Canadian grain and oilseed sales make up a lion share of farm income in Canada and Manitoba. Canola and wheat prices have been relatively stable since 2008 despite bumper crops and droughts in western Canada. The recent price spikes in the spring of 2022 were well outside all forecasts. Dr. Derek Brewin, Head of Agribusiness and Agricultural Economics, University of Manitoba, and David Simonot, Crops Intelligence Specialist at Manitoba Agriculture, discuss the dynamics of the current supply and demand for canola and wheat and discuss some possible drivers for the rapid price rise this spring.

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