Mustard markets settle into mid-September with little change in pricing across all varieties. It is difficult to speculate on whether recent rains will have any impact on values, but so far they don’t appear to be creating any additional urgency from buyers. This doesn’t mean purchasers aren’t looking for product, but rather, seemingly won’t push bids higher to get product locked in. Yellow mustard continues to trade in the $0.37-$0.40/lb FOB farm range, with a few buyers also showing interest in off-grade yellow depending on specifications. Brown mustard remains quoted around $0.35-$0.38/lb, while oriental sees the least demand in a similar value range. As always, the higher end of these values generally come with a wider delivery window, but for growers looking to capture the extra couple of cents, sitting on product in the bin for a little longer may make sense in today’s market.

Lentil prices saw a slight uptick late last week on the green side for 2026 crop. Large green lentil bids range from $0.25-$0.27/lb FOB farm for a straight #2, while #1 small greens are hovering around $0.22-$0.23/lb FOB farm. Prices are lower for 2025 crop, although markets remain available, so reach out with what you have. Red lentil bids have been quieter, but prices are holding around $0.26/lb delivered for #2 spec, in light trade. Firm offers are getting some attention, particularly for quicker movement. Weak Indian monsoons overseas could create some concerns around production, while harvest delays remain a factor domestically. There could also be marketing challenges if this year’s volume of lower-quality lentils ends up being significant. Overall, the market is expecting green lentil supplies to be considerably higher than last year, while red lentil supplies are expected to be lower compared to the 2025 crop.

Chickpea markets are getting a bit of a nudge this week as precipitation continues and machinery remains idle. The focus is no longer strictly on larger-sized lots, as buyers are beginning to pivot toward decent-quality product with a majority of 8mm chickpeas. Values for standard-sized #2 large Kabuli chickpeas with a maximum of 20% 7mm are up nearly three cents in some cases, now trading around $0.28-$0.30/lb FOB farm for movement in the final quarter of 2026. There are also opportunities to purchase U.S. bushels, so call for conversion values. Feed markets haven’t seen the same bump, as there appears to be an expectation that plenty of lower-quality product could become available if adverse weather continues across major growing areas.

Oat markets and bids maintain their tone for another week. Milling-quality oats are valued around $3.50/bu FOB farm, with movement into 2027 preferred by end users. Off-quality and feed oats are valued around $2.50-$2.75/bu FOB farm for October-December movement. There continues to be plenty of speculation around the volume of oats sitting in bins from the past couple of years, raising questions about whether those bushels will go back into the bin again next year, what the quality of existing stocks looks like, and what price will finally trigger more selling. At this point, neither buyers nor sellers appear willing to flinch. For now, keeping a close eye on quality, understanding exactly what you have on farm, and being ready to sell when the right opportunity arises remains the best approach.

According to the Saskatchewan Crop Report for the week ending September 7, spring wheat and durum harvest were only 13% and 38% complete, respectively, leaving progress well behind the five-year average. Market attention has shifted toward quality concerns, with bleaching and sprouting at the forefront as excess water in fields continues to delay harvest. Issues in the Black Sea region are also providing support for wheat markets. Grain remains available in Russia and Ukraine, but logistical challenges continue to make getting product to port and into international markets difficult. Local pricing includes CWRS around $8.50-$8.60/bu delivered into Central Saskatchewan for September, with a slight carry to approximately $8.70/bu for December delivery. CPSR delivered into Central Saskatchewan is indicated around $7.75/bu for September, with monthly carry pushing values toward $8.00/bu by December. In Southeast Saskatchewan, producers can find bids around $8.50/bu FOB farm for durum meeting #1 U.S. specifications for October-December movement, increasing to $8.75/bu for January-February. Rye continues to attract interest, with approximately $235/MT being offered delivered into feedlot alley. Feed wheat has been quoted around $6.25/bu FOB farm for early fall movement, with deferred shipping periods reaching closer to $7.00/bu depending on wheat type and timeframe. Given the recent weather, the volume of feed wheat and feed durum is expected to increase. Knowing your grades early could prove beneficial if your product is destined for the feed market, as buyers begin looking to secure coverage.

Barley prices continue to show strength despite harvest pressure, with some buyers pointing to high corn prices south of the border as a source of recent support. Barley delivered into feedlot alley is quoted around $6.25/bu for October, $6.30/bu for November, and $6.35/bu for December. Buyers continue to show FOB farm bids across Saskatchewan and Alberta, with competitive values available in many areas. Stronger pricing opportunities are also available for sellers willing to push movement into 2027, with $5.70/bu FOB farm recently trading out of West Central Saskatchewan for January-February shipping. While deferred movement is offering a premium, buyers also have quick-shipping opportunities available for growers looking to create bin space. With recent harvest delays, some barley originally grown for malt may ultimately make its way into feed markets. Reach out to your merchant for updated pricing specific to your area, and if you have a selling price in mind, firm offers continue to work well in the barley market.

Pea sales remain extremely slow for this time of year, with sellers holding out for better prices while buyers continue trying to put sales together. Overseas markets appear willing to wait for product rather than overpay, keeping nearby demand relatively subdued. Carryover from last year is pegged at 1.18 million tonnes, approximately 700,000 MT higher than the 2024/25 crop year and roughly 900,000 MT above 2023/24. These heavy ending stocks continue to weigh on prices, and expectations for another average crop aren’t helping the situation. With the delayed harvest, some quality issues may arise, but the larger-than-normal carryover could limit the impact on pricing early in the season. As the shipping season progresses and old crop supplies are worked through, prices could find some support if #2 quality product becomes more difficult to source. This week’s yellow pea bids are around $8.00/bu FOB farm for October-November movement. Green peas are trading around $8.50-$9.00/bu depending on movement and quality, while maple peas remain extremely quiet, with values ranging from $8.50-$10.00/bu depending on variety and seed size.

Flax prices have traded mostly sideways this week as harvest progress remains limited and buyers haven’t shown much urgency to shake things up just yet. Spot bids for brown flax are currently ranging from $15.50-$16.50/bu FOB farm depending on location and movement timeline, although firm offers slightly above those levels may still get some attention in select areas. As we’ve mentioned before, we aren’t expecting a lot of fireworks in the flax market this year, but unknowns surrounding quality and harvest timelines leave some uncertainty around where prices could go. Carryover from last year’s crop remains higher than the previous year, suggesting supplies are relatively comfortable. However, brisk sales over the summer saw some growers rip the band-aid off on marketing, which could mean available carryover is somewhat lower than earlier estimates suggest. Yellow flax has also seen some recent buyer interest around $20.00/bu FOB farm for fall movement, providing an opportunity for growers looking to get some product moving.

Canola futures opened higher Wednesday, although early gains faded as momentum in Chicago soybeans and European rapeseed also softened. ICE canola has received support from crude oil prices and a slower domestic harvest pace, while weaker energy markets have limited further upside. The November contract remains technically firm, trading well above its major moving averages. Canadian canola production for 2026 is projected at 22.1 million tonnes, down 0.8%, with yields estimated at 41.8 bu/ac based on satellite imagery used for principal field crop estimates. Canola oil and meal remain exempt from the latest U.S. reciprocal tariffs, keeping important biofuel export channels open, while domestic crushers continue to provide solid demand, processing roughly 65% of the crop. At the time of writing, November futures were trading around $826.80/MT, with basis levels continuing to vary considerably depending on location.

Soybean markets are under some pressure following the latest USDA report, with a larger U.S. production outlook weighing on prices as harvest gets underway. However, demand remains supportive, particularly from China, which reportedly purchased around 1 million tonnes of U.S. soybeans last week as Brazilian supplies tighten seasonally. Strong crush demand is also helping provide some underlying support, although the size of the U.S. crop and South American production prospects will remain key drivers moving forward. Overall, soybeans look fairly range-bound for now, with Chinese buying likely to be one of the biggest factors determining the next move.

Canaryseed is holding onto its recent gains this week. Values remain around $0.20/lb FOB farm for growers willing to consider deferred movement, with opportunities available from September through December. Some buyers may potentially look at closing that gap to November, making it worthwhile to discuss marketing options with your merchant. It is encouraging to finally see a little life return to this market after what has been a long year. While seeded acres are down this season, the sizeable carryover from the previous crop continues to weigh on the overall supply picture. Weather is now becoming another factor to watch, as persistent rains continue to delay harvest and could create quality concerns for crop still in the field. We will be keeping a close eye on quality as harvest progresses and any issues that begin to surface. If you’re looking to create bin space and generate some cash flow, give us a call with a firm offer and we’ll work to find the trade you’re looking for.

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.