Grains Report 03/18/2025

DJ USDA Grain Inspections for Export in Metric Tons – Mar 17
WA_GR101
Washington, DC Mon March 17, 2025 USDA Market News
COUNTRY OF DESTINATION IS REPORTED AS KNOWN AT THE TIME OF EXPORTATION.
INFORMATION CONTAINED IN THIS REPORT REFLECTS EXPORTED GRAIN INSPECTED AND WEIGHED
THROUGH THE AUTHORITY UNDER THE U.S. GRAIN STANDARDS ACT. NO ADDITIONAL ANALYSIS,
COMPILATIONS OR DATA IS AVAILABLE
GRAINS INSPECTED AND/OR WEIGHED FOR EXPORT
REPORTED IN WEEK ENDING MAR 13, 2025
— METRIC TONS —
————————————————————————-
CURRENT PREVIOUS
———– WEEK ENDING ———- MARKET YEAR MARKET YEAR
GRAIN 03/13/2025 03/06/2025 03/14/2024 TO DATE TO DATE
BARLEY 98 0 122 9,427 1,936
CORN 1,658,631 1,844,188 1,326,287 30,761,396 23,190,399
FLAXSEED 0 24 0 312 24
MIXED 0 0 0 122 73
OATS 0 499 0 647 3,994
RYE 0 0 0 0 72
SORGHUM 11,955 53,398 192,459 1,551,852 3,823,792
SOYBEANS 646,667 853,645 700,245 39,098,163 35,782,234
SUNFLOWER 0 0 0 0 4,109
WHEAT 492,658 241,646 394,479 16,366,600 13,851,274
Total 2,810,009 2,993,400 2,613,592 87,788,519 76,657,907
CROP MARKETING YEARS BEGIN JUNE 1 FOR WHEAT, RYE, OATS, BARLEY AND
FLAXSEED; SEPTEMBER 1 FOR CORN, SORGHUM, SOYBEANS AND SUNFLOWER SEEDS.
INCLUDES WATERWAY SHIPMENTS TO CANADA

WHEAT
General Comments: The markets closed higher yesterday on stronger weekly export inspections and as reaction passed to news of tariffs being imposed on Europe and Europe retaliating by slapping tariffs on US oilseeds and grains. It is very dry in the Great Plains and in the Black Sea region. There are now fears that the US is entering a recession caused almost completely by the economic uncertainty of the policies of the Trump administration and consumer confidence is down. Growing conditions are dry around the world and in the US Great Plains and Winter Wheat crops are emerging from dormancy. Overall demand has been weak so he lack of rain hurting production potential is about to be important.
Overnight News:
Chart Analysis: Trends in Chicago are mixed. Support is at 545, 530, and 524 May, with resistance at 575, 579, and 585 May. Trends in Kansas City are mixed to up. Support is at 555, 540, and 534 May, with resistance at 610, 619, and 625 May. Trends in Minneapolis are mixed. Support is at 585, 576, and 570 May, and resistance is at 620, 626, and 633 May.

RICE:
General Comments: Rice closed lower yesterday even with a weaker US Dollar. Mexico has escaped tariffs for now and so it will not apply its own and this was a big relief to the Rice market. Prices remain cheap and could threaten planted area as it will cost more to produce Rice than it is getting in the market right now. Export sales have not been strong, and domestic demand is there but is not strong enough right now to bid prices much higher. Milling quality of the Rice remains below industry standards and it takes more Rough Rice to create the grain for sale to stores and exporters.
Overnight News:
Chart Analysis: Trends are turning up. Support is at 1336, 1296 and 1284 May and resistance is at 1416, 1427, and 1455 May.

CORN AND OATS
General Comments: Corn closed a little higher yesterday on stronger weekly export inspections and on news that the US had imposed tariffs on Chinese and European steel and aluminum and that Europe had retaliated by placing tariffs on US agricultural goods passed by. The overall market fundamentals are still turning bearish, but short term rallies are still possible. The export demand in recent weeks has been very strong and it seems like some of the buying was in anticipation of the new presidential regime. President Trump has announced that new tariffs are being imposed as of Tuesday on goods and services and some buyers may have made purchases already to avoid the potential for the tariff later. The tariffs have become an off again on again feature of the government and no one knows what to do at this time. Oats were a little lower on some long liquidation after import tariffs were imposed on imports from Canada on Tuesday and seem to be holding so far.
Overnight News:
Chart Analysis: Trends in Corn are mixed. Support is at 457, 442, and 434 May, and resistance is at 482, 492, and 505 May. Trends in Oats are up. Support is at 364, 359, and 351 May, and resistance is at 381, 391, and 400 May.

SOYBEANS
General Comments: Soybeans and Soybean Oil closed higher yesterday, and Soybean Meal closed lower on a weaker US Dollar and in response to news that the US imposed tariffs on steel and aluminum imports from China and Europe and Europe returned the favor by slapping tariffs on US agricultural goods. Alcoholic beverages were also tariffed by both Europe and the US. South American production looks strong. Futures were hit hard in part on the Trump tariffs and in part response to the big crops hitting the market from Brazil and as the tariffs were imposed on our largest customers on the export front this week. The tariffs have caused retaliation from our buyers, especially China, and could hurt demand, especially from China and Canada. Consumer confidence is down and there are increasing worries that the US could be headed into a recession that could hurt domestic demand. The fundamentals remain mixed as cash markets have turned stronger in South America and hot and dry weather has returned to central and northern parts of the country. The Soybeans harvest there is estimated to be more than 65% done.
Overnight News:
Analysis: Trends in Soybeans are mixed to down Support is at 990, 980 and 955 May, and resistance is at 1021, 1041, and 105 May. Trends in Soybean Meal are mixed to down. Support is at 291.00, 285.00, and 280.00 May, and resistance is at 310.00, 315.00, and 319.00 May. Trends in Soybean Oil are down. Support is at 4110, 4080, and 3990 May, with resistance at 4290, 4450, and 4460 May.

PALM OIL AND CANOLA
General Comments: Palm Oil futures were not available today. There is talk of reduced supplies in the market due to extreme weather that caused fields to flood among other things. Demand from China has not been good but reports indicate that demand from India has been strong in February and provided support. Chart trends are turning up. Canola was sharply higher yesterday from lows set last week in response to news that China has imposed prohibitive tariffs on Canola and the products. The demand outlook is uncertain with the threat of US tariffs being imposed last week but was able to partially recover the losses on report of moderations by the US on the tariff schedule. The China news was devastating as China is a major importer of Canola and the products.
Overnight News:
Chart Analysis: Trends in Canola are down. Support is at 558.00, 552.00, and 546.00 May, with resistance at 590.00, 600.00, and 615.00 May. Trends in Palm Oil are up. Support is at 4550, 4610, and 4230 June, with resistance at 4550, 4520, and 4670 June.

Midwest Weather Forecast: Mostly dry. Temperatures should average near normal.

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