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 – Dec 3
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL December Dec. 04, 2018 82 Nov 20, 2018
SOYBEAN OIL December Dec. 04, 2018 1183 Nov 30, 2018
CORN December Dec. 04, 2018 2 Apr 30, 2018
ETHANOL December Dec. 04, 2018 362 Nov 30, 2018
KC HRW WHEAT December Dec. 04, 2018 400 Nov 23, 2018
OATS December Dec. 04, 2018 16 Nov 29, 2018

WHEAT
General Comments Wheat was higher on Friday and higher for the week in both Chicago Winter Wheat markets, while Minneapolis Spring Wheat closed higher. Ideas are that demand for US Wheat is about to improve, and the weekly charts show that more buying is possible in the next few weeks. Meanwhile, planting of the Winter Wheat crops in the US has been delayed due to bad weather. Too much rain and too much cold weather has made getting the crop in and established in a timely fashion very difficult. 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. 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 due to snow storms.
Overnight News: The southern Great Plains should get mostly dry weather or light precipitation. Temperatures should be variable. Northern areas should see mostly dry weather or light precipitation, with precipitation likely late this week. Temperatures should be variable. The Canadian Prairies should see mostly dry conditions or light precipitation. Temperatures should be above normal.
Chart Analysis: Trends in Chicago are mixed. Support is at 510, 504, and 500 March, with resistance at 522, 529, and 533 March. Trends in Kansas City are mixed. Support is at 491, 485, and 483 March, with resistance at 508, 511, and 512 March. Trends in Minneapolis are mixed. Support is at 568, 561, and 559 March, and resistance is at 576, 578, and 586 March.

COT — Supplemental Report – Option and Futures Combined Positions as of November 27, 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 528,844
: Positions :
: 61,706 131,735 143,753 109,233 151,862 173,358 51,880 488,051 479,231: 40,793 49,613
: Changes from: November 20, 2018 (Change in open interest: -74,858) :
: -5,922 4,189 -44,094 -8,093 -20,540 -14,453 -14,633 -72,562 -75,078: -2,296 220
: Percent of Open Interest Represented by Each Category of Trader :
: 11.7 24.9 27.2 20.7 28.7 32.8 9.8 92.3 90.6: 7.7 9.4
: Total Traders: 420 Number of Traders in Each Category :
: 113 114 141 102 115 43 25 333 330:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of November 27, 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 314,082
: Positions :
: 71,529 87,617 60,885 86,525 125,031 66,424 15,456 285,363 288,990: 28,718 25,092
: Changes from: November 20, 2018 (Change in open interest: -26,487) :
: 6,031 8,317 -13,386 -11,434 -13,356 -5,489 -5,284 -24,278 -23,709: -2,209 -2,778
: Percent of Open Interest Represented by Each Category of Trader :
: 22.8 27.9 19.4 27.5 39.8 21.1 4.9 90.9 92.0: 9.1 8.0
: Total Traders: 286 Number of Traders in Each Category :
: 72 57 74 94 95 33 12 226 215:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 27, 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 73,680 :
: Positions :
: 42,544 36,915 1,949 0 0 9,467 15,911 462 5,237 6,367 2,849 :
: Changes from: November 20, 2018 :
: -5,058 -4,628 -871 0 -432 1,063 906 276 -242 -1,249 -1,597 :
: Percent of Open Interest Represented by Each Category of Trader :
: 57.7 50.1 2.6 0.0 0.0 12.8 21.6 0.6 7.1 8.6 3.9 :
: Number of Traders in Each Category Total Traders: 92 :
: 44 36 5 0 0 12 8 . 8 6 8 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 27, 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 21,948 :
: Positions :
: 12,116 17,760 500 737 373 7,102 30 424 0 895 340 :
: Changes from: November 20, 2018 :
: -440 974 0 -4 4 855 -50 50 0 -140 140 :
: Percent of Open Interest Represented by Each Category of Trader :
: 55.2 80.9 2.3 3.4 1.7 32.4 0.1 1.9 0.0 4.1 1.5 :
: Number of Traders in Each Category Total Traders: 29 :
: 13 13 . . . 4 . . 0 4 . :
—————————————————————————————————————-

RICE
General Comments: Rice was a little lower Friday after another slow session. Futures were a Little higher for the week. The weekly export sales report was poor, but reflected the nature of the US market at this time. The futures market remains stuck in a trading range for now, but there will not be much selling interest unless prices rally, implying that mills and exporters will need to buy futures or pay up in the cash market if and when they need supplies. Producers do not seem interested in further sales at this time. It is the holiday period, and this time is always a slow time for US Rice futures. Most producers would rather take part in holiday activities or go hunting rather than sell Rice, and the mills appear covered for now. The export demand is holding relatively strong. However, the exporters appear to be covered for now. It might take until after the first of the year to see much movement in Rice futures and cash markets. This is normal for the US Rice market.
Overnight News: The Delta should see mostly dry weather, but precipitation is possible on Friday and Saturday. Temperatures should be below normal. . .
Chart Analysis: Trends are mixed. Support is at 1081, 1068, and 1062 January, with resistance at 1094, 1099, and 1116 January.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 27, 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 8,432 :
: Positions :
: 5,516 4,792 219 0 0 230 1,996 14 588 21 535 :
: Changes from: November 20, 2018 :
: -276 -194 -2 0 0 -54 2 0 24 5 -72 :
: Percent of Open Interest Represented by Each Category of Trader :
: 65.4 56.8 2.6 0.0 0.0 2.7 23.7 0.2 7.0 0.3 6.3 :
: Number of Traders in Each Category Total Traders: 48 :
: 13 17 . 0 0 . 7 . 10 . 10 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn was higher on Friday and for the week and trends are mixed on both the daily and weekly charts. Export demand as noted in the USDA weekly sales reports was above expectations and represented a strong week. The market has been worried about ethanol demand, but crude oil and products prices might be washing out and could start to show a recovery. Crude Oil futures have been in a free fall since the beginning of October. The weather in the Midwest was not very good for harvesting over the weekend. The temperatures finally moderated from some extreme cold levels for this time of year, but precipitation was noted, including some snow for Iowa and Nebraska that extended into parts of Minnesota, Wisconsin, and Michigan. Big rains were noted to the south of the snow. Cold, but quiet conditions are expected for much of this week. Planting progress in southern Brazil is reported to be ahead of the normal pace. Argentine planting progress is in line with its average pace. The Brazil Corn will most likely stay in the country as the short crops last year led to shortages and imports. Brazil could still be forced to import more Corn from Argentina in the near term as well. Brazil is not expected to be a player in Corn in the world market until the Winter crop becomes available in the middle of next year.
Overnight News:
Chart Analysis: Trends in Corn are mixed. Support is at 372, 370, and 367 March, and resistance is at 379, 383, and 386 March. Trends in Oats are mixed . Support is at 289, 287, and 285 March, and resistance is at 299, 306, and 317 March.

COT — Supplemental Report – Option and Futures Combined Positions as of November 27, 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 1,918,320
: Positions :
: 192,938 270,599 440,256 640,691 855,324 422,446 128,516 1,696,331 1,694,695: 221,989 223,625
: Changes from: November 20, 2018 (Change in open interest: -219,699) :
: -8,650 10,190 -133,857 -52,404 -66,898 -23,226 -16,739 -218,137 -207,305: -1,562 -12,394
: Percent of Open Interest Represented by Each Category of Trader :
: 10.1 14.1 23.0 33.4 44.6 22.0 6.7 88.4 88.3: 11.6 11.7
: Total Traders: 830 Number of Traders in Each Category :
: 156 139 205 367 376 48 24 684 661:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 27, 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 6,160 :
: Positions :
: 899 4,095 168 0 0 1,463 289 0 1,287 571 90 :
: Changes from: November 20, 2018 :
: -151 -402 -1 0 0 -273 -38 0 -143 4 -366 :
: Percent of Open Interest Represented by Each Category of Trader :
: 14.6 66.5 2.7 0.0 0.0 23.7 4.7 0.0 20.9 9.3 1.5 :
: Number of Traders in Each Category Total Traders: 33 :
: 5 10 . 0 0 9 . 0 7 . 4 :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans and products were a little higher last week, and could rally sharply this week. The market has been held hostage by the tariff wars between the US and China. A truce between the two sides was made in Buenos Aires over the weekend. The US has agreed to keep the tariffs as they are in return for some Chinese buying in US ag markets and continued talks about opening up the Chinese markets and the rest of the disputed areas. China has refused to buy US Soybeans due to the trade disputes, and the US farmer has suffered, but now the market will look for business in the very short-term. The US had a huge crop this year as producers anticipated stronger prices and strong Chinese demand. Brazil has been planting and plans on bigger crops. Argentina is also planting, but most of the trade attention is on Brazil. Producers in southern areas are ahead of the normal pace for planting progress, and there are ideas that the country could start to ship new crop Soybeans to China by the middle of January, a full month or more ahead of normal. Meanwhile, ending stocks projections for the US are very high and give little reason to expect a major rally anytime soon. Wet weather over the weekend in the Midwest and Great Plains kept any harvesting to a minimum. The weather this week should feature cold temperatures and drier conditions.
Overnight News: Unknown destinations bought 147,500 tons of US Soybeans.
Chart Analysis: Trends in Soybeans are mixed. Support is at 880, 871, and 864 January, and resistance is at 897, 901, and 906 January. Trends in Soybean Meal are mixed. Support is at 307.00, 303.00, and 300.00 January, and resistance is at 312.00, 315.00, and 318.00 January. Trends in Soybean Oil are mixed. Support is at 2770, 2760, and 2740 January, with resistance at 2830, 2840, and 2880 January.

COT — Supplemental Report – Option and Futures Combined Positions as of November 27, 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 863,843
: Positions :
: 62,646 174,015 213,781 332,440 327,773 190,001 50,559 798,867 766,128: 64,975 97,715
: Changes from: November 20, 2018 (Change in open interest: 5,265) :
: 5,032 1,797 -5,289 9,306 7,760 -3,162 1,535 5,888 5,804: -623 -539
: Percent of Open Interest Represented by Each Category of Trader :
: 7.3 20.1 24.7 38.5 37.9 22.0 5.9 92.5 88.7: 7.5 11.3
: Total Traders: 620 Number of Traders in Each Category :
: 110 172 201 200 217 47 28 498 508:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of November 27, 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 565,612
: Positions :
: 59,396 133,555 145,854 199,420 224,481 119,889 28,596 524,559 532,486: 41,053 33,126
: Changes from: November 20, 2018 (Change in open interest: -45,549) :
: -1,936 559 -32,270 -4,748 -7,596 -7,257 -6,589 -46,211 -45,897: 662 348
: Percent of Open Interest Represented by Each Category of Trader :
: 10.5 23.6 25.8 35.3 39.7 21.2 5.1 92.7 94.1: 7.3 5.9
: Total Traders: 344 Number of Traders in Each Category :
: 65 102 103 88 70 37 22 261 259:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of November 27, 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 511,839
: Positions :
: 47,307 60,002 107,324 180,448 260,847 116,521 42,479 451,600 470,652: 60,239 41,188
: Changes from: November 20, 2018 (Change in open interest: -42,965) :
: -5,138 4,610 -23,896 -12,402 -26,092 -1,200 668 -42,635 -44,709: -329 1,745
: Percent of Open Interest Represented by Each Category of Trader :
: 9.2 11.7 21.0 35.3 51.0 22.8 8.3 88.2 92.0: 11.8 8.0
: Total Traders: 302 Number of Traders in Each Category :
: 53 68 93 108 95 34 18 259 236:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Canola was mixed on Chicago and good weather in South America that are producing ideas of huge crops there. Ideas that there could be some progress son the US-China trade disputes this weekend helped support buying interest. Commercials have plenty on hand for crushing or exporting. Price action on the daily charts is weak as the market wants bigger demand to offset ideas of increased production. The daily charts show that futures are in a down trend, but the market is getting very oversold. Palm Oil was higher on follow through buying tied to a weaker Ringgit. Futures had flushed to new lows early in the week on news that Indonesia is lowering export tariffs in an effort to boost sales. The country had maintained higher tariffs as it was keeping Palm Oil in the country for use in bio fuels. However, futures have rallied since in part on Chicago price action and in part on hopes that the US and China can find a trade deal. The private export reports were lower than last month, but the pace of exports improved over the second half of the month.
Overnight News:
Chart Analysis: Trends in Canola are mixed. Support is at 476.00, 472.00, and 471.00 January, with resistance at 481.00, 483.00, and 485.00 January. Trends in Palm Oil are mixed. Support is at 2000, 1980, and 1940 February, with resistance at 2040, 2060, and 2080 February.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 27, 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 – ICE FUTURES U.S. (20 Metric Tonnes) :
CFTC Code #135731 Open Interest is 191,809 :
: Positions :
: 112,393 73,828 11,197 1,360 290 31,713 74,737 12,870 5,166 10,761 16,650 :
: Changes from: November 20, 2018 :
: 8,947 4,763 1,278 -301 -14 -253 5,193 649 217 531 1,058 :
: Percent of Open Interest Represented by Each Category of Trader :
: 58.6 38.5 5.8 0.7 0.2 16.5 39.0 6.7 2.7 5.6 8.7 :
: Number of Traders in Each Category Total Traders: 243 :
: 25 31 4 4 . 7 58 9 73 55 22 :
—————————————————————————————————————-

DJ Canadian Grain Handling Summary – Nov 30
WINNIPEG–The following are Canadian grain handling summary statistics
for the week ended Nov. 25, 2018. Figures in thousands of metric tons.
Source: Canadian Grain Commission.
Durum
Wheat Oats Barley Flax Canola Peas Corn Total*
COMMERCIAL STOCKS
This week 2705.4 792.0 216.9 319.9 60.4 1228.0 291.8 157.6 6892.2
Week ago 2466.3 766.0 184.4 399.4 56.3 1352.0 284.4 147.7 6853.5
Year ago 2828.6 564.1 200.4 339.3 89.5 1445.8 282.6 124.1 6865.2
PRODUCER DELIVERIES
This Week 551.3 91.8 49.5 55.4 12.0 389.2 89.9 15.0 1360.8
Week Ago 479.4 66.1 48.7 84.5 9.8 325.2 57.3 10.5 1186.2
To Date 7204.1 1186.6 838.3 1261.4 113.9 6504.6 1228.6 207.1 20310.2
Year Ago 6113.1 1190.9 849.7 1018.4 154.1 6856.9 1257.4 159.3 19447.7
TERMINAL RECEIPTS
This Week 411.0 58.3 11.8 109.3 9.3 198.0 14.8 36.9 1279.5
Week Ago 334.5 85.3 0.2 73.5 9.3 229.5 10.6 51.7 1206.3
To Date 7450.7 1260.4 165.5 782.4 56.9 3565.5 640.3 280.8 18123.2
Year Ago 6368.7 1619.1 56.8 565.4 66.2 3818.2 849.4 190.1 16816.3
EXPORTS
This Week 267.7 1.1 18.7 115.7 8.3 219.8 22.9 4.9 1058.3
Week Ago 306.4 80.3 21.9 105.5 18.1 290.2 16.4 40.8 1129.8
To Date 6018.1 1009.3 598.5 749.9 85.4 3359.0 693.0 408.0 15326.9
Year Ago 5084.0 1301.6 574.5 596.8 84.6 3406.5 887.2 153.5 13988.9
DOMESTIC DISAPPEARANCE
This Week 67.4 2.0 5.3 22.7 0.6 182.6 4.4 21.9 443.2
Week Ago 78.8 1.6 4.5 20.6 0.9 171.2 5.3 23.6 348.0
To Date 1363.6 118.9 96.2 363.7 14.7 2848.4 69.8 379.8 6199.2
Year Ago 1802.7 260.7 85.8 416.7 17.3 2881.0 68.2 216.6 6866.3
*Totals include data from other crops not shown including rye, soybeans,
canary seed, mustard seed, beans, lentils and chickpeas.
Source: Commodity News Service Canada (cnscanada@shaw.ca, or 204-414-9084)

Midwest Weather Forecast: Some rain or snow showers are possible this weekend. Temperatures should be mostly below normal until normal temperatures return this weekend.

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
December 33 March 152 December 80 December 11 January 3 December
January 41 Marcy 65 March 21 January
February 63 March 22 March
All basis levels are positive unless noted as negative

Brazil Premiums Soybeans Soybean Meal Soybean Oil Corn
Paraguay Paraguay Paraguay Santos
December -7 December
January -8 January
February -11 March 80 March

DJ ICE Canada Cash Grain Close – Nov 30
WINNIPEG–The following are the closing cash canola prices from
ICE Futures.
Source: ICE Futures
Price Change
CANOLA
*Par Region 456.50 dn 0.70
Basis: Thunder Bay
1 Can 494.40 up 0.90
2 Can 481.40 up 0.90
Basis: Vancouver
1 Can 509.40 up 0.90
2 Can 496.40 up 0.90
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 – Dec 3
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
Dec 475.00 -07.50 Unquoted – –
Jan 492.50 -02.50 Unquoted – –
Feb/Mar 515.00 -05.00 Unquoted – –
Apr/May/Jun 542.50 -05.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Dec 480.00 -07.50 Unquoted – –
Jan 497.50 -02.50 Unquoted – –
Feb/Mar 520.00 -05.00 Unquoted – –
Apr/May/Jun 547.50 -05.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Dec 442.50 00.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Dec 317.50 -02.50 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Dec 1,820.00 -40.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Dec 174.00 -01.00 Unquoted – –
($1=MYR4.1630)

DJ China Dalian Grain Futures Closing Prices, Volume – Dec 03
Soybean No. 1
Turnover: 199,654 lots, or 6.72 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-19 3,351 3,365 3,281 3,327 3,344 3,323 -21 163,286 197,156
Mar-19 3,370 3,412 3,370 3,412 3,425 3,379 -46 26 168
May-19 3,569 3,577 3,520 3,561 3,564 3,551 -13 34,056 66,628
Jul-19 – – – 3,603 3,603 3,603 0 0 8
Sep-19 3,636 3,636 3,580 3,610 3,628 3,606 -22 2,082 6,514
Nov-19 – – – 3,653 3,653 3,653 0 0 12
Jan-20 3,626 3,636 3,582 3,596 3,626 3,597 -29 204 988
Corn
Turnover: 1,657,342 lots, or 31.74 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-19 1,894 1,912 1,866 1,880 1,914 1,891 -23 245,494 327,516
Mar-19 1,925 1,925 1,874 1,897 1,927 1,899 -28 13,164 5,394
May-19 1,930 1,942 1,896 1,912 1,953 1,916 -37 1,225,472 995,848
Jul-19 1,967 1,967 1,905 1,922 1,975 1,923 -52 4,788 14,752
Sep-19 1,965 1,965 1,908 1,930 1,982 1,936 -46 163,838 264,336
Nov-19 2,002 2,002 1,939 1,958 2,008 1,959 -49 4,586 1,736
Soymeal
Turnover: 2,271,378 lots, or 65.31 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Dec-18 3,064 3,066 2,901 2,901 3,009 2,983 -26 8 40
Jan-19 3,055 3,067 2,953 3,012 3,056 3,016 -40 1,053,968 884,470
Mar-19 2,903 2,905 2,792 2,854 2,906 2,884 -22 254,356 108,428
May-19 2,716 2,746 2,675 2,720 2,717 2,715 -2 854,662 1,186,754
Jul-19 2,696 2,731 2,668 2,715 2,694 2,703 9 4,122 8,802
Aug-19 2,704 2,747 2,696 2,722 2,715 2,724 9 38 242
Sep-19 2,732 2,775 2,706 2,756 2,730 2,745 15 103,192 246,244
Nov-19 2,739 2,775 2,712 2,770 2,746 2,756 10 1,032 1,310
Palm Oil
Turnover: 444,034 lots, or 19.43 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Dec-18 – – – 4,398 4,398 4,398 0 0 0
Jan-19 4,240 4,290 4,206 4,210 4,226 4,246 20 251,032 277,310
Feb-19 – – – 4,300 4,300 4,300 0 0 6
Mar-19 4,458 4,458 4,458 4,458 4,404 4,458 54 2 4
Apr-19 – – – 4,524 4,470 4,524 54 0 18
May-19 4,528 4,586 4,500 4,514 4,520 4,538 18 187,390 317,646
Jun-19 – – – 4,590 4,590 4,590 0 0 60
Jul-19 – – – 4,594 4,594 4,594 0 0 26
Aug-19 – – – 4,616 4,616 4,616 0 0 2
Sep-19 4,630 4,682 4,606 4,612 4,618 4,636 18 5,610 35,028
Oct-19 – – – 4,666 4,648 4,666 18 0 20
Nov-19 – – – 4,644 4,644 4,644 0 0 2
Soybean Oil
Turnover: 499,866 lots, or 27.38 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Dec-18 – – – 5,284 5,284 5,284 0 0 0
Jan-19 5,444 5,462 5,370 5,382 5,418 5,408 -10 260,646 438,236
Mar-19 5,572 5,572 5,486 5,486 5,584 5,494 -90 28 120
May-19 5,556 5,588 5,514 5,530 5,538 5,548 10 229,068 487,702
Jul-19 – – – 5,546 5,546 5,546 0 0 36
Aug-19 – – – 5,630 5,620 5,630 10 0 2
Sep-19 5,632 5,658 5,590 5,610 5,610 5,626 16 10,124 54,486
Nov-19 – – – 5,640 5,640 5,640 0 0 2
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