Grains Report 07/15/2025

DJ CBOT Delivery Intentions: Totals – Jul 15
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL July Jul 16, 2025 111 Jul 14, 2025
CORN July Jul 16, 2025 29 Jul 14, 2025
KC HRW WHEAT July Jul 16, 2025 3 Jul 14, 2025
SOYBEAN July Jul 16, 2025 204 Jul 14, 2025
WHEAT July Jul 16, 2025 5 Jul 14, 2025

DJ USDA Grain Inspections for Export in Metric Tons – Jul 14
WA_GR101
Washington, DC Mon Jul 14, 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 JUL 10, 2025
— METRIC TONS —
————————————————————————-
CURRENT PREVIOUS
———– WEEK ENDING ———- MARKET YEAR MARKET YEAR
GRAIN 07/10/2025 07/03/2025 07/11/2024 TO DATE TO DATE
BARLEY 0 220 898 342 3,965
CORN 1,287,159 1,563,946 1,099,615 57,806,276 44,622,724
FLAXSEED 24 0 0 48 144
MIXED 0 0 0 122 572
OATS 0 0 0 1,297 100
RYE 0 0 0 0 0
SORGHUM 0 8,981 70,614 1,943,205 5,329,198
SOYBEANS 147,045 399,600 175,327 46,411,264 42,023,808
SUNFLOWER 0 0 0 0 7,325
WHEAT 439,533 522,234 622,304 2,283,316 2,354,842
Total 1,873,761 2,494,981 1,968,758 108,445,870 94,342,678
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

This Week Last Week Last Year Average
Cotton Squaring 61 48 62 62
Cotton Setting Bolls 23 14 26 22
Corn Silking 34 18 39 33
Corn Dough 7 3 7 5
Soybeans Blooming 47 32 49 47
Soybeans Setting Pods 15 8 17 14
Sorghum Planted 96 3 98 97
Sorghum Headed 24 22 28 28
Sorghum Coloring 14 13 16 16
Peanuts Pegging 70 56 68 87
Oats Headed 93 85 90 90
Oats Harvested 12 15 12
Rice Headed 33 25 42 30
Winter Wheat Harvested 63 53 63 63
Spring Wheat Headed 78 61 74 75
Barley Headed 68 54 73 74

Very Poor Poor Fair Good Excellent
Cotton This Week 7 10 29 45 9
Cotton Last Week 8 11 31 45 7
Cotton Last Year 11 12 32 37 8

Corn This Week 1 4 21 57 17
Corn Last Week 1 4 21 57 17
Corn Last Year 3 6 23 52 16

Soybeans This Week 1 4 28 58 12
Soybeans Last Week 2 5 27 54 12
Soybeans Last Year 2 6 24 56 12

Rice This Week 1 2 20 58 19
Rice Last Week 1 2 23 52 22
Rice Last Year 0 2 18 63 17

Sorghum This Week 1 3 27 53 16
Sorghum Last Week 2 4 27 53 14
Sorghum Last Year 3 8 32 44 13

Peanuts This Week 0 5 25 59 eleven
Peanuts Last Week 0 4 22 54 11
Peanuts Last Year 1 6 33 54 8

Oats This Week 7 9 25 51 8
Oats Last Week 6 9 25 51 9
Oats Last Year 6 5 23 56 10

Spring Wheat This Week 1 12 33 49 5
Spring Wheat Last Week 3 12 35 45 5
Spring Wheat Last Year 0 3 20 67 10

Barley This Week 1 13 42 41 3
Barley Last Week 1 14 43 40 2
Barley Last Year 0 3 23 69 5

Pastures and Ranges This Week 11 17 28 33 13
Pastures and Ranges Last Week 11 16 28 32 13
Pastures and Ranges Last Year 12 17 30 34 7

WHEAT
General Comments: Wheat was lower yesterday on ideas of solid harvest progress and good yields. USDA kept ending stocks levels close to trade estimates in the WASDE reports released on Friday. Yields were increased slightly but demand ideas were solid. Harvest conditions for Winter Wheat appears to be good in the US and Spring Wheat development is good. Rains have been good in the northern Greasy Plains but Canada has been a little too dry for best yield potential. Russia is still being watched for dry weather that could hurt yields and Ukraine is watched for the same reason and because of the war that could destroy some fields. Southern hemisphere crops appear to be good.
Overnight News:
Chart Analysis: Trends in Chicago are mixed to up Support is at 535, 521 and 508 September, with resistance at 568, 572, and 582 September. Trends in Kansas City are mixed. Support is at 516, 504, and 498 September, with resistance at 550, 565, and 578 September. Trends in Minneapolis are not available.

RICE:
General Comments Rice was a little lower yesterday in light volume trading. USDA decreased production estimates but also cut back on demand estimates in its monthly WASDE report. Ending stocks were up 0.6 million cwt to 3a4.6 million. Weaker Asian prices are still around and are still a drag on US futures. South America has been offering less. Chart trends are still mostly down on the daily charts. 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 is heading in most growing areas now. Condition has been rated as good and the ratings by USDA are above last year.
Overnight News:
Chart Analysis: Trends are down. Support is at 1266, 1254, and 1242 September and resistance is at 1333, 1369, and 1392 September.

CORN AND OATS
General Comments: Corn was higher yesterday on ideas that futures were cheap enough for now. It was the only market to move higher yesterday. USDA on Friday cut its production estimated slightly but kept a year on year increase in ending stocks levels intact. The weather forecasts remained cooler this week. Reduced heat and some showers are expected in the Midwest this week, but temperatures could turn warmer this weekend with more wet weather possible early next week. A moderate drought is seen near the Chicago area, but the drought area is shrinking. The rest of the Midwest has seen adequate or greater precipitation. Demand for Corn in world markets remains strong. Oats were higher
Overnight News:
Chart Analysis: Trends in Corn are mixed. Support is at 390, 387, and 384 September, and resistance is at 406, 414, and 418 September. Trends in Oats are mixed to down. Support is at 360, 349, and 339 September, and resistance is at 383, 388, and 394 September.

SOYBEANS
General Comments: Soybeans and Soybean Meal were lower again yesterday on good growing conditions in the Midwest. Soybean Oil was higher. USDA on Friday made no important changes in the WASDE data but did modify production slightly based off of the acreage estimates from June. Lower priced offers from Brazil in the world market are still important to the US price action. 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.
Overnight News:
Analysis: Trends in Soybeans are down. Support is at 983, 970, and 958 August, and resistance is at 1017, 1025, and 1030 August. Trends in Soybean Meal are mixed to down. Support is at 265.00, 262.00, and 259.00 August, and resistance is at 276.00, 282.00, and 287.00 August. Trends in Soybean Oil are mixed. Support is at 5150, 5080, and 4920 August, with resistance at 5600, 5720, and 5840 August.

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. Canola was higher. Trends are mixed to up on the daily charts and 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 up. Support is at 683.00, 679.00, and 665.00 November, with resistance at 707.00, 717.00, and 738.00 November. Trends in Palm Oil are up. Support is at 4080, 4010, and 3960 September, with resistance at 4210, 4270, and 4310 September.

DJ Malaysian PM Cash Market Prices for Palm Oil – July 15
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 1012.50 -15.00 Unquoted – –
Aug 1012.50 — Unquoted – –
Sep 1015.00 — Unquoted – –
Oct/Nov/Dec 1022.50 -07.50 Unquoted – –
Jan/Feb/Mar 1025.00 -07.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Jul 1017.50 -15.00 Unquoted – –
Aug 1017.50 — Unquoted – –
Sep 1020.00 — Unquoted – –
Oct/Nov/Dec 1027.50 -07.50 Unquoted – –
Jan/Feb/Mar 1030.00 -07.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Jul 990.00 -10.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Jul 902.50 -12.50 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jul 4,120.00 -70.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jul 420.00 -05.00 Unquoted – –
($1=MYR4.24)

DJ China Dalian Grain Futures Closing Prices, Volume – Jul 15
Soybean No. 1
Turnover: 131,177 lots, or 5.41 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-25 4,132 4,154 4,132 4,149 4,116 4,143 27 105,572 187,734
Nov-25 4,060 4,071 4,053 4,063 4,051 4,063 12 15,609 68,066
Jan-26 4,041 4,062 4,041 4,053 4,038 4,053 15 6,572 26,888
Mar-26 4,038 4,049 4,033 4,044 4,029 4,043 14 3,277 22,673
May-26 4,073 4,084 4,066 4,076 4,065 4,075 10 124 871
Jul-26 4,104 4,135 4,065 4,065 4,065 4,089 24 23 15
Corn
Turnover: 567,306 lots, or 13.00 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-25 2,304 2,310 2,291 2,295 2,293 2,301 8 441,253 1,036,238
Nov-25 2,273 2,277 2,263 2,266 2,266 2,270 4 70,898 393,747
Jan-26 2,240 2,243 2,233 2,236 2,230 2,237 7 29,759 144,980
Mar-26 2,241 2,245 2,237 2,241 2,233 2,241 8 12,000 78,703
May-26 2,272 2,278 2,270 2,272 2,264 2,274 10 6,674 26,268
Jul-26 2,290 2,329 2,252 2,279 2,264 2,286 22 6,722 1,639
Soymeal
Turnover: 1,391,855 lots, or 41.31 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Aug-25 2,976 2,982 2,954 2,960 2,958 2,967 9 45,447 86,101
Sep-25 2,995 2,999 2,972 2,978 2,977 2,986 9 854,905 1,962,612
Nov-25 3,035 3,036 3,011 3,017 3,015 3,024 9 89,839 656,447
Dec-25 3,053 3,058 3,036 3,041 3,038 3,046 8 12,967 125,595
Jan-26 3,028 3,029 3,008 3,015 3,011 3,019 8 226,366 1,128,648
Mar-26 2,881 2,883 2,862 2,867 2,873 2,870 -3 59,680 386,817
May-26 2,705 2,709 2,698 2,702 2,700 2,702 2 93,578 590,697
Jul-26 2,730 2,730 2,695 2,699 2,700 2,704 4 9,073 6,094
Palm Oil
Turnover: 658,886 lots, or 5.77 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Aug-25 8,796 8,828 8,716 8,740 8,726 8,768 42 10,004 4,104
Sep-25 8,760 8,812 8,688 8,708 8,702 8,754 52 568,073 495,933
Oct-25 8,748 8,798 8,684 8,706 8,694 8,732 38 4,015 5,955
Nov-25 8,738 8,786 8,684 8,694 8,680 8,724 44 452 1,405
Dec-25 8,754 8,776 8,682 8,698 8,670 8,732 62 83 561
Jan-26 8,732 8,770 8,668 8,692 8,672 8,720 48 74,351 161,120
Feb-26 8,700 8,700 8,662 8,662 8,632 8,692 60 31 934
Mar-26 8,668 8,672 8,604 8,612 8,604 8,642 38 73 293
Apr-26 8,592 8,592 8,592 8,592 8,546 8,586 40 12 108
May-26 8,518 8,540 8,450 8,472 8,470 8,500 30 1,781 9,472
Jun-26 8,486 8,486 8,418 8,418 8,420 8,452 32 11 50
Jul-26 – – – 8,420 8,420 8,420 0 0 0
Soybean Oil
Turnover: 377,828 lots, or 30.20 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Aug-25 8,010 8,052 8,000 8,034 7,994 8,016 22 4,554 7,068
Sep-25 8,010 8,038 7,984 8,012 7,988 8,012 24 273,196 513,627
Nov-25 8,000 8,026 7,980 8,006 7,994 8,010 16 832 7,017
Dec-25 8,040 8,046 8,018 8,026 8,028 8,030 2 62 1,541
Jan-26 7,972 7,986 7,938 7,966 7,960 7,964 4 91,485 313,638
Mar-26 7,866 7,874 7,850 7,850 7,878 7,860 -18 73 1,168
May-26 7,640 7,660 7,620 7,628 7,652 7,636 -16 7,612 36,346
Jul-26 7,432 7,618 7,432 7,602 7,652 7,584 -68 14 10
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