Grains Report 08/10/2026

DJ CBOT Delivery Intentions: Totals – Aug 10
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL August Aug 11, 2026 6 Jul 30, 2026
SOYBEAN OIL August Aug 11, 2026 26 Aug 03, 2026
SOYBEAN August Aug 11, 2026 17 Aug 04, 2026

WHEAT:
General Comments: Wheat was a little higher last week after reports of more war between Ukraine and Russia. The price action was also tied to reports of reduced exports despite increased tensions in the Black Sea with Ukrainian bombing keeping Russia unable to ship anything through the Azov Sea and world weather. The harvest has been interrupted by too much rain in Texas and harvest yield reports remain low The crop harvest is over 86% complete. Spring Wheat has been heading and is rated 55% good to excellent. The harvest is underway. 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.
Overnight News:
Chart Analysis: Trends in Chicago are mixed. Support is at 626, 620, and 614 September, with resistance at 658, 670, and 686 September. Trends in Kansas City are mixed. Support is at 691, 679, and 659 September, with resistance at 755, 770, and 79 September. Trends in Minneapolis are not available

COT — Supplemental Report – Option and Futures Combined Positions as of August 04, 2026
: Reportable Positions : Nonreportable
:—————————————————————————————- : Positions
: Non-Commercial : Commercial : Index Traders : Total
: Long : Short :Spreading: Long : Short : Long : Short : Long : Short : Long : Short
——————————————————————————————————————-
WHEAT-SRW – CHICAGO BOARD OF TRADE
CFTC Code #001602 Open Interest is 567,126
: Positions :
: 64,311 99,894 209,110 118,270 143,711 137,359 75,780 529,049 528,495: 38,077 38,631
: Changes from: July 28, 2026 (Change in open interest: 768) :
: -2,020 10,335 9,644 1,351 -10,039 -8,751 -8,600 223 1,339: 545 -571
: Percent of Open Interest Represented by Each Category of Trader :
: 11.3 17.6 36.9 20.9 25.3 24.2 13.4 93.3 93.2: 6.7 6.8
: Total Traders: 422 Number of Traders in Each Category :
: 123 103 140 95 116 45 26 337 318:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of August 04, 2026
: Reportable Positions : Nonreportable
:—————————————————————————————- : Positions
: Non-Commercial : Commercial : Index Traders : Total
: Long : Short :Spreading: Long : Short : Long : Short : Long : Short : Long : Short
——————————————————————————————————————-
WHEAT-HRW – CHICAGO BOARD OF TRADE
CFTC Code #001612 Open Interest is 356,687
: Positions :
: 51,735 44,835 131,191 60,728 130,897 90,541 27,765 334,195 334,689: 22,492 21,998
: Changes from: July 28, 2026 (Change in open interest: 4,545) :
: 1,810 -509 3,361 -3,229 -259 2,608 1,529 4,550 4,121: -5 424
: Percent of Open Interest Represented by Each Category of Trader :
: 14.5 12.6 36.8 17.0 36.7 25.4 7.8 93.7 93.8: 6.3 6.2
: Total Traders: 274 Number of Traders in Each Category :
: 64 58 89 73 94 34 15 218 217:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 4, 2026
: Reportable Positions :
:————————————————————————————————————- :
: Producer/Merchant : : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables :
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading :
—————————————————————————————————————-
WHEAT-HRSpring – MIAX FUTURES EXCHANGE (CONTRACTS OF 5,000 BUSHELS) :
CFTC Code #001626 Open Interest is 87,504 :
: Positions :
: 42,841 60,534 7,065 0 757 17,989 9,122 4,911 1,600 1,041 3,048 :
: Changes from: July 28, 2026 :
: -1,422 2,635 2,837 0 -36 -1,466 -2,482 432 -107 -533 609 :
: Percent of Open Interest Represented by Each Category of Trader :
: 49.0 69.2 8.1 0.0 0.9 20.6 10.4 5.6 1.8 1.2 3.5 :
: Number of Traders in Each Category Total Traders: 121 :
: 57 42 9 0 5 15 11 9 11 4 7 :
—————————————————————————————————————-

RICE:
General Comments Rice closed higher last week in part after wire reports of stronger prices in Asia and despite harvest pressure. Brazil prices are also strong on ideas of short production and El Nino fears for production on the next crop. 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 was little changed from the previous week Harvest is active in Texas. Demand remains moderate to poor for US Rice and was moderate to poor last week.
Overnight News:
Chart Analysis: Trends are mixed to up. Support is at 1340, 1393, and 1292 September and resistance is at 1444, 1456, and 1468 September

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 4, 2026
: Reportable Positions :
:————————————————————————————————————- :
: Producer/Merchant : : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables :
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading :
—————————————————————————————————————-
ROUGH RICE – CHICAGO BOARD OF TRADE (CONTRACTS OF 200,000 POUNDS) :
CFTC Code #039601 Open Interest is 14,691 :
: Positions :
: 5,205 8,039 411 0 0 2,786 2,450 111 1,280 1,372 1,693 :
: Changes from: July 28, 2026 :
: 477 170 -6 0 0 45 50 -2 -198 47 119 :
: Percent of Open Interest Represented by Each Category of Trader :
: 35.4 54.7 2.8 0.0 0.0 19.0 16.7 0.8 8.7 9.3 11.5 :
: Number of Traders in Each Category Total Traders: 72 :
: 19 20 . 0 0 12 7 . 13 7 7 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn was near unchanged last week on reports of rain in the northern half of the Midwest. Northwest areas did especially benefit, and central areas of the Midwest were helped as the coverage area expanded. There is still too much hot and dry weather in the western and southern Midwest but moderating conditions in Europe The export sales report showed that demand was at the lower end of expectations. Ukraine and Russia are back at war again and shipping is very limited in both countries. It should be warm with showers in the northern Midwest this week but other areas should stay mostly dry. The crop conditions are slightly lower than 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 near unchanged lasr week.
Overnight News: Unkno2wn destinations bought 105,000 tons of US Corn.
Chart Analysis: Trends in Corn are mixed. Support is at 435, 427, and 421 September, and resistance is at 472, 478, and 484 September. Trends in Oats are down. Support is at 307, 300, and 294 September, and resistance is at 333, 349, and 347 September.

COT — Supplemental Report – Option and Futures Combined Positions as of August 04, 2026
: Reportable Positions : Nonreportable
:—————————————————————————————- : Positions
: Non-Commercial : Commercial : Index Traders : Total
: Long : Short :Spreading: Long : Short : Long : Short : Long : Short : Long : Short
——————————————————————————————————————-
CORN – CHICAGO BOARD OF TRADE
CFTC Code #002602 Open Interest is 2,332,893
: Positions :
: 232,321 189,488 798,951 647,282 992,815 471,229 123,097 2,149,783 2,104,352: 183,109 228,541
: Changes from: July 28, 2026 (Change in open interest: -31,963) :
: -12,897 -9,792 13,451 -1,946 -15,168 -24,124 -14,092 -25,516 -25,600: -6,447 -6,363
: Percent of Open Interest Represented by Each Category of Trader :
: 10.0 8.1 34.2 27.7 42.6 20.2 5.3 92.2 90.2: 7.8 9.8
: Total Traders: 883 Number of Traders in Each Category :
: 178 141 218 395 425 51 24 738 712:
——————————————————————————————————————-

SOYBEANS
General Comments: Soybeans and Soybean Meal were slightly lower last week despite reports of more Chinese demand and because of forecasts for rain in the northern half of the Midwest and into central areas. Soybean Oil was a little higher. Northwest areas could especially benefit. It is still mostly hot and dry in the southern Midwest. Rapid blooming and setting pods progress was shown by USDA this week and reports of good conditions continue. Condition is unchanged from last week and below a year ago. Cooler temperatures and wet weather in northern areas are expected for the next week in the Midwest. Southern areas should stay hot and dry
Overnight News: China bought 238,000 tons of US Soybeans.
Analysis: Trends in Soybeans are down. Support is at 1140, 1122 and 1110 September, and resistance is at 1197, 1210, and 1225 September. Trends in Soybean Meal are down. Support is at 308.00, 305.00, and 302.00 September, and resistance is at 320.00, 323.00,and 328.00 September. Trends in Soybean Oil are mixed. Support is at 6660, 6540, and 6440 September, with resistance at 7110, 7260, and 7290 September.

COT — Supplemental Report – Option and Futures Combined Positions as of August 04, 2026
: Reportable Positions : Nonreportable
:—————————————————————————————- : Positions
: Non-Commercial : Commercial : Index Traders : Total
: Long : Short :Spreading: Long : Short : Long : Short : Long : Short : Long : Short
——————————————————————————————————————-
SOYBEANS – CHICAGO BOARD OF TRADE
CFTC Code #005602 Open Interest is 1,194,700
: Positions :
: 140,820 76,308 360,347 415,603 641,845 222,268 37,714 1,139,038 1,116,213: 55,662 78,486
: Changes from: July 28, 2026 (Change in open interest: -44,693) :
: -25,658 10,079 -7,728 -5,897 -43,174 -4,572 -3,300 -43,855 -44,123: -838 -570
: Percent of Open Interest Represented by Each Category of Trader :
: 11.8 6.4 30.2 34.8 53.7 18.6 3.2 95.3 93.4: 4.7 6.6
: Total Traders: 642 Number of Traders in Each Category :
: 171 102 173 203 278 49 16 493 509:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of August 04, 2026
: Reportable Positions : Nonreportable
:—————————————————————————————- : Positions
: Non-Commercial : Commercial : Index Traders : Total
: Long : Short :Spreading: Long : Short : Long : Short : Long : Short : Long : Short
——————————————————————————————————————-
SOYBEAN OIL – CHICAGO BOARD OF TRADE
CFTC Code #007601 Open Interest is 713,493
: Positions :
: 87,001 41,243 194,051 269,957 420,233 126,958 31,916 677,967 687,444: 35,526 26,049
: Changes from: July 28, 2026 (Change in open interest: -25,452) :
: -23,749 -307 1,504 577 -26,877 -1,032 1,628 -22,700 -24,052: -2,752 -1,400
: Percent of Open Interest Represented by Each Category of Trader :
: 12.2 5.8 27.2 37.8 58.9 17.8 4.5 95.0 96.3: 5.0 3.7
: Total Traders: 329 Number of Traders in Each Category :
: 97 55 100 100 100 43 20 286 237:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of August 04, 2026
: Reportable Positions : Nonreportable
:—————————————————————————————- : Positions
: Non-Commercial : Commercial : Index Traders : Total
: Long : Short :Spreading: Long : Short : Long : Short : Long : Short : Long : Short
——————————————————————————————————————-
SOYBEAN MEAL – CHICAGO BOARD OF TRADE
CFTC Code #026603 Open Interest is 659,602
: Positions :
: 115,700 53,877 160,183 192,174 395,830 140,169 23,471 608,226 633,361: 51,376 26,241
: Changes from: July 28, 2026 (Change in open interest: -15,860) :
: -7,947 6,493 -4,764 1,640 -12,913 -1,612 -897 -12,683 -12,081: -3,177 -3,779
: Percent of Open Interest Represented by Each Category of Trader :
: 17.5 8.2 24.3 29.1 60.0 21.3 3.6 92.2 96.0: 7.8 4.0
: Total Traders: 332 Number of Traders in Each Category :
: 90 55 97 120 108 39 14 297 238:
——————————————————————————————————————-

PALM OIL AND CANOLA
General Comments: Palm Oil was little changed last week. Canola was higher last week.
Overnight News
Chart Analysis: Trends in Canola are mixed. Support is at 750.00, 743.00, and 729.00 November, with resistance at 780.00, 800.00, and 815.00 November. Trends in Palm Oil are mixed. Support is at 4600, 4530, and 4400 October, with resistance at 4740, 4780, and 4820 October.

DJ Malaysia’s July Palm Oil Exports 1.39M Tons; Up 15%, MPOB Says
Malaysia’s palm oil exports were up 15% on month at 1.39 million metric tons in July, the Malaysian Palm Oil Board said.
The following are details of the July crop data and revised numbers for June, issued by MPOB:
July June Change
On Month
Crude Palm Oil Output 1,792,979 1,638,796 Up 9.41%
Palm Oil Exports 1,392,178 1,215,850 Up 14.5%
Palm Kernel Oil Exports 82,261 83,712 Dn 1.73%
Palm Oil Imports 49,566 103,113 Dn 51.93%
Closing Stocks 2,628,325 2,543,830 Up 3.32%
Crude Palm Oil 1,429,316 1,332,821 Up 7.24%
Processed Palm Oil 1,199,009 1,211,009 Dn 0.99%

DJ Malaysia Aug. 1-10 Palm Oil Exports Rose 9.2% on Month to 432,742 Tons, AmSpec Says
By Ying Xian Wong
Malaysia’s palm oil exports during the Aug. 1-10 period are estimated up 9.2% on month at 432,742 metric tons, cargo surveyor AmSpec Agri Malaysia said Monday.
The following are the major items in the AmSpec estimate:
(All figures in metric tons)
Aug. 1-10 July 1-10
RBD Palm Olein 89,140 105,695
RBD Palm Oil 44,079 33,416
RBD Palm Stearin 40,419 21,283
Crude Palm Oil 79,501 69,780
Total* 432,742 396,261

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 4, 2026
: Reportable Positions :
:————————————————————————————————————- :
: Producer/Merchant : : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables :
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading :
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USD Malaysian Crude Palm Oil C – CHICAGO MERCANTILE EXCHANGE (CONTRACTS OF 25 METRIC TONS) :
CFTC Code #037021 Open Interest is 45,688 :
: Positions :
: 40,176 33,319 700 4,964 2,852 120 3,595 0 1,140 298 660 :
: Changes from: July 28, 2026 :
: -5,520 -4,727 -260 -353 74 0 -740 0 -80 -40 -30 :
: Percent of Open Interest Represented by Each Category of Trader :
: 87.9 72.9 1.5 10.9 6.2 0.3 7.9 0.0 2.5 0.7 1.4 :
: Number of Traders in Each Category Total Traders: 28 :
: 9 10 . 5 5 . . 0 . . . :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 4, 2026
: Reportable Positions :
:————————————————————————————————————- :
: Producer/Merchant : : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables :
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading :
—————————————————————————————————————-
CANOLA – ICE FUTURES U.S. (20 Metric Tonnes) :
CFTC Code #135731 Open Interest is 331,060 :
: Positions :
: 145,869 180,668 9,518 24,468 3,361 103,754 36,314 29,729 9,498 25,616 26,575 :
: Changes from: July 28, 2026 :
: 8,508 -6,357 441 -1,637 856 -10,640 551 -1,397 -3,614 1,903 5,101 :
: Percent of Open Interest Represented by Each Category of Trader :
: 44.1 54.6 2.9 7.4 1.0 31.3 11.0 9.0 2.9 7.7 8.0 :
: Number of Traders in Each Category Total Traders: 488 :
: 53 138 8 7 8 65 37 26 49 158 74 :
—————————————————————————————————————-

DJ Malaysian PM Cash Market Prices for Palm Oil – Aug 10
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Monday, 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 1147.50 +05.00 Unquoted – –
Sep 1170.00 +05.00 Unquoted – –
Oct/Nov/Dec 1197.50 +07.50 Unquoted – –
Jan/Feb/Mar 1227.50 +10.00 Unquoted – –
Apr/May/June 1232.50 +07.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Aug 1152.50 +05.00 Unquoted – –
Sep 1175.00 +05.00 Unquoted – –
Oct/Nov/Dec 1202.50 +07.50 Unquoted – –
Jan/Feb/Mar 1232.50 +10.00 Unquoted – –
Apr/May/Jun 1237.50 +07.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Aug 1112.50 +02.50 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Aug 1062.50 +05.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Aug 4,560.00 +20.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Aug 445.00 -01.00 Unquoted – –
($1=MYR4.0885)

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