Grains Report 08/03/2026

DJ CBOT Delivery Intentions: Totals – Aug 3
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN OIL August Aug 04, 2026 627 Jul 24, 2026
SOYBEAN August Aug 04, 2026 50 Jul 21, 2026

WHEAT:
General Comments: Wheat was lower last week. The price action was tied to hopes for increased exports despite increased tensions in the Black Sea with Ukrainian bombing keeping Russia unable to ship anything through the Azov Sea and to the USDA export sales reports and world weather. The export sales report showed demand was at the higher end of expectations. The harvest has been interrupted by too much rain in Texas and harvest yield reports remain low The crop harvest us now about three quarters complete. Spring Wheat has been heading and is rated 53% good to excellent. The harvest has started. 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 moderate temperatures after a got week last week. The Great Plains should stay hot and dry.
Overnight News:
Chart Analysis: Trends in Chicago are down. Support is at 629, 626, and 620 September, with resistance at 658, 670, and 686 September. Trends in Kansas City are down. Support is at 691, 679, and 659 September, with resistance at 755, 770, and 79 September. Trends in Minneapolis are not available

COT — Supplemental Report – Option and Futures Combined Positions as of July 28, 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 566,358
: Positions :
: 66,331 89,559 199,466 116,919 153,750 146,110 84,381 528,826 527,155: 37,532 39,203
: Changes from: July 21, 2026 (Change in open interest: -11,878) :
: 5,474 -4,472 -7,939 -10,168 1,722 448 1,714 -12,185 -8,975: 306 -2,904
: Percent of Open Interest Represented by Each Category of Trader :
: 11.7 15.8 35.2 20.6 27.1 25.8 14.9 93.4 93.1: 6.6 6.9
: Total Traders: 415 Number of Traders in Each Category :
: 126 100 133 92 117 45 24 332 309:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of July 28, 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 352,142
: Positions :
: 49,925 45,344 127,830 63,958 131,157 87,933 26,237 329,646 330,568: 22,497 21,574
: Changes from: July 21, 2026 (Change in open interest: 6,601) :
: -1,667 -4,138 9,007 -248 1,765 -1,209 1,618 5,883 8,252: 718 -1,651
: Percent of Open Interest Represented by Each Category of Trader :
: 14.2 12.9 36.3 18.2 37.2 25.0 7.5 93.6 93.9: 6.4 6.1
: Total Traders: 280 Number of Traders in Each Category :
: 61 68 88 71 95 36 17 219 223:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of July 28, 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 86,593 :
: Positions :
: 44,264 57,899 4,228 0 794 19,454 11,604 4,479 1,707 1,574 2,438 :
: Changes from: July 21, 2026 :
: -1,910 5,745 502 -636 -152 -2,038 -7,363 -163 305 762 -237 :
: Percent of Open Interest Represented by Each Category of Trader :
: 51.1 66.9 4.9 0.0 0.9 22.5 13.4 5.2 2.0 1.8 2.8 :
: Number of Traders in Each Category Total Traders: 118 :
: 59 46 8 0 . 13 10 8 10 4 5 :
—————————————————————————————————————-

RICE:
General Comments Rice closed little changed last week after wire reports of stronger prices in India surfaced and offset harvest pressure. 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 has improved slightly from last week Harvest has started in Texas.. Demand remains moderate to poor for US Rice and was moderate to poor last week.
Overnight News:
Chart Analysis: Trends are mixed to up. Support is at 1340, 1393, and 1292 September and resistance is at 1413, 1420, and 1432 September.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of July 28, 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 14,433 :
: Positions :
: 4,728 7,869 417 0 0 2,741 2,400 112 1,478 1,325 1,574 :
: Changes from: July 21, 2026 :
: -108 -113 1 0 0 -146 118 -6 16 7 -71 :
: Percent of Open Interest Represented by Each Category of Trader :
: 32.8 54.5 2.9 0.0 0.0 19.0 16.6 0.8 10.2 9.2 10.9 :
: Number of Traders in Each Category Total Traders: 73 :
: 18 21 . 0 0 12 8 4 14 6 6 :
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CORN AND OATS
General Comments: Corn was lower last week on forecasts for rain in the northern half of the Midwest this weekend and this week. Northwest areas could especially benefit. There is still too much hot and dry weather in the western Midwest and in Europe The export sales report showed that demand was at the higher end of expectations. Ukraine and Russia are back at war again and shipping is very limited in both countries. It should be warm with showers in the northern Midwest this week but other areas should stay mostly dry. The crop conditions are lower than last week and below aa year ago. Dough is starting and progress is ahead of normal. Temperatures in the Midwest should be cooler this week. Oats were higher yesterday in recovery trading.
Overnight News:
Chart Analysis: Trends in Corn are mixed. Support is at 436, 427, and 421 September, and resistance is at 472, 478, and 484 September. Trends in Oats are down. Support is at 307, 300, and 294 September, and resistance is at 333, 349, and 347 September.

COT — Supplemental Report – Option and Futures Combined Positions as of July 28, 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 2,364,856
: Positions :
: 245,218 199,280 785,500 649,228 1,007,983 495,354 137,189 2,175,299 2,129,952: 189,557 234,904
: Changes from: July 21, 2026 (Change in open interest: -61,023) :
: -3,192 -52,416 -49,319 -24,059 52,039 16,286 -15,884 -60,284 -65,581: -739 4,558
: Percent of Open Interest Represented by Each Category of Trader :
: 10.4 8.4 33.2 27.5 42.6 20.9 5.8 92.0 90.1: 8.0 9.9
: Total Traders: 864 Number of Traders in Each Category :
: 177 140 208 382 410 51 24 712 691:
——————————————————————————————————————-

SOYBEANS
General Comments: Soybeans and the products were lower last week despite reports of more Chinese demand and on forecasts for rain in the northern half of the Midwest this weekend and this week. Northwest areas could especially benefit. It is still mostly hot and dry in the southern Midwest. Rapid blooming and setting pods progress was shown by USDA this week and reports of good conditions continue. Condition is less than last week and below a year ago. Cooler temperatures and wet weather in northern areas are expected for the next week in the Midwest. Southern areas should stay hot and dry
Overnight News: China bought 488,000 tons of US Soybeans and unknown destinations bought 136,140 tons of us soybeans.
Analysis: Trends in Soybeans are mixed to down. Support is at 1152, 1140, and 1122 September, and resistance is at 1197, 1210, and 1225 September. Trends in Soybean Meal are mixed to down. Support is at 311.00, 308.00, and 305.00 September, and resistance is at 320.00, 323.00,and 328.00 September. Trends in Soybean Oil are down. Support is at 6660, 6540, and 6440 September, with resistance at 6700, 7110, and 7260 September.

COT — Supplemental Report – Option and Futures Combined Positions as of July 28, 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 1,239,392
: Positions :
: 166,478 66,229 368,075 421,500 685,019 226,839 41,014 1,182,893 1,160,336: 56,500 79,056
: Changes from: July 21, 2026 (Change in open interest: -60,982) :
: 17,272 -12,522 -34,837 -33,561 -5,952 -10,173 -5,135 -61,300 -58,446: 318 -2,536
: Percent of Open Interest Represented by Each Category of Trader :
: 13.4 5.3 29.7 34.0 55.3 18.3 3.3 95.4 93.6: 4.6 6.4
: Total Traders: 659 Number of Traders in Each Category :
: 176 104 183 205 291 51 16 513 525:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of July 28, 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 738,946
: Positions :
: 110,750 41,551 192,547 269,381 447,110 127,990 30,289 700,668 711,496: 38,278 27,450
: Changes from: July 21, 2026 (Change in open interest: -40,267) :
: -16,755 2,941 -16,367 -4,598 -23,880 -1,258 -1,257 -38,978 -38,563: -1,289 -1,704
: Percent of Open Interest Represented by Each Category of Trader :
: 15.0 5.6 26.1 36.5 60.5 17.3 4.1 94.8 96.3: 5.2 3.7
: Total Traders: 342 Number of Traders in Each Category :
: 105 59 102 98 103 41 21 293 247:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of July 28, 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 675,462
: Positions :
: 123,648 47,385 164,946 190,534 408,742 141,781 24,368 620,909 645,442: 54,553 30,020
: Changes from: July 21, 2026 (Change in open interest: -8,785) :
: 591 -6,285 619 -7,908 2,091 -1,922 -4,892 -8,620 -8,467: -165 -318
: Percent of Open Interest Represented by Each Category of Trader :
: 18.3 7.0 24.4 28.2 60.5 21.0 3.6 91.9 95.6: 8.1 4.4
: Total Traders: 336 Number of Traders in Each Category :
: 94 51 90 122 115 40 16 296 243:
——————————————————————————————————————-

PALM OIL AND CANOLA
General Comments: Palm Oil was a little lower last week on weakness in outside markets. Palm Oil was lower today. Canola was lower last week on improved growing conditions.
Overnight News
Chart Analysis: Trends in Canola are mixed to down. Support is at 750.00, 743.00, and 729.00 November, with resistance at 780.00, 800.00, and 815.00 November. Trends in Palm Oil are mixed. Support is at 4600, 4530, and 4400 October, with resistance at 4690, 4740, and 4780 October.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of July 28, 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 51,514 :
: Positions :
: 45,696 38,046 960 5,317 2,778 120 4,335 0 1,220 338 690 :
: Changes from: July 21, 2026 :
: 1,540 1,198 0 362 206 0 40 0 60 0 0 :
: Percent of Open Interest Represented by Each Category of Trader :
: 88.7 73.9 1.9 10.3 5.4 0.2 8.4 0.0 2.4 0.7 1.3 :
: Number of Traders in Each Category Total Traders: 28 :
: 9 10 . 5 5 . . 0 . . . :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of July 28, 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 331,905 :
: Positions :
: 137,361 187,025 9,077 26,105 2,506 114,394 35,763 31,126 13,112 23,713 21,474 :
: Changes from: July 21, 2026 :
: -2,908 23,245 682 1,592 328 8,202 -14,960 709 -31 -4,084 235 :
: Percent of Open Interest Represented by Each Category of Trader :
: 41.4 56.3 2.7 7.9 0.8 34.5 10.8 9.4 4.0 7.1 6.5 :
: Number of Traders in Each Category Total Traders: 498 :
: 54 141 6 9 6 72 30 24 53 162 69 :
—————————————————————————————————————-

DJ Malaysian PM Cash Market Prices for Palm Oil – Aug 3
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Monday, 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
Aug 1135.00 -05.00 Unquoted – –
Sep 1155.00 -05.00 Unquoted – –
Oct/Nov/Dec 1170.00 -05.00 Unquoted – –
Jan/Feb/Mar 1195.00 -02.50 Unquoted – –
Apr/May/June 1195.00 -05.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Aug 1140.00 -05.00 Unquoted – –
Sep 1160.00 -05.00 Unquoted – –
Oct/Nov/Dec 1175.00 -05.00 Unquoted – –
Jan/Feb/Mar 1200.00 -02.50 Unquoted – –
Apr/May/Jun 1200.00 -05.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Aug 1110.00 +02.50 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Aug 1060.00 +02.50 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Aug 4,520.00 -10.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Aug 461.00 -08.00 Unquoted – –
($1=MYR4.0935)

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