Grains Report 03/03/2026

DJ USDA Grain Inspections for Export in Metric Tons – Mar 2
WA_GR101
Washington, DC Mon Mar 2, 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 26, 2026
— METRIC TONS —
————————————————————————-
CURRENT PREVIOUS
———– WEEK ENDING ———- MARKET YEAR MARKET YEAR
GRAIN 02/26/2026 02/19/2026 02/27/2025 TO DATE TO DATE
BARLEY 147 0 122 6,778 9,329
CORN 1,858,624 2,020,239 1,352,573 39,618,674 27,268,257
FLAXSEED 0 0 0 408 288
MIXED 0 0 0 0 122
OATS 0 399 0 5,785 148
RYE 0 0 0 0 0
SORGHUM 237,851 200,287 16,519 2,165,019 1,486,499
SOYBEANS 1,137,582 681,545 702,160 26,182,723 37,600,985
SUNFLOWER 0 0 0 0 0
WHEAT 344,272 563,420 390,689 18,617,519 15,669,217
Total 3,578,476 3,465,890 2,462,063 86,596,906 82,034,845
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 lower yesterday on ideas that demand could be disrupted due ti the Iran war. Middle eastern countries are big buyers of world Wheat. Conditions are too dry in much of the US and too wet in western Europe for best production and quality potential. There is talk that Argentine Wheat is being sold into the southeastern US. There are higher prices paid in overseas markets and on drier weather in the Great Plains. The weather is now averaging above normal temperatures and some light precipitation is forecast for parts of the Great Plains and Midwest. Temperatures were cold enough a couple of weeks ago to promote Winterkill. Many parts of the Great Plains are too dry for best yield potential, but USDA has recently rated the crops in good condition. Russia has been cold as well, but no losses have been reported although some damage is possible.
Overnight News:
Chart Analysis: Trends in Chicago are up. Support is at 575, 570, and 564 May, with resistance at 604, 608, and 614 May. Trends in Kansas City are mixed to up. Support is at 567, 553, and 547 May, with resistance at 597, 603, and 609 May. Trends in Minneapolis are not available.

RICE:
General Comments Rice closed much higher again yesterday. Trends are mixed. The weekly export sales report was considered neutral. Traders anticipate less production this year in the US and around the world due to low prices. Asian Rice prices are under pressure now due to a weaker Indian Rupee that forced costs for Indian Rice lower. Trends are mixed as demand remains moderate for US Rice.
Overnight News:
Chart Analysis: Trends are mixed. Support is at 1036, 1016, and 993 May and resistance is at 1107, 1129, and 1152 May.

CORN AND OATS
General Comments: Corn was a little lower. The selling came in spite of the Iran war that could rally petroleum prices and increase demand for ethanol. Some of the buying came in response to rallies in Wheat markets. There are still excessive supplies as seen in the recent USDA reports after prices were trending higher on strong demand. 4emperatures in the Midwest should average near to above normal next week. Conditions are called good in Argentina and big production is expected there. The Safrinha Corn crop in Brazil is getting planted behind the Soybeans harvest and progress is a little behind normal. Oats were lower and trends are still mixed to up on the daily and weekly charts.
Overnight News:
Chart Analysis: Trends in Corn are up. Support is at 444, 441, and 437 May, and resistance is at 456, 459, and 462 May. Trends in Oats are mixed. Support is at 314, 307, and 301 May, and resistance is at 329, 333, and 339 May.
Unknown destinations bought 196,000 tons of US Corn.
SOYBEANS
General Comments: Soybeans and Soybean Meal were lower on the big South American crops were being harvested and ideas that Chinese buying could be interrupted due to the Iran war. Soybean Oil was higher. South American sources said that the Brazil crops are now more than 40% harvested. There are still ideas of additional Chinese demand soon that were fueled by statements by President Trump that he and Xi had talked and that the president had pushed him for more Soybeans purchases as both sides work to reduce trade tensions between the countries. It will be up to the Chinese government to buy as US Soybeans are too high priced for commercial demand from commercial users in China and almost anywhere else. The tariff wars between the two countries add another layer of cost onto the Soybeans. Temperatures will average near to above normal in the Midwest this week.
Overnight News:
Analysis: Trends in Soybeans are mixed. Support is at 1137, 1129, and 1120 May, and resistance is at 1185, 1190, and 1204 May. Trends in Soybean Meal are up. Support is at 312.00, 309.00, and 307.00 May, and resistance is at 328.00, 330.00, and 339.00 May. Trends in Soybean Oil are up. Support is at 5970, 5850, and 5800 May, with resistance at 6420, 6480, and 6540 May.

PALM OIL AND CANOLA
General Comments: Palm Oil futures highe4r today as the US attacked Iran.. Ideas of increasing seasonal demand and 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 others looking for improved demand. Production is expected to drop in the short term. Canola was higher yesterday on hopes for new Chinese demand from the Carney-Xi meetings and the u Swae with Iran. The selling seen came ideas of big crops in South America.
Overnight News:
Chart Analysis: Trends in Canola are mixed to up. Support is at 682.00, 673.00, and 667.00 May, with resistance at 704.00, 719.00, and 716.00 May. Trends in Palm Oil are up. Support is at 3990, 3930, and 3870 May, with resistance at 4160, 4200, and 4260 May.

DJ Malaysian PM Cash Market Prices for Palm Oil – March 3
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
Mar 1092.50 +05.00 Unquoted – –
Apr/May/Jun 1092.50 +02.50 Unquoted – –
Jul/Aug/Sep 1095.00 +05.00 Unquoted – –
Oct/Nov/Dec 1092.50 +05.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Mar 1097.50 +05.50 Unquoted – –
Apr/May/Jun 1097.50 +02.50 Unquoted – –
Jul/Aug/Sep 1100.00 +05.00 Unquoted – –
Oct/Nov/Dec 1097.50 +05.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Mar 1055.00 00.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Mar 1035.00 00.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Mar 4,100.00 +10.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Mar 444.00 +10.00 Unquoted – –
($1=MYR3.9405)

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