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Corn and Sorghum Harvests Nearly In

For the week ending December 1, Nebraska's corn harvest was 96% complete, near 99% for both last year and the five-year average, according to the USDA National Agricultural Statistics Service. Sorghum harvest was 97% done, near 99% for both last year and the average.
 
Winter wheat condition rated 2% very poor, 4% poor, 26% fair, 49% good, and 19% excellent.
 
Pasture and range conditions rated 1% very poor, 4% poor, 24% fair, 60% good, and 11% excellent.
 
For more information, view the National Crop Progress Report.
 
Source : unl.edu

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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.