The barley market continues to echo the same talking points we’ve been hearing for the past several weeks. Prices haven’t completely fallen off yet, but buyer appetite for product appears to be fading as more tonnage fills prairie bins. Current indications range from $4.20 to $4.75 per bushel FOB farm, depending on freight zone and delivery window. As noted before—and worth repeating—the chances of any near-term or even deferred price rallies remain slim with current market dynamics. Supply continues to outweigh demand, and that factor isn’t expected to shift anytime soon. On the malt side, it’s the same story as in recent months: “no firm values to throw at it, but show me what you have.”

Pea market values appear to have moved past harvest lows, though gains so far have been modest. Ongoing overseas tariff battles and a large Russian crop are expected to keep a lid on prices and limit upside potential. Yellow peas are trading between $7.00 and $7.50 per bushel picked up, with the higher end found in Southeast Saskatchewan for movement into 2026. Green peas are seeing trade in the $10.50 to $11.00 range picked up range, while maple peas are fetching between $10.00 and $12.00 depending on variety. Firm offers are attracting more attention as harvest wraps up, so if you have a target price in mind, be sure to express your offers with your merchant.

Chickpea markets held steady this week, with contracts continuing to trickle in for #2 large Kabulis featuring standard sizing of a maximum 10–15% 7mm and a minimum 25–30% 9mm. Reports from the field indicate producers are getting a clearer picture of their crop quality, with many noting higher-than-expected green counts. Since a #2 CGC grade allows for only up to 1% green, questions around possible downgrades or the need for color sorting are front of mind. Chickpeas are a unique commodity in that they can be marketed in a variety of ways depending on their destination. Some buyers remove greens and treat them as dockage, others apply a discount, and some simply cannot take the product at all. These factors can shift daily and vary by purchaser. If your lot carries a high green count, ensure you have a clear understanding of your grade and consider your marketing options—or price out color sorting to see if it pencils. Old crop #2 Kabuli chickpeas are still bid at $0.30–0.31/lb FOB farm, with lower-quality product and movement before year-end. Feed markets remain around $0.13/lb FOB, though pricing depends on downgrading factors.

Flax values continue to show a wide range depending on delivery timing. 2025 bids are indicating around $16.00/bu picked up, while deferred values into 2026 are closer to $17.25–$17.50/bu FOB. The market remains quiet with a limited buying pool. With higher production expected this crop year, nearby prices are likely to stay flat. Chinese warehouse inventories are reportedly declining as the market anticipates an increased global supply. Competition from Russian and Kazakh exports will persist, though potential Russian export duties could create some small openings for Canadian flax. There are limited windows to move yellow flax—talk to your Rayglen merchant for current opportunities.

Oat harvest continues across Saskatchewan, though remaining fields exposed to unstable weather—frost or excess moisture—risk potential downgrades. Yields reported so far have been decent. Feed oats in central Saskatchewan are indicated around $2.25/bu picked up, while milling oats remain under pressure during active harvest. There is, however, stronger demand for delivery later in the season, with spring contracts showing up to $4.15/bu delivered. Having your oat specs ready will streamline marketing options, while forward planning continues to make sense.

Canaryseed prices are holding mostly steady from last week, with a few buyers still showing interest around $0.20/lb picked up on farm, though many bids have slipped into the high-teens. Projections for higher ending stocks compared to last year continue to weigh on the market, keeping things stagnant. Chatter around Saskatchewan Crop Insurance data suggesting higher seeded acres than Statistics Canada’s estimates isn’t helping sentiment either. There appears to be a psychological price threshold—likely already reached for some growers—where bin doors start to close in hopes of stronger opportunities ahead. This reluctance to sell at current levels is helping prevent a sharper drop. For now, though, canary prices are expected to stay relatively flat unless a fresh demand driver emerges globally.

Canola markets remain under pressure as exports to China remain limited and commercial supplies remain ample with harvest wrapping up across the Prairies. Market talk suggests that COFCO, China’s state trading firm, has recently booked up to nine 60,000-tonne shipments of Australian canola—equivalent to about 8% of China’s total canola imports last year, if confirmed. Additional headwinds include weaker biodiesel demand in Europe and a large European rapeseed crop adding to global supply pressure. In the U.S., the Environmental Protection Agency’s pending renewable fuel mandate—potentially delayed by the partial government shutdown—proposes an increase in biomass-based diesel volumes but would cut the RIN credit value of foreign feedstocks such as Canadian canola oil to 50% of that for U.S. products. This uncertainty has slowed blending decisions and clouded future U.S. demand. Despite these challenges, there’s still some optimism. The USDA projects global vegetable oil demand to rise, led by continued strength in food-sector consumption. As of writing, November canola futures are sitting at $612.90/mt, with March contracts around $638/mt.

Soybean markets are finding some support from expectations of potential government assistance programs and renewed hopes that China may resume buying U.S. beans. However, China’s continued absence from the U.S. market remains a limiting factor, capping any significant price strength. Another downward revision in U.S. soybean yields could still be in the cards after the USDA trimmed its forecast in September. Harvest progress has reached roughly 39% complete, while crop condition ratings slipped by one point to 61% good to excellent. Locally, soybean prices are fluctuating between $11.20 and $11.50 per bushel picked up on farm. North America is expected to have solid supplies of both black and pinto beans this season. Demand from Mexico is anticipated to return to more typical levels as global competition from other exporters increases, likely putting some pressure on black and pinto prices. Minor bean classes, on the other hand, should benefit from lighter supplies and stronger demand, supporting firmer bids. Black and pinto beans continue to trade around $0.30/lb, while minor classes are posting higher values. Export interest in faba beans remains limited, with farm gate bids around $8.00 per bushel and feed-quality product closer to $7.00 per bushel FOB farm.

Wheat harvest is nearly complete across Saskatchewan, with 90% of the durum and 92% of the spring wheat crop now off. Alberta and Manitoba are seeing similar progress, each reporting over 95% of their spring wheat harvested. Globally, winter wheat seeding is advancing well, with U.S. planting occurring under favourable conditions, and both Ukraine and Russia now over 30% seeded. Canadian spring wheat exports are running ahead of last year’s pace, while durum exports remain roughly on par. Current local bids include CPSR at $6.00–6.10/bu delivered plant for end-of-2025 shipping, and CWRS 13.5 protein at $6.90–7.00/bu delivered Western Saskatchewan for late fall to early 2026. Red winter and soft white are indicated around $6.50/bu and $6.30/bu respectively, delivered Central Saskatchewan plant for November movement. Feed wheat continues to trade around $5.50/bu FOB farm, with stronger values closer to feedlot alley. Durum bids are showing up around $7.50/bu FOB farm, though they remain highly area- and quality-dependent. For off-spec wheat or specialty opportunities, talk to your merchant for current options.

Lentils saw another quiet week in the market across all classes. Many small red lentil bids slipped to 22 cents per pound delivered, with the decline largely driven by reduced overseas purchase interest, rather than an increase in farmer selling. That said, the odd 23 cent per pound delivered indication is still being quoted, highlighting the importance of speaking with your merchant about sales opportunities. Further downside remains possible in the near term as Australia’s harvest approaches, drawing trade attention toward supply from that region. Large green lentils held steady this week, with #2s trading between 27 and 27.5 cents per pound FOB farm, and #1s reaching as high as 31 cents. Small greens remain quiet, with little buyer interest at present and bids around 21–22 cents FOB farm. French greens are also sluggish, trading at similar levels to small greens.

Mustard harvest appears to be wrapped up for most growers this week. Prices are holding firm for now, though quality may prove variable as more samples come in. Yellow mustard is trading around 40 cents per pound for 2025 shipping, with decent premiums available for 2026 movement. Brown sits near 35 cents per pound generally, though some bids have been seen up to 37 cents for 2026 shipping. Oriental continues to hold steady, with bids ranging from 42 to 43 cents picked up. Seed sales for 2026 are expected to begin soon, and growers are encouraged to share any new crop offers they may be considering—even if it feels early.

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.