Scotiabank's agricultural commodity price index was up almost 4 per cent from January to February.
The February index was down by just over 7 per cent from February of 2015.
Scotiabank's Patricia Mohr expects Canada's agriculture and processed food manufacturers to be big winners from the Trans-Pacific Partnership, when it's ratified.
The bank's overall commodity price index was 0 point 3 per cent lower in February than in January - 25 per cent below where it was a year ago.
That's the fourth consecutive monthly drop in the overall index.
However, Mohr predicts the index will rally significantly in March.
