Grains Report 07/29/2025

DJ USDA Grain Inspections for Export in Metric Tons – Jul 28
WA_GR101
Washington, DC Mon Jul 28, 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 24, 2025
— METRIC TONS —
————————————————————————-
CURRENT PREVIOUS
———– WEEK ENDING ———- MARKET YEAR MARKET YEAR
GRAIN 07/24/2025 07/17/2025 07/25/2024 TO DATE TO DATE
BARLEY 100 122 220 564 4,285
CORN 1,522,174 984,901 1,070,719 60,340,518 46,684,700
FLAXSEED 24 0 24 72 168
MIXED 0 0 0 122 572
OATS 0 0 48 1,297 148
RYE 0 0 0 0 0
SORGHUM 33,967 0 54,582 1,990,568 5,452,624
SOYBEANS 409,714 377,020 408,582 47,203,279 42,770,645
SUNFLOWER 0 0 0 0 7,325
WHEAT 288,793 732,290 468,274 3,310,196 3,125,227
Total 2,254,772 2,094,333 2,002,449 112,846,616 98,045,694

This Week Last Week Last Year Average
Cotton Squaring 80 71 88 83
Cotton Setting Bolls 55 33 52 46
Corn Silking 76 56 75 77
Corn Dough 26 14 28 24
Soybeans Blooming 76 62 75 76
Soybeans Setting Pods 41 26 42 42
Sorghum Headed 39 28 45 43
Sorghum Coloring 21 17 22 21
Peanuts Pegging 80 70 79 77
Oats Harvested 29 20 33 32
Rice Headed 63 46 69 53
Winter Wheat Harvested 80 73 81 81
Spring Wheat Headed 92 87 93 95
Spring Wheat Harvested 1 1 3
Barley Headed 80 76 88 94
Barley Harvested 1 2 3

Very Poor Poor Fair Good Excellent
Cotton This Week 7 7 31 44 11
Cotton Last Week 6 7 30 48 9
Cotton Last Year 9 13 29 40 9

Corn This Week 2 5 20 53 20
Corn Last Week 1 5 20 56 18
Corn Last Year 3 6 23 52 16

Soybeans This Week 1 5 24 55 15
Soybeans Last Week 2 4 25 54 14
Soybeans Last Year 2 6 25 54 13

Rice This Week 0 3 20 57 20
Rice Last Week 1 2 18 58 21
Rice Last Year 1 3 14 65 18

Sorghum This Week 3 5 26 49 17
Sorghum Last Week 1 4 27 53 15
Sorghum Last Year 4 9 32 45 10

Peanuts This Week 1 4 27 57 eleven
Peanuts Last Week 0 4 27 59 10
Peanuts Last Year 1 5 26 59 9

Oats This Week 7 10 25 48 10
Oats Last Week 8 10 24 49 9
Oats Last Year 6 5 23 54 12

Spring Wheat This Week 4 14 33 44 5
Spring Wheat Last Week 3 13 32 47 5
Spring Wheat Last Year 0 4 22 63 11

Barley This Week 1 14 43 39 3
Barley Last Week 2 14 38 42 3
Barley Last Year 0 5 26 62 7

Pastures and Ranges This Week 9 17 29 34 11
Pastures and Ranges Last Week 11 17 29 32 11
Pastures and Ranges Last Year 12 17 32 32 7

WHEAT
General Comments: Wheat was mixed yesterday. The Dakotas Crop Tour estimate was 49 bushels per acre, down from 59 last year. Many think that the Spring Wheat yields will be higher than a49 bu/acre. Ideas of solid harvest progress and good yields are still around and are forcing the selling. Harvest conditions for Winter Wheat appear to be good in the US and Spring Wheat development is currently good. Rains have been good in the northern Great Plains but Canada has been a little too dry for best yield potential and the northern Plains had hot and dry areas earlier in the year. Canada could still produce an average to above average crop. Russia is still being watched for dry weather that has so far hurt yields and Ukraine is watched for the same reason and because of the war that could destroy some fields. Russian Black Sea prices have been firming as producers are not making sales and are looking for higher prices to offset yield losses. 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 lower on speculative selling. Chart trends are still mostly down on the daily charts. The cash market has been slow with mostly quiet with low bids from buyers in domestic markets and average or less export demand. New crop harvesting has started in Louisiana with reports of good but not great yields and quality. Milling quality of the old crop 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 and harvest has started near the Gulf Coast.
Overnight News:
Chart Analysis: Trends are down. Support is at 1242, 1228, and 1218 September and resistance is at 1276, 1285, and 1298 September.

CORN AND OATS
General Comments: Corn was lower yesterday on the forecasts for improving weather for the Midwest. The export sales report was strong when the current crop year and the next crop year sales were combined. Temperatures should stay warm to hot for one more day, but then cooler temperatures should return. Rain is expected with the cooler temperatures. Most of the Midwest has seen adequate or greater precipitation and production ideas are high. Yield estimates of 186 bushels per acre are frequently heard. Demand for Corn in world markets remains strong. Oats were lower.
Overnight News:
Chart Analysis: Trends in Corn are mixed. 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 and Soybean Oil was higher as good growing conditions continue in the Midwest. Temperatures should turn cooler later this week after some more hot days early in the week. There should be some showers around as well. Prices are now reported to be higher in Brazil, but China and other buyers are still buying there for political reasons. 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 983, 970, and 958 August, and resistance is at 1020, 1037, and 1047 August. Trends in Soybean Meal are mixed. Support is at 265.00, 262.00, and 259.00 August, and resistance is at 277.00, 282.00, and 287.00 August. Trends in Soybean Oil are mixed to up. Support is at 5500, 5390, and 5310 August, with resistance at 5720, 5840, and 5960 August.

PALM OIL AND CANOLA
General Comments: Palm Oil futures were higher today along with the price action in Chicago and despite weaker demand reports from private sources. Amspec estimated esports so far this month at 896,404 tons, down 15% from last month. There was talk that India will soon be buying a lot with festivals coming soon. Ideas that current increased production levels mean higher inventories in MPOB monthly data are still around. Canola was mixed and close to unchanged. 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 29
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
Aug 1037.50 +02.50 Unquoted – –
Sep 1042.50 00.00 Unquoted – –
Oct/Nov/Dec 1045.00 +02.50 Unquoted – –
Jan/Feb/Mar 1050.00 +02.50 Unquoted – –
Apr/May/Jun 1037.50 +02.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Aug 1042.50 +02.50 Unquoted – –
Sep 1047.50 00.00 Unquoted – –
Oct/Nov/Dec 1050.00 +02.50 Unquoted – –
Jan/Feb/Mar 1055.00 +02.50 Unquoted – –
Apr/May/Jun 1042.50 +02.50 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 930.00 00.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Aug 4,210.00 +10.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Aug 447.00 -01.00 Unquoted – –
($1=MYR4.229)

DJ China Dalian Grain Futures Closing Prices, Volume – Jul 29
Soybean No. 1
Turnover: 203,800 lots, or 8.41 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-25 4,145 4,153 4,121 4,144 4,183 4,136 -47 138,833 133,349
Nov-25 4,103 4,119 4,093 4,117 4,115 4,105 -10 47,414 101,254
Jan-26 4,095 4,106 4,076 4,103 4,100 4,090 -10 12,986 31,002
Mar-26 4,090 4,096 4,066 4,096 4,090 4,080 -10 2,975 22,739
May-26 4,114 4,136 4,102 4,136 4,128 4,119 -9 1,015 1,781
Jul-26 4,112 4,142 4,099 4,142 4,123 4,117 -6 577 3,418
Corn
Turnover: 818,775 lots, or 18.68 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-25 2,317 2,320 2,299 2,302 2,313 2,306 -7 527,538 794,329
Nov-25 2,255 2,257 2,233 2,239 2,260 2,242 -18 174,526 471,638
Jan-26 2,226 2,229 2,211 2,215 2,232 2,217 -15 81,555 213,252
Mar-26 2,226 2,229 2,214 2,217 2,233 2,219 -14 20,604 93,204
May-26 2,270 2,272 2,260 2,263 2,275 2,263 -12 9,906 31,065
Jul-26 2,285 2,285 2,272 2,278 2,288 2,277 -11 4,646 8,501
Soymeal
Turnover: 1,964,184 lots, or 58.26 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Aug-25 2,988 2,988 2,953 2,972 2,988 2,970 -18 9,644 14,727
Sep-25 2,989 2,992 2,963 2,983 3,001 2,974 -27 1,013,822 1,468,086
Nov-25 3,027 3,029 3,000 3,018 3,035 3,011 -24 135,772 620,262
Dec-25 3,063 3,063 3,035 3,049 3,071 3,048 -23 21,244 129,466
Jan-26 3,040 3,041 3,013 3,028 3,045 3,024 -21 519,043 1,326,501
Mar-26 2,919 2,923 2,903 2,911 2,919 2,912 -7 74,998 399,944
May-26 2,751 2,755 2,736 2,744 2,750 2,744 -6 165,877 658,531
Jul-26 2,731 2,741 2,720 2,722 2,735 2,730 -5 23,784 85,903
Palm Oil
Turnover: 758,435 lots, or 6.77 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Aug-25 8,882 8,882 8,770 8,866 8,828 8,838 10 175 1,060
Sep-25 8,952 8,996 8,842 8,970 8,916 8,926 10 611,734 432,271
Oct-25 8,956 8,998 8,856 8,970 8,918 8,922 4 5,360 8,135
Nov-25 8,948 8,996 8,860 8,970 8,908 8,942 34 826 2,512
Dec-25 8,952 8,992 8,874 8,966 8,904 8,938 34 74 852
Jan-26 8,936 8,992 8,850 8,968 8,900 8,924 24 128,262 178,620
Feb-26 8,854 8,932 8,834 8,932 8,878 8,904 26 30 934
Mar-26 8,836 8,874 8,788 8,874 8,810 8,848 38 34 267
Apr-26 8,808 8,830 8,808 8,830 8,744 8,796 52 12 79
May-26 8,730 8,782 8,654 8,772 8,670 8,720 50 11,902 19,203
Jun-26 8,664 8,686 8,610 8,686 8,572 8,666 94 11 47
Jul-26 8,644 8,700 8,542 8,696 8,596 8,624 28 15 44
Soybean Oil
Turnover: 632,309 lots, or 51.57 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Aug-25 8,218 8,292 8,166 8,256 8,214 8,188 -26 87 1,455
Sep-25 8,130 8,260 8,098 8,226 8,114 8,174 60 420,108 511,323
Nov-25 8,120 8,248 8,104 8,224 8,120 8,176 56 3,792 10,978
Dec-25 8,136 8,254 8,118 8,226 8,112 8,220 108 254 1,786
Jan-26 8,086 8,218 8,062 8,188 8,068 8,138 70 192,342 411,943
Mar-26 7,986 8,076 7,950 8,050 7,958 8,014 56 184 1,249
May-26 7,750 7,842 7,724 7,822 7,720 7,784 64 15,424 47,199
Jul-26 7,736 7,814 7,716 7,772 7,700 7,754 54 118 146
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