This week, old and new crop bids have largely converged across all pea types. Yellow peas are indicated at $8.00-9.00/bu, while maple peas hold steady at $13.00/bu for both spot and production contracts. Green peas new crop bids are sitting at $13.00/bu, while old crop could potentially still offer a slight premium with trades hitting at $14.00/bu picked up—provided the lot has a maximum 3% bleach. The pea crop looks decent overall, and expectations are building for a larger harvest. That means we’ll need consistent export demand to prevent stocks from becoming burdensome. Uncertainty still surrounds China and India on the export front. This is typically a quiet period in the market, so we’ll have to wait and see if anything shifts as harvest approaches.

Flax prices have softened slightly, with reduced volume interest as we near new crop. Old crop pricing is inconsistent, ranging from $19.00 to $22.00/bu picked up, while production values are slightly lower, hovering around $18.00 to $19.00/bu for fall/winter shipping. June saw decreased Chinese flax imports, with the bulk of supply coming from Russia. Reports out of Kazakhstan and Russia indicate that both will again be major suppliers to China for the 2025/26 season due to increased seeded acres. In contrast, Canada did ship a major bulk flax load to the EU in May, followed by another. Growing conditions across Canada and the U.S. vary, but recent analyst reports suggest decent yield potential. That likely explains the current price softening. If you’re looking to generate some cash flow at harvest, there’s still an opportunity to get new crop acres on the books.

The oat market sees virtually no change this week. With harvest timelines inching closer, many buyers are content to wait for production contracted new crop to start rolling in. There is still potential to market old crop oats, but be prepared for late fall movement. Delivered values continue to be indicated around $4.50/bu, though that can be converted to an FOB farm value for those who call in with specific farm locations. Feed oat markets remain relatively quiet, with bids ranging from $2.50 to $3.50/bu depending on location, delivery timeframe, and quality. Having your specs ready goes a long way in helping the marketing process, allowing purchasers to provide top end firm bids.

Barley markets remained steady and active over the past week, with bids largely unchanged. Buyers are currently taking on old crop feed sales, but prices are slowly drawing closer to those of new crop. Some August movement is still available, with bids ranging from $5.00 to $5.50/bu FOB farm, depending on freight location. As always, closer proximity to Feedlot Alley tends to fetch better farmgate values. New crop feed barley continues to be quoted around $5.00/bu FOB farm on deferred delivery contracts (no AOG) and is fairly heavy trade recently. Early shipping windows for new crop barely are slowly filling, so those on the fence, may want to act now for prompt movement opportunities. On the malt side, little has changed. Most maltsters are taking a “not really looking right now, but show me what you have” approach. It feels like the dam has to break at some point, so keeping your ear to the ground may pay off when that shift happens.

After Tuesday’s decline, canola markets are rebounding this morning (Wednesday, July 23^rd). Tuesday’s losses were largely attributed to a stronger CAD and more rainfall across the prairies, which is likely to solidify a crop. Today’s gains piggyback on improved soy, rapeseed and palm oil markets, while losses in crude seem to have capped upside potential. At time of writing, both November and July futures are up over $10/MT, sitting at $700/MT and $710/MT respectively. Local cash bids vary by region and basis level but are indicated in the $15.30-$15.80/bu delivered plant range in the spot market and between $14.80-$15.80/bu delivered plant on new crop, contingent on shipping window. Growers are encouraged to call in with their location for on the farm pricing and/or to submit firm targets.

Rain continues across much of the Prairies this as we near the end of July, bringing some relief to mustard crops. While early-seeded fields may not benefit as much, later-seeded crops are clearly responding to the moisture. Despite the rain, significantly reduced acres this year are supporting prices, which have been inching upward. Old crop yellow mustard is now trading around $0.46/lb FOB farm, while brown and oriental types are closer to $0.40/lb. New crop pricing is largely in line with old crop and still includes an Act of God clause. The recent price bump is notable and may present a good opportunity to clear out any remaining stocks. Setting a firm offer continues to be an effective strategy to try and maximize returns—reach out to your merchant to explore this further.

Canary seed markets are showing some signs of weakness. The widespread rain across the province may have caused buyers to step back, and old crop bids have slipped to around $0.27/lb. New crop values are similar, typically offered with a 10 bu/acre Act of God clause. StatsCan’s report of a 10% increase in seeded acres is also adding some downward pressure to the market. If you have product still in the bin that needs to move before harvest, it may be increasingly difficult, so check in with your merchant to see what options are still available before the few windows of opportunity left close.

Chickpea bids for both old and new crop have converged, holding stable in the 32–34 cent per pound range on larger sized chickpeas. Small sized product with majority 7 and 8mm sizing have seen bids closer to 30 cents per pound delivered over the past couple weeks. The Canadian chickpea crop is rated as average, but total production is expected to rise due to a 13% increase in planted area, now estimated at 541,000 acres. In contrast, Montana’s chickpea crop is reportedly in poor condition, and Mexico has significantly reduced its yield forecast. Domestically, there is some optimism that recent late season rainfall will help seed development and help to produce larger sized chickpeas – something the market has focused its search on as of late.

Lentil prices continue to soften as harvest approaches. With the anticipation of a larger-than-normal small green lentil crop, prices have begun to decline. This week, prices have ranged from as low as 30 cents FOB farm on deferred delivery contracts (DDC) to as high as 33.5 cents/lb. Buyers are also limiting the tonnage they are willing to purchase. Large green lentils have been trading in the 35–36 cent range (delivered) for both old and new crop. Red lentil trades have been in the 27–29 cent range for both old and new crop as well. Early projections suggest the market will see an increase in both large and small green lentils, while the red lentil crop is expected to be smaller compared to last year. Conversations with buyers at A.I.M. last week indicate the trade is currently very quiet across all lentil varieties. Small and large green lentils are expected to face the most downward pressure on pricing this marketing year due to increased supply and reduced demand. The red lentil market may have a slightly better chance of price stability, given the smaller crop.

Wheat markets continue to soften slightly this week—not a major drop, but there’s been a gradual decline in pricing. Crop conditions in Saskatchewan show the wheat crop rated at 63% good to excellent and 29% fair, which is a noticeable step back from last year’s 90% good to excellent rating at this time. Alberta’s crop ratings are slightly better, sitting at 67% good to excellent. Milling wheat is pricing in the mid-$7/bu range in many areas, but there’s little enthusiasm from either buyers or sellers right now. Feed wheat is still seeing $7/bu picked up on farm in select regions, though some areas have slipped below that threshold. Concerns about excess moisture in certain pockets have growers quietly raising the specter of fusarium, particularly in durum. It’s something to watch closely. There is still some spot interest in durum, with bids near $9.00/bu in certain areas—especially the southeast corner of Saskatchewan—but some of those offers come with movement pushed out into early 2026.

Soybean prices are holding steady, supported by recent trade deals that may lead to significant U.S. agricultural purchases, along with expanded biofuel mandates included in the new U.S. budget bill. At the same time, China has been stepping up soybean imports from South America, taking advantage of Brazil’s record-setting crop. Locally, farm gate soybean bids are hovering between $10.50 and $10.60 per bushel. AAFC is forecasting a 5% reduction in dry bean plantings this year, bringing total acreage down to 383,000 acres. Trade tensions have sparked renewed international interest, with Mexico seeing reduced yields in their winter bean harvest. Dry bean prices are currently ranging between 40 and 45 cents per pound delivered, with certain specialty classes reaching 55 cents and higher. The export market for faba beans remains subdued, though farm gate bids continue around $9.00/bu for top quality, and $8.00/bu for feed grade. However, a recent uptick in Australian faba bean pricing could open the door for improved Canadian export demand in the near future.

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.