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 16
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL September Sep. 17, 2019 48 Sep 12, 2019
SOYBEAN OIL September Sep. 17, 2019 9 Sep 13, 2019
ROUGH RICE September Sep. 17, 2019 7 Sep 13, 2019
CORN September Sep. 17, 2019 116 Sep 13, 2019
KC HRW WHEAT September Sep. 17, 2019 2 Sep 12, 2019
SOYBEAN September Sep. 17, 2019 94 Sep 13, 2019
WHEAT September Sep. 17, 2019 11 Sep 04, 2019

WHEAT
General Comments: Wheat markets were higher last week as almost all agricultural markets had a positive week. The weekly export sales report continued to show improved sales and the monthly Supply and demand report showed no changes for US data. World markets remain rather soft as prices in Europe and Russia were steady to weaker. It was mostly a short covering rally after weeks of moving lower. Speculators did most of the buying. Australia was in the news last week as ABARES cut its production estimates for Winter Wheat by a couple million tons. It remains very dry in some eastern areas and in the west. Some eastern areas of the country have seen enough rain and have good production prospects. But the agency noted that most Winter Crops, including Wheat, remain stressed. The trends remain down on the weekly charts despite the recovery last week so no one should be looking for more than a short-term correction. The US Dollar remains strong and the Dollar strength will inhibit any major rally attempts as the US will need cheaper prices to remain competitive. But the rally can extend for a while as the market has become very oversold. The Spring Wheat harvest should be winding down in the US and progressing rapidly in Canada. The Winter Wheat planting should be getting underway now.
Overnight News: The southern Great Plains should get mostly dry conditions. Temperatures should be near to above normal. Northern areas should see scattered showers this week. Temperatures should be near normal. The Canadian Prairies should see mostly dry weather. Temperatures should be variable.
Chart Analysis: Trends in Chicago are up with objectives of 492 and 502 December. Support is at 475, 469, and 467 December, with resistance at 491, 496, and 498 December. Trends in Kansas City are mixed. Support is at 395, 390, and 389 December, with resistance at 404, 406, and 408 December. Trends in Minneapolis are mixed to up with objectives of 517, 522, and 535 December. Support is at 502, 499, and 492 December, and resistance is at 510, 511, and 514 December.

COT — Supplemental Report – Option and Futures Combined Positions as of September 10, 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 465,009
: Positions :
: 61,971 107,175 167,136 65,717 99,347 142,658 49,249 437,481 422,907: 27,527 42,102
: Changes from: September 3, 2019 (Change in open interest: 16,288) :
: 8,033 -3,447 11,392 -1,095 4,698 -733 3,986 17,597 16,629: -1,310 -341
: Percent of Open Interest Represented by Each Category of Trader :
: 13.3 23.0 35.9 14.1 21.4 30.7 10.6 94.1 90.9: 5.9 9.1
: Total Traders: 355 Number of Traders in Each Category :
: 70 124 122 78 90 44 21 272 285:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of September 10, 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 318,580
: Positions :
: 55,741 89,195 86,744 83,392 95,884 62,655 28,232 288,531 300,054: 30,048 18,525
: Changes from: September 3, 2019 (Change in open interest: 8,800) :
: 4,119 -1,543 11,008 -8,798 -473 549 -139 6,878 8,853: 1,921 -53
: Percent of Open Interest Represented by Each Category of Trader :
: 17.5 28.0 27.2 26.2 30.1 19.7 8.9 90.6 94.2: 9.4 5.8
: Total Traders: 288 Number of Traders in Each Category :
: 75 60 68 96 81 32 15 235 197:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 10, 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 70,493 :
: Positions :
: 44,102 25,866 910 0 471 1,356 24,161 1,562 5,808 2,605 4,793 :
: Changes from: September 3, 2019 :
: 2,232 1,420 138 0 84 238 1,895 548 -7 21 343 :
: Percent of Open Interest Represented by Each Category of Trader :
: 62.6 36.7 1.3 0.0 0.7 1.9 34.3 2.2 8.2 3.7 6.8 :
: Number of Traders in Each Category Total Traders: 95 :
: 48 38 . 0 . 5 11 4 8 11 13 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 10, 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 16,229 :
: Positions :
: 6,029 12,869 1,890 0 319 6,150 800 650 440 1,197 54 :
: Changes from: September 3, 2019 :
: -1,943 -2,372 -1,335 0 -200 154 -226 -104 380 249 -22 :
: Percent of Open Interest Represented by Each Category of Trader :
: 37.1 79.3 11.6 0.0 2.0 37.9 4.9 4.0 2.7 7.4 0.3 :
: Number of Traders in Each Category Total Traders: 26 :
: 6 13 . 0 . . . . . . . :
—————————————————————————————————————-

RICE
General Comments: Rice was higher last week and appears poised to test the 1250 area basis November sooner rather than later. The USDA reports were bullish and tended to confirm trade ideas. The major bullish news in the reports was the reduced planted and harvested area for long grain Rice. The acreage cut was not completely unexpected but still gave bullish ideas to traders. The yield estimate was down from last month, but many feel that the yield will need to be cut further. All in all it looks like a short to very short production for long grain Rice this year and higher prices should be expected. The demand side appeared to pull back on the recent rally but might have to adjust buying ideas higher if the crop gets smaller in coming reports. Medium and short grain saw relatively bearish estimates as the higher production forecasts for those markets were maintained.
Overnight News: The Delta should get mostly dry conditions. Temperatures should be above normal.
Chart Analysis: Trends are up with objectives of 1231 November. Support is at 1212, 1200, and 1195 November, with resistance at 1233, 1252, and 1260 November.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 10, 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 9,189 :
: Positions :
: 5,476 5,124 115 246 0 366 650 0 291 947 1,412 :
: Changes from: September 3, 2019 :
: -309 545 -1 0 0 33 -593 0 -45 102 95 :
: Percent of Open Interest Represented by Each Category of Trader :
: 59.6 55.8 1.3 2.7 0.0 4.0 7.1 0.0 3.2 10.3 15.4 :
: Number of Traders in Each Category Total Traders: 50 :
: 14 15 . . 0 . . 0 7 13 15 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn closed higher as demand news started to improve. Mexico bought at least 1.0 million tons of US Corn last week as seen in the daily USDA announcements. The administration worked hard to appease ethanol and biofuels interests last week. They proposed to partially restore some of the demand it killed when it gave 31 refineries blending waivers by increasing the mix to 15% from the current 10%. President Trump said negotiations were moving along well on Friday, but it is doubtful that Corn producers and ethanol interests will be completely satisfied with this outcome. The administration is also pushing hard for Congress to ratify the new free trade agreement with Mexico and Canada. The agreement faces a tough road as both the right and the left have problems with it. Labor thinks they are not well enough protected and the right wants to support its business voters and has its own objections. The lack of an agreement has not hurt sales to Mexico, our largest customer. But new moves in the immigration front might as Mexico objects to keeping Central Americans on its side of the border while asylum hearings are scheduled. It rightly fears that most and almost all cases will be denied by the current administration and it will have a bigger and bigger mess on its hands. At least the Corn is still moving south and other business seems to be getting done as well.
Overnight News:
Chart Analysis: Trends in Corn are mixed to up with objectives of 373 and 383 December. Support is at 363, 357, and 353 December, and resistance is at 372, 377, and 381 December. Trends in Oats are mixed to up with objectives of 288 December. Support is at 277, 275, and 274 December, and resistance is at 286, 289, and 291 December.

COT — Supplemental Report – Option and Futures Combined Positions as of September 10, 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 2,075,792
: Positions :
: 177,678 344,209 496,443 687,575 866,838 381,946 148,152 1,743,642 1,855,641: 332,150 220,151
: Changes from: September 3, 2019 (Change in open interest: 86,050) :
: 2,606 29,467 46,166 40,646 -7,342 -6,025 20,945 83,394 89,237: 2,656 -3,187
: Percent of Open Interest Represented by Each Category of Trader :
: 8.6 16.6 23.9 33.1 41.8 18.4 7.1 84.0 89.4: 16.0 10.6
: Total Traders: 940 Number of Traders in Each Category :
: 195 164 222 443 393 49 33 808 702:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 10, 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 4,952 :
: Positions :
: 1,006 3,626 135 0 0 714 375 0 1,361 0 124 :
: Changes from: September 3, 2019 :
: 9 209 -1 0 0 -20 22 0 6 -11 12 :
: Percent of Open Interest Represented by Each Category of Trader :
: 20.3 73.2 2.7 0.0 0.0 14.4 7.6 0.0 27.5 0.0 2.5 :
: Number of Traders in Each Category Total Traders: 24 :
: 7 9 . 0 0 5 . 0 6 0 . :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans and products were higher as the market reacted to positive demand news. China and the US each made concessions in front of the next round of trade talks scheduled for sometime next month, with the US waiving and increase in tariffs for a couple of weeks and China exempting Soybeans and Pork from its tariff list for now. China turned and bought about 600,000 tons of US Soybeans last week according to wire services but USDA only confirmed sales of 200,000 tons on Friday. Expectations are that more sales announcements will be made this week. The USDA production reports were a little bearish as production and yields were higher than expected by private analysts. Like Corn, the results from USDA were within the range of trade expectations and were lower than some of the estimates from the biggest private estimators. Corn and Soybeans both seem to have made at least interim lows in the last week. Corn had a reversal day up on Thursday and trends on the daily Soybeans charts turned up. It looks like prices in these markets can rally for the next few weeks until production prospects become more clear and the actual harvest comes closer.
Overnight News: China bought 256,000 tons of US Soybeans.
Chart Analysis: Trends in Soybeans are up with objectives of 907, 927, and 955 November. Support is at 893, 882, and 879 November, and resistance is at 903, 909, and 913 November. Trends in Soybean Meal are up with objectives of 303.00 and 311.00 October. Support is at 296.00, 295.00, and 291.00 October, and resistance is at 400.00, 302.00, and 306.00 October. Trends in Soybean Oil are up with objectives of 3940 and 3030 October. Support is at 2900, 2850, and 2800 October, with resistance at 2960, 3000, and 3020 October.

COT — Supplemental Report – Option and Futures Combined Positions as of September 10, 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 781,241
: Positions :
: 66,559 167,525 211,563 274,651 276,653 165,389 53,522 718,163 709,263: 63,078 71,977
: Changes from: September 3, 2019 (Change in open interest: 31,675) :
: -11,678 10,192 14,927 20,455 7,242 3,645 -389 27,350 31,973: 4,325 -297
: Percent of Open Interest Represented by Each Category of Trader :
: 8.5 21.4 27.1 35.2 35.4 21.2 6.9 91.9 90.8: 8.1 9.2
: Total Traders: 564 Number of Traders in Each Category :
: 135 137 182 184 187 45 27 469 444:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of September 10, 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 526,548
: Positions :
: 78,896 96,236 131,481 137,577 241,498 140,341 29,784 488,295 498,998: 38,253 27,550
: Changes from: September 3, 2019 (Change in open interest: 18,725) :
: 3,270 9,137 12,316 -484 -5,194 30 1,422 15,132 17,681: 3,593 1,045
: Percent of Open Interest Represented by Each Category of Trader :
: 15.0 18.3 25.0 26.1 45.9 26.7 5.7 92.7 94.8: 7.3 5.2
: Total Traders: 334 Number of Traders in Each Category :
: 93 70 120 76 77 37 21 274 251:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of September 10, 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 476,748
: Positions :
: 37,760 91,926 117,338 171,944 203,525 97,797 31,760 424,840 444,549: 51,909 32,200
: Changes from: September 3, 2019 (Change in open interest: 6,930) :
: 450 3,080 5,059 2,618 1,152 -2,798 -1,472 5,329 7,819: 1,601 -889
: Percent of Open Interest Represented by Each Category of Trader :
: 7.9 19.3 24.6 36.1 42.7 20.5 6.7 89.1 93.2: 10.9 6.8
: Total Traders: 304 Number of Traders in Each Category :
: 62 74 96 112 83 33 13 262 221:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Canola was higher yesterday in sympathy with the price action in Chicago and on hopes China will buy Canola as well as Soybeans. Reports indicate that the harvest is making good progress now. There has not been a frost or freeze yet to hurt the seed. Reports from the field indicate good yields. Palm Oil was closed for a holiday. The market appears to be in a short term and shallow correction now. Export data from the private sources has been lower so far this month. The market still expects limited upside potential, but the charts show that the market still has potential to move higher over time. 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: AmSpec said that Malaysian Palm Oil exports so far this month are 393,129 tons, down 23.2% from last month. SGS said that exports are now 337,570 tons so far this month, down 29% from last month.
Chart Analysis: Trends in Canola are mixed. Support is at 445.00, 441.00, and 437.00 November, with resistance at 448.00, 450.00, and 453.00 November. Trends in Palm Oil are mixed to down with objectives of 2140 and 2090 November. Support is at 2160, 2150, and 2120 November, with resistance at 2240, 2260, and 2270 November.

DJ Canadian Grain Handling Summary – Sep 13
WINNIPEG–The following are Canadian grain handling summary statistics
for the week ended Sept. 8, 2019. Figures in thousands of metric tons.
Source: Canadian Grain Commission.
Durum
Wheat Oats Barley Flax Canola Peas Corn Total*
COMMERCIAL STOCKS
This Week 1591.1 624.3 177.8 276.0 17.1 817.1 435.5 63.7 4428.3
Week Ago 1793.3 677.2 176.5 260.1 16.2 825.0 383.0 71.5 4621.9
Year Ago 2646.1 772.2 257.4 336.3 44.3 712.6 464.6 227.9 5918.7
PRODUCER DELIVERIES
This Week 237.8 69.3 59.3 95.2 1.7 212.5 212.0 3.3 939.2
Week Ago 223.7 55.3 62.2 84.1 1.2 263.4 173.8 8.5 966.2
To Date 1316.9 309.3 241.0 252.1 8.3 1464.8 659.7 46.9 4624.7
Year Ago 2045.2 351.3 263.0 300.0 15.5 1113.3 532.6 79.6 4940.3
TERMINAL RECEIPTS
This Week 344.9 70.5 8.6 24.8 0.0 87.9 82.8 0.1 678.9
Week Ago 348.4 115.3 1.3 1.2 0.0 141.9 44.1 0.1 702.2
To Date 1895.4 581.8 28.5 43.0 0.1 910.0 242.6 3.3 4072.8
Year Ago 2291.7 384.4 66.7 57.0 20.7 540.0 158.3 82.5 3786.5
EXPORTS
This Week 391.0 121.0 37.0 0.5 0.4 108.6 59.5 0.0 752.1
Week Ago 218.0 119.1 19.5 0.6 0.7 215.9 60.3 0.0 713.8
To Date 1628.8 495.5 109.4 32.3 6.5 867.4 213.3 12.5 3774.9
Year Ago 1679.5 274.8 146.8 83.5 38.6 585.0 70.2 164.0 3208.9
DOMESTIC DISAPPEARANCE
This Week 40.2 2.2 4.5 24.9 1.0 186.6 2.9 9.8 292.5
Week Ago 46.0 3.2 5.2 22.4 0.4 199.2 3.4 22.8 320.9
To Date 348.9 26.1 29.9 129.5 4.0 1041.5 15.5 102.9 1827.3
Year Ago 344.5 26.7 28.2 107.4 3.4 772.8 18.8 121.1 1534.5
*Totals include data from other crops not shown including rye, soybeans,
canary seed, mustard seed, beans, lentils and chickpeas.
Source: Commodity News Service Canada (news@marketsfarm.com, or 204-414-9084)

DJ Malaysia’s August Palm Oil Exports 1.73M Tons; Up 16% -MPOB
Malaysia’s palm oil exports were up 16% on month at 1.73 million metric tons in August, the Malaysian Palm Oil Board said.
The following are details of the August crop data and revised numbers for July, issued by MPOB:
August July Change
On Month
Crude Palm Oil Output 1,821,548 1,740,759 Up 4.64%
Palm Oil Exports 1,732,888 1,489,171 Up 16.37%
Palm Kernel Oil Exports 86,696 86,865 Dn 0.19%
Closing Stocks 2,251,831 2,378,099 Dn 5.31%
Crude Palm Oil 1,290,565 1,338,126 Dn 3.55%
Processed Palm Oil 961,266 1,039,973 Dn 7.57%

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 10, 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 191,547 :
: Positions :
: 150,678 50,837 3,129 2,639 911 7,434 81,629 12,435 2,637 27,665 13,400 :
: Changes from: September 3, 2019 :
: 7,683 -1,993 315 83 179 -47 7,336 2,109 257 2,769 1,081 :
: Percent of Open Interest Represented by Each Category of Trader :
: 78.7 26.5 1.6 1.4 0.5 3.9 42.6 6.5 1.4 14.4 7.0 :
: Number of Traders in Each Category Total Traders: 281 :
: 49 67 . . . 5 57 9 39 80 38 :
—————————————————————————————————————-

Midwest Weather Forecast: Mostly dry this week in the south but showers and storms in the north. Dry all areas this weekend Temperatures should be near to above normal.

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
September +32 Dec +155 Dec +70 Sep +12 Nov +12 Oct N/A
October +37 Dec +80 Dec +14 Nov
November +43 Dec +80 Dec +24 Nov
All basis levels are positive unless noted as negative

DJ ICE Canada Cash Grain Close – Sep 13
WINNIPEG — The following are the closing cash
canola prices from ICE Futures.
Source: ICE Futures
Price Basis Change
CANOLA
*Par Region 425.10 -20.00 up 6.00
Basis: Thunder Bay 459.80 10.00 up 2.70
Basis: Vancouver 469.80 17.00 up 5.70
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 – September 13
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Friday, 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 537.50 0.00 Unquoted – –
Oct 537.50 0.00 Unquoted – –
Nov 540.00 -02.50 Unquoted – –
Dec 542.50 -02.50 Unquoted – –
Jan/Feb/Mar 562.50 0.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Sep 540.00 0.00 Unquoted – –
Oct 540.00 0.00 Unquoted – –
Nov 542.50 -02.50 Unquoted – –
Dec 545.00 -02.50 Unquoted – –
Jan/Feb/Mar 565.00 0.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Sep 547.50 -02.50 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Sep 450.00 0.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Sep 2,130 -10.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Sep 141.00 -01.00 Unquoted – –
($1=MYR4.1640)

DJ China Dalian Grain Futures Closing Prices, Volume – Sep 16
Soybean No. 1
Turnover: 120,294 lots, or 4.16 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-19 – – – 3,498 3,410 3,498 88 0 0
Nov-19 3,407 3,428 3,407 3,413 3,421 3,420 -1 16 312
Jan-20 3,420 3,445 3,402 3,440 3,423 3,428 5 102,892 208,472
Mar-20 – – – 3,473 3,473 3,473 0 0 32
May-20 3,651 3,675 3,645 3,669 3,655 3,659 4 17,386 58,118
Jul-20 – – – 3,671 3,671 3,671 0 0 16
Corn
Turnover: 527,894 lots, or 9.89 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-19 – – – 1,821 1,813 1,821 8 0 0
Nov-19 1,855 1,859 1,845 1,851 1,843 1,849 6 48,512 324,404
Jan-20 1,872 1,883 1,866 1,869 1,868 1,871 3 434,832 1,151,932
Mar-20 1,899 1,900 1,888 1,888 1,885 1,891 6 502 4,926
May-20 1,936 1,942 1,925 1,929 1,928 1,931 3 43,598 289,714
Jul-20 1,954 1,956 1,941 1,941 1,941 1,948 7 450 1,874
Soymeal
Turnover: 1,176,324 lots, or 33.26 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-19 – – – 3,007 2,862 3,007 145 0 0
Nov-19 2,932 2,932 2,866 2,879 2,891 2,879 -12 57,264 263,276
Dec-19 2,871 2,887 2,864 2,864 2,876 2,872 -4 828 2,546
Jan-20 2,822 2,852 2,810 2,845 2,841 2,841 0 911,088 1,930,424
Mar-20 2,810 2,821 2,804 2,821 2,822 2,812 -10 30 764
May-20 2,750 2,762 2,728 2,759 2,739 2,755 16 206,982 764,230
Jul-20 2,760 2,767 2,759 2,765 2,743 2,762 19 132 1,882
Aug-20 – – – 2,778 2,766 2,778 12 0 142
Palm Oil
Turnover: 648,682 lots, or 31.85 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-19 – – – 4,712 4,634 4,712 78 16 0
Oct-19 – – – 4,668 4,668 4,668 0 0 6
Nov-19 – – – 4,810 4,810 4,810 0 0 8
Dec-19 – – – 4,818 4,634 4,818 184 0 6
Jan-20 4,820 4,944 4,820 4,884 4,806 4,888 82 581,018 544,472
Feb-20 – – – 4,980 4,904 4,980 76 0 716
Mar-20 – – – 5,062 4,978 5,062 84 0 2
Apr-20 5,062 5,062 5,062 5,062 5,080 5,062 -18 2 2
May-20 5,050 5,142 5,030 5,104 5,012 5,096 84 67,646 118,904
Jun-20 – – – 5,124 5,040 5,124 84 0 6
Jul-20 – – – 5,160 5,076 5,160 84 0 604
Aug-20 – – – 5,172 5,088 5,172 84 0 2
Soybean Oil
Turnover: 651,332 lots, or 39.79 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-19 – – – 5,974 6,044 5,974 -70 0 0
Nov-19 – – – 6,078 6,078 6,078 0 0 4
Dec-19 – – – 6,070 6,070 6,070 0 0 20
Jan-20 6,100 6,148 6,074 6,114 6,062 6,114 52 559,972 884,220
Mar-20 6,168 6,168 6,168 6,168 6,110 6,168 58 2 520
May-20 6,016 6,100 6,016 6,092 6,008 6,072 64 91,358 232,368
Jul-20 – – – 6,086 6,022 6,086 64 0 526
Aug-20 – – – 6,228 6,164 6,228 64 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