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 higher last week as it remains dry in Europe and Russia. Western Europe is likely to get some rains in the short term, but eastern Europe and southern Russia could stay dry. These areas are trying to plant the next Winter Wheat crop but the dry weather and the dry soils are keeping farmers out of the fields. Less production is likely in Argentina due to drought. About half of Argentine growing areas are affected The next crop is being planted now in northern parts of the world. Conditions are improved in the US after some rains fell in the Great Plains but the southern Great Plains remains mostly hot and dry. The Midwest has had god rains although some areas in the southern Midwest have not gotten much rain recently.
Overnight News: The southern Great Plains should get scattered showers Wednesday and Thursday, otherwise mostly dry conditions. Temperatures should be near to below normal. Northern areas should see isolated showers or dry conditions. Temperatures will average near to below normal. The Canadian Prairies should see isolated showers. Temperatures should average near to below normal.
Chart Analysis: Trends in Chicago are up with no objectives. Support is at 569, 557, and 547 December, with resistance at 577, 581, and 587 December. Trends in Kansas City are up with no objectives Support is at 495, 490, and 486 December, with resistance at 512, 525, and 528 December. Trends in Minneapolis are up with no objectives. Support is at 549, 544, and 538 December, and resistance is at 556, 567, and 569 December.

COT — Supplemental Report – Option and Futures Combined Positions as of September 15, 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 462,819
: Positions :
: 70,834 84,318 135,780 45,877 152,746 182,833 43,429 435,324 416,272: 27,495 46,547
: Changes from: September 8, 2020 (Change in open interest: -3,821) :
: -8,171 3,515 1,604 -117 -10,084 2,952 1,127 -3,733 -3,838: -88 17
: Percent of Open Interest Represented by Each Category of Trader :
: 15.3 18.2 29.3 9.9 33.0 39.5 9.4 94.1 89.9: 5.9 10.1
: Total Traders: 387 Number of Traders in Each Category :
: 88 117 116 71 112 49 26 291 297:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of September 15, 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 246,071
: Positions :
: 48,497 48,105 52,351 51,334 111,930 74,375 15,068 226,558 227,454: 19,514 18,617
: Changes from: September 8, 2020 (Change in open interest: 3,030) :
: 355 -564 7,648 -1,419 -3,090 -1,660 -906 4,924 3,089: -1,894 -59
: Percent of Open Interest Represented by Each Category of Trader :
: 19.7 19.5 21.3 20.9 45.5 30.2 6.1 92.1 92.4: 7.9 7.6
: Total Traders: 253 Number of Traders in Each Category :
: 52 54 59 71 79 35 14 194 177:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 15, 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 57,961 :
: Positions :
: 27,292 27,171 2,360 201 169 10,023 13,031 1,140 3,916 2,860 2,336 :
: Changes from: September 8, 2020 :
: -372 814 76 155 1 1,379 -534 103 -204 192 -79 :
: Percent of Open Interest Represented by Each Category of Trader :
: 47.1 46.9 4.1 0.3 0.3 17.3 22.5 2.0 6.8 4.9 4.0 :
: Number of Traders in Each Category Total Traders: 94 :
: 35 37 . . . 9 14 5 7 6 7 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 15, 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 26,321 :
: Positions :
: 9,442 23,832 0 675 57 15,578 0 100 212 200 728 :
: Changes from: September 8, 2020 :
: -889 -467 0 -128 57 121 0 100 94 -29 16 :
: Percent of Open Interest Represented by Each Category of Trader :
: 35.9 90.5 0.0 2.6 0.2 59.2 0.0 0.4 0.8 0.8 2.8 :
: Number of Traders in Each Category Total Traders: 35 :
: 8 23 0 . . 6 0 . . . . :
—————————————————————————————————————-

RICE
General Comments: Rice was higher. Reports indicate that export and domestic demand has not been real strong to start out the new crop year. Exporters and domestic mills are thought to be holding back on purchases for as long as possible due to the current relatively high prices. That changed a little in the last week as the weekly export sales report was strong. Brazil was a buyer of 30,000 tons of Rough Rice and much of Central America was noted buying as well. The rebound in demand supported futures and pushed the market to new highs for the move late in the week. The harvest has been active in most states with good field yields reported. Quality is said to be very good, especially in Arkansas. Milling yields are higher and appearance is very good with minimal chalk or peck showing.
Overnight News: The Delta should get scattered showers. Temperatures should be near to above normal.
Chart Analysis: Trends are up with objectives of 1256 November. Support is at 1237, 1220, and 1210 November, with resistance at 1260, 1267, and 1290 November.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 15, 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 10,401 :
: Positions :
: 4,842 8,813 102 0 0 2,485 467 0 895 199 331 :
: Changes from: September 8, 2020 :
: 62 -473 1 0 0 -197 0 0 -29 64 89 :
: Percent of Open Interest Represented by Each Category of Trader :
: 46.6 84.7 1.0 0.0 0.0 23.9 4.5 0.0 8.6 1.9 3.2 :
: Number of Traders in Each Category Total Traders: 46 :
: 12 18 . 0 0 11 . 0 7 . . :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn was higher last week. Demand is holding strong for exports, but it is harvest time and initial yield reports have been strong. USDA has found less damage to crops in Iowa and northern Illinois due to the drought and derecho winds that hit both areas a month ago. That allowed for the higher yield, production, and ending stocks estimates. The harvest is concentrated in the southeast and Delta for now but will soon expand into the Midwest with very good harvest conditions. Demand has held together with China and other countries doing some buying. China seemed to be mostly quiet in the Corn market last week but did buy 210,000 tons on Friday. Other buyers around the world have been active as well. Corn is having trouble making any upside moves despite the demand due to the harvest and stronger than expected very early yield results.
Overnight News:
Chart Analysis: Trends in Corn are up with objectives of 387 December. Support is at 371, 364, and 363 December, and resistance is at 380, 383, and 386 December. Trends in Oats are up with objectives of 290 December. Support is at 279, 275, and 273 December, and resistance is at 285, 288, and 292 December.

COT — Supplemental Report – Option and Futures Combined Positions as of September 15, 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 1,837,646
: Positions :
: 210,354 180,425 451,588 547,277 853,301 452,968 113,788 1,662,188 1,599,102: 175,458 238,544
: Changes from: September 8, 2020 (Change in open interest: 86,531) :
: 18,272 -14,120 42,860 21,008 45,944 8,744 6,275 90,883 80,959: -4,352 5,572
: Percent of Open Interest Represented by Each Category of Trader :
: 11.4 9.8 24.6 29.8 46.4 24.6 6.2 90.5 87.0: 9.5 13.0
: Total Traders: 817 Number of Traders in Each Category :
: 171 147 170 324 366 49 30 643 623:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 15, 2020
: Reportable Positions :
:————————————————————————————————————- :
: Producer/Merchant : : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables :
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading :
—————————————————————————————————————-
OATS – CHICAGO BOARD OF TRADE (CONTRACTS OF 5,000 BUSHELS) :
CFTC Code #004603 Open Interest is 5,491 :
: Positions :
: 1,467 4,596 126 0 0 791 0 0 690 2 310 :
: Changes from: September 8, 2020 :
: 14 78 0 0 0 -52 0 0 -2 -3 -3 :
: Percent of Open Interest Represented by Each Category of Trader :
: 26.7 83.7 2.3 0.0 0.0 14.4 0.0 0.0 12.6 0.0 5.6 :
: Number of Traders in Each Category Total Traders: 25 :
: 9 11 . 0 0 6 0 0 4 . . :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans and the products closed higher for the week. Funds and other speculators were the best buyers on the week in futures and China was the best buyer in cash markets. Soybeans were the leader to the upside due to the strong Chinese demand. Much of the demand until now has been from China and some in the trade now think China will buy more than what USDA has indicated in its supply and demand tables. The trade generally expects China to shift its buying back to Brazil in the near future, but USDA suggests that China could continue to buy here a little longer than expected.
Overnight News: China and Pakistan each bought 132,000 tons of US Soybeans and unknown destinations bought171,000 tons of US Soybeans.
Chart Analysis: Trends in Soybeans are up with objectives of 1054 November. Support is at 1027, 1006, and 985 November, and resistance is at 1048, 1060, and 1072 November. Trends in Soybean Meal are up with objectives of 339.00 October. Support is at 330.00, 323.00, and 319.00 October, and resistance is at 339.00, 342.00, and 345.00 October. Trends in Soybean Oil are up with objectives of 3650 October. Support is at 3470, 3450, and 3390 October, with resistance at 3550, 3580, and 3610 October.

COT — Supplemental Report – Option and Futures Combined Positions as of September 15, 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 1,147,625
: Positions :
: 200,326 47,100 286,424 329,996 659,054 255,694 62,698 1,072,440 1,055,275: 75,186 92,350
: Changes from: September 8, 2020 (Change in open interest: 78,537) :
: 17,725 -3,648 29,680 13,247 34,182 13,459 7,593 74,111 67,807: 4,426 10,729
: Percent of Open Interest Represented by Each Category of Trader :
: 17.5 4.1 25.0 28.8 57.4 22.3 5.5 93.4 92.0: 6.6 8.0
: Total Traders: 693 Number of Traders in Each Category :
: 191 131 186 204 268 56 23 551 525:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of September 15, 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 523,398
: Positions :
: 93,526 17,487 98,369 145,955 354,900 138,452 24,075 476,302 494,830: 47,096 28,568
: Changes from: September 8, 2020 (Change in open interest: 12,460) :
: 12,821 1,872 6,345 -7,894 5,517 1,961 -102 13,234 13,633: -773 -1,172
: Percent of Open Interest Represented by Each Category of Trader :
: 17.9 3.3 18.8 27.9 67.8 26.5 4.6 91.0 94.5: 9.0 5.5
: Total Traders: 316 Number of Traders in Each Category :
: 104 36 77 83 90 41 21 264 202:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of September 15, 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 510,033
: Positions :
: 58,958 24,088 116,539 172,007 317,126 110,564 25,612 458,069 483,365: 51,964 26,668
: Changes from: September 8, 2020 (Change in open interest: 8,161) :
: 3,629 -1,928 -1,649 1,161 11,810 3,865 2,076 7,006 10,309: 1,154 -2,148
: Percent of Open Interest Represented by Each Category of Trader :
: 11.6 4.7 22.8 33.7 62.2 21.7 5.0 89.8 94.8: 10.2 5.2
: Total Traders: 278 Number of Traders in Each Category :
: 80 44 77 82 83 37 18 234 198:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Palm Oil closed higher last week but sharply lower today. Demand reports from the private surveyors are stronger this month. Production ideas are turning seasonally higher as trees enter a peak production period over the next few months, but year to year production estimates are down this year from last year. Most importers seem to have enough stocks on hand and the Coronavirus pandemic is keeping overall demand on the lighter side. Soybean Oil was a little higher and Canola was higher. Canola farmers have withdrawn from the market and speculators are buying. The rally in US Soybeans futures was also supportive to Canola futures as was weakness in the Canadian Dollar.
Overnight News: AmSpec said that Malaysian Palm Oil exports are now 1.040 million tons, from 925,083 tons last month.
Chart Analysis: Trends in Canola are up with objectives of 536.00 November. Support is at 524.00, 518.00, and 512.00 November, with resistance at 534.00, 536.00, and 539.00 November. Trends in Palm Oil are up with no objectives. Support is at 3030, 3000, and 2970 December, with resistance at 4080, 3110, and 3140 December.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 15, 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 245,738 :
: Positions :
: 152,392 199,546 81 3,011 170 55,447 884 8,368 9,326 12,197 18,943 :
: Changes from: September 8, 2020 :
: -5,465 2,944 39 -70 -153 5,824 -637 1,831 1,667 -265 2,508 :
: Percent of Open Interest Represented by Each Category of Trader :
: 62.0 81.2 0.0 1.2 0.1 22.6 0.4 3.4 3.8 5.0 7.7 :
: Number of Traders in Each Category Total Traders: 317 :
: 37 79 . 6 . 51 9 14 43 107 25 :
—————————————————————————————————————-

DJ Canadian Grain Handling Summary – Sep 18
WINNIPEG–The following are Canadian grain handling summary
statistics for the week ended Sept. 7, 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 2484.3 783.1 353.4 468.1 22.4 1150.9 644.1 46.6 6690.2
Week Ago 2478.7 711.0 343.5 420.1 20.8 917.0 630.6 46.4 6305.2
Year Ago 1636.4 530.1 178.3 314.6 15.2 803.3 468.9 55.3 4437.4
PRODUCER DELIVERIES
This Week 447.0 115.8 96.8 114.4 4.0 595.7 161.0 7.2 1644.0
Week Ago 412.2 136.9 98.5 152.5 2.0 410.7 260.1 8.0 1611.5
To Date 2328.0 522.5 431.6 560.8 19.1 2143.5 1171.1 49.0 7873.2
Year Ago 1632.5 371.0 294.3 344.6 9.5 1653.2 816.7 56.5 5536.5
TERMINAL RECEIPTS
This Week 400.4 72.1 4.7 56.5 0.2 174.9 164.1 1.2 951.7
Week Ago 411.5 113.3 9.0 45.9 0.1 127.9 192.3 1.2 980.1
To Date 3505.3 546.2 55.0 274.8 16.8 1279.2 538.4 13.1 6575.3
Year Ago 2195.6 682.6 45.9 76.7 0.1 999.4 392.9 3.4 4852.1
EXPORTS
This Week 382.9 49.5 48.6 58.6 0.5 105.0 186.4 0.0 883.7
Week Ago 348.9 82.1 30.3 6.6 0.7 169.0 185.6 0.0 830.5
To Date 2521.8 370.5 208.2 227.0 39.3 1194.2 453.0 10.1 5245.1
Year Ago 1820.4 611.2 150.4 60.4 6.8 899.7 311.5 12.5 4351.5
DOMESTIC DISAPPEARANCE
This Week 111.9 2.3 15.1 22.9 0.9 188.5 4.1 16.3 380.3
Week Ago 87.0 2.8 14.3 19.5 1.9 163.7 4.7 19.8 334.4
To Date 675.9 37.6 76.1 134.7 7.7 1189.5 19.4 119.2 2403.3
Year Ago 449.1 29.3 35.2 151.8 4.6 1198.4 22.5 120.6 2160.7
*Totals include data from other crops not shown including rye, soybeans,
canaryseed, mustard seed, beans, lentils and chickpeas.
Source: Commodity News Service Canada (Phil Franz-Warkentin,
news@marketsfarm.com, or 204-414-9084)

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

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
September +60 Dec +154 Dec +40 Sep +70 Nov +15 Dec N/A
October +60 Dec +65 Dec +69 Nov
November +64 Dec +65 Dec +76 Nov

DJ ICE Canada Cash Grain Close – Sep 18
WINNIPEG, Sept. 18 (MarketsFarm) – The following are the closing
cash canola prices from ICE Futures. Source: ICE Futures
Price Basis Contract Change
CANOLA
*Par Region 494.10 -36.10 Nov 2020 up 1.70
Basis: Thunder Bay 543.90 12.00 Nov 2020 dn 0.60
Basis: Vancouver 557.90 26.00 Nov 2020 dn 0.60
All prices in Canadian dollars per metric ton.

DJ Malaysian PM Cash Market Prices for Palm Oil – Sept 21
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
Oct 787.50 -07.50 Unquoted – –
Nov/Dec 767.50 -15.00 Unquoted – –
Jan/Feb/Mar 747.50 -15.00 Unquoted – –
Apr/May/Jun 722.50 -20.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Oct 790.00 -07.50 Unquoted – –
Nov/Dec 770.00 -15.00 Unquoted – –
Jan/Feb/Mar 750.00 -15.00 Unquoted – –
Apr/May/Jun 725.00 -20.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Oct 790.00 -05.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Oct 715.00 -05.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Oct 3,060.00 -50.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Oct 204.00 -02.00 Unquoted – –
($1=MYR4.120)

DJ China Dalian Grain Futures Closing Prices, Volume – Sep 21
Soybean No. 1
Turnover: 181,599 lots, or 8.35 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-20 4,571 4,599 4,548 4,562 4,583 4,564 -19 86 2,294
Jan-21 4,592 4,625 4,568 4,578 4,606 4,592 -14 168,130 150,837
Mar-21 4,610 4,639 4,583 4,599 4,615 4,610 -5 3,079 3,002
May-21 4,682 4,704 4,652 4,662 4,660 4,671 11 8,756 12,669
Jul-21 4,701 4,768 4,688 4,710 4,696 4,709 13 1,490 2,306
Sep-21 4,701 4,722 4,681 4,699 4,703 4,701 -2 58 143
Corn
Turnover: 1,295,100 lots, or 32.20 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-20 2,450 2,460 2,434 2,437 2,418 2,443 25 38,912 42,784
Jan-21 2,484 2,496 2,469 2,476 2,458 2,479 21 994,327 1,579,089
Mar-21 2,500 2,509 2,484 2,489 2,469 2,494 25 15,671 25,257
May-21 2,518 2,529 2,505 2,510 2,494 2,512 18 165,037 494,358
Jul-21 2,528 2,540 2,517 2,520 2,502 2,525 23 74,186 82,635
Sep-21 2,538 2,538 2,520 2,524 2,514 2,526 12 6,967 17,560
Soymeal
Turnover: 1,858,157 lots, or 57.46 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-20 3,105 3,144 3,105 3,115 3,110 3,122 12 51,134 60,081
Dec-20 3,131 3,153 3,115 3,125 3,120 3,132 12 443 1,210
Jan-21 3,151 3,163 3,122 3,137 3,133 3,141 8 1,301,928 1,538,042
Mar-21 3,028 3,031 2,994 3,011 3,003 3,013 10 21,634 20,455
May-21 2,962 2,981 2,938 2,955 2,954 2,960 6 415,485 933,687
Jul-21 2,951 2,974 2,934 2,940 2,948 2,952 4 34,736 22,034
Aug-21 2,989 3,002 2,963 2,973 2,986 2,983 -3 9,500 8,557
Sep-21 2,979 3,002 2,956 2,966 2,976 2,979 3 23,297 48,199
Palm Oil
Turnover: 1,592,367 lots, or 10.28 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Oct-20 6,636 6,772 6,572 6,742 6,560 6,686 126 383 848
Nov-20 6,588 6,718 6,548 6,664 6,526 6,630 104 25,904 3,421
Dec-20 6,434 6,576 6,392 6,550 6,332 6,502 170 121,966 1,070
Jan-21 6,398 6,518 6,354 6,480 6,338 6,456 118 1,163,359 512,594
Feb-21 6,342 6,518 6,342 6,478 6,306 6,456 150 221,742 16,741
Mar-21 6,308 6,454 6,290 6,434 6,252 6,402 150 21,902 3,352
Apr-21 6,328 6,328 6,328 6,328 6,144 6,336 192 85 153
May-21 6,196 6,304 6,174 6,270 6,158 6,248 90 36,764 78,884
Jun-21 6,196 6,296 6,196 6,280 6,056 6,274 218 18 13
Jul-21 6,260 6,260 6,246 6,246 6,012 6,252 240 2 5
Aug-21 6,096 6,096 6,096 6,096 6,122 6,096 -26 1 2
Sep-21 6,064 6,222 6,050 6,180 6,076 6,180 104 241 274
Soybean Oil
Turnover: 1,386,257 lots, or 10.17 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-20 7,340 7,502 7,326 7,500 7,324 7,426 102 5,762 5,110
Dec-20 7,300 7,496 7,300 7,496 7,270 7,408 138 68 196
Jan-21 7,324 7,472 7,282 7,446 7,286 7,400 114 1,067,025 709,665
Mar-21 7,314 7,426 7,276 7,412 7,282 7,368 86 7,165 6,695
May-21 7,136 7,250 7,100 7,234 7,110 7,200 90 105,842 226,365
Jul-21 7,074 7,186 7,042 7,172 7,014 7,102 88 109,014 6,513
Aug-21 7,040 7,132 7,010 7,132 6,970 7,060 90 90,910 109
Sep-21 7,042 7,124 6,988 7,096 6,980 7,070 90 471 790
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