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

Crop Progress
Date 28-Apr 21-Apr 2018 Avg
Cotton Planted 11 9 12 13
Corn Planted 15 6 15 27
Corn Emerged 3 3 5
Soybeans Planted 3 1 5 6
Sorghum Planted 20 17 26 25
Rice Planted 38 31 54 57
Rice Emerged 27 18 28 37
Peanuts Planted 8 2 8 8
Sugar beets Planted 25 14 22 48
Oats Planted 43 36 38 61
Oats Emerged 31 27 29 41
Winter Wheat Headed 19 9 18 29
Spring Wheat Planted 13 5 9 33
Barley Planted 28 17 24 41
Barley Emerged 6 2 6 15

Crop Condition

Winter Wheat This Week 2 6 28 49 15
Winter Wheat Last Week 2 6 30 48 14
Winter Wheat Last Year 16 21 30 26 7

DJ CBOT Delivery Intentions: Totals – Apr 30
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL May. 01, 2019 300 Apr 12, 2019
SOYBEAN OIL May. 01, 2019 703 Apr 26, 2019
ROUGH RICE May. 01, 2019 352 Apr 29, 2019
CORN May. 01, 2019 856 Feb 27, 2019
OATS May. 01, 2019 130 Mar 27, 2019
SOYBEAN May. 01, 2019 453 Apr 17, 2019
WHEAT May. 01, 2019 1016 Apr 29, 2019

WHEAT
General Comments: Winter Wheat markets were lower last week and trends remain down on the weekly charts. Futures were lower yesterday. The weekly charts show eventual swing targets near 292 for Chicago SRW and 364 in Chicago HRW. Both markets are near some important support areas on the weekly charts and could find some support now, but the overall trends should still remain down. Minneapolis could move as low as 450 bases the nearest futures. Minneapolis and Chicago HRW closed near the lows of the week and look especially weak. Minneapolis remained weak on fears of a dramatic increase in planted area to Spring Wheat in Canada. StatsCan confirmed the possibility last week in its planting intentions report that showed Canadian farmers are planning on planting more Wheat this year at the expense of other crops, including a sizable cut in Canola area. Canada and China continue to have weaker trade relations and Canola demand from China has been decimated. Spring Wheat prices have lost a lot and could go lower in the short-term to price in the potential increase in planted area. The US Spring Wheat planted area was projected to be significantly down in the coming year, but increased area in Canada is bigger and more important overall for prices. The US Spring Wheat planting progress has been very slow as producers wait for the snow to melt and for the ground to dry. Any major planting delays now could mean that some US Spring Wheat area lies fallow or is planted to Soybeans, especially with the current weaker prices. Demand remains a problem as export sales remain weaker. Sales have improved over the last month, but still are not at levels to create any kind of bullish enthusiasm. Funds and other speculators remain very short in all three markets.
Overnight News: The southern Great Plains should get rains over the weekend and into early next week. Temperatures should be near to above normal. Northern areas should see showers by the weekend and more early next week. Temperatures should be near to above normal. The Canadian Prairies should see light precipitation late in the week. Temperatures should be near to above normal.
Chart Analysis: Trends in Chicago are mixed to down with objectives of 418 July. Support is at 431, 428, and 425 July, with resistance at 434, 447, and 454 July. Trends in Kansas City are down with objectives of 399 and 366 July. Support is at 396, 393, and 390 July, with resistance at 407, 415, and 421 July. Trends in Minneapolis are down with objectives of 488 July. Support is at 505, 502, and 500 May, and resistance is at 511, 517, and 519 July.

COT — Supplemental Report – Option and Futures Combined Positions as of April 23, 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 613,282
: Positions :
: 61,415 166,336 212,119 119,038 120,615 175,075 63,994 567,647 563,063: 45,635 50,219
: Changes from: April 16, 2019 (Change in open interest: 10,981) :
: 3,257 7,691 5,803 1,934 -1,930 2,327 837 13,321 12,401: -2,341 -1,420
: Percent of Open Interest Represented by Each Category of Trader :
: 10.0 27.1 34.6 19.4 19.7 28.5 10.4 92.6 91.8: 7.4 8.2
: Total Traders: 420 Number of Traders in Each Category :
: 115 127 157 103 95 45 26 345 336:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of April 23, 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 362,639
: Positions :
: 60,655 109,035 93,777 102,156 102,330 70,294 33,845 326,882 338,988: 35,757 23,651
: Changes from: April 16, 2019 (Change in open interest: 16,497) :
: 2,192 753 3,067 7,268 3,713 5,058 8,006 17,585 15,539: -1,088 957
: Percent of Open Interest Represented by Each Category of Trader :
: 16.7 30.1 25.9 28.2 28.2 19.4 9.3 90.1 93.5: 9.9 6.5
: Total Traders: 277 Number of Traders in Each Category :
: 72 59 74 87 75 35 19 230 198:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of April 23, 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 65,967 :
: Positions :
: 35,483 30,316 1,873 0 693 3,769 16,335 1,291 5,891 2,097 3,232 :
: Changes from: April 16, 2019 :
: -617 -2,218 -479 0 288 -1,436 674 -233 -257 247 501 :
: Percent of Open Interest Represented by Each Category of Trader :
: 53.8 46.0 2.8 0.0 1.1 5.7 24.8 2.0 8.9 3.2 4.9 :
: Number of Traders in Each Category Total Traders: 85 :
: 46 34 5 0 . 6 11 4 7 8 9 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of April 23, 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 18,909 :
: Positions :
: 7,317 14,965 1,940 276 448 5,286 300 1,378 1,143 240 1,010 :
: Changes from: April 16, 2019 :
: 112 571 0 6 -9 416 0 -10 -7 -2 -3 :
: Percent of Open Interest Represented by Each Category of Trader :
: 38.7 79.1 10.3 1.5 2.4 28.0 1.6 7.3 6.0 1.3 5.3 :
: Number of Traders in Each Category Total Traders: 30 :
: 13 12 . . . 4 . . . . . :
—————————————————————————————————————-

RICE
General Comments: Rice was lower for the week and is now trading in the lower third of the trading range in place since the middle of last year. Futures were higher yesterday. A strong US Dollar and flat prices in Asia have kept speculators trading from the sell side. Ideas of planting delays in Rice and continued good export demand have been reasons to support futures. Planting has been active near the Gulf Coast and in Texas, and initial reports show that crops there are in good condition. Planting progress has been more sporadic to the north due to cool and wet conditions, but some planting has been done. The market seems content to trade in a wide trading range for now and this implies that somewhat higher prices are possible over the next couple of weeks. The domestic market is using price breaks to extend forward coverage as the mills push to own Rice into the next harvest. Prices have been firm in Texas due to good demand for limited supplies. Much of the Rice is moving to Mexico. Prices have been firm in Arkansas due to a lack of producer selling as they wait to get the next crop planted. Some in the trade are disputing the planted area estimates from USDA. They think the planted area will be less in part due to the weather but in part due to the prices. However, the recent price drop in Soybeans might keep Rice planted area higher than some expect. Current supplies are high and bearish traders point to this fact as reason to keep prices relatively cheap or at least in a trading range.
Overnight News: The Delta should get mostly dry conditions this weekend, but more precipitation by early next week. Temperatures should near normal.
Chart Analysis: Trends are mixed. Support is at 1056, 1047, and 1040 July, with resistance at 1070, 1074, and 1082 July.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of April 23, 2019
: 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 8,674 :
: Positions :
: 5,606 3,022 144 0 0 110 3,110 0 397 437 746 :
: Changes from: April 16, 2019 :
: 95 -170 -1 0 0 0 146 0 -82 68 15 :
: Percent of Open Interest Represented by Each Category of Trader :
: 64.6 34.8 1.7 0.0 0.0 1.3 35.9 0.0 4.6 5.0 8.6 :
: Number of Traders in Each Category Total Traders: 47 :
: 12 12 . 0 0 . 11 0 5 11 9 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn was lower last week and made new lows for the move. Futures were mixed yesterday. There is enough supply out there for current demand and ideas of big supplies have kept prices on the defensive. Initial planting weather has not been good and fieldwork and planting is getting off to a slow start. More delays were seen over the weekend as a major storm moved through central and northern sections of the Midwest. Rain and snow were reported, with the biggest snows reported in southern sections of Minnesota and Wisconsin. Northern Iowa and northern Illinois also saw some snow. More precipitation, this time mostly big rains, are expected for much of the Great Plains and Midwest this week to keep any planting progress slow. It is more and more likely that the crop overall will be planted late, and this fact increases the likelihood that there could be a little yield loss and that some area could be switched to Soybeans. The weekly charts show that Corn is in a down trend, but the market has already come close to many objectives. Swing targets for the weekly charts are near 335 May. Oats traded higher and is finding support from tight supplies and delayed planting progress. Producers have been unable to get much done in Texas or in the northern Midwest. Weekly chart patterns are still up. US weather remains cool and wet for most of the Midwest. Brazil Winter Corn appears to be in good condition as the crop develops and moves to pollination. Crop estimates are high and have shown a tendency to increase as the crop develops. Most areas have seen enough rain for now. Corn prices are reported to be weakening in South America as the summer production from both Brazil and Argentina is now available. US demand has held well given the potential competition and Gulf basis levels have been steady.
Overnight News:
Chart Analysis: Trends in Corn are mixed. Support is at 360, 355, and 351 July, and resistance is at 366, 369, and 373 July. Trends in Oats are up with objectives of 303 and 326 July. Support is at 292, 289, and 286 July, and resistance is at 301, 304, and 307 July.

COT — Supplemental Report – Option and Futures Combined Positions as of April 23, 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 2,294,839
: Positions :
: 184,504 518,766 617,672 769,072 724,087 418,177 209,356 1,989,426 2,069,881: 305,413 224,958
: Changes from: April 16, 2019 (Change in open interest: 61,007) :
: 536 11,134 19,763 34,544 11,070 9,612 16,844 64,455 58,810: -3,448 2,197
: Percent of Open Interest Represented by Each Category of Trader :
: 8.0 22.6 26.9 33.5 31.6 18.2 9.1 86.7 90.2: 13.3 9.8
: Total Traders: 883 Number of Traders in Each Category :
: 196 167 251 377 346 50 28 748 698:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of April 23, 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 6,056 :
: Positions :
: 1,772 4,722 161 0 0 545 104 0 1,699 78 135 :
: Changes from: April 16, 2019 :
: -306 45 -1 0 0 153 -97 -104 227 78 -169 :
: Percent of Open Interest Represented by Each Category of Trader :
: 29.3 78.0 2.7 0.0 0.0 9.0 1.7 0.0 28.1 1.3 2.2 :
: Number of Traders in Each Category Total Traders: 24 :
: 6 11 . 0 0 4 . 0 4 . . :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans and Soybean Meal were lower last week and were lower again yesterday. Soybeans trends turned down last week. The weekly charts for Soybeans show the potential for futures to move to about 823 and 770 bases the nearest futures contract. Soybean Meal held the lows of the recent trading range, but price action overall looked weak. The market is waiting for the trade deal with China, but worried about overall Chinese Soybeans demand due to the Asian Swine Flu that has decimated the hog herd there. The government reports that at least 18% of its hog herd has been lost and private estimates show much higher loss potential. It is an indication of the very strong demand potential from China for hogs and pork and products and also an indication that Soybeans and Meal demand could be significantly less in the coming year as China works to eradicate the disease and then repopulate its herds. The Soybeans demand could take several years to recover as it will take time to rebuild the herds. Export differentials from the US and South America have been under pressure for this reason and also as the South American crop is now available. Prices are a little lower in Brazil than in the US despite a lack of farmer selling in Brazil. They are unhappy with the price and nervous over economic changes going on in Brazil as the new president works to overhaul the public pension system and other areas of public finance. The Real has been lower against the US Dollar in part due to the economic uncertainty. Some shifting of business back to the US could happen if the Brazil farmer holding patterns are strong enough and Soybeans become scarce in Brazil ports, but basis levels right now are stable to weak.
Overnight News:
Chart Analysis: Trends in Soybeans are down with no objectives. Support is at 860, 854, and 848 July, and resistance is at 868, 876, and 884 July. Trends in Soybean Meal are down with objectives of 296.00 and 289.00 July. Support is at 300.00, 297.00, and 294.00 July, and resistance is at 304.00, 306.00, and 308.00 July. Trends in Soybean Oil are mixed to down with no objectives. Support is at 2790, 2750, and 2720 July, with resistance at 2870, 2910, and 2940 July.

COT — Supplemental Report – Option and Futures Combined Positions as of April 23, 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 990,947
: Positions :
: 63,383 209,589 272,019 417,300 336,982 177,507 76,322 930,209 894,912: 60,738 96,034
: Changes from: April 16, 2019 (Change in open interest: 56,755) :
: -12,648 25,196 20,961 43,240 4,378 4,487 7,820 56,040 58,355: 715 -1,600
: Percent of Open Interest Represented by Each Category of Trader :
: 6.4 21.2 27.5 42.1 34.0 17.9 7.7 93.9 90.3: 6.1 9.7
: Total Traders: 665 Number of Traders in Each Category :
: 137 184 215 206 236 48 29 519 561:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of April 23, 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 522,949
: Positions :
: 66,866 131,037 125,451 164,764 211,853 129,023 24,638 486,104 492,980: 36,845 29,969
: Changes from: April 16, 2019 (Change in open interest: 17,556) :
: -1,325 13,536 6,107 9,197 -5,027 -65 3,333 13,913 17,949: 3,643 -393
: Percent of Open Interest Represented by Each Category of Trader :
: 12.8 25.1 24.0 31.5 40.5 24.7 4.7 93.0 94.3: 7.0 5.7
: Total Traders: 344 Number of Traders in Each Category :
: 78 103 119 80 81 39 18 267 275:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of April 23, 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 482,766
: Positions :
: 53,578 76,138 105,811 167,988 219,223 104,761 40,855 432,138 442,027: 50,628 40,738
: Changes from: April 16, 2019 (Change in open interest: 5,158) :
: 4,474 4,969 -2,364 2,365 -1,850 2,319 2,893 6,794 3,649: -1,635 1,510
: Percent of Open Interest Represented by Each Category of Trader :
: 11.1 15.8 21.9 34.8 45.4 21.7 8.5 89.5 91.6: 10.5 8.4
: Total Traders: 309 Number of Traders in Each Category :
: 59 80 94 99 91 37 17 253 236:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Canola was lower as demand concerns moved back to the forefront of the market talk. Lost demand from China due to the Huawei executive dispute has really hurt this market. StatsCan last week showed much reduced planted area because of the problems with China, and the market was able to show a recovery. Trends are still down as the market is still pressured by the lack of demand from China. Demand remains light in the domestic market and the export market as fieldwork and planting are underway. Snows over the weekend created ideas that some grains acres could move back to Canola. Traders hope that the Canadian government finds a way to cut a deal to get Canola sales and shipments to China flowing again. Palm Oil was lower on talk that there are still big supplies around and on weakness in outside markets. Malaysia secured a commitment from China for the latter country to buy more Malaysian Palm Oil, but this was expected and was part of the price. Data on exports so far this month was positive, and the market hopes for more positive demand news. Demand could remain strong as prices are cheaper on a relative basis to Soybean Oil. Short term trends are now down.
Overnight News: SGS said that April Malaysian Palm Oil exports were 1/584 million tons, up 0.5% from March. AmSpec said that exports were 1.576 million tons, up 2% from March.
Chart Analysis: Trends in Canola are down with no objectives. Support is at 442.00, 439.00, and 436.00 July, with resistance at 452.00, 457.00, and 462.00 July. Trends in Palm Oil are down with objectives of 2050 and 1940 July. Support is at 2100, 2070, and 2040 July, with resistance at 2140, 2180, and 2200 July.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of April 23, 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 187,940 :
: Positions :
: 116,525 52,584 2,617 2,571 768 21,521 73,479 13,788 7,660 19,031 23,936 :
: Changes from: April 16, 2019 :
: 2,016 -5,207 -4,121 105 412 -535 3,679 397 2,549 974 -1,307 :
: Percent of Open Interest Represented by Each Category of Trader :
: 62.0 28.0 1.4 1.4 0.4 11.5 39.1 7.3 4.1 10.1 12.7 :
: Number of Traders in Each Category Total Traders: 265 :
: 29 36 . . . 5 59 16 54 81 40 :
—————————————————————————————————————-

Midwest Weather Forecast: Some significant precipitation is likely Saturday and again by the middle of next week. More precipitation next week. Temperatures should be below normal.

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
April +54 May +161 May +87 May +41 May +1 May
May +52 May +83 May +31 July
June +41 July +65 July +26 July
All basis levels are positive unless noted as negative

Brazil Premiums Soybeans Soybean Meal Soybean Oil Corn
Paraguay Paraguay Paraguay Santos
April
May
June

DJ ICE Canada Cash Grain Close – Apr 29
By MarketsFarm
WINNIPEG, April 29 (MarketsFarm) – The following are the
closing cash canola prices from ICE Futures.
Source: ICE Futures
Price Change
CANOLA
*Par Region 422.20 dn 5.10
Track Thunder Bay 451.90 up 1.30
Track Vancouver 459.90 up 1.30
All prices in Canadian dollars per metric ton.

DJ Malaysian PM Cash Market Prices for Palm Oil – April 30
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
May 520.00 00.00 Unquoted – –
Jun 530.00 00.00 Unquoted – –
July/Aug/Sep 540.00 00.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
May 525.00 00.00 Unquoted – –
Jun 535.00 00.00 Unquoted – –
July/Aug/Sep 545.00 00.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
May 482.50 +02.50 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
May 435.00 -02.50 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
May 2,020 -10.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
May 139 00.00 Unquoted – –
($1=MYR 4.1350)

DJ China Dalian Grain Futures Closing Prices, Volume – Apr 30
Soybean No. 1
Turnover: 125,012 lots, or 4.19 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-19 3,271 3,281 3,251 3,269 3,278 3,262 -16 12,194 13,990
Jul-19 3,320 3,326 3,311 3,326 3,335 3,318 -17 12 392
Sep-19 3,367 3,379 3,345 3,378 3,371 3,361 -10 103,526 171,854
Nov-19 3,389 3,389 3,354 3,354 3,382 3,368 -14 6 48
Jan-20 3,389 3,389 3,360 3,383 3,388 3,373 -15 9,274 37,272
Mar-20 – – – 3,395 3,402 3,395 -7 0 22
Corn
Turnover: 558,270 lots, or 10.65 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-19 1,869 1,869 1,851 1,859 1,868 1,859 -9 65,976 147,948
Jul-19 1,907 1,907 1,899 1,903 1,904 1,902 -2 30,184 384,254
Sep-19 1,920 1,920 1,907 1,916 1,914 1,913 -1 418,624 1,245,546
Nov-19 1,922 1,927 1,920 1,926 1,924 1,922 -2 156 1,264
Jan-20 1,934 1,934 1,922 1,931 1,930 1,927 -3 42,734 256,044
Mar-20 1,941 1,944 1,936 1,942 1,939 1,938 -1 596 6,298
Soymeal
Turnover: 1,829,542 lots, or 46.76 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-19 2,500 2,500 2,456 2,463 2,490 2,470 -20 61,704 8,924
Jul-19 2,512 2,524 2,491 2,511 2,510 2,506 -4 55,968 233,406
Aug-19 2,561 2,561 2,525 2,551 2,553 2,546 -7 5,644 5,336
Sep-19 2,569 2,575 2,537 2,569 2,568 2,555 -13 1,585,016 2,175,894
Nov-19 2,599 2,603 2,567 2,595 2,598 2,583 -15 26,028 3,936
Dec-19 2,637 2,637 2,616 2,625 2,646 2,622 -24 16 162
Jan-20 2,647 2,651 2,613 2,645 2,647 2,633 -14 95,124 204,698
Mar-20 2,647 2,647 2,618 2,624 2,649 2,627 -22 42 700
Palm Oil
Turnover: 313,376 lots, or 14.05 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-19 4,256 4,260 4,196 4,214 4,238 4,226 -12 22,050 17,238
Jun-19 4,536 4,536 4,400 4,400 4,514 4,426 -88 10 18
Jul-19 4,506 4,506 4,476 4,476 4,516 4,496 -20 18 34
Aug-19 – – – 4,370 4,388 4,370 -18 0 0
Sep-19 4,500 4,510 4,472 4,496 4,502 4,496 -6 277,368 515,764
Oct-19 4,618 4,618 4,512 4,610 4,562 4,574 12 50 12
Nov-19 – – – 4,638 4,638 4,638 0 0 22
Dec-19 4,754 4,754 4,754 4,754 4,796 4,754 -42 2 14
Jan-20 4,642 4,672 4,640 4,662 4,652 4,654 2 13,878 80,958
Feb-20 – – – 4,716 4,714 4,716 2 0 4
Mar-20 – – – 4,708 4,708 4,708 0 0 0
Apr-20 – – – 4,780 4,778 4,780 2 0 0
Soybean Oil
Turnover: 318,056 lots, or 17.05 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-19 5,184 5,246 5,162 5,242 5,184 5,208 24 22,808 34,122
Jul-19 – – – 5,344 5,344 5,344 0 0 12
Aug-19 5,328 5,328 5,328 5,328 5,314 5,328 14 2 32
Sep-19 5,358 5,382 5,338 5,374 5,356 5,362 6 276,104 799,188
Nov-19 – – – 5,426 5,420 5,426 6 0 2
Dec-19 – – – 5,632 5,626 5,632 6 0 10
Jan-20 5,510 5,534 5,486 5,530 5,506 5,510 4 19,138 79,994
Mar-20 5,662 5,662 5,526 5,526 5,612 5,594 -18 4 10
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        
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