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 – Oct 14
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL October Oct. 15, 2019 66 Oct 11, 2019
SOYBEAN OIL October Oct. 15, 2019 8 Oct 04, 2019

WHEAT
General Comments: Wheat markets were higher last week with much of the buying seen on Friday as the market reversed the moves lower seen on Thursday. The charts suggest that higher prices are coming this week. Futures were supported by the very cold weather and snow that moved through parts of the Great Plains and the western half of the Midwest. The snow buried some of the remaining Spring Wheat harvest and made planting the Winter Wheat that much more difficult. Some of the Spring Wheat will be lost or will see reduced quality. The weather will start to moderate this week but the damage has been done. Wheat in the Canadian Prairies has seen the same wet and cold weather and reports of yield and quality losses are now being heard. Winter Wheat planting is slow in parts of Europe, mostly France, due to dry weather. The world cash market is a little more animated now with Egypt paying higher prices to secure higher volumes of Wheat from Ukraine and Russia in the past week. Export demand for US Wheat has been fair.
Overnight News: The southern Great Plains should get mostly dry weather this week. Temperatures should be variable. Northern areas should see mostly dry conditions. Temperatures should be below normal. The Canadian Prairies should see mostly dry weather. Temperatures should be below normal.
Chart Analysis: Trends in Chicago are up with objectives of 521, 522, and 538 December. Support is at 504, 501, and 497 December, with resistance at 512, 515, and 522 December. Trends in Kansas City are up with objectives of 425, 433, and 434 December. Support is at 417, 414, and 401 December, with resistance at 425, 428, and 433 December. Trends in Minneapolis are up with objectives of 564 and 581 December. Support is at 541, 536, and 534 December, and resistance is at 550, 552, and 557 December.

COT — Supplemental Report – Option and Futures Combined Positions as of October 08, 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 492,001
: Positions :
: 53,282 96,723 180,441 69,814 105,069 158,895 67,096 462,432 449,329: 29,569 42,672
: Changes from: October 1, 2019 (Change in open interest: 23,379) :
: -5,657 -4,454 10,128 3,512 4,885 13,619 11,986 21,602 22,545: 1,777 834
: Percent of Open Interest Represented by Each Category of Trader :
: 10.8 19.7 36.7 14.2 21.4 32.3 13.6 94.0 91.3: 6.0 8.7
: Total Traders: 355 Number of Traders in Each Category :
: 70 116 118 81 99 46 25 276 291:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of October 08, 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 338,159
: Positions :
: 60,130 83,301 94,299 88,572 107,002 62,435 34,601 305,436 319,203: 32,723 18,956
: Changes from: October 1, 2019 (Change in open interest: 6,340) :
: -2,557 -454 -1,558 4,132 1,684 4,249 6,226 4,266 5,898: 2,074 442
: Percent of Open Interest Represented by Each Category of Trader :
: 17.8 24.6 27.9 26.2 31.6 18.5 10.2 90.3 94.4: 9.7 5.6
: Total Traders: 290 Number of Traders in Each Category :
: 78 56 73 97 80 33 14 243 196:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 8, 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 70,148 :
: Positions :
: 40,943 34,731 915 223 684 1,844 13,621 1,767 6,171 1,244 5,199 :
: Changes from: October 1, 2019 :
: -2,839 -787 1 -1 22 -242 -910 -647 259 -425 -412 :
: Percent of Open Interest Represented by Each Category of Trader :
: 58.4 49.5 1.3 0.3 1.0 2.6 19.4 2.5 8.8 1.8 7.4 :
: Number of Traders in Each Category Total Traders: 95 :
: 49 37 4 . 5 6 7 4 13 6 12 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 8, 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 12,143 :
: Positions :
: 2,573 9,008 1,069 0 201 5,615 700 700 1,427 1,300 39 :
: Changes from: October 1, 2019 :
: -2,059 -3,651 -946 0 -5 -1,001 -146 -4 348 0 -25 :
: Percent of Open Interest Represented by Each Category of Trader :
: 21.2 74.2 8.8 0.0 1.7 46.2 5.8 5.8 11.8 10.7 0.3 :
: Number of Traders in Each Category Total Traders: 24 :
: 7 12 . 0 . . . . . . . :
—————————————————————————————————————-

RICE
General Comments: Rice was higher and held its ground in the face of the USDA reports. USDA raised yield estimates and production for all classes of Rice. The notable yield increases were seen in Arkansas, Texas, and California. It left demand unchanged for increased ending stocks and slightly lower farm prices. It also increased world production slightly. The estimates this month for production were a little higher, but overall production remains well below last year. Ending stocks are expected to remain well below 2018 levels for Long Grain, but above those levels for Medium and Short Grain. The potential for tight supplies in Long Grain Rice are there and should support futures prices. The harvest is winding down in all areas except California and field yields appear to be generally below last year. Milling quality is said to be lower on later harvested Rice but was very good for the early harvested Rice. Basis levels are reported to be firmer as the harvest comes to an end and the Rice gets put in on farm storage. The charts maintain a bullish outlook but many short-term objectives have already been hit.
Overnight News: The Delta should get mostly dry conditions this week. Temperatures should be near to above normal.
Chart Analysis: Trends are up with no objectives. Support is at 1200, 1188, and 1183 November, with resistance at 1220, 1226, and 1227 November.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 8, 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 11,178 :
: Positions :
: 5,862 6,585 110 246 0 1,164 637 0 430 1,071 1,540 :
: Changes from: October 1, 2019 :
: 299 -254 -1 0 0 -970 234 0 68 -384 -38 :
: Percent of Open Interest Represented by Each Category of Trader :
: 52.4 58.9 1.0 2.2 0.0 10.4 5.7 0.0 3.8 9.6 13.8 :
: Number of Traders in Each Category Total Traders: 49 :
: 14 17 . . 0 5 . 0 8 10 12 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn and Oats both closed higher last week. It was primarily a weather based rally as a severe storm moved through the Great Plains and the western Midwest and ended the growing season for a lot of producers in these areas. It was an unusually cold end of the week and weekend in these areas, but temperatures are starting to moderate. Demand remains hard to find and this was reflected fin the USDA reports released on Thursday. USDA found slightly higher yield potential for the crop against expectations of a slight trim in yield. USDA also made some big cuts to export and industrial demand. It looked at the slow pace for both for the first month of the year to make the move. The estimates might be closer to the reality of the situation but it was a big move for so early in the marketing year. Corn futures made a hook reversal to close at new highs for the move on Friday and this is often a bullish indicator for prices this week. December Corn futures could eventually trade to levels above 430 per bushel. The weekly charts in Oats indicate potential for a longer term rally in prices.
Overnight News:
Chart Analysis: Trends in Corn are up with objectives of 404, 414, and 433 December. Support is at 395, 393, and 388 December, and resistance is at 401, 403, and 409 December. Trends in Oats are up with objectives of 304 December. Support is at 284, 281, and 279 December, and resistance is at 293, 294, and 299 December.

COT — Supplemental Report – Option and Futures Combined Positions as of October 08, 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 2,110,757
: Positions :
: 167,614 288,009 537,480 630,914 884,562 413,730 179,811 1,749,737 1,889,862: 361,020 220,895
: Changes from: October 1, 2019 (Change in open interest: 68,448) :
: -9,939 -34,654 34,488 4,286 50,289 30,912 10,417 59,747 60,540: 8,702 7,909
: Percent of Open Interest Represented by Each Category of Trader :
: 7.9 13.6 25.5 29.9 41.9 19.6 8.5 82.9 89.5: 17.1 10.5
: Total Traders: 903 Number of Traders in Each Category :
: 190 153 220 430 394 51 31 785 691:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 8, 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 6,002 :
: Positions :
: 1,515 4,801 133 0 0 985 64 4 1,381 142 134 :
: Changes from: October 1, 2019 :
: 6 358 -1 0 0 185 -163 4 -9 -22 7 :
: Percent of Open Interest Represented by Each Category of Trader :
: 25.2 80.0 2.2 0.0 0.0 16.4 1.1 0.1 23.0 2.4 2.2 :
: Number of Traders in Each Category Total Traders: 26 :
: 7 9 . 0 0 6 . . 4 . . :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans and Soybean Meal were higher in response to the USDA monthly updates and as China bought US Soybeans in anticipation of good progress in trade talks that were held Thursday and Friday. The buying was justified as President Trump announced a partial deal that allowed China to buy US agricultural products and held tariff increases from the US in check. There will be more meetings to find a more comprehensive deal that can be signed by both presidents late this year. The new agreement is good for both sides as it takes US producers off the hook and allows them to start selling again to the worlds and the American farmer’s biggest and best customer. Ideas are that China will start to buy Soybeans and meats, especially pork, and perhaps more Wheat. The USDA reports were considered bullish. USDA showed less product ion and also showed a small increase in domestic demand for lower than expected ending stocks. Prices reacted positively to positive news. Now the market will start to listen to yield reports from the country for both Soybeans and Corn to see if the lower yields are justified. It is possible that yields for both products will be lower than the latest USDA estimates. The market will also start to keep a closer eye on the weather in South America. It has been too dry in parts of central and northern Brazil and the planting progress has been delayed. There are forecasts for more rains to allow better planting progress appearing in the next couple of weeks.
Overnight News:
Chart Analysis: Trends in Soybeans are up with objectives of 935, 942, and 945 November. Support is at 924, 919, and 911 November, and resistance is at 941, 943, and 948 November. Trends in Soybean Meal are up with objectives of 317.00, 320.00, and 324.00 December. Support is at 309.00, 306.00, and 304.00 December, and resistance is at 312.00, 315.00, and 320.00 December. Trends in Soybean Oil are mixed to 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 08, 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 858,088
: Positions :
: 88,211 107,226 228,041 268,116 389,735 197,604 60,867 781,971 785,870: 76,117 72,219
: Changes from: October 1, 2019 (Change in open interest: 7,229) :
: -96 -7,456 -5,168 -9,966 10,198 16,137 7,949 906 5,523: 6,324 1,706
: Percent of Open Interest Represented by Each Category of Trader :
: 10.3 12.5 26.6 31.2 45.4 23.0 7.1 91.1 91.6: 8.9 8.4
: Total Traders: 593 Number of Traders in Each Category :
: 149 116 201 204 213 50 31 503 483:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of October 08, 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 505,406
: Positions :
: 66,143 52,291 130,396 120,632 261,620 149,898 32,167 467,069 476,476: 38,336 28,930
: Changes from: October 1, 2019 (Change in open interest: -6,614) :
: -9,197 -14,592 -8,390 -472 16,226 11,851 -563 -6,208 -7,319: -406 705
: Percent of Open Interest Represented by Each Category of Trader :
: 13.1 10.3 25.8 23.9 51.8 29.7 6.4 92.4 94.3: 7.6 5.7
: Total Traders: 328 Number of Traders in Each Category :
: 83 71 125 78 77 38 21 275 250:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of October 08, 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 445,811
: Positions :
: 42,320 78,258 108,606 137,634 194,247 100,748 33,883 389,309 414,995: 56,502 30,816
: Changes from: October 1, 2019 (Change in open interest: -1,127) :
: -7,239 -9,636 4,318 -5,233 4,531 4,760 -2,105 -3,394 -2,892: 2,267 1,765
: Percent of Open Interest Represented by Each Category of Trader :
: 9.5 17.6 24.4 30.9 43.6 22.6 7.6 87.3 93.1: 12.7 6.9
: Total Traders: 293 Number of Traders in Each Category :
: 56 71 95 94 83 35 13 241 219:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Canola was a little higher with Chicago, but a little lower for the week. Support came from firm prices in Chicago Soybean Oil, Soybeans, and Soybean Meal. Snow is expected in Manitoba today but cold weather are expected through the weekend. Reports indicate that the harvest is only about one-third complete. Palm Oil was lower on weakness in petroleum futures and worries that weaker export demand would continue. 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 mixed to up with objectives of 465.00 and 476.00 November. Support is at 459.00, 455.00, and 451.00 November, with resistance at 465.00, 468.00, and 469.00 November. Trends in Palm Oil are mixed to up with objectives of 2320 and 2380 December. Support is at 2180, 2150, and 2130 December, with resistance at 2220, 2240, and 2270 December.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 8, 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 209,867 :
: Positions :
: 166,278 96,886 1,419 1,826 2,673 4,691 46,408 14,457 4,871 31,422 14,351 :
: Changes from: October 1, 2019 :
: -11,744 10,254 -356 -84 -53 325 -22,887 -92 1,738 2,895 -908 :
: Percent of Open Interest Represented by Each Category of Trader :
: 79.2 46.2 0.7 0.9 1.3 2.2 22.1 6.9 2.3 15.0 6.8 :
: Number of Traders in Each Category Total Traders: 286 :
: 59 79 . . 4 15 38 12 44 77 36 :
—————————————————————————————————————-

DJ Canadian Grain Handling Summary – Oct 11
WINNIPEG–The following are Canadian grain handling summary statistics
for the week ended Oct. 6, 2019. Figures in thousands of metric tons.
Source: Canadian Grain Commission.
Durum
Wheat Oats Barley Flax Canola Peas Corn Total*
COMMERCIAL STOCKS
This Week 2120.7 588.2 191.2 407.8 17.9 977.6 432.9 35.2 5182.3
Week Ago 1985.0 645.9 198.6 376.2 16.3 894.7 454.1 50.0 5015.0
Year Ago 2915.2 796.1 229.7 390.1 50.7 1042.4 370.0 194.6 6662.0
PRODUCER DELIVERIES
This Week 553.1 69.5 66.8 108.5 2.2 386.1 63.1 7.1 1283.9
Week Ago 698.8 112.5 92.5 90.4 2.3 489.5 107.8 3.8 1648.8
To Date 3482.8 699.0 542.5 650.3 16.5 2935.8 1149.4 74.0 10048.5
Year Ago 3874.2 620.2 472.4 607.6 31.0 2869.5 824.2 113.1 10045.1
TERMINAL RECEIPTS
This Week 389.4 127.9 13.5 26.1 0.4 224.7 65.9 0.0 905.8
Week Ago 315.6 163.9 18.9 49.8 0.1 184.7 143.0 1.9 920.2
To Date 3232.4 1074.4 89.2 175.0 1.0 1555.1 746.2 7.2 7500.4
Year Ago 4400.2 587.3 100.9 263.2 20.7 1413.8 438.0 132.1 7831.4
EXPORTS
This Week 326.9 101.9 43.2 11.6 0.2 163.2 121.2 0.0 776.9
Week Ago 278.7 90.0 54.2 55.8 0.7 111.1 191.3 0.0 871.5
To Date 2782.5 860.0 286.7 169.3 7.9 1312.1 727.4 12.5 6784.3
Year Ago 3161.7 511.3 316.5 211.7 41.8 1239.1 410.1 237.8 6448.8
DOMESTIC DISAPPEARANCE
This Week 83.6 3.2 4.0 29.9 0.4 182.3 3.5 16.2 348.6
Week Ago 114.7 20.0 12.4 20.1 1.1 223.6 4.2 13.1 433.6
To Date 785.2 55.4 57.2 228.3 7.1 1788.4 30.9 164.7 3337.4
Year Ago 744.0 52.7 48.1 196.5 7.6 1459.7 33.9 210.5 2958.3
*Totals include data from other crops not shown including rye, soybeans,
canary seed, mustard seed, beans, lentils and chickpeas.
Source: Commodity News Service Canada (Phil Franz-Warkentin,
news@marketsfarm.com, or 204-414-9084)

Midwest Weather Forecast: Showers possible over the middle of this week. Temperatures should average near to below normal.

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
October +35 Dec +165 Dec +65 Sep +30 Nov +12 Dec N/A
November +43 Dec +82 Dec +40 Nov
December +51 Dec +87 Dec +38 Jan
All basis levels are positive unless noted as negative

ICE Canada Cash Grain Close – Oct 11
ICE Canola Cash Close
By MarketsFarm
WINNIPEG, Oct. 11 (MarketsFarm) – The following are the closing
cash canola prices from ICE Futures for Friday, Oct. 11.
Source: ICE Futures
CANOLA
1 Canada NCC Best Bid
Spot Price Basis Contract Change
*Par Region 434.50 -25.00 Nov 2019 dn 3.80
Track Thunder Bay 469.90 10.00 Nov 2019 up 0.40
Track Vancouver 479.90 20.00 Nov 2019 up 0.40
All prices in Canadian dollars per metric ton.

DJ Malaysian PM Cash Market Prices for Palm Oil – October 14
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 527.50 -02.50 Unquoted – –
Nov 527.50 -05.00 Unquoted – –
Dec 532.50 -05.00 Unquoted – –
Jan/Feb/Mar 552.50 -05.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Oct 530.00 -02.50 Unquoted – –
Nov 530.00 -05.00 Unquoted – –
Dec 535.00 -05.00 Unquoted – –
Jan/Feb/Mar 555.00 -05.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Oct 527.50 -02.50 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Oct 427.50 00.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Oct 2,100.00 -20.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Oct 140.00 00.00 Unquoted – –
($1=MYR4.1860)

DJ China Dalian Grain Futures Closing Prices, Volume – Oct 14
Soybean No. 1
Turnover: 141,960 lots, or 4.90 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-19 3,357 3,357 3,357 3,357 3,371 3,357 -14 8 286
Jan-20 3,433 3,435 3,405 3,434 3,418 3,419 1 125,984 186,996
Mar-20 – – – 3,405 3,405 3,405 0 0 34
May-20 3,689 3,689 3,667 3,686 3,688 3,678 -10 15,246 62,114
Jul-20 3,723 3,723 3,723 3,723 3,727 3,723 -4 2 26
Sep-20 3,743 3,746 3,724 3,743 3,743 3,737 -6 720 3,470
Corn
Turnover: 979,800 lots, or 18.22 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-19 1,815 1,815 1,798 1,804 1,804 1,803 -1 26,168 26,116
Jan-20 1,848 1,849 1,832 1,837 1,840 1,838 -2 666,592 1,282,814
Mar-20 1,876 1,881 1,860 1,864 1,871 1,868 -3 52,940 280,756
May-20 1,919 1,925 1,903 1,909 1,916 1,911 -5 183,234 504,114
Jul-20 1,942 1,949 1,927 1,933 1,944 1,939 -5 5,036 8,634
Sep-20 1,971 1,977 1,949 1,956 1,972 1,960 -12 45,830 74,984
Soymeal
Turnover: 3,206,838 lots, or 94.51 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-19 3,004 3,014 2,980 2,998 2,997 2,993 -4 18,968 15,886
Dec-19 3,019 3,019 2,984 2,997 3,003 2,994 -9 70,938 214,840
Jan-20 2,983 2,988 2,955 2,969 2,974 2,968 -6 2,055,550 2,095,194
Mar-20 2,973 2,973 2,919 2,926 2,956 2,938 -18 372 804
May-20 2,918 2,928 2,867 2,880 2,901 2,895 -6 934,768 1,224,218
Jul-20 2,925 2,935 2,883 2,894 2,910 2,905 -5 638 5,014
Aug-20 2,914 2,935 2,890 2,890 2,940 2,915 -25 34 52
Sep-20 2,960 2,975 2,918 2,929 2,942 2,941 -1 125,570 226,540
Palm Oil
Turnover: 774,516 lots, or 36.93 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Oct-19 – – – 4,880 4,880 4,880 0 0 0
Nov-19 – – – 4,836 4,836 4,836 0 0 4
Dec-19 – – – 4,866 4,866 4,866 0 0 6
Jan-20 4,790 4,790 4,670 4,682 4,800 4,726 -74 668,704 473,056
Feb-20 – – – 4,816 4,890 4,816 -74 0 714
Mar-20 4,984 4,984 4,984 4,984 5,012 4,984 -28 2 4
Apr-20 – – – 4,984 5,010 4,984 -26 0 6
May-20 5,096 5,096 4,976 4,980 5,096 5,022 -74 102,576 172,446
Jun-20 – – – 5,012 5,084 5,012 -72 0 8
Jul-20 – – – 5,064 5,100 5,064 -36 0 602
Aug-20 – – – 5,000 5,000 5,000 0 0 2
Sep-20 5,152 5,152 5,026 5,030 5,176 5,064 -112 3,234 14,476
Soybean Oil
Turnover: 796,360 lots, or 47.55 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-19 – – – 5,966 6,028 5,966 -62 0 4
Dec-19 – – – 5,900 5,900 5,900 0 0 12
Jan-20 6,030 6,034 5,910 5,914 6,010 5,958 -52 658,274 706,190
Mar-20 6,064 6,064 6,062 6,062 6,082 6,062 -20 4 508
May-20 6,096 6,096 5,978 5,982 6,082 6,024 -58 131,546 259,896
Jul-20 – – – 6,050 6,100 6,050 -50 0 526
Aug-20 – – – 5,982 5,982 5,982 0 0 0
Sep-20 6,130 6,130 6,020 6,024 6,124 6,070 -54 6,536 37,348
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