Grains Report 09/25/2026

WHEAT:
General Comments: Wheat was lower in both markets yesterday at the US-China summit continues and as the Ukraine-Russia war continues and threatens any exports from the region. Both sides have reported an export pace more than 50% less than a year ago. The US weekly export sales report showed average but not strong demand. The US Winter Wheat planting is 19% complete. The Spring Wheat harvest is now over. Conditions are mixed in the US Midwest. 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 dry but less hot.
Overnight News:
Chart Analysis: Trends in Chicago are mixed to down. Support is at 685, 677, and 665 December, with resistance at 730, 736, and 742 December. Trends in Kansas City are mixed to down. Support is at 747, 730, and 712 December, with resistance at 800, 807, and 819 December. Trends in Minneapolis are not available

RICE:
General Comments Rice closed higher again yesterday and has put together strong rally this week. Brazil prices are strong on ideas of short production and El Nino fears for production on the next crop. Harvest is active in most states and is 70% complete. Demand remains moderate to poor for US Rice and was moderate last week. El Nino is threatening production in Asia and Indian prices remain high and are going higher, Trends are turning down on the daily charts and are up on the weekly charts,
Overnight News:
Chart Analysis: Trends are up. Support is at 1549, 1514, and 1465 November and resistance is at 1659, 1670, and 1699 November.

CORN AND OATS
General Comments: Corn was lower yesterday on selling during of the US-China summit and despite hopes for positive demand news from the China summit. There is moderating weather in the western and southern Midwest. Ukraine and Russia are back at war again and shipping is very limited in both countries. It should be cooler with some wet weather in the Midwest this week. The crop conditions were steady last week and below aa year ago. Progress is about normal and the harvest is now 10% complete. Anecdotal report indicate that the harvest has started in the southern Midwest. Temperatures in the Midwest should be cooler this week amid mostly dry weather. Oats were higher. The harvest is complete.
Overnight News:
Chart Analysis: Trends in Corn are mixed . Support is at 523, 510, and 497 December, and resistance is at 549, 554, and 560 December. Trends in Oats are mixed to up. Support is at 417, 403, and 392 December, and resistance is at 426, 432, and 438 December.

SOYBEANS
General Comments: Soybeans and Soybean Meal were higher Tuesday on hopes for positive demand news from the China summit now underway and on ideas of higher world petroleum prices longer term from the wars. Both markets were lower yesterday. Soybean Oil was lower on both days. China is expected to buy more cargoes of US Soybeans before the US-China summit meetings in the coming weeks. The harvest is now 8% complete. It is still hot and dry in the south but cool and wet in the north. Moderating weather is expected in southern areas this week with precipitation and cooler temperatures. Condition is below a year ago and unchanged from the previous week. Cooler temperatures and wet weather are expected for the next week in the Midwest. There is some concern that El Nono could affect South American Soybeans production this year.
Overnight News:
Analysis: Trends in Soybeans are mixed. Support is at 1290, 1256, and 1244 November, and resistance is at 1335, 1348, and 1360 September. Trends in Soybean Meal are mixed to up. Support is at 360.00, 352.00, and 347.00 October, and resistance is at 378.00, 381.00,and 384.00 October. Trends in Soybean Oil are mixed to down. Support is at 6630, 6570, and 6500 October, with resistance at 6900, 7060, and 7170 October.

PALM OIL AND CANOLA
General Comments: Palm Oil was lower today. Daily chart trends are down. Canola was lower yesterday and trends are mixed on the daily charts and up on the weekly charts.
Overnight News
Chart Analysis: Trends in Canola are mixed. Support is at 815.00, 807.00, and 793.00 November, with resistance at 844.00, 856.00, and 868.00 November. Trends in Palm Oil are mixed to down. Support is at 4730, 4680, and 4600 December, with resistance at 4800, 4890, and 4960 December.

DJ Malaysia Sept. 1-25 Palm Oil Exports Fell 24% on Month to 763,202 Tons, AmSpec Says
By Ying Xian Wong
Malaysia’s palm oil exports during the Sept. 1-25 period are estimated down 24% on month at 763,202 metric tons, cargo surveyor AmSpec Agri Malaysia said Friday.
The following are the major items in the AmSpec estimate:
(All figures in metric tons)
Sept. 1-25 Aug. 1-25
RBD Palm Olein 164,863 164,148
RBD Palm Oil 83,069 86,304
RBD Palm Stearin 64,090 109,340
Crude Palm Oil 241,432 238,621
Total* 763,202 1,008,211
*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 – Sept 25
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Friday, 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
Oct 1165.00 -25.00 Unquoted – –
Nov 1165.00 -25.00 Unquoted – –
Dec 1165.00 -25.00 Unquoted – –
Jan/Feb/Mar 1227.50 -27.50 Unquoted – –
Apr/May/Jun 1270.00 -25.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Oct 1170.00 -25.00 Unquoted – –
Nov 1170.00 -25.00 Unquoted – –
Dec 1170.00 -25.00 Unquoted – –
Jan/Feb/Mar 1232.50 -27.50 Unquoted – –
Apr/May/Jun 1275.00 -25.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Oct 1107.50 -12.50 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Oct 1050.00 -10.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Oct 4,530.00 -50.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Oct 415.00 -20.00 Unquoted – –
($1=MYR4.072)

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