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Seeding Underway For Canadian Foodgrains Bank

Farmers have begun seeding fields for the Canadian Foodgrains Bank (CFGB).
 
Gordon Janzen is the Regional Representative for Manitoba.
 
"Seeding has been going ahead fairly well for most of the growing projects, although it was slow in getting started," he said. "It was pretty cold and some of the ground was pretty wet for a while into May but now at the end of May a lot of the projects have been able to get going."
 
Janzen says Manitoba has close to 40 grow projects (about 5,000 acres) this year, with most growing wheat, canola or soybeans. There are also a few fields of corn being grown as well.
 
One of the returning projects this year is the Scratching River grow project near Rosenort, which hasn't planted a field for a few years.
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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.