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 Summary for June USDA Monthly Cattle on Feed Data
Data from the U.S. Department of Agriculture’s monthly cattle-on-feed report, released at 3:00 p.m. ET Friday, and analysts’ estimates as compiled by the Wall Street Journal. In million head.
Numbers USDA’s Average Range
2020 2019 estimated of analysts’ of analysts’
% of prev yr estimates estimates
On-feed Jun 1 11.671M 11.728M 100 99.0 95.5- 99.9
Placed in May 2.037M 2.063M 99 97.5 81.2- 102.2
Marketed in May 1.500M 2.070M 72 73.8 72.7- 76.8
Note: USDA rounds its estimates to the nearest whole number.

WHEAT:
General Comments: Winter Wheat markets were lower as the harvest expanded north into southern Kansas. Yield reports from the region have been variable, but generally a little better than expected, so USDA might raise its production estimates nest month. Spring Wheat held better despite good growing conditions and high crop ratings. The Winter Wheat markets hold to bearish trends on the weekly charts. Spring Wheat markets show down trends as good conditions are also reported in much of Canada. 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. Prices usually move lower 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 scattered showers. Temperatures should average above normal. Egypt bought 240,000 tons of Russian and Eastern European Wheat.
Chart Analysis: Trends in Chicago are down with objectives of 471 July. Support is at 476, 470, and 464 July, with resistance at 494, 498, and 507 July. Trends in Kansas City are down with objectives of 410 July. Support is at 428, 422, and 416 July, with resistance at 439, 441, and 450 July. Trends in Minneapolis are mixed. Support is at 516, 511, and 502 July, and resistance is at 528, 530, and 534 July.

COT — Supplemental Report – Option and Futures Combined Positions as of June 16, 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 538,242
: Positions :
: 59,790 109,651 177,519 95,194 154,271 178,002 52,308 510,505 493,748: 27,737 44,494
: Changes from: June 9, 2020 (Change in open interest: 36,307) :
: -2,978 3,874 23,101 18,116 6,260 1,077 2,163 39,316 35,398: -3,009 909
: Percent of Open Interest Represented by Each Category of Trader :
: 11.1 20.4 33.0 17.7 28.7 33.1 9.7 94.8 91.7: 5.2 8.3
: Total Traders: 363 Number of Traders in Each Category :
: 79 111 126 76 92 48 27 285 293:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of June 16, 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 254,969
: Positions :
: 26,579 67,929 56,603 76,555 88,712 73,441 17,692 233,177 230,936: 21,792 24,034
: Changes from: June 9, 2020 (Change in open interest: 10,227) :
: -810 7,285 676 11,267 -151 -184 2,538 10,949 10,348: -723 -121
: Percent of Open Interest Represented by Each Category of Trader :
: 10.4 26.6 22.2 30.0 34.8 28.8 6.9 91.5 90.6: 8.5 9.4
: Total Traders: 237 Number of Traders in Each Category :
: 52 58 61 68 66 33 12 187 170:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of June 16, 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 67,835 :
: Positions :
: 42,895 33,805 2,178 169 380 2,496 19,599 388 5,346 1,828 2,146 :
: Changes from: June 9, 2020 :
: -2,032 -168 -148 -63 23 121 -2,004 -1,595 -81 -158 -87 :
: Percent of Open Interest Represented by Each Category of Trader :
: 63.2 49.8 3.2 0.2 0.6 3.7 28.9 0.6 7.9 2.7 3.2 :
: Number of Traders in Each Category Total Traders: 90 :
: 47 39 . . . 4 15 . 7 5 7 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of June 16, 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 25,163 :
: Positions :
: 9,884 22,884 18 100 685 13,101 0 36 530 559 289 :
: Changes from: June 9, 2020 :
: 228 -500 18 -1 -77 -389 0 -22 -25 299 -371 :
: Percent of Open Interest Represented by Each Category of Trader :
: 39.3 90.9 0.1 0.4 2.7 52.1 0.0 0.1 2.1 2.2 1.1 :
: Number of Traders in Each Category Total Traders: 31 :
: 11 21 . . . 5 0 . . . . :
—————————————————————————————————————-

RICE
General Comments: Rice was a little higher in new crop months and much lower for another week in old crop July. New crop months were relatively little changed as new crop prospects appear solid for increased production in the coming year. The combination of good export buying in general and the buying inside the US due to the Coronavirus has made the market short old crop 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 was more problematic in parts of Mississippi, Arkansas, and Missouri. Ideas are that the long grain got planted and producers did not plant medium grain if some prevent planting was needed.
Overnight News: The Delta should get mostly dry conditions. Temperatures should be generally above normal.
Chart Analysis: Trends are mixed to down with objectives of 1241 and 1051 July. Support is at 1366, 1345, and 1316 July, with resistance at 1457, 1540, and 1573 July.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of June 16, 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 12,772 :
: Positions :
: 5,920 9,171 78 0 0 1,284 467 30 1,036 10 2,114 :
: Changes from: June 9, 2020 :
: -259 -990 0 0 0 -221 -77 -360 -439 -49 -91 :
: Percent of Open Interest Represented by Each Category of Trader :
: 46.4 71.8 0.6 0.0 0.0 10.1 3.7 0.2 8.1 0.1 16.5 :
: Number of Traders in Each Category Total Traders: 50 :
: 15 19 . 0 0 8 . . 17 . 11 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn was a little higher on the weekly charts as the current seasonal rally appeared to stall. Futures markets have had hot and dry weather in much of the Midwest this week to support prices, but there was some rain in most areas over the weekend. There have also been problems with demand. 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 are falling. 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. The US weather and growing conditions are becoming more important as Corn enters its greatest demand time for moisture. Rains were seen in the Midwest after a hot and dry week. 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 a couple of weeks ago and chart trends are down. 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. Support is at 329, 324, and 321 July, and resistance is at 335, 340, and 344 July. Trends in Oats are mixed to down with objectives of 293 and 285 July. Support is at 299, 295, and 285 July, and resistance is at 310, 315, and 319 July.

COT — Supplemental Report – Option and Futures Combined Positions as of June 16, 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 2,012,716
: Positions :
: 101,609 411,574 557,192 677,479 678,841 431,565 154,447 1,767,845 1,802,054: 244,871 210,662
: Changes from: June 9, 2020 (Change in open interest: 73,930) :
: 3,494 -18,826 64,129 6,401 21,338 2,771 4,185 76,795 70,826: -2,865 3,104
: Percent of Open Interest Represented by Each Category of Trader :
: 5.0 20.4 27.7 33.7 33.7 21.4 7.7 87.8 89.5: 12.2 10.5
: Total Traders: 787 Number of Traders in Each Category :
: 147 158 208 360 320 53 34 675 628:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of June 16, 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 4,900 :
: Positions :
: 1,071 3,322 88 0 0 1,135 0 0 698 174 181 :
: Changes from: June 9, 2020 :
: 105 40 1 0 0 -92 0 0 -84 74 -143 :
: Percent of Open Interest Represented by Each Category of Trader :
: 21.9 67.8 1.8 0.0 0.0 23.2 0.0 0.0 14.3 3.6 3.7 :
: Number of Traders in Each Category Total Traders: 27 :
: 6 11 . 0 0 6 0 0 5 . . :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans were higher on more Chinese demand. China has become a much more active buyer of Soybeans here in the US and has promised to ramp up purchases in order to comply with commitments it made under the Phase One trade deal. 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 with rains seen over the weekend. Ideas are that USD will show slight deterioration in crop conditions this week but better conditions next week.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed to up with objectives of 889 and 920 July. Support is at 870, 865, and 861 July, and resistance is at 881, 896, and 898 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 290.00, 292.00, and 294.00 July. Trends in Soybean Oil are mixed to up with objectives of 2960 and 3100 July. Support is at 2820, 2780, and 2700 July, with resistance at 2890, 2970, and 3050 July.

COT — Supplemental Report – Option and Futures Combined Positions as of June 16, 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 1,063,884
: Positions :
: 91,575 89,500 289,459 373,998 555,507 228,092 63,854 983,123 998,319: 80,761 65,565
: Changes from: June 9, 2020 (Change in open interest: 19,266) :
: -760 -6,136 -1,849 17,196 18,559 2,207 8,046 16,793 18,620: 2,473 646
: Percent of Open Interest Represented by Each Category of Trader :
: 8.6 8.4 27.2 35.2 52.2 21.4 6.0 92.4 93.8: 7.6 6.2
: Total Traders: 563 Number of Traders in Each Category :
: 172 99 190 188 184 52 28 498 438:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of June 16, 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 508,744
: Positions :
: 38,318 57,905 122,882 200,779 271,361 109,046 26,620 471,024 478,767: 37,720 29,977
: Changes from: June 9, 2020 (Change in open interest: -9,277) :
: -1,402 -374 -4,363 -4,902 -9,034 1,343 2,028 -9,323 -11,744: 46 2,467
: Percent of Open Interest Represented by Each Category of Trader :
: 7.5 11.4 24.2 39.5 53.3 21.4 5.2 92.6 94.1: 7.4 5.9
: Total Traders: 310 Number of Traders in Each Category :
: 58 71 93 93 90 39 26 250 242:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of June 16, 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 498,341
: Positions :
: 37,886 77,658 87,385 208,751 259,339 105,340 41,548 439,363 465,929: 58,979 32,412
: Changes from: June 9, 2020 (Change in open interest: 3,590) :
: -2,472 -3,828 4,473 746 -1,051 1,085 3,708 3,831 3,302: -242 287
: Percent of Open Interest Represented by Each Category of Trader :
: 7.6 15.6 17.5 41.9 52.0 21.1 8.3 88.2 93.5: 11.8 6.5
: Total Traders: 277 Number of Traders in Each Category :
: 56 58 69 98 85 36 19 226 203:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: World vegetable oils markets were higher last week. Palm Oil closed higher last week after 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. Higher world petroleum prices helped with ideas of increased bio fuels demand 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 and Canola were higher. Soybean Oil found support on increased demand ideas partly fueled by higher world petroleum prices. Canola fell initially on improved growing conditions in the Canadian Prairies. Canola has found support from the weaker Canadian Dollar and ideas that not all areas were in good shape. 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 up with objectives of 475.00 and 480.00 July. Support is at 470.00, 468.00, and 466.00 July, with resistance at 478.00, 482.00, and 488.00 July. Trends in Palm Oil are up with objectives of 2510 and 2650 September. Support is at 2410, 2370, and 2350 September, with resistance at 2500, 2580, and 2620 September.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of June 16, 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 170,754 :
: Positions :
: 142,498 97,371 30 790 1,224 7,610 47,664 4,672 2,272 5,654 11,312 :
: Changes from: June 9, 2020 :
: -33,021 -29,779 -15 5 -59 1,475 -1,231 -632 -363 -983 506 :
: Percent of Open Interest Represented by Each Category of Trader :
: 83.5 57.0 0.0 0.5 0.7 4.5 27.9 2.7 1.3 3.3 6.6 :
Number of Traders in Each Category Total Traders: 203 :
: 32 50 . 4 4 13 41 6 28 48 21 :
—————————————————————————————————————-

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

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
June +49 July +145 May +50 July +64 July N/A N/A
July +52 July +50 July +64 July
August +51 Sep +52 Sep +66 Aug

DJ ICE Canada Cash Grain Close – Jun 19
WINNIPEG–The following are the closing cash canola prices
from ICE Futures for June 19, 2020.
Source: ICE Futures
CANOLA
1 Canada NCC Best Bid
Spot Price Basis Contract Change
*Par Region 459.30 -13.00 July 2020 dn 1.00
Track Thunder Bay 493.10 15.00 Nov 2020 up 2.20
Track Vancouver 503.10 25.00 Nov 2020 up 2.20
All prices in Canadian dollars per metric ton.
*Quote for previous day
Source: Commodity News Service Canada (news@marketsfarm.com, or
204-414-9084)

DJ Malaysian PM Cash Market Prices for Palm Oil – June 22
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
July 632.50 00.00 Unquoted – –
Aug 620.00 00.00 Unquoted – –
Sept 612.50 +02.50 Unquoted – –
Oct/Nov/Dec 597.50 00.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
July 635.00 00.00 Unquoted – –
Aug 622.50 00.00 Unquoted – –
Sept 615.00 +02.50 Unquoted – –
Oct/Nov/Dec 600.00 00.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
July 610.00 +05.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
July 552.50 +02.50 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
July 2,530.00 00.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
July 182.00 -01.00 Unquoted – –
($1=MYR4.278)

DJ China Dalian Grain Futures Closing Prices, Volume – Jun 22
Soybean No. 1
Turnover: 352,966 lots, or 16.80 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-20 5,337 5,376 5,321 5,372 5,354 5,355 1 258 896
Sep-20 4,825 4,848 4,763 4,804 4,863 4,797 -66 318,823 157,914
Nov-20 4,367 4,389 4,321 4,353 4,407 4,351 -56 199 678
Jan-21 4,388 4,404 4,355 4,394 4,437 4,387 -50 32,647 50,455
Mar-21 4,407 4,413 4,400 4,400 4,477 4,406 -71 5 47
May-21 4,426 4,428 4,385 4,424 4,454 4,409 -45 1,034 4,014
Corn
Turnover: 763,137 lots, or 16.12 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-20 2,099 2,108 2,090 2,094 2,103 2,094 -9 684 13,348
Sep-20 2,120 2,120 2,096 2,097 2,118 2,109 -9 562,586 721,620
Nov-20 2,126 2,126 2,102 2,104 2,123 2,114 -9 22,056 44,600
Jan-21 2,118 2,125 2,106 2,108 2,126 2,116 -10 153,289 300,249
Mar-21 2,138 2,139 2,123 2,123 2,139 2,131 -8 2,644 2,930
May-21 2,165 2,165 2,143 2,144 2,162 2,151 -11 21,878 75,278
Soymeal
Turnover: 1,254,574 lots, or 35.56 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-20 2,642 2,664 2,642 2,650 2,640 2,657 17 2,085 13,818
Aug-20 2,792 2,816 2,792 2,806 2,787 2,806 19 14,130 19,101
Sep-20 2,815 2,837 2,814 2,823 2,808 2,828 20 950,205 1,300,275
Nov-20 2,854 2,874 2,853 2,864 2,847 2,865 18 25,470 57,071
Dec-20 2,890 2,896 2,875 2,880 2,871 2,888 17 6,318 838
Jan-21 2,882 2,898 2,877 2,887 2,875 2,890 15 208,298 775,819
Mar-21 2,775 2,789 2,775 2,783 2,770 2,786 16 51 1,314
May-21 2,698 2,709 2,695 2,700 2,695 2,703 8 48,017 175,291
Palm Oil
Turnover: 933,272 lots, or 48.05 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-20 5,210 5,228 5,186 5,188 5,264 5,202 -62 16 8
Aug-20 5,134 5,204 5,134 5,162 5,170 5,176 6 22 2
Sep-20 5,186 5,196 5,124 5,148 5,090 5,156 66 844,239 444,468
Oct-20 5,012 5,016 4,966 4,970 4,910 4,996 86 40 347
Nov-20 4,932 4,960 4,932 4,958 4,852 4,948 96 52 189
Dec-20 4,974 4,978 4,936 4,936 4,872 4,958 86 45 220
Jan-21 5,088 5,108 5,042 5,062 4,994 5,068 74 87,994 119,936
Feb-21 – – – 5,098 5,092 5,098 6 0 114
Mar-21 5,150 5,186 5,150 5,186 5,056 5,164 108 4 17
Apr-21 – – – 5,124 5,114 5,124 10 0 152
May-21 5,170 5,172 5,120 5,142 5,060 5,146 86 860 7,794
Jun-21 – – – 5,086 5,086 5,086 0 0 0
Soybean Oil
Turnover: 395,872 lots, or 22.96 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-20 5,786 5,786 5,696 5,730 5,782 5,764 -18 8 3
Aug-20 – – – 5,706 5,722 5,706 -16 0 1
Sep-20 5,828 5,830 5,754 5,784 5,750 5,790 40 328,764 378,829
Nov-20 5,854 5,886 5,816 5,816 5,812 5,844 32 12 386
Dec-20 5,900 5,910 5,854 5,854 5,840 5,890 50 13 23
Jan-21 5,878 5,882 5,822 5,842 5,806 5,848 42 64,910 178,426
Mar-21 5,874 5,874 5,874 5,874 5,754 5,874 120 1 9
May-21 5,898 5,910 5,860 5,876 5,858 5,878 20 2,164 11,479
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