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 Summary For January USDA Monthly Cattle On Feed Data
Data from the U.S. Department of Agriculture’s monthly cattle-on-feed report, released at 3:00 p.m. ET Friday, and analysts’ estimates as compiled by the Wall Street Journal. In million head.
Numbers USDA’s Average Range
2018 2017 estimated of analysts’ of analysts’
% of prev yr estimates estimates
On-feed Jan 1 11.489M 10.605M 108 107.6 107.2- 108.1
Placed in Dec 1.799M 1.785M 101 96.9 93.3- 100.3
Marketed in Dec 1.752M 1.777M 99 98.7 97.9- 100.3
Note: USDA rounds its estimates to the nearest whole number.

WHEAT
General Comments: US markets closed higher again Friday and higher for the week in response to the lower US Dollar and the dry weather in the US Great Plains. The Dollar remains in a downtrend that has been underway for quite some time. The US treasury secretary gave it a new push lower when he stated that a weaker US Dollar was good for exports and therefore desirable right now. More US Dollar weakness in the coming weeks is indicated by the chart patterns. Chicago markets are finding overall support from continued dry weather in the US Great Plains. There are no forecasts for significant precipitation in the Great Plains for now, and drought is seen in about all areas. The weekly charts show that both Winter Wheat markets and Minneapolis Spring Wheat markets remain in mostly sideways trends. Russian prices have been somewhat firmer, but US prices are also stronger and export demand for US Wheat has remained bad even with the US Dollar weakness. Prices in Europe have also been weaker as traders there search for demand. Futures in Winter Wheat are at low prices and trends are turning up on the weekly charts. Minneapolis prices are also holding just above important support areas on the weekly charts and are in sideways trends.
Overnight News: The southern Great Plains should get mostly dry weather after the storms in the east today. Temperatures should be above normal. Northern areas should see mostly dry weather after the storms today. Temperatures should be above normal. The Canadian Prairies should see mostly dry weather. Temperatures should average above normal this week and below normal this weekend.
Chart Analysis: Trends in Chicago are up with objectives of 453, 459, and 463 March. Support is at 436, 427, and 425 March, with resistance at 443, 445, and 460 March. Trends in Kansas City are up with objectives of 446, 448, and 460 March. Support is at 432, 428, and 421 March, with resistance at 451, 456, and 458 March. Trends in Minneapolis are mixed. Support is at 608, 605, and 600 March, and resistance is at 616, 621, and 628 March.

COT — Supplemental Report – Option and Futures Combined Positions as of January 23, 2018
: 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 682,931
: Positions :
: 92,664 258,728 211,829 157,914 127,308 173,810 38,717 636,217 636,581: 46,714 46,349
: Changes from: January 16, 2018 (Change in open interest: 13,650) :
: -2,961 -481 14,539 945 -2,554 646 881 13,169 12,385: 481 1,265
: Percent of Open Interest Represented by Each Category of Trader :
: 13.6 37.9 31.0 23.1 18.6 25.5 5.7 93.2 93.2: 6.8 6.8
: Total Traders: 489 Number of Traders in Each Category :
: 141 176 175 102 101 28 18 370 387:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of January 23, 2018
: 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 358,516
: Positions :
: 88,940 112,145 80,167 100,147 135,073 60,740 7,459 329,994 334,844: 28,523 23,672
: Changes from: January 16, 2018 (Change in open interest: 19,311) :
: 1,799 6,546 12,725 3,157 68 -21 -1,191 17,659 18,147: 1,652 1,163
: Percent of Open Interest Represented by Each Category of Trader :
: 24.8 31.3 22.4 27.9 37.7 16.9 2.1 92.0 93.4: 8.0 6.6
: Total Traders: 305 Number of Traders in Each Category :
: 89 79 89 79 79 21 9 236 222:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 23, 2018
: 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 68,538 :
: Positions :
: 31,580 35,366 2,959 0 1,759 6,067 5,735 2,575 6,840 6,076 3,394 :
: Changes from: January 16, 2018 :
: 3,717 -1,419 -96 0 121 -581 1,851 -715 -39 369 303 :
: Percent of Open Interest Represented by Each Category of Trader :
: 46.1 51.6 4.3 0.0 2.6 8.9 8.4 3.8 10.0 8.9 5.0 :
: Number of Traders in Each Category Total Traders: 104 :
: 47 38 5 0 4 13 7 5 11 14 12 :
—————————————————————————————————————-

RICE
General Comments: Rice closed higher on Friday and trends turned up again on the charts. The move came despite another weak export sales report from USDA. Sales have been less for the last month, but should start to improve son as the market should start to get more anuimated. It was not a very active trade Friday. Ideas are that prices can continue to work higher over time, and most seem to think that down side moves in futures prices offer new chances to buy. The current supply situation remains tight and is supporting prices. Prices for next year are expected to be lower, and spreads are showing the nearby months gaining much faster than deferreds. Planted área is expected to increase in the coming year as the tight domestic supply situation has created rather favorable nearby prices. The old crop- to new crop spreads show a big difference that reflects the relative fundamental ideas in the market. The daily and weekly charts still suggest that higher prices are coming in nearby contracts as the market works through a tight supply situation.
Overnight News: The Delta should get rain today and tomorrow and then over the weenend. Temperatures should be mostly above normal.
Chart Analysis: Trends are up with objectives of 1246, 1247, and 1251 March. Support is at 1230, 1227, and 1220 March, with resistance at 1242, 1246, and 1253 March.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 23, 2018
: 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 10,041 :
: Positions :
: 6,035 5,351 167 0 0 364 1,700 0 841 823 646 :
: Changes from: January 16, 2018 :
: -708 -383 10 0 0 -4 -110 0 25 -161 123 :
: Percent of Open Interest Represented by Each Category of Trader :
: 60.1 53.3 1.7 0.0 0.0 3.6 16.9 0.0 8.4 8.2 6.4 :
: Number of Traders in Each Category Total Traders: 58 :
: 18 14 . 0 0 . 8 0 13 11 14 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn was a little higher and Oats were higher in Friday trading. The export sales report for Corn was strong and added to better demand ideas, as did the weaker US Dollar. Oats closed firmer, with nearby months the strongest as some end users took the Thursday move as a chance to get some pricing done. The Corn market is still in a sideways trend, but trends are starting to finally turn up. A weaker US Dollar is helping demand ideas and is causing buying. There is still too much farmer owned Corn and farmers are rported to be starting to sell the Corn as prices move higher. It is expected that the speculator short covering will be a primary catelyst for any rally as speculators are very short the market. Overall demand for Corn remains good, and demand for other feed grains such as Sorghum and Oats is strong. Demand in the US has been very strong from the ethanol sector and is expected to increase seasonally soon. Brazil is looking at removing tariffs on etanol imports, and this could mean much more export business for the US. Ethanol prices are very high in Brazil at this time. Questions continue about Corn demand from the feed sector, but the animals are out there to feed. The trade is still looking at the dry weather in Argentina. Argentine forecasts are still mostly dry, so production loss estimates will be heard soon.
Overnight News: Egyptbought 115,000 tons of US Corn.
Chart Analysis: Trends in Corn are mixed to up with objectives of 359 March. Support is at 354, 352, and 350 March, and resistance is at 358, 360, and 361 March. Trends in Oats are mixed to up with no objectives. Support is at 257, 254, and 252 March, and resistance is at 270, 275, and 279 March.

COT — Supplemental Report – Option and Futures Combined Positions as of January 23, 2018
: 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 2,038,080
: Positions :
: 242,835 490,876 518,228 619,699 721,567 407,778 88,680 1,788,539 1,819,352: 249,541 218,728
: Changes from: January 16, 2018 (Change in open interest: 58,348) :
: 1,018 -9,025 23,963 21,873 31,352 10,117 12,553 56,972 58,843: 1,376 -495
: Percent of Open Interest Represented by Each Category of Trader :
: 11.9 24.1 25.4 30.4 35.4 20.0 4.4 87.8 89.3: 12.2 10.7
: Total Traders: 866 Number of Traders in Each Category :
: 188 192 236 369 362 30 19 719 695:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 23, 2018
: 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 6,734 :
: Positions :
: 1,117 4,200 220 0 0 253 251 0 2,248 227 657 :
: Changes from: January 16, 2018 :
: -649 -337 12 0 0 75 -253 0 -50 -8 213 :
: Percent of Open Interest Represented by Each Category of Trader :
: 16.6 62.4 3.3 0.0 0.0 3.8 3.7 0.0 33.4 3.4 9.8 :
: Number of Traders in Each Category Total Traders: 29 :
: 10 12 . 0 0 . . 0 5 5 6 :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans and products were lower on Friday in reaction to a lower than expected weekly export sales report for Soybeans from USDA. Futures were still higher for the week. The low export sales total for the week highlighted the fact that US Soybeans prices have been stronger lately and also highlighted talk of quality concerns in US Soybeans. US and world crushers are having trouble extracting enough protein from the Soybeans while processing for Soybean Meal, with the meal often showing about 46% protein instead of the required level near 48%. Changes in the Dollar Index dictated much of the action in Soybeans as prices made highs when the index was weaker. The US Dollar is now in a new down trend. Stronger domestic demand has helped support Soybeans and Soybean Meal. Ideas that Soybeans production in southern Brazil and Argentina are still suffering from dry weather are still the main features of the market. Crops in these áreas are reported to be in OK condition, but not in great condition. Forecasts turn drier again into next month, with Argentina likely to be the most hurt by any return to hot and dry conditions. Northeast Brail has also been dry and is missing out on the current rains. Central and northern Brazil are now forecast to get excessive rains this week. The weekly charts imply that nearby Soybeans can move to between 1010 and 1020 now, but that Soybean Meal is already beyond some swing targets. Soybean Oil is still testing support on the weekly charts.
Overnight News: Chart Analysis: Trends in Soybeans are mixed to up with objectives of 1011 and 1018 March. Support is at 980, 977, and 974 March, and resistance is at 995, 1002, and 1007 March. Trends in Soybean Meal are mixed to up with no objectives. Support is at 332.00, 32.00, and 326.00 March, and resistance is at 340.00, 348.00, and 351.00 March. Trends in Soybean Oil are mixed. Support is at 3250, 3230, and 3210 March, with resistance at 3300, 3340, and 3350 March.

COT — Supplemental Report – Option and Futures Combined Positions as of January 23, 2018
: 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 914,648
: Positions :
: 87,569 204,592 220,092 376,937 336,808 170,103 53,700 854,700 815,192: 59,947 99,455
: Changes from: January 16, 2018 (Change in open interest: 28,301) :
: 7,009 -12,620 12,557 1,290 18,537 8,423 4,879 29,279 23,353: -979 4,947
: Percent of Open Interest Represented by Each Category of Trader :
: 9.6 22.4 24.1 41.2 36.8 18.6 5.9 93.4 89.1: 6.6 10.9
: Total Traders: 637 Number of Traders in Each Category :
: 161 183 237 186 205 26 18 505 536:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of January 23, 2018
: 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 540,168
: Positions :
: 98,263 119,104 130,324 151,091 245,603 123,492 13,732 503,171 508,763: 36,998 31,405
: Changes from: January 16, 2018 (Change in open interest: 42,057) :
: 7,230 17,885 13,678 19,230 10,786 -582 -1,944 39,555 40,404: 2,502 1,653
: Percent of Open Interest Represented by Each Category of Trader :
: 18.2 22.0 24.1 28.0 45.5 22.9 2.5 93.2 94.2: 6.8 5.8
: Total Traders: 366 Number of Traders in Each Category :
: 96 107 122 90 84 24 11 285 272:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of January 23, 2018
: 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 457,462
: Positions :
: 80,364 47,376 84,905 136,146 277,010 110,257 15,974 411,672 425,265: 45,790 32,197
: Changes from: January 16, 2018 (Change in open interest: 28,931) :
: 15,398 -11,335 5,957 1,553 33,128 3,175 -124 26,082 27,626: 2,849 1,305
: Percent of Open Interest Represented by Each Category of Trader :
: 17.6 10.4 18.6 29.8 60.6 24.1 3.5 90.0 93.0: 10.0 7.0
: Total Traders: 294 Number of Traders in Each Category :
: 76 72 102 84 82 26 13 251 218:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Canola was a little lower on Friday despite additional US Dollar weakness. Weaker prices in Chicago and reports of bigger supplies in Canada and the potential for increased planted área in Canada for the coming year all contributed to the weakness The market is watching Brazil and vegetable oils markets worldwide. Farmers are selling in small to moderate amounts and cash markets inside Canada are reported mostly quiet. Increased selling is posible now as the weather is warmer. Export demand is said to be quiet, but improving. Palm Oil was higher on demand hopes. Export demand has been weaker than expected. Ideas are that production is in a seasonal decline. Demand has been bad so far this month. Support has come from the elimination of export taxes in Malaysia. 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.
Overnight News:
Chart Analysis: Trends in Canola are mixed. Support is at 492.00, 487.00, and 485.00 January, with resistance at 498.00, 500.00, and 502.00 January. Trends in Palm Oil are mixed. Support is at 2480, 2460, and 2440 April, with resistance at 2530, 2560, and 2580 April.

DJ Canadian Grain Handling Summary – Jan 26
WINNIPEG–The following are Canadian grain handling summary statistics
for the week ended January 21, 2018. Figures in thousands of metric tons.
Source: Canadian Grain Commission.
Durum
Wheat Wheat Oats Barley Flax Canola Peas Corn Total*
COMMERCIAL STOCKS
This week 2875.3 784.7 180.3 353.4 65.0 1309.6 274.4 92.4 6584.0
Week ago 3004.8 690.4 214.7 316.6 70.4 1335.3 254.5 91.2 6634.8
Year ago 2335.2 836.1 189.9 234.9 95.4 1380.0 285.6 233.6 6188.2
PRODUCER DELIVERIES
This Week 437.6 139.3 32.3 93.0 6.2 354.8 32.3 9.8 1150.4
Week Ago 322.5 80.3 40.0 87.0 7.0 277.0 25.1 11.0 908.3
To Date 8853.7 1938.3 1169.3 1528.4 231.7 9877.9 1466.6 275.0 27746.1
Year Ago 8313.5 2409.8 1080.2 1183.3 232.3 10069.5 2468.4 186.8 28862.6
TERMINAL RECEIPTS
This Week 224.2 51.6 11.7 42.7 0.5 208.3 4.3 7.5 604.2
Week Ago 310.4 63.7 26.6 5.6 7.5 239.7 19.9 3.8 717.2
To Date 8827.1 2345.7 115.0 801.6 144.4 5855.9 964.6 441.0 23815.9
Year Ago 9034.7 2720.1 129.0 480.1 148.2 5808.4 1875.8 401.4 25338.8
EXPORTS
This Week 295.6 36.7 54.2 2.5 8.0 212.1 1.0 0.0 694.5
Week Ago 449.9 125.7 22.2 20.7 2.1 259.5 28.0 0.0 918.9
To Date 7483.1 1832.1 818.7 841.6 187.5 5269.1 1027.4 386.4 20883.6
Year Ago**6557.3 1878.6 659.8 458.5 150.0 4943.9 1946.0 272.8 20643.8
DOMESTIC DISAPPEARANCE
This Week 55.7 3.1 3.5 20.5 0.8 150.0 4.6 15.6 281.9
Week Ago 42.1 3.9 4.1 24.7 1.3 93.2 4.4 16.4 211.6
To Date 2401.1 372.6 121.5 607.0 26.7 4374.3 106.9 354.0 9872.7
Year Ago**1415.1 149.0 206.1 652.5 26.9 4498.7 81.1 224.2 7915.7
*Totals include data from other crops not shown including rye soybeans
canaryseed mustard seed beans lentils and chickpeas.
**Year Ago values for domestic disappearance and exports do not include
producer car volumes.
Source: Commodity News Service Canada (cnscanada@shaw.ca, or 204-414-9084)

DJ Canadian Oilseed Processors Association Weekly Crush – Jan 26
WINNIPEG–The Canadian Oilseed Processors Association reported
the Canadian oilseed crush for the week ended Jan. 24, 2018 as
follows:
Figures are in metric tons. R-denotes revision.
Cumulative Cumulative
Week 2017/18 2016/17 2017/18 2016/17
Ended Canola Sybns
Jan 24 181,669 4,439,207 4,511,427 47,391 917,063 955,672
Jan 17 157,170 4,257,538 4,325,851 29,547 869,672 928,133
Jan 10 162,125 4,098,415 4,168,319 41,583 840,125 883,719
Jan 03 174,189 3,936,557 3,993,515 28,901 798,502 836,186
Dec 27 178,712 3,767,283 3,793,451 45,974 777,009 809,945
Crush Capacity Utilization
This week 2017/18 2016/17
Canola 81.9% 85.0% 89.1%
Soybeans 72.0% 59.2% 61.3%
Source: Commodity News Service Canada (cnscanada@shaw.ca, 204-414-9084)

Midwest Weather Forecast: Precipitation today and then this weekend, Temnperatures near to below normal.

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
January 45 March 230 March 60 March 35 March 1-Mar
February 45 March 60 March 32 March
March 46 March 60 March 32 March
All basis levels are positive unless noted as negative

Brazil Premiums Soybeans Soybean Meal Soybean Oil Corn
Paranagua Paranagua Paranagua Paranagua
February 71 March
March 62 March minus 12 March
April 52 May minus 19 March
All basis levels are positive unless noted as negative

DJ ICE Canada Cash Grain Close – Jan 26
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 478.00 up 1.00
Basis: Thunder Bay
1 Can 503.70 dn 2.30
2 Can 490.70 dn 2.30
Basis: Vancouver
1 Can 519.70 dn 2.30
2 Can 506.70 dn 2.3
FEED WHEAT
Lethbridge 222.00 up 1.00
WESTERN BARLEY
Lethbridge 220.00 up 2.00
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 29
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Monday, supplied by commodity broker Matthes & Porton Bhd.
Prices are quoted in U.S. dollars a metric ton, except for crude palm oil and palm kernel oil, which are in ringgit a ton. Palm kernel oil prices are in ringgit a pikul, a Malaysian measurement equivalent to 60 kilograms.
Refined, bleached and deodorized palm oil, FOB, Malaysian ports
Offer Change Bid Change Traded
Feb 655.00 +07.50 Unquoted – –
Mar 662.50 +07.50 Unquoted – –
Apr/May/Jun 675.00 +07.50 Unquoted – –
Jul/Aug/Sep 670.00 +10.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Feb 655.00 +07.50 Unquoted – –
Mar 662.50 +07.50 Unquoted – –
Apr/May/Jun 675.00 +07.50 Unquoted – –
Jul/Aug/Sep 670.00 +10.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Feb 680.00 +05.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Feb 630.00 +10.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Feb 2,510 +20.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Feb 295.00 00.00 Unquoted – –
($1=MYR3.8825)

DJ China Dalian Grain Futures Closing Prices, Volume – Jan 29
Soybean No. 1
Turnover: 95,050 lots, or 3.36 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Mar-18 3,160 3,164 3,150 3,158 3,163 3,154 -9 526 12,432
May-18 3,527 3,544 3,521 3,528 3,523 3,532 9 89,404 296,072
Jul-18 3,613 3,613 3,543 3,543 3,638 3,578 -60 4 2
Sep-18 3,605 3,624 3,603 3,610 3,601 3,613 12 4,914 32,012
Nov-18 – – – 3,700 3,700 3,700 0 0 8
Jan-19 3,689 3,703 3,688 3,692 3,675 3,697 22 132 2,428
Mar-19 – – – 3,680 3,680 3,680 0 0 4
May-19 3,782 3,787 3,779 3,780 3,769 3,783 14 58 158
Jul-19 3,790 3,849 3,789 3,849 3,745 3,799 54 12 12
Corn
Turnover: 296,012 lots, or 5.31 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Mar-18 1,806 1,808 1,793 1,795 1,801 1,800 -1 34,958 23,696
May-18 1,797 1,799 1,792 1,795 1,791 1,795 4 230,608 876,402
Jul-18 1,794 1,797 1,794 1,796 1,793 1,796 3 184 1,248
Sep-18 1,776 1,778 1,771 1,775 1,771 1,774 3 28,942 331,340
Nov-18 1,773 1,775 1,773 1,775 1,771 1,774 3 4 784
Jan-19 1,768 1,769 1,762 1,764 1,763 1,764 1 1,316 11,622
Soymeal
Turnover: 1,173,806 lots, or 32.72 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Mar-18 2,756 2,878 2,756 2,878 2,789 2,791 2 27,226 7,822
May-18 2,768 2,812 2,761 2,808 2,771 2,789 18 980,678 1,942,662
Jul-18 2,793 2,812 2,793 2,811 2,769 2,807 38 166 968
Aug-18 2,766 2,798 2,766 2,783 2,763 2,783 20 18 142
Sep-18 2,759 2,796 2,750 2,793 2,760 2,777 17 157,348 567,046
Nov-18 2,767 2,801 2,764 2,795 2,764 2,788 24 120 544
Dec-18 – – – 2,775 2,758 2,775 17 0 16
Jan-19 2,758 2,794 2,746 2,791 2,758 2,777 19 8,250 40,000
Palm Oil
Turnover: 292,444 lots, or 15.35 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Feb-18 5,202 5,202 5,202 5,202 5,202 5,202 0 6 6
Mar-18 – – – 5,178 5,178 5,178 0 0 2
Apr-18 – – – 5,194 5,194 5,194 0 0 16
May-18 5,222 5,264 5,208 5,256 5,228 5,238 10 258,684 533,394
Jun-18 – – – 5,270 5,270 5,270 0 0 10
Jul-18 – – – 5,234 5,234 5,234 0 0 0
Aug-18 – – – 5,336 5,326 5,336 10 0 2
Sep-18 5,286 5,342 5,280 5,324 5,284 5,314 30 33,122 106,690
Oct-18 5,332 5,356 5,238 5,336 5,248 5,304 56 10 2
Nov-18 5,358 5,358 5,358 5,358 5,284 5,358 74 6 10
Dec-18 – – – 5,454 5,454 5,454 0 0 0
Jan-19 5,334 5,370 5,334 5,356 5,310 5,350 40 616 1,708
Soybean Oil
Turnover: 316,158 lots, or 18.44 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Mar-18 – – – 5,580 5,580 5,580 0 0 48
May-18 5,792 5,832 5,782 5,814 5,794 5,812 18 271,988 914,702
Jul-18 – – – 5,812 5,812 5,812 0 0 12
Aug-18 – – – 5,874 5,874 5,874 0 0 14
Sep-18 5,928 5,970 5,918 5,954 5,928 5,952 24 43,700 176,324
Nov-18 – – – 5,998 5,998 5,998 0 0 22
Dec-18 – – – 5,986 5,986 5,986 0 0 0
Jan-19 6,046 6,076 6,024 6,052 6,032 6,058 26 470 4,076
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.

Thanks,

Jack Scoville

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

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