Grains Report 06/03/2026

This Week Last Week Last Year Average
Cotton Planted 66 52 68 69
Cotton Squaring 8 3 8 7
Corn Planted 93 87 90 93
Corn Emerged 78 67 72 77
Soybeans Planted 84 76 77 80
Soybeans Emerged 63 50 53 57
Sorghum Planted 46 39 50 48
Peanuts Planted 81 69 80 80
Oats Planted 97 94 96 95
Oats Emerged 86 81 86 84
Oats Headed 33 29 32 29
Sunflowers Planted 41 24 35 36
Rice Planted 97 93 99 97
Rice Emerged 88 82 87 85
Winter Wheat Headed 83 75 82 79
Winter Wheat Harvested 3 5 3
Spring Wheat Planted 95 87 95 90
Spring Wheat Emerged 73 60 76 69
Barley Planted 90 82 93 92
Barley Emerged 71 58 72 58
72
Very Poor Poor Fair Good Excellent
Cotton This Week 8 14 29 44 5
Cotton Last Week
Cotton Last Year 3 5 31 54 7

Corn This Week 1 4 26 57 12
Corn Last Week 1 4 27 56 12
Corn Last Year 1 3 21 60 15

Soybeans This Week 1 4 28 58 9
Soybeans Last Week
Soybeans Last Year

Rice This Week 1 4 20 53 22
Rice Last Week 1 4 18 53 24
Rice Last Year 1 2 17 67 14

Peanuts This Week 2 5 28 59 6
Peanuts Last Week
Peanuts Last Year 1 3 33 58 5

Winter Wheat This Week 6 12 30 44 8
Winter Wheat Last Week 6 13 31 43 7
Winter Wheat Last Year 6 12 33 41 8

Oats This Week 6 8 36 44 6
Oats Last Week 6 8 35 44 7
Oats Last Year 4 5 23 58 10

Spring Wheat This Week 0 13 37 47 3
Spring Wheat Last Week 3 15 37 43 2
Spring Wheat Last Year 0 2 24 69 5

Barley This Week 1 9 47 42 1
Barley Last Week 2 11 44 42 1
Barley Last Year 0 5 21 70 4

Pastures and Ranges This Week 13 20 25 31 11
Pastures and Ranges Last Week 13 20 26 32 8
Pastures and Ranges Last Year 7 12 30 41 10

DJ USDA Grain Inspections for Export in Metric Tons – Jun 2
WA_GR101
Washington, DC Mon Jun 2, 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 MAY 29, 2025
— METRIC TONS —
————————————————————————-
CURRENT PREVIOUS
———– WEEK ENDING ———- MARKET YEAR MARKET YEAR
GRAIN 05/29/2025 05/22/2025 05/30/2024 TO DATE TO DATE
BARLEY 0 0 548 10,307 3,376
CORN 1,576,006 1,419,437 1,416,488 48,579,939 37,793,477
FLAXSEED 0 24 24 480 72
MIXED 0 0 0 122 572
OATS 0 0 0 946 4,593
RYE 0 0 0 0 72
SORGHUM 9,118 51,980 67,850 1,776,980 4,962,114
SOYBEANS 268,343 200,022 361,217 44,608,089 40,309,329
SUNFLOWER 0 0 384 0 6,485
WHEAT 552,910 562,969 427,276 21,825,997 18,720,561
Total 2,406,377 2,234,432 2,273,787 116,802,860 101,800,651

WHEAT
General Comments: Chicago Winter Wheat markets closed higher yesterday on improved demand seen in the weekly export inspections reports and despite forecasts for improved growing conditions at home and abroad. Minneapolis was higher as growing conditions are more suspect in the Northern Plains and Canadian Prairies. There are still reports that cold weather had created frosts in Ukraine and Russia and reports of dry weather in some parts of the EU and China, but these are forecast to change in the short term. Russia is forecasting a large reduction in Wheat production for the coming year. Winter crops in the Great Plains are reported to be in good condition, but Spring Wheat crops in the northern Great Plains and into Canada have been dry. Some rain was seen in the northern Great Plains last week and wetter and warmer conditions are now forecast. It is too wet in the Delta and Southeast. Overall demand for world Wheat has been weak.
Overnight News:
Chart Analysis: Trends in Chicago are mixed Support is at 535, 527 and 520 July, with resistance at 556, 561, and 569 July. Trends in Kansas City are mixed. Support is at 533, 523, and 514 July, with resistance at 557, 563, and 574 July. Trends in Minneapolis are up. Support is at 608, 596, and 590 July, and resistance is at 640, 645, and 659 July.

RICE:
General Comments: Rice was lower yesterday, but chart trends remain up on the daily and weekly charts. There is still a lot of speculative buying seen in the market. The cash market has been slow with mostly quiet domestic markets and average export demand. Export sales have not been strong, and domestic demand is not strong enough right now to bid prices any 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. Rice is planted in most growing areas now. Condition has been rated as good so far by private sources and USDA.
Overnight News:
Chart Analysis: Trends are up. Support is at 1319, 1282, and 1261 July and resistance is at 1369, 1402, and 1410 July.

CORN AND OATS
General Comments: Corn was lower yesterday after trading higher on word of strong demand. Forecasts for improved growing conditions in the Midwest this week the main reason for the selling. Warmer and drier weather is in the forecast for this week after a cold week last week. A severe drought is seen in central Nebraska and moderate drought extends east in a corridor into the Chicago area. Most of the Midwest has seen adequate or greater precipitation and it is still too wet in eastern and southern parts. Demand for Corn in world markets remains strong. Oats were higher.
Overnight News:
Chart Analysis: Trends in Corn are mixed. Support is at 437, 434, and 431 July, and resistance is at 456, 465, and 470 July. Trends in Oats are mixed. Support is at 348, 341, and 336 July, and resistance is at 384, 390, and 396 July.

SOYBEANS
General Comments: Soybeans were lower last week on forecasts for good growing conditions in the Midwest and on cheaper prices reported from Brazil. The products were lower as it is now doubtful that the biofuels allocations will be released soon and waivers to small producers could mean reduced demand for ethanol or biofuels in the US.. The market could remain under pressure as Brazil basis levels have been under pressure the last few weeks and prices in world markets for Brazil Soybeans are now less than those from the US. Export demand is in its seasonal doldrums. Export demand remains less for US Soybeans as China has been taking almost all the export from South America. Warmer temperatures and drier conditions are expected this week after a cold and wet week last week. A severe drought is seen in central Nebraska and moderate drought extends east in a corridor into the Chicago area. Most of the Midwest has seen adequate or greater precipitation and it is still too wet in southern and eastern areas.
Overnight News:
Analysis: Trends in Soybeans are mixed to down. Support is at 1028, 1021, and 1009 July, and resistance is at 1040, 1047, and 1059 July. Trends in Soybean Meal are mixed. Support is at 290.00, 287.00, and 284.00 July, and resistance is at 300.00, 302.00, and 306.00 July. Trends in Soybean Oil are mixed. Support is at 4610, 4530, and 4430 July, with resistance at 4800, 4900, and 5030 July.

PALM OIL AND CANOLA
General Comments: Palm Oil futures were higher today on reports of good demand from the private surveyors. Ideas that current increased production levels mean higher inventories in MPOB monthly data are still around. Ideas of increasing production and reduced demand are also heard. The Ringgit was stronger to help limit gains. Chart trends are down. Canola was lower last week after making new highs for the move. Trends are up on the daily charts and on the weekly charts. The weather has generally been good for planting and crop development in the Prairies with warm and dry weather around lately.
Overnight News:
Chart Analysis: Trends in Canola are mixed to down. Support is at 686.00, 680.00, and 674.00 July, with resistance at 717.00, 735.00, and 738.00 July. Trends in Palm Oil are mixed to up. Support is at 3770, 3710, and 3650 August, with resistance at 3990, 4040, and 4130 August.

Midwest Weather Forecast Mostly dry. Temperatures should average above normal.

DJ Malaysian PM Cash Market Prices for Palm Oil – June 3
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Tuesday, supplied by commodity broker Matthes & Porton Bhd.
Prices are quoted in U.S. dollars a metric ton, except for crude palm oil and palm kernel oil, which are in ringgit a ton. Palm kernel oil prices are in ringgit a pikul, a Malaysian measurement equivalent to 60 kilograms.
Refined, bleached and deodorized palm oil, FOB, Malaysian ports
Offer Change Bid Change Traded
Jul 985.00 — Unquoted – –
Aug 985.00 — Unquoted – –
Sep 972.50 — Unquoted – –
Oct 972.50 — Unquoted – –
Jan/Feb/Mar 975.00 -02.50 Unquoted – –
Apr/May/Jun 982.50 — Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Jul 990.00 — Unquoted – –
Aug 990.00 — Unquoted – –
Sep 977.50 — Unquoted – –
Oct 977.50 — Unquoted – –
Oct/Nov/Dec 980.00 -02.50 Unquoted – –
Jan/Feb/Mar 987.50 — Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Jul 955.00 — Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Jul 882.50 — Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jul 3,980.00 — Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jul 414.00 — Unquoted – –
($1=MYR4.2545)

DJ China Dalian Grain Futures Closing Prices, Volume – Jun 03
Soybean No. 1
Turnover: 128,017 lots, or 5.27 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-25 4,117 4,145 4,108 4,134 4,119 4,130 11 72,707 129,209
Sep-25 4,109 4,139 4,101 4,120 4,113 4,123 10 36,626 115,754
Nov-25 4,027 4,056 4,005 4,043 4,013 4,039 26 12,436 47,907
Jan-26 4,017 4,050 4,004 4,038 4,010 4,034 24 4,029 10,505
Mar-26 4,013 4,047 4,003 4,034 4,010 4,032 22 2,186 8,296
May-26 4,052 4,087 4,052 4,076 4,059 4,078 19 33 109
Corn
Turnover: 647,422 lots, or 1.51 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-25 2,340 2,348 2,317 2,325 2,339 2,326 -13 446,385 1,079,783
Sep-25 2,368 2,369 2,345 2,352 2,358 2,352 -6 154,469 542,253
Nov-25 2,295 2,297 2,276 2,283 2,290 2,283 -7 28,881 230,070
Jan-26 2,250 2,254 2,240 2,242 2,250 2,243 -7 7,087 67,013
Mar-26 2,239 2,245 2,231 2,233 2,241 2,235 -6 9,439 37,087
May-26 2,264 2,264 2,251 2,255 2,262 2,254 -8 1,161 3,499
Soymeal
Turnover: 1,506,669 lots, or 44.17 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-25 2,791 2,792 2,764 2,770 2,805 2,775 -30 81,829 411,126
Aug-25 2,942 2,942 2,915 2,921 2,954 2,926 -28 14,943 195,064
Sep-25 2,950 2,955 2,927 2,935 2,966 2,939 -27 1,140,522 2,221,712
Nov-25 2,992 2,993 2,967 2,975 3,005 2,978 -27 68,940 445,097
Dec-25 3,021 3,021 2,995 2,999 3,027 3,006 -21 4,958 89,213
Jan-26 3,000 3,001 2,975 2,980 3,006 2,986 -20 148,282 715,380
Mar-26 2,855 2,855 2,832 2,839 2,859 2,843 -16 21,314 167,736
May-26 2,702 2,704 2,688 2,692 2,704 2,694 -10 25,881 206,983
Palm Oil
Turnover: 698,919 lots, or 57.24 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jun-25 8,580 8,800 8,578 8,648 8,516 8,630 114 41 200
Jul-25 8,244 8,380 8,234 8,344 8,238 8,324 86 7,610 11,545
Aug-25 8,130 8,304 8,130 8,270 8,182 8,248 66 1,213 1,486
Sep-25 8,100 8,250 8,096 8,196 8,096 8,190 94 659,444 468,327
Oct-25 8,026 8,192 8,022 8,152 8,068 8,120 52 243 953
Nov-25 8,026 8,158 8,026 8,132 8,056 8,102 46 125 893
Dec-25 8,032 8,162 8,032 8,138 8,054 8,108 54 133 417
Jan-26 8,002 8,182 8,002 8,150 8,056 8,132 76 29,701 99,537
Feb-26 8,070 8,140 8,070 8,118 8,054 8,090 36 46 931
Mar-26 8,044 8,108 8,044 8,092 8,032 8,078 46 102 262
Apr-26 8,032 8,048 7,998 8,048 7,984 8,028 44 13 72
May-26 7,944 8,042 7,944 8,016 7,964 7,998 34 248 533
Soybean Oil
Turnover: 399,744 lots, or 30.69 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-25 7,686 7,766 7,678 7,750 7,700 7,730 30 6,028 33,568
Aug-25 7,670 7,728 7,626 7,702 7,670 7,682 12 722 8,574
Sep-25 7,612 7,720 7,612 7,692 7,662 7,678 16 352,902 599,418
Nov-25 7,638 7,730 7,638 7,700 7,686 7,704 18 699 3,314
Dec-25 7,688 7,752 7,688 7,736 7,716 7,728 12 24 1,669
Jan-26 7,560 7,678 7,560 7,652 7,636 7,646 10 38,729 160,486
Mar-26 7,510 7,578 7,510 7,550 7,544 7,556 12 61 960
May-26 7,410 7,440 7,390 7,428 7,428 7,418 -10 579 5,416
Notes:
1) Unit is Chinese yuan a metric ton;
2) Ch. is day’s settlement minus previous settlement;
3) Volume and open interest are in lots;
4) One lot is equivalent to 10 metric tons.

Questions? Ask Jack Scoville today at 312-264-4322