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 Survey: Sep. 1 Quarterly Grain, Soybean Stockpiles Estimates
New York–The following are analysts’ estimates in millions of bushels for September 1 quarterly U.S. grain and soybean stockpiles, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated tables at noon ET on Wednesday.
U.S. Stockpiles on Sept. 1, 2020 (million bushels)
Average Range USDA June 2020 USDA Sept. 2019
Corn 2,243 2,120-2,355 5,224 2,221
Soybeans 575 559-608 1,386 909
Wheat 2,163 925-2,380 1,044 2,346
Corn Soybeans Wheat
Allendale 2,243 564 2,206
DC Analysis 2,256 578 2,221
Doane 2,344 585 2,215
EDFMan Capital 2,275 595 2,300
Futures Intl 2,275 571 2,234
Grain Cycles 2,180 565 2,195
Linn Group 2,120 585 2,150
Sid Love Consulting 2,143 608 2,246
Midland Research 2,205 570 2,226
Midwest Market Solutions 2,355 565 2,215
Northstar 2,180 560 2,380
RJ O’Brien 2,345 559 2,197
RMC 2,150 565 925
StoneX Group 2,143 580 2,272
US Commodities 2,278 575
Vantage RM 2,268 585 2,240
Western Milling 2,303 584 2,273
Zaner Ag Hedge 2,308 563 2,272

DJ September U.S. Wheat Production Estimates — Survey
New York–The following are analysts’ estimates for 2020 U.S. wheat production, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated production forecasts at noon on Wednesday.
2020 Wheat Production
USDA USDA
Average Range August 2019
All Wheat 1,835 1,817-1,850 1,838 1,962
Winter Wheat 1,195 1,185-1,204 1,198 1,304
Hard Red Winter 692 684-700 695 833
Soft Red Winter 276 272-280 277 239
White Winter 227 224-230 226 232
Other Spring 578 568-590 577 600
Durum 62 60-64 62 58
All Winter Other
Wheat Wheat Hard-Red Soft-Red White Spring Durum
Allendale 1,835 1,187 684 272 230 584 64
DC Analysis 1,834 1,198 695 277 226 572 63
Doane 1,838 1,198 695 277 226 577 62
EDFMan Capital 1,825 1,195 695 275 225 570 60
Futures Intl 1,844 1,200 690 280 230 580 64
Grain Cycles 1,825 1,196 695 275 226 568 61
Sid Love Consulting 1,848 1,204 700 277 227 582 62
Midland Research 1,842 1,194 693 277 224 583 64
Midwest Market Solutions 1,817 1,185 685 272 226 570 62
Northstar 1,848 1,196 695 275 226 590 62
RJ O’Brien 1,823 1,188 688 273 227 572 62
RMC 1,835 1,198 695 274 226 577 62
StoneX Group 1,830 1,195 688 279 228 574 61
Vantage RM 1,838 1,198 695 277 226 577 62
Western Milling 1,850 1,198 695 277 226 588 63
Zaner Ag Hedge 1,827 1,187 688 275 229 577 62

WHEAT
General Comments: Winter Wheat markets were lower on Friday and were lower for the week as the US Dollar turned higher and hurt demand hopes. World demand for US Wheat depends mostly on lower prices for US Wheat to compete with Russia, Europe, and other sellers, and the higher US Dollar against a basket of currencies makes this hard to happen. The overseas weather is mixed. Western Europe is likely to get some rains in the short term, but southern Russia could stay dry. Some showers are forecast for Ukraine this week. The country has also been 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. 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 good rains.
Overnight News: The southern Great Plains should get mostly dry conditions. Temperatures should be near to below normal. Northern areas should see isolated showers. 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 mixed to down with objectives of 530 and 504 December. Support is at 541, 537, and 516 December, with resistance at 554, 560, and 568 December. Trends in Kansas City are mixed to down with objectives of 439 and 430 December. Support is at 470, 467, and 463 December, with resistance at 484, 490, and 500 December. Trends in Minneapolis are mixed to down with objectives of 505 December. Support is at 529, 523, and 519 December, and resistance is at 536, 540, and 545 December.

COT — Supplemental Report – Option and Futures Combined Positions as of September 22, 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 493,573
: Positions :
: 71,880 85,314 157,578 50,838 157,942 184,078 47,202 464,375 448,036: 29,198 45,537
: Changes from: September 15, 2020 (Change in open interest: 30,754) :
: 1,047 996 21,799 4,961 5,196 1,245 3,773 29,051 31,763: 1,703 -1,010
: Percent of Open Interest Represented by Each Category of Trader :
: 14.6 17.3 31.9 10.3 32.0 37.3 9.6 94.1 90.8: 5.9 9.2
: Total Traders: 388 Number of Traders in Each Category :
: 98 107 116 72 116 49 26 295 297:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of September 22, 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 249,295
: Positions :
: 51,401 45,447 55,453 48,983 115,576 73,612 12,813 229,450 229,290: 19,845 20,004
: Changes from: September 15, 2020 (Change in open interest: 3,223) :
: 2,905 -2,657 3,102 -2,351 3,647 -763 -2,255 2,892 1,836: 331 1,387
: Percent of Open Interest Represented by Each Category of Trader :
: 20.6 18.2 22.2 19.6 46.4 29.5 5.1 92.0 92.0: 8.0 8.0
: Total Traders: 251 Number of Traders in Each Category :
: 54 55 58 68 84 35 12 192 180:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 22, 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 61,138 :
: Positions :
: 28,007 29,282 2,508 195 290 10,474 12,772 1,973 4,535 3,041 2,335 :
: Changes from: September 15, 2020 :
: 715 2,110 148 -6 121 451 -259 833 620 181 -1 :
: Percent of Open Interest Represented by Each Category of Trader :
: 45.8 47.9 4.1 0.3 0.5 17.1 20.9 3.2 7.4 5.0 3.8 :
: Number of Traders in Each Category Total Traders: 95 :
: 35 38 . . . 9 13 5 8 6 6 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 22, 2020
: Reportable Positions :
:————————————————————————————————————- :
: Producer/Merchant : : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables :
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading :
—————————————————————————————————————-
BLACK SEA WHEAT FINANCIAL – CHICAGO BOARD OF TRADE 50 Metric Tons :
CFTC Code #00160F Open Interest is 25,295 :
: Positions :
: 8,438 22,755 0 553 57 15,456 0 95 179 212 710 :
: Changes from: September 15, 2020 :
: -1,004 -1,077 0 -122 0 -122 0 -5 -33 12 -18 :
: Percent of Open Interest Represented by Each Category of Trader :
: 33.4 90.0 0.0 2.2 0.2 61.1 0.0 0.4 0.7 0.8 2.8 :
: Number of Traders in Each Category Total Traders: 33 :
: 9 22 0 . . 6 0 . . . . :
—————————————————————————————————————-

RICE
General Comments Rice was slightly lower last week as the harvest pressure went against improved demand ideas. There was talk in the market that Iraq had tendered, but there was no result announced. The weekly export sales report was positive for the second week in a row. Export sales were down but still well above the four week average. Brazil was a buyer of 7,000 tons of Rough Rice and much of Central America was noted buying as well. Total Brazil purchases are now 37,000 tons. The rebound in demand supported futures and pushed the market to test recent highs for the move. 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 mixed. Support is at 1232, 1222, and 1210 November, with resistance at 1260, 1267, and 1290 November.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 22, 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 10,437 :
: Positions :
: 4,702 8,890 102 0 0 2,451 467 0 1,179 141 324 :
: Changes from: September 15, 2020 :
: -140 77 0 0 0 -34 0 0 284 -58 -7 :
: Percent of Open Interest Represented by Each Category of Trader :
: 45.1 85.2 1.0 0.0 0.0 23.5 4.5 0.0 11.3 1.4 3.1 :
: Number of Traders in Each Category Total Traders: 47 :
: 13 17 . 0 0 11 . 0 9 . . :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn and Oats were both a little lower last week. Demand is holding strong for exports, but it is harvest time and initial yield reports have been mixed but generally strong. The demand has come primarily from China as the state companies bought for the reserve, but that buying appears to be completed now. 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 and has expanded into the Midwest with very good harvest conditions. The yield reports have been mixed but appear to be good overall. The harvest will produce a good crop, but maybe not a great crop.
Overnight News: Japan bought 110,000 tons of US Corn and unknown destinations bought 207,140 tons of US Corn.
Chart Analysis: Trends in Corn are mixed to down with objectives of 357 and 346 December. Support is at 362, 361, and 354 December, and resistance is at 368, 373, and 376 December. Trends in Oats are mixed. Support is at 279, 275, and 273 December, and resistance is at 289, 290, and 292 December.

COT — Supplemental Report – Option and Futures Combined Positions as of September 22, 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 1,912,306
: Positions :
: 233,092 157,482 484,311 562,691 904,933 456,557 111,737 1,736,650 1,658,462: 175,656 253,844
: Changes from: September 15, 2020 (Change in open interest: 74,660) :
: 22,737 -22,943 32,722 15,414 51,632 3,589 -2,051 74,462 59,360: 198 15,300
: Percent of Open Interest Represented by Each Category of Trader :
: 12.2 8.2 25.3 29.4 47.3 23.9 5.8 90.8 86.7: 9.2 13.3
: Total Traders: 812 Number of Traders in Each Category :
: 173 140 172 331 374 49 27 647 627:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 22, 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 5,753 :
: Positions :
: 1,291 4,793 126 0 0 1,163 0 0 661 18 310 :
: Changes from: September 15, 2020 :
: -176 197 0 0 0 372 0 0 -29 15 -1 :
: Percent of Open Interest Represented by Each Category of Trader :
: 22.4 83.3 2.2 0.0 0.0 20.2 0.0 0.0 11.5 0.3 5.4 :
: Number of Traders in Each Category Total Traders: 31 :
: 9 13 . 0 0 9 0 0 4 . . :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans and the products closed a little lower for the week as the harvest started to expand and as reports indicated that the Chinese buying for the reserve was finished. Funds and other speculators were the best sellers on the week in futures. Soybeans were the leader to the upside due to the strong Chinese demand until this week. The trade generally expects China to shift its buying back to Brazil in the near future, but Brazil has been dry as has Argentina and some of the early planting has been delayed. That might keep the Chinese buying in the US for a little longer, but only for the crushers and not for the reserve. Buying volumes should be less from China and the weekly export sales report should start to reflect less demand this week;
Overnight News: Unknown destinations bought 110,800 tons of US Corn.
Chart Analysis: Trends in Soybeans are mixed to down with objectives of 977 and 943 November. Support is at 985, 982, and 967 November, and resistance is at 1027, 1037, and 1048 November. Trends in Soybean Meal are mixed. Support is at 330.00, 327.00, and 319.00 October, and resistance is at 340.00, 348.00, and 351.00 October. Trends in Soybean Oil are down with no objectives. Support is at 3200, 3180, and 3160 October, with resistance at 3360, 3370, and 3400 October.

COT — Supplemental Report – Option and Futures Combined Positions as of September 22, 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 1,218,442
: Positions :
: 213,252 45,685 329,257 334,588 679,249 266,055 67,481 1,143,151 1,121,672: 75,290 96,770
: Changes from: September 15, 2020 (Change in open interest: 70,816) :
: 12,926 -1,414 42,833 4,592 20,195 10,361 4,783 70,712 66,397: 105 4,420
: Percent of Open Interest Represented by Each Category of Trader :
: 17.5 3.7 27.0 27.5 55.7 21.8 5.5 93.8 92.1: 6.2 7.9
: Total Traders: 717 Number of Traders in Each Category :
: 204 136 197 202 278 55 21 557 554:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of September 22, 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 528,194
: Positions :
: 103,010 18,987 100,053 136,375 355,432 141,492 26,007 480,930 500,480: 47,263 27,714
: Changes from: September 15, 2020 (Change in open interest: 4,795) :
: 9,484 1,500 1,684 -9,581 532 3,040 1,933 4,628 5,649: 168 -854
: Percent of Open Interest Represented by Each Category of Trader :
: 19.5 3.6 18.9 25.8 67.3 26.8 4.9 91.1 94.8: 8.9 5.2
: Total Traders: 313 Number of Traders in Each Category :
: 105 34 85 82 88 42 21 265 207:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of September 22, 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 539,843
: Positions :
: 76,619 19,211 125,518 169,688 340,332 117,912 28,004 489,736 513,065: 50,108 26,778
: Changes from: September 15, 2020 (Change in open interest: 29,810) :
: 17,660 -4,876 8,979 -2,320 23,206 7,347 2,392 31,667 29,700: -1,856 110
: Percent of Open Interest Represented by Each Category of Trader :
: 14.2 3.6 23.3 31.4 63.0 21.8 5.2 90.7 95.0: 9.3 5.0
: Total Traders: 298 Number of Traders in Each Category :
: 89 45 88 89 91 37 18 256 214:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Palm Oil closed lower last week on ideas of increasing production. It was unchanged to firm today. It is seasonally a time for trees to produce more due to more regular rains. Getting workers to do the harvest has been hard, though, and the lack of labor has been a big problem. At least some of the plantation owners have asked for more migrant workers to cover the lack of workers that can be sourced locally. Demand reports from the private surveyors are stronger this month. China has been a major buyer as vegetable oils prices inside the country have been very strong. Most importers seem to have enough stocks on hand due to the Coronavirus pandemic. Soybean Oil was lower and Canola was lower. Canola farmers have withdrawn from the market and speculators are selling due to harvest pressure. The Canadian Dollar has weakened and this has helped support Canola.
Overnight News:
Chart Analysis: Trends in Canola are mixed to down with objectives of 514.00 and 476.00 November. Support is at 515.00, 510.00, and 505.00 November, with resistance at 524.00, 528.00, and 534.00 November. Trends in Palm Oil are down with no objectives. Support is at 2850, 2790, and 2760 December, with resistance at 2930, 3000, and 3050 December.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 22, 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 253,228 :
: Positions :
: 159,782 207,360 102 4,918 140 57,903 1,333 7,220 8,585 11,278 18,234 :
: Changes from: September 15, 2020 :
: 7,390 7,814 21 1,907 -29 2,456 450 -1,148 -741 -919 -709 :
: Percent of Open Interest Represented by Each Category of Trader :
: 63.1 81.9 0.0 1.9 0.1 22.9 0.5 2.9 3.4 4.5 7.2 :
: Number of Traders in Each Category Total Traders: 320 :
: 39 81 . 7 . 53 10 13 42 107 29 :
—————————————————————————————————————-

DJ Canadian Grain Handling Summary – Sep 25
WINNIPEG–The following are Canadian grain handling summary
statistics for the week ended Sept. 20, 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 2688.0 817.4 387.2 472.7 27.8 1433.5 532.6 39.2 7136.9
Week Ago 2484.3 783.1 353.4 468.1 22.4 1150.9 644.1 46.6 6690.2
Year Ago 1769.2 558.1 182.4 352.0 16.1 799.6 484.8 52.2 4671.7
PRODUCER DELIVERIES
This Week 508.8 133.4 83.7 113.9 8.4 734.1 104.4 6.3 1818.6
Week Ago 447.0 115.8 96.8 114.4 4.0 595.7 161.0 7.2 1644.0
To Date 2836.6 655.7 515.6 674.6 27.6 2879.0 1275.6 55.1 9693.7
Year Ago 2208.3 515.7 383.4 450.5 11.7 2051.8 977.9 63.0 7073.2
TERMINAL RECEIPTS
This Week 474.2 88.5 27.4 75.3 0.2 269.5 148.5 2.1 1159.6
Week Ago 400.4 72.1 4.7 56.5 0.2 174.9 164.1 1.2 951.7
To Date 4052.4 634.8 82.5 349.9 17.0 1558.1 710.8 15.1 7841.1
Year Ago 2503.0 768.6 56.5 99.1 0.6 1134.7 536.0 5.3 5622.7
EXPORTS
This Week 314.5 6.6 54.0 83.9 0.8 165.4 203.5 0.0 886.3
Week Ago 382.9 49.5 48.6 58.6 0.5 105.0 186.4 0.0 883.7
To Date 2836.2 354.0 262.3 310.9 40.1 1361.0 656.5 10.1 6109.7
Year Ago 2176.7 648.9 189.3 102.0 7.0 1037.3 414.8 12.5 5115.9
DOMESTIC DISAPPEARANCE
This Week 111.4 24.5 13.6 22.4 0.9 166.1 4.3 16.7 374.6
Week Ago 111.9 2.3 15.1 22.9 0.9 188.5 4.1 16.3 380.3
To Date 787.3 62.2 89.5 157.2 8.6 1355.7 23.8 135.9 2777.9
Year Ago 569.2 32.3 40.7 177.9 5.4 1384.6 26.0 132.8 2537.9
*Totals include data from other crops not shown including rye, soybeans,
canaryseed, mustard seed, beans, lentils and chickpeas.
Source: Commodity News Service Canada (news@marketsfarm.com, or 204-414-
9084)

Midwest Weather Forecast: Occasional scattered showers. Temperatures should average near to below normal

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
September +66 Dec +155 Dec +40 Sep +74 Nov +15 Dec N/A
October +63 Dec +60 Dec +70 Nov
November +66 Dec +65 Dec +76 Nov

DJ ICE Canada Cash Grain Close – Sep 25
WINNIPEG — The following are the closing cash
canola prices from ICE Futures.
Source: ICE Futures
Price Basis Contract Change
CANOLA
*Par Region 474.90 -36.10 Nov 2020 dn 8.60
Basis: Thunder Bay 533.30 15.00 Nov 2020 up 17.30
Basis: Vancouver 544.30 26.00 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 – Sept 28
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 742.50 +05.00 Unquoted – –
Nov/Dec 715.00 -02.50 Unquoted – –
Jan/Feb/Mar 692.50 00.00 Unquoted – –
Apr/May/Jun 675.00 00.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Oct 745.00 +05.00 Unquoted – –
Nov/Dec 717.50 -02.50 Unquoted – –
Jan/Feb/Mar 695.00 00.00 Unquoted – –
Apr/May/Jun 677.50 00.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Oct 745.00 +05.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Oct 690.00 +05.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Oct 2,950.00 +10.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Oct 192.00 +01.00 Unquoted – –
($1=MYR4.1735)

DJ China Dalian Grain Futures Closing Prices, Volume – Sep 28
Soybean No. 1
Turnover: 170,266 lots, or 7.67 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-20 4,490 4,492 4,448 4,478 4,482 4,476 -6 79 2,251
Jan-21 4,513 4,528 4,472 4,506 4,509 4,502 -7 164,986 118,448
Mar-21 4,531 4,550 4,506 4,535 4,536 4,530 -6 683 2,931
May-21 4,588 4,615 4,573 4,594 4,600 4,594 -6 4,207 13,148
Jul-21 4,636 4,651 4,613 4,630 4,638 4,637 -1 285 2,504
Sep-21 4,613 4,620 4,601 4,620 4,623 4,611 -12 26 220
Corn
Turnover: 1,226,741 lots, or 30.29 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-20 2,390 2,443 2,386 2,428 2,390 2,425 35 25,733 41,530
Jan-21 2,424 2,479 2,420 2,464 2,426 2,456 30 858,194 1,369,132
Mar-21 2,440 2,498 2,440 2,482 2,449 2,479 30 17,965 24,626
May-21 2,468 2,519 2,464 2,506 2,467 2,500 33 215,011 499,919
Jul-21 2,478 2,542 2,476 2,522 2,478 2,516 38 96,888 87,891
Sep-21 2,487 2,542 2,484 2,526 2,486 2,522 36 12,950 35,299
Soymeal
Turnover: 1,600,514 lots, or 4.86 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-20 3,055 3,089 3,044 3,072 3,062 3,069 7 39,923 47,541
Dec-20 3,063 3,106 3,058 3,089 3,072 3,091 19 340 1,023
Jan-21 3,081 3,111 3,066 3,094 3,081 3,091 10 1,140,897 1,368,436
Mar-21 2,942 2,975 2,929 2,956 2,944 2,955 11 38,671 25,422
May-21 2,877 2,909 2,863 2,894 2,871 2,887 16 304,731 888,015
Jul-21 2,856 2,896 2,847 2,878 2,850 2,876 26 32,306 21,119
Aug-21 2,890 2,935 2,885 2,919 2,882 2,912 30 6,615 9,049
Sep-21 2,892 2,936 2,886 2,924 2,883 2,912 29 37,031 70,805
Palm Oil
Turnover: 1,596,148 lots, or 9.41 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Oct-20 6,332 6,538 6,332 6,362 6,332 6,362 30 518 153
Nov-20 6,166 6,322 6,114 6,130 6,114 6,222 108 22,134 1,550
Dec-20 6,092 6,228 6,036 6,052 6,020 6,116 96 1,890 1,620
Jan-21 5,910 6,016 5,852 5,888 5,862 5,934 72 1,012,155 397,278
Feb-21 5,808 5,944 5,768 5,834 5,810 5,836 26 319,210 10,380
Mar-21 5,780 5,902 5,738 5,782 5,752 5,818 66 30,021 3,644
Apr-21 5,762 5,860 5,750 5,750 5,738 5,786 48 173,896 172
May-21 5,746 5,840 5,694 5,728 5,688 5,768 80 35,414 77,139
Jun-21 – – – 5,702 5,702 5,702 0 0 10
Jul-21 5,744 5,758 5,696 5,696 5,664 5,724 60 455 7
Aug-21 – – – 5,698 5,732 5,698 -34 0 1
Sep-21 5,692 5,766 5,640 5,700 5,642 5,702 60 455 1,105
Soybean Oil
Turnover: 1,219,845 lots, or 83.88 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-20 7,032 7,098 6,942 6,968 6,966 7,026 60 5,565 3,074
Dec-20 7,026 7,034 6,950 6,950 6,948 6,994 46 66 170
Jan-21 6,946 7,018 6,882 6,924 6,874 6,944 70 836,337 554,398
Mar-21 6,898 6,990 6,858 6,884 6,850 6,928 78 9,322 6,153
May-21 6,752 6,846 6,706 6,756 6,694 6,772 78 63,453 225,776
Jul-21 6,684 6,778 6,640 6,684 6,622 6,714 92 181,963 6,204
Aug-21 6,654 6,738 6,612 6,662 6,594 6,686 92 122,643 263
Sep-21 6,634 6,704 6,596 6,640 6,582 6,654 72 496 2,525
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