Grains Report 09/08/2026

DJ CBOT Delivery Intentions: Totals – Sep 8
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL September Sep 09, 2026 106 Aug 28, 2026
SOYBEAN OIL September Sep 09, 2026 11 Aug 31, 2026
ROUGH RICE September Sep 09, 2026 75 Sep 04, 2026

WHEAT:
General Comments: Wheat was lower in both markets last week 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, and Russia last week said a truce and increased exports from the Black Sea are now possible Ukraine has hit infrastructure in Russia again by hitting a space facility and Russia has hit back. The US Winter Wheat harvest is over. Spring Wheat is being harvested and is rated 51% good to 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 to down. Support is at 728, 706, and 685 December, with resistance at 796, 808, and 820 December. Trends in Kansas City are mixed to down. Support is at 793, 743, and 747 December, with resistance at 858, 868, and 880 December. Trends in Minneapolis are not available

COT — Supplemental Report – Option and Futures Combined Positions as of September 01, 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 596,572
: Positions :
: 77,931 97,740 222,431 109,458 180,899 148,253 56,131 558,073 557,200: 38,499 39,371
: Changes from: August 25, 2026 (Change in open interest: 67,433) :
: 17,644 -4,150 40,813 -2,200 29,188 10,696 114 66,954 65,965: 480 1,468
: Percent of Open Interest Represented by Each Category of Trader :
: 13.1 16.4 37.3 18.3 30.3 24.9 9.4 93.5 93.4: 6.5 6.6
: Total Traders: 457 Number of Traders in Each Category :
: 135 108 146 86 132 46 25 354 339:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of September 01, 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 344,551
: Positions :
: 63,135 49,400 104,804 56,569 145,429 98,052 22,697 322,561 322,330: 21,991 22,222
: Changes from: August 25, 2026 (Change in open interest: 23,066) :
: 7,131 -954 4,235 3,080 16,968 8,421 2,396 22,867 22,644: 199 422
: Percent of Open Interest Represented by Each Category of Trader :
: 18.3 14.3 30.4 16.4 42.2 28.5 6.6 93.6 93.6: 6.4 6.4
: Total Traders: 297 Number of Traders in Each Category :
: 82 62 85 66 100 36 12 225 225:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 1, 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 78,853 :
: Positions :
: 32,165 63,125 6,357 150 608 23,757 2,884 962 2,162 1,277 2,484 :
: Changes from: August 25, 2026 :
: -245 8,630 -228 0 130 4,101 -3,087 -796 716 506 -784 :
: Percent of Open Interest Represented by Each Category of Trader :
: 40.8 80.1 8.1 0.2 0.8 30.1 3.7 1.2 2.7 1.6 3.2 :
: Number of Traders in Each Category Total Traders: 119 :
: 48 43 7 . 5 23 6 7 11 6 5 :
—————————————————————————————————————-

RICE:
General Comments Rice closed higher and at new highs for the move last week in part on reports of a very weak Indian monsoon that is threatening ag production including Rice and in part on reports of a disappointing harvest in the US. The Indoan monsoon has been better lately. Brazil prices are strong on ideas of short production and El Nino fears for production on the next crop. Condition in the US was improved from the previous week. Harvest is active in most states and is 32% 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 up on the weekly charts,
Overnight News:
Chart Analysis: Trends are up. Support is at 1541, 1510, and 1465 November and resistance is at 1598, 1604, and 1616 November.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 1, 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 13,539 :
: Positions :
: 4,374 8,385 259 0 0 3,235 1,915 6 1,473 1,115 1,098 :
: Changes from: August 25, 2026 :
: -1,283 -435 0 0 0 170 -181 -63 136 -256 -187 :
: Percent of Open Interest Represented by Each Category of Trader :
: 32.3 61.9 1.9 0.0 0.0 23.9 14.1 0.0 10.9 8.2 8.1 :
: Number of Traders in Each Category Total Traders: 74 :
: 17 18 . 0 0 14 6 . 17 6 7 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn was steady in response to private estimates released last week and the results of the Pro Farmer tour from two weeks ago and ideas of more potential losses from stressful weather around the world but especially in Europe and Asia. 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 were unchanged last week and below aa year ago. Progress is ahead of normal with maturity under way. Temperatures in the Midwest should be cooler this week. Oats were a little lower.
Overnight News:
Chart Analysis: Trends in Corn are mixed to down . Support is at 521, 513, and 497 December, and resistance is at 554, 560, and 566 December. Trends in Oats are mixed to down. Support is at 360, 352, and 347 December, and resistance is at 396, 408, and 420 September.

COT — Supplemental Report – Option and Futures Combined Positions as of September 01, 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 2,594,329
: Positions :
: 374,144 109,074 822,641 631,809 1,269,363 568,755 144,168 2,397,349 2,345,245: 196,980 249,084
: Changes from: August 25, 2026 (Change in open interest: 183,679) :
: 36,049 -32,751 103,980 -5,564 81,322 43,117 32,149 177,581 184,699: 6,098 -1,020
: Percent of Open Interest Represented by Each Category of Trader :
: 14.4 4.2 31.7 24.4 48.9 21.9 5.6 92.4 90.4: 7.6 9.6
: Total Traders: 956 Number of Traders in Each Category :
: 235 139 208 370 444 56 26 751 739:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 1, 2026
: Reportable Positions :
:————————————————————————————————————- :
: Producer/Merchant : : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables :
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading :
—————————————————————————————————————-
OATS – CHICAGO BOARD OF TRADE (CONTRACTS OF 5,000 BUSHELS) :
CFTC Code #004603 Open Interest is 3,163 :
: Positions :
: 389 1,543 0 0 0 339 221 0 398 421 191 :
: Changes from: August 25, 2026 :
: . . . . . . . . . . . :
: Percent of Open Interest Represented by Each Category of Trader :
: 12.3 48.8 0.0 0.0 0.0 10.7 7.0 0.0 12.6 13.3 6.0 :
: Number of Traders in Each Category Total Traders: 20 :
: 5 6 0 0 0 . . 0 . . . :
—————————————————————————————————————-

SOYBEANS
General Comments: Soybeans and Soybean Meal were higher last week on renewed buying from China and other countries and a decision by Trump to keep the worst of the tariffs from China ahead of the summit. The EPA also released new bio fuels wavers and the results were considered bullish. It is still mostly hot and dry in the southern and western Midwest. Leaves are starting to drop according to USDA last week. Condition is below a year ago and the previous 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: USDA said that 250,500 tons of Soybeans were received for delivery to unknown destinations.
Analysis: Trends in Soybeans are mixed to up. Support is at 1272, 1251, and 1239 November, and resistance is at 1328, 1340, and 1352 September. Trends in Soybean Meal are up. Support is at 333.00, 327.00, and 323.00 October, and resistance is at 352.00, 360.00,and 366.00 October. Trends in Soybean Oil are mixed. Support is at 6780, 6630, and 6570 October, with resistance at 7370, 7470, and 7570 October.

COT — Supplemental Report – Option and Futures Combined Positions as of September 01, 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 1,325,813
: Positions :
: 211,636 76,443 377,389 405,180 741,607 272,195 49,315 1,266,400 1,244,754: 59,413 81,059
: Changes from: August 25, 2026 (Change in open interest: 133,075) :
: 22,113 -3,026 79,332 -6,630 43,838 31,202 8,580 126,018 128,723: 7,057 4,352
: Percent of Open Interest Represented by Each Category of Trader :
: 16.0 5.8 28.5 30.6 55.9 20.5 3.7 95.5 93.9: 4.5 6.1
: Total Traders: 655 Number of Traders in Each Category :
: 164 116 163 205 292 52 17 496 521:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of September 01, 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 723,386
: Positions :
: 108,979 38,436 178,409 254,215 450,643 144,424 32,198 686,027 699,685: 37,359 23,701
: Changes from: August 25, 2026 (Change in open interest: 35,166) :
: 7,362 -5,759 15,313 -5,388 22,734 14,178 3,681 31,466 35,969: 3,700 -803
: Percent of Open Interest Represented by Each Category of Trader :
: 15.1 5.3 24.7 35.1 62.3 20.0 4.5 94.8 96.7: 5.2 3.3
: Total Traders: 339 Number of Traders in Each Category :
: 106 54 98 94 105 44 22 281 246:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of September 01, 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 730,588
: Positions :
: 157,961 37,177 185,482 184,759 468,254 147,177 12,816 675,381 703,729: 55,208 26,859
: Changes from: August 25, 2026 (Change in open interest: 64,169) :
: 41,602 -3,421 27,287 -14,131 50,205 8,633 -8,632 63,391 65,439: 778 -1,270
: Percent of Open Interest Represented by Each Category of Trader :
: 21.6 5.1 25.4 25.3 64.1 20.1 1.8 92.4 96.3: 7.6 3.7
: Total Traders: 356 Number of Traders in Each Category :
: 113 50 98 117 126 39 11 313 251:
——————————————————————————————————————-

PALM OIL AND CANOLA
General Comments: Palm Oil was lower last week on price action in Chicago and a little lower today on ideas of weakening exports. Canola was higher last week.
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 844.00, 856.00, and 868.00 November. Trends in Palm Oil are mixed to up. Support is at 4850, 4800, and 4750 November, with resistance at 5030, 5090, and 5150 November.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 1, 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 39,719 :
: Positions :
: 33,354 28,810 440 2,529 2,728 440 3,637 360 1,022 320 1,335 :
: Changes from: August 25, 2026 :
: -5,387 -2,590 -260 -1,340 -20 240 -1,055 0 -78 -480 195 :
: Percent of Open Interest Represented by Each Category of Trader :
: 84.0 72.5 1.1 6.4 6.9 1.1 9.2 0.9 2.6 0.8 3.4 :
: Number of Traders in Each Category Total Traders: 28 :
: 10 10 . 4 . . . . 4 . . :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 1, 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 387,679 :
: Positions :
: 172,055 239,279 7,059 23,957 3,694 126,083 23,959 32,565 12,439 29,843 30,735 :
: Changes from: August 25, 2026 :
: 6,512 18,829 -2,162 -485 338 4,627 -5,341 2,610 1,352 -1,944 1,111 :
: Percent of Open Interest Represented by Each Category of Trader :
: 44.4 61.7 1.8 6.2 1.0 32.5 6.2 8.4 3.2 7.7 7.9 :
: Number of Traders in Each Category Total Traders: 518 :
: 51 145 6 11 10 83 24 25 65 171 63 :
—————————————————————————————————————-

DJ Malaysian PM Cash Market Prices for Palm Oil – Sep 8
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Tuesday, 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.
Offer Change Bid Change Traded
Sep 1202.50 -02.50 Unquoted – –
Oct/Nov/Dec 1255.00 00.00 Unquoted – –
Jan/Feb/Mar 1327.50 00.00 Unquoted – –
Apr/May/Jun 1350.00 00.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Sep 1207.50 -02.50 Unquoted – –
Oct/Nov/Dec 1260.00 00.00 Unquoted – –
Jan/Feb/Mar 1332.50 00.00 Unquoted – –
Apr/May/Jun 1355.00 00.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Sep 1155.00 -02.50 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Sep 1105.00 -02.50 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Sep 4,700.00 00.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Sep 490.00 -02.00 Unquoted – –
($1=MYR4.0605)

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