Grains Report 07/16/2026

DJ U.S. Export Sales: Weekly Sales Totals-Jul 16
For the week ended Jul 9, 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 235.1 0.0 6345.5 8240.2 4302.6 26.9
hrw 21.0 0.0 1545.3 3247.1 873.8 0.0
srw 75.1 0.0 970.8 1384.6 644.9 0.0
hrs 76.6 0.0 1862.3 2314.3 1318.3 0.0
white 62.5 0.0 1775.2 1165.8 1323.5 26.9
durum 0.0 0.0 191.9 128.4 142.1 0.0
corn 315.0 311.2 86280.0 69466.9 13221.5 6859.6
soybeans 188.3 1769.6 41323.9 50647.7 3141.8 4598.5
soymeal 177.0 51.2 17422.9 15127.9 3548.7 963.3
soyoil -0.3 0.2 375.4 1079.5 24.0 0.5
upland cotton 34.4 4.1 11951.0 11794.8 1553.4 2510.7
pima cotton 3.6 2.4 490.9 458.2 61.1 94.5
sorghum -3.6 0.0 5050.3 1700.1 359.6 0.0
barley 1.5 0.0 40.2 58.3 35.5 0.0
rice 18.1 36.0 2652.9 3089.3 290.6 229.4

DJ CBOT Delivery Intentions: Totals – Jul 16
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN July Jul 16, 2026 8 Jun 30, 2026

WHEAT:
General Comments: Wheat closed sharply higher in both markets yesterday. The rally is tied to increased tensions in the Black Sea with Russia unable to ship anything through th4 Azov Sea and 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 up. Support is at 660, 647, and 629 September, with resistance at 692, 700, and 712 September. Trends in Kansas City are up. Support is at 691, 679, and 659 September, with resistance at 729, 734, and 758 September. Trends in Minneapolis are not available

RICE:
General Comments Rice closed higher yesterday as the rally continued. USDA said that Rice planted and harvested area is estimated to be sharply lower this year, leading to much lower production and tighter ending stocks estimates.. 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.

CORN AND OATS
General Comments: Corn was higher yesterday ss the rally tied to too much rain in many Midwest growing areas and hot and dry weather in Europe returned with the help of the rally in Wheat 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 starting next week. Oats were higher yesterday and trends are up on the weekly charts and are up on the daily charts.
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 Meal were higher and Soybean Oil was lower along with the rallies in the grains and despite 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:
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 higher today. 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 Malaysian PM Cash Market Prices for Palm Oil – July 16
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 1147.50 +02.50 Unquoted – –
Aug 1150.00 00.00 Unquoted – –
Sep 1160.00 00.00 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 1152.50 +02.50 Unquoted – –
Aug 1155.00 00.00 Unquoted – –
Sep 1165.00 00.00 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 00.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
July 1075.00 00.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
July 4,540.00 +10.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
July 493.00 +11.00 Unquoted – –
($1=MYR4.0715)

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