Each month, the Market Analysis Group of Agriculture and Agri-Food Canada releases an Outlook for Principal Field Crops. The March report contains some major changes on price predictions.
For the current crop year, the biggest price prediction change is on canola, a drop of $25 a tonne on the average price expected for the year. For the upcoming, 2025-26 crop year, the canola price prediction has been reduced by $40 a tonne, almost a dollar a bushel.
The new crop price prediction for peas has been cut by $35 a tonne and lentils are down $25 a tonne as compared to last month.
One upward price prediction stands out.
The expected new crop price for flax has been increased by a whopping $105 a tonne based on strengthening demand and tight supplies. Flax prices have been increasing for the past three years.
There’s also a bit of good news on wheat which is expected to have a slightly better price in the new crop year.
However, on most crops, prices have been slipping for three or more years. The new crop price for oats is expected to be the lowest in five years, Canary seed is expected to be the lowest in six years and rye is expected to be at an eight-year low.
