Grains Report 09/24/2026

DJ U.S. Export Sales: Weekly Sales Totals-Sep 24
For the week ended Sep 17, 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 267.6 0.0 9368.4 13640.4 3080.4 29.4
hrw 112.8 0.0 2088.4 5422.2 546.0 0.0
srw 57.2 0.0 1427.5 1934.1 420.6 0.0
hrs 20.6 0.0 2710.2 3410.3 945.0 2.5
white 72.8 0.0 2897.5 2661.5 1112.9 26.9
durum 4.0 0.0 244.9 212.4 55.9 0.0
corn 838.3 2.5 18237.6 25756.5 13879.0 379.5
soybeans 582.4 0.0 21202.3 10932.6 19635.1 1.0
soymeal 60.7 246.0 18128.7 15784.5 1454.4 3844.5
soyoil 1.6 0.1 377.3 1095.6 12.5 13.4
upland cotton 230.5 123.0 4734.6 4058.9 3517.0 471.6
pima cotton 4.8 0.0 193.1 114.6 146.0 0.0
sorghum 2.5 0.0 42.4 414.8 25.5 1.0
barley 0.0 0.0 47.4 55.7 30.8 0.0
rice 54.2 0.0 822.6 690.5 506.2 0.0

WHEAT:
General Comments: Wheat was lower in both markets Tuesday and yesterday at the start of the US-China summit as the Ukraine-Russia war continues and threatens any exports from the region. Both sides have reported an export pace more than 50% less than a year ago. The US Winter Wheat planting is 19% complete. The Spring Wheat harvest is now over. Conditions are mixed in the US Midwest. 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. 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 747, 730, and 712 December, with resistance at 807, 828, and 858 December. Trends in Minneapolis are not available

RICE:
General Comments Rice closed higher yesterday after a big rally on Monday. 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 70% 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 turning down on the daily charts and are up on the weekly charts,
Overnight News:
Chart Analysis: Trends are mixed to down. Support is at 1550, 1510, and 1465 November and resistance is at 1622, 1634, and 1646 November.

CORN AND OATS
General Comments: Corn was lower Tuesday and yesterday on selling before the start of the US-China summit and despite hopes for positive demand news from the China summit later this week. Some farmer selling was noted. There is moderating weather in the western and southern Midwest. Ukraine and Russia are back at war again and shipping is very limited in both countries. It should be cooler with some wet 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 10% complete. Anecdotal report indicate that the harvest has started in the southern Midwest. Temperatures in the Midwest should be cooler this week amid wet weather. Oats were a little higher. 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, 382, and 377 December, and resistance is at 420, 426, and 432 December.

SOYBEANS
General Comments: Soybeans and Soybean Meal were higher Tuesday on hopes for positive demand news from the China summit now underway and on ideas of higher world petroleum prices longer term from the wars. Both markets were lower yesterday. Soybean Oil was lower on both days. China is expected to buy more cargoes of US Soybeans before the US-China summit meetings in the coming weeks. The harvest is now 8% complete. It is still hot and dry in the south but cool and wet in the north. Moderating weather is expected in southern areas this week with precipitation and cooler temperatures. Condition is below a year ago and unchanged from the previous week. Cooler temperatures and wet weather are expected for the next week in the Midwest. There is some concern that El Nono could affect South American Soybeans production this year.
Overnight News: China bought 120,000 tons of US Soybeans.
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 351.00, 345.00, and 341.00 October, and resistance is at 372.00, 3675.00,and 378.00 October. Trends in Soybean Oil are mixed to down. Support is at 6630, 6570, and 6500 October, with resistance at 6900, 7060, and 7170 October.

PALM OIL AND CANOLA
General Comments: Palm Oil was higher today. Daily chart trends are down. Canola was lower yesterday and trends are mixed on the daily charts and up on the weekly charts.
Overnight News
Chart Analysis: Trends in Canola are mixed. Support is at 807.00, 793.00, and 780.00 November, with resistance at 844.00, 856.00, and 868.00 November. Trends in Palm Oil are mixed to down. Support is at 4850, 4800, and 4750 December, with resistance at 4950, 5000, and 5050 December.

DJ Malaysian PM Cash Market Prices for Palm Oil – Sept 24
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
Oct 1190.00 +05.00 Unquoted – –
Nov 1190.00 +05.00 Unquoted – –
Dec 1190.00 +05.00 Unquoted – –
Jan/Feb/Mar 1255.00 +07.50 Unquoted – –
Apr/May/Jun 1295.00 +17.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Oct 1195.00 +05.00 Unquoted – –
Nov 1195.00 +05.00 Unquoted – –
Dec 1195.00 +05.00 Unquoted – –
Jan/Feb/Mar 1260.00 +07.50 Unquoted – –
Apr/May/Jun 1300.00 +17.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Oct 1120.00 -05.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Oct 1060.00 -10.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Oct 4,580.00 -30.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Oct 435.00 -07.00 Unquoted – –
($1=MYR4.085)

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