Grains Report 10/16/2026

DJ U.S. Export Sales: Weekly Sales Totals-Oct 16
For the week ended Oct 8, 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 319.9 0.0 10429.2 15458.0 3284.0 24.4
hrw 66.7 0.0 2249.9 6040.7 590.4 0.0
srw 63.1 0.0 1545.6 2080.1 446.5 0.0
hrs 138.3 0.0 3113.6 3819.9 1042.8 2.5
white 24.3 0.0 3195.6 3297.3 1090.4 21.9
durum 27.5 0.0 324.5 220.1 113.9 0.0
corn 1122.4 0.0 20665.5 30737.7 11901.4 401.9
soybeans 574.9 0.0 23360.1 13449.3 18271.3 1.0
soymeal 366.3 0.0 5471.1 5151.5 5115.8 0.0
soyoil 1047.6 0.0 5104.8 4793.1 5079.3 0.0
upland cotton 2.2 0.0 75.3 157.1 45.0 4.4
pima cotton 0.5 0.0 88.4 74.7 63.7 0.2
sorghum 1.0 0.0 48.1 649.7 16.5 1.0
barley -5.0 0.0 42.5 57.1 23.3 0.0
rice 3.3 0.0 258.3 205.3 120.8 0.0

WHEAT:
General Comments: Wheat was a little higher in both markets yesterday as planting and emergence of Winter Wheat was ahead of normal with much improved weather in the Great Plains. Both sides in the Russia-Ukraine war have reported an export pace more than 50% less than a year ago. The US Winter Wheat planting was 51% complete last week and was 27% emerged. 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 get big rains in southern areas.
Overnight News:
Chart Analysis: Trends in Chicago are down. Support is at 645, 636, and 618 December, with resistance at 692, 706 and 711 December. Trends in Kansas City are down. Support is at 693, 657, and 645 December, with resistance at 743, 760, and 780 December. Trends in Minneapolis are not available

RICE:
General Comments Rice closed lower on reports of farm selling. Damage to unharvested crops is reported from the hurricane and there are worries about El Nino hurting world production. USDA on Friday trimmed production of All Rice to 157.7 million cwt from 158.2 million in September. Ending stocks were cut to 40.0 million cwt from 4a0.3 million last month. Long grain production 2was estimated at 103.2 million cwt from 103.5 million last month. Ending stocks were estimated at 21.1 million cwt from 21.4 million last month. Brazil prices are strong on ideas of short production and El Nino fears for production on the next crop. Harvest is 92% 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 1700, 1670, and 1652 November and resistance is at 1736, 1748, and 1760 November.

CORN AND OATS
General Comments: Corn was a little lower on reports of good harvest progress End user buying and no farm selling continue to support overall. Trends are down on the daily charts. There is moderating weather in the western and southern Midwest with a lot of rain in the forecast mostly in the west this week. Harvest has been active in some areas of the Midwest with good but not great yields being reported. Ukraine and Russia are still at war 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 higher from last week and below aa year ago. Progress is about normal and the harvest is now 91% mature and 33% complete Temperatures in the Midwest should be cooler this week amid mostly dry weather. Big rains are likely in the south especially this past weekend and early this week from a hurricane. Oats were slightly lower.
Overnight News: Japan bought 127,000 tons of US Corn.
Chart Analysis: Trends in Corn are mixed to down . Support is at 470, 464, and 458 December, and resistance is at 486, 505, and 509 December. Trends in Oats are mixed. Support is at 390, 378, and 366 December, and resistance is at 440, 443, and 446 December.

SOYBEANS
General Comments: Soybeans and the products were lower yesterday on great harvest progress and despite big new buying from China. China is expected to buy more cargoes of US Soybeans in the coming weeks but the tariffs will remain high. The harvest was 46% complete last week. Rain is expected this week in the south and cool and dry weather is likely in the north. The southern rains could be heavy as a hurricane is expected to hit the region. Condition is unchanged from the previous week. Moderate temperatures 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 559000 tons of US Soybeans and unknown destinations bought 236,000 tons of US Soybeans.
Analysis: Trends in Soybeans are mixed to down. Support is at 1256, 1244, and 1232 November, and resistance is at 1309, 1335, and 1348 September. Trends in Soybean Meal are mixed to down. Support is at 345.00, 343.00, and 337.00 December, and resistance is at 374.00, 380.00,and 386.00 December. Trends in Soybean Oil are mixed to down. Support is at 6600, 6540, and 6480 December, with resistance at 7070, 7170, and 7220 December.

PALM OIL AND CANOLA
General Comments: Palm Oil was higher today on price action in outside markets. Daily chart trends are mixed to down and weekly trends are mixed. Canola was lower yesterday and trends are mixed on the daily charts.
Overnight News
Chart Analysis: Trends in Canola are mixed. Support is at 793.00, 782.00, and 770.00 November, with resistance at 844.00, 856.00, and 868.00 November. Trends in Palm Oil are mixed. Support is at 4550, 4490, and 4430 December, with resistance at 4750, 4800, and 4890 December.

DJ Malaysian PM Cash Market Prices for Palm Oil – Oct 16
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Friday, 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 1142.50 +10.00 Unquoted – –
Nov 1142.50 +07.50 Unquoted – –
Dec 1175.00 +07.50 Unquoted – –
Jan/Feb/Mar 1222.50 +07.50 Unquoted – –
Apr/May/Jun 1267.50 00.00 Unquoted – –
Jul/Aug/Sep 1267.50 -07.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Oct 1147.50 +10.00 Unquoted – –
Nov 1147.50 +07.50 Unquoted – –
Dec 1180.00 +07.50 Unquoted – –
Jan/Feb/Mar 1227.50 +07.50 Unquoted – –
Apr/May/Jun 1272.50 00.00 Unquoted – –
Jul/Aug/Sep 1272.50 -07.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Oct 1105.00 +10.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Oct 1050.00 +05.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Oct 4,500.00 +60.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Oct 431.00 -02.00 Unquoted – –
($1=MYR4.0795)

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