Oat markets continue to move along quietly with little news to report as we reach mid-November. Milling oats are quoted between $3.30 and $3.50 per bushel delivered to various locations, and although bids are not particularly strong, some buyers currently posting no bid at all, making available options worth considering. Delivery windows are generally being pushed into the spring or even summer months, which is typical for this time of year. Much of the demand has already been covered through new crop contracting earlier in the season. There have been early rumblings of 2026 new crop pricing, with indications ranging from $3.75 up to $4.00 per bushel delivered, depending on delivery timing and those interested in securing production contracts are encouraged to reach out to their merchant. Old crop feed oats remain around $2.25 to $2.50 per bushel FOB farm range, in light trade. Producers with specific target prices in mind for feed or milling quality may want to consider posting firm offers, as this could open the door for opportunities above current indications.

The pea market remains largely sideways following India’s imposition of a 30% import tariff. Canadian supplies are higher this year, and large production out of the Black Sea region is adding further competition in export markets. While reports suggest Chinese warehouse pea stocks have declined, any potential softening of China’s 100% tariff on Canadian peas remains unlikely for now. Current bids are sitting around $7.00 per bushel FOB farm for yellow peas, $10.00 to $10.25 for green peas, and $9.00 to $10.50 for maple peas depending on variety. Some specialty yellow pea markets that include restrictions on chemical use and other factors are available and offer stronger values. Be sure to ask your merchant if these types of markets may be a fit for your product.

Flax markets have remained steady in recent weeks, with both bids and movement showing little change. Current purchase pricing holds in the $16.00 to $16.50 per bushel range picked up on farm with movement largely quoted for Q1 of 2026, and potential for slightly stronger values into the spring. Global markets continue to react to large production overseas, keeping a lid on any nearby price strength. For the time being, Canadian supplies are primarily moving into the U.S., where demand has been stable but not strong enough to support a rally. Speculative interest has been limited as supply concerns remain minimal. There continues to be buying interest for yellow flax, with indicated bids around $21.00 per bushel FOB farm or slightly stronger pending freight area.

Mustard markets remain in a sideways pattern this week. Saskatchewan Agriculture recently released a report highlighting significant quality concerns in this year’s crop—something that has been on the radar for the past few months. Only 55% of the crop is grading #1, well below the 10-year average of 74%. Another 20% is grading #2, 6% #3, and a notable 13% is coming in as #4 or sample grade. Producers are encouraged to send in their harvest samples as soon as possible for grading, as there are limited markets available for off-grade product. Current pricing sees yellow mustard trading around 41 cents per pound FOB farm for December–January movement and 42–43 cents for later new year delivery. Brown mustard continues to trade near 35 cents per pound, while oriental holds around 43 cents. New crop pricing options for the 2026/27 crop year are expected to emerge soon, and seed is available for delivery to the yard—contact your merchant to arrange supply.

Chickpea markets remain steady this week with little change in pricing. Producers are continuing to receive grading results, and it’s becoming increasingly clear that green count issues are widespread across this year’s crop. Bids firm, though unchanged, with #2 Kabuli chickpeas trading in the $0.31–$0.32 per pound range FOB farm, with final values still largely based on sizing. Lower grades, including #3 and sample quality, are trading around $0.15 per pound FOB. While overall volumes remain limited, there appears to be a home for all qualities. Looking ahead, early profitability projections place chickpeas among the top ten crops for return on a #2 grade next year. It may feel early to discuss new crop planning, but early reports of poor germination and disease issues may cause an increase in demand for planting seed longer term. Planning ahead of normal could prove beneficial this year!

Canada’s Agriculture Minister, Heath MacDonald, has brought renewed optimism to the canola market, announcing improving trade relations between Canada and China as both countries work to resolve ongoing issues. In addition, Pakistan is preparing to resume canola imports from Canada after a three-year pause—an encouraging sign following its late-2023 approval of amendments to biosafety rules that permit genetically modified crop imports for food, feed, and processing. Since then, the delay has largely been due to licensing requirements for importers. At the time of writing, November canola futures are trading around $632.50 per metric tonne, with January at $639.80 and March at $650.90 per tonne. Local cash bids sit at $13.50-$14.50/bu delivered plant pending shipping window and basis levels.

The latest Saskatchewan Agriculture Crop Report has pegged provincial canaryseed yields at just over 27 bushels per acre, roughly 4.5 bushels higher than the ten-year average. While some regions reported exceptional results, yields in the southwest corner of the province were notably lower, pulling down the overall average. With strong production across much of the province, current supplies are ample and prices continue to reflect this year’s large harvest. Local canaryseed bids remain steady, sitting in the $0.19–$0.195 per pound FOB farm range. The higher end of that range applies to early 2026 shipping, while deferred delivery is not currently fetching a premium due to abundant supply. For those looking to refresh their seed supply, there will be several options available this year—contact your merchant for details.

In wheat news, China and the U.S. are progressing toward a trade agreement, with China recently purchasing two cargos of U.S. wheat for end-of-year shipment. Reports also suggest China plans to remove its 15% retaliatory tariff on U.S. wheat and other agricultural products. The market responded positively to this development, and as of writing, all wheat futures are trading steady to slightly higher. Meanwhile, wheat harvests are underway in both Australia and Argentina, with early reports pointing to strong yields. Locally, CWRS with 13.5% protein is trading around $7.05 per bushel delivered into West Central Saskatchewan for November–December shipment. CPSR is quoted at $6.50 per bushel delivered Central Saskatchewan for February, and CWAD sits around $8.25 per bushel delivered Southeast Saskatchewan for summer 2026 shipping. Feed wheat continues to trade actively, with bids ranging from $6.00 to $6.25 per bushel FOB farm depending on quality and weight. Triticale bids have also surfaced between $200 and $210 per metric tonne. For any off-spec wheat, contact your merchant to source a bid suited to your specific quality and volume.

Lentil markets remain steady this week with minimal movement in pricing. Large green sales picked up slightly, with trades reported at 28 cents per pound FOB farm for Dec/jan movement. One offer at 30 cents delivered into the plant was also triggered, showing that some targeted opportunities still exist. There has also been renewed buyer interest in lower-grade large green lentils, with X3s trading around 22 cents per pound FOB farm, while #3’s are priced between 19 and 20 cents, both for Dec/Jan shipping. Buyers continue to show little to no interest in lower-grade small green lentils, but current bids for #1 spec sit around 22 cents per pound on limited volume. Overall, prices have held firm since the modest rebound following harvest pressure, with no clear signs of major upward movement on the horizon. Red lentils are also steady at 23 cents per pound delivered. The ample on-farm supply continues to act as a cap on potential price gains, and while steady sales could help support current values, any notable increase in farmer selling is likely to soften the market.

Barley markets continue to trade sideways with little change in pricing. Current feed bids range from $4.25 per bushel in northeastern Saskatchewan to around $5.00 per bushel in Alberta, picked up on the farm. Some buyers are showing a bit of carry into spring and summer delivery for those willing to store grain. Malt opportunities remain limited, as bids are scarce, but producers with firm targets on malt-quality barley are encouraged to speak with their merchant—maltsters have indicated they are open to considering offers. Feed grain supplies appear plentiful this year, with an abundance of lower-quality cereals and pulses on the market, while Canada’s smaller cattle herd is providing little support for feed demand. For now, the market looks rangebound, though any strength in the corn market or progress in trade relations with China could provide some upside if conditions align. For the time being, it’s a wait-and-see scenario as the market unfolds.

Anticipation surrounding a potential trade agreement with China has provided some upward momentum in the soybean market, though many participants remain cautious as concrete details have yet to emerge. China has recently increased its purchases of Brazilian soybeans, taking advantage of lower South American prices that have softened amid optimism over a possible U.S.–China trade deal. Some light rainfall in Brazil is also expected to help early crop development. Locally, soybean bids range between $12.50 and $12.75 per bushel FOB farm. In the dry bean market, North America is expected to see strong supplies of both black and pinto beans. However, demand from Mexico is anticipated to normalize as the country sources more product from other global suppliers, which may apply some downward pressure on prices. Minor bean varieties, on the other hand, are likely to benefit from tighter supplies, supporting stronger bids. Current prices for black and pinto beans are sitting near 30 cents per pound, while smaller specialty classes are trading closer to 60 cents per pound. Export interest in faba beans remains limited, with bids around $8.00 per bushel for export quality and roughly $7.00 per bushel FOB farm for feed-grade product.

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.