Canola

 

Canola futures are starting to get overbought on the July & Nov contracts. We need to keep a close eye out for any reversals (harami/2-day) since the markets are vulnerable in this position. The next two resistance points are $750/T and $767/T on July, and $741/T and $747/T on Nov. It would take a move above those levels to push the uptrend further. There is still a good support zone at $700-710/T to hold on any short-term pullbacks.

 

Wheat

 

Wheat futures have had two solid weeks of upside and are now reaching an overbought position as well. July Minneapolis will take a shot at breaking above or failing at the $7.02/bu resistance this week. All eyes are on the US crop progress report on Monday afternoon. Any more big reductions in the good/excellent crop could be the catalyst to push the uptrend further.

 

July Kansas wheat had a sell signal on Friday and is experiencing a little follow-through weakness to start this week. The first support to hold is at ~$6.60/bu. Chicago wheat is a touch behind the pace of Min & Kan, and will look to challenge the resistance range at $6.30-6.47/bu on the July contract.

 

Soybeans

 

Soybeans remain rangebound with support at $11.60/bu and resistance at $12.00/bu on the July contract. The Nov contract can extend the uptrend if it moves above $11.74/bu. Both contracts are overbought, so we are also watching for any reversals (sell signals) at the top of the ranges.

 

Corn

 

Corn is above the moving averages again to start the week. Holding above $4.66/bu on the July contract would be a good sign for the short-term. That would mean a possible move up to $4.85-5.00/bu. We will likely put out a recommendation if that range hits, or when the next reversal happens on the July contract.

 

Oats

 

Oats are holding above the $3.30/bu support level to start the week. This market is oversold (opposite of the other grains/oilseeds) and due for some recovery. The first stop is resistance at ~$3.50/bu. A move above that would help confirm another .20-.30/bu further upside. That is about the best we can forecast at the moment, based on the current S&D outlook for oats.

 

Peas

 

Yellow pea prices have slowed down over the past couple of weeks. The high end of the market for the 2025 crop is ~$8.60/bu in Alberta, while other areas remain $7.75/bu or better. 2026 crop prices have been moving up a bit, but the high end seems to be stuck around $8.00-8.33/bu.

 

Greens have been under a little pressure lately and sit in the $9.50-10.50/bu range on the 2025 crop, with high-end $10.00/bu on the 2026 crop. The Maple market hasn’t moved much, and continues to trade around $11.50-13.00/bu depending on variety & grade. Early 2026 crop indications are still around $10/bu.

 

The Chickpea market perked up last week with a .01-.02/lb gain on top grades. The market is as high as .27-.28/lb in some areas. Early 2026 offers are around .25/lb at best at the moment. It’s looking like the April seasonal track record for higher-end of-month prices will be extended for a 7th year, barring any setback this week. We will decide on more sales by the end of the month.

 

We have plans to sell peas again, with any seasonal/crop issue strength, through May-July. Yellows tend to be flatter generally until May-June, while Greens have a higher chance of upside in May. We made some recs on peas a couple of weeks ago. That still holds for Maples, but we are waiting for a price recovery on Yellow & Green after this recent setback.

 

Lentils

 

Red lentils have found some resistance at .255-.26/lb, but seem to be holding steady in that range. The 2026 crop pricing is holding steady at .25/lb without an AOG in most areas. These prices are an okay spot for some small sales. I would wait if your offers are under .25/lb.

 

Lairds have been flat for a couple of months now with the 2025 crop stuck at .25-.27/lb at best. Some areas saw 2026 crop offers jump to .28/lb over the last couple of weeks. I would still recommend a small 10% sale to get started on the 2026 crop. Eston prices are stuck at .18-.19/lb on 2025 crop, and saw a small jump to .20/lb on 2026 crop.

 

We are still holding a small amount back for a possible rise into May-July on weather concerns. If the heatwave continues to impact crops in India, Pakistan, and elsewhere, and if there are any planting issues for Australia/North America, it can help improve pricing.

 

Durum

 

2025 crop durum prices seem to be holding around $7.75-8.00/bu. The 2026 crop pricing has gone a bit quiet as well. I was hearing some $8-9/bu a few weeks back, but lately it’s been more focused on the 2025 crop. The best 2026 crop price I heard last week was around $8/bu.

 

Use current price ranges to be up to 90% sold on 2025 crop, and I would be waiting for a minimum of $8/bu to start 2026 crop. I think .50/bu is a realistic upside for low-priced regions. April & May have some occurrence of seasonal upside, but the seasonal trend is generally a more choppy sideways range until late summer. 

 

Barley

 

The feed barley market continues to hold a stronger range with high-end (feedlot alley) offers at $6.30-6.50/bu. Some areas that were fighting to get $5/bu at year-end are now being offered closer to $6/bu. 2026 prices haven’t moved up quite as much, but are still benefiting from some spillover support from strong export demand & domestic use. We made some small recs on feed recently, and those still apply today.

 

The 2025 malt market had a surprise $1/bu jump two weeks ago, with the high-end hitting $6.60/bu. Canada regained some export business with Colombia. There is some renewed demand due to tighter global supply in France/elsewhere. That, along with spillover strength from feed markets, helped push Malt up when it would normally be flat to lower. If you have any in the bin, you can let it go at current prices.

 

The 2026 market hasn’t moved as much yet. I see a few line companies offering $6.06/bu again, but I haven’t heard any maltster bids recently. I would be selling up to 20-30% of my 2026 crop production at current values. Then we will keep an eye on supply potential and malt/feed spreads this summer to decide on the upside potential after harvest.

 

Canary Seed

 

The canary market saw a small increase recently, with some areas back to .20/lb. We are sitting at 40% sold on 2025 crop and 0% sold on 2026 crop. We are considering a rec on some 2025 crop but will also wait on some until June, as it is often the next best month for some sales.

 

Flax

 

The flax market has been improving over the past couple of weeks. The best price I have found lately on 2025 crop is around the $17-18.25/bu range for western Canada. 2026 pricing has perked up in some areas as well. There were some $17/bu harvest delivery and $18/bu Apr-June 2027 movement offers on the table last week. Continue using the current range to sell some 2025 crop, and target $17/bu or better for the first sales of the 2026 crop. There is also a strong tendency for prices to increase in Apr-May.

 

Mustard

 

Mustard prices have been flat for the last couple of weeks. Yellow prices are holding around .38-.40/lb now. 2026 offers have set back to .40/lb recently. I still see .42/lb as an okay starting point, but only small sales, as there is a lot up in the air with S&D going into summer.

 

Brown prices are in a .32-.35/lb range. The plan is to wait for a minimum .02-.03/lb jump in prices before we make the next sales. April has proven to be a strong month in the first 4 years of our seasonal price tracking. The market has closed higher by the end of the month in all 4 years.

 

Rye

 

The rye market has seen a little upside recently. Corn & wheat strength has been helping lift prices a bit. The high-end of the market is around $5.50/bu on 2025 crop and $6/bu on 2026 crop. Those prices would be delivered into south-east MB.

 

We are holding off on further 2026 crop sales and are still recommending sales on the 2025 crop at current levels. If wheat breaks out above $7/bu, it can help lift rye prices further. Rye is ultimately held back by its own S&D right now, with ample stocks and slow export demand.

 

Faba Beans

 

The Faba market woke up a bit recently with some areas hitting $7.50/bu for May movement on feed (Snowbirds). Food grade (Fabelle) offers are sitting around $10/bu on 2025 & 2026 crop. There aren’t any 2026 feed bids listed on our online sources yet. April is often a decent seasonal window to get some sales going on Faba’s, so you can continue selling at current prices!