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 U.S. Corn, Soybean Production Estimates — Survey
CHICAGO–The following are analysts’ estimates for 2017 U.S. corn and soybean production in millions of bushels, as compiled by The Wall Street Journal. Yield estimates are in bushels per acre and harvested acres are in million acres. The U.S. Department of Agriculture is scheduled to release its monthly estimates at noon on Thursday.
U.S. 2017 Production (million bushels, bushels per acre)
Average Range USDA July USDA 2016
Corn Production 13,841 13,590-14,070 14,255 15,148
Soybean Production 4,202 4,165-4,260 4,260 4,307
Corn Yield 166.0 162.8-168.5 170.7 174.6
Soybean Yield 47.4 46.9-48.0 48.0 52.1
Corn Soybean
Production Yield Production Yield
AgriSource 13,893 166.4 4,215 47.5
Agrivisor 13,777 165.0 4,188 47.2
Allendale 13,637 163.3 4,165 46.9
DC Analysis 13,813 165.6 4,223 47.6
Doane 13,795 166.0 4,170 47.0
EDF Man 14,028 168.0 4,213 47.5
Farm Futures 13,618 163.5 4,214 47.5
Futures INTL 13,836 166.4 4,170 47.1
Hueber Report 14,070 168.5 4,170 47.5
INTL FCStone 13,590 162.8 4,235 47.7
Sid Love Consultin 13,778 165.0 4,213 47.5
MaxYield 14,030 168.0 4,260 48.0
Northstar 13,848 165.8 4,185 47.5
Price Group 13,860 166.0 4,260 48.0
Prime Ag 13,945 167.0 4,169 47.0
RMC 13,946 167.0 4,216 47.5
US Commodities 13,836 166.5 4,168 47.2
Vantage RM 13,994 168.0 4,213 47.5
Western Milling 13,671 165.0 4,188 47.0
Zaner 13,860 166.0 4,196 47.3

DJ U.S. August Grain, Soybean Stockpiles Estimates — Survey
CHICAGO–The following are analysts’ estimates in millions of bushels for U.S. ending stockpiles for 2016-17 and 2017-18, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated supply and demand tables on Thursday at noon ET.
U.S. Stockpiles (millions)
2016-17
Average Range USDA July
Corn 2,366 2,320-2,400 2,370
Soybeans 401 370-430 410
Wheat 1,185 1,180-1,200 1,184
2017-18
Average Range USDA July
Corn 1,966 1,642-2,375 2,325
Soybeans 426 369-474 460
Wheat 907 806-948 938
2016-17 2017-18
Corn Soybeans Wheat Corn Soybeans Wheat
AgriSource 2,320 410 1,184 1,894 415 930
Agrivisor 2,360 395 1,184 1,787 423 905
Allendale 2,370 394 1,184 1,927 474 948
DC Analysis 2,380 391 N/A 1,993 456 901
Doane 2,320 430 1,184 1,870 465 903
EDF Man 2,370 410 N/A 2,375 440 938
Farm Futures 2,345 400 N/A 1,884 415 865
Futures INTL 2,380 410 N/A 2,324 410 901
Hueber Report 2,400 390 1180.0 2,220 410 930
INTL FCStone 2,363 395 1,184 1,642 466 868
Sid Love Consulting 2,370 420 1,184 1,848 423 913
MaxYield 2,370 370 1,200 1,900 420 925
Northstar 2,370 395 1,184 1,875 410 900
Price Group 2,340 400 1,184 1,920 450 885
Prime-Ag 2,370 410 1,184 2,015 369 806
RMC 2,370 410 1,184 1,996 440 938
US Commodities 2395 400 N/A 1,956 408 N/A
Vantage RM 2,385 400 1,184 2,081 405 945
Western Milling 2,395 381 1,184 1,816 404 894
Zaner Ag Hedge 2,345 410 1,184 1,995 416 943

DJ August World Grain, Soybean Stockpiles Estimates — Survey
CHICAGO–The following are analysts’ estimates in millions of metric tons for world grain and soybean ending stockpiles for 2016-17 and 2017-18, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated supply and demand tables on Thursday at noon ET.
World Stockpiles (million metric tons)
2016-17
Average Range USDA July
Corn 227.2 226.0-228.5 227.5
Soybeans 94.4 93.5-95.0 94.8
Wheat 258.1 256.0-261.0 258.1
2017-18
Average Range USDA July
Corn 194.7 183.0-200.1 200.8
Soybeans 92.2 89.0-94.0 93.5
Wheat 256.7 245.0-263.1 260.6
2016-17 2017-18
Corn Soybeans Wheat Corn Soybeans Wheat
Agrivisor 227.0 93.5 258.0 183.0 90.0 258.5
Allendale 227.3 94.2 258.1 193.9 93.6 263.1
Doane N/A 95.0 N/A N/A 92.5 N/A
EDF Man 227.5 95.0 N/A 199.0 93.0 258.0
Farm Futures 226.0 94.0 258.0 195.0 93.0 253.0
Futures INTL 227.5 93.5 257.0 196.0 89.0 257.0
Hueber Report 227.0 94.8 256.0 197.0 93.0 258.0
INTL FCStone 227.3 93.7 258.1 192.9 92.4 255.3
MaxYield 226.0 95.0 261.0 198.0 94.0 255.0
Northstar 228.0 94.8 259.0 190.0 92.5 259.0
Prime-Ag 227.0 95.0 258.0 195.0 92.0 245.0
RMC 227.0 94.7 257.6 200.1 93.5 260.1
Western Milling 228.0 94.2 258.0 198.0 93.0 259.0
Zaner Ag Hedge 228.5 94.0 258.1 193.5 89.9 256.2

DJ U.S. Wheat Production Estimates — Survey
CHICAGO–The following are analysts’ estimates for 2017-18 U.S. wheat production, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated production forecasts at noon on Thursday.
2017-18 WHEAT PRODUCTION
Average Range USDA July USDA 2016-17
All Wheat 1,713 1,550-1,784 1,760 2,310
Winter Wheat 1,278 1,258-1,293 1,279 1,672
Hard Red Winter 757 737-775 758 1,082
Soft Red Winter 306 300-310 306 345
White Winter 215 205-224 216 245
Other Spring 393 350-440 423 534
Durum 57 52-65 58 104
All Winter Other
Wheat Hard-Red Soft-Red White Spring Durum
Allendale 1784 1279 758 306 216 440 65
AgriVisor 1725 1270 760 300 210 395 60
DC Analysis 1711 1280 758 306 216 373 57
Doane 1742 1279 758 306 216 407 56
EDF Man 1761 1280 760 310 210 423 57
Farm Futures 1719 1279 746 309 224 376 64
Futures INTL 1729 N/A N/A N/A N/A 397 52
Hueber Report 1752 1279 758 306 216 418 55
INTL FCStone 1716 1278 757 306 216 382 55
MaxYield 1550 N/A N/A N/A N/A N/A N/A
Northstar 1715 1290 775 310 205 375 N/A
Sid Love Consultin 1735 1279 758 306 216 400 55
Price Group 1682 1280 753 307 220 350 52
Prime Ag 1628 N/A N/A N/A N/A N/A N/A
RMC 1740 1271 756 306 N/A N/A N/A
Vantage RM 1733 1258 737 300 216 418 58
Western Milling 1715 1279 758 306 216 377 55
Zaner Ag Hedge 1705 1293 767 308 218 359 53

Alerts History
• 10-Aug-2017 07:00:00 AM – BRAZIL’S 2016/17 SOYBEAN CROP SEEN AT 114 MLN TNS VS 113.92 MLN TNS FROM JULY FORECAST – AGRICULTURAL STATISTICS AGENCY CONAB
• 10-Aug-2017 07:00:00 AM – BRAZIL’S 2016/17 TOTAL CORN CROP FORECAST 97.2 MLN TNS VS PRIOR ESTIMATE OF 96 MLN TNS – CONAB
• 10-Aug-2017 07:00:00 AM – BRAZIL’S 2016/17 TOTAL GRAINS CROP SEEN AT 238.2 MLN TNS VS 237.2 MLN TNS IN JULY AND 186.6 MLN TNS LAST SEASON – CONAB
Brazil raises 2016/17 soybean output forecast to 114 mln T – Reuters News
10-Aug-2017 07:05:12 AM
SAO PAULO, Aug 10 (Reuters) – Conab, Brazil’s agricultural statistics and food supply agency, on Thursday raised its estimate for the country’s 2016/17 soybean crop to 114 million tonnes from 113.92 million tonnes in July, citing an increase in planted area.
The agency also reviewed its total corn estimate for the current season to 97.2 million tonnes from 96 million tonnes last month, also mentioning an increase in planted area.
Brazil’s total grain crop is expected to reach 238.2 million tonnes, 27.7 percent more than in the previous season due to favorable climate and productivity gains, Conab said.
(Reporting by Ana Mano; Editing by Chizu Nomiyama)

DJ U.S. Export Sales: Weekly Sales Totals – Aug 10
For the week ended Aug 3, 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. The
marketing year for corn, soybeans and sorghum begins Sep 1. The
marketing year for soy meal and soy oil begins Oct 1.
For rice and cotton, “this year” is the 2017-2018 marketing
year, which began Aug 1, while “last year” is 2016-2017.
Source: USDA
wk’s net change total
in commitments undlvd sales
this year next year this yr last yr this yr next yr
wheat 464.3 0.0 10527.6 10696.7 5145.9 0.0
hrw 233.1 0.0 3747.4 4293.0 1497.9 0.0
srw 16.5 0.0 1092.0 1029.8 640.9 0.0
hrs 138.0 0.0 2779.3 3336.4 1386.7 0.0
white 76.7 0.0 2705.6 1838.7 1493.4 0.0
durum 0.0 0.0 203.2 198.8 126.9 0.0
corn 52.0 628.4 56410.7 49630.1 4118.5 5066.6
soybeans 45.0 639.3 60806.3 52670.0 5397.3 7032.0
soymeal 6.0 136.5 10148.1 10382.4 1387.8 1187.2
soyoil 27.7 0.0 1084.3 1157.6 84.1 6.4
upland cotton 821.1-a 0.8 5943.0 3438.1 5829.0 465.9
pima cotton 44.2-b 0.0 191.0 182.6 185.7 0.0
sorghum -2.2 145.5 4831.4 8147.2 279.3 271.5
barley 0.0 0.0 36.3 11.8 30.3 0.0
rice 263.6-c 0.0 435.1 456.2 414.2 0.0
-a: Includes new sales activity for Aug 1-Aug 3 which resulted
in a net increase of 75.8 thousand metric tons. Also includes
745.3 thousand metric tons of undelivered sales carried over from
2016-2017.
-b: Includes new sales activity for Aug 1-Aug 3 which
resulted in a net increase of 1.4 thousand metric tons. Also includes
42.8 thousand metric tons of undelivered sales carried over from
2016-2017.
-c: Includes new sales activity for Aug 1-Aug 3 which
resulted in a net increase of 9.1 thousand metric tons. Also includes
254.5 thousand metric tons of undelivered sales carried over from
2016-2017.

DJ CBOT Delivery Intentions: Totals – Aug 10
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL August Aug. 11, 2017 147 Aug 08, 2017
SOYBEAN OIL August Aug. 11, 2017 127 Aug 07, 2017
SOYBEAN August Aug. 11, 2017 39 Aug 08, 2017

WHEAT
General Comments: US markets were a little higher in consolidation trading before the USDA reports that will be released today. Ideas are that US Wheat is relatively cheap in world markets, but a stronger US Dollar hurt those ideas. Minneapolis was higher as traders anticipate reduced production estimates for Spring Wheat. 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 and USDA will most likely issue its final progress report next week. The Spring Wheat harvest is increasing. 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, but there are reports of better weather now. 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.
Overnight News: The southern Great Plains should get some showers through the weekend. Temperatures should be near to below normal. Northern areas should get a few showers through the weekend. 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 mixed. Support is at 453, 443, and 441 September, with resistance at 464, 468, and 473 September. Trends in Kansas City are mixed. Support is at 457, 445, and 438 September, with resistance at 465, 471, and 472 September. Trends in Minneapolis are mixed. Support is at 721, 708, and 687 September, and resistance is at 748, 764, and 773 September.

RICE
General Comments: Rice closed higher once again as the market prepared for the USDA reports that will be released later this morning. Ideas are that USDA can show reduced production again, and will have some field data to work with the recent harvest in both Louisiana and Texas. The harvest is active in Louisiana and Texas. The quality appears to be good so far in Louisiana amid average to below average yields. Texas 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. 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.
Overnight News: The Delta should get scattered showers each day Temperatures should average near to below normal.
Chart Analysis: Trends are mixed. Support is at 1204, 1198, and 1181 September, with resistance at 1237, 1245, and 1252 September.

CORN AND OATS
General Comments: Corn closed higher in consolidation trading before the USDA reports later today. Just about everyone expects sub trend yields, and some yield estimates are below 165 bushels per acre. However, USDA might not 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. USDA could easily forecast a yield between 165 and 170 bushels per acre. 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 and some western areas have been too dry. These variable conditions are not changing for the short-term.
Overnight News:
Chart Analysis: Trends in Corn are mixed to up with objectives of 373, 379, and 405 September. Support is at 368, 367, and 365 September, and resistance is at 374, 377, and 379 September. Trends in Oats are down with objectives of 266 and 249 September. Support is at 269, 267, and 265 September, and resistance is at 274, 282, and 286 September.

SOYBEANS AND PRODUCTS
General Comments: Soybeans and Soybean Meal were lower, but Soybean Meal closed higher. There was not much going on as most were getting ready for the USDA reports that will be released later this morning. USDA showed slight improvement in crop condition in its reports on Monday night, but is expected by many to show a lower yield than what it used in its monthly supply and demand estimates last month. USDA 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. The Price Group trip to Central Illinois last weekend showed highly variable conditions and production potential for Soybeans. Some fields will not be harvested, and all fields showed short Soybeans plants even if the color and other factors were good. The Soybeans are just starting to flower now and have not yet set pods. The crop progress is well beyond last year. Wet weather in eastern areas has hurt Soybeans potential, although recent drier either 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:
Chart Analysis: Trends in Soybeans are mixed. Support is at 959, 949, and 948 September, and resistance is at 975, 976, and 978 September. Trends in Soybean Meal are mixed to down with objectives of 304.00 and 285.00 September. Support is at 305.00, 302.00, and 298.00 September, and resistance is at 313.00, 315.00, and 317.00 September. Trends in Soybean Oil are mixed to down with no objectives. Support is at 3380, 3320, and 3300 September, with resistance at 3440, 3530, and 3550 September.

CANOLA AND PALM OIL
General Comments: Canola was higher again yesterday 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 higher along with the outside markets. MPOB data was bearish. 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: ITS said that Malaysian Palm Oil exports are 355,069 tons so far this month, from 360,114 tons last month. SGS said that exports are now 363,007 tons, from 381,241 tons last month.
Chart Analysis: Trends in Canola are mixed. Support is at 505.00, 500.00, and 495.00 November, with resistance at 514.00, 529.00, and 535.00 November. Trends in Palm Oil are mixed to up with objectives of 2690, 2710, and 2780 October. Support is at 2620, 2600, and 2570 October, with resistance at 2660, 2700, and 2730 October.

MPOB Report:
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%
Actual as follows:
Production – 1.83 mil tonnes, Up 20.7%
Exports – 1.40 mil tonnes, Up 1.3%
Ending Stocks – 1.78 mil tonnes, Up 16.8%
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%

Midwest Weather Forecast: Showers today and tomorrow, but mostly dry weather for the next week. Temperatures should average below normal.

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
August 25-Sep 131 Sep 36 Sep 48 Nov minus 4 Sep
September 26-Sep 52 Sep 47 Nov
October 29-Dec 50 Dec487 Nov
All basis levels are positive unless noted as negative

Brazil Premiums Soybeans Soybean Meal Soybean Oil Corn
Paraguay Paraguay Paraguay Paraguay
August
September minus 24 Sep 47 Sep
October minus 18 Oct 35 Dec
All basis levels are positive unless noted as negative

DJ ICE Canada Cash Grain Close – Aug 9
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 485.70 up 5.40
Basis: Thunder Bay
1 Can 521.20 up 5.50
2 Can 508.20 up 5.50
Basis: Vancouver
1 Can 536.20 up 5.50
2 Can 523.20 up 5.50
FEED WHEAT
Lethbridge 205.00 unchanged
Can Feed 178.00 unchanged
WESTERN BARLEY
Lethbridge 197.00 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 AM Cash Market Prices for Palm Oil – August 10
The following are prices for Malaysian palm oil in the cash market at 0430 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
Aug 645.00 +02.50 Unquoted – –
Sep 645.00 +02.50 Unquoted – –
Oct/Nov/Dec 640.00 +02.50 Unquoted – –
Jan/Feb/Mar 650.00 +02.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Aug 650.00 +02.50 Unquoted – –
Sep 650.00 +02.50 Umquoted – –
Oct/Nov/Dec 645.00 +02.50 Unquoted – –
Jan/Feb/Mar 655.00 +02.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Aug 622.50 +02.50 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Aug 615.00 +02.50 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Aug 2,640.00 0.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Aug 280.00 +01.00 Unquoted – –
($1=MYR4.2920)

DJ China Dalian Grain Futures Closing Prices, Volume – Aug 10
Soybean No. 1
Turnover: 199,434 lots, or 7.94 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-17 3,867 3,891 3,856 3,878 3,867 3,876 9 22,932 38,226
Nov-17 3,935 3,948 3,928 3,928 3,915 3,935 20 20 12
Jan-18 3,978 4,015 3,970 3,995 3,976 3,993 17 174,878 206,944
Mar-18 3,952 3,987 3,952 3,979 3,986 3,979 -7 40 46
May-18 4,010 4,043 4,004 4,029 4,005 4,018 13 1,468 4,322
Jul-18 – – – 4,002 3,930 4,002 72 0 2
Sep-18 4,041 4,048 4,026 4,033 4,026 4,037 11 20 92
Nov-18 4,031 4,031 4,025 4,025 4,027 4,028 1 4 8
Jan-19 4,048 4,125 4,033 4,125 4,037 4,078 41 72 42
Corn
Turnover: 815,258 lots, or 13.95 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-17 1,681 1,686 1,677 1,683 1,680 1,680 0 161,484 374,002
Nov-17 1,724 1,724 1,702 1,707 1,703 1,711 8 190 548
Jan-18 1,714 1,724 1,711 1,718 1,702 1,716 14 632,410 1,194,580
Mar-18 1,726 1,728 1,710 1,725 1,707 1,712 5 250 1,160
May-18 1,763 1,771 1,758 1,768 1,745 1,763 18 20,888 153,116
Jul-18 1,782 1,782 1,765 1,776 1,759 1,776 17 36 100
Soymeal
Turnover: 1,203,692 lots, or 33.96 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 2,853 2,862 2,842 2,855 2,847 2,851 4 110,290 374,506
Nov-17 2,841 2,850 2,837 2,850 2,842 2,845 3 22 210
Dec-17 2,853 2,855 2,850 2,853 2,853 2,850 -3 84 590
Jan-18 2,820 2,835 2,810 2,829 2,817 2,822 5 1,029,814 1,757,888
Mar-18 – – – 2,757 2,757 2,757 0 0 356
May-18 2,745 2,758 2,736 2,750 2,740 2,745 5 63,470 247,366
Jul-18 2,765 2,765 2,747 2,759 2,759 2,756 -3 12 74
Palm Oil
Turnover: 729,816 lots, or 39.46 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 5,480 5,496 5,412 5,486 5,466 5,460 -6 57,762 129,598
Oct-17 – – – 5,452 5,452 5,452 0 0 4
Nov-17 – – – 5,460 5,460 5,460 0 0 8
Dec-17 – – – 5,454 5,454 5,454 0 0 2
Jan-18 5,426 5,442 5,340 5,418 5,412 5,400 -12 660,588 680,548
Feb-18 – – – 5,406 5,406 5,406 0 0 10
Mar-18 – – – 5,494 5,494 5,494 0 0 0
Apr-18 – – – 5,620 5,620 5,620 0 0 10
May-18 5,550 5,568 5,468 5,532 5,540 5,522 -18 11,452 45,370
Jun-18 – – – 5,564 5,564 5,564 0 0 12
Jul-18 5,598 5,626 5,556 5,626 5,632 5,612 -20 14 16
Soybean Oil
Turnover: 627,658 lots, or 39.31 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 6,158 6,186 6,092 6,178 6,144 6,138 -6 87,488 209,496
Nov-17 6,296 6,330 6,280 6,280 6,244 6,304 60 8 30
Dec-17 – – – 6,320 6,260 6,320 60 0 4
Jan-18 6,306 6,326 6,230 6,324 6,284 6,280 -4 528,000 720,454
Mar-18 – – – 6,266 6,266 6,266 0 0 0
May-18 6,426 6,436 6,336 6,422 6,400 6,384 -16 12,162 40,242
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.