Grains Report 11/03/2026

DJ USDA Grain Inspections for Export in Metric Tons – Nov 2
WA_GR101
Washington, DC Mon Nov 2, 2026 USDA Market News
COUNTRY OF DESTINATION IS REPORTED AS KNOWN AT THE TIME OF EXPORTATION.
INFORMATION CONTAINED IN THIS REPORT REFLECTS EXPORTED GRAIN INSPECTED AND WEIGHED
THROUGH THE AUTHORITY UNDER THE U.S. GRAIN STANDARDS ACT. NO ADDITIONAL ANALYSIS,
COMPILATIONS OR DATA IS AVAILABLE
GRAINS INSPECTED AND/OR WEIGHED FOR EXPORT
REPORTED IN WEEK ENDING OCT 29, 2026
— METRIC TONS —
————————————————————————-
CURRENT PREVIOUS
———– WEEK ENDING ———- MARKET YEAR MARKET YEAR
GRAIN 10/29/2026 10/22/2026 10/30/2025 TO DATE TO DATE
BARLEY 499 0 269 865 5,167
CORN 884,766 638,226 1,712,164 10,675,517 12,300,325
FLAXSEED 0 0 0 96 264
MIXED 0 0 0 49 0
OATS 0 0 100 998 3,592
RYE 0 0 0 0 0
SORGHUM 685 735 67,487 13,701 229,240
SOYBEANS 2,444,828 2,501,897 992,656 12,181,535 7,808,575
SUNFLOWER 0 0 0 0 0
WHEAT 75,413 195,054 351,392 7,528,517 11,826,638
Total 3,406,191 3,335,912 3,124,068 30,401,278 32,173,801
CROP MARKETING YEARS BEGIN JUNE 1 FOR WHEAT, RYE, OATS, BARLEY AND
FLAXSEED; SEPTEMBER 1 FOR CORN, SORGHUM, SOYBEANS AND SUNFLOWER SEEDS.
INCLUDES WATERWAY SHIPMENTS TO CANADA

DJ CBOT Delivery Intentions: Totals – Nov 3
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
ROUGH RICE November Nov 04, 2026 10 Oct 30, 2026

WHEAT:
General Comments: Wheat was a little higher in Chicago but a little lower in KC yesterday in consolidation trading. The emergence of Winter Wheat are ahead of normal with 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 83% complete last week and Winter Wheat was 65% emerged. Condition is rated 4% good to excellent. 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 591, 580, and 568 December, with resistance at 621, 645 and 662 December. Trends in Kansas City are down. Support is at 636, 628, and 616 December, with resistance at 676, 711, and 725 December. Trends in Minneapolis are not available

RICE:
General Comments Rice closed a little higher yesterday as the overall supply scenario remains tight at home and around the world. Less domestic production this year is reported 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. Demand remains moderate for US Rice and was moderate to good 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 1755, 1735, and 1710 January and resistance is at 1821, 1832, and 1844 January.

CORN AND OATS
General Comments: Corn was a little higher yesterday on speculative bottom picking and some commercial buying against speculative and fund selling and on reports of good harvest progress amid warm and dry weather. Mexico was a big buyer in cash markets late last week and over the weekend. Trends are mixed to down on the daily and weekly charts. There is moderating weather in the western and southern Midwest with mostly dry conditions. Harvest has been active in most 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. Progress is below normal and the harvest is now 74% complete. Oats were lower and trends are down on the weekly charts.
Overnight News: Mexico bought 315,000 tons of US Corn and South Korea bought 136,000 tons of US Corn.
Chart Analysis: Trends in Corn are mixed to down . Support is at 442, 436, and 430 December, and resistance is at 470, 478, and 488 December. Trends in Oats are down. Support is at 335, 330, and 327 December, and resistance is at 370, 383, and 405 December.

SOYBEANS
General Comments: Soybeans and the products were lower yesterday on great harvest progress and despite buying from China. Crude Oil futures were sharply lower yesterday and the selling spilled into Soybeans and the products. The weekly chart trends are down in Soybeans and Soybean Meal and are mixed to down in Soybean Oil. China is expected to buy more cargoes of US Soybeans in the coming weeks but the tariffs will remain high. Lula was elected president of Brazil over the previous weekend It was a surprise to the market and hurt the Real against the Dollar and Ag prices generally, especially those featuring selling from Brazil. The harvest was 88% complete last week. Cooler and dry weather is likely in the north.
Overnight News: Unknown destinations bought 134,000 tons f US Soybeans.
Chart Analysis: Trends in Soybeans are mixed to down. Support is at 1214, 1194, and 1181 January, and resistance is at 1250, 1262, and 1276 January. Trends in Soybean Meal are down. Support is at 317.00, 314.00, and 311.00 December, and resistance is at 353.00, 361.00,and 369.00 December. Trends in Soybean Oil are mixed to down. Support is at 6420, 6300, and 6180 December, with resistance at 6740, 6880, and 7010 December.

PALM OIL AND CANOLA
General Comments: Palm Oil was lower today on the weakness in outside markets. Weekly trends are mixed. Canola was near unchanged and trends are still generally down on the daily and weekly charts.
Overnight News
Chart Analysis: Trends in Canola are mixed to down. Support is at 775.00, 764.00, and 759.00 January, with resistance at 796.00, 818.00, and 829.00 January. Trends in Palm Oil are mixed to down. Support is at 4580, 4560, and 4500 January, with resistance at 4780, 4\850, and 4890 January.

DJ Malaysian PM Cash Market Prices for Palm Oil – Nov 3
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.
Refined, bleached and deodorized palm oil, FOB, Malaysian ports
Offer Change Bid Change Traded
Nov 1105.00 -20.00 Unquoted – –
Dec 1132.50 -20.00 Unquoted – –
Jan/Feb/Mar 1180.00 -15.00 Unquoted – –
Apr/May/Jun 1215.00 -12.50 Unquoted – –
Jul/Aug/Sep 1202.50 -15.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Nov 1110.00 -20.00 Unquoted – –
Dec 1137.50 -20.00 Unquoted – –
Jan/Feb/Mar 1185.00 -15.00 Unquoted – –
Apr/May/Jun 1220.00 -12.50 Unquoted – –
Jul/Aug/Sep 1207.50 -15.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Nov 1077.50 -15.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Nov 1015.00 -12.50 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Nov 4,370.00 -50.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Nov 410.00 -06.00 Unquoted – –
($1=MYR4.075)

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