Grains Report 11/12/2026

DJ CBOT Delivery Intentions: Totals – Nov 12
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
ROUGH RICE November Nov 13, 2026 2 Nov 09, 2026

WHEAT:
General Comments: Wheat was higher in both markets 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. 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 628, 616, and 610 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 1844, 1856, and 1868 January.

DJ USDA World Market Rice Prices – Nov 12
USDA today announced the prevailing world market prices
of milled and rough rice, adjusted for U.S. milling yields
and location, and the resulting marketing loan gain (MLG)
and loan deficiency payment (LDP) rates. Source: USDA
—–World Price—– MLG/LDP Rate
Milled Value Rough Rough
($/cwt) ($/cwt) ($/cwt)
Long Grain 16.14 9.41 0.00
Medium/Short Grain 15.86 10.27 0.00
Brokens 7.63 —- —-
This week’s prevailing world market prices and MLG/LDP
rates are based on the following U.S. milling yields and
the corresponding loan rates:
U.S. Milling Yields Loan Rate
Whole/Broken ($/cwt)
(lbs/cwt)
Long Grain 49.25/19.14 7.70
Medium Grain/Short Grain 59.48/10.96 7.70

CORN AND OATS
General Comments: Corn was lower yesterday on speculative selling and on reports of good harvest progress amid cool and dry weather. There is moderating weather in the western and southern Midwest with mostly wet 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. Progress is below normal and the harvest is now 81% complete. Oats were lower and trends are down on the weekly charts.
Overnight News:
Chart Analysis: Trends in Corn are mixed . Support is at 436, 430, and 424 December, and resistance is at 470, 478, and 488 December. Trends in Oats are mixed. 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 mostly higher yesterday on follow through buying and as the US harvest is wrapping up. 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 92% complete last week. Cooler and wett weather is likely in the north.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed to down. Support is at 1210, 1184, and 1172 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, 6180, and 6060 December, with resistance at 6740, 6880, and 7010 December.

PALM OIL AND CANOLA
General Comments: Palm Oil was higher today. Canola was near unchanged and trends are mixed on the daily 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 12
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 1080.00 +07.50 Unquoted – –
Dec 1100.00 +07.50 Unquoted – –
Jan/Feb/Mar 1150.00 +12.50 Unquoted – –
Apr/May/Jun 1197.50 +10.00 Unquoted – –
Jul/Aug/Sep 1182.50 +10.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Nov 1085.00 +07.50 Unquoted – –
Dec 1105.00 +07.50 Unquoted – –
Jan/Feb/Mar 1155.00 +12.50 Unquoted – –
Apr/May/Jun 1202.50 +10.00 Unquoted – –
Jul/Aug/Sep 1187.50 +10.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Nov 1032.50 00.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Nov 967.50 -15.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Nov 4,200.00 +30.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Nov 416.00 +09.00 Unquoted – –
($1=MYR4.0765)

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