About The Author

Jack Scoville

Jack Scoville is an often quoted market analyst in the grain and soft commodities sectors. You will find his commentary throughout the Reuters, Wall Street Journal, Dow Jones, Bloomberg, and Barron's publications. Contact Mr. Scoville at (312) 264-4322

Visit Website →

Grains Report 10/16/2025

By Jack Scoville On October 16, 2025 - 9:37 AM · In Market Commentaries, Morning Grains & Softs Report

DJ CBOT Delivery Intentions: Totals – Oct 16

Source: CME Group

Contract Quantity Next Trade

Commodity Month Delivery Day Assigned Today Date Available

SOYBEAN OIL October Oct 17, 2025 58 Oct 14, 2025

WHEAT

General Comments: Wheat closed slightly lower yesterday. No USDA reports were released due to the government shutdown. Russian crop areas remain too dry in Winter Wheat areas and too wet in Spring Wheat areas, but crop size ideas are expected to increase due to reports of big yields in Spring Wheat growing areas. A French government report showed plenty of production but lower quality. Rains have been good in the northern Great Plains and Canada. It has been warm in the Great Plains so far this Fall. Southern hemisphere crops appear to be good.

Overnight News:

Chart Analysis: Trends in Chicago are mixed to down. Support is at 492, 490 and 484 December, with resistance at 507, 513, and 518 December. Trends in Kansas City are mixed. Support is at 477, 472, and 466 December, with resistance at 496, 501, and 507 December. Trends in Minneapolis are not available.

RICE:

General Comments Rice was lower on speculative selling yesterday. Trends are turning down in the market. The harvest is wrapping up in Texas and southern Louisiana. Harvest is now wrapping up in Mississippi and Arkansas. Yields and quality are mixed, but quality appears better than a year ago. The cash market has been slow with low bids from buyers in domestic markets and average or less export demand. Louisiana reports good but not great yields and quality.

Overnight News:

Chart Analysis: Trends are mixed. Support is at 1052, 1040, and 1028 November and resistance is at 1098, 1126, and 1145 November.

CORN AND OATS

General Comments: Corn was a little higher again yesterday with the government still closed. Most USDA reports are cancelled. The harvest is expanding. There are ideas that US production might not be super strong due to disease such as rust to offset the demand losses. Yield reports are showing at or above APH yields in western areas, with very good crops reported in Minnesota. Yields have been reported at or less than APH in areas east of the Mississippi River. Temperatures should average near to above normal this week and there are forecasts for mostly dry conditions. 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 moderate to strong. Oats were lower.

Overnight News:

Chart Analysis: Trends in Corn are mixed. Support is at 408, 405, and 402 December, and resistance is at 424, 428, and 431 December. Trends in Oats are down. Support is at 283, 277, and 271 December, and resistance is at 300, 308, and 311 December.

SOYBEANS

General Comments: Soybeans and the products were a little higher as the trade war between the US and China continued. China has shown no interest in buying US ag products and Trump has now threatened to regulate cooking oil imports from China in a new escalation in the war. Forecasts call for mostly dry conditions to be seen in the Midwest this and next week. Temperatures will average near or above normal. 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 due to the Trump tariff regime.

Overnight News:

Analysis: Trends in Soybeans are mixed to down. Support is at 994, 981, and 970 November, and resistance is at 1021, 1030, and 1036 November. Trends in Soybean Meal are mixed. Support is at 271.00, 268.00, and 265.00 December, and resistance is at 282.00, 286.00, and 290.00 December. Trends in Soybean Oil are mixed. Support is at 4920, 4890, and 4770 December, with resistance at 5160, 5220, and 5390 December.

PALM OIL AND CANOLA

General Comments: Palm Oil futures were higher today on news that Indonesia was considering increasing a tax on exports of Crude Palm Oil and overall bullish sentiment. Canola was higher. Trends are mixed on the daily charts and on the weekly charts.

Overnight News:

Chart Analysis: Trends in Canola are mixed. Support is at 596.00, 590.00, and 584.00 November, with resistance at 625.00, 630.00, and 640.00 November. Trends in Palm Oil are mixed to up. Support is at 4450, 4390, and 4340 December, with resistance at 4580, 4620, and 4680 December.

DJ Malaysian PM Cash Market Prices for Palm Oil – Oct 16

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

Oct 1087.50 +02.50 Unquoted – –

Nov 1092.50 +05.00 Unquoted – –

Dec 1100.00 +02.50 Unquoted – –

Jan/Feb/Mar 1110.00 +05.00 Unquoted – –

Apr/May/Jun 1100.00 +05.00 Unquoted – –

RBD palm olein, FOB, Malaysian ports

Offer Change Bid Change Traded

Oct 1092.50 +02.50 Unquoted – –

Nov 1097.50 +05.00 Unquoted – –

Dec 1105.00 +02.50 Unquoted – –

Jan/Feb/Mar 1115.00 +05.00 Unquoted – –

Apr/May/Jun 1105.00 +05.00 Unquoted – –

RBD palm stearin, FOB, Malaysian ports

Offer Change Bid Change Traded

Oct 1060.00 00.00 Unquoted – –

Palm Fatty Acid Distillate, FOB Malaysian ports

Offer Change Bid Change Traded

Oct 1035.00 00.00 Unquoted – –

Crude palm oil, Delivered Basis, South Malaysia

Offer Change Bid Change Traded

Oct 4,430.00 00.00 Unquoted – –

Palm kernel oil, Delivered Basis, South Malaysia

Offer Change Bid Change Traded

Oct 469.00 -01.00 Unquoted – –

($1=MYR4.227)

DJ China Dalian Grain Futures Closing Prices, Volume – Oct 16

Soybean No. 1

Turnover: 230,431 lots, or 9.26 billion yuan

Open High Low Close Prev. Settle Ch. Vol Open

Settle Interest

Nov-25 3,971 4,023 3,971 4,000 3,969 4,000 31 54,655 61,057

Jan-26 4,002 4,040 3,995 4,018 3,988 4,020 32 156,626 202,715

Mar-26 4,001 4,039 3,997 4,020 3,992 4,022 30 11,613 41,703

May-26 4,026 4,071 4,026 4,054 4,026 4,053 27 3,437 11,516

Jul-26 4,032 4,066 4,028 4,045 4,025 4,049 24 3,925 13,369

Sep-26 4,033 4,068 4,032 4,047 4,026 4,053 27 175 1,061

Corn

Turnover: 898,597 lots, or 19.18 billion yuan

Open High Low Close Prev. Settle Ch. Vol Open

Settle Interest

Nov-25 2,107 2,117 2,099 2,111 2,097 2,106 9 352,172 366,108

Jan-26 2,124 2,138 2,123 2,136 2,119 2,131 12 375,510 727,244

Mar-26 2,157 2,167 2,156 2,166 2,148 2,161 13 76,750 345,173

May-26 2,218 2,236 2,216 2,235 2,208 2,227 19 70,421 163,979

Jul-26 2,232 2,249 2,230 2,247 2,223 2,240 17 21,897 64,700

Sep-26 2,247 2,265 2,247 2,262 2,238 2,255 17 1,847 2,722

Soymeal

Turnover: 955,505 lots, or 27.54 billion yuan

Open High Low Close Prev. Settle Ch. Vol Open

Settle Interest

Nov-25 2,885 2,905 2,882 2,884 2,894 2,893 -1 64,034 196,198

Dec-25 2,932 2,940 2,921 2,921 2,930 2,931 1 5,734 158,941

Jan-26 2,913 2,925 2,906 2,907 2,914 2,915 1 662,721 1,982,359

Mar-26 2,897 2,907 2,890 2,891 2,893 2,896 3 45,047 451,027

May-26 2,738 2,751 2,734 2,742 2,737 2,741 4 151,095 1,031,459

Jul-26 2,723 2,733 2,720 2,724 2,721 2,725 4 15,942 172,328

Aug-26 2,848 2,853 2,843 2,848 2,845 2,848 3 2,302 38,288

Sep-26 2,859 2,861 2,849 2,853 2,850 2,854 4 8,630 69,669

Palm Oil

Turnover: 432,684 lots, or 40.32 billion yuan

Open High Low Close Prev. Settle Ch. Vol Open

Settle Interest

Oct-25 – – – 9,120 9,120 9,120 0 0 100

Nov-25 9,242 9,282 9,194 9,218 9,210 9,236 26 4,538 7,898

Dec-25 9,280 9,320 9,236 9,260 9,262 9,278 16 1,979 7,649

Jan-26 9,330 9,374 9,282 9,312 9,316 9,326 10 383,828 348,046

Feb-26 9,326 9,366 9,310 9,310 9,330 9,328 -2 177 1,387

Mar-26 9,342 9,366 9,296 9,326 9,322 9,336 14 227 900

Apr-26 9,306 9,340 9,296 9,312 9,290 9,322 32 59 344

May-26 9,246 9,294 9,216 9,258 9,228 9,256 28 41,021 124,961

Jun-26 9,158 9,196 9,142 9,170 9,142 9,168 26 20 129

Jul-26 9,064 9,110 9,054 9,070 9,056 9,078 22 17 179

Aug-26 9,000 9,024 8,964 8,980 8,976 9,000 24 14 56

Sep-26 8,930 8,994 8,902 8,956 8,896 8,952 56 804 2,481

Soybean Oil

Turnover: 263,608 lots, or 21.65 billion yuan

Open High Low Close Prev. Settle Ch. Vol Open

Settle Interest

Nov-25 8,254 8,272 8,226 8,258 8,246 8,248 2 4,190 10,667

Dec-25 8,290 8,318 8,270 8,304 8,280 8,294 14 668 8,324

Jan-26 8,250 8,280 8,232 8,256 8,244 8,252 8 206,748 498,180

Mar-26 8,196 8,238 8,196 8,206 8,198 8,214 16 111 1,545

May-26 8,050 8,076 8,032 8,062 8,040 8,054 14 49,002 244,717

Jul-26 8,006 8,020 7,990 8,006 7,982 8,004 22 85 653

Aug-26 8,014 8,016 8,002 8,002 7,968 8,010 42 5 80

Sep-26 7,966 7,986 7,940 7,976 7,946 7,966 20 2,799 4,068

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.

DJ Malaysian PM Cash Market Prices for Palm Oil – March 28

The following are prices for Malaysian palm oil in the cash market at 1000 GMT Friday, supplied by commodity broker Matthes & Porton Bhd.

Refined, bleached and deodorized palm oil, FOB, Malaysian ports

Offer Change Bid Change Traded

Apr 1135.00 +15.00 Unquoted – –

Apr/May/Jun 1092.50 +20.00 Unquoted – –

Jul/Aug/Sep 1012.50 +17.50 Unquoted – –

Oct/Nov/Dec 1002.50 +15.00 Unquoted – –

Jan/Feb/Mar 1007.50 +12.50 Unquoted – –

RBD palm olein, FOB, Malaysian ports

Offer Change Bid Change Traded

Apr 1140.00 +15.00 Unquoted – –

Apr/May/Jun 1097.50 +20.00 Unquoted – –

Jul/Aug/Sep 1017.50 +17.50 Unquoted – –

Oct/Nov/Dec 1007.50 +15.00 Unquoted – –

Jan/Feb/Mar 1012.50 +12.50 Unquoted – –

RBD palm stearin, FOB, Malaysian ports

Offer Change Bid Change Traded

Apr 1112.50 +20.00 Unquoted – –

Palm Fatty Acid Distillate, FOB Malaysian ports

Offer Change Bid Change Traded

Apr 1070.00 +15.00 Unquoted – –

Crude palm oil, Delivered Basis, South Malaysia

Offer Change Bid Change Traded

Apr 4,830.00 +70.00 Unquoted – –

Palm kernel oil, Delivered Basis, South Malaysia

Offer Change Bid Change Traded

Apr 494.00 +07.00 Unquoted – –

($1=MYR4.4363)

(END) Dow Jones Newswires

03-28-25 0623ET

Questions? Ask Jack Scoville today at 312-264-4322

Categories
Archives
October 2025

S M T W T F S

1 2 3 4

5 6 7 8 9 10 11

12 13 14 15 16 17 18

19 20 21 22 23 24 25

26 27 28 29 30 31

« Sep
Translate

Jack Scoville

Grains Report 10/16/2025

Categories

Archives

Translate

Contact

Disclaimer