Grains Report 10/19/2026

WHEAT:
General Comments: Wheat was lower in both markets last week 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 scattered showers in all 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

COT — Supplemental Report – Option and Futures Combined Positions as of October 13, 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 608,955
: Positions :
: 63,159 127,851 218,850 146,749 161,349 141,110 65,674 569,867 573,724: 39,087 35,231
: Changes from: October 6, 2026 (Change in open interest: 11,094) :
: -359 3,148 -620 6,912 2,029 6,051 8,031 11,983 12,588: -889 -1,494
: Percent of Open Interest Represented by Each Category of Trader :
: 10.4 21.0 35.9 24.1 26.5 23.2 10.8 93.6 94.2: 6.4 5.8
: Total Traders: 436 Number of Traders in Each Category :
: 133 99 151 100 123 45 24 358 330:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of October 13, 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 343,473
: Positions :
: 42,182 60,395 120,371 64,535 125,164 95,419 14,841 322,507 320,770: 20,967 22,703
: Changes from: October 6, 2026 (Change in open interest: 100) :
: -11,083 -1,541 8,086 4,399 -6,215 -1,037 -643 366 -313: -266 413
: Percent of Open Interest Represented by Each Category of Trader :
: 12.3 17.6 35.0 18.8 36.4 27.8 4.3 93.9 93.4: 6.1 6.6
: Total Traders: 282 Number of Traders in Each Category :
: 69 63 88 74 97 36 14 223 224:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 13, 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 73,685 :
: Positions :
: 31,777 51,608 7,761 671 725 16,407 6,870 1,063 1,874 1,215 3,261 :
: Changes from: October 6, 2026 :
: -1,575 -3,543 388 137 84 -1,173 959 6 -264 175 -197 :
: Percent of Open Interest Represented by Each Category of Trader :
: 43.1 70.0 10.5 0.9 1.0 22.3 9.3 1.4 2.5 1.6 4.4 :
: Number of Traders in Each Category Total Traders: 118 :
: 55 45 7 . 5 11 12 5 8 7 8 :
—————————————————————————————————————-

RICE:
General Comments Rice closed higher despite reports of farm selling ass the overall supply scenario remains tight at home and around the world. Damage to unharvested crops is reported from the hurricane and there are worries about El Nino hurting world production. 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.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 13, 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 16,090 :
: Positions :
: 5,068 10,044 174 137 0 3,947 1,326 13 1,715 1,112 2,150 :
: hanges from: October 6, 2026 :
: -194 593 -17 0 0 130 -311 3 172 -9 166 :
: Percent of Open Interest Represented by Each Category of Trader :
: 31.5 62.4 1.1 0.9 0.0 24.5 8.2 0.1 10.7 6.9 13.4 :
: Number of Traders in Each Category Total Traders: 83 :
: 19 17 . . 0 17 8 . 20 6 9 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn was a little lower last week 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 drier weather in the Midwest this week. The crop conditions last week were higher from the previous 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. Oats were lower and trends are turning down on the weekly charts.
Overnight News:
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.

COT — Supplemental Report – Option and Futures Combined Positions as of October 13, 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 2,519,671
: Positions :
: 259,749 145,207 834,405 757,588 1,172,204 473,120 141,331 2,324,863 2,293,147: 194,808 226,523
: Changes from: October 6, 2026 (Change in open interest: -39,155) :
: -44,828 26,934 -7,697 38,997 -51,738 -22,845 -2,000 -36,373 -34,501: -2,781 -4,654
: Percent of Open Interest Represented by Each Category of Trader :
: 10.3 5.8 33.1 30.1 46.5 18.8 5.6 92.3 91.0: 7.7 9.0
: Total Traders: 915 Number of Traders in Each Category :
: 207 130 234 427 422 49 25 790 718:
——————————————————————————————————————-

SOYBEANS
General Comments: Soybeans and the products were lower last week 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. Condition was unchanged from the previous week. Cool and dry weather is likely in the north.
Overnight News: China bought 114,000 tons of US Soybeans and unknown destinations bought 261,000 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.

COT — Supplemental Report – Option and Futures Combined Positions as of October 13, 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 1,329,482
: Positions :
: 247,592 68,957 379,698 438,805 742,309 205,984 52,738 1,272,080 1,243,703: 57,402 85,780
: Changes from: October 6, 2026 (Change in open interest: -49,606) :
: -10,513 4,849 -11,280 -18,523 -43,283 -7,416 23 -47,732 -49,691: -1,874 85
: Percent of Open Interest Represented by Each Category of Trader :
: 18.6 5.2 28.6 33.0 55.8 15.5 4.0 95.7 93.5: 4.3 6.5
: Total Traders: 656 Number of Traders in Each Category :
: 149 117 192 219 297 51 22 520 548:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of October 13, 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 638,230
: Positions :
: 94,038 40,074 169,168 200,632 377,872 136,070 28,406 599,908 615,521: 38,322 22,709
: Changes from: October 6, 2026 (Change in open interest: 12,383) :
: 384 4,712 3,573 12,913 4,424 -5,004 221 11,865 12,929: 518 -546
: Percent of Open Interest Represented by Each Category of Trader :
: 14.7 6.3 26.5 31.4 59.2 21.3 4.5 94.0 96.4: 6.0 3.6
: Total Traders: 333 Number of Traders in Each Category :
: 101 54 107 94 104 39 18 276 251:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of October 13, 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 742,046
: Positions :
: 188,051 28,775 184,753 151,124 487,010 162,979 11,867 686,907 712,404: 55,139 29,641
: Changes from: October 6, 2026 (Change in open interest: 14,798) :
: -2,525 1,429 3,055 8,741 9,285 4,419 424 13,690 14,193: 1,107 604
: Percent of Open Interest Represented by Each Category of Trader :
: 25.3 3.9 24.9 20.4 65.6 22.0 1.6 92.6 96.0: 7.4 4.0
: Total Traders: 364 Number of Traders in Each Category :
: 119 45 107 115 129 39 11 320 257:
——————————————————————————————————————-

PALM OIL AND CANOLA
General Comments: Palm Oil was higher last week but lower today on the price action in the outside markets. Daily chart trends are mixed and weekly trends are mixed to up. Canola was lower last week and trends are turning down on the weekly 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.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 13, 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 42,343 :
: Positions :
: 35,969 35,213 1,548 180 2,791 200 2,789 370 805 360 640 :
: Changes from: October 6, 2026 :
: 530 -842 -802 0 0 -160 -160 310 -130 360 200 :
: Percent of Open Interest Represented by Each Category of Trader :
: 84.9 83.2 3.7 0.4 6.6 0.5 6.6 0.9 1.9 0.9 1.5 :
: Number of Traders in Each Category Total Traders: 25 :
: 10 9 . . 4 . . . 4 . . :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 13, 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 382,506 :
: Positions :
: 161,819 223,834 2,990 19,725 5,459 127,029 25,033 32,655 9,681 32,394 39,000 :
: Changes from: October 6, 2026 :
: 3,343 -12,195 -2,418 177 -864 -3,478 5,753 -3,998 -2,412 1,233 -242 :
: Percent of Open Interest Represented by Each Category of Trader :
: 42.3 58.5 0.8 5.2 1.4 33.2 6.5 8.5 2.5 8.5 10.2 :
: Number of Traders in Each Category Total Traders: 498 :
: 55 142 5 10 8 72 28 32 55 171 65 :
—————————————————————————————————————-

DJ Malaysian PM Cash Market Prices for Palm Oil – Oct 19
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
Nov 1142.50 00.00 Unquoted – –
Dec 1175.00 00.00 Unquoted – –
Jan/Feb/Mar 1225.00 +02.50 Unquoted – –
Apr/May/Jun 1267.50 00.00 Unquoted – –
Jul/Aug/Sep 1270.00 +02.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Nov 1147.50 00.00 Unquoted – –
Dec 1180.00 00.00 Unquoted – –
Jan/Feb/Mar 1230.00 +02.50 Unquoted – –
Apr/May/Jun 1272.50 00.00 Unquoted – –
Jul/Aug/Sep 1275.00 +02.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Nov 1105.00 — Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Nov 1045.00 — Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Nov 4,530.00 — Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Nov 433.00 — Unquoted – –
($1=MYR4.0805)

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