Grains Report 09/16/2026

DJ Analysts’ Estimates for September Cattle-On-Feed Report
The following estimates, as compiled by the Wall Street Journal for the nation’s feedyards with a capacity of 1,000 or more head, are in percentages of the year-earlier figure. High and low projections were dropped in the calculation of averages. The U.S. Department of Agriculture report is scheduled for release at 3 p.m. ET (1900 GMT) Friday.
Average Range
of estimates of estimates
On-feed Sep 1 101.8 101.4 – 102.3
Placed in Aug 97.3 93.9 – 98.4
Marketed in Aug 96.2 95.3 – 96.4
Analyst On-Feed Placements Marketed
Sep 1 in Aug in Aug
Allegiant Commodity Group 102.0 98.2 96.1
Allendale Inc. 101.4 93.9 95.3
HedgersEdge 102.0 98.0 96.0
Livestock Mktg Info Ctr 101.8 96.7 96.4
Midwest Market Solutions 102.3 98.4 96.3
NFC Markets 101.9 97.8 96.4
Texas A&M Extension 101.9 98.0 96.4
US Commodities 101.4 95.0 96.0

DJ Statistics Canada Crop Production Report – Sep 16
WINNIPEG–Canada 2026-27 grain/oilseed model-based production estimates.
Source: Statistics Canada. Production in thousand metric tonnes, yield in
kg/hectare, area harvested in thousand hectares.
Harvested Avg Production
area yield 2026-27 2025-26
SEP
barley 2,476.8 3,922 9,712.9 9,725.2
edible beans 135.7 2,610 354.2 437.9
canaryseed 93.7 1,519 142.3 234.9
canola 9,405.5 2,344 22,050.6 22,227.4
chickpeas 211.1 1,895 400.1 481.6
corn 1,559.3 10,613 16,549.4 14,867.3
faba beans N/A N/A N/A 71.2
flaxseed 257.4 1,499 385.8 454.5
lentils 1,555.5 1,586 2,466.7 3,363.2
mixed grains 65.1 2,645 172.2 183.5
mustard 148.6 1,060 157.5 139.8
oats 840.2 3,607 3,031.0 3,919.8
dry peas 1,193.9 2,731 3,260.2 3,934.2
fall rye* 118.2 3,335 394.2 613.3
soybeans 2,391.2 3,118 7,455.6 6,917.7
sugar beets N/A N/A N/A 1,013.1
sunflower seed 31.3 2,298 71.9 69.1
triticale N/A N/A N/A 101.0
all wheat 10,021.0 3,605 36,121.5 40,562.0
durum wheat 2,309.2 2,779 6,417.0 7,305.0
spring wheat 7,155.1 3,697 26,451.8 29,672.0
winter wheat* 556.7 5,843 3,252.8 3,585.0
*Fall rye and winter wheat numbers represent what was remaining
after winterkill.
Source: Glacier FarmMedia, philfw@farmmedia.com

• 15 Sep 2026 08:21:21 AM – BRAZIL 2026/27 SOYBEAN CROP SEEN AT 181.64 MLN TNS – CONAB
• 15 Sep 2026 08:22:25 AM – BRAZIL 2026/27 TOTAL CORN CROP SEEN AT 148 MLN TNS – CONAB
• 15 Sep 2026 08:24:02 AM – BRAZIL 2026/27 COTTON CROP (LINT) SEEN AT 4.2 MLN TNS – CONAB
• 15 Sep 2026 08:26:29 AM – BRAZIL 2027 BEEF PRODUCTION SEEN AT 11.4 MLN TNS – CONAB
• 15 Sep 2026 08:27:33 AM – BRAZIL 2027 CHICKEN MEAT PRODUCTION SEEN AT 16.7 MLN TNS – CONAB
• 15 Sep 2026 08:28:34 AM – BRAZIL 2027 PORK PRODUCTION SEEN AT 6.15 MLN TNS – CONAB

WHEAT:
General Comments: Wheat was a little higher in both markets yesterday in consolidation trading as the Ukraine-Russia war continues and threatens any exports from the region. The reports feature no changes to either supply or demand but the average farm price was increased by 20 cents to reflect the market now. 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 said yesterday that a proposal by Ukraine was not practical. The US Winter Wheat planting is 12% complete. Spring Wheat is being harvested and the harvest is almost over. 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 dry but less hot.
Overnight News:
Chart Analysis: Trends in Chicago are mixed to down. Support is at 706, 685, and 677 December, with resistance at 743, 763, and 767 December. Trends in Kansas City are mixed to down. Support is at 773, 747, and 730 December, with resistance at 807, 828, and 8a58 December. Trends in Minneapolis are not available

RICE:
General Comments Rice closed lower again yesterday on good harvest progress. USDA showed a slight decrease in harvested area but an uptick in yields for an overall very small decrease in production of All Rice. Beginning stocks and ending stocks were also increased but demand was untouched. Long grain featured increased beginning stocks and decreased production for an increase in ending stocks to 21.4 million cwt from 20.3 million cwt last month.. Brazil prices are strong on ideas of short production and El Nino fears for production on the next crop. Harvest is active in most states and is 50% 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 mixed on the daily charts and are up on the weekly charts,
Overnight News:
Chart Analysis: Trends are mixed. Support is at 1550, 1510, and 1465 November and resistance is at 1622, 1634, and 1646 November.

DJ USDA World Market Rice Prices – Sep 16
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) ($/cwt)
Long Grain 14.75 8.60 0.00
Medium/Short Grain 14.50 9.39 0.00
Brokens 6.97 —- —-
This week’s prevailing world market prices and MLG/LDP
rates are based on the following U.S. milling yields and
the corresponding loan rates:
U.S. Milling Yields Loan Rate
Whole/Broken ($/cwt)
(lbs/cwt)
Long Grain 49.25/19.14 7.70
Medium Grain/Short Grain 59.48/10.96 7.70

CORN AND OATS
General Comments: Corn was higher yesterday in response to the USDA reports and ideas of more potential losses from stressful weather around the world but especially in Europe and Asia. Farmer selling was noted. USDA cut back on harvested area and yields for production at 15.800 billion bushels. Feed demand was cut to 5.950 billion bushels and total demand was cut to 16.180 billion bushels. Ending stocks were estimated at 1.567 billion bushels from 1.653 billion last month. 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 steady last week and below aa year ago. Progress is about normal and the harvest is now 6% complete. Temperatures in the Midwest should be cooler this week. Oats were a little lower and USDA made no changes to supply or demand. The harvest is complete.
Overnight News:
Chart Analysis: Trends in Corn are mixed . Support is at 521, 513, and 497 December, and resistance is at 554, 560, and 566 December. Trends in Oats are mixed. Support is at 394, 377, and 364 December, and resistance is at 400, 408, and 414 September.

SOYBEANS
General Comments: Soybeans and the products were higher in anticipation of additional Chinese demand. China is expected to buy more cargoes of US Soybeans before the US-China summit meetings in the coming weeks. USDA showed increased harvested area and yields for production increases to 4.535 billion bushels. Exports were higher and ending stocks were cut to 310 million bushels from 320 million last month. It is still mostly hot and dry in the southern and western Midwest. Leaves are dropping according to USDA this week and the harvest has started. Condition is below a year ago and unchanged from the previous week. Cooler temperatures and drier weather in northern areas are expected for the next week in the Midwest. Southern areas are hot and dry. There is some concern that El Nono could affect South American Soybeans production this year.
Overnight News:
Analysis: Trends in Soybeans are mixed. Support is at 1290, 1256, and 1244 November, and resistance is at 1335, 1348, and 1360 September. Trends in Soybean Meal are mixed to up. Support is at 345.00, 341.00, and 336.00 October, and resistance is at 360.00, 366.00,and 373.00 October. Trends in Soybean Oil are mixed. Support is at 6780, 6630, and 6570 October, with resistance at 7170, 7280, and 7370 October.

• 15 Sep 2026 11:00:00 AM – U.S. AUGUST SOYBEAN CRUSH 205.456 MILLION BUSHELS – NOPA
• 15 Sep 2026 11:00:00 AM – U.S. AUGUST SOYOIL STOCKS 1.201 BILLION LBS – NOPA

PALM OIL AND CANOLA
General Comments: Palm Oil was higher today. Canola was higher yesterday.
Overnight News
Chart Analysis: Trends in Canola are mixed to up. Support is at 897.00, 793.00, and 780.00 November, with resistance at 844.00, 856.00, and 868.00 November. Trends in Palm Oil are mixed. Support is at 4850, 4800, and 4750 November, with resistance at 4960, 5030, and 5090 November.

DJ Malaysia Sept. 1-15 Palm Oil Exports Fell 26% on Month, AmSpec Says
By Megan Cheah
Malaysia’s palm oil exports during the Sept. 1-15 period are estimated down 26% on month at 496,160 metric tons, cargo surveyor AmSpec Agri Malaysia said Tuesday.
The following are the major items in the AmSpec estimate:
(All figures in metric tons)
Sept. 1-15 Aug. 1-15
RBD Palm Olein 104,760 104,390
RBD Palm Oil 47,050 54,829
RBD Palm Stearin 31,616 54,219
Crude Palm Oil 206,732 161,821
Total* 496,160 667,257
*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 – Sep 14
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
Sep 1180.00 00.00 Unquoted – –
Oct/Nov/Dec 1217.50 -02.50 Unquoted – –
Jan/Feb/Mar 1290.00 -07.50 Unquoted – –
Apr/May/June 1317.50 -07.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Sep 1185.00 00.00 Unquoted – –
Oct/Nov/Dec 1222.50 -02.50 Unquoted – –
Jan/Feb/Mar 1295.00 -07.50 Unquoted – –
Apr/May/Jun 1322.50 -07.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Sep 1130.00 00.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Sep 1080.00 -02.50 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Sep 4,630.00 +10.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Sep 485.00 +02.00 Unquoted – –
($1=MYR4.074)

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