Grains Report 10/29/2026

DJ U.S. Export Sales: Weekly Sales Totals-Oct 29
For the week ended Oct 22, 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 849.8 22.0 11518.6 16299.1 3867.1 46.4
hrw 78.0 0.0 2355.3 6292.3 629.0 0.0
srw 31.8 22.0 1687.3 2201.9 505.5 22.0
hrs 321.2 0.0 3474.6 4059.6 1236.7 2.5
white 396.1 0.0 3642.7 3434.2 1353.8 21.9
durum 22.7 0.0 358.7 311.1 142.0 0.0
corn 1303.9 0.0 23496.6 35365.6 13399.3 401.9
soybeans 2576.4 0.0 28777.7 15947.9 19288.0 1.0
soymeal 347.5 0.0 6060.8 6334.6 4978.7 0.0
soyoil 11.6 0.0 36.4 161.7 30.6 0.0
upland cotton 216.5 38.3 5665.2 4879.3 3638.9 612.3
pima cotton 0.1 0.0 206.4 138.5 125.8 0.0
sorghum 2.1 0.0 52.2 677.6 15.5 1.0
barley 5.2 0.0 48.1 57.1 28.2 0.0
rice 80.6 0.0 1182.1 992.1 617.1 0.0

WHEAT:
General Comments: Wheat was lower in both markets once again yesterday as planting and emergence of Winter Wheat was ahead of normal with improved weather in the Great Plains. Brazil elected Lula as President over the weekend, a surprise that hurt the Real and helped with some follow through selling today. Both sides in the Russia-Ukraine war have reported an export pace more than 50% less than a year ago. The US Winter Wheat planting was 76% complete last week and Winter Wheat was 53% emerged. 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 get scattered showers in all areas.
Overnight News:
Chart Analysis: Trends in Chicago are down. Support is at 610, 591, and 580 December, with resistance at 621, 645 and 662 December. Trends in Kansas City are down. Support is at 645, 642, and 636 December, with resistance at 676, 711, and 725 December. Trends in Minneapolis are not available

RICE:
General Comments Rice closed higher again yesterday as the overall supply scenario remains tight at home and around the world. Lula was elected president of Brazil over the weekend in a surprise that hurt the Real and grains prices in general.. Damage to unharvested crops is reported from the hurricane and there are worries about El Nino hurting world production. Brazil prices are strong on ideas of short production and El Nino fears for production on the next crop. 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 mixed on the daily charts and are up on the weekly charts,
Overnight News:
Chart Analysis: Trends are mixed. Support is at 1700, 1687, and 1670 November and resistance is at 1772, 1784, and 1796 November.

CORN AND OATS
General Comments: Corn was higher yesterday on speculative bottom picking and some commercial buying despite reports of good harvest progress amid warm and dry weather. Trends are mixed to down on the daily and weekly charts. There is moderating weather in the western and southern Midwest with mostly dry conditions. Harvest has been active in most areas of the Midwest with good but not great yields being reported. Ukraine and Russia are still at war and shipping is very limited in both countries. It should be cooler with drier weather in the Midwest this week. The crop conditions last week were slightly lower from the previous week and below aa year ago. Progress is below normal and the harvest is now 60% complete. Temperatures in the Midwest should be warmer this week amid mostly dry weather. Oats were lower and trends are down on the weekly charts.
Overnight News:
Chart Analysis: Trends in Corn are mixed to down . Support is at 448, 442, and 436 December, and resistance is at 470, 478, and 488 December. Trends in Oats are down. Support is at 352, 346, and 341 December, and resistance is at 370, 383, and 405 December.

SOYBEANS
General Comments: Soybeans and the products were lower again yesterday on great harvest progress and despite big buying from China. China is expected to buy more cargoes of US Soybeans in the coming weeks but the tariffs will remain high. Lula was elected president of Brazil over the weekend It was a surprise to the market and hurt the Real against the Dollar and Ag prices generally, especially those featuring selling from Brazil. The harvest was 79% complete last week. Cooler and dry weather is likely in the north.
Overnight News: Unknown destinations bought 120,000 tons of US Soybeans.
Chart Analysis: Trends in Soybeans are mixed to down. Support is at 1220, 1213, and 1199 November, and resistance is at 1266, 1278, and 1298 September. Trends in Soybean Meal are down. Support is at 329.00, 326.00, and 323.00 December, and resistance is at 353.00, 361.00,and 369.00 December. Trends in Soybean Oil are mixed to down. Support is at 6540, 6480, and 6420 December, with resistance at 6740, 6880, and 7010 December.

PALM OIL AND CANOLA
General Comments: Palm Oil was lower today on ideas of increasing supplies. Daily chart trends are turning down again and weekly trends are mixed to up. Canola was lower and trends are still down on the daily charts.
Overnight News
Chart Analysis: Trends in Canola are mixed. Support is at 770.00, 754.00, and 750.00 November, with resistance at 794.00, 805.00, and 815.00 November. Trends in Palm Oil are mixed to down. Support is at 4550, 4490, and 4430 December, with resistance at 4660, 4760, and 4800 December.

DJ Malaysian PM Cash Market Prices for Palm Oil – Oct 29
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
Nov 1120.00 -10.00 Unquoted – –
Dec 1150.00 -10.00 Unquoted – –
Jan/Feb/Mar 1192.50 -15.00 Unquoted – –
Apr/May/Jun 1230.00 -15.00 Unquoted – –
Jul/Aug/Sep 1217.50 -17.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Nov 1125.00 -10.00 Unquoted – –
Dec 1155.00 -10.00 Unquoted – –
Jan/Feb/Mar 1197.50 -15.00 Unquoted – –
Apr/May/Jun 1235.00 -15.00 Unquoted – –
Jul/Aug/Sep 1222.50 -17.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Nov 1085.00 -05.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Nov 1025.00 00.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Nov 4,400.00 -80.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Nov 406.00 -14.00 Unquoted – –
($1=MYR4.0575)

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