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 14
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
ROUGH RICE May. 15, 2018 21 May 11, 2018
CORN May. 15, 2018 248 May 09, 2018
KC HRW WHEAT May. 15, 2018 19 May 11, 2018
OATS May. 15, 2018 7 May 11, 2018
SOYBEAN May. 15, 2018 64 May 11, 2018
WHEAT May. 15, 2018 10 May 11, 2018

WHEAT
General Comments Wheat markets were lower, with much of the selling in reaction to the USDA reports released on Thursday. The reports showed increased production estimates from a month ago despite the horrible weather in the western Great Plains. . Estimates were slightly higher for Winter Wheat and higher for Spring Wheat. Ending stocks were little changed for the current crop year, but above expectations for the next crop year that gets underway next month. World data showed reduced ending stocks expectations. The market is also seeing selling pressure on forecasts for some very beneficial rains in the Black Sea growing areas and also cheap world prices. Black Sea prices remain the cheapest. 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 were reported in these areas last week. Demand remains the big problem for Wheat traders. The competition from eastern Europe and the Black Sea area remains very tough, and US prices are currently well above the competition.
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 down with objectives of 482 July. Support is at 494, 485, and 477 July, with resistance at 507, 510, and 520 July. Trends in Kansas City are down with objectives of 510 July. Support is at 516, 504, and 496 July, with resistance at 530, 538, and 548 July. Trends in Minneapolis are mixed to down with objectives of 594 July. Support is at 600, 593, and 591 July, and resistance is at 608, 617, and 620 July.

COT — Supplemental Report – Option and Futures Combined Positions as of May 08, 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 611,968
: Positions :
: 102,838 128,594 209,290 90,391 196,502 176,912 32,509 579,431 566,895: 32,537 45,073
: Changes from: May 1, 2018 (Change in open interest: -179) :
: 879 -20,190 14,636 -15,168 9,564 -1,058 -3,735 -710 274: 532 -452
: Percent of Open Interest Represented by Each Category of Trader :
: 16.8 21.0 34.2 14.8 32.1 28.9 5.3 94.7 92.6: 5.3 7.4
: Total Traders: 432 Number of Traders in Each Category :
: 105 148 157 92 119 31 16 339 347:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of May 08, 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 282,330
: Positions :
: 70,995 33,730 68,432 55,619 144,500 64,978 10,332 260,023 256,994: 22,307 25,336
: Changes from: May 1, 2018 (Change in open interest: 9,300) :
: 6,885 -2,348 2,552 1,438 7,386 -1,449 969 9,425 8,559: -126 741
: Percent of Open Interest Represented by Each Category of Trader :
: 25.1 11.9 24.2 19.7 51.2 23.0 3.7 92.1 91.0: 7.9 9.0
: Total Traders: 262 Number of Traders in Each Category :
: 85 44 73 70 93 22 8 211 193:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 8, 2018
: Reportable Positions :
:————————————————————————————————————- :
: Producer/Merchant : : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables :
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading :
—————————————————————————————————————-
BLACK SEA WHEAT FINANCIAL – CHICAGO BOARD OF TRADE 50 Metric Tons :
CFTC Code #00160F Open Interest is 14,240 :
: Positions :
: 6,680 12,580 2,200 290 210 4,450 400 0 500 300 200 :
: Changes from: May 1, 2018 :
: Percent of Open Interest Represented by Each Category of Trader :
: 46.9 88.3 15.4 2.0 1.5 31.3 2.8 0.0 3.5 2.1 1.4 :
: Number of Traders in Each Category Total Traders: 20 :
: 6 8 . . . . . 0 . . . :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 8, 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 56,507 :
: Positions :
: 23,331 30,277 4,282 0 13 9,122 7,219 413 6,366 3,060 2,061 :
: Changes from: May 1, 2018 :
: 184 329 13 0 2 91 -813 -430 304 440 11 :
: Percent of Open Interest Represented by Each Category of Trader :
: 41.3 53.6 7.6 0.0 0.0 16.1 12.8 0.7 11.3 5.4 3.6 :
: Number of Traders in Each Category Total Traders: 94 :
: 39 36 6 0 . 14 7 4 13 6 9 :
—————————————————————————————————————-

RICE:
General Comments: Rice was higher on Friday on what appeared to be late short covering from speculators, but were lower for the week. Sources in Arkansas say that planting has been active on warmer weather and that crops are finally starting to emerge. Some producers switched to Soybeans for some of the area due to Price and the bad weather. Planting is also about done along the Gulf Coast. It remains very dry in Texas and producers are having to flush crops more than normal. There are worries that are starting to be Heard about yield potential for the state. USDA increased imports for the current crop year and added these imports to ending stocks. It also showed increased production for the coming crop. Domestic and export demand was increased, but not as much as production, so ending stocks went higher. The overall feel for the report was that there will be enough Rice for the market next year and a return to more normal supply and demand considerations for the coming year. 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 scattered showers and storms. Temperatures should be above normal.
Chart Analysis: Trends are down with objectives of 1222 July. Support is at 1260, 1252, and 1247 July, with resistance at 1272, 1281, and 1289 July.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 8, 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 9,343 :
: Positions :
: 3,797 6,654 175 0 91 1,129 442 128 611 166 875 :
: Changes from: May 1, 2018 :
: -83 -154 0 0 0 -163 71 0 31 -113 291 :
: Percent of Open Interest Represented by Each Category of Trader :
: 40.6 71.2 1.9 0.0 1.0 12.1 4.7 1.4 6.5 1.8 9.4 :
: Number of Traders in Each Category Total Traders: 50 :
: 17 14 . 0 . 8 . . 11 . 10 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn closed lower. The weather problems with the Winter Corn crop in Brazil continue. USDA cut the Brazil production estimate last week, but not as much as some in the trade had hoped. There are chances for the crop to ge smaller if rains do not appear soon. None is currently in the forecast. It is hard to rally the market at this time of year as the crop is getting planted in a timely way and amid generally good conditions. Strong planting progress was possible again last week, although some rains will be seen off and on through the week to keep the pace slower than some in the trade might expect. Big rains were seen in Chicago over the weekend. Frequent showers are expected this week to keep overall progress slow. The most affected areas right now by planting delays are Minnesota, Wisconsin, and Michigan.
Overnight News:
Chart Analysis: Trends in Corn are mixed to down with objectives of 392 and 384 July. Support is at 396, 393, and 389 July, and resistance is at 399, 402, and 405 July. Trends in Oats are mixed. Support is at 231, 230, and 225 July, and resistance is at 239, 242, and 244 July.

COT — Supplemental Report – Option and Futures Combined Positions as of May 08, 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 2,362,419
: Positions :
: 430,262 192,267 660,465 631,604 1,167,458 426,256 53,241 2,148,586 2,073,431: 213,833 288,988
: Changes from: May 1, 2018 (Change in open interest: 44,289) :
: -1,296 -18,416 20,988 33,331 43,740 -320 -9,522 52,702 36,791: -8,413 7,499
: Percent of Open Interest Represented by Each Category of Trader :
: 18.2 8.1 28.0 26.7 49.4 18.0 2.3 90.9 87.8: 9.1 12.2
: Total Traders: 982 Number of Traders in Each Category :
: 244 179 280 378 435 31 19 797 795:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 8, 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 5,833 :
: Positions :
: 739 1,995 314 0 0 70 1,146 0 1,261 344 120 :
: Changes from: May 1, 2018 :
: -49 -320 -1 0 0 0 69 0 -102 65 19 :
: Percent of Open Interest Represented by Each Category of Trader :
: 12.7 34.2 5.4 0.0 0.0 1.2 19.6 0.0 21.6 5.9 2.1 :
: Number of Traders in Each Category Total Traders: 31 :
: 8 7 . 0 0 . 7 0 6 5 . :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans and Soybean Meal were lower Friday, but Soybean Oil was higher. The US and China will enter into more talks this week to try to resolve the trade dispute. China will return to Washington early this week to negotiate a new deal, but the sides have a long way to go before any complete agreement is reached. The tariff threats with China remain alive, and wire reports indicate that Chinese buyers are buying from anywhere but the US right now. 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. Farmers in parts of the southern Midwest are planting Soybeans. Planting of Corn and Soybeans will increase in the north, but progress should remain slow.
Overnight News:
Chart Analysis: Trends in Soybeans down with objectives of 993, 992, and 970 July. Support is at 999, 995, and 989 July, and resistance is at 1014, 1023, and 1028 July. Trends in Soybean Meal are mixed to down with objectives of 377.00 and 362.00 July. Support is at 377.00, 374.00, and 370.00 July, and resistance is at 381.00, 384.00, and 392.00 July. Trends in Soybean Oil are mixed. Support is at 3100, 3070, and 3050 July, with resistance at 3140, 3170, and 3210 July.

COT — Supplemental Report – Option and Futures Combined Positions as of May 08, 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 1,034,304
: Positions :
: 183,566 73,017 225,661 360,948 573,802 205,327 36,334 975,502 908,815: 58,802 125,489
: Changes from: May 1, 2018 (Change in open interest: 14,249) :
: -32,964 5,842 14,176 28,776 -6,929 3,968 1,226 13,956 14,315: 294 -66
: Percent of Open Interest Represented by Each Category of Trader :
: 17.7 7.1 21.8 34.9 55.5 19.9 3.5 94.3 87.9: 5.7 12.1
: Total Traders: 718 Number of Traders in Each Category :
: 212 154 243 215 271 31 15 566 589:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of May 08, 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 538,981
: Positions :
: 104,920 155,024 123,086 160,489 221,156 109,505 6,053 498,000 505,319: 40,981 33,662
: Changes from: May 1, 2018 (Change in open interest: 6,195) :
: -3,493 -4,771 8,094 2,270 4,992 -840 -922 6,031 7,392: 164 -1,197
: Percent of Open Interest Represented by Each Category of Trader :
: 19.5 28.8 22.8 29.8 41.0 20.3 1.1 92.4 93.8: 7.6 6.2
: Total Traders: 381 Number of Traders in Each Category :
: 93 111 123 88 78 25 11 285 281:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of May 08, 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 580,661
: Positions :
: 150,139 20,395 126,891 146,549 383,711 105,224 17,135 528,802 548,132: 51,859 32,529
: Changes from: May 1, 2018 (Change in open interest: -6,904) :
: -7,854 -1,569 -3,316 5,013 -2,133 257 1,343 -5,900 -5,675: -1,003 -1,229
: Percent of Open Interest Represented by Each Category of Trader :
: 25.9 3.5 21.9 25.2 66.1 18.1 3.0 91.1 94.4: 8.9 5.6
: Total Traders: 332 Number of Traders in Each Category :
: 129 39 110 94 106 24 10 290 240:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Canola was a Little lower.. A stronger Canadian Dollar was negative for prices. New crop months have held firm amid lower than expected planted area estimates and unfavorable planting weather until now. The weather is improved, and some producer selling is seen. Charts show that trends are up, but prices are also in a big trading range. Farmers are selling in moderate amounts. Palm Oil was higher in reaction to Ringgit weakness and lower than expected stocks. The market thinks it has plenty of Palm Oil for any demand, but participants want to see the demand. Exports so far this month ar down from last month.. Production is seasonally lowered to help ending stocks ideas.
Overnight News: SGS said that exports so far this month are now 408,568 tons, from 450,659 tons last month,
Chart Analysis: Trends in Canola are mixed. Support is at 528.00, 525.00, and 523.00 July, with resistance at 534.00, 535.00, and 537.00 July. Trends in Palm Oil are mixed. Support is at 2350, 2320, and 2290 July, with resistance at 2430, 2460, and 2500 July.

DJ Canadian Grain Handling Summary – May 11
Winnipeg–The following are Canadian grain
handling summary statistics for the week ended May 6, 2018. Figures in
thousands of metric tons.
Source: Canadian Grain Commission.
Durum
Wheat Oats Barley Flax Canola Peas Corn Total*
COMMERCIAL STOCKS
This week 2547.5 424.1 191.2 313.3 53.2 1323.7 384.6 232.3 6054.8
Last week 3020.2 662.6 213.1 412.9 66.3 1457.2 237.7 153.6 6949.3
Year ago 2852.5 761.2 162.6 270.7 74.9 1100.6 199.0 190.0 6006.5
PRODUCER DELIVERIES
This Week 418.1 30.8 37.5 43.7 11.3 315.3 74.6 13.8 985.4
Week Ago 346.5 57.8 26.0 40.4 6.9 335.8 120.3 23.5 1021.0
To Date 14112.6 2981.3 1762.4 2600.9 345.6 15099.3 2360.8 493.6 43135.1
Year Ago 13763.4 3903.8 1574.4 2074.0 321.8 15778.3 3666.8 323.0 45044.3
Terminal Receipts
This Week 479.0 135.9 30.1 44.4 6.9 229.6 89.7 27.0 1080.9
Week Ago 327.5 98.9 9.2 59.9 16.6 223.0 46.3 47.1 861.1
To Date 13434.5 3527.6 174.0 1529.3 177.1 8473.5 1435.4 787.1 34607.0
Year Ago 13178.4 4350.2 151.2 951.6 223.3 9527.5 2972.0 676.6 37594.4
Exports
This Week 369.5 77.1 25.4 94.9 24.3 172.0 92.2 74.2 982.5
Week Ago 289.0 147.5 10.0 5.3 2.8 255.0 68.0 74.9 935.6
To Date 12148.6 3106.2 1231.5 1636.2 242.2 7993.9 1476.3 628.0 32149.5
Year Ago 10562.3 3355.0 999.2 900.1 240.9 8628.2 3077.8 482.7 32662.0
Domestic Disappearance
This Week 83.4 32.2 6.3 27.2 2.7 133.1 5.1 22.3 367.9
Week Ago 111.4 47.8 5.9 24.5 1.5 156.7 2.4 16.6 401.4
To Date 3582.0 589.6 220.2 947.4 44.7 7074.8 186.5 593.9 15267.6
Year Ago 2268.8 248.9 199.0 1015.8 41.2 7183.3 130.6 388.9 12540.5
*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)

Monthly MPOB Supply and Demand Report:
Observation period : April
Frequency : Monthly
Release date : Thursday, 10 May
Forecast as follows:
Production – 1.61 mil tonnes, Up 2.5%
Exports – 1.49 mil tonnes, Down 5.1%
Ending Stocks – 2.24 mil tonnes, Down 3.4%
Actual as follows:
Production – 1.56 mil tonnes, Down 0.6%
Exports – 1.54 mil tonnes, Down 1.9%
Ending Stocks – 2.17 mil tonnes, Down 6.5%
Prior reading as follows:
Production – 1.57 mil tonnes, Up 17.2%
Exports – 1.57 mil tonnes, Up 19.2%
Ending Stocks – 2.32 mil tonnes, Down 6.2%

Midwest Weather Forecast: Chances for more precipitation through the week, but mostly the first half of the week, Temperatures mostly near normal.

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
May 55 July 152 July 50 July 27-Jul
June 53 July 53 July 445July
July 53 September 55 July 48 July
All basis levels are positive unless noted as negative

Brazil Premiums Soybeans Soybean Meal Soybean Oil Corn
Paraguay Paraguay Paraguay Paraguay
June plus 5 July 120 September August
July 113 July plus 5 July 100 September
August plus 5 August 95 December October
All basis levels are positive unless noted as negative

DJ ICE Canada Cash Grain Close – May 11
WINNIPEG–The following are the closing cash canola 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 521.11 up 2.80
Basis: Thunder Bay
1 Can 544.30 dn 0.90
2 Can 531.30 dn 0.90
Basis: Vancouver
1 Can 577.30 up 4.10
2 Can 564.30 up 4.10
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 14
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 637.50 +05.00 Unquoted – –
Jun 637.50 +05.00 Unquoted – –
Jul/Aug/Sep 637.50 +05.00 Unquoted – –
Oct/Nov/Dec 637.50 +05.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
May 637.50 +05.00 Unquoted – –
Jun 637.50 +05.00 Unquoted – –
Jul/Aug/Sep 637.50 +05.00 Unquoted – –
Oct/Nov/Dec 637.50 +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 517.50 +05.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
May 2,420 +25.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
May 226 +02.00 Unquoted – –
($1=MYR 3.9435)

DJ China Dalian Grain Futures Closing Prices, Volume – May 14
Soybean No. 1
Turnover: 120,470 lots, or 4.55 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-18 3,622 3,622 3,621 3,621 3,653 3,621 -32 14 1,416
Jul-18 3,740 3,789 3,681 3,681 3,710 3,760 50 48 428
Sep-18 3,763 3,791 3,748 3,754 3,770 3,770 0 113,888 169,536
Nov-18 3,836 3,836 3,836 3,836 3,834 3,836 2 2
Jan-19 3,833 3,865 3,825 3,832 3,843 3,843 0 6,430 14,018
Mar-19 – – – 3,872 3,909 3,872 -37 0 2
May-19 3,860 3,882 3,850 3,850 3,868 3,867 -1 44 736
Jul-19 3,841 3,841 3,841 3,841 3,908 3,841 -67 6 8
Sep-19 3,923 3,943 3,905 3,905 3,944 3,920 -24 38 124
Corn
Turnover: 549,940 lots, or 9.74 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-18 1,712 1,727 1,710 1,727 1,711 1,710 -1 344 2,076
Jul-18 1,741 1,760 1,741 1,753 1,746 1,752 6 81,272 209,512
Sep-18 1,754 1,770 1,752 1,763 1,751 1,762 11 364,060 785,500
Nov-18 1,774 1,800 1,774 1,789 1,767 1,786 19 1,284 1,492
Jan-19 1,797 1,825 1,796 1,814 1,794 1,813 19 102,666 241,268
Mar-19 1,807 1,831 1,807 1,824 1,802 1,821 19 314 1,878
Soymeal
Turnover: 2,245,100 lots, or 68.73 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-18 2,961 2,961 2,961 2,961 2,991 2,961 -30 12 3,000
Jul-18 3,007 3,022 2,963 2,970 3,036 3,006 -30 196,430 166,094
Aug-18 3,077 3,079 3,041 3,047 3,098 3,066 -32 266 658
Sep-18 3,065 3,080 3,022 3,030 3,088 3,057 -31 1,650,616 3,018,126
Nov-18 3,101 3,107 3,052 3,052 3,108 3,088 -20 286 5,184
Dec-18 3,115 3,115 3,038 3,038 3,117 3,083 -34 10 438
Jan-19 3,115 3,128 3,072 3,080 3,137 3,104 -33 396,322 1,135,088
Mar-19 3,056 3,065 3,013 3,015 3,072 3,048 -24 1,158 5,360
Palm Oil
Turnover: 364,492 lots, or 18.55 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-18 4,670 4,950 4,670 4,950 4,964 4,916 -48 52 6,614
Jun-18 – – – 5,214 5,214 5,214 0 0 4
Jul-18 – – – 5,202 5,252 5,202 -50 0 0
Aug-18 5,118 5,118 5,118 5,118 5,316 5,118 -198 2 32
Sep-18 5,088 5,120 5,060 5,070 5,092 5,086 -6 330,134 540,808
Oct-18 – – – 5,126 5,126 5,126 0 0 4
Nov-18 – – – 5,126 5,126 5,126 0 0 16
Dec-18 – – – 5,088 5,088 5,088 0 0 0
Jan-19 5,120 5,140 5,084 5,096 5,116 5,106 -10 34,304 105,170
Feb-19 – – – 5,202 5,202 5,202 0 0 2
Mar-19 – – – 5,108 5,108 5,108 0 0 0
Apr-19 – – – 5,248 5,248 5,248 0 0 18
Soybean Oil
Turnover: 400,210 lots, or 23.31 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-18 – – – 5,638 5,638 5,638 0 0 5,000
Jul-18 – – – 5,728 5,728 5,728 0 0 126
Aug-18 – – – 5,826 5,826 5,826 0 0 10
Sep-18 5,826 5,834 5,774 5,780 5,836 5,808 -28 354,660 948,782
Nov-18 – – – 5,882 5,882 5,882 0 0 26
Dec-18 5,974 5,974 5,974 5,974 5,890 5,974 84 2 22
Jan-19 5,964 5,972 5,920 5,926 5,978 5,948 -30 45,548 193,080
Mar-19 – – – 6,078 6,108 6,078 -30 0 68
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