Barley markets continue to tread along the same path that we have been seeing in recent weeks. Old crop feed values are indicated anywhere from $4.50 – $5.00/bu FOB farm with delivery time frame starting to push into springtime months. Given the overall supply into the feed market this year, locking in these values as they sit today is a marketing decision that likely just make sense. Although we have not seen much happening with new crop contracts, indications point to mimicking spot values, with the number getting better the closer you are to feed lot alley. The malt market continues to have a tag of “show me what you have” but no price indication is being quoted. If you have specs on hand, and a sell value on mind a firm offer might just be the way to go today.

Canaryseed starts the week off with a little bit of added love to old crop values. $0.19/lb FOB farm is being indicated for April – May movement, which puts us about a cent higher than what we were seeing last week. Given the overall supply sitting in the bins this year, any immediate price runs are likely not going to happen. Some new crop offers are being triggered at $0.19/lb FOB farm including an act of God. This leads us to believe that this price just might be flat lined for a bit. Firm offers, and targets like much of the other commodities however continue to grab buyers’ attention.

Chickpea markets are still looking for #2 Kabuli’s, but the bids have been unchanged week after week. Small trades here and there are happening and what may have been a pipeline of movement previously, is now a slow drip. Values range from $.26/lb-$.27/lb FOB farm for a standard #2 Kabuli with min 20% 9mm, max 10% 7mm to sample grade trading at $.17/lb FOB farm. There has been a bit of renewed interest in the off-quality product but in very limited quantities with values closer to $0.09-0.10/lb. Call for details. If you are not in the headspace for marketing just yet, take the time to get ready. Know your quality, get your bins tested and make sure your seed is up to snuff for the coming season.

Oats prices have stayed relatively weak and stable at low levels, reflecting continued bearish market pressure from ample supply and larger recent Canadian production. Cash bids for milling oats in Saskatchewan are roughly $3.50/bu for pushed out movement, while feed oats are lower at about $2.25–$2.50/bu FOB farm. Local supplies have also accumulated, with Canadian oat stocks rising year-over-year as of year-end 2025, dampening near-term upside. These dynamics mean tight margins and careful marketing planning, as larger inventories and modest demand growth keep price improvement limited unless export or demand conditions strengthen through the spring.

The pea market is still moving along at similar values to last week. Yellow peas are priced at $7.50 – 8.00/bu FOB, might be able to attain slightly higher on firm offer. Green peas slipped a bit to $9.50 – 10.00/bu FOB, based on max 3% bleach. Maple peas are trading between $11.00 – 13.00/bu FOB, variety dependent. The only change this week is we have some new crop maple peas getting interest at $11.00 – 12.00/bu picked up with act of God. Looking at the overall market, Indian exports are pulling back due to their pricing coming down. Having China coming back into the market likely won’t affect pricing much at this time as our heavy Canadian and US supplies will likely continue to weigh on the market.

Flax prices are steady at $16.00–$16.50/bu FOB, with new crop values near similar levels and limited buyer interest. While old crop prices tend to strengthen later in spring, large carryover stocks and expectations for increased 2026 acreage may keep the market flat. Strong Russian exports into China are pressuring Canadian opportunities. Yellow flax continues to see solid pricing at $22.00–$23.00/bu, maintaining a premium over brown flax. New crop bids are holding steady at $20/bu delivered for yellow and $17/bu delivered for brown milling quality with an AOG. Looking for planting seed this year? Give our office a call—we’re happy to help you find what you need.

Mustard markets remain relatively flat this week, with slight changes to some old crop pricing. Old crop yellow is being indicated at $0.36-37/lb FOB farm for #1 quality, with buyers also on the hunt for lower grade yellow. Old crop brown is quoted at $0.30-0.31/lb FOB farm, with oriental still holding the strongest old crop value at $0.44-0.45/lb FOB farm for spring shipping. New crop values include yellow leading the way at $0.40-0.42/lb, followed by oriental at $0.37-0.39/lb, and brown at $0.32-0.35/lb. New crop offerings include an Act of God, with the range allowing for a quicker or longer shipping window depending on grower’s preference. For those looking to lock in new crop acres, discuss with your merchant our certified seed options with treatment and delivery to farm.

The wheat markets remain fairly neutral with little news to ignite major change. The USDA did drop its global wheat stocks slightly but raised Canadian wheat export forecasts. The increase, up 1MMT to 29MMT, comes alongside a strong export pace for Canadian wheat this marketing year. With strong global supplies, the markets are watching the conditions of winter wheat crops around the world. With a few months before these crop conditions are fully known, markets are likely to see little change. Current prices include CWRS at $7.25-7.30/bu delivered to various plants for spring shipping, CPSR at $7.10/bu delivered central Saskatchewan and CWAD at $7.50-7.75/bu delivered for spring into summer movement. For feed wheat bids, call your merchant to firm up a bid in your area.

Canola markets keep showing strength, not moving in leaps and bounds but still generating a bit better pricing over the past few weeks as values continue to trend better as we go along in Feb. We are still awaiting the signatures to hit the paper on the Canada- China trade deal but by in large baring any setbacks this deal is priced into the market already. Current bids on farm show pricing reaching from $14.00 to 14.50 depending on the location for FOB farm pricing. If you have a price in mind that you’re trying to hit offers are an effective method to catch a premium value so touch base with your merchant to put something up firm.

Positive domestic crush volume news narrowly won out over bearish market news regarding South American harvest. Local bids for soybeans are between $12.45 and $12.65 fob farm. North America is presently experiencing a strong supply of black and pinto beans. Inventories are beginning to be drawn down. It is anticipated that the demand from Mexico will decline and return to more normal levels because of competition from other international bean suppliers. This scenario is exerting some downward pressure on the prices of black and pinto beans. On the other hand, smaller specialty classes of colored beans are expected to witness an increase in both demand and prices due to lower supplies. At the moment, bids for black and pinto beans are hovering around 28?-30? per pound, while minor specialty varieties are attracting higher bids nearing 60? or more. Interest in faba bean exports continues to be quite low, with farm gate bids at about $8.00 per bushel, and feed quality faba beans priced at roughly $7.00 per bushel FOB farm.

Red lentil prices remain stable at 25 cents per pound FOB this week. Green lentils have softened slightly. Large greens are trading in the 24–26 cents FOB farm range; however, it has been difficult to find buyers willing to take sizeable volumes. Small green lentils are trading between 18–20 cents FOB farm, but similar to large greens, trading activity is not deep. As we move a month into the final half of the 2025–26 grain marketing year, the challenge of marketing a larger-than-average crop is becoming more apparent. Lentil shipments typically slow heading into the summer months, meaning significant tonnage will still need to move during a traditionally slower shipping period. Currently, most buyers are booking for March–April movement, with some already pushing into May. This is tightening the window for farmers who need to empty bins in preparation for the next crop year. Prices are not expected to change significantly in the near term. Holding inventory may not provide much financial upside and could create added pressure on bin space and timely movement.

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.