Elevated grain prices spurred on by global supply disruptions and strong demand continue to help offset elevated operating expenditures for Alberta’s farmers.

Wheat (excluding durum) prices in Alberta jumped 8.5% (on a monthly basis) in May, over double the price seen prior to the pandemic in May 2019.

Averaging $453 per metric tonne over the first five months this year, wheat prices across Alberta and BC were up 64% relative to the same period in 2021.

Meanwhile, the price of canola (including rapeseed) eased after consecutive gains since October last year, but still remained 60% higher on a year-to-date basis.

Prices of hogs, poultry and cattle also edged up in the month across most regions in the country.

Answer to the previous trivia question: The European Central Bank is headquartered in Frankfurt am Main, Germany.

Today’s trivia question: When was rapeseed first grown in Canada? (Developed later by Canadian plant breeders, canola is a variety of rapeseed.)