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Web Home: johnstonsgrain.com
Toll Free: (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
Hormuz price shocks dramatically outpacing minor improvements in crop price estimates
While season average corn prices approaching $5 per bushel and soybean prices near “beans in the teens” would normally be welcome news in farm country, American Farm Bureau Federation (AFBF) Economist John Newton warns post-Hormuz input cost shocks for diesel and fertilizer far exceed any revenue gains.
USDA’s September World Agricultural Supply and Demand Estimates (WASDE) raised estimated season-average prices, with corn up 30 cents to $4.80; soybeans up 60 cents to $12; and wheat up 20 cents to $6.40.
Since the closure of the Strait of Hormuz, cost pressures in agriculture have intensified — with total production expenses now expected to reach nearly $500 billion in 2026, according to Newton, who serves as AFBF’s Vice President of Public Policy and Economic Analysis.
In a new Market Intel report, Newton said absent a resolution of geopolitical risks in the Strait of Hormuz and recent disruptions in the Bab al-Mandeb Strait, input costs — namely diesel fuel — are expected to keep climbing as farmers enter into harvest.
“Breakeven remains out of reach for all major row crops,” Newton said, warning that even with rising revenue projections, “the record-high input cost environment means no major row crop is projected to clear breakeven for the 2026/27 marketing year.”
Fertilizer expenses for 2026 are projected at a record $40 billion, up 15%, or $5 billion, from the previous year. Similarly, fuel expenses, including diesel, are projected to reach a record $22 billion this year, up 29%, or $5 billion, from 2025.
Meanwhile, Newton said persistent inflation is expected to result in another interest rate increase during the upcoming Federal Reserve Open Market Committee meeting, meaning interest expenses already projected at a record $34 billion are likely to increase even further as farmers begin financing discussions with lenders in advance of the 2027 crop year.
Based on USDA’s most recent cost-of-production estimates, and recent trends in diesel prices, Newton estimates production costs are nearly $30 per acre higher for corn and $14 per acre higher for soybeans, compared to USDA pre-Hormuz input cost projections.
Taken together, Newton said the September WASDE reveals a farm economy caught between improving crop prices providing minimal gains and a surge in fertilizer and diesel expenses that have significantly eroded them.
“The net result is that despite recent price optimism, unless prices improve even further, no major row crop is projected to clear breakeven,” Newton said, further underscoring just how squeezed farm margins remain in this high-cost and geopolitically unstable economic environment.
Source: Dennis Rudat, Farm News Media, Michigan Farm News – Michigan Farm Bureau, September 16, 2026.
Grain Movement
We are currently seeing specialty grains trading within roughly a two-month movement window, as buyers look to secure near-term requirements. Meanwhile, feed grain movement is beginning to trend further out, with increased demand for October through December 2026 delivery.
As always, these timelines can shift quickly. Market conditions, buyer requirements, quality specifications, logistics and individual demand profiles can all influence both pricing and movement opportunities.
With harvest progressing and new-crop supplies entering the market, staying connected to current bids can help identify opportunities as they develop.
Have grain to move? Don’t wait for the market to come to you. Send us your commodity, grade, location and preferred movement window, and our brokerage team will work to find the strongest available bid for your grain.
For current bids or to put your grain in front of our buyer network, contact your trusted broker at Johnstons Grain today.
1.844.324.7778
Pulse & Special Crop Convention 2026
A few members of the Johnstons Connected team are heading east to Halifax for the 2026 Pulse & Special Crops Convention, September 15–17!
PSCC is North America’s largest pulse and special crops industry event, bringing together hundreds of buyers, sellers, processors, exporters and service providers from across Canada and around the world. This year’s program will feature market outlooks, industry panels and discussions covering peas, lentils, beans, chickpeas and special crops, along with transportation, market access and global trade.
For our team, the convention is all about relationships and staying connected to the marketplace. We’re looking forward to catching up with our industry partners, strengthening existing relationships, building new ones and having conversations about the opportunities and challenges facing Canadian producers and the grain trade.
If you’re attending PSCC 2026 in Halifax, keep an eye out for the Johnstons Connected team — we look forward to connecting with you!
Treads: Keeping You Rolling Through Harvest
There’s an old saying in the tire business: it’s not if you’ll need tires, it’s when. Well, when is now.
Treads has you covered with a strong selection of commercial truck tires ready to keep you moving. From 11R22.5 and 11R24.5 drives and steers to trailer tires, plus a variety of harder-to-find and uncommon sizes, we can help you find the right tire for the job.
We’re expecting a full shipment of tires to arrive in October, and with Treads inventory rolling out the door fast, now is a great time to get ahead of your fall tire needs.
Pre-orders are available now — secure the sizes you need before the shipment arrives and inventory gets spoken for. Whether you’re gearing up for harvest, fall hauling, or the miles ahead, don’t wait until you need tires to start looking for them.
1.844.324.7778
CHEMICAL BASE PRICING:
Glyphosate 540: $5.79/L
Glufosinate 150: $4.49/L
Glufosinate 200: $7.99/L
Diquat 240: $7.99/L
Imazamox+Bentazon: $30.09/L
- 500L or 1000L Totes (Subject to Availability)
GOPHER CONTROL
Company Directory & Locations
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)
Central Sask–Lucky Lake: Adam Sheppard – (306) 858-3002 (adam@johnstonsgrain.com)
Southwest-Sask: Randy Adrian: (306) 294-0042 (randy@johnstonsgrain.com)
Sask & Mb: Karlee Stanhope – (306) 434-7637 (karlee@johnstonsrgrain.com)
Grain Brokerage
Allan Johnston | Founder of Johnstons Grain & Chief Grain Broker: (844) 324-7778
(allan@johnstonsgrain.com)
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)
Trades Update
Johnstons Grain
| Contract Date | Commodity | Grade | Price | Quantity | Seller Location | Shipment |
|---|---|---|---|---|---|---|
| 2026-09-15 | CWRS Wheat | 14+ CWRS, Max 14.5% moisture, Min 60lbs | $9.75/bu | Approx Gross 264mt (6lds x 44mt) | Nanton, AB | 09/16/26 – 09/25/26 |
| 2026-09-15 | Screenings | Flax screenings | $120/Mt FOB Farm | Approx. Gross 35 Mt | Alameda, SK | 09/15/26 – 09/22/26 |
| 2026-09-15 | Yellow Peas | Feed, Max 5% FM, Dry | $275/mt | Approx Gross 28mt (1ld x 28mt) | Creston, BC | 09/16/26 – 09/30/26 |
| 2026-09-15 | Feed Wheat | Soft white wheat, >58 lbs, <14.5% Moisture | $6.60/Bushel FOB Farm | Approx. Gross 44 Mt | Ituna, SK | 09/15/26 – 10/31/26 |
| 2026-09-15 | CWRS Wheat | Feed | 6.5 FOB Farm | 440.000 | Norquay, SK | 10/01/26 – 12/31/26 |
Total Tonnage: 811MT
Johnstons Connected
| Origin | Commodity | Product Type | Grade | Price | Volume | Ship Begin | Ship End | Delivery Type | Destination |
|---|---|---|---|---|---|---|---|---|---|
| Canada | Barley | – | Feed | CAD $295.00 / MT | 1290 MT | 2026-09-16 | 2026-11-30 | Delivered | Lethbridge, AB, CAN |
| Canada | Barley | – | Feed | CAD $300.00 / MT | 516 MT | 2026-10-01 | 2026-10-31 | Delivered | Lethbridge, AB, CAN |
Total Tonnage: 1,806MT
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
Western Canadian Weather Forecast
CALGARY SASKATOON WINNIPEGBulk 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.
Currency Update
USD into CAD: $1.3931
CAD into USD:$0.7178
Commodities Update(USD$)
Dec’26 Live Cattle: $222.475
Dec’26 Lean Hogs: $70.075
Oil (WTI): $103.28
Oil (WCS): $75.29
Gold: $4,346.00
Silver: $64.49
Bitcoin: $75,679.00
Ethereum: $2,389.00
Daily Joke
So a duck walks into a pharmacy and says “Give me some chap-stick… and put it on my bill”
Grain Bid Update
BARLEY
| Feed Barley | FOB Farm (September-December) |
| Medicine Hat, AB | $4.80-$5.25 |
| Red Deer, AB | $4.50-$5.10 |
| Edmonton, AB | $4.50-$5.00 |
| Swift Current, SK | $4.50-$4.85 |
| Saskatoon, SK | $4.35-$4.75 |
| Regina, SK | $4.45-$4.90 |
| Yorkton, SK | $4.50-$4.80 |
| Estevan, SK | $4.50-$4.80 |
| Brandon, MB | $4.00-$4.50 |
Southern Alberta Feed Barley (Delivered)
Sept: $280
Oct: $280
Nov-Dec: $290
Jan-Mar27: $310-$315
Subject To Reconfirmation*
Malt Barley
No bid
CANARY SEED
#1 Canada
$0.18-$0.20/Lb
FOB Farm Sept-Dec
CANOLA
*We are always looking for tough, green, sprouted or heated canola. Please reach out with any offers*
Conventional Canola
Call For Bid
Delivered Southern-Alberta
Conventional Canola
Call For Bid
FOB Farm September
Saskatchewan | Manitoba
Closing Futures Prices
Nov 2026 Futures: $824.80
Jan 2027 Futures: $840.90
Non-Gmo Canola (Clearfield)
September-December: Call For Bid
CHICKPEAS
Kabuli Chickpeas
#2 Canada: $0.26-$0.27/lb
FOB Farm for Sept-Nov
Max 20% 7mm, Min 40% 9mm
Feed/Sample Kabuli
$0.09-0.10/Lb
FOB Farm SeptForward
Desi Chickpeas
Call for bid
CORN
#2CW Corn MB FOB Farm
Sept: $6.00/bu
Oct-Dec: $6.10-$6.25/bu
Jan-Mar: $6.25-$6.35/bu
Closing Futures Prices
Dec 26′ Futures: $531-6
Mar 27′ Futures: $546-0
May 27′ Futures: $552-4
Southern AB Corn (FOB)
Sept: $327
Oct:$328
Nov:$330
Dec: $332
Jan-Mar: $338
Basis Contracts Available*
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
FLAX
Brown Flax
#1 Canada: $16.00/bu
Delivered AB Facility | Prompt
Brown Flax
#1 Canada: Call For Bid
FOB Farm SK | Sept-Dec
Brown Flax
#1 Canada:$16.00-$17.00/bu
FOB Farm MB | Sept-Dec
Yellow Flax
#1 Canada: $18.00/bu
Delivered AB Facility | Prompt
Yellow Flax
#1 Canada: Call For Bid
SK MB | Sept -Dec
LENTILS
Large Greens (Lairds | 2026 Crop Year)
#2 Canada: $0.23-$0.26/lb
FOB Farm for Sept-Oct
Subject To Reconfirmation*
Large Greens (Lairds | 2026 Crop Year)
X2 Canada: $0.25-$0.26/lb
FOB Farm for Sept-Oct
Subject To Reconfirmation*
Saskatchewan Origin Only
Medium Greens (Richleas)
#1 Can: $0.125-0.135/Lb
FOB Farm for Sept-Nov
Small Greens (Estons)
#1 Canada: $0.22-$0.23/lb
FOB Farm for Sept-Nov
2026 Crop Year
Red Lentils
#2 Canada: $0.22-$0.24/Lb
FOB Farm for Sept-Nov
Feed Lentils
$0.11-$0.12/lb
FOB farm July
French Green Lentils
#1 Can: $0.21-$0.22/Lb
FOB Farm Sept-Oct
Subject to Reconfirmation*
Beluga Lentils (Black)
Call for Bid
MUSTARD
Yellow Mustard
#1 Canada: $0.38-$0.40/lb
FOB farm for Sept-Nov
Brown Mustard
#1 Canada: $0.35-$0.37/lb
FOB farm for Sept-Nov
Oriental Mustard
#1 Canada: $0.38-$0.39/lb
FOB farm for Sept-Nov
OATS
Milling Oats (Min: 42Lb/Bu)
$3.00-$3.25/bu
FOB Farm Sept-Dec | Southeast Sk | West MB
Milling Oats (Min: 42Lb/Bu)
$3.50-$3.75/bu
FOB Farm Sept-Dec | Saskatchewan
Feed Oats (38-40Lb/Bu)
$2.00-$2.45/bu
FOB Farm Sept-Dec
Discounts for lighter product
Freight area sensitive
Feed Oats (38-40Lb/Bu)
$2.00-$2.75/bu
FOB Farm Sept-Dec
Discounts for lighter product
Closing Futures Prices
Dec 2026 Futures: $405-2
Mar 2027 Futures: $415-6
PEAS
Yellow Peas
#2 Canada: $8.50-$9.00/bu
Delivered Sept-Oct
Alberta | GLYPHOSATE NOT A FACTOR
Yellow Peas
#2 Canada: $7.00-$7.50/bu
FOB Farm Sept-Dec
Saskatchewan
Yellow Peas
#2 Canada: $7.00-$7.75/bu
FOB Farm Sept-Nov
Minimum: 22% protein
S.W. Manitoba
Green Peas
#2 Canada: $8.00-$8.50/bu
FOB Farm Sept-Dec
Saskatchewan
Green Peas
#2 Canada: $9.50/bu
Delivered Sept-Oct
Alberta
Maple Peas
Mosaic: $10/bu
Acers: $10/bu
Blazers: Call For Bid
Origin: Southern AB | SW SK
Feed Peas
Call For Bid
FOB farm Sept forward
AB | SK | MB
RYE
Hybrid Rye
Call For Bid
FOB farm Aug
Hybrid Rye
Call For Bid
FOB farm Sept-Dec
Open-Pollinated Rye
Call For Bid
FOB farm Aug
Open-Pollinated Rye
Call For Bid
FOB farm Sept-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.
SOYBEANS
Soybeans
US #2 or better:
$16.50-$16.75/bu
FOB Farm Sept-Dec
SE SK & SW Manitoba
Higher values available closer to Winnipeg*
Closing Futures Prices
Nov 26′ Futures: $1314-6
Jan 27′ Futures: $1331-6
Mar 27′ Futures: $1339-0
WHEAT
#1 CWRS 13.5% Pro:
$9.00-$9.75/bu
Southern-Alberta
September
#1 CPS 11.0% Pro
$8.75/bu Delivered
Southern -Alberta
September
#1,2,3,4,5 CWAD (Durum)
Call For Bid
Feed Wheat
$7.75/bu
Delivered Southern-Alberta
September-December
Feed Wheat
$6.40-$7.00/bu
FOB Farm Saskatchewan
September-December
Triticale
Call For Bid
In Loving Memory of Allan Johnston
