Grains Report 06/05/2025

DJ U.S. April Grain Exports-Jun 5
In kilograms (top) and in bushels (bottom), except flour in cwt and malt
in pounds. /1 denotes includes commercial and donated. Source: U.S. Department
of Commerce.
(*)NOTE: Year ago figures reflect data reported at that time.
Data includes Exports and Re-Exports.
——- In Kilograms ——-
Apr 25 Mar 25 Feb 25 Apr 24
Barley 1,149,054 1,560,132 662,000 1,044,028
Corn /1 7,786,899,000 7,340,856,000 6,043,178,000 6,432,454,000
Sorghum 90,086,000 112,031,000 15,862,000 424,113,000
Oats 2,092,755 1,255,660 3,129,625 1,412,249
Rye 85,758 0 4,563 1,261,098
Wheat /1 2,198,810,928 1,799,436,950 1,776,540,630 1,925,851,937
wheat flour /1 18,100,092 22,326,270 23,121,828 18,886,538
Malt 21,757,645 24,218,716 29,178,343 24,916,757
——- In Bushels, CWT or Pounds ——-
Apr 25 Mar 25 Feb 25 Apr 24
Barley 52,775 71,656 30,405 47,951
Corn /1 306,553,526 288,993,769 237,906,967 253,231,929
Sorghum 3,546,493 4,410,420 624,453 16,696,420
Oats 144,178 86,507 215,612 97,295
Rye 3,376 0 180 49,647
Wheat /1 80,791,642 66,117,311 65,276,024 70,762,219
wheat flour /1 399,039 492,210 509,749 416,377
Malt 47,967,405 53,393,138 64,327,246 54,932,056
1/Includes commercial and donated.

DJ U.S. April Oilseed, Meal, Oils/Fats Exports-Jun 5
In kilograms (top). Oils in pounds, soybeans in bushels, meal and hulls in
short tons (bottom). Source: U.S. Department of Commerce.
(*)NOTE: Year ago figures reflect data reported at that time.
Data includes Exports and Re-Exports.
——- In Kilograms ——-
Apr 25 Mar 25 Feb 25 Apr 24
soybeans 2,179,781,360 3,499,042,763 3,066,210,520 1,770,127,607
soyoil 159,091,111 155,958,914 136,363,479 10,248,714
crude 134,313,908 133,959,824 108,790,276 700,761
refined 188,686 19,543 82,135 47,349
other/1 24,489,764 21,750,832 27,362,246 9,347,190
hydrogenated 98,753 228,715 128,822 153,414
cottonseed oil 1,440,658 2,237,267 1,359,897 1,139,961
crude 4,228 102,978 148,800 0
refined 1,241,720 1,084,592 669,790 421,300
other/1 194,710 1,049,697 541,307 230,603
hydrogenated 488,058
sunseeds 190,538 74,392 31,985 65,885
sunseed oil 2,718,224 2,969,007 4,162,930 2,209,914
rapeseed 23,855,339 6,578,749 16,526,043 12,422,541
rapeseed oil 7,853,341 6,506,525 7,048,131 3,946,342
crude 3,157,027 1,833,263 3,393,668 374,572
refined 4,696,314 4,673,262 3,654,463 3,571,770
linseed meal 0 24,042 159,135 398,421
cottonseed meal 1,729,831 7,930,584 4,848,200 3,445,231
soymeal 1,079,078,467 1,303,584,069 927,440,420 925,903,249
soymeal/flour 249,622,772 282,111,846 187,144,145 307,225,028
soymeal hulls 17,065,000 7,788,000 10,217,000 24,080,000
lard 622,720 898,519 1,138,329 1,171,344
edible tallow 6,680,820 5,390,239 9,015,330 3,785,263
inedible tallow 2,965,970 2,624,670 7,162,589 13,303,184
ch white grease 12,055 40,084 0 57,503
——- In Bushels, Pounds or Short Tons ——-
Apr 25 Mar 25 Feb 25 Apr 24
soybeans 80,092,432 128,566,493 112,662,794 65,040,388
soyoil 350,735,922 343,830,609 300,630,062 22,594,551
crude 296,111,531 295,330,909 239,841,545 1,544,914
refined 415,981 43,085 181,077 104,387
other/1 53,990,697 47,952,384 60,323,437 20,607,030
hydrogenated 217,713 504,230 284,004 338,220
cottonseed oil 3,176,108 4,932,330 2,998,060 2,513,184
crude 9,321 227,028 328,048 0
refined 2,737,524 2,391,116 1,476,634 928,808
other/1 429,262 2,314,186 1,193,378 508,393
hydrogenated 0 0 0 1,075,984
sunseeds 420,064 164,006 70,515 145,252
sunseed oil 5,992,659 6,545,541 9,177,691 4,872,027
rapeseed 52,592,029 14,503,661 36,433,694 27,387,020
rapeseed oil 17,313,656 14,344,435 15,538,472 8,700,196
crude 6,960,054 4,041,654 7,481,759 825,790
refined 10,353,602 10,302,781 8,056,713 7,874,406
linseed meal 0 27 175 439
cottonseed meal 1,907 8,742 5,344 3,798
soymeal 1,189,468 1,436,941 1,022,318 1,020,623
soymeal flour/me 275,159 310,972 206,289 338,654
soymeal hulls 18,811 8,585 11,262 26,543
lard 1,372,863 1,980,896 2,509,586 2,582,372
edible tallow 14,728,689 11,883,445 19,875,404 8,345,078
inedible tallow 6,538,846 5,786,408 15,790,808 29,328,505
ch white grease 26,577 88,370 0 126,772

DJ U.S. April Grain Imports-Jun 5
In kilograms, from the U.S. Commerce Department, converted to
pounds by Dow Jones.
—Apr 2025—- —-Mar 2025—-
kilograms pounds kilograms pounds
durum wheat 7,308 16,114 2,845,709 6,274,788
spring wheat 898,539 1,981,278 13,310,000 29,348,550
winter wheat 0 0 0 0
wheat/meslin 0 0 0 0
TOTAL WHEAT 905,847 1,997,393 16,155,709 35,623,338
barley 1,275,141 2,811,686 11,828,416 26,081,657
oats 642,074 1,415,773 1,641,471 3,619,444
corn 72,920,444 160,789,579 22,150,561 48,841,987
other corn 2,069,902 4,564,134 2,626,217 5,790,808
TOTAL CORN 74,990,346 165,353,713 24,776,778 54,632,795

DJ U.S. Apr Soymeal, Vegetable Oils/Oilseed Imports-Jun 5
In kilograms from the U.S. Commerce Department, converted to pounds
by Dow Jones.
—Apr 2025—- —-Mar 2025—-
kilograms pounds kilograms pounds
coconut oil 30,494,121 67,239,537 28,716,053 63,318,897
palm kernel oil 22,857,074 50,399,848 24,884,096 54,869,432
palm oil 96,158,821 212,030,200 145,502,921 320,833,941
soybean 66,931,705 147,584,410 32,176,223 70,948,572
soymeal 0 0 0 0
soyoil 12,045,007 26,559,240 12,752,432 28,119,113
rapeseed oil
edible 166,507,875 367,149,864 210,738,938 464,679,358
rapeseed oil,
inedible 0 0 195,786 431,708

DJ U.S. Export Sales: Weekly Sales Totals-Jun 5
For the week ended May 29, in thousand metric tons, except cotton in
thousand running bales. Net changes in commitments are gross sales,
less cancellations, buy-backs and other downward adjustments. Total
commitments are total export shipments plus total sales.
The marketing year for wheat and barley began Jun 1, cotton and
and rice Aug 1, corn, soybeans and sorghum Sep 1, and soymeal and
soyoil Oct 1. Source: USDA
wk’s net chg total
in commitments commitments undlvd sales
this yr next yr this yr last yr this yr next yr
wheat -49.1 444.9 21287.4 18644.1 377.2 5336.7
hrw -44.4 259.5 5455.4 3541.2 184.7 2087.9
srw -22.7 102.3 3137.6 4317.6 50.6 989.1
hrs -42.2 111.6 6604.9 6353.6 93.3 1424.9
white 60.0 -28.6 5737.0 3905.7 30.7 791.8
durum 0.3 0.0 352.5 526.0 18.0 43.0
corn 942.3 160.1 65138.1 51268.3 15287.8 3163.0
soybeans 194.3 3.5 48651.1 43400.6 3985.2 1059.7
soymeal 254.7 10.2 13788.8 12315.0 3684.0 396.4
soyoil 10.3 1.5 1047.7 147.3 84.3 14.8
upland cotton 109.8 39.0 11525.3 12366.0 2210.8 1336.7
pima cotton 6.7 1.0 453.6 325.7 94.5 12.8
sorghum -33.3 0.0 1497.7 5279.1 85.1 0.0
barley -10.1 10.1 24.3 11.6 0.1 42.9
rice 58.1 0.0 2994.3 3228.7 483.6 10.1

General Comments: Chicago Winter Wheat markets closed higher 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 the weather has reduced production potential in Ukraine and Russia and reports of dry weather in some parts of the EU and China. 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 527, 520 and 514 July, with resistance at 556, 561, and 569 July. Trends in Kansas City are mixed. Support is at 523, 514, and 508 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 higher yesterday and closed near recent highs on the daily charts. Chart trends are mixed on the daily 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. 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 has emerged in most growing areas now. Condition has been rated as good so far by private sources and USDA.
Overnight News:
Chart Analysis: Trends are mixed. Support is at 1315, 1282, and 1261 July and resistance is at 1369, 1402, and 1410 July.

CORN AND OATS
General Comments: Corn was higher yesterday on follow through buying and ideas of strong demand and less improvement in crop conditions than was anticipated by the trade. July lost to December on the spreads and is now trading under December after trading 35 higher just a few months ago Forecasts for improved growing conditions in the Midwest through this weekend were a reason to sell. Warmer and drier weather is in the forecast for this week, although temperature will turn back to below normal for the next few days. 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 434, 431, and 428 July, and resistance is at 456, 465, and 470 July. Trends in Oats are mixed. Support is at 380, 371, and 367 July, and resistance is at 390, 396, and 402 July.

SOYBEANS
General Comments: Soybeans and Soybean meal were higher yesterday in recovery trading, but Soybean Oil closed mixed as forecasts for good growing conditions in the Midwest and as cheaper prices reported from Brazil are still being heard.. 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. Support is at 1028, 1021, and 1009 July, and resistance is at 1059, 1073, and 1082 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 to down. Support is at 4580, 4530, and 4430 July, with resistance at 4800, 4900, and 5030 July.

PALM OIL AND CANOLA
General Comments: Palm Oil futures were lower today. 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. Canola was lower and started to fail at resistance areas on the daily charts. Trends are down on the daily charts and mixed on the weekly charts. The weather has generally been dry 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 680.00, 662.00, and 649.00 July, with resistance at 717.00, 735.00, and 741.00 July. Trends in Palm Oil are mixed to up. Support is at 3850, 3770, and 3710 August, with resistance at 3990, 4040, and 4130 August.

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

DJ Malaysian PM Cash Market Prices for Palm Oil – June 5
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Thursday, 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
Jun 967.50 -07.50 Unquoted – –
Jul 967.50 -07.50 Unquoted – –
Aug/Sep 962.50 -12.50 Unquoted – –
Oct/Nov/Dec 967.50 -10.00 Unquoted – –
Jan/Feb/Mar 977.50 -12.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Jun 972.50 -07.50 Unquoted – –
Jul 972.50 -07.50 Unquoted – –
Aug/Sep 967.50 -12.50 Unquoted – –
Oct/Nov/Dec 972.50 -10.00 Unquoted – –
Jan/Feb/Mar 982.50 -12.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Jun 945.00 -05.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Jun 875.00 -07.50 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jun 3,950.00 -50.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jun 388.00 -14.00 Unquoted – –
($1=MYR4.228)

DJ China Dalian Grain Futures Closing Prices, Volume – Jun 05
Soybean No. 1
Turnover: 190,150 lots, or 7.81 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-25 4,130 4,144 4,110 4,138 4,117 4,129 12 115,743 108,188
Sep-25 4,108 4,108 4,067 4,094 4,099 4,087 -12 55,698 125,771
Nov-25 4,025 4,025 3,998 4,015 4,022 4,011 -11 10,552 50,039
Jan-26 4,018 4,021 3,994 4,012 4,016 4,008 -8 3,513 10,561
Mar-26 4,015 4,017 3,992 4,009 4,011 4,004 -7 4,575 11,749
May-26 4,042 4,046 4,026 4,040 4,048 4,039 -9 69 165
Corn
Turnover: 546,346 lots, or 1.28 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-25 2,334 2,340 2,324 2,335 2,327 2,332 5 370,158 989,829
Sep-25 2,355 2,365 2,350 2,362 2,351 2,359 8 133,816 562,837
Nov-25 2,285 2,295 2,280 2,293 2,283 2,289 6 23,387 245,150
Jan-26 2,242 2,249 2,238 2,246 2,241 2,244 3 5,849 69,778
Mar-26 2,234 2,237 2,228 2,234 2,232 2,233 1 11,760 46,294
May-26 2,254 2,259 2,248 2,259 2,254 2,253 -1 1,376 4,457
Soymeal
Turnover: 1,390,035 lots, or 40.88 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-25 2,775 2,786 2,763 2,773 2,767 2,773 6 93,088 349,486
Aug-25 2,933 2,948 2,926 2,943 2,921 2,937 16 15,599 199,675
Sep-25 2,948 2,965 2,942 2,958 2,938 2,954 16 996,089 2,187,751
Nov-25 2,996 3,002 2,980 2,997 2,977 2,992 15 67,956 482,235
Dec-25 3,011 3,026 3,007 3,022 3,003 3,017 14 8,983 95,993
Jan-26 2,992 3,009 2,988 3,003 2,986 3,000 14 150,849 737,080
Mar-26 2,847 2,857 2,843 2,850 2,843 2,849 6 22,883 177,346
May-26 2,698 2,701 2,692 2,695 2,696 2,696 0 34,588 222,519
Palm Oil
Turnover: 565,063 lots, or 4.58 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jun-25 8,500 8,500 8,500 8,500 8,630 8,500 -130 9 200
Jul-25 8,312 8,316 8,234 8,288 8,292 8,262 -30 3,596 10,036
Aug-25 8,222 8,232 8,150 8,208 8,224 8,182 -42 892 1,929
Sep-25 8,160 8,160 8,064 8,126 8,156 8,106 -50 535,659 429,954
Oct-25 8,084 8,104 8,034 8,058 8,124 8,062 -62 90 951
Nov-25 8,086 8,086 8,008 8,068 8,090 8,036 -54 42 864
Dec-25 8,098 8,100 8,032 8,068 8,096 8,054 -42 40 501
Jan-26 8,110 8,118 8,022 8,082 8,106 8,062 -44 24,541 105,414
Feb-26 8,092 8,092 8,010 8,010 8,074 8,036 -38 4 923
Mar-26 8,014 8,040 7,996 8,040 8,064 8,018 -46 7 252
Apr-26 8,000 8,000 7,994 7,994 8,014 7,996 -18 3 73
May-26 7,962 8,002 7,932 7,984 7,974 7,970 -4 180 690
Soybean Oil
Turnover: 292,427 lots, or 22.42 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-25 7,758 7,764 7,716 7,750 7,748 7,736 -12 4,147 33,032
Aug-25 7,710 7,710 7,660 7,688 7,692 7,676 -16 679 9,062
Sep-25 7,690 7,698 7,650 7,676 7,690 7,668 -22 259,908 590,741
Nov-25 7,708 7,710 7,666 7,686 7,696 7,686 -10 259 3,350
Dec-25 7,712 7,718 7,696 7,714 7,724 7,704 -20 34 1,677
Jan-26 7,654 7,656 7,612 7,636 7,648 7,630 -18 25,615 164,565
Mar-26 7,528 7,550 7,528 7,540 7,558 7,536 -22 28 957
May-26 7,410 7,412 7,388 7,404 7,402 7,396 -6 1,757 7,055
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