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.