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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 12/09/2025

By On December 9, 2025 - 11:33 AM · In Market Commentaries, Morning Grains & Softs Report
DJ USDA Grain Inspections for Export in Metric Tons – Dec 8
WA_GR101
Washington, DC    Mon   Dec 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 DEC 04, 2025
                            — METRIC TONS —
————————————————————————-
                                                   CURRENT     PREVIOUS
             ———– WEEK ENDING ———-  MARKET YEAR  MARKET YEAR
  GRAIN      12/04/2025  11/27/2025  12/05/2024    TO DATE     TO DATE
BARLEY              0         131       1,298        5,629        7,210
CORN        1,452,822   1,630,296   1,068,250   20,630,119   12,181,196
FLAXSEED           24           0           0          336          240
MIXED               0           0           0            0           49
OATS              299           0           0        4,489          148
RYE                 0           0           0            0            0
SORGHUM         1,028      49,124      73,790      470,218    1,162,003
SOYBEANS    1,018,127     932,486   1,738,546   12,899,667   23,556,424
SUNFLOWER           0           0           0            0            0
WHEAT         393,341     385,800     248,003   13,634,061   11,275,847
Total       2,865,641   2,997,837   3,129,887   47,644,519   48,183,117
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 CBOT Delivery Intentions: Totals – Dec 9
Source: CME Group
              Contract                        Quantity   Next Trade
Commodity     Month      Delivery Day   Assigned Today   Date Available
SOYBEAN OIL   December   Dec 10, 2025                6   Nov 28, 2025
DJ USDA Report: Recap for U.S. Agriculture Supply, Demand
   The following table of analysts’ estimates is provided as a service to The Wall Street Journal subscribers in conjunction with the U.S. Department of Agriculture’s monthly supply-and-demand report scheduled for release at noon ET on Tuesday.
U.S. Stockpiles (millions)
2025-26
                         Average    Range      USDA Nov.
Corn                      2,166  2,037-2,376    2,154
Soybeans                   309     250-385       290
Wheat                      893     846-906       901
****
World Stockpiles (million metric tons)
2024-25
                          Average       Range       USDA Nov
Corn                       290.6     284.0-292.0     291.7
Soybeans                   123.4     123.0-124.0     123.3
Wheat                      261.6     261.0-262.4     261.4
2025-26
                          Average       Range       USDA Nov
Corn                       281.3     279.0-283.0     281.3
Soybeans                   122.8     121.6-125.0     122.0
Wheat                      272.6     270.9-275.0     271.4
.
WHEAT
General Comments:   Wheat closed a little higher yesterday although demand for Wheat in export markets remains limited.  The weekly export sales report showed that demand was in line with expectations, but the report was still for October sales.  The threat for additional bombings of freighters by either Russia or Ukraine kept futures supported to some extent.  World prices turned weaker last week due to reports of strong production in exporter countries and mostly the countries in the global south.  Production has been good in northern hemisphere countries.  Southern hemisphere crops appear to be very good.  Demand has been weaker for various origins including Russia.
Overnight News:
Chart Analysis: Trends in Chicago are mixed.  Support is at 524, 517, and 507 March, with resistance at 555, 560, and 573 March.  Trends in Kansas City are mixed.  Support is at 506, 501, and 494 March, with resistance at 540, 550, and 553 March. Trends in Minneapolis are not available.
RICE:
General Comments   Rice was higher as speculative buying tied mostly to short covering surfaced before the release of the next WASDE reports later today.  The sales report was still covering October data as USDA catches up with data left unreported due to the government shutdown and wads weaker.  Commercials were only light buyers.  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 mixed in the market.  The harvest is over in the delta and Mid South.  California is 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.  The charts show that futures are in a short term trading range.
Overnight News:
Chart Analysis: Trends are mixed.  Support is at 976, 964, and 952 January and resistance is at 1028, 1056, and 1068 January.
CORN AND OATS
General Comments: Corn was lower yesterday as the weekly export sales report was disappointing and as selling surfaced before the next WASDE reports to be released later today.  There have been ideas that traders expect weaker demand news from now on but demand overall has been very good and above USDA projections until now.  Ideas are that export demand is less now due to increased competition in the world market and ethanol demand is less as well.  Reports indicate that many elevators are holding less Corn than expected.  Trends are mixed in the market.  Temperatures should average below normal this week.  Oats were lower.
Overnight News:
Chart Analysis:  Trends in Corn are mixed.  Support is at 430, 426, and 423 March, and resistance is at 452, 455, and 457 March.  Trends in Oats are mixed.  Support is at 302, 297, and 290 March, and resistance is at 315, 320, and 323 March.
SOYBEANS
General Comments: Soybeans and the products were lower yesterday before the release of the WASDE reports later today.  It seems that Chinese demand is part of the price now.  The Trump administration says that China is on pace to buy the 12 million tons of US Soybeans it announced a few weeks ago by the end of February, but China has a lot of buying to do if it is to reach that goal.  It is already on a record pace for imports this year and might not need that much more.  The US will have to compete with South America for sales in a diminishing Chinese market and US prices are currently too high to complete many new sales.  The Chinese hog herd is being reduced and this means less demand for Soybeans and Soybean Meal.  Temperatures will average below normal in the Midwest this week.
Overnight News:
Analysis:  Trends in Soybeans are down.  Support is at 1071, 1063, and 1054 January, and resistance is at 1148, 1169, and  1184 January.  Trends in Soybean Meal are down.  Support is at 304.00, 301.00, and 292.00 January, and resistance is at 311.00, 316.00, and 319.00 January.  Trends in Soybean Oil are mixed.  Support is at 5100, 4980, and 4930 January, with resistance at 5320, 5420, and 5510 January.
PALM OIL AND CANOLA
General Comments:   Palm Oil futures were higher today as traders wait for the next MPOB report.  There are still Indonesian plans to increase the use of Palm Oil in biofuels blends.  There are still ideas of increasing production.  The market sentiment overall is turning bearish on ideas of increasing stocks to the market and some concerns about demand   Canola was lower and trends are down on the daily charts.  StatsCan reported that the country has produced a big Canola crop this year.
Overnight News:
Chart Analysis: Trends in Canola are down.  Support is at 610.00, 604.00, and 598.00 January, with resistance at 636.00, 645.00, and 650.00 January.  Trends in Palm Oil are down.  Support is at 4010, 3940, and 3880 February, with resistance at 4200, 4270, and 4300 February.
DJ Malaysian PM Cash Market Prices for Palm Oil – Dec 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
Dec          1030.00    -05.00      Unquoted   –        –
Jan/Feb/Mar  1037.50     00.00      Unquoted   –        –
Apr/May/Jun  1045.00    -02.50      Unquoted   –        –
Jul/Aug/Sep  1037.50     00.00      Unquoted   –        –
RBD palm olein, FOB, Malaysian ports
              Offer      Change      Bid        Change   Traded
Dec           1035.00    -05.00      Unquoted   –        –
Jan/Feb/Mar   1042.50     00.00      Unquoted   –        –
Apr/May/Jun   1050.00    -02.50      Unquoted   –        –
Jul/Aug/Sep   1042.50     00.00      Unquoted   –        –
RBD palm stearin, FOB, Malaysian ports
              Offer      Change      Bid        Change   Traded
Dec           1012.50    -05.00      Unquoted   –        –
Palm Fatty Acid Distillate, FOB Malaysian ports
              Offer      Change      Bid        Change   Traded
Dec           1012.50    -02.50      Unquoted   –        –
Crude palm oil, Delivered Basis, South Malaysia
               Offer      Change      Bid        Change   Traded
Dec            4,090.00    00.00      Unquoted   –        –
Palm kernel oil, Delivered Basis, South Malaysia
               Offer      Change      Bid        Change   Traded
Dec            423.00      00.00      Unquoted   –        –
($1=MYR4.118)
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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