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Harvest Nearing Completion In Manitoba

Manitoba Agriculture says total harvest completion sits at 95%, well ahead the three-year average of 79% at this time.
 
Fall fieldwork continues and anhydrous ammonia applications have started.
 
Soybean harvest is virtually complete, sitting at 92% done.
 
"Soybean yields have been average to good for the most part," said Industry Development Specialist Dane Froese. "Generally yields are in the 35 to 45 bushel an acre range, which is better than some expected given how dry August was across much of Manitoba."
 
Corn harvest rapidly progressed over Thanksgiving weekend, with many producers finishing and grain moisture ranging from 18 to 24%. Grain dryers have been going, though for significantly less time than last year. Provincially, the grain corn harvest is 49% done.
 
Cattle are being removed from community and private pastures, and back to overwintering yards. Greenfeed silage supplies have boosted some farmers’ outlook for overwintering feedstocks, though pastures are often in fair to poor condition, with very dry surfaces.
 
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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.