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 higher in Chicago and a little higher in Minneapolis to close out the week. Chicago was still a little lower for the week. Futures traders still hope for improving demand as Egypt was able to buy despite a court ruling there that prohibited Ergot in any Wheat imports. The prices were not real strong, but at least the deal got done. The market is noting dry conditions in western Kansas and other parts of the western Great Plains and the La Nina Winter weather forecast. The long range forecast calls for warmer and drier than normal conditions in the South and Southwest, and it is possible that Winter Wheat will suffer under more stressful conditions. The market continues to be worried about Russia and its ability to control the Wheat offer and price. World estimates in general remain large and US offers will need to be low to take business. The market really does not seem to have a fundamental reason to rally or move significantly lower due to the fundamentals. It will be another small US crop as farmers continue to reduce planted area year after year in response to low world and US prices, due mostly to strong competition mostly from Russia. Prices might not improve much for the coming year as Russia expects another big crop that could be big enough to offset lost production in places like the US and Canada and also Argentina and Australia.
Overnight News: The southern Great Plains should get mostly dry weather. Temperatures should be mostly above normal. Northern areas should get mostly dry weather. Temperatures should be near to above normal. The Canadian Prairies should see mostly dry weather. Temperatures should be variable.
Chart Analysis: Trends in Chicago are mixed. Support is at 418, 414, and 408 December, with resistance at 433, 439, and 441 December. Trends in Kansas City are mixed. Support is at 417, 414, and 408 December, with resistance at 424, 427, and 433 December. Trends in Minneapolis are mixed to up with objectives of 666 and 688 December. Support is at 623, 617, and 615 December, and resistance is at 642, 646, and 653 December.

COT — Supplemental Report – Option and Futures Combined Positions as of November 14, 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 704,038
: Positions :
: 96,734 228,684 239,397 151,714 156,391 167,314 30,289 655,159 654,762: 48,879 49,276
: Changes from: November 7, 2017 (Change in open interest: -4,464) :
: 2,886 -9,969 5,233 -15,120 2,900 3,931 -1,496 -3,069 -3,331: -1,395 -1,133
: Percent of Open Interest Represented by Each Category of Trader :
: 13.7 32.5 34.0 21.5 22.2 23.8 4.3 93.1 93.0: 6.9 7.0
: Total Traders: 461 Number of Traders in Each Category :
: 127 157 169 101 106 26 17 358 367:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of November 14, 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 331,402
: Positions :
: 83,804 99,932 61,821 106,951 138,603 53,582 6,147 306,158 306,503: 25,244 24,899
: Changes from: November 7, 2017 (Change in open interest: -14,314) :
: 1,695 -8,785 -8,315 -3,849 9,206 424 -1,332 -10,045 -9,226: -4,270 -5,089
: Percent of Open Interest Represented by Each Category of Trader :
: 25.3 30.2 18.7 32.3 41.8 16.2 1.9 92.4 92.5: 7.6 7.5
: Total Traders: 286 Number of Traders in Each Category :
: 74 71 84 91 84 20 5 227 212:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 14, 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 85,689 :
: Positions :
: 38,134 50,117 3,439 1 2,534 7,984 1,320 4,348 7,907 8,339 6,312 :
: Changes from: November 7, 2017 :
: -2,305 -727 -292 0 -274 1,900 -451 -288 113 761 -97 :
: Percent of Open Interest Represented by Each Category of Trader :
: 44.5 58.5 4.0 0.0 3.0 9.3 1.5 5.1 9.2 9.7 7.4 :
: Number of Traders in Each Category Total Traders: 122 :
: 54 48 5 . 5 19 . 6 18 12 21 :
—————————————————————————————————————-

RICE
General Comments: Rice closed higher again on Friday and closed sharply higher for the week. It was a positive close and was very positive week in response to news that Iraq bought 90,000 tons of long rain milled Rice. The news caught many commercials short in the cash market and speculator short in futures. Futures are now getting back into relation with the cash market. Cash markets in the southern Delta and into Texas are firm ion tight supplies, while markets farther north are very quiet. The domestic cash market might stay slow now through the holidays. Futures still can work higher over time to reflect the realities of the domestic cash market.
Overnight News: The Delta should get mostly dry weather. Temperatures should be variable.
Chart Analysis: Trends are up with no objectives. Support is at 1212, 1198, and 1191 January, with resistance at 1243, 1263, and 1277 January.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 14, 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 11,934 :
: Positions :
: 7,748 6,025 162 0 0 523 1,591 0 533 1,681 1,226 :
: Changes from: November 7, 2017 :
: 674 30 0 0 0 -92 333 0 -7 77 254 :
: Percent of Open Interest Represented by Each Category of Trader :
: 64.9 50.5 1.4 0.0 0.0 4.4 13.3 0.0 4.5 14.1 10.3 :
: Number of Traders in Each Category Total Traders: 64 :
: 20 15 . 0 0 . 9 0 9 15 14 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn was higher on Friday and near unchanged for the week. Some speculative buying was seen, mostly for seasonal considerations. Speculators have been very short and Corn prices usually rally around Thanksgiving time. The trade is also looking at the potential for dry weather to develop in southern Brazil and Argentina. Oats closed lower and prices are now below swing targets. More and more traders expect a short covering rally in Corn. Ideas of big supplies and less than great demand keep pulling the market down fundamentally, but it has been the funds who have established a huge and near record short position in futures. Farmers are not selling much Corn even in the last part of the harvest due to weak basis and futures price levels. Basis levels have improved, but farmer offers remain down, although farmers have been actively delivering on contracts. Corn planting is reported to be active in Argentina and southern Brazil amid improved conditions as the rains have stopped for now and are not expected to return in the short term. Not much selling is reported in South America. La Nina has started and could create dry weather in South America that could really hurt yields. It is common for Argentina and southern Brazil to have drought in La Nina years, so the weather in these areas will be watched carefully.
Overnight News:
Chart Analysis: Trends in Corn are mixed. Support is at 336, 334, and 331 December, and resistance is at 344, 348, and 350 December. Trends in Oats are down with no objectives. Support is at 253, 248, and 246 December, and resistance is at 261, 265, and 270 December.

COT — Supplemental Report – Option and Futures Combined Positions as of November 14, 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 2,127,835
: Positions :
: 233,635 497,984 564,829 677,240 731,940 393,454 76,343 1,869,158 1,871,096: 258,677 256,739
: Changes from: November 7, 2017 (Change in open interest: 118,036) :
: 4,286 31,635 36,141 69,867 27,563 956 3,659 111,251 98,998: 6,785 19,038
: Percent of Open Interest Represented by Each Category of Trader :
: 11.0 23.4 26.5 31.8 34.4 18.5 3.6 87.8 87.9: 12.2 12.1
: Total Traders: 847 Number of Traders in Each Category :
: 209 193 243 354 333 27 17 711 680:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 14, 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 9,433 :
: Positions :
: 1,991 6,534 190 0 0 1,589 0 0 1,709 153 1,595 :
: Changes from: November 7, 2017 :
: 261 241 0 0 0 87 0 0 168 0 -52 :
: Percent of Open Interest Represented by Each Category of Trader :
: 21.1 69.3 2.0 0.0 0.0 16.8 0.0 0.0 18.1 1.6 16.9 :
: Number of Traders in Each Category Total Traders: 40 :
: 9 14 . 0 0 10 0 0 9 5 9 :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans and products were higher on Friday on seasonal considerations. Soybeans and products normally rally around Thanksgiving, and it looks like that rally is underway now. The fundamental reason for Soybeans to work lower was fears of reduced Chinese demand and ideas of improved planting conditions in Brazil. China might be forced to reduce demand as the government is making it harder to get safety permits. Some GMO Soybeans have made it into the human food chain, and this news has caused the government to slow the process until it can identify the problems. However, there was talk of active Chinese buying of US Soybeans on Friday. Meanwhile, it is wetter in the north of Brazil and drier to the south and into Argentina and planting speed can be increased. The crop is close to an average planting pace now after a slow start. Planting progress in Argentina is a little behind the averages, but on about the same pace as last year.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed to up with objectives of 1000 January. Support is at 977, 967, and 963 January, and resistance is at 995, 1000, and 1005 January. Trends in Soybean Meal are mixed to up with no objectives. Support is at 313.00, 310.00, and 308.00 December, and resistance is at 321.00, 325.00, and 330.00 December. Trends in Soybean Oil are mixed. Support is at 3440, 3400, and 3390 December, with resistance at 3480, 3510, and 3540 December.

COT — Supplemental Report – Option and Futures Combined Positions as of November 14, 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 824,750
: Positions :
: 105,933 117,344 206,456 311,468 380,945 144,077 25,566 767,933 730,311: 56,817 94,439
: Changes from: November 7, 2017 (Change in open interest: 23,519) :
: -607 18,742 10,344 23,148 -7,521 -5,331 476 27,554 22,041: -4,035 1,478
: Percent of Open Interest Represented by Each Category of Trader :
: 12.8 14.2 25.0 37.8 46.2 17.5 3.1 93.1 88.5: 6.9 11.5
: Total Traders: 626 Number of Traders in Each Category :
: 144 179 243 181 210 26 14 501 527:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of November 14, 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 508,238
: Positions :
: 100,131 53,408 128,139 125,028 278,568 119,184 21,283 472,481 481,398: 35,757 26,841
: Changes from: November 7, 2017 (Change in open interest: 5,834) :
: 5,732 2,292 -8,153 6,029 7,837 2,114 5,336 5,722 7,311: 112 -1,478
: Percent of Open Interest Represented by Each Category of Trader :
: 19.7 10.5 25.2 24.6 54.8 23.5 4.2 93.0 94.7: 7.0 5.3
: Total Traders: 308 Number of Traders in Each Category :
: 83 81 114 71 74 22 14 250 236:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of November 14, 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 437,493
: Positions :
: 55,322 49,972 82,316 149,021 245,490 105,110 22,568 391,769 400,345: 45,724 37,147
: Changes from: November 7, 2017 (Change in open interest: 11,953) :
: 4,112 2,508 -309 10,073 7,149 -2,354 578 11,522 9,926: 431 2,027
: Percent of Open Interest Represented by Each Category of Trader :
: 12.6 11.4 18.8 34.1 56.1 24.0 5.2 89.5 91.5: 10.5 8.5
: Total Traders: 278 Number of Traders in Each Category :
: 60 74 89 93 87 22 13 231 218:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Canola was higher on Friday in line with Chicago. Harvest is about over now and demand is called steady. Processors have been the most active buyers. Farmers are storing 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 lower in sympathy with Soybean Oil in Crude Oil and the US Dollar and on ideas of weak Palm Oil fundamentals. Export data so far this month has been weak. Weak demand ideas come even though India is talking about increasing imports due to weak oilseeds production there this year. There is a lot of talk that supplies are more than adequate for demand. Charts show that the trends are down
Overnight News:
Chart Analysis: Trends in Canola are mixed. Support is at 518.00, 514.00, and 512.00 January, with resistance at 522.00, 527.00, and 529.00 January. Trends in Palm Oil are down with no objectives. Support is at 2710, 2690, and 2660 February, with resistance at 2780, 2820, and 2840 February.

DJ Canadian Oilseed Processors Association Weekly Crush – Nov 17
WINNIPEG–The Canadian Oilseed Processors Association
reported the Canadian oilseed crush for the week
ended Nov. 15, 2017 as follows:
Figures are in metric tons. R-denotes revision.
Cumulative Cumulative
Week 2016/17 2015/16 2016/17 2015/16
Ended Canola Sybns
Nov 15 176,517 2,629,075 2,677,245 50,909 542,169 579,350
Nov 08 195,151 2,452,558 2,472,444 31,845 491,260 547,999
Nov 01 186,758 2,255,048 2,291,178 52,837 459,415 507,311
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
Crush Capacity Utilization
This week 2016/17 2015/16
Canola 79.6% 83.3% 87.1%
Soybeans 77.4% 57.9% 61.3%
Source: Commodity News Service Canada (cnscanada@shaw.ca, 204-414-9084)

DJ Canadian Grain Handling Summary – Nov 17
WINNIPEG–The following are Canadian grain handling summary statistics
for the week ended November 12, 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 3068.9 537.6 199.8 237.9 96.2 1408.4 274.2 83.8 6963.0
Week ago 2986.4 608.4 178.8 245.7 87.2 1299.0 295.5 36.7 6890.8
Year ago 2062.8 694.8 154.2 224.1 72.4 1629.5 327.9 194.2 6721.6
PRODUCER DELIVERIES
This Week 424.9 84.6 44.2 60.8 16.1 394.9 13.5 9.4 1151.0
Week Ago 315.9 62.5 44.9 68.3 15.6 401.1 13.5 8.4 1075.8
To Date 5324.6 996.0 771.2 829.4 123.8 6080.2 1219.4 129.8 17174.3
Year Ago 4922.8 1233.7 635.2 682.6 86.3 5790.8 1989.5 101.2 17434.9
TERMINAL RECEIPTS
This Week 232.7 49.2 9.0 62.7 3.5 179.1 5.2 30.2 853.3
Week Ago 283.4 110.2 0.1 55.7 10.9 321.3 0.7 10.9 1225.5
To Date 5642.4 1334.4 53.7 479.3 53.4 3343.6 844.4 87.3 14545.3
Year Ago 6025.6 1458.4 85.1 258.3 76.2 3060.3 1518.2 183.0 15849.4
EXPORTS
This Week 358.3 25.3 17.7 42.2 11.1 133.0 34.7 0.0 868.3
Week Ago 238.4 61.1 52.8 44.7 19.0 470.2 0.6 0.3 1219.3
To Date 4419.5 1061.0 521.0 474.8 82.1 2991.8 885.3 63.6 12058.7
Year Ago**4010.7 1024.1 408.7 225.4 69.1 2616.5 1546.7 122.7 11893.1
DOMESTIC DISAPPEARANCE
This Week 89.4 7.4 4.9 24.9 0.6 164.6 3.3 14.3 417.1
Week Ago 88.1 31.3 4.4 22.6 0.6 142.0 3.5 12.0 394.7
To Date 1644.2 225.8 76.4 368.6 13.7 2464.0 59.9 188.4 5936.6
Year Ago** 894.3 93.3 130.1 390.5 15.2 2583.2 51.6 126.2 4649.4
*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)

Midwest Weather Forecast: Mostly dry this week. Temperatures will be variable.

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
Novmber 37 Dec 213 Dec 53 Dec 24-Jan 4-Dec
December 42 Dec 58 Mar 34 Jan
January 39 March 43 Mar 39 Jan
All basis levels are positive unless noted as negative

Brazil Premiums Soybeans Soybean Meal Soybean Oil Corn
Paranagua Paranagua Paranagua Paranagua
November
December minus 29 Dec 68 Dec
January minus 22 Jan
All basis levels are positive unless noted as negative

DJ ICE Canada Cash Grain Close – Nov 17
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 497.40 dn 1.80
Basis: Thunder Bay
1 Can 529.40 up 2.00
2 Can 516.40 up 2.00
Basis: Vancouver
1 Can 539.40 up 2.00
2 Can 526.40 up 2.00
FEED WHEAT
Lethbridge 217.00 up 4.00
WESTERN BARLEY
Lethbridge 215.00 dn 2.00
All prices in Canadian dollars per metric ton.
*Quote for previous day
Source: Commodity News Service Canada (Dave Sims, cnscanada@shaw.ca, or
204-414-9084)

DJ Malaysian PM Cash Market Prices for Palm Oil – November 20
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
Dec 660.00 -12.50 Unquoted – –
Jan 662.50 – Unquoted – –
Feb/Mar 662.50 – Unquoted – –
Apr/May/Jun 665.00 -15.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Dec 665.00 -12.50 Unquoted – –
Jan 667.50 – Unquoted – –
Feb/Mar 667.50 – Unquoted – –
Apr/May/Jun 670.00 -15.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Dec 682.50 – Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Dec 630.00 – Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Dec 2,610 – Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Dec 340.00 – Unquoted – –
($1=MYR4.1485)

DJ China Dalian Grain Futures Closing Prices, Volume – Nov 20
Soybean No. 1
Turnover: 145,770 lots, or 5.33 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-18 3,620 3,652 3,617 3,636 3,617 3,635 18 121,810 302,366
Mar-18 3,671 3,671 3,671 3,671 3,650 3,671 21 2 32
May-18 3,741 3,783 3,738 3,772 3,750 3,766 16 23,632 72,838
Jul-18 – – – 3,815 3,815 3,815 0 0 4
Sep-18 3,811 3,848 3,810 3,840 3,822 3,831 9 256 1,588
Nov-18 – – – 3,854 3,854 3,854 0 0 4
Jan-19 3,880 3,910 3,880 3,910 3,884 3,903 19 68 276
Mar-19 – – – 3,880 3,880 3,880 0 0 2
May-19 3,902 3,902 3,902 3,902 3,892 3,902 10 2 2
Corn
Turnover: 488,122 lots, or 8.29 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-18 1,682 1,694 1,679 1,690 1,681 1,687 6 380,700 750,174
Mar-18 1,706 1,706 1,700 1,702 1,702 1,700 -2 706 1,812
May-18 1,735 1,744 1,731 1,742 1,731 1,737 6 100,830 376,244
Jul-18 1,758 1,758 1,756 1,758 1,755 1,757 2 28 500
Sep-18 1,751 1,758 1,750 1,758 1,749 1,754 5 5,852 60,234
Nov-18 1,760 1,766 1,760 1,766 1,760 1,762 2 6 52
Soymeal
Turnover: 1,753,904 lots, or 49.98 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Dec-17 – – – 2,881 2,881 2,881 0 0 1,484
Jan-18 2,855 2,909 2,843 2,897 2,853 2,880 27 1,022,536 1,410,874
Mar-18 2,829 2,870 2,829 2,869 2,829 2,853 24 84 258
May-18 2,774 2,833 2,767 2,820 2,766 2,806 40 687,000 1,341,672
Jul-18 2,776 2,832 2,776 2,828 2,777 2,812 35 14 160
Aug-18 2,782 2,829 2,782 2,820 2,771 2,811 40 50 122
Sep-18 2,778 2,832 2,771 2,823 2,773 2,806 33 44,220 130,510
Nov-18 – – – 2,826 2,826 2,826 0 0 2
Palm Oil
Turnover: 389,738 lots, or 21.33 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Dec-17 – – – 5,706 5,706 5,706 0 0 0
Jan-18 5,484 5,496 5,402 5,434 5,490 5,440 -50 258,516 262,174
Feb-18 – – – 5,528 5,578 5,528 -50 0 2
Mar-18 – – – 5,580 5,630 5,580 -50 0 2
Apr-18 5,636 5,636 5,636 5,636 5,726 5,636 -90 2 10
May-18 5,570 5,600 5,506 5,526 5,598 5,540 -58 125,774 278,000
Jun-18 – – – 5,596 5,596 5,596 0 0 10
Jul-18 – – – 5,634 5,692 5,634 -58 0 4
Aug-18 – – – 5,504 5,504 5,504 0 0 2
Sep-18 5,502 5,518 5,444 5,466 5,520 5,470 -50 5,446 27,050
Oct-18 – – – 5,474 5,524 5,474 -50 0 0
Nov-18 – – – 5,514 5,610 5,514 -96 0 0
Soybean Oil
Turnover: 505,312 lots, or 30.16 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Dec-17 – – – 5,894 5,894 5,894 0 0 6
Jan-18 5,974 5,974 5,884 5,914 5,982 5,912 -70 345,548 664,108
Mar-18 – – – 6,018 6,018 6,018 0 0 10
May-18 6,126 6,136 6,058 6,090 6,146 6,086 -60 156,834 361,140
Jul-18 – – – 6,246 6,306 6,246 -60 0 2
Aug-18 – – – 6,194 6,194 6,194 0 0 4
Sep-18 6,226 6,226 6,162 6,194 6,230 6,178 -52 2,930 16,230
Nov-18 – – – 6,308 6,308 6,308 0 0 0
Notes:
1) Unit is Chinese yuan a metric ton;
2) Ch. is day’s settlement minus previous settlement;
3) Volume and open interest are in lots;
4) One lot is equivalent to 10 metric tons.

 

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A Subsidiary of Price Holdings, Inc. – an Employee Owned Diversified Financial Services Firm. Member NIBA, NFA

Past results are not necessarily indicative of future results. Investing in futures can involve substantial risk of loss & is not suitable for everyone. Trading foreign exchange also involves a high degree of risk. The leverage created by trading on margin can work against you as well as for you, and losses can exceed your entire investment. Before opening an account and trading, you should seek advice from your advisors as appropriate to ensure that you understand the risks and can withstand the losses.

The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any securities or futures. The Price Futures Group, its officers, directors, employees, and brokers may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction. Reproduction and/or distribution of any portion of this report are strictly prohibited without the written permission of the author. Trading in futures contracts, options on futures contracts, and forward contracts is not suitable for all investors and involves substantial risks. ©2017

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