Grain Prices Could Move FAST — Harvest 2026 Market Update

Are grain merchants starting to feel the pressure as Harvest 2026 gets underway?

In Episode 143 of the What The Futures Podcast, Ryan breaks down some major developments happening across the Western Canadian grain market, including a significant weather event across the Prairies, harvest delays, grain quality concerns, changing basis levels and what it could mean for farmers and grain buyers.

We also sit down with Cody McNernie from O&T Farms to discuss the flax market, pulse markets, specialty crop purchasing, forward contracting and the relationship between farmers and processors. Cody explains how O&T Farms works directly with Prairie farmers to source flax and pulses for its value-added feed ingredient business.

Later, Brian Comeault from Canadian Agriculture Markets joins the show to break down the latest StatsCan grain stocks and supply-and-demand numbers, including surprisingly tight canola ending stocks, heavier supplies of some pulse crops and what the data could mean for grain prices heading into the coming months.

Brian also shares his outlook on a potential grain market correction, why farmers should expect corrections rather than fear them, and why the fundamentals could still look promising heading into late winter and spring 2027.

🌾 In This Episode:

00:00 Harvest 2026 Grain Market Update

08:39 Cody McNerney Joins the Show | Flax & Pulse Markets

12:15 How Processors Buy Directly From Farmers

15:51 Why Forward Contracting Flax Is Becoming More Popular

18:29 Flax Varieties & What Processors Are Looking For

22:08 Flax & Pulse Price Outlook