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 U.S. Export Sales: Weekly Sales Totals – Jun 7
For the week ended May 31, in thousand metric tons, except cotton in
thousand running bales. Net changes in commitments are gross sales,
less cancellations, buy-backs and other downward adjustments. Total
commitments are total export shipments plus total sales.
The marketing year for cotton and rice begins Aug 1. The
marketing year for corn, soybeans and sorghum begins Sep 1. The
marketing year for soy meal and soy oil begins Oct 1.
For wheat and barley, “this year” is the 2018-2019 marketing
year, which began Jun 1, while “last year” is 2017-2018.
Source: USDA
wk’s net change total
in commitments undlvd sales
this year next year this yr last yr this yr next yr
wheat 1555.6-a 0.0 4224.2 6608.8 4224.2 0.0
hrw 216.9-b 0.0 881.4 2322.6 881.4 0.0
srw 198.5-c 0.0 593.1 602.0 593.1 0.0
hrs 501.9-d 0.0 1418.7 1860.5 1418.7 0.0
white 616.6-e 0.0 1228.6 1620.7 1228.6 0.0
durum 21.8-f 0.0 102.5 203.1 102.5 0.0
corn 838.6 418.3 55300.4 54016.4 16297.5 3071.1
soybeans 164.8 34.7 55630.1 58597.2 9025.9 6362.6
soy meal 131.2 3.9 11039.1 9666.6 2962.6 286.9
soy oil 10.0 0.5 888.0 926.9 186.6 2.3
upland cotton 6.8 106.8 16264.9 13867.5 4294.1 4594.9
Pima cotton 13.2 14.5 626.5 612.7 114.3 66.3
sorghum 11.9 0.0 5105.2 4306.8 271.0 38.0
barley 1.2-g 0.0 48.6 28.4 48.6 0.0
rice 146.2 15.0 2837.1 3345.0 332.5 31.3
-a: Includes new sales activity for May 25-31 which resulted
in a net increase of 250.9 thousand metric tons. Also includes
1304.7 thousand metric tons of undelivered sales carried over from
2017-2018.
-b: Includes new sales activity for May 25-31 which resulted
in a net increase of 55.9 thousand metric tons. Also includes
161.0 thousand metric tons of undelivered sales carried over from
2017-2018.
-c: Includes new sales activity for May 25-31 which resulted
in a net increase of 28.4 thousand metric tons. Also includes
170.1 thousand metric tons of undelivered sales carried over from
2017-2018.
-d: Includes new sales activity for May 25-31 which resulted
in a net increase of 16.9 thousand metric tons. Also includes
485.0 thousand metric tons of undelivered sales carried over from
2017-2018.
-e: Includes new sales activity for May 25-31 which resulted
in a net increase of 149.7 thousand metric tons. Also includes
466.9 thousand metric tons of undelivered sales carried over from
2017-2018.
-f: Includes new sales activity for May 25-31 which resulted
in a net decrease of 0.0 thousand metric tons. Also includes
21.8 thousand metric tons of undelivered sales carried over from
2017-2018.
-g: Includes new sales activity for May 25-31 which resulted
in a net decrease of 0.0 thousand metric tons. Also includes
1.2 thousand metric tons of undelivered sales carried over from
2017-2018.

DJ 2017-18 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 Tuesday.
2018-19 Wheat Production
Average Range USDA May USDA 2017-18
All Wheat 1,820 1,754-1,870 1,821 1,741
Winter Wheat 1,187 1,127-1,228 1,192 1,269
Hard Red Winter 641 585-676 647 750
Soft Red Winter 319 314-325 315 292
White Winter 228 202-242 229 227
All Wheat Winter Wheat Hard-Red Soft-Red White
Advanced Market 1,813 1,184 632 318 234
Agrivisor 1,830 1,200 650 320 230
Allendale 1,813 1,183 658 322 202
DC Analysis 1,822 1,192 642 318 232
Doane 1,861 1,221 666 320 235
EDF Man 1,819 1,190 655 319 210
Farm Futures 1,858 1,178 635 325 218
Futures International 1,841 1,211 649 320 242
Hueber Report 1,821 1,192 647 315 229
INTL FCStone 1,787 1,159 608 324 229
Sid Love Consulting 1,781 1,166 607 320 239
MaxYield 1,820 N/A N/A N/A N/A
North Star 1,870 1,220 670 320 232
Price Group 1,829 1,199 654 314 231
Prime Ag 1,821 N/A N/A N/A N/A
RJ O’Brien 1,850 1,228 676 316 235
RMC 1,799 1,170 N/A N/A N/A
Vantage RM 1,801 1,184 635 320 229
Western Milling 1,754 1,127 585 321 221
Zaner Ag Hedge 1,801 1,170 626 315 229

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 Tuesday.
U.S. 2018 Production (million bushels, bushels per acre)
Average Range USDA May USDA 2017
Corn Production 14,072 14,007-14,215 14,040 14,604
Soybean Production 4,293 4,275-4,430 4,280 4,392
Corn Yield 174.2 173.1-176.0 174.0 176.6
Soybean Yield 48.6 48.5-50.0 48.5 49.1
Corn Soybean
Production Yield Production Yield
Advanced Market 14,040 174 4,280 48.5
AgriSource 14,040 174 4,280 48.5
Agrivisor 14,040 174 4,280 48.5
Allendale 14,040 174.0 4,280 48.5
DC Analysis 14,215 N/A 4,307 N/A
Doane 14,105 175.0 4,275 48.5
EDF Man 14,040 174.0 4,280 48.5
Hueber Report 14,040 174.0 4,280 48.5
INTL FCStone 14,127 173.1 4,299 48.8
Sid Love Consulting 14,040 174.0 4,280 48.5
MaxYield 14,040 174.0 4,280 48.5
North Star 14,040 174.0 4,280 48.5
Price Group 14,040 174.0 4,280 48.5
Prime Ag 14,040 174.0 4,280 48.5
RMC 14,040 174.0 4,280 48.5
US Commodities 14,203 176.0 4,304 48.8
Vantage RM 14,160 175.5 4,297 48.7
Western Milling 14,007 174.0 4,430 50.0

DJ U.S. June 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 Tuesday at noon ET.
U.S. Stockpiles (millions)
2017-18
Average Range USDA May
Corn 2,163 2,125-2,208 2,182
Soybeans 523 473-550 530
Wheat 1,079 1,060-1,100 1,070
2018-19
Average Range USDA May
Corn 1,642 1,425-1,790 1,682
Soybeans 435 390-702 415
Wheat 957 820-994 955
2017-18 2018-19
Corn Soybeans Wheat Corn Soybeans Wheat
Advanced Market 2,150 530 1,085 1,650 415 965
AgriSource 2,125 530 1,100 1,600 415 985
Agrivisor 2,162 520 1,090 1,662 405 984
Allendale 2,172 520 1,075 1,652 405 957
DC Analysis 2,167 484 1,060 1,567 390 964
Doane 2,172 520 1,063 1,610 400 985
EDF Man 2,157 515 1,090 1,607 395 975
Farm Futures 2,134 504 1,087 1,689 442 994
Futures Internationa 2,177 520 1,077 1,677 405 981
Hueber Report 2,162 545 1,065 1,662 430 960
INTL FCStone 2,142 473 1,086 1,495 480 820
Sid Love Consulting 2,182 550 1,070 1,682 435 915
MaxYield 2,180 545 1,070 1,600 430 940
Northstar 2,182 540 1,090 1,682 420 980
Price Group 2,132 510 1,085 1,632 395 977
Prime-Ag 2,182 540 1,090 1,682 425 975
RJ O’Brien 2,132 519 1,082 1,725 495 980
RMC 2,175 530 1,070 1,675 415 955
US Commodities 2,177 525 1,070 1,790 434 940
Vantage RM 2,192 540 1,070 1,757 435 935
Western Milling 2,208 532 1,075 1,425 702 918
Zaner Ag Hedge 2,132 515 1,080 1,607 405 975

DJ June 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 Tuesday at noon ET.
Brazil Corn, Soybean Production (million metric tons)
Average Range USDA May
Corn 84.0 73.9-87.0 87.0
Soybeans 117.5 117.0-119.0 117.0
Corn Soybeans
Advanced Market 87.00 118.00
Allendale 83.50 117.00
DC Analysis 83.00 118.00
Doane 82.00 118.00
EDF Man 85.00 117.00
Farm Futures 85.00 117.00
Futures International 85.00 118.00
Hueber Report 86.50 117.00
INTL FCStone 73.89 117.14
MaxYield 85.00 119.00
North Star 85.00 117.50
Price Group 82.00 117.00
Prime Ag 85.00 118.00
RMC 87.00 117.00
US Commodities 86.00 118.00
Western Milling 82.00 117.00
Zaner Ag Hedge 85.00 117.50
Argentina Corn, Soybean Production (million metric tons)

Average Range USDA May
Corn 32.4 31.0-33.0 33.0
Soybeans 37.8 36.0-39.0 39.0
Corn Soybeans
Advanced Market 33.00 38.00
Allendale 33.00 39.00
DC Analysis 32.00 36.00
Doane 32.00 37.00
EDF Man 33.00 39.00
Farm Futures 32.00 36.00
Futures International 32.00 37.50
Hueber Report 33.00 37.50
INTL FCStone 32.00 37.50
MaxYield 33.00 38.00
North Star 33.00 37.50
Price Group 32.00 38.00
Prime Ag 33.00 39.00
RMC 33.00 39.00
US Commodities 32.50 38.00
Western Milling 31.00 38.00
Zaner Ag Hedge 32.00 38.00

DJ June 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 Tuesday at noon ET.
World Stockpiles (million metric tons)
2017-18
Average Range USDA May
Corn 193.4 190.0-195.0 194.9
Soybeans 91.2 88.3-93.0 92.2
Wheat 270.3 268.0-271.0 270.5
2018-19
Average Range USDA May
Corn 157.3 150.7-160.0 159.2
Soybeans 86.3 83.5-91.3 86.7
Wheat 263.7 260.0-268.0 264.3
2017-18 2018-19
Corn Soybeans Wheat Corn Soybeans Wheat
Advanced Market 194.0 92.6 271.0 158.7 87.0 261.0
Agrivisor 192.3 89.9 271.0 157.0 84.4 263.0
Allendale 194.5 91.9 270.9 157.2 86.6 265.7
Doane 192.0 91.0 270.5 157.0 85.0 264.0
EDF Man 193.0 92.0 271.0 156.0 86.0 265.0
Farm Futures 195.0 88.3 271.0 155.0 84.2 263.0
Futures International 193.0 89.0 270.5 158.0 83.5 262.5
Hueber Report 192.0 92.0 268.0 159.0 87.3 263.5
INTL FCStone 193.3 89.5 270.5 150.7 91.3 262.3
MaxYield 195.0 92.0 270.5 157.0 86.0 268.0
Northstar 192.8 91.5 270.0 157.0 86.0 260.0
Prime-Ag 195.0 93.0 270.0 160.0 87.0 265.0
RMC 194.7 92.1 270.5 159.0 86.7 264.1
US Commodities 194.5 92.0 270.0 160.0 87.0 263.0
Western Milling 190.0 92.0 269.0 158.0 87.0 263.0
Zaner Ag Hedge 192.8 90.9 271.0 157.7 86.2 265.8

WHEAT
General Comments Wheat markets were higher on bad weather in many parts of the world, but mostly East Europe and Russia. These areas remain mostly hot and dry.. The US Winter Wheat harvest is underway in the Great Plains, so any rains now will not mean much to the crop production potential. Yield reports have been 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 Reports indicate that some initial harvest of the Soft Red Winter crop is underway. The upside was limited by fears of a trade war with Canada and Mexico along with some general selling seen in the Chicago markets. .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.
Overnight News: The southern Great Plains should get mostly dry weather, but some showers are possible in the north and east over the next couple of days. Temperatures should be above normal. Northern areas should see showers off and on into next week. Temperatures should be above normal. The Canadian Prairies should see showers off and on through the weekend. Temperatures should average mostly above normal.
Chart Analysis: Trends in Chicago are mixed. Support is at 519, 515, and 503 July, with resistance at 532, 538, and 545 July. Trends in Kansas City are mixed. Support is at 525, 523, and 519 July, with resistance at 549, 554, and 565 July. Trends in Minneapolis are mixed to down with no objectives. Support is at 591, 581, and 574 July, and resistance is at 605, 608, and 611 July.

RICE:
General Comments: Rice was lower again in early trading yesterday, then found a bid and closed with significant gains. Trade tensions were ramped up over the weekend and remain a focal point as Mexico is the largest buyer of US Rice.. Mexico announced some of the markets it would use to retaliate against the US tariffs, and grains were not on the list. Potential Iranian and Iraqi demand was hurt when Trump did not certify Iran a couple of weeks ago and moved to get a new nuclear deal with them. US export prices are high right now, and that is hurting demand, but the US is said to have little Rice that it can export now, anyway, Cash market traders say that the domestic cash market remains about unchanged. USDA showed that the crop is in good condition this week.
Overnight News: The Delta should get mostly dry weather, but light precipitation is possible this weekend. Temperatures should be above normal.
Chart Analysis: Trends are mixed. Support is at 1126, 1090, and 1063 July, with resistance at 1170, 1184, and 1196 July.

CORN AND OATS
General Comments: Corn closed lower on trade fears. Reports of a weaker Brazilian currency was also negative. No one knows what is going on in the talks with Mexico or any other tariff target, and the market wants some answers. It is not expecting much as the president often changes his mind and could several times before something eventually sticks. In the meantime, the market is starting to prepare for more bad news. Ideas that Corn crops are in good condition in the Midwest also keep some selling interest alive. The weekly progress and condition reports show that Corn is planted and the condition is very good and about the same as last week. 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 down with no objectives. Support is at 378, 377, and 372 July, and resistance is at 385, 387, and 389 July. Trends in Oats are mixed to down with objectives of 220 and 203 July. Support is at 238, 236, and 234 July, and resistance is at 248, 251, and 254 July.

SOYBEANS AND PRODUCTS
General Comments: Soybeans and products were lower due to ideas of good weather and on continuing fears about new Chinese demand. Reports that the Brazilian currency was weaker was also negative. The Chinese made an offer to resolve the dispute, but no response has been seen yet from Washington. The offer included purchases of up to $70 billion in agricultural and energy goods, but made no mention of intellectual property rights. China said that the offer would be withdrawn and no longer valid if tariffs are instituted in response. Prices have been pressured for the last week 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, but the move has made the negotiations more difficult. 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. Emergence and crop conditions are good.
Overnight News:
Chart Analysis: Trends in Soybeans are down with objectives of 992, 983, and 970 July. Support is at 993, 989, and 983 July, and resistance is at 1008, 1012, and 1014 July. Trends in Soybean Meal are down with objectives of 364.00, 362.00, and 353.00 July. Support is at 364.00, 361.00, and 353.00 July, and resistance is at 374.00, 378.00, and 380.00 July. Trends in Soybean Oil are down with objectives of 3000 and 2860 July. Support is at 3060, 3030, and 3020 July, with resistance at 3100, 3160, and 3180 July.

CANOLA AND PALM OIL
General Comments: Canola was lower on US ag markets and reports of better conditions in the Prairies. A stronger Canadian Dollar was negative. 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. Funds have been the best sellers and have been liquidating long positions. Palm Oil was a little lower on ideas of big production and lackluster demand. 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.
Overnight News:
Chart Analysis: Trends in Canola are down with objectives of 517.00 July.. Support is at 523.00, 522.00, and 519.00 July, with resistance at 528.00, 533.00, and 536.00 July. Trends in Palm Oil are mixed to down with no objectives. Support is at 2380, 2350, and 2330 August, with resistance at 2430, 2450, and 2480 August.

Midwest Weather Forecast: Mostly dry, but light precipitation is possible every few days, mostly in the north and east. Temperatures mostly near normal.

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
June 56 July 145 July 60 July 50 July 19-Jul
July 56 September 62 July 50 July
August 50 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
July 87 July 6-Jul 95 July
August 105 August 4-Aug 90 September
September 5-Sep 87 September

DJ ICE Canada Cash Grain Close – Jun 6
WINNIPEG–The following are the closing cash grain prices from ICE
Futures Canada.
Values are based on the commodity being delivered at Thunder Bay,
Ontario, unless otherwise noted.
Source: ICE Futures Canada
Price Change
CANOLA
*Par Region 517.30 unchanged
Basis: Thunder Bay
1 Can 538.70 up 1.40
2 Can 525.70 up 1.40
Basis: Vancouver
1 Can 563.70 dn 1.60
2 Can 550.70 dn 1.60
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 – June 7
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Thursday, 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 627.50 -02.50 Unquoted – –
Jul 627.50 -05.00 Unquoted – –
Aug/Sep 630.00 -02.50 Unquoted – –
Oct/Nov/Dec 630.00 -02.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Jun 630.00 -02.50 Unquoted – –
Jul 630.00 -05.00 Unquoted – –
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
Jun 617.50 -02.50 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Jun 497.50 00.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jun 2,400 -10.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jun 204 -06.00 Unquoted – –
($1=MYR 3.9750)

DJ China Dalian Grain Futures Closing Prices, Volume – Jun 07
Soybean No. 1
Turnover: 192,684 lots, or 7.05 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-18 – – – 3,611 3,629 3,611 -18 0 286
Sep-18 3,673 3,677 3,636 3,636 3,697 3,654 -43 180,964 252,650
Nov-18 – – – 3,722 3,737 3,722 -15 0 10
Jan-19 3,774 3,775 3,738 3,738 3,793 3,752 -41 11,490 25,424
Mar-19 – – – 3,763 3,800 3,763 -37 0 2
May-19 3,841 3,854 3,820 3,820 3,863 3,830 -33 220 2,532
Jul-19 – – – 3,798 3,830 3,798 -32 0 8
Sep-19 3,853 3,858 3,851 3,854 3,890 3,854 -36 8 218
Nov-19 3,845 3,845 3,845 3,845 3,865 3,845 -20 2 14
Corn
Turnover: 366,192 lots, or 6.53 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-18 1,767 1,781 1,766 1,778 1,767 1,771 4 15,386 116,822
Sep-18 1,760 1,769 1,760 1,767 1,763 1,763 0 161,078 706,620
Nov-18 1,883 1,883 1,780 1,807 1,794 1,787 -7 124,710 31,962
Jan-19 1,821 1,829 1,820 1,828 1,825 1,825 0 57,724 416,846
Mar-19 1,850 1,868 1,850 1,867 1,864 1,861 -3 94 3,700
May-19 1,890 1,898 1,888 1,896 1,896 1,894 -2 7,200 54,978
Soymeal
Turnover: 1,578,770 lots, or 47.49 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-18 2,917 2,922 2,878 2,903 2,927 2,902 -25 35,444 59,972
Aug-18 2,954 2,980 2,938 2,955 2,992 2,953 -39 24 670
Sep-18 3,003 3,013 2,972 2,985 3,009 2,990 -19 884,572 2,341,986
Nov-18 3,095 3,095 2,996 3,025 3,046 3,033 -13 195,996 86,966
Dec-18 3,036 3,036 3,036 3,036 3,079 3,036 -43 2 438
Jan-19 3,085 3,086 3,042 3,060 3,087 3,063 -24 405,326 1,761,326
Mar-19 2,985 2,990 2,955 2,968 2,988 2,975 -13 1,248 5,658
May-19 2,875 2,877 2,842 2,846 2,873 2,858 -15 56,158 249,972
Palm Oil
Turnover: 257,930 lots, or 13.00 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 5,018 5,044 5,004 5,024 5,034 5,020 -14 205,782 508,716
Oct-18 – – – 5,058 5,054 5,058 4 0 24
Nov-18 – – – 5,296 5,310 5,296 -14 0 12
Dec-18 – – – 5,186 5,186 5,186 0 0 6
Jan-19 5,106 5,130 5,096 5,108 5,126 5,108 -18 51,932 185,580
Feb-19 5,112 5,112 5,112 5,112 5,156 5,112 -44 2 2
Mar-19 – – – 5,156 5,156 5,156 0 0 0
Apr-19 – – – 5,306 5,306 5,306 0 0 18
May-19 5,234 5,252 5,222 5,240 5,248 5,236 -12 214 4,436
Soybean Oil
Turnover: 445,790 lots, or 26.05 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-18 5,630 5,630 5,630 5,630 5,640 5,630 -10 72 196
Aug-18 – – – 5,864 5,864 5,864 0 0 10
Sep-18 5,806 5,834 5,778 5,822 5,822 5,802 -20 337,154 924,154
Nov-18 5,940 5,940 5,940 5,940 5,968 5,940 -28 2 32
Dec-18 – – – 5,960 5,960 5,960 0 0 16
Jan-19 5,962 5,992 5,934 5,982 5,976 5,960 -16 104,430 381,184
Mar-19 6,160 6,160 6,102 6,102 6,076 6,130 54 4 64
May-19 6,036 6,068 6,012 6,056 6,050 6,040 -10 4,128 21,028
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