Jack Scoville
About The Author

Jack Scoville

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

DJ CBOT Delivery Intentions: Totals – Jan 2
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL January Jan. 03, 2018 300 Dec 28, 2017
SOYBEAN OIL January Jan. 03, 2018 34 Dec 04, 2017
ROUGH RICE January Jan. 03, 2018 314 Dec 29, 2017
SOYBEAN January Jan. 03, 2018 21 Oct 03, 2017

WHEAT
General Comments: US markets closed a little higher again on Friday as forecasts continue for some very cold temperatures to move into the Great Plains this week. The cold has been around for more than a week now and has likely damaged some crops in the Great Plains, and mostly in Kansas. It also remains dry in most of the Great Plains. The crops in the region are not well established, and the cold has come with little snow cover to protect the crops. Less concern is heard about Midwest crops. It has been just as cold, but the crops should be in better condition due to some snow. The weekly charts show that winter wheat price trends are sideways and that both Winter Wheat markets are in longer term sideways trends. Minneapolis weekly charts also show sideways trends and that Minneapolis futures are holding just above some important support areas. The market is also noting dry conditions in western Kansas and other parts of the western Great Plains and the La Nina Winter weather forecast. In fact, a drought has developed in the region and could become serious. The crop has not established itself well due to the dry weather. The market continues to be worried about Russia and its ability to control the world Wheat offer and price. Russia is still exporting a lot of Wheat and has said that it expects another very big crop.
Overnight News: The southern Great Plains should get mostly dry weather. Temperatures should be much below normal. Northern areas should see mostly dry weather. Temperatures should be much below normal. The Canadian Prairies should see mostly dry weather. Temperatures should trend too much below normal.
Chart Analysis: Trends in Chicago are mixed. Support is at 421, 417, and 415 March, with resistance at 429, 434, and 443 March. Trends in Kansas City are mixed. Support is at 418, 416, and 411 March, with resistance at 428, 433, and 441 March. Trends in Minneapolis are mixed. Support is at 611, 608, and 605 March, and resistance is at 622, 625, and 632 March.

COT — Supplemental Report – Option and Futures Combined Positions as of December 26, 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 622,514
: Positions :
: 96,016 255,306 172,837 149,467 119,116 156,679 28,015 574,998 575,273: 47,516 47,241
: Changes from: December 19, 2017 (Change in open interest: -29,812) :
: -5,038 -12,714 -15,765 -5,096 -1,295 -2,888 -452 -28,785 -30,226: -1,027 414
: Percent of Open Interest Represented by Each Category of Trader :
: 15.4 41.0 27.8 24.0 19.1 25.2 4.5 92.4 92.4: 7.6 7.6
: Total Traders: 455 Number of Traders in Each Category :
: 116 163 144 101 98 28 19 338 348:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of December 26, 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 342,709
: Positions :
: 90,937 122,728 55,181 111,290 128,467 58,943 14,788 316,351 321,165: 26,357 21,544
: Changes from: December 19, 2017 (Change in open interest: -1,702) :
: 2,908 2,962 -4,701 -940 59 1,454 1,541 -1,279 -140: -423 -1,562
: Percent of Open Interest Represented by Each Category of Trader :
: 26.5 35.8 16.1 32.5 37.5 17.2 4.3 92.3 93.7: 7.7 6.3
: Total Traders: 306 Number of Traders in Each Category :
: 98 73 88 79 75 21 9 237 215:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 26, 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 70,584 :
: Positions :
: 30,254 36,763 2,910 0 1,568 7,464 5,613 5,082 7,294 6,564 3,085 :
: Changes from: December 19, 2017 :
: -1,118 -1,490 42 0 1 -125 -86 23 -564 326 111 :
: Percent of Open Interest Represented by Each Category of Trader :
: 42.9 52.1 4.1 0.0 2.2 10.6 8.0 7.2 10.3 9.3 4.4 :
: Number of Traders in Each Category Total Traders: 102 :
: 47 40 4 0 4 15 5 4 12 10 12 :
—————————————————————————————————————-

RICE
General Comments: Rice prices were mixed on Friday, with January and deferred months a little higher and March, May, and July a little lower Some early selling was seen that found good buying near the lows from Thursday, but it was a quiet holiday trade overall. The situation for Rice remains somewhat bullish at this time. Mercosur countries have had less to offer, and the US has benefitted from the reduced competition. Year end export sales have not been strong, but export sales were much improved last week due to increased buying from Asian countries. Futures remain undervalued in relationship to the US domestic cash market, but domestic cash markets are reported quiet.
Overnight News: The Delta should get mostly dry weather. Temperatures should be below too much below normal.
Chart Analysis: Trends are down with objectives of 1176, 1170, and 1142 March. Support is at 1180, 1178, and 1172 March, with resistance at 1195, 1200, and 1212 March.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 26, 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 10,613 :
: Positions :
: 6,580 6,115 151 0 0 664 877 81 701 1,442 512 :
: Changes from: December 19, 2017 :
: -768 -575 0 0 0 3 85 0 -8 -269 -629 :
: Percent of Open Interest Represented by Each Category of Trader :
: 62.0 57.6 1.4 0.0 0.0 6.3 8.3 0.8 6.6 13.6 4.8 :
: Number of Traders in Each Category Total Traders: 56 :
: 19 16 . 0 0 4 5 . 9 9 9 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn closed a little lower on Friday and a little lower for the week. There are hopes for increased Corn demand from the export market due to cheap prices, and ethanol demand remains good. The export sales report last week was strong. The trade continues to monitor the dry weather in southern Brazil and Argentina. Some light showers were reported Argentina over the weekend. Forecasts for this week are hot and dry. Some crop losses are increasingly possible and the La Nina conditions imply short soil moisture conditions for most of the growing season. Planting is late this year due to the dry weather. 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. They could cover part of this position this week, but showed little interest in covering before the end of the year. 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 due to the weaker futures prices. Not much selling is reported in South America.
Overnight News:
Chart Analysis: Trends in Corn are mixed. Support is at 349, 346, and 343 December, and resistance is at 354, 360, and 361 March. Trends in Oats are mixed. Support is at 240, 236, and 233 March, and resistance is at 247, 253, and 257 March.

COT — Supplemental Report – Option and Futures Combined Positions as of December 26, 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 1,852,922
: Positions :
: 232,479 471,395 430,319 560,183 675,888 389,279 63,453 1,612,260 1,641,055: 240,662 211,867
: Changes from: December 19, 2017 (Change in open interest: -27,489) :
: 4,999 -14,386 -30,664 -9 17,156 1,151 2,066 -24,523 -25,829: -2,966 -1,660
: Percent of Open Interest Represented by Each Category of Trader :
: 12.5 25.4 23.2 30.2 36.5 21.0 3.4 87.0 88.6: 13.0 11.4
: Total Traders: 811 Number of Traders in Each Category :
: 174 169 194 350 342 30 19 657 636:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 26, 2017
: Reportable Positions :
:————————————————————————————————————- :
: Producer/Merchant : : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables :
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading :
—————————————————————————————————————-
OATS – CHICAGO BOARD OF TRADE (CONTRACTS OF 5,000 BUSHELS) :
CFTC Code #004603 Open Interest is 6,789 :
: Positions :
: 1,628 4,677 193 0 0 625 255 0 2,056 139 453 :
: Changes from: December 19, 2017 :
: -108 -132 -1 0 0 -30 55 0 142 -41 -180 :
: Percent of Open Interest Represented by Each Category of Trader :
: 24.0 68.9 2.8 0.0 0.0 9.2 3.8 0.0 30.3 2.0 6.7 :
: Number of Traders in Each Category Total Traders: 28 :
: 7 11 . 0 0 4 . 0 . 6 6 :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans were lower and the products were slightly higher again on Friday in what seemed to be consolidation and holiday trading. Speculators were on both sides of the market. Speculative short covering and ideas that Soybeans production in southern Brazil and Argentina are still suffering from dry weather remain features of the market. Speculators added to short positions in the data last week and could now cover at least part of these sales. It has been hot and dry in these areas, although some light showers were reported in some of the important growing areas from Buenos Aires into Cordoba over the weekend. Forecasts for this week call for drier and hotter conditions again. US prices are now cheap enough that China is buying much more from the US, and this was seen in the November China data released yesterday. Brazil has been able to capture more business that otherwise would have gone to the US due to the huge crop last year. However, US Soybeans are very well priced right now and demand news over the last couple of weeks has improved.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed to down with objectives of 948 and 932 March. Support is at 955, 950, and 944 March, and resistance is at 966, 976, and 979 March. Trends in Soybean Meal are mixed. Support is at 316.00, 315.00, and 312.00 March, and resistance is at 319.00, 322.00, and 326.00 March. Trends in Soybean Oil are mixed. Support is at 3270, 3250, and 3220 March, with resistance at 3370, 3390, and 3400 March.

COT — Supplemental Report – Option and Futures Combined Positions as of December 26, 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 841,222
: Positions :
: 92,892 174,093 194,306 349,280 337,840 144,846 38,170 781,324 744,409: 59,898 96,813
: Changes from: December 19, 2017 (Change in open interest: -51,987) :
: 5,187 29,550 -26,305 -20,800 -42,978 -5,634 -4,966 -47,552 -44,699: -4,435 -7,288
: Percent of Open Interest Represented by Each Category of Trader :
: 11.0 20.7 23.1 41.5 40.2 17.2 4.5 92.9 88.5: 7.1 11.5
: Total Traders: 615 Number of Traders in Each Category :
: 160 155 226 187 201 28 18 495 517:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of December 26, 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 475,641
: Positions :
: 91,089 93,256 91,089 142,633 243,283 115,617 18,319 440,428 445,947: 35,214 29,694
: Changes from: December 19, 2017 (Change in open interest: -25,349) :
: -5,150 4,177 -22,862 2,593 -6,764 -1,222 -312 -26,640 -25,761: 1,291 412
: Percent of Open Interest Represented by Each Category of Trader :
: 19.2 19.6 19.2 30.0 51.1 24.3 3.9 92.6 93.8: 7.4 6.2
: Total Traders: 312 Number of Traders in Each Category :
: 83 86 100 82 80 23 12 246 236:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of December 26, 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 425,347
: Positions :
: 75,102 43,874 72,622 129,666 265,918 107,794 17,070 385,183 399,484: 40,163 25,863
: Changes from: December 19, 2017 (Change in open interest: -19,834) :
: -5,965 11,306 -5,263 -3,322 -25,840 -1,650 1,406 -16,200 -18,392: -3,634 -1,442
: Percent of Open Interest Represented by Each Category of Trader :
: 17.7 10.3 17.1 30.5 62.5 25.3 4.0 90.6 93.9: 9.4 6.1
: Total Traders: 273 Number of Traders in Each Category :
: 70 56 87 91 85 23 12 238 204:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Canola was a little higher on Friday, but sharply lower for the week on a stronger Canadian Dollar against the US Dollar. It remains very cold in the Prairies and farmers are not willing sellers. Farmers are storing crops now as the harvest is over and as they wait for higher prices, but elevators and crusher appear to have good supplies right now. Palm Oil was higher on good export demand. Recent export data from the private surveyors showed that exports were above month ago levels for the first time in several months. Ideas are that production could be as strong as in any month in the last couple of years. There is a lot of talk that supplies are more than adequate for demand.
Overnight News: SGS said that December Palm Oil exports were 1.439 million tons, from 1.311 million in November. ITS said that exports were 1.422 million tons, from 1.332 miullion last month.
Chart Analysis: Trends in Canola are mixed. Support is at 484.00, 481.00, and 478.00 January, with resistance at 498.00, 501.00, and 503.00 January. Trends in Palm Oil are mixed. Support is at 2450, 2440, and 2410 March, with resistance at 2540, 2560, and 2590 March.

DJ Canadian Oilseed Processors Association Weekly Crush – Dec 29
WINNIPEG–The Canadian Oilseed Processors Association reported
the Canadian oilseed crush for the week ended Dec. 27, 2017 as
follows:
Figures are in metric tons. R-denotes revision.
Cumulative

Week 2017/18 2016/17 2017/18 2016/17
Ended Canola Sybns
Dec 27 178,712 3,767,283 3,793,451 45,974 777,009 809,945
Dec 20 201,677 3,588,571 3,597,531 31,042 731,035 780,871
Dec 13 182,592 3,386,894 3,386,894 50,025 699,993 733,769
Dec 06 196,846 3,204,411 3,246,678 32,763 651,563 697,403
Nov 29 186,297 3,013,982 3,046,994 51,135 625,283 668,463
Crush Capacity Utilization
This week 2017/18 2016/17
Canola 80.6% 85.7% 88.9%
Soybeans 69.9% 59.6% 61.7%
Source: Commodity News Service Canada (cnscanada@shaw.ca,
204-414-9084)

Midwest Weather Forecast: Very cold with some chances for Snow from Thursday to Sunday.

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
January 43 March 225 March 52 March 47 Jan minus 9 Jan
February 42 March 55 March 36 March
March 43 March 55 March 35 March
All basis levels are positive unless noted as negative

Brazil Premiums Soybeans Soybean Meal Soybean Oil Corn
Paraguay Paraguay Paraguay Paraguay
January minus 20 March
February 70 March minus 20 March
March 60 March minus 21 March
All basis levels are positive unless noted as negative

DJ ICE Canada Cash Grain Close – Dec 29
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 467.30 dn 4.90
Basis: Thunder Bay
1 Can 498.70 up 1.40
2 Can 485.70 up 1.40
Basis: Vancouver
1 Can 514.70 up 1.40
2 Can 501.70 up 1.40
FEED WHEAT
Lethbridge 221.00 unchanged
WESTERN BARLEY
Lethbridge 223.00 unchanged
All prices in Canadian dollars per metric ton.
*Quote for previous day
Source: Commodity News Service Canada (cnscanada@shaw.ca,
204-414-9084)

DJ Malaysian PM Cash Market Prices for Palm Oil – January 2
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
Jan 640.00 +15.00 Unquoted – –
Feb 647.50 – Unquoted – –
Mar 657.50 – Unquoted – –
Apr/May/Jun 662.50 +12.50 Unquoted – –
Jul/Aug/Sep 657.50 +12.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Jan 642.50 +15.00 Unquoted – –
Feb 650.00 – Unquoted – –
Mar 660.00 – Unquoted – –
Apr/May/Jun 665.00 +12.50 Unquoted – –
Jul/Aug/Sep 660.00 +12.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Jan 642.50 +15.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Jan 615.00 +10.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jan 2,490 +40.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jan 302.00 +04.00 Unquoted – –
($1=MYR4.0180)

DJ China Dalian Grain Futures Closing Prices, Volume – Jan 02
Soybean No. 1
Turnover: 103,460 lots, or 3.71 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-18 3,035 3,074 3,035 3,048 3,051 3,052 1 7,560 9,418
Mar-18 3,131 3,146 3,123 3,138 3,143 3,138 -5 1,676 9,886
May-18 3,583 3,668 3,583 3,639 3,623 3,635 12 92,242 233,118
Jul-18 – – – 3,681 3,681 3,681 0 0 6
Sep-18 3,689 3,725 3,650 3,703 3,680 3,696 16 1,834 14,882
Nov-18 – – – 3,764 3,764 3,764 0 0 4
Jan-19 3,750 3,791 3,750 3,790 3,761 3,770 9 132 1,204
Mar-19 – – – 3,783 3,783 3,783 0 0 6
May-19 3,860 3,876 3,860 3,861 3,846 3,867 21 16 50
Corn
Turnover: 416,054 lots, or 7.59 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-18 1,731 1,786 1,731 1,780 1,738 1,751 13 7,592 14,326
Mar-18 1,779 1,792 1,777 1,791 1,773 1,784 11 5,066 15,646
May-18 1,818 1,834 1,815 1,829 1,813 1,827 14 372,670 999,692
Jul-18 1,821 1,828 1,821 1,825 1,812 1,824 12 294 1,002
Sep-18 1,792 1,805 1,792 1,800 1,791 1,800 9 30,308 264,998
Nov-18 1,797 1,803 1,797 1,799 1,794 1,800 6 124 724
Soymeal
Turnover: 437,124 lots, or 12.11 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-18 2,987 2,987 2,821 2,850 2,875 2,853 -22 2,020 11,028
Mar-18 2,835 2,843 2,825 2,825 2,852 2,834 -18 8,766 3,696
May-18 2,770 2,777 2,762 2,765 2,780 2,768 -12 391,182 1,964,960
Jul-18 2,775 2,775 2,772 2,772 2,798 2,772 -26 28 742
Aug-18 2,758 2,765 2,757 2,760 2,776 2,759 -17 24 150
Sep-18 2,767 2,769 2,758 2,760 2,770 2,762 -8 35,072 274,274
Nov-18 2,776 2,776 2,769 2,770 2,791 2,770 -21 30 488
Dec-18 2,727 2,727 2,727 2,727 2,780 2,727 -53 2 4
Palm Oil
Turnover: 294,012 lots, or 15.57 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-18 5,040 5,116 5,024 5,116 4,970 5,080 110 2,322 6,262
Feb-18 – – – 5,202 5,090 5,202 112 0 0
Mar-18 – – – 5,244 5,132 5,244 112 0 2
Apr-18 – – – 5,326 5,212 5,326 114 0 24
May-18 5,242 5,334 5,242 5,326 5,230 5,296 66 275,198 505,862
Jun-18 5,354 5,354 5,354 5,354 5,306 5,354 48 2 10
Jul-18 – – – 5,276 5,230 5,276 46 0 0
Aug-18 – – – 5,292 5,246 5,292 46 0 2
Sep-18 5,278 5,364 5,276 5,360 5,268 5,330 62 16,490 57,508
Oct-18 – – – 5,272 5,212 5,272 60 0 0
Nov-18 – – – 5,314 5,254 5,314 60 0 10
Dec-18 – – – 5,382 5,382 5,382 0 0 0
Soybean Oil
Turnover: 300,976 lots, or 17.36 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-18 5,268 5,394 5,256 5,360 5,268 5,330 62 6,040 14,020
Mar-18 5,464 5,482 5,440 5,452 5,394 5,464 70 18 80
May-18 5,686 5,798 5,686 5,780 5,668 5,766 98 277,724 856,442
Jul-18 – – – 5,768 5,768 5,768 0 0 6
Aug-18 – – – 5,780 5,780 5,780 0 0 10
Sep-18 5,840 5,944 5,838 5,928 5,810 5,920 110 17,190 60,044
Nov-18 6,012 6,016 6,012 6,016 5,946 6,014 68 4 12
Dec-18 – – – 6,056 6,056 6,056 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.
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.