Grains Report 11/05/2026

DJ U.S. Export Sales: Weekly Sales Totals-Nov 5
For the week ended Oct 29, 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 538.0 19.2 12056.6 16804.5 4255.9 65.6
hrw 108.4 3.2 2463.7 6440.8 667.3 3.2
srw 52.3 16.0 1739.6 2286.5 540.2 38.0
hrs 227.1 0.0 3701.8 4160.4 1409.9 2.5
white 147.1 0.0 3789.8 3623.2 1493.6 21.9
durum 3.0 0.0 361.7 293.7 145.0 0.0
corn 1294.6 0.0 24791.2 37360.5 13664.9 401.9
soybeans 1456.1 0.0 30233.8 17196.4 18213.3 1.0
soymeal 390.4 0.3 6451.1 6554.5 5124.2 0.3
soyoil 1.5 0.0 38.0 166.4 29.5 0.0
upland cotton 277.5 0.0 5942.7 4960.9 3778.6 612.3
pima cotton 6.4 0.0 212.7 146.7 125.1 0.0
sorghum 2.6 0.0 54.8 796.6 15.0 1.0
barley 4.6 0.0 52.8 57.6 32.1 0.0
rice 24.8 0.0 1206.9 1031.5 592.2 0.0

DJ CBOT Delivery Intentions: Totals – Nov 5
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
ROUGH RICE November Nov 06, 2026 14 Nov 04, 2026
SOYBEAN November Nov 06, 2026 2 Sep 17, 2026

WHEAT:
General Comments: Wheat was higher in both markets yesterday as the democrats won big in the US elections and as the US stock markets showed very strong recoveries in prices. 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 mixed. Support is at 591, 580, and 568 December, with resistance at 621, 645 and 662 December. Trends in Kansas City are mixed. Support is at 628, 616, and 608 December, with resistance at 676, 711, and 725 December. Trends in Minneapolis are not available

RICE:
General Comments Rice closed a little higher yesterday. 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 higher yesterday as the democrats won big in the elections and caused a major stock market rally and despite on reports of good harvest progress amid warm and dry weather. Mexico was a big buyer in cash markets again yesterday after making huge purchases 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:
Chart Analysis: Trends in Corn are mixed to down . Support is at 436, 430, and 424 December, and resistance is at 470, 478, and 488 December. Trends in Oats are mixed to 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 the democrats taking over the US House and Senate in a stunning election result that also caused a major rally in the US stock markets.. 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:
Chart Analysis: Trends in Soybeans are mixed to down. Support is at 1181, 1171, and 1160 January, and resistance is at 1250, 1262, and 1276 January. Trends in Soybean Meal are down. Support is at 314.00, 311.00, and 308.00 December, and resistance is at 353.00, 361.00,and 369.00 December. Trends in Soybean Oil are mixed to down. Support is at 6300, 6170, and 6060 December, with resistance at 6740, 6880, and 7010 December.

PALM OIL AND CANOLA
General Comments: Palm Oil was lower today on weakness in outside markets. 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 5
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
Nov 1082.50 -15.00 Unquoted – –
Dec 1102.50 -15.00 Unquoted – –
Jan/Feb/Mar 1140.00 -20.00 Unquoted – –
Apr/May/Jun 1177.50 -17.50 Unquoted – –
Jul/Aug/Sep 1172.50 -15.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Nov 1187.50 -15.00 Unquoted – –
Dec 1107.50 -15.00 Unquoted – –
Jan/Feb/Mar 1145.00 -20.00 Unquoted – –
Apr/May/Jun 1182.50 -17.50 Unquoted – –
Jul/Aug/Sep 1177.50 -15.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Nov 1050.00 -17.50 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Nov 987.50 -12.50 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Nov 4,220.00 -90.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Nov 394.00 -11.00 Unquoted – –
($1=MYR4.044)

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