WHEAT
General Comments: Wheat was lower last week despite the news of a relatively strong weekly export sales report and weaker than expected yield estimates from the Spring Wheat tour of the Dakotas. The ztour estimate was for 49 bushels per acre, down fzrom 59 lastz year. Ideas of solid harvest progress and good yields are still around and are forcing the selling. Harvest conditions for Winter Wheat appear to be good in the US and Spring Wheat development is currently good. Rains have been good in the northern Great Plains but Canada has been a little too dry for best yield potential and the northern Plains had hot and dry areas earlier in the year. Canada could still produce an average to above average crop. Russia is still being watched for dry weather that has so far hurt yields and Ukraine is watched for the same reason and because of the war that could destroy some fields. Russian Black Sea prices have been firming as producers are not making sales and are looking for higher prices to offset yield losses. Southern hemisphere crops appear to be good.
Chart Analysis: Trends in Chicago are mixed to up Support is at 521 508 and 496 September, with resistance at 568, 572, and 582 September. Trends in Kansas City are mixed. Support is at 516, 504, and 498 September, with resistance at 550, 565, and 578 September. Trends in Minneapolis are not available.

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RICE
General Comments Rice was higher on follow through buying from the news of a trade deal with Japan that is reported to include better access to that market for Rice. Chart trends are still mostly down on the daily charts. The cash market has been slow with mostly quiet with low bids from buyers in domestic markets and average or less export demand. New crop harvesting has started in Louisiana with reports of good but not great yields and quality. Milling quality of the old crop Rice remains below industry standards and it takes more Rough Rice to create the grain for sale to stores and exporters. Rice is heading in most growing areas now and harvest has started near the Gulf Coast.
Chart Analysis: Trends are down. Support is at 1242, 1228, and 1218 September and resistance is at 1276, 1285, and 1298 September.

CORN AND OATS
General Comments: Corn was lower last week on the forecasts for improving weather for the Midwest. The export sales report was strong when the current crop year and the next crop year sales were combined. Temperatures should stay warm to hot for the next couple of days, but then cooler temperatures should return. Rain is expected with the cooler temperatures. Most of the Midwest has seen adequate or greater precipitation and production ideas are high. Yield estimates of 186 bushels per acre are frequently heard. Demand for Corn in world markets remains strong. Oats were lower.
Overnight News: Unknown destinations bought 229,000 tons of US Corn and Mexico bought 225,000 tons of US Corn.
Chart Analysis: Trends in Corn are mixed. Support is at 390, 387, and 384 September, and resistance is at 414, 418, and 426 September. Trends in Oats are mixed to down. Support is at 349, 339, and 335 September, and resistance is at 383, 388, and 394 September.

SOYBEANS
General Comments: Soybeans and Soybean Meal were lower last week and Soybean Oil was higher as good growing conditions continue in the Midwest. Temperatures should turn cooler later this week after some more hot days early in the week. There should be some showers around as well. Prices are now reported to be higher in Brazil, but China and other buyers are still buying there for political reasons. Export demand remains less for US Soybeans as China has been taking almost all the export from South America.
Analysis: Trends in Soybeans are mixed. Support is at 993, 983, and 970 August, and resistance is at 1020, 1037, and 1047 August. Trends in Soybean Meal are mixed. Support is at 265.00, 262.00, and 259.00 August, and resistance is at 277.00, 282.00, and 287.00 August. Trends in Soybean Oil are mixed to up. Support is at 5500, 5390, and 5310 August, with resistance at 5720, 5840, and 5960 August.

PALM OIL AND CANOLA
General Comments: Palm Oil futures were higher last week despite weaker demand reports from private sources. Amspec estimated esports so far this month at 896,404 tons, down 15% from last month. Futures were lower today on ideas of increasing production. There was talk that India will soon be buying a lot with festivals coming soon. Ideas that current increased production levels mean higher inventories in MPOB monthly data are still around. Canola was a little higher last week. Trends are mixed to up on the daily charts and on the weekly charts. The weather has generally been dry for planting and crop development in the Prairies with warm and dry weather around lately.
Chart Analysis: Trends in Canola are mixed to up. Support is at 674.00, 665.00, and 660.00 November, with resistance at 713.00, 717.00, and 738.00 November. Trends in Palm Oil are up. Support is at 4130, 4080, and 4020 October, with resistance at 4350, 4410, and 4470 October.

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