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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 01/08/2026

By On January 8, 2026 - 1:47 PM · In Market Commentaries, Morning Grains & Softs Report
DJ U.S. October Grain Exports-Jan 8
    In kilograms (top) and in bushels (bottom), except flour in cwt and malt
in pounds.  /1 denotes includes commercial and donated. Source: U.S. Department
of Commerce.
(*)NOTE: Year ago figures reflect data reported at that time.
Data includes Exports and Re-Exports.
                               ——- In Kilograms ——-
                         Oct 25         Sep 25         Aug 25         Oct 24
Barley                2,348,561      1,465,219      2,104,175      2,025,000
Corn /1           6,564,115,000  6,978,168,000  6,396,512,000  4,047,857,000
Sorghum             195,837,000    142,244,000    269,022,000    285,280,000
Oats                  2,468,132      4,634,170      3,193,036      6,032,109
Rye                      44,000         90,085         93,753         80,000
Wheat /1          1,974,630,510  3,230,845,639  2,692,918,979  1,438,287,852
  wheat flour /1     24,137,723     19,471,057     17,972,529     22,782,510
Malt                 24,742,400     18,480,783     31,705,434     21,265,068
                            ——- In Bushels, CWT or Pounds ——-
                         Oct 25         Sep 25         Aug 25         Oct 24
Barley                  107,867         67,296         96,643         93,007
Corn /1             258,415,141    274,715,520    251,816,970    159,355,456
Sorghum               7,709,683      5,599,841     10,590,820     11,230,862
Oats                    170,039        319,265        219,980        415,575
Rye                       1,732          3,546          3,691          3,149
Wheat /1             72,554,506    118,712,037     98,946,819     52,847,489
  wheat flour /1        532,146        429,263        396,226        502,268
Malt                 54,547,664     40,743,159     69,898,529     46,881,458
1/Includes commercial and donated.
DJ U.S. October Oilseed, Meal, Oils/Fats Exports-Jan 8
March was first month for re-exports.
   In kilograms (top). Oils in pounds, soybeans in bushels, meal and hulls in
short tons (bottom). Source: U.S. Department of Commerce.
(*)NOTE: Year ago figures reflect data reported at that time.
Data includes Exports and Re-Exports.
                               ——- In Kilograms ——-
                        Oct 25          Sep 25          Aug 25         Oct 24
soybeans          5,363,931,334   2,855,965,214   2,273,445,910  9,426,942,543
soyoil               32,570,197      17,777,264      36,960,520     10,271,132
  crude              19,203,655       5,831,302      21,286,790        372,554
  refined                83,147         134,979         289,730         96,590
  other/1            13,027,029      11,594,089      15,164,247      9,606,209
  hydrogenated          256,366         216,894         219,753        195,779
cottonseed oil        3,747,860       1,492,207       3,102,005        677,507
  crude               2,148,931         811,709       2,191,946              0
  refined               824,030         421,814         359,463        588,810
  other/1               774,899         258,684         550,596         86,202
  hydrogenated                                                           2,495
sunseeds                728,612         846,939          59,876        556,927
sunseed oil           2,648,626       2,321,231       2,291,623      2,699,580
rapeseed             53,130,073      71,838,297      14,266,328     54,210,088
rapeseed oil          4,644,038       6,667,017       6,843,559      3,216,704
   crude                168,068       1,760,068       1,791,489      1,111,654
   refined            4,475,970       4,906,949       5,052,070      2,105,050
linseed meal             22,000               0          78,387         12,981
cottonseed meal       1,902,106       2,878,829       1,873,375      1,956,290
soymeal           1,018,518,830   1,079,162,518   1,130,346,716  1,064,709,276
soymeal/flour       350,471,464     223,605,849     180,640,643    205,209,718
soymeal hulls        24,871,000      15,044,000      25,189,000     14,906,000
lard                  1,189,101       1,059,450         928,029      1,357,594
edible tallow         5,238,603       6,563,908       3,495,338      8,294,936
inedible tallow       2,832,375       3,315,879       1,709,463      3,361,303
ch white grease               0               0         212,716          5,781
                         ——- In Bushels, Pounds or Short Tons ——-
                         Oct 25          Sep 25          Aug 25         Oct 24
soybeans            197,088,715     104,937,681      83,533,980    346,377,289
soyoil               71,805,005      39,192,165      81,484,012     22,643,974
  crude              42,336,819      12,855,823      46,929,347        821,341
  refined               183,308         297,578         638,745        212,945
  other/1            28,719,688      25,560,595      33,431,448     21,178,069
  hydrogenated          565,190         478,170         484,473        431,619
cottonseed oil        8,262,618       3,289,754       6,838,752      1,493,648
  crude               4,737,583       1,789,512       4,832,415              0
  refined             1,816,675         929,941         792,480      1,298,104
  other/1             1,708,360         570,301       1,213,857        190,043
  hydrogenated                0               0               0          5,501
sunseeds              1,606,315       1,867,181         132,004      1,227,814
sunseed oil           5,839,222       5,117,439       5,052,165      5,951,556
rapeseed            117,131,781     158,376,362      31,451,875    119,512,807
rapeseed oil         10,238,353      14,698,259      15,087,468      7,091,620
   crude                370,527       3,880,286       3,949,558      2,450,778
   refined            9,867,826      10,817,973      11,137,910      4,640,842
linseed meal                 24               0              86             14
cottonseed meal           2,097           3,173           2,065          2,156
soymeal               1,122,713       1,189,561       1,245,981      1,173,629
soymeal flour/me        386,325         246,481         199,120        226,203
soymeal hulls            27,415          16,583          27,766         16,431
lard                  2,621,519       2,335,688       2,045,954      2,992,983
edible tallow        11,549,145      14,470,943       7,705,903     18,287,207
inedible tallow       6,244,319       7,310,263       3,768,721      7,410,406
ch white grease               0               0         468,959         12,745
DJ U.S. October Grain Imports-Jan 8
   In kilograms, from the U.S. Commerce Department, converted to
pounds by Dow Jones.
                       —-Oct 2025—-                —-Sep 2025—-
                         kilograms          pounds       kilograms          pounds
durum wheat              1,354,886       2,987,524       7,689,763      16,955,927
spring wheat               829,707       1,829,504      50,689,867     111,771,157
winter wheat                     0               0               0               0
wheat/meslin                     0               0               0               0
TOTAL WHEAT              2,184,593       4,817,028      58,379,630     128,727,084
barley                   4,403,000       9,708,615      71,701,350     158,101,477
oats                       131,136         289,155       7,532,015      16,608,093
corn                    59,326,448     130,814,818     375,242,035     827,408,687
other corn               2,717,447       5,991,971      16,749,743      36,933,183
TOTAL CORN              62,043,895     136,806,788     391,991,778     864,341,870
DJ U.S. Oct Soymeal, Vegetable Oils/Oilseed Imports-Jan 8
   In kilograms from the U.S. Commerce Department, converted to pounds
by Dow Jones.
                       —-Oct 2025—-                —-Sep 2025—-
                         kilograms          pounds       kilograms          pounds
coconut oil             33,496,497      73,859,776     299,600,435     660,618,959
palm kernel oil         53,020,929     116,911,148     307,809,287     678,719,478
palm oil               124,699,016     274,961,330   1,144,043,858   2,522,616,707
soybean                 41,578,197      91,679,924     480,655,507   1,059,845,393
soymeal                          0               0               0               0
soyoil                   7,034,970      15,512,109     108,384,329     238,987,445
rapeseed oil
 edible                251,891,513     555,420,786   1,806,053,478   3,982,347,919
rapeseed oil,
 inedible                        0               0         665,576       1,467,595
DJ U.S. Export Sales: Weekly Sales Totals-Jan 8
    For the week ended Jan 1, 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              118.7       -9.3   20115.8   17016.2   5053.5    102.3
  hrw              -20.2        0.0    7296.1    4016.3   1456.3     15.5
  srw               20.5       -9.4    2746.5    2552.5    752.4     59.9
  hrs               46.9        0.0    5105.9    5560.1   1353.3      0.0
  white             41.4        0.0    4553.0    4551.2   1353.8     26.9
  durum             30.0        0.0     414.4     336.0    137.7      0.0
corn               377.6       11.9   50895.3   39245.9  23481.2    863.0
soybeans           877.9        0.0   28575.6   40181.3  12229.0    112.8
soymeal            158.1        6.6    9052.7    8449.0   4688.7     60.8
soyoil              24.9        0.0     288.9     599.4    151.7      4.0
upland cotton       98.0       22.5    6597.6    7752.1   3611.3    497.1
pima cotton          4.3        0.0     203.5     246.9     57.7      0.0
sorghum            229.9        0.0    2286.7    1116.7   1489.1      0.0
barley               0.0        0.0      69.1      30.3     34.3      0.0
rice                17.4        0.0    1416.3    1888.7    509.0      0.0
DJ CBOT Delivery Intentions: Totals – Jan 8
Source: CME Group
              Contract                        Quantity   Next Trade
Commodity     Month      Delivery Day   Assigned Today   Date Available
SOYBEAN OIL   January    Jan 09, 2026               70   Jan 06, 2026
ROUGH RICE    January    Jan 09, 2026                5   Dec 30, 2025
SOYBEAN       January    Jan 09, 2026              142   Jan 06, 2026
WHEAT
General Comments:   Wheat closed higher yesterday along with strength in most of the other commodities markets.  The daily charts display the potential for significant bottoms.  There are still reports of big world production and weaker demand.  Demand ideas are under pressure from ideas and reports of big competition for sales.  The threat for additional bombings of freighters by either Russia or Ukraine kept futures supported to some extent.  World prices were steady 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.
Overnight News:
Chart Analysis: Trends in Chicago are mixed.  Support is at 500, 494, and 488 March, with resistance at 525, 530, and 536 March.  Trends in Kansas City are mixed.  Support is at 508, 503, and 499 March, with resistance at 536, 540, and 550 March. Trends in Minneapolis are not available.
RICE:
General Comments   Rice was higher again yesterday but did not make new highs for the move on follow through buying.  The recent selling appears tied to the weaker prices in Asia and especially India.  Trends are mixed in the market.  Yields and quality in the US 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 to up.  Support is at 1025, 996, and 975 March and resistance is at 1051, 1056, and 1065 March.
CORN AND OATS
General Comments:  Corn was a little higher again yesterday.  The demand for export and for bio energy needs has held strong, but the amount of feed demand shown by USDA Has been questioned due to the reduced US cattle heerds.  Trends are mixed.  Ideas are that export demand is less now due to increased competition in the world market and ethanol demand is less as well.  Feed demand inside the US should be less.  Reports indicate that many elevators are holding less Corn than expected.  Temperatures should average above normal this week.  Oats were higher.
Overnight News:
Chart Analysis:  Trends in Corn are mixed.  Support is at 435, 432, and 430 March, and resistance is at 453, 457, and 460 March.  Trends in Oats are mixed to up.  Support is at 284, 278, and 27\5 March, and resistance is at 317, 320, and 326 March.
SOYBEANS
General Comments: Soybeans and the products were higher yesterday on talk of continued Chinese buying.  Soybeans were supported by news of Chinese buying.  It seems that the market is now more concerned about big supplies coming soon from South America with the Soybeans harvest there just weeks away.  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, and China has already bought at least 10 million tons.  US prices are currently too high to complete many new sales anywhere in the world market except Canada and Mexico.  Temperatures will average above normal in the Midwest this week.
Overnight News:  China bought 132,000 tons of US Soybeans.
Analysis:  Trends in Soybeans are mixed.  Support is at 1041, 1033, and 1030 March, and resistance is at 1071, 1082, and  1086 January.  Trends in Soybean Meal are mixed.  Support is at 295.00, 292.00, and 286.00 March, and resistance is at 307.00, 311.00, and 316.00 March.  Trends in Soybean Oil are mixed to up.  Support is at 4840, 4810, and 4750 March, with resistance at 5040, 5120, and 5200 March
PALM OIL AND CANOLA
General Comments:   Palm Oil futures were higher today following the strength in outside markets.  There are still ideas of increasing supplies available to the market along with weaker demand.  There are still ideas of increasing production.  Demand ideas are in a state of flux right now with some looking for weaker demand and other looking for improved demand.   Canola was higher.  There are ideas of a big Soybeans harvest coming from South America.
Overnight News:
Chart Analysis: Trends in Canola are mixed.  Support is at 600.00, 590.00, and 584.00 March, with resistance at 626.00, 635.00, and 644.00 March.  Trends in Palm Oil are mixed.  Support is at 3880, 3820, and 3760 March, with resistance at 4130, 4160, and 4200 March.
DJ Malaysian PM Cash Market Prices for Palm Oil – Jan 8
  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
Jan           1020.00    +10.00      Unquoted   –        –
Feb           1025.00    +02.50      Unquoted   –        –
Mar           1030.00    +02.50      Unquoted   –        –
Apr/May/Jun   1040.00    +02.50      Unquoted   –        –
Jul/Aug/Sep   1037.50    +05.00      Unquoted   –        –
RBD palm olein, FOB, Malaysian ports
              Offer      Change      Bid        Change   Traded
Jan           1025.00    +10.00      Unquoted   –        –
Feb           1030.00    +02.50      Unquoted   –        –
Mar           1035.00    +02.50      Unquoted   –        –
Apr/May/Jun   1045.00    +02.50      Unquoted   –        –
Jul/Aug/Sep   1042.50    +05.00      Unquoted   –        –
RBD palm stearin, FOB, Malaysian ports
Offer      Change         Bid        Change   Traded
Jan           997.50     -02.50      Unquoted   –        –
Palm Fatty Acid Distillate, FOB Malaysian ports
              Offer      Change      Bid        Change   Traded
Jan           997.50     -02.50      Unquoted   –        –
Crude palm oil, Delivered Basis, South Malaysia
              Offer      Change      Bid        Change   Traded
Jan          4,000.00     00.00      Unquoted   –        –
Palm kernel oil, Delivered Basis, South Malaysia
              Offer      Change      Bid        Change   Traded
Jan           415.00     +02.00      Unquoted   –        –
($1=MYR4.0625)
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