Grains Report 07/23/2026

DJ U.S. Export Sales: Weekly Sales Totals-Jul 23
For the week ended Jul 16, in thousand metric tons, except cotton in
thousand running bales. Net changes in commitments are gross sales,
less cancellations, buy-backs and other downward adjustments. Total
commitments are total export shipments plus total sales.
The marketing year for wheat and barley began Jun 1, cotton and
and rice Aug 1, corn, soybeans and sorghum Sep 1, and soymeal and
soyoil Oct 1. Source: USDA
wk’s net chg total
in commitments commitments undlvd sales
this yr next yr this yr last yr this yr next yr
wheat 290.0 0.0 6635.6 8952.4 4381.9 26.9
hrw 77.8 0.0 1623.1 3455.2 922.2 0.0
srw 90.7 0.0 1061.5 1453.5 661.2 0.0
hrs 95.0 0.0 1957.3 2552.1 1371.1 0.0
white 26.5 0.0 1801.7 1358.1 1297.3 26.9
durum 0.0 0.0 191.9 133.6 130.2 0.0
corn 332.7 701.5 86612.7 70109.9 11767.8 7561.1
soybeans 56.4 1537.2 41380.2 50751.2 2899.5 6135.7
soymeal 185.0 406.1 17540.9 15310.5 3556.8 1369.5
soyoil 0.6 0.0 376.1 1078.9 23.5 0.5
upland cotton 51.3 16.1 12002.3 11800.3 1328.4 2526.9
pima cotton 3.2 1.5 494.1 460.8 56.3 96.0
sorghum 5.7 0.0 5056.0 1733.5 300.3 0.0
barley 2.9 0.0 43.1 61.3 36.9 0.0
rice 7.3 85.7 2660.2 3103.1 222.3 315.1

WHEAT:
General Comments: Wheat closed much higher in both markets yesterday after the big rally last week. The rally was and is tied to increased tensions in the Black Sea with Russia unable to ship anything through th4 Azov Sea and to the USDA reports and world weather found new footing. The harvest has been interrupted by too much rain in Texas and harvest yield reports remain low The crop harvest us now about three quarters complete. Spring Wheat has been heading and is rated 53% good to excellent. 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 moderate temperatures after a got week last week. The Great Plains should stay hot and dry except for Texas.
Overnight News:
Chart Analysis: Trends in Chicago are up. Support is at 660, 647, and 629 September, with resistance at 712, 724, and 736 September. Trends in Kansas City are up. Support is at 691, 679, and 659 September, with resistance at 770, 782, and 794 September. Trends in Minneapolis are not available

RICE:
General Comments Rice closed higher again yesterday. USDA said that Rice planted and harvested area is estimated to be sharply lower this year, leading to much lower production and tighter ending stocks estimates. Emergence is about average, and condition has deteriorated 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 1381, 1340, and 1292 September and resistance is at 1449, 1452, and 1464 September.

CORN AND OATS
General Comments: Corn was higher yesterday on follow through buying as the rally tied to too much rain in many Midwest growing areas and hot and dry weather in the western Midwest and in Europe remained It should be warm with showers in the northern Midwest this week but other areas should stay mostly dry. The crop conditions are strong but unchanged from last week and below aa year ago. Dough is starting and progress is ahead of normal. Temperatures in the Midwest should be cooler this week. Oats were higher yesterday and trends are up on the weekly charts and are up on the daily charts.
Overnight News:
Chart Analysis: Trends in Corn are up. Support is at 436, 427, and 421 September, and resistance is at 465, 472, and 478 September. Trends in Oats are up. Support is at 328, 318, and 307 September, and resistance is at 364, 370, and 376 September.

SOYBEANS
General Comments: Soybeans and the products were higher yesterday on reports of improved conditions in the Northern Midwest but hot and dry weather in other areas and on no new China demand news. Rapid blooming and setting pods progress was shown by USDA this week and reports of good conditions continue. Condition is rated high by USDA in the latest reports but unchanged from last week and below a year ago. Warmer temperatures and wet weather in northern areas are expected for the next week in the Midwest. The big South American harvests are also weighing on prices.
Overnight News: Unknown destinations bought 126,000 tons of US Soybeans.
Analysis: Trends in Soybeans are mixed to up. Support is at 1208, 1185, and 1170 August, and resistance is at 1244, 1256, and 1268 August. Trends in Soybean Meal are up. Support is at 315.00, 309.00, and 305.00 August, and resistance is at 346.00, 344.00,and 356.00 August. Trends in Soybean Oil are mixed. Support is at 7310, 7170, and 6940 August, with resistance at 7550, 7680, and 7810 August.

PALM OIL AND CANOLA
General Comments: Palm Oil closed higher today on strength in the outside markets. Canola was higher yesterday.
Overnight News
Chart Analysis: Trends in Canola are mixed to up. Support is at 797.00, 780.00, and 768.00 November, with resistance at 826.00, 836.00, and 848.00 November. Trends in Palm Oil are mixed. Support is at 4530, 4490, and 4430 October, with resistance at 4560, 4740, and 4780 October.

DJ Malaysian PM Cash Market Prices for Palm Oil – July 23
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Thursday, 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
Aug 1157.50 +10.00 Unquoted – –
Sep 1172.50 +15.00 Unquoted – –
Oct/Nov/Dec 1192.50 +20.00 Unquoted – –
Jan/Feb/Mar 1210.00 +17.50 Unquoted – –
Apr/May/June 1210.00 +17.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Aug 1162.50 +10.00 Unquoted – –
Sep 1177.50 +15.00 Unquoted – –
Oct/Nov/Dec 1197.50 +20.00 Unquoted – –
Jan/Feb/Mar 1215.00 +17.50 Unquoted – –
Apr/May/Jun 1215.00 +17.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Aug 1125.00 +15.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Aug 1075.00 +15.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Aug 4,600.00 +60.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Aug 492.00 -02.00 Unquoted – –
($1=MYR4.087)

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