Grains Report 09/09/2025

DJ CBOT Delivery Intentions: Totals – Sep 9
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN OIL September Sep 10, 2025 22 Sep 04, 2025
KC HRW WHEAT September Sep 10, 2025 2 Aug 29, 2025
OATS September Sep 10, 2025 3 Sep 08, 2025
SOYBEAN September Sep 10, 2025 46 Sep 08, 2025

DJ USDA Grain Inspections for Export in Metric Tons – Sep 8
WA_GR101
Washington, DC Mon Sep 8, 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 SEP 04, 2025
— METRIC TONS —
————————————————————————-
CURRENT PREVIOUS
———– WEEK ENDING ———- MARKET YEAR MARKET YEAR
GRAIN 09/04/2025 08/28/2025 09/05/2024 TO DATE TO DATE
BARLEY 416 1,534 0 3,848 4,480
CORN 1,442,910 1,409,720 849,776 649,501 481,989
FLAXSEED 24 0 0 168 192
MIXED 0 998 0 0 0
OATS 0 0 0 2,095 148
RYE 0 0 0 0 0
SORGHUM 0 61,771 5,064 0 4,968
SOYBEANS 452,151 491,428 365,297 248,575 273,588
SUNFLOWER 0 0 48 0 0
WHEAT 424,993 803,760 621,102 7,065,504 6,417,967
Total 2,320,494 2,769,211 1,841,287 7,969,691 7,183,332
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

DJ Canadian Grain, Oilseed Stocks as of July 31, 2025 – StatsCan
WINNIPEG–The following is the Statistics Canada grain and
oilseed stocks in all positions report.
Figures are as of July 31, 2025, in thousand metric tons.
Source: Statistics Canada.
On Farms Commercial Total
July 31 July 31 July 31 July 31 July 31 July 31
2025 2024 2025 2024 2025 2024
Barley 994 878 255 273 1,249 1,152
Canaryseed 74 34 10 10 84 44
Canola 378 1,263 1,219 1,962 1,597 3,225
Chickpeas 36 9 26 21 62 30
Corn .. 1,037 .. 959 .. 1,996
Flaxseed 104 120 30 44 134 164
Lentils 395 27 154 138 549 165
Mustard 130 78 13 10 143 88
Oats 262 434 245 237 507 670
Peas 253 103 236 196 489 299
Rye 108 78 35 13 143 91
Soybeans .. 81 .. 471 .. 552
Sunflower 147 171 4 3 151 175
All wheat 1,715 2,611 2,397 2,667 4,112 5,278
Durum 228 312 268 357 496 669

This Week Last Week Last Year Average
Cotton Setting Bolls 97 90 98 97
Cotton Bolls Opening 40 28 44 39
Cotton Harvested 8 7 6
Corn Dough 95 90 95 95
Corn Dented 74 58 72 75
Corn Mature 25 15 28 25
Corn Harvested 4 5 3
Soybeans Setting Pods 97 94 97 97
Soybeans Dropping Leaves 21 11 23 22
Sorghum Headed 97 94 98 97
Sorghum Coloring 71 58 73 72
Sorghum Mature 37 28 35 33
Sorghum Harvested 20 17 21 21
Peanuts Harvested 1 1 1
Oats Harvested 94 88 83 95
Rice Harvested 45 33 52 36
Spring Wheat Harvested 85 72 83 84
Barley Harvested 87 72 87 87
Winter Wheat Planted 5 5 6

Very Poor Poor Fair Good Excellent
Cotton This Week 2 9 35 46 8
Cotton Last Week 2 11 36 43 8
Cotton Last Year 12 16 32 34 6

Corn This Week 3 6 23 49 19
Corn Last Week 3 6 22 50 19
Corn Last Year 4 8 24 48 16

Soybeans This Week 3 7 26 50 14
Soybeans Last Week 3 7 25 51 14
Soybeans Last Year 3 7 25 52 13

Rice This Week 0 3 23 55 19
Rice Last Week 1 3 20 59 17
Rice Last Year 1 3 16 64 16

Sorghum This Week 3 7 25 47 18
Sorghum Last Week 3 8 25 48 16
Sorghum Last Year 7 13 32 40 8

Peanuts This Week 1 6 28 54 eleven
Peanuts Last Week 0 4 25 60 11
Peanuts Last Year 2 8 32 51 7

Pastures and Ranges This Week 13 22 29 28 8
Pastures and Ranges Last Week 11 20 31 29 9
Pastures and Ranges Last Year 15 24 32 23 6

WHEAT
General Comments: Wheat was higher yesterday with HRW futures leading the way up. Sovecon in Russia raised production estimates to 86.1 million tons, from 85.4 million in its previous estimate, due to increased Spring wheat production found in the Volga valley region. A French government report showed plenty of production but lower quality. The Spring Wheat harvest is active and 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. Russian Black Sea prices have been dropping as late yields have improved. Southern hemisphere crops appear to be good and Australia estimates that production this year will be high.
Overnight News:
Chart Analysis: Trends in Chicago are mixed. Support is at 517, 511 and 505 December, with resistance at 527, 535, and 543 December. Trends in Kansas City are mixed. Support is at 502, 496, and 490 December, with resistance at 520, 523, and 529 December. Trends in Minneapolis are not available.

RICE:
General Comments Rice was lower yesterday and made new lows for the move before rebounding but still closing lower. The harvest is active in Texas and southern Louisiana. Crop condition ratings were mostly good last week. 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. Texas reports average to below average field and milling yields. 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. Harvest is winding down near the Gulf Coast and is increasing in Mississippi and Arkansas.
Overnight News:
Chart Analysis: Trends are down. Support is at 1154, 1148, and 1136 November and resistance is at 1201, 1229, and 1240 November.

CORN AND OATS
General Comments: Corn was higher yesterday on ideas that USDA will cut back on production estimates later this week in the next round of monthly reports. Ideas are still that supplies will be more than ample for the demand, but the current weather and reports of disease has hurt yield potential. This comes as some private forecasters such ad FC Stone, Allendale, and S&P have kept yield estimates extremely high. Ethanol demand was down 6% from last month at 456 million bushels and there are concerns about feed demand moving forward as feeder cattle imports from Mexico have been banned due to reports of screw worm disease in the cattle. There are also ideas that US production might not be super strong due to disease such as rust to offset the demand losses. Temperatures should average near to below normal this week and it should be mostly dry. Most of the western Midwest has seen adequate or greater precipitation and production ideas are high. Areas east of the Mississippi River have been very dry for the last month or more. Demand for Corn in world markets remains strong. Oats were lower and are now testing recent lows.
Overnight News:
Chart Analysis: Trends in Corn are mixed to up. Support is at 414, 410, and 404 December, and resistance is at 425, 430, and 434 December. Trends in Oats are mixed. Support is at 319, 313, and 307 December, and resistance is at 329, 338, and 344 December.

SOYBEANS
General Comments: Soybeans and the products were higher yesterday on the current cool and dry weather seen in the Midwest. The dry weather could hurt pod fill and bean size. A drop in condition ratings by USDA was expected and given as a reason to buy and traders now anticipate that USDA will cut back on yield estimates in its next round of monthly reports later this week. 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 to down. Support is at 1020, 1012, and 1002 November, and resistance is at 1037, 1044, and 1055 November. Trends in Soybean Meal are mixed to down. Support is at 274.00, 270.00, and 266.00 October, and resistance is at 283.00, 288.00, and 290.00 October. Trends in Soybean Oil are mixed to down. Support is at 5040, 4940, and 4840 October, with resistance at 5230, 5340, and 5390 October.

PALM OIL AND CANOLA
General Comments: Palm Oil futures were lower after failing to hold an early rally attempt. 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. However, concerns remain about demand potential. The Canadian government is moving now to support farmers in the face of the Chinese demand loss and also in the face of the Trump tariffs. Trends are down 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 602.00, 596.00, and 590.00 November, with resistance at 652.00, 661.00, and 669.00 November. Trends in Palm Oil are mixed to up. Support is at 4340, 4300, and 4240 November, with resistance at 4530, 4590, and 4650 November.

DJ Malaysian PM Cash Market Prices for Palm Oil – Sep 9
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 1090.00 -02.50 Unquoted – –
Oct 1097.50 00.00 Unquoted – –
Nov 1107.50 00.00 Unquoted – –
Jan/Feb/Mar 1110.00 -02.50 Unquoted – –
Apr/May/Jun 1090.00 -02.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Sep 1095.00 -02.50 Unquoted – –
Oct 1102.50 00.00 Unquoted – –
Nov 1112.50 00.00 Unquoted – –
Jan/Feb/Mar 1115.00 -02.50 Unquoted – –
Apr/May/Jun 1095.00 -02.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Sep 1075.00 +02.50 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Sep 1030.00 +10.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Sep 4,400.00 +70.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Sep 477.00 +03.00 Unquoted – –
($1=MYR4.204)

DJ China Dalian Grain Futures Closing Prices, Volume – Sep 09
Soybean No. 1
Turnover: 83,526 lots, or 3.32 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-25 – – – 4,067 4,067 4,067 0 2 93
Nov-25 3,973 3,981 3,963 3,968 3,973 3,971 -2 61,700 192,370
Jan-26 3,976 3,979 3,962 3,969 3,973 3,970 -3 17,689 106,748
Mar-26 3,976 3,980 3,963 3,970 3,974 3,971 -3 1,964 29,418
May-26 4,028 4,028 4,009 4,014 4,019 4,016 -3 710 6,495
Jul-26 4,023 4,027 4,011 4,016 4,023 4,018 -5 1,461 5,662
Corn
Turnover: 880,741 lots, or 19.48 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-25 2,285 2,285 2,285 2,285 2,285 2,285 0 958 13,364
Nov-25 2,231 2,234 2,207 2,214 2,226 2,215 -11 593,118 881,630
Jan-26 2,211 2,211 2,181 2,188 2,203 2,191 -12 212,314 422,662
Mar-26 2,214 2,218 2,195 2,204 2,212 2,204 -8 34,475 162,416
May-26 2,268 2,272 2,251 2,254 2,266 2,258 -8 21,536 78,661
Jul-26 2,275 2,278 2,260 2,262 2,274 2,266 -8 18,340 24,043
Soymeal
Turnover: 968,764 lots, or 29.29 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-25 – – – 3,031 3,031 3,031 0 0 2,988
Nov-25 3,050 3,053 3,029 3,041 3,051 3,042 -9 64,277 539,974
Dec-25 3,091 3,099 3,076 3,090 3,091 3,090 -1 13,785 140,164
Jan-26 3,080 3,086 3,065 3,075 3,079 3,076 -3 689,359 2,002,836
Mar-26 3,008 3,010 2,990 2,997 3,007 2,999 -8 28,203 358,263
May-26 2,810 2,813 2,793 2,800 2,811 2,802 -9 149,830 983,180
Jul-26 2,785 2,791 2,777 2,778 2,792 2,781 -11 20,740 138,450
Aug-26 2,914 2,919 2,905 2,907 2,918 2,909 -9 2,570 26,359
Palm Oil
Turnover: 618,619 lots, or 58.52 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-25 9,390 9,494 9,390 9,480 9,320 9,478 158 73 1,108
Oct-25 9,458 9,476 9,396 9,450 9,422 9,436 14 7,282 7,096
Nov-25 9,452 9,470 9,398 9,452 9,414 9,434 20 2,583 11,162
Dec-25 9,470 9,488 9,424 9,474 9,434 9,458 24 637 1,312
Jan-26 9,474 9,506 9,428 9,486 9,438 9,470 32 579,029 451,516
Feb-26 9,400 9,458 9,400 9,450 9,400 9,410 10 34 1,224
Mar-26 9,386 9,424 9,378 9,418 9,386 9,394 8 56 639
Apr-26 9,300 9,344 9,300 9,344 9,284 9,326 42 16 73
May-26 9,250 9,284 9,202 9,266 9,218 9,246 28 28,892 76,186
Jun-26 9,172 9,172 9,130 9,150 9,122 9,156 34 8 76
Jul-26 9,066 9,066 9,030 9,048 9,038 9,052 14 6 148
Aug-26 8,992 8,992 8,954 8,954 8,956 8,966 10 3 43
Soybean Oil
Turnover: 281,087 lots, or 23.56 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-25 7,916 8,490 7,916 8,454 8,420 8,286 -134 145 1,952
Nov-25 8,442 8,482 8,422 8,434 8,432 8,448 16 4,535 18,477
Dec-25 8,468 8,500 8,444 8,454 8,454 8,466 12 791 6,000
Jan-26 8,424 8,454 8,392 8,408 8,408 8,418 10 238,015 631,743
Mar-26 8,362 8,380 8,322 8,336 8,326 8,336 10 83 1,706
May-26 8,132 8,164 8,098 8,112 8,110 8,122 12 37,378 220,005
Jul-26 8,078 8,110 8,056 8,068 8,062 8,080 18 134 361
Aug-26 8,094 8,108 8,068 8,068 8,052 8,086 34 6 35
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