Grain News

Canola markets continue to show strength heading into mid-October, with futures finding support from firm vegetable oil markets, steady domestic crush demand and ongoing uncertainty surrounding global trade. Harvest is largely complete across the Prairies, and attention is shifting toward producer selling and export movement. While strong Canadian supplies may limit significant upside, demand from domestic crushers and international buyers continues to provide underlying support. Crude oil prices, soybean oil futures and developments in China remain key factors to watch in the weeks ahead. Overall, canola values remain attractive, and producers should continue watching deferred delivery opportunities and using firm offers to take advantage of market rallies. Call for tailored FOB farm bids in your area!

Soybean futures are finding support from reports of China purchasing 520,000–650,000 MT of U.S. soybeans, bringing total purchases closer to the White House’s 25 MMT target. U.S. harvest is 46% complete, slightly behind average, while marketing-year exports remain strong at 189 million bushels, up 27% year-over-year and marking the fastest pace in six years. Local soybean bids are sitting around $16.00–$16.50/bu FOB farm for nearby delivery. Turning to dry beans, Canadian production is forecast to decline 19%, largely due to reduced black and pinto bean acreage. Prices are strengthening across major classes, with black beans showing the most upside potential and reports of bids reaching $0.50/lb. Faba bean yields are expected to average an above-average 44.7 bu/ac, although total production is still forecast lower due to a 25% reduction in seeded acreage. Current faba bean bids are approximately $8.00/bu for #2 export quality and $7.50/bu FOB farm for feed quality.

With lentil harvest nearly complete, growers are getting samples graded and beginning to market this year’s production. Early grading results suggest a wider range in quality than we have seen over the past few years, particularly in later-harvested fields where bleaching, discoloration, staining and some sprouting damage have become concerns. #3 red lentils are trading around $0.20/lb FOB farm, while sample-grade lentils range from $0.12–$0.15/lb depending on colour and overall quality. For good-quality lentils, prices remain relatively unchanged this week. #2 large greens continue to trade around $0.30/lb FOB farm, while #1 small greens have traded as high as $0.27/lb FOB farm in the right locations. Red lentils remain steady at $0.26–$0.265/lb delivered to plant on #2 spec. With quality differences becoming more apparent, having samples graded will be important in identifying the best marketing opportunities.

Oat markets remain relatively flat for another week as supply and demand continue to find a balance. Last week, heavy #2 oats traded around $3.35/bu FOB farm in northeastern Sask, while feed oats were trading near $2.55/bu FOB farm in the Saskatoon area. Oat futures have also backed off from their September 21^st highs, with the large 2025 carryover remaining one of the biggest obstacles to any significant price improvement this fall. If exports remain steady and producers continue making sales, we could see some of that excess supply worked through heading into spring. For now, marketing oats through the fall and winter will require some patience, with opportunities likely coming from smaller price improvements as buyers look to fill nearby needs.

Global wheat supplies are tightening modestly, while the USDA’s 3 MMT reduction to Russian export projections highlights ongoing challenges surrounding Black Sea shipments. Canadian wheat exports remain well ahead of last year, helping support the cash market despite sluggish futures. Quality is becoming an increasingly important factor, with only 76.8% of current CWRS harvest samples grading in the top two grades compared to 91% last year. This could create additional premiums for higher-quality milling wheat as the year progresses. Durum quality appears stronger, with 68% of samples grading in the top two grades compared to 44% last year. Canadian durum exports are also running more than 80% ahead of last year, with St. Lawrence export values strengthening toward US$335/MT. For producers, we continue to recommend testing representative samples for protein, falling number, test weight and HVK to identify potential quality premiums. Overall, the outlook for Canadian cash wheat and durum remains cautiously optimistic, with export demand, final grading results and Black Sea developments worth watching. Current buyer indications for #1 CWRS with 14% protein or higher are sitting around $8.90/bu, while feed wheat and durum values range from $6.00–$6.65/bu picked up on farm.

Canaryseed markets remain relatively quiet as the drawn-out harvest continues to wrap up. The Saskatchewan Crop Report for the week ending October 5 pegged harvest progress at 68% complete. Pricing has remained fairly steady throughout harvest, with bids sitting around $0.20–$0.205/lb FOB farm for fall movement, while prompt movement opportunities are available closer to $0.19/lb FOB farm. StatsCan is estimating a significant reduction in total production for 2026/27 compared to last year, which should help ease some of the pressure from burdensome carryover stocks. However, overall supplies are still considered comfortable at this point. Reports of sharply higher U.S. millet prices could also provide some support to canaryseed demand moving forward. As harvest wraps up, we encourage growers to send in samples for grading so they are ready to take advantage of pricing opportunities as they arise.

Pea markets are showing little change this week, although there continue to be some attractive opportunities depending on location and quality. Yellow pea bids are sitting around $9.00–$9.25/bu FOB farm, with the higher end of that range being freight sensitive. Green peas are trading around $10.00/bu delivered to plant, with additional premiums available for low bleach and moisture. In southeast Sask, some sellers may have opportunities to achieve $10.00/bu FOB farm based on 13.5% moisture. Maple peas remain steady around $10.00/bu FOB farm in most areas, regardless of variety. On a positive note, blazers have recently attracted some much-awaited buyer interest after seeing limited firm bids during harvest. Feed buyers continue to look for off-spec peas, with indications ranging from $6.00–$7.00/bu FOB farm. Looking ahead, Chinese and Indian demand will remain key market drivers, particularly with expectations for reduced pulse production from India’s kharif harvest. Markets will also be watching whether India removes its 30% tariff on yellow peas, which could provide some additional upside to local values if lifted.

Mustard markets continue to trade sideways, with little movement in value over the past few weeks. Some sales have been taking place as growers look to ease bin congestion and take advantage of current bids. Yellow mustard remains around $0.38–$0.40/lb FOB farm, depending on location and movement timeline, while oriental is trading in the $0.36–$0.38/lb range. Conventional brown mustard continues to trade around $0.35–$0.37/lb, with hybrid varieties still facing challenges in finding consistent markets. The latest Saskatchewan Crop Report estimates average mustard yields at 1,039 lb/ac, or just over 20 bu/ac across all varieties. With that in mind, yellow mustard yields are likely averaging below 20 bu/ac, while brown and oriental yields are expected to be somewhat higher. Strong carryover supplies continue to limit the potential for significant price improvements, although quality issues in some areas could reduce the amount of marketable product available. For now, we expect mustard values to remain relatively steady, with firm offers worth considering for growers looking to capture specific price targets.

Chickpea markets continue to move at a slow pace, with relatively flat prices and large on-farm stocks keeping buyers cautious. There is some interest in larger lots of product, although buyers are closely examining quality and showing little flexibility on anything falling outside CGC #2 specifications. Looking ahead, production is expected to decline to 345,000–350,000 MT next year, roughly 13% below last year’s levels. However, if export activity fails to improve, total supplies could still increase slightly in 2027/28, as the large carryover of mainly lower-quality chickpeas from the 2026/27 crop offsets the smaller new crop. Pakistan continues to lead export demand, and stronger buying interest from that market could help support values and encourage additional acres in 2027. Current bids for #2 large Kabuli chickpeas range from $0.30–$0.32/lb FOB farm, depending on movement timeline, sizing requirements and location. Freight and fuel costs also remain important factors in determining available bids. For now, quality and export demand will continue to drive marketing opportunities.

Flax markets have seen a slight improvement in pricing this week, although overall activity remains fairly quiet. Brown flax bids have reached $17.00/bu picked up for November/December movement in some areas, with quicker movement options also available at discounted values. The smaller Canadian crop is providing some underlying support, but any significant improvement will likely depend on stronger export demand from China and the EU. Even with improved demand, upside potential is expected to remain modest, as Russia and Kazakhstan continue to be leading suppliers into international markets and play a major role in setting prices. Yellow flax bids remain steady, with values around $20.00/bu FOB farm still achievable. One thing worth watching with the 2026 crop is test weight, as some lighter flax is coming off this year. Growers should have samples checked to ensure they know what quality they have available before making sales.

Feed barley continues to offer decent selling opportunities, with current bids ranging from $4.80–$5.30/bu FOB farm across Sask for fall movement. Buyers are also showing interest in securing supplies into the new year, with modest premiums available for January and later delivery, if growers are willing to store product. As always, values tend to strengthen closer to feedlot alley, although we continue to see competitive trades taking place throughout central Sask as well. With additional tonnage expected to come to market as harvest selling continues, current values are worth considering for those looking to move some inventory. On the malt side, pricing remains extremely limited, although there are multiple reports suggesting malting barley supplies could be tight this year. Having malt barley graded and specifications available could prove valuable if maltsters begin looking to secure additional tonnage. For now, feed remains the more active market, but growers with good-quality malt barley may want to keep an eye on opportunities as the season progresses.

Rayglen Market Comments are for informational purposes only. Rayglen Commodities and its agents or employees shall not be liable for any loss or damage suffered by any person as a result of reliance on any of the contents contained within these products, whether such loss or damage arises from negligence or misrepresentation or any act or omission of its agents or employees.

Flax prices are holding fairly steady week-over-week, with indications generally sitting around $16.00-$16.50/bu FOB farm this week. Interest has emerged for prompt new crop deliveries, likely due to a delayed harvest and lack of production contracts signed earlier in the year. While 2026 production is still expected to decline, carryover supplies should keep the overall 2026/27 market well supplied and may limit upside potential. Growers may see a premium for milling quality brown flax, with some opportunities to capture $1.00/bu over #1 brown flax values. Although we haven’t seen any major price rallies, firm offers and targets continue to grab buyer attention. Yellow flax activity has quieted down somewhat, with indications sitting around $19.00/bu FOB farm. Much like brown flax, putting out a firm target, closer to $20.00/bu, may find footing in today’s market.

Wheat values have trended slightly lower on the futures market over the past week or two following their strong run over the last few months. The impact of the war in the Black Sea region has eased somewhat as reports suggest damage to some ports was not as severe as initially expected. However, as we know, that situation can change quickly. For now, world trade appears to be looking past the conflict until given a reason not to. Harvest has progressed considerably in recent weeks, with some reports of some ugly product coming off, while others reporting quality better than expected. The jury is still out on where overall quality will land, but a good amount of feed wheat continues to trade. Feed bids are currently around $6.00-$7.00/bu FOB farm depending on location and how long growers are willing to store product. If you’re looking for quick movement, expect values toward the lower end of that range. Durum values have strengthened, with many bids reaching $9.50/bu delivered for #2 or better product and some FOB farm values north of that in southeast Saskatchewan for spring movement.

Chickpea markets continue to see interest this week, with a reported 40% of the crop still in the field as of September 17^th. Concern is developing around how quality will hold up and how much the late season rain is expected to result in a significant amount of lower-grade product. While the pet food sector can absorb some off-grade chickpeas, it is estimated to account for only 10-15% of total production, potentially leaving a sizeable volume of lower-quality product that could be difficult to move. #2 large Kabuli chickpeas are being bid around $0.28-$0.30/lb FOB farm depending on movement timeframe, sizing requirements, and location. Freight and fuel costs are also becoming more of a factor in bids, with some buyers suggesting sellers deliver directly to plants rather than have product picked up on farm. If local delivery is an option, it could mean a little more money in your pocket at the end of the day.

Soybean markets have firmed on tightening U.S. availability and stronger processor bids, with harvest reported at 17% complete and Iowa only 3% finished. China’s 10% tariff continues to limit private demand, while state purchases have surpassed 12 MMT, although reaching the 25 MMT annual target remains a challenge. Local bids are currently sitting between $15.50-$15.75/bu FOB farm for nearby movement. Edible bean markets continue to hold firm as smaller black and pinto crops, combined with U.S. yield concerns, limit available supplies. White beans are also becoming less available, keeping buyers engaged, with FOB farm bids in the mid-to-high $0.40/lb range. Faba bean production is expected to edge lower, although stronger Baltic production is helping offset declines in Australia and the UK. Current faba bids are approximately $8.00/bu for #2 export-quality product and $7.50/bu FOB farm for feed quality.

Yield reports on early harvested barley crops have been favourable, with many growers shopping generally decent quality. Later harvested barley is starting to show some lighter quality, but, for now, the feed market is willing to accommodate these lots with reasonable discounts. Make sure you have a test weight and moisture handy so you know what potential discounts may apply if your barley is out of spec. Prices have been holding fairly sideways, ranging anywhere from $4.75-$5.70/bu FOB farm depending on location and movement timeframe. The higher values are generally tied to January-February movement and farms closer to feedlot alley in Alberta. As long as the U.S. corn harvest remains behind schedule, feed barley values should continue to find some support. The quality and progress of the U.S. corn harvest will help determine where barley prices head as the year progresses.

Canola has faced periodic pressure as harvest advances and AAFC’s projected 2026/27 carryout rises to 1.98 MMT. Competition from Australian canola and the potential for increased Prairie deliveries are weighing on nearby values, while solid crush margins near $289/MT and stronger crude oil prices continue to provide support. Local basis levels remain highly variable across the Prairies, with bids ranging from $18.25-$18.60/bu delivered in eastern draw areas to $17.00-$17.75/bu delivered in western draw areas.

Canaryseed harvest continues to progress slowly, with only about one-quarter of Saskatchewan’s crop harvested as of September 21. Fortunately, canaryseed is relatively resistant to quality loss and should come off fairly quickly once growers are able to turn their attention to it. On the demand side, lower Argentine production and sharply higher U.S. millet prices are providing some support as birdseed demand shifts toward canary. While overall supplies are not expected to become tight, the combination of reduced production, delayed harvest, and firm millet prices is supportive of the market. Higher bids could encourage additional selling from Canadian producers, particularly on old crop stocks, which may limit further upside. Pricing is currently holding around $0.20/lb FOB farm, plus or minus half a cent depending on movement.

Large and small green lentil markets have strengthened this week, while red lentil values remain relatively stable. #2 large green lentils have traded as high as $0.30/lb FOB farm on firm offers this week, although pricing appears sensitive to both quality and location. Small greens have also traded as high as $0.25/lb FOB farm on firm offers. Red lentils continue to trade around $0.26-$0.265/lb delivered to plant. The recent increase in large green values could be tied to a couple of factors, including rising pigeon pea prices in India and slower-than-normal farm selling for this time of year. If producer sales begin to pick up, prices could stabilize or soften until another wave of demand develops. Strength in small greens also appears largely tied to slow selling. Red lentil values may remain relatively stable as the market waits for a clearer picture of crop size and quality in other major producing regions, particularly India and Australia.

Oat markets remain fairly flat this week as harvest progresses. Milling-quality oats continue to trade around $3.50/bu FOB farm, while feed oats remain in the $2.50-$2.75/bu FOB farm range for October-December movement. If you have a target in mind, show us an offer and we may be able to get a trade accomplished. Quality could become an issue with this year’s oat crop, making it especially important to know exactly what you have in the bin. Having your quality specifications ready will put you in a better position to act quickly when the right bid comes along.

Mustard markets remain steady as harvest grinds on, with very little movement in pricing across the different varieties this week. More samples are making their way into the office, and mustard harvest appears to be entering its final stages. Yellow mustard continues to trade around $0.38-$0.40/lb FOB farm. If you have off-grade product, show us, as there may be opportunities to get a trade on the books. Brown mustard remains in the $0.35-$0.37/lb range depending on movement, while oriental continues to trade roughly a cent above brown with little opportunity to move low grade product. Our flexible offer system continues to generate buyer interest, so if you have a price in mind, putting out a firm target may be a good way to capture the price and movement you’re looking for.

Pea markets remain relatively quiet as harvest progresses across the Prairies, although the tighter production outlook is providing some underlying support. Canadian pea production is expected to come in below last year as reduced seeded acres and variable yields limit overall supplies, particularly for yellow peas. Export demand from China and India will remain important as the market works through existing carryover, while green peas continue to face heavier supplies and more limited demand. Harvest quality will also be closely watched following the wet conditions experienced across parts of the Prairies in September. For now, yellow peas appear to have the stronger fundamental outlook, while green and maple pea values may require improved export demand before seeing much upside.

Rayglen Market Comments are for informational purposes only. Rayglen Commodities and its agents or employees shall not be liable for any loss or damage suffered by any person as a result of reliance on any of the contents contained within these products, whether such loss or damage arises from negligence or misrepresentation or any act or omission of its agents or employees.

Canola markets have pulled back slightly this week after a strong run, with November futures trading around $818–$821/tonne this morning. Pressure is coming from weakness in soybeans and the broader vegetable oil complex, along with improving Prairie weather that should allow harvest to pick up and bring more canola into the commercial pipeline. Despite the recent setback, canola remains historically strong, with support coming from a weaker Canadian dollar, solid domestic crush demand and improved export opportunities. European rapeseed prices have also been firm, providing some underlying support to the oilseed complex. For now, harvest progress and movement in soy oil, crude oil and the Canadian dollar will likely dictate the next move, but values above $800/tonne continue to offer attractive pricing opportunities.

Mustard markets remain fairly steady heading into late September, with little movement in pricing across the different varieties. Recent rains have yet to create any noticeable urgency from buyers, although demand remains present. Yellow mustard continues to trade around $0.37-$0.40/lb FOB farm, with some interest in off-grade depending on specifications. Brown mustard remains in the $0.35-$0.38/lb range, while oriental continues to see similar demand at comparable values. Strongest bids are generally tied to longer delivery windows, so growers with the ability to hold product may find an opportunity to capture a few extra cents by being patient. As always, our offer system continues to generate buyer interest, so if you have a price in mind, putting out a firm target may be a good way to try and squeeze a little more out of the market.

Oat markets remain steady for another week, with little change in current bids. Milling-quality oats are valued around $3.50/bu FOB farm, with buyers generally preferring movement into 2027. Off-quality and feed oats continue to trade around $2.50-$2.75/bu FOB farm for October-December movement. There are still plenty of questions surrounding both the amount and quality of oats sitting in bins, and neither buyers nor sellers appear to be in much of a hurry at current levels. For now, knowing the quality of your grain and being prepared to act when the right opportunity comes along remains important.

Flax prices remain mostly sideways, with values sitting in the $16.00-$16.50/bu range and some offers for new year movement getting buyer attention. Although production is expected to be lower for the 2026 crop, carryover from last year should still leave supplies relatively comfortable for 2026/27. Prices could see some fluctuations throughout the marketing year if export demand fails to improve. Chinese warehouses are estimated to be holding around 373,000 tonnes of flax, with the majority of that product originating from Russia. In August, less than 600 tonnes of Chinese flax imports came from Canada, highlighting the continued challenge Canadian exporters face in that market. With signs of the market beginning to stabilize, a significant nearby price rally isn’t expected at this point. For growers with yellow flax, opportunities upwards of $20.00/bu are still possible.

Chickpea prices continue to show some strength as harvest delays provide support, with values ranging from $0.28-$0.30/lb FOB farm depending on movement timeframe and sizing requirements. Although yields are expected to come in below last year, significant old crop carryover remains in the system. Quality within those carryover stocks varies, and lower-quality old crop, along with off-grade new crop coming off this harvest, could face some marketing challenges as pet food demand can only absorb so much product. Once harvest is complete, prices could turn sideways to lower as the global market begins looking toward India’s rabi crop in early 2027. For growers with Desi chickpeas, there has been a small amount of recent buying interest, so check with your Rayglen merchant for current opportunities.

Soybean prices took a small step back as traders locked in recent gains, even as the U.S. harvest continues to progress ahead of its normal pace with some solid yield reports coming in. The market could find some support heading into the Trump-Xi summit and the possibility of additional Chinese buying, although much of that optimism appears to already be priced in. A meaningful move higher will likely require a stronger-than-expected agreement or a noticeable increase in demand. Local soybean bids are currently sitting between $15.50-$15.75/bu FOB farm for nearby movement. Edible bean values remain firm as reduced black and pinto acreage, combined with concerns around U.S. yields, continues to tighten the supply outlook. White bean availability is also becoming more limited, keeping buyers active, with both classes seeing FOB farm bids in the mid-to-high $0.40/lb range. Faba bean production is expected to slip slightly, although stronger Baltic crops are helping offset lower output in Australia and the UK. Current faba bids remain around $8.00/bu for #2 export-quality product and $7.50/bu FOB farm for feed-grade beans.

The lentil market hasn’t seen much change over the past week, but prices remain strong compared to the summer months. Current bids for #2 red lentils are sitting in the $0.25-$0.26/lb range depending on location. Large green lentils continue to see bids from $0.25-$0.27/lb FOB farm for #2 quality, with some of the price variation coming from buyers currently showing a preference for 2026 crop over 2025 production. #1 small green lentils are trading around $0.22-$0.23/lb, with some interest in lower-quality Estons. However, discounts are wider than normal due to the abundance of lower-grade product still available. French green lentils have also seen some recent trades around $0.23/lb FOB farm. Some in the trade believe we have a limited window for lentil export opportunities before harvest begins in other parts of the world, while others suggest holding out for stronger values. Our two cents is to consider making some sales to hedge your bets, generate cash flow, and clear some bin space.

The pea market remains relatively quiet this week, with very few trades taking place. Green peas are being indicated around $8.50/bu FOB farm, with one firm offer triggering at $9/bu on specific sizing requirements. Yellow pea sales remain quiet as well, with one offer trading at $8.50/bu, despite $8.00/bu FOB farm a more common bid. We have also seen a few buyers showing interest in maple peas this week, but size and variety are important when trying to capture top dollar. Buyers have been looking for Mosaic or Acres varieties with a minimum seed count of 650 seeds/100 grams around $10.00/bu FOB farm, while product reaching 750 seeds/100 grams has attracted values around $10.50-$10.75/bu. Even if pea prices strengthen, rising fuel costs could limit how much of that improvement reaches the farm gate as buyers deal with higher freight expenses. Despite the current challenges and limited trading activity, renewed interest in maple peas could be a positive sign for the broader pea market. Setting firm targets slightly above current bids may be worth considering to see if buyers are willing to reach for product.

Wheat markets continue to keep a close eye on developments in the Black Sea region after Ukraine intensified drone strikes on Moscow over the weekend. With ports and infrastructure increasingly becoming targets, Black Sea shipping volumes continue to be reduced. Despite generally favourable global wheat production prospects, concerns around tightening export availability from the region continue to provide support to wheat prices. In Canada, harvest progress remains behind normal, with quality continuing to be a concern. Local CPSR bids are indicated around $7.85/bu delivered Central Saskatchewan for September, with a slight carry to $8.05-$8.10/bu for December delivery. CWRS bids into Central Saskatchewan range from $8.60-$8.90/bu delivered depending on delivery timeframe, while #1 CWAD is indicated around $9.00/bu delivered Western Saskatchewan. Feed wheat has come under some pressure as harvest rains impact overall wheat quality, although buyers are still looking for coverage around $6.50/bu FOB farm depending on wheat type, delivery timeframe, and quality specifications. Feed durum has also attracted interest this week, with bids ranging from $6.00-$6.50/bu FOB farm depending on grade. For growers looking to market lower-quality durum, having a grade sheet available to share specifications with buyers has proven valuable in securing bids. Rye also continues to attract buyer interest, with bids around $6.00/bu delivered for early 2027 movement.

The barley market continues to plod along, with prices softening somewhat as harvest pressure brings additional feed supplies to market. Barley delivered into feedlot alley is currently trading around $6.30-$6.45/bu for movement through the remainder of the year. Once freight is factored in, FOB farm values across Saskatchewan are generally ranging from $4.60-$5.40/bu, with some carry available for growers willing to push movement into the new year. There has also been some off-quality feed barley entering the market, but buyers still require product to meet reasonable quality specifications. Knowing your test weight, moisture, and any other limiting factors will go a long way toward finding the right market and maximizing the value of your barley.

Canaryseed markets haven’t changed much this week, although a stretch of favourable weather should finally allow growers to make more harvest progress. We haven’t received many yield reports yet, but as combines start rolling again, we expect to have a clearer picture of production numbers. Prices remain in the $0.19-$0.20/lb FOB farm range, although capturing the $0.20/lb level may require a longer delivery window and seems to be more of a targeted value than a firm bid. With some other commodities seeing stronger price movement recently, it may be worthwhile to keep a close eye on canaryseed for any opportunities that develop. Seeded acres are down considerably this year, but the sizeable carryover continues to hang over the market and limit upside. Quality will also be something to watch as harvest progresses and more samples become available. If cash flow or bin space is becoming a concern, give us a call with a firm offer and we’ll work to find the price and movement that fit your needs.

Rayglen Market Comments are for informational purposes only. Rayglen Commodities and its agents or employees shall not be liable for any loss or damage suffered by any person as a result of reliance on any of the contents contained within these products, whether such loss or damage arises from negligence or misrepresentation or any act or omission of its agents or employees.

Mustard markets settle into mid-September with little change in pricing across all varieties. It is difficult to speculate on whether recent rains will have any impact on values, but so far they don’t appear to be creating any additional urgency from buyers. This doesn’t mean purchasers aren’t looking for product, but rather, seemingly won’t push bids higher to get product locked in. Yellow mustard continues to trade in the $0.37-$0.40/lb FOB farm range, with a few buyers also showing interest in off-grade yellow depending on specifications. Brown mustard remains quoted around $0.35-$0.38/lb, while oriental sees the least demand in a similar value range. As always, the higher end of these values generally come with a wider delivery window, but for growers looking to capture the extra couple of cents, sitting on product in the bin for a little longer may make sense in today’s market.

Lentil prices saw a slight uptick late last week on the green side for 2026 crop. Large green lentil bids range from $0.25-$0.27/lb FOB farm for a straight #2, while #1 small greens are hovering around $0.22-$0.23/lb FOB farm. Prices are lower for 2025 crop, although markets remain available, so reach out with what you have. Red lentil bids have been quieter, but prices are holding around $0.26/lb delivered for #2 spec, in light trade. Firm offers are getting some attention, particularly for quicker movement. Weak Indian monsoons overseas could create some concerns around production, while harvest delays remain a factor domestically. There could also be marketing challenges if this year’s volume of lower-quality lentils ends up being significant. Overall, the market is expecting green lentil supplies to be considerably higher than last year, while red lentil supplies are expected to be lower compared to the 2025 crop.

Chickpea markets are getting a bit of a nudge this week as precipitation continues and machinery remains idle. The focus is no longer strictly on larger-sized lots, as buyers are beginning to pivot toward decent-quality product with a majority of 8mm chickpeas. Values for standard-sized #2 large Kabuli chickpeas with a maximum of 20% 7mm are up nearly three cents in some cases, now trading around $0.28-$0.30/lb FOB farm for movement in the final quarter of 2026. There are also opportunities to purchase U.S. bushels, so call for conversion values. Feed markets haven’t seen the same bump, as there appears to be an expectation that plenty of lower-quality product could become available if adverse weather continues across major growing areas.

Oat markets and bids maintain their tone for another week. Milling-quality oats are valued around $3.50/bu FOB farm, with movement into 2027 preferred by end users. Off-quality and feed oats are valued around $2.50-$2.75/bu FOB farm for October-December movement. There continues to be plenty of speculation around the volume of oats sitting in bins from the past couple of years, raising questions about whether those bushels will go back into the bin again next year, what the quality of existing stocks looks like, and what price will finally trigger more selling. At this point, neither buyers nor sellers appear willing to flinch. For now, keeping a close eye on quality, understanding exactly what you have on farm, and being ready to sell when the right opportunity arises remains the best approach.

According to the Saskatchewan Crop Report for the week ending September 7, spring wheat and durum harvest were only 13% and 38% complete, respectively, leaving progress well behind the five-year average. Market attention has shifted toward quality concerns, with bleaching and sprouting at the forefront as excess water in fields continues to delay harvest. Issues in the Black Sea region are also providing support for wheat markets. Grain remains available in Russia and Ukraine, but logistical challenges continue to make getting product to port and into international markets difficult. Local pricing includes CWRS around $8.50-$8.60/bu delivered into Central Saskatchewan for September, with a slight carry to approximately $8.70/bu for December delivery. CPSR delivered into Central Saskatchewan is indicated around $7.75/bu for September, with monthly carry pushing values toward $8.00/bu by December. In Southeast Saskatchewan, producers can find bids around $8.50/bu FOB farm for durum meeting #1 U.S. specifications for October-December movement, increasing to $8.75/bu for January-February. Rye continues to attract interest, with approximately $235/MT being offered delivered into feedlot alley. Feed wheat has been quoted around $6.25/bu FOB farm for early fall movement, with deferred shipping periods reaching closer to $7.00/bu depending on wheat type and timeframe. Given the recent weather, the volume of feed wheat and feed durum is expected to increase. Knowing your grades early could prove beneficial if your product is destined for the feed market, as buyers begin looking to secure coverage.

Barley prices continue to show strength despite harvest pressure, with some buyers pointing to high corn prices south of the border as a source of recent support. Barley delivered into feedlot alley is quoted around $6.25/bu for October, $6.30/bu for November, and $6.35/bu for December. Buyers continue to show FOB farm bids across Saskatchewan and Alberta, with competitive values available in many areas. Stronger pricing opportunities are also available for sellers willing to push movement into 2027, with $5.70/bu FOB farm recently trading out of West Central Saskatchewan for January-February shipping. While deferred movement is offering a premium, buyers also have quick-shipping opportunities available for growers looking to create bin space. With recent harvest delays, some barley originally grown for malt may ultimately make its way into feed markets. Reach out to your merchant for updated pricing specific to your area, and if you have a selling price in mind, firm offers continue to work well in the barley market.

Pea sales remain extremely slow for this time of year, with sellers holding out for better prices while buyers continue trying to put sales together. Overseas markets appear willing to wait for product rather than overpay, keeping nearby demand relatively subdued. Carryover from last year is pegged at 1.18 million tonnes, approximately 700,000 MT higher than the 2024/25 crop year and roughly 900,000 MT above 2023/24. These heavy ending stocks continue to weigh on prices, and expectations for another average crop aren’t helping the situation. With the delayed harvest, some quality issues may arise, but the larger-than-normal carryover could limit the impact on pricing early in the season. As the shipping season progresses and old crop supplies are worked through, prices could find some support if #2 quality product becomes more difficult to source. This week’s yellow pea bids are around $8.00/bu FOB farm for October-November movement. Green peas are trading around $8.50-$9.00/bu depending on movement and quality, while maple peas remain extremely quiet, with values ranging from $8.50-$10.00/bu depending on variety and seed size.

Flax prices have traded mostly sideways this week as harvest progress remains limited and buyers haven’t shown much urgency to shake things up just yet. Spot bids for brown flax are currently ranging from $15.50-$16.50/bu FOB farm depending on location and movement timeline, although firm offers slightly above those levels may still get some attention in select areas. As we’ve mentioned before, we aren’t expecting a lot of fireworks in the flax market this year, but unknowns surrounding quality and harvest timelines leave some uncertainty around where prices could go. Carryover from last year’s crop remains higher than the previous year, suggesting supplies are relatively comfortable. However, brisk sales over the summer saw some growers rip the band-aid off on marketing, which could mean available carryover is somewhat lower than earlier estimates suggest. Yellow flax has also seen some recent buyer interest around $20.00/bu FOB farm for fall movement, providing an opportunity for growers looking to get some product moving.

Canola futures opened higher Wednesday, although early gains faded as momentum in Chicago soybeans and European rapeseed also softened. ICE canola has received support from crude oil prices and a slower domestic harvest pace, while weaker energy markets have limited further upside. The November contract remains technically firm, trading well above its major moving averages. Canadian canola production for 2026 is projected at 22.1 million tonnes, down 0.8%, with yields estimated at 41.8 bu/ac based on satellite imagery used for principal field crop estimates. Canola oil and meal remain exempt from the latest U.S. reciprocal tariffs, keeping important biofuel export channels open, while domestic crushers continue to provide solid demand, processing roughly 65% of the crop. At the time of writing, November futures were trading around $826.80/MT, with basis levels continuing to vary considerably depending on location.

Soybean markets are under some pressure following the latest USDA report, with a larger U.S. production outlook weighing on prices as harvest gets underway. However, demand remains supportive, particularly from China, which reportedly purchased around 1 million tonnes of U.S. soybeans last week as Brazilian supplies tighten seasonally. Strong crush demand is also helping provide some underlying support, although the size of the U.S. crop and South American production prospects will remain key drivers moving forward. Overall, soybeans look fairly range-bound for now, with Chinese buying likely to be one of the biggest factors determining the next move.

Canaryseed is holding onto its recent gains this week. Values remain around $0.20/lb FOB farm for growers willing to consider deferred movement, with opportunities available from September through December. Some buyers may potentially look at closing that gap to November, making it worthwhile to discuss marketing options with your merchant. It is encouraging to finally see a little life return to this market after what has been a long year. While seeded acres are down this season, the sizeable carryover from the previous crop continues to weigh on the overall supply picture. Weather is now becoming another factor to watch, as persistent rains continue to delay harvest and could create quality concerns for crop still in the field. We will be keeping a close eye on quality as harvest progresses and any issues that begin to surface. If you’re looking to create bin space and generate some cash flow, give us a call with a firm offer and we’ll work to find the trade you’re looking for.

Rayglen Market Comments are for informational purposes only. Rayglen Commodities and its agents or employees shall not be liable for any loss or damage suffered by any person as a result of reliance on any of the contents contained within these products, whether such loss or damage arises from negligence or misrepresentation or any act or omission of its agents or employees.

Feed barley continues to offer some decent pricing opportunities, with current values quoted between $4.90-$5.70/bu FOB farm depending on location and delivery timeframe. Producers closer to feedlot alley or those willing to carry grain into the winter months will find the strongest bids, making it worthwhile exploring all options with your merchant. With recent widespread rainfall across the Prairies and reports of lighter test weights, some 2026 barley originally intended for malt could end up moving into the feed market, increasing feed supply and potentially limiting upside. On the malt side, firm bids remain difficult to find, making it important to have your quality specs in hand when opportunities arise. At Rayglen, our target system continues to attract buyer attention, so putting out a firm offer may be worth considering in today’s market.

Canaryseed is showing a small sign of life this week, with values currently indicated around $0.20/lb FOB farm for October-November delivery, up a penny from weeks prior. Targets placed through our offer system continue to attract buyer attention as they look to secure some product in a generally slow trading market. While seeded acres for the 2026 growing season are down, carryover from the previous crop means overall supplies remain sufficient to meet current demand. With that in mind, locking in some volume at today’s indicated levels could make sense for producers looking to create bin space and generate farm cashflow.

Flax yields are expected to be lower than last year, which should keep Canadian supplies from becoming burdensome. However, that may not matter much in the bigger picture, with Russia and Kazakhstan expected to produce larger crops in 2026/27. Flax prices remain mostly sideways, with buying activity relatively quiet. Nearby values are sitting around $15.00-$15.50/bu FOB farm, while early new year movement is reaching closer to $16.00-$16.50/bu. The market isn’t overly concerned about quality issues at this point, with the majority of the crop still standing and flax generally able to withstand some harsher weather. Harvest will likely be delayed, however, as growers focus on getting other crops off first. Overall, prices are expected to remain relatively steady as demand from the U.S. continues to trickle in. EU demand is expected to be largely covered by the Black Sea region, while China continues to hold significant inventories in warehouses.

With chickpeas typically being one of the later crops to harvest, recent and upcoming rains have started to generate more discussion around potential quality concerns. Chickpeas are generally able to withstand periods of higher precipitation, but we won’t have a clear picture of any quality impact until harvest gets into full swing, which could still be a couple of weeks away. Globally, the decline in Australian production is significant for Desi chickpeas but could also translate into increased demand for substitutes such as smaller-calibre chickpeas and yellow peas, both of which are readily available in Canada. Prices remain unchanged this week, although buyer interest appears to be picking up. Know your crop, set your price, and get your offers into the market.

Soybeans are holding relatively steady as beneficial rains across the Midwest maintain a bearish outlook, with crop condition ratings remaining unchanged. The USDA report coming out Friday could be the next major market trigger, so some volatility may be in store as the market gets a clearer picture of final yield expectations and the outlook heading into 2027. Local soybean bids are currently sitting between $15.00-$15.25/bu FOB farm for nearby movement. Edible bean markets continue to strengthen, with significant acreage reductions in black and pinto beans, along with growing concerns around U.S. yields, supporting the rally. White bean supplies are also tightening, while buyers continue working to secure coverage before the market potentially levels off. Faba bean production is expected to be slightly lower overall, although strong Baltic crops are helping offset declines in Australia and the UK. Current faba bean bids are approximately $8.00/bu for #2 export-quality product and $7.50/bu FOB farm for feed-grade beans.

Canola is trading in the red at the time of writing Wednesday, giving back some of Tuesday’s gains. Futures values remain strong, with November around $832/MT, January at $841/MT, and March reaching $850/MT. Analysts continue to see a firm tone in the market, with crude oil and the ongoing conflict in the Middle East remaining key sources of support. Recent weather events across the Prairies have added further support, as some areas have experienced flooding while varying rainfall amounts continue to extend harvest delays. For local pricing, Eastern Saskatchewan is seeing bids around $18.50/bu delivered to plant for September through November, with monthly carry pushing values toward $19.00/bu for summer 2027 movement. Northwestern Saskatchewan is seeing posted bids ranging from $18.10-$18.65/bu delivered, again depending on delivery month, with stronger values available for deferred movement. West Central Saskatchewan saw bids around $17.50/bu delivered to plant to begin the week. For FOB farm or off-spec canola opportunities, give your merchant a call and consider posting an offer if you have a selling price in mind.

The pea market continues to show some decent life, especially for this time of year when buyer interest can often be subdued by harvest pressure. Strong pulse exports to India and China are helping work through some of last year’s carryover, while this year’s yields have so far been underwhelming compared to earlier expectations. Many are now expecting production to come in closer to the five-year average than initially predicted. Recent weather issues could also further impact the quality of product still sitting in the field, although the full effect has yet to be seen. For #2 yellow peas, bids are currently around $8.00/bu picked up on farm in many areas, with some buyers willing to show a premium for non-glyphosate. Green peas are seeing bids around $9.00/bu delivered to plant or $8.00-$8.50/bu picked up on farm depending on freight costs. Maple peas have recently traded around $10.00/bu delivered for certain varieties. Grower offers and targets remain an effective way to try and capture a premium in today’s market, as buyers are actively looking for product. Talk to your merchant about finding a price tailored to your farm and marketing needs.

Lentil trade has slowly started to pick up over the past week, with red lentils seeing the most activity, followed by small greens and then large greens. Prices are beginning to strengthen as poor weather impacts the quality of crops still sitting in the field. Red lentils are currently trading around $0.25-0.26/lb delivered, with large green lentil targets triggering at $0.26/lb FOB. Small greens are trading around $0.22/lb delivered, while French green lentils traded at $0.23/lb FOB farm last week. Buyers appear most interested in purchasing 2026 product that is already in the bin and available on firm offer. If poor weather conditions continue across the Prairies, we could see the price gap between 2025 and 2026 crop narrow or disappear altogether, as last year’s production may ultimately look better than some of this year’s crop.

Oat markets remain quiet, with relatively little product being offered at the moment. Prices continue to trade sideways, with lower-quality oats around $2.50-$2.75/bu for September-October delivery. Milling-quality oats are closer to $3.50/bu FOB farm, although movement is generally pushed into the new year. There isn’t much being offered for quick movement right now. The main questions coming from buyers this week are how much product is already in the bin, what the quality of that product looks like, and what quality will look like on oats still in the field following this weekend’s rain. As harvest progresses, having your specs in hand will be increasingly important for identifying the right marketing opportunities.

The global wheat market has turned more supportive for Canadian growers this week, as ongoing Black Sea disruptions push major importers toward alternative suppliers and provide strength to world wheat prices. At the same time, Prairie harvest delays and wet weather are creating uncertainty around Canadian wheat quality, which could tighten supplies of premium milling wheat and potentially strengthen premiums for good-quality CWRS and durum. Strong early Canadian export demand is providing additional support, although a larger Australian crop remains a source of competition. Overall, the combination of Black Sea supply disruptions, strong export demand, and Canadian quality concerns is supportive for wheat prices, but the market remains volatile and could retreat quickly if Black Sea shipments normalize or competing supplies increase. Bids are currently floating around $8.50-$9.00/bu delivered depending on movement for #1 CWRS with 13.5% protein, while milling durum indications are around $7.50-$8.00/bu. Quality and final production remain significant variables across all wheat classes.

Mustard prices remain relatively stable, with perhaps a slight move higher after heavy rains hit much of the province while a significant amount of mustard remains in the field. Harvest has been progressing somewhat slowly, so the market will be watching closely to see what impact the latest moisture has on quality. Prices may be inching slightly higher, but there isn’t enough movement yet to call it a trend. Current values vary depending on shipment timing, with stronger prices generally available for those willing to wait longer for movement. Yellow mustard is trading in the $0.37-$0.40/lb range, brown around $0.35-$0.37/lb, and oriental around $0.38-$0.39/lb picked up on farm. Lower-grade mustard remains tradeable as well, so let us know what you have and give us a call with firm offers on any grade.

Rayglen Market Comments are for informational purposes only. Rayglen Commodities and its agents or employees shall not be liable for any loss or damage suffered by any person as a result of reliance on any of the contents contained within these products, whether such loss or damage arises from negligence or misrepresentation or any act or omission of its agents or employees.

Barley markets continue show decent values for growers looking to lock in tonnage. Feed barley indications currently range from $4.90-$5.20/bu FOB farm depending on location and delivery timeframe. Stronger may be available for those closer to feedlot alley and willing to hold product into the winter months. With recent rains across the Prairies and mixed reports of some barley coming off with lighter test weights, we could also see a portion of the 2026 crop originally intended for malt make its way into the feed market. Sitting on feed barley expecting a major rally in the near future likely isn’t the play today, especially if additional malt acres end up adding to feed supplies. Switching over to malt, it comes as no surprise that maltsters remain fairly tight-lipped, making firm bids difficult to come by. Having your specs and quality in hand could go a long way toward capturing a value at farm. As always, our target system at Rayglen continues to grab buyer attention, so putting a firm offer out there may be worth considering.

Oat markets remain relatively quiet this week, which isn’t uncommon for this time of year. There are some indications for milling oats around $3.50/bu FOB farm range, although these bids generally carry a wider shipping window and are likely pushed further into the fall. As usual, values improve for those willing to hold into 2027. Moving oats directly off the combine can be challenging, as many mills are able to cover their nearby requirements through new crop contracts. That being said, opportunities do surface throughout the year, so if you have a target in mind, posting a firm offer may be a good way to grab buyer attention. Feed buyers are also consistently looking for tonnage, but values can vary considerably depending on location and quality. Give us a call and let us do the work to find the best value available to your farm.

Mustard harvest is off to a slower start, but based on seeded acres and average yield expectations, analysts estimate yellow mustard production could be down roughly 33% compared to last year. Brown and oriental mustard production, on the other hand, is expected to be higher in 2026. With only approximately 2% of Saskatchewan’s mustard harvest complete, these production estimates could still change considerably as more combines get rolling. Current prices vary depending on shipment timeline. Yellow mustard ranges from $0.37-$0.40/lb, brown from $0.34-$0.36/lb, and oriental from $0.37-$0.38/lb picked up on farm. Opportunities also remain for lower-grade mustard. While we don’t yet have a clear picture of 2026 crop quality, the market continues to work through off-grade product from 2025. If we do see any seasonal strength develop, yellow mustard appears to have the best opportunity given the reduction in seeded acres.

U.S. soybean prices have rallied on declining crop conditions, with Chinese demand providing additional support even as harvest progress remains ahead of normal. Corn and soybean demand continues to face some headwinds from EPA biofuel waivers, while sharply higher crude oil and diesel prices are providing support across agricultural commodity markets. Local soybean bids are currently sitting between $15.00-$15.25/bu FOB farm for nearby movement. The coloured edible bean market is entering harvest with a supportive tone, as reduced black and pinto bean acreage points toward tighter new crop supplies. Lower faba bean acreage and consistent export demand are also supportive, although ample Australian supplies continue to limit upside potential, particularly for fabas. Current faba bean bids are approximately $8.00/bu for #2 export-quality product and $7.50/bu FOB farm for feed-grade beans.

Chickpea markets remain relatively steady for another week as harvest continues and producers focus on creating bin space for more fluid crops. Australian growing conditions have faced challenges from both precipitation and heat, raising some concerns around production potential. Buyers continue to show the most interest in larger-sized chickpeas, with some requesting longer-term offers at higher target levels in hopes of finding better-valued markets down the road. The U.S. remains the primary buyer of Canadian chickpeas, although that market carries some uncertainty as the cross-border trade relationship continues to develop. There have been plenty of inquiries for cross-border sales, but relatively little actual business getting done. Recent Canadian trades have ranged from $0.24-$0.27/lb FOB farm for #2 quality across a variety of sizing specifications, making it important to know your product before putting it on the market. Sample-grade chickpeas continue to trade around $0.10/lb FOB farm.

Canaryseed remains stuck in its current trading range, with contracts taking place around $0.18-$0.19/lb FOB farm at the upper end. The $0.19/lb mark can be difficult to achieve, so putting out a firm offer may be the best way to try and capture that value. Buyers appear comfortable at current levels, picking up a few loads here and there without showing much urgency. Canadian production is forecast to be down significantly, but the sizeable carryover remains the fly in the ointment and continues to keep prices relatively flat. For growers looking to create bin space, it may be worth putting an offer into the market and seeing if quicker movement can be secured, particularly if canaryseed continues trading sideways for the foreseeable future.

Wheat futures have traded mostly sideways this week following a strong run over the past couple of weeks. Much of the recent strength has come from continued issues getting product to market out of the Black Sea region, along with declining stocks among some major wheat exporters. However, much of the gain in futures has been offset by buyers widening basis levels as the market climbs, meaning local cash bids haven’t looked quite as attractive as the futures market might suggest. We have seen some improvement, with CWRS bids moving into the high $8.00/bu range delivered and, in some cases, reaching $9.00/bu for #1 CWRS with 13.5% protein for winter movement. CPS red prices have also pushed higher, reaching around $8.25/bu delivered for December movement. Feed wheat continues to trade in the $6.00-$7.00/bu FOB farm range depending on location. Recent rains have also created some concern in certain areas around the quality of unharvested wheat still sitting in the field, which will be something to watch as harvest progresses. Durum bids remain difficult to come by as demand is virtually nonexistent, with buyers largely sitting on their hands for the time being. Market indications are still showing values around $7.50/bu delivered for #1 quality durum.

Yellow pea markets appear to be showing a little more interest this week, while the other pea varieties remain relatively quiet. Yellow peas have traded as high as $8.00/bu FOB farm for September movement sparking some selling interest, while green peas remain priced in the $8.00-$8.50/bu FOB farm range. Maple pea markets remain generally inactive with indications at $9.00-$9.50/bu FOB farm, but similar to greens, sellers aren’t showing much interest at these levels. Early reports suggest yellow pea production may come in below expectations, with some estimates indicating yields could be 4-5 bu/ac lower than initially predicted. Yellow pea prices in India have also started to strengthen over the past few weeks, adding some support to the market. It remains uncertain whether this increased interest will spill over into the other pea classes or if yellow peas will find themselves on their own little price island for the 2026/27 crop year.

Local lentil harvest was reported at 48% complete by the Saskatchewan Crop Report as of August 24, with further delays expected following a weekend of rain across a large portion of the province. Globally, India’s monsoon has been disappointing, with reports showing rainfall between June 1 and August 31 approximately 13% below normal. Depending on September rainfall, a shortfall in pulse production could position India as a significant importer. Markets will be keeping a close eye on Indian government reports expected at the end of October for final planting numbers and harvest results to get a clearer picture of the country’s lentil production. Locally, large green lentils are trading in the $0.23-$0.25/lb FOB farm range depending on quality and location. Large greens grading #1/X2 appear to be attracting the most interest around $0.26/lb delivered, although #2 product with the right shipping window has also caught buyer attention at similar levels in some areas. #1 small greens are trading around $0.19-$0.21/lb FOB farm, with lower-grade markets ranging from $0.13-$0.15/lb. For both large and small green lentils, some buyers are offering a slight premium for 2026 production over 2025 crop. #2 red lentils continue to trade around $0.23/lb FOB farm, with quick shipping opportunities available. Medium green lentils in the U.S. continue to attract interest around $0.14-$0.15/lb USD FOB farm, while French green lentils are trading around $0.21-$0.22/lb FOB farm. With variable harvest weather continuing, make sure to submit your lentil samples so you know exactly what you have when the right marketing opportunity comes along.

Recent rains have created additional harvest challenges, potentially delaying brown flax movement and leaving the crop in the field a little longer. With flax acres already down in Canada and what appears to be a smaller U.S. crop as well, further harvest delays aren’t ideal for the market. Flax production is expected to decline from last year’s levels, although prices remain relatively stagnant amid continued export challenges for Canadian product. In recent years, increased supplies from Russia and Kazakhstan have taken market share away from Canada, reducing global reliance on Canadian flax and adding further pressure to export demand. Current brown flax values are trading in the $15.00-$17.00/bu FOB farm range depending on location and shipping window, with the stronger end of the range generally tied to deferred movement extending several months into the new year.

The canola roller coaster continues, with prices pulling back today following a strong rally that pushed contracts to yearly highs. Escalated fighting and military strikes between the U.S. and Iran have triggered significant gains in crude oil prices, while continued volatility surrounding the Russia-Ukraine war remains disruptive to alternative sunflower oil and grain shipments. Together, these factors have tightened the global vegetable oil complex and continue to provide underlying support for canola demand. Despite that support, futures were down more than $16/MT at the time of writing, with November trading around $825.70/MT and January around $836/MT. Local cash bids remain historically strong and are attracting grower attention, particularly for those looking to generate harvest cash flow while values for some of the more traditional commodities moved during harvest remain comparatively soft.

Rayglen Market Comments are for informational purposes only. Rayglen Commodities and its agents or employees shall not be liable for any loss or damage suffered by any person as a result of reliance on any of the contents contained within these products, whether such loss or damage arises from negligence or misrepresentation or any act or omission of its agents or employees.

Flax production is expected to be lower compared to last year, but prices remain fairly stagnant due to ongoing export challenges for Canadian product. Brown flax values are currently indicated between $15.00-$17.00/bu FOB pending location and shipping window. The U.S. could be facing a smaller flax crop than originally reported in June, which may create some additional import demand. However, Russia and Kazakhstan remain Canada’s biggest competition, accounting for roughly three-quarters of the flax moving into China since October 2025. Chinese imports have declined somewhat as elevated inventories remain in warehouses, while Kazakhstan is expected to continue dominating the European market into 2026/27. Even with Canadian flax trading at a discount, it may not be enough to generate a significant increase in exports to the U.S. With ample global competition and softer import demand, rallies in nearby flax prices are likely to remain limited.

Canadian chickpea discussions are focused on expectations for lower production this year, but the abundance of carryover from previous crops continues to be the grey cloud hanging over the market. Current estimates point toward total 2026/27 Canadian supply of roughly 650,000 tonnes. To put that into perspective, Canada went from producing approximately 75,000-160,000 tonnes annually for several years to 287,000 tonnes in 2024 and 482,000 tonnes in 2025, representing a dramatic shift in available supply. As prices declined in 2024, farmer selling slowed, leaving significant stocks in the bin. Globally, weather concerns in South Asia tied to El Niño and shipping issues out of Russia could generate renewed interest in smaller-calibre North American chickpeas. U.S. production is also being reported roughly 27% below earlier expectations, although final production numbers could still change. Pakistan continues to import chickpeas at a record pace, with Russia and Australia supplying much of that demand. A smaller Australian crop combined with Russian logistical challenges could potentially open the door for additional Canadian business. Despite these supportive possibilities, bids have shown little strength so far as the sheer amount of available supply continues to outweigh any urgency from buyers.

The canola market has tapered slightly from yesterday’s gains, pressured by weakness across competing vegetable oil markets. Despite the pullback, values remain very strong compared to this time last year, with prices currently more than 21% higher. For growers fortunate enough to have nearby movement available, current pricing continues to offer some attractive opportunities. Basis levels vary considerably by location and delivery period, with some quicker shipping opportunities around $788/MT for early September movement. The difference between Eastern and Western Saskatchewan can also be significant, with October bids showing spreads of more than $1.25/bu between some locations. At the time of writing, November futures are sitting around $788/MT, while January futures are approaching the $800/MT mark at $797.90/MT. Looking further out, some September delivery bids are now pushing above $16.50/bu, highlighting the strength still available in the current market.

Barley values are currently ranging from $4.50-$5.25/bu FOB farm for September-October movement, with values improving somewhat as delivery is pushed further into the winter months. Reports of stronger yields are beginning to come in, although lighter test weight barley is also showing up in some early harvest reports. The malt market remains quiet for now, but if lighter-weight barley becomes a more widespread issue as harvest progresses, malt buyers could become more active as they look to secure suitable-quality product. For the time being, quality and actual harvest results will be important to watch as more barley comes off across the Prairies.

The oat market remains relatively quiet, with values continuing to trade sideways as new crop harvest approaches. Delivered bids are currently around $4.00-$4.25/bu for November and later movement, while picked-up values in Central Saskatchewan are closer to $3.00-$3.25/bu FOB farm for good-quality #2 CW oats, with discounts applied to lighter test weight. With little in the way of a clear catalyst to push prices higher, growers may find more attractive opportunities by looking further out, particularly into 2027. As harvest gets underway, having quality specifications available early will be important for identifying marketing opportunities and making timely decisions as new crop comes off.

Canaryseed markets continue to see buyers purchasing hand-to-mouth rather than building any significant inventory, keeping the market stuck in the same monotone trading pattern. Top quality remains essential, making samples an important part of securing any firm trade. While Canadian production is expected to be smaller this harvest, the sizeable carryover continues to dominate the overall supply picture. As producers weigh logistics and look to free up bin space, canaryseed values have shown very little movement. Current opportunities remain around $0.18/lb FOB farm for September-October movement, with sellers showing little enthusiasm at these levels. Bottom line, the canaryseed market remains boring and appears destined to stay on repeat for the foreseeable future.

Pea bids haven’t moved much this week, although buyer interest has firmed slightly, with bids around $8.00/bu delivered to plant for #2 quality yellow peas. Of course, most growers would like to see $8.00/bu picked up on farm to get things started, but that’s the age-old disconnect between buyers and sellers, so nothing new there. Green peas continue to see a few buyers showing around $9.00/bu delivered into select locations in Northern Saskatchewan, with some interest also coming from Alberta for low-bleach #2 quality. The biggest disconnect in the green pea market is the movement window, as most sellers are looking for trucks now to free up bin space, while many buyers are pushing delivery to at least October, if not closer to Christmas. Maple peas have softened slightly after some sales around the $10.00/bu range filled available shipping opportunities, leaving buyers a little quieter. Market chatter suggests China has secured much of its nearby maple pea requirements, which could keep the market subdued for a while, although we will see how things unfold. For now, buyers remain selective on variety, and if you are growing an older type, knowing your approximate seed size could help when exploring marketing opportunities.

Expectations for a large U.S. soybean crop continue to limit upside potential, although solid demand and some deterioration in crop ratings have provided support to the soy complex, particularly soymeal. Weather conditions remain generally favourable for crop development, while continued Chinese purchases of U.S. soybeans are providing some underlying strength to the market. Local soybean bids are currently sitting between $13.00-$13.25/bu FOB farm for nearby movement. The edible bean market remains relatively well supported heading into harvest, with reduced black and pinto bean acreage tightening the new crop supply outlook. Coloured bean bids have shown the most improvement, while lower faba bean acreage and steady export movement are also providing support. Ample Australian supplies remain the main counterweight, particularly in the faba bean market. Current faba bids are around $8.00/bu for #2 export-quality product and approximately $7.50/bu FOB farm for feed-grade beans.

Wheat is trading in the green early Wednesday morning, with support coming from continued trade issues in the Black Sea region along with production risks across the globe. As of early last week, Canada’s wheat harvest remained less than 5% complete, leaving markets waiting for more yield and quality results to come in. In the U.S., the spring wheat harvest is more than 60% complete, with yields being reported as average to above average. The EU’s durum crop is expected to be significantly smaller than last year, although stronger production in some importing countries could limit overall demand. Local feed wheat prices range from $6.00-$7.00/bu FOB farm depending on location, wheat class, and quality, with some buyers looking for prompt movement on hard red wheat. In Central Saskatchewan, CPSR is trading around $7.65/bu delivered for September, with monthly carry pushing values to $7.85/bu by December. CWRS and soft white delivered into Central Saskatchewan are trading around $8.40-$8.60/bu and $7.50/bu, respectively. Durum continues to see light trade, with #2 or better pricing around $7.25-$7.50/bu delivered and lower-grade opportunities available depending on specifications. Rye has also been attracting more feed buyer interest lately, with trades around $5.00/bu FOB farm in Western Saskatchewan.

Lentil markets remain quiet for another week, with limited trade taking place and much of the activity involving 2025 production. Sellers appear willing to hold onto lentils for now in hopes of seeing some price improvement. We haven’t received many new crop samples at the office yet, so there isn’t enough information to get a clear picture of this year’s overall quality. Early yield reports vary considerably, even within individual farms, let alone between different growing regions. Based on the reports received so far, Saskatchewan could be looking at a slightly below-average crop size. Large greens have traded around $0.23/lb FOB farm for #2 quality, although 2025 crop may face some discounts. #1 small greens are trading between $0.16-0.19/lb FOB farm pending production year, while red lentils have traded as high as $0.235/lb FOB farm. For now, markets are expected to remain relatively stable over at least the next 90 days.

Not much to report on mustard prices this week as the market continues to trade sideways. Yield reports have been coming in fairly steadily, and results appear to be around average overall. The big mustard stands seen earlier in the growing season haven’t necessarily translated into big yields as harvest progresses. Buyers remain quiet, and overall demand continues to be limited, with buyers and sellers doing just enough business to keep some loads moving. Current bids are sitting in the $0.36-$0.37/lb range for yellow mustard, while oriental is around $0.37/lb for later movement. Brown mustard may still trade around $0.35/lb, with the possibility of reaching $0.36/lb for those willing to take a later pickup window. Give us a call for movement options. Off-grade mustard can still find a home in this market, particularly yellow again this week.

Rayglen Market Comments are for informational purposes only. Rayglen Commodities and its agents or employees shall not be liable for any loss or damage suffered by any person as a result of reliance on any of the contents contained within these products, whether such loss or damage arises from negligence or misrepresentation or any act or omission of its agents or employees.

Canaryseed markets show a flicker of life this week, as some buyers come to the table offering prompt movement. Quality needs to be strong, but opportunities to make sales are still available and around $0.18/lb FOB farm for September-October movement. Although seeded acres were likely down from previous years, the sizeable carryover pushing into the 2026 crop year should still be enough to keep the supply-and-demand balance comfortable. Getting some old crop sold at current values and freeing up bin space for the 2026 crop may make sense today. Firm offers and targets continue to grab buyer attention, so if you have a number in mind, putting it in front of the market could generate some interest.

Barley continues to feel harvest pressure, with values for prompt movement beginning to pull back. Current bids are indicated in the $4.25-$4.75/bu FOB farm range for September-October movement, which still isn’t a bad value for those looking for quicker shipping opportunities. We continue to see some barley quoted at $5.00/bu or better for growers able to hold off until the winter months or even into 2027. Early reports from this year’s harvest suggest we could be headed for another year with plenty of feed barley available, which may continue to weigh on nearby values. Switching over to malt, the market remains extremely quiet. Finding a firm bid or even establishing a realistic target has become difficult, but if you have malt barley you’re looking to move, putting the quality in front of buyers may be the best way to generate some interest.

Lentil harvest is still in the early stages, with yield reports generally coming in around average. Buyers remain quiet on pricing as sizeable old crop carryover continues to weigh on the market, despite yields coming in slightly below earlier expectations in some areas. We are already seeing discounts applied to 2025 crop as buyers turn their attention toward potentially better-quality 2026 production, particularly in the small green market. Old crop red lentils are trading around $0.22-$0.23/lb picked up, while old crop large greens range from $0.22-$0.24/lb FOB. The higher end of that range is based on a maximum 1% stain specification. Small green bids range from approximately $0.17/lb FOB farm for 2025 product to $0.19/lb FOB farm for 2026 crop. Australia has received favourable rainfall, which should help support its red lentil production this season. India’s monsoon will also remain an important variable to watch, as rainfall returns closer to average levels. How both international crops develop will likely play a significant role in determining whether the Canadian lentil market sees any meaningful rebound.

Pea harvest is underway, with analysts expecting average yields, resulting lower overall production compared to last year. Based on Statistics Canada’s acreage numbers by pea type, current estimates suggest yellow pea production could be down roughly 30%, with green peas down around 26%, while other classes are expected to remain relatively unchanged. Despite strong exports, sizeable carryover stocks of green peas and other classes continue to keep overall supplies comfortable. This is reflected in green pea pricing, which remains stagnant around $9.00/bu delivered for a maximum 3% bleach specification. Yellow peas could have a somewhat tighter outlook, as continued strong exports have the potential to reduce ending stocks through the 2026/27 crop year. There are currently some prompt movement opportunities for yellow peas around $8.00/bu delivered. Prices are likely to remain relatively sideways through harvest as the market waits for a clearer picture of actual yields and quality. Maple pea pricing continues to vary depending on variety, with buying opportunities appearing sporadically, so it’s best to call your merchant to see what options are available.

Soybeans found some buying support following Tuesday’s pullback, helped by stronger energy markets, weather concerns, and continued Chinese demand. U.S. crop conditions remain generally steady, although ongoing weather uncertainty continues to provide some underlying support. Local bids are currently ranging from $13.00-$13.50/bu FOB farm for nearby movement. Reduced 2026 edible bean plantings, led by lower black and pinto bean acreage, are helping support the market heading into harvest. New crop bids continue to firm, with coloured beans showing the most strength. Faba bean acreage is also down sharply, while solid export movement continues to provide some support. However, large Australian supplies remain a headwind for the global market. Current faba bean bids are around $8.00/bu for #2 export-quality product and approximately $7.50/bu FOB farm for feed-grade beans.

The oat market continues to tread water, with little movement expected as new crop approaches harvest. Delivered bids are currently in the $4.00-$4.25/bu range for November and later movement, while picked-up values in Central Saskatchewan are closer to $3.00-$3.25/bu FOB farm for good-quality #2 CW oats, with discounts applied to lighter-weight product. With the market lacking a clear catalyst for a significant rally, growers may find better pricing opportunities further out, particularly into 2027. As harvest gets underway, having quality specifications in hand early will be important for identifying opportunities and making timely marketing decisions.

Wheat markets haven’t moved much this week, as local harvest progress was slowed by weather delays and the global supply outlook continues to deal with many of the same issues seen in recent weeks. One positive development has been Kansas City wheat futures pushing to a two-year high as challenges facing major exporters persist, particularly as Russian and Ukrainian grain continues to look for alternative routes to reach the market. We have had plenty of growers asking about durum prices lately, but buyers remain hesitant to put firm values forward as demand is still uncertain. Let us know what you have, or expect to have, so we can stay on top of opportunities as bids return to the market. Feed wheat continues to trade in the $6.00-$7.00/bu FOB farm range depending on location, with freight costs remaining a significant part of the pricing equation.

Canola suffered losses on Tuesday but rebounded strongly on Wednesday. November futures are up nearly $19/MT at $824.60/MT at the time of writing, with January and March also posting gains at $833.10/MT and $838.70/MT, respectively. Vegetable oil and meal markets were stronger Wednesday morning, with additional support coming from gains in crude oil. Canola is also finding strength from expectations that palm oil production could be reduced due to the effects of El Niño-related drought, while continued tensions in the Middle East are providing further support. Locally, Eastern Saskatchewan is seeing strong values ranging from $18.30-$18.75/bu delivered plant, heavily dependent on the shipping window from September through May. Northwestern Saskatchewan is seeing delivered bids around $18.25/bu for immediate movement, while September through March values range from $17.00-$18.45/bu, with stronger carry available in the later delivery months. For off-spec or heated canola, or to firm up an FOB farm price, give your merchant a call.

Mustard remains relatively stable as early harvest reports begin to roll in. Yields appear fairly average in some areas, with late-season heat potentially having an impact on what had been a strong-looking crop earlier. So far, it’s a bit of a mixed bag depending on the area, with some reports better than others. We should get a clearer picture as harvest progresses. Buyers remain fairly quiet, and overall demand continues to be slow. Current bids are sitting in the $0.36-$0.37/lb range for both yellow and oriental mustard. Brown mustard may still trade around $0.35/lb picked up on farm, although that value is becoming harder to find, with $0.34/lb potentially a more realistic target. Prompt movement may also be difficult to secure as buyers work through production contracts. If you have off-grade mustard in the bin, we will continue to hunt for a market, particularly for yellow again this week.

Flax markets are quiet again this week, with buyers patiently waiting for new crop to be harvested. Currently, there is very little pricing available on either brown or yellow flax, although one buyer has indicated $19.00/bu FOB farm for yellow flax and $15.00/bu FOB farm for brown. Buyers are telling us there has been limited overseas interest in purchasing as of late, with the trade seemingly waiting to see what new crop quality and yields look like before becoming more active. When it comes to yellow flax, buyers appear to have much of their nearby needs covered through production contracts and may not need to step back into the market for additional product until later in the fall.

Chickpea prices remain stable for another week and will likely stay that way until new crop product begins hitting the bin. The most recent trade was at $0.25/lb FOB farm for #2 quality with a maximum 10% 7mm sizing. Sample-grade chickpeas continue to trade around $0.10/lb FOB farm. Currently, buyers are holding off on purchasing much new crop as they wait to see how overall size and yields develop this year. Interest appears to be strongest for larger-sized chickpeas, unsurprisingly, and the market should have an appetite for good #2 quality once harvest gets underway. Lower-quality chickpeas, however, could remain difficult to move as there is still a fair amount of off-grade product working its way through the system.

Rayglen Market Comments are for informational purposes only. Rayglen Commodities and its agents or employees shall not be liable for any loss or damage suffered by any person as a result of reliance on any of the contents contained within these products, whether such loss or damage arises from negligence or misrepresentation or any act or omission of its agents or employees.

Mustard remains mostly sideways as we move closer to harvest, with yield reports expected to start trickling in over the next couple of weeks. Buyer demand remains quiet, and it appears we are nearing the end of new crop contracting opportunities that include an Act of God. The market could shift somewhat once actual yield reports begin coming in, although there aren’t many major surprises expected at this point. The biggest question will be how the recent stretch of heat has affected yields. Current bids are sitting in the $0.36-$0.37/lb range for yellow and oriental mustard. Brown mustard may still trade around $0.35/lb, although movement could be pushed further out. Prompt movement is becoming increasingly difficult to find in the current market. If you still have off-grade mustard in the bin, give us a call, as we may be able to find a home, particularly for yellow mustard this week.

The pea market remains similar to last week, with the typical seasonal slowdown in demand continuing as harvest begins in some areas. Old and new crop yellow peas are indicated around $8.00/bu delivered, while old and new crop green peas are sitting near $9.00/bu delivered. Maple peas remain particularly quiet, with bids around $10.00/bu delivered depending on variety. Harvest is slowly getting underway, but there is still limited information available on actual yields and quality. The coming weeks should provide a clearer picture of the crop, while the market will also be watching for increased demand from China and more buyers returning to the market.

Flax prices have continued to trade sideways over the past week, with buying interest remaining on the softer side. Current bids are being indicated between $14.50-$15.00/bu FOB farm. Crop condition reports remain positive for the time being, but reports out of China suggest warehouses are well stocked, which could help explain why Canadian exports slowed considerably in June. Looking into the upcoming crop year, Kazakhstan is expected to remain a strong competitor with ample supplies, while Russian flax continues to capture its share of the global market. North American supplies for 2026/27 are expected to be more than adequate, meaning Canadian flax will need to remain competitive to maintain strong export movement. Yellow flax buying has also been quiet lately, making firm offers potentially one of the better ways to generate buyer interest.

Oat prices have seen very little change over the past couple of months, and that trend is unlikely to shift significantly as new crop approaches. Delivered bids are currently in the $4.00-$4.25/bu range for November or later movement, while picked-up values in central Saskatchewan are closer to $3.00-$3.25/bu FOB farm for good-quality #2 CW oats. Discounts will apply to lighter-weight product. If the market does show enough strength to gain another $0.15/bu or so, analysts suggest growers consider making some sales. Looking further into 2027 may be a more realistic opportunity to capture stronger values. As always, once harvest begins, getting your quality specs early will make marketing the crop much easier.

Soybeans saw some corrective buying overnight, supported by stronger wheat and crude oil prices, along with expectations for slightly tighter U.S. supplies in the upcoming USDA report. More broadly, improving Chinese demand and renewed export purchases are lending support, although favourable weather across the U.S. Midwest continues to limit upside potential. Local bids are currently ranging from $12.15-$13.00/bu FOB farm for nearby movement. Lower 2026 edible bean acreage, particularly for black and pinto beans, is providing some support as harvest approaches. New crop bids have been firming, with the strongest upside currently showing in coloured beans. Canadian faba bean acreage is down another 25%, while strong export movement is helping offset some of the production decline. However, ample Australian supplies continue to cap the global market. Current faba bean bids are around $8.00/bu for #2 export-quality product and approximately $7.50/bu FOB farm for feed-grade beans.

Chickpea crop conditions across Saskatchewan and Alberta remain strong, with yields currently expected to come in above average at around 26 bu/acre. Production in both domestic and global markets was expected to decline this year, but record carryover stocks continue to keep prices relatively flat in Pakistan, Turkey, and India. North American bids have softened somewhat as harvest gets underway, although buyers continue to show interest in larger-sized chickpeas. Overall bids remain largely unchanged this week. Feed chickpea movement was also limited over the past week, with ample supply remaining the biggest factor weighing on the market. Feed buyers indicate they are well covered, leaving little demand for either immediate or longer-term supply. Feed chickpeas continue to be valued around $0.10/lb FOB farm.

Barley prices are beginning to feel harvest pressure as combines start rolling across many southern and western growing regions and producer selling picks up. Growers looking for quicker movement are generally seeing softer values, while those willing to push delivery into December can still find bids around $5.00/bu picked up on farm in many areas. Values remain stronger closer to feedlot alley and somewhat weaker, farther north and east. Canadian barley exports are expected to decline due to lower production, with similar production declines anticipated across several other major barley-exporting countries. This could provide some underlying price support as we move into the winter months. Malt barley bids remain very quiet for the time being.

Canola markets experienced plenty of volatility over the past week as outside market pressure competed with steady domestic support. The November 2026 futures contract traded between $786.30 and $794.40/MT, roughly 19% higher than the same time last year. Daily swings were heavily influenced by speculative trading ahead of mid-week global supply data, with early gains quickly erased at times by weakness in Chicago soyoil. Strong domestic crush margins continue to provide underlying support, while volatility in crude oil tied to geopolitical tensions has also helped establish a floor under the market. On the other side, a stronger Canadian dollar, has created a headwind for Canadian exports. Crop conditions across the western Prairies remain generally favourable, with moderate weather limiting any significant weather premium in futures. In Manitoba, canola continues to advance through podding shifting more attention toward harvest and actual yield results.

Wheat markets continue to follow the same theme as recent weeks, with ongoing Black Sea disruptions providing support. Restrictions in the Sea of Azov have both Russia and Ukraine working to develop alternative trade routes to maintain grain shipments. While product will continue to move out of the region, alternative routes take time to establish and may not be able to handle the same capacity. Closer to home, the Canadian wheat harvest is nearing or already underway in some areas. Limited moisture throughout July across a number of Prairie regions may have affected grain fill and quality, so don’t hesitate to get samples into our office for grading as you prepare to market new crop. Current pricing includes CWRS 13.5% protein at $7.55/bu delivered into Central Saskatchewan for September movement, with carry pushing values to $7.90-$8.05/bu for October through December delivery. Soft white wheat delivered into Central Saskatchewan is trading around $6.90-$6.95/bu, while CPSR ranges from $6.80-$7.30/bu delivered for September through December, with the stronger values available in the later delivery months. In Northwest Saskatchewan, most wheat classes are seeing delivered bids around $7.60-$7.70/bu for October through December movement. For other wheat classes or lower-quality specifications, give your merchant a call.

Canaryseed markets have remained relatively unchanged in recent weeks as we move into harvest season. Buyers continue to indicate around $0.18/lb FOB farm for fall delivery. As of late July, canaryseed crops have handled weather conditions well, with Sask Ag rating 81% of the crop good to excellent. With a sizeable carryover and expectations for strong yield potential, buyers currently have little incentive to push bids higher despite fewer seeded acres this year. The market will be looking for a strong export program to help work through existing supplies and provide some support moving forward. For those looking to move old crop, there may still be opportunities for August through September, so give your merchant a call to firm up an FOB farm price in your area.

Harvest is underway across many lentil-growing regions, with early yields coming in slightly softer due to July dryness and some disease pressure. Red lentil production is expected to outperform greens in 2026, supporting stronger export volumes. Australian red lentil production estimates also remain strong, putting combined Canadian and Australian production at roughly 4 million tonnes. Canadian ending stocks are expected to decline from last year’s levels, although green lentil stocks remain relatively high while red lentil supplies move toward more balanced levels. Canadian bids continue to trade mostly sideways, with heavy old crop carryover and new crop selling keeping buyers well supplied. Even with softer yields, prices may be slow to react given the ample inventories still available. Once harvest selling pressure begins to ease, we could see a seasonal bounce, although that will depend heavily on the progression of India’s planting season. So far, monsoon rainfall has been below normal across most regions. Current pricing includes #2 large greens at $0.22-$0.23/lb picked up on farm, #1 small greens at $0.17-$0.18/lb picked up for August-September movement, and #2 reds at $0.22-$0.23/lb picked up, with some August shipping still available.

Rayglen Market Comments are for informational purposes only. Rayglen Commodities and its agents or employees shall not be liable for any loss or damage suffered by any person as a result of reliance on any of the contents contained within these products, whether such loss or damage arises from negligence or misrepresentation or any act or omission of its agents or employees.

Flax markets remain quiet, with very little trade taking place. Buyers appear comfortable with their current coverage as they work through existing contracts ahead of harvest. Spot bids for #1 milling-quality flax are being indicated around $15.00/bu FOB farm, although firm bids remain few and far between. New crop demand is virtually nonexistent at this point. Growers are encouraged to post realistic firm targets, as this may help generate buyer interest and secure a contract.

Mustard markets remain unchanged from last week. Growers continue to trickle enough old crop into the pipeline to satisfy nearby buyer demand as harvest approaches, while a limited amount of new crop continues to be contracted, with some buyers still offering an Act of God clause. Current bids are ranging from $0.36-$0.37/lb for yellow and oriental mustard and $0.34-$0.35/lb for brown mustard on both old and new crop. Producers willing to commit to 2027 delivery windows may be able to capture a small premium on new crop contracts.

The lentil market remains much the same as last week. Harvest is underway in many areas, and buyers appear to be waiting for more concrete yield and quality reports before becoming more aggressive. Current pricing for #2 large green lentils is around $0.22-$0.23/lb picked up on farm. #1 small greens are trading at $0.17-$0.18/lb picked up, while #2 red lentils are bringing $0.21-$0.22/lb. For those still looking to clean out old crop bins, buyer space for August movement is beginning to fill, with some delivery windows now being pushed into late August and September.

Pea markets have been relatively quiet, which is typical for this time of year. Yellow peas are currently priced around $8.00/bu delivered, with picked-up bids generally ranging from $7.00-$7.50/bu. Green pea demand has been slow, with old crop indications also sitting around $7.00-$7.50/bu. On the new crop side, we continue to see opportunities around $9.00/bu delivered on a maximum 3% bleach specification. Maple pea activity has slowed considerably, as buyers wait to see how harvest unfolds. Current bids are generally ranging from $9.00-$10.00/bu picked up, depending on variety.

Canaryseed markets continue to be stuck in neutral, with very little happening to spark price movement over the past several months. Old crop bids remain around $0.18/lb FOB farm for August through September movement. There has been little to no new crop trade on new crop, although some indications show a slight premium. While not guaranteed, there may still be opportunities to secure Act of God contracts on the first few bushels while the crop remains in the field. Globally, buyers continue to purchase only what they need, as comfortable supplies and limited export demand keep the market well supplied. Here in Canada, buyers remain satisfied with current seeded acreage estimates and the sizeable carryover from previous years, leaving little incentive to push prices higher. Saskatchewan, which produces more than 90% of Canada’s canaryseed, continues to report generally favourable crop conditions, so attention is now turning toward yield potential and harvest quality. Unless weather creates unexpected issues before harvest, canaryseed prices are expected to remain steady to slightly weaker in the weeks ahead.

Chickpea markets were relatively quiet this week, with prices showing very little change. Globally, buyers continue to purchase only what they need, while favourable crop conditions across Canada and the United States are supporting expectations for adequate supplies. Steady demand from India continues to provide some support to the market, although it has not been enough to move prices higher. In Canada, #2 large Kabuli chickpeas continue to trade around $0.26/lb FOB farm, while feed-grade chickpeas are valued near $0.10/lb. Buyers remain focused on larger-sized chickpeas, with demand for smaller-sized product continuing to lag. Unless weather creates production issues or export demand strengthens, prices are expected to remain near current levels.

Soybean prices remain under pressure as timely August rainfall across the U.S. Midwest continues to improve crop prospects and reinforce expectations for a large harvest. Recent Chinese buying has provided some support, but weather remains the primary market driver, with downside risk likely to persist into harvest. Local bids are currently ranging from $12.25-$12.50/bu FOB farm for nearby movement. Dry bean crops in both Canada and the United States are looking promising overall, although a notable reduction in seeded acreage is expected to tighten supplies and help support black and pinto bean prices as harvest approaches. In Canada, faba bean production is projected to decline another 23% due to lower seeded acres. However, abundant Australian supplies continue to keep global prices in check, despite stronger-than-normal Canadian exports. Current bids remain around $8.00/bu for #2 export-quality faba beans and approximately $7.50/bu FOB farm for feed-grade product.

Canola crops across Western Canada continue to rate generally good, with timely rainfall supporting pod fill in many regions, although heat and moisture stress remain concerns in some areas. The market continues to find support from strong domestic crush demand and improved export movement, but expectations for a large new crop and ample supplies are limiting any significant rallies. Global vegetable oil markets, soybean direction, currency movement, and export demand will remain the key drivers as harvest approaches. Current values remain well supported but could come under pressure if harvest confirms above-average production. Local bids are currently ranging from $17.25-$18.00/bu for nearby delivery.

Barley bids have eased somewhat as harvest begins in Alberta, with additional supplies from the U.S. also entering the market and increasing feed grain availability. As a result, pricing has softened from recent highs. Current bids range from approximately $4.25-$5.30/bu FOB farm, with the strongest values generally found closer to feedlot alley. Market participants continue to monitor harvest progress and producer movement, but for now the overall tone remains steady despite the recent pullback.

Wheat markets are trading higher across the board, supported by ongoing drought concerns and continued disruptions to Black Sea shipping. Production among several major exporting countries is expected to decline, tightening global supplies, while weather risks and geopolitical tensions continue to add volatility to the market. If shipping disruptions in the Black Sea persist, prices could strengthen further in the months ahead. Canadian wheat crops continue to progress, with harvest now underway in some areas. Markets will be watching closely to see whether ongoing Black Sea issues create additional export opportunities for Canadian wheat during this crop year. Current pricing for #2 CWRS 13.5% protein is around $7.90/bu delivered into central Saskatchewan for September movement, with values strengthening by roughly $0.50/bu for December delivery. Feed wheat continues to trade between $6.00-$7.00/bu FOB farm, depending on location and quality.

The oat market continues to lack any major catalyst, with both buyers and sellers taking a patient approach as harvest draws closer. While seeded acres are lower than last year, comfortable carryover stocks and generally favourable crop conditions continue to keep the market well supplied. There are still some production concerns in northeastern Saskatchewan, but so far they have not been significant enough to outweigh the impact of the larger carryout. Current milling oat bids remain in the $3.50-$3.75/bu delivered range for nearby movement, with slightly stronger pricing available for deferred delivery. If you’re looking for an FOB farm bid, consider posting a firm target with us, as realistic offers continue to be one of the best ways to generate buyer interest.

Rayglen Market Comments are for informational purposes only. Rayglen Commodities and its agents or employees shall not be liable for any loss or damage suffered by any person as a result of reliance on any of the contents contained within these products, whether such loss or damage arises from negligence or misrepresentation or any act or omission of its agents or employees.