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 mixed, with SRW near unchanged and HRW weaker and HRS stronger.  World markets remained stable and there are more forecasts for rain and snow in the southern Great Plains.  Rain and snow will be beneficial to crops in the region.  Southern Russia has also gotten some rain and snow now as the crops there are dormant.  The snow can help protect crops against Winterkill and the rain and snow can be used in the Spring to support initial growth..  US prices remain very close to international prices and US markets have searched for new demand.  Export demand has remained stable and moderate with the close price relationships.  World prices have worked higher even with additional supplies available to the market as Russian prices remain elevated.  Australian supplies have increased as its harvest is moving to completion.

Overnight News:  The southern Great Plains should get isolated showers or dry conditions.  Temperatures should be near normal.  Northern areas should see scattered showers today and tomorrow, then mostly dry conditions. Temperatures will be above normal.  The Canadian Prairies should see mostly dry conditions.  Temperatures should average above normal.

Chart Analysis:  Trends in Chicago are mixed.  Support is at 634, 628, and 614 March, with resistance at 650, 660, and 664 March.  Trends in Kansas City are mixed to down with objectives of 574, 552, and 514 March.  Support is at 587, 573, and 563 March, with resistance at 603, 616, and 618 March.  Trends in Minneapolis are mixed.  Support is at 596, 590, and 583 March, and resistance is at 614, 620, and 626 March.

 

COT — Supplemental Report – Option and Futures Combined Positions as of January 05, 2021

:                                    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   522,434

: Positions                                                                               :

:   81,306    83,039   156,807    65,994   187,532   181,248    44,233   485,356   471,612:   37,078    50,822

:                                                                                         :

: Changes from: December 29, 2020          (Change in open interest:      45,177)         :

:   12,089     3,603    15,850     8,534    23,743     7,335     2,241    43,808    45,437:    1,368      -260

:                                                                                         :

: Percent of Open Interest Represented by Each Category of Trader                         :

:     15.6      15.9      30.0      12.6      35.9      34.7       8.5      92.9      90.3:      7.1       9.7

:                                                                                         :

: Total Traders:   394          Number of Traders in Each Category                        :

:      103       105       109        74       116        50        22       296       292:

——————————————————————————————————————-

 

COT — Supplemental Report – Option and Futures Combined Positions as of January 05, 2021

:                                    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   237,961

: Positions                                                                               :

:   54,531    21,721    39,809    36,925   142,847    84,049    11,090   215,315   215,467:   22,647    22,495

:                                                                                         :

: Changes from: December 29, 2020          (Change in open interest:       6,771)         :

:    3,043     4,098       886        29     1,042     1,257    -1,355     5,215     4,672:    1,556     2,099

:                                                                                         :

: Percent of Open Interest Represented by Each Category of Trader                         :

:     22.9       9.1      16.7      15.5      60.0      35.3       4.7      90.5      90.5:      9.5       9.5

:                                                                                         :

: Total Traders:   249          Number of Traders in Each Category                        :

:       67        37        46        66        89        36        15       193       166:

——————————————————————————————————————-

 

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 5, 2021

:                                             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    82,317                :

: Positions                                                                                                    :

:   32,520    53,044     3,624       432       906    15,092     7,344     2,164     7,591     3,688     4,337 :

:                                                                                                              :

: Changes from:     December 29, 2020                                                                          :

:    1,933     6,952         4        60       -15     3,068      -747       -98       693     1,097       113 :

:                                                                                                              :

: Percent of Open Interest Represented by Each Category of Trader                                              :

:     39.5      64.4       4.4       0.5       1.1      18.3       8.9       2.6       9.2       4.5       5.3 :

:                                                                                                              :

: Number of Traders in Each Category                                  Total Traders:   119                     :

:       48        40         5         .         4        15         7         4        15         8        10 :

—————————————————————————————————————-

 

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 5, 2021

:                                             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    22,303                :

: Positions                                                                                                    :

:    9,256    18,441         0     1,647       238    10,592       350       553       249         0       200 :

:                                                                                                              :

: Changes from:     December 29, 2020                                                                          :

:     -644        54         0      -260        45        95        50       -40       249         0       200 :

:                                                                                                              :

: Percent of Open Interest Represented by Each Category of Trader                                              :

:     41.5      82.7       0.0       7.4       1.1      47.5       1.6       2.5       1.1       0.0       0.9 :

:                                                                                                              :

: Number of Traders in Each Category                                  Total Traders:    28                     :

:        7        16         0         .         .         4         .         .         .         0         . :

—————————————————————————————————————-

 

RICE  

General Comments:  Rice was a little higher last week in quiet trading.  Trading still reflects the lack of activity in the domestic cash market and the lack of activity is causing some volatility to enter.  The market has turned to look for new demand and the spreads suggest that not much is out there.  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.

Overnight News:  The Delta should get scattered showers this weekend. Temperatures should be below normal.

Chart Analysis:  Trends are mixed.  Support is at 1261, 1259, and 1248 March, with resistance at 1281, 1293, and 1301 March.

 

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 5, 2021

:                                             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     9,637                :

: Positions                                                                                                    :

:    5,222     7,764       180         0         0     1,874       567         0       825       407       184 :

:                                                                                                              :

: Changes from:     December 29, 2020                                                                          :

:       17      -161         9         0         0        12         0         0        74       236      -287 :

:                                                                                                              :

: Percent of Open Interest Represented by Each Category of Trader                                              :

:     54.2      80.6       1.9       0.0       0.0      19.4       5.9       0.0       8.6       4.2       1.9 :

:                                                                                                              :

: Number of Traders in Each Category                                  Total Traders:    42                     :

:        7        14         .         0         0        10         .         0         6         .         . :

—————————————————————————————————————-

 

CORN AND OATS                      

General Comments:  Corn was higher and Oats were a little lower, with Corn higher amid worries about the dry weather in South America and the demand for the US crops.  Trends are up in both markets.  Export demand has held relatively 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 central and northern Brazil in the last week.  Southern Brazil and Argentina got some very beneficial rain over the weekend.  Drought could develop in Brazil and Argentina 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.

Overnight News:  Colombia bought 108,500 tons of US Corn. 

Chart Analysis:  Trends in Corn are mixed to up with no objectives.  Support is at 480, 473, and 467 March, and resistance is at 498, 502, and 505 March.  Trends in Oats are mixed.  Support is at 350, 347, and 339 March, and resistance is at 363, 370, and 373 March.

 

COT — Supplemental Report – Option and Futures Combined Positions as of January 05, 2021

:                                    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 2,379,202

: Positions                                                                               :

:  488,351    92,734   485,004   593,119 1,390,332   591,519   182,441 2,157,993 2,150,511:  221,209   228,691

:                                                                                         :

: Changes from: December 29, 2020          (Change in open interest:     135,469)         :

:   15,164    -2,817    58,231    29,446    72,315    14,971     7,989   117,812   135,719:   17,658      -249

:                                                                                         :

: Percent of Open Interest Represented by Each Category of Trader                         :

:     20.5       3.9      20.4      24.9      58.4      24.9       7.7      90.7      90.4:      9.3       9.6

:                                                                                         :

: Total Traders:   941          Number of Traders in Each Category                        :

:      214       139       183       376       462        53        25       734       728:

——————————————————————————————————————-

 

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 5, 2021

:                                             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     4,849                :

: Positions                                                                                                    :

:      703     3,947       122         0         0     1,403         0         0       586         0         0 :

:                                                                                                              :

: Changes from:     December 29, 2020                                                                          :

:      -38       257       -11         0         0       -78         0         0       -14         0         0 :

:                                                                                                              :

: Percent of Open Interest Represented by Each Category of Trader                                              :

:     14.5      81.4       2.5       0.0       0.0      28.9       0.0       0.0      12.1       0.0       0.0 :

:                                                                                                              :

: Number of Traders in Each Category                                  Total Traders:    24                     :

:        6        10         .         0         0         9         0         0         .         0         0 :

—————————————————————————————————————-

 

SOYBEANS AND PRODUCTS   

General Comments:  Soybeans and the products closed higher once again despite some reports of rains in South America.  Demand remains a feature of the market as US ending stocks estimates are very tight and are likely to get even tighter as time goes on.  China continues to buy each day and has appeared in the daily reporting system of USDA in the past week.  Production potential is being threatened in South America due to the lack of rainfall.  The situation is improved in central and northern Brazil but remains dire in southern Brazil and Argentina.  Southern Brazil and Argentina got some very beneficial rain over the weekend and more is in the forecast for late this week.  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:   China bought 132,000 tons of US Soybeans. 

Chart Analysis:  Trends in Soybeans are mixed to up with no objectives.  Support is at 1369, 1342, and 1293 March, and resistance is at 1388, 1400, and 1412 March.  Trends in Soybean Meal are mixed to up with objectives of 451.00 March.   Support is at 426.00, 421.00, and 414.00 March, and resistance is at 444.00, 447.00, and 450.00 March.  Trends in Soybean Oil are mixed to up with no objectives.  Support is at 4310, 4200, and 4130 March, with resistance at 4420, 4430, and 4470 March.

 

COT — Supplemental Report – Option and Futures Combined Positions as of January 05, 2021

:                                    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 1,282,647

: Positions                                                                               :

:  203,388    38,173   344,795   379,676   711,493   264,736    98,553 1,192,595 1,193,014:   90,052    89,633

:                                                                                         :

: Changes from: December 29, 2020          (Change in open interest:      64,924)         :

:   -9,507       221    37,659    28,529    16,556     5,096    12,000    61,777    66,436:    3,147    -1,512

:                                                                                         :

: Percent of Open Interest Represented by Each Category of Trader                         :

:     15.9       3.0      26.9      29.6      55.5      20.6       7.7      93.0      93.0:      7.0       7.0

:                                                                                         :

: Total Traders:   674          Number of Traders in Each Category                        :

:      225        97       196       204       252        52        23       550       514:

——————————————————————————————————————-

 

COT — Supplemental Report – Option and Futures Combined Positions as of January 05, 2021

:                                    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   571,571

: Positions                                                                               :

:  109,205    17,279   138,232   127,362   361,295   150,706    27,794   525,506   544,600:   46,065    26,971

:                                                                                         :

: Changes from: December 29, 2020          (Change in open interest:      13,996)         :

:    2,222      -634     6,193     7,407     8,018    -1,199       904    14,622    14,481:     -626      -485

:                                                                                         :

: Percent of Open Interest Represented by Each Category of Trader                         :

:     19.1       3.0      24.2      22.3      63.2      26.4       4.9      91.9      95.3:      8.1       4.7

:                                                                                         :

: Total Traders:   315          Number of Traders in Each Category                        :

:      116        34        72        86        87        39        16       269       189:

——————————————————————————————————————-

 

COT — Supplemental Report – Option and Futures Combined Positions as of January 05, 2021

:                                    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   486,734

: Positions                                                                               :

:   81,174    13,894    94,071   143,264   331,353   112,570    18,680   431,079   457,998:   55,654    28,735

:                                                                                         :

: Changes from: December 29, 2020          (Change in open interest:       5,632)         :

:   -2,571     2,514     3,677     5,233    -2,267       296     2,413     6,635     6,337:   -1,003      -705

:                                                                                         :

: Percent of Open Interest Represented by Each Category of Trader                         :

:     16.7       2.9      19.3      29.4      68.1      23.1       3.8      88.6      94.1:     11.4       5.9

:                                                                                         :

: Total Traders:   275          Number of Traders in Each Category                        :

:       90        25        59       100        94        36        15       246       179:

——————————————————————————————————————-

 

CANOLA AND PALM OIL          

General Comments:  Palm Oil closed higher and made a new high weekly close once again last week.  The market was supported 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.  Export demand has been strong and ethanol demand has been moderate.  Soybean Oil and Canola were higher on strong demand ideas.  Production problems for Soybeans in South America 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.

Overnight News:

Chart Analysis:  Trends in Canola are up with objectives of 654.00 and 671.00 March.  Support is at 646.00, 636.00, and 631.00 March, with resistance at 655.00, 658.00, and 661.00 March.  Trends in Palm Oil are up with no objectives.  Support is at 3770, 3630, and 3560 March, with resistance at 3890, 3910, and 3940 March.

 

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 5, 2021

:                                             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   230,573                :

: Positions                                                                                                    :

:  136,286   187,983     4,255     3,886     3,175    54,330     1,052     8,110     8,520    11,304    13,737 :

:                                                                                                              :

: Changes from:     December 29, 2020                                                                          :

:    8,600     3,010        88      -217       548    -2,325       612     1,938    -1,378     1,648     1,149 :

:                                                                                                              :

: Percent of Open Interest Represented by Each Category of Trader                                              :

:     59.1      81.5       1.8       1.7       1.4      23.6       0.5       3.5       3.7       4.9       6.0 :

:                                                                                                              :

: Number of Traders in Each Category                                  Total Traders:   284                     :

:       53        52         .         5         4        58         4        10        76        48        38 :

—————————————————————————————————————-

 

Midwest Weather Forecast:   Mostly dry or light precipitation.  Temperatures should average near normal

 

 

 

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
January +82 Mar +160 Mar +95 Mar +78 Jan +30 Mar +550 Mar
February +80 Mar +97 Mar +76 Mar
March +70 Mar +95 Mar +76 Mar
         

 

DJ ICE Canada Cash Grain Close – Jan 7 

WINNIPEG — The following are the closing cash

canola prices from ICE Futures.

Source: ICE Futures

Price     Basis     Contract     Change

CANOLA

*Par Region          619.60    -32.40    Mar 2021     up 3.70

Basis: Thunder Bay   701.80     45.00    Mar 2021     up 4.80

Basis: Vancouver     716.80     60.00    Mar 2021     up 4.80

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 – Jan 11 

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          1032.50     -05.00      Unquoted   –        –

Feb          1017.50     -05.00      Unquoted   –        –

Mar           982.50     -07.50      Unquoted   –        –

Apr/May/Jun   925.00     -05.00      Unquoted   –        –

Jul/Aug/Sep   850.00     -05.00      Unquoted   –        –

RBD palm olein, FOB, Malaysian ports

Offer      Change      Bid        Change   Traded

Jan          1035.00     -05.00      Unquoted   –        –

Feb          1020.00     -05.00      Unquoted   –        –

Mar           985.00     -07.50      Unquoted   –        –

Apr/May/Jun   927.50     -05.00      Unquoted   –        –

Jul/Aug/Sep   852.50     -05.00      Unquoted   –        –

RBD palm stearin, FOB, Malaysian ports

Offer      Change      Bid        Change   Traded

Jan          1010.00     -05.00      Unquoted   –        –

Palm Fatty Acid Distillate, FOB Malaysian ports

Offer      Change      Bid        Change   Traded

Jan           895.00     -05.00      Unquoted   –        –

Crude palm oil, Delivered Basis, South Malaysia

Offer      Change      Bid        Change   Traded

Jan           4,000.00   -30.00      Unquoted   –        –

Palm kernel oil, Delivered Basis, South Malaysia

Offer      Change      Bid        Change   Traded

Jan           338.00     -02.00      Unquoted   –        –

($1=MYR4.041)

 

DJ China Dalian Grain Futures Closing Prices, Volume – Jan 11 

Soybean No. 1

Turnover: 212,996 lots, or 12.61 billion yuan

Open      High       Low     Close     Prev.    Settle       Ch.       Vol      Open

Settle                                Interest

Jan-21     5,800     5,853     5,800     5,853     5,760     5,807        47       124     3,831

Mar-21     5,832     5,970     5,814     5,936     5,831     5,924        93    13,718     7,775

May-21     5,853     5,987     5,827     5,954     5,847     5,923        76   196,966    93,768

Jul-21     5,810     5,923     5,761     5,862     5,764     5,856        92       148       963

Sep-21     5,737     5,843     5,720     5,804     5,732     5,789        57     1,990     3,115

Nov-21     5,422     5,561     5,422     5,533     5,476     5,524        48        50       150

Corn

Turnover: 1,504,974 lots, or 42.87 billion yuan

Open      High       Low     Close     Prev.    Settle       Ch.         Vol        Open

Settle                                    Interest

Jan-21     2,800     2,840     2,794     2,825     2,756     2,820        64         509       3,341

Mar-21     2,830     2,916     2,805     2,830     2,797     2,851        54      70,864      91,092

May-21     2,842     2,911     2,801     2,837     2,821     2,855        34   1,181,606   1,073,199

Jul-21     2,832     2,904     2,808     2,840     2,820     2,854        34      62,190     129,338

Sep-21     2,797     2,860     2,764     2,801     2,790     2,811        21     158,116     224,857

Nov-21     2,732     2,790     2,711     2,741     2,720     2,753        33      31,689      24,273

Soymeal

Turnover: 2,802,342 lots, or 10.06 billion yuan

Open      High       Low     Close     Prev.    Settle       Ch.         Vol        Open

Settle                                    Interest

Jan-21     3,608     3,608     3,605     3,605     3,540     3,606        66          17          30

Mar-21     3,568     3,726     3,566     3,668     3,537     3,631        94     114,019      48,365

May-21     3,548     3,657     3,523     3,619     3,509     3,588        79   2,091,759   1,720,950

Jul-21     3,539     3,611     3,506     3,578     3,503     3,557        54      99,081      90,152

Aug-21     3,570     3,638     3,535     3,611     3,535     3,586        51      27,750      11,773

Sep-21     3,571     3,645     3,542     3,618     3,541     3,601        60     469,100     632,173

Nov-21     3,497     3,534     3,452     3,517     3,471     3,509        38         178         953

Dec-21     3,485     3,511     3,456     3,491     3,444     3,485        41         438       1,795

Palm Oil

Turnover: 980,387 lots, or 70.71 billion yuan

Open      High       Low     Close     Prev.    Settle       Ch.       Vol      Open

Settle                                Interest

Jan-21     7,786     8,046     7,444     7,444     7,450     7,780       330       203       391

Feb-21     7,618     7,696     7,450     7,468     7,612     7,598       -14     9,751    22,230

Mar-21     7,596     7,680     7,440     7,462     7,596     7,574       -22     9,196    19,623

Apr-21     7,424     7,502     7,258     7,272     7,418     7,412        -6     5,853     6,259

May-21     7,256     7,356     7,092     7,120     7,238     7,226       -12   908,187   339,244

Jun-21     7,138     7,232     6,970     7,014     7,072     7,114        42     3,084     1,019

Jul-21     6,972     6,994     6,820     6,820     6,922     6,924         2        26        26

Aug-21         –         –         –     6,792     6,792     6,792         0         0         3

Sep-21     6,744     6,850     6,616     6,644     6,742     6,736        -6    44,064    38,318

Oct-21     6,708     6,758     6,588     6,758     6,686     6,644       -42        17         8

Nov-21     6,716     6,716     6,608     6,608     6,610     6,684        74         4        25

Dec-21     6,698     6,698     6,688     6,688     6,680     6,692        12         2        19

Soybean Oil

Turnover: 1,068,060 lots, or 86.64 billion yuan

Open      High       Low     Close     Prev.    Settle       Ch.       Vol      Open

Settle                                Interest

Jan-21     8,830     8,880     8,830     8,880     8,830     8,876        46       249     3,539

Mar-21     8,552     8,680     8,414     8,436     8,496     8,516        20     8,703     7,580

May-21     8,164     8,250     8,024     8,058     8,128     8,148        20   956,043   508,099

Jul-21     7,892     7,958     7,764     7,786     7,864     7,868         4    23,220    25,265

Aug-21     7,766     7,866     7,662     7,690     7,754     7,762         8    10,240     3,966

Sep-21     7,692     7,766     7,574     7,606     7,664     7,682        18    69,576    87,748

Nov-21     7,656     7,738     7,548     7,568     7,626     7,666        40        10       150

Dec-21     7,630     7,630     7,448     7,448     7,518     7,546        28        19        29

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