Grains Report 01/30/2026

WHEAT
General Comments: Wheat closed higher again yesterday. Better export sales are now anticipated due the move lower seen Monday in reaction to the USDA reports and were reported last week. US Wheat areas need snow cover and got some after a major cold front moved through Midwest production areas. Concerns on the condition of the Winter Wheat crops moving forward are growing as there is little snow cover and some very cold temperatures are occurring that could have created Winterkill over the weekend.
Overnight News:
Chart Analysis: Trends in Chicago are up. Support is at 519, 502, and 510 March, with resistance at 545, 555, and 563 March. Trends in Kansas City are up. Support is at 525, 516, and 508 March, with resistance at 550, 553, and 559 March. Trends in Minneapolis are not available.

RICE:
General Comments Rice was a little higher again yesterday and trends are up as prices have moved out of the sideways bottoming range on the daily charts. Traders anticipate less production this year in the US and around the world due to low prices. Weaker world prices are expected by the FAO in the coming year. Asian Rice prices are under pressure now due to a weaker Indian Rupee that forced costs for Indian Rice lower. Trends are up in the market but demand remains quiet for US Rice.
Overnight News:
Chart Analysis: Trends are up. Support is at 1030 1002, and 1996 March and resistance is at 1111, 1125, and 1139 March.

CORN AND OATS
General Comments: Corn was a little higher yesterday in choppy trading. Trends are up due to the recent demand based rally and after production was increased in the annual report. USDA increased production in the annual reports and the increased supplies have made it hard for prices to rally at all despite reports of strong demand. Temperatures in the Midwest should average below normal. Oats were a little higher and trends are mixed.
Overnight News:
Chart Analysis: Trends in Corn are down. Support is at 417, 414, and 411 March, and resistance is at 434, 445, and 453 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 lower yesterday. There are ideas of additional Chinese demand soon but it will be up to the government to buy ad US Soybeans are too high priced for commercial demand from China or almost anywhere else. It still seems that the market is now more concerned about big supplies coming soon from South America with the Soybeans harvest there now underway and was reported at 2% complete. Temperatures will average below normal in the Midwest.
Overnight News:
Analysis: Trends in Soybeans are mixed. Support is at 1058, 1049, and 1038 March, and resistance is at 1086, 1095, and 1105 March. Trends in Soybean Meal are mixed. Support is at 286.00, 283.00, and 280.00 March, and resistance is at 302.00, 307.00, and 311.00 March. Trends in Soybean Oil are up. Support is at 5040, 4960, and 4900 March, with resistance at 5500, 5560, and 5620 March.

PALM OIL AND CANOLA
General Comments: Palm Oil futures were lower today on price action in Chicago. Ideas of increasing seasonal demand and on ideas that Palm Oil is relatively cheap in the world market ared still around. Demand ideas are in a state of flux right now with some looking for weaker demand and other looking for improved demand. Production is expected to drop in the short term. Canola was a little lower yesterday along with Chicago Soybrans and despite strong demand ideas. Canada and China reached agreement on a new trade deal which is expected to result in part in new sales of Canola to China There are ideas of a big Soybeans harvest coming from South America.
Overnight News:
Chart Analysis: Trends in Canola are mixed. Support is at 638.00, 634.00, and 623.00 March, with resistance at 663.00, 668.00, and 674.00 March. Trends in Palm Oil are up. Support is at 4200, 4150, and 4070 April, with resistance at 4350, 4420, and 4540 April.

DJ Canadian Oilseeds Monthly Crush for December 2025
Canadian oilseeds monthly crush – December 2025
WINNIPEG–Crushing statistics of major oilseeds in Canada
for the month of December 2025, reported by Statistics Canada
are as follows:
Figures are in metric tons.
Year Ago 2025/26 2024/25
Canola Dec 2025 Dec 2024 To Date To Date
Seed crushed 1,076,755 1,014,867 5,061,777 4,919,200
Oil produced 456,281 426,519 2,142,056 2,071,121
Meal produced 622,203 599,500 2,964,785 2,881,312
Soybeans
Seed crushed N/A 160,035 N/A 597,035
Oil produced N/A 30,516 N/A 110,861
Meal produced N/A 126,933 N/A 467,915
Source: MarketsFarm (Phil Franz-Warkentin, news@marketsfarm.com,
or 204-414-9084)

DJ Malaysian PM Cash Market Prices for Palm Oil – Jan 30
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
Feb 1100.00 -22.50 Unquoted – –
Mar 1105.00 -27.50 Unquoted – –
Apr/May/Jun 1107.50 -25.00 Unquoted – –
Jul/Aug/Sep 1095.00 -25.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Feb 1105.00 -22.50 Unquoted – –
Mar 1110.00 -27.50 Unquoted – –
Apr/May/Jun 1112.50 -25.00 Unquoted – –
Jul/Aug/Sep 1100.00 -25.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Feb 1060.00 -25.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Feb 1050.00 -17.50 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Feb 4,200.00 -40.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Feb 440.00 -06.00 Unquoted – –
($1=MYR3.9375)

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