Flax exports out of Canada this year have been moving at their strongest pace since 2020/21, despite lower volumes in July. This has contributed to tighter ending stocks heading into the new crop year. However, with seeded acreage in other major growing regions coming into play, Canadian flax prices could soften as harvest approaches. Buyers remain mostly on the sidelines heading into the 2025/26 crop year, although there has been some sporadic buying over the past month to cover short-term needs. Bids range from $17.00 to $18.50 per bushel FOB farm contingent on location. With new crop supplies out of Kazakhstan and Russia expected to meet much of the Chinese and European demand, Canadian flax will likely remain within North America, limiting both demand and pricing opportunities. Keep this in mind when making marketing decisions.

Barley markets are starting to feel the weight of new crop supply, with higher-than-expected yields being reported across the Prairies. Old and new crop bids have now aligned, with delivery windows beginning to push into late fall. Current values are quoted in the $4.10–$4.90 per bushel FOB farm range, though tonnage needs appear to be thin. As harvest progresses, prices are likely to reflect stronger yields and additional supply entering the market originally slated for malt that no longer makes grade. The malt market remains quiet, but buyers are starting to signal interest in seeing available quality. Getting some early season grading could position you for quicker movement if a pricing opportunity arises.

Bigger crops and a lack of export demand have set a bearish tone this past week, particularly in the pea market. China remains the primary destination for Canadian peas, but ongoing tariffs continue to shut down that avenue of export. With yield reports generally coming in above average, buyers have been steadily pulling back farm gate bids to reflect the shortage of end use markets. Current values sit at $6.50–6.75/bu picked up for yellow peas, $10.00/bu picked up for green peas (based on a maximum of 3% bleach), and $9.50–10.00/bu picked up for maple peas. Some green pea samples have shown bleaching issues, making it important to have your product graded so you know exactly what quality you’re working with before making sales.

Oats are still a couple of weeks away from being harvested in the main growing regions, but above-average yields could apply here as well. Some buyers in Saskatchewan have already reduced bids to below $4.00/bu for #2 quality, while Manitoba remains slightly stronger with bids around $4.00/bu picked up for deferred movement into the new year. For feed oats, it’s worth checking with your merchant for a picked-up bid—just be sure to have your weight and downgrading information ready.

Chickpea discussions all seem to circle around the same questions this season: which desiccant choice will keep markets open, how much green is allowable in a #2 grade, and of course, where are prices headed? This week, chickpea values are generally unchanged despite other markets facing challenges from a price point perspective. Concern that a harvest slump could also hit chickpeas remains in discussion, but not enough of the crop is in the bin yet to warrant any significant harvest pressure. Buying and selling has been slow, with bids holding in the mid to low $0.30s for several weeks. Adding pressure, some commercial sellers have been moving stock back into the market, a sign of bearish sentiment. While quality concerns remain a possibility, the number of acres seeded across North America suggests supply will stay comfortable and prices could remain subdued longer than usual post-harvest. Feed demand is always present, but purchasing interest is far from aggressive. If you’re looking to clear out a bin or talk through marketing options, give us a call.

Lentil markets continue to feel the effects of harvest pressure, better-than-expected yields, and limited demand this week. The office is now receiving more harvest samples, which show a wide range of quality. Knowing your grade before marketing will be important this year to ensure we can find appropriate and attainable markets, while avoiding severe discounts on the delivery of off spec product. The small green lentil market, currently trading at $0.20-$0.21/lb, could remain quiet for some time if yield reports, which are well above average in most areas, hold true. Large greens, which are hitting the books at $0.23-$0.24/lb, are facing similar challenges, although demand may be steadier as there are typically more trading partners available. Small red lentils have not experienced as much pressure compared to greens, but that may change soon as inquiries are beginning to increase as more farmers start and finish their lentil harvest. Overall, lentil markets will need some time to sort through these dynamics.

Wheat traded lower on Tuesday and is mixed as of Wednesday morning. Increasing global yield estimates continue to weigh on the market, leaving little supportive news for prices. Australia’s reporting agency raised its crop projection by 3 MMT, while Europe and Russia also bumped expectations slightly higher. In the U.S., harvest is advancing quickly with minimal yield concerns. StatsCan pegged Canada’s durum crop at 6.08 MMT in late August—one of the largest on record. While quality remains in question, strong yields have pressured durum bids in many areas below $8.00/bu. Local wheat pricing currently sits at $6.70–7.00/bu delivered for CWRS 13.5 protein (depending on delivery month), $6.30–6.40/bu delivered for CPSR, and around $7.50/bu delivered central Saskatchewan for CWAD. Feed wheat is quoted in the $6.00/bu FOB farm range, with the strongest values in southern Alberta—around $6.65/bu delivered Lethbridge. For other classes, reach out to your merchant for area-specific bids.

Mustard harvest has been delayed by late rains, pushing more activity into September. Yield reports remain limited, though progress should accelerate if dry weather holds. Quality could be a concern in some regions where new growth followed heavy July rains. For now, mustard prices remain firm: yellow is quoted at $0.45–0.46/lb FOB farm, with brown and oriental at $0.40–0.42/lb FOB farm. The higher end of these ranges reflects later shipping windows, generally pushed into the first quarter of 2026. Lower grade product remains a bit of a hurdle to find homes for, but bits and pieces continue to trade, so call your merchant—we can post out firm offers and find a home for it.

The canola market has seen heavy pressure over the past week, with last months 75.8% tariff on canola seed finally picking up steam as a part of China’s anti-dumping investigation. Since Tuesday, futures have dropped roughly $53/mt—a tough hit during harvest. This comes on top of the 100% Chinese tariff on canola oil and meal imposed back in March. The impact is significant: last year, Canada—the world’s largest canola exporter—shipped close to $5 billion worth of canola products to China, with about 80% of that volume being seed. Markets will be watching closely for progress in trade talks that might ease some of the tension. As of writing, November futures are at $617.80/mt with January at $629.70/mt. For pricing specific to your area, call your Rayglen merchant.

Canaryseed bids have softened again slipping from 24 cents/lb last week to around 23 cents/lb picked up on farm this week. Buying remains very hand-to-mouth, with purchasers covering only small volumes at a time before stepping back and trimming bids. Farmer selling has not been aggressive, but neither have sellers pulled away from the market entirely, leaving room to see if a price floor develops. Continued sales will be needed to prevent stocks from becoming burdensome, but if bids keep sliding, growers may turn to other cash flow options. For now, the market is waiting on clearer yield reports to help guide direction.

Soybeans continue to face downside pressure, weighed by weakness in soymeal and expectations for a strong U.S. harvest. China’s lack of interest in U.S. soybean purchases is adding further strain, fueling concern that the world’s largest soybean importer could bypass the U.S. entirely. Local soybean bids are currently sitting in the $10.75–11.25/bu range at the farm gate. Dry beans are seeing a 5% reduction in seeded acres, now pegged at 383,000 across North America. Crop conditions vary sharply by region: Ontario and Michigan growers report difficult growing conditions, while Manitoba and irrigated areas further west are pointing to stronger yield potential. Mexico’s market has shown some recovery, particularly for black and pinto beans, though these gains could face pressure as harvest nears. Current dry bean prices are quoted at 35–40 cents/lb delivered, with some specialty varieties fetching higher values. Faba bean exports remain quiet, with bids around $8.00/bu at the farm gate. Feed quality product is seeing limited demand, with values near $7.00/bu FOB farm.

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.