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Jack Scoville

Jack Scoville is an often quoted market analyst in the grain and soft commodities sectors. You will find his commentary throughout the Reuters, Wall Street Journal, Dow Jones, Bloomberg, and Barron's publications. Contact Mr. Scoville at (312) 264-4322

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Grains Report 07/14/2026

By On July 14, 2026 - 10:20 AM · In Market Commentaries, Morning Grains & Softs Report
DJ USDA Grain Inspections for Export in Metric Tons – Jul 13
WA_GR101
Washington, DC    Mon   Jul 13, 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 JUL 09, 2026
                            — METRIC TONS —
————————————————————————-
                                                   CURRENT     PREVIOUS
             ———– WEEK ENDING ———-  MARKET YEAR  MARKET YEAR
  GRAIN      07/09/2026  07/02/2026  07/10/2025    TO DATE     TO DATE
BARLEY             98           0           0          220          342
CORN        1,539,718   1,734,997   1,314,302   72,207,908   57,833,443
FLAXSEED            0           0          24           48           48
MIXED               0           0           0            0          122
OATS                0           0           0            0        1,297
RYE                 0           0           0            0            0
SORGHUM           636       2,325       2,419    4,595,232    1,956,601
SOYBEANS      418,592     542,355     151,933   38,285,458   46,444,732
SUNFLOWER           0           0           0           40            0
WHEAT         373,611     146,824     444,631    1,892,675    2,289,113
Total       2,332,655   2,426,501   1,913,309  116,981,581  108,525,698
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
DJ CBOT Delivery Intentions: Totals – Jul 14
Source: CME Group
                 Contract                        Quantity   Next Trade
Commodity        Month      Delivery Day   Assigned Today   Date Available
SOYBEAN MEAL     July       Jul 15, 2026                2   Jun 26, 2026
ROUGH RICE       July       Jul 15, 2026               75   Jul 13, 2026
KC   HRW WHEAT   July       Jul 15, 2026               30   Jul 10, 2026
OATS             July       Jul 15, 2026                2   Jul 13, 2026
WHEAT:
General Comments:   Wheat closed lower in both markets yesterday as the rally tied to the USDA reports and world weather fund new footing.  The harvest continues and harvest yield reports remain low.  USDA said that Winter Wheat production is below the previous estimat3e at 990 million bushels.  Spring Wheat production was estimated higher at 475 million bushels and Durum production was decreased to 71 million bushels.  All Wheat production was higher at 1.536 billion bushels.  Wheat stocks were 920 million bushels for 2025-26 and 722 million bushels for 2026-27.  The crop condition ratings are still among the lowest in over 30 years in HRW areas and have provided some support for prices.  Conditions are good in the US Midwest, but Europe has been too hot.  The weather is now featuring scattered showers for parts of the Midwest along with cooler temperatures.
Overnight News:
Chart Analysis: Trends in Chicago are up.  Support is at 626, 621, and 602 September, with resistance at 660, 674, and 692 September.  Trends in Kansas City are up.  Support is at 659, 639, and 627 September, with resistance at 692, 708, and 729 September. Trends in Minneapolis are not available
RICE:
General Comments   Rice closed lower after opening higher yesterday.  USDA said that Rice planted area is estimated at 2.017 million acres and harvested area is estimated at 1.979 million acres.  Long grain planted area is 1.395 million acres and harvested area is 1.375 million.  Yield was increased, but production was cut to 153.3 million cwt and ending stocks were reduced to 30.09 million cwt for All Rice.  Emergence is about average, and condition was slightly improved from last week.  Demand remains moderate to poor for US Rice and was moderate to poor last week.
Overnight News:
Chart Analysis: Trends are mixed.  Support is at 1340, 1292, and 1268 September and resistance is at 1416, 1428, and 1440 September.
CORN AND OATS
General Comments:  Corn was higher yesterday ss the rally tied to too much rain in many Midwest growing areas and hot and dry weather in Europe continued to fizzle out.  USDA showed that stocks were less than trade expectations at 2.020 billion bushels for the current year and 1.790 billion for the coming year on increased feed demand for the current year and increased export demand for the coming year.  Corn planted area was estimated at 95.343 million acres and that harvested area is estimated at 87.4 million acres.  It should be cool with showers around this week.  The crop conditions are strong but below aa year ago.  Forecasts for good growing conditions continue in the Midwest.  Silking is starting.  Temperatures in the Midwest should be cool for the next week.  Oats were lower yesterday and trends are up on the weekly charts, and are up on the daily charts.  Oats ending stocks were increased by 6 million bushels to 32 million.
Overnight News:
Chart Analysis:  Trends in Corn are up.  Support is at 406, 404, and  401 September, and resistance is at 454, 459, and 465 September.  Trends in Oats are up.  Support is at 328, 318, and 307 September, and resistance is at 361, 364, and 370 September.
SOYBEANS
General Comments: Soybeans and the products were higher on the rally tied to the USDA reports on reports of improved conditions in the Midwest and new China demand news.  Soybeans stocks were estimated at330 million bushels for the current year and 310 million for the next year and are below trade estimates.  Rapid planting and emergence progress was shown by USDA this week and reports of good conditions continue.  Condition is rated high by USDA in the latest reports.  Futures were also higher of news of China demand.  Cooler temperatures and wet weather are expected for the next week in the Midwest. There is talk that more Soybeans could be planted as Corn planting is more expensive.  The big South American harvests are also weighing on prices.
Overnight News:  USDA confirmed sales of 136,000 tons of US Soybeans to China.
Analysis:  Trends in Soybeans are up.  Support is at 1163, 1154, and 1149 August, and resistance is at 1220, 1232, and 1244 August.  Trends in Soybean Meal are up.  Support is at 315.00, 309.00, and 305.00 August, and resistance is at 325.00, 329.00,and 333.00 August.  Trends in Soybean Oil are mixed.  Support is at 6540, 6440, and 6320 August, with resistance at 7310, 7460, and 7580 August.
]
PALM OIL AND CANOLA
General Comments:   Palm Oil was higher again today with support coming from competing oils markets.  Canola was higher on Chicago price action.
Overnight News
Chart Analysis: Trends in Canola are mixed to up.  Support is at 740.00, 728.00, and 710.00 November, with resistance at 791.00, 797.00, and 803.00 November.  Trends in Palm Oil are mixed.  Support is at 4470, 4410, and 4290 September, with resistance at 4710, 4740, and 4820 September.
DJ Malaysian PM Cash Market Prices for Palm Oil – July 14
  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
July          1142.50    +05.00      Unquoted   –        –
Aug           1147.50    +07.50      Unquoted   –        –
Sep           1157.50    +07.50      Unquoted   –        –
Oct/Nov/Dec   1172.50    +10.00      Unquoted   –        –
Jan/Feb/Mar   1195.00    +10.00      Unquoted   –        –
Apr/May/Jun   1195.00    +07.50      Unquoted   –        –
RBD palm olein, FOB, Malaysian ports
              Offer      Change      Bid        Change   Traded
July          1147.50    +05.00      Unquoted   –        –
Aug           1152.50    +07.50      Unquoted   –        –
Sep           1162.50    +07.50      Unquoted   –        –
Oct/Nov/Dec   1177.50    +10.00      Unquoted   –        –
Jan/Feb/Mar   1200.00    +10.00      Unquoted   –        –
Apr/May/Jun   1200.00    +07.50      Unquoted   –        –
RBD palm stearin, FOB, Malaysian ports
              Offer      Change      Bid        Change   Traded
July          1117.50    +17.50      Unquoted   –        –
Palm Fatty Acid Distillate, FOB Malaysian ports
              Offer      Change      Bid        Change   Traded
July          1072.50    +15.00       Unquoted   –        –
Crude palm oil, Delivered Basis, South Malaysia
              Offer      Change      Bid        Change   Traded
July          4,520.00   +40.00      Unquoted   –        –
Palm kernel oil, Delivered Basis, South Malaysia
              Offer      Change      Bid        Change   Traded
July          480.00     +05.00      Unquoted   –        –
($1=MYR4.076)
Questions? Ask Jack Scoville today at 312-264-4322        
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