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Winter Wheat Harvest Fast Approaching

An agrologist with Ducks Unlimited Canada says the winter wheat harvest is about two weeks away.
 
Ken Gross tells us how the Manitoba crop is filling out.
 
"We're working with a new variety, Wildfire, with a number of our producers, and it looks really strong, so I hope that's carried through to yields," he commented.
 
Gross says most of the winter wheat survived the heavy rains in southwest Manitoba, while eastern producers are dealing with some winter kill. He notes overall the crop is looking really good across the province.
 
Fusarium head blight does not seem to be an issue this year. Gross adds the crop has been pretty clean all around in terms of insects, disease, and weeds.
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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.