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 after USDA raised US production prospects and raised world ending stocks levels. The moves by USDSA pointed to tough competition down the road for US export sales. The Winter Wheat markets hold to bearish trends on the weekly charts and this is especially true for the HRW market. Spring Wheat markets show down trends as the US and Canadian crops are getting planted and are reported to be in mostly good condition. The harvest has started in the central and southern Great Plains with variable yields reported because of freeze damage and then stress from hot and dry weather, but the yields from USDA were a little higher than expected and ay cuts to HRW production were offset by better SRW and White Wheat production. It remains dry in the western sections of the Great Plains but this will aid harvest progress now. Better rains are reported in Europe and Russia. Russia could turn hot and dry starting this week but soil moisture is good for now. Australia remains in good condition. The harvest is coming and prices usually start to move lower soon and remain down through the harvest.
Overnight News: The southern Great Plains should get dry conditions. Temperatures should be above normal. Northern areas should see scattered showers. Temperatures will average above normal. The Canadian Prairies should see mostly dry conditions. Temperatures should average above normal.
Chart Analysis: Trends in Chicago are mixed to down with objectives of 496, 492, and 489 July. Support is at 496, 494, and 487 July, with resistance at 509, 513, and 515 July. Trends in Kansas City are mixed to down with objectives of 436, 433, and 410 July. Support is at 445, 439, and 431 July, with resistance at 456, 460, and 466 July. Trends in Minneapolis are mixed to down with objectives of 505, 492, and 487 July. Support is at 502, 492, and 491 July, and resistance is at 519, 525, and 528 July.

COT — Supplemental Report – Option and Futures Combined Positions as of June 09, 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 501,935
: Positions :
: 62,768 105,776 154,418 77,079 148,011 176,925 50,145 471,190 458,351: 30,745 43,584
: Changes from: June 2, 2020 (Change in open interest: -14,258) :
: 1,491 5,441 -1,214 -10,146 -16,247 -4,074 -1,463 -13,943 -13,484: -315 -775
: Percent of Open Interest Represented by Each Category of Trader :
: 12.5 21.1 30.8 15.4 29.5 35.2 10.0 93.9 91.3: 6.1 8.7
: Total Traders: 356 Number of Traders in Each Category :
: 84 103 119 74 96 49 26 274 290:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of June 09, 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 244,743
: Positions :
: 27,389 60,644 55,926 65,288 88,863 73,625 15,154 222,228 220,588: 22,515 24,155
: Changes from: June 2, 2020 (Change in open interest: -3,499) :
: -979 -4,448 88 -3,342 -312 -539 -1,582 -4,772 -6,253: 1,273 2,754
: Percent of Open Interest Represented by Each Category of Trader :
: 11.2 24.8 22.9 26.7 36.3 30.1 6.2 90.8 90.1: 9.2 9.9
: Total Traders: 232 Number of Traders in Each Category :
: 47 56 63 68 71 30 13 188 170:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of June 9, 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 71,930 :
: Positions :
: 44,927 33,973 2,326 232 357 2,375 21,603 1,983 5,427 1,986 2,233 :
: Changes from: June 2, 2020 :
: -1,883 989 -89 -2 4 -450 -3,139 -467 396 177 -558 :
: Percent of Open Interest Represented by Each Category of Trader :
: 62.5 47.2 3.2 0.3 0.5 3.3 30.0 2.8 7.5 2.8 3.1 :
: Number of Traders in Each Category Total Traders: 91 :
: 48 35 . . . 4 14 . 7 7 6 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of June 9, 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 25,836 :
: Positions :
: 9,656 23,385 0 101 762 13,490 0 58 555 260 660 :
: Changes from: June 2, 2020 :
: -663 -104 0 -34 95 -177 0 0 339 0 -490 :
: Percent of Open Interest Represented by Each Category of Trader :
: 37.4 90.5 0.0 0.4 3.0 52.2 0.0 0.2 2.1 1.0 2.6 :
: Number of Traders in Each Category Total Traders: 31 :
: 11 21 0 . . 5 0 . . . . :
—————————————————————————————————————-

RICE
General Comments: Rice was a little higher in new crop months and much lower in old crop July. July started to collapse a week ago as the funds initially bought the market and then were forced to sell. The selling continued for most of the week last week, but July managed to close limit up on Friday. New crop months were relatively little changed as new crop prospects appear solid for increased production in the coming year. The funds were initially buying the old crop futures on ideas of supply tightness and started to buy again on Friday for the same reason. 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. The crops that got planted 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.
Overnight News: The Delta should get mostly dry conditions. Temperatures should be generally above normal.
Chart Analysis: Trends are mixed. Support is at 1535, 1525, and 1460 July, with resistance at 1665, 1731, and 1810 July.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of June 9, 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 14,507 :
: Positions :
: 6,179 10,161 78 0 0 1,505 544 390 1,475 60 2,205 :
: Changes from: June 2, 2020 :
: 324 116 0 0 0 -421 -61 136 21 -67 303 :
: Percent of Open Interest Represented by Each Category of Trader :
: 42.6 70.0 0.5 0.0 0.0 10.4 3.7 2.7 10.2 0.4 15.2 :
: Number of Traders in Each Category Total Traders: 57 :
: 18 21 . 0 0 12 . . 14 4 12 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn was a little lower on the weekly charts as the current seasonal rally appeared to stall. USDA made no big changes in its ending stocks estimates as it cut production due to losses last year in the Dakotas but also cut demand due to less ethanol production. Many in the trade expect further cuts to ethanol demand in coming reports. 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 lockdown 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. The US weather and growing conditions are becoming more important as Corn enters its greatest demand time for moisture. It will be hot and dry this week in the Great Plains and Midwest, but forecasts call for more rains after that. This implies that generally good growing conditions should continue. Continued hot and dry weather would imply yield loss potential and be a reason to see prices move sharply higher as funds and speculators in general are short the market. Oats gave up their rally last week and chart trends are turning down in a big way. Demand should start to back off now that many are leaving the house and are working again.
Overnight News:
Chart Analysis: Trends in Corn are mixed to up with objectives of 346 July. Support is at 328, 324, and 321 July, and resistance is at 335, 340, and 344 July. Trends in Oats are mixed. Support is at 312, 310, and 307 July, and resistance is at 323, 331, and 335 July.

COT — Supplemental Report – Option and Futures Combined Positions as of June 09, 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 1,938,786
: Positions :
: 98,115 430,400 493,063 671,078 657,503 428,794 150,262 1,691,050 1,731,228: 247,736 207,558
: Changes from: June 2, 2020 (Change in open interest: 32,853) :
: -3,334 13,732 16,553 9,475 -6,153 4,968 1,625 27,662 25,757: 5,190 7,095
: Percent of Open Interest Represented by Each Category of Trader :
: 5.1 22.2 25.4 34.6 33.9 22.1 7.8 87.2 89.3: 12.8 10.7
: Total Traders: 776 Number of Traders in Each Category :
: 134 167 188 355 316 51 33 655 606:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of June 9, 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 5,380 :
: Positions :
: 967 3,282 87 0 0 1,227 0 0 783 100 324 :
: Changes from: June 2, 2020 :
: -222 -383 -1 0 0 -120 0 0 -9 87 3 :
: Percent of Open Interest Represented by Each Category of Trader :
: 18.0 61.0 1.6 0.0 0.0 22.8 0.0 0.0 14.5 1.9 6.0 :
: Number of Traders in Each Category Total Traders: 30 :
: 4 12 . 0 0 8 0 0 6 . . :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans were higher improved Chinese demand. China is thought to have bought more than 1.0 million tons of US Soybeans in the past week, defying the talk that it would avoid US Soybeans due to the war of words between the two countries on Hong Kong and general human rights issues. The Chinese moves to clamp down on Hong Kong dissent was going to be a big negative for bilateral relations as the poliical situation between the US and China has deteriorated. China is looking to curb the dissent in Hong Kong over moves to bring the city more under central government control from Beijing. It is also moving against Muslims in western parts of the country. The world has objected and the US has now imposed some additional sanctions on the country. The sanctions were designed to keep trade flowing between the countries so the Chinese kept buying. 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 the 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. The US weather is considered good for growing Soybeans at this time, but traders are watching for potentially hot and dry weather for an extended period that could cut yield potential. Forecasts call for a hot and dry week this week, but rains are expected after that.
Overnight News: China bought 390,000 tons of US Soybeans over the weekend here.
Chart Analysis: Trends in Soybeans are mixed to up with objectives of 879, 883, and 889 July. Support is at 863, 861, and 857 July, and resistance is at 873, 877, and 881 July. Trends in Soybean Meal are mixed to up with objectives of 292.00 and 298.00 July. Support is at 286.00, 282.00, and 280.00 July, and resistance is at 292.00, 294.00, and 296.00 July. Trends in Soybean Oil are mixed to down with objectives of 2700 July. Support is at 2720, 2690, and 2660 July, with resistance at 2800, 2840, and 2860 July.

COT — Supplemental Report – Option and Futures Combined Positions as of June 09, 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 1,044,618
: Positions :
: 92,335 95,635 291,308 356,802 536,948 225,885 55,807 966,330 979,699: 78,288 64,919
: Changes from: June 2, 2020 (Change in open interest: -3,042) :
: 13,851 -2,264 5,987 -19,773 -705 -2,496 -9,681 -2,432 -6,662: -610 3,620
: Percent of Open Interest Represented by Each Category of Trader :
: 8.8 9.2 27.9 34.2 51.4 21.6 5.3 92.5 93.8: 7.5 6.2
: Total Traders: 569 Number of Traders in Each Category :
: 174 106 192 187 183 53 29 506 437:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of June 09, 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 518,021
: Positions :
: 39,719 58,280 127,245 205,681 280,395 107,703 24,592 480,348 490,511: 37,673 27,510
: Changes from: June 2, 2020 (Change in open interest: -7,243) :
: -5,187 6,823 -5,543 6,679 -3,383 -3,527 -2,519 -7,578 -4,623: 335 -2,620
: Percent of Open Interest Represented by Each Category of Trader :
: 7.7 11.3 24.6 39.7 54.1 20.8 4.7 92.7 94.7: 7.3 5.3
: Total Traders: 322 Number of Traders in Each Category :
: 53 84 95 95 91 39 26 256 250:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of June 09, 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 494,752
: Positions :
: 40,358 81,485 82,912 208,006 260,390 104,255 37,839 435,531 462,627: 59,220 32,125
: Changes from: June 2, 2020 (Change in open interest: -8,456) :
: 791 2,967 -4,227 -1,173 -3,412 -7,528 -3,621 -12,137 -8,293: 3,680 -163
: Percent of Open Interest Represented by Each Category of Trader :
: 8.2 16.5 16.8 42.0 52.6 21.1 7.6 88.0 93.5: 12.0 6.5
: Total Traders: 279 Number of Traders in Each Category :
: 52 61 66 100 88 35 21 223 209:
—————————————————————————————-

CANOLA AND PALM OIL
General Comments: World vegetable oils markets were mixed last week. Palm Oil closed lower on lower world equity markets and despite news of renewed demand interest from India and China and on reports of less production from Malaysia. SGS and AmSpec reported improved exports in its data last week. Palm Oil has been hoping for better demand from importers as world economies slowly open after being closed by the Coronavirus epidemic. Indonesia continues to focus its Palm Oil on internal demand for bio fuels. Soybean Oil was lower last week and Canola was higher. Canola fell initially on improved growing conditions in the Canadian Prairies. Canola has found support from the weaker Canadian Dollar. Canola is more of a food oil than the others, although it also has bio fuels uses. 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. Support is at 463.00, 461.00, and 459.00 July, with resistance at 472.00, 474.00, and 478.00 July. Trends in Palm Oil are mixed. Support is at 2320, 2300, and 2280 August, with resistance at 2400, 2420, and 2510 August.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of June 9, 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 202,755 :
: Positions :
: 175,519 127,150 45 785 1,283 6,135 48,895 5,305 2,635 6,637 10,806 :
: Changes from: June 2, 2020 :
: -57 7,915 -359 -65 -114 2,375 -3,837 -75 29 -2,277 -1,409 :
: Percent of Open Interest Represented by Each Category of Trader :
: 86.6 62.7 0.0 0.4 0.6 3.0 24.1 2.6 1.3 3.3 5.3 :
: Number of Traders in Each Category Total Traders: 10 :
: 34 50 . 4 4 15 44 8 31 45 16 :
—————————————————————————————————————-

DJ Malaysia June 1-15 Palm Oil Exports 922,251 Tons, Up 83%, AmSpec Says
Malaysia’s palm oil exports during June 1-15 are estimated to have risen 83% on month to 922,251 metric tons, cargo surveyor AmSpec Agri Malaysia said Monday.
The following are the major items in the AmSpec estimate:
(All figures in metric tons)
June 1-15 May 1-15
RBD Palm Olein 343,504 217,058
RBD Palm Oil 87,645 41,215
RBD Palm Stearin 72,073 48,650
Crude Palm Oil 218,424 54,500
Total* 922,251 504,928
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.

Midwest Weather Forecast: Mostly dry. Temperatures should average below normal

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
June +47 July +126 May +50 July +55 July N/A N/A
July +48 July +50 July +60 July
August +44 Sep +52 Sep +63 Aug

DJ ICE Canada Cash Grain Close – Jun 12
WINNIPEG, June 12 (MarketsFarm) – The following are the closing
cash canola prices from ICE Futures. Source: ICE Futures
Price Basis Contract Change
CANOLA
*Par Region 454.80 -13.00 July 2020 unchanged
Basis: Thunder Bay 482.80 15.00 July 2020 up 1.60
Basis: Vancouver 492.80 25.00 July 2020 up 1.60
All prices in Canadian dollars per metric ton.

DJ Malaysian PM Cash Market Prices for Palm Oil – June 15
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 602.50 -10.00 Unquoted – –
July 597.50 -12.50 Unquoted – –
Aug/Sep 575.00 -07.50 Unquoted – –
Oct/Nov/Dec 560.00 -17.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
June 605.00 -10.00 Unquoted – –
July 600.00 -12.50 Unquoted – –
Aug/Sep 577.50 -07.50 Unquoted – –
Oct/Nov/Dec 562.50 -17.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
June 580.00 -05.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
June 520.00 -10.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
June 2,410.00 -30.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
June 180.00 -03.00 Unquoted – –
($1=MYR4.275)

DJ China Dalian Grain Futures Closing Prices, Volume – Jun 15
Soybean No. 1
Turnover: 504,315 lots, or 23.74 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-20 5,213 5,250 5,177 5,244 5,121 5,223 102 87 1,308
Sep-20 4,705 4,799 4,686 4,779 4,700 4,751 51 457,782 152,722
Nov-20 4,226 4,315 4,222 4,310 4,215 4,288 73 223 657
Jan-21 4,190 4,348 4,190 4,332 4,185 4,284 99 44,558 34,718
Mar-21 4,229 4,343 4,229 4,294 4,183 4,283 100 5 40
May-21 4,211 4,353 4,208 4,353 4,189 4,290 101 1,660 3,518
Corn
Turnover: 763,102 lots, or 16.18 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-20 2,071 2,092 2,070 2,090 2,066 2,086 20 9,625 14,889
Sep-20 2,095 2,123 2,094 2,118 2,093 2,113 20 597,654 711,509
Nov-20 2,113 2,138 2,113 2,135 2,113 2,130 17 20,369 41,751
Jan-21 2,137 2,156 2,137 2,148 2,134 2,147 13 113,490 294,222
Mar-21 2,150 2,170 2,150 2,163 2,150 2,163 13 2,313 3,711
May-21 2,172 2,189 2,170 2,180 2,168 2,182 14 19,651 55,095
Soymeal
Turnover: 1,622,391 lots, or 45.99 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-20 2,641 2,665 2,626 2,629 2,641 2,645 4 4,337 21,688
Aug-20 2,814 2,822 2,781 2,784 2,799 2,803 4 14,989 23,175
Sep-20 2,832 2,843 2,801 2,802 2,821 2,822 1 1,174,201 1,429,802
Nov-20 2,869 2,880 2,839 2,841 2,858 2,860 2 16,429 52,912
Dec-20 2,899 2,909 2,868 2,870 2,885 2,887 2 8,100 741
Jan-21 2,908 2,916 2,873 2,876 2,892 2,893 1 358,377 744,324
Mar-21 2,792 2,792 2,768 2,769 2,776 2,780 4 106 1,392
May-21 2,714 2,723 2,692 2,697 2,701 2,706 5 45,852 146,125
Palm Oil
Turnover: 1,442,797 lots, or 70.96 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-20 – – – 4,928 4,928 4,928 0 0 2
Aug-20 4,946 4,946 4,848 4,848 4,984 4,864 -120 6 7
Sep-20 4,950 5,004 4,820 4,852 4,902 4,922 20 1,337,436 369,199
Oct-20 4,748 4,786 4,640 4,640 4,708 4,724 16 45 338
Nov-20 4,744 4,766 4,592 4,592 4,712 4,678 -34 88 190
Dec-20 4,780 4,798 4,680 4,680 4,772 4,764 -8 12 188
Jan-21 4,896 4,924 4,752 4,776 4,866 4,852 -14 102,141 111,649
Feb-21 4,888 4,888 4,888 4,888 4,906 4,888 -18 1 115
Mar-21 4,946 4,946 4,884 4,884 5,070 4,908 -162 4 16
Apr-21 4,958 4,958 4,918 4,918 5,024 4,938 -86 2 152
May-21 5,010 5,026 4,868 4,888 4,998 4,972 -26 3,062 6,128
Jun-21 – – – 4,998 4,998 4,998 0 0 0
Soybean Oil
Turnover: 515,322 lots, or 29.12 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-20 5,862 5,862 5,702 5,798 5,822 5,786 -36 3 7
Aug-20 5,776 5,776 5,574 5,574 5,682 5,648 -34 6 2
Sep-20 5,672 5,708 5,564 5,572 5,634 5,638 4 435,754 358,652
Nov-20 5,694 5,694 5,670 5,670 5,736 5,680 -56 3 395
Dec-20 5,772 5,772 5,772 5,772 5,736 5,772 36 1 23
Jan-21 5,744 5,776 5,636 5,650 5,716 5,708 -8 77,755 160,494
Mar-21 5,754 5,754 5,754 5,754 5,786 5,754 -32 1 10
May-21 5,786 5,822 5,680 5,696 5,766 5,756 -10 1,799 9,630
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