With only a few notable exceptions, grain, oilseed and specialty crop prices are lower than last year at this time. Some prices are dramatically lower.
Crop prices at this time of year are a major determinant of where Crop Insurance price levels will be set.
Canola immediately comes to mind when you think about falling prices, but cash canola prices are only about 50 cents a bushel lower than last year at this time. Prices vary by buyer and location, but $12.50 a bushel is a typical canola price right now as compared to about $13.00 a bushel at the end of last year. For 2025, the Sask Crop Insurance price for canola was $13.50 a bushel.
The market price for CWRS wheat is currently around $7.00 a bushel, down about 75 cents from last year. Durum is down about a dollar to around $7.80 a bushel. Feed barley has declined from about $5.25 to around $4.60 a bushel depending on location.
Flax has held up quite well – about $17.75 a bushel a year ago and about $17 today. The only prices as good or better than a year ago are on mustard. Yellow mustard is similar to a year ago at around 41 cents a pound. Brown mustard has been reported at around 37 cents a pound, up from only 32 cents a year ago.
All the other crops are down substantially. Red lentils are down from 34 to 22 cents a pound. Large green lentils have crashed from 58 to about 26 cents per pound. Yellow peas are down more than $3 a bushel to around $7.00. Green peas have fallen from $16.50 a year ago to about $10.25.
Kabuli chickpeas were about 40 cents a pound a year ago and are now around 27 cents. Canary seed has faded from 31 cents to just 19 cents a pound.
Crop Insurance prices won’t be announced for a couple months, but with the dropping market prices, coverage levels are going to be down substantially.
