In the current price determinations, Farm Credit Canada declared that the prices for canola, wheat and red lentils will increase in the upcoming months.
The average amount of canola will be around $520 per tonne in the upcoming 6 months, it was declared by an agrarian lender in the initial days of November in e-newsletter. Earlier, the price was $443 per tonne in the months of January – September. FCC tagged the price at $256 a tonne for spring wheat that was $227 during the initial 9 months of the year. Red lentils increased from $523 to $544. FCC also told the price for yellow peas which is $267 pet tonne, $228 for feed barley and $271 for durum will trend a bit lower.
If this forecast is proved to be accurate one, then, the obvious winner will be canola which FCC declares has average of $468 a tonne in these past 5 years.