Chickpea markets remain relatively quiet this week, with little movement in either old or new crop values. Old crop bids continue to range from $0.25–$0.27/lb FOB farm, depending on chickpea size and quality. Even at these levels, buyers are not aggressively pursuing supplies and appear content to wait for the 2026 crop rather than raise bids to secure old crop tonnage. New crop values are generally in line with old crop pricing, with most contracts including an Act of God clause. There are a few buyers willing to pay one to two cents more, although these are typically offered as deferred delivery contracts (no AOG). Locking in some new crop sales may be a good way to create bin space and secure earlier movement. If weather conditions cooperate this growing season, there may be very little demand for 2025 crop, particularly given the mixed quality and ongoing grading issues seen in last year’s production.

Quality and size of this year’s lentil crop are still up for debate, with some areas performing well while others continue to struggle. One of the bigger stories, however, remains the shortfall in India’s monsoon rainfall. Local prices there have yet to respond, but if India and Australia both experience reduced production due to dry conditions, the impact is expected to be more supportive for red lentils than green lentils. Current bids reflect the typical seasonal slowdown, with #2 red lentils at $0.21–$0.225/lb FOB farm, #2 large greens at $0.22–$0.23/lb FOB farm, and #1 small greens at $0.17/lb FOB farm. We still have some August movement opportunities available for those looking to clean out a bin or two before harvest, and there continues to be buyer interest in lower-grade large green lentils if you still have some on farm.

We haven’t heard much news about the oat market over the past week. Buyers appear comfortable at current price levels, and the market continues to trade sideways. The story remains largely unchanged: carryover stocks are still substantial, and although seeded acres are down, crop conditions are generally looking good. There are some production concerns in northeastern Saskatchewan, but not enough at this point to significantly influence the market, especially when factoring in a large carryout. Current bids are sitting in the $3.50–$3.75/bu delivered range for milling oats with nearby movement, while slightly stronger values are available for later delivery. If you’re looking for a FOB farm bid, posting a firm offer with us may be a good way to attract buyer interest.

Mustard prices have softened slightly over the past couple of weeks as harvest approaches. Crop conditions have generally been reported as favourable across key mustard-growing regions of the Prairies, with analysts expecting above-average yields, and prices have adjusted accordingly. Although yellow mustard acres are down from last year, bids have eased slightly and are currently around $0.37/lb picked up on farm. Oriental and brown mustard acres have increased, with current bids around $0.37/lb and $0.35/lb, respectively. Old crop values have now largely merged with new crop pricing, although there are still a few limited opportunities to move old crop over the next month. Demand for brown mustard in Europe has remained quiet, which could result in continued volatility in both pricing and shipping of those varieties.

Canola futures remain under pressure, with the November contract trading below the key C$800/tonne level after breaking technical support earlier this week. Heat warnings across much of the southern Canadian Prairies have provided some underlying support, but improving weather for U.S. soybean crops continues to weigh on the soy complex and spill over into canola. As harvest approaches, seasonal pressure is beginning to build. While Statistics Canada estimated canola seeded area at 23.442 million acres, yield uncertainty remains across several key Saskatchewan growing regions. August weather will be critical in determining final production, and beginning stocks may prove to be tighter than current estimates suggest. Strong domestic crush demand also continues to underpin the market. Traders are also monitoring tensions in the Middle East, where any disruption to oil shipments could support crude oil, vegetable oils, and ultimately canola prices. At the time of writing, the November canola contract was trading at C$773.50/tonne. A modestly stronger Canadian dollar added another headwind for canola futures.

Flax markets have cooled somewhat as spot buying has dried up and new crop interest remains difficult to find. Most current bids are ranging from $15.00–$16.00/bu for both old and new crop, with the occasional stronger opportunity appearing from time to time. Recent hot and dry weather during flowering may begin to impact crop conditions, although good subsoil moisture could still carry many areas through the remainder of the growing season. Production is expected to be lower than last year’s due to a return to more average yields, but carryover stocks remain comfortable, keeping the market well supplied. Kazakhstan continues to be a major supplier, and Chinese warehouse inventories remain full, so significant price movement is unlikely unless an unexpected market catalyst emerges.

Old and new crop canaryseed prices have largely aligned at $0.18/lb FOB farm, with delivery windows now shifting into August and September as nearby demand has mostly been filled. Buyers continue to show interest at current price levels, but overall demand lacks depth, limiting any upside potential. Current buying appears to be driven primarily by short-term coverage rather than aggressive forward purchasing. As a result, the market remains vulnerable to volume limits, as demand could fade quickly once buyers have covered their immediate needs. Without stronger export demand, a new production concern, or another fresh market catalyst, canaryseed prices may remain stagnant for some time.

Barley markets remain stable for another week as harvest begins across parts of Canada and the United States. With bin space becoming a growing concern, many producers are opting for off-combine pricing rather than storing cereal crops. Current old and new crop bids range from approximately $5.30/bu FOB farm in Alberta to around $4.85/bu FOB farm in Saskatchewan. We’ve also received more inquiries regarding light barley and bushel weight discounts as forecasts call for additional heat that could impact grain quality just ahead of harvest. Malt barley markets continue to be very quiet, with little urgency from buyers. For now, firm offers remain the best marketing approach. Give your merchant a call for more information.

Soybean prices moved lower overnight as improving weather forecasts across the U.S. Midwest arrived just ahead of the critical August pod-fill period. Weaker technical signals also triggered additional fund selling, offsetting support from firmer crude oil prices and slightly lower U.S. crop ratings. Adding further pressure is Brazil’s record soybean harvest, with export estimates increased to 115.4 million tonnes, strengthening global competition despite tighter projected Brazilian ending stocks. Local soybean bids are currently ranging from $13.00–$13.50/bu FOB farm. Dry bean crops in both Canada and the United States are generally looking strong, but a significant reduction in seeded acres is expected to tighten supplies and support black and pinto bean prices heading into harvest. Canadian faba bean production is projected to decline by another 23% due to reduced acreage. 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.

The pea market continues to be sluggish. With harvest right around the corner, buyers are more focused on pricing new crop than old crop supplies. New crop yellow peas are slow to trade, and we suggest growers use firm targets to try and capture a sale, while green peas are indicated around $9.00/bu delivered. Recent weather has shifted production concerns from disease pressure to excessive heat, both of which have the potential to reduce yields. Combined with lower seeded acres this year, overall pea supplies could decline significantly compared to last year. However, the sizeable carryover continues to limit any meaningful price strength. The market is likely to remain soft until harvest begins and the industry has a clearer picture of actual yields and quality.

Black Sea tensions continue to influence wheat markets after Russian missiles reportedly sank a Ukrainian grain vessel this past weekend. With efforts underway to establish alternative trade routes and shipping restrictions still affecting traffic, reports suggest export capacity out of the Black Sea region has begun to decline. Closer to home, Canada finished the 2025/26 export year on a strong note, with wheat exports up 3% year over year and durum exports down only 1%. Canadian wheat crops continue to mature well, with harvest beginning in some areas. Market participants will be watching closely to see whether ongoing Black Sea disruptions create additional export opportunities for Canadian wheat during the new crop year. Current bids include most wheat classes at $8.00/bu delivered in Northwest Saskatchewan for August movement and $7.65–$7.80/bu delivered for October-November. In Central Saskatchewan, CPSR is trading around $7.20/bu delivered for October-November, CWRS around $7.70/bu delivered, and soft white wheat near $7.75/bu delivered for November-December movement. Durum is currently quoted around $7.50/bu FOB farm in southeast Saskatchewan, with carry opportunities pushing values above $8.00/bu into the first half of 2027. Feed wheat continues to trade between $6.00–$7.00/bu FOB farm, while heated and lower-quality feed grains are still finding homes ahead of harvest.

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.