Barley continues to flatline for another week as producers sort through what is in the bin and what is likely going in the ground next year. Old-crop feed barley prices are unchanged on the week at $4.50–$5.00/bu FOB farm in Sask, with freight sensitivity and slight variation depending on preferred delivery timelines. Producers are becoming more active in new-crop discussions, asking about potential contracts and shipping windows, with values not far removed from current spot markets. Acres are expected to go in, but the malt market remains very quiet, which could keep feed markets subdued as buyers anticipate less volume moving into malt channels.

Lentil markets are range bound after showing marginal strength last week. Red lentils hold around the 24 cent per pound delivered level, with FOB bids available tailored to your farm gate. Green lentils have seen increased trade activity, with large green varieties quoted at 25-26 cents FOB on #2 quality, 22 cents on x3 and homes available for #3. Small green #1 spec lentils remain around 20.5 cents delivered, with some #2 trades occurring at 17 cents per pound FOB. With a large volume of #2 small greens in the country, moving some product may be worth considering while market opportunities exist. New-crop pricing is unchanged, with #2 large green lentils at 24 cents FOB farm with an act of God for September through December movement, small greens at 20 cents for #1 and 17 cents for #2. These bids have not generated much excitement so far, but contracts remain available for those looking to secure a production contract. Call us for any seed needs, as we have access to many different varieties.

Canaryseed markets continue to pull back, with spot values starting to feel pressure from a large production year and increased sales activity. Values are now being shown around 18 cents per pound FOB farm for February movement, though demand does not appear to be very deep at this level. Once additional tonnage is purchased at these levels, buyers may pull bids back further. New-crop contract discussions also began late last week, with opportunities to lock in 19 cents per pound FOB farm with an act of God, and some buyers pushing contracted coverage up to 15 bushels per acre. Given the expected large carryover and anticipated seeded acres, getting some production on the books for fall/winter movement makes sense in the current environment.

The canola market continues to hold a more positive tone following news of a reduced Chinese tariff. Futures have moved slightly higher this week, with March trading around $651 per tonne and May near $661 per tonne at the time of writing. Delivered bids have been seen around $14.50/bu for summertime movement, while new-crop values are showing near $14.00/bu delivered. There are also picked-up pricing options available, so speak with your merchant about FOB values in your area.

Mustard prices have been sideways over the past couple of weeks. Oriental mustard continues to see demand, with pricing around 47 cents per pound picked up. Yellow mustard is trading in the 40 to 42 cent per pound FOB range, depending on location and movement timeframe. Brown mustard remains more variable, with lows around 30 cents per pound and highs near 35 cents per pound over the past week, though overall demand remains on the softer side. Opportunities are available for lower grade mustard, most notably some recent interest in sample grade mustard. Analysts remain optimistic that supplies could continue to tighten into 2027 if export pace improves. U.S. imports have been slow despite their smaller crop, while the EU saw an increase in imports in November, primarily from Ukraine, though volumes remain below the five-year average. Prices are responding more to actual available supplies than production estimates. Early new-crop price indications are starting to surface, and certified seed remains available for delivery to your yard. Talk to your Rayglen merchant for details.

Wheat pricing across the province remains relatively stable, with basis adjustments providing most of the incentive needed to encourage producer movement. Stronger demand will be required to reduce the larger global and domestic stocks currently weighing on the market. Saskatchewan wheat values are expected to trade sideways in the near term, with pricing driven by demand as global supplies have increased following the completion of harvests in Australia and Argentina. The upcoming Principal Field Crops stocks report next month may provide fresh direction for the market. Feed wheat is currently trading in the $6.00 to $6.50 per bushel FOB range, while milling wheat is indicated at $6.80 to $7.20 per bushel delivered, with the strongest bids closest to feedlot alley.

It’s been frantic week in the pea market as buyers worked through tariff-related headlines and tried to gauge how the situation might unfold. As a result, buyers stepped in to secure maple peas at significantly strong values, while green and yellow pea pricing saw a lesser overall change, but still managing to find a ~$0.50/bu increase. Maple peas are currently trading between $12.50 and $14.00/bu, depending on variety. Yellow peas have been trading in the $7.50 to $7.75/bu FOB farm range, while #2, max 3% bleach green peas trade around $10.50/bu FOB farm. Interest in higher bleached peas remains limited. Overall, the Canadian pea market continues to be headline-driven, with trade uncertainty creating short-term volatility while underlying demand remains cautious.

Strong global competition and a large Canadian crop continue to prevent flax from posting any notable gains this week. While both EU and Chinese demand remain solid, Russian and Kazakhstan flax continues to compete aggressively into those export markets. Locally, brown flax is trading in a $16.00–$16.25/bu FOB farm range depending on location, with $16.50/bu seen in stronger freight areas. Yellow flax continues to attract interest from multiple buyers, with values indicated at $22.00–$23.00/bu FOB farm for February and March shipping. New-crop yellow flax has traded at $20.00/bu FOB farm with an Act of God, though buyers have been slower to engage on new-crop brown flax. If brown flax is in the rotation this year, we encourage conversations with your merchant and the use of new-crop targets as buyers begin to look ahead. As always, knowing your grade and dockage levels is important when marketing flax, as opportunities to move product continue to surface.

The oat market continues to be shaped by the large 2025 harvest. Production of 3.9 million tonnes, up more than 16% from 2024, has kept prices under pressure in recent weeks. Local oat pricing is showing $3.25/bu delivered into eastern Saskatchewan for summer movement, with new-crop bids matching that level for September through December shipping. For producers willing to wait on delivery, January to March 2027 bids are available at $3.50/bu delivered on the east side of the province. For those looking to move feed oats or quality that does not meet milling specifications, feed buyers remain active, so reach out to your merchant with tonnage and specs. With burdensome carryover heading into another planting season, analysts expect oat acres to pull back in 2026.

Chickpea markets have shown a bit more life over the past week and a half, with spot market bids making trades around 27 cents per pound picked up on farm for No. 2 quality. These trades have typically included minimum sizing of 30% 9mm and a maximum of 20% 7mm, which is fairly standard for most years. Movement timelines on spot business are starting to push into the spring months for some buyers. Local supplies in Canada remain large, so while exports have been strong and running above the five-year average, continued export movement will be needed to prevent ending stocks from reaching their highest level in at least a decade. Exports out of Australia have been ramping up and are worth monitoring, while the U.S. remains a key market for Canadian chickpeas and ongoing trade developments there remain a concern. Preliminary new-crop bids have been heard in the 27-cent range, though grower interest at those levels has been minimal so far.

Soybeans continue to find support from expectations of increased federal biofuel mandates, along with a recent increase in export demand from China that has helped support futures. In Brazil, weather conditions remain mostly favourable and harvest is gaining momentum, while heat and dryness continue to raise concerns in Argentina. Local soybean bids are currently ranging from $11.80 to $12.00 FOB farm. North America is carrying a strong supply of black and pinto beans, and demand from Mexico is expected to slow and return to more normal levels due to increased competition from other global suppliers. This is putting some downward pressure on black and pinto bean prices, which are currently trading around 28 to 30 cents per pound. In contrast, smaller specialty classes of coloured beans are expected to see stronger demand and improved pricing due to tighter supplies, with bids approaching 60 cents per pound or higher. Interest in faba bean exports remains limited, with farm gate bids near $8.00 per bushel and feed-quality faba beans closer to $7.00 per bushel FOB farm.

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.