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

Alerts History
• 01-Jun-2020 05:30:28 AM – CHINA HAS ASKED MAJOR STATE FIRMS TO HALT PURCHASES OF SOYBEANS, PORK FROM U.S. AFTER U.S. ACTIONS ON HONG KONG – SOURCES
• 01-Jun-2020 05:31:47 AM – CHINA READY TO HALT PURCHASES OF OTHER U.S. FARM GOODS IF U.S. TAKES FURTHER ACTIONS – SOURCES
China asks state firms to halt purchases of U.S. soybeans, pork, say sources – Reuters
01-Jun-2020 05:40:13 AM To view this story on Eikon, click here
BEIJING, June 1 (Reuters) – China has asked its state-owned firms to halt purchases of soybeans and pork from the United States, two people familiar with the matter said, after Washington said it would eliminate special U.S. treatment for Hong Kong to punish Beijing.
China could expand the order to include additional U.S. farm goods if Washington took further action, the people said.

WHEAT:
General Comments: Wheat markets finished the week higher, especially in Chicago HRW and Minneapolis Spring Wheat markets. It was a week of mixed weather news as Russia got good rains in just about all areas but parts of Europe and the western Great Plains of the US stayed dry. The weather is also good in Australia and has been good for planting in Argentina although Argentina has also been drier than normal. Frequent showers are being reported in most of Australia. The big weather feature is the dry weather in Europe and the US and this dry weather has been supporting world prices and futures price action. Competition for sales is expected to be tough even with less in the US and Europe as Australia is coming back after years of drought and as Russia has better weather and improved production prospects. The harvest, small or big, is coming and prices usually start to move lower soon and remain down through the harvest. Any rally at this time might not go much farther.
Overnight News: The southern Great Plains should get dry conditions. Temperatures should be near normal. Northern areas should see scattered showers. Temperatures will average near to below normal. The Canadian Prairies should see mostly dry conditions. Temperatures should average below normal.
Chart Analysis: Trends in Chicago are mixed to up with no objectives. Support is at 512, 501, and 496 July, with resistance at 538, 535, and 540 July. Trends in Kansas City are mixed to up with objectives of 476 and 498 July. Support is at 461, 457, and 452 July, with resistance at 473, 477, and 486 July. Trends in Minneapolis are mixed to up with objectives of 536, 545, and 587 July. Support is at 518, 510, and 504 July, and resistance is at 526, 534, and 538 July.

COT — Supplemental Report – Option and Futures Combined Positions as of May 26, 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 504,578
: Positions :
: 54,059 97,376 152,530 99,505 163,118 169,863 47,451 475,958 460,475: 28,620 44,103
: Changes from: May 19, 2020 (Change in open interest: 65) :
: 4,717 -6,039 -2,736 409 7,830 -1,067 1,257 1,323 312: -1,257 -247
: Percent of Open Interest Represented by Each Category of Trader :
: 10.7 19.3 30.2 19.7 32.3 33.7 9.4 94.3 91.3: 5.7 8.7
: Total Traders: 351 Number of Traders in Each Category :
: 84 96 109 70 101 49 24 268 277:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of May 26, 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 251,063
: Positions :
: 26,768 66,252 59,000 72,362 90,449 71,154 14,901 229,283 230,603: 21,780 20,460
: Changes from: May 19, 2020 (Change in open interest: 5,794) :
: 1,988 9,184 -920 3,666 -3,425 1,038 2,158 5,772 6,997: 22 -1,204
: Percent of Open Interest Represented by Each Category of Trader :
: 10.7 26.4 23.5 28.8 36.0 28.3 5.9 91.3 91.9: 8.7 8.1
: Total Traders: 234 Number of Traders in Each Category :
: 45 59 57 69 73 32 12 178 174:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 26, 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 74,169 :
: Positions :
: 46,953 32,046 2,219 0 342 2,967 25,885 1,982 4,216 2,115 2,624 :
: Changes from: May 19, 2020 :
: -1,101 1,932 38 -68 41 491 -1,992 281 123 -360 -21 :
: Percent of Open Interest Represented by Each Category of Trader :
: 63.3 43.2 3.0 0.0 0.5 4.0 34.9 2.7 5.7 2.9 3.5 :
: Number of Traders in Each Category Total Traders: 91 :
: 48 32 . 0 . 5 15 5 8 7 8 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 26, 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 26,913 :
: Positions :
: 9,183 23,900 21 100 654 15,320 0 51 190 404 1,215 :
: Changes from: May 19, 2020 :
: -27 -159 21 -178 330 3 0 11 -210 187 288 :
: Percent of Open Interest Represented by Each Category of Trader :
: 34.1 88.8 0.1 0.4 2.4 56.9 0.0 0.2 0.7 1.5 4.5 :
: Number of Traders in Each Category Total Traders: 31 :
: 13 20 . . . 5 0 . . . . :
—————————————————————————————————————-

RICE
General Comments: Rice was a little higher in new crop months and much higher in old crop July. The funds are buying the old crop futures on ideas of supply tightness. The combination of good export buying in general and the buying inside the US due to the Coronavirus has made the market short Rice. There are ideas that the mills are well covered into new crop, but little Rice is available from producers. Most of the unsold Rice is in Arkansas. The crops are in very good condition in the south and near the Gulf Coast but planting has been problematic in parts of Mississippi, Arkansas, and Missouri. Ideas are that the long grain will get planted and producers will not plant medium grain if some prevent planting is needed. There are still ideas that the US will have a much bigger crop to harvest this Fall. Meanwhile, July appears destined to test the highs made by the July contract.
Overnight News: The Delta should get scattered showers. Temperatures should be generally above normal.
Chart Analysis: Trends are up with objectives of 1782 and 1863 July. Support is at 1654, 1640, and 1620 July, with resistance at 1731, 1744, and 1756 July.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 26, 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 13,557 :
: Positions :
: 5,434 9,773 60 0 0 2,479 726 425 1,216 24 1,368 :
: Changes from: May 19, 2020 :
: -183 185 -98 0 0 -43 26 -21 87 -111 12 :
: Percent of Open Interest Represented by Each Category of Trader :
: 40.1 72.1 0.4 0.0 0.0 18.3 5.4 3.1 9.0 0.2 10.1 :
: Number of Traders in Each Category Total Traders: 53 :
: 18 18 . 0 0 13 . . 12 . 10 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn was higher on what appeared to be fund short covering. There did not appear to be much in the fundamentals to trigger the move, but demand is slowly improving for Corn. Meats processors are back and are aiming to restore 80% to 85% of capacity kill rates in their plants. The backlog of Cattle and Hogs will slowly disappear under this scenario and meats wholesale and retail prices will fall. This will take some time, but it is starting to come to pass. Ethanol demand is also improving as lock down orders are lifter in most states and in Europe. Demand for gasoline and ethanol has gotten a little stronger and should continue to improve over time. All this still implies that ending stocks for Corn as projected by USDA can increase, but the increase should not be as great as originally thought. Export demand is becoming more difficult with US prices quoted above those in Argentina and Ukraine. Corn can rally a little more before the current seasonal rally runs out of steam as the funds still hold a significant short position and as farmers are scale up selling into the rally.
Overnight News:
Chart Analysis: Trends in Corn are mixed to up with objectives of 346 July. Support is at 323, 320, and 315 July, and resistance is at 330, 332, and 340 July. Trends in Oats are mixed to up with objectives of 346 July. Support is at 323, 320, and 315 July, and resistance is at 330, 335, and 339 July.

COT — Supplemental Report – Option and Futures Combined Positions as of May 26, 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 1,840,617
: Positions :
: 97,224 409,683 441,678 656,444 647,175 410,263 141,823 1,605,608 1,640,360: 235,008 200,257
: Changes from: May 19, 2020 (Change in open interest: 5,666) :
: 1,191 23,546 -9,350 5,217 -12,672 1,182 6,494 -1,761 8,017: 7,426 -2,351
: Percent of Open Interest Represented by Each Category of Trader :
: 5.3 22.3 24.0 35.7 35.2 22.3 7.7 87.2 89.1: 12.8 10.9
: Total Traders: 774 Number of Traders in Each Category :
: 133 155 181 357 323 49 33 643 606:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 26, 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 5,425 :
: Positions :
: 1,044 3,378 84 0 0 1,026 0 0 825 23 286 :
: Changes from: May 19, 2020 :
: 9 259 -1 0 0 276 0 0 59 9 26 :
: Percent of Open Interest Represented by Each Category of Trader :
: 19.3 62.3 1.5 0.0 0.0 18.9 0.0 0.0 15.2 0.4 5.3 :
: Number of Traders in Each Category Total Traders: 28 :
: 5 13 . 0 0 6 0 0 6 . . :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments Soybeans were a little higher on hopes for improved Chinese demand. These hopes got hurt a bit with the Chinese moves to clamp down on Hong Kong. China is looking to curb the dissent in Hong Kong over moves to bring the city more under central government control from Beijing. The world has objected and the US has now imposed some additional sanctions on the country. The sanctions seem designed to keep trade flowing between the countries so the market can feel some relief from that but the Chinese will probably retaliate with moves of its own and these could involve some trade. China has remained a very active buyer in South America even as it has increased Soybeans buying here in the US, so the overall amount taken from the US might not match the hopes of the trade. Brazil prices have been creeping higher for thee rest of the world as it starts to run out of Soybeans to export, so China and the rest of the world will look to the US and Argentina for additional supplies.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed. Support is at 818, 812, and 806 July, and resistance is at 852, 862, and 868 July. Trends in Soybean Meal are mixed. Support is at 280.00, 277.00, and 274.00 July, and resistance is at 286.00, 288.00, and 290.00 July. Trends in Soybean Oil are mixed to up with objectives of 2840 and 3020 July. Support is at 2690, 2660, and 2630 July, with resistance at 2770, 2810, and 2860 July.

COT — Supplemental Report – Option and Futures Combined Positions as of May 26, 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 1,042,699
: Positions :
: 80,906 94,966 282,888 379,199 540,095 219,436 63,648 962,430 981,597: 80,269 61,101
: Changes from: May 19, 2020 (Change in open interest: 3,934) :
: -5,032 4,645 521 8,154 -3,737 42 1,940 3,686 3,371: 248 563
: Percent of Open Interest Represented by Each Category of Trader :
: 7.8 9.1 27.1 36.4 51.8 21.0 6.1 92.3 94.1: 7.7 5.9
: Total Traders: 555 Number of Traders in Each Category :
: 158 99 182 197 185 52 25 490 427:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of May 26, 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 519,032
: Positions :
: 43,412 55,880 132,669 199,787 276,003 106,391 25,218 482,259 489,771: 36,773 29,262
: Changes from: May 19, 2020 (Change in open interest: 3,696) :
: 663 -1,961 4,751 -2,416 1,513 1,293 -324 4,291 3,978: -595 -283
: Percent of Open Interest Represented by Each Category of Trader :
: 8.4 10.8 25.6 38.5 53.2 20.5 4.9 92.9 94.4: 7.1 5.6
: Total Traders: 322 Number of Traders in Each Category :
: 61 72 93 97 87 40 24 259 241:
——————————————————————————————————————-

COT — Supplemental Report – Option Futures Combined Positions as of May 26, 2020
: and 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 495,460
: Positions :
: 38,495 72,211 86,830 206,447 271,066 108,402 34,205 440,173 464,312: 55,287 31,148
: Changes from: May 19, 2020 (Change in open interest: 5,808) :
: 2,556 8,339 -2,424 3,743 -1,749 -251 1,039 3,625 5,206: 2,184 603
: Percent of Open Interest Represented by Each Category of Trader :
: 7.8 14.6 17.5 41.7 54.7 21.9 6.9 88.8 93.7: 11.2 6.3
: Total Traders: 286 Number of Traders in Each Category :201:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: World vegetable oils markets were mixed last week. Palm Oil closed higher after news of renewed demand interest from India and China and on reports of less production from southern Malaysia. It was lower today on ideas that prices had rallied too much. Palm Oil has been hoping for better demand from importers as world economies slowly open after being closed by the Coronavirus epidemic. A government change in Malaysia helped open the Indian market to Malaysian imports again. Southern Malaysia producers reported a sharp drop in production and there are ideas that all of Malaysia will come in below previous months. Indonesia continues to focus its Palm Oil on internal demand for bio fuels. Soybean Oil was higher last week and Canola was lower. Canola fell on improved growing conditions in the Canadian Prairies. 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. However, a BC judge ruled against the release of the Huiwai executive last week and this renewed trade tensions between Canada and China. The weather has been warmer the past couple of weeks after weeks of cold and wet weather.
Overnight News:
Chart Analysis: Trends in Canola are mixed to down with no objectives. Support is at 459.00, 456.00, and 452.00 July, with resistance at 468.00, 470.00, and 472.00 July. Trends in Palm Oil are mixed to up with objectives of 2340 August. Support is at 2240, 2210, and 2120 August, with resistance at 2300, 2350, and 2390 August.

DJ Malaysia May Palm Oil Exports Rose 8.4% to 1,266,225 Tons, AmSpec Says
Malaysia’s palm oil exports during the May 1-31 period are estimated to have risen 8.4% from a month earlier to 1,266,225 metric tons, cargo surveyor AmSpec Agri Malaysia said Monday.
The following are the major items in the AmSpec estimate:
(All figures in metric tons)
May 1-31 April 1-30
RBD Palm Olein 537,488 392,629
RBD Palm Oil 106,205 101,455
RBD Palm Stearin 92,005 110,734
Crude Palm Oil 164,025 190,450
Total* 1,266,225 1,168,647
Major importers of Malaysian palm oil:
China
European Union
India & Subcontinent
Middle East
*Palm oil product volumes don’t add up to total as some products aren’t included.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 26, 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 197,974 :
: Positions :
: 172,311 125,659 399 890 1,276 5,332 44,159 2,885 2,261 8,614 12,579 :
: Changes from: May 19, 2020 :
: 4,815 2,138 -18 -51 200 -1,449 2,190 583 -65 -1,014 851 :
: Percent of Open Interest Represented by Each Category of Trader :
: 87.0 63.5 0.2 0.4 0.6 2.7 22.3 1.5 1.1 4.4 6.4 :
: Number of Traders in Each Category Total Traders: 204 :
: 30 49 . 4 4 10 49 9 31 44 14 :
—————————————————————————————————————-

Midwest Weather Forecast: Scattered showers this week with best amounts and coverage late in the week. Temperatures should average above normal

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
June +46 July +130 May +55 July +56 July N/A N/A
July +44 July +53 July +60 July
August +41 Sep +64 Aug

DJ ICE Canada Cash Grain Close – May 29
WINNIPEG, May 29 (MarketsFarm) – The following are the closing
cash canola prices from ICE Futures. Source: ICE Futures
Price Basis Contract Change
CANOLA
*Par Region 440.70 -20.00 July 2020 dn 2.80
Basis: Thunder Bay 471.10 10.00 July 2020 dn 0.40
Basis: Vancouver 486.10 25.00 July 2020 dn 0.40
All prices in Canadian dollars per metric ton.

DJ Malaysian PM Cash Market Prices for Palm Oil – June 1
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
June 577.50 +15.00 Unquoted – –
July 572.50 +15.00 Unquoted – –
Aug/Sep 567.50 +15.00 Unquoted – –
Oct/Nov/Dec 567.50 +12.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
June 580.00 +15.00 Unquoted – –
July 575.00 +15.00 Unquoted – –
Aug/Sep 570.00 +15.00 Unquoted – –
Oct/Nov/Dec 570.00 +12.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
June 565.00 +10.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
June 525.00 +10.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
June 2,400.00 +40.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
June 180.00 +05.00 Unquoted – –
($1=MYR4.3155)

DJ China Dalian Grain Futures Closing Prices, Volume – Jun 01
Soybean No. 1
Turnover: 327,751 lots, or 14.94 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-20 5,017 5,045 4,997 5,021 5,010 5,018 8 121 1,464
Sep-20 4,551 4,647 4,487 4,544 4,549 4,574 25 317,940 113,441
Nov-20 4,120 4,136 4,061 4,106 4,115 4,105 -10 63 513
Jan-21 4,012 4,062 3,985 4,008 4,015 4,027 12 8,691 20,160
Mar-21 – – – 4,050 4,038 4,050 12 0 47
May-21 4,014 4,050 4,001 4,006 4,014 4,014 0 936 1,466
Corn
Turnover: 533,943 lots, or 11.11 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-20 2,020 2,058 2,020 2,039 2,046 2,041 -5 11,684 33,710
Sep-20 2,078 2,084 2,062 2,069 2,074 2,071 -3 418,245 686,909
Nov-20 2,093 2,104 2,084 2,090 2,093 2,093 0 16,057 18,835
Jan-21 2,115 2,125 2,106 2,111 2,114 2,115 1 76,252 218,398
Mar-21 2,134 2,141 2,124 2,126 2,132 2,129 -3 2,196 3,650
May-21 2,155 2,161 2,144 2,149 2,150 2,150 0 9,509 21,180
Soymeal
Turnover: 1,693,337 lots, or 47.48 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-20 2,639 2,665 2,618 2,629 2,633 2,634 1 15,390 44,137
Aug-20 2,794 2,809 2,758 2,760 2,772 2,776 4 18,674 34,229
Sep-20 2,799 2,831 2,776 2,789 2,793 2,798 5 1,301,383 1,563,333
Nov-20 2,831 2,864 2,811 2,823 2,826 2,835 9 22,489 22,842
Dec-20 2,857 2,898 2,842 2,847 2,849 2,867 18 5,972 686
Jan-21 2,858 2,884 2,835 2,848 2,856 2,856 0 276,496 602,385
Mar-21 2,752 2,779 2,743 2,746 2,759 2,754 -5 178 1,617
May-21 2,688 2,707 2,672 2,677 2,688 2,684 -4 52,755 105,438
Palm Oil
Turnover: 1,089,180 lots, or 52.19 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jun-20 – – – 4,770 4,770 4,770 0 0 0
Jul-20 4,898 5,018 4,898 5,018 4,908 5,008 100 15 20
Aug-20 4,844 4,844 4,844 4,844 4,800 4,844 44 2 2
Sep-20 4,780 4,854 4,730 4,830 4,740 4,786 46 1,006,714 416,669
Oct-20 4,666 4,714 4,644 4,672 4,648 4,668 20 42 338
Nov-20 4,752 4,752 4,638 4,706 4,634 4,666 32 38 176
Dec-20 4,690 4,776 4,690 4,776 4,678 4,740 62 6 184
Jan-21 4,842 4,884 4,792 4,870 4,800 4,838 38 81,629 91,571
Feb-21 4,888 4,914 4,852 4,914 4,806 4,852 46 102 113
Mar-21 5,012 5,080 4,908 5,000 4,956 4,980 24 5 19
Apr-21 – – – 4,896 4,874 4,896 22 0 154
May-21 4,998 5,024 4,954 5,012 4,956 4,992 36 627 2,829
Soybean Oil
Turnover: 486,407 lots, or 27.54 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-20 – – – 5,590 5,590 5,590 0 0 5
Aug-20 – – – 5,520 5,520 5,520 0 0 2
Sep-20 5,656 5,684 5,620 5,660 5,600 5,652 52 419,663 411,829
Nov-20 5,670 5,736 5,670 5,736 5,646 5,696 50 5 401
Dec-20 5,826 5,826 5,720 5,720 5,714 5,772 58 8 29
Jan-21 5,702 5,734 5,674 5,720 5,670 5,710 40 64,683 126,581
Mar-21 5,768 5,768 5,768 5,768 5,730 5,768 38 2 14
May-21 5,732 5,754 5,708 5,748 5,708 5,730 22 2,046 3,458
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