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Manitoba Crop Report - Nov 5

About a quarter of the province's soybeans remain unharvested.
 
Dane Froese is with Manitoba Agriculture.
 
"There's still some optimism around soybeans given that most of the time soybean stalks are a little bit more firm and stand up to strong winds and weather conditions better than a straw-based crop like cereal or wheat," he said. "As long as we don't have too much snow, and it stays cold and snow-free, for the most part producers will be able to get those soybean crops off."
 
The province says overall harvest progress is sitting at about 89 per cent complete.
 

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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.