Grains Report 07/08/2026

DJ CBOT Delivery Intentions: Totals – Jul 8
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
ROUGH RICE July Jul 09, 2026 74 Jul 07, 2026
CORN July Jul 09, 2026 1 Jun 29, 2026
KC HRW WHEAT July Jul 09, 2026 4 Jun 30, 2026
OATS July Jul 09, 2026 1 Jul 07, 2026

WHEAT:
General Comments: Wheat closed mostly a little higher in both markets yesterday on buying tied to the USDA reports and world weather. The harvest continues and harvest yield reports remain low. USDA said that Winter Wheat planted area was 31.52 million acres and that harvested area was just 21.210 million acres. Spring Wheat planted area was 9.290 million acres and harvested will be 9.075 million acres. Durum planted area was estimated at 1.830 million acres, with 1.778 million likely to be harvested. Wheat stocks were 920 million bushels, below most trade expectations but above the previous year. Wheat export sales were a moderate 300,000 tons. Forecasts and reports for improving weather in Wheat areas continue after a very hot week last week. 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 50% 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 scattered showers for parts of the Midwest along with cool temperatures.
Overnight News:
Chart Analysis: Trends in Chicago are mixed to up. Support is at 600, 594, and 582 September, with resistance at 626, 641, and 646 September. Trends in Kansas City are mixed. Support is at 627, 611, and 597 September, with resistance at 664, 674, and 692 September. Trends in Minneapolis are not available

RICE:
General Comments Rice closed higher yesterday. USDA said that Rice planted area is estimated at 2.017 million acres and harvested area is estimated at 1.979 million acres. Long grain planted area is 1.395 million acres and harvested area is 1.375 million. . Emergence is about average, and condition was slightly improved from last week. Demand remains moderate to poor for US Rice and was moderate to poor last week.
Overnight News:
Chart Analysis: Trends are mixed to down. Support is at 1340, 1292, and 1268 September and resistance is at 1391, 1404, and 1416 September.

DJ USDA World Market Rice Prices – Jul 8
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) ($/cwt)
Long Grain 14.32 8.93 0.00
Medium/Short Grain 14.01 9.24 0.00
Brokens 10.13 —- —-
This week’s prevailing world market prices and MLG/LDP
rates are based on the following U.S. milling yields and
the corresponding loan rates:
U.S. Milling Yields Loan Rate
Whole/Broken ($/cwt)
(lbs/cwt)
Long Grain 49.06/18.81 6.88
Medium Grain/Short Grain 57.70/11.40 6.82

CORN AND OATS
General Comments: Corn was higher again yesterday on too much rain in many Midwest growing areas and hot and dry weather in Europe. USDA showed that stocks were a little less than trade expectations at 5.295 billion bushels, but planted and harvested area were a little higher. Corn planted area was estimated at 95.343 million acres and that harvested area is estimated at 87.4 million acres. The export sales report showed decreased volume from recent months It should be cool with showers around this week. 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 higher yesterday and trends are still down on the weekly charts, but are up on the daily charts Oats planted area was estimated at 2.424 million acres and harvested area was estimated at 877 million acres;
Overnight News:
Chart Analysis: Trends in Corn are up. Support is at 406, 404, and 401 September, and resistance is at 454, 459, and 465 September. Trends in Oats are mixed. Support is at 328, 318, and 307 September, and resistance is at 345, 348, and 361 September.

SOYBEANS
General Comments: Soybeans and the products were higher in further reaction to the USDA reports on reports of improved conditions in the Midwest and no new China demand news. Soybeans stocks were estimated at 1.861 billion bales and ere slightly above trade estimates. The quarterly stocks report was neutral. Planted area was estimated at 85.4 million acre and harvested area Was estimated at 84.4 million. 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. Futures were also higher of news of China demand. 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 but there has not been any actual news.
Overnight News: Wire reports suggest that China bought another 5 cargoes of US Soybeans. USDA confirmed sales of 472,000 tons of US Soybeans.
Analysis: Trends in Soybeans are up. Support is at 1163, 1154, and 1149 August, and resistance is at 1202, 1208, and 1220 August. Trends in Soybean Meal are up. Support is at 309.00, 305.00, and 301.00 August, and resistance is at 317.00, 321.00,and 323.00 August. Trends in Soybean Oil are mixed. Support is at 6540, 6440, and 6320 August, with resistance at 7110, 7310, and 7460 August.

PALM OIL AND CANOLA
General Comments: Palm Oil were higher today pn fears of more war between the US and Iran.. Canola was higher on Chicago price action.
Overnight News
Chart Analysis: Trends in Canola are mixed. Support is at 740.00, 728.00, and 710.00 November, with resistance at 770.00, 782.00, and 791.00 November. Trends in Palm Oil are mixed. Support is at 4470, 4410, and 4290 September, with resistance at 4710, 4740, and 4820 September.

DJ Malaysian PM Cash Market Prices for Palm Oil – July 8
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 1150.00 +05.00 Unquoted – –
Aug/Sep 1157.50 +05.00 Unquoted – –
Oct/Nov/Dec 1175.00 +07.50 Unquoted – –
Jan/Feb/Mar 1190.00 +07.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
July 1155.00 +05.00 Unquoted – –
Aug/Sep 1162.50 +05.00 Unquoted – –
Oct/Nov/Dec 1180.00 +07.50 Unquoted – –
Jan/Feb/Mar 1195.00 +07.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
July 1120.00 +10.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
July 1072.50 +10.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
July 4,530.00 +25.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
July 463.00 +07.00 Unquoted – –
($1=MYR4.074)

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