Grains Report 03/13/2026

DJ CBOT Delivery Intentions: Totals – Mar 13
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL March Mar 16, 2026 1 Mar 10, 2026
ROUGH RICE March Mar 16, 2026 75 Mar 12, 2026
CORN March Mar 16, 2026 49 Mar 11, 2026
KC HRW WHEAT March Mar 16, 2026 5 Mar 12, 2026
SOYBEAN March Mar 16, 2026 11 Feb 27, 2026
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WHEAT
General Comments: Wheat closed a little higher in Chicago and mixed in KC yesterday in response to the war in Iran. The weekly export sales report showed stronger than expected demand. Middle eastern countries are big buyers of world Wheat and many have been bombed by Iran now. 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 reports of 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. USDA made no changes in the domestic WASDE data and minor changes in the world data.
Overnight News:
Chart Analysis: Trends in Chicago are mixed to up. Support is at 583, 564, and 558 May, with resistance at 642, 648, and 665 May. Trends in Kansas City are mixed to up. Support is at 595, 580, and 567 May, with resistance at 657, 660, and 666 May. Trends in Minneapolis are not available.

RICE:
General Comments Rice closed a little higher yesterday. Trends are still up after a big war related rally as world supplies and trade in Rice could be disrupted, especially in the region near Iran. Traders anticipate less production this year in the US and around the world due to low prices. Asian Rice prices are higher due to war concerns. Trends are mixed as demand remains moderate for US Rice. USDA made no significant changes in the domestic and world WASDE data.
Overnight News:
Chart Analysis: Trends are mixed. Support is at 1105, 1093, and 1063 May and resistance is at 1152, 1164, and 1176 May.

CORN AND OATS
General Comments: Corn was higher a little yesterday on more news that Iran had laid mines in the straits of Hormuz. Shipping has been halted there and some ships have been blown up. Wire reports note that US cash markets are struggling to follow futures markets higher due to excessive supplies and the weekly edxport sales report showed demand was in line with expectations. There are still excessive supplies as seen in the recent USDA reports after prices were trending higher on strong demand. Temperatures in the Midwest should average near to above normal for the next week. Conditions are called good in Argentina and big production is expected there. Oats were higher and trends are up on the daily and weekly charts. USDA made no significant changes in the WASDE reports.
Overnight News:
Chart Analysis: Trends in Corn are up. Support is at 444, 441, and 437 May, and resistance is at 477, 480, and 483 May. Trends in Oats are mixed. Support is at 314, 307, and 301 May, and resistance is at 380, 383, and 386 May

SOYBEANS
General Comments: Soybeans and the products were higher on more news that Iran Hs laid mines in the straits of Hormuz. Shipping has been halted. Big South American crops are being harvested and ideas are that Chinese buying could be interrupted due to the Iran war. China has imposed new phytgo controls on Brazil Soybeans to cu=t the flow of imports to the country. South American sources said that the Brazil crops are now more than 50% harvested. The tariff wars between the US and other countries add to cost of US Soybeans. Temperatures will average near to above normal in the Midwest this week.
Overnight News:
Analysis: Trends in Soybeans are up. Support is at 1188 1171, and 1158 May, and resistance is at 1246, 1258, and 1270 May. Trends in Soybean Meal are up. Support is at 309.00, 307.00, and 304.00 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 6720, 6780, and 6840 May.

PALM OIL AND CANOLA
General Comments: Palm Oil futures were higher today once again on strength in the other markets. Demand ideas are in a state of flux right now with some looking for weaker demand and others looking for improved demand caused by the war. Production is expected to drop in the short term. Canola was a little higher yesterday on hopes for new Chinese demand from the Carney-Xi meetings and the u war with Iran that could be over soon. The sellhigh seen also 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 758.00, 764.00, and 770.00 May. Trends in Palm Oil are up. Support is at 4330, 3990, and 3870 May, with resistance at 4500, 4560, and 4620 May.

DJ Malaysian PM Cash Market Prices for Palm Oil – March 13
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
Mar 1200.00 +07.50 Unquoted – –
Apr/May/Jun 1202.50 +07.50 Unquoted – –
Jul/Aug/Sep 1182.50 +02.50 Unquoted – –
Oct/Nov/Dec 1170.00 +07.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Mar 1205.00 +07.50 Unquoted – –
Apr/May/Jun 1207.50 +07.50 Unquoted – –
Jul/Aug/Sep 1187.50 +02.50 Unquoted – –
Oct/Nov/Dec 1175.00 +07.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Mar 1162.50 +02.50 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Mar 1142.50 +02.50 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Mar 4,500.00 00.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Mar 469.00 +05.00 Unquoted – –
($1=MYR3.9355)

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