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Manitoba Crop Report

In this week's crop report, Manitoba Agriculture says saturated soils and waterlogged fields are common in the southwest region from Brandon northward.
 
Fusarium risk maps indicate extreme risk for FHB development in cereals across much of the province.
 
Hay and forage yields have been below normal to date, while rains are expected to improve hay and pasture regrowth for a second cut in most of the province.
 
Widespread spraying for grasshoppers is ongoing. Armyworms are noted in fall rye, spring cereals, and perennial rye grass. Insecticide applications are ongoing.
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Making Soybeans Great Again! + A Fools Gold?

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Trump's post this week that China would buy an additional 8 mmt of U.S. soybeans was a “game changer” near-term. The plunge in Bitcoin down 50% from the highs may no longer be considered a “digital” gold. It has followed the selling in tech this week with the NASDAQ down 7%. The 45Z announcement provided more clarity and guidance resulting in higher soyoil futures. Next weeks USDA February crop report is historically a non-event and more.