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 Jul 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 Jul 1 11,438 11,480 100 99.9 99.1- 100.7
Placed in Jun 1,798 1,761 102 103.6 100.1- 107.9
Marketed in Jun 1,969 1,943 101 101.0 98.8- 103.1
Note: USDA rounds its estimates to the nearest whole number.

DJ U.S. Cattle Inventory: Totals/Calf Crop-Jul 24
Cattle Inventory by Class and Calf Crop – United States: July 1, 2019 and 2020
——————————————————————————–
: : : Percent of
Class : 2019 : 2020 :previous year
——————————————————————————–
: —— 1,000 head —– percent
Cattle and calves ……………….: 102,900.0 103,000.0 100
Cows and heifers that have calved …: 41,600.0 41,400.0 100
Beef cows …………………….: 32,300.0 32,050.0 99
Milk cows …………………….: 9,300.0 9,350.0 101
Heifers 500 pounds and over ………: 16,400.0 16,500.0 101
For beef cow replacement ……….: 4,400.0 4,400.0 100
For milk cow replacement ……….: 4,100.0 4,100.0 100
Other heifers …………………: 7,900.0 8,000.0 101
Steers 500 pounds and over ……….: 14,700.0 15,000.0 102
Bulls 500 pounds and over ………..: 2,100.0 2,100.0 100
Calves under 500 pounds ………….: 28,100.0 28,000.0 100
Cattle on feed ………………….: 13,600.0 13,600.0 100
Calf crop ………………………: 36,059.6 35,800.0 99
——————————————————————————–
Calf Crop and Percent of Total by Six-Month Period – United States: 2019 and
Preliminary 2020
————————————————————————————
: 2019 : 2020
:——————————————————-
Period : : Percent of : : Percent of
: Number : total : Number : total
————————————————————————————
: 1,000 head percent 1,000 head percent
January 1 – June 30 ……..: 26,350.0 73.1 26,100.0 72.9
July 1 – December 31 …….: 9,709.6 26.9 9,700.0 27.1
Total ………………….: 36,059.6 100.0 35,800.0 100.0
————————————————————————————

WHEAT
General Comments: Winter Wheat markets were higher at the close last week as the Winter Wheat harvest started to get complete. Spring Wheat was developing under good growing conditions but futures prices closed higher. 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 mixed 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 and now Spring Wheat areas of Russia are being affected. Russian Winter Wheat yields have improved over time as harvesters move into areas that had better growing conditions. Australia remains in good condition and is getting beneficial rains. About half of the Argentine Wheat belt is too dry.
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 530, 517, and 494 September, with resistance at 552, 564, and 568 September. Trends in Kansas City are mixed. Support is at 440, 431, and 424 September, with resistance at 455, 464, and 468 September. Trends in Minneapolis are mixed. Support is at 510, 508, and 500 September, and resistance is at 520, 528, and 531 September.

: 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 483,480
: Positions :
: 70,881 90,442 148,171 60,999 145,791 178,488 52,177 458,538 436,581: 24,941 46,898
: Changes from: July 14, 2020 (Change in open interest: -6,968) :
: 4,755 3,603 -6,133 -5,900 -6,051 536 -1,624 -6,743 -10,205: -226 3,237
: Percent of Open Interest Represented by Each Category of Trader :
: 14.7 18.7 30.6 12.6 30.2 36.9 10.8 94.8 90.3: 5.2 9.7
: Total Traders: 365 Number of Traders in Each Category :
: 78 112 106 71 107 47 24 271 284:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of July 21, 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 285,181
: Positions :
: 43,316 70,729 67,899 78,205 108,349 73,491 19,522 262,911 266,500: 22,270 18,681
: Changes from: July 14, 2020 (Change in open interest: 15,668) :
: 4,223 -180 12,442 -2,620 3,096 1,122 477 15,166 15,834: 502 -167
: Percent of Open Interest Represented by Each Category of Trader :
: 15.2 24.8 23.8 27.4 38.0 25.8 6.8 92.2 93.4: 7.8 6.6
: Total Traders: 255 Number of Traders in Each Category :
: 55 61 62 68 72 34 15 189 183:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of July 21, 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 69,996 :
: Positions :
: 40,748 28,519 2,070 0 0 5,636 26,289 594 4,493 2,197 2,548 :
: Changes from: July 14, 2020 :
: 878 -252 -208 0 0 1,685 3,812 127 80 301 425 :
: Percent of Open Interest Represented by Each Category of Trader :
: 58.2 40.7 3.0 0.0 0.0 8.1 37.6 0.8 6.4 3.1 3.6 :
: Number of Traders in Each Category Total Traders: 95 :
: 48 36 . 0 0 6 19 . 6 6 7 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of July 21, 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 32,061 :
: Positions :
: 13,013 28,795 164 710 682 17,340 0 38 238 475 410 :
: Changes from: July 14, 2020 :
: 1,674 1,431 163 570 -312 603 0 -18 157 396 -657 :
: Percent of Open Interest Represented by Each Category of Trader :
: 40.6 89.8 0.5 2.2 2.1 54.1 0.0 0.1 0.7 1.5 1.3 :
: Number of Traders in Each Category Total Traders: 32 :
: 13 21 . . . 6 0 . . . . :
—————————————————————————————————————-

RICE
General Comments Rice was lower as harvest has started near the Gulf Coast. A tropical storm is moving towards Texas but looks to make landfall too far south to impact Rice crops. 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. Texas and southern Louisiana field yield reports are strong.
Overnight News: The Delta should get mostly dry conditions. Temperatures should be near to above normal.
Chart Analysis: Trends are mixed. Support is at 1176, 1170, and 1167 September, with resistance at 1190, 1210, and 1213 September.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of July 21, 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 11,432 :
: Positions :
: 5,395 8,799 163 0 0 2,298 468 217 839 54 860 :
: Changes from: July 14, 2020 :
: 13 -164 -32 0 0 -214 1 -16 -32 -8 105 :
: Percent of Open Interest Represented by Each Category of Trader :
: 47.2 77.0 1.4 0.0 0.0 20.1 4.1 1.9 7.3 0.5 7.5 :
: Number of Traders in Each Category Total Traders: 55 :
: 15 19 . 0 0 13 . . 11 4 10 :
—————————————————————————————————————-

CORN AND OATS
General Comments Corn was lower. It is still a weather market. Rains fell in many of the drier areas of the Midwest again last week and greatly benefited the crops. It was hot and dry over the weekend but it should turn cooler and wetter for parts of this week. Trends are turning down in Corn. There have been problems with demand. Meats processors are back and are close to capacity. Meats wholesale and retail prices are stable or falling. 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 322, 316, and 307 September, and resistance is at 330, 336, and 338 September. Trends in Oats are mixed to up with objectives of 284, 304, and 3211 September. Support is at 284, 281, and 276 September, and resistance is at 288, 290, and 298 September.

COT — Supplemental Report – Option and Futures Combined Positions as of July 21, 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 1,905,548
: Positions :
: 140,140 305,133 470,724 641,795 742,338 451,431 142,915 1,704,089 1,661,110: 201,459 244,438
: Changes from: July 14, 2020 (Change in open interest: 29,062) :
: 8,479 1,915 27,644 -7,505 -8,499 -184 3,127 28,434 24,187: 628 4,875
: Percent of Open Interest Represented by Each Category of Trader :
: 7.4 16.0 24.7 33.7 39.0 23.7 7.5 89.4 87.2: 10.6 12.8
: Total Traders: 785 Number of Traders in Each Category :
: 134 166 196 343 334 54 31 653 625:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of July 21, 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 4,585 :
: Positions :
: 888 3,538 80 0 0 1,100 0 0 825 11 272 :
: Changes from: July 14, 2020 :
: -26 34 0 0 0 -197 0 0 38 -1 -10 :
: Percent of Open Interest Represented by Each Category of Trader :
: 19.4 77.2 1.7 0.0 0.0 24.0 0.0 0.0 18.0 0.2 5.9 :
: 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. 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. Its commitments have been thrown into doubt by the continued political tensions between the two countries. 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 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. Some beneficial rains are possible after that from the hurricane and from monsoon rains from the Pacific.
Overnight News: China bought 132,000 tons of US Soybeans. Mexico bought 250,371 tons of US Soybeans.
Chart Analysis: Trends in Soybeans are mixed to up with objectives of 914 and 927 August. Support is at 901, 890, and 885 August, and resistance is at 911, 917, and 921 August. Trends in Soybean Meal are mixed to up with objectives of 291.00 and 295.00 August. Support is at 287.00, 284.00, and 281.00 August, and resistance is at 292.00, 294.00, and 296.00 August. Trends in Soybean Oil are mixed. Support is at 2960, 2890, and 2850 August, with resistance at 3050, 3100, and 3150 August.

COT — Supplemental Report – Option and Futures Combined Positions as of July 21, 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 994,119
: Positions :
: 109,527 70,443 263,330 329,126 534,964 227,251 56,737 929,234 925,475: 64,885 68,644
: Changes from: July 14, 2020 (Change in open interest: 18,826) :
: 8,937 5,207 752 6,960 9,116 4,788 2,827 21,438 17,903: -2,612 923
: Percent of Open Interest Represented by Each Category of Trader :
: 11.0 7.1 26.5 33.1 53.8 22.9 5.7 93.5 93.1: 6.5 6.9
: Total Traders: 566 Number of Traders in Each Category :
: 158 104 180 192 211 53 29 486 450:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of July 21, 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 481,302
: Positions :
: 60,723 37,742 95,106 173,275 294,532 113,208 26,064 442,312 453,444: 38,989 27,858
: Changes from: July 14, 2020 (Change in open interest: 13,817) :
: 17,010 -15,679 -3,396 -1,898 32,852 -593 1,345 11,123 15,122: 2,694 -1,305
: Percent of Open Interest Represented by Each Category of Trader :
: 12.6 7.8 19.8 36.0 61.2 23.5 5.4 91.9 94.2: 8.1 5.8
: Total Traders: 302 Number of Traders in Each Category :
: 72 60 88 81 81 39 23 245 219:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of July 21, 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 473,404
: Positions :
: 41,073 65,560 85,488 196,600 260,587 101,702 34,860 424,862 446,495: 48,542 26,909
: Changes from: July 14, 2020 (Change in open interest: 10,263) :
: 2,890 1,952 517 5,218 6,147 -239 526 8,387 9,142: 1,876 1,121
: Percent of Open Interest Represented by Each Category of Trader :
: 8.7 13.8 18.1 41.5 55.0 21.5 7.4 89.7 94.3: 10.3 5.7
: Total Traders: 288 Number of Traders in Each Category :
: 48 70 71 105 90 36 20 231 216:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: World vegetable oils markets were higher again last week. Palm Oil closed higher after news of renewed demand interest from India and China and on reports of less production from Malaysia and Indonesia. Flooding and a lack of workers for the plantations have been the reasons to see less production. 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, but closed a little lower anyway on spreads against Soybean Meal. Canola fell initially on improved growing conditions in the Canadian Prairies, but recovered with Malaysia. Crop conditions are mostly good and farmers have been selling old crop supplies. 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 491.00 November. Support is at 480.00, 475.00, and 470.00 November, with resistance at 487.00, 490.00, and 493.00 November. Trends in Palm Oil are up with objectives of 2930 October. Support is at 2710, 2630, and 2570 October, with resistance at 2800, 2830, and 2870 October.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of July 21, 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 170,270 :
: Positions :
: 136,872 115,522 45 1,420 1,025 14,828 25,442 3,027 2,862 10,166 10,749 :
: Changes from: July 14, 2020 :
: -4,955 4,329 0 -14 -40 5,326 -7,339 -89 -55 3,056 737 :
: Percent of Open Interest Represented by Each Category of Trader :
: 80.4 67.8 0.0 0.8 0.6 8.7 14.9 1.8 1.7 6.0 6.3 :
: Number of Traders in Each Category Total Traders: 241 :
: 33 56 . 5 . 33 22 13 28 78 15 :
—————————————————————————————————————-

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 +58 Sep +145 Sep +60 Sep +70 Aug N/A N/A
August +62 Sep +60 Sep +70 Aug
September +64 Sep +60 Sep +75 Nov

DJ ICE Canada Cash Grain Close – Jul 24
WINNIPEG — The following are the closing cash
canola prices from ICE Futures.
Source: ICE Futures
Price Basis Contract Change
CANOLA
*Par Region 467.40 -18.00 Nov 2020 up 1.80
Basis: Thunder Bay 503.70 16.00 Nov 2020 up 3.30
Basis: Vancouver 512.70 25.00 Nov 2020 up 7.30
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 27
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 700.00 -07.50 Unquoted – –
Sept 692.50 -07.50 Unquoted – –
Oct/Nov/Dec 635.00 -22.50 Unquoted – –
Jan/Feb/Mar 622.50 -20.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Aug 702.50 -07.50 Unquoted – –
Sept 695.00 -07.50 Unquoted – –
Oct/Nov/Dec 637.50 -22.50 Unquoted – –
Jan/Feb/Mar 625.00 -20.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Aug 665.00 -05.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Aug 585.00 -05.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Aug 2,820.00 -60.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Aug 182.00 -03.00 Unquoted – –
($1=MYR4.250)

DJ China Dalian Grain Futures Closing Prices, Volume – Jul 27
Soybean No. 1
Turnover: 346,107 lots, or 15.75 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-20 4,572 4,671 4,514 4,621 4,582 4,590 8 306,613 129,575
Nov-20 4,262 4,322 4,262 4,322 4,270 4,281 11 1,058 2,181
Jan-21 4,221 4,288 4,219 4,279 4,237 4,250 13 35,853 51,483
Mar-21 4,220 4,278 4,220 4,259 4,246 4,250 4 532 251
May-21 4,255 4,310 4,249 4,297 4,262 4,275 13 1,068 4,624
Jul-21 4,246 4,297 4,234 4,281 4,250 4,252 2 983 411
Corn
Turnover: 1,660,916 lots, or 38.02 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-20 2,260 2,346 2,254 2,340 2,249 2,309 60 1,063,830 516,079
Nov-20 2,221 2,302 2,220 2,288 2,208 2,258 50 53,165 58,064
Jan-21 2,216 2,289 2,213 2,260 2,199 2,249 50 442,897 650,068
Mar-21 2,210 2,278 2,210 2,265 2,196 2,238 42 6,288 4,446
May-21 2,225 2,298 2,222 2,280 2,209 2,261 52 83,145 217,985
Jul-21 2,237 2,305 2,235 2,297 2,221 2,278 57 11,591 5,447
Soymeal
Turnover: 2,880,269 lots, or 86.52 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Aug-20 2,975 3,059 2,968 2,980 2,950 3,011 61 166 1,151
Sep-20 3,004 3,057 2,981 3,020 2,973 3,020 47 1,771,305 951,215
Nov-20 3,014 3,057 2,991 3,030 2,988 3,030 42 60,073 60,009
Dec-20 3,005 3,049 2,985 3,030 2,981 3,025 44 38,813 5,243
Jan-21 3,000 3,037 2,975 3,004 2,977 3,011 34 852,158 1,097,538
Mar-21 2,811 2,836 2,790 2,803 2,791 2,817 26 4,730 4,362
May-21 2,762 2,779 2,741 2,747 2,743 2,761 18 152,902 438,564
Jul-21 2,770 2,790 2,755 2,765 2,757 2,770 13 122 253
Palm Oil
Turnover: 1,764,089 lots, or 10.09 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Aug-20 6,150 6,150 5,702 5,840 5,850 5,912 62 10 1
Sep-20 5,750 5,812 5,664 5,734 5,734 5,750 16 1,539,375 325,277
Oct-20 5,626 5,712 5,552 5,574 5,582 5,650 68 19,661 7,238
Nov-20 5,566 5,636 5,468 5,510 5,526 5,558 32 11,831 3,181
Dec-20 5,500 5,582 5,444 5,494 5,510 5,518 8 13,354 1,902
Jan-21 5,510 5,540 5,388 5,438 5,488 5,474 -14 176,839 140,893
Feb-21 – – – 5,522 5,522 5,522 0 0 119
Mar-21 – – – 5,550 5,550 5,550 0 0 17
Apr-21 – – – 5,384 5,384 5,384 0 0 151
May-21 5,460 5,486 5,370 5,414 5,460 5,432 -28 3,017 14,161
Jun-21 – – – 5,532 5,532 5,532 0 0 2
Jul-21 5,538 5,538 5,414 5,414 5,538 5,476 -62 2 1
Soybean Oil
Turnover: 684,959 lots, or 42.46 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Aug-20 6,500 6,500 6,490 6,490 6,230 6,494 264 2 3
Sep-20 6,270 6,284 6,162 6,198 6,270 6,226 -44 476,081 274,326
Nov-20 6,262 6,286 6,158 6,194 6,254 6,206 -48 11,314 10,428
Dec-20 6,218 6,232 6,122 6,146 6,224 6,170 -54 12,237 2,166
Jan-21 6,176 6,182 6,092 6,114 6,178 6,130 -48 175,510 283,562
Mar-21 6,118 6,118 6,052 6,074 6,112 6,084 -28 4,114 563
May-21 6,106 6,116 6,040 6,060 6,124 6,072 -52 5,699 36,290
Jul-21 6,080 6,080 6,078 6,078 6,116 6,078 -38 2 3
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