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

WHEAT
General Comments: Wheat closed lower on further strength in the US Dollar and worries about export demand overall. Futures closed with slight gains for the week, but the price action in the second half of the week was not strong and implied more selling is possible this week. Funds were sellers once again. Funds remain very short and are likely to cover some of these positions in the longer term. It is turning cold in the US and this will hinder early crop development. Planting in some areas of the Great Plains and Midwest could be delayed as producers wait for warmer temperatures to help promote better emergence of the crop. It will be another small crop anyway as farmers continue to reduce planted area year after year in response to low world and US prices, due mostly to strong competition from Russia. The overall US planting pace remains behind a year ago and the averages. Prices are not good and producers are in no hurry to plant as they see little profit potential in Wheat right now. World prices are stable to firm, and there are ideas that demand can start to improve as US prices are relatively cheap in the world market and due to production problems in countries other than Russia. Brazil last week said it would seek to import up to 7.0 million tons of Wheat duty free, with 3.0 million likely to come from Argentina and the rest from other sources. The news comes as big rains in southern Brazil and Argentina hinder production and quality prospects in both countries.
Overnight News: The southern Great Plains should get mostly dry weather except for a few showers on Thursday. Temperatures should be near to above normal through Thursday, then below normal. Northern areas should get dry weather much of this week and light precipitation on Thursday. Temperatures should be above normal through Thursday, then below normal. The Canadian Prairies should see mostly dry weather, but some precipitation is expected Wednesday and Thursday. Temperatures should be above normal.
Chart Analysis: Trends in Chicago are mixed to down with objectives of 412 December. Support is at 423, 420, and 412 December, with resistance at 434, 443, and 446 December. Trends in Kansas City are mixed to down with objectives of 419 and 415 December. Support is at 420, 414, and 408 December, with resistance at 431, 439, and 441 December. Trends in Minneapolis are mixed. Support is at 606, 594, and 588 December, and resistance is at 628, 645, and 653 December.

COT — Supplemental Report – Option and Futures Combined Positions as of October 24, 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 647,209
: Positions :
: 98,423 199,533 218,626 129,722 146,584 154,211 31,572 600,982 596,314: 46,227 50,895
: Changes from: October 17, 2017 (Change in open interest: 39,129) :
: 3,473 5,118 14,222 13,307 11,296 7,534 7,742 38,537 38,379: 592 750
: Percent of Open Interest Represented by Each Category of Trader :
: 15.2 30.8 33.8 20.0 22.6 23.8 4.9 92.9 92.1: 7.1 7.9
: Total Traders: 446 Number of Traders in Each Category :
: 129 149 161 106 104 26 15 359 343:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of October 24, 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 317,559
: Positions :
: 79,538 95,759 56,175 99,394 131,955 56,480 8,718 291,587 292,607: 25,971 24,951
: Changes from: October 17, 2017 (Change in open interest: 10,381) :
: 2,232 6,611 2,401 6,950 3,322 -2,568 -1,094 9,015 11,240: 1,365 -859
: Percent of Open Interest Represented by Each Category of Trader :
: 25.0 30.2 17.7 31.3 41.6 17.8 2.7 91.8 92.1: 8.2 7.9
: Total Traders: 277 Number of Traders in Each Category :
: 84 59 77 85 81 20 8 217 202:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 24, 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 84,825 :
: Positions :
: 41,194 48,283 3,679 277 2,484 4,829 2,202 3,975 6,060 7,473 6,441 :
: Changes from: October 17, 2017 :
: -135 407 134 0 136 -1,971 52 37 524 -257 15 :
: Percent of Open Interest Represented by Each Category of Trader :
: 48.6 56.9 4.3 0.3 2.9 5.7 2.6 4.7 7.1 8.8 7.6 :
: Number of Traders in Each Category Total Traders: 117 :
: 51 39 6 . 6 16 5 6 14 12 24 :
—————————————————————————————————————-

RICE
General Comments: Rice closed a Little higher on Friday, but lower for the week despite strong weekly export sales as seen in the Thursday reports. The US Dollar moved sharply higher late last week on US and European economic news and hurt demand ideas. The daily charts show that trends are down for the short term and the weekly charts also show a down trend. Domestic cash market conditions are generally quiet amid what appear to be stable flat price bids despite the futures weakness. The harvest is about over and as farmers are holding out for higher prices. 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. 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. Domestic cash quotes have held generally steady amid little interest in the Delta and are called firm in California.
Overnight News: The Delta should get showers and storms on Friday, otherwise drier weather. Temperatures should average near normal.
Chart Analysis: Trends are mixed to down with objectives of 1131, 1101, and 1063 November. Support is at 1140, 1133, and 1120 November, with resistance at 1160, 1167, and 1170 November.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 24, 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 11,551 :
: Positions :
: 6,247 6,940 158 0 0 1,254 371 0 658 1,819 1,185 :
: Changes from: October 17, 2017 :
: 651 152 0 0 0 33 0 0 5 172 9 :
: Percent of Open Interest Represented by Each Category of Trader :
: 54.1 60.1 1.4 0.0 0.0 10.9 3.2 0.0 5.7 15.7 10.3 :
: Number of Traders in Each Category Total Traders: 61 :
: 15 18 . 0 0 7 . 0 11 16 12 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn was lower again on Friday as the US Dollar moved higher, but closed with small gains for the week. Fund were sellers once again. Oats were lower for the week after making new highs for the move. The extremely slow harvest pace for Corn in the US remains a strong feature, and that harvest pace seemed to create buying yesterday. Ideas are that the Corn harvest will start to move more quickly now as the Soybeans harvest is about over in many areas. Some parts on the northern Midwest are now expected some yield losses due to the storms last week that brought precipitation and some high winds in Minnesota and Wisconsin. However, no one expects the losses to do much to change the overall fundamental picture of ample supplies. Basis levels are firm at the Gulf due in part to the slow harvest and slow selling from farmers, but moved a bit lower late last week. Farmers are not selling much Corn due to expanding harvest activity and on weak basis levels.
Overnight News:
Chart Analysis: Trends in Corn are mixed. Support is at 348, 346, and 343 December, and resistance is at 353, 356, and 358 December. Trends in Oats are mixed. Support is at 261, 258, and 253 September, and resistance is at 267, 269, and 276 December.

COT — Supplemental Report – Option and Futures Combined Positions as of October 24, 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 1,932,939
: Positions :
: 233,360 447,166 495,089 556,576 683,081 395,273 69,342 1,680,299 1,694,679: 252,640 238,260
: Changes from: October 17, 2017 (Change in open interest: 63,894) :
: -455 10,204 24,596 26,370 10,699 12,555 15,754 63,067 61,253: 827 2,640
: Percent of Open Interest Represented by Each Category of Trader :
: 12.1 23.1 25.6 28.8 35.3 20.4 3.6 86.9 87.7: 13.1 12.3
: Total Traders: 810 Number of Traders in Each Category :
: 183 202 240 327 313 27 15 672 657:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 24, 2017
: Reportable Positions :
:————————————————————————————————————- :
: Producer/Merchant : : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables :
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading :
—————————————————————————————————————-
OATS – CHICAGO BOARD OF TRADE (CONTRACTS OF 5,000 BUSHELS) :
CFTC Code #004603 Open Interest is 8,462 :
: Positions :
: 1,468 5,528 269 0 0 1,329 0 0 1,162 257 1,822 :
: Changes from: October 17, 2017 :
: 188 435 0 0 0 151 0 0 115 66 122 :
: Percent of Open Interest Represented by Each Category of Trader :
: 17.3 65.3 3.2 0.0 0.0 15.7 0.0 0.0 13.7 3.0 21.5 :
: Number of Traders in Each Category Total Traders: 39 :
: 9 14 . 0 0 9 0 0 9 4 9 :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans were higher and products were mixed again on Friday. The strong demand seen in the weekly export sales report for Soybeans on Thursday morning kept buying interest alive even though the Dollar held its strength that came from the macroeconomic news here and in Europe late last week Soybean Oil rallied again as the market factors in additional bio fuels demand and less imports from Indonesia and Argentina. Soybean Meal was lower on ideas of very weak demand here and in the world market. Soybean Meal suffers from weak demand due to strong competition from DDGS in the market and on ideas that crush levels can remain strong due to the need to produce Soybean Oil for biofuels demand. Harvest weather should improve this week as forecasts call for cool and drier conditions. There are still forecasts around for weather patterns to change in Brazil and bring some badly needed rain to the north and drier conditions to the south and into Argentina, but for now it is still too dry in northeastern Brazil and too wet in southern Brazil and Argentina. Some planting has been reported now in Mato Grosso, Mato Grosso do Sul, and Goias as some rains have fallen in those states. The overall planting pace remains a Little behind normal due to the poor weather at the start of the planting season.
Overnight News:
Chart Analysis: Trends in Soybeans are down with objectives of 967, 925, and 914 November. Support is at 967, 959, and 950 November, and resistance is at 983, 990, and 994 November. Trends in Soybean Meal are mixed to down with no objectives. Support is at 310.00, 308.00, and 304.00 December, and resistance is at 314.00, 318.00, and 321.00 December. Trends in Soybean Oil are up with objectives of 3510, 3560, and 3600 December. Support is at 3460, 3420, and 3390 December, with resistance at 3500, 3540, and 3560 December.

COT — Supplemental Report – Option and Futures Combined Positions as of October 24, 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 930,344
: Positions :
: 103,551 101,486 257,361 350,178 433,119 156,861 35,535 867,951 827,501: 62,392 102,842
: Changes from: October 17, 2017 (Change in open interest: 23,076) :
: -8,344 20,046 12,318 21,613 -7,015 -3,896 207 21,690 25,555: 1,385 -2,479
: Percent of Open Interest Represented by Each Category of Trader :
: 11.1 10.9 27.7 37.6 46.6 16.9 3.8 93.3 88.9: 6.7 11.1
: Total Traders: 645 Number of Traders in Each Category :
: 159 181 264 187 211 27 14 537 544:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of October 24, 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 477,784
: Positions :
: 95,262 56,802 123,504 109,381 253,072 113,238 14,651 441,385 448,028: 36,399 29,756
: Changes from: October 17, 2017 (Change in open interest: 4,822) :
: 2,887 -4,287 -4,124 4,122 16,069 -1,463 -2,526 1,421 5,133: 3,401 -310
: Percent of Open Interest Represented by Each Category of Trader :
: 19.9 11.9 25.8 22.9 53.0 23.7 3.1 92.4 93.8: 7.6 6.2
: Total Traders: 307 Number of Traders in Each Category :
: 92 70 117 73 73 21 9 254 230:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of October 24, 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 425,560
: Positions :
: 56,101 45,693 85,666 132,870 234,908 105,577 24,484 380,215 390,752: 45,345 34,808
: Changes from: October 17, 2017 (Change in open interest: 9,207) :
: -115 3,525 -1,796 9,741 2,880 5,248 2,792 13,077 7,400: -3,870 1,807
: Percent of Open Interest Represented by Each Category of Trader :
: 13.2 10.7 20.1 31.2 55.2 24.8 5.8 89.3 91.8: 10.7 8.2
: Total Traders: 277 Number of Traders in Each Category :
: 62 71 88 85 87 22 13 225 216:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Canola was higher once again on Friday due to Canadian Dollar weakness and on the strength in Chicago Soybean Oil and Malaysian Palm Oil. Harvest progress is ongoing and the harvest should be winding down. Forecasts call for mostly dry weather this week. Farmers are starting to store crops now as the harvest comes to a close and as they wait for higher prices, but elevators and crushers appear to have good supplies right now. Palm Oil was higher with the outside markets and as exports as reported by the private sources remained robust in data released yesterday. There was some renewed talk of lower production. However, there is a lot of talk that supplies are more than adequate for demand. Charts show that the market has held Support, but the market acts weak.
Overnight News:
Chart Analysis: Trends in Canola are up with objectives of 516.00 November. Support is at 505.00, 503.00, and 500.00 November, with resistance at 511.00, 514.00, and 516.00 November. Trends in Palm Oil are up with objectives of 2880 January. Support is at 2760, 2740, and 2710 December, with resistance at 2830, 2860, and 2880 December.

DJ Canadian Grain Handling Summary – Oct 27
WINNIPEG–The following are Canadian grain handling summary statistics
for the week ended October 22, 2017. Figures in thousands of metric tons.
Source: Canadian Grain Commission.
Durum
Wheat Wheat Oats Barley Flax Canola Peas Corn Total*
COMMERCIAL STOCKS
This week 3194.5 671.4 202.8 286.9 84.0 1452.5 300.7 36.8 7288.2
Week ago 3288.4 703.1 206.1 258.6 72.2 1454.6 290.2 65.2 7294.8
Year ago 2213.3 555.2 128.0 225.0 60.5 1589.1 406.0 129.7 6624.0
PRODUCER DELIVERIES
This Week 353.0 79.3 37.3 85.9 14.8 429.6 19.7 11.2 1181.7
Week Ago 311.9 70.1 26.7 50.7 10.9 411.3 24.4 17.3 1138.5
To Date 4243.8 762.0 631.4 613.2 77.6 4904.8 1169.6 100.5 13797.9
Year Ago 3964.8 847.0 509.1 524.7 60.9 4562.3 1857.2 74.4 13991.1
TERMINAL RECEIPTS
This Week 395.5 68.5 5.6 36.2 6.3 233.8 22.7 0.1 1217.3
Week Ago 297.8 115.1 9.4 36.5 2.7 241.3 24.5 0.2 1124.5
To Date 4646.9 1089.6 42.8 315.0 36.8 2575.1 833.5 46.0 11107.5
Year Ago 5027.4 1076.7 73.6 150.2 66.6 2246.3 1330.4 65.8 11998.7
EXPORTS
This Week 271.8 73.7 32.4 68.7 13.9 141.1 28.1 0.0 800.9
Week Ago 232.2 64.7 34.7 0.5 0.3 283.4 0.5 0.0 833.8
To Date 3418.3 855.4 420.3 330.3 51.7 2190.7 848.5 63.3 8865.7
Year Ago**3201.5 734.9 363.5 101.7 59.7 1865.7 1332.1 59.4 8705.7
DOMESTIC DISAPPEARANCE
This Week 142.0 6.7 4.3 22.8 0.4 216.2 2.5 14.6 501.0
Week Ago 85.2 2.8 4.0 28.0 0.4 179.5 2.8 14.0 461.8
To Date 1365.4 179.7 58.1 294.7 11.2 1980.4 47.0 145.0 4587.7
Year Ago** 682.6 65.0 102.9 314.6 12.6 2071.6 43.1 98.1 3688.8
*Totals include data from other crops not shown including rye soybeans
canaryseed 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)

DJ Canadian Oilseed Processors Association Weekly Crush – Oct 27
WINNIPEG–The Canadian Oilseed Processors Association
reported the Canadian oilseed crush for the week ended October 25, 2017 as
follows:
Figures are in metric tons. R-denotes revision.
Cumulative Cumulative
Week 2017/18 2016/17 2017/18 2016/17
Ended Canola Soybns
Oct 25 196,592 2,069,915 2,122,536 36,302 410,319 461,941
Oct 18 187,047 1,873,323 1,923,677 42,094 374,017 433,027
Oct 11 204,820 1,686,276 1,740,357 32,388 331,923 391,820
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
Crush Capacity Utilization
This week 2017/18 2016/17
Canola 88.7% 81.6% 85.8%
Soybeans 55.2% 54.5% 60.6%
Source: Commodity News Service Canada (cnscanada@shaw.ca, 204-414-9084)

Midwest Weather Forecast: Drier today, but mixed precipitation possible early in the weekend. Temperatures will average below normal.

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
October 28-Dec 195 Dec 40 Dec 15-Nov 2-Dec
November 30-Dec 55 Dec 27-Nov
December 38 Dec 62 Dec 1/32/2017
All basis levels are positive unless noted as negative

Brazil Premiums Soybeans Soybean Meal Soybean Oil Corn
Paranagua Paranagua Paranagua Paranagua
October
November minus 29 Dec 55 Dec
December minus 23 Dec 56 Dec
All basis levels are positive unless noted as negative

Corn HRW SRW Soybeans Soybean Meal Soybean Oil

DJ ICE Canada Cash Grain Close – Oct 26
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 492.10 up 4.80
Basis: Thunder Bay
1 Can 526.30 up 2.20
2 Can 513.30 up 2.20
Basis: Vancouver
1 Can 539.30 up 2.20
2 Can 526.30 up 2.20
FEED WHEAT
Lethbridge 213.00 unchanged
WESTERN BARLEY
Lethbridge 210.00 up 2.00
All prices in Canadian dollars per metric ton.
*Quote for previous day
Source: Commodity News Service Canada (csncanada@shaw.ca, or 204-414-9084)

DJ Malaysian PM Cash Market Prices for Palm Oil – Oct 30
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
Nov 695.00 +05.00 Unquoted – –
Dec 695.00 +05.00 Unquoted – –
Jan/Feb/Mar 697.50 +05.00 Unquoted – –
Apr/May/Jun 695.00 +05.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Nov 700.00 +05.00 Unquoted – –
Dec 700.00 +05.00 Unquoted – –
Jan/Feb/Mar 702.50 +05.00 Unquoted – –
Apr/May/Jun 700.00 +05.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Nov 707.50 +05.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Nov 645.00 +05.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Nov 2,840 +20.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Nov 357 +05.00 Unquoted – –
($1=MYR 4.2360)

DJ China Dalian Grain Futures Closing Prices, Volume – Oct 30
Soybean No. 1
Turnover: 139,458 lots, or 5.08 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-17 3,510 3,528 3,506 3,528 3,520 3,514 -6 12 98
Jan-18 3,632 3,647 3,614 3,625 3,627 3,630 3 126,228 376,370
Mar-18 – – – 3,641 3,662 3,641 -21 0 26
May-18 3,717 3,741 3,709 3,724 3,721 3,727 6 13,050 64,956
Jul-18 – – – 3,786 3,780 3,786 6 0 4
Sep-18 3,764 3,794 3,762 3,781 3,769 3,780 11 154 1,406
Nov-18 – – – 3,792 3,792 3,792 0 0 2
Jan-19 3,837 3,850 3,837 3,850 3,838 3,846 8 14 202
Mar-19 – – – 3,846 3,846 3,846 0 0 4
Corn
Turnover: 565,794 lots, or 9.42 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-17 1,604 1,664 1,604 1,629 1,631 1,629 -2 5,490 6,286
Jan-18 1,662 1,662 1,647 1,656 1,668 1,656 -12 465,842 987,036
Mar-18 1,684 1,684 1,680 1,682 1,687 1,682 -5 64 1,226
May-18 1,701 1,708 1,698 1,704 1,714 1,704 -10 90,276 395,446
Jul-18 1,733 1,733 1,733 1,733 1,737 1,733 -4 66 494
Sep-18 1,738 1,738 1,726 1,731 1,740 1,731 -9 4,056 29,156
Soymeal
Turnover: 692,282 lots, or 19.33 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-17 2,895 2,895 2,858 2,858 2,904 2,882 -22 74 46
Dec-17 2,820 2,825 2,820 2,825 2,823 2,822 -1 14 456
Jan-18 2,801 2,815 2,796 2,803 2,809 2,805 -4 541,254 1,539,164
Mar-18 2,799 2,807 2,799 2,807 2,804 2,804 0 28 256
May-18 2,732 2,750 2,730 2,739 2,745 2,741 -4 137,756 789,260
Jul-18 – – – 2,764 2,764 2,764 0 0 176
Aug-18 2,777 2,777 2,751 2,754 2,770 2,761 -9 12 148
Sep-18 2,742 2,757 2,739 2,748 2,747 2,750 3 13,144 71,010
Palm Oil
Turnover: 478,214 lots, or 27.42 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-17 – – – 5,798 5,798 5,798 0 0 0
Dec-17 5,642 5,718 5,642 5,718 5,700 5,680 -20 12 2
Jan-18 5,694 5,778 5,652 5,746 5,696 5,722 26 383,624 412,066
Feb-18 – – – 5,742 5,742 5,742 0 0 4
Mar-18 – – – 5,722 5,696 5,722 26 0 2
Apr-18 5,818 5,898 5,818 5,882 5,756 5,862 106 10 12
May-18 5,730 5,824 5,702 5,798 5,740 5,776 36 92,922 183,828
Jun-18 – – – 5,706 5,672 5,706 34 0 8
Jul-18 – – – 5,708 5,674 5,708 34 0 2
Aug-18 – – – 5,734 5,734 5,734 0 0 2
Sep-18 5,620 5,694 5,590 5,670 5,628 5,658 30 1,646 11,058
Oct-18 – – – 5,522 5,522 5,522 0 0 0
Soybean Oil
Turnover: 324,198 lots, or 20.00 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-17 – – – 5,990 5,990 5,990 0 0 8
Dec-17 – – – 6,130 6,130 6,130 0 0 12
Jan-18 6,110 6,182 6,096 6,152 6,128 6,146 18 283,530 673,374
Mar-18 – – – 6,160 6,160 6,160 0 0 6
May-18 6,272 6,338 6,248 6,308 6,274 6,308 34 39,630 160,448
Jul-18 – – – 6,322 6,322 6,322 0 0 4
Aug-18 – – – 6,330 6,330 6,330 0 0 4
Sep-18 6,346 6,420 6,332 6,394 6,354 6,400 46 1,038 6,658
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.

 

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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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