About The Author

Jack Scoville

Jack Scoville is an often quoted market analyst in the grain and soft commodities sectors. You will find his commentary throughout the Reuters, Wall Street Journal, Dow Jones, Bloomberg, and Barron's publications. Contact Mr. Scoville at (312) 264-4322

DJ CBOT Delivery Intentions: Totals – Jul 7
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL July Jul. 08, 2020 2 Jun 16, 2020
SOYBEAN OIL July Jul. 08, 2020 21 Jun 30, 2020
ETHANOL July Jul. 08, 2020 16 Jul 01, 2020
KC HRW WHEAT July Jul. 08, 2020 18 Jul 02, 2020
WHEAT July Jul. 08, 2020 31 Jun 30, 2020

DJ USDA Grain Inspections for Export in Metric Tons – Jul 6
SOURCE: USDA, FGIS;
GRAINS INSPECTED AND/OR WEIGHED FOR EXPORT
REPORTED IN WEEK ENDING JUL 02, 2020
— METRIC TONS —
————————————————————————-
CURRENT PREVIOUS
———– WEEK ENDING ———- MARKET YEAR MARKET YEAR
GRAIN 07/02/2020 06/25/2020 07/04/2019 TO DATE TO DATE
BARLEY 0 0 734 367 1,787
CORN 962,445 1,241,038 721,419 34,208,812 42,481,209
FLAXSEED 0 269 0 293 24
OATS 100 0 0 400 299
SORGHUM 51,217 159,440 70,143 4,060,508 1,708,572
SOYBEANS 521,638 333,662 761,845 37,338,882 37,863,951
WHEAT 326,448 515,359 628,053 2,327,401 2,612,142
Total 1,861,848 2,249,768 2,182,194 77,936,663 84,667,984
CROP MARKETING YEARS BEGIN JUNE 1 FOR WHEAT, RYE, OATS, BARLEY AND
FLAXSEED; SEPTEMBER 1 FOR CORN, SORGHUM, SOYBEANS AND SUNFLOWER SEEDS.
INCLUDES WATERWAY SHIPMENTS TO CANADA.

Crop Progress
Date 28-Jun 21-Jun 2019 Avg
Cotton Squaring 47 35 44 48
Cotton Setting Bolls 13 9 11 13
Corn Silking 10 4 7 16
Soybeans Blooming 31 14 8 24
Soybeans Setting Pods 2 1 4
Sorghum Headed 24 21 21 25
Sorghum Coloring 14 12 14
Rice Headed 19 14 14 19
Peanuts Pegging 51 39 55 51
Oats Headed 85 74 69 86
Winter Wheat Harvested 56 41 42 55
Spring Wheat Headed 63 36 47 68
Barley Headed 60 39 49 67

Crop Condition
Very Poor Poor Fair Good Excellent
Cotton This Week 4 19 34 36 7
Cotton Last Week 6 18 35 35 6
Cotton Last Year 2 17 27 47 7

Winter Wheat This Week 6 11 32 41 10
Winter Wheat Last Week 5 11 32 42 10
Winter Wheat Last Year 3 7 26 47 17

Spring Wheat This Week 1 5 24 59 11
Spring Wheat Last Week 1 5 25 60 9
Spring Wheat Last Year 0 3 19 70 8

Corn This Week 1 5 23 54 17
Corn Last Week 1 4 22 57 16
Corn Last Year 3 9 31 47 10

Soybeans This Week 1 4 24 57 14
Soybeans Last Week 1 4 24 58 13
Soybeans Last Year 3 9 35 46 7

Sorghum This Week 2 10 40 44 4
Sorghum Last Week 3 11 41 41 4
Sorghum Last Year 1 2 24 61 12

Rice This Week 1 3 23 55 18
Rice Last Week 1 2 23 58 16
Rice Last Year 1 6 27 49 17

Peanuts This Week 1 7 23 62 7
Peanuts Last Week 1 6 27 59 7
Peanuts Last Year 1 4 27 60 8

Oats This Week 2 8 28 51 11
Oats Last Week 2 8 29 51 10
Oats Last Year 2 5 28 56 9

Barley This Week 1 4 22 49 24
Barley Last Week 1 3 21 55 20
Barley Last Year 1 4 22 63 10

Pastures and Ranges This Week 10 18 31 35 6
Pastures and Ranges Last Week 9 17 32 36 6
Pastures and Ranges Last Year 2 6 24 54 14

General Comments: Winter Wheat markets were higher as the Winter Wheat harvest expanded north and as the Spring Wheat was developing under good growing conditions. The weather in Europe and Russia caused the rally despite good things happening here. Yield reports from the region have been variable, but generally a little better than expected, so USDA might raise its production estimates nest month. 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. Australia remains in good condition. Prices usually move lower and remain down through the harvest.
Overnight News: The southern Great Plains should get scattered showers. Temperatures should be near to below normal. Northern areas should see scattered showers. Temperatures will average near to above normal. The Canadian Prairies should see scattered showers. Temperatures should average near to above normal.
Chart Analysis: Trends in Chicago are mixed. Support is at 489, 483, and 471 September, with resistance at 500, 503, and 512 September. Trends in Kansas City are mixed. Support is at 432, 424, and 418 September, with resistance at 446, 450, and 454 September. Trends in Minneapolis are mixed to down with objectives of 506 and 488 September. Support is at 506, 501, and 488 September, and resistance is at 518, 522, and 524 September.

COT — Supplemental Report – Option and Futures Combined Positions as of June 30, 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 484,999
: Positions :
: 54,750 114,406 147,047 83,286 136,715 172,866 46,074 457,949 444,242: 27,050 40,757
: Changes from: June 23, 2020 (Change in open interest: -85,037) :
: 3,584 -12,082 -42,633 -27,448 -13,723 -15,419 -13,581 -81,915 -82,019: -3,122 -3,019
: Percent of Open Interest Represented by Each Category of Trader :
: 11.3 23.6 30.3 17.2 28.2 35.6 9.5 94.4 91.6: 5.6 8.4
: Total Traders: 352 Number of Traders in Each Category :
: 79 107 101 76 95 45 31 260 283:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of June 30, 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 249,999
: Positions :
: 31,060 74,730 49,766 77,465 88,581 70,634 16,744 228,925 229,821: 21,075 20,178
: Changes from: June 23, 2020 (Change in open interest: -15,741) :
: 2,981 -1,172 -10,006 -6,215 -56 -922 -692 -14,163 -11,926: -1,578 -3,815
: Percent of Open Interest Represented by Each Category of Trader :
: 12.4 29.9 19.9 31.0 35.4 28.3 6.7 91.6 91.9: 8.4 8.1
: Total Traders: 229 Number of Traders in Each Category :
: 43 57 46 62 69 33 12 163 162:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of June 30, 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 63,073 :
: Positions :
: 41,056 30,108 2,101 0 0 2,095 19,837 651 4,636 2,169 1,626 :
: Changes from: June 23, 2020 :
: 3,719 -1,392 77 -127 -49 -121 3,681 -471 -135 378 -565 :
: Percent of Open Interest Represented by Each Category of Trader :
: 65.1 47.7 3.3 0.0 0.0 3.3 31.5 1.0 7.4 3.4 2.6 :
: Number of Traders in Each Category Total Traders: 93 :
: 47 34 . 0 0 4 18 . 7 5 7 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of June 30, 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 26,177 :
: Positions :
: 10,814 24,131 63 150 581 13,383 0 34 486 0 395 :
: Changes from: June 23, 2020 :
: 469 787 15 0 33 718 0 18 -32 -193 130 :
: Percent of Open Interest Represented by Each Category of Trader :
: 41.3 92.2 0.2 0.6 2.2 51.1 0.0 0.1 1.9 0.0 1.5 :
: Number of Traders in Each Category Total Traders: 30 :
: 12 18 . . . 5 0 . . 0 . :
—————————————————————————————————————-

RICE
General Comments: Rice was a little lower. 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 isolated showers. Temperatures should be near to above normal.
Chart Analysis: Trends are mixed. Support is at 1212, 1203, and 1201 September, with resistance at 1225, 1241, and 1246 September.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of June 30, 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 11,154 :
: Positions :
: 5,074 8,697 192 0 0 2,201 467 245 822 33 812 :
: Changes from: June 23, 2020 :
: -352 -100 26 0 0 732 0 79 -270 -24 -1,173 :
: Percent of Open Interest Represented by Each Category of Trader :
: 45.5 78.0 1.7 0.0 0.0 19.7 4.2 2.2 7.4 0.3 7.3 :
: Number of Traders in Each Category Total Traders: 53 :
: 15 19 . 0 0 11 . . 12 . 10 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn was a little higher in reaction to forecasts for hot and dry weather for the Midwest. Futures markets have had hot and dry weather in much of the Midwest this week to support prices, and the weather market is coming as there are some forecasts for hot and dry weather for the next week or two. The ability of futures to hold rallies will depend on how much heat and for how long it stays dry in the Midwest. 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 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.
Overnight News:
Chart Analysis: Trends in Corn are mixed to up with objectives of 355 September. Support is at 339, 334, and 332 September, and resistance is at 354, 356, and 361 September. Trends in Oats are down with objectives of 278 and 266 September. Support is at 283, 279, and 273 September, and resistance is at 292, 298, and 301 September.

COT — Supplemental Report – Option and Futures Combined Positions as of June 30, 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 1,926,269
: Positions :
: 131,838 374,707 479,346 651,320 690,529 456,175 157,225 1,718,679 1,701,807: 207,590 224,462
: Changes from: June 23, 2020 (Change in open interest: -108,463) :
: 21,408 -56,257 -59,387 -41,100 10,461 1,041 -11,100 -78,038 -116,282: -30,425 7,820
: Percent of Open Interest Represented by Each Category of Trader :
: 6.8 19.5 24.9 33.8 35.8 23.7 8.2 89.2 88.3: 10.8 11.7
: Total Traders: 762 Number of Traders in Each Category :
: 147 144 191 334 315 51 33 636 599:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of June 30, 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 4,623 :
: Positions :
: 748 3,525 87 0 0 1,512 0 0 728 7 181 :
: Changes from: June 23, 2020 :
: -306 4 -1 0 0 224 0 0 22 -4 -29 :
: Percent of Open Interest Represented by Each Category of Trader :
: 16.2 76.3 1.9 0.0 0.0 32.7 0.0 0.0 15.8 0.2 3.9 :
: Number of Traders in Each Category Total Traders: 29 :
: 6 12 . 0 0 8 0 0 5 . . :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans were higher on more Chinese demand and on the hot and dry weather now seen in the US Midwest. 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 but forecasts call for hot and dry weather in the next couple of weeks.
Overnight News:
Chart Analysis: Trends in Soybeans are up with no objectives. Support is at 896, 880, and 872 August, and resistance is at 913, 915, and 921 August. Trends in Soybean Meal are up with objectives of 301.00 August. Support is at 295.00, 292.00, and 290.00 August, and resistance is at 300.00, 305.00, and 310.00 August. Trends in Soybean Oil are mixed. Support is at 2790, 2710, and 2680 August, with resistance at 2890, 2910, and 2980 August.

COT — Supplemental Report – Option and Futures Combined Positions as of June 30, 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 949,644
: Positions :
: 119,391 75,041 242,538 303,539 516,246 215,280 53,561 880,749 887,386: 68,896 62,258
: Changes from: June 23, 2020 (Change in open interest: -95,711) :
: 22,275 -3,666 -42,463 -56,025 -23,782 -11,950 -23,329 -88,163 -93,240: -7,548 -2,471
: Percent of Open Interest Represented by Each Category of Trader :
: 12.6 7.9 25.5 32.0 54.4 22.7 5.6 92.7 93.4: 7.3 6.6
: Total Traders: 558 Number of Traders in Each Category :
: 173 92 170 181 190 53 29 482 422:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of June 30, 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 457,565
: Positions :
: 46,875 57,896 92,451 174,280 255,625 108,649 24,713 422,257 430,685: 35,309 26,880
: Changes from: June 23, 2020 (Change in open interest: -48,657) :
: 5,337 1,626 -31,422 -24,083 -17,220 2,184 -332 -47,984 -47,349: -673 -1,308
: Percent of Open Interest Represented by Each Category of Trader :
: 10.2 12.7 20.2 38.1 55.9 23.7 5.4 92.3 94.1: 7.7 5.9
: Total Traders: 298 Number of Traders in Each Category :
: 60 63 87 83 79 38 23 237 219:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of June 30, 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 480,264
: Positions :
: 41,787 88,810 84,437 201,300 242,891 102,251 35,935 429,775 452,074: 50,489 28,191

: Changes from: June 23, 2020 (Change in open interest: -21,892) :
: 2,968 11,158 -10,575 -8,988 -15,908 -1,643 -4,921 -18,237 -20,245: -3,655 -1,647
: Percent of Open Interest Represented by Each Category of Trader :
: 8.7 18.5 17.6 41.9 50.6 21.3 7.5 89.5 94.1: 10.5 5.9
: Total Traders: 288 Number of Traders in Each Category :
: 53 74 69 99 79 38 21 233 209:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Palm Oil closed higher on the strength in the outside markets. 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. Canola was higher. Canola was higher on a weaker Canadian Dollar and Chicago price action The planted area estimates were above trade expectations but below the previous year. 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 472.00, 470.00, and 468.00 November, with resistance at 480.00, 482.00, and 484.00 November. Trends in Palm Oil are mixed to down with objectives of 2290 September. Support is at 2350, 2340, and 2290 September, with resistance at 2470, 2490, and 2510 September.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of June 30, 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 167,225 :
: Positions :
: 142,171 98,083 44 853 1,115 7,847 46,807 2,869 2,428 5,538 9,948 :
: Changes from: June 23, 2020 :
: -4,375 -4,582 -3 -12 -94 -53 -116 -730 179 417 -1,799 :
: Percent of Open Interest Represented by Each Category of Trader :
: 85.0 58.7 0.0 0.5 0.7 4.7 28.0 1.7 1.5 3.3 5.9 :
: Number of Traders in Each Category Total Traders: 191 :
: 29 43 . 4 . 11 41 8 23 50 14 :
—————————————————————————————————————-

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

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
July +52 Sep +140 Sep +40 Sep +58 July N/A N/A
August +53 Sep +40 Sep +64 Aug
September +57 Sep +45 Sep +63 Nov

DJ ICE Canada Cash Grain Close – Jul 6
WINNIPEG — The following are the closing cash
canola prices from ICE Futures.
Source: ICE Futures
Price Basis Contract Change
CANOLA
*Par Region 459.90 -15.00 Nov 2020 dn 1.50
Basis: Thunder Bay 493.70 15.00 Nov 2020 up 3.80
Basis: Vancouver 498.70 20.00 Nov 2020 up 3.80
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 – July 7
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Tuesday, 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 602.50 -02.50 Unquoted – –
Aug 597.50 -02.50 Unquoted – –
Sept 582.50 -05.00 Unquoted – –
Oct/Nov/Dec 575.00 -02.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
July 605.00 -02.50 Unquoted – –
Aug 600.00 -02.50 Unquoted – –
Sept 585.00 -05.00 Unquoted – –
Oct/Nov/Dec 577.50 -02.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
July 580.00 -05.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
July 510.00 -05.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
July 2,440.00 -10.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
July 167.00 +01.00 Unquoted – –
($1=MYR4.275)

DJ China Dalian Grain Futures Closing Prices, Volume – Jul 07
Soybean No. 1
Turnover: 363,608 lots, or 17.11 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-20 – – – 5,841 5,841 5,841 0 0 420
Sep-20 4,794 4,820 4,706 4,719 4,787 4,746 -41 331,437 168,324
Nov-20 4,374 4,383 4,323 4,330 4,356 4,339 -17 1,084 1,820
Jan-21 4,305 4,320 4,253 4,266 4,303 4,285 -18 29,744 55,362
Mar-21 4,324 4,330 4,286 4,290 4,316 4,306 -10 195 213
May-21 4,320 4,335 4,275 4,284 4,320 4,302 -18 1,148 4,180
Corn
Turnover: 445,089 lots, or 9.44 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-20 – – – 2,108 2,108 2,108 0 0 0
Sep-20 2,116 2,124 2,111 2,114 2,112 2,117 5 330,366 653,638
Nov-20 2,123 2,132 2,121 2,124 2,122 2,126 4 32,098 47,777
Jan-21 2,133 2,137 2,127 2,131 2,128 2,132 4 71,442 370,833
Mar-21 2,140 2,146 2,137 2,142 2,137 2,141 4 767 2,530
May-21 2,160 2,164 2,155 2,159 2,155 2,159 4 10,416 99,728
Soymeal
Turnover: 1,427,246 lots, or 41.85 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-20 – – – 2,750 2,750 2,750 0 0 535
Aug-20 2,920 2,923 2,891 2,896 2,899 2,905 6 2,345 7,775
Sep-20 2,929 2,939 2,908 2,910 2,918 2,922 4 937,045 1,225,703
Nov-20 2,972 2,976 2,940 2,942 2,957 2,958 1 53,616 54,273
Dec-20 2,987 2,992 2,948 2,948 2,975 2,975 0 18,141 7,813
Jan-21 2,990 2,996 2,952 2,953 2,981 2,973 -8 363,135 874,835
Mar-21 2,841 2,856 2,818 2,818 2,841 2,835 -6 2,896 2,556
May-21 2,788 2,791 2,762 2,763 2,778 2,773 -5 50,068 200,005
Palm Oil
Turnover: 1,112,603 lots, or 56.10 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-20 – – – 5,162 5,162 5,162 0 0 0
Aug-20 – – – 5,056 5,056 5,056 0 0 2
Sep-20 5,088 5,120 4,976 4,996 5,044 5,048 4 985,870 340,589
Oct-20 4,988 5,024 4,900 4,922 5,000 4,972 -28 8,935 6,330
Nov-20 5,010 5,012 4,896 4,938 4,982 4,962 -20 6,136 2,727
Dec-20 5,026 5,026 4,902 4,946 4,980 4,970 -10 3,731 1,532
Jan-21 5,010 5,044 4,912 4,934 4,990 4,982 -8 106,601 119,784
Feb-21 4,986 4,986 4,986 4,986 5,008 4,986 -22 1 115
Mar-21 – – – 5,062 5,100 5,062 -38 0 19
Apr-21 – – – 5,066 5,092 5,066 -26 0 152
May-21 5,112 5,116 5,010 5,032 5,084 5,072 -12 1,329 9,708
Jun-21 – – – 5,094 5,094 5,094 0 0 0
Soybean Oil
Turnover: 453,493 lots, or 26.37 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-20 – – – 5,398 5,398 5,398 0 0 0
Aug-20 – – – 5,796 5,800 5,796 -4 0 2
Sep-20 5,824 5,856 5,736 5,746 5,818 5,800 -18 337,070 323,496
Nov-20 5,866 5,872 5,770 5,782 5,844 5,832 -12 7,695 9,137
Dec-20 5,880 5,884 5,788 5,800 5,864 5,850 -14 2,877 2,537
Jan-21 5,894 5,916 5,804 5,812 5,870 5,862 -8 96,031 228,415
Mar-21 5,880 5,888 5,774 5,796 5,884 5,828 -56 4,691 813
May-21 5,894 5,926 5,818 5,832 5,894 5,892 -2 5,129 19,123
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