Flax prices continue to hold firm this week, with trades ranging from $23.00 to $24.00 per bushel depending on delivery timeframe and movement period. That said, demand has softened slightly, and buyers appear less aggressive than in previous weeks. New crop continues to be indicated around $20.00 per bushel FOB farm with a 10 bushel per acre Act of God clause, though many buyers are open to expanding past the standard 10bpa if you’re looking to lock in more tonnage. The outlook going forward is uncertain, but on farm inventories are dwindling and current values are still generating sales. Carryout will likely be next to nil, which should keep values supported until new crop is in sight of the bin.

There are no surprises in the mustard market as exports remain slow. Growers are hesitant to sell at current values, and buyers are cautious as export demand remains slow. Despite the 50 percent tariff, Russia continues to supply mustard to the EU, highlighting just how cheap they are willing to sell when compared to Canadian values. Acreage is still uncertain, but Canadian and US mustard area is expected to be down significantly year-over-year. Pricing remains similar to last week with yellow mustard at 44 cents on old crop and 46 cents on new crop. Brown mustard sits at 34 cents for old and 36 cents for new. Oriental mustard might see some 37 to 38 cent interest on old crop, but new crop is still at 36 cents/lb. New crop contracts still include full AOG for those considering making sales.

The oat market remains largely unchanged. Movement is slow, and pricing remains steady. Number 2CW oats are still being bid around $4.65 per bushel delivered plant, with local FOB pricing available. Call your grain merchant for values at the farm gate. Feed or lightweight oats are trading between $2.50 and $3.50 per bushel picked up, depending on weight. Buyers require specific bushel weights before finalizing deals, so make sure that information is on hand before marketing.

StatsCan’s 2025 seeded acre report is due Friday. Green lentil acres are still expected to be up significantly compared to last year, while red lentil acres are expected to be mostly flat. Recent rains have added some uncertainty to yield potential, with mixed reports from the field. Some areas have received enough rain to support growth, while others may now face disease or quality issues due to excess moisture. Lentil prices remain stable and have not reacted to weather systems yet, as it’s still too early for any major price swings. Old crop large green lentils are trading between 43 and 45 cents per pound FOB depending on location and movement, while new crop is sitting between 38 and 40 cents. Both old and new crop small greens are holding at 35 to 37 cents per pound. Red lentils remain lackluster and slightly lower in recent weeks with bids in the high 20 to low 30 cent per pound range. Prices are expected to stay relatively consistent unless major crop concerns develop in Canada or Australia.

Last week’s strength in wheat pricing was driven by weather-related delays in the US winter wheat harvest and a weaker US dollar. However, the market has pulled back today on news of improved crop conditions in central Russia, which has added an estimated 0.2 million metric tons to the country’s wheat outlook. Ukraine’s wheat harvest is also expected to begin this week, with early estimates aligning closely with export figures. Locally, much of the province has received moisture, which is spinning a more optimistic tone for many growers. That said, parts of southwest Saskatchewan continue to struggle, and there are questions surrounding durum and red winter crops in that region. On the buy side, there is interest in various feed wheat types, including red winter, soft white, and red spring. A number two red spring milling wheat with 13.5 percent protein is trading around $8.05 per bushel delivered, although that price may vary slightly between elevators. Feed wheat bids remain competitive, so it’s worth checking in with your grain merchant.

Soybean prices have started to slip, pressured by favorable weather across the US Midwest and a sharp drop in crude oil prices, which has dragged soybean oil futures lower after a recent run-up. Locally, soybean bids are hovering between $10.60 and $10.85 per bushel at the farm gate. StatsCan is forecasting an 11 percent decrease in dry bean acreage, bringing the total planted area down to 357,000 acres. Meanwhile, trade tensions have opened up some renewed interest from international buyers. Mexico’s winter bean harvest is reporting lower-than-expected yields, which could help support pricing. Dry beans are currently trading between 40 and 45 cents per pound delivered, with specialty classes seeing values at 55 cents and higher. On the export front, interest in faba beans remains limited. Farm gate bids are around $9.00 per bushel for export quality, while feed-quality faba beans are closer to $8.00. However, a recent increase in Australian prices may create opportunities to bolster Canadian exports in the near term.

Canary seed growing areas in Saskatchewan received a good shot of rain over the weekend, particularly on the west side of the province where several days of timely moisture may prove to be “a game saver”. This should help keep the crop progressing nicely for now, despite bids remaining largely sideways. The market outlook remains steady according to most buyers, supported by expectations of a decent-sized crop and inventories that continue to generate debate. Old crop bids are holding at 29 to 30 cents per pound picked up on the farm, while new crop remains in the 27 to 28 cent range with an Act of God clause attached.

Barley markets have remained active and steady over the past couple of weeks. Canadian growers are moving old crop to make room for the upcoming harvest, and US bushels have begun flowing more consistently than when tariffs were first introduced. The market appears to be adjusting values to meet the challenge while still managing to draw grain north. That said, any further decline in corn values could quickly shift this dynamic. Old crop barley is currently trading between $5.25 and $6.00 per bushel FOB farm across the Prairies, while prices in Montana are ranging from $4.40 to $4.80 USD per bushel. Much of Western Canada received rainfall over the past week, which could put a cap on prices in the near term. If these values are close to your target, now may be a good time to put some offers on the table.

Pea prices are getting a little tougher to pin down this week, as bids have become more elusive. Yellow peas are still trading around the $10.00 per bushel delivered-to-plant mark in some areas, though bids depend on location and buyer. Some buyers are shifting their focus to new crop, while others are stepping back entirely to wait and see how the crop progresses. Green peas continue to see some spot interest, with prices ranging from $15.50 to $16.75 per bushel picked up on the farm. However, the higher end of that range is hard to come by, as those opportunities are limited. The better prices on green peas generally require strict specs, including bleach levels below 3 percent. Maple peas remain a difficult sell. A few buyers are showing interest, but bids are typically in the $13.00 to $14.00 per bushel range, and most growers are choosing to hold firm rather than sell at those levels. New crop bids are sitting at $13.00 per bushel for both green and maple peas, while yellow peas are around $9.00 to $9.50 per bushel picked up on the farm with an Act of God clause. Buyers are still offering contracts for the first 10 to 15 bushels per acre, and with recent rainfall in many areas, growers may want to give some thought to locking in green peas at current levels.

Widespread rain and pressure from competing vegetable oils and European rapeseed have pulled canola values down, with the market trading roughly $50 per metric ton lower than just a few days ago. While it held some support heading into the weekend, much of the recent gains in July futures have retracted, and canola now trades at $698.00 per metric ton at the time of writing. StatsCan is set to release updated acreage estimates later this week, followed by the USDA’s report next Monday. The Canadian report is expected to show an increase in canola acres over the previous estimate, and the U.S. report may influence soy markets, which in turn could impact canola pricing as well. Locally, canola is trading at $15.75 per bushel delivered in northwest Saskatchewan for summer delivery, and between $15.45 and $15.55 for fall shipping. In east-central Saskatchewan, old crop is trading at $15.20 delivered, with new crop closer to $15.00. For FOB farm or heated canola bids, reach out to your merchant with specs.

Chickpea markets remain quiet as June comes to a close. Larger-sized Kabuli chickpeas continue to be difficult to move, with limited buyer interest. Smaller Kabulis are still trading in the 30 to 32 cent per pound range, supported by some ongoing trade activity in South Asia. However, prices on small calibers may continue to soften due to ample supply. Large-sized chickpeas are likely to remain quiet heading into harvest. There is some disagreement in acreage estimates, with StatsCan projecting a 6 percent decline from last year while LeftField estimates an 8 percent increase. It will be worth watching to see if StatsCan revises its figures in the upcoming update, but even if acres shift, the impact on market pricing will likely be limited until there’s stronger demand in global markets.

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.