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 lower in reaction to news that the Russian government is looking to tame food inflation inside the country by taxing and issuing new export quotas on Wheat along with some other agricultural products. Minneapolis Spring Wheat contracts closed higher. US prices moved very close to international prices and US markets searched for new demand. Export demand has started to improve with the close price relationships. World prices have held steady or worked a little higher even with additional supplies available to the market as Russian prices remain elevated. Australian supplies have increased as its harvest is moving forward. US weather is mixed with still dry conditions in the western Great Plains even though a few areas got some snow. Some precipitation was reported in the eastern Great Plains and in parts of the Midwest. Parts of eastern Ukraine and southern Russia remain dry.
Overnight News: The southern Great Plains should get mostly dry conditions but light precipitation on Friday. Temperatures should be near to above normal. Northern areas should see mostly dry conditions or isolated showers. Temperatures will be above normal. The Canadian Prairies should see isolated showers. Temperatures should average above normal.
Chart Analysis: Trends in Chicago are mixed. Support is at 606, 594, and 590 March, with resistance at 615, 620, and 623 March. Trends in Kansas City are mixed. Support is at 564, 560, and 556 March, with resistance at 586, 588, and 597 March. Trends in Minneapolis are mixed to up with objectives of 588, 596, and 608 March. Support is at 563, 556, and 553 March, and resistance is at 574, 581, and 589 March.

COT — Supplemental Report – Option and Futures Combined Positions as of December 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 472,648
: Positions :
: 62,855 80,977 142,963 57,972 156,513 176,514 42,725 440,303 423,178: 32,344 49,470
: Changes from: December 8, 2020 (Change in open interest: 2,366) :
: -1,147 -11,518 6,424 -1,408 6,802 -1,638 -142 2,232 1,566: 134 801
: Percent of Open Interest Represented by Each Category of Trader :
: 13.3 17.1 30.2 12.3 33.1 37.3 9.0 93.2 89.5: 6.8 10.5
: Total Traders: 381 Number of Traders in Each Category :
: 89 99 105 72 120 53 24 281 292:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of December 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 224,349
: Positions :
: 48,832 17,300 37,924 34,313 136,324 82,333 12,405 203,402 203,953: 20,947 20,396
: Changes from: December 8, 2020 (Change in open interest: 7,543) :
: 3,091 -3,534 -1,654 869 9,142 3,995 2,673 6,301 6,628: 1,242 916
: Percent of Open Interest Represented by Each Category of Trader :
: 21.8 7.7 16.9 15.3 60.8 36.7 5.5 90.7 90.9: 9.3 9.1
: Total Traders: 250 Number of Traders in Each Category :
: 61 38 50 65 94 36 16 190 173:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 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 72,824 :
: Positions :
: 30,759 42,924 3,168 401 563 12,219 8,830 2,322 5,880 2,115 3,574 :
: Changes from: December 8, 2020 :
: 1,876 5,198 240 -338 60 537 -314 146 1,081 373 668 :
: Percent of Open Interest Represented by Each Category of Trader :
: 42.2 58.9 4.4 0.6 0.8 16.8 12.1 3.2 8.1 2.9 4.9 :
: Number of Traders in Each Category Total Traders: 109 :
: 47 40 6 . . 11 10 4 15 . 8 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 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 23,706 :
: Positions :
: 12,055 19,498 0 2,264 71 9,887 300 323 70 155 380 :
: Changes from: December 8, 2020 :
: -85 -269 0 -120 0 -370 0 323 -112 155 154 :
: Percent of Open Interest Represented by Each Category of Trader :
: 50.9 82.2 0.0 9.6 0.3 41.7 1.3 1.4 0.3 0.7 1.6 :
: Number of Traders in Each Category Total Traders: 30 :
: 9 17 0 . . 5 . . . . . :
—————————————————————————————————————-

RICE
General Comments: Rice was higher last week as trading reflected the lack of activity in the domestic cash market. The weekly export sales report featured strong demand from Venezuela and strong demand overall and caused futures to rally. Trading volumes have been less for the last couple of weeks. The cash market is slow and the lack of business is reflected in futures volumes traded. 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. Futures have ignored the bearish data from the monthly WASDE reports in the past week and a half.
Overnight News: The Delta should get mostly dry conditions but light precipitation on Friday. Temperatures should be near to below normal today, then trend to near to above normal.
Chart Analysis: Trends are mixed to up with objectives of 1275, 1308, and 1337 March. Support is at 1248, 1236, and 1230 January, with resistance at 1267, 1270, and 1276 January.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 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 9,606 :
: Positions :
: 4,412 7,573 169 0 0 1,976 537 0 807 74 735 :
: Changes from: December 8, 2020 :
: 107 96 3 0 0 -76 0 -2 -11 -167 212 :
: Percent of Open Interest Represented by Each Category of Trader :
: 45.9 78.8 1.8 0.0 0.0 20.6 5.6 0.0 8.4 0.8 7.7 :
: Number of Traders in Each Category Total Traders: 44 :
: 10 18 . 0 0 7 . 0 5 . 5 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn was higher and broke out to the upside on the daily and weekly charts. Oats moved lower as the sharp rally came to an end. New export demand was noted from China by USDA in the weekly export sales report. Export demand has held strong as US Corn is about the cheapest feed grain in the world market. Domestic demand has been less due to reduced demand for ethanol processing and questions about feed demand. It has rained in parts of Argentina and in much of Brazil in the past week. Drought could develop in Brazil and Argentina despite the rains this week as the overall weather patterns have been dry and as dry weather is in the forecast for Argentina and southern Brazil. The drought is especially serious in South America for the first Corn crop but the second crop could also be affected due to late planting in central and northern Brazil. Dry weather has delayed the Soybeans planting and that will delay the second Corn planting later. Farmers will not plant if it gets too late in the year as the rains will shut off before the crop gets mature.
Overnight News:
Chart Analysis: Trends in Corn are up with objectives of 439 and 453 March. Support is at 427, 424, and 418 March, and resistance is at 430, 442, and 445 March. Trends in Oats are mixed to up with no objectives. Support is at 335, 330, and 320 March, and resistance is at 343, 345, and 348 March.

COT — Supplemental Report – Option and Futures Combined Positions as of December 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 2,117,529
: Positions :
: 388,610 109,895 409,258 572,721 1,224,125 551,620 157,676 1,922,209 1,900,954: 195,320 216,575
: Changes from: December 8, 2020 (Change in open interest: 27,689) :
: -8,441 6,085 8,132 14,121 8,014 13,042 8,778 26,855 31,009: 834 -3,320
: Percent of Open Interest Represented by Each Category of Trader :
: 18.4 5.2 19.3 27.0 57.8 26.1 7.4 90.8 89.8: 9.2 10.2
: Total Traders: 956 Number of Traders in Each Category :
: 219 147 193 376 453 54 24 742 739:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 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 4,651 :
: Positions :
: 867 3,536 130 0 0 1,341 0 0 510 0 0 :
: Changes from: December 8, 2020 :
: . . . . . . . . . . . :
: Percent of Open Interest Represented by Each Category of Trader :
: 18.6 76.0 2.8 0.0 0.0 28.8 0.0 0.0 11.0 0.0 0.0 :
: Number of Traders in Each Category Total Traders: 22 :
: 6 10 . 0 0 8 0 0 . 0 0 :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans and Soybean Meal closed higher on better demand for US Soybeans and despite rains in South America. Futures were able to move above 12.00 per bushel and a new leg higher has started on the daily and weekly charts. The weekly export sales report was above expectations and the NOPA crush was very strong. US ending stocks estimates now are very tight and are likely to get even tighter as tie goes on. China continues to buy in small amounts each day but has cancelled and switched some contracts made to unknown destinations. Production potential is being threatened in South America due to the lack of rainfall. The situation is most serious in central and northern Brazil, but has improved in southern Brazil and Argentina due to recent rains. These rains are leaving southern Brazil and Argentina now and will move to the north. Southern Brazil and Argentina will now turn warm and dry and this will be much more consistent with atypical La Nina pattern. The world will need very strong production from South America to meet the projected demand. The stocks to use ration for Soybeans is now very small and the situation is the tightest projected in years.
Overnight News:
Chart Analysis: Trends in Soybeans are up with objectives of 1245 January. Support is at 1200, 1180, and 1172 January, and resistance is at 1220, 1236, and 1248 January. Trends in Soybean Meal are up with no objectives. Support is at 400.00, 394.00, and 391.00 January, and resistance is at 407.00, 410.00, and 413.00 January. Trends in Soybean Oil are up with objectives of 4090 and 4530 January. Support is at 3930, 3900, and 3860 January, with resistance at 34020, 4050, and 4080 January.

COT — Supplemental Report – Option and Futures Combined Positions as of December 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 1,278,091
: Positions :
: 200,239 34,672 348,838 372,625 714,602 268,010 90,773 1,189,713 1,188,885: 88,378 89,206
: Changes from: December 8, 2020 (Change in open interest: 23,282) :
: -472 -4,438 20,154 -13,737 -496 11,107 6,400 17,051 21,619: 6,231 1,663
: Percent of Open Interest Represented by Each Category of Trader :
: 15.7 2.7 27.3 29.2 55.9 21.0 7.1 93.1 93.0: 6.9 7.0
: Total Traders: 698 Number of Traders in Each Category :
: 202 132 217 219 271 51 27 571 564:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of December 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 578,648
: Positions :
: 94,253 21,591 144,576 133,006 352,154 153,917 28,858 525,752 547,179: 52,897 31,469
: Changes from: December 8, 2020 (Change in open interest: 19,284) :
: 8,203 -2,581 12,519 -2,849 3,955 -1,471 3,095 16,402 16,987: 2,882 2,296
: Percent of Open Interest Represented by Each Category of Trader :
: 16.3 3.7 25.0 23.0 60.9 26.6 5.0 90.9 94.6: 9.1 5.4
: Total Traders: 329 Number of Traders in Each Category :
: 108 47 95 86 82 40 19 280 217:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of December 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 492,444
: Positions :
: 71,565 12,568 99,429 152,760 329,720 110,636 18,759 434,390 460,476: 58,055 31,969
: Changes from: December 8, 2020 (Change in open interest: 13,117) :
: 504 -13,464 8,198 735 9,418 913 5,533 10,350 9,685: 2,767 3,432
: Percent of Open Interest Represented by Each Category of Trader :
: 14.5 2.6 20.2 31.0 67.0 22.5 3.8 88.2 93.5: 11.8 6.5
: Total Traders: 272 Number of Traders in Each Category :
: 74 36 71 103 91 36 15 252 185:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Palm Oil closed higher and made a new high weekly close. It was lower today on weakness in the outside markets. The market was supported late in the week by ideas of tight supplies coming down the road. Production of most vegetable oils in the world is less this year due to a lack of production of oilseeds. The production of Palm Oil is down in both Malaysia and Indonesia as plantations in both countries are having trouble getting workers into the fields. Palm Oil prices are relatively high right now so importers are looking at importing Soybean Oil instead due to cost and quality. Soybean Oil and Canola were higher on strong demand ideas. Production problems for Soybeans in South America and a strike by workers at ports in Argentina helped Soybean Oil. 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 Canola has improved in recent weeks and farm selling has been less as farmers have reduced supplies.
Overnight News:
Chart Analysis: Trends in Canola are up with objectives of 640.00 January. Support is at 614.00, 601.00, and 599.00 January, with resistance at 625.00, 628.00, and 631.00 January. Trends in Palm Oil are mixed to up with objectives of 3590 February. Support is at 3500, 3470, and 3390 February, with resistance at 3560, 3590, and 3620 February.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 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 219,055 :
: Positions :
: 122,742 182,844 4,258 4,605 1,919 60,851 198 5,647 9,223 9,527 12,615 :
: Changes from: December 8, 2020 :
: -18,731 -16,666 -2,525 590 504 2,397 -197 -4,035 1,038 -1,357 -111 :
: Percent of Open Interest Represented by Each Category of Trader :
: 56.0 83.5 1.9 2.1 0.9 27.8 0.1 2.6 4.2 4.3 5.8 :
: Number of Traders in Each Category Total Traders: 297 :
: 57 62 . 5 4 59 . 9 63 70 40 :
—————————————————————————————————————-

DJ Canadian Grain Handling Summary – Dec 18
WINNIPEG–The following are Canadian grain handling summary
statistics for the week ended Dec. 13, 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 2506.6 836.8 294.8 506.7 71.7 1601.0 389.3 169.9 7411.6
Week Ago 2437.8 715.1 324.9 430.1 105.6 1611.2 409.9 168.8 7327.3
Year Ago 2343.6 722.2 326.2 437.3 38.9 1388.9 301.6 71.3 6337.3
PRODUCER DELIVERIES
This Week 470.9 154.7 60.6 113.1 12.5 541.2 60.4 7.7 1502.2
Week Ago 579.0 162.6 60.7 114.4 9.8 476.2 95.5 9.1 1573.5
To Date 8253.9 2455.9 1343.0 2151.1 235.5 8868.8 2027.5 158.9 27698.4
Year Ago 7998.7 1959.2 1098.0 1681.5 124.9 7561.4 1792.3 156.4 23812.5
TERMINAL RECEIPTS
This Week 441.6 270.4 16.5 99.7 3.4 230.4 35.1 70.5 1401.2
Week Ago 410.3 240.3 11.9 81.8 14.5 243.5 33.1 50.0 1375.6
To Date 9110.7 2901.0 374.7 1467.2 120.0 5154.4 1368.3 433.6 25352.6
Year Ago 7302.8 2514.1 238.9 857.1 56.6 3984.9 1181.5 68.1 19274.4
EXPORTS
This Week 409.5 188.3 54.3 45.1 46.6 308.6 0.3 48.2 1337.7
Week Ago 338.7 64.3 64.3 103.6 22.3 254.5 71.0 31.2 1348.5
To Date 7463.7 2141.5 915.1 1445.8 154.1 4799.6 1356.8 263.8 21625.4
Year Ago 6062.6 1871.1 664.8 860.0 63.0 3434.2 1129.9 12.5 16306.0
DOMESTIC DISAPPEARANCE
This Week 120.5 3.2 18.1 22.2 1.4 229.9 4.0 6.9 466.0
Week Ago 67.6 21.8 17.2 21.9 3.5 194.5 4.2 11.1 409.5
To Date 1766.4 189.7 284.8 428.1 25.4 3872.7 77.8 352.1 7824.8
Year Ago 1790.3 156.0 111.3 524.7 16.6 4211.6 86.4 274.5 7925.0
*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: Some precipitation this weekend. Temperatures should average near to above normal

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
December +71 Mar +150 Mar +92 Mar +72 Jan +15 Jan N/A
January +72 Mar +95 Mar +74 Jan
February +75 Mar +97 Mar +73 Mar

DJ ICE Canada Cash Grain Close – Dec 18
WINNIPEG–The following are the closing cash canola prices
from ICE Futures for Dec. 18, 2020.
Source: ICE Futures
CANOLA
1 Canada NCC Best Bid
Spot Price Basis Contract Change
*Par Region 582.80 -32.40 Jan 21 up 12.30
Basis: Thunder Bay 668.80 45.00 Jan 21 up 8.60
Basis: Vancouver 678.80 55.00 Jan 21 up 8.60
All prices in Canadian dollars per metric ton.
*Quote for previous day
Source: Commodity News Service Canada (news@marketsfarm.com, or
204-414-9084)

DJ Malaysian PM Cash Market Prices for Palm Oil – Dec 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

Jan 927.50 -15.00 Unquoted – –
Feb/Mar 897.50 -07.50 Unquoted – –
Apr/May/Jun 837.50 -10.00 Unquoted – –
Jul/Aug/Sep 772.50 -07.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded

Jan 930.00 -15.00 Unquoted – –
Feb/Mar 900.00 -07.50 Unquoted – –
Apr/May/Jun 840.00 -10.00 Unquoted – –
Jul/Aug/Sep 775.00 -07.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Jan 920.00 -05.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Jan 812.50 -12.50 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jan 3,650.00 -30.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jan 299.00 +08.00 Unquoted – –
($1=MYR4.049)

DJ China Dalian Grain Futures Closing Prices, Volume – Dec 21
Soybean No. 1
Turnover: 230,342 lots, or 12.53 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-21 5,263 5,461 5,253 5,411 5,269 5,363 94 36,450 12,363
Mar-21 5,308 5,522 5,286 5,470 5,309 5,423 114 4,125 5,725
May-21 5,322 5,578 5,282 5,505 5,313 5,457 144 185,366 70,741
Jul-21 5,316 5,544 5,300 5,471 5,308 5,414 106 2,898 2,923
Sep-21 5,281 5,460 5,255 5,452 5,259 5,376 117 1,425 2,273
Nov-21 5,112 5,302 5,112 5,288 5,151 5,243 92 78 93
Corn
Turnover: 829,104 lots, or 21.81 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-21 2,550 2,560 2,541 2,555 2,540 2,549 9 58,143 139,606
Mar-21 2,582 2,606 2,575 2,603 2,575 2,593 18 49,337 62,984
May-21 2,615 2,648 2,610 2,645 2,611 2,635 24 563,884 972,984
Jul-21 2,636 2,671 2,628 2,667 2,630 2,659 29 106,365 133,493
Sep-21 2,634 2,656 2,629 2,652 2,632 2,646 14 46,714 180,365
Nov-21 2,569 2,597 2,569 2,594 2,574 2,586 12 4,661 9,108
Soymeal
Turnover: 1,993,654 lots, or 64.45 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-21 3,160 3,240 3,123 3,239 3,117 3,170 53 119,411 100,042
Mar-21 3,161 3,274 3,155 3,273 3,143 3,208 65 48,583 30,827
May-21 3,187 3,299 3,178 3,298 3,169 3,236 67 1,345,868 1,621,367
Jul-21 3,167 3,275 3,161 3,273 3,146 3,210 64 260,321 52,820
Aug-21 3,216 3,323 3,211 3,323 3,201 3,258 57 15,588 12,087
Sep-21 3,225 3,337 3,223 3,335 3,211 3,275 64 203,099 472,162
Nov-21 3,186 3,301 3,165 3,301 3,182 3,249 67 424 898
Dec-21 3,176 3,260 3,176 3,260 3,173 3,246 73 360 472
Palm Oil
Turnover: 924,087 lots, or 6.36 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-21 7,070 7,140 6,980 7,054 7,020 7,072 52 38,526 42,207
Feb-21 7,162 7,230 7,100 7,184 7,122 7,174 52 154,721 57,002
Mar-21 7,096 7,150 7,028 7,102 7,038 7,096 58 33,519 7,923
Apr-21 6,950 7,008 6,862 6,956 6,890 6,946 56 66,039 2,457
May-21 6,810 6,850 6,696 6,780 6,734 6,782 48 620,558 344,189
Jun-21 6,698 6,714 6,650 6,698 6,704 6,692 -12 9 7
Jul-21 6,530 6,530 6,472 6,472 6,424 6,506 82 10 13
Aug-21 – – – 6,338 6,338 6,338 0 0 4
Sep-21 6,340 6,394 6,280 6,308 6,294 6,330 36 10,697 25,071
Oct-21 6,318 6,318 6,254 6,254 6,246 6,286 40 2 16
Nov-21 6,410 6,410 6,274 6,276 6,256 6,304 48 6 31
Dec-21 – – – 6,282 6,282 6,282 0 0 6
Soybean Oil
Turnover: 787,759 lots, or 61.24 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-21 8,412 8,460 8,354 8,396 8,296 8,404 108 103,170 99,501
Mar-21 8,062 8,134 8,028 8,028 8,010 8,078 68 2,848 9,276
May-21 7,736 7,772 7,676 7,700 7,664 7,716 52 601,341 492,975
Jul-21 7,440 7,478 7,388 7,402 7,372 7,420 48 54,191 20,227
Aug-21 7,376 7,390 7,308 7,334 7,286 7,344 58 7,429 2,816
Sep-21 7,298 7,334 7,240 7,266 7,248 7,278 30 18,740 47,487
Nov-21 7,242 7,324 7,226 7,250 7,224 7,292 68 31 57
Dec-21 7,258 7,260 7,228 7,230 7,070 7,244 174 9 6
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