Grains Report 06/25/2026

DJ U.S. Export Sales: Weekly Sales Totals-Jun 25
For the week ended Jun 18, 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 504.5 0.0 5497.3 6592.1 4435.4 26.9
hrw 139.0 0.0 1363.2 2541.0 988.9 0.0
srw 106.6 0.0 859.9 1160.9 753.9 0.0
hrs 116.5 0.0 1596.7 1843.5 1283.1 0.0
white 117.2 0.0 1520.6 954.9 1279.4 26.9
durum 25.2 0.0 156.9 91.7 130.0 0.0
corn 743.1 735.9 84667.1 67574.4 16853.1 5379.0
soybeans 455.4 902.2 41039.5 49410.4 4274.2 2238.1
soymeal 153.1 29.2 16781.2 14257.5 4081.0 641.7
soyoil 0.9 0.0 376.4 1055.9 28.8 0.3
upland cotton 83.9 67.1 11801.2 11668.7 2067.3 2375.6
pima cotton 4.3 0.0 484.0 453.2 97.0 70.7
sorghum 36.2 0.0 5028.5 1598.7 518.2 0.0
barley 1.0 0.0 37.6 56.1 34.7 0.0
rice 22.1 30.0 2590.5 3052.5 332.0 166.4

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 601, 618, and 632 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.

RICE:
General Comments Rice closed higher yesterday. 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.

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 lower 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 277, 271, and 265 July, and resistance is at 367, 377, and 387 July.

SOYBEANS
General Comments: Soybeans and the products were lower yesterday on reports of improved conditions in the Midwest and no new China demand news. 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 6940, 6680, and 6620 July, with resistance at 7270, 7470, and 7600 July.

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 and on weakness in the outside markets.
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.

DJ Malaysia June 1-25 Palm Oil Exports Rose 11.1% on Month to 1,052,631 Tons, AmSpec Says
By Ying Xian Wong
Malaysia’s palm oil exports during the June 1-25 period are estimated up 11.1% on month at 1,052,631 metric tons, cargo surveyor AmSpec Agri Malaysia said Thursday.
The following are the major items in the AmSpec estimate:
(All figures in metric tons)
June 1-25 May 1-25
RBD Palm Olein 193,273 213,355
RBD Palm Oil 93,575 86,845
RBD Palm Stearin 96,363 62,880
Crude Palm Oil 290,773 197,253
Total* 1,052,631 947,430
*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 – June 25
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
July 1140.00 -07.50 Unquoted – –
Jul/Aug/Sep 1140.00 -07.50 Unquoted – –
Oct/Nov/Dec 1152.50 -17.50 Unquoted – –
Jan/Feb/Mar 1165.00 -15.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
July 1145.00 -07.50 Unquoted – –
Jul/Aug/Sep 1145.00 -07.50 Unquoted – –
Oct/Nov/Dec 1157.50 -17.50 Unquoted – –
Jan/Feb/Mar 1170.00 -15.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
July 1105.00 -10.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
July 1052.50 -05.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
July 4,530.00 -60.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
July 452.00 -02.00 Unquoted – –
($1=MYR4.1155)

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