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 11
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
ROUGH RICE November Nov. 12, 2019 10 Nov 08, 2019
SOYBEAN November Nov. 12, 2019 855 Nov 07, 2019

DJ U.S. Total Prevented Acreage Data – Nov 8
U.S. acreage data for select crops reported as planted, failed and prevented
by farmers to the Farm Service Agency. Prevented acres is land
not planted due to poor conditions. Failed acres is land farmers planted
and abandoned. Farmers participating in various FSA programs are required
to submit a report on their cropland.
Source: USDA
In acres.
Sum of Sum of Sum of
Planted Acres Failed Acres Prevented Acres
ALL CORN 86,608,377 456,950 11,430,395
COTTON- ELS 156,882 1,109 24,781
COTTON- Upland 12,290,756 943,416 494,298
SOYBEANS 74,944,507 66,772 4,459,069
WHEAT 46,389,206 377,407 2,217,618

DJ USDA Supply/Demand: Crop Summary – Nov 8
U.S. ending stocks in million bushels, except soyoil in million pounds,
cotton in million (480 pound) bales and rice in million cwt. Exports and
Production in million metric tons except cotton in million (480 pound) bales.
Projections based on trends and analysts’ judgments, not survey
date. Source: USDA’s World Agricultural Outlook Board.
======U.S.====== ================WORLD=======================
Ending Stocks Exports Production
19/20 18/19 17/18: 19/20 18/19 17/18: 19/20 18/19 17/18
Soybeans 475.0 913.0 438.0:149.75 149.13 153.07:336.56 358.21 341.61
Brazil na na na: 76.00 74.86 76.14:123.00 117.00 122.00
Argentina na na na: 8.80 9.10 2.13: 53.00 55.30 37.80
China na na na: 0.13 0.12 0.13: 17.10 15.90 15.28
Soyoil 1,446 1,776 1,995: 11.83 11.11 10.54: 56.75 55.89 55.15
Corn 1,910 2,114 2,140:167.05 180.30 148.19: 1,102 1,125 1,080
China na na na: 0.02 0.02 0.02:254.00 257.33 259.07
Argentina na na na: 33.50 36.00 22.47: 50.00 51.00 32.00
S.Africa na na na: 1.50 1.00 2.07: 14.00 11.75 13.10
Cotton(a) 6.10 4.85 4.20: 44.03 41.28 41.41:121.94 118.80 123.78
All Wheat 1,014 1,080 1,099:180.68 172.89 182.47:765.55 731.28 762.31
China na na na: 1.30 1.01 1.00:132.00 131.43 134.33
EU 27 na na na: 29.00 23.31 23.38:153.00 136.86 151.13
Canada na na na: 24.50 24.41 22.00: 33.00 32.20 30.38
Argentina na na na: 14.00 12.00 12.73: 20.00 19.50 18.50
Australia na na na: 9.00 9.01 13.85: 17.20 17.30 20.94
Russia na na na: 34.50 35.84 41.43: 74.00 71.69 85.17
Ukraine na na na: 20.00 16.02 17.78: 29.00 25.06 26.98
Sorghum 51.0 64.0 35.0: na na na: na na na
Barley 93.0 87.0 94.0: na na na: na na na
Oats 36.0 38.0 41.0: na na na: na na na
Rice 36.4 44.9 29.4: 45.78 44.15 47.13:497.76 499.34 494.88

DJ USDA Report: Summary for U.S. Agriculture Supply, Demand Report
Following are key numbers from the USDA’s crop report Friday and how the government’s estimates compared to analysts’ forecasts in a Wall Street Journal survey.
U.S. 2019 Corn, Soybean Production (million bushels)
Friday’s Average USDA
USDA Est. Forecast Range Oct.
Corn Production 13,661.0 13,602 13,030-13,786 13,779
Corn Yield 167.0 167.3 164.5-170.0 168.4
Harvested Acres 81.8 81.3 79.2-81.8 81.8
Soybean Production 3,550.0 3,513 3,396-3,609 3,550
Soybean Yield 46.9 46.6 45.9-47.6 46.9
Harvested Acres 75.6 75.4 74.5-77.2 75.6
****
U.S. 2019-20 Stockpiles (millions)
Friday’s Average USDA
USDA Est. Forecast Range Oct.
Corn 1,910.0 1,799 1,479-1,959 1,929
Soybeans 475.0 429 306-521 460
Wheat 1,014.0 1,035 995-1,078 1,043
****
World Stockpiles (million metric tons)
2018-19
Friday’s Average USDA
USDA Est. Forecast Range Oct.
Corn 320.1 323.9 322.7-324.4 324.0
Soybeans 109.7 110.3 109.9-113.1 109.9
Wheat 277.9 277.8 277.6-278.5 277.7
2019-20
Friday’s Average USDA
USDA Est. Forecast Range Oct.
Corn 296.0 299.5 291.1-304.1 302.6
Soybeans 95.4 95.0 88.0-109.4 95.2
Wheat 288.3 286.8 285.4-287.8 287.8

WHEAT
General Comments: Wheat markets were a little lower for the week in Chicago and lower in Minneapolis. The USDA production and supply and demand reports were viewed as neutral to negative for prices. USDA cut domestic production due to the new survey of Spring Wheat and Durum production. It trimmed domestic and export demand but still cut ending stocks to 1.014 billion bushels. USDA cut its average farm price by 10 cents a bushel to $4.60/bu. World data showed a slight increase in ending stocks against expectations for a slight decrease. Production increases in the northern parts of the world were greater than production decreases in southern countries. Chart patterns turned bearish in the short term in Chicago but are less well defined on the weekly charts. USDA data showed ample world supplies and reduced demand for US Wheat and gave bullish traders little reason to buy. World prices will still be dictated by what happens in Europe and the Black Sea area and US prices will most likely remain a follower as the US tries to compete for sales.
Overnight News: The southern Great Plains should get mostly dry conditions. Temperatures should be mostly below normal. Northern areas should see mostly dry conditions or a little light snow. 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 to down with objectives of 501, 497, and 493 December. Support is at 506, 504, and 501 December, with resistance at 514, 516, and 522 December. Trends in Kansas City are mixed. Support is at 418, 416, and 414 December, with resistance at 426, 432, and 437 December. Trends in Minneapolis are down with objectives of 516, 509, and 504 December. Support is at 514, 510, and 505 December, and resistance is at 524, 529, and 532 December.

COT — Supplemental Report – Option and Futures Combined Positions as of November 05, 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 525,413
: Positions :
: 52,245 81,154 202,699 71,621 131,271 168,608 67,397 495,173 482,520: 30,240 42,894
: Changes from: October 29, 2019 (Change in open interest: 7,316) :
: -4,032 4,969 6,270 2,515 -114 2,805 -3,219 7,558 7,906: -242 -590
: Percent of Open Interest Represented by Each Category of Trader :
: 9.9 15.4 38.6 13.6 25.0 32.1 12.8 94.2 91.8: 5.8 8.2
: Total Traders: 380 Number of Traders in Each Category :
: 79 124 141 80 104 48 27 300 317:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of November 05, 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 337,880
: Positions :
: 57,385 82,309 96,564 78,038 104,347 74,714 35,066 306,699 318,285: 31,181 19,595
: Changes from: October 29, 2019 (Change in open interest: 43) :
: -933 3,442 -3,954 1,191 2,657 3,527 -2,224 -169 -80: 212 123
: Percent of Open Interest Represented by Each Category of Trader :
: 17.0 24.4 28.6 23.1 30.9 22.1 10.4 90.8 94.2: 9.2 5.8
: Total Traders: 283 Number of Traders in Each Category :
: 79 53 79 88 78 32 15 236 198:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 5, 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 67,140 :
: Positions :
: 39,575 34,659 685 99 574 802 9,846 1,836 5,942 1,103 5,049 :
: :
: Changes from: October 29, 2019 :
: 441 -505 -254 0 -80 -326 -644 53 -278 23 -168 :
: :
: Percent of Open Interest Represented by Each Category of Trader :
: 58.9 51.6 1.0 0.1 0.9 1.2 14.7 2.7 8.9 1.6 7.5 :
: :
: Number of Traders in Each Category Total Traders: 96 :
: 51 38 . . 5 5 10 5 11 6 15 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 5, 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 14,003 :
: Positions :
: 6,535 11,845 608 0 148 4,662 0 100 1,605 1,700 0 :
: Changes from: October 29, 2019 :
: 2,406 782 -524 0 -201 -1,317 0 0 5 0 -353 :
: Percent of Open Interest Represented by Each Category of Trader :
: 46.7 84.6 4.3 0.0 1.1 33.3 0.0 0.7 11.5 12.1 0.0 :
: Number of Traders in Each Category Total Traders: 25 :
: 7 15 . 0 . . 0 . . . 0 :
—————————————————————————————————————-

RICE
General Comments: Rice was a little higher on Friday and a little higher for the week. USDA made few changes to US production or demand on Friday and showed a slight decrease in ending stocks due to slightly reduced production. No changes were made to farm price estimates. World data showed increased ending stocks from last month as production data for India was increased. Futures reacted in a positive way to the data. There are some in the trade who think that USD is still too high on US Long Grain production. Demand for US Rice remains generally positive although the weekly export sales report was not that string. The export sales pace in general has been very good and USDA could be forced to increase export demand and cut ending stocks estimate in future reports. The US domestic market is now quiet with the harvest mostly done and no one real interested in selling. Mills and exporters are thought to be covered but anyone who needs to buy paddy Rice from farmers will be forced to bid higher prices to find much selling interest at all.
Overnight News: The Delta should get dry weather after today. Temperatures should be below normal.
Chart Analysis: Trends are mixed to up with objectives of 1252 and 1299 January. Support is at 1198, 1183, and 1174 January, with resistance at 1210, 1213, and 1220 January.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 5, 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 9,711 :
: Positions :
: 5,911 5,706 120 246 0 727 1,153 0 522 606 719 :
: Changes from: October 29, 2019 :
: -369 -92 11 0 0 0 120 0 17 -402 361 :
: Percent of Open Interest Represented by Each Category of Trader :
: 60.9 58.8 1.2 2.5 0.0 7.5 11.9 0.0 5.4 6.2 7.4 :
: Number of Traders in Each Category Total Traders: 47 :
: 18 13 . . 0 . 5 0 8 5 8 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn was lower and Oats closed a little lower last week. Trends are down on the daily and weekly charts for Corn. Oats still look ready to rally more in the coming weeks based on the charts. Corn is still feeling harvest pressure and the lack of demand. USDA released its production and supply and demand reports on Friday. It cut production and yields more than expected and futures jumped to the highs of the day. However, the market gave back most of the gains once the details of the reports were digested. It also cut domestic and export demand so the ending stocks estimate was only slightly reduced at 1.910 billion bushels. World ending stocks estimates were also lower by over 3 million tons for the old crop and new crop, but ending stocks are still more than 296 million tons for the world. Ideas are that USDA can lower US Corn yields again in January. There is still a lot of Corn to be harvested and many think that yield estimates will drop more as the last part of the harvest gets wrapped up in the next few weeks. However, the big problem for US Corn has been demand, and it looks like there could be more than enough Corn for any demand at this time.
Overnight News:
Chart Analysis: Trends in Corn are down with objectives of 374, 365, and 359 December. Support is at 373, 370, and 365 December, and resistance is at 382, 384, and 385 December. Trends in Oats are mixed to up with objectives of 310 and 320 December. Support is at 301, 297, and 295 December, and resistance is at 308, 309, and 312 December.

COT — Supplemental Report – Option and Futures Combined Positions as of November 05, 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 2,034,158
: Positions :
: 119,594 276,042 513,593 638,320 846,432 429,789 171,342 1,701,297 1,807,410: 332,861 226,748
: Changes from: October 29, 2019 (Change in open interest: 27,683) :
: -3,342 19,496 -447 11,751 7,291 22,985 -1,441 30,947 24,898: -3,263 2,785
: Percent of Open Interest Represented by Each Category of Trader :
: 5.9 13.6 25.2 31.4 41.6 21.1 8.4 83.6 88.9: 16.4 11.1
: Total Traders: 873 Number of Traders in Each Category :
: 161 161 213 414 387 52 30 748 682:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 5, 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 6,948 :
: Positions :
: 1,798 5,191 128 0 0 1,338 0 0 1,393 81 377 :
: Changes from: October 29, 2019 :
: 93 107 -4 0 0 -42 0 0 3 -24 -17 :
: Percent of Open Interest Represented by Each Category of Trader :
: 25.9 74.7 1.8 0.0 0.0 19.3 0.0 0.0 20.1 1.2 5.4 :
: Number of Traders in Each Category Total Traders: 28 :
: 10 10 . 0 0 7 0 0 5 . 4 :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans were slightly lower for the week after a lower close on Friday. USDA surprised the Soybeans market with its production and supply and demand reports on Friday. USDA made no changes to production even after surveying northwestern areas of the production areas again last month. The trade had expected it to cut yields and total production. USDA cut domestic demand and showed increased ending stocks estimates at 475 million bushels instead of a decrease that had been expected. The market was also affected by news headlines about the trade talks with China. Word most of the week that a Phase One deal was progressing well and that tariffs on both sides would be cut back as a part of any deal helped support futures for much of the week. On Friday, President Trump said that he had not agreed to reduce tariffs yet and that announcement pushed futures lower before the reports were released. The daily and weekly charts show that Soybeans are holding support areas but the market has not been that strong given the great export sales reports and news of more sales on the daily system.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed. Support is at 925, 922, and 918 January, and resistance is at 939, 942, and 945 January. Trends in Soybean Meal are mixed. Support is at 302.00, 299.00, and 297.00 December, and resistance is at 307.00, 309.00, and 312.00 December. Trends in Soybean Oil are up with objectives of 3200 and 3290 December. Support is at 3130, 3100, and 3060 December, with resistance at 3190, 3200, and 3230 December.

COT — Supplemental Report – Option and Futures Combined Positions as of November 05, 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 814,903
: Positions :
: 106,102 79,807 196,868 233,970 421,065 209,417 46,638 746,357 744,378: 68,546 70,525
: Changes from: October 29, 2019 (Change in open interest: -4,189) :
: -6,565 5,914 2,007 -3,175 -16,854 7,768 4,949 36 -3,983: -4,224 -205
: Percent of Open Interest Represented by Each Category of Trader :
: 13.0 9.8 24.2 28.7 51.7 25.7 5.7 91.6 91.3: 8.4 8.7
: Total Traders: 587 Number of Traders in Each Category :
: 144 116 186 178 225 51 28 471 475:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of November 05, 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 577,583
: Positions :
: 103,896 38,921 145,725 121,269 328,852 168,135 37,024 539,025 550,522: 38,558 27,060
: Changes from: October 29, 2019 (Change in open interest: 28,279) :
: 7,431 6,013 8,873 5,537 14,402 6,516 -921 28,357 28,367: -78 -88
: Percent of Open Interest Represented by Each Category of Trader :
: 18.0 6.7 25.2 21.0 56.9 29.1 6.4 93.3 95.3: 6.7 4.7
: Total Traders: 361 Number of Traders in Each Category :
: 104 67 139 86 83 40 21 315 265:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of November 05, 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 470,113
: Positions :
: 33,398 72,905 113,951 152,437 207,888 117,693 43,215 417,480 437,960: 52,633 32,153
: Changes from: October 29, 2019 (Change in open interest: 18,394) :
: -4,816 2,775 9,342 9,028 2,975 5,216 2,514 18,770 17,606: -376 788
: Percent of Open Interest Represented by Each Category of Trader :
: 7.1 15.5 24.2 32.4 44.2 25.0 9.2 88.8 93.2: 11.2 6.8
: Total Traders: 300 Number of Traders in Each Category :
: 59 70 98 105 85 36 16 260 224:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Canola was slightly higher. Higher world vegetable oils markets are starting to lend some support to Canola. Demand from crushers is reported to be good. Palm Oil was sharply higher in sympathy with stronger world vegetable oils markets and reports of strong exports. The market is expecting MPOB to show short production and reduced ending stocks in its monthly data tomorrow. Price action is very strong. USDA projected world vegetable oils ending stocks at the lowest level in40 years on Friday.
Overnight News: AmSpec said that Malaysian Palm Oil exports are 414,020 tons so far this month, up 12% from last month.
Chart Analysis: Trends in Canola are mixed. Support is at 460.00, 458.00, and 455.00 January, with resistance at 466.00, 468.00, and 471.00 January. Trends in Palm Oil are mixed to up with objectives of 2620 January. Support is at 2510, 2500, and 2450 January, with resistance at 2590, 2620, and 2650 January.

DJ Malaysia’s October Palm Oil Exports 1.64M Tons; Up 16% -MPOB
Malaysia’s palm oil exports were up 16% on month at 1.64 million metric tons in October, the Malaysian Palm Oil Board said.
The following are details of the October crop data and revised numbers for September, issued by MPOB:
October September Change
On Month
Crude Palm Oil Output 1,795,880 1,842,433 Dn 2.53%
Palm Oil Exports 1,641,743 1,410,023 Up 16.43%
Palm Kernel Oil Exports 99,601 88,311 Up 12.78%
Closing Stocks 2,348,066 2,448,528 Dn 4.1%
Crude Palm Oil 1,323,696 1,353,343 Dn 2.19%
Processed Palm Oil 1,024,370 1,095,185 Dn 6.47%

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 5, 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 183,413 :
: Positions :
: 151,516 76,680 7,679 1,966 313 1,060 54,625 5,724 2,618 28,344 13,588 :
: Changes from: October 29, 2019 :
: 10,051 1,064 1,047 42 19 -471 10,828 -1,684 -42 -1,584 1,445 :
: Percent of Open Interest Represented by Each Category of Trader :
: 82.6 41.8 4.2 1.1 0.2 0.6 29.8 3.1 1.4 15.5 7.4 :
: Number of Traders in Each Category Total Traders: 244 :
: 39 67 4 . . 4 51 12 30 72 27 :
—————————————————————————————————————-

Midwest Weather Forecast: Some light rain or snow over the weekend. Temperatures should average below normal.

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
November +54 Dec +180 Dec +100 Dec +56 Jan +12 Dec N/A
December +56 Dec +95 Dec +54 Jan
January +54 Mar +90 Mar +54 Jan
All basis levels are positive unless noted as negative

DJ ICE Canada Cash Grain Close – Nov 8
WINNIPEG — The following are the closing cash
canola prices from ICE Futures.
Source: ICE Futures
Price Basis Contract Change
CANOLA
*Par Region 431.20 -30.00 Jan 2020 dn 1.20
Basis: Thunder Bay 473.30 10.00 Jan 2020 up 2.10
Basis: Vancouver 481.30 18.00 Jan 2020 up 2.10
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 – November 11
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 637.50 +17.50 Unquoted – –
Dec 645.00 +17.50 Unquoted – –
Jan/Feb/Mar 657.50 +17.50 Unquoted – –
Apr/May/Jun 657.50 +15.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Nov 640.00 +17.50 Unquoted – –
Dec 647.50 +17.50 Unquoted – –
Jan/Feb/Mar 660.00 +17.50 Unquoted – –
Apr/May/Jun 660.00 +15.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Nov 630.00 +12.50 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Nov 510.00 +12.50 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Nov 2,520.00 +40.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Nov 166.00 +03.00 Unquoted – –
($1=MYR4.1420)

DJ China Dalian Grain Futures Closing Prices, Volume – Nov 11
Soybean No. 1
Turnover: 215,658 lots, or 7.45 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-19 – – – 3,276 3,276 3,276 0 0 0
Jan-20 3,386 3,435 3,379 3,416 3,383 3,414 31 187,086 185,346
Mar-20 3,470 3,470 3,470 3,470 3,421 3,470 49 2 70
May-20 3,681 3,706 3,681 3,696 3,685 3,696 11 26,132 89,312
Jul-20 3,749 3,760 3,749 3,760 3,741 3,754 13 8 52
Sep-20 3,761 3,781 3,761 3,768 3,756 3,773 17 2,430 10,358
Corn
Turnover: 1,582,038 lots, or 29.73 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-19 – – – 1,822 1,822 1,822 0 0 12,000
Jan-20 1,864 1,868 1,846 1,855 1,856 1,856 0 1,080,094 1,333,978
Mar-20 1,900 1,900 1,883 1,891 1,891 1,889 -2 145,354 542,738
May-20 1,949 1,951 1,931 1,938 1,942 1,939 -3 331,450 861,732
Jul-20 1,966 1,971 1,957 1,959 1,965 1,962 -3 1,128 8,658
Sep-20 1,994 1,996 1,981 1,985 1,990 1,986 -4 24,012 103,896
Soymeal
Turnover: 2,741,196 lots, or 78.60 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-19 – – – 2,982 2,982 2,982 0 0 0
Dec-19 2,913 2,921 2,880 2,900 2,907 2,903 -4 1,344 4,148
Jan-20 2,933 2,936 2,887 2,891 2,936 2,905 -31 1,533,204 1,611,950
Mar-20 2,851 2,858 2,807 2,810 2,857 2,830 -27 85,916 375,946
May-20 2,836 2,843 2,788 2,791 2,839 2,809 -30 936,828 2,280,028
Jul-20 2,855 2,858 2,808 2,813 2,857 2,827 -30 186 1,608
Aug-20 2,840 2,840 2,825 2,839 2,862 2,834 -28 6 142
Sep-20 2,880 2,893 2,840 2,845 2,885 2,862 -23 183,712 761,104
Palm Oil
Turnover: 4,512,774 lots, or 24.68 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 – – – 5,332 5,332 5,332 0 0 2
Jan-20 5,388 5,542 5,340 5,542 5,330 5,434 104 3,770,858 852,696
Feb-20 5,436 5,558 5,412 5,558 5,346 5,492 146 44 714
Mar-20 – – – 5,692 5,542 5,692 150 0 20
Apr-20 – – – 5,626 5,478 5,626 148 0 2
May-20 5,596 5,732 5,548 5,732 5,512 5,640 128 731,978 485,674
Jun-20 – – – 5,650 5,522 5,650 128 0 10
Jul-20 5,600 5,600 5,600 5,600 5,442 5,600 158 2 606
Aug-20 – – – 5,296 5,148 5,296 148 0 2
Sep-20 5,370 5,550 5,370 5,550 5,338 5,458 120 9,888 34,340
Oct-20 5,644 5,644 5,612 5,612 5,442 5,628 186 4 8
Soybean Oil
Turnover: 1,884,978 lots, or 12.10 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 6,384 6,430 6,384 6,430 6,284 6,414 130 6 12
Jan-20 6,404 6,514 6,366 6,484 6,358 6,440 82 1,442,176 875,774
Mar-20 6,444 6,540 6,340 6,518 6,362 6,420 58 26 704
May-20 6,300 6,436 6,284 6,416 6,248 6,352 104 421,748 479,738
Jul-20 6,458 6,458 6,458 6,458 6,232 6,458 226 2 534
Aug-20 – – – 6,236 6,018 6,236 218 0 0
Sep-20 6,246 6,346 6,214 6,326 6,186 6,278 92 21,020 126,688
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