Grains Report 02/18/2026

DJ Analysts’ Estimates for February Cattle-On-Feed Report
The following estimates, as compiled by the Wall Street Journal for the nation’s feedyards with a capacity of 1,000 or more head, are in percentages of the year-earlier figure. High and low projections were dropped in the calculation of averages. The U.S. Department of Agriculture report is scheduled for release at 3 p.m. ET (2000 GMT) Friday.
Average Range
of estimates of estimates
On-feed Feb 1 98.5 97.8 – 98.8
Placed in Jan 96.7 92.7 – 99.5
Marketed in Jan 87.0 86.7 – 88.0
Analyst On-Feed Placements Marketed
Feb 1 in Jan in Jan
Allegiant Commodity Group 98.8 99.5 87.2
Allendale Inc. 97.8 93.8 88.0
HedgersEdge 98.4 96.7 86.7
Livestock Mktg Info Ctr 98.3 95.2 86.8
Midwest Market Solutions 98.8 96.9 86.9
NFC Markets 98.7 98.8 86.7
Texas A&M Extension 97.8 92.7 86.7
US Commodities 98.8 98.5 87.5

DJ USDA Grain Inspections for Export in Metric Tons – Feb 17
WA_GR101
Washington, DC Tue Feb 17, 2026 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 FEB 12, 2026
— METRIC TONS —
————————————————————————-
CURRENT PREVIOUS
———– WEEK ENDING ———- MARKET YEAR MARKET YEAR
GRAIN 02/12/2026 02/05/2026 02/13/2025 TO DATE TO DATE
BARLEY 0 196 0 6,509 9,207
CORN 1,492,383 1,610,092 1,623,127 35,726,976 24,749,316
FLAXSEED 0 0 24 408 288
MIXED 0 0 0 0 122
OATS 0 299 0 5,386 148
RYE 0 0 0 0 0
SORGHUM 241,515 125,166 3,822 1,726,465 1,464,295
SOYBEANS 1,202,617 1,144,938 727,529 24,348,735 36,019,599
SUNFLOWER 0 0 0 0 0
WHEAT 375,402 580,619 250,829 17,704,091 14,888,976
Total 3,311,917 3,461,310 2,605,331 79,518,570 77,131,951
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

WHEAT
General Comments: Wheat closed lower yesterday on what appeared to be speculative selling. The selling was helped by the weaker export inspections. The weather is now averaging above normal temperatures and some rain is forecast for parts of the Great Plains and Midwest. Temperatures were cold enough a couple of weeks ago to promote Winterkill. Many parts of the Great Plains are too dry for best yield potential, but USDA has recently rated the crops in good condition. Russia has been cold as well, bust no losses have been reported although some damage is possible.
Overnight News:
Chart Analysis: Trends in Chicago are mixed to up. Support is at 531, 525, and 522 March, with resistance at 555, 565, and 571 March. Trends in Kansas City are mixed to up. Support is at 533, 525, and 516 March, with resistance at 550, 559, and 565 March. Trends in Minneapolis are not available.

RICE:
General Comments Rice was sharply lower yesterday and trends are now down. The weekly export sales report was considered positive. Futures have been recovering for the last month after a very long and sizable down move, but the up move came to an apparent end yesterday. 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 mixed as demand remains moderate for US Rice.
Overnight News:
Chart Analysis: Trends are mixed. Support is at 1056 1051, and 1037 March and resistance is at 1107, 1117, and 1134 March.

CORN AND OATS
General Comments: Corn was lower yesterday on what appeared to be speculative selling. Trends are still mixed. There are still excessive supplies as seen in the recent USDA reports after trending higher against strong demand. USDA increased production in the annual reports and the increased supplies have made it hard for prices to rally at all despite the 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 this week but will return to near normal temperatures by this weekend. Oats were a little higher and trends are still mixed on the weekly charts.
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 306, 299, and 294 March, and resistance is at 312, 317, and 320 March.

SOYBEANS
General Comments: Soybeans and Soybean Oil was higher yesterday on what appeared to be speculative buying even though the big South American crops were still in the news. South American sources said that the Brazil crops are now more than 21% harvested. There are still ideas of additional Chinese demand soon that were fueled by statements by President Trump that he and Xi had talked and that the president had pushed him for more Soybeans purchases as both sides work to reduce trade tensions between the countries. It will be up to the Chinese government to buy as US Soybeans are too high priced for commercial demand from commercial users in 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 concerned about big supplies coming soon from South America with the Soybeans harvest there now underway. Temperatures will average above normal in the Midwest this week but near normal this weekend.
Overnight News:
Analysis: Trends in Soybeans are mixed to up. Support is at 1122, 1116, and 1106 March, and resistance is at 1141, 1150, and 1159 March. Trends in Soybean Meal are mixed to up. Support is at 302.00, 297.00, and 289.00 March, and resistance is at 311.00, 316.00, and 321.00 March. Trends in Soybean Oil are mixed to up. Support is at 5610, 5500, and 5410 March, with resistance at 5800, 5860, and 5920 March.

PALM OIL AND CANOLA
General Comments: Palm Oil futures was closed today for the Lunar New Year. 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 last week 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 657.00, 647.00, and 641.00 March, with resistance at 668.00, 674.00, and 680.00 March. Trends in Palm Oil are up. Support is at 3990, 3930, and 3870 May, with resistance at 4100, 4160, and 4200 May.

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