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

Alerts History
• 03-Aug-2017 03:00:25 AM – UN FAO WORLD FOOD PRICE INDEX AVERAGES 179.1 IN JULY, UP 2.3 PCT FROM JUNE
World food prices rise 2.3 pct in July – UN FAO – Reuters News
03-Aug-2017 03:13:09 AM
ROME, Aug 3 (Reuters) – World food prices rose 2.3 percent in July from the month before, their third successive monthly increase, supported by higher values for most cereals, sugar and dairy, the United Nations food agency said on Thursday.
The Food and Agriculture Organization’s (FAO) food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 179.1 points in July, its highest since January 2015.
Food on international markets was 10.2 percent more expensive than in the same month last year, with higher prices mainly supported by supply constraints and currency movements.
Vegetable oil prices fell 1.1 percent to hit their lowest since August 2016, dragged down by palm oil, which is facing a combination of good production prospects and weak global import demand.

DJ CBOT Delivery Intentions: Totals – Aug 4
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL August Aug. 07, 2017 129 Aug 02, 2017
SOYBEAN OIL August Aug. 07, 2017 704 Aug 03, 2017
SOYBEAN August Aug. 07, 2017 6 Jul 31, 2017

DJ U.S. June Grain Imports-Aug 4
In kilograms, from the U.S. Commerce Department, converted to
pounds by Dow Jones.
—-Jun 2017—- —-May 2017—-
kilograms pounds kilograms pounds
durum wheat 10,729,216 23,657,921 11,590,194 25,556,378
spring wheat 14,842,938 32,728,678 9,831,357 21,678,142
winter wheat 12,346,626 27,224,310 9,839,572 21,696,256
wheat/meslin 38,819,291 85,596,537 32,895,597 72,534,791
TOTAL WHEAT 76,738,071 169,207,447 64,156,720 141,465,568
barley 9,457,482 20,853,748 7,487,873 16,510,760
oats 81,523,838 179,760,063 84,312,024 185,908,013
corn 60,814,854 134,096,753 138,704,995 305,844,514
other corn 30,000,354 66,150,781 14,275,279 31,476,990
TOTAL CORN 90,815,208 200,247,534 152,980,274 337,321,504

DJ U.S. Jun Soymeal, Vegetable Oils/Oilseed Imports-Aug 4
In kilograms from the U.S. Commerce Department, converted to pounds
by Dow Jones.
—-Jun 2017—- —-May 2017—-
kilograms pounds kilograms pounds
coconut oil 24,315,077 53,614,745 53,970,169 119,004,223
palm kernel oil 25,627,173 56,507,916 42,272,962 93,211,881
palm oil 66,197,201 145,964,828 151,417,187 333,874,897
soybean 23,690,453 52,237,449 49,030,138 108,111,454
soymeal 352,707 777,719 551,493 1,216,042
soyoil 11,015,201 24,288,518 14,293,701 31,517,611
rapeseed oil
edible 171,025,726 377,111,726 165,106,013 364,058,759
rapeseed oil,
inedible 0 0 0 0

DJ U.S. June Oilseed, Meal, Oils/Fats Exports-Aug 4
In kilograms (top). Oils in pounds, soybeans in bushels, meal and hulls in
short tons (bottom). Source: U.S. Department of Commerce.
(*)NOTE: Year ago figures reflect data reported at that time.
Data includes Exports and Re-Exports.
——- In Kilograms ——-
Jun 17 May 17 Apr 17 Jun 16(*)
soybeans 1,795,507,919 1,450,001,603 2,432,552,194 1,001,441,923
soyoil 62,725,009 73,134,417 117,207,681 71,951,478
crude 47,928,651 47,877,041 89,883,452 58,747,836
refined 321,080 165,843 100,915 182,565
other/1 14,094,006 24,725,101 27,027,213 12,676,235
hydrogenated 381,272 366,432 196,101 344,842
cottonseed oil 2,660,474 2,989,824 3,872,931 1,375,000
crude 13,443 16,066 105,174 206,935
refined 2,254,881 2,188,864 2,768,893 831,754
other/1 358,042 778,301 979,178 289,694
hydrogenated 34,108 6,593 19,686 46,617
sunseeds 4,054,373 143,596 316,194 409,361
sunseed oil 3,260,949 2,318,729 2,946,906 2,245,113
rapeseed 7,375,383 11,358,919 11,160,449 3,727,549
rapeseed oil 5,895,896 9,270,434 7,141,481 9,406,403
crude 814,657 3,649,495 2,227,252 3,870,497
refined 5,081,239 5,620,939 4,914,229 5,535,906
linseed meal 346,360 442,363 176,821 239,516
cottonseed meal 8,755,521 9,866,970 7,394,198 5,155,268
soymeal 612,308,227 586,449,587 647,266,616 590,624,824
soymeal/flour 145,922,198 130,254,535 162,156,773 91,870,144
soymeal hulls 13,986,000 7,969,000 15,960,000 8,971,000
lard 1,384,018 1,921,916 1,144,616 1,152,898
edible tallow 5,066,843 4,895,360 4,672,356 10,830,215
inedible tallow 27,432,741 28,684,089 33,590,684 14,089,787
ch white grease 18,128 29,865 46,878 0
——- In Bushels, Pounds or Short Tons ——-
Jun 17 May 17 Apr 17 Jun 16(*)
soybeans 65,972,945 53,277,892 89,380,075 36,796,314
soyoil 138,284,998 161,233,818 258,398,749 158,625,883
crude 105,664,606 105,550,826 198,159,126 129,516,830
refined 707,860 365,621 222,480 402,487
other/1 31,071,970 54,509,526 59,584,815 27,946,319
hydrogenated 840,561 807,844 432,329 760,247
cottonseed oil 5,865,342 6,591,435 8,538,353 3,031,357
crude 29,637 35,419 231,869 456,214
refined 4,971,163 4,825,620 6,104,365 1,833,704
other/1 789,348 1,715,860 2,158,718 638,666
hydrogenated 75,195 14,535 43,400 102,773
sunseeds 8,938,364 316,575 697,089 902,487
sunseed oil 7,189,163 5,111,923 6,496,817 4,949,628
rapeseed 16,259,939 25,042,134 24,604,583 8,217,840
rapeseed oil 12,998,228 20,437,812 15,744,273 20,737,572
crude 1,796,012 8,045,761 4,910,251 8,532,987
refined 11,202,216 12,392,051 10,834,022 12,204,586
linseed meal 382 488 195 264
cottonseed meal 9,651 10,876 8,151 5,683
soymeal 674,947 646,443 713,482 651,046
soymeal flour/me 160,850 143,580 178,745 101,268
soymeal hulls 15,417 8,784 17,593 9,889
lard 3,051,238 4,237,100 2,523,447 2,541,705
edible tallow 11,170,479 10,792,423 10,300,784 23,876,541
inedible tallow 60,478,852 63,237,602 74,054,795 31,062,668
ch white grease 39,965 65,841 103,348 0

DJ U.S. June Grain Exports-Aug 4
In kilograms (top) and in bushels (bottom), except flour in cwt and malt
in pounds. /1 denotes includes commercial and donated. Source: U.S. Department
of Commerce.
(*)NOTE: Year ago figures reflect data reported at that time.
Data includes Exports and Re-Exports.
——- In Kilograms ——-
Jun 17 May 17 Apr 17 Jun 16(*)
Barley 4,775,910 2,127,529 1,018,223 2,223,948
Corn /1 4,926,909,000 5,353,163,000 5,360,305,000 6,098,774,000
Sorghum 223,240,000 496,797,000 366,266,000 461,555,000
Oats 3,907,223 5,470,702 4,518,305 2,183,285
Rye 1,306,164 190,498 31,958 2,352,452
Wheat /1 3,031,016,650 3,136,083,578 2,690,948,165 2,320,791,325
wheat flour /1 28,760,221 30,115,126 23,317,511 33,681,605
Malt 45,763,609 41,182,082 40,176,613 26,801,150
——- In Bushels, CWT or Pounds ——-
Jun 17 May 17 Apr 17 Jun 16(*)
Barley 219,354 97,716 46,766 102,144
Corn /1 193,961,849 210,742,555 211,023,721 240,095,663
Sorghum 8,788,480 19,557,833 14,419,108 18,170,431
Oats 269,183 376,897 311,283 150,415
Rye 51,421 7,499 1,258 92,611
Wheat /1 111,369,654 115,230,163 98,874,405 85,273,608
wheat flour /1 634,054 663,925 514,063 742,552
Malt 100,891,505 90,790,965 88,574,285 59,086,432
1/Includes commercial and donated.

WHEAT
General Comments: US markets were lower with the outside markets. Ideas are that all three markets could be near some lows and could turn higher in the short-term. The US Winter Wheat harvest is about ready to wind down now as there should be just another week or so left. Spring Wheat crops are starting to get harvested in some areas now, and no one expects a good crop this year. There are lower production expectations for the Canadian Prairies as it remains hot and dry in western sections and variable in eastern areas. Australia has suffered from hot and dry weather as the crop moves to maturity and production forecasts are now at or below 20 million tons, down from initial expectations closer to 24 million tons. European crops show variable conditions, but the higher quality crops are expected to be smaller due to bad weather in the north. Both Germany and Poland have seen excessive rains. US prices are very competitive in the world market, and the weaker US Dollar this week should help increase export demand.
Overnight News: The southern Great Plains should get mostly dry weather, but some showers are expected over the weekend. Temperatures should be below normal. Northern areas should get mostly dry weather, but a few showers are possible over the weekend. Temperatures should be below normal early and above normal nest week. The Canadian Prairies should see mostly dry weather. Temperatures will average above normal.
Chart Analysis: Trends in Chicago are down with objectives of 454 and 446 September. Support is at 453, 443, and 441 September, with resistance at 464, 473, and 478 September. Trends in Kansas City are down with objectives of 458 and 444 September. Support is at 457, 445, and 438 September, with resistance at 471, 472, and 480 September. Trends in Minneapolis are mixed to down with objectives 675, 667, and 554 September. Support is at 708, 687, and 678 September, and resistance is at 736, 748, and 764 September.

RICE
General Comments: Rice closed lower on weaker export demand. The harvest continues to expand in Gulf coastal areas and inland in Texas. Reports indicate that the quality appears to be good so far in Louisiana amid average to below average yields. The Texas harvest is more active and results are showing very good yields. Ideas are that the quality will be very good this year in Texas as long as the rains stay away. Other states are still a few weeks away from getting started. Mississippi has seen some early cutting in southern areas this week, but Arkansas and Missouri will not get started until late August at the earliest. Crop potential in these states is an open question due primarily to harsh weather at the start of the growing season.
Overnight News: The Delta should get mostly dry weather Temperatures should average near to below normal.
Chart Analysis: Trends are mixed to up with objectives of 1256, 1278, and 1338 September. Support is at 1235, 1223, and 1217 September, with resistance at 1252, 1264, and 1276 September.

DJ FAO Rice Price Index Up on Firmer Japonica, Fragrant Prices — Market Talk
0200 GMT – The FAO All Rice Price Index rose 0.7% in July 2017 to reach a two-year high due to firmer Japonica and fragrant quotations, says the UN organization. The move in some rice prices is due to seasonally tighter exportable availabilities in these segments. However, it adds that prices for higher quality Indica rice fell due to a slowdown in demand during July. It notes that in Thailand, benchmark Thai 100% Grade B white rice was US$432 per metric ton in July, down 8% month-on-month and essentially unchanged with May. (lucy.craymer@wsj.com;Twitter: @lucy_craymer)

DJ Thai Rice Exports Up 8% in 1H17 on Year — Market Talk
0323 GMT – Thai rice exports are up 8% in 1H17 as prices are more competitive in the Middle Eastern and African markets, driven by the sale of government rice stocks and recovery of rice production in the off-season, says the U.S. Department of Agriculture in a note; “Rice exports in the second half of 2017 are expected to grow at a slower pace, particularly for white rice, due to the suspension of the sale of government stocks in June 2017.”The USDA is forecasting Thai rice exports for 2017 to rise a total of 6%. (lucy.craymer@wsj.com;Twitter: @lucy_craymer)

CORN AND OATS
General Comments: Corn lower on rains in Iowa. It rained yesterday, but not in big amounts. The market has pushed back below 380 December this week in reaction to forecasts for cooler temperatures and some precipitation this week. The rains should hit most ares today, then temperatures will be cool for a couple of days before turning warmer again. The weather and growing conditions in general should improve as rains move through northern and eastern areas over the next couple of days. Some of the drier central and western areas will miss out on the fun. All areas will see some cooler temperatures through the end of the week. Crops are moving through pollination and are starting kernel fill. Growing conditions remain variable, Minnesota and parts of Iowa have good crops, but stress is possible in other western areas from the overall dry conditions. However, Missouri and parts of Illinois have good crops. Eastern areas have seen too much rain in many cases. Early planted Corn is reported to be better than later planted Corn. Eastern crops might benefit from the drier weather and moderate temperatures. Bearish traders note that export demand for the next crop has been below average due to big selling from South America.
Overnight News:
Chart Analysis: Trends in Corn are mixed to down with no objectives. Support is at 360, 358, and 356 September, and resistance is at 367, 369, and 371 September. Trends in Oats are mixed. Support is at 279, 274, and 269 September, and resistance is at 290, 296, and 297 September.

SOYBEANS AND PRODUCTS
General Comments: Soybeans and products were lower on rains in Iowa. It rained yesterday, but not in big amounts. Futures had moved sharply lower on Tuesday in reaction to forecasts for improved weather this week and the improved crop ratings from USDA on Monday. Weather forecasts for today and tomorrow call for rain and moderate temperatures. Rains are possible in the north and east, but Central and southern areas should stay dry. All areas will turn cooler after the rain moved through. Wet weather in eastern areas has hurt Soybeans potential, although recent drier eather could allow for some improvement. Plants are small and are not likely to yield well due to all of the rain. Western areas could use some rain, but many crops appear to be in good condition. The most important time for Soybeans is August when the plants flower, but the weather needs to get significantly better in just about all parts of the Midwest if there is to be hope for close to trend line yields.
Overnight News:
Chart Analysis: Trends in Soybeans are down with objectives of 945 and 895 September. Support is at 948, 943, and 934 September, and resistance is at 958, 967, and 968 September. Trends in Soybean Meal are down with objectives of 304.00 and 285.00 September. Support is at 306.00, 302.00, and 298.00 September, and resistance is at 310.00, 312.00, and 315.00 September. Trends in Soybean Oil are mixed to up with objectives of 3600 September. Support is at 3320, 3300, and 3250 September, with resistance at 3400, 3440, and 3530 September.

CANOLA AND PALM OIL
General Comments: Canola was lower yesterday in sympathy with Chicago and as many western areas remain too dry for good production potential. Current forecasts call for cooler temperatures and some showers for the next few days in the western Prairies. Eastern áreas remain mostly too wet, but should also be drier this week. Ideas are that crop conditions are highly variable, but it is the hot and dry conditions in the est that have the most trade attention. Reports of tight supplies and limited offers in the cash market continue. Palm Oil was a little higher on better demand ideas against ideas of increasing production in Malaysia and Indonesia. The July exports reported by the private sources held strong into the end of the month.. There are reports of strong Chinese buying interest in Palm Oil. Traders talked once again about increasing production. Futures are showing that a short-term bottom might have been completed in the last couple of weeks.
Overnight News:
Chart Analysis: Trends in Canola are mixed. Support is at 495.00, 493.00, and 486.00 November, with resistance at 505.00, 510.00, and 514.00 November. Trends in Palm Oil are mixed to up with objectives of 2710 October. Support is at 2580, 2560, and 2540 October, with resistance at 2640, 2660, and 2700 October.

Trades Estimates for the MPOB Report from Reuters:
Observation period : Jul
Frequency : Monthly
Release date : Thursday, 10 Aug
Forecast as follows:
Production – 1.68 mil tonnes, Up 11.0%
Exports – 1.43 mil tonnes, Up 4.0%
Ending Stocks – 1.63 mil tonnes, Up 6.5%
Prior reading as follows:
Production – 1.51 mil tonnes, Down 8.5%
Exports – 1.38 mil tonnes, Down 8.4%
Ending Stocks – 1.53 mil tonnes, Down 1.9%
Breakdown of July estimates (in tonnes):
Range Median
Production 1,590,000 – 1,718,583 1,681,000
Exports 1,420,000 – 1,449,000 1,434,900
Imports 46,000 – 55,000 49,300
Closing Stocks 1,552,000 – 1,660,000 1,626,000
* Official stocks of 1,527,043 tonnes in June plus the above estimated output and imports give a total July supply of 3,257,343 tonnes. Based on the median of the exports and closing stocks estimates, Malaysia’s domestic consumption in July would be 197,343 tonnes.

Midwest Weather Forecast: Showers and storms today and tomorrow, mostly north and east. Dry over the weekend. Temperatures should average below normal today and tomorrow, then will trend back to near to above normal.

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
August 25-Sep 110 Sep 37 Sep 42 Aug minus 4 Sep
September 27-Sep 52 Sep 43 Nov
October 25-Dec 50 Dec 46 Nov
All basis levels are positive unless noted as negative

Brazil Premiums Soybeans Soybean Meal Soybean Oil Corn
Paraguay Paraguay Paraguay Paraguay
August 80 Aug
September 86 Sep minus 28 Sep 40 Sep
October minus 21 Oct 33 Dec
All basis levels are positive unless noted as negative

DJ ICE Canada Cash Grain Close – Aug 3
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 481.00 up 2.60
Basis: Thunder Bay
1 Can 505.60 dn 3.40
2 Can 492.60 dn 3.40
Basis: Vancouver
1 Can 520.60 dn 3.40
2 Can 507.60 dn 3.40
FEED WHEAT
Lethbridge 205.00 unchanged
Can Feed 178.00 unchanged
WESTERN BARLEY
Lethbridge 197.00 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 – August 4
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Friday, 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
Aug 640.00 -02.50 Unquoted – –
Sep 637.50 00.00 Unquoted – –
Oct/Nov/Dec 635.00 -02.50 Unquoted – –
Jan/Feb/Mar 645.00 -02.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Aug 645.00 -02.50 Unquoted – –
Sep 642.50 00.00 Unquoted – –
Oct/Nov/Dec 640.00 -02.50 Unquoted – –
Jan/Feb/Mar 650.00 -02.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Aug 620.00 00.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Aug 610.00 -02.50 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Aug 2,620 00.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Aug 274.00 -04.00 Unquoted – –
($1=MYR4.2770)

DJ China Dalian Grain Futures Closing Prices, Volume – Aug 04
Soybean No. 1
Turnover: 221,560 lots, or 8.41 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-17 3,779 3,794 3,761 3,780 3,782 3,780 -2 120,910 103,534
Nov-17 3,831 3,832 3,790 3,790 3,822 3,817 -5 6 16
Jan-18 3,812 3,829 3,786 3,825 3,826 3,814 -12 99,990 153,662
Mar-18 – – – 3,846 3,846 3,846 0 0 28
May-18 3,856 3,879 3,850 3,875 3,873 3,864 -9 604 2,294
Jul-18 – – – 3,882 3,882 3,882 0 0 2
Sep-18 – – – 3,892 3,886 3,892 6 0 118
Nov-18 – – – 3,942 3,942 3,942 0 0 8
Jan-19 3,954 3,954 3,913 3,920 3,917 3,933 16 50 6
Corn
Turnover: 416,102 lots, or 6.95 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-17 1,653 1,665 1,650 1,663 1,654 1,660 6 155,788 733,768
Nov-17 1,680 1,685 1,677 1,683 1,678 1,680 2 122 630
Jan-18 1,674 1,679 1,671 1,676 1,675 1,675 0 247,098 1,008,176
Mar-18 1,688 1,690 1,688 1,690 1,689 1,688 -1 30 1,232
May-18 1,722 1,728 1,721 1,723 1,724 1,724 0 13,064 103,774
Jul-18 – – – 1,740 1,740 1,740 0 0 80
Soymeal
Turnover: 1,170,914 lots, or 32.40 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Aug-17 – – – 2,820 2,820 2,820 0 0 0
Sep-17 2,790 2,802 2,781 2,798 2,808 2,792 -16 216,600 618,032
Nov-17 2,798 2,806 2,798 2,806 2,819 2,802 -17 4 232
Dec-17 2,802 2,809 2,794 2,803 2,814 2,801 -13 26 518
Jan-18 2,760 2,774 2,752 2,768 2,785 2,764 -21 907,282 1,713,078
Mar-18 2,732 2,732 2,706 2,707 2,734 2,714 -20 28 362
May-18 2,695 2,704 2,686 2,700 2,714 2,697 -17 46,968 260,970
Jul-18 2,708 2,712 2,708 2,712 2,732 2,710 -22 6 72
Palm Oil
Turnover: 538,638 lots, or 28.77 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Aug-17 – – – 5,630 5,630 5,630 0 0 0
Sep-17 5,398 5,402 5,356 5,394 5,434 5,382 -52 70,156 167,050
Oct-17 – – – 5,488 5,488 5,488 0 0 8
Nov-17 – – – 5,448 5,448 5,448 0 0 4
Dec-17 – – – 5,454 5,454 5,454 0 0 2
Jan-18 5,312 5,356 5,286 5,352 5,372 5,332 -40 458,926 679,780
Feb-18 5,426 5,426 5,426 5,426 5,476 5,426 -50 2 12
Mar-18 – – – 5,428 5,428 5,428 0 0 0
Apr-18 – – – 5,620 5,620 5,620 0 0 10
May-18 5,452 5,492 5,426 5,486 5,510 5,472 -38 9,554 43,686
Jun-18 – – – 5,578 5,578 5,578 0 0 10
Jul-18 – – – 5,570 5,570 5,570 0 0 2
Soybean Oil
Turnover: 542,788 lots, or 33.28 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Aug-17 – – – 6,200 6,250 6,200 -50 0 54
Sep-17 6,028 6,056 6,006 6,038 6,094 6,028 -66 128,576 301,954
Nov-17 6,146 6,146 6,146 6,146 6,206 6,146 -60 4 32
Dec-17 – – – 6,238 6,298 6,238 -60 0 6
Jan-18 6,152 6,190 6,132 6,178 6,232 6,160 -72 406,390 720,234
Mar-18 – – – 6,214 6,214 6,214 0 0 4
May-18 6,288 6,322 6,252 6,306 6,360 6,296 -64 7,818 34,794
Jul-18 – – – 6,420 6,420 6,420 0 0 0
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.