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 9
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL January Jan. 10, 2018 170 Jan 08, 2018
SOYBEAN OIL January Jan. 10, 2018 214 Jan 02, 2018
SOYBEAN January Jan. 10, 2018 21 Dec 28, 2017

DJ USDA Grain Inspections for Export in Metric Tons – Jan 8
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 JAN 04, 2018
— METRIC TONS —
————————————————————————-
CURRENT PREVIOUS
———– WEEK ENDING ———- MARKET YEAR MARKET YEAR
GRAIN 01/04/2018 12/28/2017 01/05/2017 TO DATE TO DATE
BARLEY 0 0 0 18,182 28,785
CORN 849,226 726,499 879,966 11,428,938 17,929,224
FLAXSEED 0 0 122 4,673 12,957
MIXED 0 0 0 0 0
OATS 400 0 100 7,587 9,299
RYE 0 0 0 0 0
SORGHUM 839 123,689 192,221 1,643,589 1,980,235
SOYBEANS 1,183,089 1,210,704 1,469,832 29,577,235 34,472,191
SUNFLOWER 0 0 0 0 0
WHEAT 234,418 275,069 263,295 14,765,190 15,801,144
Total 2,267,972 2,335,961 2,805,536 57,445,394 70,233,835
————————————————————————-
CROP MARKETING YEARS BEGIN JUNE 1 FOR WHEAT, RYE, OATS, BARLEY AND
FLAXSEED; SEPTEMBER 1 FOR CORN, SORGHUM, SOYBEANS AND SUNFLOWER SEEDS.
INCLUDES WATERWAY SHIPMENTS TO CANADA.

DJ Survey: USDA U.S. Winter Wheat Seedings Estimates
CHICAGO–The following are analysts’ estimates in millions of acres for 2018-19 U.S. winter wheat that was planted in October and November, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release its report at noon ET on Friday.
U.S. 2018-19 U.S. Winter Wheat Seedings Estimates
Average Range USDA 2017-18
All Winter Wheat 31.4 30.1 – 32.0 32.7
Hard Red Winter 22.4 21.1 – 22.9 23.4
Soft Red Winter 5.5 5.2 – 5.9 5.7
White Winter 3.5 3.1 – 3.8 3.5
All Winter Hard-Red Soft-Red White
Advanced Market 31.8 22.9 5.5 3.4
Agrivisor 31.4 22.4 5.5 3.5
Allendale 31.8 22.8 5.5 3.5
DC Analysis 31.2 22.3 5.4 3.5
Doane 30.1 21.1 5.6 3.4
EDFMan Capital 31 22 5.5 3.5
Farm Futures 31.2 22.9 5.2 3.1
INTL FCStone 31.2 21.9 5.9 3.4
Linn 31.7 22.7 5.5 3.5
Sid Love Consulting 32 22.6 5.9 3.5
MaxYield 31.5
Price Group 30.9 21.9 5.5 3.5
Prime-Ag 31.5 22.5 5.5 3.5
RJ O’Brien 31.2 22.2 5.5 3.5
U.S. Commodities 31.7 22.7 5.6 3.4
Vantage RM 31 22.1 5.5 3.5
Western Milling 31.8 22.6 5.4 3.8
Zaner Ag Hedge 31.8 22.6 5.7 3.5

DJ Survey: Dec. 1 Quarterly Grain, Soybean Stockpiles Estimates
CHICAGO–The following are analysts’ estimates in millions of bushels for December 1 quarterly U.S. grain and soybean stockpiles, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated tables at noon ET on Friday.
U.S. Stockpiles on Dec. 1, 2017 (million bushels)
USDA
Average Range Sept. 2017 Dec. 2016
Corn 12,407 12,230 – 12,675 2,295 12,386
Soybeans 3,186 2,963 – 3,305 301 2,898
Wheat 1,849 1,795 – 1,906 2,253 2,077
Corn Soybeans Wheat
Advanced Market 12,460 3,210 1,824
Agrivisor 12,330 3,175 1,830
Allendale 12,453 3,166 1,837
DC Analysis 12,458 3,203 1,878
Doane 12,420 3,185 1,845
EDFMan Capital 12,365 3,260 1,795
Farm Futures 12,675 3,158 1,892
INTL FCStone 12,270 3,305 1,864
Sid Love Consul 12,250 3,296 1,906
MaxYield 12,400 3,100 1,900
Price Group 12,345 3,150 1,835
Prime-Ag 12,400 3,175 1,850
RJ O’Brien 12,457 3,213 1,834
U.S. Commoditie 12,230 3,197 1,830
Vantage RM 12,562 2,963 1,821
Western Milling 12,343 3,225 1,809
Zaner Ag Hedge 12,495 3,173 1,889

DJ January World Grain, Soybean Stockpiles Estimates — Survey
CHICAGO–The following are analysts’ estimates in millions of metric tons for world grain and soybean ending stockpiles for 2017-18, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated supply and demand tables on Friday at noon ET.
World Stockpiles (million metric tons)
2017-18 USDA
Average Range December
Corn 202.9 198.5-205.8 204.1
Soybeans 99.1 97.0-100.5 98.3
Wheat 267.9 265.0-271.0 268.4
2017-18
Corn Soybeans Wheat
Advanced Market 205.8 99.3 267.8
Agrivisor 200.0 97.5 268.0
Allendale 202.8 99.8 268.6
Doane 204.0 99.0 267.0
Farm Futures 204.0 97.0 268.0
Futures INTL 203.8 99.0 271.0
Hueber Report 203.1 98.2 268.1
INTL FCStone 198.5 100.4 266.7
MaxYield 205.0 100.5 265.0
Northstar 205.0 99.0 269.5
Prime-Ag 204.0 100.0 270.0
RMC 204.0 98.3 268.4
US Commodities 203.0 99.0 269.0
Western Milling 200.0 99.0 265.0
Zaner Ag Hedge 199.9 100.4 266.8

DJ U.S. January Grain, Soybean Stockpiles Estimates — Survey
CHICAGO–The following are analysts’ estimates in millions of bushels for U.S. ending stockpiles for 2017-18, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated supply and demand tables on Friday at noon ET.
U.S. 2017-18 Stockpiles (millions)
USDA
Average Range December 2016-17
Corn 2,414 2,263-2,519 2,437 2,295
Soybeans 477 425-595 445 301
Wheat 962 855-987 960 1,181
2017-18
Corn Soybeans Wheat
Advanced Market 2,450 455 960
Agrivisor 2,330 450 960
Allendale 2,415 543 972
DC Analysis 2,327 486 986
Doane 2,401 460 980
Farm Futures 2,432 444 948
Futures INTL 2,453 496 982
Hueber Report 2,365 442 962
INTL FCStone 2,394 531 986
Linn 2,295 595 937
Sid Love Consulting 2,459 470 960
MaxYield 2,380 425 970
Northstar 2,500 465 980
Price Group 2,263 470 960
Prime-Ag 2,442 450 960
RJ O’Brien 2,465 498 980
RMC 2,437 445 960
US Commodities 2,477 484 855
Vantage RM 2,460 455 970
Western Milling 2,519 491 987
Zaner Ag Hedge 2,435 470 950

DJ U.S. Corn, Soybean Production Estimates — Survey
CHICAGO–The following are analysts’ estimates for 2017 U.S. corn and soybean production in millions of bushels, as compiled by The Wall Street Journal. Yield estimates are in bushels per acre and harvested acres are in million acres. The U.S. Department of Agriculture is scheduled to release its monthly estimates on Friday at noon ET.
U.S. Corn, Soybean Production (million bushels)
USDA
Average Range November 2016
Corn Production 14,557 14,434-14,663 14,578 15,148
Corn Yield 175.2 173.7-176.4 175.4 174.6
Harvested Acres 83.1 82.9-83.2 83.1 86.7
Soybean Production 4,425 4,385-4,466 4,425 4,296
Soybean Yield 49.4 49.0-49.9 49.5 52.0
Harvested Acres 89.5 89.4-89.9 89.5 82.7
Corn Soybean
Production Yield Harvested Production Yield Harvested
Acres
Advanced Market 14,600 175.7 83.1 4,441 49.4 89.9
Agrivisor 14,471 174.1 83.1 4,415 49.3 89.5
Allendale 14,545 175.4 83.0 4,410 49.3 89.5
DC Analysis 14,592 175.6 83.1 4,425 49.5 89.5
Doane 14,546 175.0 83.1 4,425 49.5 89.5
Farm Futures 14,663 176.2 83.2 4,404 49.0 89.9
Futures INTL 14,568 175.2 83.1 4,421 49.4 89.5
Hueber Report 14,503 175.0 82.9 4,417 49.4 89.4
INTL FCStone 14,434 173.7 N/A 4,466 49.9 N/A
Linn 14,600 N/A N/A 4,440 N/A N/A
Sid Love Consultin 14,600 175.7 83.1 4,425 49.5 89.5
MaxYield 14,600 175.6 83.1 4,450 49.8 89.5
North Star 14,645 176.4 83.1 4,425 49.5 89.5
Price Group 14,453 173.9 83.1 4,410 49.2 89.5
Prime-Ag 14,608 176.0 83.0 4,405 49.2 89.5
RJ O’Brien 14,630 176.0 N/A 4,448 49.7 N/A
RMC 14,526 174.8 N/A 4,425 49.5 N/A
US Commodities 14,592 175.6 83.1 4,439 49.6 89.5
Vantage RM 14,578 175.4 83.1 4,425 49.5 89.5
Western Milling 14,459 174.0 N/A 4,430 49.5 N/A
Zaner Ag Hedge 14,476 174.2 83.1 4,385 49.0 89.5

WHEAT
General Comments: US markets closed a little lower again yesterday on US Dollar strength and fears of weakening demand. US prices are a little higher than Russian prices, but the US has far less Wheat to sell and will have far less Wheat this year due to the bad weather seen in Great Plains production areas so far this marketing year. It remains dry in most of the Great Plains, and it has turned warmer after the big freeze event of last week. The crops in the region are not well established, and the cold had come with little snow cover to protect the crops. Less concern was heard about Midwest crops. The daily and weekly charts show that Winter Wheat trends are turning up despite the price action yesterday. The weekly charts show that Minneapolis wheat price trends are sideways. USDA will issue its Winter Wheat plantings reports along with new supply and demand estimates on Friday. Price Group expects all Winter Wheat area at only 30.65 million acres. Hard Red Winter area could be 21.89 million acres and Soft Red Winter area could be 21.89 million acres. Quarterly stocks could be about1.835 billion bushels, and USDA should leave its ending stocks estimates unchanged at 960 million bushels.
Overnight News: The southern Great Plains should get mostly dry weather, but precipitation is likely on Wednesday and Thursday. Temperatures should trend to above normal through Wednesday, than below normal. Northern areas should see mostly dry weather. Temperatures should trend to below normal. The Canadian Prairies should see Snow in the north today, than mostly dry weather. Temperatures should average much below normal.
Chart Analysis: Trends in Chicago are mixed to up with objectives of 462 and 486 March. Support is at 424, 421, and 417 March, with resistance at 437, 443, and 445 March. Trends in Kansas City are mixed to up with objectives of 446, 462, and 464 March. Support is at 424, 418, and 416 March, with resistance at 442, 451, and 486 March. Trends in Minneapolis are mixed to up with no objectives. Support is at 617, 612, and 611 March, and resistance is at 632, 646, and 651 March.

RICE
General Comments: Rice prices closed higher again yesterday and trends are turning up on the daily charts. Weekly charts still show down trends. The price action from the last couple of days last week would imply that bearish traders have pushed the market to low enough levels and that at least a more two-sided trade can be expected this week. The cash market remains rather quiet. The situation for Rice remains somewhat bullish at this time. USDA will issue its latest production and supply and demand reports on Friday. Little overall changer is expected on production. Demand has been at least as strong as expected and USDA could increase export demand slightly and reduce ending stocks slightly.
Overnight News: The Delta should get rain and snow about Thursday. Temperatures should be above normal through Thursday, then below normal again.
Chart Analysis: Trends are mixed to up with objectives of 1204 and 1229 March. Support is at 1177, 1170, and 1161 March, with resistance at 1200, 1212, and 1220 March.

CORN AND OATS
General Comments: Corn closed lower and near the bottom end of the recent trading range. Oats were higher in March, but a little lower in deferred months and trends are still turning up in that market on the daily charts. Weaker demand news from exports and ethanol hurt the price action in Corn late last week and hurt the price action again yesterday. There are hopes for increased Corn demand from the export market due to cheap prices, and ethanol demand remains good. However, ethanol production was lower in the latest report. More moderate temperatures are in the forecast for this week and many cattle areas will see above normal readings for the first time in a couple of weeks. The trade continues to monitor the dry weather in southern Brazil and Argentina. Forecasts for this week are mostly 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. USDA will issue its latest production and supply and demand estimates at the end of the week. Price Group expects USDA to estimate Corn production a little lower at 14.453 billion bushels on a yield of 173.9 bushels per acre. Ending stocks should be near 2.263 billion bushels.
Overnight News:
Chart Analysis: Trends in Corn are mixed to down with objectives of 345 and 341 March. Support is at 346, 343, and 340 March, and resistance is at 352, 354, and 360 March. Trends in Oats are up with objectives of 255, 260, and 264 March. Support is at 243, 239, and 236 March, and resistance is at 253, 257, and 260 March.

SOYBEANS AND PRODUCTS
General Comments: Soybean Meal was slightly higher, but Soybeans and Soybean Oil closed a little lower. Traders are looking ahead to the USDA reports on Friday and are also watching the weather in South America. Ideas that Soybeans production in southern Brazil and Argentina are still suffering from dry weather are still the main features of the market. However, there are rains forecast for next week in the driest areas, so some of the recent buyers started to sell. Speculators remain very short in Soybeans and Soybean Meal and are trying to reduce these positions. US prices are now cheap enough that China is buying much more from the US, and it might continue to buy depending on the growing conditions the rest of the year in southern South America. Soybean Oil is expecting to see increased demand as the tariffs on imports from Argentina and Indonesia for vegetable oils and bio fuels becomes effective. USDA will issue its production and supply and demand estimates on Friday. Price Group expects production near 4.425 billion bushel son an average national yield of 49.5 bushels per acre. Soybeans quarterly stocks are estimated at 3.150 billion bushels and ending stocks are estimated at 470 million bushels.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed. Support is at 959, 955, and 950 March, and resistance is at 968, 970, and 977 March. Trends in Soybean Meal are mixed to up with objectives of 325.00 and 331.00 March. Support is at 319.00, 316.00, and 315.00 March, and resistance is at 326.00, 329.00, and 331.00 March. Trends in Soybean Oil are mixed to up with objectives of 3500 and 3640 March. Support is at 3330, 3300, and 3270 March, with resistance at 3370, 3410, and 3430 March.

CANOLA AND PALM OIL
General Comments: Canola was a little lower again yesterday as the market watches Brazil and as vegetable oils worldwide are showing price strength and also the Canadian Dollar that has moved higher. Canola rallied on the ongoing dryer than normal weather in Argentina and southern Brazil that might hurt yields and production potential in affected areas. 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 lower on some selling ahead of the private export data that comes out tomorrow and the MPOB estimates this week. Demand ideas vary as the Malaysian government has cancelled export tariffs for now. The market has been strong recently due to good export demand, so the elimination of taxes should mean higher prices paid internally to producers and processors. Speculators appeared to be the best buyers as chart trends turned up. 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:
Chart Analysis: Trends in Canola are mixed. Support is at 492.00, 490.00, and 485.00 January, with resistance at 500.00, 502.00, and 507.00 January. Trends in Palm Oil are up with objectives of 2690 and 2830 March. Support is at 2560, 2550, and 2510 March, with resistance at 2630, 2650, and 2670 March.

Trade Estimates for the Monthly MPOB Supply and Demand Report:
Observation period : December
Frequency : Monthly
Release date : Wednesday, 10 Jan
Forecast as follows:
Production – 1.82 mil tonnes, Down 6.6%
Exports – 1.46 mil tonnes, Up 7.8%
Ending Stocks – 2.69 mil tonnes, Up 5.1%
Prior reading as follows:
Production – 1.94 mil tonnes, Down 3.3%
Exports – 1.35 mil tonnes, Down 11.9%
Ending Stocks – 2.19 mil tonnes, Up 16.0%

Midwest Weather Forecast: Very cold with some chances for Snow from Thursday to Sunday Warm and wet early this week..

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
January 39 March 245 March 55 March 49 March 1-Mar
February 41 March 50 March 36 March
March 42 March 54 March 37 March
All basis levels are positive unless noted as negative

Brazil Premiums Soybeans Soybean Meal Soybean Oil Corn
Paraguay Paraguay Paraguay Paraguay
January minus 16 March 100 March
February 80 March minus 17 March
March 67 May minus 18 March
All basis levels are positive unless noted as negative

DJ ICE Canada Cash Grain Close – Jan 8
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 480.20 dn 0.70
Basis: Thunder Bay
1 Can 506.40 dn 1.80
2 Can 493.40 dn 1.80
Basis: Vancouver
1 Can 522.40 dn 1.80
2 Can 509.40 dn 1.80
FEED WHEAT
Lethbridge 222.00 unchanged
WESTERN BARLEY
Lethbridge 220.00 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 9
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 662.50 0.00 Unquoted – –
Feb 667.50 0.00 Unquoted – –
Mar 672.50 -02.50 Unquoted – –
Apr/May/Jun 675.00 -02.50 Unquoted – –
Jul/Aug/Sep 667.50 -02.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Jan 665.00 0.00 Unquoted – –
Feb 670.00 0.00 Unquoted – –
Mar 675.00 -02.50 Unquoted – –
Apr/May/Jun 677.50 -02.50 Unquoted – –
Jul/Aug/Sep 670.00 -02.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Jan 670.00 0.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Jan 632.50 -02.50 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jan 2,580.00 0.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jan 318.00 -02.00 Unquoted – –
($1=MYR4.000)

DJ China Dalian Grain Futures Closing Prices, Volume – Jan 09
Soybean No. 1
Turnover: 143,698 lots, or 5.26 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-18 3,185 3,226 3,170 3,180 3,112 3,196 84 2,132 6,642
Mar-18 3,250 3,299 3,226 3,234 3,209 3,271 62 7,650 13,508
May-18 3,693 3,707 3,672 3,676 3,673 3,689 16 129,430 235,374
Jul-18 3,752 3,752 3,694 3,694 3,691 3,721 30 6 2
Sep-18 3,749 3,757 3,727 3,730 3,728 3,743 15 4,266 16,884
Nov-18 – – – 3,738 3,738 3,738 0 0 4
Jan-19 3,861 3,861 3,808 3,808 3,813 3,821 8 150 1,428
Mar-19 – – – 3,859 3,859 3,859 0 0 6
May-19 3,901 3,915 3,894 3,894 3,896 3,900 4 64 156
Corn
Turnover: 575,530 lots, or 10.47 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-18 1,835 1,835 1,835 1,835 1,863 1,835 -28 200 4,346
Mar-18 1,833 1,840 1,822 1,836 1,834 1,832 -2 9,036 20,802
May-18 1,824 1,828 1,816 1,826 1,837 1,821 -16 517,492 1,022,364
Jul-18 1,824 1,826 1,821 1,822 1,834 1,823 -11 518 1,068
Sep-18 1,798 1,801 1,792 1,799 1,805 1,796 -9 48,220 286,104
Nov-18 1,793 1,798 1,790 1,797 1,801 1,793 -8 64 784
Soymeal
Turnover: 743,882 lots, or 20.68 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-18 – – – 2,816 2,816 2,816 0 0 700
Mar-18 2,817 2,837 2,817 2,827 2,824 2,827 3 15,860 4,610
May-18 2,771 2,789 2,768 2,776 2,773 2,779 6 647,806 1,982,990
Jul-18 2,795 2,795 2,782 2,782 2,778 2,790 12 34 732
Aug-18 – – – 2,764 2,764 2,764 0 0 136
Sep-18 2,765 2,779 2,763 2,769 2,767 2,771 4 80,082 365,320
Nov-18 2,774 2,785 2,773 2,774 2,773 2,780 7 94 598
Dec-18 2,773 2,774 2,773 2,774 2,772 2,773 1 6 22
Palm Oil
Turnover: 244,122 lots, or 13.05 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-18 – – – 5,128 5,128 5,128 0 0 3,524
Feb-18 – – – 5,212 5,212 5,212 0 0 6
Mar-18 – – – 5,284 5,284 5,284 0 0 2
Apr-18 – – – 5,360 5,360 5,360 0 0 20
May-18 5,344 5,368 5,324 5,366 5,322 5,344 22 224,360 493,518
Jun-18 – – – 5,396 5,396 5,396 0 0 8
Jul-18 – – – 5,316 5,316 5,316 0 0 0
Aug-18 – – – 5,354 5,332 5,354 22 0 2
Sep-18 5,352 5,380 5,342 5,380 5,334 5,362 28 19,762 64,608
Oct-18 – – – 5,300 5,274 5,300 26 0 0
Nov-18 – – – 5,394 5,366 5,394 28 0 10
Dec-18 – – – 5,446 5,418 5,446 28 0 0
Soybean Oil
Turnover: 250,634 lots, or 14.51 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-18 5,422 5,422 5,422 5,422 5,422 5,418 -4 1,122 4,296
Mar-18 5,536 5,536 5,536 5,536 5,524 5,536 12 2 52
May-18 5,778 5,794 5,754 5,794 5,778 5,778 0 232,778 894,226
Jul-18 – – – 5,780 5,780 5,780 0 0 6
Aug-18 – – – 5,868 5,868 5,868 0 0 10
Sep-18 5,920 5,938 5,902 5,938 5,914 5,920 6 16,732 93,584
Nov-18 – – – 6,016 6,016 6,016 0 0 10
Dec-18 – – – 5,942 5,936 5,942 6 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

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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. ©2018

Questions? Ask Jack Scoville today at 312-264-4322         A Subsidiary of Price Holdings, Inc. – a 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. ©2018