Grains Report 04/07/2026

DJ USDA Grain Inspections for Export in Metric Tons – Apr 6
WA_GR101
Washington, DC Mon Apr 06, 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 APR 02, 2026
— METRIC TONS —
————————————————————————-
CURRENT PREVIOUS
———– WEEK ENDING ———- MARKET YEAR MARKET YEAR
GRAIN 04/02/2026 03/26/2026 04/03/2025 TO DATE TO DATE
BARLEY 0 0 122 7,145 9,867
CORN 2,002,151 1,879,892 1,613,460 48,465,365 35,684,528
FLAXSEED 48 24 0 528 384
MIXED 0 0 0 0 122
OATS 0 0 0 5,785 647
RYE 0 0 0 0 0
SORGHUM 59,357 179,781 19,859 2,925,703 1,604,223
SOYBEANS 779,352 694,076 816,857 30,670,386 41,591,614
SUNFLOWER 0 0 0 40 0
WHEAT 334,106 386,254 335,388 20,666,798 17,728,820
Total 3,175,014 3,140,027 2,785,686 102,741,750 96,620,205
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 in Chicago and in Kansas City yesterday on improving weather forecasts for the western Great Plains. The forecasts call for some rain in the next week or so. Trump said on that he would bomb Iran heavily string as early as tonight Iran does not make a deal. Middle eastern countries are big buyers of world Wheat, and many have been bombed by Iran now. Iran has denied the talks are happening, but the president announced a two week extension of the pause in hostilities to give negotiations more time to work. Conditions are too dry in much of the US Great Plains and too wet in the US Midwest and in western Europe for best production and quality potential. Expected rain systems this week in the Great Plains could bring relief to crops produced there. The weather is now featuring precipitation is forecast for parts of the Midwest along with variable temperatures.
Overnight News:
Chart Analysis: Trends in Chicago are mixed to down. Support is at 578, 564, and 558 May, with resistance at 642, 648, and 665 May. Trends in Kansas City are mixed to down. Support is at 591, 580, and 567 May, with resistance at 657, 660, and 666 May. Trends in Minneapolis are not available.

RICE:
General Comments Rice closed lower yesterday and trends are turning mied on the daily and weekly charts. The market failed at resistance on the weekly charts. Trends are still up on the daily charts after a big war related rally with the war with Iran and the political problems with China not having much effect on prices. Traders anticipate less production this year in the US and around the world due to low prices. USDA said that Rice planted area would be about 12% less in the coming year. Asian Rice prices are higher due to war concerns. Demand remains moderate for US Rice.
Overnight News:
Chart Analysis: Trends are mixed to down. Support is at 1090, 1063, and 1055 May and resistance is at 1145, 1152, and 1166 May.

CORN AND OATS
General Comments: Corn was a little higher yesterday as the weather is good in the US and early planting is expected. Early planting traditionally leads to large yields. President Trump said that Iran could expect heavy bombing starting tonight if it does not accept the peace deal. Shipping has been halted at Hormuz, and some ships have been blown up. The Trump administration does not seem to have plans for the war moving forward. Wire reports note that US Corn cash markets had been struggling to follow futures markets higher due to excessive supplies and the weekly export inspections report showed demand was in line with expectations. There are still excessive supplies as seen in the recent USDA reports after prices were trending higher on strong demand. Temperatures in the Midwest should variable for the next week. Conditions are called good in Argentina and big production is expected there. Oats were higher and trends are down on the daily charts and mixed to on the weekly charts.
Overnight News:
Chart Analysis: Trends in Corn are mixed. Support is at 444, 441, and 437 May, and resistance is at 477, 480, and 483 May. Trends in Oats are mixed to down. Support is at 314, 307, and 301 May, and resistance is at 380, 383, and 386 May

SOYBEANS
General Comments: Soybeans and the products were higher yesterday. Trump said that he would resume heavy bombing of Iran tonight if that country did not accept his cease fire terms. There was more news that Iran has laid mines in the straits of Hormuz and it bombed oil infrastructure in Gulf states. Shipping has been halted. The US government apparently has no idea on how to manage risks in the Hormuz or how to end the war. Big South American crops are being harvested, and ideas are that Chinese buying could be interrupted due to the Iran war and new import rules imposed by China. South American sources said that the Brazil crops are now more than 65% harvested. The tariff wars between the US and other countries add to cost of US Soybeans. Temperatures will be variable in the Midwest for the next week.
Overnight News:
Analysis: Trends in Soybeans are mixed. Support is at 1144 1137, and 1127 May, and resistance is at 1216, 1234, and 1239 May. Trends in Soybean Meal are up. Support is at 307.00, 304.00, and 301.00 May, and resistance is at 332.00, 339.00,and 345.00 May. Trends in Soybean Oil are up. Support is at 5970, 5850, and 5800 May, with resistance at 6960, 7020, and 7080 May.

PALM OIL AND CANOLA
General Comments: Palm Oil futures was lower today as the effects on demand from the Iran war keep bio fuels demand hopes active and Crude Oil futures and other petroleum markets strong. Demand ideas are in a state of flux right now due to the war. Canola was lower yesterday.
Overnight News:
Chart Analysis: Trends in Canola are mixed to up. Support is at 682.00, 673.00, and 667.00 May, with resistance at 758.00, 764.00, and 770.00 May. Trends in Palm Oil are up. Support is at 4510, 4370, and 4310 May, with resistance at 4680, 4800, and 4860 May.

DJ Malaysian PM Cash Market Prices for Palm Oil – April 7
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
Apr 1210.00 -12.50 Unquoted – –
May 1212.50 -15.00 Unquoted – –
Jun 1217.50 -10.00 Unquoted – –
Jul/Aug/Sep 1220.00 -10.00 Unquoted – –
Oct/Nov/Dec 1195.00 -12.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Apr 1215.00 -12.50 Unquoted – –
May 1217.50 -15.00 Unquoted – –
Jun 1222.50 -10.00 Unquoted – –
Jul/Aug/Sep 1225.00 -10.00 Unquoted – –
Oct/Nov/Dec 1200.00 -12.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Apr 1170.00 -07.50 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Apr 1105.00 -15.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Apr 4,750.00 -10.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Apr 526.00 -04.00 Unquoted – –
($1=MYR4.0305)

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