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 USDA Grain Inspections for Export in Metric Tons – Nov 16
COUNTRY OF DESTINATION IS REPORTED AS KNOWN AT THE TIME OF EXPORTATION.
INFORMATION CONTAINED IN THIS REPORT REFLECTS EXPORTED GRAIN INSPECTED AND WEIGHED
THROUGH THE AUTHORITY UNDER THE U.S. GRAIN STANDARDS ACT. NO ADDITIONAL ANALYSIS,
COMPILATIONS OR DATA IS AVAILABLE. SOURCE: USDA, FGIS;
GRAINS INSPECTED AND/OR WEIGHED FOR EXPORT
REPORTED IN WEEK ENDING NOV 12, 2020
— METRIC TONS —
————————————————————————-
CURRENT PREVIOUS
———– WEEK ENDING ———- MARKET YEAR MARKET YEAR
GRAIN 11/12/2020 11/05/2020 11/14/2019 TO DATE TO DATE
BARLEY 2,096 2,295 0 14,258 15,401
CORN 817,476 690,569 651,147 8,394,860 4,995,494
FLAXSEED 0 24 0 413 172
MIXED 0 0 0 0 0
OATS 0 100 0 1,096 1,297
RYE 0 0 0 0 0
SORGHUM 117,023 141,650 45,270 904,638 446,286
SOYBEANS 2,239,956 2,851,514 1,538,623 22,181,351 12,442,844
SUNFLOWER 0 0 0 0 0
WHEAT 325,948 304,239 463,049 12,029,131 11,919,154
Total 3,502,499 3,990,391 2,698,089 43,525,747 29,820,648
————————————————————————-
CROP MARKETING YEARS BEGIN JUNE 1 FOR WHEAT, RYE, OATS, BARLEY AND
FLAXSEED; SEPTEMBER 1 FOR CORN, SORGHUM, SOYBEANS AND SUNFLOWER SEEDS.
INCLUDES WATERWAY SHIPMENTS TO CANADA.

WHEAT
General Comments: Winter Wheat markets were higher after starting the day lower as the world heard that even more vaccines have been discovered to combat the Coronavirus. Russia has declined to put quotas on its export program until the middle of February. The charts show that more moves higher are likely over time. US weather is mixed with good conditions in the majority of the country but still dry conditions in the western Great Plains. Southwest Kansas and southeast Colorado remain the most dry. It was cool last week. Parts of eastern Ukraine and southern Russia are getting some showers too. These have been light and the condition of the crop has not improved that much. Western Australia conditions are improving after some recent rains. The demand has held well and world prices remain high. The market in Russia has remained high on limited supply as farmer hold the Wheat back due to the drought.
Overnight News: The southern Great Plains should get dry weather. Temperatures should be above normal. Northern areas should see mostly dry conditions. Temperatures will be near to above normal. The Canadian Prairies should see scattered snow showers. Temperatures should average near to below normal.
Chart Analysis: Trends in Chicago are mixed to down with objectives of 560, 538, and 530 December. Support is at 586, 580, and 576 December, with resistance at 613, 616, and 626 December. Trends in Kansas City are mixed to down with objectives of 531, 512, and 511 December. Support is at 539, 536, and 534 December, with resistance at 560, 569, and 581 December. Trends in Minneapolis are mixed to down with objectives of 539, 524, and 523 December. Support is at 544, 540, and 535 December, and resistance is at 557, 561, and 566 December.

COT — Supplemental Report – Option and Futures Combined Positions as of November 10, 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 577,112
: Positions :
: 90,208 85,382 180,575 79,544 206,196 189,141 52,070 539,468 524,222: 37,644 52,890
: Changes from: November 3, 2020 (Change in open interest: -16,110) :
: -8,321 6,379 -1,991 -308 -14,666 -6,189 -4,039 -16,809 -14,317: 699 -1,793
: Percent of Open Interest Represented by Each Category of Trader :
: 15.6 14.8 31.3 13.8 35.7 32.8 9.0 93.5 90.8: 6.5 9.2
: Total Traders: 410 Number of Traders in Each Category :
: 107 104 121 90 129 48 23 320 313:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of November 10, 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 266,829
: Positions :
: 54,289 31,245 59,632 51,059 142,068 79,725 12,607 244,705 245,553: 22,124 21,276
: Changes from: November 3, 2020 (Change in open interest: -10,682) :
: -1,972 -1,874 -7,412 -425 1,403 -1,809 -1,908 -11,618 -9,792: 936 -891
: Percent of Open Interest Represented by Each Category of Trader :
: 20.3 11.7 22.3 19.1 53.2 29.9 4.7 91.7 92.0: 8.3 8.0
: Total Traders: 265 Number of Traders in Each Category :
: 61 49 64 69 97 33 15 202 196:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 10, 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 74,317 :
: Positions :
: 31,047 45,911 3,103 159 319 15,154 8,346 1,240 5,881 3,791 3,590 :
: Changes from: November 3, 2020 :
: -1,972 -2,017 150 -145 -127 -438 -78 -94 -118 110 744 :
: Percent of Open Interest Represented by Each Category of Trader :
: 41.8 61.8 4.2 0.2 0.4 20.4 11.2 1.7 7.9 5.1 4.8 :
: Number of Traders in Each Category Total Traders: 105 :
: 49 44 4 . . 13 7 4 12 5 9 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 10, 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 22,946 :
: Positions :
: 8,884 19,391 0 2,024 31 12,983 420 0 35 0 458 :
: Changes from: November 3, 2020 :
: 488 -119 0 -64 -14 -1,080 0 -195 -12 -390 -399 :
: Percent of Open Interest Represented by Each Category of Trader :
: 38.7 84.5 0.0 8.8 0.1 56.6 1.8 0.0 0.2 0.0 2.0 :
: Number of Traders in Each Category Total Traders: 31 :
: 9 19 0 . . 5 . 0 . 0 . :
—————————————————————————————————————-

RICE
General Comments: Rice was lower in response to the weak tone in the domestic cash market. Export demand was weaker again last week. Reports indicate that domestic demand has been poor to average with better consumer demand more than offset by much less demand from schools and other institutions. The harvest is mostly over in northern states with good field yields reported. Southern Louisiana and Texas are harvesting the second crop and yield reports have been good. Producers had to endure Hurricane Delta and then Zeta in Louisiana, and some of the second crop Rice got hurt. Quality is said to be very good everywhere. The USDA reports showed a little less yield and production and less export demand for long grain. Ending stocks were increased and are high.
Overnight News: The Delta should get mostly dry conditions. Temperatures should be near to above normal.
Chart Analysis: Trends are mixed. Support is at 1223, 1220, and 1214 January, with resistance at 1244, 1250, and 1257 January.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 10, 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 9,191 :
: Positions :
: 4,308 7,627 107 0 0 2,359 537 0 892 216 183 :
: Changes from: November 3, 2020 :
: -132 -164 1 0 0 -43 0 0 72 -49 -90 :
: Percent of Open Interest Represented by Each Category of Trader :
: 46.9 83.0 1.2 0.0 0.0 25.7 5.8 0.0 9.7 2.4 2.0 :
: Number of Traders in Each Category Total Traders: 42 :
: 9 15 . 0 0 9 . 0 7 . . :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn was higher in response to news that more vaccines had been discovered to combat the Coronavirus. The WASDE reports showed less US production and bigger export demand than expected. Futures moved to new highs for the move on the weekly charts, then gave back much of the rally to close with only moderate gains. US weather was great for harvesting last week with warn and dry conditions for much of the Midwest. The weather has turned cooler and a little wetter in the last week and this trend should continue for this week. Yield reports have generally been good except for the drought and derecho areas of Iowa. Ukraine has been in drought and southern Brazil, Uruguay, Paraguay, and into northern Argentina have also experienced drought.
Overnight News: Mexico bought 195,000 tons of US Corn.
Chart Analysis: Trends in Corn are mixed to up with objectives of 435 December. Support is at 402, 398, and 393 December, and resistance is at 417, 422, and 428 December. Trends in Oats are mixed to down with objectives of 279 and 260 December. Support is at 291, 290, and 286 December, and resistance is at 300, 305, and 310 December.

COT — Supplemental Report – Option and Futures Combined Positions as of November 10, 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 2,325,019
: Positions :
: 387,457 88,075 524,146 692,469 1,319,107 514,806 149,102 2,118,878 2,080,430: 206,142 244,589
: Changes from: November 3, 2020 (Change in open interest: 136,078) :
: 7,251 11,509 22,671 57,852 87,455 29,375 13,546 117,149 135,180: 18,929 898
: Percent of Open Interest Represented by Each Category of Trader :
: 16.7 3.8 22.5 29.8 56.7 22.1 6.4 91.1 89.5: 8.9 10.5
: Total Traders: 913 Number of Traders in Each Category :
: 202 139 191 377 444 53 25 733 715:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 10, 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 6,282 :
: Positions :
: 1,797 5,105 120 0 0 1,580 0 0 611 39 288 :
: Changes from: November 3, 2020 :
: 174 230 0 0 0 10 0 0 0 -4 71 :
: Percent of Open Interest Represented by Each Category of Trader :
: 28.6 81.3 1.9 0.0 0.0 25.2 0.0 0.0 9.7 0.6 4.6 :
: Number of Traders in Each Category Total Traders: 27 :
: 10 11 . 0 0 9 0 0 . . . :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans closed higher and Soybean Meal closed a little higher in response to news that more vac ines had been discovered to combat the Coronavirus and on dry weather in South America. WASDE showed less production and bigger demand than expected and lower than expected ending stocks at 190 million bushels. The stocks to use ration for Soybeans is now very small and the situation is the tightest projected in years. Higher Soybeans prices are likely. China has not appeared in the daily sales announcements from USDA in over three weeks except for one time, but the country was a significant buyer in the weekly export sales report. China still needs to buy for crushers, but appears to have bought what was necessary for the reserve. The weather in the US is good for any remaining harvest as it was drier and cooler last week. The weather in South America is mixed. Showers and rains have fallen in northern Brazil. Southern Brazil, northern Argentina, Uruguay, and Paraguay have missed out on good rains but have seen a shower or two. Soybeans are actively being planted in central and northern Brazil.
Overnight News:
Chart Analysis: Trends in Soybeans are up with no objectives. Support is at 1130, 1108, and 1104 January, and resistance is at 1162, 1172, and 1184 January. Trends in Soybean Meal are mixed. Support is at 384.00, 380.00, and 375.00 December, and resistance is at 393.00, 401.00, and 404.00 December. Trends in Soybean Oil are up with objectives of 3770 and 3810 December. Support is at 3660, 3610, and 3570 December, with resistance at 3770, 3800, and 3830 December.

• 16-Nov-2020 11:00:04 AM – U.S. OCTOBER SOYBEAN CRUSH HITS RECORD-HIGH 185.245 MILLION BUSHELS – NOPA
• 16-Nov-2020 11:00:04 AM – U.S. OCTOBER SOYOIL STOCKS 1.487 BILLION LBS – NOPA
• 16-Nov-2020 11:00:04 AM – U.S. OCTOBER SOYMEAL EXPORTS 945,835 TONS – NOPA

COT — Supplemental Report – Option and Futures Combined Positions as of November 10, 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 1,212,671
: Positions :
: 225,072 37,127 305,409 328,753 720,598 273,756 70,495 1,132,990 1,133,629: 79,681 79,041
: Changes from: November 3, 2020 (Change in open interest: 86,138) :
: 12,488 -1,216 53,318 3,055 20,633 6,486 9,881 75,348 82,616: 10,790 3,522
: Percent of Open Interest Represented by Each Category of Trader :
: 18.6 3.1 25.2 27.1 59.4 22.6 5.8 93.4 93.5: 6.6 6.5
: Total Traders: 742 Number of Traders in Each Category :
: 202 134 198 228 306 56 25 566 596:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of November 10, 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 553,732
: Positions :
: 88,734 18,836 121,885 140,561 357,691 156,028 28,607 507,208 527,018: 46,524 26,714
: Changes from: November 3, 2020 (Change in open interest: 18,570) :
: -388 2,004 10,234 812 4,790 5,475 1,894 16,134 18,922: 2,436 -353
: Percent of Open Interest Represented by Each Category of Trader :
: 16.0 3.4 22.0 25.4 64.6 28.2 5.2 91.6 95.2: 8.4 4.8
: Total Traders: 312 Number of Traders in Each Category :
: 107 42 84 90 83 42 19 275 202:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of November 10, 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 547,724
: Positions :
: 87,221 18,324 110,043 167,304 365,474 124,850 24,034 489,418 517,875: 58,306 29,849
: Changes from: November 3, 2020 (Change in open interest: 16,724) :
: -1,234 -778 8,662 8,094 7,251 -2,297 1,705 13,224 16,840: 3,500 -116
: Percent of Open Interest Represented by Each Category of Trader :
: 15.9 3.3 20.1 30.5 66.7 22.8 4.4 89.4 94.6: 10.6 5.4
: Total Traders: 299 Number of Traders in Each Category :
: 92 40 76 97 100 37 15 261 204:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Palm Oil closed lower on weak November export data from the private sources. Chart trends are up. It is seasonally a time for trees to produce more due to more regular rains. Getting workers to do the harvest remains hard and the lack of labor has been a big problem. Soybean Oil and Canola were higher on weaker US and world production estimates and strong demand ideas. Very strong Palm Oil prices have made buying Soybean and Canola oils the better option. Trends are up in Soybean Oil and in Canola. Demand for Soybean Oil has improved with India and South Korea buying significant amounts in the last week. Canola farmers have reduced selling by now so demand is chasing after fewer supplies. Harvest in the Prairies is done and yields are reported to be very strong.
Overnight News: AmSpec said that Malaysian Palm Oil exports are 673,991 tons so far this month, from 763,772 tons last month.
Chart Analysis: Trends in Canola are up with objectives of 582.00 January.. Support is at 556.00, 552.00, and 546.00 January, with resistance at 565.00, 568.00, and 572.00 January. Trends in Palm Oil are mixed to up with no objectives. Support is at 3260, 3200, and 3170 February, with resistance at 3330, 3360, and 3390 February.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 10, 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 228,680 :
: Positions :
: 137,806 191,770 9,164 3,347 974 55,148 2,306 7,683 7,549 11,739 8,657 :
: Changes from: November 3, 2020 :
: 14,962 15,852 1,705 75 -64 -2,666 -352 113 355 -526 1,431 :
: Percent of Open Interest Represented by Each Category of Trader :
: 60.3 83.9 4.0 1.5 0.4 24.1 1.0 3.4 3.3 5.1 3.8 :
: Number of Traders in Each Category Total Traders: 262 :
: 41 66 4 4 4 50 7 8 47 62 32 :
—————————————————————————————————————-

Midwest Weather Forecast: Mostly dry this week and rain this weekend. Temperatures should average near to below normal

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
November +70 Dec +152 Dec +77 Dec +50 Jan +15 Dec N/A
December +70 Dec +82 Dec +70 Jan
January +72 Mar +82 Mar +70 Jan

DJ ICE Canada Cash Grain Close – Nov 16
WINNIPEG, Nov. 16 (MarketsFarm) – The following are the closing cash canola
prices from ICE Futures.
Source: ICE Futures
Price Basis Contract Change
CANOLA
*Par Region 528.10 -32.40 Jan 2021 up 0.60
Basis: Thunder Bay 584.30 25.00 Jan 2021 dn 1.20
Basis: Vancouver 594.30 35.00 Jan 2021 dn 1.20
All prices in Canadian dollars per metric ton.

DJ Malaysian PM Cash Market Prices for Palm Oil – Nov 17
The following are prices for Malaysian palm oil in the cash market at 1000 GMT, Tuesday supplied by commodity broker Matthes & Porton Bhd.
Prices are quoted in U.S. dollars a metric ton, except for crude palm oil and palm kernel oil, which are in ringgit a ton. Palm kernel oil prices are in ringgit a pikul, a Malaysian measurement equivalent to 60 kilograms.
Refined, bleached and deodorized palm oil, FOB, Malaysian ports
Offer Change Bid Change Traded
Dec 880.00 +02.50 Unquoted – –
Jan/Feb/Mar 847.50 +07.50 Unquoted – –
Apr/May/Jun 780.00 +10.00 Unquoted – –
Jul/Aug/Sep 727.50 — Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Dec 882.50 +02.50 Unquoted – –
Jan/Feb/Mar 850.00 +07.50 Unquoted – –
Apr/May/Jun 782.50 +10.00 Unquoted – –
Jul/Aug/Sep 730.00 — Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Dec 890.00 +05.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Dec 760.00 +05.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Dec 3,500.00 -20.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Dec 287.00 -01.00 Unquoted – –
($1=MYR4.102)

DJ China Dalian Grain Futures Closing Prices, Volume – Nov 17
Soybean No. 1
Turnover: 222,154 lots, or 11.90 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-21 5,325 5,399 5,320 5,385 5,343 5,358 15 199,561 133,958
Mar-21 5,311 5,371 5,293 5,357 5,308 5,332 24 2,308 3,209
May-21 5,335 5,394 5,328 5,384 5,323 5,358 35 18,680 24,923
Jul-21 5,347 5,400 5,337 5,387 5,323 5,367 44 1,376 3,699
Sep-21 5,236 5,287 5,233 5,275 5,231 5,253 22 219 1,139
Nov-21 5,181 5,181 5,177 5,181 5,184 5,178 -6 10 12
Corn
Turnover: 856,813 lots, or 22.34 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-21 2,593 2,601 2,580 2,597 2,589 2,591 2 469,211 869,407
Mar-21 2,604 2,614 2,593 2,611 2,599 2,605 6 41,229 32,619
May-21 2,625 2,639 2,614 2,637 2,621 2,628 7 228,432 713,355
Jul-21 2,622 2,646 2,620 2,645 2,622 2,632 10 86,266 107,455
Sep-21 2,604 2,626 2,601 2,621 2,602 2,613 11 21,488 147,399
Nov-21 2,579 2,597 2,572 2,591 2,559 2,582 23 10,187 2,250
Soymeal
Turnover: 1,672,712 lots, or 52.61 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Dec-20 3,115 3,122 3,081 3,116 3,137 3,107 -30 626 5,149
Jan-21 3,125 3,135 3,100 3,128 3,144 3,122 -22 443,100 767,983
Mar-21 3,148 3,156 3,117 3,150 3,165 3,142 -23 24,646 32,775
May-21 3,148 3,172 3,128 3,167 3,161 3,152 -9 976,940 1,564,929
Jul-21 3,124 3,139 3,104 3,133 3,133 3,127 -6 106,718 49,799
Aug-21 3,166 3,186 3,153 3,178 3,178 3,172 -6 18,874 12,756
Sep-21 3,178 3,196 3,160 3,189 3,189 3,181 -8 101,625 287,483
Nov-21 3,142 3,154 3,134 3,145 3,172 3,144 -28 183 167
Palm Oil
Turnover: 1,396,957 lots, or 94.06 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Dec-20 6,622 6,864 6,622 6,860 6,656 6,754 98 176 1,938
Jan-21 6,732 6,880 6,712 6,866 6,710 6,788 78 1,044,656 413,711
Feb-21 6,654 6,786 6,630 6,780 6,652 6,698 46 167,803 33,720
Mar-21 6,580 6,728 6,574 6,718 6,598 6,630 32 19,043 5,715
Apr-21 6,478 6,610 6,454 6,590 6,484 6,546 62 44,608 2,344
May-21 6,320 6,484 6,318 6,482 6,342 6,394 52 116,437 183,206
Jun-21 – – – 6,344 6,260 6,344 84 0 12
Jul-21 6,204 6,288 6,188 6,288 6,218 6,226 8 15 16
Aug-21 – – – 6,092 6,032 6,092 60 0 10
Sep-21 6,030 6,182 6,028 6,170 6,056 6,112 56 4,217 9,641
Oct-21 6,008 6,130 6,008 6,130 6,024 6,068 44 2 20
Nov-21 – – – 6,044 6,024 6,044 20 0 0
Soybean Oil
Turnover: 1,079,857 lots, or 82.64 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Dec-20 7,784 7,834 7,706 7,784 7,750 7,794 44 26 541
Jan-21 7,766 7,870 7,700 7,856 7,716 7,774 58 769,716 557,475
Mar-21 7,600 7,752 7,600 7,736 7,600 7,654 54 13,087 7,649
May-21 7,342 7,472 7,324 7,464 7,314 7,384 70 237,408 398,228
Jul-21 7,152 7,294 7,152 7,294 7,152 7,206 54 35,114 13,651
Aug-21 7,084 7,200 7,064 7,198 7,070 7,110 40 6,156 1,063
Sep-21 7,042 7,140 7,006 7,140 6,998 7,058 60 18,350 33,201
Nov-21 – – – 6,954 6,954 6,954 0 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