Generally good crop development across the prairies is a mixed-blessing for producers, according to G-3s Canada's Manager of Pooling.

Dave Siminot says while most producers would be happy to bring in an abundant crop, the potential for a big harvest this has put pressure on commodity prices.

According to G-3's latest pool return outlooks, number one C-W-R-S has dropped more than ten dollars per tonne since the last report, while canola and soybeans are down about thirty dollars from the June Pro.

"We've seen the Canadian dollar help out a little bit," Siminot explains, "it's weakened off a few pennies since the June Pro,... (but) overall for grains and oil seeds we're seeing lower prices into this season. I don't want to say it's a done deal because obviously we still have a few weeks left of the growing season, but it's been a really good season so far and looks like a really big crop coming".

Siminot adds the U.S. has also seen favourable growing conditions with large productions estimates coming from our Southern neighbours, which also has hammered commodity prices.