The Market Analysis Division of Agriculture and Agri-Food Canada is forecasting slightly better prices for most crops in the upcoming 2026-27 crop year. However, one notable exception is canola.
In its January Outlook for Principal Field Crops Report, Ag Canada is assuming the 2026 Canadian crop will return to average yields, down from the record yields of 2025.
The report also assumes some seeded acreage changes, the biggest of which are acreage drops for peas, lentils and chickpeas.
The 2026-27 average price for CWRS wheat is expected to be up by $10 a tonne as compared to the current crop year with durum up only $5 a tonne.
Barley and oat price projections are unchanged from one year to the next.
Peas are forecast to see a $10 a tonne price improvement, with lentils up $30 a tonne and chickpeas up $60 a tonne.
The biggest price increase is forecast for flax – $100 a tonne. However, that would still leave flax below its five-year average.
The biggest price decrease forecast in the Ag Canada report is on canola. Ag Canada believes canola will average $30 a tonne lower next crop year, even though it’s already well below its five-year average price.
Of course, a lot of things can happen between now and the beginning of the new crop year on August 1.
