Grains Report 05/20/2025

DJ USDA Grain Inspections for Export in Metric Tons – May 19
WA_GR101
Washington, DC Mon May 19, 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 MAY 15, 2025
— METRIC TONS —
————————————————————————-
CURRENT PREVIOUS
———– WEEK ENDING ———- MARKET YEAR MARKET YEAR
GRAIN 05/15/2025 05/08/2025 05/16/2024 TO DATE TO DATE
BARLEY 0 49 0 10,307 2,828
CORN 1,719,034 1,300,112 1,236,179 45,543,097 35,246,661
FLAXSEED 0 24 0 456 48
MIXED 0 0 0 122 572
OATS 0 0 0 647 3,994
RYE 0 0 0 0 72
SORGHUM 38,880 11,199 124,289 1,705,404 4,844,685
SOYBEANS 217,842 439,545 192,232 44,131,939 39,725,135
SUNFLOWER 0 0 96 0 6,101
WHEAT 423,785 405,170 228,998 20,702,520 17,894,381
Total 2,399,541 2,156,099 1,781,794 112,094,492 97,724,477
CROP MARKETING YEARS BEGIN JUNE 1 FOR WHEAT, RYE, OATS, BARLEY AND
FLAXSEED; SEPTEMBER 1 FOR CORN, SORGHUM, SOYBEANS AND SUNFLOWER SEEDS.
INCLUDES WATERWAY SHIPMENTS TO CANADA

This Week Last Week Last Year Average
Cotton Planted 40 28 42 43
Corn Planted 78 62 67 73
Corn Emerged 50 28 38 40
Soybeans Planted 66 48 50 53
Soybeans Emerged 34 17 25 23
Sorghum Planted 33 26 31 31
Rice Planted 87 80 91 87
Rice Emerged 73 64 75 66
Peanuts Planted 51 34 52 50
Sugarbeets Planted 100 91 97 81
Sunflowers Planted 13 9 6
Oats Planted 71 61 69 64
Oats Emerged 91 82 86 83
Winter Wheat Headed 71 59 68 65
Spring Wheat Planted 82 66 76 65
Spring Wheat Emerged 45 27 40 34
Barley Planted 75 63 76 72
Barley Emerged 45 29 45 42

Very Poor Poor Fair Good Excellent
Winter Wheat This Week 6 12 30 44 8
Winter Wheat Last Week 6 12 28 46 8
Winter Wheat Last Year 5 13 33 42 7

Rice This Week 1 2 18 51 38
Rice Lasgt Week 1 1 21 49 28
Rice Last Year 0 1 17 69 13

Oats This Week 7 8 35 43 7
Oats Last Week 7 9 37 41 6
Oats Last Year 4 6 26 57 7

Pastures and Ranges This Week 13 19 28 32 8
Pastures and Ranges Last Week 13 23 28 28 8
Pastures and Ranges Last Year 7 13 31 40 9

WHEAT
General Comments: Winter Wheat markets closed higher again yesterday on speculative buying tied to ideas that the market was very oversold. Winter crops in the Great Plains are reported to be in good condition, but Spring Wheat crops in the northern Great Plains and into Canada have been dry and cold. Some rain was seen in tzhe northern Great Plains last week. Temperatures should be much cooler in most growing areas this week. Chart trends are mixed. Enough Wheat has always been available to the market and demand for US Wheat in export markets has been poor. Dry outlooks for the Black Sea regions are still around. It is hot and dry in important parts of the EU and China. Overall demand for world Wheat has been weak.
Overnight News:
Chart Analysis: Trends in Chicago are mixed Support is at 520, 506, and 5q00 July, with resistance at 540, 548, and 561 July. Trends in Kansas City are down. Support is at 514, 500, and 494 July, with resistance at 531, 547, and 557 July. Trends in Minneapolis are mixed to down. Support is at 572, 566, and 560 July, and resistance is at 606, 617, and 621 July.

RICE: Rice closed a little lower as speculator selling returned to the market. The trends are still turning up in this market. The cash market has been slow with mostly quiet domestic markets and average export demand. 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 planted in most growing areas now. Condition has been rated as good so far by private sources and USDA.
General Comments:
Overnight News:
Chart Analysis: Trends are mixed. Support is at 1259, 1225, and 1212 July and resistance is at 1310, 1324, and 1337 July.

CORN AND OATS
General Comments: Corn was higher yesterday as the market reacted to reports of increased short speculators better planting weather in the Midwest. Cooler and drier weather is in the forecast for the coming week after a arm week last week. The somewhat bullish USDA report released on Monday has had little effect on the price action so far this week. Demand for Corn in domestic and world markets remains strong with sales and shipments of above 1.6 million tons in the latest reporting week. It has been warmer and drier in much of the Midwest and planting progress is expected to be much improved this week. Thew weather this week features cool temperatures and periods of rain. Oats were lower, and the trends are about steady in this market.
Overnight News:
Chart Analysis: Trends in Corn are mixed to down. Support is at 432, 426, and 420 July, and resistance is at 452, 459, and 463 July. Trends in Oats are mixed. Support is at 336, 332, and 326 July, and resistance is at 350, 353, and 362 July.

SOYBEANS
General Comments: Soybeans and the products were higher in response to the price action in the Corn and Wheat nd in part due to the release of the proposed EPA biofuels mandates. A sharp increase in the use of biofuels is desired by the agency. Export demand is in its seasonal doldrums. Brazil prices remain below those from the US in world markets as basis levels dropped there in response to the tariff news between the US and China. Export demand remains less for US Soybeans as China has been taking almost all the export from South America. Cooler temperatures and drier conditions are expected this week after az warm and wet late week last week.
Overnight News Philippines bought 145,000 tons of US Soybean Meal
Analysis: Trends in Soybeans are mixed. Support is at 1046, 1037, and 1027 July, and resistance is at 1082, 1088, and 1105 July. Trends in Soybean Meal are mixed. Support is at 290.00, 287.00, and 284.00 July, and resistance is at 300.00, 302.00, and 306.00 July. Trends in Soybean Oil are mixed. Support is at 4770, 4730, and 4610 July, with resistance at 5020, 5110, and 5260 July.

PALM OIL AND CANOLA
General Comments: Palm Oil futures were higher yesterday on buying seen in response to strength in Soybean Oil. It eas higher today as Soybean Oil rallied. Ideas of increasing production and reduced demand are still around. Chart trends are down. Canola was higher on the price action in Chicago and despite forecasts for improved planting and development conditions in the Prairies. Trends are turning mixed on the daily charts and on the weekly charts. Canadian goods were exempted from the new round of tariffs but still must deal with the tariffs previously imposed by the US. The weather has generally been good for planting in the Prairies but it is too dry in some areas.
Overnight News:
Chart Analysis: Trends in Canola are mixed to up. Support is at 686.00, 680.00, and 662.00 July, with resistance at 716.00, 735.00, and 738.00 July. Trends in Palm Oil are mixed. Support is at 3770, 3710, and 3650 August, with resistance at 3990, 4040, and 4130 August.

Midwest Weather Forecast Mostly dry conditions or isolated showers Temperatures should average below normal.

DJ Malaysian PM Cash Market Prices for Palm Oil – May 2
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
Jun 975.00 +07.50 Unquoted – –
Jul/Aug/Sep 972.50 +07.50 Unquoted – –
Oct/Nov/Dec 972.50 +07.50 Unquoted – –
Jan/Feb/Mar 982.50 +07.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Jun 980.00 +07.50 Unquoted – –
Jul/Aug/Sep 977.50 +07.50 Unquoted – –
Oct/Nov/Dec 977.50 +07.50 Unquoted – –
Jan/Feb/Mar 987.50 +07.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Jun 945.00 +15.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Jun 880.00 +02.50 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jun 3,960.00 +10.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jun 437.00 -01.00 Unquoted – –
($1=MYR4.291)

DJ China Dalian Grain Futures Closing Prices, Volume – May 20
Soybean No. 1
Turnover: 173,495 lots, or 7.25 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-25 4,178 4,208 4,167 4,191 4,184 4,181 -3 116,447 153,454
Sep-25 4,186 4,207 4,171 4,194 4,188 4,187 -1 47,071 97,792
Nov-25 4,097 4,120 4,086 4,103 4,102 4,097 -5 6,111 41,739
Jan-26 4,085 4,110 4,078 4,095 4,093 4,091 -2 1,478 8,513
Mar-26 4,085 4,105 4,078 4,096 4,092 4,087 -5 2,373 5,794
May-26 4,080 4,107 4,075 4,107 4,092 4,083 -9 15 11
Corn
Turnover: 859,435 lots, or 19.96 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-25 2,330 2,339 2,310 2,312 2,332 2,322 -10 646,856 1,333,456
Sep-25 2,353 2,356 2,333 2,335 2,349 2,343 -6 153,167 440,515
Nov-25 2,286 2,288 2,274 2,275 2,280 2,278 -2 31,469 196,606
Jan-26 2,250 2,254 2,240 2,242 2,247 2,245 -2 13,741 59,563
Mar-26 2,245 2,247 2,232 2,234 2,242 2,238 -4 13,784 26,742
May-26 2,264 2,265 2,254 2,258 2,242 2,261 19 418 240
Soymeal
Turnover: 1,466,552 lots, or 42.03 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-25 2,726 2,729 2,698 2,722 2,732 2,714 -18 105,225 512,416
Aug-25 2,871 2,880 2,843 2,873 2,877 2,865 -12 18,150 199,238
Sep-25 2,888 2,895 2,861 2,889 2,893 2,879 -14 1,023,983 2,567,545
Nov-25 2,915 2,928 2,896 2,922 2,926 2,913 -13 36,570 338,169
Dec-25 2,964 2,975 2,946 2,971 2,968 2,960 -8 7,672 87,748
Jan-26 2,950 2,960 2,929 2,955 2,950 2,945 -5 158,638 630,381
Mar-26 2,841 2,846 2,820 2,828 2,847 2,829 -18 47,231 108,712
May-26 2,727 2,735 2,687 2,702 2,847 2,702 -145 69,083 52,683
Palm Oil
Turnover: 678,202 lots, or 54.81 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jun-25 8,282 8,418 8,256 8,336 8,244 8,354 110 9,446 5,299
Jul-25 8,154 8,302 8,152 8,256 8,132 8,236 104 4,805 12,100
Aug-25 8,090 8,212 8,082 8,170 8,078 8,154 76 171 843
Sep-25 8,022 8,144 8,000 8,106 8,006 8,076 70 631,770 415,867
Oct-25 7,984 8,108 7,982 8,076 7,984 8,054 70 155 1,118
Nov-25 7,980 8,110 7,980 8,084 7,988 8,056 68 315 880
Dec-25 7,988 8,126 7,988 8,092 7,992 8,068 76 129 453
Jan-26 8,016 8,142 7,994 8,106 8,000 8,078 78 31,332 92,432
Feb-26 7,996 8,132 7,996 8,132 7,994 8,098 104 16 874
Mar-26 8,028 8,122 8,010 8,102 8,004 8,074 70 40 181
Apr-26 8,042 8,104 8,042 8,096 7,996 8,078 82 7 70
May-26 8,016 8,080 8,012 8,058 7,996 8,030 34 16 13
Soybean Oil
Turnover: 358,701 lots, or 27.96 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-25 7,778 7,840 7,752 7,826 7,776 7,802 26 7,953 30,437
Aug-25 7,772 7,828 7,734 7,814 7,774 7,780 6 1,252 8,134
Sep-25 7,786 7,840 7,746 7,820 7,782 7,796 14 315,179 591,405
Nov-25 7,804 7,858 7,776 7,844 7,802 7,822 20 150 2,237
Dec-25 7,820 7,888 7,802 7,860 7,826 7,850 24 84 349
Jan-26 7,768 7,822 7,740 7,792 7,764 7,782 18 32,950 129,055
Mar-26 7,738 7,768 7,710 7,726 7,726 7,742 16 279 1,048
May-26 7,700 7,700 7,650 7,662 7,726 7,680 -46 854 653
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.

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