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Manitoba Crop Report

Manitoba Agriculture says harvest completion across all regions of the province has reached 35%.

Cooler, wet and humid weather has delayed harvest operations, which will affect the quality of remaining unharvested cereal acres.

Soil moisture has rapidly improved in nearly all areas of Manitoba, with the top 30 cm of soil showing conditions as optimal to wet, based on field capacity. These trends are reflected at depths, where subsoil moisture has also improved slightly.

Wetter surface conditions in many fields have meant that sprayer desiccant or harvesting operations have left ruts or tracks.

Substantial rains have meant that hay and pastureland has now greened up, and livestock producers are intensively managing regrowth areas to support fall grazing.

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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.