Grains Report 04/30/2026

DJ U.S. Export Sales: Weekly Sales Totals-Apr 30
For the week ended Apr 23, 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 226.1 156.7 24682.4 21339.8 3260.0 1490.5
hrw 73.5 27.7 8723.6 5479.4 1086.7 272.3
srw 37.4 16.3 3347.0 3130.7 409.5 255.3
hrs 72.1 56.7 6476.0 6667.5 951.8 446.2
white 43.5 56.0 5505.1 5710.8 752.1 446.2
durum -0.4 0.0 630.7 351.5 59.8 70.5
corn 1597.8 0.0 75701.3 58748.5 21617.3 1930.2
soybeans 258.1 3.0 38775.7 47220.9 6062.6 250.6
soymeal 294.9 0.3 14354.0 12351.2 4064.6 218.6
soyoil 3.4 0.0 367.6 976.0 32.2 0.3
upland cotton 162.9 105.7 10691.5 10859.1 3302.5 1338.1
pima cotton 21.9 11.5 428.0 393.7 148.0 16.4
sorghum 12.7 0.0 4667.4 1377.1 1035.6 0.0
barley 0.0 0.0 74.3 34.3 23.3 18.1
rice 39.0 0.0 2338.9 2725.0 602.9 6.8

DJ CBOT Delivery Intentions: Totals – Apr 30
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN OIL May May 01, 2026 400 Apr 15, 2026
ROUGH RICE May May 01, 2026 235 Apr 28, 2026
CORN May May 01, 2026 19 Aug 27, 2025
KC HRW WHEAT May May 01, 2026 578 Apr 29, 2026
OATS May May 01, 2026 150 Apr 29, 2026
WHEAT May May 01, 2026 400 Apr 08, 2026

WHEAT
General Comments: Wheat closed higher in both markets again yesterday as dry conditions in the Great Plains continue. Isolated showers were reported and are forecast in the western Great Plains, but these re not enough to solve any problems. New highs for the move were hit. Conditions are too dry in much of the US Great Plains but remain wet in the US Midwest and in western Europe for best quality potential. The weather is now featuring precipitation is forecast for parts of the Midwest along with variable temperatures. The strait of Hormuz remains closed and the Iraan war continues.
Overnight News:
Chart Analysis: Trends in Chicago are up. Support is at 623, 613, and 602 July, with resistance at 674, 680, and 686 July. Trends in Kansas City are up. Support is at 645, 629, and 605 July, with resistance at 720, 726, and 732 July. Trends in Minneapolis are not available.

RICE:
General Comments Rice closed a little lower yesterday on long liquidation before First Notic Day. The daily trends are down. 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 down. Support is at 1068, 1050, and 1028 July and resistance is at 1112, 1133, and 1152 July.

CORN AND OATS
General Comments: Corn was higher again yesterday as the Iran war continues and that strait of Hormuz remains closed. Farmers were waiting to plant, but some in the central and southern Midwest are planning now and strong demand continues. It looks drier this week, but not completely dry and Chicago has seen more rain Chicago has seen a record amount of rain so far this Spring. 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.
Overnight News:
Chart Analysis: Trends in Corn are up. Support is at 471, 465, and 461 July, and resistance is at 481, 484, and 487 July. Trends in Oats are down. Support is at 342, 337, and 330 July, and resistance is at 353, 356, and 362 July

SOYBEANS
General Comments: Soybeans and Soybean Oil were higher yesterday and Soybean Meal was lower as the weather is too wet for planting in the Midwest. There is talk that more Soybeans could be planted if the weather does not improve for Corn planting soon. The big South American harvests are also weighing on prices. The Iran war continues and the strait of Hormuz remains closed, drive up costs. 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 1179, 1169, and 1157 July, and resistance is at 1201, 1221, and 1230 July. Trends in Soybean Meal are mixed. Support is at 323.00, 319.00, and 316.00 July, and resistance is at 331.00, 335.00,and 338.00 July. Trends in Soybean Oil are mixed to up. Support is at 7150, 6940, and 6690 July, with resistance at 7380, 7440, and 7500 July.

PALM OIL AND CANOLA
General Comments: Palm Oil futures were a little lower today on weaker than expected export demand for the month. The war threat will not go away and demand ideas remain strong. Canola was mixed to higher yesterday.
Overnight News:
Chart Analysis: Trends in Canola are up. Support is at 743.00, 733.00, and 729.00 July, with resistance at 748.00, 754.00, and 760.00 July. Trends in Palm Oil are mixed. Support is at 4450, 4350, and 4280 July, with resistance at 4740, 4800, and 4870 July

DJ Malaysia April 1-30 Palm Oil Exports Fell 16% on Month, AmSpec Says
By Ying Xian Wong
Malaysia’s palm oil exports during the April 1-30 period are estimated down 16% on month at 1,346,859 metric tons, cargo surveyor AmSpec Agri Malaysia said Thursday.
The following are the major items in the AmSpec estimate:
(All figures in metric tons)
April 1-30 March 1-31
RBD Palm Olein 231,060 332,922
RBD Palm Oil 151,714 207,458
RBD Palm Stearin 120,340 181,301
Crude Palm Oil 288,044 267,117
Total* 1,346,859 1,607,065
*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 – Apr 30
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
May 1190.00 -05.00 Unquoted – –
Jun 1195.00 -02.50 Unquoted – –
Jul/Aug/Sep 1197.50 -02.50 Unquoted – –
Oct/Nov/Dec 1205.00 -02.50 Unquoted – –
Jan/Feb/Mar 1207.50 -02.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
May 1195.00 -05.00 Unquoted – –
Jun 1200.00 -02.50 Unquoted – –
Jul/Aug/Sep 1202.50 -02.50 Unquoted – –
Oct/Nov/Dec 1210.00 -02.50 Unquoted – –
Jan/Feb/Mar 1212.50 -02.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
May 1150.00 00.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
May 1057.50 -05.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
May 4,550.00 -10.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
May 463.00 -04.00 Unquoted – –
($1=MYR3.9705)

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