Grains Report 06/24/2026

DJ USDA Grain Inspections for Export in Metric Tons – Jun 22
WA_GR101
Washington, DC Mon Jun 22, 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 JUN 18, 2026
— METRIC TONS —
————————————————————————-
CURRENT PREVIOUS
———– WEEK ENDING ———- MARKET YEAR MARKET YEAR
GRAIN 06/18/2026 06/11/2026 06/19/2025 TO DATE TO DATE
BARLEY 0 122 24 122 122
CORN 1,454,252 1,650,180 1,504,081 67,082,437 53,574,252
FLAXSEED 24 24 0 48 24
MIXED 0 0 0 0 122
OATS 0 0 499 0 1,297
RYE 0 0 0 0 0
SORGHUM 39,072 313,859 80,481 4,422,528 1,934,201
SOYBEANS 241,045 533,438 202,391 36,848,469 45,654,991
SUNFLOWER 0 0 0 40 0
WHEAT 393,150 358,098 254,882 971,031 844,968
Total 2,127,543 2,855,721 2,042,358 109,324,675 102,009,977
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 in both markets yesterday as the harvest continues and as harvest yield reports remain low. Forecasts and reports for improving weather in Wheat areas continue. The crop condition ratings are still among the lowest in over 30 years in HRW areas and have provided some support for prices. Crop conditions should start to show some improvement soon but were lower last week. The Winter Wheat harvest is more than 40% done. USDA showed mostly stable crop conditions this week. Spring Wheat progress is about normal, and conditions are rated as stable from the previous week. Conditions are good in the US Midwest, but Europe has been too hot. The weather is now featuring mostly dry conditions for parts of the Midwest along with warming temperatures. The WASDE report showed less US production based on a cut in yields. The demand side was left unchanged and ending stocks were reduced to 744 million bushels. The average Farm price was also cut back to 6.00/bu in response to the current price action.
Overnight News:
Chart Analysis: Trends in Chicago are mixed to up. Support is at 571, 566, and 560 July, with resistance at 661, 679, and 688 July. Trends in Kansas City are mixed to up. Support is at 614, 608, and 602 July, with resistance at 688, 722, and 750 July. Trends in Minneapolis are not available.

COT — Supplemental Report – Option and Futures Combined Positions as of June 16, 2026
: Reportable Positions : Nonreportable
:—————————————————————————————- : Positions
: Non-Commercial : Commercial : Index Traders : Total
: Long : Short :Spreading: Long : Short : Long : Short : Long : Short : Long : Short
——————————————————————————————————————-
WHEAT-SRW – CHICAGO BOARD OF TRADE
CFTC Code #001602 Open Interest is 554,150
: Positions :
: 63,274 143,691 185,100 123,417 121,499 143,161 65,524 514,952 515,813: 39,197 38,336
: Changes from: June 9, 2026 (Change in open interest: -8,475) :
: 2,637 -1,882 4,943 -9,384 -7,582 -5,004 -4,656 -6,809 -9,177: -1,666 702
: Percent of Open Interest Represented by Each Category of Trader :
: 11.4 25.9 33.4 22.3 21.9 25.8 11.8 92.9 93.1: 7.1 6.9
: Total Traders: 404 Number of Traders in Each Category :
: 113 106 125 99 104 47 27 329 300:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of June 16, 2026
: Reportable Positions : Nonreportable
:—————————————————————————————- : Positions
: Non-Commercial : Commercial : Index Traders : Total
: Long : Short :Spreading: Long : Short : Long : Short : Long : Short : Long : Short
——————————————————————————————————————-
WHEAT-HRW – CHICAGO BOARD OF TRADE
CFTC Code #001612 Open Interest is 322,423
: Positions :
: 48,201 67,834 90,132 68,897 112,539 93,266 27,238 300,495 297,743: 21,927 24,679
: Changes from: June 9, 2026 (Change in open interest: -1,906) :
: 5,476 -7,776 -3,078 -4,689 297 1,479 6,144 -813 -4,414: -1,093 2,509
: Percent of Open Interest Represented by Each Category of Trader :
: 14.9 21.0 28.0 21.4 34.9 28.9 8.4 93.2 92.3: 6.8 7.7
: Total Traders: 265 Number of Traders in Each Category :
: 55 62 82 78 88 35 18 218 208:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of June 16, 2026
: Reportable Positions :
:————————————————————————————————————- :
: Producer/Merchant : : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables :
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading :
—————————————————————————————————————-
WHEAT-HRSpring – MIAX FUTURES EXCHANGE (CONTRACTS OF 5,000 BUSHELS) :
CFTC Code #001626 Open Interest is 84,995 :
: Positions :
: 43,007 50,600 3,761 1,779 661 20,344 14,192 4,163 2,269 1,064 2,207 :
: Changes from: June 9, 2026 :
: 1,717 -3,266 -241 233 -20 -1,936 1,868 -302 -1,053 -172 -1,164 :
: Percent of Open Interest Represented by Each Category of Trader :
: 50.6 59.5 4.4 2.1 0.8 23.9 16.7 4.9 2.7 1.3 2.6 :
: Number of Traders in Each Category Total Traders: 110 :
: 57 43 5 . . 12 14 8 10 4 9 :
—————————————————————————————————————-

RICE:
General Comments Rice closed much higher again yesterday despite good weather in growing areas. The WASDE report showed an uptick in yields and production for long grain with all Rice left unchanged. Long grain demand was left unchanged and the ending stocks were a little higher. The average farm price was left unchanged at 12.00/cwt for long grain and 13.50 for all Rice. USDA said that Rice planted area would be about 12% less in the coming year. Emergence is about average, and condition was slightly improved from last week. Demand remains moderate to poor for US Rice but was good last week.
Overnight News:
Chart Analysis: Trends are mixed to down. Support is at 1232, 1176, and 1164 July and resistance is at 1301, 1308, and 1320 July.

DJ USDA World Market Rice Prices – Jun 24
USDA today announced the prevailing world market prices
of milled and rough rice, adjusted for U.S. milling yields
and location, and the resulting marketing loan gain (MLG)
and loan deficiency payment (LDP) rates. Source: USDA
—–World Price—– MLG/LDP Rate
Milled Value Rough Rough
($/cwt) ($/cwt) ($/cwt)
Long Grain 13.84 8.63 0.00
Medium/Short Grain 13.52 8.92 0.00
Brokens 9.79 —- —-
This week’s prevailing world market prices and MLG/LDP
rates are based on the following U.S. milling yields and
the corresponding loan rates:
U.S. Milling Yields Loan Rate
Whole/Broken ($/cwt)
(lbs/cwt)
Long Grain 49.06/18.81 6.88
Medium Grain/Short Grain 57.70/11.40 6.82

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of June 16, 2026
: Reportable Positions :
:————————————————————————————————————- :
: Producer/Merchant : : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables :
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading :
—————————————————————————————————————-
ROUGH RICE – CHICAGO BOARD OF TRADE (CONTRACTS OF 200,000 POUNDS) :
CFTC Code #039601 Open Interest is 13,787 :
: Positions :
: 4,781 5,047 415 0 0 1,703 2,611 268 1,855 1,885 2,199 :
: Changes from: June 9, 2026 :
: 1,073 -985 -181 0 0 -1,000 109 53 -133 49 91 :
: Percent of Open Interest Represented by Each Category of Trader :
: 34.7 36.6 3.0 0.0 0.0 12.4 18.9 1.9 13.5 13.7 15.9 :
: Number of Traders in Each Category Total Traders: 84 :
: 16 18 . 0 0 12 11 6 21 8 11 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn was a little lower again yesterday on long liquidation and despite big rains in parts of the Midwest that are causing flooding in some fields. It should be drier this week. The WASDE report showed a slight increase in beginning and ending stocks and no other changes. The crop conditions are strong but unchanged last week in the Midwest and news of lower petroleum prices because of the Iran war continues. Forecasts for good growing conditions continue in the Midwest. Silking is starting. It looks drier this week. Temperatures in the Midwest should be cool for the next week. Oats were mixed and trends are still down on the weekly charts.
Overnight News:
Chart Analysis: Trends in Corn are mixed. Support is at 407, 404, and 401 July, and resistance is at 449, 452, and 455 July. Trends in Oats are mixed. Support is at 295, 289, and 283 July, and resistance is at 367, 377, and 387 July.

COT — Supplemental Report – Option and Futures Combined Positions as of June 16, 2026
: Reportable Positions : Nonreportable
:—————————————————————————————- : Positions
: Non-Commercial : Commercial : Index Traders : Total
: Long : Short :Spreading: Long : Short : Long : Short : Long : Short : Long : Short
——————————————————————————————————————-
CORN – CHICAGO BOARD OF TRADE
CFTC Code #002602 Open Interest is 2,661,920
: Positions :
: 224,980 353,623 920,549 778,277 971,044 515,679 164,871 2,439,485 2,410,087: 222,435 251,832
: Changes from: June 9, 2026 (Change in open interest: 95,707) :
: 527 35,185 57,309 -1,477 -27,271 12,209 18,264 68,568 83,487: 27,139 12,220
: Percent of Open Interest Represented by Each Category of Trader :
: 8.5 13.3 34.6 29.2 36.5 19.4 6.2 91.6 90.5: 8.4 9.5
: Total Traders: 917 Number of Traders in Each Category :
: 207 147 227 416 401 54 28 791 707:
——————————————————————————————————————-

SOYBEANS
General Comments: Soybeans were a little higher and the products were a little lower yesterday on reports of improved conditions in the Midwest. Rapid planting and emergence progress was shown by USDA this week and reports of good conditions continue. Condition is rated high by USDA in the latest reports. The WASDE report showed no changes from last month. Futures were also lower on the lack of news on China. Cooler temperatures and wet weather are expected for the next week in the Midwest. There is talk that more Soybeans could be planted as Corn planting is more expensive. The big South American harvests are also weighing on prices. There is more talk of Chinese buying interest in US Soybeans this morning.
Overnight News:
Analysis: Trends in Soybeans are down. Support is at 1102, 1090, and 1072 July, and resistance is at 1157, 1173, and 1205 July. Trends in Soybean Meal are down. Support is at 299.00, 296.00, and 293.00 July, and resistance is at 309.00, 316.00,and 326.00 July. Trends in Soybean Oil are mixed to down. Support is at 7010, 6940, and 6680 July, with resistance at 7270, 7470, and 7600 July.

COT — Supplemental Report – Option and Futures Combined Positions as of June 16, 2026
: Reportable Positions : Nonreportable
:—————————————————————————————- : Positions
: Non-Commercial : Commercial : Index Traders : Total
: Long : Short :Spreading: Long : Short : Long : Short : Long : Short : Long : Short
——————————————————————————————————————-
SOYBEANS – CHICAGO BOARD OF TRADE
CFTC Code #005602 Open Interest is 1,305,487
: Positions :
: 103,512 126,674 393,361 470,623 635,116 282,775 62,829 1,250,271 1,217,980: 55,216 87,507
: Changes from: June 9, 2026 (Change in open interest: 21,919) :
: -18,170 13,347 28,276 11,647 -29,356 -2,946 8,383 18,806 20,650: 3,113 1,269
: Percent of Open Interest Represented by Each Category of Trader :
: 7.9 9.7 30.1 36.0 48.6 21.7 4.8 95.8 93.3: 4.2 6.7
: Total Traders: 639 Number of Traders in Each Category :
: 138 126 181 221 280 52 20 510 521:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of June 16, 2026
: Reportable Positions : Nonreportable
:—————————————————————————————- : Positions
: Non-Commercial : Commercial : Index Traders : Total
: Long : Short :Spreading: Long : Short : Long : Short : Long : Short : Long : Short
——————————————————————————————————————-
SOYBEAN OIL – CHICAGO BOARD OF TRADE
CFTC Code #007601 Open Interest is 825,370
: Positions :
: 129,037 43,907 240,296 270,828 454,471 144,976 47,332 785,136 786,005: 40,233 39,364
: Changes from: June 9, 2026 (Change in open interest: -8,988) :
: -10,875 -1,737 4,435 2,514 -18,474 -2,926 -1,725 -6,852 -17,501: -2,136 8,513
: Percent of Open Interest Represented by Each Category of Trader :
: 15.6 5.3 29.1 32.8 55.1 17.6 5.7 95.1 95.2: 4.9 4.8
: Total Traders: 366 Number of Traders in Each Category :
: 110 69 117 102 113 42 23 312 275:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of June 16, 2026
: Reportable Positions : Nonreportable
:—————————————————————————————- : Positions
: Non-Commercial : Commercial : Index Traders : Total
: Long : Short :Spreading: Long : Short : Long : Short : Long : Short : Long : Short
——————————————————————————————————————-
SOYBEAN MEAL – CHICAGO BOARD OF TRADE
CFTC Code #026603 Open Interest is 717,550
: Positions :
: 105,097 96,866 160,186 235,318 392,064 151,042 30,594 651,643 679,710: 65,907 37,840
: Changes from: June 9, 2026 (Change in open interest: 35,422) :
: -3,901 19,570 24,872 5,223 -24,248 -287 6,491 25,906 26,685: 9,516 8,737
: Percent of Open Interest Represented by Each Category of Trader :
: 14.6 13.5 22.3 32.8 54.6 21.0 4.3 90.8 94.7: 9.2 5.3
: Total Traders: 336 Number of Traders in Each Category :
: 83 64 90 120 113 38 18 287 248:
——————————————————————————————————————-

PALM OIL AND CANOLA
General Comments: Palm Oil closed lower today along with the outside markets. Canola was lower yesterday as conditions remain hot and dry in the Prairies but are starting to improve.
Overnight News
Chart Analysis: Trends in Canola are mixed. Support is at 724.00, 715.00, and 709.00 July, with resistance at 746.00, 759.00, and 782.00 July. Trends in Palm Oil are mixed. Support is at 4610, 4510, and 4470 September, with resistance at 4710, 4740, and 4820 September.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of June 16, 2026
: Reportable Positions :
:————————————————————————————————————- :
: Producer/Merchant : : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables :
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading :
—————————————————————————————————————-
USD Malaysian Crude Palm Oil C – CHICAGO MERCANTILE EXCHANGE (CONTRACTS OF 25 METRIC TONS) :
CFTC Code #037021 Open Interest is 48,723 :
: Positions :
: 43,708 35,699 1,220 7,115 1,725 200 3,544 0 1,470 280 360 :
: Changes from: June 9, 2026 :
: 4,460 3,775 0 125 275 -80 240 0 -180 0 0 :
: Percent of Open Interest Represented by Each Category of Trader :
: 89.7 73.3 2.5 14.6 3.5 0.4 7.3 0.0 3.0 0.6 0.7 :
: Number of Traders in Each Category Total Traders: 29 :
: 11 10 . 6 4 . . 0 . . . :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of June 16, 2026
: Reportable Positions :
:————————————————————————————————————- :
: Producer/Merchant : : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables :
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading :
—————————————————————————————————————-
CANOLA – ICE FUTURES U.S. (20 Metric Tonnes) :
CFTC Code #135731 Open Interest is 349,391 :
: Positions :
: 177,119 187,733 9,059 19,265 3,955 97,142 52,550 28,013 7,150 28,980 24,471 :
: Changes from: June 9, 2026 :
: -3,742 -27,620 -2,081 902 -669 -6,586 11,041 2,661 -1,869 1,284 -1,849 :
: Percent of Open Interest Represented by Each Category of Trader :
: 50.7 53.7 2.6 5.5 1.1 27.8 15.0 8.0 2.0 8.3 7.0 :
: Number of Traders in Each Category Total Traders: 477 :
: 63 139 7 6 7 58 38 29 42 167 67 :
—————————————————————————————————————-

DJ Malaysian PM Cash Market Prices for Palm Oil – June 24
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
July 1147.50 -02.50 Unquoted – –
Jul/Aug/Sep 1147.50 -02.50 Unquoted – –
Oct/Nov/Dec 1170.00 -02.50 Unquoted – –
Jan/Feb/Mar 1180.00 -07.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
July 1152.50 -02.50 Unquoted – –
Jul/Aug/Sep 1152.50 -02.50 Unquoted – –
Oct/Nov/Dec 1175.00 -02.50 Unquoted – –
Jan/Feb/Mar 1185.00 -07.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
July 1115.00 +02.50 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
July 1057.50 +02.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
July 4,590.00 -20.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
July 454.00 +02.00 Unquoted – –
($1=MYR4.134)

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