The barley market is beginning to feel the weight of new crop tonnage from 2025 harvest. There are still some opportunities for October shipping, but that window is narrowing daily as feed buyers continue to fill immediate needs. Current feed barley values are ranging from $4.10 to $4.50/bu FOB farm, with stronger prices available the closer you are to feedlot alley and some carry seen in the market for deferred shipping windows. Given decent yields across the Prairies and off spec malt barley sliding into the feed stream, buyers appear to have no shortage of supply to cover their demand. At this point, the signals suggest that holding feed barley doesn’t make much sense, especially considering an anticipated large US corn crop. On the malt side, bids remain quiet, which isn’t unexpected. Maltsters indicate they are willing to purchase, but they want sellers to bring forward their offers and product spec. If you have specs in hand, there may be an opportunity to secure a deal.

The pea market remains relatively unchanged this week. Yellow peas are trading at $6.50/bu picked up, though some delivered options in the $7.25 to $7.75/bu range are available depending on freight. Green peas are sitting at $9.50-10.00/bu picked up for #2 quality with a maximum 3% bleach. Maple peas are seeing a bit more interest, with bids also around $9.50-10.00/bu picked up. We suspect these lower values are driving end use demand, which has been opening up some shipping opportunities. For now, pea values look set to hover near current levels with minor ups and downs until there’s clarity on demand shifts from China and India. If you are holding off-quality peas, check with your merchant for possible market options.

Flax values are holding steady in the $17.00 to $17.50/bu range picked up generally speaking, though the odd $18 target has triggered over the past week. With 2025 production expected to increase, nearby pricing is likely to remain sideways. Chinese flax imports dropped sharply in August to just 18,200 tonnes, the lowest monthly total since 2021. Warehouses in China are seeing inventory declines as the market prepares for larger supplies ahead. Toward the end of 2025, once Kazakhstan and Russian flax begin to move, prices could shift depending on how Russia’s proposed 10% export duty affects sales. For those with yellow flax, there remains a small pool of buyers willing to look at values near $20.00/bu on the farm.

Chickpea acreage is reported by StatsCan to be up 15% over last year, pointing to the largest crop since the 2001/02 season. Harvest progress sits at 43% complete in Saskatchewan and 71% in Alberta, both behind their 10-year averages. Reports from the field note green and frost damaged seed issues along with lower grading. Globally, supply is large, with India comfortably covered and Australia’s harvest which is underway. Prices continue to reflect this heavy supply, but quality concerns could create some opportunity. If chatter about damage expands into a wider reality, good quality #2 Kabuli chickpeas may see some upside. The flip side is that higher prices could push North America out of the market as end users look for lower-cost origins, while lower prices could improve trade volume. For now, bids remain unchanged from last week at $0.30–0.31/lb FOB farm for #2 Large Kabuli with mixed sizing, while feed quality continues to trade around $0.13/lb FOB depending on downgrading factors.

Lentils held steady for the second week in a row. Large green lentils continue to trade around 27-28¢/lb FOB farm, reds at 23.5¢/lb delivered, and small greens are sitting near 21-22¢/lb FOB. Beluga lentils have been trading in the 40¢/lb range, though demand does not appear overly deep. Slow farmer selling is helping to support these values for now. Yield reports suggest that overall supply will not be an issue, but the larger crop is likely to keep a lid on prices moving higher. Large green lentils remain the most sought-after class, while small greens, French greens, and reds are seeing the least buying interest at present. For now, slow and steady selling may be the best strategy to maintain support in the market. Earlier in harvest, when growers moved more volume than buyers needed, prices collapsed. With that selling pressure eased, values have since recovered from those early lows.

Oat harvest in Saskatchewan continues, with about 70% of the crop combined as of the week ending September 22^nd. With much of the crop already in the bin, the remaining stands face growing risks of sprouting, head losses, and downgrading, particularly in areas dealing with humid or unsettled weather. Farmers still combining are working within narrow windows—taking advantage of brief dry spells to get grain off, while damp conditions have forced delays to avoid quality issues in storage. As October advances and frost risk increases, urgency to wrap up harvest has intensified. On the pricing side, some interest has been noted for feed oats in central Saskatchewan at around $2.25/bu picked up on farm. Milling bids remain subdued for now, though there seems to be more demand for shipping pushed out into spring, where values are indicated around $4.15/bu.

StatsCan’s latest Outlook for Principal Field Crops pegged durum production at 6.5 MMT, which would be the second-largest on record. Spring wheat was estimated at 26.6 MMT and winter wheat at 3.5 MMT, both higher than in 2024/25. Yield reports have generally been strong across much of the Prairies, though recent rains may have affected standing wheat quality, and the extent of that impact is still being assessed. Harvest has moved along well, with more than 70% of both durum and spring wheat completed in Saskatchewan by late September. Local pricing reflects steady demand. CWRS 13.5 protein is trading at $6.90/bu delivered plant for October–December shipping, with a carry to $7.20/bu delivered for January–April. CPSR is quoted between $5.65 and $6.00/bu delivered, depending on delivery window. Feed wheat bids in central Saskatchewan are around $5.50/bu FOB farm, while bids in feedlot alley are showing $6.75/bu delivered for movement through February. For durum and triticale, area-specific bids depend on quality and tonnage—check with your merchant for firm numbers. Off-spec grain also has options, with feed buyers active in the market.

Canaryseed prices have softened further as harvest advances. Trades this week included a few loads at 20¢/lb picked up on farm, though some buyers are now posting bids below 20¢ for winter delivery. Farmer selling interest at these levels remains limited, with many content to store product and wait for stronger values, given canary’s ability to hold well in the bin. Early harvest reports point to average or slightly above-average yields, but the majority of results are still to come. As weather improves and growers return to the field, more complete harvest information should filter in over the coming days.

Soybean futures continue to slide despite slightly bullish U.S. stocks figures. Harvest pressure and mounting pessimism over Chinese demand remain the main drivers of weakness. Local soybean bids are fluctuating between $10.85 and $11.00/bu picked up on farm. StatsCan’s recent report sharply reduced year-over-year dry bean production, though conditions across North America vary widely. Ontario and Michigan report tough growing conditions, while Manitoba and irrigated regions further west show stronger yield potential. In Mexico, prices for black and pinto beans have rebounded from earlier lows, though the upcoming harvest could pressure values again. Current dry bean bids are ranging from 35–40¢/lb delivered, with premiums available for select specialty classes. Faba bean export demand remains limited. Current farm-gate bids are around $8.00/bu for export quality, while feed-grade values are closer to $7.00/bu FOB farm.

Canola production is forecast at 20 MMT, above both last year and the five-year average, despite reduced seeded acres, early-season dryness, and July heat. Canadian demand is increasingly domestic, with crush forecast at a record 11.8 MMT. Trade with China remains the biggest factor for market direction, as anti-dumping duties continue to cast uncertainty. Current canola bids are in the $12.45–12.65/bu range for nearby delivery.

Mustard harvest is largely complete across the Prairies, with generally favourable late-season weather in September helping to cure the remaining acres. Quality will become clearer as more samples are tested, but early signs point to a decent quality crop. Prices remain fairly steady heading into October. Yellow mustard is trading around 40¢/lb, with premiums available for deferred movement. Oriental continues to be a strong performer, with bids ranging from 42–43¢/lb picked up. Brown sits closer to 35¢/lb, though values up to 37¢/lb are available if you’re comfortable with new year shipping. Growers are encouraged to start planning early for 2026 seed supplies to ensure availability.

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.