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 11
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL January Jan. 12, 2018 27 Jan 09, 2018
SOYBEAN OIL January Jan. 12, 2018 28 Jan 09, 2018
ROUGH RICE January Jan. 12, 2018 26 Jan 10, 2018
SOYBEAN January Jan. 12, 2018 276 Jan 09, 2018

DJ Brazil Raises 2017-2018 Soybean, Corn Crop Forecasts, Citing Good Weather
By Jeffrey T. Lewis
SAO PAULO–Brazilian agriculture agency Conab raised its estimates for the country’s soybean and corn harvests in the 2017-2018 growing season as good weather helped the crops.
Brazilian farmers will produce 110.4 million metric tons of soybeans in the season, Conab said Thursday, up from its forecast of 109.2 million tons in December. Brazil produced a record 114.1 million tons of soybeans in the 2016-2017 season.
Conab forecast a total corn crop of 92.3 million metric tons in the 2017-2018 season, up from the 92.2 million tons the agency forecast in December, though less than the 97.8 million tons produced in 2016-2017.
Brazil’s mild winters permit the country’s farmers to grow two crops of corn a year.

DJ U.S. Export Sales: Weekly Sales Totals – Jan 11
For the week ended Jan 4, in thousand metric tons, except cotton in
thousand running bales. Net changes in commitments are gross sales,
less cancellations, buy-backs and other downward adjustments. Total
commitments are total export shipments plus total sales.
The marketing year for wheat and barley began Jun 1, cotton and
and rice Aug 1, corn, soybeans and sorghum Sep 1, and soymeal and
soyoil Oct 1. Source: USDA
wk’s net chg total
in commitments undlvd sales
this yr next yr this yr last yr this yr next yr
wheat 71.5 0.0 19541.2 21340.6 5596.4 203.8
hrw 1.7 0.0 7787.7 8644.6 2005.8 50.9
srw 18.5 0.0 2018.4 1878.1 774.2 77.0
hrs 37.0 0.0 5146.7 6880.9 1613.7 38.6
white 14.2 0.0 4316.8 3534.7 1144.7 35.9
durum 0.1 0.0 271.6 402.3 58.0 1.5
corn 437.7 0.0 27108.8 36336.0 15561.0 1134.6
soybeans 607.4 9.0 41453.9 48321.5 11728.2 544.8
soymeal 209.3 17.6 6320.7 5766.8 3606.4 167.0
soyoil -1.6 0.0 322.5 559.4 126.6 1.4
upland cotton 274.5 92.9 11051.0 8611.0 7532.9 1330.1
pima cotton 6.7 0.0 480.8 431.7 298.6 35.4
sorghum 170.7 0.0 4581.4 3049.4 2737.6 0.0
barley 0.0 0.0 36.4 16.6 15.2 7.1
rice 1.1 0.0 1661.1 1908.0 515.6 0.0

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 higher again yesterday on some fund buying tied to ideas of reduced planted area for Winter Wheat this year. They remain very short the market and appear to be covering a part of these positions. It remains dry in most of the Great Plains, and it has turned warmer. The crops in the region are not well established. There are no forecasts for significant precipitation in the Great Plains for now. Less concern was heard about Midwest crops as these crops have had snow cover, although the snow is melting this week. It will turn cold again after today, but will not be as cold as what was seen over the holidays. The daily and weekly charts show that Winter Wheat trends are turning up. Minneapolis is showing up trends on the daily charts. USDA will issue its Winter Wheat plantings reports along with new supply and demand estimates tomorrow. 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 early today 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 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 431, 424, and 418 March, with resistance at 442, 451, and 486 March. Trends in Minneapolis are mixed to up with no objectives. Support is at 628, 621, and 617 March, and resistance is at 646, 651, and 655 March.

RICE
General Comments: Rice prices closed a little lower in light volume trading and after trading both sides of unchanged. Trading is slow as the market waits for the USDA reports that will be released on Friday morning and as the domestic cash market remains slow. 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, than 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 1195, 1204, and 1212 March.

CORN AND OATS
General Comments: Corn closed unchanged. Some fund and user buying was also noted yesterday, but some selling was noted due to the weaker ethanol demand. About 103.5 million bushels of Corn were used to make ethanol in the latest week, and a total of 2.07 billion bushels have been used so far this year. Production of ethanol was down about 3.5% on the week at 6.972 million barrels, and stocks are up at 22.7 million barrels, slightly above the previous week. Prices remain near the bottom end of the recent trading range and the price action yesterday did not really change the chart weakness. Oats were firm and trends are still mostly up. There are hopes for increased Corn demand from the export market due to cheap prices, and ethanol demand remains good overall as energy and petroleum prices move higher. The trade continues to monitor the dry weather in southern Brazil and Argentina, and opinions are mixed. Forecasts for this week are mostly hot and dry, but some showers are possible in the driest areas of Argentina and southern Brazil next week. 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 347, 343, and 340 March, and resistance is at 352, 354, and 360 March. Trends in Oats are mixed to up with objectives of 255, 260, and 264 March. Support is at 247, 243, and 239 March, and resistance is at 254, 257, and 260 March.

SOYBEANS AND PRODUCTS
General Comments: Soybeans and products were lower on fund selling. Traders expect bearish reports for Soybeans tomorrow from USDA and are also watching the weather in South America. The trade anticipates that USDA will cut export demand estimates on Friday due to the lower level of export sales through this week. USDA could easily cut 50 million bushels from the demand estimates due to the reduced export pace, and some say that the lost export demand could be doublé that total. Lost demand could push Soybeans ending stocks well above 500 million bales. There is talk that Soybeans will need to trade well below $9.00 per bushel in an attempt to cut US crop production in the coming year. 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 added to these positions yesterday. The quality of the Soybeans in the US is a problem as US Soybeans have relatively low protein this year. The lower protein content has hurt export demand for US Soybeans. Brazilian Soybeans are showing higher content and are preferred this year. USDA will issue its production and supply and demand estimates on Friday. Price Group expects production near 4.425 billion bushels with 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: Unknown destinations bought 132,000 tons of US Soybeans.
Chart Analysis: Trends in Soybeans are down with objectives of 948, 945, and 939 March. Support is at 950, 944, and 938 March, and resistance is at 961, 968, and 970 March. Trends in Soybean Meal are mixed to down with objectives of 313.00 and 306.00 March. Support is at 315.00, 312.00, and 309.00 March, and resistance is at 320.00, 323.00, and 326.00 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 338, 3410, and 3430 March.

CANOLA AND PALM OIL
General Comments: Canola was lower yesterday along with Chicago. The market is watching Brazil and as vegetable oils markets worldwide and also the Canadian Dollar that has moved higher in recent days. Farmers are selling in small to moderate amounts and cash markets inside Canada are reported mostly quiet. Export demand is said to be quiet due to the strength in the Canadian Dollar. Palm Oil was lower on action in the other vegetable oils markets and in delayed reaction to the monthly MPOB data that showed production increasing more than demand. Demand can remain strong 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 mixed to up with objectives of 2690 and 2830 March. Support is at 2560, 2550, and 2510 March, with resistance at 2630, 2650, and 2670 March.

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%
Actual as follows:
Production – 1.83 mil tonnes, Down 5.6%
Exports – 1.42 mil tonnes, Up 4.9%
Ending Stocks – 2.73 mil tonnes, Up 7.0%
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 again after today with some chances for Snow on Thursday and Friday,

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
January 46 March 230 March 55 March 48 March 1-Mar
February 46 March 50 March 35 March
March 45 March 50 March 32 March
All basis levels are positive unless noted as negative

Brazil Premiums Soybeans Soybean Meal Soybean Oil Corn
Paraguay Paraguay Paraguay Paraguay
January minus 14 March 90 March
February 79 March minus 17 March
March 65 March minus 18 May
All basis levels are positive unless noted as negative

DJ ICE Canada Cash Grain Close – Jan 10
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 478.40 unchanged
Basis: Thunder Bay
1 Can 503.60 dn 2.80
2 Can 490.60 dn 2.80
Basis: Vancouver
1 Can 519.60 dn 2.80
2 Can 506.60 dn 2.80
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 11
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Thursday, 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 660.00 -07.50 Unquoted – –
Feb 660.00 -10.00 Unquoted – –
Mar 667.50 -07.50 Unquoted – –
Apr/May/Jun 667.50 -07.50 Unquoted – –
Jul/Aug/Sep 655.00 -12.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Jan 662.50 -07.50 Unquoted – –
Feb 662.50 -10.00 Unquoted – –
Mar 670.00 -07.50 Unquoted – –
Apr/May/Jun 670.00 -07.50 Unquoted – –
Jul/Aug/Sep 657.50 -12.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Jan 670.00 -05.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Jan 630.00 -05.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jan 2,540.00 -40.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jan 310.00 -05.00 Unquoted – –
($1=MYR3.9890)

DJ China Dalian Grain Futures Closing Prices, Volume – Jan 11
Soybean No. 1
Turnover: 99,492 lots, or 3.64 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-18 3,100 3,188 3,100 3,170 3,133 3,125 -8 656 5,300
Mar-18 3,220 3,234 3,204 3,209 3,221 3,218 -3 1,654 14,374
May-18 3,695 3,698 3,656 3,662 3,683 3,670 -13 94,284 236,778
Jul-18 – – – 3,703 3,721 3,703 -18 0 2
Sep-18 3,750 3,750 3,715 3,721 3,736 3,724 -12 2,758 17,404
Nov-18 – – – 3,738 3,738 3,738 0 0 4
Jan-19 3,815 3,818 3,795 3,795 3,812 3,804 -8 90 1,434
Mar-19 – – – 3,859 3,859 3,859 0 0 6
May-19 3,888 3,888 3,872 3,884 3,901 3,880 -21 50 148
Corn
Turnover: 423,032 lots, or 7.70 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-18 1,835 1,835 1,818 1,820 1,834 1,830 -4 2,158 1,136
Mar-18 1,836 1,837 1,814 1,814 1,834 1,827 -7 24,144 23,262
May-18 1,828 1,834 1,816 1,821 1,827 1,822 -5 341,892 1,042,052
Jul-18 1,832 1,832 1,818 1,820 1,828 1,825 -3 230 1,174
Sep-18 1,800 1,805 1,792 1,799 1,800 1,797 -3 54,484 302,394
Nov-18 1,796 1,797 1,790 1,792 1,796 1,792 -4 124 824
Soymeal
Turnover: 814,210 lots, or 22.44 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-18 3,005 3,005 3,005 3,005 2,835 3,005 170 4 700
Mar-18 2,826 2,826 2,805 2,809 2,827 2,821 -6 19,948 7,436
May-18 2,768 2,771 2,745 2,754 2,770 2,755 -15 673,034 1,999,108
Jul-18 2,778 2,778 2,756 2,762 2,776 2,759 -17 212 818
Aug-18 – – – 2,763 2,763 2,763 0 0 136
Sep-18 2,764 2,764 2,738 2,744 2,763 2,747 -16 120,776 406,640
Nov-18 2,773 2,773 2,753 2,758 2,771 2,760 -11 234 618
Dec-18 2,730 2,730 2,730 2,730 2,773 2,730 -43 2 24
Palm Oil
Turnover: 208,110 lots, or 11.11 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-18 5,200 5,200 5,200 5,200 5,140 5,200 60 366 3,524
Feb-18 – – – 5,272 5,212 5,272 60 0 6
Mar-18 – – – 5,284 5,284 5,284 0 0 2
Apr-18 – – – 5,342 5,342 5,342 0 0 20
May-18 5,348 5,354 5,320 5,328 5,340 5,336 -4 190,874 488,608
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 5,354 5,354 0 0 2
Sep-18 5,370 5,374 5,340 5,342 5,354 5,356 2 16,798 75,310
Oct-18 – – – 5,294 5,294 5,294 0 0 0
Nov-18 – – – 5,394 5,394 5,394 0 0 10
Dec-18 5,454 5,856 5,386 5,386 5,446 5,556 110 72 0
Soybean Oil
Turnover: 216,050 lots, or 12.54 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-18 – – – 5,428 5,428 5,428 0 0 2,296
Mar-18 5,528 5,562 5,528 5,562 5,550 5,544 -6 4 52
May-18 5,816 5,816 5,772 5,786 5,796 5,788 -8 191,020 890,528
Jul-18 5,938 5,938 5,888 5,888 5,780 5,908 128 8 12
Aug-18 – – – 5,868 5,868 5,868 0 0 10
Sep-18 5,950 5,960 5,910 5,922 5,938 5,926 -12 25,018 106,668
Nov-18 – – – 6,016 6,016 6,016 0 0 10
Dec-18 – – – 5,960 5,960 5,960 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

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Questions? Ask Jack Scoville today at 312-264-4322