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 – Aug 7

Source: CME Group

Contract                         Quantity   Next Trade

Commodity      Month      Delivery Day    Assigned Today   Date Available

SOYBEAN MEAL   August     Aug. 08, 2017               72   Aug 03, 2017

SOYBEAN OIL    August     Aug. 08, 2017              442   Aug 04, 2017

ETHANOL        August     Aug. 07, 2017                6   Jul 28, 2017

SOYBEAN        August     Aug. 08, 2017              343   Aug 03, 2017

WHEAT                                    

General Comments:  US markets were mixed on Friday as traders prepared for the weekend.  The Census Bureau showed excellent export demand last month, but Chicago and Kansas City markets were mostly a little lower.  Minneapolis rallied as Spring Wheat areas are forecast to see more heat and very little rain in the next couple of weeks.  Traders anticipate reduced production estimates for Spring Wheat from USDA on Thursday.  Ideas are that all three markets could be near some lows and could turn higher in the short term as seasonal trades suggest higher prices from about now into late in the year.  The US Winter Wheat harvest is about ready to wind down now as there should be at most another week left.  Spring Wheat crops are heading or are getting harvested.  There are lower production expectations for the Canadian Prairies as it remains dry in western sections and variable in eastern areas.  Australia has suffered from hot and dry weather as the crop moves to maturity and the harvest should be sharply lower.  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 recently 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 late this week.  Temperatures should be near to below normal.  Northern areas should get mostly dry weather, but a few showers are possible late this week.  Temperatures should be near to below normal.  The Canadian Prairies should see mostly dry weather, but showers are possible on Wednesday.  Temperatures will average near top below 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 mixed to 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 725, 736, and 748 September.

COT — Supplemental Report – Option and Futures Combined Positions as of August 01, 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   563,534

: Positions                                                                               :

:   90,008   129,697   174,619    84,181   172,396   171,149    38,816   519,957   515,528:   43,577    48,006

: Changes from: July 25, 2017              (Change in open interest:      22,238)         :

:      865     9,217    10,610     7,847    -6,923       966     6,292    20,288    19,196:    1,950     3,042

: Percent of Open Interest Represented by Each Category of Trader                         :

:     16.0      23.0      31.0      14.9      30.6      30.4       6.9      92.3      91.5:      7.7       8.5

: Total Traders:   433          Number of Traders in Each Category                        :

:      137       124       175       104       110        30        14       365       343:

——————————————————————————————————————-

 

COT — Supplemental Report – Option and Futures Combined Positions as of August 01, 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   290,675

: Positions                                                                               :

:   90,498    39,843    44,958    61,093   161,816    69,487    17,885   266,036   264,502:   24,639    26,173

: Changes from: July 25, 2017              (Change in open interest:      11,005)         :

:      215    12,791      -640     8,417   -11,581     3,932     7,685    11,925     8,255:     -921     2,749

: Percent of Open Interest Represented by Each Category of Trader                         :

:     31.1      13.7      15.5      21.0      55.7      23.9       6.2      91.5      91.0:      8.5       9.0

: Total Traders:   272          Number of Traders in Each Category                        :

:       79        53        85        75        89        22        10       219       203:

——————————————————————————————————————-

 

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 1, 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   100,114                :

: Positions                                                                                                    :

:   45,996    60,978     3,528       554     1,558    11,900     1,092     2,301     5,015     9,268     8,939 :

: Changes from:     July 25, 2017                                                                              :

:    1,179     2,225       593         7       568        20       -82      -221      -305       -62       228 :

: Percent of Open Interest Represented by Each Category of Trader                                              :

:     45.9      60.9       3.5       0.6       1.6      11.9       1.1       2.3       5.0       9.3       8.9 :

: Number of Traders in Each Category                                  Total Traders:   126                     :

:       53        48         5         .         7        20         .         7        26         7        24 :

—————————————————————————————————————-

RICE

General Comments:   Rice closed lower again on Friday and a little lower for the week.  It was a quiet week as traders wait for US harvest results.  The harvest is active in Louisiana and Texas.  Reports indicate that the quality appears to be good so far in Louisiana amid average to below average yields.  The Texas harvest is showing very good yields and ideas are that the quality will be very good as well.  Harvest activity will move to other states soon.  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 and variable conditions for much of the year.  Current weather is mostly good and producers are hoping for the best.

Overnight News:  The Delta should get scattered showers each day  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 1223, 1217, and 1206 September, with resistance at 1245, 1252, and 1264 September.

DJ India’s Uneven Monsoon Rains Could Be Bad News for Crops — Market Talk

0338 GMT – A lack of even distribution in India’s monsoon rainfalls has left the western region with too much rain and some central and southern regions suffering from too little. “This leads to flooding and drought respectively–both of which are bad news for young field crops,” says Commerzbank. Just over half the country has received normal rainfall for the monsoon period. It adds that in some southern growing regions there was even less rain than during the drought-plagued 2016 season, prompting a drinking water shortage. India is an important exporter of rice and cotton. (lucy.craymer@wsj.com; @lucy_craymer)

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 1, 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    11,163                :

: Positions                                                                                                    :

:    4,260     6,670       216         0         0     2,355       243         0       785     1,953     1,107 :

: Changes from:     July 25, 2017                                                                              :

:      121       426        -4         0         0       -47      -105         0       -52       -87        72 :

: Percent of Open Interest Represented by Each Category of Trader                                              :

:     38.2      59.7       1.9       0.0       0.0      21.1       2.2       0.0       7.0      17.5       9.9 :

: Number of Traders in Each Category                                  Total Traders:    77                     :

:       17        16         .         0         0        14         .         0        16        16        12 :

—————————————————————————————————————-

CORN AND OATS                   

General Comments:   Corn closed higher on Friday, but lower for the week.  Traders are starting to talk more about production potential this year and what USDA might show on Thursday.  Just about everyone expects sub trend yields, but the question is just how bad are the crops.  No one predicts absolute disaster, but some yield estimates are below 165 bushels per acre.  However, USDA might now show that kind of loss this time around as this report will be mostly a populations survey and other measurements like ear length and weight that are used to determine overall yields will not really be measured for this month.  That means that USDA could easily forecast a yield between 165 and 170 bushels per acre.  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 áreas 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.

Overnight News:  Mexico bought 180,000 tons of US new crop Corn.

Chart Analysis:  Trends in Corn are mixed to down with no objectives.  Support is at 362, 360, and 358 September, and resistance is at 369, 371, and 373 September.  Trends in Oats are mixed.   Support is at 279, 274, and 269 September, and resistance is at 286, 289, and 290 September.

 

COT — Supplemental Report – Option and Futures Combined Positions as of August 01, 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 1,800,411

: Positions                                                                               :

:  247,600   234,367   436,246   489,256   810,271   411,609    85,829 1,584,711 1,566,713:  215,700   233,698

: Changes from: July 25, 2017              (Change in open interest:      41,801)         :

:   -2,668    29,845     9,879    19,077   -14,667    16,905    20,941    43,193    45,999:   -1,392    -4,198

: Percent of Open Interest Represented by Each Category of Trader                         :

:     13.8      13.0      24.2      27.2      45.0      22.9       4.8      88.0      87.0:     12.0      13.0

: Total Traders:   824          Number of Traders in Each Category                        :

:      201       168       240       342       342        29        21       699       666:

——————————————————————————————————————-

 

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 1, 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     8,099                :

: Positions                                                                                                    :

:      287     5,241       247         0         0     1,822         0         0     1,364       449     1,524 :

: Changes from:     July 25, 2017                                                                              :

:     -110        68       -18         0         0       141         0         0        82        54        89 :

: Percent of Open Interest Represented by Each Category of Trader                                              :

:      3.5      64.7       3.0       0.0       0.0      22.5       0.0       0.0      16.8       5.5      18.8 :

: Number of Traders in Each Category                                  Total Traders:    44                     :

:        8        11         .         0         0        11         0         0        11         6         8 :

—————————————————————————————————————-

SOYBEANS AND PRODUCTS

General Comments:  Soybeans and Soybean Meal were lower, but Soybean Oil closed higher.  Ideas were that the rains seen this week in Iowa were too light and too scattered to benefit crops very much.  The stronger US Dollar created some selling in the Soybeans as the market still fears competition from South America.  However, Word that China could retaliate against the US in a developing trade dispute by limiting Soybeans imports from the US created the most selling interest.  The US is after China to do something about an intellectual property dispute and might complain to the WTO.  China would then retaliate by restricting the Soybeans imports.  The trade is putting more attention on the coming USDA reports and is trying to estimate yields.  Most expect USDA to cut yields from its trendline estimate of 47 bushels per acre, but it might not do that yet as it will have very little information about the crop from this survey.  Any significant change in yield estimates might wait until more information about the crop becomes available next month.  Wet weather in eastern areas has hurt Soybeans potential, although  recent drier weather 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.

Overnight News:  Unknown destinations bought 206,000 tons of US old crop Soybeans.

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 967, 968, and 975 September.  Trends in Soybean Meal are mixed to down with objectives of 304.00 and 285.00 September.  Support is at 302.00, 3298.00, and 295.00 September, and resistance is at 310.00, 312.00, and 315.00 September.  Trends in Soybean Oil are mixed to down.  Support is at 3320, 3300, and 3250 September, with resistance at 3400, 3440, and 3530 September.

COT — Supplemental Report – Option and Futures Combined Positions as of August 01, 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   793,582

: Positions                                                                               :

:   99,821   107,255   206,370   281,731   350,614   151,270    31,446   739,192   695,685:   54,390    97,897

: Changes from: July 25, 2017              (Change in open interest:        -387)         :

:   -6,894       384    14,017    -3,320   -10,326      -764    -2,190     3,039     1,887:   -3,426    -2,273

: Percent of Open Interest Represented by Each Category of Trader                         :

:     12.6      13.5      26.0      35.5      44.2      19.1       4.0      93.1      87.7:      6.9      12.3

: Total Traders:   647          Number of Traders in Each Category                        :

:      161       184       233       171       232        28        17       489       559:

——————————————————————————————————————-

 

COT — Supplemental Report – Option and Futures Combined Positions as of August 01, 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   438,149

: Positions                                                                               :

:   97,536    48,404    91,852   100,413   262,418   108,251     7,998   398,052   410,672:   40,097    27,477

: Changes from: July 25, 2017              (Change in open interest:      11,329)         :

:    4,642    -1,720     2,713       453     9,602       299       393     8,107    10,988:    3,222       341

: Percent of Open Interest Represented by Each Category of Trader                         :

:     22.3      11.0      21.0      22.9      59.9      24.7       1.8      90.8      93.7:      9.2       6.3

: Total Traders:   298          Number of Traders in Each Category                        :

:       92        58       102        69        83        22        10       241       219:

——————————————————————————————————————-

 

COT — Supplemental Report – Option and Futures Combined Positions as of August 01, 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   379,853

: Positions                                                                               :

:   47,836    61,752    71,458   130,844   195,726    92,901    18,710   343,039   347,646:   36,813    32,207

: Changes from: July 25, 2017              (Change in open interest:      -2,819)         :

:   -4,077    -2,067     2,533     2,240    -7,454      -247     3,069       449    -3,919:   -3,269     1,100

: Percent of Open Interest Represented by Each Category of Trader                         :

:     12.6      16.3      18.8      34.4      51.5      24.5       4.9      90.3      91.5:      9.7       8.5

: Total Traders:   259          Number of Traders in Each Category                        :

:       55        59        81        86        81        23        13       214       201:

——————————————————————————————————————-

CANOLA AND PALM OIL        

General Comments:  Canola was higher Friday in sympathy with Chicago Soybean Oil and as many western areas remain too dry for good production potential.  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 lower on better demand ideas against ideas of increasing production in Malaysia and Indonesia.  MPOB releases new data this week that should show bigger production.  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.

 

DJ Canadian Grain Handling Summary – Aug 4

Winnipeg–The following are Canadian grain handling summary statistics

for the week ended July 31, 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 2888.8  777.0  122.0  302.8  66.9   732.2  130.6  113.3  5525.0

Week ago  2898.6  713.4  127.4  294.2  72.2   826.1  121.2  111.8  5460.5

Year ago  1901.6  575.8  246.6  155.7 107.6  1028.0   62.5  208.1  4531.6

PRODUCER DELIVERIES

This Week  315.0   96.7   22.2   50.0   6.4   256.4   32.9    9.0   819.1

Week ago   388.3   95.9   20.4   59.6   4.6   274.0    9.9    7.4   881.6

To Date  18555.4 5158.1 1837.7 2796.7 389.3 19641.2 3943.0  421.2 55787.2

Year Ago 18614.3 4563.0 1836.6 2367.6 606.7 18025.9 2544.6  391.9 52016.9

TERMINAL RECEIPTS

This Week  561.0  131.2    1.1   54.8   8.1   199.7    4.0    9.4   983.6

Week ago   447.8  116.0    4.9   45.1   2.4   141.9    2.5    1.5   800.7

To Date  18038.9 5847.8  171.6 1341.6 260.9 11876.2 3169.3 1015.8 47826.2

Year Ago 17988.5 5682.0  267.2  824.7 367.9 11124.6 2165.3 1151.5 44851.1

EXPORTS

This Week  247.0   27.3   13.4   36.8   5.4   163.7   15.5      –   513.8

Week ago   200.0  101.7   39.2   19.8   1.0   139.0    0.1   12.4   519.5

To Date  14580.0 4290.2 1168.1 1347.7 292.7 10878.2 3345.2  901.1 41467.0

Year Ago 16365.7 4361.6  960.3  931.9 372.6 10190.6 2349.3 1007.0 40374.9

DOMESTIC DISAPPEARANCE

This Week   60.0    9.4    4.9   23.7   0.8   180.8    3.2   10.2   325.5

Week ago    49.7    3.8    5.3   22.0   0.1   120.7    2.4   10.4   235.7

To Date   2956.7  332.4  261.9 1293.2  36.9  9108.5  173.6  529.0 16092.3

Year Ago  3285.1  404.9  390.1 1423.3  21.3  8866.7  181.0  491.1 16397.3

*Totals include data from other crops not shown including rye soybeans

canaryseed mustard seed beans lentils and chickpeas.>TE

Source: Commodity News Service Canada (cnscanada@shaw.ca, or 204-414-9084)

 

DJ Canadian Oilseed Processors Association Weekly Crush – Aug 4

WINNIPEG–The Canadian Oilseed Processors Association reported the Canadian

oilseed crush for the five days ended July 31 and the two days ended August

2, as follows:

Figures are in metric tons. R-denotes revision.

Cumulative                      Cumulative

Week               2017/18    2016/17              2017/18     2016/17

Ended    Canola                        Soybeans

Aug  2*  43,445    43,445     65,747   10,009      10,009      11,950

Cumulative                      Cumulative

Week               2016/17    2015/16              2016/17     2015/16

Ended   Canola                          Soybeans

Jul 31**125,703  9,143,481  8,315,351   19,935   1,864,102   1,938,689

Jul 26  141,544  9,018,710  8,174,642   37,209   1,846,315   1,930,020

Jul 19  174,382  8,877,166  8,014,758   16,367   1,809,106   1,883,238

Jul 12  163,588  8,702,784  7,832,778   35,646   1,792,739   1,849,569

Jul 05  184,756  8,538,658  7,641,327   31,825   1,756,661   1,817,084

Crush Capacity Utilization

This week  2016/17    2015/16

Canola           n/a       88.1%      58.3%

Soybeans         n/a       58.3%      60.7%

*  two days ending August 2, year-ago three days

** five days ending July 31

Source: Commodity News Service Canada (cnscanada@shaw.ca, or 204-414-

 

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 late in the week.  Temperatures should average below 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
Paranagua Paranagua Paranagua Paranagua
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 4

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          477.60    dn  3.40

Basis: Thunder Bay

1 Can                508.30    up  2.70

2 Can                495.30    up  2.70

Basis: Vancouver

1 Can                523.30    up  2.70

2 Can                510.30    up  2.70

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 7

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

Aug           635.00     -05.00      Unquoted   –        –

Sep           635.00     -02.50      Unquoted   –        –

Oct/Nov/Dec   630.00     -05.00      Unquoted   –        –

Jan/Feb/Mar   640.00     -05.00      Unquoted   –        –

RBD palm olein, FOB, Malaysian ports

Aug           640.00     -05.00      Unquoted   –        –

Sep           640.00     -02.50      Unquoted   –        –

Oct/Nov/Dec   635.00     -05.00      Unquoted – –

Jan/Feb/Mar   645.00     -05.00      Unquoted   –        –

RBD palm stearin, FOB, Malaysian ports

Offer      Change      Bid        Change   Traded

Aug           615.00     -05.00      Unquoted   –        –

Palm Fatty Acid Distillate, FOB Malaysian ports

Offer      Change      Bid        Change   Traded

Aug           610.00      00.00      Unquoted   –        –

Crude palm oil, Delivered Basis, South Malaysia

Offer      Change      Bid        Change   Traded

Aug           2,600      -20.00      Unquoted   –        –

Palm kernel oil, Delivered Basis, South Malaysia

Offer      Change      Bid        Change   Traded

Aug           272.00     -02.00      Unquoted   –        –

($1=MYR 4.2820)

 

DJ China Dalian Grain Futures Closing Prices, Volume – Aug 07

Soybean No. 1 

Turnover: 367,086 lots, or 14.16 billion yuan

Open    High    Low  Close   Prev.  Settle  Ch.      Vol      Open

Settle                        Interest

Sep-17  3,790  3,863  3,767  3,860   3,780   3,818   38  140,644    79,512

Nov-17  3,921  3,921  3,921  3,921   3,817   3,921  104        2        14

Jan-18  3,830  3,936  3,826  3,925   3,814   3,881   67  224,516   167,038

Mar-18  –          –      –  3,899   3,846   3,899   53        0        28

May-18  3,875  3,960  3,875  3,960   3,864   3,925   61    1,882     3,066

Jul-18  3,852  3,938  3,852  3,938   3,882   3,895   13        4         2

Sep-18  3,930  3,981  3,930  3,981   3,892   3,954   62       38       112

Nov-18  –          –      –  4,004   3,942   4,004   62        0         8

Jan-19  –          –      –  3,970   3,933   3,970   37        0         6

Corn 

Turnover: 579,314 lots, or 9.68 billion yuan

Open    High    Low  Close   Prev.  Settle  Ch.      Vol      Open

Settle                        Interest

Sep-17  1,668  1,670  1,652  1,660   1,660   1,661    1  145,520   698,964

Nov-17  1,682  1,686  1,668  1,679   1,680   1,680    0       54       618

Jan-18  1,680  1,683  1,651  1,674   1,675   1,672   -3  414,220   999,976

Mar-18  1,691  1,691  1,670  1,687   1,688   1,681   -7      164     1,208

May-18  1,728  1,732  1,702  1,723   1,724   1,722   -2   19,326   107,780

Jul-18  1,730  1,748  1,729  1,744   1,740   1,736   -4       30        78

Soymeal 

Turnover: 1,285,374 lots, or 35.74 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  2,805  2,824  2,794  2,808   2,792   2,808   16  254,886    522,372

Nov-17  2,840  2,840  2,817  2,817   2,802   2,821   19       12        234

Dec-17  2,813  2,831  2,797  2,812   2,801   2,828   27      178        634

Jan-18  2,772  2,795  2,767  2,775   2,764   2,777   13  969,450  1,737,620

Mar-18  2,740  2,740  2,720  2,737   2,714   2,727   13       22        364

May-18  2,705  2,726  2,699  2,706   2,697   2,709   12   60,818    261,412

Jul-18  2,728  2,728  2,722  2,722   2,710   2,723   13        8         76

Palm Oil 

Turnover: 581,818 lots, or 31.18 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  5,402  5,434  5,364  5,388   5,382   5,400   18   58,112   159,378

Oct-17  –          –      –  5,488   5,488   5,488    0        0         8

Nov-17  –          –      –  5,448   5,448   5,448    0        0         4

Dec-17  5,328  5,402  5,328  5,402   5,454   5,364  -90        4         2

Jan-18  5,354  5,396  5,304  5,320   5,332   5,354   22  519,744   687,466

Feb-18  5,414  5,414  5,414  5,414   5,426   5,414  -12        2        10

Mar-18  –          –      –  5,428   5,428   5,428    0        0         0

Apr-18  –          –      –  5,620   5,620   5,620    0        0        10

May-18  5,480  5,526  5,440  5,456   5,472   5,486   14    3,950    43,716

Jun-18  5,550  5,578  5,550  5,578   5,578   5,568  -10        6        12

Jul-18  –          –      –  5,570   5,570   5,570    0        0         2

Soybean Oil 

Turnover: 460,778 lots, or 28.42 billion yuan

Open    High    Low  Close   Prev.  Settle  Ch.      Vol      Open

Settle                        Interest

Aug-17  –          –      –  6,200   6,200   6,200    0        0        54

Sep-17  6,054  6,080  6,020  6,030   6,028   6,046   18   76,794   283,950

Nov-17  –          –      –  6,146   6,146   6,146    0        0        32

Dec-17  6,158  6,196  6,134  6,134   6,238   6,162  -76        6         4

Jan-18  6,188  6,226  6,162  6,164   6,160   6,188   28  378,386   723,440

Mar-18  6,248  6,248  6,208  6,216   6,214   6,232   18       18         2

May-18  6,308  6,354  6,290  6,292   6,296   6,320   24    5,574    34,760

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

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