Jack Scoville
About The Author

Jack Scoville

Jack Scoville is an often quoted market analyst in the grain and soft commodities sectors. You will find his commentary throughout the Reuters, Wall Street Journal, Dow Jones, Bloomberg, and Barron's publications. Contact Mr. Scoville at (312) 264-4322

DJ USDA Report: Summary for Quarterly Grain, Soybean Stockpiles & U.S. Planting
Following are key numbers from the USDA’s March 1 Quarterly Grain,
Soybean Stockpiles and 2017 U.S. Grain, Soybean Prospective Planting
reports Friday and how the government’s estimates compared to analysts’
forecasts in a Wall Street Journal survey.
U.S. Stockpiles on March 1, 2017 (million bushels)
Friday’s USDA USDA
Estimates Average Range Mar 2016 Dec 2016
Corn 8,616 8,551 8,280-8,900 7,822 12,386
Soybeans 1,735 1,679 1,627-1,800 1,531 2,898
Wheat 1,655 1,622 1,417-1,721 1,372 2,077
***
U.S. Grain, Soybean Planting (million acres)
2017
Friday’s
Estimates Average Range USDA 2016
Corn 89.996 91.034 89.7-92.5 94.004
Soybeans 89.482 88.128 85.9-90.2 83.433
All Wheat 46.059 46.059 44.2-48.2 50.154
Winter Wheat 32.747 32.388 32.0-33.0 36.137
Spring Wheat 11.308 11.270 9.9-12.2 11.605
Durum Wheat 2.004 2.145 2.0-2.5 2.412

DJ USDA Grain Stocks: U.S. Summary Total-Mar 31
Grain Stocks: By Position, Month, United States, 2016-2017
(Domestic Units)
========================================================================
2016 2017
—————————————————————–
Date On Off Total All On Off Total All
Farms Farms 1/ Positions Farms Farms 1/ Positions
========================================================================
1,000 Bushels
Corn
Mar 1 4,335,000 3,487,233 7,822,233 4,908,000 3,708,243 8,616,243
Jun 1 2,471,400 2,239,679 4,711,079
Sep 1 627,400 1,109,658 1,737,058
Dec 1 7,611,000 4,774,776 12,385,776
Sorghum
Mar 1 25,000 176,584 201,584 21,250 159,092 180,342
Jun 1 9,700 80,654 90,354
Sep 1 3,755 32,877 36,632
Dec 1 43,000 265,149 308,149
Oats
Mar 1 26,800 48,429 75,229 22,320 40,838 63,158
Jun 1 18,350 38,452 56,802
Sep 1 37,400 41,190 78,590
Dec 1 30,430 45,003 75,433
Barley
Mar 1 57,910 79,832 137,742 56,490 90,322 146,812
Jun 1 27,740 74,370 102,110
Sep 1 130,600 99,737 230,337
Dec 1 99,100 93,408 192,508
All wheat
Mar 1 319,800 1,051,862 1,371,662 349,500 1,305,822 1,655,322
Jun 1 197,210 778,393 975,603
Sep 1 728,200 1,816,830 2,545,030
Dec 1 571,280 1,506,042 2,077,322
Durum wheat 2/
Mar 1 17,700 24,785 42,485 32,400 20,399 52,799
Jun 1 12,190 15,609 27,799
Sep 1 65,500 26,386 91,886
Dec 1 49,200 23,696 72,896
Soybeans
Mar 1 727,500 803,406 1,530,906 668,500 1,066,175 1,734,675
Jun 1 281,300 590,481 871,781
Sep 1 41,560 155,169 196,729
Dec 1 1,335,000 1,563,379 2,898,379
========================================================================
1/ Includes stocks at mills, elevators, warehouses, terminals, and
processors.
2/ Included in All wheat.

WHEAT
General Comments: Wheat closed mixed, with the Chicago Winter Wheat markets a little higher and Minneapolis Spring Wheat markets a little lower. The USDA reports were neutral to bullish for prices. The quarterly stocks reports showed that actual Wheat supplies were slightly higher than estimates, but the planting intentions were below trade estimates. Traders will now go back to keeping a close eye on the Great Plains weather and the prices in the Black Sea. The Great Plains saw beneficial precipitation last week and more is forecast for this week. Ideas are that the rains forecast for the Great Plains will improve crops, and mostly good weather is reported in other northern hemisphere countries. The rains could help stabilize crop ratings in states from Kansas and Colorado to Oklahoma and Texas. Crop reports from the state departments of agriculture showed deterioration last week, but USDA could show improvement this week as it will issue its first crop conditions and progress reports of the season today. The Midwest should see chances for rain every few days through next week and crop conditions should be good. World Wheat prices were stable, and US Wheat remains as cheap as any in the world market right now. Daily price trends suggest that all three Wheat markets are in a range trade.
Overnight News: The southern Great Plains should get some heavy precipitation today and tomorrow, then dry weather. Temperatures should be mostly above normal. Northern areas should get some precipitation today and tomorrow, then dry weather. Temperatures should be mostly above normal. The Canadian Prairies should see mostly dry conditions. Temperatures will average mostly above normal.
Chart Analysis: Trends in Chicago are mixed. Support is at 419, 417, and 416 May, with resistance at 433, 435, and 441 May. Trends in Kansas City are mixed to down with objectives of 411 May. Support is at 419, 417, and 415 May, with resistance at 429, 436, and 439 May. Trends in Minneapolis are mixed. Support is at 532, 528, and 526 May, and resistance is at 541, 545, and 550 May.

COT — Supplemental Report – Option and Futures Combined Positions as of March 28, 2017
: 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 605,728
: Positions :
: 86,910 244,525 175,189 126,651 111,398 165,446 29,186 554,196 560,298: 51,532 45,430
: Changes from: March 21, 2017 (Change in open interest: 14,572) :
: -5,097 17,655 8,997 7,026 -8,287 1,080 -6,521 12,006 11,844: 2,566 2,728
: Percent of Open Interest Represented by Each Category of Trader :
: 14.3 40.4 28.9 20.9 18.4 27.3 4.8 91.5 92.5: 8.5 7.5
: Total Traders: 472 Number of Traders in Each Category :
: 135 172 162 102 104 28 15 367 363:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of March 28, 2017
: 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 258,540
: Positions :
: 68,818 78,263 38,637 73,217 111,033 52,748 6,566 233,421 234,499: 25,119 24,041
: Changes from: March 21, 2017 (Change in open interest: 21,804) :
: 7,593 20,451 1,824 11,815 -1,325 -1,701 -493 19,530 20,456: 2,273 1,348
: Percent of Open Interest Represented by Each Category of Trader :
: 26.6 30.3 14.9 28.3 42.9 20.4 2.5 90.3 90.7: 9.7 9.3
: Total Traders: 262 Number of Traders in Each Category :
: 70 56 63 80 83 21 11 200 195:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of March 28, 2017
: 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 – MINNEAPOLIS GRAIN EXCHANGE (CONTRACTS OF 5,000 BUSHELS) :
CFTC Code #001626 Open Interest is 72,190 :
: Positions :
: 34,548 40,723 2,846 325 2,500 4,501 2,316 1,252 4,006 4,861 9,759 :
: Changes from: March 21, 2017 :
: -20 -2,492 -99 325 -22 -918 943 -348 -224 -700 392 :
: Percent of Open Interest Represented by Each Category of Trader :
: 47.9 56.4 3.9 0.5 3.5 6.2 3.2 1.7 5.5 6.7 13.5 :
: Number of Traders in Each Category Total Traders: 102 :
: 44 39 4 . 5 11 5 5 10 7 19 :
—————————————————————————————————————-

RICE
General Comments: Rice closed higher in response to the planting intentions reports. The report for Rice showed less planted area than expected at 2.636 million acres. The trade had expected 2.843 million acres. The stocks report showed ample supplies, but this had been expected. But, the lower than expected plantings report will cut production ideas and ending stocks estimates for the next marketing year. The lower plantings came almost completely in Long Grain. USDA will issue its first crop progress reports of the season today and should show rapid planting progress in both Louisiana and Texas. Some isolated planting has been reported in Arkansas. Planting continues in areas near the Gulf Coast amid very good conditions, and reports from Texas say that planting there is very active. It is possible that planted area not drop that much in both Louisiana and Texas due to the better conditions right now, although USDA showed a significant drop in intentions in Texas. Mississippi and Arkansas might not get started in earnest until later this month, but fieldwork preparations have been active as weather permits.
Overnight News: The Delta should get chances for showers and rains today and tomorrow and Thursday. Temperatures should average near normal.
Chart Analysis: Trends are mixed to up with objectives of 1000 and 1026 May. Support is at 983, 980, and 970 May, with resistance at 1000, 1009, and 1012 May.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of March 28, 2017
: 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 11,619 :
: Positions :
: 5,340 3,694 305 742 0 910 2,817 0 1,280 1,702 808 :
: Changes from: March 21, 2017 :
: -361 -156 -3 0 0 69 -229 0 -116 -88 81 :
: Percent of Open Interest Represented by Each Category of Trader :
: 46.0 31.8 2.6 6.4 0.0 7.8 24.2 0.0 11.0 14.6 7.0 :
: Number of Traders in Each Category Total Traders: 75 :
: 19 13 . . 0 . 12 0 19 8 11 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Futures closed higher on Friday and higher for the week. Oats closed lower and posted a technical top on the weekly charts. USDA released its quarterly stocks reports on Friday and the Corn supplies were higher than expected. The Planting Intentions report showed less than expected area might be planted to Corn this year. The biggest reductions came in the Corn Belt, implying that the national yield can be less this year. The yields this year are already estimated less as no one expects anything more than a normal growing season instead of the extra long season seen last year. The charts show that Corn is preparing for a move at this time. It appears that producers are waiting for a rally before selling again. Export demand overall remains strong and should be strong for several more months as South America is not currently in a position to offer. Better market conditions for that part of the world to offer should appear by late Summer when the Winter crop in Brazil is made and ready for harvest. Ethanol demand has also been good. Traders are looking at good planting and initial development conditions in northern Brazil and anticipate a huge crop and big competition for sales.
Overnight News:
Chart Analysis: Trends in Corn are up with objectives of 371 May. Support is at 361, 358, and 354 May, and resistance is at 368, 371, and 375 May. Trends in Oats are down with objectives of 219 May. Support is at 222, 220, and 218 May, and resistance is at 228, 231, and 236 May.

COT — Supplemental Report – Option and Futures Combined Positions as of March 28, 2017
: 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 1,814,115
: Positions :
: 241,501 390,786 442,524 512,010 662,566 402,348 87,767 1,598,383 1,583,644: 215,731 230,471
: Changes from: March 21, 2017 (Change in open interest: -4,108) :
: -10,524 61,204 -11,687 23,587 -75,111 -11,545 25,434 -10,169 -161: 6,061 -3,947
: Percent of Open Interest Represented by Each Category of Trader :
: 13.3 21.5 24.4 28.2 36.5 22.2 4.8 88.1 87.3: 11.9 12.7
: Total Traders: 811 Number of Traders in Each Category :
: 202 166 234 324 326 27 15 681 646:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of March 28, 2017
: Reportable Positions :
:————————————————————————————————————- :
: Producer/Merchant : : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables :
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading :
—————————————————————————————————————-
OATS – CHICAGO BOARD OF TRADE (CONTRACTS OF 5,000 BUSHELS) :
CFTC Code #004603 Open Interest is 7,250 :
: Positions :
: 1,306 4,191 316 200 0 1,314 0 0 795 885 883 :
: Changes from: March 21, 2017 :
: 243 235 -3 0 0 -158 0 0 -60 -96 20 :
: Percent of Open Interest Represented by Each Category of Trader :
: 18.0 57.8 4.4 2.8 0.0 18.1 0.0 0.0 11.0 12.2 12.2 :
: Number of Traders in Each Category Total Traders: 39 :
: 9 12 . . 0 9 0 0 8 4 6 :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans and products were lower on fund selling and in reaction to the USDA reports. USDA showed higher than expected supplies and now many analysts say that the crop last year was underestimated. That is because demand is relatively easy to calculate with very good crush and export data available. The market has been under pressure anyway due to reports of weaker basis levels in South America and as export sales have started to move lower on a weekly basis. The weaker cash premiums suggest that Soybeans are now more available and that the competition for world sales will be more intense. The weaker premiums quoted from Brazil and Argentina put prices from those origins below the US. There are also reports of less Chinese demand as crusheds there might have overbought in the face of animal disease problems there. The weekly charts show down trends in Soybeans and Soybean Meal. South American offers are out there and Brazil exporters are selling and fixing prices. Argentine exports are also reported to be offering actively. Production expectations are high for both countries and seem to be getting higher. Many analysts suggest that the down side potential for Soybeans prices could be extreme this Fall.
Overnight News:
Chart Analysis: Trends in Soybeans are down with no objectives. Support is at 944, 937, and 932 May, and resistance is at 954, 957, and 960 May. Trends in Soybean Meal are down with no objectives. Support is at 307.00, 305.00, and 303.00 May, and resistance is at 311.00, 314.00, and 317.00 May. Trends in Soybean Oil are down with objectives of 3100 and 2880 May. Support is at 3130, 3090, and 3050 May, with resistance at 3220, 3270, and 3320 May.

COT — Supplemental Report – Option and Futures Combined Positions as of March 28, 2017
: 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 900,849
: Positions :
: 127,252 116,996 229,294 335,321 392,676 153,257 24,781 845,124 763,746: 55,725 137,102
: Changes from: March 21, 2017 (Change in open interest: 18,604) :
: -6,972 15,912 12,771 35,826 897 -23,017 -12,710 18,608 16,870: -5 1,733
: Percent of Open Interest Represented by Each Category of Trader :
: 14.1 13.0 25.5 37.2 43.6 17.0 2.8 93.8 84.8: 6.2 15.2
: Total Traders: 657 Number of Traders in Each Category :
: 171 180 233 189 231 27 13 507 558:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of March 28, 2017
: 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 441,972
: Positions :
: 66,282 104,459 96,840 142,215 193,001 103,537 15,642 408,874 409,943: 33,098 32,029
: Changes from: March 21, 2017 (Change in open interest: -232) :
: 61 -656 7,553 -8,661 -2,486 1,115 -6,851 68 -2,440: -300 2,208
: Percent of Open Interest Represented by Each Category of Trader :
: 15.0 23.6 21.9 32.2 43.7 23.4 3.5 92.5 92.8: 7.5 7.2
: Total Traders: 315 Number of Traders in Each Category :
: 79 97 99 78 77 21 12 239 242:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of March 28, 2017
: 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 407,274
: Positions :
: 71,792 49,891 70,537 112,611 237,734 106,563 11,476 361,503 369,638: 45,771 37,636
: Changes from: March 21, 2017 (Change in open interest: 361) :
: -18,414 12,493 13,227 17,546 -17,865 -9,479 -8,864 2,880 -1,008: -2,519 1,369
: Percent of Open Interest Represented by Each Category of Trader :
: 17.6 12.3 17.3 27.6 58.4 26.2 2.8 88.8 90.8: 11.2 9.2
: Total Traders: 280 Number of Traders in Each Category :
: 66 75 89 85 88 20 10 228 218:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Canola closed lower on the weaker price action in Chicago and in reaction to the USDA reports. A relatively tight cash market kept Canola better supported than Soybeans. Additional price weakness was caused by some general selling tied to ideas of increasing competition from South America in world oilseeds markets. The market is paying attention to competing vegetable oils prices as there is little to talk about in the internal market. Availability of South America Soybeans and products is increasing and that could hurt Canola prices longer term. Palm Oil was higher on outside market price action. Demand on the export side has been lackluster, but there are still people saying that the production is not all that strong. The trade expects increased production overall, but trees have been slow to recover. The trees are recovering and should start producing more in the next couple of months, but so far the increase has been less than expected. The weather has been good, but increasing seasonal monsoon rains could soon start to disrupt harvest progress.
Overnight News:
Chart Analysis: Trends in Canola are mixed to down with no objectives. Support is at 479.00, 474.00, and 470.00 May, with resistance at 493.00, 497.00, and 502.00 May. Trends in Palm Oil are down with objectives of 2640 June. Support is at 2640, 2600, and 2570 June, with resistance at 2700, 2740, and 2810 June.

DJ Canadian Grain Handling Summary – Mar 31
Winnipeg–The following are Canadian grain handling summary statistics
for the week ended March 26, 2017. Figures in thousands of metric tons.
Source: Canadian Grain Commission.
Durum
Wheat Wheat Oats Barley Flax Canola Peas Corn Total*
COMMERCIAL STOCKS
This week 3061.3 746.4 195.9 294.8 67.5 1469.9 331.1 189.5 6834.0
Week ago 3062.9 750.3 202.4 321.3 82.5 1481.1 367.6 300.5 7029.7
Year ago 2674.8 725.0 238.4 264.4 60.6 1437.3 292.7 180.2 6150.7
PRODUCER DELIVERIES
This week 417.2 77.5 28.2 80.3 5.5 353.4 113.7 7.9 1134.6
Week ago 437.5 84.7 43.1 51.3 5.8 400.4 98.6 11.7 1178.9
To Date 11657.9 3227.9 1416.2 1732.5 308.0 13529.8 3258.4 268.7 38723.1
Year ago 13007.2 3528.5 1338.4 1703.8 395.1 12030.0 2215.5 246.6 37225.1
TERMINAL RECEIPTS
This week 210.7 99.4 5.5 13.5 0.4 280.2 85.3 27.9 743.3
Week ago 185.6 70.9 0.3 34.1 4.2 199.7 70.1 19.5 666.2
To Date 10991.2 3484.8 135.2 748.1 202.1 7844.3 2457.4 557.2 31644.9
Year ago 11199.5 4266.0 149.3 644.2 212.5 7148.3 1783.8 454.9 30572.4
EXPORTS
This week 291.7 96.8 20.6 56.4 4.7 169.6 84.2 68.5 823.1
Week ago 238.6 71.0 28.1 89.4 16.4 256.0 76.8 N/A 799.5
To date 8686.9 2718.6 873.4 736.8 223.4 7020.8 2517.2 372.9 27333.2
Year ago 10594.0 3123.0 717.8 717.8 244.8 6453.2 1935.0 233.1 27636.2
DOMESTIC DISAPPEARANCE
This week 53.1 12.2 4.2 24.4 0.8 210.6 4.2 14.0 351.9
Week ago 52.8 4.0 3.8 23.2 1.1 189.9 2.7 10.1 304.5
To date 1944.8 221.7 169.8 860.2 35.5 6087.0 109.3 322.3 10631.7
Year ago 2235.9 281.3 265.2 864.4 48.7 5641.7 122.5 296.0 10645.8
*Totals include data from other crops not shown including rye, soybeans,
canaryseed, mustard seed, beans, lentils, and chickpeas.
Source: Commodity News Service Canada (cnscanada@shaw.ca, or 204-414-

DJ Canadian Oilseed Processors Association Weekly Crush – Mar 31
WINNIPEG–The Canadian Oilseed Processors Association reported
the Canadian oilseed crush for the week ended March 29, 2017, as follows:
Figures are in metric tons. R-denotes revision.
Cumulative Cumulative
Week 2016/17 2015/16 2016/17 2015/16
Ended Canola Sybns
Mar 29 185,366 6,189,782 5,460,413 30,611 1,262,235 1,352,105
Mar 22 208,268 6,004,416 5,299,101 25,053 1,231,624 1,307,579
Mar 15 180,860 5,796,148 5,126,487 35,312 1,206,571 1,284,162
Mar 08 173,363 5,615,622 4,938,406 45,410 1,171,259 1,259,218
Mar 01 183,613 5,441,887 4,780,187 33,356 1,125,633 1,218,378
Crush Capacity Utilization
This Week Year-to-Date Year Ago
Canola 86.7% 90.3% 83.9%
Soybeans 46.5% 59.8% 64.1%
Source: Commodity News Service Canada (cnscanada@shaw.ca, or 204-414-
9084)

Midwest Weather Forecast: More precipitation today and for much of the week, then turning drier over the weekend. Temperatures will average near to below normal.

FOB Gulf Basis Levels-Cents per Bushel
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
April 35 July 75 May 51 May 22-Jul minus 4 May
May 37 July 51 July 23-Jul
June 32 July 40 July 20-Jul
All basis levels are positive unless noted as negative

Brazil Premiums Soybeans Soybean Meal Soybean Oil Corn
Paranagua Paranagua Paranagua Paranagua
April plus 28 May minus 34 May
May plus 28 May minus 34 May
June minus 31 July

DJ ICE Canada Cash Grain Close – Mar 31
WINNIPEG–The following are the closing cash grain prices from
ICE Futures Canada.
Values are based on the commodity being delivered at Thunder
Bay, Ontario, unless otherwise noted.
Source: ICE Futures Canada
Price Change
CANOLA
*Par Region 473.31 dn 6.60
Basis: Thunder Bay
1 Can 496.40 dn 2.80
2 Can 483.40 dn 2.80
Basis: Vancouver
1 Can 518.40 dn 2.80
2 Can 505.40 dn 2.80
FEED WHEAT
Lethbridge 173.00 up 5.00
Can Feed 168.00 dn 2.00
WESTERN BARLEY
Lethbridge 160.00 unchanged
All prices in Canadian dollars per metric ton.
*Quote for previous day
Source: Commodity News Service Canada (cnscanada@shaw.ca, or
204-414-9084)

DJ Malaysian PM Cash Market Prices for Palm Oil – April 3
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
Apr 700.00 00.00 Unquoted – –
May 680.00 00.00 Unquoted – –
Jun 660.00 00.00 Unquoted – –
Jul/Aug/Sep 617.50 00.00 Unquoted – –
Oct/Nov/Dec 605.00 00.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports

Apr 700.00 00.00 Unquoted – –
May 680.00 00.00 Unquoted – –
Jun 660.00 00.00 Unquoted – –
Jul/Aug/Sep 617.50 00.00 Unquoted – –
Oct/Nov/Dec 605.00 00.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Apr 655.00 00.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Apr 670.00 -02.50 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Apr 2,910 00.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Apr 282.00 -03.00 Unquoted – –
($1=MYR 4.4265)

 

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

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