October 27th 2026

Hours of Operation: 8:00AM to 5:00PM | Weekdays
Web Home: johnstonsgrain.com
Toll Free: (844) 324-7778
Maple Creek Warehouse:639-574-0116
Moosomin Warehouse: (844) 324-7778
Domestic Brokerage:
broker@johnstonsgrain.com
Sales Agronomists:
agronomist@johnstonsgrain.com
Freight/Logistics:
logistics@johnstonsgrain.com
Commercial Brokerage/Platform Inquiries (Feedlot/Track/Export):
connected@johnstonsgrain.com

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Glyphosate & Glufosinate: Market Update & Influences

Canadian herbicide prices have strengthened since September. Glyphosate is moving upward comparatively gradually, while glufosinate faces more pronounced technical-grade supply pressure.

The latest published Johnstons Grain pricing indicates increases of approximately 5.2% for Glyphosate 540 and 13.4% for Glufosinate 150 compared with the September reference prices. These developments suggest that additional cost pressure remains possible heading into the winter procurement period and spring 2027.

Canadian Farm-Gate Price Comparison

Product	September Price	Latest Listed Price	Change
Glyphosate 540	$5.79/L	$6.09/L	+5.2%
Glufosinate 150	$4.49/L	$5.09/L	+13.4%

All Canadian retail prices are expressed in Canadian dollars per litre. The latest listed prices are from October 22, 2026, and should be confirmed before contracting.

Chinese Technical-Grade Markets (USD)

China remains a major source of herbicide active ingredients used in North American formulations.Recent Chinese technical-grade market observations indicate continued upward pressure on both glyphosate and glufosinate, although the magnitude of these increases differs considerably.

Glyphosate 95% Technical

• September reference: Approximately US$4,071 per metric tonne.
• October 11–20: Approximately US$4,148 per metric tonne.
• Market direction: Moderately higher.

Glufosinate 95% Technical

• September reference: Approximately US$8,571 per metric tonne.
• October indications: Approximately US$9,286–$10,000 per metric tonne.
• Market direction: Significantly higher, with continued supply-side pressure.

These values are approximate conversions of Chinese wholesale quotations using an illustrative exchange rate of 7.00 Chinese yuan per US dollar. They are not historical foreign-exchange-adjusted transaction prices or Canadian retail quotations.

What Is Driving Herbicide Costs?

1. Glufosinate Supply Constraints

Glufosinate continues to experience more significant price pressure than glyphosate. Recent industry reporting identifies several contributing factors, including tightening technical-grade inventories, shortages of key chemical intermediates and manufacturing constraints. These conditions have reduced available supply and increased the risk of further replacement-cost increases for importers and distributors. If these constraints persist through the winter procurement period, additional upward pressure on Canadian retail prices remains possible.

2. Energy, Freight and Manufacturing Costs

Energy and transportation costs continue to influence global chemical production and delivery expenses. However, the latest Chinese market data indicates that not all manufacturing inputs are increasing simultaneously.

During the October 11–20 reporting period:

• Diesel prices increased approximately 2.7%.
• Liquefied natural gas increased approximately 9.1%.
• Methanol declined approximately 6.2%.

This mixed performance suggests that current herbicide price increases cannot be attributed exclusively to rising energy costs. Manufacturing capacity, chemical intermediate availability, export policies and product-specific supply conditions are increasingly important factors. Geopolitical uncertainty and potential disruptions to international energy infrastructure also remain risks for global shipping and production costs.

3. Seasonal Restocking Ahead of Spring 2027

Northern Hemisphere chemical purchasing typically strengthens through fall and winter as distributors and retailers prepare for spring applications. This seasonal procurement activity can support technical-grade prices, particularly when inventories are already constrained. However, the strength of international demand remains an important variable. If Chinese manufacturers increase production or export demand weakens, some of the current upward pressure could moderate.

Spring 2027 Herbicide Price Outlook

Glyphosate — Cautiously Firm

Chinese glyphosate technical-grade prices have continued to strengthen, although increases remain comparatively moderate. Available production capacity and uncertain international demand could limit further increases. Nevertheless, seasonal procurement activity, transportation costs and currency fluctuations may contribute to additional Canadian replacement-cost pressure. Our current outlook remains cautiously firm, with further increases possible but not guaranteed.

Glufosinate — Greater Upside Price Risk

Glufosinate faces a more pronounced supply-driven pricing environment. Tight technical-grade inventories, shortages of chemical intermediates and manufacturing constraints continue to support higher wholesale quotations. Unless these conditions improve, Canadian importers and distributors may encounter additional replacement-cost increases. Of the two major non-selective herbicides, glufosinate currently appears to carry the greater risk of additional price appreciation heading into spring 2027.

What This Means for Prairie Producers

With spring 2027 purchasing decisions approaching, producers should consider both price and product availability when planning chemical requirements. Canadian retail prices have already absorbed some of the increases identified in September. However, continued strength in Chinese technical-grade markets means replacement inventory may carry higher costs than existing Canadian stock. For growers with established spring chemical requirements, securing competitive pricing on available inventory may provide greater certainty than waiting for a broad market correction. That said, further price increases are not guaranteed. Changes in Chinese manufacturing output, international export demand, currency exchange rates, freight costs and global energy markets could materially alter the pricing outlook over the coming months.

Our Recommendation

Johnstons Grain encourages producers to evaluate their anticipated spring 2027 herbicide requirements early and compare current inventory pricing against the potential cost of future replacement shipments. While glyphosate pricing appears comparatively stable, the continued strength of glufosinate technical-grade markets warrants particular attention. Proactive purchasing may help manage pricing uncertainty and improve product availability heading into spring. We will continue monitoring Chinese manufacturing activity, technical-grade prices, global freight conditions and Canadian retail markets as new information becomes available.

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Damp Wheat & Heated Canola: What a Wet Harvest Is Worth

Most of the Prairie crop is in the bin. Saskatchewan’s latest crop report had provincial harvest 97 per cent complete as of October 19, with canola at 96 per cent, flax at 88 and soybeans at 74. What is left in the field is small. What is in the bin is the bigger question, because this was a wet, late year, and this week’s prices show how much sample quality is worth.

Four Trades | One Lesson

Here is what traded across our desk this week, in aggregate. Dry feed wheat, 58 pounds or better with tight limits on ergot and vomitoxin, traded at $7.60 a bushel for November and December delivery, with a 1 per cent shrink. A wheat lot expected to run 15.3 to 16.5 per cent moisture traded at $6.00 a bushel, with a drying discount schedule written into the contract. Number 2 yellow peas on a tight spec traded at $9.00 a bushel for January to June movement. And a lot of heated canola, 23 to 50 per cent heated, dry and stable and sold as is, traded at $10.50 a bushel.

What Downgrades Cost

Beside the obvious hair pulling and frustration Real Agriculture’s Shaun Haney cited Farm Credit Canada figures this week that put the cost of dropping wheat from No. 1 to No. 3 at about $50 an acre, against roughly $15 to $20 an acre in extra diesel for drying. Treat those as FCC estimates, not a rule, but the logic holds: drying is often cheaper than the downgrade. Currently farm diesel is still about double last year, which is why that decision deserves a pencil rather than a guess.

Weekday To Do List:

Walk every bin and take temperatures, not just moisture. Run aeration on anything above safe storage moisture. Sort lots by quality instead of blending them down to the worst sample. Get a grade and a moisture reading on anything you plan to price, and call your buyer before you haul anything you suspect is warm. If a lot is borderline, price the sample you have, not the sample you hoped for.

By Joel Merkosky, Chief Operating Officer, Johnston’s Grain

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Have Grain to Market?

Johnstons Grain continues to work with buyers and producers across Western Canada, sourcing grain and identifying opportunities across multiple markets.

For current bids, available movement windows or marketing inquiries, contact our grain marketing team.

Johnstons Grain
1.844.324.7778
info@johnstonsgrain.com
www.johnstonsgrain.com

Market information is provided for general reference. Prices, movement windows and buyer specifications are subject to change and confirmation.

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CHEMICAL BASE PRICING:

• 500L or 1000L Totes (Subject to Availability)

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Company Directory & Locations

Calgary Head Office
Hours: 8:00AM-5:00PM Monday to Friday
Address: Suite 2800, 150 – 9th Ave SW, Calgary AB
Phone:1.844.324.7778
Email: info@johnstonsgrain.com

Maple Creek, SK Facility (Warehouse & Retail Location)
Hours: 8:00AM-5:00PM Monday to Friday
Address: 7218 SK-21, Maple Creek, SK
Manager and Sales Lead: Terry Sunderland
Phone: 1.639.574.0116
Email:terry@johnstonsgrain.com

Crop Protection

Calgary Northeast (Calgary Office): Garrett Forster – (604) 613-8813 (garrett.forster@johnstonsgrain.com)

Calgary South (Calgary Office): Kurt Paskal – (403) 899-0308 (kurt@johnstonsgrain.com)

Edmonton, AB Area: Devan Launer – (780) 239-4786 (devan@johnstonsregenerative.com)

Northwest, SK (Lashburn): Kylar Hope – (306) 361-0053 (kylar@johnstonsgrain.com)

Southwest-Sask: Randy Adrian – (306) 294-0042 (randy@johnstonsgrain.com)

Sask & Mb: Karlee Stanhope – (306) 434-7637 (karlee@johnstonsrgrain.com)

Grain Brokerage

Garrett Forster | Sr Grain Broker – (604) 613-8813 (garrett.forster@johnstonsgrain.com)

Kurt Paskal | Sr Grain Broker – (403) 899-0308 (kurt@johnstonsgrain.com)

Karlee Stanhope | Sr Grain Broker – (306) 434-7637 (karlee@johnstonsgrain.com)

Carli Miller | Jr Grain Broker – (1833) 324-7778 (carli@johnstonsgrain.com)

Agronomists

Deepak Chaunkaria: (844) 324-7778 ( deepak@johnstonsgrain.com)

Randy Adrian: (306) 294-0042 (randy@johnstonsgrain.com)

Regenerative Agronomy

Dr. Clemence Muitire, PHD Soil Science | Director of Regenerative Agronomy: (403) 585-3518 (clemence@johnstonsregenerative.com)

Frank Koch, Regenerative Agronomist: (403) 632-6066 (frank@johnstonsregenerative.com)

Travis Albrecht, Director of Johnston’s Regenerative: (403) 502-6332 (travis@johnstonsregenerative.com)

Michael Launer, Director of Johnston’s Regenerative: (780) 232-0358 (michael@johnstonsregenerative.com)

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Trades Update

Johnstons Grain

Total Tonnage: 352MT

Johnstons Connected

Total Tonnage: 516MT

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Johnstons Connected Trading Platform

Access the link below in order to create your Johnstons Connected Trading Platform account. Once registered and verified, you’ll be able to set Target Price Agreements (TPAs) across our entire grain marketing network granting you access to large selection of commercial buyers & farm grain resellers, making it easier to buy and sell grain at the price that you want!
Johnston’s Connected Home Page

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Western Canadian Weather Forecast

CALGARY SASKATOON WINNIPEG

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Bulk Fuel

To request quotes from the largest bulk provider of Esso branded fuels in Western Canada, follow the link below to our website and fill out a very simple application form.

Bulk Fuel – Johnstons Grain

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Currency Update

USD into CAD: $1.4030
CAD into USD:$0.7127

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Commodities Update(USD$)

Dec’26 Live Cattle: $230.150
Dec’26 Lean Hogs: $62.775
Oil (WTI): $100.55
Oil (WCS): $70.25
Gold: $4,052.55
Silver: $54.39
Bitcoin: $80,173.00
Ethereum: $2,327.75

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Daily Joke

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Grain Bid Update

BARLEY

Feed Barley	FOB Farm (November-December)
Medicine Hat, AB	$5.25-$5.55
Red Deer, AB	$5.15-$5.30
Edmonton, AB	$5.00-$5.15
Swift Current, SK	$5.05-$5.20
Saskatoon, SK	$4.95-$5.10
Regina, SK	$4.95-$5.10
Yorkton, SK	$4.85-$5.00
Estevan, SK	$4.85-$5.00
Brandon, MB	$4.85-$5.00

Southern Alberta Feed Barley (Delivered)
Nov-Dec: $298
Jan-Mar²⁷: $302
Apr-June: $313
Subject To Reconfirmation*

Malt Barley
No bid

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CANARY SEED

#1 Canada
$0.20-$0.21/Lb
FOB Farm Nov-Dec

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CANOLA
*We are always looking for tough, green, sprouted or heated canola. Please reach out with any offers*

Conventional Canola
$18.00/bu
Delivered November
Southern-Alberta

Conventional Canola
Call For Bid
FOB Farm November
Saskatchewan | Manitoba

Closing Futures Prices
Jan 2027 Futures: $790.60
Mar 2027 Futures: $802.60

Non-Gmo Canola (Clearfield)
November-December: Call For Bid

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CHICKPEAS

Kabuli Chickpeas
#2 Canada: $0.30-$0.32/lb
FOB Farm Nov-Dec
Max 20% 7mm, Min 40% 9mm

Feed/Sample Kabuli
$0.12-0.13/lb
FOB Farm Nov-Dec

Desi Chickpeas
Call for bid

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CORN

#2CW Corn MB FOB Farm
Nov-Dec: Call For Bid
Jan-Mar: Call For Bid

Closing Futures Prices
Dec 26′ Futures: $451-6
Mar 27′ Futures: $465-0
May 27′ Futures: $474-0

Southern AB Corn (FOB)
November: $292
December: $292
January: $302
February: $302
March: $303
April: $308
May: $308
June:$311
Basis Contracts Available*

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BEANS

Black Beans
Call for bid

Cranberry Beans
Call for bid

Great Northern Beans
Call for bid

Fababeans
Call for bid

Pinto Beans
Call for bid

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FLAX

Brown Flax
#1 Canada: $17.00/bu
Delivered AB Facility | Prompt

Brown Flax
#1 Canada: $16.00-$16.50/bu
FOB Farm SK | Nov-Dec

Brown Flax
#1 Canada: Call For Bid
FOB Farm MB | Nov-Dec

Yellow Flax
#1 Canada: $18.00/bu
Delivered AB Facility | Prompt

Yellow Flax
#1 Canada: Call For Bid
SK MB | Nov -Dec

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LENTILS

Large Greens (Lairds | 2026 Crop Year)
#2 Canada: $0.28-$0.30/lb
FOB Farm for Nov-Dec

X3 Canada: $0.21-$0.23/lb
FOB Farm for Oct-Dec

#3 Canada: $0.19-$0.20/lb
FOB Farm for Nov-Dec

Medium Greens (Richleas)
#1,#2 Can: $0.16-0.17/Lb
FOB Farm for Nov-Dec

Small Greens (Estons | 2026 Crop Year)
#1 Canada: $0.27-$0.28/lb
FOB Farm for Nov-Dec

#2 Canada: $0.18-$0.20/lb
FOB Farm for Nov-Dec

X3 Canada: $0.17-$0.18/lb
FOB Farm for Nov-Dec

#3 Canada: $0.14-$0.16/lb
FOB Farm for Nov-Dec

Red Lentils
#2 Canada: $0.23-$0.24/Lb
FOB Farm for Nov-Dec

X3 Canada: $0.18-$0.19/Lb
FOB Farm for Nov-Dec

#3 Canada: $0.16-$0.17/Lb
FOB Farm for Nov-Dec

Feed/Sample Canada: $0.14-$0.15/Lb
FOB Farm for Nov-Dec

French Green Lentils
#1 Can: $0.22-$0.23/Lb
FOB Farm Nov-Dec
Subject to Reconfirmation*

Beluga Lentils (Black)
Call for Bid

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MUSTARD

Yellow Mustard
#1 Canada: $0.38-$0.40/lb
FOB farm for Nov-Dec

Brown Mustard
#1 Canada: $0.36-$0.38/lb
FOB farm for Nov-Dec

Oriental Mustard
#1 Canada: $0.37-$0.38/lb
FOB farm for Nov-Dec

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OATS

Milling Oats (Min: 42Lb/Bu)
$3.50-$4.25/bu
FOB Farm Oct-March | Southeast Sk | West MB

Milling Oats (Min: 42Lb/Bu)
$3.50-$4.10/bu
FOB Farm Nov-Dec | Saskatchewan

Feed Oats (38-40Lb/Bu)
$2.00-$2.45/bu
FOB Farm Nov-Dec
Discounts for lighter product
Freight area sensitive

Closing Futures Prices
Dec 2026 Futures: $355-0
Mar 2027 Futures: $367-4

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PEAS

Yellow Peas
#2 Canada: $9.75/bu
Delivered Nov-Dec
Alberta | GLYPHOSATE NOT A FACTOR

Yellow Peas
#2 Canada: $8.00-$9.00/bu
FOB Farm Nov-Dec
Saskatchewan

Yellow Peas
#2 Canada: Call For Bid
FOB Farm Nov-Dec
Minimum: 22% protein
SOY FREE
S.W. Manitoba

Green Peas
#2 Canada: $9.50/bu
Delivered Oct–Nov
Alberta

Green Peas
#2 Canada: $8.50-$9.00/bu
FOB Farm Nov-Dec
Saskatchewan

Green Peas
#3 Canada: $6.00-$6.50/bu
FOB Farm Nov-Dec
Saskatchewan


Maple Peas
Mosaic: Call For Bid
Acers: Call For Bid
Blazers: Call For Bid
Origin: Southern AB | SW SK


Feed Peas
Call For Bid
FOB farm Nov-Dec
AB | SK | MB

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RYE

Hybrid Rye
Call For Bid
FOB farm Aug

Hybrid Rye
Call For Bid
FOB farm Nov-Dec

Open-Pollinated Rye
Call For Bid
FOB farm Nov-Dec

Open-Pollinated Rye
Call For Bid
FOB farm Nov-Dec

Note: Please note that we are seeing elevated levels of ergot in the 2026 crop. Please notify your broker of any ergot or other degrading factors and provide grading sheets, photos, or sample results when available to help ensure accurate pricing and avoid surprises at delivery.

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SOYBEANS

Soybeans
US #2 or better:
$15.40-$15.80/bu
FOB Farm Nov-March
SE SK & SW Manitoba
Higher values available closer to Winnipeg*

Closing Futures Prices
Jan 27′ Futures: $1249-6
Mar 27′ Futures: $1258-2

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WHEAT

#1 CWRS 14.0%
$10.00/bu
Delivered Southern-Alberta
November

#1 CWRS 13.5%
$9.75/bu
Delivered Southern-Alberta
November

#1 CPS 11.0% Pro
$8.75/bu Delivered
Southern -Alberta
October

#1 CWAD (Durum)
Call For Bid
FOB Farm or Delivered AB Facility
Nov-Dec

#1 CWAD (Durum)
$8.90-$9.50/Bu
FOB Farm Southeast SK
Nov-Dec

#1 CWAD | Call for Full Specs
$8.50-$9.00/bu
FOB Farm MB |Oct-Dec

Feed Wheat
$8.00/bu
Delivered Southern-Alberta
Nov-Dec

Feed Wheat
$6.50 | (+/-)$0.50/bu
FOB Farm Saskatchewan & Manitoba
Nov-Dec


Triticale
Call For Bid
Nov-Dec

In Loving Memory of Allan Johnston

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