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 8
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
ROUGH RICE May. 09, 2018 6 May 07, 2018
CORN May. 09, 2018 314 May 01, 2018
SOYBEAN May. 09, 2018 68 May 03, 2018

DJ USDA Grain Inspections for Export in Metric Tons – May 7
COUNTRY OF DESTINATION IS REPORTED AS KNOWN AT THE TIME OF EXPORTATION.
INFORMATION CONTAINED IN THIS REPORT REFLECTS EXPORTED GRAIN INSPECTED AND
WEIGHED THROUGH GIPSA’S AUTHORITY UNDER THE U.S. GRAIN STANDARDS ACT.
NO ADDITIONAL ANALYSIS, COMPILATIONS OR DATA IS AVAILABLE.
GRAINS INSPECTED AND/OR WEIGHED FOR EXPORT
REPORTED IN WEEK ENDING MAY 03, 2018
— METRIC TONS —
————————————————————————-
CURRENT PREVIOUS
———– WEEK ENDING ———- MARKET YEAR MARKET YEAR
GRAIN 05/03/2018 04/26/2018 05/04/2017 TO DATE TO DATE
BARLEY 0 196 240 21,340 35,189
CORN 1,916,461 1,482,083 862,344 33,191,766 39,352,120
FLAXSEED 0 0 0 4,745 31,588
MIXED 0 0 0 0 0
OATS 0 100 0 12,679 15,189
RYE 0 0 0 0 0
SORGHUM 70,728 193,785 197,434 4,573,561 4,406,522
SOYBEANS 533,667 692,037 371,133 44,050,030 49,870,270
SUNFLOWER 0 0 0 0 0
WHEAT 327,662 395,209 658,231 22,244,649 25,058,773
Total 2,848,518 2,763,410 2,089,382 104,098,770 118,769,651
————————————————————————-
CROP MARKETING YEARS BEGIN JUNE 1 FOR WHEAT, RYE, OATS, BARLEY AND
FLAXSEED; SEPTEMBER 1 FOR CORN, SORGHUM, SOYBEANS AND SUNFLOWER SEEDS.
INCLUDES WATERWAY SHIPMENTS TO CANADA.

DJ U.S. Wheat Production Estimates — Survey
CHICAGO–The following are analysts’ estimates for 2018-19 U.S. wheat production, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated production forecasts at noon on Thursday.
2018-19 WHEAT PRODUCTION
Average Range USDA 2017-18
All Wheat 1,757 1,612-1,832 1,741
Winter Wheat 1,180 1,062-1,304 1,269
Hard Red Winter 644 540-797 750
Soft Red Winter 306 218-330 292
White Winter 230 201-260 227
All Wheat Winter Wheat Hard-Red Soft-Red White
Advanced Market 1,720 1,100 540 300 260
Allendale 1,813 1,183 658 322 202
DC Analysis 1,741 1,269 750 292 227
EDF Man 1,735 1,220 700 310 210
Farm Futures 1,796 1,178 643 319 216
Futures INTL 1,820 1,170 607 330 233
Hueber Report 1,786 1,304 769 300 235
INTL FCStone 1,780 1,127 578 322 227
Sid Love Consulting 1,612 1,062 550 311 201
MaxYield 1,680 N/A N/A N/A N/A
Northstar 1,727 1,150 600 290 260
Price Group 1,832 1,232 661 323 248
Prime-Ag 1,750 1,175 N/A N/A N/A
RJ O’Brien N/A 1,167 611 327 229
Vantage RM 1,771 1,276 797 218 260
Western Milling 1,750 1,127 585 321 221
Zaner Ag Hedge 1,802 1,135 610 300 225

DJ U.S. Corn, Soybean Production Estimates — Survey
CHICAGO–The following are analysts’ estimates for 2018 U.S. corn and soybean production in millions of bushels, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release its monthly estimates at noon on Thursday.
U.S. Corn, Soybean Production (million bushels)
Average Range USDA 2017
Corn Production 14,091 13,921-14,604 14,604
Soybean Production 4,311 4,248-4,430 4,392
Corn Soybean
Production
Advanced Market 14,050 4,248
Agrisource 14,067 4,264
Allendale 13,921 4,279
DC Analysis 14,129 4,297
EDF Man 14,007 4,278
Hueber Report 14,126 4,330
Futures INTL 14,060 4,317
INTL FCStone 13,972 4,299
Sid Love Consultin 14,077 4,273
MaxYield 14,010 4,270
North Star 14,165 4,288
Price Group 14,050 4,265
Prime-Ag 14,087 4,332
RMC 14,604 4,392
Vantage RM 13,967 4,414
Western Milling 14,164 4,430

DJ U.S. May Grain, Soybean Stockpiles Estimates — Survey
CHICAGO–The following are analysts’ estimates in millions of bushels for U.S. ending stockpiles for 2017-18 and 2018-19, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated supply and demand tables on Thursday at noon ET.
U.S. 2017-18 Stockpiles (millions)
Average Range USDA April
Corn 2,178 2,132-2,208 2,182
Soybeans 541 490-565 550
Wheat 1,067 941-1,090 1,064
U.S. 2018-19 Stockpiles (millions)
Average Range USDA April
Corn 1,631 1,467-1,907 N/A
Soybeans 549 336-715 N/A
Wheat 923 780-1,005 N/A
2017-18 2018-19
Corn Soybeans Wheat Corn Soybeans Wheat
Advanced Market 2,182 565 1,090 1,600 610 984
Agrisource 2,140 560 1,074 1,575 475 858
Allendale 2,179 553 1,085 1,545 512 946
DC Analysis 2,182 490 1,069 1,566 336 978
EDF Man 2,182 520 1,089 1,650 525 995
Farm Futures 2,177 528 1,082 1,776 524 910
Futures INTL 2,192 555 1,061 1,907 521 947
Hueber Report 2,150 555 1,064 1,525 715 1,005
INTL FCStone 2,165 495 1,080 1,484 502 855
Sid Love Consulting 2,182 550 1,064 1,559 528 780
MaxYield 2,180 540 1,060 1,780 620 920
Northstar 2,182 530 1,070 1,547 618 810
Prime-Ag 2,182 550 1,085 1,750 600 1,000
Price Group 2,182 535 1,079 1,597 535 1,004
RJ O’Brien 2,132 559 1,080 1,765 495 948
RMC 2,175 550 1,064 1,800 550 999
US Commodities 2,192 535 1,050 1,483 462 840
Vantage RM 2,207 550 941 1,665 634 809
Western Milling 2,208 550 1,075 1,572 632 934
Zaner Ag Hedge 2,187 540 1,084 1,467 580 930

DJ May Brazil, Argentina Corn, Soybean Production Estimates – Survey
CHICAGO–The following are analysts’ estimates in millions of metric tons for Brazil and Argentina corn and soybean production for 2017-18, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release its monthly estimates on Thursday at noon ET.
2017-18 Brazil Corn, Soybean Production (million metric tons)
Average Range USDA April
Corn 88.2 83.9-91.0 92.0
Soybeans 116.6 115.0-119.0 115.0
Corn Soybeans
Advanced Market 90.0 116.5
Allendale 87.5 117.0
DC Analysis 85.0 118.0
EDF Man 91.0 116.0
Farm Futures 89.0 117.0
Futures INTL 90.0 115.0
Hueber Report 90.0 115.5
INTL FCStone 83.9 117.0
MaxYield 90.0 118.0
North Star 89.0 116.0
Price Group 87.0 116.0
Prime Ag 88.0 117.0
RMC 89.0 115.0
US Commodities 89.0 119.0
Western Milling 85.0 117.0
Zaner Ag Hedge 88.0 116.0
2017-18 Argentina Corn, Soybean Production (million metric tons)
Average Range USDA April
Corn 32.1 31.0-33.0 33.0
Soybeans 38.6 37.0-40.0 40.0
Corn Soybeans
Advanced Market 33.0 40.0
Allendale 33.0 39.5
DC Analysis 32.0 38.0
EDF Man 33.0 40.0
Farm Futures 33.0 38.0
Futures INTL 32.0 37.0
Hueber Report 32.0 38.0
INTL FCStone 32.0 38.5
MaxYield 32.0 39.0
North Star 32.0 38.0
Price Group 32.0 39.0
Prime Ag 32.0 39.0
RMC 32.0 39.0
US Commodities 31.0 38.0
Western Milling 31.0 38.0
Zaner Ag Hedge 32.0 39.0

DJ May World Grain, Soybean Stockpiles Estimates — Survey
CHICAGO–The following are analysts’ estimates in millions of metric tons for world grain and soybean ending stockpiles for 2017-18 and 2018-19, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated supply and demand tables on Thursday at noon ET.
World Stockpiles (million metric tons)
2017-18
Average Range USDA April
Corn 195.2 192.2-198.0 197.8
Soybeans 90.0 88.5-91.0 90.8
Wheat 271.3 268.5-273.4 271.2
2018-19
Average Range
Corn 182.0 148.7-192.5
Soybeans 91.1 75.5-97.0
Wheat 267.7 260.0-278.7
2017-18 2018-19
Corn Soybeans Wheat Corn Soybeans Wheat
Advanced Market 196.0 90.2 N/A 178.0 96.0 N/A
Allendale 195.2 89.1 271.9 175.2 91.1 278.7
EDF Man 198.0 90.0 272.0 185.0 90.0 265.0
Farm Futures 194.5 89.3 272.6 186.6 91.7 277.0
Futures INTL 195.0 88.5 271.0 190.0 75.5 265.0
Hueber Report 195.5 91.0 271.2 192.5 89.0 271.2
INTL FCStone 192.2 90.5 271.2 148.7 93.6 271.3
MaxYield 194.5 91.0 268.5 191.0 89.5 264.5
Northstar 193.8 89.2 271.2 174.0 97.0 260.0
US Commodities 194.4 89.1 270.0 N/A N/A N/A
Prime-Ag 197.0 91.0 272.0 190.0 94.0 260.0
RMC 196.8 90.8 270.7 N/A N/A N/A
Zaner Ag Hedge 195.2 89.9 273.4 190.7 94.7 263.8

Crop Progress
Date 6-May 29-Apr 2017 Avg
Cotton Planted 20 12 20 20
Corn Planted 39 17 45 44
Corn Emerged 8 3 14 14
Soybeans Planted 15 5 13 13
Sorghum Planted 29 26 30 29
Rice Planted 68 55 76 69
Rice Emerged 44 29 64 50
Peanuts Planted 23 9 23 18
Sugar beets Planted 66 24 70 63
Oats Planted 56 39 77 74
Oats Emerged 34 29 57 54
Winter Wheat Headed 33 19 49 41
Spring Wheat Planted 30 10 51 51
Spring Wheat Emerged 4 19 22
Barley Planted 42 26 50 59
Barley Emerged 13 7 24 30

Crop Condition
Very Poor Fair Good Very Good
Winter Wheat This Week 16 21 29 27 7
Winter Wheat Last Week 16 21 30 26 7
Winter Wheat Last Year 4 11 32 43 10

Pastures and Ranges This Week 5 15 38 37 5
Pastures and Ranges Last Week
Pastures and Ranges Last Year 2 7 28 51 12

WHEAT
General Comments Wheat markets were lower in reaction to ideas that the light rains seen in the Great Plains has helped the crops and on forecasts for some very beneficial rains in the Black Sea growing areas. USDA showed very slight improvement in crop conditions in the US, with most of the improvement coming in the Midwest and the Pacific Northwest. The Great Plains remains mostly a disaster area. Heading progress has been slow. 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. Spring Wheat planting made a lot of progress, but the pace remains well behind last year and the average. Progress in planting Spring Wheat should increase again this week 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 were seen over the weekend and are in the forecast for this week. Demand remains the big problem for Wheat traders. The competition from eastern Europe and the Black Sea area remains very tough.
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 mixed to down with objectives of 505 and 482 July. Support is at 510, 504, and 501 July, with resistance at 524, 537, and 538 July. Trends in Kansas City are mixed to down with objectives of 531 and 510 July. Support is at 533, 531, and 526 July, with resistance at 552, 562, and 565 July. Trends in Minneapolis are mixed to down with objectives of 607 and 594 July. Support is at 608, 600, and 593 July, and resistance is at 613, 617, and 620 July.

RICE:
General Comments: Rice was lower yesterday on an improved weather Outlook for crop development, but held above major chart support at 1250 basis the nearest futures contract. Trends are mixed to down for the short-term. 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 is warmer now farther to the north in Arkansas, 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. Emergence has been slow, but should start to catch up this week. 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 to down with objectives of 1266 July. Support is at 1272, 1265, and 1250 July, with resistance at 1282, 1287, and 1296 July.

DJ Thai Rice Export Prices Fall on Soft Demand — Market Talk
0308 GMT – Thailand’s rice export prices fell 2% to 4% in the last week of April due to a lack of new inquiries and a weakening of the Thai baht, says the US Department of Agriculture in a note; “Foreign buyers have reportedly reduced purchases of Thai white and parboiled rice in response to Thai rice prices escalating over the past couple of weeks.” However, rice exports for the first quarter of this year are up 3.1% on year.(lucy.craymer@wsj.com)

CORN AND OATS
General Comments: Corn closed lower on some speculative selling tied to weakness in the other markets and ideas of big planting progress. USDA showed very strong planting progress after the close, but planting still is behind the pace of last year and the five-year average. Strong planting progress will be possible again this week. 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 Production estimate will be updated later this week
Chart Analysis: Trends in Corn are mixed to up with objectives of 413 and 436 July. Support is at 399, 396, and 393 July, and resistance is at 406, 408, and 409 July. Trends in Oats are mixed. Support is at 233, 230, and 225 July, and resistance is at 238, 240, and 244 July.

SOYBEANS AND PRODUCTS
General Comments: Soybeans were lower yesterday 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, and US negotiators are still far apart from the Chinese in resolving these disputes. 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. 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. Ptroducer’s are now slightly ahead of the normal pace as farmers try to get the crops planted and developing. Progress was fastest in the southern Midwest, but remains very slow in northwest sections.
Overnight News:
Chart Analysis: Trends in Soybeans are down with objectives of 997 and 948 July. Support is at 1010, 999, and 995 July, and resistance is at 1028, 1031, and 1034 July. Trends in Soybean Meal are mixed to down with objectives of 377.00 and 362.00 July. Support is at 381.00, 377.00, and 374.00 July, and resistance is at 393.00, 397.00, and 399.00 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.

CANOLA AND PALM OIL
General Comments: Canola was lower along with Chicago. New crop months have held firm amid lower than expected planted area estimates and unfavorable planting weather until now. 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, but participants want to see the demand. China reported solid Palm Oil imports for February in data released overnight. Production is seasonally lowered to help ending stocks ideas.
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 mixed. Support is at 2350, 2320, and 2290 July, with resistance at 2390, 2430, and 2460 July.

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 50 July 145 July 50 May 52 July 30-Jul
June 50 July 50 July 52 July
July 50 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 7 July 100 September August
July 112 July plus 1 July 91 September
August plus 3 August 88 December October
All basis levels are positive unless noted as negative

DJ ICE Canada Cash Grain Close – May 7
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 516.10 dn 1.00
Basis: Thunder Bay
1 Can 536.90 up 3.80
2 Can 523.90 up 3.80
Basis: Vancouver
1 Can 564.90 up 3.80
2 Can 551.90 up 3.80
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 – May 8
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Tuesday, 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 632.50 -02.50 Unquoted – –
Jun 632.50 00.00 Unquoted – –
Jul/Aug/Sep 632.50 +02.50 Unquoted – –
Oct/Nov/Dec 632.50 +02.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
May 632.50 -02.50 Unquoted – –
Jun 632.50 00.00 Unquoted – –
Jul/Aug/Sep 632.50 +02.50 Unquoted – –
Oct/Nov/Dec 632.50 +02.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
May 615.00 -05.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
May 512.50 -02.50 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
May 2,395 +30.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
May 224 -02.00 Unquoted – –
($1=MYR 3.9480)

DJ China Dalian Grain Futures Closing Prices, Volume – May 08
Soybean No. 1
Turnover: 193,478 lots, or 7.38 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-18 3,719 3,719 3,668 3,675 3,748 3,678 -70 1,000 7,116
Jul-18 3,717 3,717 3,717 3,717 3,788 3,717 -71 2 406
Sep-18 3,846 3,864 3,778 3,786 3,860 3,812 -48 183,206 166,492
Nov-18 – – – 3,895 3,895 3,895 0 0 0
Jan-19 3,921 3,933 3,858 3,867 3,935 3,891 -44 8,986 12,940
Mar-19 – – – 3,920 3,920 3,920 0 0 2
May-19 3,990 3,990 3,918 3,928 3,998 3,963 -35 242 698
Jul-19 – – – 3,952 3,952 3,952 0 0 6
Sep-19 4,050 4,050 3,985 4,000 4,044 4,011 -33 42 130
Corn
Turnover: 297,152 lots, or 5.19 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-18 1,700 1,711 1,700 1,711 1,679 1,704 25 18 3,156
Jul-18 1,739 1,744 1,736 1,743 1,736 1,739 3 51,178 212,090
Sep-18 1,742 1,746 1,738 1,744 1,741 1,742 1 210,818 801,880
Nov-18 1,765 1,769 1,762 1,767 1,763 1,767 4 226 874
Jan-19 1,790 1,797 1,789 1,795 1,789 1,792 3 34,468 214,690
Mar-19 1,798 1,802 1,793 1,801 1,797 1,797 0 444 1,704
Soymeal
Turnover: 3,082,180 lots, or 96.37 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-18 3,035 3,035 2,976 3,023 3,092 3,006 -86 456 4,266
Jul-18 3,109 3,112 3,030 3,037 3,149 3,071 -78 274,076 174,270
Aug-18 3,156 3,156 3,085 3,086 3,192 3,104 -88 44 656
Sep-18 3,158 3,169 3,086 3,089 3,200 3,121 -79 2,267,858 3,053,704
Nov-18 3,185 3,195 3,114 3,114 3,217 3,148 -69 1,510 5,192
Dec-18 3,137 3,167 3,104 3,125 3,206 3,139 -67 122 436
Jan-19 3,201 3,218 3,141 3,146 3,236 3,175 -61 536,806 1,082,962
Mar-19 3,148 3,149 3,090 3,091 3,176 3,114 -62 1,308 5,194
Palm Oil
Turnover: 238,300 lots, or 11.89 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-18 4,898 4,938 4,892 4,908 4,912 4,906 -6 670 6,648
Jun-18 – – – 5,176 5,176 5,176 0 0 4
Jul-18 – – – 4,932 4,938 4,932 -6 0 0
Aug-18 – – – 4,994 5,000 4,994 -6 0 12
Sep-18 4,984 4,998 4,968 4,986 4,968 4,986 18 216,040 552,420
Oct-18 4,974 5,060 4,974 5,060 5,004 5,016 12 8 22
Nov-18 – – – 5,066 5,066 5,066 0 0 16
Dec-18 – – – 5,088 5,088 5,088 0 0 0
Jan-19 5,014 5,026 4,996 5,012 4,998 5,010 12 21,582 97,182
Feb-19 – – – 5,166 5,154 5,166 12 0 2
Mar-19 – – – 5,108 5,108 5,108 0 0 0
Apr-19 – – – 5,082 5,082 5,082 0 0 8
Soybean Oil
Turnover: 310,834 lots, or 18.06 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-18 5,600 5,600 5,560 5,600 5,598 5,592 -6 266 9,230
Jul-18 – – – 5,666 5,666 5,666 0 0 126
Aug-18 – – – 5,764 5,764 5,764 0 0 10
Sep-18 5,812 5,830 5,766 5,782 5,792 5,794 2 273,684 932,646
Nov-18 – – – 5,820 5,820 5,820 0 0 26
Dec-18 – – – 5,860 5,858 5,860 2 0 22
Jan-19 5,942 5,960 5,904 5,920 5,920 5,922 2 36,884 178,206
Mar-19 – – – 6,018 6,018 6,018 0 0 32
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