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. 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 Oct. USDA 2017
Corn Production 14,711 14,576-14,806 14,778 14,604
Corn Yield 180.0 178.2-181.4 180.7 176.6
Harvested Acres 81.8 81.5-81.8 81.8 82.7
Soybean Production 4,676 4,637-4,706 4,690 4,411
Soybean Yield 53.0 52.5-53.5 53.1 49.3
Harvested Acres 88.3 87.9-88.4 88.3 89.5
Corn Harvested Soybean Harvested
Production Yield Acres Production Yield Acres
Advanced Market 14,740 180.2 N/A 4,706 53.3 N/A
AgriSource 14,694 179.7 81.8 4,647 52.6 88.3
Agrivisor 14,677 179.5 81.8 4,665 52.8 88.3
Allendale 14,764 180.5 81.8 4,690 53.1 88.3
DC Analysis 14,693 179.7 81.8 4,698 53.2 88.3
Doane 14,718 180.0 81.8 4,670 53.0 88.2
EDF Man 14,724 180.0 81.8 4,680 53.0 88.3
Farm Futures 14,732 180.0 N/A 4,638 52.5 N/A
Futures International 14,718 180.0 81.7 4,664 52.8 88.3
Hueber Report 14,753 180.4 81.8 4,698 53.2 88.3
INTL FCStone 14,718 181.4 81.8 4,699 53.2 88.3
Sid Love Consulting 14,670 180.0 81.5 4,694 53.5 87.9
Northstar 14,576 178.2 81.8 4,662 52.8 88.3
Price Group 14,660 179.3 81.8 4,637 52.5 88.3
Prime Ag 14,806 181.0 81.8 4,690 53.1 88.3
RJO Brien 14,720 180.0 N/A 4,682 53.0 N/A
RMC 14,697 179.7 81.8 4,690 53.1 88.3
US Commodities 14,716 179.9 81.8 4,662 52.8 88.3
Vantage RM 14,750 180.4 81.8 4,690 53.1 88.4
Western Milling 14,618 178.7 81.8 4,680 53.0 88.3
Zaner 14,778 180.7 81.8 4,662 52.8 88.3

DJ U.S. November Grain, Soybean Stockpiles Estimates — Survey
CHICAGO–The following are analysts’ estimates in millions of bushels for U.S. ending stockpiles for 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)
2018-19
Average Range USDA Oct.
Corn 1,781 1,566-2,105 1,813
Soybeans 900 832-984 885
Wheat 966 925-1,025 956
2018-19
Corn Soybeans Wheat
Advanced Market 1,775 965 956
AgriSource 1,753 893 950
Agrivisor 1,714 860 956
Allendale 1,794 923 960
DC Analysis 1,773 933 944
Doane 1,725 900 995
EDF Man 1,784 875 981
Farm Futures 1,838 832 975
Futures Internationa 1,753 N/A 956
Hueber Report 1,789 890 950
INTL FCStone 2,105 984 1,013
Sid Love Consulting 1,705 889 956
Northstar 1,688 950 980
Price Group 1,695 833 956
Prime-Ag 1,841 885 956
RJO Brien 1,910 946 997
RMC 1,800 889 936
US Commodities 1,746 879 925
Vantage RM 1,835 910 956
Western Milling 1,566 858 1,025
Zaner Ag Hedge 1,813 897 966

DJ November 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 Oct.
Corn 198.3 198.0-199.5 198.2
Soybeans 96.9 96.7-98.0 96.7
Wheat 275.0 274.5-276.0 274.9
2018-19
Average Range USDA Oct.
Corn 158.6 156.9-160.2 159.4
Soybeans 110.8 107.3-113.5 110.0
Wheat 259.3 257.4-261.5 260.2
2017-18 2018-19
Corn Soybeans Wheat Corn Soybeans Wheat
Advanced Market N/A N/A N/A 158.3 111.9 260.8
Agrivisor 198.0 96.7 274.9 157.0 109.5 257.5
Allendale 198.2 96.7 274.9 158.9 111.7 260.0
Doane 198.5 97.0 276.0 158.0 110.0 258.0
EDF Man 198.2 96.7 274.9 159.0 110.0 260.0
Farm Futures N/A N/A N/A 160.0 111.1 261.5
Futures International N/A N/A N/A 157.5 113.5 261.2
Hueber Report 198.2 96.7 274.9 159.0 110.0 257.5
INTL FCStone 198.2 96.7 274.9 156.9 107.3 257.4
Northstar 199.5 98.0 274.9 158.0 112.0 260.2
Prime-Ag N/A N/A N/A 160.0 111.0 260.0
RMC 198.2 96.7 274.9 158.8 109.8 258.5
US Commodities 198.1 96.7 274.5 160.2 111.0 259.0
Western Milling 198.2 96.7 274.9 158.0 112.0 259.0
Zaner Ag Hedge N/A N/A N/A 160.1 111.6 258.7

DJ U.S. Export Sales: Weekly Sales Totals – Nov 8
For the week ended Nov 1, 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 wheat and barley began Jun 1, cotton and
and rice Aug 1, corn, soybeans and sorghum Sep 1, and soy meal and
soy oil Oct 1. Source: USDA
wk’s net chg total
in commitments undlvd sales
this yr next yr this yr last yr this yr next yr
wheat 661.2 0.0 13764.9 16291.2 5165.5 6.0
hrw 185.3 0.0 3953.4 6268.2 1460.8 0.0
srw 118.8 0.0 1682.6 1536.2 646.2 6.0
hrs 217.1 0.0 4417.1 4552.2 1825.9 0.0
white 115.1 0.0 3322.7 3675.5 1086.6 0.0
durum 25.0 0.0 389.2 259.1 146.0 0.0
corn 701.5 0.0 22533.6 19393.2 11932.6 104.1
soybeans 388.4 3.0 21839.1 31478.3 13216.1 156.1
soymeal 255.1 0.9 4827.6 4188.6 3898.9 96.3
soyoil 22.4 0.0 247.2 183.8 175.0 0.2
upland cotton 91.0 15.5 9238.5 8505.8 7100.9 1850.3
pima cotton 6.2 0.0 338.9 403.2 266.3 27.6
sorghum -2.7 0.0 221.9 2080.1 134.0 0.0
barley -0.1 0.0 55.7 37.6 36.7 0.0
rice 145.3 0.0 1163.5 1144.0 544.5 0.0

Alerts History
• 08-Nov-2018 05:00:00 AM – BRAZIL 2018/19 TOTAL GRAIN CROP SEEN AT BTW 233.682 MLN T AND 238.285 MLN T VS 227.970 MLN TNS IN PRIOR SEASON- CONAB
• 08-Nov-2018 05:00:00 AM – BRAZIL 2018/19 SOYBEAN CROP SEEN AT BTW 116.770 MLN T AND 119.266 MLN T VS 119.281 T MLN IN 2017/18 – CONAB
• 08-Nov-2018 05:00:00 AM – BRAZIL FIRST-CORN CROP SEEN AT BTW 26.283 MLN T AND 27.215 MLN T VS 26.810 MLN T IN 2017/18 – CONAB
• 08-Nov-2018 05:00:00 AM – BRAZIL TOTAL CORN CROP SEEN AT BTW 90.018 MLN T AND 90.950 MLN T VS 80.786 MLN T IN 2017/18 – CONAB
• 08-Nov-2018 05:00:00 AM – BRAZIL 2018/19 SOYBEAN YIELDS SEEN AT 3,302 KG/HA VS 3,394 KG/HA IN 2017/18 – CONAB
• 08-Nov-2018 05:00:00 AM – BRAZIL 2018/19 TOTAL CORN YIELDS SEEN AT 5,407 KG/HA VS 4.857 KG/HA IN 2017/18 – CONAB
• 08-Nov-2018 05:00:00 AM – BRAZIL 2018/19 CORN EXPORTS AT 31 MLN T VS 23 MLN T IN 2017/18 – CONAB
• 08-Nov-2018 05:00:00 AM – BRAZIL 2018/19 SOYBEAN EXPORTS SEEN AT 76 MLN T VS 76 MLN T FORECAST FOR 2017/18 – CONAB
• 08-Nov-2018 05:00:00 AM – BRAZIL 2018/19 TOTAL GRAIN CROP SEEN AT BTW 233.682 MLN T AND 238.285 MLN T VS 227.970 MLN TNS IN PRIOR SEASON- CONAB
• 08-Nov-2018 05:00:00 AM – BRAZIL 2018/19 SOYBEAN CROP SEEN AT BTW 116.770 MLN T AND 119.266 MLN T VS 119.281 T MLN IN 2017/18 – CONAB
• 08-Nov-2018 05:00:00 AM – BRAZIL FIRST-CORN CROP SEEN AT BTW 26.283 MLN T AND 27.215 MLN T VS 26.810 MLN T IN 2017/18 – CONAB
• 08-Nov-2018 05:00:00 AM – BRAZIL TOTAL CORN CROP SEEN AT BTW 90.018 MLN T AND 90.950 MLN T VS 80.786 MLN T IN 2017/18 – CONAB
• 08-Nov-2018 05:00:00 AM – BRAZIL 2018/19 SOYBEAN YIELDS SEEN AT 3,302 KG/HA VS 3,394 KG/HA IN 2017/18 – CONAB
• 08-Nov-2018 05:00:00 AM – BRAZIL 2018/19 TOTAL CORN YIELDS SEEN AT 5,407 KG/HA VS 4.857 KG/HA IN 2017/18 – CONAB
• 08-Nov-2018 05:00:00 AM – BRAZIL 2018/19 CORN EXPORTS AT 31 MLN T VS 23 MLN T IN 2017/18 – CONAB
• 08-Nov-2018 05:00:00 AM – BRAZIL 2018/19 SOYBEAN EXPORTS SEEN AT 76 MLN T VS 76 MLN T FORECAST FOR 2017/18 – CONAB

WHEAT
General Comments Wheat was lower on some position squaring before the USDA reports today. USDA should make no real changes to the supply side in the US, but could cut demand slightly for a small increase in ending stocks estimates. Winter Wheat planting remains a little slow, and cold weather is coming. The cold might affect emergence if it persists. World crop reports continue to indicate less production and tightening supplies. Firm prices extend from Russia to Australia on reduced world production, although Russia showed the potential for strong exports this year in government data released yesterday. It remains very dry in Australia, although some eastern areas have seen some rain and conditions are called generally good in the west. It is reported to be wet and cold in Siberia for the Spring Wheat harvest there, and planting conditions are reported to be dry near the Black Sea. The Spring Wheat harvest in Siberia has been delayed. The problem is that these production problems have not translated into new demand for US Wheat. Traders think it is just a matter of time before most world buyers turn to the US as the other major exporters would be out of Wheat for export. This is especially true for Russia, who has been exporting as much Wheat as possible for the last few months. Reports indicate that the government is increasingly concerned about tight internal supplies and higher prices and is thought to be ready to regulate exports in the near future. It has already made life more difficult for its exporters by making quality inspections more difficult to pass. US Wheat quality this year is good.
Overnight News: The southern Great Plains should get mostly dry weather,. Temperatures should be below normal this week and above normal this weekend. Northern areas should see mostly dry weather. Temperatures should be below normal. The Canadian Prairies should see mostly dry conditions. Temperatures should average mostly below normal.
Chart Analysis: Trends in Chicago are mixed. Support is at 502, 497, and 495 December, with resistance at 514, 519, and 521 December. Trends in Kansas City are mixed. Support is at 495, 485, and 480 December, with resistance at 511, 516, and 520 December. Trends in Minneapolis are mixed. Support is at 578, 571, and 569 December, and resistance is at 590, 596, and 602 December.

RICE
General Comments: Rice was lower in range trading. Trading volumes were limited as producers are basically done with harvest and are doing other things. One thing they are not doing much of is selling Rice to mills or other merchants The chart patterns show that futures trends are sideways for now. USDA will issue new production reports later today, and production should hold at relatively strong levels. Good to excellent yields were reported in Texas and Louisiana, and good to very good yield reports are being made in Mississippi and Arkansas. USDA should continue to show very strong production in its estimates later today, although production could be a little less than estimated last month due to harvest delays caused by too much rain and some yield losses resulting from the delays.
Overnight News: The Delta should see mostly dry weather, but precipitation is possible today and tomorrow. Temperatures should be below normal. . .
Chart Analysis: Trends are mixed. Support is at 1062, 1045, and 1040 January, with resistance at 1090, 1095, and 1108 January.

CORN AND OATS
General Comments: Corn was a little lower on some position squaring before the USDA reports today. The harvest continues and farmers are wrapping up the Soybeans harvest in many areas of the Midwest and going after the Corn harvest. Conditions remain more variable with some rain and dry weather mixed together and cool temperatures. Snow is possible in Chicago and other parts of the Midwest into the weekend. USDA will issue new production and supply and demand estimates later today, and most expect yields and production to be slightly lower. We think the estimates could be lower than the average guess. It could be that USDA has overestimated production, but there appears to be a big crop either way. We expect USDA to cut yields by a couple of bushels per acre and to cut production due to variable yields reported in the Midwest and mostly in the western Midwest. The production losses might not be big enough to materially change price outlooks, but could be enough to help keep a floor under futures prices into the Winter. The weekly price charts suggest that prices can continue to move higher, but the fundamentals suggest that any upside moves should be limited, especially if prices try to move above $4.00 to $4.25 per bushel.
Overnight News:
Chart Analysis: Trends in Corn are mixed to up with objectives of 378, 388, and 390 December. Support is at 368, 365, and 363 December, and resistance is at 374, 378, and 382 December. Trends in Oats are mixed. Support is at 285, 282, and 279 December, and resistance is at 290, 295, and 296 December.

SOYBEANS AND PRODUCTS
General Comments: Soybeans and Soybean Meal were lower, but Soybean Oil was higher. There was little reaction to the weaker US Dollar as ideas are that demand in the export market remains very low. USDA will issue new production and supply and demand estimates later today. USDA reported very good harvest progress last week as farmers try to get the Soybeans out of the fields before snow hits the Midwest. More snow is expected more generally in the Midwest by the end of the week or over the weekend. Futures are still supported by some variable yield estimates from producers. The reports indicated less production than expected, but it is still expected to be a huge crop, and the US might have trouble getting it moved to the point where ending stocks are small enough to make a difference in prices. Current ending stocks estimates are still more than ample. Futures appear to have made seasonal lows, but trade ideas are that upside potential is no more than $9.00 per bushel right now.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed to up with no objectives. Support is at 865, 862, and 854 January, and resistance is at 893, 900, and 905 January. Trends in Soybean Meal are mixed. Support is at 307.00, 304.00, and 302.00 December, and resistance is at 313.00, 316.00, and 319.00 December. Trends in Soybean Oil are mixed. Support is at 2780, 2760, and 2750 December, with resistance at 2850, 2870, and 2910 December.

CANOLA AND PALM OIL
General Comments: Canola was higher yesterday in correction trading as the harvest in the Prairies is now about over. The weekly charts show that futures remain in a trading range, but price action on the daily charts is weak and prices could move lower through the rest of the week Less farm selling was reported, and commercials were scale down buyers. Palm Oil was sharply lower as ending stocks for the month are expected to show a dramatic increase. The daily charts show that futures are in a down trend, but the down trend has stalled so far this week. Ideas continue that production was starting to increase again.
Overnight News:
Chart Analysis: Trends in Canola are down with objectives of 477.00 and 469.00 January. Support is at 480.00, 478.00, and 477.00 January, with resistance at 485.00, 489.00, and 492.00 January. Trends in Palm Oil are down with objectives of 2110 and 2070 January. Support is at 2110, 2080, and 2050 January, with resistance at 2150, 2170, and 2190 January.

DJ Indonesia Palm-Oil Supplies Edged Up in September — Market Talk
0911 GMT – Indonesia palm-oil supplies rose slightly in September as exports softened and production rose, according the Indonesian Palm Oil Association. Known as Gapki, the group said exports fell 3.3% from August to 3.2 million metric tons and stockpiles rose 0.2% to 4.6 million. Bursa Malaysia palm-oil futures have fallen this afternoon, currently trading down 0.7% at MYR2,107/metric ton. (lucy.craymer@wsj.com)

Trade Estimates for the Monthly MPOB Report in Tons:
Observation period : Oct
Frequency : Monthly
Release date : Monday, 12 Nov
Forecast as follows:
Production – 1.96 mil tonnes, Up 5.7%
Exports – 1.41 mil tonnes, Down 13.0%
Ending Stocks – 2.90 mil tonnes, Up 14.1%
Prior reading as follows:
Production – 1.85 mil tonnes, Up 14.4%
Exports – 1.62 mil tonnes, Up 47.2%
Ending Stocks – 2.54 mil tonnes, Up 1.2%

Midwest Weather Forecast: Some showers are possible early and late this week. Temperatures should be mostly below normal.

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
November 43 December 165 December 17 January 8 December
December 47 December 75 December 22 January
January 45 March 60 March 24 January
All basis levels are positive unless noted as negative

Brazil Premiums Soybeans Soybean Meal Soybean Oil Corn
Paraguay Paraguay Paraguay Santos
November 220 November
December 220 January 0 December 57 December
January 0 January

DJ ICE Canada Cash Grain Close – Nov 7
WINNIPEG–The following are the closing cash canola prices
from ICE Futures.
Source: ICE Futures
Price Change
CANOLA
*Par Region 453.70 dn 0.70
Basis: Thunder Bay
1 Can 493.00 up 1.30
2 Can 480.00 up 1.30
Basis: Vancouver
1 Can 513.00 up 3.30
2 Can 500.00 up 3.30
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 – Nov 8
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
Nov 512.50 -05.00 Unquoted – –
Dec 512.50 -05.00 Unquoted – –
Jan/Feb/Mar 545.00 -02.50 Unquoted – –
Apr/May/Jun 575.00 -02.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Nov 515.00 -05.00 Unquoted – –
Dec 515.00 -05.00 Unquoted – –
Jan/Feb/Mar 547.50 -02.50 Unquoted – –
Apr/May/Jun 577.50 -02.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Nov 487.50 -02.50 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Nov 395.00 -10.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Nov 1,970.00 -10.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Nov 175.00 -05.00 Unquoted – –
($1=MYR4.1620)

DJ China Dalian Grain Futures Closing Prices, Volume – Nov 08
Soybean No. 1
Turnover: 150,778 lots, or 5.26 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-18 3,430 3,430 3,430 3,430 3,381 3,430 49 28 28
Jan-19 3,490 3,502 3,433 3,466 3,485 3,467 -18 133,022 234,592
Mar-19 3,519 3,519 3,500 3,502 3,535 3,509 -26 38 56
May-19 3,695 3,704 3,647 3,672 3,685 3,673 -12 16,952 51,892
Jul-19 – – – 3,648 3,648 3,648 0 0 6
Sep-19 3,747 3,751 3,702 3,730 3,736 3,726 -10 676 6,464
Nov-19 3,706 3,716 3,706 3,716 3,746 3,711 -35 4 12
Jan-20 3,760 3,760 3,707 3,732 3,740 3,733 -7 58 334
Corn
Turnover: 440,880 lots, or 8.63 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-18 1,856 1,856 1,856 1,856 1,851 1,856 5 902 12,780
Jan-19 1,892 1,899 1,890 1,895 1,898 1,893 -5 202,586 692,804
Mar-19 1,919 1,923 1,914 1,919 1,922 1,918 -4 2,092 9,882
May-19 1,997 2,001 1,988 1,998 1,997 1,996 -1 182,738 684,138
Jul-19 2,028 2,033 2,020 2,028 2,028 2,027 -1 3,726 23,054
Sep-19 2,062 2,074 2,058 2,069 2,067 2,067 0 48,836 181,144
Soymeal
Turnover: 2,288,556 lots, or 70.67 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-18 – – – 3,195 3,195 3,195 0 0 0
Dec-18 3,325 3,346 3,283 3,310 3,309 3,317 8 218 220
Jan-19 3,195 3,207 3,104 3,152 3,177 3,158 -19 1,701,282 1,292,392
Mar-19 3,088 3,109 3,007 3,051 3,080 3,074 -6 193,642 103,996
May-19 2,818 2,821 2,752 2,785 2,814 2,784 -30 326,762 1,014,308
Jul-19 2,808 2,810 2,748 2,786 2,800 2,778 -22 2,752 7,242
Aug-19 2,811 2,826 2,781 2,785 2,799 2,804 5 40 232
Sep-19 2,830 2,830 2,780 2,809 2,821 2,802 -19 63,860 265,030
Palm Oil
Turnover: 362,976 lots, or 16.47 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-18 – – – 4,890 4,890 4,890 0 0 0
Dec-18 – – – 4,768 4,768 4,768 0 0 8
Jan-19 4,512 4,528 4,438 4,470 4,512 4,486 -26 295,022 411,878
Feb-19 4,550 4,552 4,550 4,552 4,580 4,550 -30 4 8
Mar-19 – – – 4,634 4,664 4,634 -30 0 8
Apr-19 – – – 4,746 4,776 4,746 -30 0 18
May-19 4,782 4,798 4,714 4,742 4,776 4,756 -20 67,474 148,890
Jun-19 – – – 5,012 5,012 5,012 0 0 52
Jul-19 – – – 4,920 4,940 4,920 -20 0 26
Aug-19 – – – 4,972 4,972 4,972 0 0 4
Sep-19 4,884 4,912 4,836 4,852 4,894 4,868 -26 476 11,236
Oct-19 – – – 4,908 4,934 4,908 -26 0 0
Soybean Oil
Turnover: 359,874 lots, or 19.90 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-18 – – – 5,446 5,446 5,446 0 0 0
Dec-18 – – – 5,614 5,614 5,614 0 0 18
Jan-19 5,528 5,538 5,460 5,472 5,518 5,496 -22 238,982 631,358
Mar-19 5,654 5,710 5,626 5,626 5,644 5,658 14 12 120
May-19 5,630 5,640 5,548 5,578 5,622 5,594 -28 116,572 400,582
Jul-19 – – – 5,730 5,758 5,730 -28 0 22
Aug-19 – – – 5,802 5,830 5,802 -28 0 2
Sep-19 5,732 5,740 5,658 5,672 5,726 5,684 -42 4,308 30,354
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