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Bibeau comments on Russia's invasion of Ukraine

Federal Agriculture Minister Marie-Claude Bibeau addressed the Russia-Ukraine situation Wednesday at the Canadian Federation of Agriculture (cfa) AGM in Ottawa.

"It's obvious that Ukraine being a big agricultural producer and exporter. It will have a significant impact. Russia as well. I would say that my first thought after the Ukrainian community themselves, obviously, will be for developing countries who used to be supplied by Ukraine. I know that our grain producers are already working closely with the world food program to supply Africa and the Middle East, because there's a real food security issue."

Bibeau says the invasion will likely put pressure on our supply chain, and on the prices of inputs such as fertilizer.

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

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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.