Grains Report 08/17/2026

DJ CBOT Delivery Intentions: Totals – Aug 17
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL August Aug 18, 2026 12 Aug 14, 2026
SOYBEAN OIL August Aug 18, 2026 1 Aug 14, 2026
SOYBEAN August Aug 18, 2026 120 Aug 14, 2026

WHEAT:
General Comments: Wheat was higher last week as reports of more war between Ukraine and Russia were heard and the USDA reports were digested. Ukraine bombed Russian ports overnight using drones in a new escalation in the war. The price action was also tied to reports of reduced exports due to 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 81% complete. Spring Wheat is being harvested and is rated 51% 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 Gret Plains should stay hot and dry. USDA reduced production slightly to 1.531 billion bu and left total demand unchanged at 1.874 billion bu for a cut in ending stocks at 717 billion bushels.
Overnight News:
Chart Analysis: Trends in Chicago are mixed. Support is at 646, 626, and 620 September, with resistance at 686, 711, and 718 September. Trends in Kansas City are mixed. Support is at 719, 691, and 679 September, with resistance at 777, 784, and 790 September. Trends in Minneapolis are not available

COT — Supplemental Report – Option and Futures Combined Positions as of August 11, 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 581,798
: Positions :
: 56,834 106,232 219,254 120,646 143,703 142,641 73,728 539,374 542,917: 42,424 38,881
: Changes from: August 4, 2026 (Change in open interest: 14,672) :
: -7,477 6,338 10,144 2,376 -8 5,282 -2,052 10,325 14,422: 4,347 250
: Percent of Open Interest Represented by Each Category of Trader :
: 9.8 18.3 37.7 20.7 24.7 24.5 12.7 92.7 93.3: 7.3 6.7
: Total Traders: 427 Number of Traders in Each Category :
: 124 100 152 101 118 44 25 346 331:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of August 11, 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 345,187
: Positions :
: 48,119 47,219 118,767 63,494 132,237 90,389 24,546 320,771 322,769: 24,416 22,418
: Changes from: August 4, 2026 (Change in open interest: -11,500) :
: -3,616 2,384 -12,424 2,766 1,339 -151 -3,220 -13,425 -11,921: 1,924 420
: Percent of Open Interest Represented by Each Category of Trader :
: 13.9 13.7 34.4 18.4 38.3 26.2 7.1 92.9 93.5: 7.1 6.5
: Total Traders: 279 Number of Traders in Each Category :
: 63 61 90 73 99 32 13 217 223:
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Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 11, 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 83,612 :
: Positions :
: 40,174 58,674 7,205 0 770 17,591 7,712 4,941 1,491 1,051 2,702 :
: Changes from: August 4, 2026 :
: -2,667 -1,860 140 0 12 -397 -1,410 30 -108 10 -345 :
: Percent of Open Interest Represented by Each Category of Trader :
: 48.0 70.2 8.6 0.0 0.9 21.0 9.2 5.9 1.8 1.3 3.2 :
: Number of Traders in Each Category Total Traders: 125 :
: 61 44 9 0 5 18 12 12 10 . 6 :

RICE:
General Comments Rice closed lower last week on harvest pressure and selling in response to the USDA reports. USDA increased harvested area and production. Demand was also increased but ending stocks were still higher at 36.0 million cwt. Long grain ending stocks were also higher at 20.3 million cwt, from 17.7 million before. USDA said that Long Grain Production was estimated at 106.7 million cwt and demand was estimated at 167 cwt. Brazil prices are also strong on ideas of short production and El Nino fears for production on the next crop. Condition was little changed from the previous week Harvest is active in most states. 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 11, 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 15,101 :
: Positions :
: 5,522 8,128 370 0 0 2,914 2,466 109 1,034 1,375 1,962 :
: Changes from: August 4, 2026 :
: 317 89 -41 0 0 128 16 -2 -246 3 270 :
: Percent of Open Interest Represented by Each Category of Trader :
: 36.6 53.8 2.5 0.0 0.0 19.3 16.3 0.7 6.8 9.1 13.0 :
: Number of Traders in Each Category Total Traders: 72 :
: 20 21 . 0 0 12 7 . 10 8 8 :
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CORN AND OATS
General Comments: Corn was higher last week in response to the USDA reports. Weakness was also seen on response to increased production estimates from Brazil. USDA raised harvested area to 88.6 million acres from 87.4 million previously. Yield was cut to 180.7 bu/acre from 184 bu/scre. Production was estimated at 16.013 billion bushels from 16.000 billion previously. Domestic demand was left unchanged at 13.055 billion bushels but export demand was increased to 3.275 billion bushels from 3.2 billion before. Ending stocks were cut to 1.653 billion bushels from 1.7 billion before. Selling was see based on reports of more big rains in much 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 unchanged from last week and below aa year ago. Dent is starting and progress is ahead of normal. Temperatures in the Midwest should be cooler this week. Oats were higher last week. Production and demand were increased by USDA yesterday to leave ending stocks unchanged.
Overnight News:
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 11, 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 2,268,704
: Positions :
: 242,139 203,146 716,640 661,727 994,130 463,958 125,793 2,084,464 2,039,709: 184,239 228,995
: Changes from: August 4, 2026 (Change in open interest: -64,189) :
: 9,818 13,658 -82,311 14,446 1,315 -7,271 2,696 -65,319 -64,642: 1,130 453
: Percent of Open Interest Represented by Each Category of Trader :
: 10.7 9.0 31.6 29.2 43.8 20.5 5.5 91.9 89.9: 8.1 10.1
: Total Traders: 879 Number of Traders in Each Category :
: 179 138 213 405 420 50 25 743 701:
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SOYBEANS
General Comments: Soybeans and the products were a little higher last weEk on reports of more Chinese demand and because of reports for rain in the northern half of the Midwest and into central areas. USDA said that harvested area increased to 85.8 million acres from 84.4 million before. Yield was estimated at 52.7 bu/acre from 53 bu /acre before. The crush was increased by 30 million bu to 2.780 billion bushels and export demand was left unchanged. Ending stocks were estimated at 320 million bushels from 310 million before. 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 slightly lower than 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 136,000 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 305.00, 302.00, and 299.00 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 11, 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 1,203,233
: Positions :
: 140,940 93,249 339,238 451,184 652,122 218,941 40,962 1,150,303 1,125,572: 52,930 77,661
: Changes from: August 4, 2026 (Change in open interest: 8,533) :
: 120 16,942 -21,108 35,580 10,277 -3,327 3,248 11,265 9,358: -2,732 -825
: Percent of Open Interest Represented by Each Category of Trader :
: 11.7 7.7 28.2 37.5 54.2 18.2 3.4 95.6 93.5: 4.4 6.5
: Total Traders: 634 Number of Traders in Each Category :
: 156 107 173 211 282 49 15 490 514:
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COT — Supplemental Report – Option and Futures Combined Positions as of August 11, 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 711,680
: Positions :
: 93,311 46,634 185,671 271,818 426,362 123,747 28,245 674,546 686,911: 37,133 24,768
: Changes from: August 4, 2026 (Change in open interest: -1,814) :
: 6,310 5,391 -8,381 1,861 6,129 -3,211 -3,672 -3,421 -532: 1,608 -1,281
: Percent of Open Interest Represented by Each Category of Trader :
: 13.1 6.6 26.1 38.2 59.9 17.4 4.0 94.8 96.5: 5.2 3.5
: Total Traders: 329 Number of Traders in Each Category :
: 95 55 98 104 102 41 20 286 239:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of August 11, 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 656,966
: Positions :
: 110,592 56,459 156,707 199,032 394,255 136,916 20,990 603,247 628,410: 53,720 28,556
: Changes from: August 4, 2026 (Change in open interest: -2,635) :
: -5,108 2,581 -3,476 6,858 -1,575 -3,253 -2,481 -4,979 -4,951: 2,344 2,316
: Percent of Open Interest Represented by Each Category of Trader :
: 16.8 8.6 23.9 30.3 60.0 20.8 3.2 91.8 95.7: 8.2 4.3
: Total Traders: 331 Number of Traders in Each Category :
: 82 57 95 127 112 38 14 294 243:
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PALM OIL AND CANOLA
General Comments: Palm Oil was higher today on ideas of strong demand. Canola was higher yesterday.
Overnight News
Chart Analysis: Trends in Canola are mixed to up. Support is at 778.00, 769.00, and 754.00 November, with resistance at 815.00, 820.00, and 839.00 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 Aug. 1-15 Palm Oil Exports Rose 3.2% on Month, AmSpec Says
By Ying Xian Wong
Malaysia’s palm oil exports during the Aug. 1-15 period are estimated up 3.2% on month at 667,257 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. 1-15 July 1-15
RBD Palm Olein 104,390 142,707
RBD Palm Oil 54,829 44,561
RBD Palm Stearin 54,219 39,278
Crude Palm Oil 161,821 159,280
Total* 667,257 646,438
*Palm oil product volumes don’t add up to total as some products aren’t included.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 11, 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 47,748 :
: Positions :
: 42,016 34,899 700 5,044 2,972 120 3,875 0 1,220 298 660 :
: Changes from: August 4, 2026 :
: 1,840 1,580 0 80 120 0 280 0 80 0 0 :
: Percent of Open Interest Represented by Each Category of Trader :
: 88.0 73.1 1.5 10.6 6.2 0.3 8.1 0.0 2.6 0.6 1.4 :
: Number of Traders in Each Category Total Traders: 29 :
: 10 9 . 5 5 . . 0 . . . :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 11, 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 341,402 :
: Positions :
: 157,658 179,134 9,317 24,470 4,700 98,467 43,685 30,151 10,326 27,178 28,421 :
: Changes from: August 4, 2026 :
: 11,789 -1,534 -201 2 1,339 -5,287 7,371 422 828 1,562 1,846 :
: Percent of Open Interest Represented by Each Category of Trader :
: 46.2 52.5 2.7 7.2 1.4 28.8 12.8 8.8 3.0 8.0 8.3 :
: Number of Traders in Each Category Total Traders: 496 :
: 53 139 6 9 8 65 41 27 52 158 70 :
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DJ Malaysian PM Cash Market Prices for Palm Oil – Aug 17
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
Sep 1157.50 +02.50 Unquoted – –
Oct/Nov/Dec 1205.00 +07.50 Unquoted – –
Jan/Feb/Mar 1255.00 +15.00 Unquoted – –
Apr/May/June 1260.00 +17.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Sep 1162.50 +02.50 Unquoted – –
Oct/Nov/Dec 1210.00 +07.50 Unquoted – –
Jan/Feb/Mar 1260.00 +15.00 Unquoted – –
Apr/May/Jun 1265.00 +17.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Sep 1130.00 — Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Sep 1080.00 — Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Sep 4,590.00 — Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Sep 477.00 — Unquoted – –
($1=MYR4.0585)

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