Domestic oat acres for 2025 are expected to remain consistent with last year, with supply and carry-out projections also closely following previous figures. However, domestic carry-out levels are anticipated to remain historically low. Global oat production is forecasted to increase, though it may still fall short of the five-year average, meaning major growing regions will require above-average yields to restore comfortable supply levels. Old crop oats are trading around $4.50/bu FOB farm. There is modest interest in lightweight oats, with values ranging from $2.75 to $3.50/bu FOB. New crop values are currently sitting near $3.25–$3.50/bu delivered.

Canola has seen some recovery after a sharp drop early in the week, when July futures fell nearly 30 points. At time of writing, about half of those losses have been recovered, with July futures sitting at $704/MT and November futures at $684/MT. As we near the seasonal rollover, those looking to make sales should take futures spreads into account. Much of the canola-growing region remains dry, and many growers are choosing to hold off on selling until crop development becomes clearer—a decision that’s tough to argue against. Delivered bids remain in the mid $15/bu range in some parts of the province, with fall pricing closer to $14.00/bu.

The lentil market continues to soften as old crop prices converge with new crop levels. The summer lull is setting in, with attention now turning to crop performance. Grower concern is rising, as last week’s above-normal temperatures and persistent winds have further dried out already-depleted topsoil. Crops are still hanging on, but rainfall is needed in most areas. Old crop red lentils are trading at 32 cents/lb FOB farm, while new crop has seen trades up to 30 cents with an Act of God clause. Large green lentils are topping out at 45 cents FOB for old crop and 42 cents for new crop with AOG. Small greens are trading at 39 cents (old crop) and 36 cents (new crop, AOG).

Mustard remains in a holding pattern. Buyers are not aggressively seeking large volumes, but light trade continues. Yellow mustard is trading between 44–45 cents/lb, with relatively quick pickup available for those needing cash flow or bin space. Brown mustard bids are at 34–35 cents/lb, and oriental mustard is in a similar range. New crop values for all classes remain steady, with AOG clauses and pickup at the farm. Rain will be needed soon in key mustard-growing areas, and weather will be an important factor to watch in the coming weeks.

Soybean futures have rebounded slightly from four-week lows, supported by rising crude oil prices. Despite this, the technical outlook remains bearish due to swift planting progress, weak exports, and U.S.-China trade uncertainties. USDA crop ratings show soybeans off to a good start. Local farm gate bids are between $10.75 and $11.50/bu.
StatsCan is projecting an 11% reduction in dry bean acreage, now pegged at 357,000 acres. Lower yields in Mexico’s winter harvest and recent trade disruptions have triggered renewed international interest. Dry bean bids range from 40–45 cents/lb delivered, with some specialty classes reaching 55 cents or more. Faba bean exports remain sluggish, with farm gate bids around $9.00/bu for export quality and $8.00/bu for feed. Rising Australian faba prices may improve Canadian export opportunities.

It’s another quiet week for chickpeas. Markets remain focused on weather, tariffs, and global dynamics, but actual trade is nearly nonexistent. Buyers are open to new crop acres, but the bids they’re offering aren’t translating into contracts. Sellers remain hesitant to firm up offers, worried they’ll miss better opportunities later. It’s increasingly likely this crop will go in largely uncontracted, creating a potential surge in marketing activity this fall. For those still holding 2023 production, logistics and storage capability will be key. Be ready—when buyers come back to the table, they’ll be looking for real offers on available bushels.

Barley markets continue to see selling interest as we near harvest. Old crop bids range from $5.25 to $6.00/bu FOB farm, depending on freight and delivery timing—strong values for anyone looking to clear bin space. New crop feed barley is indicated around $5.00/bu FOB, with better pricing closer to southern Alberta’s feedlot alley. Firm offers are still drawing attention and can squeeze out a few more cents. On the malt side, conversations remain quiet. Maltsters appear content with their current supply, and feed barley prices are offering stiff competition for acres. Eventually, malt demand will return, but for now the market remains in wait-and-see mode.

Canaryseed remains flat as seeding wraps up in many areas of the province this week. Old crop bids continue to show a value around the 29-30 cent FOB mark, while new crop sits at 27-28 cents/lb on farm with an Act of God up to 10 bushels per acre. Trading continues to be sluggish with both buyers and sellers are not overly aggressive. The story remains the same: a good-sized crop is expected to be planted, and inventory is showing a decent amount on farm. This leads to the likely situation of flat pricing for the near term as we watch the weather forecast. Call us with any firm targets and location as bids can vary slightly.

Spring wheat seeding is nearly complete across North America—93% in Canada and 87% in the U.S. Moisture concerns persist across the Prairies, while China and Australia also deal with hot, dry weather. Despite challenges, the U.S. winter wheat crop is progressing well. Wheat futures are mixed today, as global markets begin incorporating new crop data. Local feed wheat bids remain in the $7.25–$7.75/bu FOB farm range, with stronger pricing closer to feedlot regions. In Central Saskatchewan, delivered bids for CPSR sit at $8.05/bu and CWAD at $9.00/bu for summer movement. Alberta wheat into Lethbridge is bid at $8.35/bu for June–July delivery, and $7.85/bu for new crop. For other wheat classes or off-spec varieties like triticale or rye, contact your merchant for pricing.

Positive news came this week as India extended its zero-import tariff on peas through March 2026. While this hasn’t moved Canadian prices yet—India still has ample stocks—it sets a more optimistic tone for new crop export potential. Weather remains a concern in several pea-growing areas, and the market will be watching rainfall closely. Pricing is mostly flat week-over-week. Old crop yellow peas are bid at $10.00/bu picked up, with new crop at $9.50/bu. Green peas are trading at $16.00–$16.50/bu for old crop and $13.50/bu for new. Maple pea interest remains quiet, with soft bids of $12.00–$13.00/bu for both old and new crop.

Flax prices remain firm, ranging from $22.00–$24.00/bu picked up, depending on location and timing. New crop is trading around $20.00/bu FOB with an AOG clause. Supplies for 2025/26 are expected to stay tight. While the Black Sea region may increase production, it likely won’t be enough to balance reduced Canadian output. Even with added acreage overseas, global production may fall short of rebuilding flax inventories. Chinese imports have dipped since April, with Russia dominating supply. The EU, having built up stocks earlier, began 2025 with lower import volumes. However, some late Q1 movement was noted through Thunder Bay, suggesting export activity is beginning to pick up again.

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.