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

USDA Report: Summary For U.S. Agriculture Supply, Demand
WASHINGTON–The following are key numbers from USDA’s crop report Wednesday
and how the government’s estimates compared to analysts’ forecasts in a
Wall Street Journal survey.
U.S. Corn, Soybean Production (million bushels)
Wednesday’s
Estimate Average Range USDA 2016
Corn 14,065 14,204 13,975-15,148 15,148
Soybean 4,255 4,246 4,099-4,342 4,307
***
U.S. Stockpiles (million bushels)
2016-17 Wednesday’s
Estimate Average Range USDA April
Corn 2,295 2,327 2,269-2,500 2,320
Soybeans 435 439 417-466 445
Wheat 1,159 1,162 1,130-1,200 1,159
2017-18 Wednesday’s
Estimate Average Range
Corn 2,110 2,111 1,835-2,400
Soybeans 480 572 458-759
Wheat 914 974 863-1,317
***
World Stockpiles (million metric tons)
2016-17 Wednesday’s
Estimate Average Range USDA April
Corn 223.9 223.7 221.6-228.8 223.0
Soybeans 90.1 87.8 86.1-89.0 87.4
Wheat 255.4 252.2 250.7-253.2 252.3
2017-18 Wednesday’s
Estimate Average Range
Corn 195.3 208.8 190.7-227.0
Soybeans 88.8 87.4 82.5-94.0
Wheat 258.3 244.4 238.0-254.4
***
2017-18 Wheat Production (million bushels)
Wednesday’s Average Range
Estimate
All Winter 1,246 1,328 1,200-1,617
Hard Red Winter 738 795 686-1,047
Soft Red Winter 297 309 260-335
White Winter 212 224 194-263
***
2016-17 Brazil Production (million metric tons)
Wednesday’s
Estimate Average Range USDA April
Corn 96.0 94.3 93.0-95.9 93.5
Soybeans 111.6 111.3 110.5-112.0 111.0
2016-17 Argentina Production (million metric tons)
Wednesday’s
Estimate Average Range USDA April
Corn 40.0 38.5 37.0-39.0 38.5
Soybeans 57.0 56.1 55.0-57.0 56.0

DJ USDA Supply/Demand: Crop Summary – May 10
U.S. ending stocks in million bushels, except soy oil in million pounds,
cotton in million (480 pound) bales and rice in million cwt. Exports and
Production in million metric tons except cotton in million (480 pound)
bales.
Projections based on trends and analysts’ judgments, not survey
date. Source: USDA’s World Agricultural Outlook Board.
======US====== ================WORLD==============
Ending Stocks Exports Production
17-18 16-17 15-16 : 17-18 16-17 15-16 17-18 16-17 15-16
Soybeans 480 435 197 :149.56 144.60 132.22 344.68 348.04 313.05
Brazil na na : 63.50 61.90 54.38 107.00 111.60 96.50
Argentina na na : 9.00 9.00 9.92 57.00 57.00 56.80
China na na : 0.15 0.15 0.11 13.80 12.90 11.79
Soyoil 2,232 2,062 1,687 : 12.01 11.65 11.69 56.20 54.29 51.62
Corn 2,110 2,295 1,737 :151.91 158.58 119.95 1,033.66 1,065.11 968.06
China na na : 0.02 0.02 0.00 215.00 219.55 224.63
Argentina na na : 28.50 27.50 21.70 40.00 40.00 29.00
S. Africa na na : 1.70 2.00 0.80 12.50 15.30 8.21
Cotton(a) 5.00 3.20 3.80 : 37.63 36.96 35.30 113.22 105.88 96.76
All Wheat 914 1,159 976 :178.35 179.74 172.85 737.83 753.09 737.00
China na na : 0.80 0.80 0.73 131.00 128.85 130.19
EU 27 na na : 31.00 27.00 34.69 151.00 145.47 160.48
Canada na na : 22.00 20.00 22.13 28.35 31.70 27.59
Argentina na na : 11.00 10.20 9.60 17.00 16.00 11.30
Australia na na : 19.00 24.00 16.12 25.00 35.00 24.17
Russia na na : 29.00 28.00 25.54 67.00 72.53 61.04
Ukraine na na : 14.50 17.30 17.43 25.00 26.80 27.27
Sorghum 24 48 37 : na na na
Barley 76 95 102 : na na na
Oats 41 46 57 : na na na
Rice 38.1 48.1 46.5 : 42.17 41.42 40.52 481.30 481.54 471.83

DJ U.S. Export Sales: Weekly Sales Totals – May 11
For the week ended May 4, 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 soy meal and
soy oil Oct 1. Source: USDA
wk’s net chg total
in commitments undlvd sales
this yr next yr this yr last yr this yr next yr
wheat -24.2 273.4 27948.9 20473.9 3897.4 2718.1
hrw -7.8 52.0 11779.2 5901.1 1475.3 786.2
srw 7.8 39.5 2427.2 3194.4 257.0 238.4
hrs -30.1 85.9 8466.4 6784.2 1107.1 811.8
white 5.9 75.0 4769.0 3892.8 944.0 808.3
durum 0.1 21.0 507.1 701.4 113.9 73.5
corn 277.7 -55.1 52093.3 38961.3 14157.4 2304.9
soybeans 381.4 70.0 57057.6 46372.6 6869.6 2837.4
soymeal 137.1 24.7 9219.5 9098.3 2611.2 401.6
soyoil 29.0 0.0 861.5 766.4 97.2 1.7
upland cotton 160.6 146.4 13537.0 7813.8 3346.1 2456.3
pima cotton 3.3 13.5 594.0 475.5 109.3 48.4
sorghum 2.0 0.0 4254.3 6952.2 684.5 0.0
barley 0.0 0.0 25.5 27.8 7.9 27.8
rice 41.5 0.0 3188.0 2986.5 497.3 13.8

DJ Brazil Raises Forecasts for Soybean and Corn Crops
SÃO PAULO–Brazilian government agricultural agency Conab on Thursday raised its forecasts for the 2016-2017 soybean and corn harvests as good weather, improved productivity and an increase in the area planted with the crops contributed to expected record production for both crops.
Brazilian farmers will grow 113 million metric tons of soybeans in the 2016-2017 season, in which harvesting is now almost finished, up from 95.4 million tons in the 2015-2016 season. In April, Conab predicted a crop of 110.2 million tons.
The country’s farmers will produce a total of 92.8 million metric tons of corn in the two crops it will grow in the 2016-2017 season, Conab said, up from 66.5 million tons in 2015-2016. The previous forecast, from April, was for a crop of 91.5 million tons.
Brazilian farmers are able to plant two grain crops per year, thanks to the country’s mild winters. Many plant soybeans first, than corn.

DJ CBOT Delivery Intentions: Totals – May 11
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL May. 12, 2017 16 May 02, 2017
SOYBEAN OIL May. 12, 2017 56 May 10, 2017
ROUGH RICE May. 12, 2017 26 May 02, 2017
CORN May. 12, 2017 486 May 10, 2017
KC HRW WHEAT May. 12, 2017 5 May 10, 2017
WHEAT May. 12, 2017 13 May 04, 2017
EU WHEAT May. 12, 2017 22 Apr 24, 2017

WHEAT
General Comments: Wheat closed mixed to higher in reaction to the USDA estimates. Production was less than expected, especially in HRW areas of the Great Plains. Ideas are that the production could drop even more as USDA should not have accounted for the bad weather seen in the growing areas in the last couple of weeks. The cold and snow should have come after the survey was made. USDA cut demand for the coming year in response to the smaller production here and the potential for bigger crops around the world. Ending stocks for the coming year were still well below a billion bushels and could move lower if demand proves strong or production proves less. Most are still trying to check on losses from the recent bad US weather. Winter Wheat stands held up better than expected under the heavy snow cover. The freeze probably killed some of the heads, but this damage might not become apparent until the harvest. There have been some disease reports coming to the surface in the Midwest because of all of the recent rain. It is turning a little warmer and drier in the Great Plains this week, and warmer and drier weather is needed to keep disease down and promote Spring Wheat planting. However, cool weather in the central and southern Great Plains will provide the best conditions for crop yield recovery. The Midwest remains cool, but is expected to turn warmer next week. Parts of eastern Europe and North Africa remain very dry. Some areas of the EU are also dry.
Overnight News: The southern Great Plains should get drier weather through the weekend and rains again next week. Temperatures should be below normal. Northern areas should mostly dry conditions through Saturday, then the rains return. Temperatures should be near to below normal. The Canadian Prairies should see some showers and rain through the weekend, mostly in the western half. Temperatures will average near normal.
Chart Analysis: Trends in Chicago are mixed to down with no objectives. Support is at 426, 424, and 420 July, with resistance at 436, 440, and 445 July. Trends in Kansas City are mixed to down with no objectives. Support is at 434, 430, and 424 July, with resistance at 444, 451, and 457 July. Trends in Minneapolis are mixed to down with no objectives. Support is at 539, 538, and 536 July, and resistance is at 550, 556, and 559 July.

RICE
General Comments: Rice closed sharply higher as USDA showed a Sharp reduction in year to year ending stocks estimates. USDA showed reduced planted area, but a very high yield that could be overestimated in any case and especially with the bad weather seen in Arkansas and California so far this season. USDA also cut domestic demand estimates which should be rather stable on a year to year basis. The ending stocks levels were down sharply, but could be reduced even more if the production is less than forecast or the demand proves to be closer to last year in the US market. It did increase slightly its export estimate, and this was probably OK. World estimates showed a year on year increase in stocks levels. Planting is almost complete and initial emergence of the crop has been good in other areas of the US, but California and Arkansas weather will continue to be the focus of the futures market..
Overnight News: The Delta should get showers and storms tomorrow, then drier weather. Temperatures should average near to above normal.
Chart Analysis: Trends are up with objectives of 1051 July. Support is at 1010, 1004, and 995 July, with resistance at 1030, 1040, and 1044 July.

UPDATE 1-Iraq seeks about 100,000 tonnes of U.S. rice – traders – Reuters News
11-May-2017 04:03:10 AM
Adds detail from paragraph three
HAMBURG, May 11 (Reuters) – Iraq’s state grains buyer is seeking to purchase about 100,000 tonnes of rice to be sourced from the United States, European traders said on Thursday.
Offers are to be submitted on May 15 and must remain valid until May 21, they said.
Traders said the trade ministry in Iraq, a major global buyer of wheat and rice, had sent out price inquiries to trading houses rather than issuing a formal international tender.
Iraq’s cabinet authorised the trade ministry on May 9 to make direct purchases of wheat and rice to guarantee food security. (Full Story)
Iraq has been struggling to import grain for its food subsidy programme after introducing new payment and quality terms which left trading houses unwilling to participate in its international tenders. (Full Story)
Iraq told suppliers earlier this year it would pay for its grain in instalments. Traders said they were informed by Iraq’s Grain Board that low oil prices and other financial factors were forcing the country to delay payments.
The latest U.S. rice purchase inquiry sought prompt shipment, traders said.
“I think this inquiry will be difficult to fulfill as the U.S. has hardly any rice left from the current crop and I would expect only about 30,000 tonnes to be offered for end-June shipment at the most,” one trader said.
“U.S. rice is also looking too expensive compared with what Iraq bought in the last tender.”
In its last reported rice purchase on April 20, Iraq bought about 60,000 tonnes to be sourced from Uruguay at $545 and $541 a tonne c&f free out, traders said. (Full Story)

DJ USDA World Market Rice Prices – May 10
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
($/cwt) ($/cwt) ($/cwt)
Long Grain 14.00 8.78 0.00
Medium/Short Grain 13.49 9.21 0.00
Brokens 8.44 —- —-

CORN AND OATS
General Comments: Futures closed slightly higher in reaction to the USDA reports. USDA showed less production in the coming year for the US, in part due to reduced planted area and in part due to reduced yields due to the exceptional growing season last year. The yield is projected less, but at a trend line estimate that most analysts are also using for calculations. USDA made no real changes to the old crop estimates, but cut export demand in a big way in the new crop estimates due to the potential for Brazil and Argentina to return to the world market near the end of the US Summer. None of the data produced any real surprises. The world data was considered neutral to positive for prices. Emergence in the Midwest remains slow and will likely remain slow due to cool soil temperatures. Farmers are ready to replant crops in cold or wet areas as needed, but so far the losses are still being determined. Planting progress is active now in northwestern parts of the Corn Belt where planting had been slow. Most northern areas will see drier, but still cool weather this week and this weekend. Areas to the south of Chicago could see another round of significant precipitation in the next couple of days. Warmer, but not necessarily drier, weather is expected next week. Corn remains a weather market as most traders focus on the Midwest conditions. Funds remain very short the market and could be forced to cover some of these positions if the bad weather continues.
Overnight News: US Ethanol production averaged 1.006 million barrels last week, up 2.03% from last week and up 4.5% from last year. Total Ethanol production was 7.042 million gallons and stocks are now 23.055 million gallons. Stocks are down 0.7% from last week, but are up 8.5% from last year. The Corn grind for Ethanol was estimated at 105.6 million bushels.
Chart Analysis: Trends in Corn are mixed. Support is at 369, 365, and 364 July, and resistance is at 376, 379, and 384 July. Trends in Oats are mixed to up with objectives of 257 and 270 July. Support is at 242, 237, and 233 July, and resistance is at 250, 256, and 258 July.

SOYBEANS AND PRODUCTS
General Comments: Soybeans and products closed lower. The USDA reports were about as expected, with old crop export demand higher and domestic demand a little lower. The new crop data showed more demand and less production than some had expected. USDA used a trend line yield to forecast less US production despite much higher planted area. It also increased export demand for the coming year. The market tried to rally on the estimates, but the rally could not hold and futures were pushed back into Support areas by the close. The price action implied that additional price weakness is possible. The cool and wet weather and the slow planting pace has helped support futures markets, but the weather could be starting to change. Warmer temperatures are expected in the Midwest next week, although there is also precipitation in the forecast. Basis levels at the Gulf of Mexico have been firmer this week.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed. Support is at 963, 958, and 953 July, and resistance is at 972, 978, and 983 July. Trends in Soybean Meal are mixed. Support is at 316.00, 312.00, and 310.00 July, and resistance is at 321.00, 323.00, and 325.00 July. Trends in Soybean Oil are mixed to up with objectives of 3360 and 3500 July. Support is at 3220, 3150, and 3120 July, with resistance at 3290, 3340, and 3420 July.

CANOLA AND PALM OIL
General Comments: Canola closed sharply lower along with the price action in Chicago. A stronger Canadian Dollar helped losses in Canola. New crop months were lower as farmers are finally in the fields and planting crops. The weather forecasts call for some rains to appear in Alberta, but the Eastern Prairies should stay dry. Demand from crusher and exporters is moderate. Basis levels have been firming along with futures to encourage sales. Availability of South America Soybeans and products is increasing and that could hurt Canola prices longer term. Palm Oil was higher on a strong pace to exports for the month. The MPOB report as considered negative, but really did not affect the price action. Traders noted good production due to good weather and slightly less demand than expected for last month. Chart trends remain up, and July made a new high for the move. .
Overnight News: SGS said that exports so far this month are now 359,355 tons, from 312,489 tons last month. ITS said that exports are now 346,920 tons, from 307,249 tons last month.
Chart Analysis: Trends in Canola are mixed. Support is at 517.00, 514.00, and 512.00 July, with resistance at 524.00, 529.00, and 530.00 July. Trends in Palm Oil are up with objectives of 2660 and 2780 July. Support is at 2580, 2540, and 2500 July, with resistance at 2640, 2670, and 2700 July.

MPOB Monthly Supply and Demand Report:
Observation period : Apr
Frequency : Monthly
Release date : Thursday, 11 May
Forecast as follows:
Production – 1.59 mil tonnes, Up 8.8%
Exports – 1.31 mil tonnes, Up 3.2%
Ending Stocks – 1.65 mil tonnes, Up 6.2%
Actual as follows:
Production – 1.55 mil tonnes, Up 5.7%
Exports – 1.28 mil tonnes, Up 1.4%
Ending Stocks – 1.60 mil tonnes, Up 3.0%
Prior reading as follows:
Production – 1.46 mil tonnes, Up 16.3%
Exports – 1.27 mil tonnes, Up 14.3%
Ending Stocks – 1.55 mil tonnes, Up 6.5%

Midwest Weather Forecast: Precipitation again today, then drier but not completely dry. Temperatures will be below normal in the east and south and near to above normal in the northwest. Warmer in all areas this weekend.

FOB Gulf Basis Levels-Cents per Bushel
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
May 31-Jul 118 July 42 Jul 35 Jul 4-Jul
June 32 Jul 42 Jul 35 Jul
July 32 Jul 42 Jul 37 Jul
All basis levels are positive unless noted as negative

Brazil Premiums Soybeans Soybean Meal Soybean Oil Corn
Paraguay Paraguay  Paraguay  Paraguay
May 50 July minus 30 July
June 47 July minus 23 July 54 July
July 58 Jul minus 22 July 41 July
All basis levels are positive unless noted as negative

DJ ICE Canada Cash Grain Close – May 10
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 522.61 up 2.10
Basis: Thunder Bay
1 Can 534.90 dn 7.70
2 Can 521.90 dn 7.70
Basis: Vancouver
1 Can 559.90 dn 7.70
2 Can 546.90 dn 7.70
FEED WHEAT
Lethbridge 185.00 unchanged
Can Feed 168.00 unchanged
WESTERN BARLEY
Lethbridge 172.00 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 – May 11
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
May 697.50 +05.00 Unquoted – –
Jun 692.50 +10.00 Unquoted – –
Jul/Aug/Sep 642.50 +07.50 Unquoted – –
Oct/Nov/Dec 612.50 +07.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
May 700.00 +05.00 Unquoted – –
Jun 695.00 +10.00 Unquoted – –
Jul/Aug/Sep 645.00 +07.50 Unquoted – –
Oct/Nov/Dec 615.00 +07.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
May 615.00 +02.50 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
May 625.00 +05.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
May 2,900 +40.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
May 274.00 +01.00 Unquoted – –
($1=MYR 4.3430)

DJ China Dalian Grain Futures Closing Prices, Volume – May 11
Soybean No. 1
Turnover: 323,362 lots, or 12.32 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-17 3,740 3,750 3,720 3,720 3,744 3,738 -6 518 582
Jul-17 – – – 3,793 3,799 3,793 -6 0 56
Sep-17 3,844 3,860 3,767 3,805 3,837 3,808 -29 305,604 221,558
Nov-17 – – – 3,840 3,841 3,840 -1 0 10
Jan-18 3,875 3,885 3,800 3,832 3,867 3,830 -37 15,084 28,742
Mar-18 – – – 3,870 3,870 3,870 0 0 10
May-18 3,906 3,919 3,869 3,888 3,909 3,897 -12 2,156 1,150
Jul-18 – – – 3,909 3,909 3,909 0 0 2
Sep-18 – – – 3,938 3,965 3,938 -27 0 14
Corn
Turnover: 956,918 lots, or 15.68 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-17 1,660 1,670 1,660 1,670 1,667 1,661 -6 1,564 4,450
Jul-17 1,625 1,634 1,625 1,634 1,630 1,628 -2 134 1,220
Sep-17 1,630 1,645 1,622 1,645 1,626 1,633 7 853,672 1,599,208
Nov-17 1,665 1,678 1,662 1,677 1,661 1,672 11 28 2,010
Jan-18 1,673 1,689 1,669 1,689 1,672 1,677 5 101,436 552,808
Mar-18 1,671 1,695 1,671 1,695 1,675 1,683 8 84 1,782
Soymeal
Turnover: 1,419,904 lots, or 40.19 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-17 2,839 2,839 2,839 2,839 2,846 2,839 -7 120 3,006
Jul-17 2,865 2,874 2,834 2,867 2,860 2,860 0 102 1,212
Aug-17 2,860 2,860 2,848 2,848 2,845 2,853 8 20 704
Sep-17 2,837 2,846 2,812 2,835 2,831 2,828 -3 1,300,712 2,346,480
Nov-17 2,863 2,875 2,835 2,849 2,853 2,857 4 18 152
Dec-17 2,859 2,859 2,859 2,859 2,859 2,859 0 6 318
Jan-18 2,845 2,862 2,832 2,853 2,846 2,846 0 118,906 444,506
Mar-18 2,855 2,856 2,838 2,838 2,854 2,852 -2 20 154
Palm Oil
Turnover: 1,096,406 lots, or 59.17 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-17 – – – 5,688 5,688 5,688 0 0 20,060
Jun-17 5,352 5,370 5,352 5,370 5,556 5,358 -198 8 24
Jul-17 – – – 5,542 5,542 5,542 0 0 2
Aug-17 5,362 5,406 5,362 5,406 5,374 5,384 10 4 6
Sep-17 5,350 5,522 5,308 5,514 5,368 5,414 46 998,646 587,666
Oct-17 5,350 5,350 5,350 5,350 5,308 5,350 42 2 14
Nov-17 5,368 5,504 5,368 5,440 5,404 5,428 24 12 154
Dec-17 5,288 5,378 5,288 5,378 5,252 5,332 80 8 2
Jan-18 5,198 5,304 5,136 5,298 5,214 5,216 2 97,718 177,514
Feb-18 – – – 5,304 5,302 5,304 2 0 6
Mar-18 – – – 5,218 5,216 5,218 2 0 0
Apr-18 5,348 5,380 5,320 5,380 5,218 5,342 124 8 18
Soybean Oil
Turnover: 885,046 lots, or 52.54 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-17 5,752 5,800 5,752 5,800 5,690 5,790 100 1,200 11,166
Jul-17 – – – 5,948 5,846 5,948 102 0 14
Aug-17 5,798 5,956 5,748 5,956 5,798 5,816 18 54 58
Sep-17 5,900 6,008 5,850 6,004 5,922 5,924 2 823,286 867,602
Nov-17 6,066 6,066 6,066 6,066 6,056 6,066 10 2 18
Dec-17 – – – 6,080 6,070 6,080 10 0 8
Jan-18 6,076 6,170 6,022 6,168 6,092 6,090 -2 60,504 129,014
Mar-18 – – – 6,144 6,146 6,144 -2 0 4
Notes:
1) Unit is Chinese yuan a metric ton;
2) Ch. is day’s settlement minus previous settlement;
3) Volume and open interest are in lots;
4) One lot is equivalent to 10 metric tons.
Questions? Ask Jack Scoville today at 312-264-4322

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