Oat markets continue to follow similar trends and patterns seen over the past few months. Old crop milling purchase interest remains relatively quiet, as most have filled their nearby needs, though, there have been indications this week around $3.00/bu FOB farm for June–July shipment. That said, the buying pool isn’t deep available tonnage is limited. If this is a value you are considering, it would be worth acting sooner rather than later. While demand for both milling and feed oats is not particularly strong at the moment, firm offers and targets continue to generate some one-off type deals, making that a worthwhile strategy if you have a sell price in mind. Discussion around new crop is minimal, as many buyers have secured enough coverage to carry them into the winter of 2026. Even so, the same approach applies on new crop — firm offers and realistic targets are what tend to catch buyers’ attention.

Canaryseed has largely flatlined over the past week, with no notable price increases or declines. Old crop indications remain around $0.18-$0.19/lb FOB farm, depending on location and delivery timing. New crop contracts are being offered at similar levels, also around $0.19/lb FOB farm, including an Act of God clause. With both old and new crop trading at comparable values, it suggests that any significant price rally for spot purchases is unlikely in the near term. We continue to see sporadic sales into the market, and with ample on-farm supplies expected to move throughout the year, this pattern may persist. Locking in some tonnes for the 2026 growing season could make sense at current levels, providing guaranteed movement and some harvest cash flow.

The pea market remains generally unchanged week over week. The only notable update has been a slight bump in old crop yellow pea values with bids at $8.00/bu FOB now available in most areas for April–May movement. New crop yellow peas remain quiet, with indications around $7.00/bu picked up with an Act of God clause. Old crop green peas are trading at $10.00–$10.50/bu picked up, based on a maximum of 3% bleach. There are also options around in the $8.00/bu range for higher bleached product. New crop green peas are indicated at $8.50/bu picked up with an Act of God clause. Maple peas are becoming more difficult to find firm old crop bids on, but indications are in the $11.00–$12.00/bu picked up range. Unfortunately, a now signed deal with China failed to perk markets up thus far. New crop maple pea values are indicated at $10.50–$11.50/bu picked up, depending on variety, with an Act of God clause included.

Flax prices remain sideways again this week for both old and new crop. Old crop values are sitting between $16.00–$16.50/bu FOB, with movement pushed into late spring. There are some new crop indications around $17.00/bu delivered into eastern Saskatchewan, but this has yet to drum up much for sales. Competition from overseas markets, primarily Russia and Kazakhstan, continues to cap pricing. Canadian values need to remain competitive to move additional volume into China and the EU, although the majority of current shipments are still destined for the U.S. With comfortable global supplies, prices are expected to remain relatively stable through the remainder of the crop year. If seeded acres increase in 2026, the likelihood of a significant rally in the near term becomes even slimmer.

Wheat has been a topic of coffee room discussion again this week, though not necessarily for positive reasons. Overall values remain relatively stagnant, similar to what we have seen for much of the year. Old crop red spring wheat is being indicated around $7.75/bu delivered to various locations. Durum prices are not far off, with bids generally quoted in the $7.75–$8.00/bu range. There is still some interest in old crop feed wheat, trading between $6.00–$6.75/bu FOB farm depending on freight zone and delivery timeline. Seeding intentions across the Prairies appear largely unchanged from previous years. Durum growers are expected to stick with durum, and wheat growers with wheat, making any significant acreage shifts across the region unlikely.

Canola continues to show strength, with March futures trading at $696/MT and May at $707/MT. The rally is being supported by higher crude oil prices amid conflict in the Middle East and concerns over a potential closure of the Strait of Hormuz. News of tariff reductions from China has also created optimism that Canadian exports could see improvement. In West Central Saskatchewan, current bids are $14.85–$14.95/bu delivered for March through May movement, with new crop around $14.40/bu delivered to plant. Northwest Saskatchewan is seeing a wide range on old crop values, from $14.80–$15.60/bu for March–July delivery, with stronger pricing tied to summer movement. Eastern Saskatchewan continues to show strong bids, with May delivery quoted at $15.60/bu, July at $15.75/bu, and new crop ranging from $15.30–$15.55/bu delivered depending on timing. For FOB farm bids or pricing on heated or off-spec canola, reach out to your merchant for location-specific opportunities.

Chickpeas continue to move through the trade as buyers structure programs to help sellers work through high green count, high moisture, and damaged production. Contracts are still being written for No. 2 Kabuli chickpeas at $0.27/lb FOB farm with a minimum 30% 9mm size. Freight sensitivity applies to each trade, but this bid level appears to have traction across most of Western Canada. Seed cleaning is underway and plans are being made for next year. Some growers are finding lower-than-expected germination on retained seed and will be sourcing replacements. It is important not to leave this too late—get seed tested early so you know exactly what you are working with. At this point, there have been no new crop contracts offered. Market sentiment remains difficult to gauge, as uncertainty lingers around intended acreage and the volume of bushels that will carry over into the second and third quarters. Despite that, trade remains slow but steady, and there continues to be a home for most quality profiles.

Strong export demand is supporting feed barley prices, with recent buying interest from China pushing new crop values roughly $40/MT above the lows. Feedlot Alley remains generally well covered for nearby needs, resulting in a somewhat split market, though stronger prompt demand could provide additional upside. U.S. corn imports have slowed, but if barley prices continue to climb, competitively priced corn could work its way back into feed rations. As spring approaches, some volatility should be expected, particularly if improved moisture conditions encourage additional producer selling. For now, the tone remains steady to firm, with Saskatchewan farm gate bids typically ranging from $4.50–$5.10/bu FOB farm depending on location.

Lentil markets are quiet again this week, with trade activity extremely slow to start. Less than 500 MT of all classes have moved so far and, sellers appear uninterested in current bid levels. Buyers seem well covered and are not actively chasing product that is being offered as well, creating a stalemate. There is also limited interest showing on new crop programs at this time. Old crop pricing for large green lentils is around $0.25/lb FOB farm for a No. 2. X2s may reach $0.27/lb FOB farm. New crop large greens are indicated at $0.24–$0.25/lb FOB farm, depending on location. Small green pricing is becoming more difficult to establish. No. 1s are trading at $0.19/lb FOB farm, with the possibility of $0.20/lb FOB if you are fortunate. No. 2s are around $0.16/lb FOB farm. One or two buyers have advertised new crop No. 1 small greens at $0.20/lb FOB farm with an Act of God clause. With projected carryout for all lentils sitting near 1.54 million tonnes, there is little currently suggesting a significant rally in the near term. At this stage, the downside risk appears greater than the upside potential.

There has been little change in the mustard market this week. Old crop yellow remains in the $0.36–$0.37/lb FOB farm range, with bids potentially available for lower grades on a case-by-case basis. Old crop brown is steady at $0.30–$0.31/lb FOB farm, while oriental remains relatively firm at $0.44–$0.45/lb. Prices can fluctuate by a cent or so depending on delivery timing, location and variety in some instances. New crop values are trading, with yellow leading the way at $0.40–$0.42/lb, followed by oriental at $0.37–$0.39/lb and brown in the $0.32–$0.34/lb range. Bids for new crop also vary depending on movement timing, and in some cases values are slightly stronger than current spot values. All new crop contracts include an Act of God clause. Contact us to discuss certified seed options and delivery to your farm, as several programs are available.

Soybean futures pulled back overnight as traders monitored crude oil markets and developments in Iran. The soy complex continues to draw support from expectations of increased biofuel blending mandates and a smaller Brazilian crop forecast. The upcoming USDA report will begin assessing the impact of recent Chinese soybean purchases. Local bids for soybeans are currently ranging from $13.00–$13.50/bu FOB farm. Across North America, supplies of black and pinto beans remain strong, though inventories are starting to tighten. Mexican demand is expected to ease back toward more typical levels due to competition from other global suppliers, placing some downward pressure on black and pinto bean prices. Bids for these classes are currently around $0.28–$0.30/lb. In contrast, smaller specialty colored beans are seeing stronger demand and firmer pricing due to tighter supplies, with bids approaching $0.60/lb or higher. Export interest in faba beans remains limited, with farm gate bids around $8.00/bu and feed quality product closer to $7.00/bu FOB farm.

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.