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

WHEAT
General Comments Wheat markets were mixed to a little lower. The upside was limited by fears of a trade war with Canada and Mexico along with some general selling seen in the Chicago markets. The fundamentals of the weather market are still there, but the US Winter Wheat harvest should be getting started, so supplies available to the market should start to increase. The harvest is underway in the southern half of the Great Plains, and yield reports are highly variable. One report indicated yields anywhere from in the teens to about 50 bushels per acre. There is no real estimate of abandoned acres available. The harvest is expected to move fast due to the generally sharply reduced yield potential due to dry conditions in the western Great Plains. Wheat crops here and in other places around the world are still in trouble. 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 Russian Spring Wheat areas have been too wet and cold. Canada and Australia have been dry. The previous high on the weekly charts was made in July of last year at 553.5 basis Chicago futures. July futures made a high of 554 before turning lower and moving to a test of chart support at about 518 on the weekly charts
Overnight News: The southern Great Plains should get mostly dry weather. Temperatures should be above normal. Northern areas should see mostly dry conditions, but a few showers are possible every few days. Temperatures should be above normal. The Canadian Prairies should see showers off and on all week. Temperatures should average mostly above normal.
Chart Analysis: Trends in Chicago are mixed to down with objectives of 505 and 479 July. Support is at 515, 510, and 499 July, with resistance at 528, 532, and 538 July. Trends in Kansas City are mixed to down with no objectives. Support is at 532, 527, and 523 July, with resistance at 549, 554, and 565 July. Trends in Minneapolis are down with objectives of 597 and 594 July. Support is at 600, 593, and 591 July, and resistance is at 611, 617, and 621 July.

COT — Supplemental Report – Option and Futures Combined Positions as of May 29, 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 696,143
: Positions :
: 107,338 126,583 238,245 120,995 228,345 192,929 51,731 659,507 644,905: 36,636 51,239
: Changes from: May 22, 2018 (Change in open interest: 43,639) :
: 9,261 -976 1,539 14,794 19,639 17,653 19,895 43,248 40,096: 392 3,543
: Percent of Open Interest Represented by Each Category of Trader :
: 15.4 18.2 34.2 17.4 32.8 27.7 7.4 94.7 92.6: 5.3 7.4
: Total Traders: 458 Number of Traders in Each Category :
: 117 150 175 99 125 33 20 367 375:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of May 29, 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 318,314
: Positions :
: 72,083 26,767 77,148 67,913 162,593 78,153 24,815 295,297 291,323: 23,017 26,991
: Changes from: May 22, 2018 (Change in open interest: 24,280) :
: 4,075 -3,719 5,107 3,615 10,828 11,798 11,061 24,594 23,276: -314 1,004
: Percent of Open Interest Represented by Each Category of Trader :
: 22.6 8.4 24.2 21.3 51.1 24.6 7.8 92.8 91.5: 7.2 8.5
: Total Traders: 270 Number of Traders in Each Category :
: 89 45 80 70 91 23 11 219 199:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 29, 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 62,414 :
: Positions :
: 25,664 35,393 4,558 126 193 8,851 4,022 1,611 7,011 4,270 2,650 :
: Changes from: May 22, 2018 :
: 2,385 4,579 399 126 166 -1,063 -3,513 528 407 621 241 :
: Percent of Open Interest Represented by Each Category of Trader :
: 41.1 56.7 7.3 0.2 0.3 14.2 6.4 2.6 11.2 6.8 4.2 :
: Number of Traders in Each Category Total Traders: 97 :
: 41 35 5 . . 14 6 6 16 4 9 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 29, 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 18,950 :
: Positions :
: 8,380 17,190 2,200 390 210 7,310 0 0 500 750 200 :
: Changes from: May 22, 2018 :
: 600 1,200 0 0 0 750 0 0 0 150 0 :
: Percent of Open Interest Represented by Each Category of Trader :
: 44.2 90.7 11.6 2.1 1.1 38.6 0.0 0.0 2.6 4.0 1.1 :
: Number of Traders in Each Category Total Traders: 22 :
: 6 10 . . . . 0 0 . . . :
—————————————————————————————————————-

RICE:
General Comments: Rice was lower again on Friday in response to news that President Trump had decided to move ahead with tariffs on metals imports from Mexico, the EU, and Canada. Mexico announced some of the markets it would use to retaliate against the US tariffs, and grains were not on the list. However, the US sells a lot of Rice to Mexico and it is our biggest Customer. Cash market traders say that the domestic cash market remains about unchanged. USDA showed that the crop is in good condition last week, and good conditions should be seen again in the weekly reports that will be released this afternoon. Progress is at or above average for the date The crop is almost completely planted. Emergence is happening quickly with warmer temperatures, and crops in the south are in flood or going into flood. There are a few concerns about yield loss due to late planting in many areas.
Overnight News: The Delta should get mostly dry weather, but light precipitation is possible every few days. Temperatures should be above normal.
Chart Analysis: Trends are mixed to down with no objectives. Support is at 1140, 1126, and 1100 July, with resistance at 1170, 1184, and 1196 July.

Disaggregated Commitments of Traders Options and Futures Combined Positions as of May 29, 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 10,073 :
: Positions :
: 5,281 4,585 363 0 0 376 1,649 128 620 306 1,419 :
: Changes from: May 22, 2018 :
: 1,193 -396 117 0 -21 -205 490 0 -12 63 101 :
: Percent of Open Interest Represented by Each Category of Trader :
: 52.4 45.5 3.6 0.0 0.0 3.7 16.4 1.3 6.2 3.0 14.1 :
: Number of Traders in Each Category Total Traders: 59 :
: 18 12 . 0 0 5 10 . 10 8 10 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn closed slightly lower on ideas that Corn crops are in good condition in the Midwest and on trade fears created by the US government. The US announced new tariffs on metals imports from Mexico, Canada, and the EU on Thursday and the targets began to announce their own retaliation on Friday. It was bad news for the Corn market as Mexico especially imports a lot of US Corn Mexico targeted meats and other farm products, but not grains, and Canada announced new tariffs on mostly processed foods and drinks. The EU is expected to target grains and FCOJ. Corn planting progress and emergence was strong in the USDA reports last week, and the overall condition is very high. The weekly progress and condition reports should show that Corn is planted and the condition is very good in the reports tonight. Domestic demand remains strong, and demand for ethanol is expected to remain strong Export demand is also be holding strong. 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 get smaller if rains do not appear. There are no rains in the forecast.
Overnight News:
Chart Analysis: Trends in Corn are mixed to down with objectives of 385 July. Support is at 391, 387, and 385 July, and resistance is at 395, 398, and 401 July. Trends in Oats are mixed. Support is at 241, 238, and 236 July, and resistance is at 251, 254, and 256 July.

COT — Supplemental Report – Option and Futures Combined Positions as of May 29, 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 2,511,087
: Positions :
: 424,399 219,868 669,042 704,894 1,179,823 487,947 145,271 2,286,283 2,214,004: 224,804 297,083
: Changes from: May 22, 2018 (Change in open interest: 22,234) :
: -9,705 1,474 -60,244 41,671 1,715 57,163 80,119 28,884 23,063: -6,650 -829
: Percent of Open Interest Represented by Each Category of Trader :
: 16.9 8.8 26.6 28.1 47.0 19.4 5.8 91.0 88.2: 9.0 11.8
: Total Traders: 1,001 Number of Traders in Each Category :
: 260 180 290 395 441 35 22 829 814:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 29, 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 5,209 :
: Positions :
: 745 2,149 319 0 0 70 858 0 1,115 376 254 :
: Changes from: May 22, 2018 :
: -105 287 0 0 0 0 -187 0 -79 30 135 :
: Percent of Open Interest Represented by Each Category of Trader :
: 14.3 41.3 6.1 0.0 0.0 1.3 16.5 0.0 21.4 7.2 4.9 :
: Number of Traders in Each Category Total Traders: 30 :
: 7 8 . 0 0 . 5 0 6 5 4 :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans and products were mixed to slightly higher on Friday due to ideas of good weather and on continuing fears about new Chinese demand. Prices have been pressured since Tuesday after the Trump administration said it was moving ahead with tariffs even though the negotiations between the two countries were going very well. There were ideas that tariffs could be applied as a tactic to pressure China, and this move appeared mostly designed to get legal and formal hurdles out-of-the-way as a precaution. The US went ahead with tariffs on metals imports from the EU, Canada, and Mexico last week. There will be retaliation, and it is possible that grains and oilseeds will see new or increased tariffs. USDA showed very good planting progress, and farmers should move quickly now to complete planting as Corn is now mostly in the ground. Only doublé crop Soybeans will be left and will need to wait until the Wheat is harvested. Farmers in much of the Midwest are almost done planting Soybeans or are done planting.
Overnight News: Mexico bought 114,300 tons of US Soybeans.
Chart Analysis: Trends in Soybeans are mixed to down with objectives of 995, 992, and 981 July. Support is at 1014, 1011, and 1008 July, and resistance is at 1031, 1036, and 1044 July. Trends in Soybean Meal are mixed to down with objectives of 364.00, 362.00, and 353.00 July. Support is at 372.00, 370.00, and 367.00 July, and resistance is at 378.00, 380.00, and 383.00 July. Trends in Soybean Oil are mixed. Support is at 3100, 3060, and 3030 July, with resistance at 3160, 3180, and 3210 July.

COT — Supplemental Report – Option and Futures Combined Positions as of May 29, 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 1,096,288
: Positions :
: 168,436 87,282 239,247 385,145 570,906 244,001 78,692 1,036,828 976,127: 59,459 120,161
: Changes from: May 22, 2018 (Change in open interest: 2,167) :
: 6,095 1,698 -14,836 -2,190 -1,856 15,779 16,471 4,848 1,477: -2,681 690
: Percent of Open Interest Represented by Each Category of Trader :
: 15.4 8.0 21.8 35.1 52.1 22.3 7.2 94.6 89.0: 5.4 11.0
: Total Traders: 728 Number of Traders in Each Category :
: 216 158 254 221 269 34 18 590 600:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of May 29, 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 536,461
: Positions :
: 104,461 137,081 132,972 145,851 227,504 112,443 7,154 495,727 504,711: 40,734 31,750
: Changes from: May 22, 2018 (Change in open interest: -5,748) :
: -586 1,156 -3,606 -3,969 -5,336 3,028 1,279 -5,133 -6,508: -615 760
: Percent of Open Interest Represented by Each Category of Trader :
: 19.5 25.6 24.8 27.2 42.4 21.0 1.3 92.4 94.1: 7.6 5.9
: Total Traders: 369 Number of Traders in Each Category :
: 80 115 131 82 80 25 14 285 280:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of May 29, 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 591,836
: Positions :
: 137,844 26,540 126,270 159,611 381,491 114,734 24,478 538,460 558,779: 53,377 33,057
: Changes from: May 22, 2018 (Change in open interest: 7,188) :
: 1,581 1,186 -4,821 3,326 4,724 6,748 6,547 6,834 7,637: 354 -449
: Percent of Open Interest Represented by Each Category of Trader :
: 23.3 4.5 21.3 27.0 64.5 19.4 4.1 91.0 94.4: 9.0 5.6
: Total Traders: 347 Number of Traders in Each Category :
: 129 44 102 103 110 26 12 299 244:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Canola was lower, with most of the selling seen in July as speculators started o roll out of the front month. Some areas of the western Prairies saw some beneficial rains last week. 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 a little lower on currency considerations as the Malaysian Ringgit has turned stronger. The market thinks there are still large supplies in the country from the previous crop and expects a very big crop to be grown this year. Exports for the month are sharply below last month due 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 lowered 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 down with objectives of 524.00 and 517.00 July.. Support is at 528.00, 525.00, and 523.00 July, with resistance at 536.00, 540.00, and 542.00 July. Trends in Palm Oil are mixed. Support is at 2400, 2390, and 2380 August, with resistance at 2450, 2480, and 2500 August.

DJ Canadian Grain Handling Summary – Jun 1
WINNIPEG–The following are Canadian grain handling summary statistics
for the week ended May 27, 2018. Figures in thousands of metric tons.
Source: Canadian Grain Commission.
Durum
Wheat Oats Barley Flax Canola Peas Corn Total*
COMMERCIAL STOCKS
This week 1862.6 377.8 122.0 265.9 45.3 840.7 269.6 219.9 4596.5
Week ago 1998.9 377.1 145.5 255.6 42.4 991.4 264.0 209.9 4869.9
Year ago 2424.2 543.5 150.7 233.3 78.3 702.7 139.6 176.6 4775.0
PRODUCER DELIVERIES
This Week 296.0 44.2 15.2 20.8 7.8 273.8 48.9 13.1 769.2
Week Ago 185.7 28.0 22.0 21.4 4.7 196.5 30.6 7.3 538.3
To Date 14851.9 3078.7 1816.2 2673.9 363.4 15833.8 2483.1 528.7 45142.2
Year Ago 14479.8 4108.0 1624.3 2172.2 334.8 16523.9 3730.7 345.6 47055.8
TERMINAL RECEIPTS
This Week 503.2 47.5 1.6 18.5 0.2 195.8 69.9 26.4 953.4
Week Ago 403.3 84.6 8.1 4.4 0.1 197.2 38.3 60.3 857.9
To Date 14801.7 3722.6 193.8 1590.1 181.8 9113.4 1624.0 934.2 37413.2
Year Ago 14361.6 4686.7 151.3 1006.4 229.2 10089.1 3041.5 779.6 40077.6
EXPORTS
This Week 412.2 63.6 19.1 6.9 1.0 239.6 46.0 52.5 900.8
Week Ago 455.2 52.8 17.0 15.0 0.7 253.9 82.9 77.5 982.5
To Date 13385.7 3359.4 1319.7 1717.3 263.5 8717.7 1688.4 839.4 35102.6
Year Ago 11690.0 3538.2 1022.5 1021.5 255.3 9270.0 3201.4 591.5 35087.7
DOMESTIC DISAPPEARANCE
This Week 101.4 3.8 5.5 26.2 1.0 193.0 3.1 16.2 378.4
Week Ago 131.5 22.7 18.8 25.2 0.6 177.4 3.3 35.7 445.7
To Date 3911.0 630.7 252.0 1022.2 47.1 7737.0 195.9 679.9 16602.1
Year Ago 2430.8 264.6 215.3 1088.9 43.1 7635.6 138.4 415.2 13361.3
*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: Mostly dry, but light precipitation is possible every few days. Temperatures mostly near normal.

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
June 53 July 160 July 55 July 50 July 18-Jul
July 53 September 60 July 51 July
August 52 September 48 September 53 August
All basis levels are positive unless noted as negative

Brazil Premiums Soybeans Soybean Meal Soybean Oil Corn
Paraguay Paraguay Paraguay Paraguay
June plus 2 July 95 July
July plus 2 July 92 September August
August 105 August minus 2 August 87 September
All basis levels are positive unless noted as negative

DJ ICE Canada Cash Grain Close – Jun 1
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 522.10 dn 1.60
Basis: Thunder Bay
1 Can 542.30 dn 3.80
2 Can 529.30 dn 3.80
Basis: Vancouver
1 Can 570.30 dn 3.80
2 Can 557.30 dn 3.80
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 – June 4
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
Jun 632.50 -02.50 Unquoted – –
Jul 635.00 -05.00 Unquoted – –
Aug/Sep 635.00 -05.00 Unquoted – –
Oct/Nov/Dec 635.00 -07.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Jun 635.00 -02.50 Unquoted – –
Jul 637.50 -05.00 Unquoted – –
Aug/Sep 637.50 -05.00 Unquoted – –
Oct/Nov/Dec 637.50 -07.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Jun 625.00 -02.50 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Jun 497.50 -05.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jun 2,430 -15.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jun 213.00 00.00 Unquoted – –
($1=MYR3.9680)

DJ China Dalian Grain Futures Closing Prices, Volume – Jun 04
Soybean No. 1
Turnover: 174,056 lots, or 6.47 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-18 – – – 3,647 3,647 3,647 0 0 280
Sep-18 3,684 3,737 3,673 3,732 3,692 3,709 17 165,460 218,076
Nov-18 – – – 3,737 3,737 3,737 0 0 10
Jan-19 3,782 3,831 3,769 3,825 3,789 3,806 17 8,366 21,432
Mar-19 – – – 3,813 3,813 3,813 0 0 2
May-19 3,855 3,898 3,855 3,890 3,853 3,885 32 198 2,498
Jul-19 – – – 3,800 3,800 3,800 0 0 8
Sep-19 3,880 3,928 3,880 3,920 3,885 3,914 29 32 230
Nov-19 – – – 3,887 3,887 3,887 0 0 14
Corn
Turnover: 415,508 lots, or 7.48 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-18 1,771 1,772 1,765 1,768 1,771 1,768 -3 10,880 138,082
Sep-18 1,769 1,773 1,762 1,768 1,771 1,768 -3 193,384 784,958
Nov-18 1,802 1,803 1,791 1,801 1,800 1,799 -1 78,906 18,378
Jan-19 1,829 1,842 1,826 1,831 1,834 1,835 1 102,660 458,258
Mar-19 1,870 1,882 1,870 1,871 1,875 1,875 0 456 3,732
May-19 1,898 1,921 1,898 1,910 1,905 1,913 8 29,222 52,740
Soymeal
Turnover: 2,169,110 lots, or 66.20 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-18 2,957 2,984 2,939 2,982 2,955 2,958 3 111,802 78,228
Aug-18 3,012 3,037 2,995 3,017 3,013 3,015 2 16 646
Sep-18 3,034 3,061 3,011 3,042 3,032 3,034 2 1,231,834 2,453,542
Nov-18 3,057 3,091 3,041 3,084 3,063 3,068 5 110,050 49,752
Dec-18 3,079 3,129 3,079 3,129 3,091 3,111 20 16 440
Jan-19 3,102 3,145 3,083 3,122 3,104 3,114 10 646,622 1,795,112
Mar-19 3,001 3,043 2,990 3,013 3,006 3,014 8 1,202 5,594
May-19 2,896 2,918 2,876 2,892 2,885 2,901 16 67,568 229,822
Palm Oil
Turnover: 419,230 lots, or 21.56 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 5,094 5,148 5,094 5,096 5,092 5,122 30 331,338 537,812
Oct-18 5,146 5,146 5,146 5,146 5,148 5,146 -2 2 22
Nov-18 – – – 5,314 5,316 5,314 -2 0 12
Dec-18 5,210 5,284 5,196 5,196 5,178 5,230 52 6 2
Jan-19 5,180 5,256 5,180 5,190 5,172 5,218 46 87,200 185,318
Feb-19 – – – 5,238 5,238 5,238 0 0 4
Mar-19 – – – 5,156 5,156 5,156 0 0 0
Apr-19 – – – 5,284 5,284 5,284 0 0 18
May-19 5,334 5,378 5,320 5,332 5,300 5,352 52 684 4,230
Soybean Oil
Turnover: 1,067,444 lots, or 63.52 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-18 – – – 5,640 5,640 5,640 0 0 126
Aug-18 – – – 5,864 5,864 5,864 0 0 10
Sep-18 5,868 5,954 5,854 5,884 5,856 5,906 50 787,286 954,064
Nov-18 6,008 6,120 6,008 6,120 5,988 6,064 76 4 32
Dec-18 5,980 6,052 5,980 6,052 5,990 6,026 36 6 18
Jan-19 6,018 6,132 6,008 6,044 6,008 6,072 64 275,056 377,226
Mar-19 6,120 6,120 6,120 6,120 6,136 6,120 -16 2 62
May-19 6,112 6,214 6,088 6,120 6,090 6,148 58 5,090 16,000
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