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Jack Scoville

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Grains Report 09/17/2025

By On September 17, 2025 - 10:08 AM · In Market Commentaries, Morning Grains & Softs Report

DJ USDA Grain Inspections for Export in Metric Tons – Sep 15

WA_GR101
Washington, DC    Mon   Sep 15, 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 SEP 11, 2025
                            — METRIC TONS —
————————————————————————-
                                                   CURRENT     PREVIOUS
             ———– WEEK ENDING ———-  MARKET YEAR  MARKET YEAR
  GRAIN      09/11/2025  09/04/2025  09/12/2024    TO DATE     TO DATE
BARLEY              0         416         318        3,848        4,798
CORN        1,511,691   1,443,179     568,915    2,161,461    1,050,904
FLAXSEED           48          24           0          216          192
MIXED               0           0           0            0            0
OATS              698           0           0        2,793          148
RYE                 0           0           0            0            0
SORGHUM        36,000           0      67,383       36,000       72,351
SOYBEANS      804,352     467,624     474,010    1,068,204      747,598
SUNFLOWER           0           0           0            0            0
WHEAT         755,073     429,116     590,110    7,855,486    7,008,077
Total       3,107,862   2,340,359   1,700,736   11,128,008    8,884,068
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 Bolls Opening    50    40    53    49
Cotton Harvested  9     8     10    8
Corn Dented 85    74    83    86
 Corn Mature      41    25    43    41
Corn Harvested    7     4     8     7
Soybeans Dropping Leaves      41    21    41    40
Soybeans Harvested      5           6     3
Sorghum Coloring  81    71    83    83
Sorghum Mature    44    37    45    42
Sorghum Harvested 22    20    24    23
Peanuts Harvested 3     1     2     3
Sugarbeets Harvested    8           7     8
Oats Harvested    95    94    97    98
Rice Harvested    61    45    63    46
Spring Wheat Harvested  94    85    91    92
Barley Harvested  95    87    93    94
Winter Wheat Planted    11    5     13    13
      Very Poor   Poor  Fair  Good  Excellent
Cotton This Week  4     10    34    42    10
Cotton Last Week  2     9     35    46    8
Cotton Last Year  10    16    35    34    5
Corn This Week    3     6     24    50    17
Corn Last Week    3     6     23    49    18
Corn Last Year    4     8     23    49    16
Soybeans This Week      3     8     26    50    13
Soybeans Last Week      3     7     26    50    14
Soybeans Last Year      3     8     25    52    12
Sorghum This Week 3     7     25    46    19
Sorghum Last Week 3     7     25    47    18
Sorghum Last Year 9     14    33    37    7
Peanuts This Week 1     7     28    54    ten
Peanuts Last Week 1     6     28    54    11
Peanuts Last Year 1     7     32    52    8
Pastures and Ranges This Week 13    22    30    28    7
Pastures and Ranges Last Week 13    22    29    28    8
Pastures and Ranges Last Year 18    26    29    21    6
DJ Statistics Canada Crop Production Report – Sep 17
WINNIPEG–Canada 2025-26 grain/oilseed model-based production estimates.
Source: Statistics Canada. Production in thousand metric tonnes, yield in
kg/hectare, area harvested in thousand hectares.
              Harvested     Avg              Production
                  area     yield    2025-26    2025-26    2024-25
                                        SEP        AUG      FINAL
barley         2,232.8     3,685    8,228.5    7,991.3    8,143.9
edible beans     145.5     2,418      351.8      352.7      424.1
canaryseed       125.8     1,473      185.4      152.9      185.3
canola         8,669.6     2,310   20,028.4   19,937.0   19,239.5
chickpeas        213.8     1,548      331.0      308.9      286.8
corn           1,493.9    10,376   15,500.2   15,552.5   15,344.9
faba beans         N/A       N/A        N/A        N/A       87.8
flaxseed         241.5     1,513      365.4      327.9      258.0
lentils        1,748.2     1,700    2,972.1    2,655.2    2,431.3
mixed grains      51.6     2,682      138.4      138.5      151.9
mustard          140.6     1,002      140.9      134.3      192.3
oats             981.3     3,434    3,369.9    3,392.7    3,357.6
dry peas       1,384.9     2,573    3,563.3    3,408.3    2,997.4
fall rye*        174.8     3,100      541.8      554.3      420.9
soybeans       2,320.3     3,074    7,133.5    7,016.5    7,568.0
sugar beets        N/A       N/A        N/A        N/A    1,444.9
sunflower seed    26.6     2,302       61.2       59.6       50.7
triticale          N/A       N/A        N/A        N/A      100.6
all wheat     10,658.6     3,436   36,624.0   35,547.8   35,938.8
durum wheat    2,574.4     2,538    6,534.6    6,078.0    6,380.3
spring wheat   7,454.0     3,570   26,607.5   25,992.0   26,515.2
winter wheat*    630.2     5,526    3,481.9    3,477.8    3,043.4
*Fall rye and winter wheat numbers represent what was remaining
after winterkill.
Source: MarketsFarm (news@marketsfarm.com, or 204-414-9084)
WHEAT
General Comments:   Wheat was a little higher yesterday even as reports of weaker Russian prices are still around.  Russian sources told wire services that producers there are set to reduce offers and production due to low prices and problems with the government.  USDA cut US ending stocks to 844 million bushels and cut world ending stocks to 262.4 million tons.  It remains too dry in Winter Wheat areas and too wet in Spring Wheat areas of Russia.  A French government report showed plenty of production but lower quality.  Rains have been good in the northern Great Plains but Canada has been a little too dry for best yield potential and the northern Plains had hot and dry areas earlier in the year.  Russian Black Sea prices have been dropping as late yields have improved.  Southern hemisphere crops appear to be good and Australia estimates that production this year will be high.
Overnight News:
Chart Analysis: Trends in Chicago are mixed.  Support is at 511, 505 and 499 December, with resistance at 529, 535, and 543 December.  Trends in Kansas City are mixed.  Support is at 502, 496, and 490 December, with resistance at 520, 523, and 529 December. Trends in Minneapolis are not available.
RICE:
General Comments   Rice was higher yesterday in recovery trading.  USDA issued bearish reports on Friday.  Production was higher at 208.777 million cwt on increased harvested area and a slight reduction in yields.  Ending stocks were increased to 53.4 million cwt on more production and less demand, especially for export.  The harvest is wrapping up in Texas and southern Louisiana.  Crop condition ratings were mostly good last week.  Chart trends are down on the charts.  The cash market has been slow with low bids from buyers in domestic markets and average or less export demand.  Louisiana reports good but not great yields and quality.  Texas reports average to below average field and milling yields.  Milling quality of the old crop Rice remains below industry standards and it takes more Rough Rice to create the grain for sale to stores and exporters.  Harvest is increasing in Mississippi and Arkansas.
Overnight News:
Chart Analysis: Trends are mixed to down.  Support is at 1124, 1112, and 1100 November and resistance is at 1168, 1181, and 1201 November.
CORN AND OATS
General Comments: Corn was higher yesterday after moving lower on Monday as the crop is maturing and the harvest is starting to expand.  Ideas are that futures have created a low as prices were able to rally on no news or bad news.  The USDA reports were negative for futures as production was increased to 16.814 billion bushels on increased planted area and a decrease in yield estimates.  Ending stocks were increased to 2.110 billion bushels and world stocks were decreased to 284.2 million tons.  Ethanol demand was down 6% from last month at 456 million bushels and there are concerns about feed demand moving forward as feeder cattle imports from Mexico have been banned due to reports of screw worm disease in the cattle.  There are also ideas that US production might not be super strong due to disease such as rust to offset the demand losses.  Temperatures should average near to above normal this week and it should be mostly dry.  Most of the western Midwest has seen adequate or greater precipitation and production ideas are high.  Areas east of the Mississippi River have been very dry for the last month or more.  Demand for Corn in world markets remains moderate to strong.  Oats were little changed.
Overnight News:  Unknown destinations bought 148,971 tons of US Corn.
Chart Analysis:  Trends in Corn are mixed to up.  Support is at 420, 417, and 414 December, and resistance is at 430, 434, and 442 December.  Trends in Oats are mixed.  Support is at 318, 313, and 307 December, and resistance is at 329, 338, and 344 December.
SOYBEANS
General Comments: Soybeans and Soybean Meal were higher yesterday after trading lower on Monday on increased production estimates from USDA seen on Friday.  Soybean Oil closed a little higher.  Ideas are that futures have created a low as prices were able to rally on no news or bad news.  USDA estimated US Soybean production at 4.301 billion bushels, from 4.292 billion last month.  Yields were little changed at 53.5 bu/acre.  Ending stocks were increased to 300 million bushels for the US but were a little lower for the world at 264.1 million tons.  Cool and dry weather has been seen recently in the Midwest.  The dry weather could hurt pod fill and bean size. A drop in condition ratings by USDA was expected and given as a reason to buy.   China has not bought US Soybeans yet and traders are worried that demand for the new crop will be a lot less this year. Good growing conditions continue in the Midwest with cool and mostly dry weather in the forecast.  Prices are still higher in Brazil, but China and other buyers are still buying there for political reasons.  Export demand remains less for US Soybeans as China has been taking almost all the export from South America.
Overnight News:
Analysis:  Trends in Soybeans are mixed to up.  Support is at 1035, 1022, and 1012 November, and resistance is at 1055, 1063, and  1074 November.  Trends in Soybean Meal are mixed.  Support is at 274.00, 270.00, and 266.00 October, and resistance is at 290.00, 293.00, and 295.00 October.  Trends in Soybean Oil are mixed.  Support is at 5050, 4940, and 4840 October, with resistance at 5340, 5440, and 5600 October.
PALM OIL AND CANOLA
General Comments:   Palm Oil futures were higher last week and today, witzh the rally today based on strong export demand.  Demand for export has been strong to start the month.  There was talk that India will soon be buying a lot with festivals coming soon.  Ideas that current increased production levels mean higher inventories in MPOB monthly data are still around.  Canola was h=igher with Chicago Soybeans.  Concerns remain about demand potential.  The Canadian government is moving now to support farmers in the face of the Chinese demand loss and also in the face of the Trump tariffs.  Trends are up on the daily charts and are turning up on the weekly charts.
Overnight News:
Chart Analysis: Trends in Canola are mixed.  Support is at 610.00, 602.00, and 596.00 November, with resistance at 640.00, 653.00, and 661.00 November.  Trends in Palm Oil are mixed to up.  Support is at 4380, 4340, and 4300 November, with resistance at 4530, 4590, and 4650 November.
Trends are mixed to down.  Support is at 1124, 1112, and 1100 November and resistance is at 1168, 1181, and 1201 November.
DJ Malaysian PM Cash Market Prices for Palm Oil – Sep 17
  The following are prices for Malaysian palm oil in the cash market at 1000 GMT Wedneday, 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
Sep          1090.00    +02.50      Unquoted   –        –
Oct          1095.00    +05.00      Unquoted   –        –
Nov/Dec      1105.00    +07.50      Unquoted   –        –
Jan/Feb/Mar  1110.00    +07.50      Unquoted   –        –
Apr/May/Jun  1085.00    +05.00      Unquoted   –        –
RBD palm olein, FOB, Malaysian ports
              Offer      Change      Bid        Change   Traded
Sep           1095.00    +02.50      Unquoted   –        –
Oct           1100.00    +05.00      Unquoted   –        –
Nov/Dec       1110.00    +07.50      Unquoted   –        –
Jan/Feb/Mar   1115.00    +07.50      Unquoted   –        –
Apr/May/Jun   1090.00    +05.00      Unquoted   –        –
RBD palm stearin, FOB, Malaysian ports
              Offer      Change      Bid        Change   Traded
Sep           1087.50    +15.00      Unquoted   –        –
Palm Fatty Acid Distillate, FOB Malaysian ports
              Offer      Change      Bid        Change   Traded
Sep           1037.50    +07.50      Unquoted   –        –
Crude palm oil, Delivered Basis, South Malaysia
               Offer      Change      Bid        Change   Traded
Sep            4,440.00   +20.00      Unquoted   –        –
Palm kernel oil, Delivered Basis, South Malaysia
               Offer      Change      Bid        Change   Traded
Sep            482.00     +02.00      Unquoted   –        –
($1=MYR4.1865)
DJ China Dalian Grain Futures Closing Prices, Volume – Sep 17
Soybean No. 1
Turnover: 172,497 lots, or 6.76 billion yuan
            Open      High       Low     Close     Prev.    Settle       Ch.       Vol      Open
                                                  Settle                                Interest
Nov-25     3,924     3,936     3,892     3,895     3,934     3,914       -20   121,686   226,519
Jan-26     3,933     3,939     3,896     3,900     3,937     3,919       -18    41,062   116,268
Mar-26     3,938     3,945     3,903     3,906     3,943     3,924       -19     4,057    30,996
May-26     3,981     3,987     3,945     3,947     3,984     3,964       -20     1,909     7,057
Jul-26     3,984     3,991     3,950     3,951     3,990     3,970       -20     3,659     6,562
Sep-26     3,993     3,996     3,960     3,961     3,998     3,976       -22       124       228
Corn
Turnover: 597,952 lots, or 12.94 billion yuan
            Open      High       Low     Close     Prev.    Settle       Ch.       Vol      Open
                                                  Settle                                Interest
Nov-25     2,166     2,171     2,156     2,161     2,169     2,163        -6   416,188   812,333
Jan-26     2,153     2,160     2,152     2,155     2,158     2,155        -3   123,139   444,349
Mar-26     2,166     2,174     2,162     2,166     2,173     2,166        -7    32,480   189,703
May-26     2,226     2,232     2,222     2,224     2,231     2,226        -5    13,977    86,136
Jul-26     2,243     2,247     2,235     2,239     2,246     2,240        -6    11,865    31,500
Sep-26     2,256     2,260     2,252     2,254     2,262     2,254        -8       303       684
Soymeal
Turnover: 1,819,291 lots, or 54.28 billion yuan
            Open      High       Low     Close     Prev.    Settle       Ch.         Vol        Open
                                                  Settle                                    Interest
Nov-25     3,009     3,014     2,962     2,965     3,015     2,980       -35     109,403     527,741
Dec-25     3,058     3,063     3,009     3,015     3,064     3,031       -33      14,815     142,396
Jan-26     3,042     3,051     2,998     3,002     3,046     3,019       -27   1,383,681   2,070,225
Mar-26     2,980     2,985     2,941     2,945     2,986     2,960       -26      51,047     341,399
May-26     2,804     2,809     2,776     2,781     2,807     2,790       -17     235,702   1,014,666
Jul-26     2,783     2,787     2,762     2,765     2,786     2,774       -12      12,632     144,912
Aug-26     2,911     2,912     2,889     2,891     2,912     2,901       -11       4,656      31,106
Sep-26     2,915     2,917     2,895     2,897     2,918     2,904       -14       7,355      21,092
Palm Oil
Turnover: 732,619 lots, or 69.46 billion yuan
            Open      High       Low     Close     Prev.    Settle       Ch.       Vol      Open
                                                  Settle                                Interest
Oct-25     9,402     9,462     9,314     9,322     9,406     9,408         2     6,509     2,959
Nov-25     9,466     9,490     9,350     9,366     9,432     9,416       -16     6,830    13,169
Dec-25     9,506     9,536     9,386     9,406     9,462     9,464         2     1,241     1,599
Jan-26     9,534     9,570     9,408     9,424     9,484     9,494        10   680,632   436,003
Feb-26     9,498     9,524     9,386     9,388     9,434     9,464        30        59     1,501
Mar-26     9,466     9,490     9,342     9,366     9,404     9,416        12        52       658
Apr-26     9,400     9,400     9,276     9,296     9,326     9,340        14        36        90
May-26     9,290     9,330     9,186     9,212     9,242     9,258        16    37,075    86,078
Jun-26     9,198     9,202     9,080     9,086     9,126     9,140        14        46        99
Jul-26     9,090     9,096     8,988     8,988     9,020     9,060        40        20       166
Aug-26     9,028     9,040     8,926     8,926     8,954     8,988        34         8        53
Sep-26     8,930     8,982     8,872     8,888     8,882     8,922        40       111        92
Soybean Oil
Turnover: 404,416 lots, or 33.93 billion yuan
            Open      High       Low     Close     Prev.    Settle       Ch.       Vol      Open
                                                  Settle                                Interest
Nov-25     8,458     8,494     8,370     8,378     8,446     8,440        -6     9,711    16,583
Dec-25     8,478     8,522     8,406     8,412     8,462     8,476        14     1,164     6,364
Jan-26     8,448     8,480     8,358     8,366     8,418     8,422         4   347,820   588,445
Mar-26     8,356     8,394     8,296     8,304     8,336     8,350        14        69     1,618
May-26     8,150     8,182     8,082     8,098     8,122     8,132        10    45,387   224,658
Jul-26     8,094     8,122     8,040     8,048     8,076     8,088        12       149       457
Aug-26     8,114     8,114     8,094     8,094     8,078     8,104        26         6        52
Sep-26     8,100     8,124     8,034     8,048     8,086     8,080        -6       110       237
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.
DJ Malaysian PM Cash Market Prices for Palm Oil – March 28
  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
Apr          1135.00    +15.00      Unquoted   –        –
Apr/May/Jun  1092.50    +20.00      Unquoted   –        –
Jul/Aug/Sep  1012.50    +17.50      Unquoted   –        –
Oct/Nov/Dec  1002.50    +15.00      Unquoted   –        –
Jan/Feb/Mar  1007.50    +12.50      Unquoted   –        –
RBD palm olein, FOB, Malaysian ports
              Offer      Change      Bid        Change   Traded
Apr           1140.00    +15.00      Unquoted   –        –
Apr/May/Jun   1097.50    +20.00      Unquoted   –        –
Jul/Aug/Sep   1017.50    +17.50      Unquoted   –        –
Oct/Nov/Dec   1007.50    +15.00      Unquoted   –        –
Jan/Feb/Mar   1012.50    +12.50      Unquoted   –        –
RBD palm stearin, FOB, Malaysian ports
              Offer      Change      Bid        Change   Traded
Apr           1112.50    +20.00      Unquoted   –        –
Palm Fatty Acid Distillate, FOB Malaysian ports
              Offer      Change      Bid        Change   Traded
Apr           1070.00    +15.00      Unquoted   –        –
Crude palm oil, Delivered Basis, South Malaysia
               Offer      Change      Bid        Change   Traded
Apr            4,830.00   +70.00      Unquoted   –        –
Palm kernel oil, Delivered Basis, South Malaysia
               Offer      Change      Bid        Change   Traded
Apr            494.00     +07.00      Unquoted   –        –
($1=MYR4.4363)
  (END) Dow Jones Newswires
  03-28-25 0623ET
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