Grains Report 08/19/2025

DJ Analysts’ Estimates for August Cattle-on-Feed Report
The following estimates, as compiled by the Wall Street Journal for the nation’s feedyards with a capacity of 1,000 or more head, are in percentages of the year-earlier figure. High and low projections were dropped in the calculation of averages. The U.S. Department of Agriculture report is scheduled for release at 3 p.m. ET (1900 GMT) Friday.
Average Range
of estimates of estimates
On-feed Aug 1 98.1 97.4 – 98.4
Placed in July 91.1 87.0 – 94.0
Marketed in July 94.1 94.0 – 94.7
Analyst On-Feed Placements Marketed
Aug 1 in July in July
Allegiant Commodity Group 98.2 92.2 94.1
Allendale Inc. 98.2 92.4 94.2
HedgersEdge 97.8 89.6 94.4
Livestock Mktg Info Ctr 98.3 92.2 94.0
Midwest Market Solutions 98.1 89.9 94.7
NFC Markets 97.4 87.0 94.1
Texas A&M Extension 97.8 90.0 94.0
US Commodities 98.4 94.0 94.0

DJ USDA Grain Inspections for Export in Metric Tons – Aug 18
WA_GR101
Washington, DC Mon Aug 18, 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 AUG 14, 2025
— METRIC TONS —
————————————————————————-
CURRENT PREVIOUS
———– WEEK ENDING ———- MARKET YEAR MARKET YEAR
GRAIN 08/14/2025 08/07/2025 08/15/2024 TO DATE TO DATE
BARLEY 841 73 73 1,527 4,358
CORN 1,050,715 1,522,561 1,217,576 64,219,596 50,160,735
FLAXSEED 24 0 0 120 168
MIXED 0 0 24 122 596
OATS 0 499 0 2,095 148
RYE 0 0 0 0 0
SORGHUM 84,367 69,780 107,870 2,156,590 5,792,032
SOYBEANS 473,605 544,246 406,240 48,867,578 43,794,726
SUNFLOWER 0 0 0 0 7,325
WHEAT 395,240 414,865 374,304 4,811,510 4,640,068
Total 2,004,792 2,552,024 2,106,087 120,059,138 104,400,156
————————————————————————-
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

Dry soils threaten strong Ohio crops; rains boost S.Dakota -tour – Reuters News
18 Aug 2025 11:36:00 PM
• Ohio corn yield highest in 22 years, but dry conditions pose a risk
• South Dakota corn yield potential highest since 2020, aided by moisture
• Pro Farmer tour to release Indiana and Nebraska yield estimates on Tuesday
Recasts; adds market context, data milestones and quotes
GRAND ISLAND, Nebraska, Aug 18 (Reuters) – The production potential of Ohio’s corn crop is the highest in at least 22 years, scouts on the annual Pro Farmer tour of top U.S. producing states found on Monday, but dry conditions could limit yields by the time the autumn harvest rolls around.
Meanwhile, corn yield potential in South Dakota is the highest since 2020, with plenty of moisture to aid crop development, tour scouts said.
Grain traders are watching to see whether the four-day crop tour, which began Monday and crosses seven top U.S. corn and soybean states, will support the U.S. Department of Agriculture’s August 12 forecast for a record-large corn crop.
The government’s forecast pushed benchmark December corn futures CZ25 on the Chicago Board of Trade to life-of-contract lows last week, although prices have since stabilized.
Scouts on the first day of the tour projected the Ohio corn yield at 185.69 bushels per acre (bpa), above the tour’s 2024 average of 183.29 and the three-year crop tour average of 180.47 bpa.
The yield figure was the highest for Ohio in records dating to 2003, said Emily Carolan, the tour’s data analyst.
Still, with the harvest still weeks away, some questioned whether Ohio crops would reach their potential.
“The crop looked pretty good, but it’s drying out. We saw a lot of cracks in the ground,” said Lane Akre, a Pro Farmer economist leading the tour’s eastern leg. “We will need some additional rains to push this crop to the finish line,” Akre said.
The tour, which does not project soybean yields, estimated the amount of soybean pods per 3-by-3-foot square in Ohio at an average of 1,287.28 pods, up from last year’s average of 1,229.93 and above the three-year average of 1,204.83 pods.
For South Dakota, the tour projected the corn yield at 174.18 bpa, up from 156.51 in 2024 and the three-year crop tour average of 144.13 bpa. The estimate was the tour’s highest for the state since its 2020 estimate of 179.24 bpa.
The tour estimated South Dakota’s average soybean pod count in a 3-by-3-foot square at 1,188.45 pods, also the highest since 2020. The estimate was above last year’s tour average of 1,025.89 pods and the three-year average of 970.10 pods.
Scouts encountered mud in some South Dakota fields, indicating moisture that should bolster corn and soybean development in the weeks before harvest.
“That (moisture) will carry the crop a long way,” said Sherman Newlin, an analyst with Risk Management Commodities who is on the tour.

This Week Last Week Last Year Average
Cotton Squaring 97 93 98 98
Cotton Setting Bolls 73 65 83 80
Cotton Bolls Opening 13 8 18 16
Corn Silking 97 94 97 98
Corn Dough 72 58 72 73
Corn Dented 27 14 28 26
Corn Mature 3 4 3
Soybeans Blooming 95 91 94 95
Soybeans Setting Pods 82 71 80 82
Sorghum Headed 78 65 82 80
Sorghum Coloring 34 29 38 35
Sorghum Mature 18 18 19
Peanuts Pegging 96 94 98 97
Oats Harvested 69 55 66 70
Rice Headed 92 85 93 89
Rice Harvested 17 11 20 15
Winter Wheat Harvested 94 90 96 96
Spring Wheat Harvested 36 16 29 36
Barley Harvested 37 16 28 40

Very Poor Poor Fair Good Excellent
Cotton This Week 4 10 31 43 12
Cotton Last Week 7 11 29 43 10
Cotton Last Year 8 18 32 36 7

Corn This Week 2 6 21 50 21
Corn Last Week 2 5 21 52 20
Corn Last Year 4 7 22 51 16

Soybeans This Week 2 6 24 53 15
Soybeans Last Week 2 5 25 53 15
Soybeans Last Year 2 6 24 54 14

Rice This Week 0 3 22 55 20
Rice Last Week 0 3 21 54 22
Rice Last Year 1 3 17 64 15

Sorghum This Week 3 7 27 46 17
Sorghum Last Week 2 7 25 47 19
Sorghum Last Year 6 12 33 42 7

Peanuts This Week 0 3 25 60 Twelve
Peanuts Last Week 0 3 23 61 13
Peanuts Last Year 1 4 27 62 6

Spring Wheat This Week 4 14 32 45 5
Spring Wheat Last Week 5 13 33 44 5
Spring Wheat Last Year 1 4 22 61 12

Barley This Week 3 14 39 42 2
Barley Last Week 3 14 40 41 2
Barley Last Year 1 8 22 64 5

Pastures and Ranges This Week 11 20 30 29 10
Pastures and Ranges Last Week 10 20 31 29 10
Pastures and Ranges Last Year 14 20 32 27 7

WHEAT
General Comments: Wheat was missed despite solid export sales reported by USDA. The Winter Wheat harvest is almost over now and the Spring Wheat harvest is active. 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 down. Support is at 496, 490 and 484 September, with resistance at 526, 532, and 541 September. Trends in Kansas City are mixed to down. Support is at 498, 492, and 486 September, with resistance at 549, 552, and 559 September. Trends in Minneapolis are not available.

RICE:
General Comments Rice was a little lower yesterday as the harvest is active in /Texas and Louisiana. Chart trends are mixed on the charts. The cash market has been slow 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. There is more concern about the crops in Arkansas where it has turned very hot. 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 up. Support is at 1255, 1243, and 1237 September and resistance is at 1298, 1319, and 1333 September.

CORN AND OATS
General Comments: Corn and Oats were mostzly a little higher. There still appeared to be speculative selling on widespread record crop production predictions based on additional forecasts for improving weather for the Midwest. Temperatures should average near normal this week and it should be mostly dry. Most of the Midwest has seen adequate or greater precipitation and production ideas are high. Demand for Corn in world markets remains strong.
Overnight News:
Chart Analysis: Trends in Corn are mixed. Support is at 363, 360, and 357 September, and resistance is at 389, 396, and 404 September. Trends in Oats are mixed. Support is at 326, 321, and 315 September, and resistance is at 357, 362, and 370 September.

SOYBEANS
General Comments: Soybeans and Soybean Meal were lower yesterday and Soybean Oil was a little higher. Good growing conditions continue in the Midwest with warm and mostly dry weather in the forecast. Wisconsin and northern Illinois got rains over the weekend. 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: Mexico bought 228,606 tons of US Soybeans.
Analysis: Trends in Soybeans are mixed to up. Support is at 1004, 995, and 983 September, and resistance is at 1029, 1037, and 1050 September. Trends in Soybean Meal are mixed to up. Support is at 277.00, 271.00, and 267.00 September, and resistance is at 291.00, 294.00, and 297.00 September. Trends in Soybean Oil are mixed. Support is at 5160, 5030, and 4940 September, with resistance at 5390, 5490, and 5590 September.

PALM OIL AND CANOLA
General Comments: Palm Oil futures were lower today on some profit taling. Demand for export has been strong to start the month. Futures were also higher today as the increase in ending stocks was not as much as anticipated. 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 lower last week as China had imposed a punishing tariff on Canola imports from Canada in retaliation for Canadian tariff imposed on Chinese goods. Trends are mixed on the daily charts and on the weekly charts. The weather has generally been dry for crop development in the Prairies with warm and dry weather still around.
Overnight News:
Chart Analysis: Trends in Canola are mixed to down. Support is at 635.00, 623.00, and 602.00 November, with resistance at 669.00, 683.00, and 696.00 November. Trends in Palm Oil are up. Support is at 4410, 4340, and 4300 November, with resistance at 4530, 4590, and 4650 November.

DJ Malaysian PM Cash Market Prices for Palm Oil – Aug 19
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
Sep 1102.50 -05.00 Unquoted – –
Oct/Nov/Dec 1107.50 -07.50 Unquoted – –
Jan/Feb/Mar 1105.00 -12.50 Unquoted – –
Apr/May/Jun 1082.50 -10.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Sep 1107.50 -05.00 Unquoted – –
Oct/Nov/Dec 1112.50 -07.50 Unquoted – –
Jan/Feb/Mar 1110.00 -12.50 Unquoted – –
Apr/May/Jun 1087.50 -10.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Sep 1092.50 +02.50 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Sep 1010.00 +02.50 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Sep 4,470.00 00.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Sep 460.00 -03.00 Unquoted – –
($1=MYR4.2215)

DJ China Dalian Grain Futures Closing Prices, Volume – Aug 19
Soybean No. 1
Turnover: 105,100 lots, or .43 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-25 4,139 4,146 4,126 4,131 4,137 4,137 0 7,197 13,089
Nov-25 4,055 4,064 4,039 4,046 4,056 4,052 -4 67,881 177,069
Jan-26 4,047 4,061 4,043 4,047 4,055 4,052 -3 24,928 82,582
Mar-26 4,044 4,058 4,041 4,045 4,052 4,050 -2 2,432 27,314
May-26 4,089 4,101 4,085 4,088 4,096 4,094 -2 1,126 4,277
Jul-26 4,087 4,097 4,083 4,084 4,090 4,090 0 1,536 4,067
Corn
Turnover: 614,735 lots, or 13.49 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-25 2,261 2,266 2,238 2,242 2,267 2,256 -11 124,972 257,404
Nov-25 2,180 2,184 2,167 2,170 2,183 2,176 -7 353,719 925,944
Jan-26 2,170 2,179 2,163 2,165 2,181 2,173 -8 98,425 377,723
Mar-26 2,195 2,199 2,182 2,182 2,201 2,191 -10 22,033 131,739
May-26 2,252 2,254 2,237 2,239 2,254 2,248 -6 12,322 59,441
Jul-26 2,269 2,273 2,256 2,258 2,271 2,266 -5 3,264 14,231
Soymeal
Turnover: 1,595,872 lots, or 4.97 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-25 3,098 3,128 3,096 3,113 3,093 3,115 22 209,476 389,854
Nov-25 3,135 3,158 3,128 3,144 3,123 3,149 26 160,301 593,169
Dec-25 3,173 3,192 3,170 3,171 3,171 3,183 12 32,140 141,079
Jan-26 3,155 3,178 3,152 3,161 3,147 3,167 20 933,541 2,107,908
Mar-26 3,052 3,066 3,046 3,047 3,042 3,057 15 59,864 382,934
May-26 2,848 2,861 2,843 2,844 2,837 2,853 16 175,195 859,048
Jul-26 2,819 2,833 2,816 2,816 2,805 2,824 19 16,601 114,220
Aug-26 2,943 2,952 2,936 2,939 2,926 2,945 19 8,754 18,180
Palm Oil
Turnover: 918,288 lots, or 88.59 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-25 9,566 9,696 9,548 9,588 9,552 9,616 64 87,436 123,902
Oct-25 9,610 9,740 9,584 9,634 9,568 9,658 90 13,802 9,145
Nov-25 9,606 9,722 9,580 9,626 9,586 9,646 60 4,563 8,342
Dec-25 9,616 9,722 9,594 9,618 9,586 9,652 66 565 792
Jan-26 9,602 9,736 9,594 9,640 9,606 9,660 54 785,065 525,990
Feb-26 9,572 9,678 9,562 9,594 9,552 9,616 64 57 1,058
Mar-26 9,496 9,598 9,472 9,536 9,470 9,532 62 51 308
Apr-26 9,410 9,480 9,410 9,442 9,380 9,446 66 8 80
May-26 9,296 9,418 9,284 9,332 9,292 9,354 62 26,710 51,439
Jun-26 9,272 9,282 9,204 9,204 9,172 9,264 92 8 70
Jul-26 9,146 9,146 9,046 9,046 9,070 9,134 64 15 111
Aug-26 9,092 9,100 9,008 9,008 8,962 9,066 104 8 5
Soybean Oil
Turnover: 545,157 lots, or 46.43 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-25 8,546 8,612 8,546 8,554 8,596 8,580 -16 83,430 156,019
Nov-25 8,566 8,632 8,566 8,576 8,600 8,594 -6 7,067 15,451
Dec-25 8,574 8,628 8,568 8,572 8,600 8,592 -8 994 5,403
Jan-26 8,544 8,592 8,526 8,526 8,562 8,552 -10 384,755 750,406
Mar-26 8,436 8,530 8,436 8,480 8,448 8,490 42 680 2,191
May-26 8,146 8,254 8,146 8,206 8,138 8,216 78 68,081 154,588
Jul-26 8,130 8,180 8,130 8,148 8,104 8,166 62 141 328
Aug-26 8,216 8,252 8,212 8,252 8,140 8,226 86 9 14
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