Grains Report 08/27/2026

DJ U.S. Export Sales: Weekly Sales Totals-Aug 27
For the week ended Aug 20, 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 402.5 0.0 8269.3 12104.8 3834.7 26.9
hrw 52.9 0.0 1880.5 5023.6 659.0 0.0
srw 59.3 0.0 1295.8 1745.4 536.2 0.0
hrs 59.2 0.0 2418.1 2991.0 1257.3 0.0
white 231.1 0.0 2441.8 2155.0 1288.9 26.9
durum 0.0 0.0 233.1 189.7 93.4 0.0
corn 31.2 1066.4 87757.4 70474.6 4266.9 12457.5
soybeans 73.9 2478.3 41948.7 50815.4 1505.0 14334.1
soymeal 104.7 322.8 17972.5 15644.7 2412.8 2425.3
soyoil 0.4 0.0 374.5 1103.1 15.9 4.9
upland cotton 95.7 39.6 4331.4 3412.1 3787.9 339.9
pima cotton 2.1 0.0 168.3 98.1 146.8 0.0
sorghum 15.0 10.0 5098.8 1795.7 109.7 23.5
barley 1.0 0.0 46.1 46.8 32.9 0.0
rice 20.0 0.0 623.2 549.6 483.5 0.0

WHEAT:
General Comments: Wheat was sharply higher in both markets yesterday as the Ukraine-Russia war continues and threatens any exports from the region. The president of Ukraine has said that his country and Russia would sit down soon to try to find a way for grains exports to resume from both countries, but Russia has so far rejected the idea Ukraine has hit infrastructure in Russia again by hitting a space facility and Russia will hit back. The Winter Wheat harvest is almost over. Spring Wheat is being harvested and is rated 51% good to excellent in reports released a week ago excellent. Conditions are MIXeD 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 mixed. Support is at 660, 646, and 626 September, with resistance at 736, 748, and 760 September. Trends in Kansas City are mixed. Support is at 731, 719, and 694 September, with resistance at 796, 808, and 820 September. Trends in Minneapolis are not available

RICE:
General Comments Rice closed higher yesterday and near the highs of the day on reports of a very weak Indian monsoon that is threatening ag production including Rice. Brazil prices are strong on ideas of short production and El Nino fears for production on the next crop. Condition in the US was little changed from the previous week. Harvest is active in most states and is 27% complete. Demand remains moderate to poor for US Rice and was moderate last week. El Nino is threatening production in Asia and Indian prices remain high and are going higher, Trends are up on the daily charts and are turning up on the weekly charts,
Overnight News:
Chart Analysis: Trends are mixed to up. Support is at 1402, 1392, and 1374 September and resistance is at 1508, 1516, and 1528 September.

CORN AND OATS
General Comments: Corn was higher again yesterday on the results of the Pro Farmer tour and ideas of more potential losses from stressful weather around the world but especially in Europe and Asia. Pro Farmer estimated the US yield at 173.2 bu/acre and total production at 15.344 billion bushels. The estimate is the lowest heard by us so far this year and well below the August estimates from USDA. There is still too much hot and dry weather in the western and southern Midwest but moderating conditions in Europe. Ukraine and Russia are back at war again and shipping is very limited in both countries. It should be cooler with drier weather in the Midwest this week. The crop conditions are lower than last week and below aa year ago. Maturity is starting and progress is ahead of normal with maturity under way. Temperatures in the Midwest should be cooler this week. Oats were higher.
Overnight News:
Chart Analysis: Trends in Corn are mixed . Support is at 492, 486, and 478 September, and resistance is at 516, 524, and 530 September. Trends in Oats are mixed. Support is at 319, 312, and 307 September, and resistance is at 349, 357, and 364 September.

SOYBEANS
General Comments: Soybeans and Soybean Meal were higher yesterday in part on the Pro Farmer estimates and in part on renewed buying from China and a decision by Trump to keep the worst of the tariffs from China ahead of the summit. Soybean Oil was a little lower. Pro Farmer estimated the US yield at 53.3 bu/acre and the total US production at 4.572 billion bushels. Both estimate are above the USDA August estimates. It is still mostly hot and dry in the southern and western Midwest. Leaves are starting to drop according to USDA this week and reports of good conditions continue. Condition is below a year ago and unchanged from last week. Cooler temperatures and drier weather in northern areas are expected for the next week in the Midwest. Southern areas should stay hot and dry
Overnight News:
Analysis: Trends in Soybeans are up. Support is at 1239, 1216, and 1198 September, and resistance is at 1268, 1280, and 1292 September. Trends in Soybean Meal are up. Support is at 314.00, 308.00, and 396.00 September, and resistance is at 331.00, 334.00,and 340.00 September. Trends in Soybean Oil are mixed to down. Support is at 6530, 6440, and 6380 September, with resistance at 6910, 7060, and 7140 September.

PALM OIL AND CANOLA
General Comments: Palm Oil was lower today. Canola was higher yesterday.
Overnight News
Chart Analysis: Trends in Canola are mixed to up. Support is at 769.00, 754.00, and 749.00 November, with resistance at 797.00, 806.00, and 826.00 November. Trends in Palm Oil are mixed to up. Support is at 4850, 4800, and 4750 November, with resistance at 5030, 5060, and 5090 October.

DJ Malaysian PM Cash Market Prices for Palm Oil – Aug 27
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
Sep 1185.00 -05.00 Unquoted – –
Oct/Nov/Dec 1220.00 -02.50 Unquoted – –
Jan/Feb/Mar 1272.50 -05.00 Unquoted – –
Apr/May/June 1285.00 +12.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Sep 1190.00 -05.00 Unquoted – –
Oct/Nov/Dec 1225.00 -02.50 Unquoted – –
Jan/Feb/Mar 1277.50 -05.00 Unquoted – –
Apr/May/Jun 1290.00 +12.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Sep 1142.50 -05.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Sep 1092.50 00.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Sep 4,620.00 -20.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Sep 479.00 -03.00 Unquoted – –
($1=MYR4.031)

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