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 – Jul 9
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN OIL July Jul. 10, 2018 941 Jul 06, 2018
CORN July Jul. 10, 2018 253 Jul 02, 2018
KC HRW WHEAT July Jul. 10, 2018 41 Jul 02, 2018
SOYBEAN July Jul. 10, 2018 478 Jul 06, 2018

DJ 2018-19 U.S. Wheat Production Estimates — Survey
CHICAGO–The following are analysts’ estimates for 2018-19 U.S. wheat production, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated production forecasts at noon on Thursday.
2018-19 Wheat Production
Average Range USDA June USDA 2017-18
All Wheat 1,865 1,825-1,923 1,827 1,741
Winter Wheat 1,199 1,178-1,224 1,198 1,269
Hard Red Winter 654 634-675 650 750
Soft Red Winter 317 307-334 316 292
White Winter 229 202-234 232 227
Other Spring 600 568-646 N/A 416
Durum 74 60-83 N/A 55
All Winter Other
Wheat Hard-Red Soft-Red White Spring Durum
Advanced Market 1,867 1,210 654 326 230 576 81
Allendale 1,833 1,183 658 322 202 577 73
DC Analysis 1,859 1,182 634 316 232 599 78
Doane 1,900 1,200 655 315 230 625 75
EDF Man 1,848 1,195 655 310 230 583 70
Farm Futures 1,901 1,178 635 325 218 640 83
Futures Internatio 1,900 1,224 674 318 232 600 75
Hueber Report 1,825 1,195 650 312 232 570 60
INTL FCStone 1,890 1,203 640 334 229 609 78
MaxYield 1,840 N/A N/A N/A N/A N/A N/A
Northstar 1,923 1,217 675 310 232 646 60
Sid Love Consultin 1,861 1,218 670 316 232 568 75
Price Futures 1,865 1,210 657 320 233 580 75
Prime Ag 1,852 N/A N/A N/A N/A N/A N/A
RMC 1,825 1,196 N/A N/A N/A N/A N/A
RJ O’Brien 1,881 1,199 660 307 232 607 75
Vantage RM 1,827 1,198 650 316 232 N/A N/A
US Commodities 1,845 N/A N/A N/A N/A N/A N/A
Western Milling 1,896 1,203 651 319 234 619 74
Zaner Ag Hedge 1,852 1,180 639 311 229 600 71

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. Yield estimates are in bushels per acre and harvested acres are in million acres. The U.S. Department of Agriculture is scheduled to release its monthly estimates at noon on Thursday.
U.S. 2018 Production (million bushels, bushels per acre)
Average Range USDA June USDA 2017
Corn Production 14,331 14,045-14,833 14,040 14,604
Soybean Production 4,329 4,253-4,430 4,280 4,392
Corn Yield 175.3 172.6-179.5 174.0 176.6
Soybean Yield 48.8 47.9-50.0 48.5 49.1
Corn Soybean
Production Yield Production Yield
Advanced Market 14,233 174.0 4,309 48.5
AgriSource 14,224 174.0 4,312 48.5
Allendale 14,243 174.0 4,306 48.5
DC Analysis 14,392 176.0 4,356 49.0
Doane 14,392 176.0 4,400 49.5
EDF Man 14,460 177.0 4,307 48.5
Farm Futures 14,132 172.6 4,253 47.9
Futures Internatio 14,555 178.0 4,310 48.5
Hueber Report 14,045 174.0 4,277 48.5
INTL FCStone 14,228 174.0 4,336 48.8
MaxYield 14,300 174.0 4,300 48.5
Northstar 14,833 179.5 4,380 49.5
Price Futures 14,228 174.0 4,310 48.5
Prime Ag 14,315 175.0 4,307 48.5
RMC 14,210 174.0 4,305 48.5
Sid Love Consultin 14,310 175.0 4,356 49.0
US Commodities 14,379 176.0 4,351 49.0
Vantage RM 14,344 176.0 4,356 49.1
Western Milling 14,397 176.0 4,430 50.0
Zaner 14,395 176.2 4,311 48.5

DJ U.S. July Grain, Soybean Stockpiles Estimates — Survey
CHICAGO–The following are analysts’ estimates in millions of bushels for U.S. ending stockpiles for 2017-18 and 2018-19, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated supply and demand tables on Thursday at noon ET.
U.S. Stockpiles (millions)
2017-18
Average Range USDA June
Corn 2,106 2,050-2,177 2,102
Soybeans 507 478-532 505
Wheat 1,098 1,080-1,100 1,080
2018-19
Average Range USDA June
Corn 1,733 1,500-2,022 1,577
Soybeans 491 385-702 385
Wheat 982 924-1,084 946
2017-18 2018-19
Corn Soybeans Wheat Corn Soybeans Wheat
Advanced Market 2,102 525 N/A 1,695 586 965
AgriSource 2,102 510 1,090 1,675 435 975
Allendale 2,137 528 1,100 1,760 539 961
DC Analysis 2,102 492 N/A 1,679 580 967
Doane 2,072 490 1,100 1,745 545 1,040
EDF Man 2,102 505 N/A 1,847 437 967
Farm Futures 2,166 494 1,100 1,882 437 986
Futures Internationa 2,132 495 N/A 2,022 405 1,013
Hueber Report 2,075 505 N/A 1,550 414 945
INTL FCStone 2,058 478 1,100 1,638 499 1,013
Sid Love Consulting 2,177 505 1,100 1,922 561 999
MaxYield 2,050 515 1,100 1,500 395 956
Northstar 2,150 530 1,100 1,800 510 968
Price Futures 2,102 525 1,100 1,615 465 973
Prime-Ag 2,102 505 1,100 1,877 412 990
RMC 2,102 505 1,080 1,577 385 956
RJ O’Brien 2,087 499 N/A 1,663 498 1,009
US Commodities 2097 500 N/A 1,691 450 950
Vantage RM 2,102 505 1,100 1,881 571 924
Western Milling 2,128 532 1,100 1,585 702 1,084
Zaner Ag Hedge 2,075 500 N/A 1,782 476 N/A

DJ July World Grain, Soybean Stockpiles Estimates — Survey
CHICAGO–The following are analysts’ estimates in millions of metric tons for world grain and soybean ending stockpiles for 2017-18 and 2018-19, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated supply and demand tables on Thursday at noon ET.
World Stockpiles (million metric tons)
2017-18
Average Range USDA June
Corn 191.3 188.0-193.0 192.7
Soybeans 92.0 89.0-94.0 92.5
Wheat 272.3 270.0-274.5 272.4
2018-19
Average Range USDA June
Corn 156.0 151.0-163.0 154.7
Soybeans 88.6 85.6-92.0 87.0
Wheat 264.1 262.0-266.0 266.2
2017-18 2018-19
Corn Soybeans Wheat Corn Soybeans Wheat
Advanced Market 190.0 94.0 270.5 154.0 92.0 263.0
Allendale 192.9 92.8 272.3 156.2 90.0 265.0
Doane 190.0 92.0 273.0 151.0 92.0 262.0
EDF Man 193.0 92.5 272.4 161.0 88.0 264.5
Farm Futures 190.0 89.0 274.5 151.0 86.0 262.0
Futures Interna 192.0 92.0 272.9 161.0 85.6 264.9
Hueber Report 192.7 92.5 272.4 154.0 87.0 264.2
INTL FCStone 190.7 89.7 274.1 153.2 91.4 266.0
MaxYield 192.5 91.8 272.0 155.0 86.5 266.0
Northstar 191.0 93.0 272.5 163.0 92.0 265.0
Prime-Ag 192.0 93.0 272.0 162.0 88.0 265.0
RMC 192.6 92.5 270.0 154.5 87.0 265.2
US Commodities 192.0 92.0 272.0 154.0 86.5 264.0
Western Milling 188.0 91.0 272.0 152.0 88.0 262.0
Zaner Ag Hedge 190.3 92.1 272.4 157.8 88.9 262.4

DJ July Brazil, Argentina Corn, Soybean Production Estimates – Survey
CHICAGO–The following are analysts’ estimates in millions of metric tons for Brazil and Argentina corn and soybean production for 2017-18, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release its monthly estimates on Thursday at noon ET.
Brazil Corn, Soybean Production (million metric tons)
Average Range USDA June
Corn 83.1 79.2-85.0 85.0
Soybeans 118.9 117.4-120.0 119.0
Corn Soybeans
Advanced Market 83.00 119.00
Allendale 83.50 119.00
DC Analysis 82.00 119.00
Doane 82.00 119.00
EDF Man 83.00 119.00
Farm Futures 85.00 118.00
Futures Internati 83.00 119.00
Hueber Report 84.00 119.00
INTL FCStone 79.15 117.36
MaxYield 84.00 120.00
Northstar 83.00 119.00
Price Futures 83.00 119.00
Prime Ag 85.00 119.00
RMC 85.00 119.00
US Commodities 84.00 119.00
Western Milling 80.00 119.00
Zaner Ag Hedge 84.00 119.00
Argentina Corn, Soybean Production (million metric tons)
Average Range USDA June
Corn 32.7 32.0-33.0 33.0
Soybeans 36.7 36.0-37.5 37.0
Corn Soybeans
Advanced Market 33.00 37.00
Allendale 33.00 37.00
DC Analysis 33.00 37.00
Doane 33.00 36.00
EDF Man 33.00 37.00
Farm Futures 32.00 36.00
Futures Internati 33.00 37.00
Hueber Report 33.00 37.00
INTL FCStone 32.50 37.00
MaxYield 33.00 36.00
Northstar 32.00 36.00
Price Futures 33.00 37.00
Prime Ag 33.00 37.00
RMC 33.00 37.00
US Commodities 32.00 37.00
Western Milling 32.00 36.00
Zaner Ag Hedge 33.00 37.50

WHEAT
General Comments Wheat markets were higher again on Friday on bad weather in Europe and Russia that is impacting yield potential for the crops. The US Dollar was lower in range trading and the Dollar Index could be completing a top. In Europe, France saw production estimates drop last week due to stressful weather, and lower production estimates are expected from Germany this week. The market remains mostly concerned about East Europe and Russia. These areas remain mostly hot and dry. Australia is another producing country where some rains are badly needed, but only some showers have been reported. Production estimates have been dropping. On the other hand, Canada and the northern Great Plains have been getting better rains, and increased area estimates seen from USDA and StatsCab imply that these crops can be big. The US Winter Wheat harvest is moving north in the Great Plains and Midwest. Yield reports in the Great Plains have been highly variable, but better than initial projections. Midwest yield reports have been good. Protein levels for Great Plains Wheat have been strong as is usual during warm and dry growing seasons. The domestic demand for HRW remains very strong.
Overnight News: The southern Great Plains should get a dry week. Temperatures should be above normal. Northern areas should see drier conditions, but some showers are expected off and on all week. Temperatures should be above normal. The Canadian Prairies should see showers today and late this week. Temperatures should average near to above normal.
Chart Analysis: Trends in Chicago are up with objectives of 538 and 568 September. Support is at 508, 497, and 493 September, with resistance at 521, 524, and 527 September. Trends in Kansas City are mixed to up with objectives of 520 and 523 September. Support is at 508, 503, and 494 September, with resistance at 521, 528, and 538 September. Trends in Minneapolis are mixed to u with objectives of 588 and 621 September. Support is at 550, 543, and 539 September, and resistance is at 562, 569, and 573 September.

RICE:
General Comments: Rice was higher again yesterday as the market keeps reacting to the tight supply situation and as bearish speculators buy themselves out of bad trades. The stocks reports last month showed that a very tight supply situation has developed and is developing for old crop Rice. The market overall shows the tight nearby supplies with farmers in the US mostly sold out. The crop has been running a little late this year and there are ideas that there will not be much new crop Rice available to deliver against the September contract. That means that bull spreads should continue to work for a while longer. Most of the US crop appears in good shape. Rice is growing in all areas right now and condition ratings in general are strong. The weather along the Gulf Coast has been hot and that has pushed crop development. Producers in Texas and Louisiana are pleased with the crop condition and expect good yields. Crops farther north into Arkansas and Missouri are also reported in good condition, but crop development is behind the normal pace due to late planting caused by bad Spring weather. Rice yield ideas are high at this time.
Chart Analysis: Trends are up with objectives of 1205 and 1266 September. Support is at 1177, 1164, and 1152 September, with resistance at 1211, 1214, and 1221 September.

DJ Thai Rice Prices Under Pressure on Subdued Demand — Market Talk
0257 GMT – Thai rice prices are under pressure on reports of subdued demand and persistent strength in Vietnam’s exports, which rose by 21% year on year in June, according to Capital Economics. It says the global market is likely to be well supplied this year but “lower Thai stocks will put a floor under prices.” The Thai government has completed a sell down of its stocks this year that has weighed on prices since the government ended rice purchases in 2014. Thai Jasmine Rice price fell 8.7% in the week ended July 4, compared with the prior week, according to the Thai Rice Exporters Association.(lucy.craymer@wsj.com)

CORN AND OATS
General Comments: Corn closed higher on some speculative buying. Crop conditions are mostly good here, but feed grains in Europe and Russia are being stressed due to the hot and dry weather there. USDA condition ratings have been very high and should remain high as the crop has been planted and is mostly emerged and growing well. There has been too much rain in some northern areas, and some southwestern Midwest areas have been too dry. There will be some hot and dry weather in the forecast for the next couple of weeks. Domestic demand remains strong, and demand for ethanol is expected to remain strong. USDA will increase new crop production estimates in its next round of supply and demand estimates based on higher than expected planted area combined with its calculated yield. However, trade ideas are that USDA will be underestimating yield and that a national yield near 180 bushels per acre is possible, implying that production estimates will be forced higher as the growing season progresses and if conditions stay good.
Overnight News:
Chart Analysis: Trends in Corn are mixed. Support is at 354, 350, and 347 September, and resistance is at 361, 365, and 369 September. Trends in Oats are mixed. Support is at 238, 233, and 230 September, and resistance is at 245, 247, and 251 September.

SOYBEANS AND PRODUCTS
General Comments: Soybeans and products were higher in the wake of the news that the Chinese tariffs had started and that China had retaliated, with Soybeans demand being one of the markets in the crosshairs of the Chinese retaliation It was a classic sell the rumor and buy the fact situation. Now, the market is back and is looking at other things such as growing conditions inside the US. The Soybeans crops have been very wet in the Midwest, and Soybeans prefer drier weather. Condition ratings remain high, but started to slip last week and could be a Little lower again this week. The main problem for Soybean demand remains the US-China trade war. There does not appear to be much movement on either side right now, and some reports suggest that China is preparing for a trade war by telling crusher and other users of Soybeans to expect to import less in the coming season. The issue of intellectual property rights seems to be a big problem to get resolved, and it might be difficult as the Chinese say they are abiding by all agreements in the area. USDA said that it will account for the potential changes to export demand starting with the July monthly supply and demand data. Export demand will be trimmed, but this demand loss could be partially offset by increased domestic crusher demand.
Overnight News: Unknown destinations bought 132,000 tons of US Soybeans.
Chart Analysis: Trends in Soybeans are mixed. Support is at 865, 851, and 848 August, and resistance is at 882, 885, and 896 August. Trends in Soybean Meal are mixed. Support is at 335.00, 332.00, and 329.00 August, and resistance is at 341.00, 350.00, and 353.00 August. Trends in Soybean Oil are mixed. Support is at 2870, 2840, and 2810 August, with resistance at 2930, 2950, and 2970 August.

CANOLA AND PALM OIL
General Comments: Canola was higher Friday along with Chicago Soybeans. New demand is anticipated with the Trump tariffs going into effect today. Reports of improved conditions in the Prairies help keep selling interest alive on rallies, but some western areas remain too dry. Palm Oil was a little higher on better price action Friday in Chicago. Overnight Chicago markets were weaker and this hurt the price action in Palm Oil. Ideas that Malaysian production will drop a bit this month support futures overall. June demand should be weak again when the private sources release data early next week. Production ideas are about steady from last month. The exports reported so far by the private surveyors are well below the pace of last month. The market thinks it has plenty of Palm Oil for any demand, but participants want to see the demand. Production is seasonally lowered to help ending stocks ideas.
Overnight News:
Chart Analysis: Trends in Canola are mixed. Support is at 506.00, 504.00, and 503.00 November, with resistance at 514.00, 516.00, and 517.00 November. Trends in Palm Oil are mixed . Support is at 2270, 2240, and 2210 September, with resistance at 2310, 2320, and 2350 September.

Trade Projections for the Monthly MPOB Supply and Demand Reports:
Observation period : Jun
Frequency : Monthly
Release date : Tuesday, 10 Jul
Forecast as follows:
Production – 1.36 mil tonnes, Down 11.1%
Exports – 1.19 mil tonnes, Down 7.8%
Ending Stocks – 2.15 mil tonnes, Down 1.2%
Prior reading as follows:
Production – 1.53 mil tonnes, Down 2.1%
Exports – 1.29 mil tonnes, Down 15.7%
Ending Stocks – 2.17 mil tonnes, Down 0.5%

DJ Canadian Grain Handling Summary – Jul 6
WINNIPEG–The following are Canadian grain handling summary statistics
for the week ended July 1, 2018. Figures in thousands of metric tons.
Source: Canadian Grain Commission.
Durum
Wheat Oats Barley Flax Canola Peas Corn Total*
COMMERCIAL STOCKS
This week 2216.4 627.6 159.6 290.6 80.3 1048.1 331.0 208.4 5568.5
Week ago 2080.8 536.3 160.9 268.4 64.1 1018.0 328.6 143.6 5150.8
Year ago 2896.9 736.2 151.4 287.5 75.7 827.3 127.2 140.1 5538.4
PRODUCER DELIVERIES
This Week 365.4 107.2 42.4 51.5 13.3 424.1 39.7 19.2 1118.1
Week Ago 428.8 132.2 44.0 42.5 18.3 354.7 58.7 11.2 1175.8
To Date 17076.9 3653.7 2014.1 2911.8 441.7 17841.1 2788.5 601.1 51237.8
Year Ago 17017.9 4792.2 1746.8 2559.6 365.3 18335.2 3867.2 388.1 53001.6
TERMINAL RECEIPTS – Note: Large revisions have been reported by licensed
elevators that affected Crop Year to Date totals this week.
This Week 246.1 93.3 0.0 15.3 12.5 141.5 23.4 51.3 654.4
Week Ago 325.4 36.3 0.0 18.7 3.4 189.7 14.7 57.2 695.5
To Date 16605.1 3995.1 231.0 1659.5 208.9 10003.7 1784.0 1296.2 41545.8
Year Ago 16223.4 5381.0 162.2 1194.4 247.4 11118.4 3156.7 944.6 44394.0
EXPORTS
This Week 345.4 10.0 36.1 46.3 2.5 216.8 1.7 41.7 742.5
Week Ago 371.6 36.7 24.1 10.0 9.0 192.4 23.6 129.8 887.7
To Date 15112.5 3543.2 1441.7 1795.0 278.4 9576.5 1870.0 1179.7 38926.9
Year Ago 13326.9 4075.8 1097.2 1221.1 279.1 10133.5 3329.1 775.3 38849.5
DOMESTIC DISAPPEARANCE – Note: Large revisions have been reported by
licensed elevators that affected Crop Year to Date totals this week.
This Week 79.9 0.1 4.6 18.8 0.4 179.7 3.5 43.6 375.7
Week Ago 76.2 31.3 5.5 25.3 0.3 155.3 1.9 26.2 349.0
To Date 4369.1 674.6 282.4 1142.8 51.7 8593.7 211.8 825.6 18515.1
Year Ago 2701.7 288.7 239.6 1200.2 48.6 8356.3 158.5 488.6 14758.6
*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: Hot and dry again early this week, some chances for showers later in the week..

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
July 38 September 151 July 55 September 55 August 25-Jul
August 44 September 55 September 57 August
September 52 September 55 September 41 September
All basis levels are positive unless noted as negative

Brazil Premiums Soybeans Soybean Meal Soybean Oil Corn
Paraguay Paraguay Paraguay Paraguay
July
August 230 September 11-Aug 87 September
September 15-Sep

DJ ICE Canada Cash Grain Close – Jul 6
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 504.90 up 0.80
Basis: Thunder Bay
1 Can 523.20 up 6.30
2 Can 510.20 up 6.30
Basis: Vancouver
1 Can 536.20 dn 3.70
2 Can 523.20 dn 3.70
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 – July 9
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
Jul 585.00 00.00 Unquoted – –
Aug 590.00 00.00 Unquoted – –
Sep 592.50 00.00 Unquoted – –
Oct/Nov/Dec 595.00 00.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Jul 587.50 00.00 Unquoted – –
Aug 592.50 00.00 Unquoted – –
Sep 595.00 00.00 Unquoted – –
Oct/Nov/Dec 597.50 00.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Jul 590.00 +02.50 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Jul 495.00 +05.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jul 2,290 -05.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jul 211 +04.00 Unquoted – –
($1=MYR 4.0315)

DJ China Dalian Grain Futures Closing Prices, Volume – Jul 09
Soybean No. 1
Turnover: 161,610 lots, or 5.91 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-18 – – – 3,645 3,645 3,645 0 0 98
Sep-18 3,613 3,662 3,608 3,633 3,649 3,638 -11 133,226 178,622
Nov-18 3,689 3,689 3,689 3,689 3,726 3,689 -37 2 6
Jan-19 3,721 3,758 3,714 3,734 3,745 3,738 -7 27,492 89,876
Mar-19 – – – 3,814 3,814 3,814 0 0 4
May-19 3,763 3,787 3,755 3,772 3,776 3,774 -2 870 6,698
Jul-19 – – – 3,814 3,814 3,814 0 0 8
Sep-19 3,852 3,865 3,842 3,846 3,842 3,850 8 20 200
Nov-19 – – – 3,824 3,824 3,824 0 0 14
Corn
Turnover: 478,272 lots, or 8.74 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-18 1,760 1,760 1,760 1,760 1,779 1,760 -19 520 13,122
Sep-18 1,781 1,787 1,779 1,782 1,777 1,783 6 203,542 515,484
Nov-18 1,822 1,822 1,815 1,816 1,811 1,819 8 48,090 35,262
Jan-19 1,846 1,860 1,846 1,852 1,844 1,854 10 186,790 571,180
Mar-19 1,880 1,891 1,880 1,890 1,877 1,888 11 544 3,478
May-19 1,917 1,931 1,917 1,925 1,914 1,925 11 38,786 112,950
Soymeal
Turnover: 2,744,818 lots, or 85.83 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-18 – – – 2,980 2,980 2,980 0 0 260
Aug-18 3,165 3,165 3,079 3,081 3,068 3,098 30 304 236
Sep-18 3,112 3,148 3,092 3,113 3,112 3,118 6 1,641,956 1,696,460
Nov-18 3,154 3,191 3,135 3,157 3,166 3,165 -1 117,800 144,876
Dec-18 3,147 3,182 3,147 3,148 3,165 3,165 0 28 362
Jan-19 3,168 3,204 3,144 3,166 3,169 3,175 6 866,340 1,899,592
Mar-19 3,016 3,038 2,998 3,021 3,020 3,020 0 1,682 5,538
May-19 2,838 2,869 2,824 2,846 2,835 2,849 14 116,708 477,990
Palm Oil
Turnover: 322,082 lots, or 15.60 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-18 – – – 5,106 5,106 5,106 0 0 0
Aug-18 – – – 4,978 4,978 4,978 0 0 20
Sep-18 4,804 4,842 4,782 4,784 4,816 4,808 -8 200,312 333,708
Oct-18 4,890 4,890 4,890 4,890 4,838 4,890 52 2 6
Nov-18 – – – 4,930 4,930 4,930 0 0 10
Dec-18 – – – 5,020 4,968 5,020 52 0 6
Jan-19 4,890 4,920 4,868 4,878 4,896 4,890 -6 112,434 248,100
Feb-19 – – – 4,946 4,946 4,946 0 0 2
Mar-19 – – – 4,980 4,980 4,980 0 0 0
Apr-19 – – – 5,074 5,074 5,074 0 0 18
May-19 5,002 5,042 4,992 5,018 5,014 5,020 6 9,326 25,124
Jun-19 5,088 5,134 5,088 5,132 5,078 5,112 34 8 16
Soybean Oil
Turnover: 386,342 lots, or 21.94 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-18 – – – 5,412 5,412 5,412 0 0 0
Aug-18 – – – 5,504 5,504 5,504 0 0 10
Sep-18 5,612 5,652 5,602 5,614 5,608 5,620 12 250,902 639,128
Nov-18 5,766 5,766 5,766 5,766 5,714 5,766 52 2 38
Dec-18 – – – 5,832 5,832 5,832 0 0 16
Jan-19 5,784 5,816 5,768 5,782 5,776 5,790 14 118,790 480,848
Mar-19 5,898 5,898 5,858 5,858 5,848 5,892 44 48 108
May-19 5,726 5,786 5,726 5,752 5,732 5,760 28 16,600 66,418
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