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Jack Scoville

Jack Scoville is an often quoted market analyst in the grain and soft commodities sectors. You will find his commentary throughout the Reuters, Wall Street Journal, Dow Jones, Bloomberg, and Barron's publications. Contact Mr. Scoville at (312) 264-4322

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Grains Report 01/21/2026

By Jack Scoville On January 21, 2026 - 10:37 AM · In Market Commentaries, Morning Grains & Softs Report

DJ USDA Grain Inspections for Export in Metric Tons – Jan 20

WA_GR101

Washington, DC Mon Jan 20, 2026 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 JAN 15, 2026

— METRIC TONS —

————————————————————————-

CURRENT PREVIOUS

———– WEEK ENDING ———- MARKET YEAR MARKET YEAR

GRAIN 01/15/2026 01/08/2026 01/16/2025 TO DATE TO DATE

BARLEY 0 0 0 5,873 9,207

CORN 1,483,622 1,503,923 1,542,329 29,924,411 19,249,525

FLAXSEED 0 0 0 384 264

MIXED 0 0 0 0 122

OATS 0 0 0 4,788 148

RYE 0 0 0 0 0

SORGHUM 174,460 142,954 9,424 1,179,780 1,383,964

SOYBEANS 1,336,684 1,593,056 989,489 19,335,069 32,314,423

SUNFLOWER 0 0 0 0 0

WHEAT 392,611 317,964 261,786 15,974,550 13,330,168

Total 3,387,377 3,557,897 2,803,028 66,424,855 66,287,821

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

DJ Analysts’ Estimates for January Cattle-On-Feed Report

The following estimates, as compiled by the Wall Street Journal for the nation’s feedyards with a capacity of 1,000 or more head, are in percentages of the year-earlier figure. High and low projections were dropped in the calculation of averages. The U.S. Department of Agriculture report is scheduled for release at 3 p.m. ET (2000 GMT) Friday.

Average Range

of estimates of estimates

On-feed Jan 1 96.8 96.0 – 97.6

Placed in Dec 92.7 88.0 – 95.4

Marketed in Dec 101.7 100.0 – 102.5

Analyst On-Feed Placements Marketed

Jan 1 in Dec in Dec

Allegiant Commodity Group 96.9 94.7 101.8

Allendale Inc. 96.1 88.8 101.0

HedgersEdge 97.4 94.9 101.7

Livestock Mktg Info Ctr 96.9 95.1 102.0

Midwest Market Solutions 97.3 95.4 102.5

NFC Markets 96.0 88.3 101.6

Texas A&M Extension 97.6 94.6 101.9

US Commodities 96.2 88.0 100.0

DJ Nearly $1B in Tariff Revenue Collected for Ag Inputs — Market Talk

1046 ET – U.S. tariffs on agricultural products like seeds and pesticides brought in nearly $1 billion in revenue from February to October 2025, says North Dakota State University in a note. More than half of that came from tariffs on farm machinery, while another $273 million in tariff revenue came in from agricultural chemicals, $110 million from fertilizers, and $44 million from seeds. In its research, NDSU says that “domestic importers and farmers bore the tariff burden substantially.” High input costs have been a factor keeping farmer profitability underwater, with crop budgets expected to be largely negative for corn and soybeans this spring. (kirk.maltais@wsj.com)

WHEAT

General Comments: Wheat closed a little lower yesterday as the USDA weekly export inspections report showed stable demand. Better export sales are now anticipated due the move lower seen Monday in reaction to the USDA reports. USDA released its Winter Wheat seedings report on Monday that showed increased planted are for SRW and reduced White Winter Wheat seedings. HRW seedings were unchanged from a year ago. Ending stocks were also increased for the US and the world, so the report was considered bearish. Ending stocks estimates and the quarterly stocks estimates were on the high side of expectations. Concerns on the condition of the Winter Wheat crops moving forward are growing as there is little snow cover and some very cold temperatures in the forecast that could create Winterkill.

Overnight News:

Chart Analysis: Trends in Chicago are mixed. Support is at 500, 494, and 488 March, with resistance at 528, 530, and 536 March. Trends in Kansas City are mixed. Support is at 508, 503, and 499 March, with resistance at 536, 540, and 545 March. Trends in Minneapolis are not available.

RICE:

General Comments Rice was lower yesterday. The market might have finished a bottom formation on the daily and weekly charts. USDA on Monday cut its production estimate for All Rice but left Long Grain production higher than last month. Domestic demand was increased and exports were cut for all classes. Ending stocks were reduced. The average farm price was increased for all Rice but left unchanged for Long Grain. Weaker world prices are expected by the FAO in the coming year. Trends are turning up in the market.

Overnight News:

Chart Analysis: Trends are mixed to up. Support is at 1030, 1002, and 996 March and resistance is at 1079, 1092, and 1110 March.

CORN AND OATS

General Comments: Corn was a little higher. USDA showed solid sales last week. The USDA reports that were released on Monday. USDA increased production by raising harvested area and trimming yields and increased ending stocks through the increased production and a smaller increase in demand. The demand for export and for bio energy needs has held strong, but the export demand was cut back in the WASDE reports even as feed demand remained untouched. Traders had expected a cut to the feed demand. Trends are down. Temperatures in the Midwest should average near to below normal. Oats were slightly lower.

Overnight News: Colombia bought 150,000 tons of US Corn and unknown destinations bought 195,000 tons of US Corn.

Chart Analysis: Trends in Corn are down. Support is at 417, 414, and 411 March, and resistance is at 427, 433, and 443 March. Trends in Oats are mixed to up. Support is at 284, 278, and 27\5 March, and resistance is at 317, 320, and 326 March.

SOYBEANS

General Comments: Soybeans and the products were higher yesterday. The weekly export sales report showed very strong sales, but the export inspections were less in the reports released yesterday. The USDA reports were bearish for Soybeans. Production was increased as was domestic demand. Export demand was cut back and ending stocks were increased. Brazil production was increased. It seems that the market is now more concerned about big supplies coming soon from South America with the Soybeans harvest there now underway. US prices are currently too high to complete many new sales anywhere in the world market except Canada and Mexico. Temperatures will average near to below normal in the Midwest.

Overnight News:

Analysis: Trends in Soybeans are mixed. Support is at 1033, 1030, and 1018 March, and resistance is at 1071, 1082, and 1086 January. Trends in Soybean Meal are mixed. Support is at 286.00, 283.00, and 280.00 March, and resistance is at 307.00, 311.00, and 316.00 March. Trends in Soybean Oil are up. Support is at 5040, 4960, and 4900 March, with resistance at 5340, 5440, and 5500 March.

PALM OIL AND CANOLA

General Comments: Palm Oil futures were higher today on idea of increasing seasonal demand and on ideas that Palm Oil is relatively cheap in the world market. There are still ideas of increasing production. Demand ideas are in a state of flux right now with some looking for weaker demand and other looking for improved demand. Canola was higher yesterday on strong demand ideas. Canada and China reached agreement on a new trade deal which is expected to result in part in new sales of Canola to China There are ideas of a big Soybeans harvest coming from South America.

Overnight News:

Chart Analysis: Trends in Canola are mixed. Support is at 616.00, 600.00, and 590.00 March, with resistance at 644.00, 650.00, and 656.00 March. Trends in Palm Oil are mixed. Support is at 3980, 3900, and 3840 April, with resistance at 4110, 4160, and 4200 April.

DJ Malaysian PM Cash Market Prices for Palm Oil – Jan 21

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