Prices for grains, oilseeds, and pulses have been falling for most crops over the past several years largely due to global trade uncertainty and improved production. Globally, there are ample supplies for most grain and oilseeds, as many countries benefited from optimal growing conditions last year. The situation was no different domestically as Canada produced a record 107 million tonnes in 2025. Considering uncertainties with regards to trade and market access, farmers are, not surprisingly, wondering about prospects for profitability.
In this outlook, we look at the key factors that will drive prices and present our forecasts for the 2026-27 crop year.
Ample supplies limit price forecast for 2026–27
Commodity prices for the 2025-26 crop year have declined year-over-year for nearly all crops. The downward price pressure is expected to continue into the 2026-27 crop year (Table 1). Abundant supplies due to record grain and oilseed production along with trade uncertainty and market access challenges will limit prices for the new crop year keeping them all well below the five-year average. Record production means higher carry-out stocks at crop year end and that has added pressure to prices.
Canadian ending stocks expected to surge
In Canada, most principal field crop ending stocks are projected higher for the 2025-26 crop with the exception of corn and soybeans. Combining all Canadian grains and oilseeds together, crop year ending stocks are expected to surge to levels not seen since the bumper crop of 2013-14 (Figure 1).
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