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MPSG Looks Back On Smooth Harvest

Manitoba Pulse and Soybean Growers says harvest went really smoothly this year.
 
Production Specialist Cassandra Tkachuk provided some numbers.
 
"For peas we saw higher acres and really goods yields as well, ranging from 40 to 90 bushels per acre. For dry beans we saw yields above average ranging from 1,800 to 2,500 pounds per acre with good quality as well."
 
She notes soybean yields averaged around 40 to 45 bushels per acre with good quality for the most part.
 
The September frost did affect some fields.
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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.