Grains Report 04/16/2026

DJ U.S. Export Sales: Weekly Sales Totals-Apr 16
For the week ended Apr 9, in thousand metric tons, except cotton in
thousand running bales. Net changes in commitments are gross sales,
less cancellations, buy-backs and other downward adjustments. Total
commitments are total export shipments plus total sales.
The marketing year for wheat and barley began Jun 1, cotton and
and rice Aug 1, corn, soybeans and sorghum Sep 1, and soymeal and
soyoil Oct 1. Source: USDA
wk’s net chg total
in commitments commitments undlvd sales
this yr next yr this yr last yr this yr next yr
wheat 100.3 131.0 24374.3 21412.8 3839.4 1325.8
hrw 27.8 18.7 8635.2 5448.4 1150.1 238.6
srw -1.5 22.0 3300.9 3120.7 474.0 237.0
hrs 27.6 52.1 6381.7 6731.1 1107.7 389.5
white 44.9 38.2 5448.6 5756.0 995.3 390.2
durum 1.5 0.0 607.9 356.6 112.2 70.5
corn 1400.6 56.5 72786.8 56581.2 22266.5 1490.1
soybeans 247.9 0.0 38153.0 46638.5 6818.6 242.6
soymeal 254.2 1.5 13896.7 11857.2 4306.9 219.8
soyoil 1.1 0.0 362.6 955.4 39.3 0.3
upland cotton 161.1 26.9 10408.6 10553.1 3700.7 1175.3
pima cotton 6.5 0.0 370.0 385.5 112.2 0.5
sorghum 82.9 0.0 4462.1 1355.7 1230.6 0.0
barley 0.0 0.0 74.3 39.9 26.1 16.7
rice 102.8 0.9 2277.4 2661.0 674.9 6.8

WHEAT
General Comments: Wheat closed a little higher in both markets yesterday as rains failed to fall in the western Gret Plains over the weekend but more chances for rains appeared in the forecasts for next wee.. The forecasts call for some rain in the next week or so but not in amountsmor voverage that would ave tzhe crop. WASDE showed that ending stocks were higher mostly due to increased imports but also a small cut to seed demand. The market had expected a small cut to ending stocks. Conditions are too dry in much of the US Great Plains and too wet in the US Midwest and in western Europe for best production and quality potential. Expected rain systems this week in the Great Plains could bring relief to crops produced there. The weather is now featuring precipitation is forecast for parts of the Midwest along with variable temperatures.
Overnight News:
Chart Analysis: Trends in Chicago are mixed. Support is at 564, 558, and 552 May, with resistance at 612, 616, and 625 May. Trends in Kansas City are mixed to up. Support is at 580, 567, and 560 May, with resistance at 638, 648, and 654 May. Trends in Minneapolis are not available.

RICE:
General Comments Rice closed higher yesterday and trends are mixed. The market failed at resistance on the daily charts. Traders anticipate less production this year in the US and around the world due to low prices. USDA said that Rice planted area would be about 12% less in the coming year. Demand remains moderate for US Rice but export demand has been less lately.
Overnight News:
Chart Analysis: Trends are mixed. Support is at 1063, 1055, and 1036 May and resistance is at 1103, 1127, and 1143 May.

CORN AND OATS
General Comments: Corn was higher yesterday as too much rain is falling in the Midwest and farmers want o start planting. 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 be generally warm for the next week. Conditions are called good in Argentina and big production is expected there. Oats were lower and trends are mixed on the daily charts and mixed to on the weekly charts as the market held support areas.
Overnight News:
Chart Analysis: Trends in Corn are mixed. Support is at 438, 435, and 432 May, and resistance is at 460, 470, and 474 May. Trends in Oats are mixed to down. Support is at 331, 322, and 312 May, and resistance is at 353, 360, and 380 May

SOYBEANS
General Comments: Soybeans and the products were higher yesterday as the weather is too wet for planting in the US. The US government apparently has no idea on how to manage risks in the Hormuz or how to end the war. Big South American crops are being harvested, and ideas are that Chinese buying could be interrupted due to the Iran war and new import rules imposed by China. South American sources said that the Brazil crops are now more than 65% harvested. The tariff wars between the US and other countries add to cost of US Soybeans. Temperatures will be generally warm in the Midwest for the next week.
Overnight News:
Analysis: Trends in Soybeans are mixed. Support is at 1144 1137, and 1127 May, and resistance is at 1184, 1216, and 1234 May. Trends in Soybean Meal are mixed. Support is at 328.00, 318.00, and 315.00 May, and resistance is at 336.00, 342.00,and 348.00 May. Trends in Soybean Oil are up. Support is at 6420, 6250, and 6280 May, with resistance at 6960, 7020, and 7080 May.

PALM OIL AND CANOLA
General Comments: Palm Oil futures was lower today on ideas of increasing production. Demand ideas are in a state of flux right now due to the war. Canola was lower yesterday.
Overnight News:
Chart Analysis: Trends in Canola are mixed. Support is at 701.00, 682.00, and 669.00 May, with resistance at 736.00, 743.00, and 758.00 May. Trends in Palm Oil are mixed. Support is at 4540, 4450, and 4350 July, with resistance at 4740, 4800, and 4870 July

DJ Malaysian PM Cash Market Prices for Palm Oil – Apr 16
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Thursday, 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 1170.00 +02.50 Unquoted – –
May 1170.00 00.00 Unquoted – –
Jun 1170.00 -02.50 Unquoted – –
Jul/Aug/Sep 1170.00 00.00 Unquoted – –
Oct/Nov/Dec 1160.00 -02.50 Unquoted – –
Jan/Feb/Mar 1155.00 +05.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Apr 1175.00 +02.50 Unquoted – –
May 1175.00 00.00 Unquoted – –
Jun 1175.00 -02.50 Unquoted – –
Jul/Aug/Sep 1175.00 00.00 Unquoted – –
Oct/Nov/Dec 1165.00 -02.50 Unquoted – –
Jan/Feb/Mar 1160.00 +05.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Apr 1142.40 00.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Apr 1090.00 00.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Apr 4,490.00 00.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Apr 487 -08.00 Unquoted – –
($1=MYR3.9545)

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