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Latest Snowmelt Will 'Help Kickstart The Crop'

With snow blanketing much of the Prairies this week, farmers are now waiting to see how much of that moisture will soak into the fields.
 
Anne Kirk is a cereal specialist with Manitoba Agriculture & Resource Development.
 
"The snowfall is definitely a huge blessing for people. Anyone that got snow, I think it was very welcome because soil conditions were fairly dry prior to the snowfall. It really just depends on where you are located. Anywhere from say 25-30 cm down to 7 cm is what I've heard. In general, it's a 10 to 1 ratio so people that got 25 cm of snow that would be about an inch of water."
 
Kirk says the only downfall of the snow is that some of it may have blown off the field.
 
Winter wheat will also benefit from the moisture, according to Alex Griffiths with Ducks Unlimited.
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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.