Barley markets continue to offer solid selling opportunities as we move into the summer months. Price indications range from $5.25 to $6.00/bu FOB farm depending on location and delivery window. While there haven’t been any dramatic increases in recent weeks, prices have also avoided any significant declines, pointing to stability in the short term. Buyers are still interested in lightweight barley, but discounts will apply to anything under 48 pounds per bushel. With harvest approaching and hopes for better quality grain, it’s a smart move to sell off-spec feed barley now. If heavier-weight barley starts to come in, the urgency to buy off-spec product may quickly fade. On the malt side, things remain quiet, though there have been some price indications around $6.00 to $6.50/bu delivered in. Unfortunately, these are not firm bids and maltsters are not necessarily buying at these levels. The same cautious tone applies to new crop. With feed barley values north of $5.00/bu, the decision becomes one of risk versus reward.

The pea market enters another week with little change. India’s extension of the zero-import tariff into 2026, as mentioned last week, has yet to influence pricing as India’s current stockpiles are likely to keep spot values subdued for now. Where this policy might have an impact is on new crop pricing, but that remains to be seen. Yellow pea prices are steady at $9.00 to $9.50/bu picked up, both for old and new crop. Green peas continue to trade at $16.00 to $16.50/bu picked up on old crop, while new crop is indicated as high as $13.50/bu with an AOG. Maple pea pricing remains unchanged at $12.00 to $13.00/bu picked up for both old and new crop, though targets slightly higher may gain some traction.

Flax exports in April were the lowest recorded since 1991 according to analysts. While there was a slight uptick in European buying, demand from China and the U.S. has slowed considerably. Despite this, tight supplies heading into the new crop year keep this market strong. Prices continue to hold in the $23.00 to $25.00/bu range, while new crop interest is being shown at $19.00 to $21/bu picked up with an Act of God clause. Given the small carryout, it’s unlikely we’ll see much more shipped before new crop is available, which could bring an end to some of the recent rallies. Early estimates from the Black Sea region suggest a large 2025/26 crop, up nearly 15 percent from last year. This increase could ease global supply constraints and put downward pressure on prices.

Lentil bids are softening as the marketing year winds down, which is typical for this time of year as buyers wait for potentially cheaper new crop supplies to come available. Smaller than normal exports in March and April have led to higher ending stocks, giving buyers more flexibility and time to assess this year’s crop. Green lentils are facing downward pressure, partly due to ongoing weakness in India’s Tur market. Red lentils have also slipped in recent weeks, largely due to limited export opportunities. Weather is becoming a concern, with hot, dry, and windy conditions likely to impact the upcoming Saskatchewan Crop Condition Report. Last week’s report showed 79 percent of lentils in good to excellent condition, but many growers report they need rain within the next five to ten days to hold or improve those ratings.

Chickpea markets roll into mid-June with little change from previous weeks. Demand has tapered off, but there are still a few buyers looking to secure both old and new crop volumes. Old crop indications for decent-sized chickpeas are holding in the mid to high $0.30/lb range, with anything under 9mm facing a discount. For the most accurate pricing, it’s best to call in with your sizing so we can find the best market bids. Buyers are also willing to contract new crop acres that include a 10bpa Act of God clause. Current values sit between $0.27/lb FOB for small sized chickpeas up to $0.33/lb FOB farm for larger sized Kabulis. As is typical with chickpeas, prices may rise sporadically, but once demand is filled, they tend to fall off quickly. With many acres still uncontracted, any short-term demand could be met fairly quickly. If you have a price in mind, putting out a firm offer may go a long way if small programs or opportunities arise.

July canola futures sit at $718.20/MT at the time of writing this morning, following a volatile session on Tuesday. While trading was mixed, support came from gains in soybean and soy oil markets, though this was partially offset by weakness in other vegetable oils and European rapeseed. Ongoing support continues to come from tight old crop supplies and concerns surrounding the upcoming crop, both of which are helping to maintain futures values. In trade news, the Canadian and Chinese governments have agreed to regularize communication. The Canadian government is actively working to remove all agricultural tariffs, which could provide longer-term export support. Current bids for summer delivery are sitting at $16.00 to $16.10 per bushel delivered in northwest Saskatchewan, with east-central Saskatchewan seeing bids around $15.70 per bushel. New crop indications range from $14.90 to $15.00 per bushel in the northwest, and $14.55 to $14.65 per bushel in east-central Saskatchewan, depending on the delivery month. If you have heated or off-spec canola, or if you’re looking to firm up a FOB farm bid, contact your merchant directly.

Wheat prices haven’t shown much movement this past week, as board values are lower than they were the previous week. The majority of the crop is in the ground and now attention turns to moisture, which is badly needed across many regions. Dryness in Canada, the Black Sea region, and the European Union is a concern, though it hasn’t yet translated into stronger prices. If the weather pattern persists, there may be more market reaction in the weeks ahead. Feed wheat is mostly trading between $7.25 and $7.75 per bushel picked up on farm in most areas, though some trades have hit $8.00 per bushel in western regions or for specific varieties. For soft white wheat, reach out to your merchant for current on-farm bid details. Milling wheat bids this week are showing $8.00 per bushel for CPS Red, $8.35 per bushel for #1 CWRS at 13.5% protein, and $9.00 per bushel for #1 CWAD, where trade is still occurring.

Canary seed remains stagnant for another week. Old crop bids are holding steady around 29 to 30 cents per pound FOB, while new crop pricing sits at 27 to 28 cents per pound on farm, with an Act of God clause covering 10 bushels per acre. Trading activity remains slow, with limited interest from both buyers and sellers. The overall market outlook is unchanged, as a good-sized crop is anticipated and farm inventories appear to be sufficient. As a result, pricing is likely to remain flat in the near term, with attention now shifting to weather conditions. Producers with firm targets or specific delivery location questions are encouraged to reach out, as bids may vary slightly by region.

The oat market remains sluggish, with little trade activity and overall weak demand. Most buyers appear to have adequate supply in place for the near term, leading to only occasional purchases. Number 2 Canada Western (2CW) oats are currently trading at approximately $4.60 per bushel delivered. There is limited but ongoing interest in lightweight oats, which are priced between $2.75 and $3.50 per bushel FOB, depending on quality and freight. New crop contracts are seeing minimal demand, and when they are offered, delivery timelines often extend well into 2026, with some pushing as far out as July of that year.

Soybeans have seen some support recently from rising crude oil prices and optimism around a potential U.S.–China trade agreement that could include agricultural purchases such as soybeans. In addition, there are positive expectations surrounding increased federal biofuel mandates, which are supportive of soybean prices. At the moment, the key driver appears to be the anticipated announcement of new biofuel blending requirements, which the industry believes will boost domestic demand. On the weather front, recent rains have improved crop conditions, putting some downward pressure on pricing. Currently, local soybean prices range between $10.75 and $11.50 per bushel at the farm gate. StatsCan is forecasting an 11% decrease in dry bean planting, reducing total seeded area to 357,000 acres. Trade tensions have stirred interest from international buyers, and Mexico is reporting lower yields from their winter harvest. Dry bean prices currently range from 40 to 45 cents per pound delivered, with some specialty classes reaching 55 cents and higher. On the export side, demand for faba beans remains limited. Farm gate bids are around $9.00 per bushel for export quality, while feed-quality faba beans are trading closer to $8.00 per bushel. However, a recent uptick in Australian faba bean prices could potentially open new opportunities to increase Canadian exports.

The mustard market remains flat as we await potential rain events, with reports suggesting more humid air may move into the Prairies toward the end of June. Buyer interest remains limited, with only a few sporadic loads trading. Yellow mustard continues to trade between 43–45 cents/lb, with relatively quick pick up available—an attractive option for those needing bin space or cash flow. Brown and oriental mustard bids are holding steady in the 34–35 cents/lb range. New crop yellow values are indicated at similar levels to current spot prices, but stronger targets may gain attention. We encourage growers to consider placing offers at 47 cents/lb—we’ll do our best to execute on those. New crop brown and oriental mustard remain in line with spot bids, and all production still include an Act of God (AOG) clause and on-farm pickup.

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.