Grains 04/22/2025

DJ USDA Grain Inspections for Export in Metric Tons – Apr 21
WA_GR101
Washington, DC Mon April 21, 2025 USDA Market News
COUNTRY OF DESTINATION IS REPORTED AS KNOWN AT THE TIME OF EXPORTATION.
INFORMATION CONTAINED IN THIS REPORT REFLECTS EXPORTED GRAIN INSPECTED
AND WEIGHED THROUGH THE AUTHORITY UNDER THE U.S. GRAIN STANDARDS ACT.
NO ADDITIONAL ANALYSIS, COMPILATIONS OR DATA IS AVAILABLE
GRAINS INSPECTED AND/OR WEIGHED FOR EXPORT
REPORTED IN WEEK ENDING APR 17, 2025
— METRIC TONS —
————————————————————————-
CURRENT PREVIOUS
———– WEEK ENDING ———- MARKET YEAR MARKET YEAR
GRAIN 04/17/2025 04/10/2025 04/18/2024 TO DATE TO DATE
BARLEY 0 220 122 10,087 2,180
CORN 1,702,813 1,829,980 1,661,444 39,217,199 30,408,552
FLAXSEED 24 0 0 408 24
MIXED 0 0 0 122 572
OATS 0 0 0 647 3,994
RYE 0 0 0 0 72
SORGHUM 171 22,054 183,152 1,621,671 4,370,985
SOYBEANS 550,924 554,893 443,508 42,670,517 38,465,516
SUNFLOWER 0 0 240 0 4,661
WHEAT 510,250 611,446 450,323 18,812,554 16,440,482
Total 2,764,182 3,018,593 2,738,789 102,333,205 89,697,038

This Week Last Week Last Year Average
Cotton Planted 11 5 11 11
Corn Planted 12 4 11 10
Corn Emerged 3 2 2
Soybeans Planted 8 2 7 5
Sorghum Planted 17 15 17 17
Rice Planted 48 32 57 39
Rice Emerged 28 18 31 22
Peanuts Planted 3 1 3 3
Sugarbeets Planted 21 11 23 20
Oats Planted 53 41 50 44
Oats Emerged 31 27 34 29
Winter Wheat Headed 15 8 16 13
Spring Wheat Planted 17 7 14 12
Spring Wheat Emerged 2 2 2
Barley Planted 26 13 22 19
Barley Emerged 3 2 3

Very Poor Poor Fair Good Excellent
Winter Wheat This Week 6 15 34 38 7
Winter Wheat Last Week 5 14 34 41 6
Winter Wheat Last Year 5 11 34 43 7

WHEAT
General Comments: All three markets closed lower yesterday as futures found new support from stronger world market prices but as the weather for growing crops improved with more reports of and forecasts for showers in western growing areas. Rain has become much less in the southern Midwest and Mid South but flooding reports continue. The White House made a pause in the implementation of the reciprocal tariffs for 90 days but is still imposing blanket tariffs on most of the world and is maintaining the old Mexican and Canadian tariffs. The tariffs will cost producers more for inputs and should damage upside price potential if the reciprocal tariffs start again. Chart trends are up in Winter Wheat markets and in Minneapolis. Dry outlooks for the Great Plains and Black Sea regions are still the main feature. Overall demand has been weak.
Overnight News:
Chart Analysis: Trends in Chicago are mixed to up. Support is at 535, 521, and 518 May, with resistance at 557, 563, and 568 May. Trends in Kansas City are mixed. Support is at 546, 542, and 536 May, with resistance at 569, 577, and 583 May. Trends in Minneapolis are mixed to up. Support is at 593, 578, and 573 May, and resistance is at 613, 626w, and 635 May.

RICE:
General Comments: Rice closed higher yesterday but futures are still holding to a sideways trend. Prices remain cheap and could threaten the planted area as it will cost more to produce Rice than it is getting in the market right now. Export sales have not been strong, and domestic demand is not strong enough right now to bid prices any higher. Milling quality of the Rice remains below industry standards and it takes more Rough Rice to create the grain for sale to stores and exporters. Rice is getting planted in southern growing areas now and is trying to get started farther to the north.
Overnight News:
Chart Analysis: Trends are mixed. Support is at 1323, 1315, and 1300 May and resistance is at 1365, 1383, and 1387 May.

CORN AND OATS
General Comments: Corn closed slightly lower yesterday even as demand for US Corn mains strong. The market also reacted to better planting weather in the Midwest and the latest in the tariff wars and as Trump mpved against the Fed chairman. Demand for Corn in domestic and world markets remains strong with inspections above 1.8 million tons and sales of above 1.5 million tons in the latest reporting week. It is dry in growing areas in western US, but most of the Midwest has had precipitation lately and eastern and southern areas are too wet. It has become warmer in a lot of the Midwest and planting progress is expected to be much improved this week. Oats were lower and the trends are turning mixed in this market.
Overnight News:
Chart Analysis: Trends in Corn are mixed to up. Support is at 477, 470, and 461 May, and resistance is at 492, 500, and 512 May. Trends in Oats are mixed. Support is at 322, 317, and 312 May, and resistance is at 362, 367, and 371 May.

SOYBEANS
General Comments: Soybeans and the products closed a little lower yesterday as the market reacted to news of better demand due to high Brazil FOB premiums. There was news last week that the reciprocal tariffs have been put on pause for 90 days, but also news over the weekend that Trump is moving to take over the Fed from current chairman. The world wide tariff of 10% remains intact as do tariffs on Mexico and Canada and the US Dollar moved sharply lower on the news that the Fed independence could be usurped. The reports of demand have remained solid for US Soybeans as China has been taking almost all the export from South America. Deferred months were higher as the weather remains too wet to the east and south and too dry to the west. Warmer temperatures are expected this week.
Overnight News
Analysis: Trends in Soybeans are up Support is at 1028, 1011, and 991 May, and resistance is at 1051, 1055, and 1067 May. Trends in Soybean Meal are up. Support is at 292.00, 289.00, and 280.00 May, and resistance is at 304.00, 307.00, and 310.00 May. Trends in Soybean Oil are mixed to up. Support is at 4580, 4440, and 4390 May, with resistance at 4850, 4920, and 5040 May.

PALM OIL AND CANOLA
General Comments: Palm Oil futures were higher today on some speculative buying on ideas it is cheap enough when compared to rival oils but as economic headwinds and continued concerns about the world economy stemming from the Trump tariffs and on the Trump threat to replace the chairman of the Federal Reserve.. There is talk of reduced supplies in the market due to extreme weather that caused fields to flood among other things, but supplies are expected to increase soon. Demand ideas are weaker. Chart trends are mixed. Canola was lower yesterday and trends are still mixed to up on the daily charts. Canadian goods were exempted from the new round of tariffs but still must deal with the tariffs previously imposed by the US. Canada will not be exempted by the 90 day pause.
Overnight News:
Chart Analysis: Trends in Canola are up. Support is at 645.00, 638.00, and 624.00 May, with resistance at 682.00, 690.00, and 696.00 May. Trends in Palm Oil are down. Support is at 3910, 3790, and 3670 June, with resistance at 4230, 4280, and 4340 June.

Midwest Weather Forecast Isolated showers or dry conditions. Temperatures should average near to below normal.

DJ Malaysian PM Cash Market Prices for Palm Oil – April 22
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Tuesday, 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
May 1000.00 00.00 Unquoted – –
Jun 980.00 +05.00 Unquoted – –
Jul/Aug/Sep 957.50 +12.50 Unquoted – –
Oct/Nov/Dec 960.00 +10.00 Unquoted – –
Jan/Feb/Mar 965.00 +05.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
May 1005.00 00.00 Unquoted – –
Jun 985.00 +05.00 Unquoted – –
Jul/Aug/Sep 962.50 +12.50 Unquoted – –
Oct/Nov/Dec 965.00 +10.00 Unquoted – –
Jan/Feb/Mar 970.00 +05.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
May 970.00 00.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
May 955.00 -05.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
May 4,150.00 +30.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
May 481.00 -01.00 Unquoted – –
($1=MYR4.39)

DJ China Dalian Grain Futures Closing Prices, Volume – Apr 22
Soybean No. 1
Turnover: 461,539 lots, or 19.45 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-25 4,125 4,238 4,125 4,224 4,108 4,173 65 60,355 37,783
Jul-25 4,170 4,273 4,157 4,260 4,141 4,214 73 261,820 162,462
Sep-25 4,187 4,294 4,181 4,280 4,164 4,239 75 125,300 96,024
Nov-25 4,135 4,219 4,127 4,206 4,118 4,180 62 8,355 34,903
Jan-26 4,140 4,209 4,130 4,193 4,115 4,179 64 3,355 5,165
Mar-26 4,139 4,209 4,136 4,192 4,121 4,175 54 2,354 2,785
Corn
Turnover: 1,072,160 lots, or 24.77 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-25 2,251 2,279 2,251 2,277 2,250 2,270 20 172,412 360,745
Jul-25 2,302 2,327 2,300 2,324 2,292 2,316 24 743,552 1,321,994
Sep-25 2,333 2,348 2,330 2,347 2,323 2,341 18 104,874 313,176
Nov-25 2,281 2,296 2,279 2,295 2,272 2,288 16 32,843 198,473
Jan-26 2,274 2,292 2,273 2,290 2,267 2,283 16 12,907 49,221
Mar-26 2,275 2,290 2,274 2,288 2,265 2,282 17 5,572 17,111
Soymeal
Turnover: 2,416,827 lots, or 73.04 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-25 2,945 2,989 2,930 2,988 2,910 2,957 47 393,367 337,200
Jul-25 2,891 2,915 2,881 2,910 2,886 2,901 15 202,486 503,784
Aug-25 3,034 3,052 3,020 3,042 3,032 3,036 4 31,707 182,891
Sep-25 3,048 3,064 3,032 3,054 3,043 3,048 5 1,583,221 2,416,736
Nov-25 3,079 3,090 3,059 3,080 3,069 3,077 8 33,234 267,019
Dec-25 3,081 3,095 3,069 3,088 3,078 3,081 3 5,099 82,585
Jan-26 3,059 3,079 3,050 3,070 3,062 3,065 3 155,565 530,287
Mar-26 2,910 2,924 2,908 2,918 2,910 2,914 4 12,148 86,415
Palm Oil
Turnover: 1,054,826 lots, or 85.36 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-25 8,502 8,622 8,444 8,568 8,552 8,538 -14 76,181 40,844
Jun-25 8,280 8,376 8,224 8,346 8,314 8,298 -16 7,548 8,428
Jul-25 8,184 8,284 8,118 8,260 8,218 8,210 -8 6,041 8,473
Aug-25 8,072 8,212 8,048 8,196 8,136 8,138 2 115 871
Sep-25 8,028 8,156 7,972 8,130 8,076 8,056 -20 936,452 375,390
Oct-25 7,980 8,110 7,968 8,110 8,038 8,032 -6 30 1,062
Nov-25 7,970 8,100 7,928 8,078 8,026 8,000 -26 69 641
Dec-25 7,962 8,076 7,926 8,076 8,030 7,972 -58 57 205
Jan-26 7,958 8,070 7,904 8,048 8,018 7,976 -42 28,150 65,452
Feb-26 7,962 8,068 7,908 8,046 8,026 8,006 -20 69 821
Mar-26 7,946 8,060 7,904 8,020 8,008 7,988 -20 68 88
Apr-26 7,938 8,080 7,906 8,052 8,026 8,014 -12 46 10
Soybean Oil
Turnover: 554,763 lots, or 43.00 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-25 7,774 7,868 7,754 7,852 7,758 7,800 42 53,260 64,841
Jul-25 7,678 7,782 7,648 7,766 7,686 7,714 28 6,595 16,807
Aug-25 7,712 7,832 7,696 7,818 7,720 7,762 42 946 5,909
Sep-25 7,700 7,820 7,680 7,808 7,706 7,746 40 467,395 584,533
Nov-25 7,722 7,830 7,704 7,828 7,724 7,770 46 87 1,902
Dec-25 7,710 7,830 7,710 7,818 7,732 7,780 48 21 217
Jan-26 7,636 7,764 7,620 7,746 7,642 7,696 54 26,301 90,229
Mar-26 7,598 7,718 7,588 7,694 7,600 7,660 60 158 727
Notes:
1) Unit is Chinese yuan a metric ton;
2) Ch. is day’s settlement minus previous settlement;
3) Volume and open interest are in lots;
4) One lot is equivalent to 10 metric tons.

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