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 – Aug 6
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN OIL August Aug. 07, 2018 956 Aug 03, 2018
ETHANOL August Aug. 07, 2018 132 Aug 02, 2018
SOYBEAN August Aug. 07, 2018 760 Aug 03, 2018

WHEAT
General Comments Wheat markets were higher again in early trading on Friday as world crops are still in trouble, but fell on news of weaker European prices and ended the day mixed. Wheat markets were higher for the week and might be able to work higher in coming weeks due to the shortage of Wheat production in many exporter countries. Significantly lower production is expected in Europe and Russia, and world prices have been moving higher in response. The market moved higher in response to reports of less than expected yield potential for Spring Wheat crops in the US that was found by the recent North Dakota Wheat Tour. USDA will release new production and supply and demand estimates on Friday, and trading this week might be choppy as the market prepares for those important reports. The potential for losses to Wheat in northern Europe continues to be reported, and some analysts now say that EU production would be the lowest in about six years. The harvest continues in southern areas and yields have been disappointing. A downgrade in production for European Wheat is likely in coming months, and comes on the back of earlier downgrades.
Overnight News: The southern Great Plains mostly dry conditions again. Temperatures should be above normal. Northern areas should see mostly dry weather. Temperatures should be above normal. The Canadian Prairies should see mostly dry weather. Temperatures should average above normal.
Chart Analysis: Trends in Chicago are mixed to up with objectives of 595 September. Support is at 551, 542, and 537 September, with resistance at 566, 571, and 574 September. Trends in Kansas City are up with no objectives. Support is at 553, 538, and 533 September, with resistance at 575, 577, and 580 September. Trends in Minneapolis are up with no objectives. Support is at 595, 581, and 573 September, and resistance is at 620, 626, and 635 September.

COT — Supplemental Report – Option and Futures Combined Positions as of July 31, 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 650,116
: Positions :
: 84,468 84,431 205,024 111,832 228,976 210,808 77,066 612,131 595,497: 37,984 54,619
: Changes from: July 24, 2018 (Change in open interest: 50,414) :
: 18,468 -10,388 22,051 -7,240 23,377 11,041 8,461 44,321 43,501: 6,092 6,913
: Percent of Open Interest Represented by Each Category of Trader :
: 13.0 13.0 31.5 17.2 35.2 32.4 11.9 94.2 91.6: 5.8 8.4
: Total Traders: 433 Number of Traders in Each Category :
: 116 134 153 85 112 46 24 339 341:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of July 31, 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 312,538
: Positions :
: 66,959 40,563 67,445 79,559 162,578 76,353 18,506 290,315 289,093: 22,223 23,445
: Changes from: July 24, 2018 (Change in open interest: 9,855) :
: 4,663 -9,003 4,713 -574 17,735 268 -2,047 9,070 11,398: 784 -1,543
: Percent of Open Interest Represented by Each Category of Trader :
: 21.4 13.0 21.6 25.5 52.0 24.4 5.9 92.9 92.5: 7.1 7.5
: Total Traders: 285 Number of Traders in Each Category :
: 73 61 77 77 97 32 14 220 220:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of July 31, 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 23,529 :
: Positions :
: 15,304 21,000 810 440 274 5,370 0 0 300 100 1,100 :
: Changes from: July 24, 2018 :
: 1,758 -770 560 260 -82 -3,100 0 -400 0 0 300 :
: Percent of Open Interest Represented by Each Category of Trader :
: 65.0 89.3 3.4 1.9 1.2 22.8 0.0 0.0 1.3 0.4 4.7 :
: Number of Traders in Each Category Total Traders: 24 :
: 11 12 . . . . 0 0 . . . :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of July 31, 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 66,837 :
: Positions :
: 32,508 27,272 2,184 108 1,760 6,109 12,402 1,903 6,634 6,256 3,970 :
: Changes from: July 24, 2018 :
: -2,825 3,442 -670 -33 352 2,557 -4,015 103 978 1,321 -321 :
: Percent of Open Interest Represented by Each Category of Trader :
: 48.6 40.8 3.3 0.2 2.6 9.1 18.6 2.8 9.9 9.4 5.9 :
: Number of Traders in Each Category Total Traders: 91 :
: 43 33 . . 4 12 9 4 10 6 10 :
—————————————————————————————————————-

RICE:
General Comments: Rice was sharply lower Friday on weaker than expected export sales and on reports of increasing harvest activity. Sales were very bad for the current year and not much better for the next marketing year that starts at the beginning of next month. Reports that the harvest is underway in parts of Texas and southern Louisiana are bearish. The market has been strong, but has now entered new down trends for at least the short-term. The harvest is much more active this week in Texas and southern Louisiana and will soon spread north. Good crop condition ratings and increased planted area this year have the traders looking for a good production. USDA said last month demand should also improve in the coming year and ending stocks could remain tight. The crop progress is being pushed by the hot weather in many areas. That could mean less yield, but for now the crops in general look good.
Overnight News: The Delta should see more dry weather. Temperatures should be above normal.
Chart Analysis: Trends are down with objectives of 1103 September. Support is at 1142, 1125, and 1118 September, with resistance at 1171, 1174, and 1177 September.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of July 31, 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 9,010 :
: Positions :
: 4,202 6,074 171 0 0 1,729 961 0 625 327 442 :
: Changes from: July 24, 2018 :
: -21 178 -4 0 0 347 117 0 -129 -12 -136 :
: Percent of Open Interest Represented by Each Category of Trader :
: 46.6 67.4 1.9 0.0 0.0 19.2 10.7 0.0 6.9 3.6 4.9 :
: Number of Traders in Each Category Total Traders: 54 :
: 14 19 . 0 0 11 . 0 11 4 10 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn was higher again on Friday on ideas that feed grains production in Europe is getting hurt by the hot and dry weather there. The trade is starting to look ahead to the next production and supply and demand reports that will be released on Friday. The reports are expected to show strong yield potential, with many estimates calling for a new record yield of 178 bushels per acre or more. Price Group thinks the crop is very strong, but forecasts yields at 173.8 bushels per acre. That would leave overall production at or just below the current USDA estimates. USDA kept the crop ratings about unchanged on Monday night and once again showed that the crop is moving quickly to maturity. Stable to slightly lower conditions are possible again in the next round of reports that will be released later today. Demand for US Corn is said to be strong. Ethanol demand remains very strong. The US will remain dominant in the Corn market due to problems with feed grains production in Europe and Russia now and in South America before.
Overnight News:
Chart Analysis: Trends in Corn are mixed to up with objectives of 377 September. Support is at 364, 360, and 358 September, and resistance is at 374, 376, and 379 September. Trends in Oats are mixed to up with no objectives. Support is at 245, 240, and 238 September, and resistance is at 251, 253, and 259 September.

COT — Supplemental Report – Option and Futures Combined Positions as of July 31, 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 2,369,980
: Positions :
: 333,284 396,917 626,215 711,759 915,171 467,549 194,530 2,138,806 2,132,833: 231,174 237,147
: Changes from: July 24, 2018 (Change in open interest: -100,659) :
: 40,661 -40,287 -48,740 -58,652 27,490 -31,989 -36,947 -98,719 -98,484: -1,939 -2,175
: Percent of Open Interest Represented by Each Category of Trader :
: 14.1 16.7 26.4 30.0 38.6 19.7 8.2 90.2 90.0: 9.8 10.0
: Total Traders: 947 Number of Traders in Each Category :
: 226 157 260 401 421 46 28 793 770:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of July 31, 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 5,349 :
: Positions :
: 1,393 2,150 223 0 0 0 961 0 1,203 170 190 :
: :
: Changes from: July 24, 2018 :
: -72 -161 2 0 0 0 10 0 -27 1 -20 :
: :
: Percent of Open Interest Represented by Each Category of Trader :
: 26.0 40.2 4.2 0.0 0.0 0.0 18.0 0.0 22.5 3.2 3.5 :
: :
: Number of Traders in Each Category Total Traders: 27 :
: 7 8 . 0 0 0 6 0 7 . . :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans were a little higher as some short covering entered the pit. Futures had been lower overnight on follow through selling tied to news that the Trump administration is ready to increase tariffs on all $250 million Chinese imports to about 25%. The weekly export sales report was considered a disappointment in terms of volume and that added to selling pressure. The US and Chinese governments are still looking for ways to get talks started to reduce the tariff wars and get exports flowing between the two countries again. Soybeans would be a primary beneficiary of reduced tariffs, and prices could sink more if no resolution to the tariff wars is found. There is no deal on the table, just conversations on where to take any formal negotiations. The threat of increased tariffs by the US would probably make finding a deal that much more difficult. Illinois Soybeans look great and a very big crop is possible. Growth has been good, and crops look uniform and with good color. There was some variability in the Eastern part of the state due to excessive rains at planting time. Good weather through August should produce a very big crop in most of the fields we saw. US growing conditions have been variable, with hot and dry conditions in the east and southwest and too much rain in the north, so national yield potential could be somewhat variable. August weather will be important, and longer range forecasts call for warmer and drier weather for the month.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed to up with objectives of 959 and 1032 September. Support is at 873, 868, and 863 September, and resistance is at 893, 909, and 912 September. Trends in Soybean Meal are mixed. Support is at 328.00, 324.00, and 318.00 September, and resistance is at 330.00, 337.00, and 341.00 September. Trends in Soybean Oil are mixed. Support is at 2800, 2780, and 2760 September, with resistance at 2860, 2900, and 2920 September.

COT — Supplemental Report – Option and Futures Combined Positions as of July 31, 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 1,000,785
: Positions :
: 94,740 186,640 271,774 323,349 353,362 230,326 93,547 920,189 905,323: 80,596 95,462
: Changes from: July 24, 2018 (Change in open interest: -89,243) :
: 2,682 872 -29,872 -46,128 -35,733 -14,799 -20,444 -88,117 -85,178: -1,126 -4,065
: Percent of Open Interest Represented by Each Category of Trader :
: 9.5 18.6 27.2 32.3 35.3 23.0 9.3 91.9 90.5: 8.1 9.5
: Total Traders: 713 Number of Traders in Each Category :
: 181 179 234 204 238 44 29 553 578:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of July 31, 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 542,097
: Positions :
: 69,969 153,566 125,520 179,518 201,724 127,530 28,309 502,537 509,119: 39,560 32,977
: Changes from: July 24, 2018 (Change in open interest: -23,485) :
: 1,395 -3,047 -13,983 -4,979 -5,722 -3,931 1,511 -21,497 -21,241: -1,988 -2,244
: Percent of Open Interest Represented by Each Category of Trader :
: 12.9 28.3 23.2 33.1 37.2 23.5 5.2 92.7 93.9: 7.3 6.1
: Total Traders: 367 Number of Traders in Each Category :
: 67 129 113 84 81 36 18 266 288:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of July 31, 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 569,042
: Positions :
: 87,573 33,339 151,975 154,340 313,459 122,078 33,809 515,966 532,581: 53,076 36,461
: Changes from: July 24, 2018 (Change in open interest: -15,417) :
: 5,790 1,154 -8,669 -8,354 -3,202 -4,802 -2,645 -16,035 -13,363: 618 -2,054
: Percent of Open Interest Represented by Each Category of Trader :
: 15.4 5.9 26.7 27.1 55.1 21.5 5.9 90.7 93.6: 9.3 6.4
: Total Traders: 327 Number of Traders in Each Category :
: 97 44 107 104 100 35 13 286 242:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Canola was a little lower. Only November closed slightly higher after a choppy session. Speculators were the best sellers despite crop production uncertainty. The crops in general look good, but August is coming and the conditions could change quickly.. Concerns about drought in parts of the western Prairies give support. Charts show up trends.. Palm Oil was a little higher on currency considerations and price strength in other vegetable oils. Competing vegetable oils were also firm. The market is back talking about increased production and disappointing demand and will look to sell the rally. The exports reported so far by the private surveyors for the month are mixed.
Overnight News: SGS said that July Malaysian Palm Oil exports were 1.049 million tons, from 1.058 million in June.
Chart Analysis: Trends in Canola are mixed to up with objectives of 518.00 and 540.00 November. Support is at 490.00, 485.00, and 484.00 November, with resistance at 500.00, 503.00, and 505.00 November. Trends in Palm Oil are mixed. Support is at 2170, 2130, and 2100 October, with resistance at 2230, 2250, and 2270 October.

Trade Estimates for the monthly MPOB Supply and Demand Reports:
Observation period : Jul
Frequency : Monthly
Release date : Friday, 10 Aug
Forecast as follows:
Production – 1.54 mil tonnes, Up 15.9%
Exports – 1.14 mil tonnes, Up 0.9%
Ending Stocks – 2.34 mil tonnes, Up 7.0%
Prior reading as follows:
Production – 1.33 mil tonnes, Down 12.6%
Exports – 1.13 mil tonnes, Down 12.6%
Ending Stocks – 2.19 mil tonnes, Up 0.8%

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of July 31, 2018
: Reportable Positions :
:————————————————————————————————————- :
: Producer/Merchant : : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables :
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading :
—————————————————————————————————————-
CANOLA OIL – ICE FUTURES U.S. (20 Metric Tonnes) :
CFTC Code #135731 Open Interest is 192,560 :
: Positions :
: 129,849 100,895 1,880 2,221 2,124 33,856 43,526 4,288 3,627 30,094 6,397 :
: Changes from: July 24, 2018 :
: . . . . . . . . . . . :
: Percent of Open Interest Represented by Each Category of Trader :
: 67.4 52.4 1.0 1.2 1.1 17.6 22.6 2.2 1.9 15.6 3.3 :
: Number of Traders in Each Category Total Traders: 227 :
: 25 23 . 7 . 9 41 11 38 97 16 :
—————————————————————————————————————-

DJ Canadian Grain Handling Summary – Aug 3
WINNIPEG–The following are Canadian grain handling summary statistics
for the week ended July 31, 2018. Figures in thousands of metric tons.
Source: Canadian Grain Commission.
Durum
Wheat Oats Barley Flax Canola Peas Corn Total*
COMMERCIAL STOCKS
This week 2364.2 635.2 164.1 221.3 72.5 835.0 267.2 129.5 5217.3
Week ago 2270.2 689.8 179.7 223.3 92.8 920.3 239.9 161.0 5261.7
Year ago 2973.4 784.5 124.4 290.6 67.0 736.3 130.6 113.3 5511.5
PRODUCER DELIVERIES
This Week 557.3 143.0 43.0 46.0 12.7 342.6 32.5 19.1 1274.8
Week Ago 376.7 123.5 46.1 37.5 10.7 263.0 23.6 14.4 944.7
To Date 18664.7 4139.5 2178.8 3066.0 490.8 18992.0 2927.0 668.0 55245.1
Year Ago 18601.4 5165.6 1840.5 2810.0 389.3 19666.9 3946.9 421.2 56886.8
TERMINAL RECEIPTS
This Week 527.1 93.2 24.9 24.8 12.8 191.6 3.4 35.6 997.5
Week Ago 442.0 189.9 2.7 13.2 7.2 151.0 47.9 28.8 912.4
To Date 18298.6 4492.9 273.3 1759.9 240.9 10710.6 1944.8 1409.2 45106.6
Year Ago 18093.4 5847.8 171.6 1347.6 260.9 11883.1 3169.3 1017.1 47850.1
EXPORTS
This Week 375.0 136.3 48.4 12.7 27.0 179.3 1.9 77.4 865.6
Week Ago 174.2 92.9 12.7 56.5 1.8 151.8 161.4 73.6 739.7
To Date 16232.6 3986.5 1523.8 1897.5 316.2 10237.2 2069.3 1394.4 41927.2
Year Ago 14670.4 4290.2 1168.4 1354.5 298.4 10878.2 3345.3 901.1 41570.2
DOMESTIC DISAPPEARANCE
This Week 191.4 23.6 5.1 36.9 1.6 249.2 3.4 37.2 594.5
Week Ago 63.2 1.1 5.5 28.3 0.4 160.3 3.1 25.2 314.2
To Date 4480.4 482.6 310.1 1271.2 57.5 9461.7 225.1 939.5 19514.5
Year Ago 2960.5 333.6 261.9 1295.3 53.4 9108.5 173.6 529.0 16099.5
*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)

DJ Indonesia’s Palm Oil Production Seen Rising 5% — Market Talk
0244 GMT – The USDA sees Indonesia’s palm-oil production rising 5% in the season starting in October to 40.5 million metric tons on “trend yield growth” and the growing area. That as the agency predicts industrial consumption coming it at 4.2 million this season and rising 7.1% next season. Meanwhile, Bursa Malaysia’s benchmark palm-oil contract is up 0.3% in early trading at MYR 2,218/ton. (lucy.craymer@wsj.com)

Midwest Weather Forecast: Mostly dry conditions through the weekend with near to below normal temperatures. Some rains are possible early next week.

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
August 54 September 120 September 58 September 26-Nov 26-Sep
September 57 September 65 September 26-Nov
October 50 December 65 December 28-Nov
All basis levels are positive unless noted as negative

Brazil Premiums Soybeans Soybean Meal Soybean Oil Corn
Paraguay Paraguay Paraguay Paraguay
August 220 August
September 230 September 8-Sep
October 11-Oct 94 December

DJ ICE Canada Cash Grain Close – Aug 2
WINNIPEG–The following are the closing cash canola prices from
ICE Futures.
Source: ICE Futures
Price Change
CANOLA
*Par Region 470.80 dn 25.00
Basis: Thunder Bay
1 Can 506.00 up 0.20
2 Can 493.00 up 0.20
Basis: Vancouver
1 Can 526.00 up 0.20
2 Can 513.00 up 0.20
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 – Aug 6
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Monday applied 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
Aug 562.50 +05.00 Unquoted – –
Sep 565.00 +05.00 Unquoted – –
Oct/Nov/Dec 582.50 +05.00 Unquoted – –
Jan/Feb/Mar 600.00 +05.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Aug 565.00 +05.00 Unquoted – –
Sep 567.50 +05.00 Unquoted – –
Oct/Nov/Dec 585.00 +05.00 Unquoted – –
Jan/Feb/Mar 602.50 +05.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Aug 565.00 +05.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Aug 490.00 +02.50 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Aug 2,210 +20.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Aug 217 +01.00 Unquoted – –
($1=MYR 4.0780)

DJ China Dalian Grain Futures Closing Prices, Volume – Aug 06
Soybean No. 1
Turnover: 206,256 lots, or 7.41 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-18 3,491 3,530 3,473 3,523 3,498 3,509 11 44,002 93,178
Nov-18 3,565 3,618 3,565 3,599 3,578 3,588 10 34 22
Jan-19 3,580 3,641 3,566 3,630 3,601 3,616 15 159,566 203,378
Mar-19 – – – 3,657 3,657 3,657 0 0 22
May-19 3,681 3,721 3,662 3,711 3,693 3,703 10 2,610 10,460
Jul-19 3,706 3,706 3,706 3,706 3,690 3,706 16 2 8
Sep-19 3,710 3,749 3,710 3,746 3,729 3,733 4 26 456
Nov-19 – – – 3,747 3,747 3,747 0 0 16
Jan-20 3,781 3,800 3,781 3,800 3,803 3,789 -14 16 24
Corn
Turnover: 811,638 lots, or 15.10 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-18 1,778 1,795 1,778 1,793 1,780 1,788 8 129,792 261,720
Nov-18 1,816 1,836 1,812 1,836 1,816 1,830 14 12,288 21,234
Jan-19 1,848 1,874 1,846 1,872 1,849 1,864 15 591,340 729,656
Mar-19 1,884 1,910 1,884 1,910 1,886 1,898 12 1,456 3,608
May-19 1,930 1,954 1,929 1,951 1,929 1,945 16 74,364 195,402
Jul-19 1,932 1,959 1,932 1,958 1,942 1,954 12 2,398 3,294
Soymeal
Turnover: 1,502,984 lots, or 47.41 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Aug-18 – – – 3,183 3,183 3,183 0 0 0
Sep-18 3,144 3,174 3,130 3,172 3,155 3,156 1 250,156 784,236
Nov-18 3,190 3,224 3,177 3,221 3,207 3,206 -1 96,014 174,790
Dec-18 3,182 3,202 3,140 3,199 3,187 3,170 -17 556 500
Jan-19 3,165 3,205 3,153 3,203 3,184 3,182 -2 1,022,506 1,930,268
Mar-19 3,047 3,076 3,035 3,076 3,065 3,058 -7 516 5,012
May-19 2,886 2,920 2,876 2,918 2,910 2,897 -13 132,426 579,118
Jul-19 2,882 2,905 2,870 2,904 2,903 2,888 -15 810 2,538
Palm Oil
Turnover: 293,804 lots, or 14.31 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Aug-18 – – – 4,772 4,772 4,772 0 0 0
Sep-18 4,722 4,758 4,694 4,748 4,722 4,738 16 54,742 142,842
Oct-18 – – – 4,794 4,794 4,794 0 0 6
Nov-18 5,000 5,000 5,000 5,000 4,950 5,000 50 2 20
Dec-18 – – – 4,904 4,856 4,904 48 0 6
Jan-19 4,876 4,918 4,856 4,894 4,884 4,896 12 233,342 434,620
Feb-19 – – – 4,942 4,942 4,942 0 0 4
Mar-19 4,952 4,952 4,952 4,952 4,860 4,952 92 6 6
Apr-19 – – – 5,014 4,922 5,014 92 0 28
May-19 5,020 5,062 4,998 5,028 5,014 5,036 22 5,712 45,010
Jun-19 – – – 4,904 4,884 4,904 20 0 38
Jul-19 – – – 5,056 5,056 5,056 0 0 2
Soybean Oil
Turnover: 520,014 lots, or 30.17 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Aug-18 – – – 5,714 5,714 5,714 0 0 0
Sep-18 5,622 5,686 5,606 5,666 5,622 5,650 28 103,654 341,292
Nov-18 – – – 5,748 5,748 5,748 0 0 48
Dec-18 – – – 5,842 5,814 5,842 28 0 16
Jan-19 5,810 5,876 5,792 5,844 5,804 5,840 36 387,592 715,164
Mar-19 – – – 5,904 5,904 5,904 0 0 108
May-19 5,796 5,866 5,782 5,834 5,788 5,830 42 28,768 131,664
Jul-19 – – – 5,822 5,782 5,822 40 0 38
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