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.