Grains Report 05/28/2025

DJ USDA Grain Inspections for Export in Metric Tons – May 27
WA_GR101
Washington, DC Tue May 27, 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 22, 2025
— METRIC TONS —
————————————————————————-
CURRENT PREVIOUS
———– WEEK ENDING ———- MARKET YEAR MARKET YEAR
GRAIN 05/22/2025 05/15/2025 05/23/2024 TO DATE TO DATE
BARLEY 0 0 0 10,307 2,828
CORN 1,396,206 1,760,433 1,130,328 46,980,702 36,376,989
FLAXSEED 24 0 0 480 48
MIXED 0 0 0 122 572
OATS 0 299 599 946 4,593
RYE 0 0 0 0 72
SORGHUM 51,980 49,358 49,579 1,767,862 4,894,264
SOYBEANS 194,904 225,358 222,977 44,334,628 39,948,112
SUNFLOWER 0 0 0 0 6,101
WHEAT 561,980 431,334 398,904 21,272,049 18,293,285
Total 2,205,094 2,466,782 1,802,387 114,367,096 99,526,864
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 52 40 57 56
Cotton Squaring 3 4 4
Corn Planted 87 79 81 85
Corn Emerged 67 50 55 60
Soybeans Planted 76 66 66 68
Soybeans Emerged 50 34 37 40
Sorghum Planted 39 33 41 38
Peanuts Planted 69 51 65 66
Oats Planted 94 91 92 90
Oats Emerged 81 71 76 75
Oats Headed 29 28 25
Sunflowers Planted 24 13 17 18
Rice Planted 93 87 95 93
Rice Emerged 82 73 82 77
Winter Wheat Headed 75 64 76 70
Spring Wheat Planted 87 82 87 80
Spring Wheat Emerged 60 45 58 53
Barley Planted 82 75 87 84
Barley Emerged 58 45 60 58

Very Poor Poor Fair Good Excellent
Corn This Week 1 4 27 56 12
Corn Last Week
Corn Last Year

Rice This Week 1 4 18 53 24
Rice Last Week 1 2 18 51 28
Rice Last Year 1 2 17 65 15

Winter Wheat This Week 6 13 31 43 7
Winter Wheat Last Week 6 12 30 44 8
Winter Wheat Last Year 6 13 33 40 8

Oats This Week 6 8 35 44 7
Oats Last Week 7 8 35 43 7
Oats Last Year 4 5 25 58 8

Spring Wheat This Week 3 15 37 43 2
Spring Wheat Last Week
Spring Wheat Last Year

Barley This Week 2 11 44 42 1
Barley Last Week
Barley Last Year 2 5 25 62 6

Pastures and Ranges This Week 13 20 26 32 9
Pastures and Ranges Last Week 13 19 28 32 8
Pastures and Ranges Last Year 8 14 30 40 8

WHEAT
General Comments: Wheat markets closed lower on forecasts for improved growing conditions at home and abroad. There are still reports that cold weather had created frosts in Ukraine and Russia and reports of dry weather in the EU and China, but these are forecast to change in the short term. 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 the northern Great Plains last week and wetter and warmer conditions are now forecast. Chart trends are turning down. Overall demand for world Wheat has been weak.
Overnight News:
Chart Analysis: Trends in Chicago are mixed to down Support is at 520, 506 and 500 July, with resistance at 545, 556, and 561 July. Trends in Kansas City are mixed to down. Support is at 514, 500, and 494 July, with resistance at 548, 557, and 563 July. Trends in Minneapolis are mixed. Support is at 596, 590, and 582 July, and resistance is at 611, 617, and 621 July.

RICE:
General Comments: Rice closed higher on follow through buying and began to turn chart trends up on the weekly charts. The trends are up on the daily charts. 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.
Overnight News:
Chart Analysis: Trends are up. Support is at 1319, 1282, and 1261 July and resistance is at 1348, 1369, and 1302 July.

CORN AND OATS
General Comments: Corn was a little lower yesterday, with old crop months weaker and new crop months holding better on the spreads on ideas of good weather conditions for the Corn Belt. Warmer and drier weather is in the forecast for this week after a cold week last week. Demand for Corn in world markets remains strong with sales and shipments of above 1.1 million tons in the latest reporting week. Oats were higher.
Overnight News:
Chart Analysis: Trends in Corn are mixed. Support is at 451, 443, and 437 July, and resistance is at 470, 480, and 487 July. Trends in Oats are mixed. Support is at 348, 341, and 336 July, and resistance is at 362, 367, and 373 July.

SOYBEANS
General Comments: Soybeans were a little higher yesterday, with Soybean Oil higher and Soybean meal trading a little lower on spreads against Soybean Oil. The oil rallied on ideas that EPA was ready to announce new blending requirements this week. The market could turn lower as Brazil basis levels have been under pressure the last few weeks and prices in world markets for Brazil Soybeans are now less than those from the US. Export demand is in its seasonal doldrums. Export demand remains less for US Soybeans as China has been taking almost all the export from South America. Warmer temperatures and drier conditions are expected this week after a cold and wet late week last week.
Overnight News:
Analysis: Trends in Soybeans are mixed. Support is at 1051, 1046, and 1037 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 5030, 5110, and 5260 July.

PALM OIL AND CANOLA
General Comments: Palm Oil futures were a little higher yesterday in response to reports of stronger export demand from cargo surveyors. Ideas that current increased production levels mean higher inventories in MPOB monthly data are still around. Ideas of increasing production and reduced demand are also heard. The Ringgit was stronger to help limit gains. Chart trends are down. Canola was higher. Trends are up on the daily charts and on the weekly charts. The weather has generally been good for planting and crop development in the Prairies.
Overnight News:
Chart Analysis: Trends in Canola are mixed to up. Support is at 699.00, 686.00, and 680.00 July, with resistance at 735.00, 738.00, and 744.00 July. Trends in Palm Oil are mixed to up. Support is at 3770, 3710, and 3650 August, with resistance at 3990, 4040, and 4130 August.

Midwest Weather Forecast Scattered to isolated showers Temperatures should average below normal.

DJ Malaysian PM Cash Market Prices for Palm Oil – May 28
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Wednesday, 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 +02.50 Unquoted – –
Jul 977.50 +05.00 Unquoted – –
Aug/Sep 970.00 00.00 Unquoted – –
Oct/Nov/Dec 975.00 +02.50 Unquoted – –
Jan/Feb/Mar 985.00 +05.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Jun 980.00 +02.50 Unquoted – –
Jul 982.50 +05.00 Unquoted – –
Aug/Sep 975.00 00.00 Unquoted – –
Oct/Nov/Dec 980.00 +02.50 Unquoted – –
Jan/Feb/Mar 990.00 +05.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Jun 945.00 +07.50 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Jun 887.50 +12.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jun 3,920.00 +20.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jun 426.00 00.00 Unquoted – –
($1=MYR4.2228)

DJ China Dalian Grain Futures Closing Prices, Volume – May 28
Soybean No. 1
Turnover: 139,293 lots, or 5.75 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-25 4,146 4,151 4,116 4,119 4,133 4,131 -2 82,861 148,546
Sep-25 4,145 4,153 4,116 4,120 4,132 4,133 1 46,104 118,110
Nov-25 4,038 4,047 4,018 4,021 4,033 4,032 -1 5,196 51,472
Jan-26 4,040 4,045 4,016 4,018 4,029 4,028 -1 2,539 10,640
Mar-26 4,038 4,042 4,016 4,017 4,031 4,028 -3 2,570 7,117
May-26 4,062 4,075 4,055 4,059 4,076 4,066 -10 23 77
Corn
Turnover: 494,049 lots, or 11.48 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-25 2,321 2,327 2,318 2,325 2,319 2,322 3 356,010 1,211,941
Sep-25 2,348 2,351 2,343 2,349 2,344 2,346 2 103,276 498,740
Nov-25 2,280 2,285 2,277 2,284 2,276 2,280 4 19,835 216,169
Jan-26 2,242 2,247 2,239 2,246 2,239 2,243 4 5,963 65,625
Mar-26 2,240 2,241 2,234 2,238 2,234 2,237 3 8,561 31,081
May-26 2,256 2,259 2,254 2,258 2,253 2,256 3 404 2,086
Soymeal
Turnover: 1,264,952 lots, or 37.37 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-25 2,803 2,812 2,791 2,796 2,793 2,800 7 63,284 462,599
Aug-25 2,955 2,963 2,937 2,946 2,943 2,949 6 13,099 197,503
Sep-25 2,966 2,978 2,952 2,961 2,958 2,963 5 961,683 2,316,480
Nov-25 3,010 3,016 2,991 2,997 2,995 3,001 6 50,056 399,309
Dec-25 3,041 3,050 3,028 3,032 3,030 3,035 5 5,205 87,087
Jan-26 3,024 3,033 3,009 3,013 3,012 3,019 7 112,930 675,310
Mar-26 2,870 2,876 2,858 2,866 2,864 2,865 1 31,207 142,506
May-26 2,716 2,717 2,709 2,710 2,711 2,711 0 27,488 159,650
Palm Oil
Turnover: 625,288 lots, or 5.05 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jun-25 8,286 8,358 8,260 8,348 8,266 8,316 50 780 794
Jul-25 8,200 8,250 8,178 8,210 8,154 8,216 62 3,965 11,559
Aug-25 8,136 8,180 8,108 8,144 8,072 8,136 64 234 992
Sep-25 8,068 8,114 8,032 8,076 8,000 8,072 72 596,014 420,256
Oct-25 8,028 8,070 8,024 8,070 7,958 8,044 86 44 1,088
Nov-25 8,010 8,064 8,006 8,064 7,968 8,036 68 108 895
Dec-25 8,030 8,068 8,020 8,068 7,966 8,042 76 40 420
Jan-26 8,042 8,084 8,014 8,060 7,986 8,054 68 23,910 94,592
Feb-26 8,020 8,070 8,020 8,062 7,982 8,038 56 30 900
Mar-26 7,996 8,040 7,994 8,028 7,954 8,016 62 64 255
Apr-26 8,002 8,042 8,002 8,024 7,968 8,030 62 9 76
May-26 7,982 8,010 7,970 8,000 7,950 7,988 38 90 152
Soybean Oil
Turnover: 306,700 lots, or 23.72 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-25 7,806 7,806 7,742 7,744 7,758 7,772 14 3,450 33,004
Aug-25 7,790 7,790 7,730 7,732 7,746 7,754 8 448 7,533
Sep-25 7,764 7,770 7,704 7,712 7,720 7,734 14 277,577 589,435
Nov-25 7,784 7,788 7,732 7,732 7,742 7,764 22 225 3,454
Dec-25 7,786 7,810 7,776 7,776 7,786 7,808 22 356 1,653
Jan-26 7,724 7,738 7,690 7,694 7,694 7,712 18 23,320 147,334
Mar-26 7,628 7,638 7,582 7,588 7,602 7,608 6 118 928
May-26 7,536 7,548 7,492 7,492 7,522 7,520 -2 1,206 3,552
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