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Manitoba Crop Report - May 10

Manitoba Agriculture has released the first crop report of the season.

Provincial seeding progress sits at less than one per cent complete, behind the 5-year average of 21% for Week 18.

Extremely wet and cold conditions in April prevented soils from draining and drying ahead of planting.

A number of Central region locations received over 500% of normal precipitation for the month.

As a result, crop planting is delayed by at least two weeks behind ‘normal’ starting dates.

Heavy rainfall in the Central, Eastern, and Interlake regions and the Red River Basin has caused overland flooding, saturating low-lying fields and filling waterways.

Twenty-six rural municipalities and communities have declared local states of emergency over the preceding two weeks in order to fight floodwaters, which has led to infrastructure damage and road washouts.

Multiple highway closures are ongoing, impacting movement of agricultural commodities and inputs.

Farmers are extremely concerned about seeding delays, leading some farmers to switch planned corn or soybean acres into canola and spring wheat, while planned field pea acres may see a decline as well.

Approximately 4,000 acres of potatoes have been planted in the Carberry to Shilo area.

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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.