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.