The flax market remains steady this week, showing little change from previous trends, which comes as no surprise given strong yield reports across the Prairies and lack of export prospects. Brown flax bids continue to be indicated in $16.00 per bushel range FOB farm as opportunities for quick movement become increasingly difficult to find. Firm targets closer to $17/bu may draw buyer attention, though producers will likely have to settle for spring and/or summer 2026 shipping. Chinese market share, or the lack of, continues to weigh on Canadian values as Kazakhstan and Russia fill the vast majority of their needs. On the yellow flax side, stronger demand has translated into an increase in grower sales over the past week. Product is trading between $20.50 and $21.00 per bushel FOB farm, with potential for movement before year’s end. At this stage, flax values don’t appear poised for any major rallies in the near term, so current pricing levels may be worth serious consideration.

The feed barley market remains largely unchanged week-over-week. Current values are being quoted in the range of $4.25 to $4.80 per bushel picked up, with price variation depending on location and delivery window. Strongest bids are seen as proximity to feedlot alley narrows with much of the buying interest focused on the January to March movement period.  This first quarter of 2026 shipping window is also where the best prices opportunities are available. Options do exist for November to December pickup, though bids are typically a bit softer. Unfortunately, no firm malt barley bids are available at the moment, but if you have your specs on hand, your merchant can check around for potential picked-up opportunities.

Canola markets have been mostly sideways over the past week, with futures currently sitting at around $630/mt and $645/MT for November and January respectively. Harvest is now considered complete across the Prairies, and attention has shifted toward market developments. The trade continues to monitor any potential progress in tariff negotiations, but so far, there’s been little movement toward a Canada–China agreement, keeping the market in a volatile position. Planning ahead and making marketing decisions for the coming months may offer the best opportunity to secure contracts and shipping windows right now. Cash bids fluctuate based on local basis levels but are generally indicated around $13.50-$13.80/bu delivered plant for shipping before the new year and $13.80-$14.50/bu delivered plant for 2026 shipping. Talk to your Rayglen merchant for available FOB options.

SaskAg’s latest chickpea yield estimate suggests this year’s crop could average around 30bu/ac, notably higher than StatsCan’s September projection of 22bu/ac. The market continues to face pressure from heavy supplies and large carry-in stocks, keeping prices relatively soft. That said, the current environment may still offer some opportunity in the export market. Chickpeas with a minimum of 30% 9mm sizing are being quoted around $0.29–$0.30/lb picked up on the farm. Recently, there has been an uptick in off-quality chickpeas entering the system, with issues such as high green counts, splits, and smaller sizes contributing to downgrades. In some cases, buyers are cleaning these poorer-quality lots to recover export marketable product, which can provide growers with added value for good-quality chickpeas mixed in with off-spec ones. The ultimate return depends on the cost of separating good product from the bad, so it’s worth discussing specific options with your merchant. Knowing your crop’s quality and size profile remains key when marketing chickpeas, as comparing cleaning costs versus selling as-is can have a meaningful impact on overall profitability.

The pea market continues to face downward pressure as large supplies and trade concerns weigh on prices. China has maintained its existing import tariffs, and India has hinted at potentially introducing its own — developments that could significantly impact Canada’s two largest pea export markets. Current prices remain steady, with yellow peas trading between $7.00 and $7.50 per bushel picked up, while green peas with a maximum 3% bleach are priced between $10.00 and $10.50 per bushel picked up. Maple peas are holding in the $9.75 to $10.50 per bushel range, supported by limited but consistent buyer interest. Although small price bumps are possible, weak export demand and abundant domestic supply are expected to keep the market under pressure through the remainder of the marketing year. Should tariff restrictions ease, market sentiment would likely improve. Looking ahead to 2026 planting, Rayglen has access to several new pea seed varieties—producers are encouraged to contact their merchant for more details.

Oat markets have remained mostly flat in recent weeks, offering little excitement. Strong new crop sales earlier in the season, combined with a plentiful harvest, have allowed many millers to secure coverage well into the new year, which has limited current spot opportunities. While some small chances remain for late 2025 movement, having grades and target prices ready is recommended. As buyers continue to fill their needs, those looking at short-term sales should be ready to act quickly when the right opportunity appears to be able to secure movement and avoid delayed shipping. Recent oat bids are indicated around $3.40 to $3.50 per bushel delivered in Central Saskatchewan for early 2026 movement, and approximately $3.75 per bushel delivered in Eastern Saskatchewan for spring/summer shipping. Feed oats continue to be indicated between $2.25 and $2.50 per bushel FOB farm, depending on weight and quality.

Canaryseed harvest is now complete, and samples are starting to come in. Producers continue to report solid yields, which has put some pressure on prices as harvest delivery continues. The typical “harvest pressure” effect is in full swing, with values now sitting in the $0.19–$0.195 per pound range FOB farm. Prompt movement is proving a bit tougher to secure, but some opportunities do exist for winter, and we’ll do our best to find a suitable option. Given the strong production year and lower commercial values, this may also be a good time to consider updating to a newer canaryseed variety. Reach out if you’d like help finding seed—we can assist in sourcing all varieties.

Lentil prices remain mostly unchanged this week. Large green lentils are trading around 27-28 cents per pound for #2 quality picked up on the farm, with some buyer interest in lower grades (Extra #3 and #3) showing up in the low twenties for product with higher damage or weaker color. Small green lentils continue to see some movement, with #1 quality trading at 22 cents per pound picked up on the farm for winter delivery. Red lentils also saw limited activity this week, with occasional trades at 22.5-23 cents per pound picked up on the farm for #2 quality, depending on location. Overall, neither buyers nor sellers are pressing too hard in the current market, though some business continues to move quietly. With no major price swings expected in the near term, those needing product moved before year-end should reach out to their merchant, as some prompt shipping options are still available.

Soybean markets saw a surge earlier this week on optimism that Thursday’s meeting between President Trump and China’s Xi Jinping in South Korea could lead to an agreement bringing Chinese buyers back into the U.S. market. Reports suggest a Chinese firm has already purchased around three cargoes of U.S. soybeans, sparking renewed interest. However, key questions remain—has the recent rally already priced in the potential for renewed Chinese demand, and could any trade announcement later this week end up disappointing market expectations? Locally, soybean prices fluctuate between $11.85 and $12.00 per bushel picked up on the farm. Across North America, supply of black and pinto beans is expected to remain solid. Demand from Mexico, however, is projected to ease back to more typical levels due to increased competition from other global exporters, which could create some downward pressure on black and pinto prices. Minor classes, on the other hand, are likely to benefit from tighter supplies and stronger demand, supporting higher bids. Currently, black and pinto beans are trading near 30¢/lb, with minor classes attracting stronger values. In the export market, 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.

Mustard markets have started to soften slightly in recent days. Yellow mustard is trading around 40-41 cents per pound for December–January delivery and 42–43 cents for early new year movement. Brown mustard is indicated between 34 and 36 cents per pound, while oriental sits in the 42–44 cent range. SaskAg has raised its yield estimate by roughly one bushel per acre, from 22 to 23 — well above StatsCan’s earlier projection of 16 bu/ac. While total mustard production is expected to come in only about 4% lower than last year, this year’s crop was grown on roughly 40% fewer acres. The key concern for the 2024/25 crop year remains quality, as higher-than-expected volumes of lower-grade product have been reported. However, carryover supplies of No.1 quality seed are likely to help offset some of this year’s quality challenges. Overall, this suggests the mustard market could see more stability than what has been experienced over the past couple of years.

Wheat futures saw a bump on Monday following reports that China and the United States may have a trade agreement in the works, and prices have continued to climb gradually since. Some growers are noting that posted elevator bids may not fully reflect trade values, with offers around $7.25 per bushel being reported in west-central Saskatchewan. Wheat exports are tracking about 20% ahead of last year, with overall crop quality rated five points higher year-over-year, according to the Saskatchewan Wheat Development Commission’s October 27, 2025 update. Feed wheat continues to trade between $5.25 and $6.00 per bushel FOB farm, depending on freight and movement period.

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.