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 7
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN OIL August Aug. 08, 2018 732 Aug 06, 2018
SOYBEAN August Aug. 08, 2018 799 Aug 06, 2018

DJ USDA Grain Inspections for Export in Metric Tons – Aug 6
COUNTRY OF DESTINATION IS REPORTED AS KNOWN AT THE TIME OF EXPORTATION.
INFORMATION CONTAINED IN THIS REPORT REFLECTS EXPORTED GRAIN INSPECTED AND
WEIGHED THROUGH THE AUTHORITY UNDER THE U.S. GRAIN STANDARDS ACT.
NO ADDITIONAL ANALYSIS, COMPILATIONS OR DATA IS AVAILABLE.
GRAINS INSPECTED AND/OR WEIGHED FOR EXPORT
REPORTED IN WEEK ENDING AUG 02, 2018
— METRIC TONS —
————————————————————————-
CURRENT PREVIOUS
———– WEEK ENDING ———- MARKET YEAR MARKET YEAR
GRAIN 08/02/2018 07/26/2018 08/03/2017 TO DATE TO DATE
BARLEY 293 343 2,468 1,516 10,032
CORN 1,287,772 1,661,593 979,006 52,774,557 53,802,221
FLAXSEED 0 0 0 48 3,281
MIXED 0 0 0 24 24
OATS 0 0 0 1,098 1,397
RYE 0 0 0 0 0
SORGHUM 47,603 48,462 105,951 4,894,838 5,633,848
SOYBEANS 893,109 768,769 686,770 53,370,375 55,138,402
SUNFLOWER 0 0 0 335 383
WHEAT 325,486 379,149 636,942 3,357,704 5,663,775
Total 2,554,263 2,858,316 2,411,137 114,400,495 120,253,363
————————————————————————-
CROP MARKETING YEARS BEGIN JUNE 1 FOR WHEAT, RYE, OATS, BARLEY AND
FLAXSEED; SEPTEMBER 1 FOR CORN, SORGHUM, SOYBEANS AND SUNFLOWER SEEDS.
INCLUDES WATERWAY SHIPMENTS TO CANADA.

Crop Progress
Date 5-Aug 29-Jul 2017 Avg
Cotton Squaring 92 88 92 94
Cotton Setting Bolls 60 49 56 62
Cotton Bolls Opening 9 8 6
Corn Silking 96 91 92 92
Corn Dough 57 38 39 37
Corn Dented 12 6 6
Soybeans Blooming 92 86 89 86
Soybeans Setting Pods 75 60 63 58
Sorghum Headed 69 54 60 62
Sorghum Coloring 31 26 26 31
Peanuts Pegging 90 86 90 91
Sunflowers Planted 95 91 100 95
Rice Headed 82 64 81 70
Rice Harvested 6 8 5
Oats Harvested 51 38 48 49
Winter Wheat Harvested 90 85 93 92
Spring Wheat Harvested 13 4 22 14
Barley Harvested 16 2 22 18

Crop Condition
Very Poor Fair Good Very Good
Cotton This Week 11 21 28 32 8
Cotton Last Week 11 19 27 34 9
Cotton Last Year 6 8 29 41 16

Corn This Week 3 7 19 50 21
Corn Last Week 3 6 199 50 22
Corn Last Year 4 9 27 47 13

Soybeans This Week 3 7 23 51 16
Soybeans Last Week 2 6 22 53 17
Soybeans Last Year 3 9 28 50 10

Spring Wheat This Week 1 5 20 60 14
Spring Wheat Last Week 1 3 18 64 14
Spring Wheat Last Year 22 21 25 25 7

Sorghum This Week 6 12 33 42 7
Sorghum Last Week 4 11 33 44 8
Sorghum Last Year 2 7 30 52 9

Rice This Week 1 7 23 56 13
Rice Last Week 1 7 23 55 14
Rice Last Year 1 5 22 55 17

Peanuts This Week 1 3 25 58 13
Peanuts Last Week 0 2 23 61 14
Peanuts Last Year 0 3 18 58 21

Oats This Week 4 3 22 58 13
Oats Last Week 4 3 22 58 13
Oats Last Year 10 13 26 42 9

Barley This Week 0 2 19 64 15
Barley Last Week 1 2 17 66 14
Barley Last Year 8 12 36 37 8

Pastures and Ranges This Week 12 18 30 34 6
Pastures and Ranges Last Week 11 18 30 35 6
Pastures and Ranges Last Year 9 15 32 38 6

DJ 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 Friday.
2018-19 U.S. Wheat Production (million bushels)
Average Range USDA July USDA 2017-18
All Wheat 1,850 1,700-1,900 1,881 1,741
Winter Wheat 1,181 1,050-1,201 1,193 1,269
Hard Red Winter 656 635-665 657 750
Soft Red Winter 303 290-322 303 292
White Winter 228 202-240 232 227
Other Spring 600 570-633 614 416
Durum 74 69-78 75 55
All Winter Other
Wheat Hard-Red Soft-Red White Spring Durum
Advanced Market 1867 1200 662 308 230 595 72
Allendale 1853 1193 658 322 202 591 69
AgriVisor 1854 1183 655 300 228 598 73
DC Analysis 1836 1194 660 304 230 570 72
Doane 1861 1193 657 303 232 594 74
EDF Man 1852 1185 660 300 225 595 72
Farm Futures 1869 1159 635 313 210 633 78
Hueber Report 1885 1196 658 303 235 614 75
INTL FCStone 1859 1186 648 306 232 599 74
MaxYield 1750 N/A N/A N/A N/A N/A N/A
Northstar 1850 1193 657 290 230 590 75
Sid Love Consulting 1900 1193 657 303 232 631 77
Price Group 1862 1201 660 302 240 585 76
Prime Ag 1881 N/A N/A N/A N/A N/A N/A
RJ O’Brien 1866 1195 661 301 233 599 73
RMC 1700 1050 N/A N/A N/A N/A N/A
US Commodities 1882 N/A N/A N/A N/A N/A N/A
Vantage RM 1881 1193 657 303 232 614 75
Western Milling 1834 1180 650 300 230 584 70
Zaner Ag Hedge 1863 1190 665 295 231 600 73

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 Friday.
U.S. 2018 Production (million bushels, bushels per acre)
Average Range USDA July USDA 2017
Corn Production 14,417 14,210-14,740 14,230 14,604
Soybean Production 4,428 4,354-4,576 4,310 4,392
Corn Yield 176.3 173.8-180.2 174.0 176.6
Soybean Yield 49.8 49.0-51.5 48.5 49.1
Corn Soybean
Production Yield Production Yield
Advanced Market 14,475 177.1 4,487 50.5
AgriSource 14,351 175.5 4,443 50.0
Agrivisor 14,323 175.1 4,423 49.8
Allendale 14,441 176.6 4,452 50.1
DC Analysis 14,390 176.0 4,425 49.8
Doane 14,473 177.0 4,445 50.0
EDF Man 14,230 174.0 4,354 49.0
Farm Futures 14,362 175.4 4,422 49.8
Hueber Report 14,380 175.8 4,363 49.1
INTL FCStone 14,563 178.1 4,576 51.5
Sid Love Consultin 14,397 176.0 4,400 49.5
MaxYield 14,400 176.0 4,360 49.0
Northstar 14,683 179.5 4,445 50.0
Price Group 14,210 173.8 4,400 49.5
Prime Ag 14,397 176.0 4,401 49.5
RJ O’Brien 14,390 176.0 4,480 50.4
RMC 14,396 176.0 4,356 49.0
US Commodities 14,397 176.0 4,401 49.5
Vantage RM 14,355 175.5 4,418 49.7
Western Milling 14,397 176.0 4,445 50.0
Zaner 14,740 180.2 4,489 50.5

DJ U.S. August 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 Friday at noon ET.
U.S. Stockpiles (millions)
2017-18
Average Range USDA July
Corn 2,016 1,900-2,137 2,027
Soybeans 461 437-507 465
Wheat 1,099 1,080-1,100 1,100
2018-19
Average Range USDA July
Corn 1,630 1,457-1,812 1,552
Soybeans 641 550-742 580
Wheat 959 813-1,018 985
2017-18 2018-19
Corn Soybeans Wheat Corn Soybeans Wheat
Advanced Market 2,027 465 N/A 1,647 742 956
AgriSource 2,000 465 1,100 1,598 713 959
Agrivisor 2,052 455 1,100 1,670 680 962
Allendale 2,047 463 1,100 1,743 655 991
DC Analysis 2,002 440 N/A 1,487 621 813
Doane 1,950 445 1,100 1,650 570 945
EDF Man 2,027 465 N/A 1,552 600 950
Farm Futures 2,137 477 N/A 1,701 668 1,018
Hueber Report 2,025 470 1100 1,650 600 980
INTL FCStone 1,989 437 N/A 1,754 657 983
Sid Love Consulting 2,027 465 1,100 1,644 550 1,008
MaxYield 1,900 465 1,100 1,500 625 955
Northstar 2,027 455 1,100 1,780 680 895
Price Group 2,027 440 1,100 1,457 625 965
Prime-Ag 2,027 465 1,100 1,644 671 935
RJ O’Brien 1,987 446 N/A 1,552 651 969
RMC 2,027 465 1,080 1,560 570 985
US Commodities 2002 469 1100 1,669 637 970
Vantage RM 2,027 465 1,100 1,673 643 942
Western Milling 2,023 507 1,100 1,480 642 966
Zaner Ag Hedge 2,002 450 N/A 1,812 671 985

DJ August 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 Friday at noon ET.
World Stockpiles (million metric tons)
2017-18
Average Range USDA July
Corn 190.8 188.0-192.6 191.7
Soybeans 95.8 92.0-97.0 96.0
Wheat 273.0 271.0-275.0 273.5
2018-19
Average Range USDA July
Corn 152.2 146.0-158.2 152.0
Soybeans 99.3 94.0-101.7 98.3
Wheat 255.6 248.0-259.9 260.9
2017-18 2018-19
Corn Soybeans Wheat Corn Soybeans Wheat
Advanced Market 189.5 97.0 N/A 149.2 101.0 248.0
Agrivisor 191.2 95.0 273.5 152.5 99.5 259.9
Allendale 192.6 96.1 272.9 158.2 99.4 258.5
Doane 188.0 97.0 275.0 146.0 101.0 249.0
EDF Man 192.0 96.0 N/A 152.0 99.0 255.0
Farm Futures 191.0 92.0 274.0 148.0 94.0 257.0
Hueber Report 190.5 96.5 272.5 152.0 99.0 258.0
INTL FCStone 190.4 95.2 N/A 153.7 100.2 258.8
MaxYield 192.0 96.0 271.5 154.0 96.5 256.5
Northstar 189.0 96.0 273.5 158.0 101.2 253.0
Prime-Ag 192.0 96.0 273.0 153.0 100.0 256.0
RMC 191.5 95.8 271.0 152.0 98.3 259.5
US Commodities 190.5 96.0 273.5 150.9 99.8 252.5
Western Milling 191.0 97.0 273.0 150.0 99.0 255.0
Zaner Ag Hedge 190.2 95.1 N/A 153.4 101.7 256.9

WHEAT
General Comments Wheat markets were higher again yesterday as world crops are still in trouble. Wheat markets 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, but some showers are expected tomorrow. 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 568, 554, and 552 September, with resistance at 578, 583, and 593 September. Trends in Kansas City are up with no objectives. Support is at 564, 553, and 538 September, with resistance at 587, 593, and 597 September. Trends in Minneapolis are up with no objectives. Support is at 619, 612, and 600 September, and resistance is at 635, 639, and 644 September.

RICE:
General Comments: Rice was lower again on reports of increasing harvest activity. Reports that the harvest is underway in parts of Texas and southern Louisiana are bearish. The harvests in these states are now at least a third complete and yields are reported to be good to very good. 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 showers from Wednesday to Friday, then more dry weather. Temperatures should be near to above normal. .
Chart Analysis: Trends are down with objectives of 1103 September. Support is at 1121, 1118, and 1109 September, with resistance at 1142, 1153, and 1171 September.

CORN AND OATS
General Comments: Corn was higher again yesterday on ideas that feed grains production in Europe is getting hurt by the hot and dry weather there. Demand for US Corn is expected to hold very strong in both the export and domestic markets. 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 at just one point lower in the good to excellent side on Monday night and once again showed that the crop is moving quickly to maturity. 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 previously.
Overnight News: Unknown destinations bought 179,000 tons of optional origin Corn.
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 up with no objectives. Support is at 257, 250, and 245 September, and resistance is at 263, 267, and 269 September.

SOYBEANS AND PRODUCTS
General Comments: Soybeans were lower as ideas of weaker Chinese demand returned. The Chinese press noted that the country could cut demand from all sources by at lest 10 million tons as it deals with the fallout of the Trump sanctions and its own weakening economy. 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, but so far Trump and the US appear to be looking for total capitulation from the Chinese, and the Chinese are indicating that total capitulation will never happen. Soybeans would be a primary beneficiary of reduced tariffs, and prices could sink more if no resolution to the tariff wars is found. USDA will issue its first field based survey for production and the estimate is expected to be high. 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: unknown destinations bought 145,000 tons of US Soybeans.
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 327.00, 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.

CANOLA AND PALM OIL
General Comments: Canola was a little lower along with Chicago. The charts show that futures are testing into a support area. 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 higher again 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:
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%

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 235 September 8-Sep
October 10-Oct 95 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 7
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Tuesday 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 565.00 +02.50 Unquoted – –
Sep 567.50 +02.50 Unquoted – –
Oct/Nov/Dec 585.00 +02.50 Unquoted – –
Jan/Feb/Mar 605.00 +05.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Aug 567.50 +02.50 Unquoted – –
Sep 570.00 +02.50 Unquoted – –
Oct/Nov/Dec 587.50 +02.50 Unquoted – –
Jan/Feb/Mar 607.50 +05.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Aug 565.00 00.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Aug 490.00 00.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Aug 2,220 +10.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Aug 218 +01.00 Unquoted – –
($1=MYR 4.0740)

DJ China Dalian Grain Futures Closing Prices, Volume – Aug 07
Soybean No. 1
Turnover: 154,392 lots, or 5.60 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-18 3,528 3,546 3,520 3,539 3,509 3,535 26 25,680 89,862
Nov-18 3,609 3,610 3,609 3,610 3,588 3,609 21 6 26
Jan-19 3,626 3,661 3,625 3,654 3,616 3,645 29 126,274 204,906
Mar-19 – – – 3,670 3,657 3,670 13 0 22
May-19 3,709 3,739 3,707 3,728 3,703 3,726 23 2,234 10,710
Jul-19 – – – 3,706 3,706 3,706 0 0 8
Sep-19 3,744 3,771 3,744 3,766 3,733 3,765 32 190 606
Nov-19 – – – 3,779 3,747 3,779 32 0 16
Jan-20 3,790 3,849 3,790 3,818 3,789 3,812 23 8 26
Corn
Turnover: 446,154 lots, or 8.33 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-18 1,793 1,798 1,790 1,792 1,788 1,793 5 52,494 253,558
Nov-18 1,836 1,842 1,830 1,832 1,830 1,835 5 10,816 20,976
Jan-19 1,873 1,876 1,864 1,869 1,864 1,870 6 349,090 741,000
Mar-19 1,910 1,911 1,902 1,908 1,898 1,907 9 332 3,638
May-19 1,949 1,954 1,945 1,947 1,945 1,948 3 33,094 194,566
Jul-19 1,963 1,963 1,952 1,955 1,954 1,955 1 328 3,210
Soymeal
Turnover: 1,584,938 lots, or 50.53 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 3,167 3,204 3,160 3,197 3,156 3,183 27 267,378 749,606
Nov-18 3,212 3,257 3,210 3,248 3,206 3,238 32 162,328 191,194
Dec-18 3,190 3,233 3,190 3,233 3,170 3,219 49 32 506
Jan-19 3,202 3,232 3,187 3,224 3,182 3,211 29 1,034,680 1,964,822
Mar-19 3,070 3,097 3,067 3,097 3,058 3,084 26 326 4,928
May-19 2,911 2,941 2,906 2,932 2,897 2,923 26 119,584 579,786
Jul-19 2,903 2,920 2,898 2,918 2,888 2,909 21 610 2,500
Palm Oil
Turnover: 283,492 lots, or 13.83 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 4,748 4,758 4,726 4,752 4,738 4,742 4 40,576 133,582
Oct-18 – – – 4,794 4,794 4,794 0 0 6
Nov-18 – – – 5,000 5,000 5,000 0 0 20
Dec-18 – – – 4,904 4,904 4,904 0 0 6
Jan-19 4,894 4,920 4,878 4,912 4,896 4,898 2 238,408 441,490
Feb-19 – – – 4,942 4,942 4,942 0 0 4
Mar-19 4,980 4,980 4,882 4,882 4,952 4,930 -22 4 8
Apr-19 – – – 5,014 5,014 5,014 0 0 28
May-19 5,030 5,062 5,024 5,054 5,036 5,040 4 4,468 45,598
Jun-19 5,108 5,124 5,108 5,124 4,904 5,120 216 36 64
Jul-19 – – – 5,056 5,056 5,056 0 0 2
Soybean Oil
Turnover: 471,106 lots, or 27.41 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 5,688 5,700 5,646 5,686 5,650 5,670 20 103,090 312,400
Nov-18 5,840 5,840 5,756 5,776 5,748 5,790 42 6 46
Dec-18 – – – 5,884 5,842 5,884 42 0 16
Jan-19 5,842 5,894 5,832 5,878 5,840 5,860 20 337,878 738,008
Mar-19 – – – 5,904 5,904 5,904 0 0 108
May-19 5,836 5,868 5,822 5,856 5,830 5,842 12 30,132 144,266
Jul-19 – – – 5,822 5,822 5,822 0 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