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.