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 USDA Cattle on Feed: 7-State 1,000+ Lots Totals-Jul 19
WASHINGTON (Dow Jones)==U.S. cattle on feed for slaughter market
in the historic 7 states for feedlots with capacity of 1,000 or more
totaled 10.015 million, up 1.7% from the previous year, the U.S.
Department of Agriculture said Friday.
NOTE: This table was compiled by Dow Jones. USDA no longer reports
7-state data.
Cattle on Feed: Number on Feed, Placements, marketing, and
Other Disappearance, 1,000+ Capacity Feedlots,
7 States, July 1, 2018-2019
========================================================================
Number 2019 as % of
Item ====================================
2018 2019 2018
========================================================================
=====1,000 head==== Percent
On feed June 1 10,073 10,245 102
Placed on feed during June 1,558 1,523 98
Fed cattle marketed during June 1,736 1,695 98
Other disappearance during June 48 58 121
On feed July 1 9,847 10,015 102
========================================================================

DJ USDA U.S. Cattle Inventory: Totals/Calf Crop-Jul 19
Cattle and Calves: Number by Class and Calf Crop,
United States, July 1, 2018-2019
===============================================================================
Percent of
Class 2018 2019 previous year
===============================================================================
======== 1,000 Head ======= Percent
Cattle and calves 103,000.0 103,000.0 100
Cows and heifers that have calved 41,800.0 41,700.0 100
Beef cows 32,400.0 32,400.0 100
Milk cows 9,400.0 9,300.0 99
Heifers 500 pounds and over 16,300.0 16,400.0 101
For beef cow replacement 4,600.0 4,400.0 96
For milk cow replacement 4,200.0 4,100.0 98
Other heifers 7,500.0 7,900.0 105
Steers 500 pounds and over 14,500.0 14,700.0 101
Bulls 500 pounds and over 2,100.0 2,100.0 100
Calves under 500 pounds 28,300.0 28,100.0 99
Calf crop 36,402.7 36,300.0 100
Cattle on feed 13,300.0 13,600.0 102
===============================================================================
Calf Crop: Number and Percent of Total by Six-Month Period,
United States, 2018 and Preliminary Calf Crop, 2019
===============================================================================
2018 2019
========================================================
Period Percent of Percent of
Number total Number total
===============================================================================
1,000 Hd Percent 1,000 Hd Percent
January 1 – June 30 26,600.0 73.1 26,500.0 73.0
July 1 – December 31 9,802.7 26.9 9,800.0 27.0
Total 36,402.7 100.0 36,300.0 100.0
===============================================================================

WHEAT
General Comments: Wheat markets were lower as Winter Wheat yield reports have been high and as the market starts to look for more demand. The harvest is starting to wind down in Kansas and should be well over half done nationally. Yield reports so far this year indicate that overall production will be high. Quality is reported to be good in HRW as protein levels have generally been 11.5 to 12% in the Kansas reports. Now the market is looking for the export demand that USDA indicated was possible in its monthly supply and demand updates. The weekly sales reports have shown only routine demand and that is not enough to support prices. World prices remain below those of the US and that is hurting any demand potential. Prices in the US will continue to sink unless some new demand is found or until US prices get closer to world levels. Spring Wheat in the US is generally in good condition as it has had enough rain. The North Dakota Spring Wheat tour is this week and participants should see very good crops. Canada seems to be enjoying better weather as well. It had been very dry in the Prairies but rains have been reported in the last few weeks. The price action in Minneapolis indicates weakness and that lower prices might be coming due to the good conditions in the US and the improved conditions in Canada.
Overnight News: The southern Great Plains should get mostly dry conditions. Temperatures should be below normal. Northern areas should see showers today, otherwise mostly dry conditions. Temperatures should be near to below normal. The Canadian Prairies should see scattered showers today. Temperatures should be near normal.
Chart Analysis: Trends in Chicago are mixed to down with objectives of 472, 469, and 436 September. Support is at 498, 493, and 491 September, with resistance at 510, 514, and 517 September. Trends in Kansas City are mixed to down with no objectives. Support is at 431, 425, and 418 September, with resistance at 447, 452, and 458 September. Trends in Minneapolis are mixed to down with objectives of 522 September. Support is at 524, 521, and 515 September, and resistance is at 532, 538, and 543 September.

COT — Supplemental Report – Option and Futures Combined Positions as of July 16, 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 504,375
: Positions :
: 57,559 82,463 182,690 62,988 138,628 168,010 55,198 471,247 458,978: 33,127 45,397
: Changes from: July 9, 2019 (Change in open interest: 17,956) :
: -6,942 -1,742 15,724 -770 -3,889 8,736 9,088 16,747 19,180: 1,209 -1,224
: Percent of Open Interest Represented by Each Category of Trader :
: 11.4 16.3 36.2 12.5 27.5 33.3 10.9 93.4 91.0: 6.6 9.0
: Total Traders: 371 Number of Traders in Each Category :
: 83 118 135 80 105 44 24 288 308:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of July 16, 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 298,936
: Positions :
: 54,776 68,846 77,462 80,053 108,115 58,654 22,269 270,945 276,692: 27,991 22,245
: Changes from: July 9, 2019 (Change in open interest: 3,939) :
: 4,214 2,052 -564 -265 3,263 -1,204 117 2,181 4,868: 1,758 -929
: Percent of Open Interest Represented by Each Category of Trader :
: 18.3 23.0 25.9 26.8 36.2 19.6 7.4 90.6 92.6: 9.4 7.4
: Total Traders: 264 Number of Traders in Each Category :
: 60 65 65 69 82 28 13 195 194:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of July 16, 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 55,860 :
: Positions :
: 32,830 24,802 1,392 0 0 1,533 14,560 700 5,772 1,592 3,154 :
: Changes from: July 9, 2019 :
: 1,946 2,056 -59 0 -175 67 803 398 6 -87 54 :
: Percent of Open Interest Represented by Each Category of Trader :
: 58.8 44.4 2.5 0.0 0.0 2.7 26.1 1.3 10.3 2.9 5.6 :
: Number of Traders in Each Category Total Traders: 82 :
: 43 30 . 0 0 4 11 . 10 7 12 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of July 16, 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 24,993 :
: Positions :
: 7,339 21,676 3,636 0 1,237 10,116 0 795 722 0 560 :
: Changes from: July 9, 2019 :
: -400 802 344 -73 258 882 0 316 109 0 -85 :
: Percent of Open Interest Represented by Each Category of Trader :
: 29.4 86.7 14.5 0.0 5.0 40.5 0.0 3.2 2.9 0.0 2.2 :
: Number of Traders in Each Category Total Traders: 27 :
: 12 13 4 0 . 4 0 . . 0 . :
—————————————————————————————————————-

RICE
General Comments: Rice was higher last week and made new highs for the move as weekly chart trends turned up. The market found some support from the tropical system that moved through the Delta, but reports from the region indicate only minimal damage if any was seen. Crops in the south will start to be drained from the flood soon and that means that the harvest is just around the corner. Sources in Texas expect a good crop, but probably not top yields. That seems to be the refrain in much of the Rice Belt. Crops look good but no one expects super yields due to the very uneven growing season including a lot of rain at planting time and then uneven conditions due to cooler temperatures and varying rains seen until recently. Demand was bad in the weekly export sales report, but Iraq did buy 60,000 tons of US Rice last week and that should be reported by USDA this week. Demand until now has generally been firm in export markets and USD indicated in its monthly supply and demand updates that domestic demand has been much stronger than expected. There is also a chance that China could buy US Rice again if the trade talks go well. Futures look prepared to build on gains this week as the market waits for the harvest to get underway.
Overnight News: The Delta should get showers. Temperatures should be near to above normal.
Chart Analysis: Trends are mixed to down with objectives of 1169, 1153, and 1108 September. Support is at 1182, 1172, and 1166 September, with resistance at 1197, 1202, and 1212 September.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of July 16, 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 7,556 :
: Positions :
: 4,017 4,418 136 0 0 1,094 679 0 239 925 512 :
: Changes from: July 9, 2019 :
: 416 763 0 0 0 522 -89 0 -72 -13 207 :
: Percent of Open Interest Represented by Each Category of Trader :
: 53.2 58.5 1.8 0.0 0.0 14.5 9.0 0.0 3.2 12.2 6.8 :
: Number of Traders in Each Category Total Traders: 45 :
: 11 14 . 0 0 7 4 0 4 13 8 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn and Oats closed lower as crop conditions appeared to improve. It has been hot but not completely dry in the Midwest and it is the scattered showers and storms that has kept selling pressure on the market. Crops are generally reported to be in good condition with good color. The Corn crop in general remains very late and Corn genetics mean that the crop can’t do much to catch up. There were some days above 90F last week and the nights were hot as well, so some growing days were lost due to the heat. The good news for producers is that the weather is changing this week. The hot air ridge is moving west a back to the West Coast. The Midwest and much of the Great Plains will enjoy below normal temperatures although it will turn rather dry once the cold front moves through. The cool temperatures will not promote rapid growth, but there will be growth and the condition should stay generally good. Meanwhile, Corn is a market that needs some demand and the weekly export sales reports have not been strong. Overseas buyers can get cheaper Corn in Argentina. What happens to Corn prices this year will depend in large part on how the US crop develops. It is very late so even normal freeze dates could cause some big production losses. A good crop is possible, but the producer will need a late freeze to get the crop home and into the marketplace.
Overnight News:
Chart Analysis: Trends in Corn are down with objectives of 420, 400, and 394 September. Support is at 423, 421, and 413 September, and resistance is at 432, 441, and 445 September. Trends in Oats are mixed to down with objectives of 265 and 254 September. Support is at 269, 268, and 266 September, and resistance is at 275, 278, and 282 September.

COT — Supplemental Report – Option and Futures Combined Positions as of July 16, 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 2,424,021
: Positions :
: 283,132 142,027 629,259 658,354 1,209,688 481,257 177,877 2,052,002 2,158,850: 372,019 265,171
: Changes from: July 9, 2019 (Change in open interest: 41,786) :
: -3,346 -13,429 13,407 7,748 31,007 18,989 5,871 36,797 36,856: 4,989 4,930
: Percent of Open Interest Represented by Each Category of Trader :
: 11.7 5.9 26.0 27.2 49.9 19.9 7.3 84.7 89.1: 15.3 10.9
: Total Traders: 974 Number of Traders in Each Category :
: 240 147 273 429 438 51 31 836 785:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of July 16, 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 5,080 :
: Positions :
: 735 3,783 149 0 0 1,042 109 0 1,305 34 115 :
: Changes from: July 9, 2019 :
: 108 -27 0 0 0 -59 39 0 4 4 2 :
: Percent of Open Interest Represented by Each Category of Trader :
: 14.5 74.5 2.9 0.0 0.0 20.5 2.1 0.0 25.7 0.7 2.3 :
: Number of Traders in Each Category Total Traders: 27 :
: 5 10 . 0 0 7 . 0 5 . . :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans and products closed lower on conflicting news and uneven growing conditions. The entire Midwest saw some very hot weather last week but it was not completely dry as scattered showers and storms were reported. Most of these were in the east as the remnants of the tropical system that hit the Delta moved through, but some strong storms were reported in some western areas as well. It is turning cooler and drier now with the movement of the hot air dome to the west. Some big rains were seen over the weekend as the ridge began its movement. It should be mostly dry and much cooler this week. Soybeans were planted very late this year and not all crops are showing good progress. The plants remain small and stressed. Demand news was mixed last week as the export sales report showed weaker demand. However, the Trump administration announced that it was holding a conference call with China in hopes of getting the negotiations back on track and moving forward. There was some talk that China was getting active in buying some US Soybeans to help support futures at the end of last week but these reports were not confirmed and bases levels were reported to be steady.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed. Support is at 890, 886, and 876 August, and resistance is at 918, 923, and 928 August. Trends in Soybean Meal are mixed. Support is at 310.00, 307.00, and 304.00 August, and resistance is at 316.00, 317.00, and 320.00 August. Trends in Soybean Oil are mixed. Support is at 2780, 2750, and 2730 August, with resistance at 2830, 2850, and 2860 August.

COT — Supplemental Report – Option and Futures Combined Positions as of July 16, 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 811,228
: Positions :
: 66,251 124,000 246,693 274,522 319,250 162,694 42,290 750,161 732,235: 61,068 78,994
: Changes from: July 9, 2019 (Change in open interest: -1,205) :
: 827 -3,526 2,875 -7,708 -1,720 4,692 2,982 686 610: -1,890 -1,815
: Percent of Open Interest Represented by Each Category of Trader :
: 8.2 15.3 30.4 33.8 39.4 20.1 5.2 92.5 90.3: 7.5 9.7
: Total Traders: 581 Number of Traders in Each Category :
: 138 138 192 190 210 46 26 480 478:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of July 16, 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 457,869
: Positions :
: 71,905 108,046 86,828 128,173 202,954 135,512 27,943 422,419 425,772: 35,450 32,097
: Changes from: July 9, 2019 (Change in open interest: 10,907) :
: 396 2,858 3,053 5,739 5,507 1,319 -1,776 10,506 9,641: 401 1,266
: Percent of Open Interest Represented by Each Category of Trader :
: 15.7 23.6 19.0 28.0 44.3 29.6 6.1 92.3 93.0: 7.7 7.0
: Total Traders: 308 Number of Traders in Each Category :
: 74 84 91 71 68 38 19 240 224:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of July 16, 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 476,053
: Positions :
: 41,151 63,955 116,026 170,900 225,833 100,337 38,725 428,413 444,538: 47,640 31,515
: Changes from: July 9, 2019 (Change in open interest: 4,219) :
: -1,529 -128 4,031 2,250 -951 1,240 1,234 5,992 4,186: -1,774 32
: Percent of Open Interest Represented by Each Category of Trader :
: 8.6 13.4 24.4 35.9 47.4 21.1 8.1 90.0 93.4: 10.0 6.6
: Total Traders: 274 Number of Traders in Each Category :
: 51 61 93 95 85 31 18 236 214:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Canola was higher on Friday on some speculative buying and some concerns about yield loss due to the uneven growing environment for crops in Canada this year. Futures closed a little higher for the week. Most areas are seeing better weather now, but the weather has been dry and sometimes hot in many growing areas until recently. Growing conditions are improving after rains in the last couple of weeks, but there are areas that are still reported to be too dry. Traders are expecting good but not great crops right now. Palm Oil was a little higher on positive demand news reported by the private sources. The market still expects limited upside potential.. There are ideas that there is plenty of production and supply to meet any expected demand. Stocks in Indonesia have increased for four straight months.
Overnight News: SGS said that Malaysian Palm Oil exports are now 926,257 tons, from 897,936 tons last month.
Chart Analysis: Trends in Canola are mixed. Support is at 446.00, 442.00, and 437.00 November, with resistance at 452.00, 457.00, and 459.00 November. Trends in Palm Oil are mixed. Support is at 1940, 1910, and 1880 October, with resistance at 1990, 2010, and 2030 October.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of July 16, 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 155,216 :
: Positions :
: 119,757 39,495 2,284 609 407 12,459 74,245 5,037 3,752 22,900 10,774 :
: Changes from: July 9, 2019 :
: 6,066 978 -70 6 19 -619 2,997 422 -157 1,232 -408 :
: Percent of Open Interest Represented by Each Category of Trader :
: 77.2 25.4 1.5 0.4 0.3 8.0 47.8 3.2 2.4 14.8 6.9 :
: Number of Traders in Each Category Total Traders: 246 :
: 27 34 4 . . 4 58 10 44 83 25 :
—————————————————————————————————————-

Midwest Weather Forecast: Mostly dry. Temperatures should be near to below normal.

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
July +54 Sep +140 Sep +45 Sep +55 Aug +12 Aug N/A
August +46 Sep +50 Sep +52 Aug
September +48 Sep +70 Sep +32 Nov
All basis levels are positive unless noted as negative

Brazil Premiums Soybeans Soybean Meal Soybean Oil Corn
Paraguay Paraguay Paraguay Santos
July
August
September

DJ ICE Canada Cash Grain Close – Jul 19
By MarketsFarm
WINNIPEG, July 19 (MarketsFarm) – The following are the closing
cash canola prices from ICE Futures for Friday, July 19.
Source: ICE Futures
CANOLA
1 Canada NCC Best Bid
Spot Price Basis Contract Change
*Par Region 435.40 -10.00 Nov 2019 up 1.30
Track Thunder Bay 461.60 12.00 Nov 2019 up 4.20
Track Vancouver 469.76 20.00 Nov 2019 up 4.20
All prices in Canadian dollars per metric ton.

DJ Malaysian PM Cash Market Prices for Palm Oil – July 22
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Monday 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
Aug 495.00 +02.50 Unquoted – –
Sep 500.00 +07.50 Unquoted – –
Oct/Nov/Dec 517.50 +20.00 Unquoted – –
Jan/Feb/Mar 547.50 00.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Aug 500.00 +02.50 Unquoted – –
Sep 505.00 +07.50 Unquoted – –
Oct/Nov/Dec 522.50 +20.00 Unquoted – –
Jan/Feb/Mar 552.50 00.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Aug 480.00 00.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Aug 340.00 00.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Aug 1,900 00.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Aug 135 00.00 Unquoted – –
($1=MYR 4.1110)

DJ China Dalian Grain Futures Closing Prices, Volume – Jul 22
Soybean No. 1
Turnover: 119,308 lots, or 4.04 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-19 3,386 3,395 3,365 3,387 3,382 3,383 1 101,828 146,618
Nov-19 3,459 3,459 3,425 3,431 3,444 3,436 -8 22 356
Jan-20 3,416 3,416 3,397 3,411 3,406 3,407 1 16,196 56,768
Mar-20 – – – 3,413 3,413 3,413 0 0 30
May-20 3,523 3,528 3,511 3,523 3,515 3,519 4 1,262 26,826
Jul-20 – – – 3,509 3,485 3,509 24 0 10
Corn
Turnover: 804,572 lots, or 15.60 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-19 1,922 1,922 1,910 1,915 1,930 1,914 -16 452,892 815,466
Nov-19 1,945 1,945 1,933 1,933 1,956 1,939 -17 34,814 350,856
Jan-20 1,974 1,976 1,963 1,965 1,985 1,969 -16 291,684 680,638
Mar-20 1,994 1,994 1,982 1,984 2,002 1,988 -14 568 2,206
May-20 2,038 2,042 2,026 2,026 2,048 2,034 -14 23,798 123,466
Jul-20 2,073 2,073 2,039 2,039 2,067 2,054 -13 816 330
Soymeal
Turnover: 2,816,290 lots, or 79.35 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Aug-19 2,841 2,905 2,841 2,880 2,881 2,866 -15 122 976
Sep-19 2,852 2,853 2,785 2,797 2,830 2,810 -20 2,070,082 1,425,822
Nov-19 2,862 2,869 2,815 2,823 2,850 2,849 -1 82,458 215,838
Dec-19 2,876 2,890 2,815 2,827 2,854 2,833 -21 564 1,302
Jan-20 2,872 2,878 2,834 2,841 2,858 2,852 -6 552,006 762,836
Mar-20 – – – 2,797 2,797 2,797 0 0 718
May-20 2,741 2,756 2,731 2,744 2,733 2,745 12 111,046 246,890
Jul-20 2,739 2,746 2,739 2,740 2,737 2,742 5 12 162
Palm Oil
Turnover: 495,808 lots, or 21.04 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Aug-19 – – – 4,288 4,288 4,288 0 0 0
Sep-19 4,190 4,218 4,174 4,214 4,188 4,198 10 386,650 580,806
Oct-19 – – – 4,344 4,334 4,344 10 0 16
Nov-19 – – – 4,298 4,288 4,298 10 0 14
Dec-19 – – – 4,478 4,478 4,478 0 0 10
Jan-20 4,388 4,406 4,382 4,400 4,402 4,396 -6 106,740 267,958
Feb-20 – – – 4,472 4,472 4,472 0 0 4
Mar-20 – – – 4,598 4,598 4,598 0 0 12
Apr-20 4,442 4,616 4,442 4,616 4,612 4,528 -84 4 2
May-20 4,620 4,634 4,620 4,630 4,628 4,626 -2 2,414 38,098
Jun-20 – – – 4,692 4,692 4,692 0 0 2
Jul-20 – – – 4,692 4,692 4,692 0 0 0
Soybean Oil
Turnover: 408,990 lots, or 22.33 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Aug-19 – – – 5,406 5,406 5,406 0 0 32
Sep-19 5,402 5,438 5,392 5,432 5,406 5,414 8 293,662 643,324
Nov-19 – – – 5,492 5,492 5,492 0 0 6
Dec-19 – – – 5,524 5,524 5,524 0 0 28
Jan-20 5,562 5,586 5,552 5,584 5,562 5,570 8 108,384 359,978
Mar-20 – – – 5,610 5,610 5,610 0 0 12
May-20 5,680 5,686 5,652 5,680 5,660 5,676 16 6,944 52,804
Jul-20 – – – 5,700 5,700 5,700 0 0 0
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