Prices for Prairie canola have plunged from $19 to $14 and so far this year’s crop is faring well.
Market commentator and farmer Kevin Hursh said he, as most Prairie farmers, failed to take advantage of the high futures-market price before spring planting.
But crop insurance premiums were set according to the higher prices.
On a broader scale, the export price for U.S. soybeans has also fallen by $47 to $538 a tonne since April.
Grains and oilseeds have been prominent in the rise in North American food prices.
