Barley continues to hold range bound this week, with bids between $4.50 and $5.00 per bushel FOB farm, depending on location and movement timeframe. These remain values worth considering if you are looking to move inventory. Supplies are ample this year, and with warmer weather across the Prairies, feed demand has softened, further pressuring the values and shipping windows. We have not seen much activity on new crop sales, but bids will largely mirror old crop values. On the malt side, the tone remains the same, with buyers saying “show us what you have” and very few firm buy-today bids available.

The pea market has seen little change as we approach mid-February. Old crop yellow peas are priced at $8.00 to $8.30 per bushel delivered, while green peas are sitting at $10.50 per bushel FOB on a maximum 3% bleach. There are options for higher bleached product; speak with your merchant for picked-up pricing tailored to your farm. Maple peas are trading between $11.00 and $13.00 per bushel picked up, depending on variety, location and shipping timeline. In a typical year, pea prices tend to find support as we move into the spring and summer months. With growers likely shifting some acres out of peas this year, that could lend support to the new crop market. New crop bids have been slow to surface, so we recommend placing firm offers if you have target values in mind.

Flax prices remain steady in the $16.00 to $16.50 per bushel FOB range, with new crop indicated at similar levels, although buyer interest remains limited. Some analysts anticipate an increase in 2026 flax acres, which could cap any significant rallies. Historically, new crop flax prices tend to improve later in the spring, but given current carryover and the potential for increased acres, values are likely to remain relatively flat. Russian exports into China continue at a record pace, putting pressure on Canadian export opportunities. Yellow flax continues to attract buying interest, with bids around $22.00 to $23.00 per bushel. If you are sourcing seed, now is a good time to begin pricing, and we are happy to assist.

As of January 25^th, Canadian canola exports are running behind forecasts for the 2025–2026 shipping year. Reports indicate Chinese buyers have purchased upward of 600,000 tonnes of Canadian canola, which should help improve the export pace once shipments begin. Pakistan has also started receiving Canadian canola, with its first vessel arriving in early January, further supporting export movement. At the time of writing, March futures are trading at $662.90 per metric tonne and May at $673.70 per metric tonne, both slightly lower on the day. Local pricing in northwest Saskatchewan ranges from $13.75 to $14.45 per bushel delivered for February through April delivery, with new crop bids over $14.35 per bushel delivered for early fall. Eastern Saskatchewan is seeing stronger values at $14.80 to $15.00 per bushel for May through July delivery, and around $14.60 delivered for early fall. For off-spec or heated canola, or to firm up a FOB farm price, contact your merchant.

A large 2025 oat harvest continues to weigh on prices, keeping rallies muted. Even so, oats remain one of the more competitive options for covering variable costs on new crop. Nearby demand is light, with limited summer delivery into central Saskatchewan around $3.45 per bushel and new crop closer to $3.25 per bushel. Holding into spring 2027 could add approximately $0.25 per bushel. The feed market is well supplied at roughly $2.25 per bushel, and any meaningful recovery in prices will likely depend on reduced acreage in 2026.

Wheat prices have seen little change, as markets remain relatively quiet with minimal new developments. While exports are running ahead of last year, overall supplies remain comfortable and it is likely we will carry a healthy amount of wheat through the end of the crop year. Across Saskatchewan, #1 CWRS 13.5 protein bids range from $6.85 to $7.40 per bushel delivered to plant, with the strongest prices tied to summer movement. CPSR is trading between $6.90 and $6.95 per bushel delivered into central Saskatchewan for March and April. CWAD is indicated around $7.50 per bushel delivered for April through June movement in many areas, while the southeast corner of Saskatchewan has seen some durum bids reach $8.00 per bushel for summer movement south. Feed wheat ranges from $6.00 to $6.50 per bushel FOB farm, depending on area and timing, with the strongest values typically aligned with summer movement in regions closer to feedlot alley.

Canary seed markets remain flat again this week, with small trades occurring sporadically. Bids have been sitting around $0.18 per pound FOB farm, with the potential for a slight uptick when presented to buyers with a deferred shipping window, although nothing is guaranteed. New crop has also been a frequent topic of discussion, currently indicated at similar values to the nearby market. With large available supplies, the canary seed market is expected to remain on the defensive for the foreseeable future.

Chickpea bids are unchanged on the week. There is considerable speculation around 2026 acres, as some producers may need to replace seed, and input costs remain higher compared to less input-intensive crops with broader marketability. This could prompt acreage shifts that the market needs to see in order for carryover to decline and overall supply to become less burdensome. With both old and new crop values relatively predictable, profitability on paper will likely be the key factor in final planting decisions. If you are sourcing seed, give us a call and we can quote values landed in your yard on multiple varieties.

Soybeans saw a surge on Tuesday despite the USDA raising its forecast for Brazil’s soybean harvest more than expected. The remainder of the report was largely routine and drew limited attention, as traders focused instead on the potential for additional Chinese soybean purchases and the possibility of expanded biofuel mandates. Local soybean bids are currently ranging from $12.00 to $12.50 per bushel FOB farm North America continues to carry a strong supply of black and pinto beans, although inventories are gradually beginning to tighten. Demand from Mexico is expected to ease back to more typical levels due to increased competition from other global suppliers, which is placing some downward pressure on black and pinto bean prices. Bids for these classes are currently hovering around 28¢ to 30¢ per pound. In contrast, smaller specialty-colored beans are expected to see improved demand and firmer pricing due to tighter supplies, with bids nearing 60¢ per pound or higher in some cases. Interest in faba bean exports remains limited. Farm gate bids are approximately $8.00 per bushel, with feed quality faba beans trading closer to $7.00 per bushel FOB farm.

Lentil markets continue to fluctuate this week, with prices remaining somewhat of a moving target. Red lentils have shown a bit of strength, trading up to 26¢/lb delivered with movement through the end of April. Large greens have reached as high as 27¢/lb delivered for summer movement, while April movement is trading around 26¢ FOB farm. Activity in the large green market has been fairly quiet among buyers, with some bids as low as 24¢ FOB farm. Small green lentils remain relatively quiet. No.1 small greens are trading around 19–20¢, while No. 2 bids are sitting in the 17–18¢/lb range. Buyers are slowly stepping into the market with new crop pricing. Red lentils are being indicated at 20–21¢/lb, large greens at 24¢, and Estons at 20¢. These contracts include an Act of God clause and are based on 10 bushels per acre.

The mustard market has been steady this past week, with both old crop and new crop contracting moving at a respectable pace. Prices remain rangebound, but firm overall. Spot oriental mustard continues to show strength, with bids holding around 46¢ per pound picked up on farm. It is becoming more difficult to achieve 47¢, so if you have inventory remaining, give us a call to discuss a marketing plan. Yellow mustard remains solid, trading in the 40¢ per pound range depending on the movement window. Brown mustard continues to lag slightly, with bids in the 30¢ to 32¢ per pound range. New crop values for yellow and oriental mustard remain firm, while brown is a bit more challenging. Yellow new crop is trading in the 40¢ to 42¢ range depending on movement, very similar to current spot bids. New crop oriental remains strong at 37¢ to 40¢ per pound on farm with an Act of God clause, depending on movement timing. Most Act of God contracts are structured at 10 bushels per acre. We also have certified, high-quality seed available delivered to your yard, with both treated and untreated options. Contact your merchant for more details.

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.