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, Yield (million bushels, bushels per acre)
Average Range USDA Sept. USDA 2016
Corn Production 14,168 13,836-14,329 14,184 15,148
Corn Yield 169.7 167.0-171.2 169.9 174.6
Harvested Acres 83.5 82.9-84.0 83.5 86.7
Soybean Production 4,439 4,321-4,480 4,431 4,296
Soybean Yield 49.8 48.5-50.2 49.9 52.0
Harvested Acres 89.1 88.5-89.8 88.7 82.7
Corn Harvested Soybean Harvested
Production Yield Acres Production Yield Acres
Advanced Market 14,184 169.9 83.5 4,456 49.9 89.3
AgriSource 14,061 169.5 83.0 4,441 49.5 89.7
Agrivisor 14,169 169.7 83.5 4,444 49.8 89.2
Allendale 14,146 169.5 83.5 4,464 49.7 89.8
DC Analysis 14,153 169.7 83.4 4,453 49.8 89.4
Doane 14,027 168.0 83.5 4,465 50.0 89.3
EDF Man 14,236 170.5 83.5 4,478 50.2 89.2
Farm Futures 14,293 171.2 83.5 4,477 50.0 89.6
Hueber Report 14,060 168.7 83.3 4,400 49.6 88.6
INTL FCStone 14,162 169.2 83.7 4,461 49.9 89.4
Sid Love Consultin 14,127 170.0 83.1 4,425 50.0 88.5
MaxYield 14,310 170.4 84.0 4,480 50.0 89.5
North Star Commodi 14,211 170.2 83.5 4,335 49.1 88.7
Price Group 14,160 169.5 83.5 4,468 50.2 89.0
Prime Ag 14,184 169.9 83.5 4,431 49.9 88.7
RMC 14,288 170.4 83.5 4,431 49.9 88.7
US Commodities 14,203 170.0 83.5 4,437 50.0 88.7
Vantage RM 14,211 170.2 83.5 4,445 50.1 88.7
Western Milling 13,836 167.0 82.9 4,321 48.5 89.1
Zaner 14,329 171.2 83.7 4,463 50.2 88.9

DJ U.S. October Grain, Soybean Stockpiles Estimates — Survey
CHICAGO–The following are analysts’ estimates in millions of bushels for U.S. ending stockpiles for 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)
2017-18
Average Range USDA Sept.
Corn 2,249 1,985-2,450 2,335
Soybeans 453 375-503 475
Wheat 946 928-971 933
2017-18
Corn Soybeans Wheat
Advanced Market 2,253 456 955
AgriSource 2,136 425 945
Agrivisor 2,239 435 959
Allendale 2,304 475 944
DC Analysis 2,123 481 953
Doane 2,092 500 933
EDF Man 2,385 500 963
Farm Futures 2,223 430 928
Hueber Report 2,168 429 950
INTL FCStone 2,245 462 939
Sid Love Consulting 2,173 401 934
MaxYield 2,450 425 933
North Star Commodity 2,350 375 950
Price Group 2,230 463 954
Prime-Ag 2,280 430 935
RMC 2,335 475 933
US Commodities 2,203 477 947
Vantage RM 2,375 470 950
Western Milling 1,985 503 934
Zaner Ag Hedge 2,425 443 971
AVERAGE 2,249 453 946
USDA Sept. 2,335 475 933

DJ October 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 Sept.
Corn 226.4 225.0-229.5 227.0
Soybeans 95.2 94.5-96.4 96.0
Wheat 252.4 225.5-256.2 255.8
2017-18
Average Range USDA Sept.
Corn 201.5 196.7-204.0 202.5
Soybeans 96.5 93.9-98.0 97.5
Wheat 262.9 258.0-265.4 263.1

2016-17 2017-18
Corn Soybeans Wheat Corn Soybeans Wheat
Advanced Market 225.5 95.0 225.5 200.5 97.0 262.0
Agrivisor N/A N/A N/A 201.0 96.5 263.4
Allendale 226.5 95.2 255.7 201.9 96.9 264.4
Doane N/A 95.0 N/A N/A 97.0 N/A
EDF Man 226.0 94.5 N/A 204.0 98.0 265.0
Farm Futures 226.0 95.0 N/A 203.1 97.0 262.0
Hueber Report 226.0 96.4 256.0 201.5 97.3 261.5
INTL FCStone 225.8 94.8 255.7 196.7 93.9 261.6
MaxYield 229.5 95.0 256.0 204.0 96.0 264.0
North Star Comm 226.0 95.0 256.0 203.0 95.0 264.0
Prime-Ag 225.0 95.0 255.0 201.0 97.0 258.0
RMC 227.0 96.0 256.2 202.6 97.5 263.4
US Commodities 226.5 95.5 N/A 201.4 97.0 264.0
Western Milling 227.0 96.0 255.8 201.0 96.0 262.0
Zaner Ag Hedge 225.8 94.9 N/A 199.4 95.7 265.4

Crop Progress
Date 8-Oct 1-Oct 2016 Avg
Cotton Bolls Opening 72 67 79 78
Cotton Harvested 25 17 21 19
Corn Mature 82 68 92 87
Corn Harvested 22 17 33 37
Soybeans Dropping Leaves 89 80 90 87
Soybeans Harvested 36 22 41 43
Sorghum Coloring 97 94 99 97
Sorghum Mature 69 60 80 73
Sorghum Harvested 35 34 47 43
Rice Harvested 85 77 88 80
Sugar beets Harvested 42 22 35 44
Peanuts Harvested 39 25 40 32
Winter Wheat Planted 48 36 57 58
Winter Wheat Emerged 25 12 32 30
Sunflowers Harvested 6 11 12

Crop Condition
Very Poor Fair Good Very Good
Cotton This Week 8 7 25 42 18
Cotton Last Week 7 9 27 42 15
Cotton Last Year 4 12 36 39 9
Corn This Week 3 8 25 49 15
Corn Last Week 3 9 25 49 14
Corn Last Year 2 6 19 53 20
Soybeans This Week 3 9 27 49 12
Soybeans Last Week 3 9 28 48 12
Soybeans Last Year 2 5 19 54 20
Sorghum This Week 2 6 28 52 12
Sorghum Last Week 2 6 28 52 12
Sorghum Last Year 1 5 29 51 14
Peanuts This Week 2 6 20 53 19
Peanuts Last Week 1 5 19 56 19
Peanuts Last Year 2 9 31 45 13
Pasture and Range This Week 9 16 34 37 4
Pasture and Range Last week 10 16 33 36 5
Pasture and Range Last Year 6 13 32 42 7

DJ USDA Grain Inspections for Export in Metric Tons – Oct 10
COUNTRY OF DESTINATION IS REPORTED AS KNOWN AT THE TIME OF EXPORTATION.
INFORMATION CONTAINED IN THIS REPORT REFLECTS EXPORTED GRAIN INSPECTED AND
WEIGHED THROUGH GIPSA’S AUTHORITY UNDER THE U.S. GRAIN STANDARDS ACT.
NO ADDITIONAL ANALYSIS, COMPILATIONS OR DATA IS AVAILABLE.
GRAINS INSPECTED AND/OR WEIGHED FOR EXPORT
REPORTED IN WEEK ENDING OCT 05, 2017
— METRIC TONS —
————————————————————————-
CURRENT PREVIOUS
———– WEEK ENDING ———- MARKET YEAR MARKET YEAR
GRAIN 10/05/2017 09/28/2017 10/06/2016 TO DATE TO DATE
BARLEY 392 0 0 14,514 24,258
CORN 524,168 853,700 1,162,178 3,523,774 6,936,370
FLAXSEED 24 24 0 3,671 3,414
MIXED 0 0 0 0 0
OATS 0 499 100 3,094 4,999
RYE 0 0 0 0 0
SORGHUM 117,431 1,713 87,885 368,265 460,716
SOYBEANS 1,484,650 897,017 1,854,146 5,458,049 5,264,300
SUNFLOWER 0 0 0 0 0
WHEAT 350,632 718,520 437,414 10,299,486 10,577,018
Total 2,477,297 2,471,473 3,541,723 19,670,853 23,271,075
————————————————————————-
CROP MARKETING YEARS BEGIN JUNE 1 FOR WHEAT, RYE, OATS, BARLEY AND
FLAXSEED; SEPTEMBER 1 FOR CORN, SORGHUM, SOYBEANS AND SUNFLOWER SEEDS.
INCLUDES WATERWAY SHIPMENTS TO CANADA.

DJ CBOT Delivery Intentions: Totals – Oct 11
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL October Oct. 12, 2017 11 Sep 29, 2017
SOYBEAN OIL October Oct. 12, 2017 25 Oct 06, 2017

WHEAT
General Comments: Wheat markets closed near unchanged on reports that Egypt bought Russian Wheat again and roughly unchanged prices. It was a slow day of trading as the market looks for new reasons to trade. USDA released its Crop Progress report yesterday, and Winter Wheat planting has been slow. Prices are not good and producers are in no hurry to plant. It has been too dry in Winter Wheat areas of the Midwest, and too wet in parts of the central and southern Great Plains for best planting progress and emergence. The Chicago markets had been trying to hold a seasonal rally together, while Minneapolis has tried 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 mostly 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. Mexico bought 104,202 tons of HRW.
Chart Analysis: Trends in Chicago are mixed to down with objectives of 412 December. Support is at 431, 429, and 427 December, with resistance at 440, 446, and 450 December. Trends in Kansas City are mixed to down with objectives of 428, 419, and 417 December. Support is at 426, 420, and 414 December, with resistance at 439, 444, and 447 December. Trends in Minneapolis are mixed to down with objectives of 599, 584, and 567 December. Support is at 606, 594, and 588 December, and resistance is at 628, 645, and 653 December.

RICE
General Comments: Rice closed higher as some buying was seen in the last half of the session. A weaker US Dollar helped, but futures remain too cheap to cash and bearish traders have not been able to extend the recent move lower. The buying yesterday kept futures in a short-term range, but one with a view that higher prices could be coming. Reports from the country indicate good to very good yields and quality for the Delta as the harvest comes to a close in most areas. Interior cash prices are reported generally steady so far this week, and reports indicate that selling by producers has been limited as they hope for another push to higher prices. California will be the last to finish as the Delta harvest is about over now. 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.
Overnight News: The Delta should get mostly dry conditions. Temperatures should average near to above normal.
Chart Analysis: Trends are mixed to down with objectives of 1151 and 1101 November. Support is at 1192, 1180, and 1170 November, with resistance at 1209, 1217, and 1223 November.

DJ USDA World Market Rice Prices – Oct 11
USDA today announced the prevailing world market prices
of milled and rough rice, adjusted for U.S. milling yields
and location, and the resulting marketing loan gain (MLG)
and loan deficiency payment LDP) rates. Source: USDA
—-World Price—– MLG/LDP Rate
Milled Value Rough
($/cwt) ($/cwt) ($/cwt)
Long Grain 15.28 9.73 0.00
Medium/Short Grain 14.89 10.08 0.00
Brokens 9.22 —- —-

CORN AND OATS
General Comments: Corn was little changed in quiet trading. It looks like most are waiting until the next round of USDA reports are released on Thursday before doing much. The weekly crop progress and condition report showed slow harvest activity and marginally better crop conditions. The export inspections report as called disappointing by traders who had expected more demand. 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. That should allow basis levels to firm. Ohio River transportation has been stalled due to some lock and dam problems. 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, but the western Midwest harvest will remain very slow as farmers in many areas try to let the crops dry in the field due to the low prices and costs of drying.
Overnight News: Mexico bought 150,000 tons of US Corn.
Chart Analysis: Trends in Corn are mixed. 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.

SOYBEANS AND PRODUCTS
General Comments: Soybeans and Soybean Meal were little changed in response to ideas of good harvest results and new buying reports from China.. Soybean Oil was lower along with Palm Oil. USDA showed slower than expected harvest progress in its data yesterday, and stronger than expected export inspections. The harvest is likely to stay slow this week as there are rains in the forecast. Rains moved into Chicago yesterday.. 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 generally runs behind year ago levels. However, producers had expected worse yields and are mostly happy right now. 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. Basis levels should start to improve as the river levels move higher due to recent rains. 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: Unknown destinations bought 132,000 tons of US Soybeans and China bought 264,000 tons of US Soybeans.
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 Decrmber. 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.

CANOLA AND PALM OIL
General Comments: Canola was lower as the Canadian Dollar moved higher and world vegetable oils prices saw some selling pressure. Support is 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 lower on the bearish MPOB monthly supply and demand updates. Production was lower than expected, but weaker export demand meant higher than expected ending stocks. Ideas continue that production is trending seasonally lower and that stocks at the end of last month could be lower. Export data for the first third of the month was considered positive for prices. 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 2820 December.

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%
Actual as follows:
Production – 1.78 mil tonnes, Down 1.7%
Exports – 1.52 mil tonnes, Up 1.8%
Ending Stocks – 2.02 mil tonnes, Up 4.0%
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 26-Dec 180 Dec 45 Dec 21-Nov 4-Dec
November 33 Dec 58 Dec 36 Nov
December 38 Dec 60 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 49 Dec
November minus 15 Dec 52 Dec
December minus 15 Dec 60 Dec
All basis levels are positive unless noted as negative

DJ ICE Canada Cash Grain Close – Oct 10
By Commodity News Service Canada
Winnipeg, October 10 – 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 476.70 up 1.50
Basis: Thunder Bay
1 Can 505.20 down 1.50
2 Can 492.20 down 1.50
Basis: Vancouver
1 Can 520.20 down 1.50
2 Can 507.20 down 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

DJ Malaysian PM Cash Market Prices for Palm Oil – Oct 11
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Wednesday, 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 675.00 -02.50 Unquoted – –
Nov 675.00 -02.50 Unquoted – –
Dec 672.50 -05.00 Unquoted – –
Jan/Feb/Mar 667.50 -02.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Oct 680.00 -02.50 Unquoted – –
Nov 680.00 -02.50 Unquoted – –
Dec 677.50 -05.00 Unquoted – –
Jan/Feb/Mar 672.50 -02.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Oct 682.50 00.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Oct 635.00 00.00 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 337 -03.00 Unquoted – –
($1=MYR 4.2170)

DJ China Dalian Grain Futures Closing Prices, Volume – Oct 11
Soybean No. 1
Turnover: 237,684 lots, or 9.20 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-17 3,731 3,731 3,731 3,731 3,718 3,731 13 2 88
Jan-18 3,878 3,893 3,846 3,849 3,852 3,870 18 215,640 239,278
Mar-18 3,859 3,859 3,859 3,859 3,871 3,859 -12 2 22
May-18 3,875 3,882 3,852 3,854 3,862 3,867 5 21,484 29,784
Jul-18 – – – 3,933 3,937 3,933 -4 0 4
Sep-18 3,888 3,903 3,880 3,881 3,897 3,889 -8 460 646
Nov-18 – – – 3,888 3,888 3,888 0 0 2
Jan-19 3,919 3,946 3,919 3,920 3,945 3,926 -19 96 152
Mar-19 – – – 3,941 3,941 3,941 0 0 0
Corn
Turnover: 421,108 lots, or 7.08 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-17 1,637 1,637 1,631 1,633 1,629 1,632 3 30 934
Jan-18 1,675 1,680 1,669 1,671 1,671 1,674 3 364,256 962,366
Mar-18 1,683 1,690 1,683 1,690 1,684 1,686 2 72 1,082
May-18 1,717 1,725 1,716 1,719 1,718 1,719 1 53,610 313,764
Jul-18 1,748 1,748 1,745 1,748 1,747 1,747 0 8 528
Sep-18 1,748 1,753 1,743 1,743 1,748 1,748 0 3,132 21,444
Soymeal
Turnover: 821,754 lots, or 22.73 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-17 2,807 2,807 2,807 2,807 2,818 2,807 -11 6 336
Dec-17 2,794 2,794 2,769 2,769 2,791 2,785 -6 6 380
Jan-18 2,781 2,791 2,762 2,764 2,781 2,774 -7 697,172 1,651,474
Mar-18 2,746 2,785 2,746 2,760 2,785 2,771 -14 34 276
May-18 2,728 2,736 2,710 2,711 2,727 2,719 -8 119,472 702,994
Jul-18 – – – 2,758 2,758 2,758 0 0 220
Aug-18 2,733 2,733 2,733 2,733 2,733 2,733 0 2 172
Sep-18 2,748 2,758 2,734 2,734 2,749 2,742 -7 5,062 37,124
Palm Oil
Turnover: 354,280 lots, or 19.55 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 5,518 5,550 5,502 5,510 5,554 5,520 -34 310,136 425,692
Feb-18 5,552 5,576 5,552 5,576 5,562 5,568 6 6 6
Mar-18 – – – 5,604 5,604 5,604 0 0 2
Apr-18 – – – 5,584 5,584 5,584 0 0 10
May-18 5,506 5,530 5,480 5,490 5,522 5,500 -22 43,466 117,168
Jun-18 – – – 5,562 5,562 5,562 0 0 6
Jul-18 5,496 5,586 5,496 5,586 5,592 5,540 -52 4 4
Aug-18 – – – 5,580 5,632 5,580 -52 0 2
Sep-18 5,440 5,460 5,426 5,426 5,470 5,444 -26 668 3,074
Soybean Oil
Turnover: 316,560 lots, or 19.20 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-17 – – – 6,078 6,078 6,078 0 0 26
Dec-17 – – – 5,972 5,972 5,972 0 0 12
Jan-18 6,062 6,070 6,022 6,038 6,088 6,048 -40 279,978 712,964
Mar-18 – – – 6,180 6,180 6,180 0 0 6
May-18 6,180 6,196 6,152 6,168 6,204 6,178 -26 36,290 132,578
Jul-18 – – – 6,392 6,418 6,392 -26 0 4
Aug-18 – – – 6,406 6,432 6,406 -26 0 6
Sep-18 6,248 6,268 6,232 6,250 6,274 6,252 -22 292 1,990
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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