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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

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Grains Report 11/11/2025

By On November 11, 2025 - 9:06 AM · In Market Commentaries, Morning Grains & Softs Report
DJ CBOT Delivery Intentions: Totals – Nov 11
Source: CME Group
            Contract                        Quantity   Next Trade
Commodity   Month      Delivery Day   Assigned Today   Date Available
SOYBEAN     November   Nov 12, 2025              125   Oct 31, 2025
DJ USDA Grain Inspections for Export in Metric Tons – Nov 10
WA_GR101
Washington, DC    Mon   Nov 10, 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 NOV 06, 2025
                            — METRIC TONS —
————————————————————————-
                                                   CURRENT     PREVIOUS
             ———– WEEK ENDING ———-  MARKET YEAR  MARKET YEAR
  GRAIN      11/06/2025  10/30/2025  11/07/2024    TO DATE     TO DATE
BARLEY              0         269           0        5,167        4,920
CORN        1,424,968   1,712,164     807,420   13,725,293    8,281,606
FLAXSEED            0           0           0          264          192
MIXED               0           0           0            0           49
OATS                0         100           0        3,592          148
RYE                 0           0           0            0            0
SORGHUM        33,225      67,487     167,012      262,465      709,200
SOYBEANS    1,088,577     984,875   2,363,532    8,889,371   15,320,558
SUNFLOWER           0           0           0            0            0
WHEAT         290,513     350,293     353,874   12,115,652   10,166,150
Total       2,837,283   3,115,188   3,691,838   35,001,804   34,482,823
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 closed higher yesterday on news that the US Senate has voted to reopen government perhaps as soon s this week.  There has been no new China demand news or rumors and the weekly export inspections were down.  No other USDA reports were released due to the government shutdown, but USDA will issue the November WASDE reports and production reports later this weekSouthern hemisphere crops appear to be good.
Overnight News:
Chart Analysis: Trends in Chicago are mixed to down.  Support is at 524, 517, and 505 December, with resistance at 555, 560, and 573 December.  Trends in Kansas City are mixed tso up.  Support is at 506, 501, and 494 December, with resistance at 540, 545, and 548 December. Trends in Minneapolis are not available.
RICE:
General Comments   Rice was higher yesterday on news that the US Senate had voted to reopen he government ads soon as this week.  Ideas are that the market is too cheap and that farmers have sold what needs to be sold for now.  The recent selling has been to be relentless and appears tied to the weaker prices in Asia and especially India.  Trends are down in the market.  The harvest is wrapping up in Texas and southern Louisiana.  Harvest is now wrapping up in Mississippi and Arkansas.  California is also about done with its harvest.  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.
Overnight News:
Chart Analysis: Trends are mixed.  Support is at 1020, 1012, and 1000 January and resistance is at 1074, 1086, and 1101 January.
CORN AND OATS
General Comments: Corn was higher yesterday but held the recent trading range as the Senate is now allowing the government to reopen.  The Supreme Court is deciding on the Trump tariffs but a decision will take a while.  Trends are sideways in the market.  The export inspections report showed good demand for US Corn.  Most USDA reports are cancelled as the government is still closed, but the November WASDE and production reports are to be issued on time later this week.  There is talk in the country that Corn production is being overestimated by analysts.  The harvest is winding down in all areas of the Midwest.  There are ideas that US production might not be super strong due to disease such as rust to offset the demand losses.  Temperatures should average below normal early this week but above normal by this weekend and there are forecasts for some precipitation.  Oats were higher.
Overnight News:
Chart Analysis:  Trends in Corn are mixed.  Support is at 425, 422, and 419 December, and resistance is at 442, 450, and 456 December.  Trends in Oats are mixed.  Support is at 282, 274, and 268 December, and resistance is at 304, 310, and 316 December.
SOYBEANS
General Comments: Soybeans and the products were higher yesterday as the uS Senate has voted to reopen the government maybe by the end of this week.  There was no talk of new Chinese demand although the market hoes for more.  China bought cargoes over a week ago but has not been reported to buy anything since.  The US Supreme Court is now deciding on the legality of the Trump tariffs.   China is almost done with purchases for this year and as the US will have to compete with South America for sales in a diminishing Chinese market.  The Chinese hog herd is being reduced and this means less demand for Soybeans and Soybean Meal.  The US government has announced that it will support farmers with money, but so far no money has been flowing.  Forecasts call for some precipitation to be seen in the Midwest this week.  Temperatures will average below normal early this week, but above normal by this weekend.  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.  Brazil Soybeans are now 61% planted, from 67% last year.
Overnight News:
Analysis:  Trends in Soybeans are up.  Support is at 1098, 1085, and 1070 January, and resistance is at 1136, 1142, and  1148 January.  Trends in Soybean Meal are up.  Support is at 304.00, 300.00, and 295.00 December, and resistance is at 325.00, 328.00, and 331.00 December.  Trends in Soybean Oil are mixed.  Support is at 4930, 4890, and 4770 December, with resistance at 5110, 5040, and 5180 December.
PALM OIL AND CANOLA
General Comments:   Palm Oil futures were higher today on ideas that production will be less in the near term due to weather considerations.  The market sentiment overall has been bearish on ideas of increasing stocks to the market and on some concerns about demand   Canola was a little higher.  Trends are mixed on the daily charts and on the weekly charts.
s.  Overnight News:
Chart Analysis: Trends in Canola are mixed.  Support is at 625.00, 623.00, and 620.00 January, with resistance at 649.00, 656.00, and 661.00 January.  Trends in Palm Oil are mixed.  Support is at 4060, 3990, and 3950 January, with resistance at 4210, 4240, and 4290 January.
DJ Malaysia’s October Palm Oil Exports 1.69M Tons; Up 19%, MPOB Says
    Malaysia’s palm oil exports were up 19% on month at 1.69 million metric tons in October, the Malaysian Palm Oil Board said.
The following are details of the October crop data and revised numbers for September, issued by MPOB:
                             October    September          Change
                                                         On Month
Crude Palm Oil Output      2,043,886    1,840,983   Up     11.02%
Palm Oil Exports           1,692,895    1,427,609   Up     18.58%
Palm Kernel Oil Exports      100,491      117,520   Dn     14.49%
Palm Oil Imports              36,283       78,413   Dn     53.73%
Closing Stocks             2,464,452    2,359,572   Up      4.44%
Crude Palm Oil             1,473,686    1,264,428   Up     16.55%
Processed Palm Oil           990,766    1,095,144   Dn      9.53%
DJ Malaysian PM Cash Market Prices for Palm Oil – Nov 11
  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
Nov           1030.00    +02.50      Unquoted   –        –
Dec           1032.50    +05.00      Unquoted   –        –
Jan/Feb/Mar   1047.50    +07.50      Unquoted   –        –
Apr/May/Jun   1052.50    +07.50      Unquoted   –        –
RBD palm olein, FOB, Malaysian ports
              Offer      Change      Bid        Change   Traded
Nov           1035.00    +02.50      Unquoted   –        –
Dec           1037.50    +05.00      Unquoted   –        –
Jan/Feb/Mar   1052.50    +07.50      Unquoted   –        –
Apr/May/Jun   1057.50    +07.50      Unquoted   –        –
RBD palm stearin, FOB, Malaysian ports
              Offer      Change      Bid        Change   Traded
Nov           1015.00    -05.00      Unquoted   –        –
Palm Fatty Acid Distillate, FOB Malaysian ports
              Offer      Change      Bid        Change   Traded
Nov           1015.00    -05.00      Unquoted   –        –
Crude palm oil, Delivered Basis, South Malaysia
              Offer      Change      Bid        Change   Traded
Nov           4,130.00    00.00      Unquoted   –        –
Palm kernel oil, Delivered Basis, South Malaysia
              Offer      Change      Bid        Change   Traded
Nov           435.00     -01.00      Unquoted   –        –
($1=MYR4.1435)
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.
  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
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
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