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 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. Yield estimates are in bushels per acre and harvested acres are in million acres. The U.S. Department of Agriculture is scheduled to release its monthly estimates at noon on Thursday.
U.S. 2019 Production (million bushels, bushels per acre)
Average Range USDA Sept. USDA 2018
Corn Production 13,611 13,173-13,758 13,799 14,420
Corn Yield 166.8 164.5-169.3 168.2 176.4
Harvested Acres 81.5 80.1-82.0 82.0 81.7
Soybean Production 3,571 3,473-3,634 3,633 4,544
Soybean Yield 47.1 46.0-48.1 47.9 51.6
Harvested Acres 75.8 74.5-77.2 75.9 88.1
Corn harvested Soybean Harvested
Production Yield Acres Production Yield Acres
Advanced Market 13,446 166.0 81.0 3,548 47.0 75.5
AgriSource 13,688 166.7 82.0 3,551 46.8 75.9
Allendale 13,755 167.7 N/A 3,604 47.5 N/A
DC Analysis 13,678 166.8 82.0 3,593 47.4 75.9
Doane 13,500 165.0 81.8 3,565 47.0 75.9
EDF Man 13,735 167.5 82.0 3,567 47.0 75.9
Farm Futures 13,758 167.9 82.0 3,634 47.9 75.9
Grain Cycles 13,738 167.5 82.0 3,604 47.5 75.9
INTL FCStone 13,646 169.3 80.6 3,583 48.1 74.5
Kapco Futures 13,724 168.2 81.6 3,593 47.7 75.3
Sid Love Consulting 13,325 164.5 81.0 3,567 47.0 75.9
North Star Commodity 13,732 168.5 81.5 3,574 47.1 75.9
Prime Ag 13,570 166.5 81.5 3,529 46.5 75.9
RJO Brien 13,653 166.5 N/A 3,559 46.9 N/A
RMC 13,529 166.0 81.5 3,473 46.0 75.5
US Commodities 13,653 166.5 82.0 3,582 47.2 75.9
VantageRM 13,694 167.0 82.0 3,567 47.0 75.9
Western Milling 13,173 164.5 80.1 3,591 46.5 77.2

DJ U.S. October Grain, Soybean Stockpiles Estimates — Survey
CHICAGO–The following are analysts’ estimates in millions of bushels for U.S. ending stockpiles for 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 Thursday at noon ET.
U.S. Stockpiles (millions)
2019-20
Average Range USDA Sept.
Corn 1,684 1,257-1,963 2,190
Soybeans 510 388-584 640
Wheat 1,014 965-1,054 1,014
2019-20
Corn Soybeans Wheat
Advanced Market Concepts 1,450 505 1,005
AgriSource 1,727 448 1,025
Allendale 1,905 582 1,037
DC Analysis 1,597 505 1,004
Doane 1,600 465 1005
EDF Man 1,794 482 1,026
Farm Futures 1,963 533 1,047
Grain Cycles 1,762 552 1,017
INTL FCStone 1,665 584 1,002
Kapco Futures 1,758 520 1,010
Sid Love Consulting 1,489 500 984
North Star Commodity 1,842 535 980
Prime-Ag 1,779 469 1,025
RJO Brien 1,612 510 1,054
RMC 1,689 388 1,025
US Commodities 1,612 498 1,041
VantageRM 1,808 581 999
Western Milling 1,257 521 965

DJ October 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 Thursday at noon ET.
World Stockpiles (million metric tons)
2018-19
Average Range USDA Sept.
Corn 323.8 319.0-330.0 329.6
Soybeans 110.7 109.0-113.0 112.4
Wheat 277.5 276.0-280.0 277.2
2019-20
Average Range USDA Sept.
Corn 296.1 291.0-301.0 306.3
Soybeans 96.9 92.3-108.8 99.2
Wheat 285.7 280.5-288.7 286.5
2018-19 2019-20
Corn Soybeans Wheat Corn Soybeans Wheat
Advanced Market 319.0 109.0 276.0 296.0 97.0 283.0
Allendale 322.2 110.6 278.5 300.9 97.8 288.7
Doane 321.0 110.0 277.5 292.5 95.0 285.5
EDF Man N/A N/A N/A 296.0 95.0 284.0
Farm Futures N/A N/A N/A 298.0 96.3 286.7
INTL FCStone 321.0 113.0 276.3 295.8 108.8 286.9
North Star Comm 330.0 112.0 277.2 301.0 95.5 286.0
Prime-Ag 320.0 111.0 278.0 294.0 95.0 287.0
RMC 321.2 109.8 280.0 291.4 92.3 287.5
US Commodities 329.6 109.1 277.2 291.0 95.1 280.5
Western Milling 330.0 112.0 277.2 301.0 98.0 287.0

DJ CBOT Delivery Intentions: Totals – Oct 7
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL October Oct. 08, 2019 281 Oct 03, 2019
SOYBEAN OIL October Oct. 08, 2019 25 Sep 27, 2019

WHEAT
General Comments: Wheat markets were mixed last week, with Chicago SRW prices a little higher and Chicago HRW and Minneapolis Spring Wheat prices a little lower. The weakness was mostly in the Minneapolis market last week and came in response to a freeze and snow even that happened in the northern Great Plains and in western Canada in the previous weekend. It was a big storm but did not seem to cause a lot of damage to the remaining Spring Wheat. The Spring Wheat harvest is almost done in the US but there was still enough harvest left that USDA announced it would make another survey for the November report. It estimated the Spring crop at about 600 million bushels but this number will change. The harvest has been very slow in Canada this year as well and it is starting to get cold in the Prairies. It is that time of year! The Winter Wheat crop is getting planted in the central and southern Great Plains as well and probably also in the Pacific Northwest. Southern Midwest Wheat will be planted soon as the Soybeans harvest is finally getting underway. USDA will issue another monthly supply and demand update on Thursday but few changes in ending stocks levels are anticipated for this month. The Small Grains production report showed Winter Wheat production about as expected and uncertain Spring Wheat and Durum estimates that will be revised next month.
Overnight News: The southern Great Plains should get showers and storms. Temperatures should be variable. Northern areas should see a big storm hit by midweek. Temperatures should be below normal. The Canadian Prairies should see mostly dry weather after the ig storm moves out in the next day or two.. Temperatures should be below normal. China bought 130,000 tons of White Wheat from the US.
Chart Analysis: Trends in Chicago are mixed to up with objectives of 502, 506, and 522 December. Support is at 485, 481, and 478 December, with resistance at 501, 506, and 512 December. Trends in Kansas City are mixed. Support is at 401, 399, and 397 December, with resistance at 410, 414, and 420 December. Trends in Minneapolis are mixed to down with objectives of 516 December. Support is at 531, 522, and 518 December, and resistance is at 546, 550, and 552 December.

COT — Supplemental Report – Option and Futures Combined Positions as of October 01, 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 468,623
: Positions :
: 58,939 101,177 170,313 66,301 100,183 145,277 55,111 440,830 426,785: 27,793 41,838
: Changes from: September 24, 2019 (Change in open interest: 21,959) :
: 2,467 737 14,370 5,259 5,473 100 920 22,196 21,501: -236 458
: Percent of Open Interest Represented by Each Category of Trader :
: 12.6 21.6 36.3 14.1 21.4 31.0 11.8 94.1 91.1: 5.9 8.9
: Total Traders: 340 Number of Traders in Each Category :
: 76 107 112 77 93 43 22 261 278:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of October 01, 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 331,819
: Positions :
: 62,687 83,756 95,857 84,441 105,318 58,186 28,375 301,170 313,305: 30,649 18,514
: Changes from: September 24, 2019 (Change in open interest: 11,760) :
: 6,446 -370 5,969 860 3,868 -2,448 2,699 10,826 12,166: 934 -405
: Percent of Open Interest Represented by Each Category of Trader :
: 18.9 25.2 28.9 25.4 31.7 17.5 8.6 90.8 94.4: 9.2 5.6
: Total Traders: 287 Number of Traders in Each Category :
: 86 50 67 96 81 30 15 240 190:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 1, 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 74,178 :
: Positions :
: 43,782 35,518 914 224 662 2,086 14,531 2,414 5,912 1,669 5,611 :
: Changes from: September 24, 2019 :
: 162 5,921 2 224 -138 122 -6,962 387 -309 -274 924 :
: Percent of Open Interest Represented by Each Category of Trader :
: 59.0 47.9 1.2 0.3 0.9 2.8 19.6 3.3 8.0 2.2 7.6 :
: Number of Traders in Each Category Total Traders: 98 :
: 50 36 4 . 5 7 7 5 12 7 12 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 1, 2019
: Reportable Positions :
:————————————————————————————————————- :
: Producer/Merchant : : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables :
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading :
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BLACK SEA WHEAT FINANCIAL – CHICAGO BOARD OF TRADE 50 Metric Tons :
CFTC Code #00160F Open Interest is 16,073 :
: Positions :
: 4,632 12,658 2,016 0 206 6,616 846 704 1,079 1,300 64 :
: Changes from: September 24, 2019 :
: 310 109 -74 0 0 -354 46 141 228 0 -50 :
: Percent of Open Interest Represented by Each Category of Trader :
: 28.8 78.8 12.5 0.0 1.3 41.2 5.3 4.4 6.7 8.1 0.4 :
: Number of Traders in Each Category Total Traders: 25 :
: 8 12 . 0 . . . . . . . :
—————————————————————————————————————-

RICE
General Comments: Rice was lower last week as the market sensed less demand and as the harvest moved to and past the halfway point. Harvest activities are about over in Gulf Coast areas with many producers reporting less production than last year. Smut has been a big problem in Texas although quality reports have held up. Mississippi yields are reported as variable and the crop is grading mostly #2. Arkansas yield reports are unknown at this point but quality reports indicate that a very high quality crop is being harvested. Demand for long grains in the export market has been strong and Mexico has been a particularly active buyer. Demand has waned a bit on the recent rally but prices are still competitive and sales have not been very bad at all. Asian prices have been mixed with Vietnamese prices very weak. It looks like the country has a big oversupply this year and export prices have been discounted. Prices are so cheap that some countries such as Philippines are thinking of imposing controls to support their own producers. USDA will issue new production and supply and demand reports and most look for another cut in production. Less production and unchanged demand could make for a very interesting market this year but USDA will probably cut demand if stocks projections are too tight.
Overnight News: The Delta should get mostly dry conditions this week except for some showers today. Temperatures should be above normal.
Chart Analysis: Trends are down with objectives of 1147 and 1111 November. Support is at 1155, 1143, and 1126 November, with resistance at 1179, 1183, and 1187 November.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 1, 2019
: Reportable Positions :
:————————————————————————————————————- :
: Producer/Merchant : : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables :
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading :
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ROUGH RICE – CHICAGO BOARD OF TRADE (CONTRACTS OF 200,000 POUNDS) :
CFTC Code #039601 Open Interest is 11,642 :
: Positions :
: 5,563 6,839 111 246 0 2,134 403 0 362 1,455 1,577 :
: Changes from: September 24, 2019 :
: 110 -198 -3 0 0 -334 16 0 13 54 128 :
: Percent of Open Interest Represented by Each Category of Trader :
: 47.8 58.7 1.0 2.1 0.0 18.3 3.5 0.0 3.1 12.5 13.5 :
: Number of Traders in Each Category Total Traders: 52 :
: 13 16 . . 0 9 . 0 . 16 13 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn and Oats both closed higher last week. Futures rallied in response to the USDA quarterly stocks reports that showed less Corn in the country than anticipated. There is still more than 2.0 billion bushels of Corn out there, but the final total was almost 400 million bushels less than anticipated. The report has important ramifications for the coming crop year as well as the September estimate serves as ending stocks for the 2018-19 season and beginning stocks for the 2019-20 marketing year. It means that the potential is there for lower ending stocks than original projections in the supply and demand estimates on Thursday. USDA will also issue a production estimate but probably has no real idea of what is going to be the final production as the harvest is just now getting underway in most of the country. Yields so far have been good in parts of Iowa and fin a few places east of the Mississippi River, but below historical averages in many areas east of the river. Demand for US Corn has also been disappointing so far this year. The export pace is down to almost half of last year and ethanol demand has been lower than last year. Demand for ethanol will remain weaker due to the waivers granted to 31 refineries by the Trump administration a few weeks ago. The government announced plans to restore a part of this lost demand but the relief will not come right away and will take months if not years to reach down to Corn producers and processors.
Overnight News:
Chart Analysis: Trends in Corn are mixed to up with objectives of 397 December. Support is at 381, 377, and 375 December, and resistance is at 392, 393, and 397 December. Trends in Oats are up with objectives of 290 and 307 December. Support is at 285, 284, and 279 December, and resistance is at 290, 293, and 294 December.

COT — Supplemental Report – Option and Futures Combined Positions as of October 01, 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 2,042,308
: Positions :
: 177,553 322,663 502,991 626,628 834,274 382,818 169,394 1,689,990 1,829,322: 352,318 212,987
: Changes from: September 24, 2019 (Change in open interest: 29,507) :
: 16,537 -23,459 14,138 -19,512 30,134 8,636 9,682 19,799 30,494: 9,708 -987
: Percent of Open Interest Represented by Each Category of Trader :
: 8.7 15.8 24.6 30.7 40.8 18.7 8.3 82.7 89.6: 17.3 10.4
: Total Traders: 898 Number of Traders in Each Category :
: 182 163 222 417 392 48 31 768 694:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 1, 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 5,725 :
: Positions :
: 1,509 4,443 134 0 0 800 227 0 1,390 163 127 :
: Changes from: September 24, 2019 :
: 58 -83 0 0 0 -85 39 0 6 64 13 :
: Percent of Open Interest Represented by Each Category of Trader :
: 26.4 77.6 2.3 0.0 0.0 14.0 4.0 0.0 24.3 2.9 2.2 :
: Number of Traders in Each Category Total Traders: 25 :
: 7 9 . 0 0 5 . 0 4 . . :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans and Soybean Meal were sharply higher as China bought US Soybeans in anticipation of good progress in trade talks that will continue this Thursday and Friday. The market also reacted to the USDA quarterly stocks report that showed significantly less stocks than the market had expected. USDA overestimated both the Corn and Soybeans crops last year and was able to change Soybeans production estimates on Monday in response to the final stocks estimates. Corn estimates can only be changed in January. Traders are waiting now for the next round of production and supply and demand reports that will be released on Thursday. Harvest activities are only now getting started so the data that USDA will have to work with on production will be less than normal. Initial yield reports have not been real strong so USDA can find less but just how much less is still a big question. USDA will also have to work with the demand side of the ledger as trade problems still need o be resolved. Demand so far has been good but how USDA sees demand is an open question. Either way, the potential for reduced ending stocks is great and these ideas should help support futures prices this week.
Overnight News: Unknown destinations bought 240,000 tons of US Soybeans. China bought 198,000 tons of US Soybeans.
Chart Analysis: Trends in Soybeans are up with objectives of 925, 927, and 935 November. Support is at 908, 905, and 899 November, and resistance is at 924, 936, and 941 November. Trends in Soybean Meal are mixed to up with objectives of 310.00 and 324.00 December. Support is at 302.00, 297.00, and 296.00 December, and resistance is at 306.00, 309.00, and 311.00 December. Trends in Soybean Oil are up with objectives of 3050 December. Support is at 2950, 2930, and 2920 December, with resistance at 3020, 3040, and 3050 December.

COT — Supplemental Report – Option and Futures Combined Positions as of October 01, 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 850,859
: Positions :
: 88,307 114,682 233,210 278,082 379,537 181,467 52,918 781,065 780,347: 69,794 70,512
: Changes from: September 24, 2019 (Change in open interest: 45,379) :
: 16,391 -17,916 11,065 6,138 49,158 6,688 2,031 40,283 44,338: 5,097 1,041
: Percent of Open Interest Represented by Each Category of Trader :
: 10.4 13.5 27.4 32.7 44.6 21.3 6.2 91.8 91.7: 8.2 8.3
: Total Traders: 590 Number of Traders in Each Category :
: 142 129 200 199 203 47 29 506 465:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of October 01, 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 512,020
: Positions :
: 75,340 66,883 138,786 121,104 245,394 138,047 32,731 473,278 483,795: 38,742 28,225
: Changes from: September 24, 2019 (Change in open interest: -14,573) :
: -4,106 1,681 -2,511 1,109 -13,956 -10,622 366 -16,130 -14,420: 1,557 -153
: Percent of Open Interest Represented by Each Category of Trader :
: 14.7 13.1 27.1 23.7 47.9 27.0 6.4 92.4 94.5: 7.6 5.5
: Total Traders: 334 Number of Traders in Each Category :
: 86 68 128 75 73 37 19 278 249:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of October 01, 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 446,938
: Positions :
: 49,559 87,894 104,289 142,867 189,716 95,988 35,988 392,703 417,887: 54,235 29,051
: Changes from: September 24, 2019 (Change in open interest: -18,348) :
: 6,715 -6,668 -8,316 -18,102 -4,477 -128 1,037 -19,831 -18,423: 1,483 75
: Percent of Open Interest Represented by Each Category of Trader :
: 11.1 19.7 23.3 32.0 42.4 21.5 8.1 87.9 93.5: 12.1 6.5
: Total Traders: 302 Number of Traders in Each Category :
: 65 66 95 99 84 35 14 254 218:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Canola was higher on slow harvest progress and fund buying. Support also came from the rally in Chicago Soybean Oil. Snow was reported in western areas over the weekend but dry conditions are expected through the end of the week. Reports indicate that the harvest is only about one-third complete. Palm Oil was a little higher on stronger outside markets and nothing new in the newswires. Vegetable oils and Crude Oil are firm today. Traders anticipated improved export demand for the first third of the month when private surveyors release estimates. The charts show that futures have rejected a new move lower and are back inside the bottoming range. Higher competing vegetable oils could spark a rally in Palm Oil later this week.
Overnight News:
Chart Analysis: Trends in Canola are up with objectives of 465.00 and 476.00 November. Support is at 455.00, 451.00, and 450.00 November, with resistance at 463.00, 468.00, and 470.00 November. Trends in Palm Oil are mixed. Support is at 2130, 2120, and 2100 December, with resistance at 2180, 2200, and 2220 December.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 1, 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 220,875 :
: Positions :
: 178,021 86,632 1,776 1,910 2,725 4,366 69,295 14,549 3,134 28,528 15,259 :
: Changes from: September 24, 2019 :
: 2,326 6,326 -1,640 -120 1,023 -1,349 -1,599 -430 1,453 -3,526 -190 :
: Percent of Open Interest Represented by Each Category of Trader :
: 80.6 39.2 0.8 0.9 1.2 2.0 31.4 6.6 1.4 12.9 6.9 :
: Number of Traders in Each Category Total Traders: 286 :
: 57 74 . . 4 10 46 9 39 83 35 :
—————————————————————————————————————-

DJ Canadian Grain Handling Summary – Oct 4
By MarketsFarm
Winnipeg, Oct. 4 (MarketsFarm) – The following are Canadian grain
handling summary statistics for the week ended September 29, 2019. Figures in
thousands of metric tons.
Source: Canadian Grain Commission.
Durum
Wheat Oats Barley Flax Canola Peas Corn Total*
COMMERCIAL STOCKS
This Week 1985.0 645.9 198.6 376.2 16.3 894.7 454.1 50.0 5015.0
Week Ago 1769.2 558.1 182.4 352.0 16.1 799.6 484.8 52.2 4671.7
Year Ago 3073.9 877.7 280.1 360.8 49.0 1034.1 443.4 233.4 6840.5
PRODUCER DELIVERIES
This Week 698.8 112.5 92.5 90.4 2.3 489.5 107.8 3.8 1648.8
Week Ago 551.7 142.8 84.5 104.4 2.2 396.6 160.6 5.5 1499.2
To Date 2917.7 629.6 475.8 541.5 14.0 2543.9 1085.7 66.9 8737.8
Year Ago 3457.5 574.1 425.3 511.7 25.9 2385.1 765.0 103.0 8774.2
TERMINAL RECEIPTS
This Week 315.6 163.9 18.9 49.8 0.1 184.7 143.0 1.9 920.2
Week Ago 242.5 86.0 7.5 22.3 0.5 126.2 142.9 1.9 692.8
To Date 2820.1 946.4 75.7 148.9 0.7 1326.7 680.3 7.2 6567.2
Year Ago 3885.3 533.2 89.3 219.3 20.7 1125.4 376.1 127.2 6706.5
EXPORTS
This Week 278.7 90.0 54.2 55.8 0.7 111.1 191.3 0.0 871.5
Week Ago 356.0 37.8 38.0 41.4 0.2 127.7 102.2 0.0 751.4
To Date 2455.5 758.0 243.6 157.8 7.7 1148.7 606.2 12.5 6007.0
Year Ago 2858.3 466.4 299.0 127.1 40.7 979.1 354.4 237.8 5640.3
DOMESTIC DISAPPEARANCE
This Week 114.7 20.0 12.4 20.1 1.1 223.6 4.2 13.1 433.6
Week Ago 87.9 3.0 5.3 22.9 0.8 183.2 3.4 10.2 336.2
To Date 684.8 52.4 53.1 198.1 6.5 1605.1 27.3 146.0 2966.4
Year Ago 616.0 51.3 43.1 175.2 6.0 1269.5 26.7 190.9 2563.0

Midwest Weather Forecast: Showers possible later this weekend. Temperatures should average near to below normal early this week and below normal by this weekend.

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
October +30 Dec +165 Dec +65 Sep +28 Nov +12 Dec N/A
November +42 Dec +82 Dec +37 Nov
December +50 Dec +82 Dec +36 Jan
All basis levels are positive unless noted as negative

DJ ICE Canada Cash Grain Close – Oct 4
By MarketsFarm
WINNIPEG, Oct. 4 (MarketsFarm) – The following are the closing
cash canola prices from ICE Futures for Friday, Oct. 4.
Source: ICE Futures
CANOLA
1 Canada NCC Best Bid
Spot Price Basis Contract Change
*Par Region 437.20 -22.00 Nov 2019 up 3.50
Track Thunder Bay 470.70 10.00 Nov 2019 up 1.50
Track Vancouver 480.70 20.00 Nov 2019 up 1.50
All prices in Canadian dollars per metric ton.

DJ Malaysian PM Cash Market Prices for Palm Oil – Oct 7
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Monday, 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
Oct 525.00 +02.50 Unquoted – –
Nov 527.50 +02.50 Unquoted – –
Dec 537.50 +02.50 Unquoted – –
Jan/Feb/Mar 555.00 00.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Oct 525.00 +02.50 Unquoted – –
Nov 527.50 +02.50 Unquoted – –
Dec 537.50 +02.50 Unquoted – –
Jan/Feb/Mar 557.50 00.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Oct 525.00 +02.50 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Oct 430.00 00.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Oct 2,110.00 00.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Oct 140.00 00.00 Unquoted – –
($1=MYR4.1935)

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