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 USDA Report: Summary for Quarterly Grain, Soybean Stockpiles & U.S. Planting
Following are key numbers from the USDA’s March 1 Quarterly Grain,
Soybean Stockpiles and 2018 U.S. Grain, Soybean Prospective Planting
reports Thursday and how the government’s estimates compared to analysts’
forecasts in a Wall Street Journal survey.
U.S. Stockpiles on March 1, 2018 (million bushels)
Thursday’s USDA
Estimates Average Range March 2017 Dec. 2017
Corn 8,888 8,716 8,500-8,881 8,622 12,567R
Soybeans 2,107 2,042 1,870-2,110 1,739 3,161R
Wheat 1,494 1,486 1,450-1,620 1,659 1,873R
***
U.S. Grain, Soybean Planting (million acres)
2018
Thursday’s
Estimates Average Range USDA 2017
Corn 88.026 89.348 88.4-91.0 90.167
Soybeans 88.982 90.919 89.9-92.1 90.142
All Wheat 47.339 46.481 45.7-47.2 46.012
Winter Wheat 32.708 32.563 32.2-32.7 32.696
Spring Wheat 12.627 11.550 10.9-12.0 11.009
Durum Wheat 2.004 2.413 2.2-2.7 2.307

DJ USDA Grain Stocks: U.S. Summary Total-Mar 29
Grain Stocks: By Position, Month, United States, 2017-2018
(Domestic Units)
========================================================================
2017 2018
—————————————————————–
Date On Off Total All On Off Total All
Farms 1/ Positions Farms 1/ Positions
========================================================================
1,000 Bushels

Corn
Mar 1 4,908,000 3,713,992 8,621,992 5,002,000 3,886,396 8,888,396
Jun 1 2,841,400 2,387,682 5,229,082
Sep 1 787,000 1,506,303 2,293,303
Dec 1 7,739,000 4,827,501 12,566,501

Sorghum
Mar 1 21,250 159,495 180,745 13,250 125,023 138,273
Jun 1 8,620 76,088 84,708
Sep 1 4,280 29,179 33,459
Dec 1 33,800 193,692 227,492

Oats
Mar 1 22,320 40,885 63,205 17,240 37,826 55,066
Jun 1 13,540 36,790 50,330
Sep 1 33,950 38,039 71,989
Dec 1 23,300 43,166 66,466

Barley
Mar 1 56,490 88,211 144,701 48,540 80,811 129,351
Jun 1 27,050 79,314 106,364
Sep 1 90,400 89,283 179,683
Dec 1 74,340 84,528 158,868

All wheat
Mar 1 349,500 1,309,175 1,658,675 259,310 1,235,059 1,494,369
Jun 1 191,755 988,847 1,180,602
Sep 1 491,800 1,774,275 2,266,075
Dec 1 394,080 1,479,335 1,873,415

Durum wheat 2/
Mar 1 32,400 20,584 52,984 25,800 23,396 49,196
Jun 1 18,350 17,953 36,303
Sep 1 33,400 32,756 66,156
Dec 1 30,700 25,351 56,051

Soybeans
Mar 1 668,500 1,070,433 1,738,933 855,000 1,252,146 2,107,146
Jun 1 332,500 633,356 965,856
Sep 1 87,900 213,695 301,595
Dec 1 1,485,000 1,675,679 3,160,679
========================================================================
1/ Includes stocks at mills, elevators, warehouses, terminals, and
processors.
2/ Included in All wheat.

WHEAT
General Comments Wheat markets were lower last week as the USDA reports were not really bullish for Wheat. The reports showed that the quarterly stocks were about as estimated by the trade. Winter Wheat markets in Chicago closed higher on Friday, but only in sympathy with the rallies in Corn and Soybeans. Minneapolis moved lower as the Perspective Plantings reports showed that a big increase in Spring Wheat acreage was planned. That estimate was a bearish shock to the market, and chart trends in Minneapolis turned down due to that report. The weekly export sales report was improved, but cumulative sales and shipments remain behind the pace needed to make USDA targets. Lower futures prices and a weaker US Dollar have put US Wheat back into the mix for world buyers. Wheat futures are still in a weather market, and it remains very dry in the western Great Plains. La Nina conditions are still affecting the production potential for Hard Red Winter areas, but La Nina is fading, so chances for rains should start to improve. However, the systems keep missing the area and go to the north instead. A large part of the HRW crop is still rated in poor to very poor condition as crops start to come out of dormancy.
Overnight News: The southern Great Plains should get mostly dry weather. Temperatures should be above normal. Northern areas should see Snow and rain early and late this week. Temperatures should be near to below normal. The Canadian Prairies should see mostly dry weather or some light precipitation. Temperatures should average mostly above normal.
Chart Analysis: Trends in Chicago are mixed. Support is at 446, 441, and 440 May, with resistance at 456, 457, and 461 May. Trends in Kansas City are mixed to down with no objectives. Support is at 463, 458, and 456 May, with resistance at 4756, 481, and 483 May. Trends in Minneapolis are down with objectives of 572 and 550 May. Support is at 570, 564, and 558 May, and resistance is at 594, 605, and 608 May.

COT — Supplemental Report – Option and Futures Combined Positions as of March 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 623,639
: Positions :
: 90,351 165,539 203,966 108,989 159,811 185,922 49,270 589,228 578,586: 34,411 45,053
: Changes from: March 20, 2018 (Change in open interest: 10,114) :
: 5,156 19,973 -11,113 13,802 -6,688 5,421 8,413 13,266 10,584: -3,152 -471
: Percent of Open Interest Represented by Each Category of Trader :
: 14.5 26.5 32.7 17.5 25.6 29.8 7.9 94.5 92.8: 5.5 7.2
: Total Traders: 453 Number of Traders in Each Category :
: 113 158 162 103 114 31 21 352 370:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of March 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 304,207
: Positions :
: 58,207 39,441 73,264 72,073 140,353 77,028 23,993 280,572 277,051: 23,635 27,156
: Changes from: March 20, 2018 (Change in open interest: 5,530) :
: 624 6,002 -1,780 2,136 -4,819 3,670 7,224 4,651 6,627: 879 -1,097
: Percent of Open Interest Represented by Each Category of Trader :
: 19.1 13.0 24.1 23.7 46.1 25.3 7.9 92.2 91.1: 7.8 8.9
: Total Traders: 270 Number of Traders in Each Category :
: 86 50 83 69 86 24 11 216 206:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of March 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 63,388 :
: Positions :
: 28,818 33,063 3,503 0 1,284 6,712 8,514 1,166 6,955 3,325 2,476 :
: Changes from: March 20, 2018 :
: 1,733 1,752 309 0 -58 542 1,691 136 527 -574 262 :
: Percent of Open Interest Represented by Each Category of Trader :
: 45.5 52.2 5.5 0.0 2.0 10.6 13.4 1.8 11.0 5.2 3.9 :
: Number of Traders in Each Category Total Traders: 96 :
: 42 34 6 0 4 12 7 6 10 9 9 :
—————————————————————————————————————-

RICE:
General Comments: Rice was a little lower despite the USDA quarterly stocks and planted area reports. The reports showed that current supplies are tight and likely to get tighter in the next few months. In particular, the on farm stocks are now very low as most farmers have already sold. The report showed that farmers will plant more Rice this year, but the increase in planted area is not considered burdensome. Indications are that producers are more willing to plant other crops instead of Rice, and early ideas of a significant increase in planted Rice area have gone away. Farmers and bankers are worried about profitability, and planting other crops such as Soybeans or Cotton could mean better returns for some producers.. Any move lower might not last long and go very deep as the fundamental situation still remains bullish in the eyes of most analysts. The US cash market bids remain generally strong amid tight supplies The charts show that Rice once again faded from an important resistance area just above 1250 May.
Overnight News: The Delta should get chances for precipitation every couple of days. Temperatures should be variable.
Chart Analysis: Trends are mixed. Support is at 1233, 1219, and 1212 May, with resistance at 1243, 1252, and 1254 May.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of March 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 8,541 :
: Positions :
: 4,553 4,722 177 26 56 252 1,389 46 549 125 603 :
: Changes from: March 20, 2018 :
: 284 133 -2 0 0 -72 83 0 10 7 -45 :
: Percent of Open Interest Represented by Each Category of Trader :
: 53.3 55.3 2.1 0.3 0.7 3.0 16.3 0.5 6.4 1.5 7.1 :
: Number of Traders in Each Category Total Traders: 51 :
: 16 12 . . . . 7 . 10 4 13 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn closed sharply higher in reaction to the USDA Perspective Plantings report. The planned Corn acreage this year, at just ver 88 million acres, was well below the average trade guess and the planted area last year. The report created massive fund buying, especially in the first hour after the release of the report. Trends turned up with the move yesterday, and more buying is possible early this week. The report reflected producer and banker concerns about planting Corn and selling it at a profit. That means it will take much better prices to entice more Corn planted acreage. However, such acreage might not really be needed as a quick calculation shows that this planted area could produce about 14 billion bushels of Corn. The quarterly stocks report showed ample supplies as supplies were above any trade guess. However, the market focus was on the other report, and the stocks report was largely ignored. The market is looking for demand and saw another week off strong export sales. Corn is a demand market with reasons to move higher over time, but the market is also working through big supplies still located in the US. Ethanol and export demand remain very strong. Trends turned up in Corn on the daily charts on Friday.
Overnight News:
Chart Analysis: Trends in Corn are up with objectives of 395, 467, and 475 May. Support is at 383, 382, and 381 May, and resistance is at 390, 393, and 395 May. Trends in Oats are mixed to down with no objectives. Support is at 222, 220, and 217 May, and resistance is at 228, 232, and 234 May.

COT — Supplemental Report – Option and Futures Combined Positions as of March 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 2,315,457
: Positions :
: 375,789 252,343 599,109 640,303 1,047,452 486,173 130,813 2,101,374 2,029,717: 214,083 285,740
: Changes from: March 20, 2018 (Change in open interest: 4,845) :
: -59,361 36,669 -5,831 35,973 -44,079 19,890 23,715 -9,329 10,474: 14,174 -5,629
: Percent of Open Interest Represented by Each Category of Trader :
: 16.2 10.9 25.9 27.7 45.2 21.0 5.6 90.8 87.7: 9.2 12.3
: Total Traders: 911 Number of Traders in Each Category :
: 225 165 269 363 398 32 23 758 743:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of March 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 6,453 :
: Positions :
: 901 3,350 213 0 0 132 778 5 1,375 364 394 :
: Changes from: March 20, 2018 :
: 165 -166 -2 0 0 -81 498 0 -154 233 204 :
: Percent of Open Interest Represented by Each Category of Trader :
: 14.0 51.9 3.3 0.0 0.0 2.0 12.1 0.1 21.3 5.6 6.1 :
: Number of Traders in Each Category Total Traders: 31 :
: 7 8 . 0 0 . 6 . 6 5 6 :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans and products were higher in reaction to the USDA Perspective Plantings reports. Funds became huge buyers after the reports were released, but both markets faded against some important short-term resistance areas. The reports showed the potential for much less planted area than expected by the trade. The estimates were about 2.4 million acres below the average trade guess and much below the planted area of last year. The report was the bullish surprise for Friday. The quarterly stocks report showed that inventories were at the high-end of expectations and not a reason to buy. But it was the plantings reports that caught the attention of the trade. It is still a weather market that is making for improved demand. Stronger export demand for US Soybeans is expected to continue due to the drought and reduced production in Argentina and less selling from Brazil. Brazil has a big crop, but has already sold a lot of Soybeans and might not have much more export capacity for now. Argentina is dry again. Some demand is shifting to the US as Argentine cash market offers are very high-priced and Brazil ports are operating at or near capacity already. Strong domestic demand has helped support Soybeans and Soybean Meal.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed to up with objectives of 1054 and 1085 May. Support is at 1040, 1034, and 1025 May, and resistance is at 1050, 1054, and 1058 May. Trends in Soybean Meal are mixed to up with objectives of 393.00, 409.00, and 410.00 May. Support is at 376.00, 369.00, and 368.00 May, and resistance is at 386.00, 387.00, and 390.00 May. Trends in Soybean Oil are mixed. Support is at 3160, 3130, and 3100 May, with resistance at 3250, 3300, and 3350 May.

COT — Supplemental Report – Option and Futures Combined Positions as of March 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 1,057,007
: Positions :
: 205,762 78,438 231,111 362,047 568,962 205,222 41,701 1,004,142 920,212: 52,866 136,795
: Changes from: March 20, 2018 (Change in open interest: 11,648) :
: -9,966 2,684 2,059 22,123 5,649 -960 58 13,256 10,450: -1,608 1,198
: Percent of Open Interest Represented by Each Category of Trader :
: 19.5 7.4 21.9 34.3 53.8 19.4 3.9 95.0 87.1: 5.0 12.9
: Total Traders: 680 Number of Traders in Each Category :
: 192 147 232 195 272 29 17 524 574:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of March 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 547,098
: Positions :
: 106,226 120,473 124,064 143,498 254,451 132,554 16,742 506,342 515,730: 40,756 31,368
: Changes from: March 20, 2018 (Change in open interest: 20,665) :
: 1,965 10,192 9,730 3,896 -3,901 3,914 4,105 19,506 20,125: 1,159 539
: Percent of Open Interest Represented by Each Category of Trader :
: 19.4 22.0 22.7 26.2 46.5 24.2 3.1 92.6 94.3: 7.4 5.7
: Total Traders: 366 Number of Traders in Each Category :
: 95 102 114 86 81 25 15 278 275:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of March 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 517,981
: Positions :
: 123,286 21,121 96,275 125,511 341,228 122,203 26,558 467,274 485,182: 50,707 32,799
: Changes from: March 20, 2018 (Change in open interest: 10,112) :
: -676 -621 -966 1,297 2,365 6,611 7,855 6,267 8,634: 3,845 1,478
: Percent of Open Interest Represented by Each Category of Trader :
: 23.8 4.1 18.6 24.2 65.9 23.6 5.1 90.2 93.7: 9.8 6.3
: Total Traders: 308 Number of Traders in Each Category :
: 106 46 93 88 106 26 14 262 228:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Canola was a little higher in sympathy with the big rally in Soybeans. Competing vegetable oilsmarkets were not as strong as Soybeans or Soybean Meal. The Canadian Dollar has turned firmer, but export sales have been active in the last couple of weeks on the move down in the Canadian Dollar. Charts show that trends are mixed. The market is watching Brazil and Argentina and vegetable oils markets worldwide. It is also watching the US-China trade dispute and the trade is wondering if Canola demand might improve as a result of any problems between the US and China. Farmers are selling in moderate amounts. Palm Oil was a little higher on string export data. The market thinks it has plenty of Palm Oil for any demand. China reported solid Palm Oil imports for February in data released overnight. Production is seasonally lowered to help ending stocks ideas. The market tested support and the support held for now.
Overnight News: SGS said that Malaysian PALM Oil exports were 1.394 million tons in March, from 1.167 million in February. Am Spec said that exports were 1.391 million tons, from 1.144 million in February.
Chart Analysis: Trends in Canola are mixed. Support is at 517.00, 515.00, and 510.00 May, with resistance at 526.00, 531.00, and 532.00 May. Trends in Palm Oil are mixed. Support is at 2410, 2400, and 2370 June, with resistance at 2460, 2470, and 2490 June.

Midwest Weather Forecast: Chances for more precipitation early and late this week, temperatures mostly below normal.

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
April 44 May 160 May 65 May 38 May 15-May
May 49 May 65 May 48 May
June 47 July 50 July 43 July
All basis levels are positive unless noted as negative

Brazil Premiums Soybeans Soybean Meal Soybean Oil Corn
Paraguay Paraguay Paraguay Paraguay
April
May minus 4 May
June minus 6 July
All basis levels are positive unless noted as negative

DJ ICE Canada Cash Grain Close – Mar 28
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 505.90 up 0.20
Basis: Thunder Bay
1 Can 536.80 dn 1.10
2 Can 523.80 dn 1.10
Basis: Vancouver
1 Can 557.80 dn 1.10
2 Can 544.80 dn 1.10
FEED WHEAT
Lethbridge 240.00 unchanged
WESTERN BARLEY
Lethbridge 244.00 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 – April 2
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
Apr 665.00 +07.50 Unquoted – –
May/Jun 665.00 +07.50 Unquoted – –
Jul/Aug/Sep 662.50 +07.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Apr 665.00 +07.50 Unquoted – –
May/Jun 665.00 +07.50 Unquoted – –
Jul/Aug/Sep 662.50 +07.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Apr 670.00 +05.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Apr 595.00 +05.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Apr 2,465 +25.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Apr 239 +03.00 Unquoted – –
($1=MYR 3.8600)

DJ China Dalian Grain Futures Closing Prices, Volume – Apr 02
Soybean No. 1
Turnover: 254,258 lots, or 9.62 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-18 3,747 3,773 3,725 3,763 3,772 3,749 -23 161,998 126,438
Jul-18 3,854 3,875 3,776 3,805 3,827 3,819 -8 118 2
Sep-18 3,848 3,868 3,818 3,859 3,857 3,845 -12 90,194 110,198
Nov-18 3,907 3,907 3,856 3,856 3,823 3,881 58 4 2
Jan-19 3,908 3,927 3,884 3,911 3,915 3,899 -16 1,896 4,374
Mar-19 – – – 3,930 3,930 3,930 0 0 2
May-19 3,959 3,980 3,950 3,980 3,978 3,958 -20 24 160
Jul-19 – – – 3,932 3,932 3,932 0 0 2
Sep-19 4,015 4,027 4,000 4,027 4,028 4,018 -10 24 30
Corn
Turnover: 1,594,880 lots, or 27.91 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-18 1,781 1,783 1,767 1,779 1,784 1,773 -11 140,142 261,070
Jul-18 1,743 1,756 1,741 1,752 1,748 1,747 -1 965,458 474,330
Sep-18 1,746 1,756 1,735 1,750 1,745 1,746 1 448,150 967,770
Nov-18 1,758 1,768 1,758 1,768 1,762 1,763 1 94 772
Jan-19 1,774 1,787 1,764 1,782 1,773 1,777 4 40,618 102,574
Mar-19 1,782 1,793 1,781 1,788 1,785 1,785 0 418 1,530
Soymeal
Turnover: 2,962,228 lots, or 93.77 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-18 3,150 3,178 3,129 3,133 3,115 3,147 32 403,854 559,224
Jul-18 3,171 3,191 3,151 3,156 3,100 3,166 66 356,488 280,436
Aug-18 3,152 3,204 3,152 3,156 3,125 3,174 49 106 454
Sep-18 3,160 3,205 3,150 3,163 3,118 3,171 53 1,983,294 2,818,482
Nov-18 3,142 3,189 3,141 3,158 3,097 3,162 65 570 1,214
Dec-18 – – – 3,102 3,102 3,102 0 0 224
Jan-19 3,119 3,175 3,117 3,138 3,086 3,139 53 216,542 394,420
Mar-19 3,090 3,146 3,090 3,115 3,074 3,118 44 1,374 1,074
Palm Oil
Turnover: 436,598 lots, or 22.26 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Apr-18 – – – 5,034 5,034 5,034 0 0 0
May-18 5,044 5,114 5,044 5,112 5,046 5,088 42 67,942 153,724
Jun-18 – – – 5,158 5,116 5,158 42 0 4
Jul-18 – – – 5,150 5,150 5,150 0 0 0
Aug-18 5,170 5,170 5,170 5,170 5,026 5,170 144 4 6
Sep-18 5,050 5,130 5,050 5,130 5,044 5,098 54 355,524 394,740
Oct-18 – – – 5,044 5,044 5,044 0 0 4
Nov-18 – – – 5,156 5,102 5,156 54 0 20
Dec-18 – – – 5,216 5,162 5,216 54 0 0
Jan-19 5,088 5,144 5,076 5,142 5,060 5,112 52 13,128 42,570
Feb-19 – – – 5,168 5,116 5,168 52 0 4
Mar-19 – – – 5,146 5,146 5,146 0 0 0
Soybean Oil
Turnover: 752,382 lots, or 43.94 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-18 5,648 5,740 5,636 5,726 5,616 5,698 82 158,690 240,574
Jul-18 5,798 5,876 5,798 5,840 5,762 5,856 94 46 106
Aug-18 5,808 5,894 5,808 5,894 5,828 5,840 12 6 12
Sep-18 5,820 5,916 5,810 5,904 5,790 5,872 82 576,086 727,622
Nov-18 6,046 6,046 5,900 5,956 5,872 5,956 84 8 22
Dec-18 – – – 6,040 5,956 6,040 84 0 2
Jan-19 5,962 6,052 5,952 6,044 5,930 6,010 80 17,546 55,022
Mar-19 – – – 5,996 5,996 5,996 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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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

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