Barley markets continue show decent values for growers looking to lock in tonnage. Feed barley indications currently range from $4.90-$5.20/bu FOB farm depending on location and delivery timeframe. Stronger may be available for those closer to feedlot alley and willing to hold product into the winter months. With recent rains across the Prairies and mixed reports of some barley coming off with lighter test weights, we could also see a portion of the 2026 crop originally intended for malt make its way into the feed market. Sitting on feed barley expecting a major rally in the near future likely isn’t the play today, especially if additional malt acres end up adding to feed supplies. Switching over to malt, it comes as no surprise that maltsters remain fairly tight-lipped, making firm bids difficult to come by. Having your specs and quality in hand could go a long way toward capturing a value at farm. As always, our target system at Rayglen continues to grab buyer attention, so putting a firm offer out there may be worth considering.

Oat markets remain relatively quiet this week, which isn’t uncommon for this time of year. There are some indications for milling oats around $3.50/bu FOB farm range, although these bids generally carry a wider shipping window and are likely pushed further into the fall. As usual, values improve for those willing to hold into 2027. Moving oats directly off the combine can be challenging, as many mills are able to cover their nearby requirements through new crop contracts. That being said, opportunities do surface throughout the year, so if you have a target in mind, posting a firm offer may be a good way to grab buyer attention. Feed buyers are also consistently looking for tonnage, but values can vary considerably depending on location and quality. Give us a call and let us do the work to find the best value available to your farm.

Mustard harvest is off to a slower start, but based on seeded acres and average yield expectations, analysts estimate yellow mustard production could be down roughly 33% compared to last year. Brown and oriental mustard production, on the other hand, is expected to be higher in 2026. With only approximately 2% of Saskatchewan’s mustard harvest complete, these production estimates could still change considerably as more combines get rolling. Current prices vary depending on shipment timeline. Yellow mustard ranges from $0.37-$0.40/lb, brown from $0.34-$0.36/lb, and oriental from $0.37-$0.38/lb picked up on farm. Opportunities also remain for lower-grade mustard. While we don’t yet have a clear picture of 2026 crop quality, the market continues to work through off-grade product from 2025. If we do see any seasonal strength develop, yellow mustard appears to have the best opportunity given the reduction in seeded acres.

U.S. soybean prices have rallied on declining crop conditions, with Chinese demand providing additional support even as harvest progress remains ahead of normal. Corn and soybean demand continues to face some headwinds from EPA biofuel waivers, while sharply higher crude oil and diesel prices are providing support across agricultural commodity markets. Local soybean bids are currently sitting between $15.00-$15.25/bu FOB farm for nearby movement. The coloured edible bean market is entering harvest with a supportive tone, as reduced black and pinto bean acreage points toward tighter new crop supplies. Lower faba bean acreage and consistent export demand are also supportive, although ample Australian supplies continue to limit upside potential, particularly for fabas. Current faba bean bids are approximately $8.00/bu for #2 export-quality product and $7.50/bu FOB farm for feed-grade beans.

Chickpea markets remain relatively steady for another week as harvest continues and producers focus on creating bin space for more fluid crops. Australian growing conditions have faced challenges from both precipitation and heat, raising some concerns around production potential. Buyers continue to show the most interest in larger-sized chickpeas, with some requesting longer-term offers at higher target levels in hopes of finding better-valued markets down the road. The U.S. remains the primary buyer of Canadian chickpeas, although that market carries some uncertainty as the cross-border trade relationship continues to develop. There have been plenty of inquiries for cross-border sales, but relatively little actual business getting done. Recent Canadian trades have ranged from $0.24-$0.27/lb FOB farm for #2 quality across a variety of sizing specifications, making it important to know your product before putting it on the market. Sample-grade chickpeas continue to trade around $0.10/lb FOB farm.

Canaryseed remains stuck in its current trading range, with contracts taking place around $0.18-$0.19/lb FOB farm at the upper end. The $0.19/lb mark can be difficult to achieve, so putting out a firm offer may be the best way to try and capture that value. Buyers appear comfortable at current levels, picking up a few loads here and there without showing much urgency. Canadian production is forecast to be down significantly, but the sizeable carryover remains the fly in the ointment and continues to keep prices relatively flat. For growers looking to create bin space, it may be worth putting an offer into the market and seeing if quicker movement can be secured, particularly if canaryseed continues trading sideways for the foreseeable future.

Wheat futures have traded mostly sideways this week following a strong run over the past couple of weeks. Much of the recent strength has come from continued issues getting product to market out of the Black Sea region, along with declining stocks among some major wheat exporters. However, much of the gain in futures has been offset by buyers widening basis levels as the market climbs, meaning local cash bids haven’t looked quite as attractive as the futures market might suggest. We have seen some improvement, with CWRS bids moving into the high $8.00/bu range delivered and, in some cases, reaching $9.00/bu for #1 CWRS with 13.5% protein for winter movement. CPS red prices have also pushed higher, reaching around $8.25/bu delivered for December movement. Feed wheat continues to trade in the $6.00-$7.00/bu FOB farm range depending on location. Recent rains have also created some concern in certain areas around the quality of unharvested wheat still sitting in the field, which will be something to watch as harvest progresses. Durum bids remain difficult to come by as demand is virtually nonexistent, with buyers largely sitting on their hands for the time being. Market indications are still showing values around $7.50/bu delivered for #1 quality durum.

Yellow pea markets appear to be showing a little more interest this week, while the other pea varieties remain relatively quiet. Yellow peas have traded as high as $8.00/bu FOB farm for September movement sparking some selling interest, while green peas remain priced in the $8.00-$8.50/bu FOB farm range. Maple pea markets remain generally inactive with indications at $9.00-$9.50/bu FOB farm, but similar to greens, sellers aren’t showing much interest at these levels. Early reports suggest yellow pea production may come in below expectations, with some estimates indicating yields could be 4-5 bu/ac lower than initially predicted. Yellow pea prices in India have also started to strengthen over the past few weeks, adding some support to the market. It remains uncertain whether this increased interest will spill over into the other pea classes or if yellow peas will find themselves on their own little price island for the 2026/27 crop year.

Local lentil harvest was reported at 48% complete by the Saskatchewan Crop Report as of August 24, with further delays expected following a weekend of rain across a large portion of the province. Globally, India’s monsoon has been disappointing, with reports showing rainfall between June 1 and August 31 approximately 13% below normal. Depending on September rainfall, a shortfall in pulse production could position India as a significant importer. Markets will be keeping a close eye on Indian government reports expected at the end of October for final planting numbers and harvest results to get a clearer picture of the country’s lentil production. Locally, large green lentils are trading in the $0.23-$0.25/lb FOB farm range depending on quality and location. Large greens grading #1/X2 appear to be attracting the most interest around $0.26/lb delivered, although #2 product with the right shipping window has also caught buyer attention at similar levels in some areas. #1 small greens are trading around $0.19-$0.21/lb FOB farm, with lower-grade markets ranging from $0.13-$0.15/lb. For both large and small green lentils, some buyers are offering a slight premium for 2026 production over 2025 crop. #2 red lentils continue to trade around $0.23/lb FOB farm, with quick shipping opportunities available. Medium green lentils in the U.S. continue to attract interest around $0.14-$0.15/lb USD FOB farm, while French green lentils are trading around $0.21-$0.22/lb FOB farm. With variable harvest weather continuing, make sure to submit your lentil samples so you know exactly what you have when the right marketing opportunity comes along.

Recent rains have created additional harvest challenges, potentially delaying brown flax movement and leaving the crop in the field a little longer. With flax acres already down in Canada and what appears to be a smaller U.S. crop as well, further harvest delays aren’t ideal for the market. Flax production is expected to decline from last year’s levels, although prices remain relatively stagnant amid continued export challenges for Canadian product. In recent years, increased supplies from Russia and Kazakhstan have taken market share away from Canada, reducing global reliance on Canadian flax and adding further pressure to export demand. Current brown flax values are trading in the $15.00-$17.00/bu FOB farm range depending on location and shipping window, with the stronger end of the range generally tied to deferred movement extending several months into the new year.

The canola roller coaster continues, with prices pulling back today following a strong rally that pushed contracts to yearly highs. Escalated fighting and military strikes between the U.S. and Iran have triggered significant gains in crude oil prices, while continued volatility surrounding the Russia-Ukraine war remains disruptive to alternative sunflower oil and grain shipments. Together, these factors have tightened the global vegetable oil complex and continue to provide underlying support for canola demand. Despite that support, futures were down more than $16/MT at the time of writing, with November trading around $825.70/MT and January around $836/MT. Local cash bids remain historically strong and are attracting grower attention, particularly for those looking to generate harvest cash flow while values for some of the more traditional commodities moved during harvest remain comparatively soft.

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.