Jack Scoville
About The Author

Jack Scoville

Jack Scoville is an often quoted market analyst in the grain and soft commodities sectors. You will find his commentary throughout the Reuters, Wall Street Journal, Dow Jones, Bloomberg, and Barron's publications. Contact Mr. Scoville at (312) 264-4322

DJ USDA Grain Inspections for Export in Metric Tons – Nov 27
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 NOV 23, 2017
— METRIC TONS —
————————————————————————-
CURRENT PREVIOUS
———– WEEK ENDING ———- MARKET YEAR MARKET YEAR
GRAIN 11/23/2017 11/16/2017 11/24/2016 TO DATE TO DATE
BARLEY 0 318 538 16,324 26,143
CORN 638,711 659,761 828,927 7,249,396 12,567,302
FLAXSEED 0 48 24 4,159 11,856
MIXED 0 0 0 0 0
OATS 299 100 0 4,991 6,599
RYE 0 0 0 0 0
SORGHUM 107,761 65,725 165,790 815,430 991,346
SOYBEANS 1,578,592 2,275,512 2,243,967 20,908,394 24,181,859
SUNFLOWER 0 0 0 0 0
WHEAT 344,721 260,304 245,404 12,341,580 13,114,460
Total 2,670,084 3,261,768 3,484,650 41,340,274 50,899,565
————————————————————————-
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.

Crop Progress
Date 26-Nov 19-Nov 2016 Avg
Cotton Harvested 79 74 76 80
Corn Harvested 95 90 98 98
Sorghum Harvested 95 90 96 96
Winter Wheat Emerged 92 88 92 92
Sunflowers Harvested 93 88 97 93

Crop Condition
Very Poor Poor Fair Good Very Good
Winter Wheat This Week 3 9 38 43 7
Winter Wheat Last Week 3 8 37 44 8
Winter Wheat Last Year 2 8 32 47 11

WHEAT
General Comments: Wheat closed lower again yesterday on news that Australia was the lowest offer to Iraq in a tender. The US had hoped to do a lot of that business, but now it looks like most will go to someone else. It was another bit of bad demand news for a market that needs something to happen in a good way. The weekly crop progress and condition report from USDA was in line with trade expectations. The demand in the export market has not developed as the bulls had hoped as the demand for higher protein wheat has not been strong enough to overcome the market dominance of Russia. Short term trends are down on the daily charts. The markets are consumed with ideas that all the demand is flowing to countries other than the US, and mostly to Russia. 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. World estimates in general remain large and US offers need to be low to take business. 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.
Overnight News: The southern Great Plains should get mostly dry weather. Temperatures should be above normal. Northern areas should get mostly dry weather. Temperatures should be above normal. The Canadian Prairies should see mostly dry weather. Temperatures should trend to above normal.
Chart Analysis: Trends in Chicago are down with objectives of 411 and 401 December. Support is at 408, 402, and 396 December, with resistance at 418, 421, and 428 December. Trends in Kansas City are down with objectives of 405, 402, and 398 December. Support is at 405, 402, and 399 December, with resistance at 415, 418, and 424 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 625, 636, and 642 December.

COT — Supplemental Report – Option and Futures Combined Positions as of November 21, 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 697,047
: Positions :
: 99,092 231,122 234,781 150,433 153,612 163,969 28,396 648,276 647,913: 48,771 49,134
: Changes from: November 14, 2017 (Change in open interest: -6,991) :
: 2,358 2,438 -4,616 -1,281 -2,779 -3,345 -1,893 -6,883 -6,849: -108 -141
: Percent of Open Interest Represented by Each Category of Trader :
: 14.2 33.2 33.7 21.6 22.0 23.5 4.1 93.0 93.0: 7.0 7.0
: Total Traders: 453 Number of Traders in Each Category :
: 117 166 168 98 103 26 16 354 357:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of November 21, 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 332,484
: Positions :
: 82,604 106,738 59,481 109,619 132,917 53,858 8,381 305,562 307,518: 26,922 24,966
: Changes from: November 14, 2017 (Change in open interest: 1,082) :
: -1,200 6,806 -2,340 2,668 -5,685 276 2,234 -596 1,015: 1,678 68
: Percent of Open Interest Represented by Each Category of Trader :
: 24.8 32.1 17.9 33.0 40.0 16.2 2.5 91.9 92.5: 8.1 7.5
: Total Traders: 296 Number of Traders in Each Category :
: 88 71 83 89 79 20 6 232 211:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 21, 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 83,081 :
: Positions :
: 34,960 49,141 3,286 0 2,842 8,337 1,326 4,137 8,277 7,122 6,552 :
: Changes from: November 14, 2017 :
: -3,173 -976 -154 -1 308 353 6 -211 370 -1,217 240 :
: Percent of Open Interest Represented by Each Category of Trader :
: 42.1 59.1 4.0 0.0 3.4 10.0 1.6 5.0 10.0 8.6 7.9 :
: Number of Traders in Each Category Total Traders: 122 :
: 53 46 5 . 5 20 . 5 18 12 23 :
—————————————————————————————————————-

RICE
General Comments: Rice closed lower yesterday as trading got more animated after the Thanksgiving Holiday here. It looked like new speculative selling hit the pits as reports from the country indicate that the cash market remains slow and steady. Cash markets in the southern Delta and into Texas are firm on tight supplies, while markets farther north are very quiet and steady. 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, but showers are likely mid week. Temperatures should be near to above normal through Wednesday, then near to below normal
Chart Analysis: Trends are mixed to up with objectives of 1274 and 1301 January. Support is at 1225, 1216, and 1212 January, with resistance at 1263, 1277, and 1286 January.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 21, 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 11,887 :
: Positions :
: 7,774 6,646 162 0 0 525 1,041 0 659 1,657 1,161 :
: Changes from: November 14, 2017 :
: 26 621 0 0 0 2 -550 0 126 -24 -65 :
: Percent of Open Interest Represented by Each Category of Trader :
: 65.4 55.9 1.4 0.0 0.0 4.4 8.8 0.0 5.5 13.9 9.8 :
: Number of Traders in Each Category Total Traders: 59 :
: 20 16 . 0 0 . 7 0 11 10 13 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn was lower on follow through selling. The funds were the best s3ellers, and there just has not been enough demand round to Support prices where they are. There was also some selling around on ideas of good conditions for crops in South America. The trade has been looking at the potential for dry weather to develop in southern Brazil and Argentina due to La Nina, but so far the drought has not been seen. Forecasts are calling for better rains in the drier pockets of Argentina this week. Ideas of big supplies and less than great demand keep pulling the market down fundamentally, but the funds have established a huge and near record short position in futures and might not be able to sell much more. Farmers in the US are not selling much Corn 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. Not much selling is reported in South America.
Overnight News:
Chart Analysis: Trends in Corn are mixed to down with objectives of 339, 334, and 333 December. Support is at 339, 336, and 334 December, and resistance is at 344, 347, and 348 December. Trends in Oats are mixed to down with objectives of 243 and 235 December. Support is at 248, 246, and 244 December, and resistance is at 255, 259, and 261 December.

COT — Supplemental Report – Option and Futures Combined Positions as of November 21, 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 2,082,562
: Positions :
: 238,587 488,370 545,658 647,103 730,987 399,396 78,858 1,830,744 1,843,872: 251,818 238,690
: Changes from: November 14, 2017 (Change in open interest: -45,273) :
: 4,952 -9,614 -19,171 -30,137 -954 5,943 2,515 -38,414 -27,224: -6,858 -18,049
: Percent of Open Interest Represented by Each Category of Trader :
: 11.5 23.5 26.2 31.1 35.1 19.2 3.8 87.9 88.5: 12.1 11.5
: Total Traders: 831 Number of Traders in Each Category :
: 202 182 221 353 341 27 16 693 665:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 21, 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 8,910 :
: Positions :
: 1,771 6,200 190 0 0 1,527 0 0 1,783 284 1,241 :
: Changes from: November 14, 2017 :
: -221 -334 0 0 0 -62 0 0 74 131 -354 :
: Percent of Open Interest Represented by Each Category of Trader :
: 19.9 69.6 2.1 0.0 0.0 17.1 0.0 0.0 20.0 3.2 13.9 :
: Number of Traders in Each Category Total Traders: 40 :
: 10 11 . 0 0 10 0 0 8 7 10 :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans and Soybean Meal were higher, but Soybean Oil was lower. Soybeans once again challenged resistance at 1000 January and once again failed. It could be that the rally is running out of the steam and a move lower is coming. Soybean Meal, however, is keeping Soybeans underpinned as China moves to import more DDGS and Soybean Meal for its hogs and as traders unwind spreads against Soybean Oil. Soybean Oil was lower as the government is set to released new bio fuels mandates and there are fears that the overall demand from the mandates can be reduced. The fundamental reason for Soybeans to work lower was fears of reduced Chinese demand and ideas of improved planting conditions in Brazil and Argentina. China might be forced to reduce demand as the government is making it harder to get safety permits and also is making some economic changes that could make getting credit harder. 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. Argentina is expected to see some rain in the driest areas during the week, and this rains will be very beneficial if they come. The improved weather in South America has removed a potentially bullish price factor for now.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed to up with objectives of 1000 January. Support is at 991, 983, and 977 January, and resistance is at 1001, 1005, and 1012 January. Trends in Soybean Meal are up with no objectives. Support is at 322.00, 320.00, and 317.00 December, and resistance is at 330.00, 332.00, and 334.00 December. Trends in Soybean Oil are down with objectives of 3280, 3250, and 3220 December. Support is at 3330, 3290, and 3230 December, with resistance at 3400, 3450, and 3480 December.

SOYBEANS – CHICAGO BOARD OF TRADE
CFTC Code #005602 Open Interest is 833,552
: Positions :
: 94,814 108,464 208,254 322,342 394,238 148,009 30,835 773,418 741,792: 60,134 91,760
: Changes from: November 14, 2017 (Change in open interest: 8,801) :
: -11,120 -8,879 1,798 10,874 13,293 3,932 5,269 5,485 11,480: 3,317 -2,679
: Percent of Open Interest Represented by Each Category of Trader :
: 11.4 13.0 25.0 38.7 47.3 17.8 3.7 92.8 89.0: 7.2 11.0
: Total Traders: 622 Number of Traders in Each Category :
: 139 179 236 185 217 26 14 496 529:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of November 21, 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 515,462
: Positions :
: 97,574 54,742 130,232 130,805 277,725 122,189 24,356 480,799 487,054: 34,662 28,407
: Changes from: November 14, 2017 (Change in open interest: 7,223) :
: -2,557 1,334 2,092 5,777 -843 3,006 3,073 8,318 5,656: -1,095 1,567
: Percent of Open Interest Represented by Each Category of Trader :
: 18.9 10.6 25.3 25.4 53.9 23.7 4.7 93.3 94.5: 6.7 5.5
: Total Traders: 311 Number of Traders in Each Category :
: 87 75 116 74 79 22 11 256 235:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of November 21, 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 442,489
: Positions :
: 57,942 43,625 84,008 148,478 259,795 106,759 22,759 397,188 410,187: 45,301 32,302
: Changes from: November 14, 2017 (Change in open interest: 4,996) :
: 2,621 -6,347 1,693 -543 14,305 1,649 191 5,419 9,842: -423 -4,845
: Percent of Open Interest Represented by Each Category of Trader :
: 13.1 9.9 19.0 33.6 58.7 24.1 5.1 89.8 92.7: 10.2 7.3
: Total Traders: 280 Number of Traders in Each Category :
: 70 62 92 96 93 21 13 238 221:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Canola was lower on in line with Chicago Soybean Oil. World vegetable oils in general were weak yesterday on demand fears and as the weather in South America is holding good so far. Demand is called steady, especially from processors. 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 on weaker export demand and ideas of strong production. ITS and SGS continue to report less exports this month, and the trend is expected to continue into next month.. India has imposed a tax on vegetable oil imports to protect local industry, and this just points up the demand issues for Palm Oil. 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: SGS said yesterday that Malaysiuan Palom Oil exports are 1.094 million tons so far this month, from 1.197 million tons last month. ITS said that exports were 1.079 million tons, from 1.177 million last month.
Chart Analysis: Trends in Canola are down with objectives of 502.00 January. Support is at 504.00, 500.00, and 498.00 January, with resistance at 512.00, 515.00, and 517.00 January. Trends in Palm Oil are down with objectives of 2560 and 2500 February. Support is at 2570, 2540, and 2510 February, with resistance at 2610, 2650, and 2680 February.

Midwest Weather Forecast: Mostly dry this week, but some showers are possible late in the week. Temperatures will be variable.

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
Novmber 38 Dec 225 Dec 53 Dec 20-Jan minus 9 Dec
December 41 Dec 58 Mar 31-Jan
January 42 March 43 Mar 37 Jan
All basis levels are positive unless noted as negative

Brazil Premiums Soybeans Soybean Meal Soybean Oil Corn
Paranagua Paranagua Paranagua Paranagua
November
December 67 Dec
January minus 21 Jan
All basis levels are positive unless noted as negative

DJ ICE Canada Cash Grain Close – Nov 27
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 491.49 dn 1.70
Basis: Thunder Bay
1 Can 517.80 dn 3.20
2 Can 504.80 dn 3.20
Basis: Vancouver
1 Can 527.80 dn 3.20
2 Can 514.80 dn 3.20
FEED WHEAT
Lethbridge 220.00 unchanged
WESTERN BARLEY
Lethbridge 219.00 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 – Nov 28
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Tuesday, 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 645.00 -02.50 Unquoted – –
Jan 650.00 -05.00 Unquoted – –
Feb/Mar 655.00 -02.50 Unquoted – –
Apr/May/Jun 665.00 -02.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Dec 647.50 -02.50 Unquoted – –
Jan 652.50 -05.00 Unquoted – –
Feb/Mar 657.50 -02.50 Unquoted – –
Apr/May/Jun 667.50 -02.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Dec 665.00 -02.50 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Dec 617.50 -02.50 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Dec 2530.00 -20.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Dec 325.00 -04.00 Unquoted – –
($1=MYR4.1010)

DJ China Dalian Grain Futures Closing Prices, Volume – Nov 28
Soybean No. 1
Turnover: 97,636 lots, or 3.62 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-18 3,674 3,677 3,656 3,666 3,667 3,666 -1 64,328 234,064
Mar-18 3,707 3,727 3,707 3,727 3,732 3,717 -15 4 34
May-18 3,808 3,809 3,782 3,788 3,806 3,794 -12 32,966 120,176
Jul-18 – – – 3,815 3,815 3,815 0 0 4
Sep-18 3,859 3,862 3,842 3,845 3,858 3,851 -7 286 1,704
Nov-18 – – – 3,854 3,854 3,854 0 0 4
Jan-19 3,934 3,935 3,908 3,908 3,928 3,919 -9 44 284
Mar-19 – – – 3,901 3,901 3,901 0 0 2
May-19 3,981 3,981 3,953 3,953 3,956 3,961 5 8 8
Corn
Turnover: 276,724 lots, or 4.76 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-18 1,703 1,710 1,700 1,707 1,703 1,704 1 195,996 656,748
Mar-18 1,716 1,717 1,710 1,715 1,713 1,713 0 58 6,172
May-18 1,752 1,757 1,751 1,755 1,750 1,753 3 72,242 481,876
Jul-18 – – – 1,768 1,768 1,768 0 0 490
Sep-18 1,762 1,767 1,762 1,765 1,761 1,763 2 8,384 74,516
Nov-18 1,776 1,778 1,772 1,778 1,778 1,777 -1 44 46
Soymeal
Turnover: 895,526 lots, or 25.53 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Dec-17 – – – 2,940 2,940 2,940 0 0 1,476
Jan-18 2,898 2,909 2,892 2,898 2,903 2,901 -2 245,606 973,328
Mar-18 2,847 2,863 2,847 2,856 2,864 2,854 -10 12 304
May-18 2,831 2,845 2,819 2,832 2,837 2,833 -4 609,122 1,689,878
Jul-18 – – – 2,837 2,837 2,837 0 0 168
Aug-18 – – – 2,824 2,836 2,824 -12 0 136
Sep-18 2,818 2,832 2,812 2,819 2,828 2,822 -6 40,786 158,332
Nov-18 – – – 2,826 2,826 2,826 0 0 2
Palm Oil
Turnover: 265,804 lots, or 14.35 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Dec-17 – – – 5,504 5,504 5,504 0 0 0
Jan-18 5,310 5,338 5,294 5,320 5,338 5,318 -20 61,594 157,556
Feb-18 – – – 5,414 5,414 5,414 0 0 2
Mar-18 – – – 5,440 5,460 5,440 -20 0 2
Apr-18 5,492 5,492 5,492 5,492 5,522 5,492 -30 2 10
May-18 5,418 5,440 5,404 5,428 5,442 5,422 -20 199,056 364,372
Jun-18 – – – 5,558 5,558 5,558 0 0 10
Jul-18 5,528 5,528 5,528 5,528 5,592 5,528 -64 2 2
Aug-18 – – – 5,450 5,450 5,450 0 0 2
Sep-18 5,394 5,418 5,394 5,412 5,424 5,404 -20 5,150 37,880
Oct-18 – – – 5,416 5,416 5,416 0 0 0
Nov-18 – – – 5,434 5,434 5,434 0 0 0
Soybean Oil
Turnover: 250,988 lots, or 15.01 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Dec-17 5,808 5,808 5,808 5,808 5,808 5,808 0 4 2
Jan-18 5,880 5,896 5,860 5,870 5,900 5,882 -18 123,602 534,328
Mar-18 – – – 5,996 5,996 5,996 0 0 14
May-18 6,066 6,084 6,046 6,056 6,092 6,068 -24 122,688 469,108
Jul-18 – – – 6,136 6,136 6,136 0 0 6
Aug-18 – – – 6,144 6,144 6,144 0 0 4
Sep-18 6,192 6,206 6,176 6,182 6,204 6,190 -14 4,694 24,684
Nov-18 – – – 6,206 6,220 6,206 -14 0 2
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

 

View Morning Grains Archiveswww.pricegroup.com

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

Leave a Reply

Your email address will not be published. Required fields are marked *

Security Question * * Time limit is exhausted. Please reload CAPTCHA.