indicatorThe Owl

Crop prices in Alberta remained high in September

Wheat, canola and barley prices were well above their five-year averages

By Rob Roach, ATB Economics 8 November 2022 1 min read

The going rates for Alberta’s three main crop products were down in September compared to both August and their recent peaks, but were still well above their five-year averages.

At $421 per metric tonne, wheat prices (excluding durum) slipped in September 2022 by 1% compared to the month before and were 34% lower than in June 2022 when they hit $521 per tonne.

Despite the pullback, wheat prices in September were still 44% above their five-year average.

It’s a similar story for canola: At $839 per tonne, the price of the oilseed was 9% lower than in August 2022 and 22% below June 2022 when the price was $1,078 per tonne.

Canola prices in September were, however, still 44% higher than their five-year average.

Barley prices, meanwhile, were down in September by 1% versus August and by 16% compared to their recent peak of $411 in June 2022.

At $347 per tonne, the price of barley in September was 37% higher than its five-year average.

Relatively strong crop volumes this year will work to push Alberta prices lower, but a lot also depends on the degree to which the Russian invasion of Ukraine does or does not disrupt the global food supply going forward.

Answer to the previous trivia question: Measured in dollars, British Columbia exported the most electricity to the U.S. in 2021 at $1.0 billion.

Today’s trivia question: When was the first bagel made?

Crop prices in Alberta peaked in June 2022

Crop prices in Alberta peaked in June 2022


Economics News

Subscribe and get a quick daily snapshot of what’s happening in Alberta’s economy

Need help?

Our Client Care team will be happy to assist.

Chat now
ATB Virtual Assistant
The ATB Virtual Assistant doesn't support landscape mode. Please tilt your device vertically to portrait mode.