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

WHEAT
General Comments Winter Wheat markets were mixed once again, with Chicago SRW and Minneapolis slightly higher and Chicago HRW slightly lower. Demand ideas have been improving with some daily sales announcements in the last week, but HRW has not been able to do much. Most of the buying has been in SRW or Spring as traders buy the lower or higher protein Wheat. Attitudes on Wheat prices remain generally positive, but the market has struggled to move higher. Traders are starting to look ahead and hope for warmer weather and the day when Wheat can break dormancy. It looks like the crop will have plenty of moisture for initial development. However, there are questions as to how much Winter Wheat got planted last year. There are those that say that abandoned acres will also be significant, so there is a chance for a very small crop. The smaller planted area came because of very bad planting weather in the Great Plains and Midwest and low prices. The Fall season in both regions featured a lot of rain that hurt harvest and planting all season long. Price trends are trying to turn down on the daily charts, but weekly charts are still more sideways.
Overnight News: The southern Great Plains should get mostly dry weather with light snow possible this weekend. Temperatures should be above normal. Northern areas should see mostly dry weather, but a little light snow is possible this weekend. Temperatures should be below normal. The Canadian Prairies should see mostly dry conditions, but light snow is possible today and Friday. Temperatures should be below normal.
Chart Analysis: Trends in Chicago are mixed. Support is at 512, 511, and 509 March, with resistance at 524, 529, and 531 March. Trends in Kansas City are mixed to down with objectives of 485, 477, and 462 March. Support is at 488, 485, and 483 March, with resistance at 499, 507, and 513 March. Trends in Minneapolis are mixed. Support is at 569, 563, and 561 March, and resistance is at 578, 582, and 584 March.

COT — Supplemental Report – Option and Futures Combined Positions as of January 15, 2019
: 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 551,978
: Positions :
: 81,905 116,331 170,731 97,219 153,311 162,628 62,693 512,483 503,066: 39,495 48,912
: Changes from: January 8, 2019 (Change in open interest: 4,315) :
: 8,962 -1,002 2,297 2,422 -2,976 -10,419 4,089 3,262 2,409: 1,053 1,906
: Percent of Open Interest Represented by Each Category of Trader :
: 14.8 21.1 30.9 17.6 27.8 29.5 11.4 92.8 91.1: 7.2 8.9
: Total Traders: 399 Number of Traders in Each Category :
: 110 111 139 96 104 46 24 333 308:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of January 15, 2019
: 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 324,089
: Positions :
: 63,296 81,532 71,394 91,902 128,506 65,551 20,369 292,142 301,801: 31,946 22,288
: Changes from: January 8, 2019 (Change in open interest: 293) :
: -1,673 3,425 106 2,370 -7,111 -1,469 3,207 -666 -373: 959 666
: Percent of Open Interest Represented by Each Category of Trader :
: 19.5 25.2 22.0 28.4 39.7 20.2 6.3 90.1 93.1: 9.9 6.9
: Total Traders: 272 Number of Traders in Each Category :
: 65 59 76 79 89 32 14 212 208:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 15, 2019
: 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 12,575 :
: Positions :
: 7,492 11,385 1,500 0 0 2,642 0 0 300 500 100 :
: Changes from: January 8, 2019 :
: -100 175 0 0 0 0 0 0 23 0 0 :
: Percent of Open Interest Represented by Each Category of Trader :
: 59.6 90.5 11.9 0.0 0.0 21.0 0.0 0.0 2.4 4.0 0.8 :
: Number of Traders in Each Category Total Traders: 23 :
: 8 9 4 0 0 . 0 0 . . . :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 15, 2019
: 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 64,318 :
: Positions :
: 34,147 25,539 2,370 0 16 3,821 14,989 2,133 5,236 5,474 4,578 :
: Changes from: January 8, 2019 :
: 802 934 219 0 -1 -1,209 -754 -3 182 -641 1,291 :
: Percent of Open Interest Represented by Each Category of Trader :
: 53.1 39.7 3.7 0.0 0.0 5.9 23.3 3.3 8.1 8.5 7.1 :
: Number of Traders in Each Category Total Traders: 88 :
: 41 27 5 0 . 9 7 4 8 10 12 :
—————————————————————————————————————-

RICE
General Comments: Rice was a little lower again yesterday on light volume speculative trading. The trade will concentrate now on the weather and any potential planting delays as well as any new demand news. Delays in initial fieldwork are being reported in Texas, but longer term forecasts are giving hope that Gulf area producers can get started in the next month or so. USDA is slowly releasing its weekly export sales reports and should be caught up within 10 days. The export pace has been very solid so far and the trade will look for good demand to continue. Private sources suggest that domestic mills are slowly but surely getting covered on needs for the current crop year.
Overnight News: The Delta should get chances for precipitation late this week. Temperatures should be mostly above normal.
Chart Analysis: Trends are down with objectives of 1017 March. Support is at 1025, 1019, and 1010 March, with resistance at 1036, 1049, and 1059 March.

: 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 7,918 :
: Positions :
: 5,698 3,170 218 0 0 0 3,365 0 725 74 194 :
: Changes from: January 8, 2019 :
: 146 264 0 0 0 0 -79 0 -84 17 17 :
: Percent of Open Interest Represented by Each Category of Trader :
: 72.0 40.0 2.8 0.0 0.0 0.0 42.5 0.0 9.2 0.9 2.4 :
: Number of Traders in Each Category Total Traders: 49 :
: 16 12 . 0 0 0 11 0 8 5 8 :
—————————————————————————————————————-

DJ USDA World Market Rice Prices – Feb 13
USDA today announced the prevailing world market prices
of milled and rough rice, adjusted for U.S. milling yields
and location, and the resulting marketing loan gain (MLG)
and loan deficiency payment LDP) rates. Source: USDA
—-World Price—– MLG/LDP Rate
Milled Value Rough
($/cwt) ($/cwt) ($/cwt)
Long Grain 13.30 8.25 0.00
Medium/Short Grain 12.81 8.84 0.00
Brokens 8.02 —- —-

CORN AND OATS
General Comments: Corn was higher yesterday as it rallied in sympathy with Soybeans and on ideas of improving demand. CONAB release production estimates that showed the potential for a little more Corn to be grown, but the news did not hurt the price action at all. Support came from reports of good progress in the trade talks in China and in the border and government shutdown talks in Washington.. Trade attention will now turn to Washington as it moves to resolve trade problems with China, Europe, and Japan, among others, and pushes for passage of the new North American trade agreement. China and the US are meeting now and there are hopes that a lot of progress can be made. South American weather is improving as some showers are reported now in central and northern Brazil. The Winter Corn crop is being planted as Soybeans get harvested, so the rains are very beneficial after an extended dry season. Current short-term patterns suggest that futures should not be able to move below 365 March.
Overnight News:
Chart Analysis: Trends in Corn are mixed to down with objectives of 371, 368, and 367 March. Support is at 375, 372, and 371 March, and resistance is at 379, 381, and 382 March. Trends in Oats are mixed to down with objectives of 274 and 270 March. Support is at 285, 281, and 280 March, and resistance is at 288, 289, and 294 March.

COT — Supplemental Report – Option and Futures Combined Positions as of January 15, 2019
: 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 1,958,642
: Positions :
: 248,558 252,959 503,938 561,750 823,548 418,575 148,914 1,732,821 1,729,358: 225,821 229,285
: :
: Changes from: January 8, 2019 (Change in open interest: 34,963) :
: -8,721 20,133 30,046 27,460 -34,073 -19,867 10,933 28,918 27,040: 6,045 7,923
: :
: Percent of Open Interest Represented by Each Category of Trader :
: 12.7 12.9 25.7 28.7 42.0 21.4 7.6 88.5 88.3: 11.5 11.7
: :
: Total Traders: 836 Number of Traders in Each Category :
: 187 147 216 348 358 48 25 683 665:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 15, 2019
: 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 6,226 :
: Positions :
: 950 4,058 153 0 0 1,082 0 0 1,323 644 474 :
: Changes from: January 8, 2019 :
: 81 584 0 0 0 340 -115 0 47 50 185 :
: Percent of Open Interest Represented by Each Category of Trader :
: 15.3 65.2 2.5 0.0 0.0 17.4 0.0 0.0 21.3 10.3 7.6 :
: Number of Traders in Each Category Total Traders: 30 :
: 8 9 . 0 0 8 0 0 6 4 5 :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans and products were higher on fund buying tied to reports of good progress in the trade negotiations in China and on the government shutdown and border talks in Washington. CONAB released new crop production estimates for Brazil. It expects the country to produce just over 115 million tons of Soybeans, below last year and down from initial estimates at or above 125 million tons. The estimate is above private trade estimates, but the government expects to make lower estimates in coming reports. and reports of significant harvest progress in Brazil. The Brazil harvest is now over a quarter complete. China and the US started a new round of meetings this week and hopes for progress are great but details of any agreement are hard to find. Brazil has reduced production, but Argentine production appears good, and both countries are now offering at prices that compete with the US for sales. On the other hand, producers in the Americas are not real interested in selling right now due to lower prices. The supplies for the world are there, but will need to be pried out of the hands of the sellers. Trends are sideways on the weekly charts for these markets, and the fundamentals of big supplies might keep rallies in check.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed. Support is at 910, 904, and 900 March, and resistance is at 922, 924, and 928 March. Trends in Soybean Meal are mixed to down with objectives of 299.00 March. Support is at 307.00, 305.00, and 304.00 March, and resistance is at 312.00, 314.00, and 316.00 March. Trends in Soybean Oil are mixed. Support is at 3010, 2970, and 2950 March, with resistance at 3050, 3070, and 3100 March.

COT — Supplemental Report – Option and Futures Combined Positions as of January 15, 2019
: 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 802,437
: Positions :
: 57,694 126,388 200,066 307,811 340,315 179,280 40,060 744,850 706,829: 57,587 95,608
: Changes from: January 8, 2019 (Change in open interest: 22,466) :
: -5,472 11,547 11,368 15,207 -3,634 1,021 2,518 22,124 21,799: 342 667
: Percent of Open Interest Represented by Each Category of Trader :
: 7.2 15.8 24.9 38.4 42.4 22.3 5.0 92.8 88.1: 7.2 11.9
: Total Traders: 638 Number of Traders in Each Category :
: 116 180 202 198 236 48 26 492 536:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of January 15, 2019
: 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 514,594
: Positions :
: 65,999 103,866 137,742 142,004 224,880 130,770 16,132 476,516 482,621: 38,078 31,973
: Changes from: January 8, 2019 (Change in open interest: 14,540) :
: -311 3,312 6,890 -4,756 2,609 12,096 905 13,919 13,716: 622 825
: Percent of Open Interest Represented by Each Category of Trader :
: 12.8 20.2 26.8 27.6 43.7 25.4 3.1 92.6 93.8: 7.4 6.2
: Total Traders: 336 Number of Traders in Each Category :
: 61 100 111 82 73 38 17 261 254:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of January 15, 2019
: 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 478,760
: Positions :
: 59,787 50,155 106,296 143,693 257,060 113,874 25,024 423,651 438,535: 55,109 40,225
: Changes from: January 8, 2019 (Change in open interest: 3,358) :
: 2,186 9,839 -1,807 5,346 -11,571 3,980 3,351 9,706 -188: -6,348 3,546
: Percent of Open Interest Represented by Each Category of Trader :
: 12.5 10.5 22.2 30.0 53.7 23.8 5.2 88.5 91.6: 11.5 8.4
: Total Traders: 297 Number of Traders in Each Category :
: 60 68 97 95 81 35 16 256 215:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Canola was higher along with Chicago. Speculators and domestic processors were the best buyers, and speculators and producers were the best sellers. There is talk of improved export demand, but most of the rally came on ideas that the market needed a corrective bounce after the selling seen on Monday. Wire reports indicate that the overall export demand is still down this year. Chart trends are trying to turn up again. Palm Oil was lower and made new lows for the move on weaker demand data from the private sources.
Overnight News:
Chart Analysis: Trends in Canola are mixed to down with objectives of 465.00 and 428.00 March. Support is at 480.00, 474.00, and 471.00 March, with resistance at 483.00, 486.00, and 489.00 March. Trends in Palm Oil are mixed to down with objectives of 2230 and 2170 April. Support is at 2250, 2230, and 2200 April, with resistance at 2280, 2290, and 2310 April.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 15, 2019
: 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 190,500 :
: Positions :
: 113,609 84,753 6,265 1,614 158 31,687 65,462 13,973 11,324 11,336 12,064 :
: Changes from: January 8, 2019 :
: 2,826 3,105 2,186 204 -57 513 3,638 210 1,469 229 1,319 :
: Percent of Open Interest Represented by Each Category of Trader :
: 59.6 44.5 3.3 0.8 0.1 16.6 34.4 7.3 5.9 6.0 6.3 :
: Number of Traders in Each Category Total Traders: 197 :
: 21 26 . . . 7 51 11 46 46 22 :
—————————————————————————————————————-

Midwest Weather Forecast: Chances for big precipitation off and on all week and this weekend, but generally starting to turn drier. Temperatures should be near to above normal tomorrow and mostly below normal this weekend and through next week.

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
February 63 March 160 March 90 March 34 March -3 March
March 62 March 90 March 32 March
April 52 May 80 May 24 May
All basis levels are positive unless noted as negative

Brazil Premiums Soybeans Soybean Meal Soybean Oil Corn
Paraguay Paraguay Paraguay Santos
February
March -12 March
April 53 May -17 May

DJ ICE Canada Cash Grain Close – Feb 12
WINNIPEG — The following are the closing
cash canola prices from ICE Futures.
Source: ICE Futures
Price Change
CANOLA
*Par Region 463.30 dn 3.90
Basis: Thunder Bay
1 Can 496.20 up 1.50
2 Can 483.20 up 1.50
Basis: Vancouver
1 Can 511.20 up 1.50
2 Can 498.20 up 1.50
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 – February 13
The following are prices for Malaysian palm oil in the cash market at 1000 GMT  Wednesday, 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
Feb 562.50 +02.50 Unquoted – –
Mar 570.00 +02.50 Unquoted – –
Apr/May/Jun 585.00 +05.00 Unquoted – –
Jul/Aug/Sep 585.00 +05.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Feb 567.50 +02.50 Unquoted – –
Mar 575.00 +02.50 Unquoted – –
Apr/May/Jun 590.00 +05.00 Unquoted – –
Jul/Aug/Sep 590.00 +05.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Feb 550.00 0.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Feb 445.00 -0.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Feb 2,150 +10.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Feb 170.00 -03.00 Unquoted – –
($1=MYR4.0650)

DJ China Dalian Grain Futures Closing Prices, Volume – Feb 13
Soybean No. 1
Turnover: 111,218 lots, or 3.90 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Mar-19 3,325 3,325 3,300 3,300 3,307 3,301 -6 52 1,966
May-19 3,507 3,517 3,481 3,508 3,512 3,502 -10 102,776 136,620
Jul-19 – – – 3,504 3,504 3,504 0 0 4
Sep-19 3,533 3,550 3,511 3,544 3,535 3,532 -3 6,866 22,082
Nov-19 – – – 3,475 3,475 3,475 0 0 14
Jan-20 3,442 3,448 3,430 3,442 3,447 3,439 -8 1,524 8,900
Corn
Turnover: 374,426 lots, or 6.97 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Mar-19 1,839 1,840 1,825 1,825 1,842 1,831 -11 18,226 17,288
May-19 1,861 1,861 1,849 1,849 1,864 1,854 -10 251,392 1,019,452
Jul-19 1,888 1,888 1,875 1,876 1,890 1,878 -12 61,374 28,324
Sep-19 1,890 1,890 1,878 1,878 1,894 1,883 -11 40,968 362,276
Nov-19 1,910 1,910 1,900 1,900 1,916 1,906 -10 282 1,146
Jan-20 1,926 1,926 1,910 1,910 1,926 1,915 -11 2,184 16,878
Soymeal
Turnover: 1,609,304 lots, or 42.19 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Mar-19 2,637 2,655 2,625 2,646 2,636 2,640 4 105,812 49,084
May-19 2,616 2,624 2,591 2,620 2,608 2,610 2 1,191,278 1,753,602
Jul-19 2,627 2,649 2,619 2,648 2,627 2,637 10 141,014 85,642
Aug-19 2,666 2,666 2,661 2,665 2,668 2,664 -4 10 232
Sep-19 2,684 2,688 2,655 2,684 2,671 2,673 2 162,830 545,522
Nov-19 2,691 2,703 2,673 2,703 2,691 2,690 -1 1,650 2,990
Dec-19 2,714 2,715 2,704 2,715 2,719 2,712 -7 20 194
Jan-20 2,740 2,743 2,711 2,740 2,725 2,728 3 6,690 52,298
Palm Oil
Turnover: 287,556 lots, or 13.74 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Feb-19 – – – 4,600 4,600 4,600 0 0 0
Mar-19 – – – 4,756 4,756 4,756 0 0 4
Apr-19 – – – 4,802 4,802 4,802 0 0 20
May-19 4,766 4,784 4,760 4,778 4,758 4,774 16 260,542 449,590
Jun-19 4,818 4,818 4,812 4,814 4,804 4,814 10 6 58
Jul-19 – – – 4,866 4,866 4,866 0 0 26
Aug-19 – – – 4,810 4,810 4,810 0 0 2
Sep-19 4,818 4,826 4,806 4,822 4,810 4,816 6 26,856 80,418
Oct-19 – – – 4,890 4,890 4,890 0 0 24
Nov-19 4,970 4,970 4,970 4,970 4,882 4,970 88 6 24
Dec-19 – – – 4,950 4,958 4,950 -8 0 44
Jan-20 4,864 4,874 4,856 4,862 4,852 4,864 12 146 1,918
Soybean Oil
Turnover: 282,782 lots, or 16.21 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Mar-19 – – – 5,460 5,460 5,460 0 0 148
May-19 5,720 5,726 5,692 5,712 5,716 5,712 -4 224,030 724,238
Jul-19 – – – 5,786 5,786 5,786 0 0 16
Aug-19 – – – 5,688 5,684 5,688 4 0 2
Sep-19 5,800 5,820 5,792 5,812 5,800 5,808 8 58,322 199,110
Nov-19 5,888 5,888 5,888 5,888 5,912 5,888 -24 2 4
Dec-19 – – – 5,838 5,838 5,838 0 0 10
Jan-20 5,904 5,924 5,900 5,916 5,908 5,910 2 428 10,846
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