In its September report, AAFC increased its average canola price outlook for the current crop year by $55 a tonne.
In the just-issued October report, canola is up another $25 a tonne, which is a bit counterintuitive given the drop in cash prices over the past ten days.
This crop year’s average canola price is projected to be $89 a tonne higher than last crop year. Meanwhile, durum is up by $10 a tonne as compared to last month while spring wheat is down $10.
Price projections are unchanged for lentils and peas, with chickpeas up $15 a tonne.
However, chickpeas are still $55 a tonne below last year.
The two biggest price movements in the October report are on crops with limited Saskatchewan acreage.
Dry beans are up by $65 a tonne as compared to last month while sunflower seed is up $40 a tonne.
