Grains Report 07/15/2026

DJ Brazil Completes Soybean Harvest With Record Production — Market Talk
1339 ET – Brazil has completed its soybean harvest with production at a record 180.6 million metric tons, up 5.3% from the previous harvest thanks to a larger area planted and favorable weather, government agency Conab reports. Corn production from the three crops in the current cycle is expected to reach 141.7 million tons, while wheat, which is in its final planting stage, is expected to see a production decline of 23.5% to 6 million tons. CBOT wheat futures are up 1.6%, corn is 0.6% lower and soybeans are off 0.2%. (anthony.harrup@wsj.com)

DJ CBOT Delivery Intentions: Totals – Jul 15
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN OIL July Jul 16, 2026 4 Jul 14, 2026
ROUGH RICE July Jul 16, 2026 129 Jul 14, 2026
CORN July Jul 16, 2026 13 Jul 07, 2026
KC HRW WHEAT July Jul 16, 2026 5 Jul 14, 2026
SOYBEAN July Jul 16, 2026 1 Jun 29, 2026
WHEAT July Jul 16, 2026 19 Jul 14, 2026

WHEAT:
General Comments: Wheat closed higher in both markets yesterday in recovery trading as the rally tied to the USDA reports and world weather found new footing. The harvest continues and harvest yield reports remain low The crop condition ratings are still among the lowest in over 30 years in HRW areas and have provided some support for prices. 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 hot temperatures.
Overnight News:
Chart Analysis: Trends in Chicago are mixed to up. Support is at 626, 621, and 602 September, with resistance at 660, 674, and 692 September. Trends in Kansas City are mixed to up. Support is at 659, 639, and 627 September, with resistance at 692, 708, and 729 September. Trends in Minneapolis are not available

RICE:
General Comments Rice closed lower 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. Yield was increased, but production was cut to 153.3 million cwt and ending stocks were reduced to 30.09 million cwt for All Rice. 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. Support is at 1340, 1292, and 1268 September and resistance is at 1416, 1428, and 1440 September.

DJ USDA World Market Rice Prices – Jul 15
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 lower yesterday ss the rally tied to too much rain in many Midwest growing areas and hot and dry weather in Europe continued to fizzle out It should be warm with showers in the north this week. The crop conditions are strong but below aa year ago. Forecasts for good growing conditions continue in the Midwest. Silking is starting. Temperatures in the Midwest should be cool for the next week. Oats were lower yesterday and trends are up on the weekly charts, and are up on the daily charts. Oats ending stocks were increased by 6 million bushels to 32 million.
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 up. Support is at 328, 318, and 307 September, and resistance is at 361, 364, and 370 September.

SOYBEANS
General Comments: Soybeans and Soybean Oil were lower and Soybean Meal was higher on reports of improved conditions in the Midwest and no new China demand news. Rapid emergence progress was shown by USDA this week and reports of good conditions continue. Condition is rated high by USDA in the latest reports. Warmer temperatures and wet weather in northern areas are expected for the next week in the Midwest. The big South American harvests are also weighing on prices.
Overnight News: USDA confirmed sales of 136,000 tons of US Soybeans to China.
Analysis: Trends in Soybeans are up. Support is at 1163, 1154, and 1149 August, and resistance is at 1220, 1232, and 1244 August. Trends in Soybean Meal are up. Support is at 315.00, 309.00, and 305.00 August, and resistance is at 325.00, 329.00,and 333.00 August. Trends in Soybean Oil are mixed. Support is at 6540, 6440, and 6320 August, with resistance at 7460, 7580, and 7700 August.

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PALM OIL AND CANOLA
General Comments: Palm Oil was lower today on ideas of big supplies. Canola was higher on Chicago price action.
Overnight News
Chart Analysis: Trends in Canola are mixed to up. Support is at 740.00, 728.00, and 710.00 November, with resistance at 791.00, 797.00, and 803.00 November. Trends in Palm Oil are mixed. Support is at 4530, 4490, and 4430 October, with resistance at 4560, 4740, and 4780 October.

DJ Malaysia July 1-15 Palm Oil Exports Rose 4.0% on Month, AmSpec Says
By Ying Xian Wong
Malaysia’s palm oil exports during the July 1-15 period are estimated up 4.0% on month at 646,438 metric tons, cargo surveyor AmSpec Agri Malaysia said Wednesday.
The following are the major items in the AmSpec estimate:
(All figures in metric tons)
July 1-15 June 1-15
RBD Palm Olein 142,707 105,995
RBD Palm Oil 44,561 45,585
RBD Palm Stearin 39,278 51,990
Crude Palm Oil 159,280 193,273
Total* 646,438 621,704
*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 – July 15
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 1145.00 +02.50 Unquoted – –
Aug 1150.00 +02.50 Unquoted – –
Sep 1160.00 +02.50 Unquoted – –
Oct/Nov/Dec 1172.50 00.00 Unquoted – –
Jan/Feb/Mar 1195.00 00.00 Unquoted – –
Apr/May/June 1195.00 00.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
July 1150.00 +02.50 Unquoted – –
Aug 1155.00 +02.50 Unquoted – –
Sep 1165.00 +02.50 Unquoted – –
Oct/Nov/Dec 1177.50 00.00 Unquoted – –
Jan/Feb/Mar 1200.00 00.00 Unquoted – –
Apr/May/Jun 1200.50 00.00 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 1075.00 +02.50 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
July 4,530.00 +10.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
July 482.00 +02.00 Unquoted – –
($1=MYR4.0755)

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