Flax prices saw another bump this past week, with $21.00/bu picked up in most areas. New crop remains flat at $17.00/bu FOB with an Act of God clause. While there may be last-minute interest in adding flax to rotations, analysts don’t expect this to meaningfully boost 2025/26 supplies. March saw increased exports to the U.S. and China, while April included bulk shipments to the EU. However, with tighter supplies, assembling large export shipments could be challenging. Kazakhstan flax is also flowing into Europe and China, though those supplies are reportedly limited as well. These factors may support short-term pricing, but eventually, available volumes will be insufficient for larger bulk shipments until the 2025 harvest arrives.

Canaryseed hasn’t followed the typical seasonal pattern for peak pricing in 2025, likely due to soft demand from the EU. Prices have held steady over the past month, with bids in the 29–30 cents/lb range. New crop pricing has weakened, with buyers appearing comfortable with current purchases and projected slight acreage increases for 2025. For those holding canary in the bin, it may be a good time to lock in some value, as prices are expected to decline with the upcoming harvest. Reports indicate ample supplies remain in storage, making a late season rally unlikely.

The pea market enters another subdued week. While a seasonal downturn is normal heading into summer, recent tariff impacts have accelerated the slowdown. Yellow peas are holding at $10.00/bu picked up for old crop with prompt movement, while new crop is sitting between $8.50–$9.00/bu picked up. Southeast Saskatchewan may offer a premium for glyphosate-free product with movement pushed into 2026. Green peas are at $17.00/bu delivered for #2 quality, and new crop remains at $12.50/bu picked up. Maple peas continue to see values posted at $12.00/bu for both old and new crop, but no trades are being reported at these levels.

There’s little news to report on oats. Pricing remains at $5.00/bu delivered for good #2 quality into Manitoba, with $4.50/bu delivered available within Saskatchewan. Some light oats have traded around the $3.00/bu mark—higher than seen previously making this a good time to market any off-spec product before the bins fill up again. If you’re looking to move oats before new crop, knowing your quality and weight is key. Heavy feed oats may fetch better values, so reach out to your merchant for local picked up pricing.

The chickpea market has remained generally flat, although minor price spikes have occurred with select opportunities. The key continues to be proactive marketing—placing firm offers and providing clear sizing specs. Old crop values are around $0.33–$0.35/lb FOB farm for minimum 20% 9mm sizing, with premiums seen for lots exceeding 40% 9mm. New crop values are similar, but trade activity has been minimal. If forecasts for increased 2025 acres hold true, a market dip would not be surprising.

Bean bids remain sparse in both Canada and the U.S., as comfortable supply levels keep values flat. Canadian faba bean exports dipped in February but still surpass last year’s pace. Australia’s strong exports are tightening global stocks and boosting prices. Mexico’s winter bean harvest is nearly complete, with yields slightly below average. U.S. February exports rose, led by kidney beans, though overall marketing year exports are trailing despite a 31% larger crop. This implies substantial ending stocks—especially for black and pinto beans—which could pressure prices into the 2025/26 season. The dry bean market remains muted, with high supplies capping prices. That said, certain types like white and kidney beans are seeing support due to tighter availability. Planting intentions for 2025 remain strong, reinforcing a flat price outlook assuming cooperative weather.

Barley continues to show life with buyers on the hunt for product. Old crop feed barley bids are sitting in the $5.25–$6.00/bu FOB farm range for May–July delivery. However, prices may soften as harvest approaches, especially if rainfall improves prospects. These current numbers are considered “sell” levels for feed barley. New crop pricing is around $5.00–$5.25/bu FOB farm, with stronger values near feedlot alley. Maltsters remain quiet, with very little firm programs and pricing to report. Some have already covered their needs, but if you have good quality and grades in hand, a well-timed offer could attract interest.

Canola prices have moved mostly sideways this week, with July futures holding around the $700/MT mark. Summer delivery contracts pushed bids into the mid-to-high $15/bu range at several locations earlier in the week, and current values remain close to that. If you have a target price in mind, consider submitting a firm offer—some have successfully secured small premiums with this marketing strategy. Basis levels are showing signs of improvement, so canola bids will be worth monitoring as supplies continue to tighten. Seeding is well underway across most areas of the province. Moisture conditions are off to a decent start, but as always, we’re just a couple of dry weeks away from needing a top-up.

The lentil market remains quiet again this week, with little in the way of price movement. Demand has been soft over the last several weeks, making it harder to find firm bids. According to CGC export statistics, lentil shipments were significantly lower in March, and based on April trade, that trend is likely to continue. There appears to be slightly more interest in red lentils than greens at the moment, though bids remain range bound. Buyers are becoming increasingly concerned about the condition of large green lentils still in storage, particularly with regard to colour and the number of splits showing up. Before making shipments, it may be worthwhile to resample bins and send in an updated sample to ensure quality. Red lentils continue to trade between 32 and 33 cents per pound FOB farm for old crop, with new crop in the 28 to 29 cent range including an act of God. Large green lentils are seeing old crop trades between 47 and 49 cents, with new crop at 40 cents FOB with an act of God. Small greens are trading at 42 to 44 cents for old crop, and 34 cents for new crop, also including an act of God.

The wheat market is holding steady with a sense of cautious optimism beginning to build. Trade talks between the U.S. and China are set to begin this week in Switzerland, which could influence global demand in the coming months. At the same time, Henan Province—China’s key grain-producing region—is experiencing adverse temperatures, which could potentially lead to increased demand for higher-quality wheat imports, possibly shifting attention toward Canadian product rather than Russian or Kazakhstani supply. Spot bids for #1 red spring wheat with a minimum 13.5 percent protein have been popping up between $8.00 and $8.15 per bushel delivered to plant. The feed wheat market also remains strong, with FOB farm bids ranging from $7.25 to $7.75 per bushel, particularly firm near Alberta’s feedlot alley. Buyers are still showing interest in soft white wheat as well. Durum values continue to trade flat for both old and new crop in the $8.50 to $8.75 per bushel range.

Mustard continues to trade sporadically in what remains a tough environment overall. There has been some new crop trading this week, driven in part by the advantage of September to December movement in certain instances, with an act of God still available. Old crop yellow mustard is trading around the 45 cent per pound FOB farm mark, while new crop has seen slightly higher values at 45 to 46 cents per pound including act of God. Brown and oriental mustard are both seeing bids around 35 cents per pound FOB farm for old and new crop, with some interest in firm targets reaching 36 cents per pound. If you’re holding or growing mustard—send in an offer, and we’ll work to get a deal done.

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.