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Corn Crop Benefiting From Late Season Rain

We're still a few weeks away from the corn harvest.
 
Morgan Cott with the Manitoba Corn Growers Association gave us an update.
 
"It's looking good, it's a little stagey still across the province...Those rains definately will have helped everything fill and finish up a little better as long as those plants haven't started to shut down already. That's our greatest concern at this point, is that the plants will have started shutting down and they won't be taking up any moisture from the soil."
 
Cott is hoping the frost stays away long enough to allow the corn crop to finish developing.
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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.