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: Winter Wheat markets were slightly lower at the close last week as the Winter Wheat harvest expanded north and started to get complete. Spring Wheat was developing under good growing conditions and futures prices closed lower. Yield reports from the central and southern Great Plains have been variable, but generally a little better than expected. Soft Red Winter yields are expected to be high. The Winter Wheat markets are in up 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. It is still dry in France and Russia. Australia remains in good condition and is getting beneficial rains.
Overnight News: The southern Great Plains should get mostly dry conditions. Temperatures should be above 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 532, 494, and 489 September, with resistance at 540, 552, and 564 September. Trends in Kansas City are mixed. Support is at 442, 440, and 432 September, with resistance at 464, 468, and 473 September. Trends in Minneapolis are down with objectives of 506 and 469 September. Support is at 510, 506, and 500 September, and resistance is at 520, 528, and 531 September.

COT — Supplemental Report – Option and Futures Combined Positions as of July 14, 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 490,448
: Positions :
: 66,126 86,840 154,304 66,899 151,842 177,952 53,801 465,281 446,787: 25,167 43,661
: Changes from: July 7, 2020 (Change in open interest: -6,372) :
: 10,284 -29,564 -1,364 -15,980 13,015 2,430 6,748 -4,630 -11,166: -1,742 4,794
: Percent of Open Interest Represented by Each Category of Trader :
: 13.5 17.7 31.5 13.6 31.0 36.3 11.0 94.9 91.1: 5.1 8.9
: Total Traders: 365 Number of Traders in Each Category :
: 79 111 110 76 109 46 25 274 291:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of July 14, 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 269,513
: Positions :
: 39,093 70,910 55,457 80,825 105,253 72,369 19,046 247,745 250,666: 21,768 18,847
: Changes from: July 7, 2020 (Change in open interest: 11,860) :
: 1,711 -3,703 5,577 2,837 11,064 1,080 613 11,205 13,552: 654 -1,692
: Percent of Open Interest Represented by Each Category of Trader :
: 14.5 26.3 20.6 30.0 39.1 26.9 7.1 91.9 93.0: 8.1 7.0
: Total Traders: 243 Number of Traders in Each Category :
: 51 57 51 60 76 32 13 169 173:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of July 14, 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 64,311 :
: Positions :
: 39,870 28,770 2,278 0 0 3,951 22,477 467 4,414 1,896 2,123 :
: Changes from: July 7, 2020 :
: -2,383 -1,650 201 0 0 1,692 2,109 -177 -399 -432 443 :
: Percent of Open Interest Represented by Each Category of Trader :
: 62.0 44.7 3.5 0.0 0.0 6.1 35.0 0.7 6.9 2.9 3.3 :
: Number of Traders in Each Category Total Traders: 95 :
: 47 34 . 0 0 7 18 . 7 5 7 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of July 14, 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 30,365 :
: Positions :
: 11,339 27,364 0 140 994 16,737 0 56 81 79 1,066 :
: Changes from: July 7, 2020 :
: 850 2,395 0 -67 348 1,705 0 8 -192 60 321 :
: Percent of Open Interest Represented by Each Category of Trader :
: 37.3 90.1 0.0 0.5 3.3 55.1 0.0 0.2 0.3 0.3 3.5 :
: Number of Traders in Each Category Total Traders: 32 :
: 13 21 . . . 6 0 . . . . :
—————————————————————————————————————-

RICE
General Comments: Rice was lower as harvest comes closer. New crop prospects appear solid for increased production in the coming year. The area is larger and the growing conditions are mostly good. 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 and are called in good condition now in Mississippi, Arkansas, and Missouri. Early harvest activities are reported in Texas and southern Louisiana.
Overnight News: The Delta should get mostly dry conditions. Temperatures should be near to above normal.
Chart Analysis: Trends are mixed to down with no objectives. Support is at 1170, 1167, and 1147 September, with resistance at 1190, 1210, and 1213 September.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of July 14, 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 11,562 :
: Positions :
: 5,382 8,963 195 0 0 2,512 467 233 871 62 755 :
: Changes from: July 7, 2020 :
: 435 317 -5 0 0 102 0 -12 1 54 -8 :
: Percent of Open Interest Represented by Each Category of Trader :
: 46.5 77.5 1.7 0.0 0.0 21.7 4.0 2.0 7.5 0.5 6.5 :
: Number of Traders in Each Category Total Traders: 57 :
: 16 20 . 0 0 13 . . 10 5 10 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn was lower but closed near the weekly highs. It is still a weather market. Rains fell in many of the drier areas of the Midwest last week and greatly benefited the crops. It was hot and dry over the weekend and it should remain generally hot for parts of this week. Some of the forecasts call for rains to continue to fall and support crops while others call for less. 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 close to capacity. The backlog of Cattle and Hogs will slowly disappear under this scenario and meats wholesale and retail prices are stable or 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. Recent reverses by some states on opening orders are hurting demand ideas for ethanol. US prices are high in the world market so export sales are expected to be less.
Overnight News:
Chart Analysis: Trends in Corn are mixed. Support is at 326, 322, and 316 September, and resistance is at 336, 340, and 346 September. Trends in Oats are down with objectives of 266 September. Support is at 276, 271, and 268 September, and resistance is at 285, 288, and 290 September.

COT — Supplemental Report – Option and Futures Combined Positions as of July 14, 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 1,876,486
: Positions :
: 131,661 303,218 443,080 649,300 750,838 451,615 139,788 1,675,655 1,636,923: 200,830 239,563
: Changes from: July 7, 2020 (Change in open interest: 3,741) :
: 7,944 -11,366 -2,354 9,266 16,015 -4,918 -9,090 9,937 -6,795: -6,196 10,537
: Percent of Open Interest Represented by Each Category of Trader :
: 7.0 16.2 23.6 34.6 40.0 24.1 7.4 89.3 87.2: 10.7 12.8
: Total Traders: 763 Number of Traders in Each Category :
: 133 149 182 345 334 52 31 635 607:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of July 14, 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 4,645 :
: Positions :
: 914 3,504 80 0 0 1,297 0 0 787 12 282 :
: Changes from: July 7, 2020 :
: 125 -72 -6 0 0 -256 0 0 31 -1 54 :
: Percent of Open Interest Represented by Each Category of Trader :
: 19.7 75.4 1.7 0.0 0.0 27.9 0.0 0.0 16.9 0.3 6.1 :
: Number of Traders in Each Category Total Traders: 28 :
: 6 12 . 0 0 7 0 0 6 . . :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans were a little higher on better Chinese demand and on the US weather. 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 few days. Many Soybeans appear short in the central Midwest right now. Ideas are that USDA will show slight improvement in crop conditions this week after rains hit much of the belt last week.
Overnight News: China bought 132,000 tons of US Soybeans.
Chart Analysis: Trends in Soybeans are mixed. Support is at 890, 885, and 882 August, and resistance is at 905, 912, and 913 August. Trends in Soybean Meal are mixed to down with objectives of 280.00 and 277.00 August. Support is at 284.00, 279.00, and 276.00 August, and resistance is at 290.00, 292.00, and 296.00 August. Trends in Soybean Oil are up with objectives of 3100 August. Support is at 2920, 2890, and 2850 August, with resistance at 3050, 3100, and 3150 August.

COT — Supplemental Report – Option and Futures Combined Positions as of July 14, 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 975,293
: Positions :
: 100,589 65,236 262,578 322,166 525,848 222,463 53,910 907,796 907,572: 67,497 67,721
: Changes from: July 7, 2020 (Change in open interest: -25,741) :
: -28,771 6,610 -5,200 15,424 -25,123 -3,491 -3,582 -22,038 -27,296: -3,703 1,555
: Percent of Open Interest Represented by Each Category of Trader :
: 10.3 6.7 26.9 33.0 53.9 22.8 5.5 93.1 93.1: 6.9 6.9
: Total Traders: 571 Number of Traders in Each Category :
: 153 110 175 197 212 52 28 497 441:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of July 14, 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 467,484
: Positions :
: 43,713 53,421 98,503 175,173 261,680 113,801 24,719 431,189 438,322: 36,295 29,162
: Changes from: July 7, 2020 (Change in open interest: -3,921) :
: -8,159 5,853 1,292 4,182 -12,088 -1,120 -39 -3,804 -4,982: -117 1,061
: Percent of Open Interest Represented by Each Category of Trader :
: 9.4 11.4 21.1 37.5 56.0 24.3 5.3 92.2 93.8: 7.8 6.2
: Total Traders: 296 Number of Traders in Each Category :
: 61 67 88 83 76 38 24 241 216:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of July 14, 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 463,141
: Positions :
: 38,184 63,608 84,970 191,381 254,440 101,940 34,335 416,476 437,353: 46,666 25,788
: Changes from: July 7, 2020 (Change in open interest: -12,308) :
: -8,313 -454 135 1,374 -13,161 -2,525 802 -9,329 -12,678: -2,979 370
: Percent of Open Interest Represented by Each Category of Trader :
: 8.2 13.7 18.3 41.3 54.9 22.0 7.4 89.9 94.4: 10.1 5.6
: Total Traders: 284 Number of Traders in Each Category :
: 55 62 66 101 88 37 20 228 208:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: World vegetable oils markets were higher last week. Palm Oil closed higher after news of renewed demand interest from India and China and on reports of less production from Malaysia. 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, but recovered with Chicago and Malaysia. 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 and most areas have seen rain.
Overnight News:
Chart Analysis: Trends in Canola are mixed to up with objectives of 486.00 and 491.00 November. Support is at 480.00, 475.00, and 470.00 November, with resistance at 484.00, 487.00, and 493.00 November. Trends in Palm Oil are up with objectives of 2930 October. Support is at 2570, 2490, and 2450 October, with resistance at 2850, 2680, and 2710 October.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of July 14, 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 169,334 :
: Positions :
: 141,827 111,193 45 1,434 1,065 9,502 32,781 3,116 2,917 7,110 10,012 :
: Changes from: July 7, 2020 :
: 832 6,638 1 492 25 327 -6,437 52 379 524 -1,015 :
: Percent of Open Interest Represented by Each Category of Trader :
: 83.8 65.7 0.0 0.8 0.6 5.6 19.4 1.8 1.7 4.2 5.9 :
: Number of Traders in Each Category Total Traders: 215 :
: 32 51 . 5 . 17 36 10 25 60 15 :

DJ Canadian Grain Handling Summary – Jul 17
By MarketsFarm
Winnipeg, July 17 (MarketsFarm) – The following are Canadian grain
handling summary statistics for the week ended July 12, 2020. Figures
in thousands of metric tons.
Source: Canadian Grain Commission.
Durum
Wheat Wheat Oats Barley Flax Canola Peas Corn Total*
COMMERCIAL STOCKS
This Week 2297.2 650.5 230.9 306.0 62.1 1185.3 140.4 125.2 5480.2
Week Ago 2266.3 689.9 224.8 330.6 59.4 1085.6 158.3 122.7 5433.4
Year Ago 2177.4 689.0 122.0 257.9 24.5 888.5 257.5 302.8 5351.6
PRODUCER DELIVERIES
This Week 511.8 114.1 37.9 49.6 7.2 496.5 26.0 9.4 1310.5
Week Ago 338.9 95.8 25.9 43.3 4.5 358.2 18.1 3.9 941.6
To Date 20867.1 4914.0 2413.6 3704.1 347.6 19244.1 3627.1 344.2 59320.8
Year Ago 20151.8 4379.4 2006.4 3263.3 371.3 17196.9 3181.3 541.5 54868.5
TERMINAL RECEIPTS
This Week 515.3 141.6 10.9 33.0 2.2 202.2 15.1 49.8 1049.6
Week Ago 533.1 142.8 7.5 23.9 4.3 137.4 18.4 20.7 966.3
To Date 19318.5 5982.8 452.2 1980.4 193.7 10198.2 2446.9 559.5 46239.1
Year Ago 19637.2 4889.7 413.3 1939.8 158.3 9383.8 1966.6 1381.6 45990.8
EXPORTS
This Week 461.2 120.8 24.0 27.4 0.4 187.8 18.0 58.5 1015.1
Week Ago 559.5 86.8 25.3 20.6 0.9 142.6 18.3 29.1 932.6
To Date 16739.6 4852.1 1502.5 2043.5 199.5 9477.5 2489.6 416.5 41607.3
Year Ago 17170.4 4300.9 1451.8 2101.8 270.6 8775.2 1998.2 1708.4 42288.4
DOMESTIC DISAPPEARANCE
This Week 57.3 3.0 18.1 24.0 1.0 170.7 4.5 19.6 324.8
Week Ago 73.2 13.8 15.3 18.6 0.9 168.5 2.2 21.5 329.4
To Date 3668.0 439.0 746.5 1486.4 50.3 9843.8 224.7 675.3 18736.0
Year Ago 3820.2 323.5 297.0 1097.4 55.7 8896.8 201.3 1118.9 17839.5
Week Ago 2389.8 681.9 249.0 312.2 53.6 1153.3 166.6 157.4 5735.3
Year Ago 2177.4 689.0 122.0 257.9 24.5 888.5 257.5 302.8 5351.6
*Totals include data from other crops not shown including rye, soybeans,
canary seed, mustard seed, beans, lentils and chickpeas.

Midwest Weather Forecast: Mostly dry to the south, periods of showers north. Temperatures should average above normal

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
July +60 Sep +145 Sep +60 Sep +62 Aug N/A N/A
August +60 Sep +60 Sep +65 Aug
September +62 Sep +55 Sep +68 Nov

DJ ICE Canada Cash Grain Close – Jul 17
WINNIPEG, July 17 (MarketsFarm) – The following are the closing
cash canola prices from ICE Futures. Source: ICE Futures
Price Basis Contract Change
CANOLA
*Par Region 461.40 -13.00 Nov 2020 up 1.40
Basis: Thunder Bay 498.50 15.00 Nov 2020 up 4.10
Basis: Vancouver 503.50 25.00 Nov 2020 up 4.10
All prices in Canadian dollars per metric ton.

DJ Malaysian PM Cash Market Prices for Palm Oil – July 20
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
Aug 667.50 +10.00 Unquoted – –
Sept 657.50 +15.00 Unquoted – –
Oct/Nov/Dec 640.00 +12.50 Unquoted – –
Jan/Feb/Mar 632.50 +10.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Aug 670.00 +10.00 Unquoted – –
Sept 660.00 +15.00 Unquoted – –
Oct/Nov/Dec 642.50 +12.50 Unquoted – –
Jan/Feb/Mar 635.00 +10.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Aug 650.00 +15.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Aug 565.00 +15.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Aug 2,750.00 +50.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Aug 182.00 +06.00 Unquoted – –
($1=MYR4.261)

DJ China Dalian Grain Futures Closing Prices, Volume – Jul 20
Soybean No. 1
Turnover: 288,437 lots, or 13.36 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-20 4,742 4,770 4,638 4,661 4,732 4,686 -46 251,156 136,733
Nov-20 4,335 4,335 4,226 4,280 4,320 4,286 -34 1,163 2,183
Jan-21 4,305 4,315 4,230 4,267 4,297 4,267 -30 34,038 55,550
Mar-21 4,317 4,317 4,251 4,268 4,290 4,276 -14 480 403
May-21 4,325 4,327 4,249 4,287 4,311 4,281 -30 1,284 4,735
Jul-21 4,273 4,304 4,266 4,288 4,319 4,281 -38 316 253
Corn
Turnover: 1,071,640 lots, or 23.33 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-20 2,165 2,202 2,162 2,190 2,157 2,183 26 796,282 564,360
Nov-20 2,154 2,168 2,154 2,162 2,154 2,162 8 52,662 54,665
Jan-21 2,149 2,157 2,143 2,152 2,146 2,150 4 172,760 524,714
Mar-21 2,150 2,161 2,150 2,157 2,153 2,155 2 4,147 4,029
May-21 2,171 2,178 2,165 2,172 2,169 2,172 3 39,447 181,720
Jul-21 2,197 2,200 2,180 2,191 2,186 2,190 4 6,342 1,557
Soymeal
Turnover: 1,408,280 lots, or 40.81 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Aug-20 2,899 2,910 2,887 2,908 2,894 2,900 6 121 1,331
Sep-20 2,901 2,922 2,886 2,920 2,897 2,906 9 918,183 1,019,350
Nov-20 2,918 2,944 2,903 2,940 2,914 2,924 10 58,631 59,406
Dec-20 2,921 2,943 2,905 2,936 2,914 2,924 10 31,429 8,108
Jan-21 2,913 2,930 2,898 2,926 2,907 2,915 8 312,951 943,956
Mar-21 2,760 2,769 2,750 2,765 2,755 2,760 5 3,945 4,152
May-21 2,714 2,720 2,701 2,712 2,711 2,710 -1 82,900 378,080
Jul-21 2,729 2,737 2,719 2,732 2,723 2,726 3 120 249
Palm Oil
Turnover: 2,053,093 lots, or 11.33 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Aug-20 5,864 5,910 5,856 5,910 5,840 5,876 36 3 4
Sep-20 5,468 5,618 5,426 5,542 5,378 5,532 154 1,845,902 381,775
Oct-20 5,378 5,532 5,344 5,452 5,298 5,462 164 9,901 7,066
Nov-20 5,370 5,514 5,346 5,448 5,290 5,440 150 13,287 2,439
Dec-20 5,506 5,506 5,322 5,424 5,274 5,422 148 9,052 1,280
Jan-21 5,312 5,458 5,290 5,396 5,254 5,382 128 170,621 138,978
Feb-21 – – – 5,436 5,308 5,436 128 0 118
Mar-21 5,450 5,476 5,450 5,476 5,334 5,462 128 2 17
Apr-21 – – – 5,368 5,244 5,368 124 0 151
May-21 5,360 5,490 5,342 5,438 5,318 5,442 124 4,325 13,659
Jun-21 – – – 5,310 5,190 5,310 120 0 0
Jul-21 – – – 5,414 5,292 5,414 122 0 0
Soybean Oil
Turnover: 737,419 lots, or 45.70 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Aug-20 6,390 6,390 6,390 6,390 6,176 6,390 214 2 4
Sep-20 6,134 6,288 6,118 6,228 6,062 6,206 144 524,509 308,978
Nov-20 6,134 6,288 6,120 6,222 6,082 6,210 128 8,508 9,618
Dec-20 6,144 6,268 6,122 6,228 6,064 6,204 140 9,282 1,455
Jan-21 6,140 6,244 6,094 6,170 6,044 6,172 128 183,264 273,013
Mar-21 6,090 6,210 6,058 6,112 6,028 6,134 106 5,906 586
May-21 6,098 6,194 6,066 6,116 6,014 6,134 120 5,948 27,843
Jul-21 – – – 6,152 6,032 6,152 120 0 0
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