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 CBOT Delivery Intentions: Totals – May 15
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL May May. 16, 2017 19 May 12, 2017
SOYBEAN OIL May May. 16, 2017 76 May 12, 2017
ROUGH RICE May May. 16, 2017 94 May 11, 2017
CORN May May. 16, 2017 193 May 12, 2017
KC HRW WHEAT May May. 16, 2017 22 May 12, 2017
SOYBEAN May May. 16, 2017 91 May 12, 2017

WHEAT
General Comments: Wheat closed slightly lower in uneventful trading on Friday. However, the overall price action remains positive as markets anticipate less production here in the US and quite possibly in Europe and into North Africa and Russia. USDA showed production that was less than expected last week, especially in HRW areas of the Great Plains. Ideas are that the production could drop even more as USDA should not have accounted for all of the bad weather seen in the growing areas in the last couple of weeks. The temperatures have turned warmer, but forecasts call for frequent periods of precipitation at a time when the crop really needs dry conditions. There have been some disease reports coming to the surface in the Midwest because of all of the recent rain. Parts of eastern Europe and North Africa remain very dry. Some areas of the EU are also dry and have seen some freezing temperatures of their own. US and world production estimates should be lower in the next few months.
Overnight News: The southern Great Plains should get rains again over the middle of the week. Temperatures should be below normal. Northern areas should mostly rains over the middle of the week. Temperatures should be near to below normal. The Canadian Prairies should see some showers and rain through the week. Temperatures will average near normal.
Chart Analysis: Trends in Chicago are mixed. Support is at 426, 424, and 420 July, with resistance at 440, 445, and 449 July. Trends in Kansas City are mixed. Support is at 434, 430, and 424 July, with resistance at 444, 451, and 457 July. Trends in Minneapolis are mixed. Support is at 545, 539, and 538 July, and resistance is at 550, 556, and 559 July.

COT — Supplemental Report – Option and Futures Combined Positions as of May 09, 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 531,789
: Positions :
: 82,853 219,667 156,541 94,982 92,926 149,577 20,431 483,953 489,565: 47,836 42,224
: Changes from: May 2, 2017 (Change in open interest: -25,304) :
: -578 -14,665 -6,523 -14,985 -5,454 -2,210 1,035 -24,295 -25,607: -1,009 303
: Percent of Open Interest Represented by Each Category of Trader :
: 15.6 41.3 29.4 17.9 17.5 28.1 3.8 91.0 92.1: 9.0 7.9
: Total Traders: 439 Number of Traders in Each Category :
: 128 151 160 108 92 30 15 363 330:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of May 09, 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 263,019
: Positions :
: 77,939 71,344 40,733 64,150 118,809 56,947 7,297 239,769 238,183: 23,250 24,836
: Changes from: May 2, 2017 (Change in open interest: -4,696) :
: -4,066 -17,742 4,847 -172 9,835 -4,582 -3,529 -3,973 -6,589: -722 1,893
: Percent of Open Interest Represented by Each Category of Trader :
: 29.6 27.1 15.5 24.4 45.2 21.7 2.8 91.2 90.6: 8.8 9.4
: Total Traders: 258 Number of Traders in Each Category :
: 64 59 61 78 81 21 10 193 187:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 9, 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 63,035 :
: Positions :
: 32,789 40,827 2,978 0 2,560 5,343 673 890 2,244 3,403 4,385 :
: Changes from: May 2, 2017 :
: -53 -181 -1 0 33 498 205 194 -752 -351 -191 :
: Percent of Open Interest Represented by Each Category of Trader :
: 52.0 64.8 4.7 0.0 4.1 8.5 1.1 1.4 3.6 5.4 7.0 :
: Number of Traders in Each Category Total Traders: 79 :
: 37 31 4 0 4 12 . 6 6 4 10 :
—————————————————————————————————————-

RICE
General Comments: Rice closed sharply lower in correction trading after moving higher Thursday in reaction to news stories tht Iraq was looking to buy 100,000 tons of US Rice for prompt shipment. There will be no formal tender as Iraq has had trouble getting bids lately due to its precarious financial position. It will instead talk directly to exporters to find the best deal. It remains to be seen if they actually can closet he deal as they have not bought anything here yet this year. USDA showed reduced planted area in its new crop estimates, 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. Planting is almost complete and initial emergence of the crop has been good in other areas of the US, but California and Arkansas will continue to be the focus of the futures market.
Overnight News: The Delta should get drier weather until precipitation returns by the middle of this week. Temperatures should average near to above normal.
Chart Analysis: Trends are up with no objectives. Support is at 1030, 1019, and 1007 July, with resistance at 1040, 1044, and 1054 July.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 9, 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 11,841 :
: Positions :
: 5,560 3,553 292 387 0 1,078 3,354 0 1,013 1,795 1,047 :
: Changes from: May 2, 2017 :
: -18 -72 0 -10 0 27 5 0 -12 3 106 :
: Percent of Open Interest Represented by Each Category of Trader :
: 47.0 30.0 2.5 3.3 0.0 9.1 28.3 0.0 8.6 15.2 8.8 :
: Number of Traders in Each Category Total Traders: 80 :
: 20 13 . . 0 . 14 0 18 15 15 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Futures closed slightly higher on Friday in slow trading. The market is watching planting and initial growth, and anticipates a big jump in planting progress in the USDA data that will be released after the close today. It turned warmer and drier in the Corn Belt over the weekend, and will stay dry for today. However, there are chances for showers in most areas the rest of the week. 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. 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:
Chart Analysis: Trends in Corn are mixed. Support is at 368, 365, and 364 July, and resistance is at 374, 376, and 379 July. Trends in Oats are mixed. Support is at 237, 233, and 228 July, and resistance is at 245, 248, and 250 July.

COT — Supplemental Report – Option and Futures Combined Positions as of May 09, 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 1,797,779
: Positions :
: 202,697 427,895 465,841 523,009 602,322 380,682 102,796 1,572,228 1,598,853: 225,551 198,926
: Changes from: May 2, 2017 (Change in open interest: 40,951) :
: -5,949 21,305 27,911 21,936 -13,079 -2,676 1,510 41,222 37,646: -271 3,304
: Percent of Open Interest Represented by Each Category of Trader :
: 11.3 23.8 25.9 29.1 33.5 21.2 5.7 87.5 88.9: 12.5 11.1
: Total Traders: 789 Number of Traders in Each Category :
: 204 166 247 321 306 28 18 677 631:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 9, 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 6,692 :
: Positions :
: 1,795 3,516 333 800 0 1,032 0 0 508 675 815 :
: Changes from: May 2, 2017 :
: -100 193 0 0 0 246 -155 0 -255 -132 213 :
: Percent of Open Interest Represented by Each Category of Trader :
: 26.8 52.5 5.0 12.0 0.0 15.4 0.0 0.0 7.6 10.1 12.2 :
: Number of Traders in Each Category Total Traders: 38 :
: 8 10 . . 0 8 0 0 8 6 7 :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans and Soybean Meal closed lower as South American crop estimates are higher. Soybean Oil moved higher in sympathy with gains in Palm Oil futures. 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 this week, although there is also precipitation in the forecast. Farmers are making progress and will have a couple more days of planting weather before the precipitation returns.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed. Support is at 958, 953, and 950 July, and resistance is at 972, 978, and 983 July. Trends in Soybean Meal are mixed. Support is at 312.00, 310.00, and 309.00 July, and resistance is at 318.00, 321.00, and 323.00 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.

COT — Supplemental Report – Option and Futures Combined Positions as of May 09, 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 799,068
: Positions :
: 102,237 161,707 198,807 313,132 291,739 131,301 29,553 745,477 681,806: 53,591 117,262
: Changes from: May 2, 2017 (Change in open interest: 2,393) :
: 7,695 -3,223 1,794 -8,899 400 3,338 2,749 3,928 1,719: -1,535 674
: Percent of Open Interest Represented by Each Category of Trader :
: 12.8 20.2 24.9 39.2 36.5 16.4 3.7 93.3 85.3: 6.7 14.7
: Total Traders: 660 Number of Traders in Each Category :
: 159 196 235 185 229 28 17 501 563:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of May 09, 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 449,668
: Positions :
: 82,436 110,075 97,507 140,388 200,633 91,052 9,319 411,383 417,534: 38,285 32,134
: Changes from: May 2, 2017 (Change in open interest: -11,118) :
: 4,991 -11,539 -6,556 -11,629 8,757 1,035 -2,314 -12,160 -11,652: 1,042 535
: Percent of Open Interest Represented by Each Category of Trader :
: 18.3 24.5 21.7 31.2 44.6 20.2 2.1 91.5 92.9: 8.5 7.1
: Total Traders: 326 Number of Traders in Each Category :
: 86 96 115 79 73 23 13 257 248:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of May 09, 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 401,778
: Positions :
: 66,402 67,739 68,108 120,732 210,773 99,790 16,453 355,032 363,072: 46,745 38,705
: Changes from: May 2, 2017 (Change in open interest: 98) :
: 3,822 -3,763 -1,411 -5,594 3,494 2,942 2,381 -241 700: 339 -602
: Percent of Open Interest Represented by Each Category of Trader :
: 16.5 16.9 17.0 30.0 52.5 24.8 4.1 88.4 90.4: 11.6 9.6
: Total Traders: 277 Number of Traders in Each Category :
: 76 64 89 87 81 22 9 229 208:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Canola closed 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. There remains Little available in the cash market, and this fact is keeping prices relatively strong. Demand from crushers and exporters is moderate. Basis levels have been firming along with futures to encourage sales. Palm Oil was higher as export demand held firm through the middle of the month. Export demand is off to a strong start this month and has supported futures this week 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 Malaysian Palm Oil exports are now613,465 tons, from 572,910 tons last month. ITS said that exports are now 617,280 tons, from 567,280 tons last month.
Chart Analysis: Trends in Canola are mixed. Support is at 515.00, 514.00, and 512.00 July, with resistance at 529.00, 530.00, and 532.00 July. Trends in Palm Oil are up with objectives of 2780 July. Support is at 2640, 2620, and 2580 July, with resistance at 2670, 2700, and 2740 July.

DJ Canadian Grain Handling Summary – May 12
WINNIPEG–The following are Canadian grain handling summary statistics
for the week ended May 7, 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 2799.6 643.9 159.7 262.2 78.7 1049.3 218.5 167.9 5776.6
Week ago 2852.8 761.2 162.6 270.7 74.9 1100.6 199.0 190.0 6006.5
Year ago 2114.0 608.7 242.6 199.4 58.5 1282.4 192.3 133.1 5111.8
PRODUCER DELIVERIES
This Week 368.9 70.4 16.0 62.1 6.1 301.2 36.9 7.8 908.7
Week Ago 410.3 124.3 31.6 50.3 8.1 369.7 41.9 9.5 1142.7
To Date 13763.5 3903.8 1574.3 2073.9 321.7 15778.3 3666.7 323.0 45044.3
Year Ago 14836.7 3869.9 1486.2 2001.3 444.0 14150.8 2386.3 292.4 42328.7
TERMINAL RECEIPTS
This Week 306.3 107.1 0.2 38.3 4.9 310.0 55.8 36.8 919.9
Week Ago 405.6 168.4 1.6 28.6 2.6 245.4 83.5 22.9 988.6
To Date 13178.4 4350.2 151.2 951.6 223.3 9527.5 2972.0 676.6 37594.4
Year Ago 13703.0 5016.7 168.6 805.3 258.1 8657.7 1982.8 657.4 36129.6
EXPORTS
This Week 303.0 140.3 15.2 0.6 0.7 286.6 53.4 0.0 832.8
Week Ago 330.3 32.1 11.3 2.6 1.0 328.1 76.2 47.1 856.5
To Date 10562.3 3355.0 999.2 900.1 240.9 8628.2 3077.8 482.7 32662.0
Year Ago 12767.4 3693.6 825.6 902.0 285.7 7838.0 2145.7 485.9 32618.6
DOMESTIC DISAPPEARANCE
This Week 41.4 3.9 3.8 29.1 1.7 136.5 2.7 10.1 254.4
Week Ago 49.8 4.7 4.8 24.6 1.0 162.5 4.2 10.2 291.9
To Date 2268.8 248.9 199.0 1015.8 41.2 7183.3 130.6 388.9 12540.5
Year Ago 2541.7 330.2 305.6 1050.0 56.4 6450.3 146.5 349.0 12249.1
*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 204-414-9084)

DJ Canadian Oilseed Processors Association Weekly Crush
WINNIPEG–The Canadian Oilseed Processors Association reported the
Canadian oilseed crush for the week ended May 10, 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
May 10 170,057 7,223,082 6,316,817 27,557 1,470,871 1,587,971
May 03 146,610 7,052,251 6,177,709 39,229 1,443,582 1,543,719
Apr 26 182,011 6,904,607 6,046,458 27,817 1,407,304 1,498,152
Apr 19 172,994 6,722,596 5,935,549 44,824 1,379,487 1,455,890
Apr 12 192,611 6,549,608 5,755,471 28,716 1,334,663 1,428,591
Crush Capacity Utilization
This week 2016/17 2015/16
Canola 79.6% 89.7% 82.4%
Soybeans 41.9% 59.4% 64.1%
Source: Commodity News Service Canada (cnscanada@shaw.ca, or 204-414-9084)

Midwest Weather Forecast: Dry for the next day or two, then rain returns by the middle of the week. Temperatures will be above normal.

FOB Gulf Basis Levels-Cents per Bushel
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
May 31-Jul 126 July 42 Jul 33 Jul 4-Jul
June 30-Jul 45 Jul 34 Jul
July 30-Jul 42 Jul 35 Jul
All basis levels are positive unless noted as negative

Brazil Premiums Soybeans Soybean Meal Soybean Oil Corn
Paranagua Paranagua Paranagua Paranagua
May minus 23 July
June 51 July minus 23 July 54 July
July 62 Jul minus 22 July 42 July
All basis levels are positive unless noted as negative

DJ ICE Canada Cash Grain Close – May 12
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 514.31 dn 0.60
Basis: Thunder Bay
1 Can 538.90 dn 4.60
2 Can 525.90 dn 4.60
Basis: Vancouver
1 Can 563.90 dn 4.60
2 Can 550.90 dn 4.60
FEED WHEAT
Lethbridge 185.00 unchanged
Can Feed 168.00 unchanged
WESTERN BARLEY
Lethbridge 180.00 dn 8.00
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 15
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
Jun 700.00 +10.00 Unquoted – –
Jul/Aug/Sep 647.50 +07.50 Unquoted – –
Oct/Nov/Dec 612.50 +02.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Jun 702.50 +10.00 Unquoted – –
Jul/Aug/Sep 650.00 +07.50 Unquoted – –
Oct/Nov/Dec 615.00 +02.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Jun 627.50 — Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Jun 625.00 — Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
May 2,920 +60.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jun 276.00 — Unquoted – –
($1=MYR4.3203)

DJ China Dalian Grain Futures Closing Prices, Volume – May 15
Soybean No. 1
Turnover: 147,512 lots, or 5.58 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-17 3,710 3,713 3,693 3,713 3,722 3,712 -10 180 0
Jul-17 3,805 3,805 3,783 3,784 3,782 3,791 9 14 62
Sep-17 3,766 3,800 3,761 3,772 3,788 3,780 -8 139,314 209,750
Nov-17 – – – 3,807 3,807 3,807 0 0 10
Jan-18 3,810 3,826 3,795 3,805 3,817 3,809 -8 6,192 29,098
Mar-18 – – – 3,857 3,857 3,857 0 0 10
May-18 3,872 3,899 3,862 3,870 3,880 3,884 4 1,810 1,178
Jul-18 – – – 3,896 3,892 3,896 4 0 2
Sep-18 3,945 3,945 3,945 3,945 3,938 3,945 7 2 14
Corn
Turnover: 1,534,956 lots, or 25.33 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-17 1,597 1,710 1,597 1,710 1,661 1,641 -20 80 0
Jul-17 1,648 1,648 1,627 1,627 1,634 1,639 5 54 1,188
Sep-17 1,645 1,660 1,628 1,629 1,640 1,645 5 1,365,566 1,659,328
Nov-17 1,684 1,686 1,666 1,666 1,674 1,682 8 78 1,950
Jan-18 1,690 1,705 1,679 1,679 1,685 1,690 5 169,062 563,626
Mar-18 1,699 1,699 1,679 1,679 1,683 1,690 7 116 1,780
Soymeal
Turnover: 1,171,280 lots, or 32.67 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-17 – – – 2,865 2,830 2,865 35 486 0
Jul-17 2,825 2,836 2,821 2,823 2,847 2,828 -19 440 1,258
Aug-17 2,810 2,810 2,790 2,801 2,820 2,802 -18 8 708
Sep-17 2,794 2,798 2,778 2,781 2,807 2,787 -20 1,091,052 2,455,252
Nov-17 2,796 2,809 2,794 2,808 2,831 2,804 -27 30 176
Dec-17 – – – 2,837 2,837 2,837 0 0 318
Jan-18 2,811 2,818 2,801 2,804 2,823 2,809 -14 79,254 485,920
Mar-18 2,810 2,810 2,807 2,807 2,829 2,808 -21 10 160
Palm Oil
Turnover: 583,958 lots, or 31.96 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-17 5,350 5,560 5,350 5,560 5,688 5,642 -46 50 0
Jun-17 – – – 5,604 5,604 5,604 0 0 22
Jul-17 – – – 5,444 5,488 5,444 -44 0 4
Aug-17 – – – 5,290 5,332 5,290 -42 0 6
Sep-17 5,462 5,542 5,454 5,472 5,476 5,488 12 540,334 575,022
Oct-17 5,402 5,458 5,402 5,458 5,412 5,430 18 4 16
Nov-17 5,478 5,478 5,456 5,456 5,444 5,462 18 6 146
Dec-17 – – – 5,332 5,332 5,332 0 0 2
Jan-18 5,260 5,308 5,244 5,264 5,272 5,268 -4 43,564 180,928
Feb-18 – – – 5,360 5,360 5,360 0 0 6
Mar-18 – – – 5,270 5,274 5,270 -4 0 0
Apr-18 – – – 5,408 5,408 5,408 0 0 18
Soybean Oil
Turnover: 503,694 lots, or 30.20 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-17 5,838 5,838 5,838 5,838 5,784 5,718 -66 2,276 0
Jul-17 5,964 5,964 5,964 5,964 5,948 5,964 16 2 14
Aug-17 5,888 5,928 5,888 5,928 5,830 5,908 78 4 60
Sep-17 5,954 6,022 5,930 5,984 5,964 5,982 18 458,734 857,884
Nov-17 – – – 6,060 6,060 6,060 0 0 18
Dec-17 – – – 6,124 6,074 6,124 50 0 8
Jan-18 6,126 6,188 6,098 6,154 6,130 6,148 18 42,678 132,626
Mar-18 – – – 6,162 6,144 6,162 18 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

View Morning Grains Archiveswww.pricegroup.com

A Subsidiary of Price Holdings, Inc. – an Employee Owned Diversified Financial Services Firm. Member NIBA, NFA

Past results are not necessarily indicative of future results. Investing in futures can involve substantial risk of loss & is not suitable for everyone. Trading foreign exchange also involves a high degree of risk. The leverage created by trading on margin can work against you as well as for you, and losses can exceed your entire investment. Before opening an account and trading, you should seek advice from your advisors as appropriate to ensure that you understand the risks and can withstand the losses.

The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any securities or futures. The Price Futures Group, its officers, directors, employees, and brokers may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction. Reproduction and/or distribution of any portion of this report are strictly prohibited without the written permission of the author. Trading in futures contracts, options on futures contracts, and forward contracts is not suitable for all investors and involves substantial risks. ©2017

Leave a Reply

Your email address will not be published. Required fields are marked *

Security Question * * Time limit is exhausted. Please reload CAPTCHA.