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Widespread rain delays Sask. harvest amid fears of crop downgrading

Widespread rain across the Saskatchewan grainbelt is delaying harvest and may cause some crop loss.
 
The vice chair of SaskWheat, Scott Hepworth, says his farm at Assiniboia has had about 30 millimeters of rain since the weekend.
 
He says “this is the kind of worst weather we could possibly dream of right now.”
 
Rainfall has reached over 25 millimeters in Regina.
 
Hepworth is worried about possible downgrading of some cereal crops, particularly durum wheat.
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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.