Flax prices are holding fairly steady week-over-week, with indications generally sitting around $16.00-$16.50/bu FOB farm this week. Interest has emerged for prompt new crop deliveries, likely due to a delayed harvest and lack of production contracts signed earlier in the year. While 2026 production is still expected to decline, carryover supplies should keep the overall 2026/27 market well supplied and may limit upside potential. Growers may see a premium for milling quality brown flax, with some opportunities to capture $1.00/bu over #1 brown flax values. Although we haven’t seen any major price rallies, firm offers and targets continue to grab buyer attention. Yellow flax activity has quieted down somewhat, with indications sitting around $19.00/bu FOB farm. Much like brown flax, putting out a firm target, closer to $20.00/bu, may find footing in today’s market.

Wheat values have trended slightly lower on the futures market over the past week or two following their strong run over the last few months. The impact of the war in the Black Sea region has eased somewhat as reports suggest damage to some ports was not as severe as initially expected. However, as we know, that situation can change quickly. For now, world trade appears to be looking past the conflict until given a reason not to. Harvest has progressed considerably in recent weeks, with some reports of some ugly product coming off, while others reporting quality better than expected. The jury is still out on where overall quality will land, but a good amount of feed wheat continues to trade. Feed bids are currently around $6.00-$7.00/bu FOB farm depending on location and how long growers are willing to store product. If you’re looking for quick movement, expect values toward the lower end of that range. Durum values have strengthened, with many bids reaching $9.50/bu delivered for #2 or better product and some FOB farm values north of that in southeast Saskatchewan for spring movement.

Chickpea markets continue to see interest this week, with a reported 40% of the crop still in the field as of September 17^th. Concern is developing around how quality will hold up and how much the late season rain is expected to result in a significant amount of lower-grade product. While the pet food sector can absorb some off-grade chickpeas, it is estimated to account for only 10-15% of total production, potentially leaving a sizeable volume of lower-quality product that could be difficult to move. #2 large Kabuli chickpeas are being bid around $0.28-$0.30/lb FOB farm depending on movement timeframe, sizing requirements, and location. Freight and fuel costs are also becoming more of a factor in bids, with some buyers suggesting sellers deliver directly to plants rather than have product picked up on farm. If local delivery is an option, it could mean a little more money in your pocket at the end of the day.

Soybean markets have firmed on tightening U.S. availability and stronger processor bids, with harvest reported at 17% complete and Iowa only 3% finished. China’s 10% tariff continues to limit private demand, while state purchases have surpassed 12 MMT, although reaching the 25 MMT annual target remains a challenge. Local bids are currently sitting between $15.50-$15.75/bu FOB farm for nearby movement. Edible bean markets continue to hold firm as smaller black and pinto crops, combined with U.S. yield concerns, limit available supplies. White beans are also becoming less available, keeping buyers engaged, with FOB farm bids in the mid-to-high $0.40/lb range. Faba bean production is expected to edge lower, although stronger Baltic production is helping offset declines in Australia and the UK. Current faba bids are approximately $8.00/bu for #2 export-quality product and $7.50/bu FOB farm for feed quality.

Yield reports on early harvested barley crops have been favourable, with many growers shopping generally decent quality. Later harvested barley is starting to show some lighter quality, but, for now, the feed market is willing to accommodate these lots with reasonable discounts. Make sure you have a test weight and moisture handy so you know what potential discounts may apply if your barley is out of spec. Prices have been holding fairly sideways, ranging anywhere from $4.75-$5.70/bu FOB farm depending on location and movement timeframe. The higher values are generally tied to January-February movement and farms closer to feedlot alley in Alberta. As long as the U.S. corn harvest remains behind schedule, feed barley values should continue to find some support. The quality and progress of the U.S. corn harvest will help determine where barley prices head as the year progresses.

Canola has faced periodic pressure as harvest advances and AAFC’s projected 2026/27 carryout rises to 1.98 MMT. Competition from Australian canola and the potential for increased Prairie deliveries are weighing on nearby values, while solid crush margins near $289/MT and stronger crude oil prices continue to provide support. Local basis levels remain highly variable across the Prairies, with bids ranging from $18.25-$18.60/bu delivered in eastern draw areas to $17.00-$17.75/bu delivered in western draw areas.

Canaryseed harvest continues to progress slowly, with only about one-quarter of Saskatchewan’s crop harvested as of September 21. Fortunately, canaryseed is relatively resistant to quality loss and should come off fairly quickly once growers are able to turn their attention to it. On the demand side, lower Argentine production and sharply higher U.S. millet prices are providing some support as birdseed demand shifts toward canary. While overall supplies are not expected to become tight, the combination of reduced production, delayed harvest, and firm millet prices is supportive of the market. Higher bids could encourage additional selling from Canadian producers, particularly on old crop stocks, which may limit further upside. Pricing is currently holding around $0.20/lb FOB farm, plus or minus half a cent depending on movement.

Large and small green lentil markets have strengthened this week, while red lentil values remain relatively stable. #2 large green lentils have traded as high as $0.30/lb FOB farm on firm offers this week, although pricing appears sensitive to both quality and location. Small greens have also traded as high as $0.25/lb FOB farm on firm offers. Red lentils continue to trade around $0.26-$0.265/lb delivered to plant. The recent increase in large green values could be tied to a couple of factors, including rising pigeon pea prices in India and slower-than-normal farm selling for this time of year. If producer sales begin to pick up, prices could stabilize or soften until another wave of demand develops. Strength in small greens also appears largely tied to slow selling. Red lentil values may remain relatively stable as the market waits for a clearer picture of crop size and quality in other major producing regions, particularly India and Australia.

Oat markets remain fairly flat this week as harvest progresses. Milling-quality oats continue to trade around $3.50/bu FOB farm, while feed oats remain in the $2.50-$2.75/bu FOB farm range for October-December movement. If you have a target in mind, show us an offer and we may be able to get a trade accomplished. Quality could become an issue with this year’s oat crop, making it especially important to know exactly what you have in the bin. Having your quality specifications ready will put you in a better position to act quickly when the right bid comes along.

Mustard markets remain steady as harvest grinds on, with very little movement in pricing across the different varieties this week. More samples are making their way into the office, and mustard harvest appears to be entering its final stages. Yellow mustard continues to trade around $0.38-$0.40/lb FOB farm. If you have off-grade product, show us, as there may be opportunities to get a trade on the books. Brown mustard remains in the $0.35-$0.37/lb range depending on movement, while oriental continues to trade roughly a cent above brown with little opportunity to move low grade product. Our flexible offer system continues to generate buyer interest, so if you have a price in mind, putting out a firm target may be a good way to capture the price and movement you’re looking for.

Pea markets remain relatively quiet as harvest progresses across the Prairies, although the tighter production outlook is providing some underlying support. Canadian pea production is expected to come in below last year as reduced seeded acres and variable yields limit overall supplies, particularly for yellow peas. Export demand from China and India will remain important as the market works through existing carryover, while green peas continue to face heavier supplies and more limited demand. Harvest quality will also be closely watched following the wet conditions experienced across parts of the Prairies in September. For now, yellow peas appear to have the stronger fundamental outlook, while green and maple pea values may require improved export demand before seeing much upside.

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.