Flax:

Flax markets have become more challenging recently, with fewer spot trades occurring. Current on-farm bids are around $20/bu, but many buyers are now covered until new crop, with bids for fall/winter delivery closer to $19/bu picked up on-farm. Recent widespread rains have been beneficial, potentially boosting yields. However, global competition—particularly from the FSU region—continues to pressure exports to China and Europe. Given these dynamics, we recommend considering sales on both new crop and any remaining old crop. While prices have softened from recent highs, they remain historically strong, and locking in some tonnage can help manage risk and support fall cash flow.

Oats:
The oat market remains relatively stable, with most buyers waiting for new crop harvest. There is still some opportunity to move old crop oats, though movement may be delayed into fall. Prices hover around $4.30/bu delivered, with FOB farm values varying by location. The feed oat market is quiet, with bids ranging from $2.50–$3.50/bu, depending on location, delivery timing, and quality. Having detailed specs ready can help secure firm, competitive bids.

Barley:
Barley prices have started to ease, as expected. With harvest approaching, the gap between old and new crop values is narrowing. Recent rains across the Prairies have boosted buyer confidence in new crop supply. Old crop barley is still seeing some August movement at $5.00–$5.50/bu FOB farm, depending on area. New crop is priced similarly, with limited opportunities for quick movement. Malt barley remains quiet, with most maltsters covered for nearby shipping. The message from buyers: “Not interested at the moment, but show me what you have.”

Canaryseed:
Canaryseed values have softened slightly, which is typical for this time of year. Old and new crop bids have aligned at $0.27/lb FOB farm. New crop contracts still include an Act of God clause, but most buyers want to see samples before committing due to price volatility. If you’re expecting a decent crop and still have open acres, now may be a good time to lock in some tonnage for movement and cash flow. While a price rally seems unlikely given seeded acres and crop conditions, posting an offer could still attract buyer interest.

Wheat:
Wheat markets are down midweek following Tuesday’s losses. Globally, the EU is expecting a significantly improved crop, with soft wheat production up 14.8% year-over-year and durum up 10.8%. However, quality concerns persist due to late harvest rains. In contrast, Australia is facing dry conditions, reducing their production estimate by 3 MMT to 31 MMT. In Canada, yields are slightly up, but total production is expected to be 2% lower than last year. Current pricing includes:

• Feed wheat: $6.50/bu FOB farm (location dependent)
• Red spring wheat (13.5% protein): $6.90/bu delivered SW Sask (July)
• New crop CWRS: $6.30/bu delivered
• Feedlot alley bids: $7.05–$7.20/bu delivered southern Alberta (timing dependent)

Soybeans & Dry Beans:
Soybean futures are under pressure as crop conditions in the U.S. Midwest remain strong. The USDA recently raised its good/excellent rating to 70%. As of writing, soybeans are priced at $9.73/bu USD.
In dry beans, Canadian conditions are favorable in Saskatchewan and Manitoba, with some concerns in Ontario. Manitoba crop insurance reports high insured acreage for navy (97%) and kidney (63%) beans. U.S. dry bean crops are also performing well. Mexican pinto and black beans have seen local price increases, which could support North American prices. Light trading continues in feed-quality fabas. For specific pricing, please contact your merchant.

Mustard:
The mustard market is showing cautious optimism. Acreage is down over 40% from last year, leaving old crop in storage—though quality remains uncertain. Recent rains have helped some regions, but many crops may be too advanced to benefit. As of July 14, only 35% of the crop was rated good to excellent, below the 10-year average of 45%.

Despite strong competition from the Black Sea region, pricing is showing signs of life with old crop Oriental/Brown at  $0.38/lb (late summer movement), New crop Sept/Oct at $0.40/lb and early 2026: $0.42/lb. Yellow mustard is bid at $0.45/lb  for movement in the next month or two and $0.48/lb for early 2026 movement. Mustard remains one of the few commodities with a positive pricing outlook.

Canola:
Canola markets are seeing some weakness this week. One buyer noted that canola may be one of the more profitable crops to sell off the combine this year, especially if China remains absent from the market. There’s speculation that seeded acres are underreported and that yields could be strong in a few areas of Saskatchewan, excluding the southwest & the northeast where rain has been missing. While export demand is uncertain, domestic crush demand remains solid. Oil content could also provide a pricing premium, so testing ahead of marketing is recommended. Current bids include:

• 20 RSX (Oct–Nov): $15.34/bu delivered Lethbridge, AB
• 27 RSF (Dec–Jan): $15.43/bu delivered Lethbridge, AB

Yellow Peas:

The yellow pea market has gone quiet, with bids becoming increasingly difficult to find in both Canada and the U.S. This week, U.S. prices were quoted between $5.50–$5.75 USD FOB farm, but many buyers have since moved to a no-bid position. In Canada, bids range from $7.50 to $8.50 FOB farm, depending on location. The market is under significant pressure due to limited demand, largely driven by tariffs imposed by China and India. Improved moisture conditions are also contributing to downward price pressure, as yield estimates have increased. The biggest concern heading into harvest may be quality—especially if rains persist in Western Canada. Green peas are particularly vulnerable to bleaching, while yellow and maple peas are more resilient but still face challenges due to the lack of active trading partners. Some Green Peas this week still are trading at $12.50 to $13/bu picked up on farm on #2 product with low bleach.

Lentils:

Red lentils remain relatively strong this week, while green lentils continue to soften as harvest nears. Red lentil bids are ranging between 28–29 cents/lb FOB farm, with some buyers still offering Act of God (AOG) contracts for new crop. Small green lentils have gone quiet, with only a few buyers bidding around 33 cents/lb delivered to plant. Large green lentils are trading up to 37 cents/lb FOB farm for both old and new crop but bids are getting tougher to track down.

Small greens are facing notable downward pressure due to increased acreage and expectations of at least average yields. Demand is also limited, with traders showing little interest in the market. Quality concerns are rising for both red and green lentils, as recent late-season rains could lead to staining, discoloration, sprouting, or splitting. If these issues persist, we may see a significant price gap emerge between top-grade and off-grade lentils.

Chickpeas:

Chickpea buyers have bought some product this week for delivery into fall at 32 cent range with flexibility on the sizing requirements. New crop and old crop prices are basically the same at this point and bids are not easy to find. Overseas interest in chickpeas is not deep with tariff issues from India remaining as a problem for the foreseeable future. These late rains in southern Saskatchewan will be helping a lot of chickpea crops to add bushels and potentially some seed size as well but its a 2-edge blade as the disease monster rears its head and the crop must be protected. We have heard many reports of growers on their 4^th pass spraying chickpeas to try and keep this crop on the right path.

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.