Barley markets, for the most part, continue to roll along without much change to old crop or new crop values. We are starting to see a bit of a pull back for demand on old crop feed which usually rings true during this time of year. Although, you can still catch anywhere from that $5.00 – $5.75/bu FOB farm range the overall demand or urgency to get tonnage on the books has been taking a bit of a hit this week. New crop feed values continue to be indicated around the $4.75-$5.00/bu FOB farm range on a deferred delivery contract. These numbers are still something to consider to locked in at. Switching over to the malt side of things and it comes as no shocker again this week that talks remain nil. Maltsters continue without having much demand on their end but show what you have. Suspect this window has to open back up sometime soon, but when  that will be remains the question.

Wheat continues without much change this week. Have started to hear some indications of new crop wheat being quoted around the $8.00 – $8.20/bu delivered in range but to date it hasn’t really generated much for sales. Suspect this number likely stays on par for a bit and buyers wait to see what kind of crop is going to come off this year whether it be yield, or quality. Once buyers get some better indications of what to expect, they likely readdress their positions and we get some more solid numbers. Switching over the durum wheat and talks remain quiet or mute. Old crop and new crop values aren’t holding much of a candle to where guys want to sell, so the market is in a stale hold of not being able to pay more, but sellers not willing to take less. Will be interesting to see what happens in the next few weeks as we grow closer to 2025 harvest. Feed wheats all around continue to boast good values however and are indicated anywhere from $7.00 – $7.75/bu FOB farm. These are numbers that should be strongly considered today!

StatsCan has peas up 9% from last year, with green and maple peas increased quite a bit when compared to previous years. The pea market is in its typical slowdown cycle where old crop and new crop bids start converging. Old crop and new crop yellow peas are at $9.00/bu picked up. Green peas still hold a little gap with old crop at $16.50 – 17.00/bu delivered and new crop at $13.00/bu picked up. Maple peas remain stagnant at $12.00 – 13.00/bu picked up on old and new. India still has a decent supply of peas in their warehouses and their market prices are quite low which will likely keep imports at bay for the time being. It also doesn’t seem like China will be a buyer into the feed pea market as their corn/soymeal feed is priced quite low, which leaves only the fractionation market open for imports, as per reports. However, Russian peas into China keep dropping in price, so this doesn’t leave a whole lot of optimism for Canadian peas.

Flax bids are on the tighter side this week, with indications ranging from $22.00 to $23.00/bu FOB farm depending on location and delivery timeline. The amount of interested buyers has also narrowed as prices overseas are significantly cheaper. With new crop fast approaching, further price rallies are unlikely, but current values remain supported by tight North American supplies. We suspect, that old and new crop values will converge at some point in the near future, so it is highly recommended growers clean out remaining supplies. Production contracts can be found around $20.00/bu picked up with an act of God clause, or slightly better in freight advantageous areas. Even with large 2025/26 flax crops forecast in Russia and Kazakhstan, local pricing is expected to hold firm. Demand for yellow flax continues to pop up sporadically—contact Rayglen if you’re looking to move some.

Chickpea markets get a bit of bearish news this week. Feedback from the ground up confirms the amount of acres seeded to increase and will be the highest since 2001/02 production year. Given the estimated acres and the possibility of decent yields with a sizable carry over, the chickpea market could be subdued for the unforeseeable. Crops have been able to sustain the intermittent hot and dry weather and conditions have been rated 72% good or excellent in Sk which is 15% above the 10 year average. In Alberta crops are 53% good to excellent being slightly below the 10 year average.  Exports have been steady and strong with main destination being Pakistan. This is due mostly in part of the competitive value which translate to further flatline in bids to the producer. Values have not moved for the last several weeks and the opportunity is really in the offer. Call for more details.

At the end of June, StatsCan released their seeded acreage report which placed Canadian mustard acres at 360,000 for 2025, up from their March estimate of 289,000 and down significantly from 2024’s plantings of 606,000 acres. While some areas are still lacking moisture, a number of mustard growing regions have received some timely showers at the end of June and into early July. A close eye will be on the remaining summer weather to see how the smaller 2025 crop progresses. Current mustard prices sit at $0.45/lb FOB farm for old crop yellow, $0.36/lb for brown and $0.38/lb for oriental. New and old crop prices have mainly converged, with new crop for brown and oriental mirroring old crop values, with a penny increase for new crop yellow at $0.46/lb – all being offered with an act of God clause. For those with mustard still in the bin, the offer system appears as an advantageous option to help lock in the price and delivery timeframe you are targeting.

StatsCan has revised their March report, increasing projected lentil acreage by 200,000 acres, bringing the total to approximately 4.38 million acres—about 4% higher than last year’s figure. Large green lentils saw a significant jump, rising from 1.11 million acres last year to just over 1.44 million acres this year, marking a 30% increase. Small green lentils also posted a notable rise, climbing 44% from 457,000 acres to 691,000 acres. In contrast, red lentil acres decreased from 2.56 million to 2.14 million acres. The decline in red lentil acreage is expected to help balance out both the carryover supply and anticipated strong yields. For green lentils, the situation is reversed: while there is less carryover, the substantial increase in acreage could impact supply. However, it’s worth monitoring key large green growing regions, as some may face more challenging growing conditions. Crop reports from last week indicate lentils at 59% good to excellent compared to 62% last year. Looking overseas, Indian tur prices are at lows discouraging green lentil imports. As well, demand has been soft on reds. As for now, lentils remain ho hum. New and old crop red bids are fluctuating around $0.28/lb FOB. Old and new small green lentils are trading around $0.34/lb FOB with large greens sitting at $0.38-$0.40/lb FOB range. All new crop prices quoted with an AOG. If you are looking for a DDC let your merchant know and they will track down prices.

Canary seed prices continue to run mostly sideways but are leaking a little as the year progresses. Seeded acres are up, some areas are dry, and some areas have received timely rains; so we wait for the upcoming crop conditions report to highlight where things are. From our desks, it looks to be a decent start overall but as rain has been hit or miss that’s not to say everyone is sitting pretty, there are some very poor, dry areas that don’t look good. Spot prices are in the high twenties with some trades at 28.5 to 29 cents while the occasional offer gets triggered at 30 cents FOB Farm but location matters. New crop prices are a touch lower at 27 cent range at the yard with an act of God for those looking to take some marketing risk off the plate. The act of God makes new crop pricing on canary a less risky venture than some other cereal options that might be out there.

Soybeans remain under pressure from favorable Midwest growing conditions, heavy supplies and ongoing trade uncertainty. Currently, local soybean prices are hovering between $10.25 – $10.75 per bushel at the farm gate. StatsCan predicts an 5% decrease in dry bean planting, bringing the total area down to 382,100 acres. Recent trade tensions have sparked interest from international buyers. Mexico is seeing lower yields in their winter bean harvest. Currently, dry bean prices are between 35 and 40 cents per pound delivered, with some specialty classes reaching 50 cents and higher delivered. On the export front, there is limited interest in faba beans, with farm gate bids around $9.00 per bushel, while feed quality faba beans are priced at about $8.00 per bushel. However, a recent increase in Australian faba bean prices could create new opportunities for enhancing Canadian exports.

Concerns regarding dry conditions in the Prairies and signs that canola might qualify for biofuel tax credits in the United States supported the oilseed market. Some reports have noted that canola crop progress is lagging compared to other crops. Nevertheless, the oilseeds were generally in fair to good shape. Support for canola from the veg oil complex showed mixed results, with European rapeseed experiencing gains while Chicago soy oil and Malaysian palm oil faced losses. Additionally, declines in crude oil prices also impacted the vegetable oils. Increases in Chicago soybeans and soymeal positively influenced canola. StatCan recently stated canola acres at 21,457,100, down 2.5% versus last year. Local bids are currently around $15.00-$15.50/bu delivered.

Oat markets are on summer vacation with most buyers waiting for new crops to arrive. Buyers are still buying small lots here and there. Old crop feed oats range between the $2.50 to $3.50 this week with a trade out of the northeast at $3.04 FOB farm for July/Aug movement . #2 oats bids have been hard to come buy you maybe still find a $4.50 delivered bid. Best to call the office as buyers want to know location and quality of the grain before bidding.

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.