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 IGC Shaves Down 2017-2018 Global Grain Forecast
By David Hodari
LONDON–The International Grains Council said Thursday that it has trimmed its forecast for global grain production in 2017-2018 to 2,091 million metric tons due to lower expected soybean production.
The new forecast is a decrease of 2 million tons from the previous 2,093 million-ton forecast and a 2.3% drop from the previous season’s record 2,139 million tons, the IGC said.
The IGC raised its 2018-2019 production forecast, upping last month’s estimate by 1 million tons to 2,089 million tons. That figure would mark a second season of declining production after 2016-2017’s record high. The IGC data revealed that an increase in corn and rice forecasts outweighed reduced soybean and wheat predictions.
Driving the fall in the 2017-2018 global grain forecast was a 3 million-ton drop in expected soybean production, now seen at 336 million tons. Corn forecasts shed 2 million tons to 1,044 million tons and the IGC’s rice estimate rose by 2 million tons to 488 million tons. The report said estimated wheat production remained at 758 million tons.
Wheat was last up 1.51% at $5.39 a bushel, corn was last 0.55% higher at $4.11 a bushel and soybeans were last 0.72% up at $10.47 a bushel.

Summary for May USDA Cattle on Feed Data
Data from the U.S. Department of Agriculture’s monthly cattle-on-feed report, released at 12:00 p.m. ET Friday, and analysts’ estimates as compiled by the Wall Street Journal. In million head.
Numbers USDA’s Average Range
2018 2017 estimated of analysts’ of analysts’
% of prev yr estimates estimates
On-feed May 1 11,558 10,998 105 104.9 104.1- 105.4
Placed in Apr 1,695 1,848 92 91.1 85.6- 94.2
Marketed in Apr 1,803 1,703 106 106.0 105.7- 106.2
Note: USDA rounds its estimates to the nearest whole number.
Write to Rodney Christian at csstat@dowjones.com

WHEAT
General Comments Wheat markets were higher on weather concerns before the weekend. The weather focus is now mostly on the Black Sea area, or Ukraine and southern Russia and then into Kazakhstan. These areas are too dry and there is talk of yield loss. Western Spring Wheat areas have been too wet and cold. Canada and Australia have been dry. India and Pakistan have been very hot. Wheat is also a market looking for some consumptive demand, but the weekly export sales reports remain poor. Black Sea prices remain cheaper, but are now starting to turn higher due to the weather problems.
Overnight News: The southern Great Plains should get mostly dry weather. Temperatures should be above normal. Northern areas should see mostly dry conditions. Temperatures should be above normal. The Canadian Prairies should see mostly dry weather. Temperatures should average mostly above normal.
Chart Analysis: Trends in Chicago are up with no objectives. Support is at 538, 532, and 528 July, with resistance at 545, 547, and 553 July. Trends in Kansas City are up with no objectives. Support is at 547, 539, and 527 July, with resistance at 565, 568, and 571 July. Trends in Minneapolis are mixed to up with objectives of 650 July. Support is at 633, 631, and 627 July, and resistance is at 647, 649, and 652 July.

COT — Supplemental Report – Option and Futures Combined Positions as of May 22, 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 652,504
: Positions :
: 98,077 127,559 236,707 106,201 208,706 175,275 31,837 616,260 604,809: 36,244 47,696
: Changes from: May 15, 2018 (Change in open interest: 46,950) :
: -953 -9,510 36,258 11,627 16,813 -3,470 -81 43,462 43,480: 3,487 3,469
: Percent of Open Interest Represented by Each Category of Trader :
: 15.0 19.5 36.3 16.3 32.0 26.9 4.9 94.4 92.7: 5.6 7.3
: Total Traders: 438 Number of Traders in Each Category :
: 118 144 158 97 118 30 15 351 346:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of May 22, 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 294,034
: Positions :
: 68,008 30,486 72,041 64,299 151,765 66,355 13,754 270,703 268,046: 23,330 25,987
: Changes from: May 15, 2018 (Change in open interest: 9,919) :
: 363 -2,143 1,759 4,220 10,031 2,509 309 8,851 9,955: 1,068 -36
: Percent of Open Interest Represented by Each Category of Trader :
: 23.1 10.4 24.5 21.9 51.6 22.6 4.7 92.1 91.2: 7.9 8.8
: Total Traders: 265 Number of Traders in Each Category :
: 84 46 81 69 90 21 8 214 197:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 22, 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 17,600 :
: Positions :
: 7,780 15,990 2,200 390 210 6,560 0 0 500 600 200 :
: Changes from: May 15, 2018 :
: 1,100 3,110 0 100 0 1,810 -400 0 0 300 0 :
: Percent of Open Interest Represented by Each Category of Trader :
: 44.2 90.9 12.5 2.2 1.2 37.3 0.0 0.0 2.8 3.4 1.1 :
: Number of Traders in Each Category Total Traders: 22 :
: 6 10 . . . . 0 0 . . . :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 22, 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 59,702 :
: Positions :
: 23,278 30,814 4,159 0 27 9,914 7,535 1,084 6,604 3,649 2,409 :
: Changes from: May 15, 2018 :
: 856 3,136 171 0 -16 1,206 -1,731 738 -77 682 442 :
: Percent of Open Interest Represented by Each Category of Trader :
: 39.0 51.6 7.0 0.0 0.0 16.6 12.6 1.8 11.1 6.1 4.0 :
: Number of Traders in Each Category Total Traders: 91 :
: 41 33 5 0 . 14 6 4 15 . 9 :
—————————————————————————————————————-

RICE:
General Comments: Rice was lower again on what appeared to be speculative selling in early trading. Light volumen buying entered the pit after midsession and found almost no selling interest, and prices closed higher for the day. Volumes traded were moderate after an active start and a quiet finish.. US crop conditions remain mostly good. The crop is almost completely planted now and is in mostly good condition. Emergence is happening quickly with warmer temperatures, and crops in the south are in flood or going into flood. There is some concern about reduced yields as some áreas have planted late or into less than perfect conditions, but most producers seem happy with the way the crops are developing now.
Overnight News: The Delta should get mostly dry weather. Temperatures should be above normal.
Chart Analysis: Trends are down with no objectives of 1161 July. Support is at 1146, 1140, and 1126 July, with resistance at 1172, 1184, and 1196 July.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 22, 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 9,066 :
: Positions :
: 4,088 4,981 246 0 21 581 1,159 128 632 243 1,319 :
: Changes from: May 15, 2018 :
: 103 -749 60 0 -59 -44 682 0 118 0 144 :
: Percent of Open Interest Represented by Each Category of Trader :
: 45.1 54.9 2.7 0.0 0.2 6.4 12.8 1.4 7.0 2.7 14.5 :
: Number of Traders in Each Category Total Traders: 52 :
: 14 12 . 0 . 5 6 . 12 7 14 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn closed higher, but appeared to be mostly a following market to Soybeans and Wheat. Corn has a potentially bullish fundamental case as plannting remains delayed in northern áreas and as the demand profile remains very good. Prices were supported by another week of solid export sales and the weather in Brazil as well as in parts of the Midwest. Domestic demand remains strong, and demand for etanol is expected to remain strong for a while as Crude Oil and petroleum products remain in price uptrends The weather problems with the Winter Corn crop in Brazil continue with no real rains in sight for major growing areas. There are chances for the crop to ge smaller if rains do not appear soon. Some think that production could drop another 10 million tons from the recent CONAB and USDA estimates. There are no rains in the foreast after this week. There is also talk now of potential for crop losses in Ukraine Corn áreas and parts of Russian grain áreas from dry weather. Parts of the southern and western Midwest need rain, while áreas in the north and northwest have had too much rain.
Overnight News: Unknown destinations bought 231,248 tons of US Corn.
Chart Analysis: Trends in Corn are mixed to up with objectives of 421 and 435 July. Support is at 402, 401, and 399 July, and resistance is at 408, 412, and 415 July. Trends in Oats are mixed to up with no objectives. Support is at 240, 236, and 234 July, and resistance is at 247, 249, and 254 July.

COT — Supplemental Report – Option and Futures Combined Positions as of May 22, 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 2,488,853
: Positions :
: 434,105 218,394 729,286 663,223 1,178,108 430,785 65,153 2,257,399 2,190,941: 231,454 297,912
: Changes from: May 15, 2018 (Change in open interest: 82,692) :
: 12,211 10,290 46,614 15,172 16,568 1,187 5,691 75,183 79,163: 7,508 3,529
: Percent of Open Interest Represented by Each Category of Trader :
: 17.4 8.8 29.3 26.6 47.3 17.3 2.6 90.7 88.0: 9.3 12.0
: Total Traders: 993 Number of Traders in Each Category :
: 267 172 286 385 435 32 19 816 803:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 22, 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 5,469 :
: Positions :
: 850 1,862 319 0 0 70 1,045 0 1,194 346 119 :
: Changes from: May 15, 2018 :
: -253 -89 2 0 0 0 -162 0 9 -10 -70 :
: Percent of Open Interest Represented by Each Category of Trader :
: 15.5 34.0 5.8 0.0 0.0 1.3 19.1 0.0 21.8 6.3 2.2 :
: Number of Traders in Each Category Total Traders: 28 :
: 8 6 . 0 0 . 6 0 5 5 . :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans and Soybean Meal were higher as China continued to buy impressive amounts of new crop Soybeans. The news kept speculative and comercial buying alive. Ideas are that China can buy more Soyeans this week ahead of a new round of talks in China this weekend. The US and China has entered into more talks last week to try to resolve the trade dispute, and enough progress was made by Monday for the US to state that no tarrifs are coming at this time, and China has also pulled back by allowing free imports of US agricultural products. The trade also hopes for a peaceful solution to the NAFTA talks to keep Mexican and Canadian demand alive. Farmers in much of the Midwest are planting Soybeans. It remains too wet to get a lot done in northwestern sections of the belt, and some southern and western áreas have turned a Little too dry. The weather will be watched this week for continued planting progress and overall crop conditions..
Overnight News:
Chart Analysis: Trends in Soybeans are mixed to up with objectives of 1082 July. Support is at 1034, 1025, and 1020 July, and resistance is at 1047, 1051, and 1055 July. Trends in Soybean Meal are mixed. Support is at 377.00, 374.00, and 370.00 July, and resistance is at 383.00, 386.00, and 391.00 July. Trends in Soybean Oil are mixed to up with objectives of 3230 and 3320 July. Support is at 3120, 3100, and 3060 July, with resistance at 3180, 3210, and 3220 July.

COT — Supplemental Report – Option and Futures Combined Positions as of May 22, 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 1,094,121
: Positions :
: 162,340 85,583 254,083 387,335 572,762 228,221 62,221 1,031,980 974,650: 62,141 119,471
: Changes from: May 15, 2018 (Change in open interest: 24,967) :
: -14,511 -1,783 8,723 10,490 -4,068 16,927 23,459 21,629 26,331: 3,338 -1,364
: Percent of Open Interest Represented by Each Category of Trader :
: 14.8 7.8 23.2 35.4 52.3 20.9 5.7 94.3 89.1: 5.7 10.9
: Total Traders: 722 Number of Traders in Each Category :
: 220 157 258 216 265 31 15 587 589:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of May 22, 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 542,209
: Positions :
: 105,047 135,925 136,578 149,820 232,841 109,415 5,875 500,860 511,219: 41,349 30,990
: Changes from: May 15, 2018 (Change in open interest: 5,832) :
: -3,433 -11,358 7,470 346 10,007 115 920 4,498 7,039: 1,334 -1,207
: Percent of Open Interest Represented by Each Category of Trader :
: 19.4 25.1 25.2 27.6 42.9 20.2 1.1 92.4 94.3: 7.6 5.7
: Total Traders: 372 Number of Traders in Each Category :
: 85 109 131 85 79 25 12 285 281:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of May 22, 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 584,648
: Positions :
: 136,264 25,354 131,091 156,285 376,767 107,986 17,930 531,626 551,142: 53,022 33,506
: Changes from: May 15, 2018 (Change in open interest: -3,964) :
: -6,540 1,756 203 -115 -6,179 -517 -258 -6,970 -4,478: 3,006 514
: Percent of Open Interest Represented by Each Category of Trader :
: 23.3 4.3 22.4 26.7 64.4 18.5 3.1 90.9 94.3: 9.1 5.7
: Total Traders: 336 Number of Traders in Each Category :
: 121 49 109 98 105 24 10 290 244:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Canola was a Little lower on what was called speculative profit taking. It is dry in parts of the Prairies, and there is concern that Canola could be affected if some rains do not return soon. Forecasts call for generally dry conditions to continue for now. Palm Oil was closed for a holiday. Exports for the month are sharply below last monthdue primarily to Ramadan. 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 lower to help ending stocks ideas. Palm Oil prices have held well and traded a Little higher last week despite weaker demand this month.
Overnight News:
Chart Analysis: Trends in Canola are up with no objectives.. Support is at 536.00, 533.00, and 528.00 July, with resistance at 540.00, 542.00, and 545.00 July. Trends in Palm Oil are mixed to up with no objectives. Support is at 2430, 2400, and 2390 August, with resistance at 2480, 2500, and 2520 August.

DJ Canadian Grain Handling Summary – May 25
WINNIPEG–The following are Canadian grain handling summary statistics
for the week ended May 20, 2018. Figures in thousands of metric tons.
Source: Canadian Grain Commission.
Durum
Wheat Wheat Oats Barley Flax Canola Peas Corn Total*
COMMERCIAL STOCKS
This week 1998.9 377.1 145.5 255.6 42.4 991.4 264.0 209.9 4869.9
Week ago 2301.1 362.8 155.8 348.1 50.7 1083.7 328.2 243.0 5430.5
Year ago 2609.9 651.8 151.9 242.7 75.6 830.2 149.9 183.4 5189.8
PRODUCER DELIVERIES
This Week 185.7 28.0 22.0 21.4 4.7 196.5 30.6 7.3 538.3
Week Ago 242.2 21.6 15.5 29.8 5.4 206.9 41.5 14.6 617.8
To Date 14542.8 3034.7 1800.9 2652.5 355.9 15559.2 2434.2 515.6 44358.8
Year Ago 14233.9 4031.4 1605.6 2145.3 328.8 16298.8 3709.9 337.6 46393.1
TERMINAL RECEIPTS
This Week 403.3 84.6 8.1 4.4 0.1 197.2 38.3 60.3 857.9
Week Ago 378.3 63.2 6.1 36.3 4.4 229.3 53.7 60.4 857.6
To Date 14238.2 3675.2 192.1 1570.0 181.6 8908.6 1527.3 907.8 36361.3
Year Ago 13943.3 4590.9 151.3 999.5 228.7 9909.0 3006.9 741.9 39248.9
EXPORTS
This Week 455.2 52.8 17.0 15.0 0.7 253.9 82.9 77.5 982.5
Week Ago 368.0 119.9 52.6 59.2 19.2 223.3 83.1 81.5 1044.2
To Date 12973.7 3295.8 1300.5 1710.5 262.5 8477.2 1642.4 786.9 34201.1
Year Ago 11244.8 3499.7 1016.1 1019.8 254.9 9111.3 3162.8 529.8 34330.0
DOMESTIC DISAPPEARANCE
This Week 131.5 22.7 18.8 25.2 0.6 177.4 3.3 35.7 445.7
Week Ago 84.4 10.0 5.3 23.5 0.8 195.6 3.0 14.9 373.7
To Date 3797.3 626.7 246.4 996.1 46.2 7544.0 192.8 663.8 16211.0
Year Ago 2370.1 261.1 210.5 1065.0 42.1 7514.8 135.8 406.2 13118.6
*Totals include data from other crops not shown including rye, soybeans,
canaryseed, 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 (Phil Franz-Warkentin,
cnscanada@shaw.ca, or 204-414-9084)

DJ Canadian Oilseed Processors Association Monthly Crush
WINNIPEG–Crushing statistics of major oilseeds in Canada for the
month of April, reported by Statistics Canada are as follows:
Figures are in metric tons.
Year Ago 2017/18 2016/17
Canola April 2018 April 2017 To Date To Date
Seed Crushed 788,612 747,528 6,923,421 7,051,037
Oil Produced 352,397 328,580 3,085,381 3,081,088
Meal Produced 438,215 418,530 3,866,639 3,945,168
Soybeans
Seed Crushed 167,756 152,290 1,436,075 1,420,751
Oil Produced 31,151 28,861 262,803 268,643
Meal Produced 130,942 116,618 1,116,147 1,112,771
Source: Commodity News Service Canada (cnscanada@shaw,
204-414-9084)

Midwest Weather Forecast: Mostly dry through Friday in the west. Chances for more precipitation for the next few days in the east Temnperatures mostly near to above normal.

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
May 56 July 165 July 55 July 18-Jul
June 54 July 55 July 51 July
July 54 September 60 July 52 July
All basis levels are positive unless noted as negative

Brazil Premiums Soybeans Soybean Meal Soybean Oil Corn
Paranagua Paranagua Paranagua Paranagua
June minus 1 July 95 July July
July minus 1 July 86 July August
August minus 2 August 78 September September
All basis levels are positive unless noted as negative

DJ ICE Canada Cash Grain Close – May 25
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 527.00 up 3.80
Basis: Thunder Bay
1 Can 550.10 dn 0.90
2 Can 537.10 dn 0.90
Basis: Vancouver
1 Can 581.10 dn 0.90
2 Can 568.10 dn 0.90
All prices in Canadian dollars per metric ton.
*Quote for previous day
Source: Commodity News Service Canada (cnscanada@shaw.ca,
204-414-9084)

DJ China Dalian Grain Futures Closing Prices, Volume – May 29
Soybean No. 1
Turnover: 160,060 lots, or 5.94 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-18 3,630 3,686 3,630 3,642 3,627 3,652 25 12 280
Sep-18 3,695 3,719 3,688 3,715 3,686 3,705 19 153,850 230,418
Nov-18 – – – 3,724 3,724 3,724 0 0 8
Jan-19 3,791 3,815 3,781 3,812 3,777 3,801 24 6,034 19,406
Mar-19 – – – 3,797 3,774 3,797 23 0 2
May-19 3,843 3,862 3,829 3,862 3,821 3,844 23 136 2,334
Jul-19 – – – 3,798 3,776 3,798 22 0 8
Sep-19 3,874 3,891 3,853 3,883 3,851 3,875 24 28 242
Nov-19 – – – 3,848 3,825 3,848 23 0 14
Corn
Turnover: 428,274 lots, or 7.74 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-18 1,778 1,783 1,773 1,781 1,776 1,779 3 15,780 165,604
Sep-18 1,784 1,792 1,779 1,788 1,784 1,786 2 282,724 843,154
Nov-18 1,827 1,829 1,813 1,823 1,820 1,821 1 48 1,650
Jan-19 1,844 1,855 1,841 1,851 1,842 1,849 7 115,886 424,252
Mar-19 1,887 1,893 1,879 1,888 1,881 1,888 7 174 3,924
May-19 1,915 1,933 1,914 1,924 1,918 1,925 7 13,662 31,050
Soymeal
Turnover: 1,633,592 lots, or 50.13 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-18 2,956 2,998 2,952 2,990 2,956 2,974 18 75,990 140,356
Aug-18 3,067 3,067 3,067 3,067 3,020 3,067 47 10 650
Sep-18 3,038 3,081 3,032 3,076 3,034 3,060 26 1,121,916 2,594,106
Nov-18 3,069 3,112 3,069 3,110 3,063 3,081 18 7,828 5,520
Dec-18 3,080 3,112 3,080 3,112 3,057 3,097 40 54 448
Jan-19 3,090 3,140 3,086 3,136 3,091 3,120 29 396,964 1,672,736
Mar-19 3,000 3,046 3,000 3,044 3,004 3,031 27 446 5,552
May-19 2,895 2,938 2,893 2,934 2,895 2,921 26 30,384 162,982
Palm Oil
Turnover: 324,960 lots, or 16.48 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jun-18 – – – 5,206 5,206 5,206 0 0 0
Jul-18 – – – 5,106 5,106 5,106 0 0 0
Aug-18 – – – 5,236 5,236 5,236 0 0 12
Sep-18 5,042 5,086 5,042 5,068 5,076 5,060 -16 280,844 545,764
Oct-18 5,088 5,114 5,076 5,114 5,108 5,082 -26 24 22
Nov-18 – – – 5,238 5,238 5,238 0 0 12
Dec-18 – – – 5,146 5,146 5,146 0 0 0
Jan-19 5,106 5,162 5,106 5,156 5,136 5,140 4 43,636 165,756
Feb-19 – – – 5,152 5,152 5,152 0 0 2
Mar-19 – – – 5,156 5,156 5,156 0 0 0
Apr-19 – – – 5,278 5,278 5,278 0 0 18
May-19 5,236 5,254 5,206 5,252 5,236 5,222 -14 456 2,322
Soybean Oil
Turnover: 379,628 lots, or 22.04 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-18 5,640 5,640 5,640 5,640 5,710 5,640 -70 2 126
Aug-18 – – – 5,826 5,898 5,826 -72 0 10
Sep-18 5,746 5,810 5,746 5,806 5,770 5,780 10 314,912 956,146
Nov-18 – – – 5,902 5,902 5,902 0 0 24
Dec-18 – – – 5,870 5,860 5,870 10 0 22
Jan-19 5,898 5,958 5,892 5,954 5,910 5,928 18 63,276 285,176
Mar-19 6,040 6,040 6,040 6,040 6,054 6,040 -14 2 66
May-19 5,980 6,038 5,980 6,038 5,990 6,012 22 1,436 11,038
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