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

Alerts History
• 11-Jun-2019 07:00:00 AM – BRAZIL 2018/19 SOYBEAN CROP SEEN AT 114.843 MLN TNS VS 114.313 MLN TNS IN MAY FORECAST AND 119.282 MLN TNS IN 2017/18 – CONAB
• 11-Jun-2019 07:00:00 AM – BRAZIL 2018/19 SECOND-CORN CROP SEEN AT 70.677 MLN TNS VS 69.149 MLN TNS IN MAY FORECAST AND 53.898 MLN TNS IN 2017/18 – CONAB
• 11-Jun-2019 07:00:00 AM – BRAZIL 2018/19 TOTAL CORN CROP SEEN AT 97.010 MLN TNS VS 95.254 MLN TNS IN MAY FORECAST AND 80.709 MLN TNS IN 2017/18 – CONAB
• 11-Jun-2019 07:00:00 AM – BRAZIL 2018/19 TOTAL GRAIN CROP SEEN AT 238.900 MLN TNS VS 236.717 MLN TNS IN MAY FORECAST AND 227.679 MLN TNS IN 2017/18 – CONAB
• 11-Jun-2019 07:00:00 AM – BRAZIL’S SECOND-CORN AREA SEEN AT 12.329 MLN HA VS 12.275 MLN HA IN MAY FORECAST AND 11.534 MLN HA IN 2017/18 CROP CYCLE – CONAB
• 11-Jun-2019 07:00:00 AM – BRAZIL 2018/19 SOYBEAN YIELDS SEEN AT 3,206 KG/HA VS 3,193 KG/HA IN MAY FORECAST AND 3,394 KG/HA IN 2017/18 – CONAB
• 11-Jun-2019 07:00:00 AM – BRAZIL 2018/19 TOTAL CORN YIELDS SEEN AT 5,605 KG/HA VS 5,524 KG/HA IN MAY FORECAST AND 4,857 KG/HA IN 2017/18- CONAB
• 11-Jun-2019 07:00:00 AM – BRAZIL 2018/19 CORN EXPORTS SEEN 32 MLN TNS VS 31 MLN TNS IN MAY FORECAST AND 24.767 MLN TNS IN 2017/18 – CONAB
• 11-Jun-2019 07:00:00 AM – BRAZIL 2018/19 SOYBEAN EXPORTS SEEN AT 68 MLN TNS VS 68 MLN TNS IN MAY FORECAST AND 83.257 MLN TNS IN 2017/18 – CONAB

DJ U.S. Corn, Soybean Production Estimates — Survey
CHICAGO–The following are analysts’ estimates for 2019 U.S. corn and soybean production in millions of bushels, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release its monthly estimates at noon on Tuesday.
U.S. 2019 Production (million bushels, bushels per acre)
Average Range USDA May USDA 2018
Corn Production 13,903 12,988-14,859 15,030 14,420
Corn Yield 170.3 162.5-175.0 176.0 176.4
Soybean Production 4,092 3,860-4,240 4,150 4,544
Soybean Yield 48.7 47.5-49.6 49.5 51.6
Corn Soybean
Production Yield Production Yield
AgriSource 13,987 168.0 4,011 48.5
Agrivisor 14,270 173.0 4,189 49.0
Allendale 14,174 170.7 4,113 49.0
DC Analysis 13,577 N/A 4,177 N/A
Doane 13,000 162.5 4,085 47.5
Farm Futures 13,589 168.4 4,107 48.3
INTL FCStone 13,606 169.0 4,062 48.5
Sid Love Consulting 14,260 171.0 4,106 49.0
North Star 13,923 169.0 3,904 48.0
Price Group 13,480 170.0 4,120 48.0
Prime Ag 14,689 172.0 4,106 49.0
RMC 14,220 174.0 4,240 49.6
US Commodities 14,859 174.0 4,150 49.5
Vantage RM 12,988 170.0 3,860 48.7
Western Milling 13,237 167.2 4,087 48.0
Zaner Ag Hedge 14,596 175.0 4,150 49.5

DJ U.S. Wheat Production Estimates — Survey
CHICAGO–The following are analysts’ estimates for 2019-20 U.S. wheat production, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated production forecasts at noon on Tuesday.
2019-20 Wheat Production
Average Range USDA May USDA 2018-19
All Wheat 1,891 1,837-1,952 1,897 1,884
Winter Wheat 1,255 1,194-1,316 1,268 1,184
Hard Red Winter 766 662-816 780 662
Soft Red Winter 263 252-286 265 286
White Winter 228 215-252 224 236
All Wheat Winter Wheat Hard-Red Soft-Red White
Agrivisor 1,864 1,235 755 260 220
Allendale 1,876 1,269 783 262 224
DC Analysis 1,920 1,291 812 255 224
Doane 1,850 1,227 N/A N/A N/A
Farm Futures 1,952 1,234 762 257 215
INTL FCStone 1,881 1,266 786 256 224
Sid Love Consulting 1,913 1,284 800 260 224
North Star 1,877 1,265 780 260 225
Price Group 1,887 1,258 765 265 228
Prime Ag 1,897 N/A N/A N/A N/A
RJ O’Brien 1,922 1,297 816 257 224
RMC 1,894 1,194 662 286 236
Vantage RM 1,852 1,231 696 283 252
Western Milling 1,945 1,316 810 260 246
Zaner Ag Hedge 1,837 1,208 735 252 221

DJ U.S. June Grain, Soybean Stockpiles Estimates — Survey
CHICAGO–The following are analysts’ estimates in millions of bushels for U.S. ending stockpiles for 2018-19 and 2019-20, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated supply and demand tables on Tuesday at noon ET.
U.S. Stockpiles (millions)
2018-19
Average Range USDA May
Corn 2,165 2,035-2,485 2,095
Soybeans 1,010 920-1,079 995
Wheat 1,113 1,077-1,128 1,127
2019-20
Average Range USDA May
Corn 1,731 1,133-2,404 2,485
Soybeans 987 825-1,346 970
Wheat 1,115 1,025-1,180 1,141
2018-19 2019-20
Corn Soybeans Wheat Corn Soybeans Wheat
AgriSource 2,095 995 N/A 1,580 835 N/A
Agrivisor 2,095 1,020 1,095 1,725 994 1,076
Allendale 2,245 995 1,115 2,079 993 1,106
DC Analysis 2,235 1,047 1,127 1,552 1,036 1,155
Doane 2,220 1,035 1,095 1,250 940 1,025
Farm Futures 2,206 986 1,118 1,467 1,006 1,130
INTL FCStone 2,485 1,079 1,120 1,554 1,346 1,079
Sid Love Consulting 2,095 1,020 1,127 1,991 1,046 1,180
Northstar 2,110 1,000 1,127 1,633 854 1,141
Price Group 2,095 995 1,110 1,665 991 1,114
Prime-Ag 2,145 1,020 1,127 2,200 950 1,141
RJ O’Brien 2,190 1,062 1,122 1,899 1,161 1,177
RMC 2,035 920 1,087 1,835 875 1,097
US Commodities 2,145 990 1,120 2,404 970 1,135
Vantage RM 2,145 980 1,077 1,133 825 1,095
Western Milling 2,125 1,024 1,128 1,312 978 1,100
Zaner Ag Hedge 2,145 1,005 1,117 2,151 980 1,091

DJ June Brazil, Argentina Corn, Soybean Production Estimates – Survey
CHICAGO–The following are analysts’ estimates in millions of metric tons for Brazil and Argentina corn and soybean production for 2018-19, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release its monthly estimates on Tuesday at noon ET.
Brazil Corn, Soybean Production (million metric tons)
Average Range USDA May
Corn 99.8 96.0-102.0 100.0
Soybeans 117.0 116.0-118.0 117.0
Corn Soybeans
Allendale 99.00 117.00
Agrivisor 100.00 117.00
DC Analysis 100.00 117.00
Doane 100.00 117.00
Farm Futures 101.00 117.00
INTL FCStone 98.20 116.50
North Star 100.00 117.00
Price Group 100.00 117.00
Prime Ag 101.00 117.00
RMC 96.00 116.00
US Commodities 100.50 118.00
Western Milling 102.00 117.00
Zaner Ag Hedge 100.00 118.00
Argentina Corn, Soybean Production (million metric tons)
Average Range USDA May
Corn 49.0 48.0-50.0 49.0
Soybeans 56.1 55.5-57.0 56.0
Corn Soybeans
Allendale 48.50 56.50
Agrivisor 49.00 56.00
DC Analysis 48.00 56.00
Doane 49.00 56.00
Farm Futures 48.00 55.90
INTL FCStone 48.50 56.50
North Star 49.00 56.00
Price Group 49.00 56.00
Prime Ag 50.00 56.00
RMC 48.00 55.50
US Commodities 49.50 56.50
Western Milling 50.00 57.00
Zaner Ag Hedge 50.00 56.00

DJ June 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 2018-19 and 2019-20, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated supply and demand tables on Tuesday at noon ET.
World Stockpiles (million metric tons)
2018-19
Average Range USDA May
Corn 323.6 314.0-328.4 325.9
Soybeans 113.1 107.4-115.4 113.2
Wheat 274.6 272.1-276.0 275.0
2019-20
Average Range USDA May
Corn 301.6 285.0-315.0 314.7
Soybeans 114.7 108.0-136.2 113.1
Wheat 288.2 276.4-293.0 293.0
2018-19 2019-20
Corn Soybeans Wheat Corn Soybeans Wheat
Agrivisor 325.9 113.2 275.0 295.0 114.0 290.5
Allendale 322.7 113.3 273.8 308.2 114.3 291.5
Doane 328.0 115.0 276.0 295.0 113.0 288.0
Farm Futures 316.0 112.4 273.0 285.0 110.0 290.0
INTL FCStone 321.4 115.4 274.5 300.3 136.2 276.4
Northstar 326.0 113.2 275.0 295.0 111.0 293.0
Prime-Ag 327.0 114.0 275.0 310.0 113.0 291.0
RMC 314.0 107.4 275.6 315.0 108.0 277.0
US Commodities 324.0 113.0 275.5 314.0 114.0 292.0
Western Milling 326.0 112.0 275.0 289.7 112.0 292.0
Zaner Ag Hedge 328.4 115.4 272.1 310.4 116.3 288.7

DJ USDA Grain Inspections for Export in Metric Tons – Jun 10
COUNTRY OF DESTINATION IS REPORTED AS KNOWN AT THE TIME OF EXPORTATION.
INFORMATION CONTAINED IN THIS REPORT REFLECTS EXPORTED GRAIN INSPECTED AND
WEIGHED THROUGH THE AUTHORITY UNDER THE U.S. GRAIN STANDARDS ACT.
NO ADDITIONAL ANALYSIS, COMPILATIONS OR DATA IS AVAILABLE.
GRAINS INSPECTED AND/OR WEIGHED FOR EXPORT
REPORTED IN WEEK ENDING JUN 06, 2019
— METRIC TONS —
————————————————————————-
CURRENT PREVIOUS
———– WEEK ENDING ———- MARKET YEAR MARKET YEAR
GRAIN 06/06/2019 05/30/2019 06/07/2018 TO DATE TO DATE
BARLEY 196 637 0 0 0
CORN 850,647 744,840 1,410,564 40,177,985 41,001,227
FLAXSEED 0 0 0 0 0
MIXED 0 0 0 0 24
OATS 299 499 599 299 599
RYE 0 100 0 0 0
SORGHUM 52,436 64,035 9,678 1,465,689 4,730,216
SOYBEANS 714,627 510,482 675,621 34,949,342 47,489,177
SUNFLOWER 0 0 0 0 0
WHEAT 464,779 592,964 419,589 400,126 419,589
Total 2,082,984 1,913,557 2,516,051 76,993,441 93,640,832
————————————————————————-
CROP MARKETING YEARS BEGIN JUNE 1 FOR WHEAT, RYE, OATS, BARLEY AND
FLAXSEED; SEPTEMBER 1 FOR CORN, SORGHUM, SOYBEANS AND SUNFLOWER SEEDS.
INCLUDES WATERWAY SHIPMENTS TO CANADA.

Crop Progress
Date 2-Jun 2-Jun 2018 Avg
Cotton Planted 75 71 88 87
Cotton Squaring 11 8 14 11
Corn Planted 83 67 99 99
Corn Emerged 62 46 93 93
Soybeans Planted 60 39 92 88
Soybeans Emerged 34 19 81 73
Sorghum Planted 49 35 77 68
Sorghum Headed 14 15 12
Rice Planted 96 91 100 99
Rice Emerged 87 76 99 96
Peanuts Planted 91 86 90 93
Sugar beets Planted 97 94 100 100
Oats Planted 96 91 99 99
Oats Emerged 87 77 94 97
Oats Headed 28 23 38 41
Winter Wheat Headed 83 76 90 91
Winter Wheat Harvested 4 13 10
Spring Wheat Planted 97 93 99 99
Spring Wheat Emerged 85 69 92 93
Barley Planted 97 94 99 99
Barley Emerged 86 73 91 92
Sunflowers Planted 42 19 69 65

Crop Condition
Very Poor Fair Good Excellent
Cotton This Week 7 8 41 37 7
Cotton Last Week 3 10 41 38 8
Cotton Last Year 3 18 37 38 4

Corn This Week 2 7 32 52 7
Corn Last Week
Corn Last Year 1 3 19 59 18

Rice This Week 1 6 32 52 9
Rice Last Week 1 6 32 52 9
Rice Last Year 1 3 25 58 13

Oats This Week 2 4 29 57 8
Oats Last Week 2 5 31 55 7
Oats Last Year 4 4 25 57 10

Peanuts This Week 1 6 33 58 2
Peanuts Last Week 1 6 32 59 2
Peanuts Last Year 2 4 34 54 7

Barley This Week 0 2 14 68 16
Barley Last Week 0 1 11 78 10
Barley Last Year 0 1 16 74 9

Winter Wheat This Week 2 7 27 50 14
Winter Wheat Last Week 2 7 27 50 14
Winter Wheat Last Year 15 20 27 30 8

Spring Wheat This Week 0 1 18 73 8
Spring Wheat Last Week 0 1 16 75 8
Spring Wheat Last Year 1 2 27 61 9

Pastures and Ranges This Week 1 6 25 54 14
Pastures and Ranges Last Week 1 6 26 54 13
Pastures and Ranges Last Year 6 13 32 41 8

WHEAT
General Comments: Wheat markets were higher as uncertain growing conditions around the world continued. USDA showed stable conditions as the harvest got underway for the winter crops and stable conditions for US Spring Wheat. Spring Wheat values continue to move higher due to reports of dry weather for planting in the western Canadian Prairies and reports of hot and dry weather in Russia and into eastern Ukraine. Production estimates for Russia have started to drop and world prices have started to firm. The situation in Canada is having more to do with the recent strength in Minneapolis as much of the Canadian Spring Wheat is hedged in that market. The dry weather in Canada has made for easier planting but poor emergence. Questions about yield potential are starting to increase. Forecast rains were disappointing in the Prairies. The weather in the Great Plains seems to be a little better now and ideas are that a high yielding but lower protein crop is coming. SRW areas of the Midwest, Delta, and Southeast saw significant rains over the weekend from the storm that formed in the Gulf last week. The precipitation is very welcome in the Southeast but not in the Delta or the Midwest.
Overnight News: The southern Great Plains should get frequent precipitation today and at the end of the week. Temperatures should be above normal. Northern areas should see light to moderate precipitation today and at the end of the week. Temperatures should be near o above normal. The Canadian Prairies should see dry conditions through Thursday, then scattered showers. Temperatures should be near to above normal.
Chart Analysis: Trends in Chicago are mixed. Support is at 502, 493, and 488 July, with resistance at 515, 522, and 529 July. Trends in Kansas City are mixed to down with objectives of 443, 412, and 376 July. Support is at 445, 444, and 441 July, with resistance at 461, 463, and 474 July. Trends in Minneapolis are up with objectives of 584, 591, and 616 July. Support is at 561, 556, and 551 July, and resistance is at 572, 576, and 581 July.

RICE
General Comments: Rice was higher as the weather remains difficult for producers. Some excessive rains were reported late in the week around Houston but there are no reports of damage to crops. The big rains then moved east into Louisiana and then over the weekend into Mississippi and north into Arkansas to further delay plantings. Some of the producers in Mississippi, Arkansas, and southern Missouri will stop trying to plant Rice and will try to plant Soybeans instead. There can be little doubt now that total planted area will be somewhat reduced, especially in Mississippi and Arkansas. Just how much the planted area will be reduced seems to be a guess at this point. Demand for US Rice in the world market has not been all that strong lately, but sales in the western hemisphere are continuing. World prices have been firming lately so this should help the US. Trends on the daily and weekly charts remain strong as futures closed near the highs for the week.
Overnight News: The Delta should get scattered showers again over the weekend. Temperatures should above normal.
Chart Analysis: Trends are mixed. Support is at 1168, 1162, and 1158 July, with resistance at 1179, 1183, and 1190 July.

CORN AND OATS
General Comments: Corn was unchanged to higher and Oats were mixed. Corn basically held above the lows of the trading range. There was a lot of trading on both sides of the market as traders of all typed got prepared for the USDA reports last night and today. The crop progress and condition report showed that a lot of Corn still needs to be planted and most will not get done. Condition was better than trade expectations, but still not strong. At least some of the new selling came from producers who used the rally to price levels not seen in the last three years to unload crops in storage. It is still very likely that a significant area will not get planted to Corn and will be planted instead to Soybeans of will not be planted this year. Lower than trend line yields are also likely given the late planting dates in most of the Midwest. USDA will begin to reflect the planting problems and what it could mean to production, demand, and prices in the monthly supply and demand updates that will be released later today.
Overnight News:
Chart Analysis: Trends in Corn are mixed to down with objectives of 401, 391, and 381 July. Support is at 412, 409, and 407 July, and resistance is at 421, 423, and 431 July. Trends in Oats are down with objectives of 270 and 262 July. Support is at 292, 290, and 287 July, and resistance is at 298, 301, and 304 July.

SOYBEANS AND PRODUCTS
General Comments: Soybeans and products were a little higher in response to stronger than expected export inspections released by USDA. USDA showed that planting progress was very strong last week, so more selling is possible before the monthly supply and demand updates later today. The trade thinks that there will be more Soybeans planted in the US this year because some of the Corn can’t be planted and this could be true. The potential for more Soybeans planted area is especially good in the eastern Midwest where yield potential is higher. The trade is also worried about a permanent loss of demand from China due in part to the Swine Flu there and in other parts of Southeast Asia and the trade war with China. This is also happening. China has continued to buy US pork meat as it needs meat in a big way due to the Swine Flu. It is also making deals to buy from just about everyone else as the demand is going to be big enough to demand imports from all corners of the globe. The Brazilian Real has firmed in the last few weeks and is now less than 4:1 against the US Dollar. The Real is showing signs of weakening this week.
Overnight News:
Chart Analysis: Trends in Soybeans are down with objectives of 849 and 819 July. Support is at 848, 838, and 831 July, and resistance is at 874, 879, and 890 July. Trends in Soybean Meal are down with objectives of 308.00 y 296.00. Support is at 309.00, 305.00, and 303.00 July, and resistance is at 316.00, 321.00, and 323.00 July. Trends in Soybean Oil are mixed. Support is at 2700, 2670, and 2620 July, with resistance at 2760, 2790, and 2800 July.

CANOLA AND PALM OIL
General Comments: Canola was a little higher along with Chicago. The close was in the middle of the range as the trade prepared for the USDA reports last night and this morning. Support still comes from reports of dry weather in Canada, but there were reports of some scattered precipitation over the weekend, especially in the west. Demand remains light in the domestic market and the export market. There is hope for increased demand from China as that country bought about double its normal amount of Canadian Wheat last month. Palm Oil was a little higher on demand ideas and as traders prepare for the MPOB reports. It has been a tough time getting Soybeans planted in the US and this is supporting Palm Oil. Demand ideas are improving on ideas China on increase buying, but ideas are that production remains high. Short term trends are trying to turn up.
Overnight News:
Chart Analysis: Trends in Canola are mixed. Support is at 452.00, 449.00, and 446.00 July, with resistance at 459.00, 462.00, and 464.00 July. Trends in Palm Oil are mixed. Support is at 1990, 1960, and 1930 August, with resistance at 2030, 2070, and 2090 August.

Midwest Weather Forecast: More precipitation in all areas by the middle of the week and again this weekend. Temperatures should be near to below normal.

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
June +56 July +162 July +80 July +58 July +1 July
July +46 July +80 July +48 July
August +35 September +75 September +41 August
All basis levels are positive unless noted as negative

Brazil Premiums Soybeans Soybean Meal Soybean Oil Corn
Paraguay Paraguay Paraguay Santos
June 118 July -18 July
July 128 July -17 July 38 July
August 128 August -15 August 29 September

DJ ICE Canada Cash Grain Close – Jn 10
WINNIPEG — The following are the closing cash
canola prices from ICE Futures.
Source: ICE Futures
Price Change
CANOLA
*Par Region 443.00 dn 1.70
Basis: Thunder Bay 467.40 up 1.40
Basis: Vancouver 474.40 up 1.40
All prices in Canadian dollars per metric tonne.
*Quote for previous day
Source: Commodity News Service Canada
(news@marketsfarm.com, or 204-414-9084)

DJ Malaysian PM Cash Market Prices for Palm Oil – June 11
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
Jun 510.00 +02.50 Unquoted – –
July 510.00 +02.50 Unquoted – –
Aug/Sep 515.00 +02.50 Unquoted – –
Oct/Nov/Dec 520.00 +02.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Jun 515.00 +02.50 Unquoted – –
July 515.00 +02.50 Unquoted – –
Aug/Sep 520.00 +02.50 Unquoted – –
Oct/Nov/Dec 525.00 +02.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Jun 475.00 00.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Jun 402.50 +02.50 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jun 2,000 +10.00 Unuoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jun 136 00.00 Unquoted – –
($1=MYR 4.1623

DJ China Dalian Grain Futures Closing Prices, Volume – Jun 11
Soybean No. 1
Turnover: 136,550 lots, or 4.79 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-19 3,470 3,470 3,470 3,470 3,467 3,470 3 138 670
Sep-19 3,509 3,538 3,493 3,502 3,511 3,511 0 118,278 116,468
Nov-19 3,491 3,491 3,452 3,455 3,465 3,464 -1 22 126
Jan-20 3,516 3,518 3,480 3,490 3,496 3,495 -1 13,926 41,724
Mar-20 3,476 3,476 3,476 3,476 3,490 3,476 -14 2 36
May-20 3,559 3,574 3,539 3,549 3,549 3,555 6 4,184 19,322
Corn
Turnover: 851,472 lots, or 16.89 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-19 1,915 1,930 1,915 1,919 1,924 1,922 -2 13,010 67,834
Sep-19 1,965 1,974 1,960 1,963 1,967 1,966 -1 607,654 989,332
Nov-19 2,003 2,009 1,995 1,999 2,001 2,001 0 58,622 263,848
Jan-20 2,033 2,044 2,028 2,030 2,036 2,036 0 160,048 500,818
Mar-20 2,064 2,064 2,046 2,050 2,053 2,054 1 1,098 9,682
May-20 2,104 2,112 2,097 2,099 2,105 2,104 -1 11,040 46,782
Soymeal
Turnover: 2,641,380 lots, or 75.84 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-19 2,785 2,813 2,771 2,791 2,789 2,789 0 10,840 20,852
Aug-19 2,856 2,889 2,835 2,841 2,856 2,860 4 70,882 159,414
Sep-19 2,865 2,893 2,849 2,868 2,855 2,871 16 2,231,398 1,981,676
Nov-19 2,895 2,923 2,880 2,898 2,877 2,903 26 578 7,318
Dec-19 2,922 2,922 2,876 2,891 2,882 2,891 9 29,492 870
Jan-20 2,891 2,932 2,886 2,904 2,889 2,908 19 244,424 402,138
Mar-20 2,828 2,829 2,802 2,812 2,795 2,817 22 40 1,152
May-20 2,698 2,715 2,687 2,704 2,685 2,700 15 53,726 199,662
Palm Oil
Turnover: 444,484 lots, or 19.60 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jun-19 – – – 4,076 4,076 4,076 0 0 0
Jul-19 – – – 4,414 4,414 4,414 0 0 18
Aug-19 – – – 4,466 4,466 4,466 0 0 2
Sep-19 4,380 4,418 4,376 4,396 4,392 4,394 2 403,212 616,766
Oct-19 – – – 4,494 4,494 4,494 0 0 14
Nov-19 4,552 4,646 4,552 4,646 4,588 4,598 10 4 32
Dec-19 – – – 4,550 4,542 4,550 8 0 12
Jan-20 4,510 4,578 4,510 4,560 4,554 4,552 -2 40,678 126,026
Feb-20 – – – 4,618 4,618 4,618 0 0 4
Mar-20 – – – 4,754 4,754 4,754 0 0 12
Apr-20 – – – 4,676 4,676 4,676 0 0 2
May-20 4,734 4,750 4,718 4,738 4,730 4,732 2 590 6,042
Soybean Oil
Turnover: 410,946 lots, or 22.53 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-19 5,496 5,496 5,430 5,430 5,436 5,462 26 4 2
Aug-19 5,402 5,402 5,402 5,402 5,304 5,402 98 8 32
Sep-19 5,440 5,482 5,440 5,466 5,456 5,460 4 355,256 780,028
Nov-19 – – – 5,516 5,516 5,516 0 0 2
Dec-19 5,638 5,658 5,588 5,658 5,612 5,628 16 98 46
Jan-20 5,604 5,632 5,586 5,618 5,600 5,610 10 54,294 163,480
Mar-20 5,550 5,692 5,550 5,684 5,658 5,634 -24 32 12
May-20 5,678 5,716 5,678 5,702 5,678 5,696 18 1,254 10,586
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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