Grains Report 02/10/2026

DJ USDA Report: Recap for U.S. Agriculture Supply, Demand
The following table of analysts’ estimates is provided as a service to The Wall Street Journal subscribers in conjunction with the U.S. Department of Agriculture’s monthly supply-and-demand report scheduled for release at noon ET on Tuesday.
U.S. 2025-26 Stockpiles (millions)
USDA USDA
Average Range January 2024-25
Corn 2,260 2,177-2,452 2,227 1,551
Soybeans 348 265-375 350 325
Wheat 916 876-926 926 855
***
World 2025-26 Stockpiles (million metric tons)
2025-26 USDA USDA
Average Range January 2024-25
Corn 291.3 288.3-294.6 290.9 294.7
Soybeans 125.5 123.2-127.0 124.4 123.4
Wheat 278.3 277.1-279.0 278.3 260.0
***
Brazil Corn, Soybean Production (million metric tons)
2025-26
Average Range USDA January USDA 2024-25
Corn 132.6 131.0-135.5 131.0 136.0
Soybeans 179.2 178.0-181.6 178.0 171.5
Argentina Corn, Soybean Production (million metric tons)
Average Range USDA January USDA 2024-25
Corn 52.9 51.5-55.0 53.0 50.0
Soybeans 48.1 47.0-48.5 48.5 51.1

DJ USDA Grain Inspections for Export in Metric Tons – Feb 9
WA_GR101
Washington, DC Mon Feb 09, 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 FEB 05, 2026
— METRIC TONS —
————————————————————————-
CURRENT PREVIOUS
———– WEEK ENDING ———- MARKET YEAR MARKET YEAR
GRAIN 02/05/2026 01/29/2026 02/06/2025 TO DATE TO DATE
BARLEY 98 122 0 6,411 9,207
CORN 1,307,781 1,147,028 1,364,905 33,931,058 23,126,189
FLAXSEED 0 0 0 408 264
MIXED 0 0 0 0 122
OATS 299 0 0 5,386 148
RYE 0 0 0 0 0
SORGHUM 125,166 53,546 2,399 1,484,950 1,460,473
SOYBEANS 1,136,099 1,317,609 1,097,890 23,136,299 35,290,772
SUNFLOWER 0 0 0 0 0
WHEAT 580,130 330,512 570,298 17,326,585 14,638,147
Total 3,149,573 2,848,817 3,035,492 75,891,097 74,525,322
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

WHEAT
General Comments: Wheat closed a little lower yesterday on the weather that has moderated to above normal temperatures. Temperatures were cold enough a couple of weeks ago to promote Winterkill. The snow came after the cold weather was a factor. Concerns on the condition of the Winter Wheat crops moving forward are growing as there is little snow cover and some very cold temperatures are occurring that could have created Winterkill over the weekend again. Many parts of the Great Plains are too dry for best yield potential.
Overnight News:
Chart Analysis: Trends in Chicago are mixed. Support is at 519, 502, and 510 March, with resistance at 545, 555, and 563 March. Trends in Kansas City are mixed. Support is at 525, 516, and 508 March, with resistance at 550, 553, and 559 March. Trends in Minneapolis are not available.

RICE:
General Comments Rice was a little lower yesterday in consolidation trading and trends are still up. Futures have been recovering for the last month after a very long and sizable down move. Traders anticipate less production this year in the US and around the world due to low prices. Weaker world prices are expected by the FAO in the coming year. Asian Rice prices are under pressure now due to a weaker Indian Rupee that forced costs for Indian Rice lower. Trends are up in the market but demand remains moderate for US Rice.
Overnight News:
Chart Analysis: Trends are up. Support is at 1090 1087, and 1069 March and resistance is at 1139, 1145, and 1154 March.

CORN AND OATS
General Comments: Corn was lower yesterday. Trends are mixed due to excessive supplies as seen in the recent USDA reports after trending higher in recent weeks to the recent demand based rally and after production was increased in the annual report. USDA increased production in the annual reports and the increased supplies have made it hard for prices to rally at all despite reports of strong demand. Temperatures in the Midwest should average above normal next week. Oats were lower and trends are mixed.
Overnight News:
Chart Analysis: Trends in Corn are down. Support is at 417, 414, and 411 March, and resistance is at 445, 453, and 465 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 lower yesterday as the big South American crops were in the news. South American sources said that the Brazil crops are now 16% harvested. There are ideas of additional Chinese demand soon but it will be up to the government to buy as US Soybeans are too high priced for commercial demand from China or almost anywhere else. The tariff wars between the two countries add another layer of cost onto the Soybeans. It still seems that the market is now more concerned about big supplies coming soon from South America with the Soybeans harvest there now underway. Temperatures will average above normal in the Midwest next week.
Overnight News:
Analysis: Trends in Soybeans are mixed. Support is at 1082, 1070, and 1064 March, and resistance is at 1116, 1124, and 1138 March. Trends in Soybean Meal are mixed. Support is at 286.00, 283.00, and 280.00 March, and resistance is at 311.00, 316.00, and 321.00 March. Trends in Soybean Oil are up. Support is at 5490, 5410, and 5340 March, with resistance at 5680, 5740, and 5800 March.

PALM OIL AND CANOLA
General Comments: Palm Oil futures were lower today on reports of weaker demand from private sources. Ideas of increasing seasonal demand and on ideas that Palm Oil is relatively cheap in the world market are still around. Demand ideas are in a state of flux right now with some looking for weaker demand and other looking for improved demand. Production is expected to drop in the short term. Canola was higher yesterday on mostly speculative buying and 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 to up. Support is at 638.00, 634.00, and 623.00 March, with resistance at 668.00, 674.00, and 680.00 March. Trends in Palm Oil are up. Support is at 4150, 4070, and 4010 April, with resistance at 4350, 4420, and 4540 April.

DJ Malaysia’s January Palm Oil Exports 1.48M Tons; Up 11%, MPOB Says
Malaysia’s palm oil exports were up 11% on month at 1.48 million metric tons in January, the Malaysian Palm Oil Board said.
The following are details of the January crop data and revised numbers for December, issued by MPOB:
January December Change
On Month
Crude Palm Oil Output 1,577,454 1,829,549 Dn 13.78%
Palm Oil Exports 1,484,267 1,331,894 Up 11.44%
Palm Kernel Oil Exports 56,093 100,224 Dn 44.03%
Palm Oil Imports 32,316 33,292 Dn 2.93%
Closing Stocks 2,815,493 3,051,147 Dn 7.72%
Crude Palm Oil 1,672,780 1,821,781 Dn 8.18%
Processed Palm Oil 1,142,713 1,229,366 Dn 7.05%
This content was automatically published based on data and/or text from the original source. For feedback, write to singaporeeditors@dowjones.com.

DJ Malaysia Feb. 1-10 Palm Oil Exports Fall 14.25% on Month to 399,995 Tons, AmSpec Says
By Amanda Lee
Malaysia’s palm oil exports during the Feb. 1-10 period are estimated down 14.25% on month at 399,995 metric tons, cargo surveyor AmSpec Agri Malaysia said Tuesday.
The following are the major items in the AmSpec estimate:
(All figures in metric tons)
Feb. 1-10 Jan. 1-10
RBD Palm Olein 78,915 104,335
RBD Palm Oil 20,626 54,111
RBD Palm Stearin 38,396 46,937
Crude Palm Oil 140,320 142,625
Total* 399,995 466,457
*Palm oil product volumes don’t add up to total as some products aren’t included.

DJ Malaysian PM Cash Market Prices for Palm Oil – Feb. 10
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
Feb 1072.50 -07.50 Unquoted – –
Mar 1080.00 -10.00 Unquoted – –
Apr/May/Jun 1085.00 -07.50 Unquoted – –
Jul/Aug/Sep 1080.00 -07.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Feb 1077.50 -07.50 Unquoted – –
Mar 1085.00 -10.00 Unquoted – –
Apr/May/Jun 1090.00 -07.50 Unquoted – –
Jul/Aug/Sep 1085.00 -07.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offe r Change Bid Ch ange Traded
Feb 1045.00 -05.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Feb 1035.00 -05.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Feb 4,100.00 -50.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Feb 441.00 +04.00 Unquoted – –
($1=MYR3.9255)

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