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 – Mar 5
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL March Mar. 06, 2018 150 Feb 27, 2018
SOYBEAN OIL March Mar. 06, 2018 402 Mar 01, 2018
CORN March Mar. 06, 2018 525 Feb 26, 2018
KC HRW WHEAT March Mar. 06, 2018 33 Feb 28, 2018
SOYBEAN March Mar. 06, 2018 530 Feb 26, 2018

WHEAT
General Comments Chicago Winter Wheat markets were lower on Friday, although some late buying took the prices off the lowest levels of the day. Minneapolis closed a little lower. Wheat futures are in a weather market, and this rally is more about supply problems in the US and supply and logistical problems in Europe and Russia. La Nina conditions are still affecting the production potential for Hard Red Winter areas and there are no real changes in the forecast to indicate improving conditions. The market is noting dry conditions in western Kansas and other parts of the western Great Plains and the La Nina Winter weather forecast. A drought remains in the region and has become serious. A large part of the HRW crop is still rated in poor to very poor condition as crops start to come out of dormancy. Minneapolis prices remain weaker in part on high Canadian production and in part on ideas of increased planted area for Spring Wheat in the US this coming season. Black Sea prices remain firm. Russia and Europe have had some very cold weather in the last week and some traders expect to hear reports of Winterkill and production losses from both areas this week. The weekly charts show that both Winter Wheat markets are now in up trends and Minneapolis Spring Wheat markets remain in sideways trends.
Overnight News: The southern Great Plains should get mostly dry weather, but some precipitation is possible on today. Temperatures should be above normal. Northern areas should see mostly dry weather, but some big precipitation is forecast for today. Temperatures should be near to below normal. The Canadian Prairies should see mostly dry weather, but light precipitation is possible in southern areas today. Temperatures should average mostly below normal.
Chart Analysis: Trends in Chicago are up with objectives of 523 May. Support is at 493, 479, and 474 May, with resistance at 518, 524, and 529 May. Trends in Kansas City are up with objectives of 554 May. Support is at 526, 517, and 504 May, with resistance at 548, 550, and 552 May. Trends in Minneapolis are mixed. Support is at 615, 608, and 596 May, and resistance is at 636, 640, and 645 May.

COT — Supplemental Report – Option and Futures Combined Positions as of February 27, 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 559,662
: Positions :
: 92,138 165,106 172,051 92,800 141,322 165,472 35,407 522,460 513,885: 37,202 45,777
: Changes from: February 20, 2018 (Change in open interest: -79,897) :
: -1,974 -12,479 -52,679 -18,110 -6,893 -1,573 -2,261 -74,335 -74,311: -5,561 -5,586
: Percent of Open Interest Represented by Each Category of Trader :
: 16.5 29.5 30.7 16.6 25.3 29.6 6.3 93.4 91.8: 6.6 8.2
: Total Traders: 424 Number of Traders in Each Category :
: 103 157 148 83 102 28 16 321 332:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of February 27, 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 326,472
: Positions :
: 70,417 62,091 80,704 78,168 147,141 72,431 11,220 301,720 301,156: 24,752 25,316
: Changes from: February 20, 2018 (Change in open interest: -10,440) :
: 1,156 2,788 -4,244 -8,521 -6,027 2,811 -1,893 -8,798 -9,376: -1,642 -1,064
: Percent of Open Interest Represented by Each Category of Trader :
: 21.6 19.0 24.7 23.9 45.1 22.2 3.4 92.4 92.2: 7.6 7.8
: Total Traders: 269 Number of Traders in Each Category :
: 81 60 87 65 83 22 10 217 205:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of February 27, 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 55,240 :
: Positions :
: 23,029 27,162 2,935 0 1,368 5,865 7,166 602 6,575 4,654 1,560 :
: Changes from: February 20, 2018 :
: -6,029 -4,864 -99 0 -89 240 714 -1,658 4 -1,168 -2,036 :
: Percent of Open Interest Represented by Each Category of Trader :
: 41.7 49.2 5.3 0.0 2.5 10.6 13.0 1.1 11.9 8.4 2.8 :
: Number of Traders in Each Category Total Traders: 82 :
: 36 30 5 0 4 7 7 . 9 10 8 :
—————————————————————————————————————-

RICE: Rice closed lower on Friday on speculative selling seen in many markets at the end of the week and reports that Iraq has postponed a tender for US Rice. Trends are mostly up on the daily charts. Cash market bids remain generally strong amid tight supplies. Reports indicate that Texas producers are about sold out for the marketing year. Reports indicate that there is a limited amount of Rice still owned by farmers in the state, so commercials are raising bids to try to buy what is left. Limited amounts of Rice are reported to be owned by farmers in Louisiana and Mississippi as well. The amount of Rice still owned by farmers in Arkansas and Missouri is less clear, but the cash market indicates tight conditions.
Overnight News: The Delta should get mostly dry conditions. Temperatures should be variable.
Chart Analysis: Trends are mixed to up with objectives of 1265 and 1305 May. Support is at 1236, 1226, and 1219 May, with resistance at 1260, 1265, and 1270 May.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of February 27, 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 9,928 :
: Positions :
: 6,090 5,078 173 26 50 508 2,006 47 477 664 380 :
: Changes from: February 20, 2018 :
: 253 -190 6 0 0 -21 632 -53 -186 -196 -478 :
: Percent of Open Interest Represented by Each Category of Trader :
: 61.3 51.1 1.7 0.3 0.5 5.1 20.2 0.5 4.8 6.7 3.8 :
: Number of Traders in Each Category Total Traders: 52 :
: 18 11 . . . 4 9 . 5 8 4 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn closed a little lower on Friday on what appeared to be some speculative long liquidation before the weekend and despite strong demand ideas and increasing basis levels at the Gulf of Mexico and in some interior locations. The export sales report released last Thursday was strong once again, and sales over the last couple of months have been the strongest in a long time. Corn is a demand market with reasons to move higher once the producer selling was completed. Ethanol demand also remains very strong. More demand is also possible due to the problems in South America due to the weather. Brazil is not offering Corn and appears to be sold out, while Argentina is struggling with dry weather problems of its own that are being caused by La Nina. Brazil has been too wet in central and northern areas to get the Safrinha Corn planted well. US farmers have reportedly sold a lot of Corn on the rally as they have held the Corn in farm storage for too long. These sales might be less now that the market is moving higher and as farmers now probably have much more manageable stocks in on farm storage.
Overnight News:
Chart Analysis: Trends in Corn are up with objectives of 407 and 445 May. Support is at 379, 375, and 372 May, and resistance is at 389, 393, and 395 May. Trends in Oats are mixed. Support is at 264, 258, and 257 May, and resistance is at 276, 279, and 281 May.

COT — Supplemental Report – Option and Futures Combined Positions as of February 27, 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 1,986,305
: Positions :
: 353,986 260,691 487,335 524,909 910,334 403,689 82,129 1,769,919 1,740,490: 216,386 245,815
: Changes from: February 20, 2018 (Change in open interest: -142,409) :
: 30,527 -19,430 -119,926 -27,699 36,807 -6,287 -27,446 -123,385 -129,995: -19,025 -12,414
: Percent of Open Interest Represented by Each Category of Trader :
: 17.8 13.1 24.5 26.4 45.8 20.3 4.1 89.1 87.6: 10.9 12.4
: Total Traders: 861 Number of Traders in Each Category :
: 211 157 231 337 366 29 16 702 676:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of February 27, 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 5,875 :
: Positions :
: 784 4,631 217 0 0 710 0 0 1,678 60 77 :
: Changes from: February 20, 2018 :
: -161 64 2 0 0 125 0 0 -20 41 -279 :
: Percent of Open Interest Represented by Each Category of Trader :
: 13.3 78.8 3.7 0.0 0.0 12.1 0.0 0.0 28.6 1.0 1.3 :
: Number of Traders in Each Category Total Traders: 23 :
: 4 9 . 0 0 6 0 0 5 . . :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans and Soybean Meal were mixed on Friday and Soybean Oil was lower. Better demand ideas for Soybeans supported the nearby months of both Soybeans and Soybean Meal. Big supply ideas for here in the US and around the world for vegetable oils hurt Soybean Oil. However, Argentina is the worlds largest exporter of Soybean Oil, so the down side in this market could be limited. The export sales report was strong for Soybeans. Futures prices remain supported due to high prices in South America that have come from the drought in Argentina and too much rain in parts of central and northern Brazil. More dry weather now in the Argentine forecast implies that Soybeans production losses will be significant. Production ideas are dropping by the day due to the weather related losses. Ideas that Soybeans production in Argentina are still suffering from dry weather are still support prices in the market, but production estimates for Brazil remain high at near 114 million tons. Some talk of Brazil production at or above 117 million tons. There has been too much rain in central and northern Brazil and crop losses are possible. The amount of potential loss has been subject to debate and there is no clear trade consensus on the loss potential. Argentine production estimates now range from 45 to 50 million tons, from closer to 55 million at the start of the growing season. Forecasts are drier again, with Argentina likely to be the most hurt by hot and dry conditions. Basis levels at the Gulf of Mexico have been strong and are getting stronger. Stronger domestic demand has helped support Soybeans and Soybean Meal.
Overnight News:
Chart Analysis: Trends in Soybeans are up with objectives of 1090 May. Support is at 1056, 1044, and 1037 May, and resistance is at 1084, 1096, and 1108 May. Trends in Soybean Meal are up with objectives of 419.00 May. Support is at 390.00, 388.00, and 384.00 May, and resistance is at 400.00, 404.00, and 406.00 May. Trends in Soybean Oil are mixed to up with objectives of 3310 May. Support is at 3200, 3190, and 3160 May, with resistance at 3300, 3350, and 3380 May.

COT — Supplemental Report – Option and Futures Combined Positions as of February 27, 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 931,437
: Positions :
: 189,796 73,154 212,017 307,684 498,343 162,322 26,014 871,819 809,529: 59,618 121,908
: Changes from: February 20, 2018 (Change in open interest: -72,857) :
: 39,127 -11,713 -51,900 -50,239 1,831 -8,789 -10,025 -71,800 -71,807: -1,057 -1,050
: Percent of Open Interest Represented by Each Category of Trader :
: 20.4 7.9 22.8 33.0 53.5 17.4 2.8 93.6 86.9: 6.4 13.1
: Total Traders: 672 Number of Traders in Each Category :
: 171 153 226 178 260 28 16 506 561:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of February 27, 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 491,114
: Positions :
: 102,658 93,841 92,967 125,757 260,671 129,662 12,810 451,043 460,289: 40,071 30,825
: Changes from: February 20, 2018 (Change in open interest: -48,016) :
: -1,525 -20,705 -23,080 -18,992 3,248 -2,562 -3,849 -46,160 -44,387: -1,856 -3,630
: Percent of Open Interest Represented by Each Category of Trader :
: 20.9 19.1 18.9 25.6 53.1 26.4 2.6 91.8 93.7: 8.2 6.3
: Total Traders: 333 Number of Traders in Each Category :
: 90 88 106 73 76 24 11 255 241:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of February 27, 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 508,077
: Positions :
: 145,034 25,538 87,895 114,198 347,122 111,524 15,522 458,651 476,077: 49,425 31,999
: Changes from: February 20, 2018 (Change in open interest: -49,505) :
: 24,322 3,853 -30,609 -37,195 -23,737 -1,547 3,134 -45,030 -47,359: -4,475 -2,146
: Percent of Open Interest Represented by Each Category of Trader :
: 28.5 5.0 17.3 22.5 68.3 22.0 3.1 90.3 93.7: 9.7 6.3
: Total Traders: 326 Number of Traders in Each Category :
: 111 56 96 80 103 24 12 268 231:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Canola was higher, with weakness in the Canadian Dollar supporting prices. Charts still show an up trend. The market is watching Brazil and Argentina and vegetable oils markets worldwide. Farmers are selling in moderate amounts. Palm Oil was lower on reports that Indian demand can be less due to big import tariffs. China is likely to import less due to big soybeans imports. Production is seasonally lowered to help ending stocks ideas. The market tested support and the support held for now.
Overnight News:
Chart Analysis: Trends in Canola are up with objectives of 532.00 May. Support is at 519.00, 515.00, and 510.00 May, with resistance at 529.00, 530.00, and 532.00 May. Trends in Palm Oil are mixed to up with objectives of 2660 and 2770 May. Support is at 2540, 2480, and 2450 May, with resistance at 2570, 2590, and 2620 May.

DJ Canadian Grain Handling Summary – Mar 2
Winnipeg–The following are Canadian grain
handling summary statistics for the week ended February 25, 2017. Figures
in thousands of metric tons. Source: Canadian Grain Commission.
Durum
Wheat Oats Barley Flax Canola Peas Corn Total*
COMMERCIAL STOCKS
This week 3020.2 662.6 213.1 412.9 66.3 1457.2 237.7 153.6 6949.3
Week ago 2962.7 604.0 216.6 407.5 64.2 1424.8 250.9 153.2 6782.9
Year ago 2768.5 775.5 209.4 263.1 83.0 1438.4 356.0 256.0 4974.7
PRODUCER DELIVERIES
This Week 291.2 65.7 28.7 72.7 4.4 298.2 20.5 6.7 856.3
Week Ago 308.1 58.6 36.0 59.9 4.9 308.2 25.8 9.4 876.8
To Date 10487.0 2342.1 1362.0 1929.4 259.0 11435.3 1634.0 290.4 32533.1
Year Ago 10080.9 2853.4 1270.8 1488.0 281.6 12071.1 2851.2 231.2 34253.0
Terminal Receipts – Note: Large revisions have been reported by
licensed elevators that affected Crop Year to Date totals for wheat and soybeans
This Week 207.6 18.5 0.0 57.5 0.0 111.6 30.4 13.9 494.3
Week Ago 195.0 56.2 0.0 22.7 0.0 91.3 10.6 14.5 431.7
To Date 9960.5 2606.0 122.8 1012.9 144.4 6450.5 1078.0 531.0 26526.8
Year Ago 10063.3 3237.2 129.4 617.0 181.9 6929.8 2152.8 464.7 28845.9
Exports
This Week 250.5 5.7 23.8 53.4 0.4 160.1 35.8 33.0 635.9
Week Ago 244.8 29.6 27.6 33.4 2.3 129.0 32.5 0.0 531.2
To Date 8896.4 2291.1 954.0 1068.7 197.7 6069.3 1148.9 419.4 24294.1
Year Ago 7614.2 2432.6 773.2 619.4 190.6 6254.2 2191.4 304.5 24453.3
Domestic Disappearance – Note: Large revisions have been reported by
licensed elevators that affected Crop Year to Date totals for wheat and
soybeans this week.
This Week 44.6 4.1 4.2 18.8 0.7 147.9 3.9 6.2 250.0
Week Ago 29.2 2.1 4.9 18.5 0.6 140.5 4.5 8.8 229.5
To Date 2672.0 437.9 145.2 691.2 30.9 5120.8 132.1 362.8 11280.4
Year Ago 1683.5 190.3 244.0 766.3 32.4 5500.6 93.8 278.2 9565.8
*Totals include data from other crops not shown including rye soybeans
canary seed mustard seed beans lentils and chickpeas.
Source: Commodity News Service Canada (cnscanada@shaw.ca, or 204-414-
9084)

Midwest Weather Forecast: Precipitation through midweek, then dry into the weekend, Temperatures near to above normal.

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
March 52 May 195 May 60 May 40 May 8-May
April 52 May 58 May 39 May
May 52 May 58 May 36 May
All basis levels are positive unless noted as negative

Brazil Premiums Soybeans Soybean Meal Soybean Oil Corn
Paraguay Paraguay Paraguay Paraguay
March 70 May minus 10 May
April 70 May minus 10 May
May 76 May minus 15 May
All basis levels are positive unless noted as negative

DJ ICE Canada Cash Grain Close – Mar 2
By Commodity News Service Canada
WINNIPEG, March 1 (CNS Canada) – 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 508.20 up 6.20
Basis: Thunder Bay
1 Can 537.10 up 1.90
2 Can 524.10 up 1.90
Basis: Vancouver
1 Can 557.10 up 1.90
2 Can 544.10 up 1.90
FEED WHEAT
Lethbridge 232.00 unchanged
WESTERN BARLEY
Lethbridge 235.00 up 3.00
All prices in Canadian dollars per metric ton.
*Quote for previous day
Source: Commodity News Service Canada (cnscanada@shaw.ca, or
204-414-9084)

DJ Malaysian PM Cash Market Prices for Palm Oil – March 5
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
Mar 662.50 00.00 Unquoted – –
Apr/May/Jun 662.50 00.00 Unquoted – –
Jul/Aug/Sep 652.50 -02.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Mar 662.50 00.00 Unquoted – –
Apr/May/Jun 662.50 00.00 Unquoted – –
Jul/Aug/Sep 652.50 -02.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Mar 665.00 -02.50 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Mar 612.50 +02.50 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Mar 2,490 -80.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Mar 240.00 -05.00 Unquoted – –
($1=MYR3.9050)

DJ China Dalian Grain Futures Closing Prices, Volume – Mar 05
Soybean No. 1
Turnover: 170,772 lots, or 6.31 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Mar-18 3,270 3,281 3,253 3,268 3,242 3,268 26 378 350
May-18 3,715 3,721 3,667 3,700 3,706 3,692 -14 154,468 204,988
Jul-18 – – – 3,755 3,755 3,755 0 0 8
Sep-18 3,746 3,765 3,708 3,750 3,751 3,734 -17 15,072 41,814
Nov-18 3,741 3,829 3,741 3,761 3,792 3,777 -15 6 2
Jan-19 3,823 3,824 3,778 3,817 3,821 3,804 -17 800 2,406
Mar-19 3,800 3,800 3,800 3,800 3,799 3,800 1 2
May-19 3,860 3,872 3,838 3,868 3,875 3,853 -22 46 132
Jul-19 – – – 3,845 3,866 3,845 -21 0 2
Corn
Turnover: 1,232,706 lots, or 22.63 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Mar-18 1,960 1,960 1,960 1,960 1,852 1,960 108 74 0
May-18 1,845 1,873 1,841 1,869 1,840 1,863 23 677,752 894,298
Jul-18 1,797 1,815 1,796 1,814 1,799 1,806 7 339,108 167,560
Sep-18 1,788 1,805 1,787 1,803 1,791 1,797 6 191,676 579,590
Nov-18 1,782 1,787 1,780 1,787 1,780 1,784 4 268 704
Jan-19 1,777 1,787 1,775 1,784 1,778 1,782 4 23,828 76,296
Soymeal
Turnover: 2,526,160 lots, or 78.36 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Mar-18 – – – 3,202 3,202 3,202 0 0 0
May-18 3,130 3,148 3,103 3,120 3,109 3,123 14 1,731,452 2,032,830
Jul-18 3,098 3,123 3,087 3,102 3,077 3,103 26 199,724 130,618
Aug-18 – – – 3,073 3,074 3,073 -1 0 276
Sep-18 3,080 3,084 3,037 3,057 3,047 3,055 8 494,194 1,131,808
Nov-18 3,020 3,048 3,008 3,025 3,005 3,021 16 572 724
Dec-18 2,949 2,998 2,949 2,982 2,947 2,974 27 68 56
Jan-19 2,977 2,980 2,932 2,955 2,958 2,956 -2 100,150 179,724
Palm Oil
Turnover: 440,790 lots, or 23.10 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Mar-18 – – – 5,246 5,246 5,246 0 0 0
Apr-18 – – – 5,404 5,404 5,404 0 0 10
May-18 5,252 5,280 5,210 5,254 5,290 5,242 -48 335,362 374,684
Jun-18 – – – 5,296 5,344 5,296 -48 0 6
Jul-18 – – – 5,288 5,288 5,288 0 0 0
Aug-18 5,330 5,330 5,184 5,184 5,336 5,256 -80 20 2
Sep-18 5,240 5,268 5,210 5,248 5,268 5,234 -34 100,966 215,066
Oct-18 – – – 5,246 5,280 5,246 -34 0 0
Nov-18 – – – 5,344 5,378 5,344 -34 0 10
Dec-18 – – – 5,302 5,336 5,302 -34 0 0
Jan-19 5,252 5,256 5,210 5,242 5,256 5,232 -24 4,442 16,018
Feb-19 – – – 5,212 5,234 5,212 -22 0 0
Soybean Oil
Turnover: 500,700 lots, or 29.48 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Mar-18 – – – 4,958 4,958 4,958 0 0 8
May-18 5,850 5,886 5,808 5,854 5,828 5,848 20 375,922 674,636
Jul-18 5,864 5,864 5,864 5,864 5,938 5,864 -74 2 16
Aug-18 – – – 5,940 5,940 5,940 0 0 14
Sep-18 6,004 6,038 5,962 6,006 5,980 6,002 22 120,792 305,202
Nov-18 6,050 6,098 6,050 6,098 6,080 6,082 2 6 22
Dec-18 – – – 5,948 5,948 5,948 0 0 2
Jan-19 6,126 6,164 6,088 6,140 6,100 6,128 28 3,978 16,410
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