Grains Report 08/28/2025

DJ Statistics Canada Crop Production Report – Aug 28
WINNIPEG – Canada 2025-26 grain/oilseed survey-based production estimates.
Source: Statistics Canada. Production in thousand metric tons, yield in
kg/hectare, area harvested in thousand hectares.
Harvested Avg Production
area yield 2025-26 2024-25
AUG FINAL
barley 2,232.8 3,579 7,991.3 8,143.9
edible beans 145.5 2,424 352.7 424.1
canaryseed 125.8 1,216 152.9 185.3
canola 8,669.6 2,300 19,937.0 19,239.5
chickpeas 213.8 1,445 308.9 286.8
corn 1,493.9 10,411 15,552.5 15,344.9
faba beans N/A N/A N/A 87.8
flaxseed 241.5 1,358 327.9 258.0
lentils 1,748.2 1,519 2,655.2 2,431.3
mixed grains 51.6 2,683 138.5 151.9
mustard 140.6 956 134.3 192.3
oats 981.3 3,457 3,392.7 3,357.6
dry peas 1,384.9 2,461 3,408.3 2,997.4
fall rye* 174.8 3,171 554.3 420.9
soybeans 2,320.3 3,024 7,016.5 7,568.0
sugar beets N/A N/A N/A 1,444.9
sunflower seed 26.6 2,239 59.6 50.7
triticale N/A N/A N/A 100.6
all wheat 10,658.6 3,335 35,547.8 35,938.8
durum wheat 2,574.4 2,361 6,078.0 6,380.3
spring wheat 7,454.0 3,487 25,992.0 26,515.2
winter wheat* 630.2 5,519 3,477.8 3,043.4
*Fall rye and winter wheat numbers represent what was remaining
after winterkill.
Source: MarketsFarm (news@marketsfarm.com, or 204-414-9084)

DJ U.S. Export Sales: Weekly Sales Totals-Aug 28
For the week ended Aug 21, in thousand metric tons, except cotton in
thousand running bales. Net changes in commitments are gross sales,
less cancellations, buy-backs and other downward adjustments. Total
commitments are total export shipments plus total sales.
The marketing year for wheat and barley began Jun 1, cotton and
and rice Aug 1, corn, soybeans and sorghum Sep 1, and soymeal and
soyoil Oct 1. Source: USDA
wk’s net chg total
in commitments commitments undlvd sales
this yr next yr this yr last yr this yr next yr
wheat 579.8 0.0 12104.8 9870.6 6503.1 9.4
hrw 185.8 0.0 5023.6 2393.6 2629.5 0.0
srw 74.0 0.0 1745.4 1643.9 857.6 9.4
hrs 132.0 0.0 2991.0 3199.2 1612.3 0.0
white 167.9 0.0 2155.0 2479.6 1329.6 0.0
durum 20.2 0.0 189.7 154.3 74.0 0.0
corn -17.8 2089.7 70474.6 55951.0 3886.9 18774.9
soybeans -189.2 1372.6 50868.7 45597.1 1573.1 7227.7
soymeal 47.3 214.8 15644.6 13850.7 2130.7 2539.1
soyoil 11.4 7.1 1103.1 232.2 41.2 23.0
upland cotton 179.3 0.0 3412.1 4440.8 3033.6 217.1
pima cotton 3.9 0.0 98.1 105.4 67.6 0.0
sorghum -0.4 30.0 1795.7 5861.3 100.5 127.3
barley 0.4 0.0 46.8 20.1 29.2 0.0
rice 16.4 0.0 549.6 690.0 442.1 0.0

WHEAT
General Comments: Wheat was lower yesterday and gave back most of the gains seen earlier in the week in response to word of lower prices being paid in Russia. The Spring Wheat harvest is active an the Winter Wheat harvest is done. 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. 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 490, 484 and 478 September, with resistance at 526, 532, and 541 September. Trends in Kansas City are mixed to down. Support is at 480, 474, and 468 September, with resistance at 549, 552, and 559 September. Trends in Minneapolis are not available.

RICE:
General Comments Rice was sharply lower yesterday and gave back gains seen earlier in the week as the harvest is active in /Texas and Louisiana. Chart trends are still mostly 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. Crop condition slipped slightly in the USDA reports released on Monday.
Overnight News:
Chart Analysis: Trends are down. Support is at 1140, 1132, and 1120 September and resistance is at 1188, 1220, and 1240 September.

CORN AND OATS
General Comments: Corn was lower on ideas that supplies will be more than ample for the demand. There was speculative selling on widespread record crop production predictions based on additional forecasts for improving weather for the Midwest. 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. Oats were mostly higher, but September closed a little lower.
Overnight News:
Chart Analysis: Trends in Corn are mixed. Support is at 382, 378, and 370 September, and resistance is at 396, 404, and 411 September. Trends in Oats are down. Support is at 297, 291, and 285 September, and resistance is at 326, 333, and 338 September.

SOYBEANS
General Comments: Soybeans were lower on ideas of strong yield potential from the current cool and dry weather seen in the Midwest. Both products were lower. 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.
Overnight News:
Analysis: Trends in Soybeans are mixed. Support is at 1016, 1008, and 1002 September, and resistance is at 1050, 1067, and 1074 September. Trends in Soybean Meal are mixed. 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. Support is at 5120, 5090, and 5030 September, with resistance at 5340, 5490, and 5560 September.

PALM OIL AND CANOLA
General Comments: Palm Oil futures were higher today. 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 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 663.00, 676.00, and 683.00 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 28
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Thursday, 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 1082.50 -15.00 Unquoted – –
Oct/Nov/Dec 1087.50 -15.00 Unquoted – –
Jan/Feb/Mar 1097.50 -07.50 Unquoted – –
Apr/May/Jun 1077.50 -05.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Sep 1087.50 -15.00 Unquoted – –
Oct/Nov/Dec 1092.50 -15.00 Unquoted – –
Jan/Feb/Mar 1102.50 -07.50 Unquoted – –
Apr/May/Jun 1082.50 -05.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Sep 1062.50 -15.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Sep 1007.50 -02.50 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Sep 4,390.00 -40.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Sep 465.00 00.00 Unquoted – –
($1=MYR4.218)

DJ China Dalian Grain Futures Closing Prices, Volume – Aug 28
Soybean No. 1
Turnover: 147,340 lots, or 5.80 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-25 4,094 4,097 4,081 4,092 4,086 4,087 1 859 2,702
Nov-25 3,935 3,955 3,917 3,927 3,956 3,933 -23 103,402 227,907
Jan-26 3,936 3,954 3,922 3,931 3,959 3,934 -25 36,398 105,266
Mar-26 3,942 3,960 3,927 3,937 3,966 3,940 -26 3,900 31,890
May-26 3,987 4,003 3,969 3,980 4,005 3,982 -23 1,210 6,017
Jul-26 3,993 4,010 3,974 3,984 4,013 3,990 -23 1,571 5,097
Corn
Turnover: 977,733 lots, or 21.35 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-25 2,229 2,259 2,224 2,245 2,213 2,244 31 32,230 50,094
Nov-25 2,168 2,187 2,166 2,185 2,159 2,178 19 698,709 992,294
Jan-26 2,169 2,184 2,169 2,183 2,165 2,177 12 177,569 410,500
Mar-26 2,188 2,203 2,188 2,200 2,184 2,195 11 31,418 135,760
May-26 2,240 2,249 2,234 2,249 2,234 2,243 9 20,841 68,559
Jul-26 2,256 2,265 2,247 2,261 2,251 2,256 5 16,966 15,806
Soymeal
Turnover: 1,533,081 lots, or 4.61 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-25 2,992 3,009 2,978 2,989 3,005 2,992 -13 49,199 38,589
Nov-25 3,005 3,029 2,995 3,007 3,021 3,012 -9 84,333 550,972
Dec-25 3,048 3,071 3,036 3,048 3,063 3,054 -9 14,605 139,586
Jan-26 3,044 3,064 3,027 3,039 3,055 3,046 -9 1,114,536 2,052,391
Mar-26 2,996 3,010 2,977 2,984 2,999 2,992 -7 46,282 374,161
May-26 2,829 2,834 2,809 2,814 2,827 2,821 -6 203,127 964,231
Jul-26 2,823 2,829 2,802 2,807 2,823 2,815 -8 16,415 124,139
Aug-26 2,950 2,957 2,932 2,935 2,951 2,945 -6 4,584 25,683
Palm Oil
Turnover: 911,382 lots, or 86.24 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-25 9,436 9,458 9,336 9,344 9,432 9,388 -44 18,719 12,224
Oct-25 9,476 9,536 9,384 9,388 9,498 9,466 -32 12,720 10,137
Nov-25 9,490 9,524 9,382 9,388 9,494 9,454 -40 4,823 8,669
Dec-25 9,508 9,524 9,400 9,404 9,508 9,466 -42 1,194 952
Jan-26 9,518 9,540 9,404 9,414 9,518 9,476 -42 832,734 504,743
Feb-26 9,470 9,480 9,372 9,372 9,476 9,410 -66 99 1,078
Mar-26 9,408 9,434 9,318 9,328 9,414 9,370 -44 258 385
Apr-26 9,328 9,370 9,250 9,250 9,374 9,304 -70 33 80
May-26 9,250 9,282 9,146 9,154 9,266 9,214 -52 40,752 68,854
Jun-26 9,096 9,150 9,036 9,036 9,142 9,116 -26 24 67
Jul-26 8,978 9,022 8,918 8,918 9,018 8,980 -38 24 133
Aug-26 8,900 8,900 8,900 8,900 8,956 8,900 -56 2 14
Soybean Oil
Turnover: 371,896 lots, or 3.11 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-25 8,468 8,482 8,438 8,442 8,492 8,452 -40 12,280 18,972
Nov-25 8,434 8,448 8,396 8,402 8,452 8,418 -34 6,428 15,569
Dec-25 8,454 8,468 8,422 8,424 8,470 8,442 -28 912 5,527
Jan-26 8,408 8,420 8,368 8,372 8,418 8,390 -28 308,404 668,446
Mar-26 8,340 8,366 8,316 8,320 8,352 8,342 -10 168 1,714
May-26 8,114 8,140 8,090 8,104 8,128 8,114 -14 43,648 195,454
Jul-26 8,080 8,088 8,056 8,066 8,068 8,068 0 45 323
Aug-26 8,070 8,070 7,992 8,006 8,068 8,038 -30 11 17
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