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 USDA Report: Summary for Grain Stocks, Wheat Production
WASHINGTON–Following are key numbers from the USDA’s crop report Friday and how the government’s estimates compared to analysts’ forecasts in a Wall Street Journal survey.
U.S. Stockpiles on Sept. 1, 2017 (million bushels)
Actual Average USDA
USDA Forecast Range June 2017 Sept. 2016
Corn 2,295 2,349 2,310-2,380 5,229R 1,737
Soybeans 301 339 321-355 966R 197
Wheat 2,253 2,220 2,083-2,750 1,181R 2,545
****
U.S. Wheat Production (million bushels)
Actual Average
USDA Forecast Range USDA August USDA 2016
All Wheat 1,741 1,725 1,679-1,769 1,739 2,309
Winter Wheat 1,269 1,287 1,275-1,296 1,287 1,673
Hard Red Winter 750 758 749-765 758 1,082
Soft Red Winter 292 306 301-316 306 345
White Winter 227 223 216-228 223 245
Other Spring 416 389 343-420 402 532
Durum 55 50 39-55 51 104

DJ USDA Hogs And Pigs: U.S. Inventory, By Class, Weight-Sep 28
Hogs and Pigs: Inventory Number by Class, Weight Group,
and Quarter, United States, 2016-2017
==============================================================================
2017
Item 2016 2017 as a %
2016
==============================================================================
———– 1,000 Head ———– Percent
March 1 Inventory 1/
All Hogs and Pigs 68,124 70,671 104
Kept for Breeding 5,980 6,068 101
Market 62,144 64,603 104
Market Hogs and Pigs
by Weight Groups
Under 50 Pounds 19,897 20,407 103
50-119 Pounds 17,198 17,862 104
120-179 Pounds 13,819 14,435 104
180 Pounds and Over 11,229 11,899 106
June 1 Inventory 1/
All Hogs and Pigs 69,281 71,430 103
Kept for Breeding 5,979 6,069 102
Market 63,302 65,361 103
Market Hogs and Pigs
by Weight Groups
Under 50 Pounds 20,356 21,017 103
50-119 Pounds 18,198 18,831 103
120-179 Pounds 13,291 13,646 103
180 Pounds and Over 11,456 11,867 104
September 1 Inventory 1/
All Hogs and Pigs 71,786 73,549 102
Kept for Breeding 6,016 6,087 101
Market 65,770 67,462 103
Market Hogs and Pigs
by Weight Groups
Under 50 Pounds 21,215 21,568 102
50-119 Pounds 19,271 19,626 102
120-179 Pounds 13,600 14,129 104
180 Pounds and Over 11,683 12,139 104
December 1 Inventory 1/
All Hogs and Pigs 71,525
Kept for Breeding 6,090
Market 65,435
Market Hogs and Pigs
by Weight Groups
Under 50 Pounds 20,887
50-119 Pounds 18,102
120-179 Pounds 13,786
180 Pounds and Over 12,660
==============================================================================

DJ CBOT Delivery Intentions: Totals – Oct 2
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL October Oct. 03, 2017 71 Sep 26, 2017
SOYBEAN OIL October Oct. 03, 2017 161 Sep 28, 2017

WHEAT
General Comments: Wheat markets closed lower in response to the annual Small Grains Production Report that showed higher than expected Spring Wheat and All Wheat production. The trade had expected less Spring Wheat production, but USDAS estimated production higher and well above trade guesses. Minneapolis was lower as a result. Winter Wheat production was slightly less for Hard Red Winter and less for Soft Red Winter, but improved production for Durum and White Winter made the All Wheat production estimates go up slightly instead of go lower. The quarterly stocks estimate was also negative for prices as it showed bigger than expected supplies. Futures might still have limited downside potential right now. Ideas that demand can start to improve now as US prices are relatively cheap in the world market. US Wheat should be more attractive than many other origins into other markets due to price and currency relationships. World and US conditions are still far from perfect, and US planting of the next Winter Wheat crop has been slow to get started due to some dry conditions in parts of the Great Plains. It is also still dry in Australia and in parts of eastern Europe, and Argentina has been too wet.
Overnight News: The southern Great Plains should get showers Wednesday and Thursday. Temperatures should be above normal. Northern areas should get some showers tomorrow and Friday. Temperatures should be near to above normal late this week and cooler this weekend. The Canadian Prairies should see mostly dry weather today and tomorrow, then some rains and snows. Temperatures will trends to below normal.
Chart Analysis: Trends in Chicago are mixed to up with objectives of 463 and 483 December. Support is at 444, 442, and 436 December, with resistance at 455, 465, and 468 December. Trends in Kansas City are mixed. Support is at 441, 435, and 432 December, with resistance at 450, 460, and 465 December. Trends in Minneapolis are mixed. Support is at 615, 607, and 594 December, and resistance is at 645, 653, and 658 December.

COT — Supplemental Report – Option and Futures Combined Positions as of September 26, 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 533,550
: Positions :
: 95,202 189,800 152,983 95,943 123,898 146,953 18,991 491,081 485,672: 42,469 47,878
: Changes from: September 19, 2017 (Change in open interest: -14,717) :
: -4,686 -9,831 -7,944 1,616 2,934 -44 -241 -11,058 -15,082: -3,659 365
: Percent of Open Interest Represented by Each Category of Trader :
: 17.8 35.6 28.7 18.0 23.2 27.5 3.6 92.0 91.0: 8.0 9.0
: Total Traders: 437 Number of Traders in Each Category :
: 119 151 148 103 108 28 15 337 342:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of September 26, 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 282,723
: Positions :
: 80,012 74,089 39,453 77,927 136,234 59,830 8,929 257,222 258,706: 25,501 24,018
: Changes from: September 19, 2017 (Change in open interest: -5,819) :
: -4,000 -3,063 -3,301 410 465 141 -473 -6,750 -6,372: 931 553
: Percent of Open Interest Represented by Each Category of Trader :
: 28.3 26.2 14.0 27.6 48.2 21.2 3.2 91.0 91.5: 9.0 8.5
: Total Traders: 254 Number of Traders in Each Category :
: 69 53 59 79 80 21 7 192 179:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 26, 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 86,222 :
: Positions :
: 41,705 50,330 4,226 473 1,340 8,067 2,154 4,142 5,680 9,078 6,668 :
: Changes from: September 19, 2017 :
: -885 -850 370 1 196 -133 47 83 -478 -101 -547 :
: Percent of Open Interest Represented by Each Category of Trader :
: 48.4 58.4 4.9 0.5 1.6 9.4 2.5 4.8 6.6 10.5 7.7 :
: Number of Traders in Each Category Total Traders: 125 :
: 53 45 5 . 5 14 5 4 19 12 25 :
—————————————————————————————————————-

RICE
General Comments: Rice closed higher again Friday on follow through buying after finding buying interest just above the spike low seen a few days ago. The big move lower from a week ago is still a topic of the trade, and no one can really understand why it happened. Interior cash prices did not really respond to the futures moves and were reported generally steady on the week. The price action yesterday could be an indication that the current route is running its course and that a market recovery is possible in the coming week. The harvest advances even with ideas of decent yields and good quality. Delta harvest activity should wind down in the next couple of weeks and California will be the last to finish. Yields in California right now are lower than hoped for as the late start to planting appears to have created a short season and less yield potential. Field yields in the entire Rice Belt have been variable to good, and quality is generally called good. Arkansas and Missouri are very active under what seems to be good conditions.
Overnight News: The Delta should get mostly dry weather. Temperatures should average near to below normal.
Chart Analysis: Trends are mixed to down with no objectives. Support is at 1196, 1180, and 1170 November, with resistance at 1223, 1231, and 1245 November.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 26, 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 11,398 :
: Positions :
: 5,315 7,042 147 56 0 2,281 411 0 634 1,806 935 :
: Changes from: September 19, 2017 :
: 764 -240 -1 -75 0 -658 152 0 -275 -250 244 :
: Percent of Open Interest Represented by Each Category of Trader :
: 46.6 61.8 1.3 0.5 0.0 20.0 3.6 0.0 5.6 15.8 8.2 :
: Number of Traders in Each Category Total Traders: 70 :
: 16 18 . . 0 11 . 0 12 16 13 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn was higher in response to the smaller than expected stocks shown in the quarterly reports issued by USDA on Friday. Stocks were below all trade expectations and implied much stronger feed demand that had been anticipated. The US harvest is expanding and some forecasts for rains in Brazil over the weekend were keeping bullish traders on the sidelines. Harvest yield reports for Corn are strong as some fields in central and eastern areas of the Corn Belt are harvested. It is still early, and there are a lot more fields to be cut. Many traders expect more variable yields to be reported moving forward. Oats were a little higher in response to the production data from the small grains report. Temperatures are cooler now in the Midwest and are now closer to normals for the date. Temperatures will turn warmer again this week. Harvest progress should expand this week, but producers seem to be more interested in harvesting Soybeans right now instead of Corn. Brazil has been dry and some initial Soybeans planting has been delayed. This might delay or prevent some planting of the Winter crop in Brazil in some areas. The rains reported late last week and over the weekend were spotty, but should allow Soybeans to get planted and increase the chances for a bigger Winter Corn crop this year. Drier weather should return after tomorrow. Trends are sideways for Corn.
Overnight News: Mexico bought 597,464 tons of US Corn.
Chart Analysis: Trends in Corn are mixed. Support is at 354, 350, and 349 December, and resistance is at 358, 360, and 363 December. Trends in Oats are mixed. Support is at 244, 242, and 238 September, and resistance is at 253, 260, and 263 December.

COT — Supplemental Report – Option and Futures Combined Positions as of September 26, 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 1,756,920
: Positions :
: 247,970 407,751 412,801 482,034 670,248 370,390 45,990 1,513,195 1,536,791: 243,725 220,129
: Changes from: September 19, 2017 (Change in open interest: -28,635) :
: 1,477 3,941 -25,871 -11,529 -2,066 7,280 1,091 -28,643 -22,905: 8 -5,731
: Percent of Open Interest Represented by Each Category of Trader :
: 14.1 23.2 23.5 27.4 38.1 21.1 2.6 86.1 87.5: 13.9 12.5
: Total Traders: 790 Number of Traders in Each Category :
: 193 176 220 320 303 30 18 654 625:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 26, 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 7,141 :
: Positions :
: 1,199 4,061 262 300 0 775 105 0 1,080 346 1,559 :
: Changes from: September 19, 2017 :
: 234 220 -1 0 0 135 -18 0 -65 29 52 :
: Percent of Open Interest Represented by Each Category of Trader :
: 16.8 56.9 3.7 4.2 0.0 10.9 1.5 0.0 15.1 4.8 21.8 :
: Number of Traders in Each Category Total Traders: 37 :
: 8 12 . . 0 7 . 0 8 5 8 :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans and products were higher in reaction to the USDA quarterly stocks reports. The quarterly stocks report released by USDA on Friday was considered bullish to prices. Stocks were much lower than any trade estimate at 301 million bushels. USDA also released a new production estimate from a special survey, and the production estimate was lower instead of higher as had been anticipated by some in the trade. Producers are looking to harvest the Soybeans before the Corn. Yields have been variable, but very good in general. Some beneficial rains were reported in Brazil over the weekend, but these were few and far between in the north, they were mostly in the south.. It is planting time for Soybeans there, but many producers have not yet started as it has been too dry. The Soybeans harvest has started in a few sections of central and southern Illinois and Indiana, and yields so far have been strong. It is still very early and many more reports will be heard and will affect the price action over the next few weeks.
Overnight News: China bought 132,000 tons of US Corn.
Chart Analysis: Trends in Soybeans are mixed. Support is at 966, 958, and 956 November, and resistance is at 978, 988, and 997 November. Trends in Soybean Meal are mixed. Support is at 314.00, 310.00, and 308.00 December, and resistance is at 317.00, 321.00, and 325.00 December. Trends in Soybean Oil are down with objectives of 3160 December. Support is at 3250, 3220, and 3190 December, with resistance at 3330, 3360, and 3410 December.

COT — Supplemental Report – Option and Futures Combined Positions as of September 26, 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 819,398
: Positions :
: 93,663 111,066 219,988 298,090 365,552 150,270 25,251 762,010 721,857: 57,388 97,541
: Changes from: September 19, 2017 (Change in open interest: -1,939) :
: 3,719 -7,834 -12,862 2,935 18,612 2,349 -901 -3,859 -2,985: 1,920 1,046
: Percent of Open Interest Represented by Each Category of Trader :
: 11.4 13.6 26.8 36.4 44.6 18.3 3.1 93.0 88.1: 7.0 11.9
: Total Traders: 637 Number of Traders in Each Category :
: 148 204 249 175 202 28 17 504 544:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of September 26, 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 465,056
: Positions :
: 112,934 38,704 102,029 87,499 268,731 124,624 25,499 427,086 434,964: 37,970 30,092
: Changes from: September 19, 2017 (Change in open interest: -8,088) :
: -5,048 4,364 2,910 -3,985 -17,856 -1,048 1,408 -7,171 -9,173: -917 1,085
: Percent of Open Interest Represented by Each Category of Trader :
: 24.3 8.3 21.9 18.8 57.8 26.8 5.5 91.8 93.5: 8.2 6.5
: Total Traders: 322 Number of Traders in Each Category :
: 99 73 125 71 76 20 9 266 240:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of September 26, 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 402,229
: Positions :
: 50,529 60,012 69,871 133,799 217,514 104,412 23,556 358,610 370,953: 43,619 31,276
: Changes from: September 19, 2017 (Change in open interest: -13,322) :
: 2,905 -9,171 -9,502 -9,768 6,313 4,585 -146 -11,779 -12,507: -1,543 -815
: Percent of Open Interest Represented by Each Category of Trader :
: 12.6 14.9 17.4 33.3 54.1 26.0 5.9 89.2 92.2: 10.8 7.8
: Total Traders: 271 Number of Traders in Each Category :
: 63 64 91 88 89 23 14 229 216:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Canola was higher with Chicago. The market has been holding due to reduced production there. The harvest is active in most areas, and yield reports for now indicate better than expected production. Harvest progress should come to a halt in Alberta due to bad weather this weekend. Producers should enjoy some dry weather this week to allow for more active harvest progress. Palm Oil was lower again today on ideas of less demand. China is holiday this week so demand from that origin will be significantly less until late week at the earliest. Charts show that the move lower can be extended this week.
Overnight News: SGS said that Malaysian Palm Oil exports were 1.384 million tons in September, from 1.259 million in August. ITS said that exports were 1.372 million tons in September, from 1.243 million in August.
Chart Analysis: Trends in Canola are mixed. Support is at 487.00, 483.00, and 480.00 November, with resistance at 495.00, 498.00, and 505.00 November. Trends in Palm Oil are mixed to down with no objectives. Support is at 2650, 2620, and 2590 December, with resistance at 2750, 2770, and 28600 December.

DJ Canadian Oilseed Processors Association Weekly Crush – Sep 29
WINNIPEG–The Canadian Oilseed Processors Association
reported the Canadian oilseed crush for the week ended September 27, 2017
as follows:
Figures are in metric tons. R-denotes revision.
Cumulative
Week 2017/18 2016/17 2017/18 2016/17
Ended Canola soybns
Sep 27 184,831 1,284,856 1,348,573 31,260 257,130 295,639
Sep 20 169,720 1,100,025 1,173,442 27,839 225,870 259,932
Sep 13 176,184 930,305 982,819 26,970 198,031 245,301
Sep 06 155,144 753,829 803,523 40,924 170,904 209,694
Aug 30 143,867 598,571 634,350 32,285 134,138 162,150
Crush Capacity Utilization
This week 2017/18 2016/17
Canola 83.4% 75.1% 80.3%
Soybeans 47.5% 50.6% 57.2
Source: Commodity News Service Canada (cnscanada@shaw.ca, or 204-414-
9084)

DJ Canadian Grain Handling Summary – Sep 29
WINNIPEG–The following are Canadian grain handling summary statistics
for the week ended September 24, 2017. Figures in thousands of metric tons.
Source: Canadian Grain Commission.
Durum
Wheat Oats Barley Flax Canola Peas Corn Total*
COMMERCIAL STOCKS
This week 3293.3 682.4 221.6 278.3 66.1 1410.9 435.7 44.8 6806.6
Week ago 3280.2 654.8 240.8 282.9 63.9 1294.0 493.6 48.1 6691.8
Year ago 2358.4 490.0 186.4 205.9 58.4 1247.3 512.8 129.9 5718.2
PRODUCER DELIVERIES
This Week 310.7 54.5 41.6 38.9 6.3 497.9 50.2 7.1 1109.2
Week Ago 402.5 72.8 64.9 51.8 5.3 591.1 71.6 3.2 1368.1
To Date 2898.8 524.0 475.4 360.9 35.4 2934.6 1056.5 55.6 8782.6
Year Ago 2625.7 435.9 359.5 293.2 41.1 2728.1 1589.3 48.8 8811.0
TERMINAL RECEIPTS
This Week 390.6 86.7 0.8 40.7 0.5 375.7 114.6 0.8 1048.5
Week Ago 270.0 50.0 0.1 28.9 0.9 266.3 127.2 0.6 764.1
To Date 3182.6 743.2 15.6 198.4 17.8 1310.5 651.4 40.9 6330.0
Year Ago 3347.7 623.0 39.1 29.6 63.0 1221.7 1033.8 58.6 6825.3
EXPORTS
This Week 306.5 17.2 33.0 35.1 0.3 280.7 151.2 0.0 837.3
Week Ago 242.1 43.1 55.6 0.4 1.0 115.5 162.8 0.0 637.7
To Date 2424.7 593.5 272.5 220.5 33.9 1058.9 603.5 63.3 5406.8
Year Ago* 1845.9 403.1 238.3 2.3 58.0 1107.2 999.8 59.4 4991.4
DOMESTIC DISAPPEARANCE
This Week 323.6 4.8 5.2 27.8 1.3 188.4 3.1 11.0 589.9
Week Ago 115.3 7.3 4.5 27.1 1.4 148.6 3.9 13.8 342.8
To Date 1072.2 152.9 39.9 194.2 7.9 1190.2 34.6 90.1 2968.4
Year Ago* 438.5 48.9 70.5 216.5 7.9 1318.4 27.0 65.2 2359.5
*Totals include data from other crops not shown including rye soybeans
canary seed mustard seed beans lentils and chickpeas.
**Year Ago values for domestic disappearance and exports do not include
producer car volumes.
Source: Commodity News Service Canada (cnscanada@shaw.ca, or 204-414-9084)

Midwest Weather Forecast: Mostly dry, with any precipitation confined to northern areas. This rain moves southeast over the middle of the week Temperatures will average above normal early in the week and near to below normal late in the week.

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
October 39 Dec 180 Dec 45 Dec 41 Nov 4-Oct
November 38 Dec 50 Dec 42 Nov
December 41 Dec 58 Dec 40 Nov
All basis levels are positive unless noted as negative

Brazil Premiums Soybeans Soybean Meal Soybean Oil Corn
Paraguay Paraguay Paraguay Paraguay
October minus 17 Dec 45 Dec
November minus 17 Dec 48 Dec
December minus 17 Dec 60 Dec
All basis levels are positive unless noted as negative

DJ ICE Canada Cash Grain Close – Sep 29
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 470.80 dn 1.90
Basis: Thunder Bay
1 Can 502.40 up 1.60
2 Can 489.40 up 1.60
Basis: Vancouver
1 Can 517.40 up 1.60
2 Can 504.40 up 1.60
FEED WHEAT
Lethbridge 210.00 unchanged
Can Feed n/a
WESTERN BARLEY
Lethbridge 209.00 dn 1.00
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 – October 2
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
Oct 670.00 -02.50 Unquoted – –
Nov 667.50 -02.50 Unquoted – –
Dec 665.00 -05.00 Unquoted – –
Jan/Feb/Mar 662.50 -02.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Oct 675.00 -02.50 Unquoted – –
Nov 672.50 -02.50 Unquoted – –
Dec 670.00 -05.00 Unquoted – –
Jan/Feb/Mar 667.50 -02.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Oct 677.50 -02.50 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Oct 632.50 -02.50 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Oct 2,710 -20.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Oct 332.00 -03.00 Unquoted – –
($1=MYR4.2320)
Questions? Ask Jack Scoville today at 312-264-4322

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