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 – May 7
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN OIL May. 08, 2018 108 May 01, 2018
ROUGH RICE May. 08, 2018 19 May 04, 2018
CORN May. 08, 2018 246 May 01, 2018
KC HRW WHEAT May. 08, 2018 10 May 01, 2018
SOYBEAN May. 08, 2018 68 May 02, 2018

UPDATE 5-China, U.S. reach some deals in trade row but differences still relatively big-Xinhua – Reuters News
04-May-2018 05:07:03 AM
To view this story on Eikon, click here
• US, China officials reach deals on some areas of row-Xinhua
• U.S., China still have “relatively big” disputes-Xinhua
• U.S., China committed to resolve dispute via dialogue-Xinhua
• U.S. delegation agrees to bring up ZTE issue with Trump-Xinhua
• U.S. delegation has already left Beijing-U.S. official
Adds comments from economists
By Sue-Lin Wong and Elias Glenn
BEIJING, May 4 (Reuters) – Top officials from China and the United States reached a consensus on some aspects of the countries’ trade row, but disagreements over other issues remain “relatively big”, according to China’s Xinhua news agency on Friday.
The two sides, though, committed to resolving their trade disputes through dialogue, state-run Xinhua reported.
And the U.S. negotiators agreed to bring up with U.S. President Donald Trump the question of a ban on U.S. companies selling goods and software to Chinese telecommunication equipment maker ZTE Corp 000063.SZ, 0763.HK after representations from the Chinese side, the report said. ZTE faced the seven-year ban after the U.S. said it failed to keep to an agreement it made after breaching U.S. sanctions.
The talks over the past two days have involved a high-level U.S. trade delegation led by Treasury Secretary Steven Munchkin and top Chinese officials, including Vice Premier Liu He, following months of threats and counter threats from both sides in a series of disputes over trade practices.
The U.S. team has already left Beijing and is heading back to the U.S., a U.S. official told Reuters early on Friday evening. The Americans have yet to give their account of the talks.
The trade discussions had been “candid, efficient and constructive,” Xinhua said, but gave almost no details on what the officials had agreed.
The officials exchanged opinions on resolving tariffs and non-tariffs measures, on expanding two-way investment and the protection of intellectual property, and on expanding U.S. exports to China and bilateral services trade, Xinhua reported. It gave no indication of what actions might be taken based on those exchanges.

UPDATE 1-Drought to shrink Kansas wheat crop to smallest since 1989 tour – Reuters News
03-May-2018 02:28:14 PM
To view this story on Eikon, click here
Recasts, updates with quotes, details on crop quality, adds byline
By Michael Hirtzer
MANHATTAN, Kan., May 3 (Reuters) – Drought sapped yield potential for the Kansas wheat crop and likely will result in the smallest harvest in the top wheat-growing state since 1989, scouts said on the final day of an annual crop tour on Thursday.
The crop shortfall could mean higher prices for wheat that would make U.S. supplies less competitive in global markets. Russia already has overtaken the United States as the top global wheat exporter.
K.C. July wheat futures KWN8 surged 2 percent after the crop tour results came out, ending up 12-1/2 cents at $5.67-3/4 per bushel, highest in 10 months.
The Wheat Quality Council estimated average yields for hard red winter wheat at 37.0 bushels per acre (bpa), below the five-year crop tour average of 40.98 bpa and the U.S. Agriculture Department’s 2017 actual Kansas yield of 48.0 bpa, reflecting stressful dry conditions in recent months.
The scouts’ average estimate of 2018 Kansas wheat production was 243.3 million bushels, down sharply from USDA’s actual production last year of 333.6 million and the smallest since 213.6 million in 1989.
“The story of this crop is that it’s late and dry,” said Dave Green, the leader of the crop tour and executive vice president of the Wheat Quality Council.
“The crop has more of a chance for lower production than higher,” Green said of the production estimate.
He added that cold temperatures, which damaged some wheat plants as early as a few weeks ago, hampered crop development through the spring season when plants break winter dormancy. Many wheat fields will go through the critical grain-filling period under hot conditions during the next two months.
The tour started on Monday in Manhattan, swinging west to the town of Colby on Tuesday and then south to Wichita on Wednesday, before ending back in Manhattan. Tour scouts made a total of 644 field stops.
Rains moved through central Kansas on Wednesday, giving plants a needed dose of moisture. If more rains come and temperatures do not get too hot, yield prospects could improve significantly.
A grain buyer at a flour mill who was a scout on the tour said the tour estimate was slightly low. “The rains in the central corridor, those are going to help more than a lot of people think,” he said.

(Reporting by Michael Hirter in Manhattan, Kansas; writing by Julie Ingwersen in Chicago
Editing by Chizu Nomiyama and Bill Trott)

WHEAT
General Comments Wheat markets were higher for the week in reaction to the estimates from the Kansas Wheat tour and on continued forecasts for dry weather in the Great Plains. The rains in the Great Plains are still hard to find, and the Kansas Wheat Tour found very poor crops and conditions as it moved through the state last week. It estimated total production in the state at 243 million bushels. Warmer and drier weather is expected for the Midwest to help speed crop development after some big rains this week. Warmer weather should also move out of the northern Great Plains and Canadian Prairies to allow for some fieldwork to start in Spring Wheat areas. USDA showed that fieldwork is much behind normal this week. Progress in planting Spring Wheat should increase with the warmer weather for the next week. The market has also been concerned about warm and dry weather in Ukraine and southern Russia. There had been talk of the potential for significant yield losses if rains did not appear in the short-term. However, rains are in the forecast for these areas this week. Demand remains the big problem for Wheat traders. The competition from eastern Europe and the Black Sea area remains very tough, but might start to fade if the rains do not appear in both Ukraine and Russia.
Overnight News: The southern Great Plains should get mostly dry weather. Temperatures should be below normal. Northern areas should see scattered showers today and tomorrow. Temperatures should be above 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 up with no objectives. Support is at 524, 521, and 515 July, with resistance at 538, 544, and 547 July. Trends in Kansas City are up with no objectives. Support is at 548, 543, and 533 July, with resistance at 568, 571, and 574 July. Trends in Minneapolis are mixed to up with objectives of 630 and 650 July. Support is at 620, 617, and 613 July, and resistance is at 631, 637, and 643 July.

COT — Supplemental Report – Option and Futures Combined Positions as of May 01, 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 612,147
: Positions :
: 101,959 148,784 194,654 105,559 186,939 177,970 36,244 580,142 566,621: 32,005 45,525
: Changes from: April 24, 2018 (Change in open interest: 29,564) :
: 13,103 -10,729 14,351 -3,703 23,929 5,604 -85 29,356 27,466: 209 2,098
: Percent of Open Interest Represented by Each Category of Trader :
: 16.7 24.3 31.8 17.2 30.5 29.1 5.9 94.8 92.6: 5.2 7.4
: Total Traders: 434 Number of Traders in Each Category :
: 108 148 145 94 119 30 15 330 346:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of May 01, 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 273,030
: Positions :
: 64,109 36,078 65,880 54,181 137,114 66,428 9,363 250,598 248,435: 22,432 24,595
: Changes from: April 24, 2018 (Change in open interest: -6,005) :
: -232 1,698 -302 -5,157 -1,464 317 -2,674 -5,373 -2,742: -632 -3,263
: Percent of Open Interest Represented by Each Category of Trader :
: 23.5 13.2 24.1 19.8 50.2 24.3 3.4 91.8 91.0: 8.2 9.0
: Total Traders: 260 Number of Traders in Each Category :
: 88 45 74 67 85 22 9 210 190:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 1, 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 56,928 :
: Positions :
: 23,148 29,948 4,269 0 12 9,032 8,032 843 6,061 2,620 2,051 :
: Changes from: April 24, 2018 :
: -4,741 -3,714 180 0 -105 1,618 -817 80 -872 188 -427 :
: Percent of Open Interest Represented by Each Category of Trader :
: 40.7 52.6 7.5 0.0 0.0 15.9 14.1 1.5 10.6 4.6 3.6 :
: Number of Traders in Each Category Total Traders: 91 :
: 38 35 5 0 . 13 7 5 12 7 9 :
—————————————————————————————————————-

RICE:
General Comments: Rice was lower for the week, but held above major chart support at 1250 basis the nearest futures contract. Trends are mixed for the short-term, but still up on the weekly charts. The weekly charts are bullish and imply that further gains are likely in coming weeks as the domestic market works with very tight supplies. Farmers are mostly done planting along the Gulf Coast. It remains too cool for many to plant farther to the north in Arkansas, but some significant fieldwork is underway and significant planting progress is being made. Warmer and drier weather is forecast for this week, and there is a chance for more planting progress to be made. Ideas are that little old crop Rice is available in the cash market, and the situation is not likely to improve before the new crop becomes available late this Summer as farmers are mostly sold out. Farmers will plant more Rice this year, but the increase in planted area is not considered burdensome.
Overnight News: The Delta should get drier weather early this week and scattered showers over the second half of the week. Temperatures should be above normal.
Chart Analysis: Trends are mixed. Support is at 1287, 1281, and 1272 July, with resistance at 1313, 1320, and 1328 July.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 1, 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 9,307 :
: Positions :
: 3,880 6,808 175 0 91 1,292 371 128 579 279 584 :
: Changes from: April 24, 2018 :
: -14 -12 3 0 -3 -168 -197 0 39 -25 -67 :
: Percent of Open Interest Represented by Each Category of Trader :
: 41.7 73.2 1.9 0.0 1.0 13.9 4.0 1.4 6.2 3.0 6.3 :
: Number of Traders in Each Category Total Traders: 46 :
: 17 14 . 0 . 8 . . 6 5 4 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn closed a Little lower on some speculative selling before the weekend. Traders continue to worry about planting progress and reacted to news of increasing crop stress to the Winter Corn crop in Brazil. The crops there need rain in the short-term in order to fill kernels and reach maturity in good shape, but forecasts call for mostly dry and increasingly hot conditions in the main growing areas. The potential for losses is increasing and comes at the back of significant Corn production losses in Argentina earlier this year. Planting progress in the US has been slow, but should get a little faster last week with warmer temperatures. However, there is now some rain around to slow the planting progress once again. The rains should not be universal, but enough should fall to provide for overall delays. USDA could show that justo ver one-third of the crop has now been planted. The strength in Crude Oil is thought to be driving demand for Corn for Ethanol to higher levels. Export demand has also held strong due to the reduced production threat in Brazil.
Chart Analysis: Trends in Corn are up with objectives of 413 and 436 July. Support is at 403, 399, and 396 July, and resistance is at 409, 412, and 415 July. Trends in Oats are mixed. Support is at 233, 230, and 225 July, and resistance is at 238, 240, and 244 July.

COT — Supplemental Report – Option and Futures Combined Positions as of May 01, 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 2,318,130
: Positions :
: 431,557 210,683 639,477 598,273 1,123,718 426,576 62,763 2,095,884 2,036,641: 222,246 281,490
: Changes from: April 24, 2018 (Change in open interest: 58,930) :
: 45,753 -22,895 29,282 -22,863 50,905 5,183 913 57,356 58,206: 1,574 724
: Percent of Open Interest Represented by Each Category of Trader :
: 18.6 9.1 27.6 25.8 48.5 18.4 2.7 90.4 87.9: 9.6 12.1
: Total Traders: 975 Number of Traders in Each Category :
: 263 153 278 379 436 31 18 799 785:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 1, 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 6,155 :
: Positions :
: 788 2,315 315 0 0 70 1,077 0 1,363 279 101 :
: Changes from: April 24, 2018 :
: -66 -419 10 0 0 70 262 -2 -37 -48 10 :
: Percent of Open Interest Represented by Each Category of Trader :
: 12.8 37.6 5.1 0.0 0.0 1.1 17.5 0.0 22.1 4.5 1.6 :
: Number of Traders in Each Category Total Traders: 30 :
: 8 6 . 0 0 . 7 0 5 5 . :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans were lower last week as the US and China entered into talks to try to resolve the trade dispute. There had China said on Friday that no such thing happened. Agreement was found on some issues, but there are still a lot of issues that need to be resolved, and the differences are said to be big ion some of these. Demand is still an issue with traders as the tariff threats with China remain alive, but there are still hopes that the issues with China can be resolved before any punitive tariffs are enacted. There are very high level meetings scheduled between the two sides this week. The trade also hopes for a peaceful solution to the NAFTA talks to keep Mexican and Canadian demand alive. China still prefers Brazilian Soybeans due to the tariff threats and as the new crop Brazil harvest is now available, and the US stands to lose demand in coming weeks from that buyer and maybe others as Brazil expands market share. USDA showed almost no planting progress in its reports last week, and might not show much progress this week, but progress is increasing now. Farmers in parts of the southern Midwest are about done planting Corn and will start to plant Soybeans. Planting of Corn and Soybeans will increase in the north this week as better weather has finally arrived.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed. Support is at 1034, 1031, and 1023 July, and resistance is at 1047, 1055, and 1064 July. Trends in Soybean Meal are mixed to up with objectives of 423.00 July. Support is at 391.00, 387.00, and 384.00 July, and resistance is at 399.00, 406.00, and 409.00 July. Trends in Soybean Oil are mixed to down with objectives of 3000 and 2860 July. Support is at 3050, 3000, and 2970 July, with resistance at 3100, 3120, and 3140 July.

COT — Supplemental Report – Option and Futures Combined Positions as of May 01, 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 1,020,055
: Positions :
: 216,530 67,175 211,485 332,172 580,731 201,359 35,108 961,546 894,500: 58,509 125,555
: Changes from: April 24, 2018 (Change in open interest: -35,854) :
: 11,541 1,139 -5,763 -40,659 -23,355 -1,900 -958 -36,782 -28,937: 929 -6,916
: Percent of Open Interest Represented by Each Category of Trader :
: 21.2 6.6 20.7 32.6 56.9 19.7 3.4 94.3 87.7: 5.7 12.3
: Total Traders: 726 Number of Traders in Each Category :
: 208 151 240 214 282 29 15 569 597:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of May 01, 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 532,786
: Positions :
: 108,414 159,795 114,993 158,218 216,164 110,345 6,975 491,969 497,927: 40,817 34,859
: Changes from: April 24, 2018 (Change in open interest: 14,357) :
: 1,722 24,467 -2,785 13,248 -11,153 -1,280 1,814 10,905 12,343: 3,452 2,014
: Percent of Open Interest Represented by Each Category of Trader :
: 20.3 30.0 21.6 29.7 40.6 20.7 1.3 92.3 93.5: 7.7 6.5
: Total Traders: 378 Number of Traders in Each Category :
: 95 112 120 86 79 25 12 283 280:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of May 01, 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 587,565
: Positions :
: 157,993 21,964 130,207 141,535 385,844 104,967 15,791 534,702 553,806: 52,862 33,758
: Changes from: April 24, 2018 (Change in open interest: 31,230) :
: 31,419 -2,963 2,285 -1,530 37,797 -2,767 -5,817 29,406 31,301: 1,824 -71
: Percent of Open Interest Represented by Each Category of Trader :
: 26.9 3.7 22.2 24.1 65.7 17.9 2.7 91.0 94.3: 9.0 5.7
: Total Traders: 348 Number of Traders in Each Category :
: 136 47 113 87 107 24 9 300 243:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Canola was mixed to a little lower. New crop months have held firm amid lower than expected planted area estimates and unfavorable planting weather until now. Cold weather in the Prairies is increasingly important to the market and has made initial fieldwork impossible. Somewhat warmer and drier weather is possible this week. Charts show that trends are up. Farmers are selling in moderate amounts. Palm Oil was higher. 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:
Chart Analysis: Trends in Canola are mixed to down with objectives of 524.00 and 517.00 July. Support is at 523.00, 522.00, and 519.00 July, with resistance at 530.00, 533.00, and 535.00 July. Trends in Palm Oil are down with no objectives. Support is at 2320, 2290, and 2260 July, with resistance at 2390, 2430, and 2460 July.

DJ Canadian Grain Handling Summary – May 4
WINNIPEG–The following are Canadian grain handling summary statistics
for the week ended April 29, 2018. Figures in thousands of metric tons.
Source: Canadian Grain Commission.
Durum
Wheat Oats Barley Flax Canola Peas Corn Total*
COMMERCIAL STOCKS
This week 2531.5 444.0 182.7 359.0 70.5 1268.7 440.5 249.7 6169.8
Week ago 2622.1 559.3 199.5 382.1 66.9 1339.5 399.4 245.9 6442.8
Year ago 2852.8 761.2 162.6 270.7 74.9 1100.6 199.0 190.0 6006.5
PRODUCER DELIVERIES
This Week 346.5 57.8 26.0 40.4 6.9 335.8 120.3 23.5 1021.0
Week Ago 284.2 22.3 41.7 57.2 7.4 272.9 68.2 8.7 809.5
To Date 13691.3 2949.6 1719.0 2557.5 334.1 14772.2 2285.5 479.7 42113.3
Year Ago 13395.8 3828.3 1558.1 2012.1 315.1 15458.6 3628.9 315.2 44103.0
TERMINAL RECEIPTS
This Week 327.5 98.9 9.2 59.9 16.6 223.0 46.3 47.1 861.1
Week Ago 386.7 84.9 10.6 55.2 4.8 234.7 64.9 24.5 881.8
To Date 12923.3 3391.9 143.7 1485.0 170.1 8206.6 1345.7 760.2 33456.6
Year Ago 12759.4 4165.3 151.0 913.3 218.5 9105.3 2916.1 639.8 36371.7
EXPORTS
This Week 289.0 147.5 10.0 45.3 2.8 255.0 68.0 74.9 935.6
Week Ago 402.1 51.1 42.9 46.9 0.6 244.0 20.5 0.3 847.0
To Date 11770.1 3029.2 1207.2 1541.3 217.9 7820.8 1384.1 553.7 31155.7
Year Ago 10259.3 3214.7 984.0 899.5 240.2 8341.6 3024.5 482.7 31829.2
DOMESTIC DISAPPEARANCE
This Week 111.4 47.8 5.9 24.5 1.5 156.7 2.4 16.6 401.4
Week Ago 71.3 3.2 4.0 24.4 0.8 151.3 3.7 18.2 293.5
To Date 3495.9 555.3 209.6 920.2 41.9 6941.6 180.9 571.6 14888.8
Year Ago 2221.3 245.2 194.6 986.6 39.4 7046.7 127.3 378.8 12276.9
*Totals include data from other crops not shown including rye soybeans
canary seed 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)

Midwest Weather Forecast: Chances for more precipitation tomorrow through the end of the week,Temperatures mostly near normal.

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
May 49 July 145 July 50 May 46 July 30-Jul
June 48 July 52 July 50 July
July 48 September 52 July 50 July
All basis levels are positive unless noted as negative

Brazil Premiums Soybeans Soybean Meal Soybean Oil Corn
Paraguay Paraguay Paraguay Paraguay
June 100 July plus 5 July August
July 115 July plus 3 July 115 September
August 128 August plus 5 August 96 December October
All basis levels are positive unless noted as negative

DJ ICE Canada Cash Grain Close – May 4
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 517.10 dn 0.80
Basis: Thunder Bay
1 Can 539.10 dn 4.00
2 Can 526.10 dn 4.00
Basis: Vancouver
1 Can 567.10 dn 4.00
2 Can 554.10 dn 4.00
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 – May 7
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
May 635.00 +05.00 Unquoted – –
Jun 632.50 +05.00 Unquoted – –
Jul/Aug/Sep 630.00 +05.00 Unquoted – –
Oct/Nov/Dec 630.00 +05.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
May 635.00 +05.00 Unquoted – –
Jun 632.50 +05.00 Unquoted – –
Jul/Aug/Sep 630.00 +05.00 Unquoted – –
Oct/Nov/Dec 630.00 +05.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
May 620.00 +05.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
May 515.00 +05.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
May 2,380 +30.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
May 226 +04.00 Unquoted – –
($1=MYR 3.9425)

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