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 01/14/2026

By On January 14, 2026 - 9:08 AM · In Market Commentaries, Morning Grains & Softs Report
DJ CBOT Delivery Intentions: Totals – Jan 14
Source: CME Group
              Contract                        Quantity   Next Trade
Commodity     Month      Delivery Day   Assigned Today   Date Available
SOYBEAN OIL   January    Jan 15, 2026                7   Jan 12, 2026
ROUGH RICE    January    Jan 15, 2026               20   Jan 13, 2026
SOYBEAN       January    Jan 15, 2026               47   Jan 13, 2026
WHEAT
General Comments:   Wheat closed a little lower yesterday.  USDA released its Winter Wheat seedings report on Monday that showed increased planted are for SRW and reduced White Winter Wheat seedings.  HRW seedings were unchanged from a year ago.  Ending stocks were also increased for the US and the world, so the report was considered bearish.  Ending stocks estimates and the quarterly stocks estimates were on the high side of expectations.  The daily charts still display the potential for significant bottoms, but the outside day down on the daily charts draws those ideas into question.
Overnight News:
Chart Analysis: Trends in Chicago are mixed.  Support is at 500, 494, and 488 March, with resistance at 528, 530, and 536 March.  Trends in Kansas City are mixed.  Support is at 508, 503, and 499 March, with resistance at 536, 540, and 545 March. Trends in Minneapolis are not available.
RICE:
General Comments   Rice was a little higher yesterday.  The market might have finished a bottom formation on the daily and weekly charts.  USDA on Monday cut its production estimate for All Rice but left Long Grain production higher than last month.  Domestic demand was increased and exports were cut for all classes.  Ending stocks were reduced.  The average farm price was increased for all Rice but left unchanged for Long Grain.  Weaker world prices are expected by the FAO in the coming year.  Trends are turning up in the market.
Overnight News:
Chart Analysis: Trends are mixed to up.  Support is at 1002, 996, and 975 March and resistance is at 1065, 1079, and 1092 March.
CORN AND OATS
General Comments:  Corn was lower on follow through selling tied to the USDA reports that were released on Monday.  USDA increased  production by raising harvested area and trimming yields  and increased ending stocks through the increased production and a smaller increase in demand.  The demand for export and for bio energy needs has held strong, but the export demand was cut back in the WASDE reports even ad feed demand remained untouched.  Traders had expected a cut to the feed demand.  Trends are down.  Temperatures should average near to above normal today, then near to below normal.  Oats were a little lower.
Overnight News:  South Korea bought 136,000 tons of US Corn.
Chart Analysis:  Trends in Corn are down.  Support is at 417, 414, and 411 March, and resistance is at 426, 436, and 446 March.  Trends in Oats are mixed to down.  Support is at 284, 278, and 27\5 March, and resistance is at 317, 320, and 326 March.
SOYBEANS
General Comments: Soybeans and Soybean Meal were lower yesterday on follow through selling tzied to the USDA reports.  Soybean Oil was higher.  Production was increased as was domestic demand.  Export demand was cut back and ending stocks were increased.  Brazil production was increased.  It seems that the market is now more concerned about big supplies coming soon from South America with the Soybeans harvest there now underway.  US prices are currently too high to complete many new sales anywhere in the world market except Canada and Mexico.  Temperatures will average near to above normal in the Midwest today and tomorrow, then near to below normal the rest of this week.
Overnight News:  China bought 334,000 tons of US Soybeans.
Analysis:  Trends in Soybeans are mixed.  Support is at 1033, 1030, and 1018 March, and resistance is at 1071, 1082, and  1086 January.  Trends in Soybean Meal are mixed.  Support is at 286.00, 283.00, and 280.00 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 5200, 5120, and 5200 March
PALM OIL AND CANOLA
General Comments:   Palm Oil futures were slightly lower today after MPOB reported increased monthly inventories.  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 on strong demand ideas.  There are ideas of a big Soybeans harvest coming from South America.
Overnight News:
Chart Analysis: Trends in Canola are mixed.  Support is at 616.00, 600.00, and 590.00 March, with resistance at 638.00, 644.00, and 650.00 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 14
  The following are prices for Malaysian palm oil in the cash market at 1000 GMT Wednesday, 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         1025.00    -05.00       Unquoted   –        –
Feb         1032.50    -02.50       Unquoted   –        –
Mar         1045.00    +02.50       Unquoted   –        –
Apr/May/Jun 1045.00    -05.00       Unquoted   –        –
Jul/Aug/Sep 1045.00     00.00       Unquoted   –        –
RBD palm olein, FOB, Malaysian ports
              Offer      Change      Bid        Change   Traded
Jan          1030.00    -05.00       Unquoted   –        –
Feb          1037.50    -02.50       Unquoted   –        –
Mar          1050.00    +02.50       Unquoted   –        –
Apr/May/Jun  1050.00    -05.00       Unquoted   –        –
Jul/Aug/Sep  1050.00     00.00       Unquoted   –        –
RBD palm stearin, FOB, Malaysian ports
              Offer      Change      Bid        Change   Traded
Jan           1007.50    -02.50      Unquoted   –        –
Palm Fatty Acid Distillate, FOB Malaysian ports
              Offer      Change      Bid        Change   Traded
Jan           1005.00    -02.50      Unquoted   –        –
Crude palm oil, Delivered Basis, South Malaysia
               Offer      Change      Bid        Change   Traded
Jan           4,030.00    -20.00      Unquoted   –        –
Palm kernel oil, Delivered Basis, South Malaysia
               Offer      Change      Bid        Change   Traded
Jan            424.00     +01.00      Unquoted   –        –
($1=MYR4.046)
Questions? Ask Jack Scoville today at 312-264-4322        
Tagged with: • • • • • • •