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 – Oct 9
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL October Oct. 10, 2017 66 Sep 29, 2017
SOYBEAN OIL October Oct. 10, 2017 57 Oct 05, 2017

WHEAT
General Comments: Wheat markets closed a little higher in Chicago, and higher in Minneapolis in consolidation trading. Futures were still a little lower for the week in Chicago and about unchanged in Minneapolis. The Chicago markets are trying to hold a seasonal rally together, while Minneapolis looks to form a bottom after the big fall in prices over the last several weeks.. Export sales have been holding, but have not been strong enough to create much speculative buying. World prices remain firm, and some say that demand can start to improve 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. 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 today, then dry weather. Temperatures should be above normal. Northern areas should get dry weather. Temperatures should be below normal today and tomorrow, then near to above normal. The Canadian Prairies should see mostly dry weather until a chance for Snow appears on Friday. Temperatures will average below normal.
Chart Analysis: Trends in Chicago are mixed to down with objectives of 412 December. Support is at 436, 431, and 429 December, with resistance at 450, 455, and 465 December. Trends in Kansas City are mixed to down with objectives of 428, 419, and 417 December. Support is at 432, 426, and 420 December, with resistance at 444, 447, and 451 December. Trends in Minneapolis are mixed to down with objectives of 599, 584, and 567 December. Support is at 618, 606, and 594 December, and resistance is at 626, 645, and 653 December.

COT — Supplemental Report – Option and Futures Combined Positions as of October 03, 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 552,053
: Positions :
: 95,091 181,770 163,802 107,248 138,002 144,786 19,654 510,926 503,228: 41,126 48,825
: Changes from: September 26, 2017 (Change in open interest: 18,503) :
: -111 -8,030 10,819 11,305 14,104 -2,167 663 19,846 17,556: -1,342 947
: Percent of Open Interest Represented by Each Category of Trader :
: 17.2 32.9 29.7 19.4 25.0 26.2 3.6 92.6 91.2: 7.4 8.8
: Total Traders: 440 Number of Traders in Each Category :
: 123 150 158 103 107 26 15 345 347:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of October 03, 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 286,314
: Positions :
: 75,334 72,922 43,387 83,023 135,028 59,478 9,568 261,222 260,905: 25,091 25,409
: Changes from: September 26, 2017 (Change in open interest: 3,591) :
: -4,677 -1,167 3,934 5,095 -1,207 -352 639 4,000 2,200: -409 1,391
: Percent of Open Interest Represented by Each Category of Trader :
: 26.3 25.5 15.2 29.0 47.2 20.8 3.3 91.2 91.1: 8.8 8.9
: Total Traders: 255 Number of Traders in Each Category :
: 67 55 68 80 77 19 5 197 182:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 3, 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 84,318 :
: Positions :
: 41,191 48,302 3,942 277 1,857 7,316 1,933 4,741 5,540 7,103 5,441 :
: Changes from: September 26, 2017 :
: -515 -2,028 -284 -196 517 -751 -221 598 -140 -1,975 -1,227 :
: Percent of Open Interest Represented by Each Category of Trader :
: 48.9 57.3 4.7 0.3 2.2 8.7 2.3 5.6 6.6 8.4 6.5 :
: Number of Traders in Each Category Total Traders: 112 :
: 54 37 5 . 5 13 7 5 14 11 18 :
—————————————————————————————————————-

RICE
General Comments: Rice closed a little lower on Friday and a little lower for the week as the harvest starts to wind down and as the market looks for some new buying interest. Interior cash prices are reported generally steady through last week, and reports indicate that selling by producers has been limited as they hope for another push to higher prices. There has been some limited selling by producers, but mostly at prices well above futures levels. The harvest is winding down with ideas of decent yields and good quality. California will be the last to finish. Mississippi and Missouri are the states with the most to harvest in the Delta, but should be about finished now, as will any remaining harvest in Arkansas. 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.
Overnight News: The Delta should get scattered showers at midweek and again this weekend. Temperatures should average near to above normal.
Chart Analysis: Trends are mixed to down with objectives of 1151 and 1101 November. Support is at 1180, 1170, and 1167 November, with resistance at 1201, 1208, and 1217 November.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 3, 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 11,412 :
: Positions :
: 5,679 6,926 156 0 0 1,669 443 0 520 1,651 1,335 :
: Changes from: September 26, 2017 :
: 364 -116 9 -56 0 -612 32 0 -114 -155 400 :
: Percent of Open Interest Represented by Each Category of Trader :
: 49.8 60.7 1.4 0.0 0.0 14.6 3.9 0.0 4.6 14.5 11.7 :
: Number of Traders in Each Category Total Traders: 70 :
: 17 18 . 0 0 9 . 0 16 14 16 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn was a little higher again on Friday amid ideas of better rainfall in the Midwest to ease some of the low river levels and allow for easier transportation of crops and as farmers concentrate on the Soybeans harvest at the expense of Corn. Reports indicate that farmers are not really selling due to expanding harvest activity and on weak basis levels being paid in some areas. Areas near the Mississippi River are still reporting very weak basis levels as there is little transport from the northern half of the river right now. Minnesota and Wisconsin saw a lot of rain last week, and there are hopes that river levels sill start to rise again and permit easier shipping of the crops. Ohio River transportation has been stalled due to some lock and dam problems. The lack of rain in the Corn Belt has cause driver levels to be too low to haul grain. Harvest yield reports for Corn are strong as some fields in central and eastern areas of the Corn Belt are harvested. Many traders expect more variable yields to be reported moving forward. Harvest progress should expand this week
Overnight News:
Chart Analysis: Trends in Corn are mixed to down with objectives of 341 and 333 December. Support is at 346, 344, and 340 December, and resistance is at 351, 356, and 358 December. Trends in Oats are mixed. Support is at 246, 244, and 242 September, and resistance is at 253, 254, and 260 December.

COT — Supplemental Report – Option and Futures Combined Positions as of October 03, 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 1,804,698
: Positions :
: 244,534 415,087 439,764 500,645 677,699 378,422 46,658 1,563,365 1,579,208: 241,332 225,490
: Changes from: September 26, 2017 (Change in open interest: 47,778) :
: -3,436 7,336 26,962 18,611 7,450 8,033 668 50,171 42,417: -2,393 5,361
: Percent of Open Interest Represented by Each Category of Trader :
: 13.5 23.0 24.4 27.7 37.6 21.0 2.6 86.6 87.5: 13.4 12.5
: Total Traders: 801 Number of Traders in Each Category :
: 189 197 227 317 306 28 16 650 647:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 3, 2017
: Reportable Positions :
:————————————————————————————————————- :
: Producer/Merchant : : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables :
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading :
—————————————————————————————————————-
OATS – CHICAGO BOARD OF TRADE (CONTRACTS OF 5,000 BUSHELS) :
CFTC Code #004603 Open Interest is 6,831 :
: Positions :
: 890 4,073 266 0 0 979 63 0 915 417 1,541 :
: Changes from: September 26, 2017 :
: -309 11 4 -300 0 204 -42 0 -165 71 -18 :
: Percent of Open Interest Represented by Each Category of Trader :
: 13.0 59.6 3.9 0.0 0.0 14.3 0.9 0.0 13.4 6.1 22.6 :
: Number of Traders in Each Category Total Traders: 36 :
: 8 12 . 0 0 8 . 0 7 5 8 :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans were higher and Soybean Meal was higher in response to a strong weekly export sales report. Soybean Oil was a Little lower. Ideas that China will start to buy again this week also supported Soybeans. The country was closed last week for the annual harvest moon festival. The harvest is active in areas east of the Mississippi River, while areas to the west of the river have very little work done. The yield data was not super strong in many places and generally runs behind year ago levels. Producers are looking to harvest the Soybeans before the Corn as they hope to let the Corn dry down in the fields and save on drying costs. Harvest activities were interrupted late last week and over the weekend as rains moved through the Midwest. The rains will slow the harvest for a couple of days, but the rains were needed to help river levels improve for shipping crops to export terminals and other areas. It remains too dry for best planting in the northern half of Brazil, while the southern half of Brazil and the northern half of Argentina get too much rain.. It is planting time for Soybeans there, but progress is very slow right now.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed. Support is at 960, 950, and 947 November, and resistance is at 978, 988, and 997 November. Trends in Soybean Meal are mixed to up with objectives of 319.00 and 325.00 Decmber. Support is at 313.00, 310.00, and 308.00 December, and resistance is at 321.00, 325.00, and 326.00 December. Trends in Soybean Oil are mixed to down with objectives of 3160 December. Support is at 3280, 3230, and 3220 December, with resistance at 3340, 3360, and 3390 December.

COT — Supplemental Report – Option and Futures Combined Positions as of October 03, 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 848,692
: Positions :
: 95,814 111,410 224,913 315,993 383,690 151,452 28,489 788,172 748,502: 60,520 100,190
: Changes from: September 26, 2017 (Change in open interest: 29,294) :
: 2,152 344 4,925 17,903 18,138 1,182 3,238 26,162 26,645: 3,132 2,649
: Percent of Open Interest Represented by Each Category of Trader :
: 11.3 13.1 26.5 37.2 45.2 17.8 3.4 92.9 88.2: 7.1 11.8
: Total Traders: 643 Number of Traders in Each Category :
: 167 194 253 171 202 26 16 511 546:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of October 03, 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 450,331
: Positions :
: 88,583 57,797 112,225 95,836 225,734 119,551 24,554 416,195 420,310: 34,136 30,021
: Changes from: September 26, 2017 (Change in open interest: -14,725) :
: -24,351 19,092 10,196 8,337 -42,997 -5,073 -945 -10,891 -14,654: -3,833 -70
: Percent of Open Interest Represented by Each Category of Trader :
: 19.7 12.8 24.9 21.3 50.1 26.5 5.5 92.4 93.3: 7.6 6.7
: Total Traders: 324 Number of Traders in Each Category :
: 81 92 133 69 71 20 9 260 253:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of October 03, 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 397,951
: Positions :
: 51,909 56,910 73,176 124,509 212,067 104,384 24,807 353,979 366,960: 43,972 30,990
: Changes from: September 26, 2017 (Change in open interest: -4,279) :
: 1,380 -3,102 3,305 -9,289 -5,446 -27 1,251 -4,632 -3,992: 353 -286
: Percent of Open Interest Represented by Each Category of Trader :
: 13.0 14.3 18.4 31.3 53.3 26.2 6.2 89.0 92.2: 11.0 7.8
: Total Traders: 272 Number of Traders in Each Category :
: 60 71 85 85 85 23 14 219 216:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Canola was a little higher on Chicago Price action. Support is also coming as recent rains and snow in the Prairies have created concerns of harvest delays. The delays are of biggest concern in Alberta, while Saskatchewan reported that yields are about at historical averages amid faster than normal harvest progress. The cash market is said to be well supplied right now as farmers have been delivering Canola. Palm Oil was higher on speculative buying tied to the outside markets and hopes for lower stocks levels in the MPOB reports on Wednesday. Ideas continue that production is trending seasonally lower and that stocks at the end of last month could be lower. 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:
Chart Analysis: Trends in Canola are mixed to up with objectives of 499.00 November. Support is at 493.00, 490.00, and 487.00 November, with resistance at 498.00, 503.00, and 507.00 November. Trends in Palm Oil are mixed to down with no objectives. Support is at 2690, 2650, and 2620 December, with resistance at 2750, 2770, and 28600 December.

DJ Canadian Oilseed Processors Association Weekly Crush – Oct 6
WINNIPEG — The Canadian Oilseed Processors Association
reported the Canadian oilseed crush for the week ended October 4, 2017 as
follows:
Figures are in metric tons. R-denotes revision.
Cumulative
Week 2017/18 2016/17 2017/18 2016/17
Ended Canola soybns
Oct 04 197,153 1,479,366 1,557,013 48,331 298,583 345,646
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
Crush Capacity Utilization
This week 2017/18 2016/17
Canola 89.0% 77.2% 82.9%
Soybeans 73.5% 52.5% 59.8%
Source: Commodity News Service Canada (cnscanada@shaw.ca, or 204-414-9084)

DJ Canadian Grain Handling Summary – Oct 6
WINNIPEG–The following are Canadian grain handling summary statistics
for the week ended October 1, 2017. Figures in thousands of metric tons.
Source: Canadian Grain Commission.
Durum
Wheat Oats Barley Flax Canola Peas Corn Total*
COMMERCIAL STOCKS
This week 3248.6 708.6 214.2 268.8 68.9 1285.7 370.9 40.8 6764.9
Week ago 3293.3 682.4 221.6 278.3 66.1 1410.9 435.7 44.8 6806.6
Year ago 2442.4 499.6 187.6 211.3 58.0 1478.3 489.6 128.1 6282.0
PRODUCER DELIVERIES
This Week 364.4 53.9 46.2 70.8 7.6 581.1 30.6 7.7 1347.4
Week Ago 310.7 54.5 41.6 38.9 6.3 497.9 50.2 7.1 1109.2
To Date 3284.1 577.9 518.7 432.7 42.8 3527.5 1096.0 63.3 10169.4
Year Ago 3027.2 551.9 417.0 365.3 46.3 3353.6 1677.0 52.3 10514.5
TERMINAL RECEIPTS
This Week 317.3 97.8 4.2 16.4 5.2 326.0 72.9 0.6 1022.3
Week Ago 390.6 86.7 0.8 40.7 0.5 375.7 114.6 0.8 1048.5
To Date 3499.9 840.9 19.8 214.9 23.0 1667.1 724.2 41.5 7382.9
Year Ago 3846.1 716.7 39.1 61.6 64.0 1496.8 1115.8 59.2 7998.7
EXPORTS
This Week 301.4 47.4 46.1 40.0 0.7 338.4 138.6 0.0 941.3
Week Ago 306.5 17.2 33.0 35.1 0.3 280.7 151.2 0.0 837.3
To Date 2726.3 641.0 314.1 260.5 34.7 1397.4 742.1 63.3 6343.9
Year Ago**2253.7 407.1 265.3 49.7 58.4 1251.9 1151.3 59.4 5909.5
DOMESTIC DISAPPEARANCE – Revision to wheat is due to licensee reporting error
This Week 138.6 14.3 2.9 24.8 1.3 167.2 2.8 12.4 387.7
Week Ago 323.6 4.8 5.2 27.8 1.3 188.4 3.1 11.0 589.9
To Date 1006.9 167.2 42.9 219.8 9.1 1369.3 37.8 102.5 3166.2
Year Ago** 504.4 52.8 76.6 241.1 8.7 1508.7 30.7 71.1 2687.1
*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)

Trade Estimates for the Monthly MPOB Supply and Demand Report:
Observation period : September
Frequency : Monthly
Release date : Tuesday, 10 Oct
Forecast as follows:
Production – 1.83 mil tonnes, Up 1.1%
Exports – 1.61 mil tonnes, Up 8.1%
Ending Stocks – 2.00 mil tonnes, Up 3.1%
Prior reading as follows:
Production – 1.81 mil tonnes, Down 0.9%
Exports – 1.49 mil tonnes, UP 6.4%
Ending Stocks – 1.94 mil tonnes, Up 8.8%

Midwest Weather Forecast: Showers and rains move from west to east at midweek and again over the weekend. Temperatures will average near to mostly above normal.

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
October 33 Dec 180 Dec 45 Dec 26-Nov 4-Dec
November 35 Dec 55 Dec 36 Nov
December 39 Dec 58 Dec 37 Jan
All basis levels are positive unless noted as negative

Brazil Premiums Soybeans Soybean Meal Soybean Oil Corn
Paraguay Paraguay Paraguay Paraguay
October 47 Dec
November 80 November minus 17 Dec 48 Dec
December minus 17 Dec 58 Dec
All basis levels are positive unless noted as negative

DJ ICE Canada Cash Grain Close – Oct 6
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 475.20 up 1.80
Basis: Thunder Bay
1 Can 506.70 up 1.50
2 Can 493.70 up 1.50
Basis: Vancouver
1 Can 521.70 up 1.50
2 Can 508.70 up 1.50
FEED WHEAT
Lethbridge 211.00 unchanged
Can Feed N/A
WESTERN BARLEY
Lethbridge 208.00 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 – Oct 9
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 682.50 00.00 Unquoted – –
Nov 682.00 00.00 Unquoted – –
Dec 682.50 +02.50 Unquoted – –
Jan/Feb/Mar 672.50 -02.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Oct 687.50 00.00 Unquoted – –
Nov 687.00 00.00 Unquoted – –
Dec 687.50 +02.50 Unquoted – –
Jan/Feb/Mar 677.50 -02.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Oct 685.00 00.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Oct 637.50 -02.50 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Oct 2,750 +10.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Oct 340 +02.00 Unquoted – –
($1=MYR 4.2320

DJ China Dalian Grain Futures Closing Prices, Volume – Oct 09
Soybean No. 1
Turnover: 144,692 lots, or 5.51 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-17 – – – 3,718 3,718 3,718 0 0 90
Jan-18 3,835 3,844 3,790 3,827 3,828 3,806 -22 137,090 239,312
Mar-18 – – – 3,825 3,825 3,825 0 0 24
May-18 3,858 3,862 3,822 3,859 3,845 3,833 -12 7,484 17,090
Jul-18 4,129 4,129 3,847 3,847 3,920 3,988 68 4 6
Sep-18 3,895 3,899 3,867 3,899 3,882 3,877 -5 94 612
Nov-18 – – – 3,888 3,893 3,888 -5 0 2
Jan-19 3,938 3,957 3,920 3,935 3,920 3,939 19 20 110
Mar-19 – – – 3,941 3,941 3,941 0 0 0
Corn
Turnover: 936,222 lots, or 15.72 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-17 1,659 1,659 1,629 1,631 1,651 1,637 -14 36 930
Jan-18 1,680 1,683 1,665 1,666 1,692 1,672 -20 796,326 924,436
Mar-18 1,700 1,700 1,671 1,682 1,694 1,681 -13 382 1,138
May-18 1,733 1,733 1,712 1,715 1,736 1,719 -17 133,608 290,620
Jul-18 1,750 1,751 1,742 1,742 1,754 1,744 -10 382 522
Sep-18 1,761 1,761 1,738 1,740 1,756 1,748 -8 5,488 18,292
Soymeal
Turnover: 866,316 lots, or 24.05 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-17 2,896 2,896 2,821 2,827 2,800 2,855 55 60 234
Dec-17 2,802 2,802 2,791 2,791 2,757 2,797 40 20 386
Jan-18 2,780 2,803 2,775 2,782 2,751 2,785 34 705,360 1,609,128
Mar-18 2,806 2,806 2,778 2,778 2,748 2,786 38 18 276
May-18 2,726 2,749 2,723 2,729 2,702 2,734 32 155,840 685,088
Jul-18 2,763 2,763 2,762 2,762 2,732 2,762 30 4 220
Aug-18 – – – 2,733 2,733 2,733 0 0 174
Sep-18 2,748 2,767 2,748 2,753 2,728 2,755 27 5,014 33,024
Palm Oil
Turnover: 331,478 lots, or 18.52 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Oct-17 – – – 5,600 5,600 5,600 0 0 0
Nov-17 – – – 5,698 5,698 5,698 0 0 4
Dec-17 – – – 5,600 5,600 5,600 0 0 2
Jan-18 5,574 5,620 5,558 5,582 5,512 5,588 76 289,002 398,558
Feb-18 – – – 5,654 5,578 5,654 76 0 4
Mar-18 – – – 5,604 5,528 5,604 76 0 2
Apr-18 – – – 5,584 5,584 5,584 0 0 10
May-18 5,550 5,596 5,538 5,552 5,502 5,564 62 42,276 103,188
Jun-18 – – – 5,562 5,528 5,562 34 0 6
Jul-18 – – – 5,616 5,554 5,616 62 0 4
Aug-18 – – – 5,656 5,594 5,656 62 0 2
Sep-18 5,500 5,524 5,480 5,490 5,444 5,498 54 200 2,740
Soybean Oil
Turnover: 208,070 lots, or 12.76 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-17 6,104 6,104 6,104 6,104 6,448 6,104 -344 2 28
Dec-17 – – – 5,688 6,008 5,688 -320 0 12
Jan-18 6,130 6,148 6,102 6,110 6,074 6,120 46 181,278 653,764
Mar-18 – – – 6,116 6,072 6,116 44 0 4
May-18 6,234 6,258 6,206 6,222 6,192 6,228 36 26,658 117,136
Jul-18 – – – 6,418 6,382 6,418 36 0 4
Aug-18 – – – 6,432 6,396 6,432 36 0 6
Sep-18 6,312 6,324 6,282 6,298 6,274 6,300 26 132 1,148
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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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

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