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 – Nov 4
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
ROUGH RICE November Nov. 05, 2019 3 Oct 31, 2019
SOYBEAN November Nov. 05, 2019 220 Oct 29, 2019

WHEAT
General Comments: Wheat markets were mixed as Chicago SRW and Minneapolis Spring Wheat futures closed slightly lower and Chicago HRW closed a little higher. Futures found support on Friday on talk that China was interested in buying high protein Wheat in the US. China has already bought some US Wheat this year as Australia has big production problems again due to drought. They could easily buy more as both sides in the trade negotiations seem to be moving to a positive resolution for both sides. The market got a positive bit of news late last week as the Bolsa de Buenos Aires cut its Wheat production estimate due to poor weather. Russia continued to dominate the world market even with higher prices. US export sales were on the weaker side once again last week. The weekly charts for Chicago Winter Wheat futures suggest the market is in a short-term correction but Minneapolis Spring Wheat futures show the potential for more price weakness. US Winter crops are being planted now under uneven conditions. It has been cold but not cold enough to stop fieldwork. There was some significant snow in panhandle areas of Texas and Oklahoma and snow and rain was seen in the Midwest. Australia is once again seeing significant yield losses as a drought in the country extends into the third year. It has been dry in parts of Argentina, especially southern areas, and Wheat production potential has started to suffer. The weaker crops in the south have supported better demand ideas for US Wheat but the demand has yet to show. Russia and Europe continue to compete for sales and have captured most of the export volume until now.
Overnight News: The southern Great Plains should get mostly dry conditions. Temperatures should be below normal. Northern areas should see mostly dry conditions. Temperatures should be below normal. The Canadian Prairies should see mostly dry weather. Temperatures should be mostly below normal.
Chart Analysis: Trends in Chicago are mixed. Support is at 512, 504, and 501 December, with resistance at 517, 524, and 527 December. Trends in Kansas City are mixed to up with objectives of 438, 451, and 455 December. Support is at 421, 416, and 414 December, with resistance at 427, 437, and 439 December. Trends in Minneapolis are down. Support is at 525, 520, and 518 December, and resistance is at 534, 536, and 549 December.

COT — Supplemental Report – Option and Futures Combined Positions as of October 29, 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 518,097
: Positions :
: 56,277 76,185 196,428 69,107 131,385 165,803 70,616 487,615 474,614: 30,482 43,483
: Changes from: October 22, 2019 (Change in open interest: -23,114) :
: -7,382 235 -12,513 -71 -2,819 -1,748 -7,009 -21,713 -22,106: -1,402 -1,008
: Percent of Open Interest Represented by Each Category of Trader :
: 10.9 14.7 37.9 13.3 25.4 32.0 13.6 94.1 91.6: 5.9 8.4
: Total Traders: 378 Number of Traders in Each Category :
: 89 114 137 81 102 45 27 301 310:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of October 29, 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 337,837
: Positions :
: 58,317 78,867 100,517 76,847 101,691 71,187 37,290 306,869 318,365: 30,968 19,472
: Changes from: October 22, 2019 (Change in open interest: 12,323) :
: -1,065 3,513 8,790 -1,403 -5,869 4,446 5,611 10,768 12,045: 1,555 278
: Percent of Open Interest Represented by Each Category of Trader :
: 17.3 23.3 29.8 22.7 30.1 21.1 11.0 90.8 94.2: 9.2 5.8
: Total Traders: 281 Number of Traders in Each Category :
: 79 52 74 91 78 34 15 237 192:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 29, 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 66,593 :
: Positions :
: 39,133 35,164 940 99 654 1,128 10,490 1,783 6,220 1,080 5,217 :
: Changes from: October 22, 2019 :
: 346 -290 126 -150 -44 -307 993 114 215 -581 669 :
: Percent of Open Interest Represented by Each Category of Trader :
: 58.8 52.8 1.4 0.1 1.0 1.7 15.8 2.7 9.3 1.6 7.8 :
: Number of Traders in Each Category Total Traders: 97 :
: 49 40 4 . 6 6 8 6 13 6 13 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 29, 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 13,865 :
: Positions :
: 4,129 11,063 1,132 0 349 5,979 0 100 1,600 1,700 353 :
: Changes from: October 22, 2019 :
: 1,212 450 -7 0 -7 -373 0 -300 -48 85 49 :
: Percent of Open Interest Represented by Each Category of Trader :
: 29.8 79.8 8.2 0.0 2.5 43.1 0.0 0.7 11.5 12.3 2.5 :
: Number of Traders in Each Category Total Traders: 26 :
: 9 14 . 0 . 4 0 . . . . :
—————————————————————————————————————-

RICE
General Comments: Rice was a little lower and closed in the middle of the weekly range after making new lows for the move. The harvest is mostly over in all areas and field yields appear to be generally below last year but still stronger than some analysts had expected. California is about done with its harvest with good crops reported. Milling quality is said to be lower on later harvested Rice but was 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. There are ideas that not much Rice is available to the cash market right now as much of the new Rice has been put into storage. The export sales report was strong again last week and showed good demand for long grain. Export demand has been holding well and this gives hope for higher prices down the road. The best buyer has been Mexico but Central America has been buying in greater volumes as well. The charts maintain a bullish longer term outlook.
Overnight News: The Delta should get dry weather. Temperatures should be below normal.
Chart Analysis: Trends are mixed. Support is at 1190, 1186, and 1174 January, with resistance at 1208, 1213, and 1220 January.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 29, 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 9,860 :
: Positions :
: 6,280 5,798 109 246 0 727 1,033 0 505 1,008 358 :
: Changes from: October 22, 2019 :
: 237 -550 0 0 0 -176 436 0 -21 -179 -1,151 :
: Percent of Open Interest Represented by Each Category of Trader :
: 63.7 58.8 1.1 2.5 0.0 7.4 10.5 0.0 5.1 10.2 3.6 :
: Number of Traders in Each Category Total Traders: 45 :
: 18 14 . . 0 . 5 0 7 5 5 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn and Oats closed a little higher last week. Oats look ready to rally more in the coming weeks based on the charts. Corn is still feeling harvest pressure and the lack of demand and really did not seem interested in going too far in either direction. The harvest was slow in many parts of the Midwest last week due to snow and rain. Activity should be able to increase this week as the weather will be cold but drier. Yield data shows mixed crops but some very good results. A few farmers have reported yield potential above a year ago. These reports are mostly in western areas. Yield reports in central and eastern states have been more varied. Some farmers are waiting for crops to dry down more before beginning the harvest. The USDA weekly export sales report showed improved demand, but not enough demand to change the narrative of a bad export pace. Export demand remains bad but ethanol demand should continue to improve as petroleum prices have been firming. USDA will issue its latest production and supply and demand estimates on Friday and many expect the agency to cut export demand again in its projections and to increase ending stocks. Production is more difficult to estimate due to the uneven crops, but USDA might not drop yield estimates very much or it could leave them about unchanged.
Overnight News:
Chart Analysis: Trends in Corn are mixed. Support is at 385, 382, and 378 December, and resistance is at 392, 397, and 399 December. Trends in Oats are mixed to up with objectives of 310 and 320 December. Support is at 300, 295, and 294 December, and resistance is at 309, 312, and 315 December.

COT — Supplemental Report – Option and Futures Combined Positions as of October 29, 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 2,006,474
: Positions :
: 122,936 256,546 514,040 626,569 839,142 406,804 172,783 1,670,350 1,782,511: 336,124 223,963
: Changes from: October 22, 2019 (Change in open interest: -67,477) :
: -4,202 -3,516 -33,319 -17,258 -26,531 -9,855 -1,869 -64,634 -65,236: -2,843 -2,241
: Percent of Open Interest Represented by Each Category of Trader :
: 6.1 12.8 25.6 31.2 41.8 20.3 8.6 83.2 88.8: 16.8 11.2
: Total Traders: 860 Number of Traders in Each Category :
: 166 151 216 415 377 49 31 750 669:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 29, 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 6,875 :
: Positions :
: 1,705 5,084 132 0 0 1,380 0 0 1,390 105 395 :
: Changes from: October 22, 2019 :
: 339 226 -1 0 0 10 0 0 8 56 118 :
: Percent of Open Interest Represented by Each Category of Trader :
: 24.8 74.0 1.9 0.0 0.0 20.1 0.0 0.0 20.2 1.5 5.7 :
: Number of Traders in Each Category Total Traders: 29 :
: 9 9 . 0 0 8 0 0 6 . 5 :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans and Soybean Oil were a little higher and Soybean Meal was slightly lower for the week. Soybeans found support from reports of good progress by both sides in the trade talks with China. China did express some uneasiness about the US side moving the goal posts at the end of the talks and expressed doubt that the next phases in the trade talks would go smoothly, but the chance for a trade truce and increased Chinese buying of US Agricultural goods is real. China did in fact make some purchases late last week that were noted in the daily reporting system by USDA. The weekly USDA data showed that farmers were more focused on the Soybeans harvest than Corn last week and data released on Monday should show this trend as well. Yield reports show that yields are generally better in western areas than to the east with some very good yields reported in the west. The market is keeping 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. USDA will release its next monthly supply and demand and production reports on Friday. USDA need not make any real changes in the supply and demand reports this month. Production might not change that much from last month, either.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed. Support is at 930, 925, and 922 January, and resistance is at 940, 945, and 947 January. Trends in Soybean Meal are mixed. Support is at 301.00, 300.00, and 297.00 December, and resistance is at 307.00, 309.00, and 312.00 December. Trends in Soybean Oil are mixed. Support is at 3060, 3050, and 3020 December, with resistance at 3130, 3150, and 3190 December.

COT — Supplemental Report – Option and Futures Combined Positions as of October 29, 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 819,092
: Positions :
: 112,667 73,892 194,861 237,144 437,919 201,650 41,689 746,322 748,361: 72,771 70,731
: Changes from: October 22, 2019 (Change in open interest: -142,561) :
: -563 -3,619 -65,480 -55,214 -40,132 -17,956 -29,897 -139,212 -139,127: -3,349 -3,434
: Percent of Open Interest Represented by Each Category of Trader :
: 13.8 9.0 23.8 29.0 53.5 24.6 5.1 91.1 91.4: 8.9 8.6
: Total Traders: 602 Number of Traders in Each Category :
: 150 114 204 197 227 50 27 503 493:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of October 29, 2019
: 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 549,304
: Positions :
: 96,464 32,908 136,853 115,732 314,450 161,619 37,945 510,668 522,156: 38,636 27,148
: Changes from: October 22, 2019 (Change in open interest: 16,294) :
: 9,591 -2,025 5,344 -6,109 8,309 8,555 5,579 17,381 17,209: -1,087 -914
: Percent of Open Interest Represented by Each Category of Trader :
: 17.6 6.0 24.9 21.1 57.2 29.4 6.9 93.0 95.1: 7.0 4.9
: Total Traders: 348 Number of Traders in Each Category :
: 105 58 130 81 80 39 22 303 252:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of October 29, 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 451,719
: Positions :
: 38,213 70,130 104,609 143,409 204,913 112,478 40,701 398,710 420,354: 53,009 31,365
: Changes from: October 22, 2019 (Change in open interest: 1,250) :
: -4,868 2,461 -5,476 3,517 -196 4,083 4,034 -2,744 823: 3,994 427
: Percent of Open Interest Represented by Each Category of Trader :
: 8.5 15.5 23.2 31.7 45.4 24.9 9.0 88.3 93.1: 11.7 6.9
: Total Traders: 296 Number of Traders in Each Category :
: 57 68 98 100 85 36 15 252 225:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Canola was a little higher on some speculative buying before the weekend. The harvest is starting to wind down with Saskatchewan and Manitoba about 90% done. Some of the buying came in sympathy with the price action in Chicago Soybeans. The harvest remains active and wire services report that Canola is entering the commercial system. Demand from crusher is reported to be good. Palm Oil was higher in sympathy with stronger world vegetable oils markets and despite reports of strong exports. Price action is very strong.
Overnight News:
Chart Analysis: Trends in Canola are down with objectives of 451.00 and 443.00 January. Support is at 455.00, 454.00, and 449.00 January, with resistance at 461.00, 464.00, and 466.00 January. Trends in Palm Oil are mixed to up with no objectives. Support is at 2450, 2400, and 2380 January, with resistance at 2520, 2550, and 2580 January.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 29, 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 173,007 :
: Positions :
: 141,464 75,617 6,632 1,924 294 1,531 43,797 7,407 2,661 29,928 12,143 :
: Changes from: October 22, 2019 :
: -17,111 -19,439 -92 -13 -1,001 -332 5,826 -2,092 204 -3,639 -5,453 :
: Percent of Open Interest Represented by Each Category of Trader :
: 81.8 43.7 3.8 1.1 0.2 0.9 25.3 4.3 1.5 17.3 7.0 :
: Number of Traders in Each Category Total Traders: 234 :
: 41 65 5 . . 7 43 12 25 75 32 :
—————————————————————————————————————-

DJ Canadian Grain Handling Summary – Oct 31
WINNIPEG–The following are Canadian grain handling summary statistics
for the week ended Oct. 27, 2019. Figures in thousands of metric tons.
Source: Canadian Grain Commission.
Durum
Wheat Oats Barley Flax Canola Peas Corn Total*
COMMERCIAL STOCKS
This Week 2283.5 627.6 197.5 413.1 30.0 1461.1 299.2 15.6 6088.4
Week Ago 2310.4 633.8 179.2 419.1 23.3 1313.8 332.5 22.0 5889.9
Year Ago 2841.5 708.6 203.8 398.2 58.2 1450.3 319.8 175.0 7260.3
PRODUCER DELIVERIES
This Week 426.8 132.1 79.5 85.2 11.0 515.5 35.2 6.2 1370.3
Week Ago 496.6 105.5 63.2 113.2 5.7 600.6 34.6 6.0 1476.7
To Date 4864.9 1047.8 739.7 938.3 35.5 4785.5 1259.2 91.5 14450.9
Year Ago 5251.0 788.7 610.7 780.3 51.8 4546.6 936.2 147.4 14231.7
TERMINAL RECEIPTS
This Week 355.5 106.3 13.5 58.1 0.7 271.3 43.4 0.3 1172.0
Week Ago 361.2 129.8 8.3 51.8 0.1 216.8 32.5 0.0 1095.7
To Date 4474.4 1448.9 151.1 351.8 2.0 2316.6 877.5 7.5 11040.7
Year Ago 5683.8 784.0 128.8 415.8 21.2 2325.4 552.6 133.3 11616.0
EXPORTS
This Week 357.7 94.1 46.6 82.6 0.4 285.2 72.9 0.0 1012.0
Week Ago 351.4 124.8 65.3 53.1 0.3 201.2 39.1 0.0 926.1
To Date 3794.8 1139.4 447.1 333.7 9.0 2014.6 848.5 12.5 9479.7
Year Ago 4455.7 663.2 475.7 354.5 48.0 1980.9 539.9 270.8 9621.0
DOMESTIC DISAPPEARANCE
This Week 95.1 9.0 12.4 27.7 0.4 203.9 5.0 11.9 412.5
Week Ago 62.5 15.3 9.0 28.0 0.2 222.1 3.7 9.8 368.4
To Date 989.6 82.6 86.2 308.2 8.0 2462.5 42.6 202.9 4505.4
Year Ago 1004.0 63.0 65.5 258.7 10.4 1923.8 45.2 281.5 4053.1
*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)

Midwest Weather Forecast: Drier and cold into next week. Temperatures should average near to below normal.

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
November +53 Dec +176 Dec +90 Dec +47 Jan +12 Dec N/A
December +55 Dec +95 Dec +49 Jan
January +51 Mar +80 Mar +47 Jan
All basis levels are positive unless noted as negative

DJ ICE Canada Cash Grain Close – Nov 1
WINNIPEG–The following are the closing cash canola prices from
ICE Futures for Nov. 1, 2019.
Source: ICE Futures
CANOLA
1 Canada NCC Best Bid
Spot Price Basis Contract Change
*Par Region 421.61 -24.79 Nov 2019 dn 0.20
Track Thunder Bay 468.20 10.00 Jan 2019 up 0.80
Track Vancouver 476.20 18.00 Jan 2019 up 0.80
All prices in Canadian dollars per metric ton.
*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 – November 4
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
Nov 597.50 +12.50 Unquoted – –
Dec 607.50 +10.50 Unquoted – –
Jan/Feb/Mar 627.50 +12.50 Unquoted – –
Apr/May/Jun 632.50 +10.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Nov 600.00 +12.50 Unquoted – –
Dec 610.00 +10.00 Unquoted – –
Jan/Feb/Mar 630.00 +12.50 Unquoted – –
Apr/May/Jun 635.00 +10.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Nov 595.00 +10.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Nov 482.50 +12.50 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Nov 2,410 +30.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Nov 162.00 +02.00 Unquoted – –
($1=MYR4.1520)

DJ China Dalian Grain Futures Closing Prices, Volume – Nov 04
Soybean No. 1
Turnover: 152,560 lots, or 5.24 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-19 – – – 3,271 3,271 3,271 0 0 106
Jan-20 3,399 3,400 3,372 3,389 3,389 3,384 -5 126,666 226,952
Mar-20 3,434 3,452 3,366 3,423 3,425 3,425 0 122 64
May-20 3,670 3,690 3,649 3,690 3,654 3,664 10 24,104 78,180
Jul-20 3,719 3,722 3,712 3,712 3,720 3,717 -3 6 50
Sep-20 3,731 3,760 3,724 3,760 3,726 3,738 12 1,662 10,046
Corn
Turnover: 1,577,632 lots, or 30.05 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-19 – – – 1,837 1,837 1,837 0 0 12,580
Jan-20 1,883 1,895 1,873 1,876 1,877 1,884 7 1,097,982 1,362,712
Mar-20 1,906 1,917 1,901 1,904 1,900 1,908 8 139,256 424,836
May-20 1,964 1,970 1,951 1,954 1,955 1,960 5 284,840 769,666
Jul-20 1,986 1,991 1,974 1,974 1,978 1,984 6 672 8,612
Sep-20 2,005 2,014 1,996 2,000 2,000 2,005 5 54,882 96,844
Soymeal
Turnover: 1,793,442 lots, or 52.69 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-19 – – – 2,982 2,982 2,982 0 0 12
Dec-19 3,006 3,109 2,995 3,003 2,990 3,009 19 6,082 6,442
Jan-20 2,969 2,980 2,960 2,969 2,954 2,969 15 1,130,776 1,846,020
Mar-20 2,898 2,910 2,891 2,900 2,886 2,898 12 67,078 148,542
May-20 2,869 2,882 2,864 2,874 2,853 2,871 18 489,406 2,070,052
Jul-20 2,890 2,895 2,882 2,890 2,869 2,888 19 80 1,608
Aug-20 – – – 2,899 2,899 2,899 0 0 126
Sep-20 2,928 2,936 2,917 2,925 2,906 2,925 19 100,020 674,606
Palm Oil
Turnover: 2,584,924 lots, or 13.65 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-19 – – – 4,990 4,990 4,990 0 0 0
Dec-19 – – – 5,274 5,274 5,274 0 0 2
Jan-20 5,220 5,324 5,194 5,300 5,236 5,248 12 2,246,130 834,360
Feb-20 5,276 5,276 5,276 5,276 5,264 5,276 12 4 712
Mar-20 5,430 5,460 5,430 5,460 5,440 5,444 4 4 22
Apr-20 – – – 5,422 5,420 5,422 2 0 6
May-20 5,420 5,548 5,420 5,516 5,462 5,478 16 334,088 356,054
Jun-20 – – – 5,460 5,446 5,460 14 0 8
Jul-20 – – – 5,406 5,392 5,406 14 0 606
Aug-20 – – – 5,328 5,314 5,328 14 0 2
Sep-20 5,308 5,388 5,302 5,366 5,332 5,336 4 4,698 24,170
Oct-20 – – – 5,374 5,370 5,374 4 0 2
Soybean Oil
Turnover: 1,445,800 lots, or 91.01 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-19 – – – 6,334 6,334 6,334 0 0 0
Dec-19 6,188 6,276 6,182 6,276 6,182 6,222 40 18 2
Jan-20 6,262 6,368 6,236 6,336 6,278 6,306 28 1,154,586 855,688
Mar-20 – – – 6,356 6,328 6,356 28 0 704
May-20 6,210 6,302 6,186 6,276 6,216 6,250 34 269,412 389,754
Jul-20 – – – 6,264 6,230 6,264 34 0 526
Aug-20 – – – 6,176 6,144 6,176 32 0 0
Sep-20 6,162 6,236 6,144 6,222 6,160 6,196 36 21,784 116,048
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