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

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
March 52 May 173 May 80 May 40 May May Price
April 52 May 83 May 36 May
May 52 May 83 May 39 May
All basis levels are positive unless noted as negative

Brazil Premiums Soybeans Soybean Meal Soybean Oil Corn
Paranagua Paranagua Paranagua Santos
March
April 45 May -16 May
May 55 May -17 May

DJ ICE Canada Cash Grain Close – Mar 12
By MarketsFarm
WINNIPEG, March 12 (MarketsFarm) – The following are the
closing cash canola prices from ICE Futures.
Source: ICE Futures
Price Change
CANOLA
*Par Region 440.36 dn 1.50
Basis: Thunder Bay
1 Can 473.30 up 2.50
2 Can 460.30 up 2.50
Basis: Vancouver
1 Can 483.30 up 2.50
2 Can 470.30 up 2.50
All prices in Canadian dollars per metric ton.

DJ Malaysian PM Cash Market Prices for Palm Oil – March 13
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Wednesday 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
Mar 517.50 -07.50 Unquoted – –
Apr 520.00 -12.50 Unquoted – –
May/Jun 532.50 -12.50 Unquoted – –
July/Aug/Sep 555.00 -07.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Mar 522.50 -07.50 Unquoted – –
Apr 525.00 -12.50 Unquoted – –
May/Jun 537.50 -12.50 Unquoted – –
July/Aug/Sep 560.00 -07.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Mar 510.00 -07.50 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Mar 470.00 -02.50 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Mar 1,930 -40.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Mar 147 -02.00 Unquoted – –
($1=MYR 4.0870)

DJ China Dalian Grain Futures Closing Prices, Volume – Mar 13
Soybean No. 1
Turnover: 134,074 lots, or 4.56 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Mar-19 – – – 3,277 3,277 3,277 0 0 0
May-19 3,389 3,406 3,384 3,387 3,389 3,394 5 119,170 140,802
Jul-19 3,475 3,475 3,437 3,466 3,463 3,461 -2 34 164
Sep-19 3,458 3,470 3,452 3,455 3,459 3,460 1 12,556 36,450
Nov-19 – – – 3,345 3,345 3,345 0 0 14
Jan-20 3,380 3,387 3,375 3,378 3,379 3,380 1 2,314 22,156
Corn
Turnover: 885,262 lots, or 16.36 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Mar-19 – – – 1,760 1,760 1,760 0 0 0
May-19 1,847 1,849 1,827 1,829 1,840 1,835 -5 551,496 990,920
Jul-19 1,867 1,868 1,846 1,852 1,863 1,851 -12 57,944 130,860
Sep-19 1,881 1,888 1,861 1,865 1,877 1,869 -8 262,096 695,338
Nov-19 1,909 1,909 1,885 1,890 1,903 1,889 -14 638 1,826
Jan-20 1,927 1,934 1,908 1,914 1,925 1,917 -8 13,088 52,042
Soymeal
Turnover: 1,557,830 lots, or 39.57 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Mar-19 – – – 2,421 2,421 2,421 0 0 0
May-19 2,510 2,535 2,508 2,534 2,514 2,524 10 1,127,098 1,909,734
Jul-19 2,550 2,559 2,545 2,553 2,553 2,551 -2 59,846 119,364
Aug-19 2,591 2,591 2,582 2,582 2,575 2,584 9 8 240
Sep-19 2,570 2,590 2,569 2,589 2,573 2,581 8 350,896 1,102,688
Nov-19 2,598 2,613 2,598 2,612 2,597 2,607 10 502 3,544
Dec-19 2,658 2,663 2,656 2,663 2,647 2,659 12 22 242
Jan-20 2,647 2,666 2,647 2,662 2,651 2,659 8 19,458 108,790
Palm Oil
Turnover: 579,890 lots, or 26.69 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Mar-19 – – – 4,714 4,714 4,714 0 0 0
Apr-19 – – – 4,600 4,600 4,600 0 0 2
May-19 4,586 4,610 4,510 4,512 4,590 4,566 -24 470,574 583,438
Jun-19 4,722 4,722 4,722 4,722 4,754 4,722 -32 2 52
Jul-19 – – – 4,774 4,774 4,774 0 0 28
Aug-19 – – – 4,702 4,732 4,702 -30 0 2
Sep-19 4,766 4,784 4,712 4,714 4,758 4,752 -6 99,804 183,692
Oct-19 4,864 4,864 4,782 4,848 4,784 4,814 30 14 14
Nov-19 – – – 4,898 4,868 4,898 30 0 16
Dec-19 – – – 5,004 5,004 5,004 0 0 90
Jan-20 4,794 4,816 4,782 4,782 4,792 4,796 4 9,496 40,536
Feb-20 – – – 4,876 4,876 4,876 0 0 0
Soybean Oil
Turnover: 536,024 lots, or 30.60 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Mar-19 – – – 5,266 5,266 5,266 0 0 0
May-19 5,692 5,718 5,632 5,634 5,706 5,674 -32 383,948 613,058
Jul-19 – – – 5,724 5,756 5,724 -32 0 16
Aug-19 – – – 5,780 5,812 5,780 -32 0 2
Sep-19 5,780 5,812 5,752 5,752 5,792 5,784 -8 142,452 325,244
Nov-19 – – – 5,854 5,862 5,854 -8 0 2
Dec-19 – – – 5,872 5,880 5,872 -8 0 10
Jan-20 5,886 5,904 5,856 5,856 5,890 5,882 -8 9,624 35,514
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