Canaryseed has drawn a bit of interest this week, with spot purchases indicated around $0.19 per pound FOB farm for December and January movement. It’s hard to know how long these values will stick but given the current supply-and-demand balance, it likely won’t take much for buyers to fill their needs at these levels. Even so, a few buyers are poking their heads up at these prices, so the opportunity to lock something in feels legitimate. Moving a portion of what’s sitting in the bins right now may make sense to bring some cash flow back onto the farm. Holding out for a major rally doesn’t seem like the play this year, considering how much supply is poised to hit the market. Chipping away at spot sales might be the most practical route to ensure you capture some value while it’s on the table. It’s also worth remembering that canaryseed values can drop quickly if selling volumes suddenly become heavy.

The pea market has taken on a slightly softer tone this week. Yellow peas still show sales opportunities at $7.00-$7.50 per bushel, though some buyers have started to ease back and movement windows are being pushed further into 2026. Green varieties are sitting around $10.00 per bushel picked up on a max 3% bleach, though late last week targets proved to be an effective marketing tool as a handful of growers had their offers trigger at $10.25-$10.50/bu FOB. Buyers aren’t showing much interest in higher-bleached product, but a few lots have traded on reasonable firm offers. Maple peas continue to hold the line at $10.00–$11.00 per bushel range picked up, contingent on variety. Overall, buyers are waiting for changes to Chinese tariffs before expecting any meaningful shift in pricing.

Feed barley markets remain firm as buyers continue the search for heavy and dry product this week. Growers should be prepared for shipping windows to generally push into the first quarter of 2026, though small windows of opportunity for December delivery may still be attainable. Firm offers continue to attract attention, with trade hitting the books between $4.50 and $5.00 per bushel picked up in Sask, while bids over $5/bu have been seen in Alberta due to its close proximity to feedlots. Malt barley markets remain inactive, with little to no price indications available at the moment. As always, we encourage growers to bring their spec sheets and pricing targets forward on malt.

Flax prices continue to vary largely by location and shipment timeline, with values ranging from $16.00-$16.50 per bushel picked up. Quality is an important factor this year, particularly regarding dockage. Some markets cannot handle canola contamination in flax, which may require a different marketing approach—Rayglen can assist with that. Price peaks in flax tend to be seasonal, often showing up when export demand increases, such as now and again once the seaway opens. With Thunder Bay shipping channels closing soon, sales are likely to continue flowing primarily into the U.S. Higher supplies from the Black Sea region are filling key markets, keeping nearby pricing flat. For those with yellow flax on hand, demand remains solid, with movement available at $21.00 to $22.00 per bushel FOB.

Oat markets have seen little change in recent weeks as buyer demand stays slow following a strong harvest. Saskatchewan Crop Reports pegged provincial oat yields at 94.4 bushels per acre, the highest among spring cereals, with grading coming in at 35% #1CW and 55% #2CW. This leaves buyers with a strong pool of good-quality product. Current bids for #2 milling oats sit around $3.75 per bushel delivered into eastern Saskatchewan for April–August delivery, with new-crop bids for September–December offered at the same level. For those willing to store product into next year, bids may reach $4.00 per bushel delivered for first-quarter 2027 movement. For quicker movement this year, shipping opportunities remain available, with bids around $3.00 to $3.25 per bushel FOB farm depending on quality and location. Feed oat interest has also picked up lately, with bids near $2.50 per bushel FOB farm, again depending on bushel weight and freight.

Wheat markets softened further late last week but have inched back up through mid-week at time of writing on Wednesday morning. The moves have been modest, leaving farm-gate pricing mostly unchanged. #1 CWRS continues to trade in the $7.15–$7.30/bu delivered range depending on location and delivery window. Durum remains in the mid-$7s for #1 quality in most locations, with the southeast still seeing bids above $8/bu for summer and further out movement. Canadian wheat exports are running 14% ahead of last year’s pace, which should help keep the carryout manageable heading into the summer. Even so, North American prices will need to stay competitive with Australian and Argentine supply, so a major upswing does not appear likely in the near term. Feed wheat is trading around $6.00–$6.50/bu FOB farm in Saskatchewan, with southern Alberta again showing slightly stronger values. There is also some interest in soft white wheat, with bids in the $6.00–$6.25/bu picked-up range.

There isn’t much new to report on mustard markets this week, though there are hints of a mild upward trend developing for brown varieties. Brown mustard has nudged into the 36- to 37-cent range, and putting out an offer at 38 cents could prove beneficial if you’re comfortable with a longer shipment window, possibly pushed out to March 2026. Yellow mustard remains largely bid between 41 and 43 cents depending on movement, though similar to brown, testing the market with slightly higher offers for longer shipment timelines is worth a shot. Oriental continues to hold steady at 43 to 44 cents, and an offer around 45 cents may be worth considering. Planting seed remains available, with all types accessible and including delivery to the yard. You can secure seed without needing a production contract, and special pricing is still available for seed booked before December 31^st. Contact your merchant for details.

The federal budget and a difficult trade environment continue to pressure Saskatchewan canola producers. Speaking at a recent SUMA event in Regina, Finance Minister François-Philippe Champagne acknowledged that farmers are “feeling headwinds” from weak markets and global uncertainty. Depressed prices persist, and with harvest now complete, many growers are finding it difficult to move canola as shipments to China have largely stalled. The federal government continues to push for more diversified export markets to reduce reliance on the U.S. and China. Futures at time of writing show January canola at $652.80/mt and March at $665.50/mt. For marketing decisions, it remains important to watch local basis levels and weigh them against storage costs, available bin space, and potential quality loss. There is also some talk in the trade about heated canola. We currently have buyers who are interested in purchasing at competitive values for prompt shipping. Call your merchant for farmgate tailored bids.

Soybean futures saw a small boost on Tuesday on hopes for additional Chinese buying following a stretch of purchases over the past couple of weeks. Even so, the market remains cautious about the follow-through on the Chinese trade deal. Dryness linked to La Niña continues to affect parts of Brazil. Local soybean bids are currently ranging from $13.00 to $13.25 FOB farm. North America is expected to have adequate supplies of black and pinto beans, and with Mexico seeing more competition from other global suppliers, demand is likely to settle back to more typical levels. This is putting downward pressure on black and pinto prices. Minor bean classes, on the other hand, are positioned for stronger demand and firmer values due to tighter supplies. Current bids for black and pinto beans are around 30 cents per pound, while minor specialty varieties are drawing bids close to 60 cents or higher. Export interest in faba beans remains limited, with bids near $8.00 per bushel at the farm gate, and feed-quality product trading closer to $7.00 per bushel FOB farm.

Chickpeas move into another week at a crawl, with prices holding steady after several weeks of minimal trade. The slow but consistent flow of product changing hands has kept the market balanced and flat. Based on historical patterns—and assuming this year follows suit—current bids may represent the highs for the remainder of the year. #2 Kabulis continue to trade around 30 cents per pound FOB farm for standard sizes. Larger calibers can add a cent or two, while higher green counts or damage can push prices sharply lower. Sample and feed-quality chickpeas are still moving in the 10–22 cent range depending on grading factors and producer’s ability to clean up the product. There are still many trade months ahead before we have a full picture of bin quality, but when demand shows up for good product, it tends to be filled quickly. Discussions have already begun about how this year’s conditions may influence next year’s planting decisions, though chickpea acres are closely tied to rotation and show no real sign of shrinking. Something to consider when deciding what to store and what to move.

Lentil markets are softening this week. Most red lentil bids have slipped to 22 cents delivered, though a 23-cent delivered option may still be found on some one-off business. Large greens are trading at 25–27 cents delivered for #2 spec, with X2s and #1s now indicated in the 28–29 cent range. Small green lentils seem to have held up better and continue to trade around 21–22 cents FOB farm range pending freight costs. Lentils usually lose some momentum at this point in the year, so we may be slipping into the familiar December lull. Of note, buyers are starting to now show interest in lower grade green lentils; business that has been hard to come by since harvest and should be considered while demand is present. Small greens see bids around 19 cents for #2 spec, 17 cents for X3 and 15 cents for #3. Off spec large greens are priced around 21 cents for X3, with #3s trading in the 17–19 cent range. The absence of new crop pricing is still apparent and with a large carryover expected for the 2026/27 crop year, production contracts may take longer than usual to surface.

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.