Grains Report 02/13/2026

WHEAT
General Comments: Wheat closed higher again yesterday on what appeared to be speculative short covering. The weather is now averaging above normal temperatures. Temperatures were cold enough a couple of weeks ago to promote Winterkill. The snow came after the cold weather was a factor. 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 again. Many parts of the Great Plains are too dry for best yield potential.
Overnight News:
Chart Analysis: Trends in Chicago are up. Support is at 519, 502, and 510 March, with resistance at 555, 565, and 571 March. Trends in Kansas City are up. Support is at 525, 516, and 508 March, with resistance at 559, 565, and 571 March. Trends in Minneapolis are not available.

RICE:
General Comments Rice was higher yesterday and trends are mixed to up. The weekly export sales report was considered positive. Futures have been recovering for the last month after a very long and sizable down move. 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. USDA cut export demand for Long Grain Rice and increased ending stocks in the reports. Trends are up in the market but demand remains moderate for US Rice.
Overnight News:
Chart Analysis: Trends are up. Support is at 1090 1087, and 1069 March and resistance is at 1139, 1145, and 1154 March.

CORN AND OATS
General Comments: Corn was higher yesterday on what appeared to be speculative buying. Trends are mixed due to excessive supplies as seen in the recent USDA reports after trending higher in recent weeks 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. USDA increased export demand and slightly cut ending stocks in the reports released this week. Temperatures in the Midwest should average above normal next week. Oats were higher and trends are mixed.
Overnight News:
Chart Analysis: Trends in Corn are mixed. Support is at 417, 414, and 411 March, and resistance is at 445, 453, and 465 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 on what appeared to be speculative buying yesterday even though the big South American crops were still in the news. South American sources said that the Brazil crops are now more than 16% harvested. There are ideas of additional Chinese demand soon but it will be up to the government to buy as US Soybeans are too high priced for commercial demand from China or almost anywhere else. The tariff wars between the two countries add another layer of cost onto the Soybeans. 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. Temperatures will average above normal in the Midwest next week.
Overnight News:
Analysis: Trends in Soybeans are mixed to up. Support is at 1082, 1070, and 1064 March, and resistance is at 1150, 1159, and 1172 March. Trends in Soybean Meal are mixed to up. Support is at 286.00, 283.00, and 280.00 March, and resistance is at 311.00, 316.00, and 321.00 March. Trends in Soybean Oil are up. Support is at 5490, 5410, and 5340 March, with resistance at 5800, 5860, and 5920 March.

PALM OIL AND CANOLA
General Comments: Palm Oil futures were higher today in sho reports and ideas of weaker demand and on weaker outside markets. Ideas of increasing seasonal demand and on ideas that Palm Oil is relatively cheap in the world market are still around. Demand ideas are in a state of flux right now with some looking for weaker demand and others looking for improved demand. Production is expected to drop in the short term. Canola was higher yesterday on mostly speculative buying amid strong demand ideas. The selling seen came in response to price action in Chicago and ideas of big crops in South America. Canada and China reached agreement on a new trade deal which is expected to result in part in new sales of Canola to China
Overnight News:
Chart Analysis: Trends in Canola are mixed to up. Support is at 638.00, 6rt cdovvering and despiter34.00, and 623.00 March, with resistance at 668.00, 674.00, and 680.00 March. Trends in Palm Oil are up. Support is at 4010, 3980, and 3900 April, with resistance at 4350, 4420, and 4540 April.

DJ Malaysian PM Cash Market Prices for Palm Oil – Feb. 13
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 1072.50 00.00 Unquoted – –
Mar 1072.50 00.00 Unquoted – –
Apr/May/Jun 1075.00 00.00 Unquoted – –
Jul/Aug/Sep 1072.50 00.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Feb 1077.50 00.00 Unquoted – –
Mar 1077.50 00.00 Unquoted – –
Apr/May/Jun 1080.00 00.00 Unquoted – –
Jul/Aug/Sep 1077.50 00.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Feb 1040.00 +05.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Feb 1035.00 +05.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Feb 4,050.00 00.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Feb 441.00 -01.00 Unquoted – –
($1=MYR3.8985)

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