Each month the Market Analysis Group of Agriculture and Agri-Food Canada publishes an outlook report for principal field crops.
The March report released this week shows improved price prospects on some crops while others have declined.
Looking at new crop price projections, the Ag Canada report has dropped its expected price for durum by $25 a tonne as compared to its February report.
Spring wheat is down by $20 with both barley and oats down by $5 a tonne. Both barley and oats are the lowest in four years.
Canola prices have been rallying in recent weeks, but the Ag Canada report has dropped its new crop price projection on canola by $20 a tonne. Flax has gone the opposite direction and is up by $50 a tonne.
All the types of field peas are grouped together and that new crop price projection is up by $25 a tonne. Lentils have improved even more with an increase of $50 a tonne over last month’s projection. Both chickpeas and Canary seed are unchanged, but mustard has seen a huge drop – down $345 a tonne as compared to the February new crop price projection.
