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Bean Report

There were a wide range of seeding dates this year for all crop types, including pulses and soybeans.

Jennifer McCombe-Theroux is a production specialist with Manitoba Pulse and Soybean Growers (MPSG).

"There's a lot of variability for crop staging and priorities," she said. "With this heat, crops are changing quickly but soybeans are mainly ranging from VE, the emergence stage, where the cotyledons have pulled through the soil to V1, which is the first unrolled trifoliate leaf."

McCombe-Theroux says field peas range from V2 to V6 and dry beans range from VC to V1.

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USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension

Video: USDA Feb Crop Report a WIN for Soybeans + 1 Year Trade Truce Extension


USDA took Trumps comments that China would buy more U.S. soybeans seriously and headline news that the U.S./China trade truce would be extended when Trump/Xi meet in the first week of April was a BIG WIN for soybeans this week! 2026 “Mini” U.S. ethanol boom thanks to 45Z + China’s ban of phosphates from Feb. – August of 2026 will not help lower fertilizer prices anytime soon! 30 mmt of Chinese corn harvest is of poor quality and maybe a technical breakout in wheat futures.

*Apologies! Where we talk about the latest CFTC update as of 10th Feb 2026, managed money funds covered their net short position in canola to the tune of +42,746 week-on-week to flip to net long 145 contracts and not (as we mistakenly said) +90,009 wk/wk to 47,408.