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

WHEAT:
General Comments: Wheat markets were lower for the week and the Chicago Winter Wheat markets took out support levels to turn trends down. Improving weather around the world and here at home was the big reason to see some selling hit the markets, but reports that Russia and Europe are turning dry again could support the markets. The big negative for the market is still better weather for Europe and Russia. Europe got some rains after a prolonged dry spell and Russia also got a little rain in northern and central areas. The rains in Russia are leaving southern areas dry. The US Midwest has also seen a lot of rain and a bumper SRW crop is expected. It was very cold over the weekend in many SRW areas and a frost or freeze hit many Wheat areas and caused some losses. Reduced production ideas are floated for HRW areas. It has been hot and dry in central and southern areas after a freeze a few weeks ago. The crop suffered Winterkill first and now is suffering under the hot and dry weather. It has been mostly dry but cold in the northern Great Plains and into the Canadian Prairies but the market is less concerned about production potential for Spring Wheat crops.
Overnight News: The southern Great Plains should get dry conditions. Temperatures should be below normal. Northern areas should see dry conditions. Temperatures will average below normal. The Canadian Prairies should see scattered showers. Temperatures should average below normal.
Chart Analysis: Trends in Chicago are down with objectives of 492 and 468 July. Support is at 494, 488, and 482 July, with resistance at 506, 508, and 513 July. Trends in Kansas City are down with objectives of 436 and 418 July. Support is at 447, 439, and 431 July, with resistance at 457, 468, and 473 July. Trends in Minneapolis are mixed. Support is at 506, 502, and 497 July, and resistance is at 517, 524, and 526 July.

COT — Supplemental Report – Option and Futures Combined Positions as of May 12, 2020
: 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 474,540
: Positions :
: 51,473 86,151 143,185 85,400 159,489 166,799 42,700 446,857 431,526: 27,682 43,014
: Changes from: May 5, 2020 (Change in open interest: 6,570) :
: -3,011 1,862 3,973 3,263 -716 3,030 1,637 7,256 6,755: -686 -185
: Percent of Open Interest Represented by Each Category of Trader :
: 10.8 18.2 30.2 18.0 33.6 35.1 9.0 94.2 90.9: 5.8 9.1
: Total Traders: 358 Number of Traders in Each Category :
: 86 97 109 75 105 49 23 275 281:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of May 12, 2020
: 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 229,126
: Positions :
: 25,597 43,588 52,184 57,252 100,848 72,874 10,656 207,907 207,275: 21,219 21,850
: Changes from: May 5, 2020 (Change in open interest: -9,412) :
: -2,416 1,107 -5,365 275 -6,286 -2,308 -339 -9,813 -10,883: 401 1,471
: Percent of Open Interest Represented by Each Category of Trader :
: 11.2 19.0 22.8 25.0 44.0 31.8 4.7 90.7 90.5: 9.3 9.5
: Total Traders: 232 Number of Traders in Each Category :
: 39 55 64 69 75 34 11 184 172:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 12, 2020
: 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 72,480 :
: Positions :
: 45,811 29,391 2,089 14 339 2,041 26,684 1,541 5,046 2,377 2,017 :
: Changes from: May 5, 2020 :
: 410 -1,409 23 -8 47 -377 373 39 -795 -124 85 :
: Percent of Open Interest Represented by Each Category of Trader :
: 63.2 40.6 2.9 0.0 0.5 2.8 36.8 2.1 7.0 3.3 2.8 :
: Number of Traders in Each Category Total Traders: 82 :
: 43 25 . . . 4 15 . 6 7 6 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 12, 2020
: 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 26,188 :
: Positions :
: 9,248 24,051 0 103 441 14,664 0 38 455 0 950 :
: Changes from: May 5, 2020 :
: -1,233 -1,267 0 8 -11 49 0 -2 -111 0 75 :
: Percent of Open Interest Represented by Each Category of Trader :
: 35.3 91.8 0.0 0.4 1.7 56.0 0.0 0.1 1.7 0.0 3.6 :
: Number of Traders in Each Category Total Traders: 29 :
: 11 20 0 . . 5 0 . . 0 . :
—————————————————————————————————————-

RICE
General Comments: Rice was a little lower on the weekly charts as May expired and July became the front month. July was higher for the week but new crop months were a little lower. The domestic situation remains tight for the old crop months. New crop months have reflected ideas of greatly increased planted area from producers. Some producers are selling the next crop and some hedge selling has been seen in new crop months in futures but this has dried up as Arkansas has been cool and wet for planting. Planting should be active again this week in the state and northern sections of the state are reported to be planted already. Mississippi has also had problems planting the crop due to too much rain but the crop is being planted. Demand for US Rice remains generally positive and the export sales pace in general has been very good. However, they were a marketing year low last week at about 28,000 tons. The weekly crop progress reports showed that southern Rice is emerging well. Some Rice in Texas and Louisiana is in flood.
Overnight News: The Delta should get mostly dry conditions Temperatures should be generally below normal.
Chart Analysis: Trends are up with no objectives. Support is at 1581, 1562, and 1554 July, with resistance at 1656, 1668, and 1680 July.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 12, 2020
: 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 13,508 :
: Positions :
: 5,533 9,645 132 0 0 2,665 700 459 1,184 163 1,245 :
: Changes from: May 5, 2020 :
: -136 -159 70 0 0 -109 0 0 30 76 206 :
: Percent of Open Interest Represented by Each Category of Trader :
: 41.0 71.4 1.0 0.0 0.0 19.7 5.2 3.4 8.8 1.2 9.2 :
: Number of Traders in Each Category Total Traders: 54 :
: 15 18 . 0 0 12 . . 11 5 11 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn was about unchanged in quiet trading last week. It is possible that futures have seen at least a short term low. The main fundamental remains demand destruction caused by the lack of ethanol demand and the lack of feed demand. Both have been detrimentally affected by the Coronavirus. The virus has caused states to impose stay at home orders on its people, meaning no one is driving and consuming gas. Some states are starting to open now in the US but it is unclear if the people will move out and enjoy life as before. The experience in other countries suggests that the people will be very cautious in any activities and really not go out and spend money or hit the stores as before. Driving will be significantly less either way. Feed demand has been reduced as packers have been forced to shut plants down due to infected employees in the plants. The plants are opening now with some government mandated protections for workers, but not all workers are back to work and the social distancing requirements means that less meat can be processed in any case. Cattle and hog producers are seeing much less demand for their production and that has affected feed demand. The weather is improving after the recent cold spell. It is now warmer with some showers around.
Overnight News:
Chart Analysis: Trends in Corn are mixed. Support is at 314, 312, and 308 July, and resistance is at 324, 327, and 332 July. Trends in Oats are up with no objectives. Support is at 309, 300, and 295 July, and resistance is at 321 324, and 337 July.

COT — Supplemental Report – Option and Futures Combined Positions as of May 12, 2020
: 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 1,814,501
: Positions :
: 93,315 360,908 444,071 639,946 669,867 412,639 132,195 1,589,972 1,607,042: 224,529 207,459
: Changes from: May 5, 2020 (Change in open interest: 39,195) :
: -729 20,562 21,151 12,954 -6,424 702 4,912 34,078 40,202: 5,117 -1,007
: Percent of Open Interest Represented by Each Category of Trader :
: 5.1 19.9 24.5 35.3 36.9 22.7 7.3 87.6 88.6: 12.4 11.4
: Total Traders: 789 Number of Traders in Each Category :
: 125 169 183 359 332 48 30 638 623:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 12, 2020
: Reportable Positions :
:————————————————————————————————————- :
: Producer/Merchant : : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables :
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading :
—————————————————————————————————————-
OATS – CHICAGO BOARD OF TRADE (CONTRACTS OF 5,000 BUSHELS) :
CFTC Code #004603 Open Interest is 4,160 :
: Positions :
: 1,123 2,898 86 0 0 417 0 0 756 17 183 :
: Changes from: May 5, 2020 :
: 15 395 0 0 0 159 0 0 111 1 -10 :
: Percent of Open Interest Represented by Each Category of Trader :
: 27.0 69.7 2.1 0.0 0.0 10.0 0.0 0.0 18.2 0.4 4.4 :
: Number of Traders in Each Category Total Traders: 24 :
: 7 12 . 0 0 . 0 0 5 . . :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans and products closed mixed last week wjth Soybeans a little higher and Soybean Meal a little lower. Soybeans and also Soybean Oil found support after some significant purchases from China. China used the break in prices to buy at least 300,000 tons of Soybeans and possibly more. The news buoyed a market in search of demand. The demand has been slow otherwise with the significant competition from Brazil. The Real has weakened a lot against the US Dollar and Brazil producers can sell at very high prices in the local currency. Weather became more important late in the week but it is improving with warmer temperatures. Some Soybeans might need to be replanted this week. Brazil production is almost sold out now. Production estimates are slightly less than before due to hot and dry weather in some areas.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed. Support is at 832, 830, and 818 July, and resistance is at 850, 861, and 868 July. Trends in Soybean Meal are mixed to down with objectives of 284.00 and 279.00 July. Support is at 286.00, 283.00, and 280.00 July, and resistance is at 290.00, 294.00, and 296.00 July. Trends in Soybean Oil are mixed. Support is at 2560, 2520, and 2450 July, with resistance at 2650, 2680, and 2700 July.
COT — Supplemental Report – Option and Futures Combined Positions as of May 12, 2020
: 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 1,025,674
: Positions :
: 91,235 75,316 279,239 361,584 550,582 214,629 58,475 946,687 963,613: 78,987 62,061
: Changes from: May 5, 2020 (Change in open interest: 52,418) :
: 14,470 -4,410 11,266 17,858 45,556 4,054 295 47,648 52,708: 4,770 -290
: Percent of Open Interest Represented by Each Category of Trader :
: 8.9 7.3 27.2 35.3 53.7 20.9 5.7 92.3 93.9: 7.7 6.1
: Total Traders: 574 Number of Traders in Each Category :
: 168 103 186 200 191 52 25 506 441:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of May 12, 2020
: 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 510,840
: Positions :
: 33,975 62,727 124,748 207,403 268,939 106,113 24,498 472,239 480,912: 38,601 29,928
: Changes from: May 5, 2020 (Change in open interest: 10,041) :
: 925 3,087 4,446 4,033 2,279 179 583 9,583 10,394: 459 -353
: Percent of Open Interest Represented by Each Category of Trader :
: 6.7 12.3 24.4 40.6 52.6 20.8 4.8 92.4 94.1: 7.6 5.9
: Total Traders: 316 Number of Traders in Each Category :
: 56 75 91 94 86 39 23 248 240:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of May 12, 2020
: 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 479,565
: Positions :
: 32,972 48,721 88,856 197,787 282,622 110,202 30,832 429,816 451,030: 49,749 28,536
: Changes from: May 5, 2020 (Change in open interest: 20,150) :
: 3,862 -1,454 8,290 6,499 7,656 799 5,178 19,451 19,670: 699 480
: Percent of Open Interest Represented by Each Category of Trader :
: 6.9 10.2 18.5 41.2 58.9 23.0 6.4 89.6 94.0: 10.4 6.0
: Total Traders: 274 Number of Traders in Each Category :
: 60 50 73 88 80 37 16 225 189:
——————————————————————————————————————-

Alerts History
• 15-May-2020 11:00:26 AM – U.S. APRIL SOYBEAN CRUSH 171.754 MLN BU – NOPA
• 15-May-2020 11:00:26 AM – U.S. APRIL SOYOIL STOCKS 2.111 BLN LBS – NOPA
• 15-May-2020 11:00:26 AM – U.S. APRIL SOYMEAL EXPORTS 890,931 TONS – NOPA

CANOLA AND PALM OIL
General Comments: World vegetable oils markets were all higher last week. Palm Oil closed higher after news of big stocks levels from MPOB. The rally on bad news was positive and indicates that the bad news for Palm Oil is already in the market. Palm Oil is hoping for better demand from importers as world economies slowly open after being closed by the Coronavirus epidemic. Soybean Oil was higher last week and Canola was also higher. Palm Oil and Soybean Oil were hurt by the lack of bio fuels demand, but the demand loss appears to be part of the market price now. The same factors affecting ethanol demand are affecting demand for other bio fuels. People are driving less due to the Coronavirus and even reduced Crude Oil production has not been enough to lift prices to profitable levels for bio fuels producers. Canola has found support from the recent recovery in Soybeans and Soybean Oil along with a weaker Canadian Dollar. Canola is more of a food oil than the others, although it also has bio fuels uses. China has recently allowed Canadian Canola imports to resume, so demand could soon improve. The weather has been cold in the Prairies and planting has been delayed. It will turn warmer this week.
Overnight News:
Chart Analysis: Trends in Canola are up with objectives of 475.00 July. Support is at 465.00, 462.00, and 459.00 July, with resistance at 474.00, 478.00, and 482.00 July. Trends in Palm Oil are mixed. Support is at 2010, 1970, and 1950 August, with resistance at 2090, 2120, and 2170 August.

DJ Canadian Grain Handling Summary – May 15
WINNIPEG–The following are Canadian grain handling summary
statistics for the week ended May 10, 2020. Figures in thousands of metric
tons.
Source: Canadian Grain Commission.
Durum
Wheat Wheat Oats Barley Flax Canola Peas Corn Total*
COMMERCIAL STOCKS
This Week 2799.1 597.0 253.7 434.6 78.5 1157.3 326.6 126.2 6338.3
Week Ago 3087.6 704.7 256.6 439.2 75.4 1230.3 396.5 120.2 6920.7
Year Ago 2446.5 592.2 197.7 304.2 72.7 1072.1 283.0 439.3 6155.5
PRODUCER DELIVERIES
This Week 310.4 67.6 24.6 63.0 17.8 369.5 64.3 5.0 1003.1
Week Ago 408.8 66.8 34.4 73.3 19.1 398.4 82.4 5.1 1165.5
To Date 16670.8 3958.7 2102.1 3204.8 288.2 15629.9 3256.6 283.5 48518.1
Year Ago 16773.0 3453.1 1766.7 2902.0 315.9 14129.1 2682.3 444.5 45623.5
TERMINAL RECEIPTS
This Week 522.5 124.4 2.0 87.5 20.6 165.6 61.1 27.0 1102.9
Week Ago 479.2 235.3 0.0 44.1 5.4 181.3 90.0 19.1 1161.3
To Date 14487.0 4737.9 386.7 1619.3 106.5 8444.4 2056.7 217.0 36479.0
Year Ago 15651.4 3787.4 319.2 1808.6 103.6 7716.3 1526.5 1052.7 37583.3
EXPORTS
This Week 755.0 204.9 9.2 64.5 0.9 138.6 67.6 8.6 1313.1
Week Ago 295.1 180.7 42.1 1.2 1.0 173.0 57.2 10.8 847.1
To Date 12642.8 4017.4 1348.2 1614.9 114.3 7704.0 2065.2 40.2 32936.3
Year Ago 13961.2 3441.3 1228.4 1975.1 189.8 7176.4 1564.9 1160.3 34707.1
DOMESTIC DISAPPEARANCE
This Week 50.0 6.4 18.9 26.8 3.4 237.0 10.5 7.2 392.7
Week Ago 119.8 12.9 19.1 24.4 1.5 187.5 6.0 9.7 429.3
To Date 3150.6 308.1 576.1 1268.9 41.8 8112.9 183.3 455.3 15417.7
Year Ago 3082.6 265.2 234.6 884.7 45.1 7168.9 167.2 886.2 14537.9
*Totals include data from other crops not shown including rye, soybeans,
canaryseed, mustard seed, beans, lentils and chickpeas.
Source: Commodity News Service Canada (Phil Franz-Warkentin,
news@marketsfarm.com, or 204-414-9084)

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 12, 2020
: 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 184,139 :
: Positions :
: 159,018 113,585 416 869 1,135 5,375 43,956 2,611 3,145 8,708 11,488 :
: Changes from: May 5, 2020 :
: 1,530 8,032 -1 -36 -107 608 -4,823 249 681 -418 -1,792 :
: Percent of Open Interest Represented by Each Category of Trader :
: 86.4 61.7 0.2 0.5 0.6 2.9 23.9 1.4 1.7 4.7 6.2 :
: Number of Traders in Each Category Total Traders: 197 :
: 31 46 . 4 . 12 43 7 34 41 14 :
—————————————————————————————————————-

Midwest Weather Forecast: Mostly dry early this week but showers are possible this weekend. Temperatures should average near normal

US Gulf Cash Basis
Corn HRW SRW Soybeans
Soybean Meal Soybean Oil
May
+45 May
+128 May
+60 May
+47 July
+12 July
N/A
June
+45 July
+50 July
+53 July

July
+45 July
+50 July
+57 July

DJ ICE Canada Cash Grain Close – May 15
WINNIPEG — The following are the closing cash
canola prices from ICE Futures.
Source: ICE Futures
Price Basis Contract Change
CANOLA
*Par Region 457.70 -13.00 Jul 2020 dn 0.80
Basis: Thunder Bay 482.30 10.00 Jul 2020 up 1.60
Basis: Vancouver 497.30 25.00 Jul 2020 up 1.60
All prices in Canadian dollars per metric tonne.
*Quote for previous day
Source: Commodity News Service Canada
(news@marketsfarm.com, 204-414-9084, or cell
204-782-5944)

DJ Malaysian PM Cash Market Prices for Palm Oil – May 18
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
Jun 532.50 +07.50 Unquoted – –
Jul/Aug/Sep 522.50 +15.00 Unquoted – –
Oct/Nov/Dec 532.50 +10.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded

Jun 535.00 +07.50 Unquoted – –
Jul/Aug/Sep 525.00 +15.00 Unquoted – –
Oct/Nov/Dec 535.00 +10.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Jun 537.50 — Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Jun 507.50 — Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jun 2,190.00 — Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jun 164.00 — Unquoted – –
($1=MYR4.3685)

DJ China Dalian Grain Futures Closing Prices, Volume – May 18
Soybean No. 1
Turnover: 285,020 lots, or 12.24 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-20 5,380 5,380 5,300 5,300 5,342 5,339 -3 81 210
Jul-20 5,018 5,040 5,000 5,019 5,011 5,016 5 514 1,595
Sep-20 4,350 4,368 4,271 4,281 4,371 4,304 -67 276,285 152,883
Nov-20 3,987 3,995 3,914 3,948 3,987 3,961 -26 54 486
Jan-21 3,956 3,973 3,891 3,907 3,956 3,921 -35 8,066 16,481
Mar-21 3,927 3,941 3,927 3,939 3,908 3,933 25 20 40
Corn
Turnover: 551,088 lots, or 11.27 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-20 2,000 2,000 2,000 2,000 2,000 2,000 0 300 2,988
Jul-20 2,001 2,018 2,000 2,015 2,010 2,010 0 15,107 52,437
Sep-20 2,027 2,051 2,026 2,049 2,038 2,040 2 452,774 742,380
Nov-20 2,045 2,070 2,045 2,069 2,055 2,061 6 6,223 4,960
Jan-21 2,064 2,089 2,062 2,086 2,074 2,077 3 73,831 160,188
Mar-21 2,074 2,099 2,074 2,099 2,088 2,091 3 2,853 2,381
Soymeal
Turnover: 1,388,245 lots, or 37.97 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-20 2,580 2,580 2,515 2,553 2,594 2,554 -40 94 1,000
Jul-20 2,568 2,620 2,566 2,616 2,570 2,596 26 46,158 72,902
Aug-20 2,684 2,751 2,559 2,751 2,686 2,705 19 13,537 18,633
Sep-20 2,701 2,750 2,700 2,748 2,703 2,728 25 1,116,289 1,690,754
Nov-20 2,738 2,783 2,737 2,782 2,740 2,762 22 8,310 13,576
Dec-20 2,790 2,820 2,790 2,818 2,779 2,815 36 76 383
Jan-21 2,778 2,822 2,775 2,812 2,781 2,802 21 203,246 431,371
Mar-21 2,723 2,750 2,720 2,730 2,723 2,734 11 535 1,910
Palm Oil
Turnover: 998,038 lots, or 45.19 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-20 4,596 4,648 4,596 4,648 4,536 4,616 80 280 4,191
Jun-20 4,662 4,690 4,662 4,690 4,646 4,680 34 3 6
Jul-20 4,750 4,822 4,720 4,720 4,700 4,748 48 6 27
Aug-20 4,636 4,636 4,636 4,636 4,560 4,636 76 1 7
Sep-20 4,482 4,562 4,474 4,542 4,446 4,520 74 946,494 413,155
Oct-20 4,408 4,496 4,408 4,478 4,386 4,464 78 69 336
Nov-20 4,444 4,518 4,444 4,500 4,428 4,478 50 84 178
Dec-20 4,592 4,598 4,550 4,598 4,498 4,584 86 7 180
Jan-21 4,618 4,698 4,606 4,684 4,584 4,658 74 51,069 96,445
Feb-21 4,666 4,666 4,666 4,666 4,638 4,666 28 2 21
Mar-21 4,760 4,760 4,710 4,710 4,652 4,734 82 2 19
Apr-21 4,664 4,756 4,652 4,756 4,646 4,660 14 21 21
Soybean Oil
Turnover: 429,034 lots, or 23.29 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-20 – – – 5,396 5,396 5,396 0 0 3,736
Jul-20 – – – 5,448 5,448 5,448 0 0 5
Aug-20 5,412 5,424 5,412 5,424 5,430 5,418 -12 2 3
Sep-20 5,412 5,448 5,384 5,420 5,382 5,418 36 386,568 413,337
Nov-20 5,456 5,520 5,418 5,472 5,446 5,468 22 10 409
Dec-20 – – – 5,526 5,504 5,526 22 0 34
Jan-21 5,498 5,550 5,482 5,522 5,470 5,516 46 42,454 90,997
Mar-21 – – – 5,480 5,480 5,480 0 0 21
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