Daily price declines seen in recent weeks seem to have leveled off, as values in the pea market held steady over the past week. Yellow peas are trading at $6.50–6.75/bu FOB, greens at $10.00/bu for max 3% bleach and maples around $9.50/bu, all contingent on movement timeline and freight costs. Rumors India may impose a yellow pea tariff to prevent imports from further depressing local prices have arisen. If implemented, this could negatively affect Canadian pea markets, particularly with Chinese tariffs already limiting trade. For now, bids appear to have reached a seasonal low, and the outlook for the large 2025/2026 supply will hinge on new overseas export opportunities, or a lack of.

Chickpea harvest is still progressing this week. As of last, Saskatchewan was 8% complete, while Alberta had 17% in the bin. Quality concerns remain a topic of conversation due to delays, but it is still too early to gauge the full extent of any issues. There have been whispers of 40bu/acre yields, though those reports seem isolated and it’s unclear how widespread such results might be. Large Kabulis (#2 grade, max 10% 7mm, min 20% 9mm) have been trading consistently in the low 30s for several weeks. While those prices are not drawing aggressive sales, trades continue to occur steadily. Global supply remains ample, giving buyers alternatives if North American sales move slowly. Feed markets are still operating quietly in the background, but without a significant event to shift sentiment, chickpea markets appear firmly set for the time being.

Barley remains under harvest pressure as growers pull off strong yields and work to free up bin space. The potential for a record-large U.S. corn crop is also weighing on Canadian barley prices. Malt demand has been quiet, with few active bids, but maltsters remain open to offers. Having malt variety grading and specs ready when reaching out may provide an opportunity to secure sales. Feed barley is quoted at $4.00–4.25/bu in Saskatchewan, with stronger values closer to feedlot alley. For those able to hold grain into first-quarter 2026 shipping, $4.50/bu FOB farm may be achievable.

Wheat markets continue to trade sideways to lower, supported by confidence in global wheat supplies. Harvests in the EU and Black Sea regions are nearly complete, North American progress is strong, and Australian prospects remain favorable, leaving little room for bullish news. Recent frosts and upcoming rains could affect quality, but any impact will need to be confirmed. Durum markets are also under pressure, with bids slipping as both EU and Canadian production areas show strength. Local wheat prices include CWRS 13.5 protein at $7.00–7.10/bu delivered Central Saskatchewan, CPSR at $6.35–6.45/bu, and soft white at $6.25–6.40/bu delivered plant, with carry available for later fall delivery. Feed wheat is indicated at $5.90–6.00/bu FOB farm, with stronger bids moving west toward feedlot alley. For other classes, producers should contact their merchants for area-specific pricing.

Canola markets have traded mostly sideways over the past week. Futures are finding resistance near $610/MT, which has kept values from shifting significantly. As of writing, November futures are at $622.50/MT, about $5/mt higher than a week ago. A quick look at posted bids shows basis levels largely in the minus $20 to $35/MT range, suggesting buyers are reasonably comfortable with current supply. Export movement remains slow with tariff issues still looming, though increasing attention in the media and signals from government officials suggest this is becoming a priority. Whether that leads to meaningful action remains to be seen.

Lentil markets are showing more stability this week, with prices holding steady and selling pressure easing. More buyers are stepping in to purchase, with large green lentils trading around 24 cents/lb FOB farm and red lentils at 21–22 cents/lb FOB farm, depending on movement timing and location. The small green lentil market remains quiet, with limited interest even below 20 cents. Early yield reports and expanded acreage suggest this trend could persist. Another factor this season is the wide variation in grades, which has not been common in recent years. Grain quality is weaker overall, making pre-grading samples a crucial step to guide marketing decisions. While pre-shipping grades don’t guarantee final unload grades, they can help clarify expectations and support smoother sales.

Oat prices are steady this week, ranging from $3.75–4.00/bu delivered, with some opportunities reaching $4.25/bu for spring movement. Nearby space and market options remain limited. Producers should be mindful of acceptable pre-harvest desiccants, as certain chemical restrictions may make oats ineligible for some markets. This could also be a good year to obtain official grades to identify any off-quality specs early, ensuring the product can be marketed appropriately. The feed oat market remains quiet, with only small, sporadic opportunities popping up – have your weight and downgrading factors ready for the best chance at securing firm bids.

Early flax harvest has begun, bringing some fresh marketing opportunities. Posted values are hovering around $17.00–17.50 FOB, though a few offers have triggered at $18.00/bu picked up for nearby movement, depending on freight costs. Outside of those limited opportunities, movement timelines vary from buyer to buyer.  Carry-over is very limited, but as harvest advances further, prices could see a cap while the market determines supply and demand dynamics. Global flax prices will be influenced primarily by increased production from Russia and Kazakhstan. Prices are expected to remain relatively stable, and given the sharp declines seen in other commodities, locking in some flax sales for movement could prove favorable.

Mustard harvest is just beginning, and the first samples are starting to come in. Yield reports are still limited, but so far results seem to range from average to above average in areas where product has hit the bin. Quality remains the main concern, particularly in regions that received heavy late summer rains. New growth has created challenges for producers now trying to manage a mix of mature and immature plants. Yellow and brown mustard prices have slipped slightly, likely due to some harvest pressure while demand remains sluggish. Yellow mustard is quoted at 42–44 cents/lb FOB farm, while brown trading at 35–37 cents/lb FOB. Oriental mustard is holding its ground at 40–42 cents/lb FOB farm for now. Lower grade mustard remains difficult to move, but the odd opportunity does arise, so keep your merchant up to date with specs and quantity.

Soybean futures are struggling to attract buyers, as the expected slight decrease in the USDA’s yield forecast has already been priced in. The continued decline in Chinese demand for new-crop U.S. supplies is becoming a more significant concern. Local soybean prices are holding between $10.65–11.00/bu at the farm gate. Dry bean acreage is estimated to be down 5% to 383,000 acres. Crop conditions vary widely across North America: Ontario and Michigan have faced challenges, while Manitoba and irrigated areas further west are showing stronger yield potential. In Mexico, prices for black and pinto beans have been recovering from earlier lows, though they could face pressure as harvest nears. Dry bean prices are currently 35–40 cents per pound delivered, with specialty varieties fetching higher values. Export interest in faba beans remains limited, with farm gate bids around $8.00/bu and feed-quality faba beans priced near $7.00/bu FOB farm.

StatsCan estimates on-farm canaryseed stocks at 84,000 tonnes—the highest level since the 2006–07 season. With this year’s increased seeded acres and projected strong yields, stocks are expected to rise further. As of September 1, only 5% of the canaryseed harvest had been completed, well behind the 10-year average of 28%, according to Sask Ag. Last week’s frost affected some unharvested acres, though the extent of the damage remains uncertain. It is a factor to monitor, but for now, a sizable portion of last year’s crop still needs to move through the system. Current on farm prices range from $0.20–0.22 per pound, depending on location. The market continues to search for a bottom, with only a small amount of new crop beginning to enter the pipeline.

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.