Grains Report 05/20/2026

DJ Analysts’ Estimates for May 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 (1900 GMT) Friday.
Average Range
of estimates of estimates
On-feed May 1 101.6 100.2 – 102.4
Placed in Apr 104.6 96.2 – 108.5
Marketed in Apr 90.7 89.9 – 91.7
Analyst On-Feed Placements Marketed
May 1 in Apr in Apr
Allegiant Commodity Group 101.8 105.9 90.5
Allendale Inc. 100.2 96.2 91.7
HedgersEdge 102.1 108.3 90.6
Livestock Mktg Info Ctr 101.3 102.4 90.5
Midwest Market Solutions 102.4 108.5 90.9
NFC Markets 101.3 101.7 89.9
Texas A&M Extension 101.6 104.0 90.4
US Commodities 101.6 105.0 91.0

DJ USDA Grain Inspections for Export in Metric Tons – May 18
WA_GR101
Washington, DC Mon May 18, 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 MAY 14, 2026
— METRIC TONS —
————————————————————————-
CURRENT PREVIOUS
———– WEEK ENDING ———- MARKET YEAR MARKET YEAR
GRAIN 05/14/2026 05/07/2026 05/15/2025 TO DATE TO DATE
BARLEY 0 0 0 7,145 10,307
CORN 1,378,770 1,703,760 1,760,433 58,576,526 45,584,618
FLAXSEED 0 200 0 824 456
MIXED 0 0 0 0 122
OATS 0 0 299 5,785 946
RYE 0 0 0 0 0
SORGHUM 141,397 78,093 51,048 3,874,138 1,735,384
SOYBEANS 483,881 663,401 225,358 34,472,388 44,166,638
SUNFLOWER 0 0 0 40 0
WHEAT 223,972 511,703 431,383 23,098,775 20,750,076
Total 2,228,020 2,957,157 2,468,521 120,035,621 112,248,547
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 higher in both markets again yesterday on follow through buying tied to reduced condition ratings for the Winter Wheat crops and as the White House announced over the weekend that China had agreed to purchase up to 17 billion dollars of US Ag goods in addition to Soybeans. China has not commented on the reports. The crop condition ratings are now the lowest in over 35 years. The higher close came despite selling tied to the US China summit late last week. President Trump announced he was pausing Operation Freedom to give the US and Iran a chance to work out o cease fire deal but rejected a de3al with Iran over the weekend. USDA showed deteriorating crop conditions yesterday. Conditions are too dry in much of the US Great Plains but remain wet in the US Midwest and in western Europe for best quality potential. The weather is now featuring precipitation is forecast for parts of the Midwest along with variable temperatures. It has been cold in Russia and frosts were reported. Some frosts are possible in Europe this week. The strait of Hormuz remains closed.
Overnight News:
Chart Analysis: Trends in Chicago are mixed to up. Support is at 631, 628, and 606 July, with resistance at 684, 696, and 708 July. Trends in Kansas City are mixed to up. Support is at 678, 664, and 66 July, with resistance at 722, 756, and 762 July. Trends in Minneapolis are not available.

RICE:
General Comments Rice closed higher again yesterday and at the highest level since last July in reaction to strength in other CBT markets. Production was cut back mostly due to reduced planted and harvested area. Yields were actually held high. Domestic and export demand were also cut back but less than production and ending stocks were estimated at 42.3 million cwt for all Rice and 28.1 million cwt for Long Grain. 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. Planting and emergence are ahead of average and condition is rated high. Demand remains moderate for US Rice but export demand has been less lately.
Overnight News:
Chart Analysis: Trends are up. Support is at 1237, 1215, and 1178 July and resistance is at 1289, 1300, and 1312 July.

CORN AND OATS
General Comments: Corn was a little lower yesterday on strong planting and emergence progress in reports released by USDA and on further consideration of the White House announcement over the weekend that China had agreed to purchase up to 17 billion dollars of US Ag goods in addition to Soybeans. China has not commented on the reports. Planting has been very active in all of the Midwest and is now over half done. It looks drier this week, but not completely dry. Temperatures in the Midwest should be variable for the next week. Conditions are called good in Argentina and big production is expected there. Oats were higher and trends are up on the daily and weekly charts.
Overnight News:
Chart Analysis: Trends in Corn are mixed to up. Support is at 452, 449, and 446 July, and resistance is at 487, 493, and 500 July. Trends in Oats are up. Support is at 367, 358, and 351 July, and resistance is at 386, 392, and 398 July

SOYBEANS
General Comments: Soybeans and the products were a little higher yesterday despite rapid planting progress shown by USDA as the White House announced over the weekend that China had agreed to purchase up to 17 billion dollars of US Ag goods in addition to Soybeans. China has not commented on the reports. Temperatures have been cool in the Midwest but planting is ahead of normal. Variable temperatures are expected for the next week. There is talk that more Soybeans could be planted if the weather does not improve for Corn planting soon. The big South American harvests are also weighing on prices. 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 harvested. The tariff wars between the US and other countries add to cost of US Soybeans.
Overnight News:
Analysis: Trends in Soybeans are mixed. Support is at 1202, 1183, and 1172 July, and resistance is at 1235, 1251, and 1262 July. Trends in Soybean Meal are mixed. Support is at 328.00, 322.00, and 310.00 July, and resistance is at 342.00, 345.00,and 348.00 July. Trends in Soybean Oil are mixed to up. Support is at 7420, 7320, and 7140 July, with resistance at 7700, 7760, and 7820 July.

PALM OIL AND CANOLA
General Comments: Palm Oil was near unchanged today and Canola was higher yeswterday.
Overnight News:
Chart Analysis: Trends in Canola are mixed. Support is at 741.00, 729.00, and 709.00 July, with resistance at 758.00, 769.00, and 772.00 July. Trends in Palm Oil are mixed to up. Support is at 4460, 4350, and 4320 July, with resistance at 4540, 4720, and 4800 July

DJ Malaysia May 1-20 Palm Oil Exports Fell 20.51% on Month to 690,220 Tons, AmSpec Says
By Ronnie Harui
Malaysia’s palm oil exports during the May 1-20 period are estimated down 20.51% on month at 690,220 metric tons, cargo surveyor AmSpec Agri Malaysia said Wednesday.
The following are the major items in the AmSpec estimate:
(All figures in metric tons)
May 1-20 April 1-20
RBD Palm Olein 144,325 137,140
RBD Palm Oil 75,825 66,429
RBD Palm Stearin 61,380 82,605
Crude Palm Oil 133,603 185,075
Total* 690,220 868,281
*Palm oil product volumes don’t add up to total as some products aren’t included.

DJ Malaysian PM Cash Market Prices for Palm Oil – May 20
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Wednesday, 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
Jun 1190.00 00.00 Unquoted – –
Jul/Aug/Sep 1190.00 -02.50 Unquoted – –
Oct/Nov/Dec 1202.50 00.00 Unquoted – –
Jan/Feb/Mar 1212.50 +02.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Jun 1195.00 00.00 Unquoted – –
Jul/Aug/Sep 1195.00 -02.50 Unquoted – –
Oct/Nov/Dec 1207.50 00.00 Unquoted – –
Jan/Feb/Mar 1217.50 +02.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Jun 1155.00 +05.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Jun 1072.50 00.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jun 4,550.00 -30.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jun 464.00 -01.00 Unquoted – –
($1=MYR3.97)

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