Grains Report 07/22/2025

DJ USDA Grain Inspections for Export in Metric Tons – Jul 21
WA_GR101
Washington, DC Mon Jul 21, 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 17, 2025
— METRIC TONS —
————————————————————————-
CURRENT PREVIOUS
———– WEEK ENDING ———- MARKET YEAR MARKET YEAR
GRAIN 07/17/2025 07/10/2025 07/18/2024 TO DATE TO DATE
BARLEY 122 0 100 464 4,065
CORN 983,625 1,314,302 991,257 58,817,068 45,613,981
FLAXSEED 0 24 0 48 144
MIXED 0 0 0 122 572
OATS 0 0 0 1,297 100
RYE 0 0 0 0 0
SORGHUM 0 2,419 68,844 1,956,601 5,398,042
SOYBEANS 364,990 151,346 338,255 46,781,535 42,362,063
SUNFLOWER 0 0 0 0 7,325
WHEAT 732,290 444,631 290,636 3,021,403 2,656,953
Total 2,081,027 1,912,722 1,689,092 110,578,538 96,043,245

This Week Last Week Last Year Average
Cotton Squaring 71 61 79 75
Cotton Setting Bolls 33 23 40 33
Corn Silking 56 34 58 58
Corn Dough 14 7 16 12
Soybeans Blooming 62 47 63 63
Soybeans Setting Pods 26 15 27 26
Sorghum Headed 28 24 33 34
Sorghum Coloring 17 13 19 19
Peanuts Pegging 80 70 79 77
Oats Headed 96 92 94 95
Oats Harvested 20 12 21 20
Rice Headed 46 33 56 40
Winter Wheat Harvested 73 63 75 72
Spring Wheat Headed 87 78 87 88
Barley Headed 76 68 84 87

Very Poor Poor Fair Good Excellent
Cotton This Week 6 7 30 48 9
Cotton Last Week 7 10 29 45 9
Cotton Last Year 7 11 29 42 11

Corn This Week 1 5 20 45 18
Corn Last Week 1 4 21 57 17
Corn Last Year 3 7 23 51 16

Soybeans This Week 2 5 25 54 14
Soybeans Last Week 1 4 25 58 12
Soybeans Last Year 2 6 24 56 12

Rice This Week 1 2 18 58 21
Rice Last Week 1 2 29 58 19
Rice Last Year 1 3 13 62 21

Sorghum This Week 1 4 27 53 15
Sorghum Last Week 1 3 27 53 16
Sorghum Last Year 4 7 29 48 12

Peanuts This Week 0 4 27 59 ten
Peanuts Last Week 0 5 25 59 11
Peanuts Last Year 1 5 31 56 7

Oats This Week 8 10 24 49 9
Oats Last Week 7 9 25 51 8
Oats Last Year 6 5 23 55 11

Spring Wheat This Week 3 13 32 47 5
Spring Wheat Last Week 1 12 33 49 5
Spring Wheat Last Year 1 4 18 65 12

Barley This Week 2 14 39 42 3
Barley Last Week 1 13 42 41 3
Barley Last Year 0 3 23 68 6

Pastures and Ranges This Week 11 17 29 32 11
Pastures and Ranges Last Week 11 17 26 33 13
Pastures and Ranges Last Year 12 17 31 33 7

WHEAT
General Comments: Wheat was a little lower yesterday on ideas of solid harvest progress and good yields and on a neutral weekly export sales report. Harvest conditions for Winter Wheat appear 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. Canada could still produce an average crop. 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 521 508 and 496 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. Chart trends are still mostly down on the daily charts. The cash market has been slow with mostly quiet domestic markets and average or less 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 1218, 1206, and 1194 September and resistance is at 1253, 1276, and 1285 September.

CORN AND OATS
General Comments: Corn was lower yesterday on the changing weather for the Midwest. The weather remained cooler last week. Temperatures turned warmer this weekend with hot weather possible through much of this week, but then cooler temperatures should return although it will still be warm. Most of the Midwest has seen adequate or greater precipitation. Demand for Corn in world markets remains strong. Oats were lower yesterday
Overnight News:
Chart Analysis: Trends in Corn are mixed to up. Support is at 390, 387, and 384 September, and resistance is at 414, 418, and 426 September. Trends in Oats are mixed to down. Support is at 349, 339, and 335 September, and resistance is at 383, 388, and 394 September.

SOYBEANS
General Comments: Soybeans and Soybean Meal were lower yesterday as good growing conditions continue in the Midwest. Soybean Oil was a little higher. Hot and dry weather is expected for part of this week, but then temperatures should turn cooler but still remain slightly above normal. There should be some showers around as well once the temperatures turn cooler.. 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 mixed. Support is at 1010, 1002, and 993 August, and resistance is at 1047, 1051, and 1064 August. Trends in Soybean Meal are mixed. 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 to up. Support is at 5150, 5080, and 4920 August, with resistance at 5720, 5840, and 5960 August.

PALM OIL AND CANOLA
General Comments: Palm Oil futures were a little lower on follow through selling and weaker demand ideas.. Ideas that current increased production levels mean higher inventories in MPOB monthly data are still around. Canola was a little lower yesterday. 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 mixed to up. Support is at 674.00, 665.00, and 660.00 November, with resistance at 713.00, 717.00, and 738.00 November. Trends in Palm Oil are up. Support is at 4130, 4080, and 4020 October, with resistance at 4350, 4410, and 4470 October.

DJ Malaysian PM Cash Market Prices for Palm Oil – July 22
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.
Offer Change Bid Change Traded
Aug 1035.00 +10.00 Unquoted – –
Sep 1040.00 +10.00 Unquoted – –
Oct/Nov/Dec 1042.50 +12.50 Unquoted – –
Jan/Feb/Mar 1045.00 +10.00 Unquoted – –
Apr/May/Jun 1035.00 +12.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Aug 1040.00 +10.00 Unquoted – –
Sep 1045.00 +10.00 Unquoted – –
Oct/Nov/Dec 1047.50 +12.50 Unquoted – –
Jan/Feb/Mar 1050.00 +10.00 Unquoted – –
Apr/May/Jun 1040.00 +12.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Aug 1010.00 00.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Aug 932.50 +05.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Aug 4,220.00 +20.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Aug 445.00 00.00 Unquoted – –
($1=MYR4.23)

DJ China Dalian Grain Futures Closing Prices, Volume – Jul 22
Soybean No. 1
Turnover: 189,592 lots, or 7.95 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-25 4,204 4,238 4,184 4,232 4,176 4,213 37 146,103 181,087
Nov-25 4,124 4,148 4,114 4,139 4,109 4,132 23 25,512 73,481
Jan-26 4,114 4,139 4,103 4,131 4,100 4,122 22 11,740 29,243
Mar-26 4,106 4,126 4,093 4,118 4,088 4,110 22 3,025 21,946
May-26 4,143 4,161 4,129 4,157 4,118 4,144 26 448 1,166
Jul-26 4,148 4,162 4,118 4,156 4,123 4,142 19 2,764 2,991
Corn
Turnover: 658,559 lots, or 1.52 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-25 2,320 2,335 2,318 2,322 2,319 2,325 6 504,097 975,861
Nov-25 2,283 2,288 2,274 2,275 2,282 2,280 -2 88,101 405,711
Jan-26 2,250 2,255 2,244 2,246 2,245 2,250 5 37,976 161,186
Mar-26 2,251 2,255 2,245 2,249 2,245 2,250 5 13,446 84,727
May-26 2,294 2,295 2,284 2,288 2,289 2,290 1 9,323 29,278
Jul-26 2,301 2,305 2,297 2,298 2,301 2,300 -1 5,616 7,852
Soymeal
Turnover: 2,034,153 lots, or 62.14 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Aug-25 3,043 3,082 3,040 3,073 3,039 3,062 23 18,276 49,654
Sep-25 3,071 3,097 3,057 3,086 3,059 3,076 17 1,180,910 1,851,232
Nov-25 3,103 3,132 3,094 3,121 3,097 3,111 14 164,274 622,167
Dec-25 3,118 3,145 3,108 3,137 3,108 3,126 18 15,246 130,174
Jan-26 3,087 3,118 3,078 3,104 3,081 3,098 17 418,213 1,213,547
Mar-26 2,939 2,956 2,923 2,946 2,926 2,939 13 90,251 397,363
May-26 2,752 2,770 2,743 2,760 2,748 2,756 8 132,852 578,149
Jul-26 2,742 2,754 2,734 2,745 2,739 2,742 3 14,131 51,300
Palm Oil
Turnover: 841,567 lots, or 75.08 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Aug-25 8,892 8,972 8,832 8,876 8,942 8,882 -60 1,062 1,306
Sep-25 8,882 9,012 8,868 8,926 8,958 8,928 -30 706,504 492,920
Oct-25 8,878 8,992 8,858 8,916 8,938 8,920 -18 5,241 7,937
Nov-25 8,858 8,970 8,850 8,898 8,934 8,900 -34 667 1,980
Dec-25 8,854 8,960 8,846 8,898 8,946 8,886 -60 239 681
Jan-26 8,838 8,964 8,826 8,902 8,922 8,888 -34 123,015 174,548
Feb-26 8,850 8,856 8,844 8,856 8,890 8,852 -38 4 968
Mar-26 8,744 8,838 8,712 8,766 8,792 8,756 -36 29 288
Apr-26 – – – 8,700 8,700 8,700 0 0 115
May-26 8,562 8,640 8,550 8,606 8,620 8,586 -34 4,788 12,241
Jun-26 8,538 8,538 8,522 8,534 8,542 8,530 -12 6 59
Jul-26 8,464 8,550 8,460 8,520 8,498 8,512 14 12 7
Soybean Oil
Turnover: 421,150 lots, or 3.39 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Aug-25 8,104 8,104 8,038 8,058 8,132 8,052 -80 758 2,332
Sep-25 8,086 8,108 8,040 8,076 8,124 8,072 -52 296,786 521,320
Nov-25 8,106 8,116 8,054 8,086 8,124 8,084 -40 2,285 9,429
Dec-25 8,104 8,118 8,060 8,082 8,134 8,084 -50 30 1,846
Jan-26 8,038 8,062 7,990 8,028 8,082 8,022 -60 111,486 350,605
Mar-26 7,896 7,920 7,874 7,892 7,952 7,902 -50 90 1,218
May-26 7,680 7,706 7,650 7,674 7,710 7,674 -36 9,667 39,637
Jul-26 7,672 7,692 7,650 7,658 7,692 7,670 -22 48 117
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.

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