The canola market is holding steady, with some stronger values emerging after a week of mostly green in the futures market. Nearby May contracts currently show $674/MT, up $5/MT this morning with July slightly stronger at $680/MT.  While there’s still some fluctuation in the market, we haven’t seen any significant declines recently as markets recover from the initial shock of Chinese tariffs. Factoring local basis levels, bids currently sitting around $14.50-$15.00/bu delivered plant; decent numbers worth considering if you’re looking to make a sale. If you’re curious about specific to your area or to get a FOB farm bid, give us a call—we’re happy to run the numbers for you.

The canaryseed market remains largely unchanged from last week, though the spread between old and new crop bids is slowly narrowing as seeding nears. Old crop bids are sitting around $0.29–$0.30/lb picked up, though hitting the top end of that range is becoming more difficult. New crop bids may still fetch $0.28/lb picked up with an act of God, but demand has softening in recent weeks. Given canaryseed’s excellent storability, it’s always tricky to get a true read on remaining farm stocks, but with prices continuing to slip and an expected increase in planted acres, it suggests buyers feel reasonably comfortable with current and projected supply levels.

Flax continues to post strong values this week, with #1 brown flax holding in the $20/bu range with some areas attaining FOB farm trades at this level as buyers show a willingness to negotiate. Demand is solid, and while supply isn’t depleted, it is tight—helping to support these stronger prices. If you’re holding inventory, this might be a good opportunity to take advantage of current strength before it fades and spot pricing narrows to new crop levels. Seeded acres could tick up slightly from earlier projections, but there doesn’t appear to be a rush that would flood the market. Canada’s role in the global flax market has shrunk in recent years, so we’re more reactive to market signals than in the past. New crop pricing remains strong, with $17/bu FOB farm including an act of God available on the first 10 bushels of production—a solid opportunity to lock in some value and manage risk.

The oat market continues to trend sideways with little to no change in pricing. Current bids for summer shipment are sitting around $4.50/bu delivered, though trade activity remains light. There’s been a slight uptick in buyer interest for underweight oats over the past week – opening some opportunity for 36+ lbs product—reach out to us directly for pricing. New crop bids are generally in line with current spot values, with delivery windows now stretching well into 2026. While overall supply remains limited, demand is still lagging, keeping the market in a holding pattern. As the seeding season approaches, if you’re still looking for planting seed, we can help source high-quality certified oats to get your crop off to a strong start.

Mustard prices are also holding steady this week. Old crop yellow mustard remains in the $0.44–$0.45/lb range, while brown and oriental varieties are sitting around $0.34–$0.36/lb. New crop values are similar, with a possible cent premium for longer delivery windows. Although prices typically soften as we move into the summer months, the mustard market has been relatively stable, supported by controlled farmer selling. Analysts expect this sideways trend to continue as we head into the new crop year. Some slight upside potential exists due to anticipated lower seeded acres for the 2025/26 crop, and with market interference and ongoing uncertainties, seasonal patterns may not play a significant role for the remainder of 2025.

The struggle continues for green lentils this week. Buyer demand remains thin, and this continues to push prices lower. We’re watching closely for signs of a bottom, which would be a welcome shift, but so far there’s nothing to support that happening yet. Red lentils, meanwhile, remain flat. The going number this week is 33.5 cents per pound delivered. Offers at 33 cents FOB might be a smart move to try and trigger some interest. New crop red lentils are being booked today at 29 cents FOB farm with an Act of God. Putting out an offer at 30 cents could be a good strategy to get some tonnage on the books. Old crop large green lentils are sitting around 51 cents delivered, while new crop is trading at 40 to 42 cents per pound FOB farm with an Act of God. Small green lentils are seeing new crop trade in the 35-cent range, with old crop bids coming in around 45 cents per pound. All things considered, new crop lentils continue to pencil in quite well relative to other grains. If you’re still looking for seed—whether green or red—give us a call and we’ll do our best to help source what you need.

Pea markets remain generally unchanged this week with buyers currently looking for small volumes to meet their needs. This leaves little interest in large tonnage trades, though firm offers with some time may prove successful. Yellow peas are holding steady at $9.50–$10.00 FOB farm, depending on movement and location, while new crop bids range between $9.00–$10.00/bu FOB with an AOG. The latter is seen mainly in southeast Saskatchewan for a specialty protein market for growers who meet certain requirements – call for details! Green peas have seen a bit of renewed interest, with $16.50 FOB trading for limited tonnes earlier in the week. New crop green peas have been indicated as high as $12.50 to $13.00 FOB farm with an AOG. Maple peas remain quiet, with minimal activity following the recent announcement of Chinese tariffs.

Wheat markets traded in the green through midday Wednesday, supported by global weather patterns and current crop conditions. In durum news, Algeria issued a tender that reportedly resulted in purchases of up to 400,000 metric tonnes, a significant jump from the original 50,000 metric tonne request. If that larger volume proves accurate, Canada may have an opportunity to contribute to filling the order, which could help lift local durum bids. Local wheat bids include feed wheat at $7.25 to $7.50 per bushel FOB farm, depending on type, quality, and location. Delivered bids in Central Saskatchewan to start the week had CPSR at $8.05 per bushel, CWRS 13.5 at $8.30, and soft white wheat at $7.80. Depending on where you’re located, feed bids are competitive with milling prices, especially for those looking for on-farm pickup. Reach out to your merchant for local bid details.

Buyers showed renewed interest in purchasing barley this week, with bids largely seen for the May–July delivery period. Pricing indications ranged from $5.50/bu in the Northwest to $5.70/bu in the Southwest, with values fluctuating between those levels in most other areas reflecting a slight uptick over last week’s bids. As expected, pricing continues to improve the closer you get to Feedlot Alley and growers in southern AB could see even stronger opportunities. New crop pricing has been relatively quiet, with most buyers preferring to see firm offers before engaging, but indications at $5.00-$5.50/bu without an AOG are present. There’s little momentum on the malt side of the market, but growers are encouraged to show firm offers on both old and new crop.

Chickpeas are making a bit of a comeback this week, with renewed buyer interest moving values up slightly. Current bids are floating around 36 cents per pound picked up on the farm, with most buyers looking for a minimum of 20 to 30 percent 9mm but showing flexibility. If you have sizing sheets available, send them in—an offer might be the best way to lay out your specs and let buyers match what they’re looking for. Having both metric and imperial sizing noted is ideal for buyer comparisons. There’s solid appetite right now for smaller Kabulis as well, with bids in the 30 to 31 cent per pound range picked up on farm for product with roughly 40 percent 7mm sizing. Chickpeas can be unpredictable—prices are here one moment and gone the next—so this may be a great window to clean out what’s sitting on the farm rather than carrying it forward. Seeding expectations for the upcoming season remain strong. With improved yield potential in some of the new varieties, we’re likely to see decent supply in 25/26. New crop values are still hit and miss for number two grade product, but pricing in the mid-30 cent range could be enough to attract some buyer interest.

Soybeans might be on the rise as signs show that crushing demand is bouncing back after a winter slump. The futures market for soybeans is supported by expectations of lower planting levels in the U.S. and a tighter supply outlook. Currently, local soybean prices are hovering between $11.25 and $11.50 per bushel at the farm gate. StatsCan predicts an 11% decrease in dry bean planting, bringing it down to 357,000 acres. Recent trade tensions have sparked interest from international buyers. Dry bean prices are sitting at about 40 to 45 cents per pound delivered, while some minor classes are going for 55 cents delivered. On the export front, there’s limited interest in faba beans, with bids around $9.00 per bushel at the farm gate, while feed quality faba beans are priced at roughly $8.00 per bushel. However, a recent surge in Australian faba bean prices could create new opportunities for increasing Canadian exports.

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.