Feed barley continues to offer some decent pricing opportunities, with current values quoted between $4.90-$5.70/bu FOB farm depending on location and delivery timeframe. Producers closer to feedlot alley or those willing to carry grain into the winter months will find the strongest bids, making it worthwhile exploring all options with your merchant. With recent widespread rainfall across the Prairies and reports of lighter test weights, some 2026 barley originally intended for malt could end up moving into the feed market, increasing feed supply and potentially limiting upside. On the malt side, firm bids remain difficult to find, making it important to have your quality specs in hand when opportunities arise. At Rayglen, our target system continues to attract buyer attention, so putting out a firm offer may be worth considering in today’s market.

Canaryseed is showing a small sign of life this week, with values currently indicated around $0.20/lb FOB farm for October-November delivery, up a penny from weeks prior. Targets placed through our offer system continue to attract buyer attention as they look to secure some product in a generally slow trading market. While seeded acres for the 2026 growing season are down, carryover from the previous crop means overall supplies remain sufficient to meet current demand. With that in mind, locking in some volume at today’s indicated levels could make sense for producers looking to create bin space and generate farm cashflow.

Flax yields are expected to be lower than last year, which should keep Canadian supplies from becoming burdensome. However, that may not matter much in the bigger picture, with Russia and Kazakhstan expected to produce larger crops in 2026/27. Flax prices remain mostly sideways, with buying activity relatively quiet. Nearby values are sitting around $15.00-$15.50/bu FOB farm, while early new year movement is reaching closer to $16.00-$16.50/bu. The market isn’t overly concerned about quality issues at this point, with the majority of the crop still standing and flax generally able to withstand some harsher weather. Harvest will likely be delayed, however, as growers focus on getting other crops off first. Overall, prices are expected to remain relatively steady as demand from the U.S. continues to trickle in. EU demand is expected to be largely covered by the Black Sea region, while China continues to hold significant inventories in warehouses.

With chickpeas typically being one of the later crops to harvest, recent and upcoming rains have started to generate more discussion around potential quality concerns. Chickpeas are generally able to withstand periods of higher precipitation, but we won’t have a clear picture of any quality impact until harvest gets into full swing, which could still be a couple of weeks away. Globally, the decline in Australian production is significant for Desi chickpeas but could also translate into increased demand for substitutes such as smaller-calibre chickpeas and yellow peas, both of which are readily available in Canada. Prices remain unchanged this week, although buyer interest appears to be picking up. Know your crop, set your price, and get your offers into the market.

Soybeans are holding relatively steady as beneficial rains across the Midwest maintain a bearish outlook, with crop condition ratings remaining unchanged. The USDA report coming out Friday could be the next major market trigger, so some volatility may be in store as the market gets a clearer picture of final yield expectations and the outlook heading into 2027. Local soybean bids are currently sitting between $15.00-$15.25/bu FOB farm for nearby movement. Edible bean markets continue to strengthen, with significant acreage reductions in black and pinto beans, along with growing concerns around U.S. yields, supporting the rally. White bean supplies are also tightening, while buyers continue working to secure coverage before the market potentially levels off. Faba bean production is expected to be slightly lower overall, although strong Baltic crops are helping offset declines in Australia and the UK. Current faba bean bids are approximately $8.00/bu for #2 export-quality product and $7.50/bu FOB farm for feed-grade beans.

Canola is trading in the red at the time of writing Wednesday, giving back some of Tuesday’s gains. Futures values remain strong, with November around $832/MT, January at $841/MT, and March reaching $850/MT. Analysts continue to see a firm tone in the market, with crude oil and the ongoing conflict in the Middle East remaining key sources of support. Recent weather events across the Prairies have added further support, as some areas have experienced flooding while varying rainfall amounts continue to extend harvest delays. For local pricing, Eastern Saskatchewan is seeing bids around $18.50/bu delivered to plant for September through November, with monthly carry pushing values toward $19.00/bu for summer 2027 movement. Northwestern Saskatchewan is seeing posted bids ranging from $18.10-$18.65/bu delivered, again depending on delivery month, with stronger values available for deferred movement. West Central Saskatchewan saw bids around $17.50/bu delivered to plant to begin the week. For FOB farm or off-spec canola opportunities, give your merchant a call and consider posting an offer if you have a selling price in mind.

The pea market continues to show some decent life, especially for this time of year when buyer interest can often be subdued by harvest pressure. Strong pulse exports to India and China are helping work through some of last year’s carryover, while this year’s yields have so far been underwhelming compared to earlier expectations. Many are now expecting production to come in closer to the five-year average than initially predicted. Recent weather issues could also further impact the quality of product still sitting in the field, although the full effect has yet to be seen. For #2 yellow peas, bids are currently around $8.00/bu picked up on farm in many areas, with some buyers willing to show a premium for non-glyphosate. Green peas are seeing bids around $9.00/bu delivered to plant or $8.00-$8.50/bu picked up on farm depending on freight costs. Maple peas have recently traded around $10.00/bu delivered for certain varieties. Grower offers and targets remain an effective way to try and capture a premium in today’s market, as buyers are actively looking for product. Talk to your merchant about finding a price tailored to your farm and marketing needs.

Lentil trade has slowly started to pick up over the past week, with red lentils seeing the most activity, followed by small greens and then large greens. Prices are beginning to strengthen as poor weather impacts the quality of crops still sitting in the field. Red lentils are currently trading around $0.25-0.26/lb delivered, with large green lentil targets triggering at $0.26/lb FOB. Small greens are trading around $0.22/lb delivered, while French green lentils traded at $0.23/lb FOB farm last week. Buyers appear most interested in purchasing 2026 product that is already in the bin and available on firm offer. If poor weather conditions continue across the Prairies, we could see the price gap between 2025 and 2026 crop narrow or disappear altogether, as last year’s production may ultimately look better than some of this year’s crop.

Oat markets remain quiet, with relatively little product being offered at the moment. Prices continue to trade sideways, with lower-quality oats around $2.50-$2.75/bu for September-October delivery. Milling-quality oats are closer to $3.50/bu FOB farm, although movement is generally pushed into the new year. There isn’t much being offered for quick movement right now. The main questions coming from buyers this week are how much product is already in the bin, what the quality of that product looks like, and what quality will look like on oats still in the field following this weekend’s rain. As harvest progresses, having your specs in hand will be increasingly important for identifying the right marketing opportunities.

The global wheat market has turned more supportive for Canadian growers this week, as ongoing Black Sea disruptions push major importers toward alternative suppliers and provide strength to world wheat prices. At the same time, Prairie harvest delays and wet weather are creating uncertainty around Canadian wheat quality, which could tighten supplies of premium milling wheat and potentially strengthen premiums for good-quality CWRS and durum. Strong early Canadian export demand is providing additional support, although a larger Australian crop remains a source of competition. Overall, the combination of Black Sea supply disruptions, strong export demand, and Canadian quality concerns is supportive for wheat prices, but the market remains volatile and could retreat quickly if Black Sea shipments normalize or competing supplies increase. Bids are currently floating around $8.50-$9.00/bu delivered depending on movement for #1 CWRS with 13.5% protein, while milling durum indications are around $7.50-$8.00/bu. Quality and final production remain significant variables across all wheat classes.

Mustard prices remain relatively stable, with perhaps a slight move higher after heavy rains hit much of the province while a significant amount of mustard remains in the field. Harvest has been progressing somewhat slowly, so the market will be watching closely to see what impact the latest moisture has on quality. Prices may be inching slightly higher, but there isn’t enough movement yet to call it a trend. Current values vary depending on shipment timing, with stronger prices generally available for those willing to wait longer for movement. Yellow mustard is trading in the $0.37-$0.40/lb range, brown around $0.35-$0.37/lb, and oriental around $0.38-$0.39/lb picked up on farm. Lower-grade mustard remains tradeable as well, so let us know what you have and give us a call with firm offers on any grade.

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.