Grains Report 05/06/2026

DJ Canadian Grain/Oilseed Stocks Summary – StatCan – May 6
WINNIPEG–The following table is a recap of Statistics Canada’s
stocks report for the period ended March 31, 2026. Figures are
in million metric tons.
Total Stocks Total Stocks 5-year avg
Mar 31/26 Mar 31/25 (2021-25)
Barley 3.000 3.000 2.741
Canola 9.985 7.835 7.727
Flaxseed 0.380 0.253 0.269
Oats 1.910 1.578 1.814
All wheat 19.473 17.379 15.533
Durum 3.417 2.869 2.422
Lentils 2.376 1.048 1.070
Peas 2.505 1.356 1.373
By MarketsFarm (news@marketsfarm.com, or 204-414-9084)

DJ CBOT Delivery Intentions: Totals – May 6
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
ROUGH RICE May May 07, 2026 45 May 05, 2026
CORN May May 07, 2026 304 Apr 29, 2026
OATS May May 07, 2026 4 May 05, 2026
SOYBEAN May May 07, 2026 24 Apr 29, 2026
WHEAT May May 07, 2026 41 Apr 30, 2026

WHEAT
General Comments: Wheat closed lower in both markets as much improved rains are forecast for later this week in Colorado and Kansas. Isolated showers were reported and are forecast in other parts the western Great Plains, but these are 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 sharply higher yesterday after making new lows for the move as the long liquidation before First Notic Day stopped and deliveries started. The daily trends are mixed. 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 1178, 1152, and 1117 July and resistance is at 1212, 1224, and 1238 July.

CORN AND OATS
General Comments: Corn was lower yesterday as the Iran war continues and that strait of Hormuz remains closed. US Ships are now moving to help move oil ships through the strait but shipments are still delayed and most ships are still bottled up. 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 higher and trends are turning up 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 487, 493, and 499 July. Trends in Oats are down. Support is at 342, 337, and 330 July, and resistance is at 362, 368, and 374 July

SOYBEANS
General Comments: Soybeans and the products were lower yesterday. Temperatures have been cool 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, driving 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 1221, 1230, and 1251 July. Trends in Soybean Meal are mixed. Support is at 316.00, 313.00, and 310.00 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 7560, 7620, and 7680 July.

PALM OIL AND CANOLA
General Comments: Palm Oil followed the outside markets lower on hopes for a peace deal between the US and Iran. Canola was also higher as demand for biofuels remains strong.
Overnight News:
Chart Analysis: Trends in Canola are up. Support is at 743.00, 733.00, and 729.00 July, with resistance at 772.00, 778.00, and 784.00 July. Trends in Palm Oil are mixed. Support is at 4450, 4350, and 4280 July, with resistance at 4740, 4800, and 4870 July

DJ Malaysian PM Cash Market Prices for Palm Oil – May 6
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Wednesday, 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 1195.00 -22.50 Unquoted – –
Jun 1197.50 -22.50 Unquoted – –
Jul/Aug/Sep 1200.00 -20.00 Unquoted – –
Oct/Nov/Dec 1202.50 -22.50 Unquoted – –
Jan/Feb/Mar 1205.00 -20.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
May 1200.00 -22.50 Unquoted – –
Jun 1202.50 -22.50 Unquoted – –
Jul/Aug/Sep 1205.00 -20.00 Unquoted – –
Oct/Nov/Dec 1207.50 -22.50 Unquoted – –
Jan/Feb/Mar 1210.00 -20.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
May 1160.00 -15.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
May 1060.00 -15.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
May 4,590.00 -60.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
May 468.00 -07.00 Unquoted – –
($1=MYR3.929)

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