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Seeding Pretty Much Finished, Crops Are Emerging

It appears farmers in the southeast are largely finished spring seeding. Earl Bargen is the Manitoba Agriculture Farm Production Advisor in Steinbach. He estimates planting at 95% complete.
 
"I'm seeing a lot of fields that are emerging already. I don't know if we're 100% done but we're getting relatively close. And, this of course is the last big week for getting soybeans in, things like that. At the end of this week, we're getting close to some of the (crop insurance) deadlines that you want to have your crop in for."
 
Bargen adds he has received no reports of frost damage from the cold weather ten days ago. Marc Hutlet of Marc Hutlet Seeds at Ste. Anne agrees, adding he has not heard of anyone needing to re-seed.
 
Meanwhile, Bargen says soil moisture conditions are okay but the rain this week will be welcomed by producers.
 
Source : Steinbachonline

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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.