Grains Report 08/26/2025

This Week Last Week Last Year Average
Cotton Setting Bolls 81 73 88 87
Cotton Bolls Opening 20 13 24 22
Corn Dough 83 72 83 84
Corn Dented 44 27 44 44
Corn Mature 7 3 10 7
Soybeans Setting Pods 89 82 86 89
Soybeans Dropping Leaves 4 6 4
Sorghum Headed 88 78 89 88
Sorghum Coloring 44 34 47 46
Sorghum Mature 23 18 22 21
Sorghum Harvested 16 18 17
Oats Harvested 80 69 76 80
Rice Headed 96 92 97 95
Rice Harvested 25 17 31 20
Winter Wheat Harvested 98 94 99 98
Spring Wheat Harvested 53 36 48 54
Barley Harvested 56 37 45 57

Very Poor Poor Fair Good Excellent
Cotton This Week 3 10 33 43 11
Cotton Last Week 4 10 31 43 12
Cotton Last Year 12 16 32 34 6

Corn This Week 2 6 21 51 20
Corn Last Week 2 6 21 50 21
Corn Last Year 5 8 22 49 16

Soybeans This Week 2 6 23 54 15
Soybeans Last Week 2 6 24 55 15
Soybeans Last Year 2 7 24 54 13

Rice This Week 1 3 22 55 19
Rice Last Week 0 3 22 55 20
Rice Last Year 0 4 17 64 15

Sorghum This Week 3 8 26 47 16
Sorghum Last Week 3 7 27 46 17
Sorghum Last Year 7 13 32 40 8

Peanuts This Week 0 3 23 62 twelve
Peanuts Last Week 0 3 25 60 12
Peanuts Last Year 1 5 30 58 6

Spring Wheat This Week 4 14 33 43 6
Spring Wheat Last Week 4 14 32 45 5
Spring Wheat Last Year 3 7 21 56 13

Barley This Week 5 18 35 40 2
Barley Last Week 3 14 39 42 2
Barley Last Year 3 11 21 60 5

Pastures and Ranges This Week 11 21 31 28 9
Pastures and Ranges Last Week 11 20 30 29 10
Pastures and Ranges Last Year 15 24 31 25 5

DJ USDA Grain Inspections for Export in Metric Tons – Aug 25
WA_GR101
Washington, DC Mon Aug 25, 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 21, 2025
— METRIC TONS —
————————————————————————-
CURRENT PREVIOUS
———– WEEK ENDING ———- MARKET YEAR MARKET YEAR
GRAIN 08/21/2025 08/14/2025 08/22/2024 TO DATE TO DATE
BARLEY 347 841 122 1,874 4,480
CORN 1,305,325 1,051,695 940,155 65,525,901 51,100,890
FLAXSEED 24 24 24 144 192
MIXED 0 0 0 122 596
OATS 0 0 0 2,095 148
RYE 0 0 0 0 0
SORGHUM 0 84,367 118,313 2,156,590 5,910,345
SOYBEANS 382,806 502,794 419,563 49,279,891 44,214,289
SUNFLOWER 0 0 0 0 7,325
WHEAT 946,472 400,227 552,372 5,762,969 5,192,440
Total 2,634,974 2,039,948 2,030,549 122,729,586 106,430,705
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

WHEAT
General Comments: Wheat was mostly a little higher yesterday. 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. Reports from Russia indicate that later weather has improved and that somewhat higher yields than were forecast earlier are now possible. Southern hemisphere crops appear to be good.
Overnight News:
Chart Analysis: Trends in Chicago are mixed. Support is at 495, 490 and 484 September, with resistance at 526, 532, and 541 September. Trends in Kansas City are mixed to down. Support is at 496, 492, and 486 September, with resistance at 549, 552, and 559 September. Trends in Minneapolis are not available.

RICE:
General Comments Rice was higher yesterday in recovery trading after the dramatic selloff seen last week as the harvest is active in /Texas and Louisiana. Chart trends are down 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 down. Support is at 1140, 1132, and 1120 September and resistance is at 1177, 1220, and 1240 September.

CORN AND OATS
General Comments: Corn was higher on ideas that the Pro Farmer tour did not back up USDA yield projections, especially east of the Mississippi River. There still appeared to be speculative selling on widespread record crop production predictions based on additional forecasts for improving weather for the Midwest, but there was more short covering from speculators and commercial buying. Temperatures should average below 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. Pro Farmer on Friday estimated Corn yields at 182.7 bu/acre, below USDA estimates and much of the trade. Oats were lower and made new lows for the move.
Overnight News:
Chart Analysis: Trends in Corn are mixed. Support is at 385, 382, and 378 September, and resistance is at 396, 404, and 411 September. Trends in Oats are mixed. Support is at 309, 303, and 297 September, and resistance is at 326, 333, and 338 September.

SOYBEANS
General Comments: Soybeans and the products were lower after reports released last week of strong yield potential from the Pro Farmer tour with both tour groups finding strong yield potential in the east and the west. China has not bought US Soybeans yet and traders are worried that demand for the new crop will be a lot less this year. Good growing conditions continue in the Midwest with cool and mostly dry weather in the forecast. Prices are still 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. Pro Farmer released its production estimates from the tour it took last week. Soybeans yields were estimated at 53 bushels per acre, a new record and above trade estimates and USDA estimates.
Overnight News:
Analysis: Trends in Soybeans are mixed to up. Support is at 1023, 1016, and 1008 September, and resistance is at 1050, 1067, and 1074 September. Trends in Soybean Meal are mixed to up. Support is at 277.00, 271.00, and 267.00 September, and resistance is at 307.00, 309.00, and 312.00 September. Trends in Soybean Oil are mixed to up. Support is at 5320, 5120, and 5030 September, with resistance at 5600, 5720, and 5840 September.

PALM OIL AND CANOLA
General Comments: Palm Oil futures were lower today on ides of weaker demand following the recent rally in futures and also the rally in the Ringgit. 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 higher along with the price action in Chicago. 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. Support is at 635.00, 623.00, and 602.00 November, with resistance at 676.00, 683.00, and 696.00 November. Trends in Palm Oil are mixed to 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 26
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
Sep 1090.00 -10.00 Unquoted – –
Oct/Nov/Dec 1097.50 -05.00 Unquoted – –
Jan/Feb/Mar 1102.50 -02.50 Unquoted – –
Apr/May/Jun 1080.00 -02.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Sep 1095.00 -10.00 Unquoted – –
Oct/Nov/Dec 1102.50 -05.00 Unquoted – –
Jan/Feb/Mar 1107.50 -02.50 Unquoted – –
Apr/May/Jun 1085.00 -02.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Sep 1077.50 -02.50 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Sep 1010.00 00.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Sep 4,410.00 -30.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Sep 464.00 -04.00 Unquoted – –
($1=MYR4.2135)

DJ China Dalian Grain Futures Closing Prices, Volume – Aug 26
Soybean No. 1
Turnover: 135,601 lots, or 5.42 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-25 4,114 4,135 4,069 4,109 4,114 4,096 -18 3,252 3,832
Nov-25 3,996 4,007 3,971 3,974 3,998 3,988 -10 85,026 211,926
Jan-26 4,004 4,010 3,976 3,979 4,003 3,992 -11 37,785 97,526
Mar-26 4,010 4,019 3,982 3,988 4,010 3,999 -11 6,642 30,740
May-26 4,055 4,062 4,026 4,032 4,054 4,043 -11 1,436 5,528
Jul-26 4,060 4,066 4,034 4,037 4,056 4,049 -7 1,460 4,726
Corn
Turnover: 520,731 lots, or 11.28 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-25 2,200 2,212 2,200 2,210 2,212 2,206 -6 44,095 84,969
Nov-25 2,154 2,163 2,150 2,158 2,164 2,157 -7 346,257 1,004,013
Jan-26 2,158 2,170 2,156 2,164 2,166 2,163 -3 102,777 404,761
Mar-26 2,175 2,188 2,175 2,182 2,183 2,181 -2 16,421 135,014
May-26 2,236 2,240 2,233 2,235 2,236 2,236 0 6,710 68,782
Jul-26 2,252 2,257 2,251 2,253 2,254 2,253 -1 4,471 15,361
Soymeal
Turnover: 1,550,266 lots, or 47.30 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-25 3,063 3,071 3,031 3,031 3,061 3,046 -15 70,181 108,047
Nov-25 3,095 3,095 3,051 3,053 3,080 3,069 -11 81,874 558,614
Dec-25 3,132 3,137 3,094 3,094 3,122 3,112 -10 13,611 141,617
Jan-26 3,122 3,128 3,080 3,081 3,110 3,097 -13 1,097,489 2,053,457
Mar-26 3,037 3,047 3,015 3,016 3,031 3,027 -4 39,833 372,587
May-26 2,845 2,853 2,828 2,837 2,841 2,841 0 226,785 943,879
Jul-26 2,840 2,842 2,821 2,833 2,832 2,832 0 13,968 117,760
Aug-26 2,963 2,965 2,945 2,957 2,955 2,957 2 6,525 25,298
Palm Oil
Turnover: 708,760 lots, or 6.75 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-25 9,480 9,516 9,412 9,424 9,530 9,460 -70 29,423 31,104
Oct-25 9,568 9,602 9,490 9,494 9,604 9,542 -62 11,008 9,789
Nov-25 9,590 9,600 9,482 9,482 9,602 9,536 -66 2,523 8,454
Dec-25 9,592 9,602 9,484 9,484 9,604 9,536 -68 498 884
Jan-26 9,610 9,618 9,486 9,500 9,614 9,544 -70 635,579 522,571
Feb-26 9,546 9,546 9,442 9,450 9,564 9,488 -76 66 1,060
Mar-26 9,470 9,470 9,388 9,404 9,494 9,434 -60 142 327
Apr-26 9,400 9,406 9,336 9,360 9,408 9,374 -34 38 80
May-26 9,320 9,336 9,230 9,238 9,324 9,278 -46 29,464 63,378
Jun-26 9,140 9,176 9,138 9,176 9,184 9,158 -26 8 70
Jul-26 9,042 9,048 9,016 9,016 9,086 9,036 -50 8 117
Aug-26 8,964 8,966 8,964 8,966 8,948 8,964 16 3 13
Soybean Oil
Turnover: 452,997 lots, or 38.32 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-25 8,560 8,584 8,530 8,536 8,514 8,554 40 25,058 37,839
Nov-25 8,536 8,558 8,494 8,494 8,500 8,516 16 5,454 14,712
Dec-25 8,526 8,576 8,510 8,512 8,520 8,542 22 849 5,496
Jan-26 8,504 8,534 8,454 8,456 8,472 8,492 20 365,053 698,607
Mar-26 8,438 8,466 8,398 8,398 8,380 8,438 58 103 1,706
May-26 8,198 8,234 8,152 8,156 8,164 8,194 30 56,358 192,306
Jul-26 8,144 8,150 8,090 8,100 8,104 8,122 18 114 292
Aug-26 8,146 8,146 8,104 8,104 8,112 8,114 2 8 22
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