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 CBOT Delivery Intentions: Totals – Sep 3
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL September Sep. 04, 2019 571 Aug 30, 2019
SOYBEAN OIL September Sep. 04, 2019 219 Aug 06, 2019
ROUGH RICE September Sep. 04, 2019 81 Aug 30, 2019
CORN September Sep. 04, 2019 373 Jul 01, 2019
KC HRW WHEAT September Sep. 04, 2019 1005 Aug 30, 2019
SOYBEAN September Sep. 04, 2019 1065 Aug 30, 2019
WHEAT September Sep. 04, 2019 332 Aug 27, 2019

WHEAT
General Comments: Wheat markets were lower and extended losses after September First Notice Day. Delivery notices were high and the market was caught off guard. Wheat remains a very weak market. The weekly charts show that Minneapolis Spring Wheat futures are at multi-year lows and the Chicago Hard Red Winter futures could be in the same position this week. Chicago Soft Red Winter futures are weak but are not close to making multi-year lows. The weekly export sales reports have shown improved demand and there are ideas that feed demand for Wheat has been strong. US Wheat demand has been hurt by the strength of the US Dollar as well as some quality concerns as some areas saw a lot of rain during the planting and growing season and might not have good protein. Russia and now Europe have been able to dominate sales into many world buyers lately. US prices have been working lower to try to compete for business, but are still a little high on a CIF or delivered basis as opposed to FOB. These factors are not likely to change in the short-term. The Winter Wheat harvest is mostly over, but the Spring Wheat harvest is still progressing slowly. USDA will issue new production updates for Spring crops and also supply and demand estimates. The reports might not show many major changes on the supply side or the demand side.
Overnight News: The southern Great Plains should get scattered and light showers on Wednesday, otherwise mostly dry conditions. Temperatures should be near to above normal. Northern areas should see scattered showers and storms today, then mostly dry weather. Temperatures should be near to above normal. The Canadian Prairies should see mostly dry weather but showers are possible in Saskatchewan late this week. Temperatures should be variable.
Chart Analysis: Trends in Chicago are down with objectives of 460 and 448 December. Support is at 458, 453, and 442 December, with resistance at 466, 469, and 473 December. Trends in Kansas City are down with objectives of 388 and 376 December. Support is at 394, 392, and 389 December, with resistance at 400, 406, and 408 December. Trends in Minneapolis are down with no objectives. Support is at 494, 491, and 488 December, and resistance is at 511, 514, and 518 December.

COT — Supplemental Report – Option and Futures Combined Positions as of August 27, 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 445,985
: Positions :
: 60,167 97,103 153,427 66,846 111,854 137,349 39,659 417,789 402,043: 28,196 43,942
: Changes from: August 20, 2019 (Change in open interest: -80,788) :
: 5,548 4,540 -48,139 -24,532 -24,017 -11,369 -11,801 -78,493 -79,418: -2,296 -1,371
: Percent of Open Interest Represented by Each Category of Trader :
: 13.5 21.8 34.4 15.0 25.1 30.8 8.9 93.7 90.1: 6.3 9.9
: Total Traders: 349 Number of Traders in Each Category :
: 67 119 123 78 92 44 21 272 281:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of August 27, 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 301,474
: Positions :
: 51,874 83,565 68,013 96,022 107,810 58,087 22,787 273,995 282,174: 27,479 19,300
: Changes from: August 20, 2019 (Change in open interest: -15,426) :
: -91 -744 -9,221 -1,233 -1,015 -3,161 -2,693 -13,706 -13,673: -1,720 -1,753
: Percent of Open Interest Represented by Each Category of Trader :
: 17.2 27.7 22.6 31.9 35.8 19.3 7.6 90.9 93.6: 9.1 6.4
: Total Traders: 279 Number of Traders in Each Category :
: 75 55 67 92 81 32 14 227 193:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 27, 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 70,836 :
: Positions :
: 45,985 29,288 772 0 387 909 21,199 2,012 5,772 2,630 3,757 :
: Changes from: August 20, 2019 :
: -2,290 -2,529 0 0 0 -212 -260 -558 -482 165 -1,855 :
: Percent of Open Interest Represented by Each Category of Trader :
: 64.9 41.3 1.1 0.0 0.5 1.3 29.9 2.8 8.1 3.7 5.3 :
: Number of Traders in Each Category Total Traders: 93 :
: 47 40 . 0 . 4 12 5 6 11 11 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 27, 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 19,642 :
: Positions :
: 8,033 15,334 3,364 0 534 5,848 1,040 895 60 908 80 :
: Changes from: August 20, 2019 :
: 836 4 -65 0 -78 -101 186 -126 0 491 77 :
: Percent of Open Interest Represented by Each Category of Trader :
: 40.9 78.1 17.1 0.0 2.7 29.8 5.3 4.6 0.3 4.6 0.4 :
: Number of Traders in Each Category Total Traders: 27 :
: 6 14 . 0 . . . . . . . :
—————————————————————————————————————-

RICE
General Comments: Rice shot higher last week in reaction to yield reports from Gulf Coast areas and continued solid to strong export demand. Field yield reports from Texas and Louisiana are less than last year in all cases and average to below average. Final preparations for harvest are now taking place in Mississippi, Missouri, and Arkansas. Ideas are that field yields will be less in these states as well. Milling quality is said to be good to very good at this point in the harvest. Smut has been re[ported in Texas away from Houston, but the smut has not affected the milling quality so far. The major part of the crop is yet to be harvested, but indications are that USD is too high in its yield and harvested area estimate in its reports so far this year. Traders will look for reduced production estimates in the updates next week. Meanwhile, demand has been good on the export front at over 125,000 tons for the week. Much of the demand was for long grain paddy to Mexico and Venezuela as well as Central America. There was also a sale of 30,000 tons of milled Rice to Iraq that was known to the market a couple of weeks ago. The daily charts show up trends with a chance for November to move above 12.00 per hundredweight. The weekly charts show that futures held at a good support area and turned sharply higher. It looks like higher prices are coming to the Rice market
Overnight News: Trends are up with objectives of 1211 November. Support is at 1177, 1174, and 1155 November, with resistance at 1209, 1224, and 1253 November.
Chart Analysis: Trends are up with objectives of 1211 November. Support is at 1177, 1174, and 1155 November, with resistance at 1209, 1224, and 1253 November.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 27, 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 10,003 :
: Positions :
: 6,307 4,347 114 246 0 280 2,060 0 388 822 1,582 :
: Changes from: August 20, 2019 :
: 589 -415 0 0 0 -373 544 0 82 -74 -310 :
: Percent of Open Interest Represented by Each Category of Trader :
: 63.1 43.5 1.1 2.5 0.0 2.8 20.6 0.0 3.9 8.2 15.8 :
: Number of Traders in Each Category Total Traders: 55 :
: 15 13 . . 0 . 8 0 13 8 14 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn and Oats closed slightly lower, with Oats especially showing wide ranges and very limited volume as September went into delivery at the end of the week. Much of the conversation last week featured discussion on exactly how big the crop could be and what the current below normal temperatures could mean to crop maturity. There was also a lot of position squaring before the start of September deliveries and before the end of the month and the quarter. Plus, it was a long weekend last weekend due to Labor Day on Monday. The weather this week for the Midwest features mostly dry conditions and near to below normal temperatures. The crop needs time to develop after being planted late this year and futures should retain a weather premium as an early or even near normal first freeze date could cause additional losses. USDA will issue its next round of production reports next week and the yield for Corn will be a primary focus of the trade. USDA is expected to drop yields a bit as it makes its first survey based estimate. Some think that USDA could drop yields back to its June estimate of 166 bushels per acre. Futures prices for Corn currently reflect very little if any weather premium and bad demand prospects. Demand ideas have been hurt due to the slow export pace so far and domestic demand was hurt when President Trump approved waivers on ethanol consumption for 31 small refineries. The administration is now scrambling to try to replace the lost demand but probably has very few if any viable alternatives. Hopes for stronger prices will therefore rely mostly on reduced supply and supply based news will be watched by the market very closely.
Overnight News:
Chart Analysis: Trends in Corn are mixed. Support is at 369, 366, and 364 December, and resistance is at 377, 381, and 388 December. Trends in Oats are mixed. Support is at 266, 263, and 262 December, and resistance is at 273, 277, and 280 December.

COT — Supplemental Report – Option and Futures Combined Positions as of August 27, 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 2,032,700
: Positions :
: 177,685 292,669 457,240 677,118 934,539 389,753 117,135 1,701,798 1,801,584: 330,902 231,116
: Changes from: August 20, 2019 (Change in open interest: -294,738) :
: -20,433 23,975 -169,859 -52,948 -102,455 -44,295 -37,238 -287,534 -285,576: -7,204 -9,162
: Percent of Open Interest Represented by Each Category of Trader :
: 8.7 14.4 22.5 33.3 46.0 19.2 5.8 83.7 88.6: 16.3 11.4
: Total Traders: 923 Number of Traders in Each Category :
: 201 143 217 446 406 49 34 802 707:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 27, 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 4,715 :
: Positions :
: 1,006 3,465 143 0 0 734 328 0 1,358 12 113 :
: Changes from: August 20, 2019 :
: 6 -80 -1 0 0 -21 27 0 52 4 -8 :
: Percent of Open Interest Represented by Each Category of Trader :
: 21.3 73.5 3.0 0.0 0.0 15.6 7.0 0.0 28.8 0.2 2.4 :
: Number of Traders in Each Category Total Traders: 24 :
: 6 9 . 0 0 5 . 0 . . . :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans were a little higher and Soybean Meal closed lower last week. The weekly charts in both markets show the potential for prices to work lower over time. There are a lot of questions about the production potential for the crop this year in the US. The market conversation centers around pod counts seen on the Pro /Farmer crop tour. The counts were very low and this was especially true for states east of the Mississippi River. The weather has been better lately and more flowering to create more pods has been reported but the market still expects less production when USDA releases its next update on September 12. The current Midwest weather remains cool and temperatures have hindered development and yield potential. The crop is very late and will need an extended growing season to reach full potential. Demand is a great unknown as the trade wars continue. Washington says that they and the Chinese are talking and that progress is being made. Everyone wants to see a deal, but a potential deal always seems farther away despite official US optimism. Ideas for Soybeans demand were hurt when the president signed a waiver on biofuels for 31 small refineries a couple of weeks ago. The administration is working to improve biofuels demand to cover the lost demand it authorized but might not have that many good alternatives.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed to up with objectives of 887 and 907 November. Support is at 855, 853, and 840 November, and resistance is at 865, 869, and 875 November. Trends in Soybean Meal are mixed to down with no objectives. Support is at 291.00, 289.00, and 286.00 October, and resistance is at 295.00, 298.00, and 300.00 October. Trends in Soybean Oil are mixed to down with objectives of 2800, 2780 and 2740 October. Support is at 2820, 2800, and 2770 October, with resistance at 2870, 2900, and 2930 October.

COT — Supplemental Report – Option and Futures Combined Positions as of August 27, 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 748,556
: Positions :
: 77,166 161,919 201,921 250,294 258,487 162,192 54,027 691,573 676,354: 56,983 72,202
: Changes from: August 20, 2019 (Change in open interest: -28,024) :
: 1,970 2,161 -12,792 -16,459 -11,394 -2,087 -4,694 -29,368 -26,720: 1,344 -1,304
: Percent of Open Interest Represented by Each Category of Trader :
: 10.3 21.6 27.0 33.4 34.5 21.7 7.2 92.4 90.4: 7.6 9.6
: Total Traders: 565 Number of Traders in Each Category :
: 140 130 190 179 188 46 27 467 456:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of August 27, 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 496,033
: Positions :
: 75,123 90,646 108,954 140,153 244,710 136,937 25,644 461,166 469,955: 34,866 26,078
: Changes from: August 20, 2019 (Change in open interest: -4,103) :
: -2,447 8,171 -6,846 7,940 -6,103 -300 3,347 -1,654 -1,431: -2,449 -2,671
: Percent of Open Interest Represented by Each Category of Trader :
: 15.1 18.3 22.0 28.3 49.3 27.6 5.2 93.0 94.7: 7.0 5.3
: Total Traders: 334 Number of Traders in Each Category :
: 75 84 120 78 77 37 27 277 257:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of August 27, 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 474,296
: Positions :
: 39,273 80,807 107,877 177,530 220,657 100,907 33,979 425,586 443,319: 48,709 30,976
: Changes from: August 20, 2019 (Change in open interest: -7,379) :
: -1,747 -200 -6,149 2,942 2,674 342 -2,179 -4,613 -5,855: -2,766 -1,524
: Percent of Open Interest Represented by Each Category of Trader :
: 8.3 17.0 22.7 37.4 46.5 21.3 7.2 89.7 93.5: 10.3 6.5
: Total Traders: 298 Number of Traders in Each Category :
: 52 65 88 112 91 34 14 253 221:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Canola was a little higher despite reports of active harvesting. There appeared to be some speculative short covering before the long weekend. Reports from the field indicate good yields. Cold weather is possible in the next week and there is talk that a frost of freeze might be done. Palm Oil was lower despite bullish demand news. Outside markets are weaker. The market appears to be in a short-term and shallow correction now. Export data from the private sources has been positive so far this month. Buying came as the China-US trade war is causing China to consider dropping quotas on world vegetable oils imports. The market still expects limited upside potential, but the charts show that the market has broken out to the upside. 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 were 1.662 million tons in August, from 1.437 million in July
Chart Analysis: Trends in Canola are mixed to down with objectives of 443.00 and 436.00 November. Support is at 445.00, 442.00, and 440.00 November, with resistance at 450.00, 453.00, and 456.00 November. Trends in Palm Oil are mixed to down with objectives of 2140 and 2090 November. Support is at 2190, 2150, and 2120 November, with resistance at 2260, 2270, and 2300 November.

DJ Canadian Grain Handling Summary – Aug 30
NOTE: Updated from the Source.
By MarketsFarm
Winnipeg, Aug. 30 (MarketsFarm) – The following are Canadian grain
handling summary statistics for the week ended August 25, 2019. Figures in
thousands of metric tons.
Source: Canadian Grain Commission.
Durum
Wheat Oats Barley Flax Canola Peas Corn Total*
COMMERCIAL STOCKS
This Week 1726.4 692.3 147.0 214.3 16.0 955.7 296.5 85.1 4133.3
Week Ago 1679.1 713.8 120.8 198.5 18.7 939.9 225.4 92.9 4438.1
Year Ago 2492.3 739.6 236.3 268.9 57.8 577.4 371.3 248.1 5486.4
PRODUCER DELIVERIES
This Week 273.5 34.1 71.7 41.3 1.3 273.2 154.5 8.8 903.3
Week Ago 249.0 39.9 28.3 29.5 1.2 278.3 57.7 12.8 745.5
To Date 849.6 184.7 119.3 102.0 4.5 970.4 273.8 35.2 2714.4
Year Ago 1009.8 158.7 154.7 112.3 10.6 505.7 219.8 41.5 2346.6
TERMINAL RECEIPTS
This Week 319.7 68.7 1.9 3.0 0.0 165.8 27.4 1.1 643.1
Week Ago 329.7 126.9 0.1 0.4 0.0 189.0 29.3 0.8 762.3
To Date 1160.3 363.0 16.7 16.9 0.1 633.0 97.7 3.0 2537.7
Year Ago 1180.4 225.4 33.5 38.6 17.8 309.1 34.5 66.1 1998.3
EXPORTS
This Week 168.9 35.0 38.7 1.8 2.3 146.3 72.9 0.0 491.0
Week Ago 409.2 103.1 4.7 23.4 0.5 137.9 17.3 0.0 798.4
To Date 991.7 245.4 52.9 31.3 5.4 542.8 93.5 12.5 2269.6
Year Ago 855.0 131.4 62.8 60.6 19.9 422.5 12.4 114.4 1729.7
DOMESTIC DISAPPEARANCE
This Week 67.5 3.2 5.4 23.9 0.9 154.5 2.6 14.9 295.9
Week Ago 47.8 3.0 6.2 25.6 0.5 153.8 3.7 26.8 308.1
To Date 255.4 20.2 20.0 82.4 2.4 622.8 8.7 70.2 1170.2
Year Ago 253.3 21.4 16.4 58.8 2.3 452.0 6.4 66.5 949.5

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 27, 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 177,610 :
: Positions :
: 141,060 55,028 2,921 2,514 749 7,820 70,908 9,653 2,528 24,767 11,917 :
: Changes from: August 20, 2019 :
: 2,979 3,569 886 61 112 -395 -501 294 80 430 389 :
: Percent of Open Interest Represented by Each Category of Trader :
: 79.4 31.0 1.6 1.4 0.4 4.4 39.9 5.4 1.4 13.9 6.7 :
: Number of Traders in Each Category Total Traders: 266 :
: 49 62 4 . . 6 54 10 41 67 37 :
—————————————————————————————————————-

Midwest Weather Forecast: Mostly dry today and tomorrow, a few showers on Saturday, then dry again. Temperatures should be near to below normal.

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
September +21 Dec +165 Sep +74 Sep +25 Nov +12 Oct N/A
October +31 Dec +77 Dec +24 Nov
November +42 Dec +77 Dec +36 Nov
All basis levels are positive unless noted as negative

DJ ICE Canada Cash Grain Close – Aug 30
By MarketsFarm
WINNIPEG, Aug. 30 (MarketsFarm) – The following are the closing
cash canola prices from ICE Futures for Friday, August 30.
Source: ICE Futures
CANOLA
1 Canada NCC Best Bid
Spot Price Basis Contract Change
*Par Region 420.71 -26.79 Nov 2019 dn 0.40
Track Thunder Bay 455.00 7.00 Nov 2019 up 0.50
Track Vancouver 463.00 15.00 Nov 2019 up 0.50
All prices in Canadian dollars per metric ton.

DJ Malaysian PM Cash Market Prices for Palm Oil – September 3
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Tuesday, 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
Sep 532.50 -07.50 Unquoted – –
Oct 535.00 -05.00 Unquoted – –
Nov 537.50 -05.00 Unquoted – –
Dec 537.50 -05.00 Unquoted – –
Jan/Feb/Mar 555.00 -05.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Sep 537.50 -07.50 Unquoted – –
Oct 540.00 -05.00 Unquoted – –
Nov 542.50 -05.00 Unquoted – –
Dec 542.50 -05.00 Unquoted – –
Jan/Feb/Mar 560.00 -05.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Sep 555.00 -02.50 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Sep 450.00 00.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Sep 2,130 -40.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Sep 154.00 -01.00 Unquoted – –
($1=MYR4.2200)

DJ China Dalian Grain Futures Closing Prices, Volume – Sep 03
Soybean No. 1
Turnover: 148,368 lots, or 5.35 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-19 3,522 3,526 3,476 3,476 3,502 3,495 -7 170 2,994
Nov-19 3,553 3,558 3,517 3,517 3,547 3,541 -6 66 284
Jan-20 3,595 3,609 3,560 3,584 3,593 3,588 -5 133,184 176,866
Mar-20 – – – 3,589 3,589 3,589 0 0 26
May-20 3,771 3,777 3,733 3,749 3,764 3,753 -11 14,948 41,692
Jul-20 – – – 3,756 3,756 3,756 0 0 12
Corn
Turnover: 499,220 lots, or 9.37 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-19 1,821 1,823 1,818 1,818 1,820 1,822 2 3,376 10,472
Nov-19 1,845 1,852 1,840 1,848 1,844 1,846 2 55,386 362,370
Jan-20 1,874 1,879 1,869 1,876 1,873 1,874 1 399,356 1,196,252
Mar-20 1,897 1,900 1,892 1,895 1,894 1,896 2 108 3,560
May-20 1,932 1,938 1,930 1,935 1,932 1,933 1 40,646 237,964
Jul-20 1,951 1,952 1,946 1,950 1,944 1,946 2 348 2,132
Soymeal
Turnover: 1,845,062 lots, or 54.72 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-19 3,013 3,040 3,013 3,039 3,012 3,025 13 2,382 9,880
Nov-19 3,040 3,067 3,036 3,060 3,041 3,052 11 57,396 299,334
Dec-19 3,018 3,041 3,018 3,038 3,022 3,034 12 7,164 2,384
Jan-20 2,980 3,004 2,974 2,995 2,977 2,989 12 1,530,246 2,266,426
Mar-20 2,904 2,918 2,897 2,911 2,905 2,909 4 38 760
May-20 2,790 2,808 2,783 2,794 2,786 2,794 8 247,510 686,910
Jul-20 2,788 2,794 2,787 2,792 2,765 2,787 22 322 1,816
Aug-20 2,816 2,816 2,794 2,794 2,794 2,805 11 4 28
Palm Oil
Turnover: 661,612 lots, or 32.19 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-19 4,758 4,760 4,736 4,736 4,716 4,738 22 362 9,070
Oct-19 – – – 4,748 4,748 4,748 0 0 12
Nov-19 – – – 4,780 4,772 4,780 8 0 12
Dec-19 – – – 4,800 4,778 4,800 22 0 6
Jan-20 4,876 4,896 4,814 4,838 4,846 4,854 8 618,718 512,546
Feb-20 4,968 4,968 4,922 4,922 4,948 4,922 -26 82 222
Mar-20 – – – 4,982 4,982 4,982 0 0 2
Apr-20 – – – 4,988 4,988 4,988 0 0 2
May-20 5,050 5,050 4,980 5,006 5,012 5,016 4 42,150 80,554
Jun-20 – – – 5,048 5,048 5,048 0 0 2
Jul-20 5,030 5,030 5,030 5,030 5,070 5,030 -40 300 302
Aug-20 – – – 5,094 5,094 5,094 0 0 2
Soybean Oil
Turnover: 715,522 lots, or 43.34 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-19 5,976 5,978 5,940 5,970 5,964 5,964 0 2,190 19,236
Nov-19 5,980 6,044 5,980 6,044 6,114 6,012 -102 8 6
Dec-19 6,022 6,022 6,022 6,022 6,006 6,022 16 26 22
Jan-20 6,086 6,092 6,032 6,052 6,090 6,060 -30 652,612 947,626
Mar-20 – – – 6,150 6,180 6,150 -30 0 78
May-20 6,060 6,060 6,000 6,012 6,050 6,022 -28 60,382 213,940
Jul-20 6,104 6,104 6,030 6,030 6,170 6,030 -140 304 304
Aug-20 – – – 6,162 6,304 6,162 -142 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