Grains Report 02/24/2026

DJ USDA Grain Inspections for Export in Metric Tons – Feb 23
WA_GR101
Washington, DC Mon Feb 23, 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 19, 2026
— METRIC TONS —
————————————————————————-
CURRENT PREVIOUS
———– WEEK ENDING ———- MARKET YEAR MARKET YEAR
GRAIN 02/19/2026 02/12/2026 02/20/2025 TO DATE TO DATE
BARLEY 0 122 0 6,631 9,207
CORN 2,005,050 1,504,851 1,166,368 37,744,861 25,915,684
FLAXSEED 0 0 0 408 288
MIXED 0 0 0 0 122
OATS 399 0 0 5,785 148
RYE 0 0 0 0 0
SORGHUM 200,287 241,515 5,685 1,926,752 1,469,980
SOYBEANS 669,865 1,215,299 879,226 25,033,167 36,898,825
SUNFLOWER 0 0 0 0 0
WHEAT 535,113 377,973 389,552 18,243,611 15,278,528
Total 3,410,714 3,339,760 2,440,831 82,961,215 79,572,782
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 after trading higher early in the session on uncertainty about the Trump tariffs moving forward. There are higher prices paid in overseas markets and on drier weather in the Great Plains. The weather is now averaging above normal temperatures and some rain is forecast for parts of the Great Plains and Midwest, but variable temperatures are coming now or in the next couple of days along with some beneficial precipitation in a few areas. 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, but no losses have been reported although some damage is possible.
Overnight News:
Chart Analysis: Trends in Chicago are mixed to up. Support is at 553, 549, and 535 March, with resistance at 577, 583, and 589 March. Trends in Kansas City are mixed to up. Support is at 555, 542, and 535 March, with resistance at 583, 589, and 595 March. Trends in Minneapolis are not available.

RICE:
General Comments Rice was lower yesterday and trends are down. The weekly export sales report was considered positive. Futures had been recovering for the last month after a very long and sizable down move, but the up move came to an apparent end last week. Traders anticipate less production this year in the US and around the world due to low prices. Asian Rice prices are under pressure now due to a weaker Indian Rupee that forced costs for Indian Rice lower. Trends are mixed as demand remains moderate for US Rice.
Overnight News:
Chart Analysis: Trends are mixed to down. Support is at 997, 984, and 972 March and resistance is at 1051, 1056, and 11 March.

CORN AND OATS
General Comments: Corn was slightly lower after trading higher early in the day. Trends are still mixed. There are still excessive supplies as seen in the recent USDA reports after trending higher against strong demand. Temperatures in the Midwest should average near to above normal this week. Conditions are called good in Argentina and big production is expected there. Oats were a little higher and trends are up on the daily and 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 up. Support is at 306, 299, and 294 March, and resistance is at 338, 344, and 350 March.

SOYBEANS
General Comments: Soybeans and Soybean Meal were lower yesterday as the big South American crops were still in the news. Soybean Oil was higher. South American sources said that the Brazil crops are now more than 30% 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. Temperatures will average near to above normal in the Midwest this week.
Overnight News:
Analysis: Trends in Soybeans are mixed to up. Support is at 1122, 1116, and 1106 March, and resistance is at 1150, 1159, and 1172 March. Trends in Soybean Meal are mixed to up. Support is at 302.00, 297.00, and 289.00 March, and resistance is at 316.00, 321.00, and 325.00 March. Trends in Soybean Oil are mixed to up. Support is at 5610, 5500, and 5410 March, with resistance at 6040, 6100, and 6160 March.

PALM OIL AND CANOLA
General Comments: Palm Oil futures were lower today on speculative selling. Ideas of increasing seasonal demand and 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 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 681.00, 686.00, and 692.00 March. Trends in Palm Oil are up. Support is at 3990, 3930, and 3870 May, with resistance at 4100, 4160, and 4200 May.

DJ Malaysian PM Cash Market Prices for Palm Oil – Feb. 24
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Tuesday, 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
Mar 1077.50 -07.50 Unquoted – –
Apr/May/Jun 1077.50 -07.50 Unquoted – –
Jul/Aug/Sep 1077.50 -12.50 Unquoted – –
Oct/Nov/Dec 1077.50 -12.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Mar 1082.50 -07.50 Unquoted – –
Apr/May/Jun 1082.50 -07.50 Unquoted – –
Jul/Aug/Sep 1082.50 -12.50 Unquoted – –
Oct/Nov/Dec 1082.50 -12.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Mar 1045.00 -10.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Mar 1035.00 -15.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Mar 4,070.00 -30.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Mar 428.00 -03.00 Unquoted – –
($1=MYR3.8975)

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