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Cornhuskers Harvesting a Record

Nebraska’s cornhuskers, not the athletic program at the university but its corn farmers, could be harvesting a record crop this year according to estimates released Friday by the USDA National Agricultural Statistics Service (NASS). The agency forecasts Nebraska’s corn crop will be 1.90 billion bushels this year, up 10% from last year, exceeding the earlier record set in 2021 by 45 million bushels (Figure 1). Average yield is estimated at 196 bushels per acre. If realized it would also be a new record high. Soybean production is also expected to exceed last year, up 16% to 310 million bushels, but it is not expected to surpass the 2021 record. Soybean yield is pegged at 59 bushels per compared to 51.5 bushels last year.

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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.