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Feed grain prices took a sharp drop across most of the Canadian Prairies during the week of June 24, as a broker pointed to the potential for good crops this year as the reason why.

Feed grain prices in Alberta moved lower following recent rains, said Susanne Leclerc, owner of Market Master Ltd. in Edmonton. However, she suggested prices could increase prior to the coming harvest.

Prices for green lentils were steady to higher for the week ending Sept. 27, according to Prairie Ag Hotwire. A broker credited increased foreign demand.

As the rest of July plays out, United States soybeans and corn will remain in a weather market, said Sean Lusk, vice-president of Walsh Commodity Hedging Services in Chicago.

There were strong gains for canola on the Intercontinental Exchange on Dec. 27, as trading resumed after being closed for Christmas and Boxing Day. However, the gain will likely not be the prelude to a major upswing in the oilseed’s prices. Rather, canola is likely to pull back once trading gets back into full swing after the New Year, according to analyst Bruce Burnett of MarketsFarm.