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 sharply lower yesterday on a weak export sales report and on hopes for better rains in the 11 to 15 day forecast. The rains might show up but will generally be too little too late to help Wheat. The market is also hearing about too wet weather in China and Europe and dry conditions in southern Russia and Kazakhstan. It has been very cold in South America and the winter crops are in trouble in Brazil and Paraguay. The bad weather is coming back as hot and dry conditions are in the forecast for the northern Great Plains and the Canadian Prairies for the next couple of weeks. Even so, Minneapolis was lower as correction trading continued there. White Winter Wheat production is also being hurt as both have been impacted by drought and heat this year. Yield reports have generally been good in Winter Wheat areas but there have been mixed results reported in some Great Plains states. Quality has been generally good. Europe has had too much rain and Russia and Kazakhstan have had too little. Kazakhstan has moved to limit Wheat exports for this year. World prices might have bottomed and should start to move higher, supporting Wheat futures markets in the US.
Overnight News: The southern Great Plains should get scattered showers. Temperatures should be near normal. Northern areas should see mostly 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 682, 676, and 658 September, with resistance at 700, 718, and 724 September. Trends in Kansas City are mixed. Support is at 645, 638, and 619 September, with resistance at 674, 686, and 692 September. Trends in Minneapolis are up with no objectives. Support is at 871, 859, and 849 September, and resistance is at 909, 944, and 948 September.

COT — Supplemental Report – Option and Futures Combined Positions as of July 20, 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 435,316
: Positions :
: 40,919 73,637 132,596 60,658 156,677 172,479 29,569 406,652 392,480: 28,664 42,836
: Changes from: July 13, 2021 (Change in open interest: 18,804) :
: 6,165 -16,275 23,631 -7,671 11,217 -5,239 -1,244 16,886 17,328: 1,919 1,476
: Percent of Open Interest Represented by Each Category of Trader :
: 9.4 16.9 30.5 13.9 36.0 39.6 6.8 93.4 90.2: 6.6 9.8
: Total Traders: 339 Number of Traders in Each Category :
: 90 68 111 76 107 48 25 267 268:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of July 20, 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 223,310
: Positions :
: 41,998 32,176 42,687 41,081 118,197 76,906 10,881 202,672 203,941: 20,638 19,369
: Changes from: July 13, 2021 (Change in open interest: 12,698) :
: 1,094 -3,779 6,182 1,438 11,056 441 -918 9,153 12,540: 3,544 157
: Percent of Open Interest Represented by Each Category of Trader :
: 18.8 14.4 19.1 18.4 52.9 34.4 4.9 90.8 91.3: 9.2 8.7
: Total Traders: 241 Number of Traders in Each Category :
: 48 43 54 70 84 35 15 184 172:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of July 20, 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 89,546 :
: Positions :
: 31,471 57,470 3,741 1,389 2,310 10,046 1,186 6,398 4,335 1,914 6,650 :
: Changes from: July 13, 2021 :
: 46 1,338 -267 189 491 91 213 1,638 438 -10 1,074 :
: Percent of Open Interest Represented by Each Category of Trader :
: 35.1 64.2 4.2 1.6 2.6 11.2 1.3 7.1 4.8 2.1 7.4 :
: Number of Traders in Each Category Total Traders: 117 :
: 51 44 4 . 4 17 . 5 20 6 16 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of July 20, 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 22,716 :
: Positions :
: 7,503 19,588 2,855 600 300 9,762 0 0 440 1,061 544 :
: Changes from: July 13, 2021 :
: 939 721 284 300 -300 435 -500 0 -804 373 -183 :
: Percent of Open Interest Represented by Each Category of Trader :
: 33.0 86.2 12.6 2.6 1.3 43.0 0.0 0.0 1.9 4.7 2.4 :
: Number of Traders in Each Category Total Traders: 24 :
: 6 14 . . . . 0 0 . . . :
—————————————————————————————————————-

RICE:
General Comments: Rice closed higher Friday and closed very strong for the week on increasing demand ideas and as the weather has been variable for Rice. The weekly export sales report was stronger than expected. The market expects smaller production this year due to reduced planted area and some weather extremes seen through the growing season to date. Growing conditions have been mixed at best with many areas getting too much rain. Rice areas have generally been wet. Louisiana and parts of Mississippi were saturated and are still reported to be wetter than desired for strong production and good quality. Warm temperatures are reported in Arkansas and Missouri and the crop progress is improving. However, it is still very wet in Arkansas. Texas has also been wet. Export demand has been disappointing and Asian prices are trending lower.
Overnight News: The Delta should get isolated showers. Temperatures should be near to below normal.
Chart Analysis: Trends are up with objectives of 1366, 1372, and 1398 September. Support is at 1340, 1334, and 1319 September, with resistance at 1371, 1380, and 1389 September.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of July 20, 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 7,473 :
: Positions :
: 4,496 3,994 140 100 0 488 1,279 27 569 490 462 :
: Changes from: July 13, 2021 :
: -294 47 -1 0 0 -24 -41 0 11 -325 -11 :
: Percent of Open Interest Represented by Each Category of Trader :
: 60.2 53.5 1.9 1.3 0.0 6.5 17.1 0.4 7.6 6.6 6.2 :
: Number of Traders in Each Category Total Traders: 42 :
: 9 10 . . 0 5 6 . 9 . 5 :
—————————————————————————————————————-

CORN AND OATS:
General Comments: Corn was lower after a sharply lower day on Friday as the forecasts for 11 to 16 days out changed. The European model has added cooler temperatures and rain to the forecasts for the Northern Plains and western Midwest. All forecasts and models call for hot and dry conditions for the next 10 days and the American model continues the hot and dry weather for the following days. The growing conditions in the US are highly variable and not likely to produce trend line yields. Traders are reducing yield estimates from the USDA report of 179.5 bushels per acre to more like 174 bushels per acre and ideas are that more adverse weather could drive yields lower. No one is talking much about increasing yield estimates right now. Ideas are that Brazil Corn production will be less than 90 million tons so reduced production estimates are expected in coming reports. Demand has been poor for UDS Corn with net cancellations showing in the weekly sales report last week. Net sales have been bad for the past several weeks and this has gained the notice of traders. Oats were higher last week as the weather market continues. Hot and dry weather is forecast for the Dakotas and into the Canadian Prairies for the next ten days. Canadian Oats areas look to get some rain after that in the next couple of weeks, but US areas showed mixed conditions in the weekly USDA updates. Longer range forecasts released by NWS call for warmer and drier weather for many important US growing areas this Summer.
Overnight News:
Chart Analysis: Trends in Corn are mixed. Support is at 540, 538, and 535 September, and resistance is at 5755, 568, and 5872 September. Trends in Oats are up with objectives of 485 September. Support is at 455, 440, and 436 September, and resistance is at 465, 467, and 470 September.

COT — Supplemental Report – Option and Futures Combined Positions as of July 20, 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 2,063,723
: Positions :
: 222,020 70,458 537,930 570,446 1,105,528 547,961 118,129 1,878,356 1,832,044: 185,367 231,679
: Changes from: July 13, 2021 (Change in open interest: 8,449) :
: 3,970 -1,999 5,383 1,527 10,017 -2,897 -743 7,983 12,658: 466 -4,208
: Percent of Open Interest Represented by Each Category of Trader :
: 10.8 3.4 26.1 27.6 53.6 26.6 5.7 91.0 88.8: 9.0 11.2
: Total Traders: 864 Number of Traders in Each Category :
: 165 122 197 406 451 55 30 728 712:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of July 20, 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 4,813 :
: Positions :
: 970 3,401 131 0 0 403 280 0 554 11 216 :
: Changes from: July 13, 2021 :
: . . . . . . . . . . . :
: Percent of Open Interest Represented by Each Category of Trader :
: 20.2 70.7 2.7 0.0 0.0 8.4 5.8 0.0 11.5 0.2 4.5 :
: Number of Traders in Each Category Total Traders: 22 :
: 7 7 . 0 0 . . 0 5 . . :
—————————————————————————————————————-

SOYBEANS
General Comments: Soybeans and the products were generally lower last week as the outlook for the weather in 11 to 15 days changed. The European model has added cooler temperatures and rain to the forecasts for the Northern Plains and western Midwest. All forecasts and models call for hot and dry conditions for the next 10 days and the American model continues the hot and dry weather for the following days . There are many areas that do not have good Soybeans in the US. Soybeans conditions in central production area are often too wet and have suffered. The weather forecasts changed to wetter and cooler and the crop needs dry conditions and some heat . Minnesota and northern Iowa and the Dakotas have been very hot and dry but Iowa got very beneficial rain last week. \The longer range forecasts from NWS call for warmer and drier than normal conditions for most Soybeans areas of the US. The forecast is open to change but there is also a lack of demand showing right now. The monthly crush data and weekly export sales reports have been less than expected, so demand is becoming a problem for those traders looking for more upside price action.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed to down with objectives of 1375 and 1321 August. Support is at 1391, 14382, and 1354 August, and resistance is at 1429, 1450, and 1480 August. Trends in Soybean Meal are mixed. Support is at 351.00, 347.00, and 34.100 August, and resistance is at 361.00, 371.00, and 375.00 August. Trends in Soybean Oil mixed. Support is at 6180, 615940, and 5900 August, with resistance at 6630, 6660, and 6820.

COT — Supplemental Report – Option and Futures Combined Positions as of July 20, 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 959,460
: Positions :
: 92,930 57,540 272,473 290,222 487,980 235,710 66,247 891,335 884,240: 68,125 75,220
: Changes from: July 13, 2021 (Change in open interest: 21,961) :
: 9,722 -1,536 1,401 2,312 19,142 3,782 3,868 17,216 22,875: 4,745 -914
: Percent of Open Interest Represented by Each Category of Trader :
: 9.7 6.0 28.4 30.2 50.9 24.6 6.9 92.9 92.2: 7.1 7.8
: Total Traders: 617 Number of Traders in Each Category :
: 159 100 170 228 267 55 23 517 498:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of July 20, 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 567,643
: Positions :
: 60,298 31,730 149,254 167,219 323,273 153,315 36,155 530,086 540,412: 37,557 27,231
: Changes from: July 13, 2021 (Change in open interest: -7,444) :
: 3,114 -3,687 -3,832 -4,469 -445 -3,716 111 -8,904 -7,854: 1,460 410
: Percent of Open Interest Represented by Each Category of Trader :
: 10.6 5.6 26.3 29.5 57.0 27.0 6.4 93.4 95.2: 6.6 4.8
: Total Traders: 294 Number of Traders in Each Category :
: 74 43 74 94 103 41 21 254 210:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of July 20, 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 420,801
: Positions :
: 36,404 28,608 71,409 139,906 275,456 120,405 16,970 368,124 392,443: 52,677 28,358
: Changes from: July 13, 2021 (Change in open interest: 3,709) :
: 2,946 -3,580 1,241 -1,185 3,683 1,133 2,168 4,136 3,512: -427 197
: Percent of Open Interest Represented by Each Category of Trader :
: 8.7 6.8 17.0 33.2 65.5 28.6 4.0 87.5 93.3: 12.5 6.7
: Total Traders: 261 Number of Traders in Each Category :
: 47 41 58 106 99 39 15 222 192:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Palm Oil futures were sharply higher last week on ideas of tight supplies. Futures were higher today on ideas of decreasing production and a weaker Ringgit. Trends are up on the daily and weekly charts. The private surveyors showed less demand for the current month in reports issued last week and futures did dip a bit on the news. The tight supply scenario is keeping the market afloat. Canola closed lower on weather concerns as forecasts call for some shoers in a couple of weeks. It remains generally hot and dry but some relief is in sight at least according to one computer model. The showers have a chance to be very beneficial as the Prairies crops are in big trouble now due to previous and coming hot and dry weather. It will be hot and dry for the next week or two before any relief comes. Demand is not real strong right now. Soybean Oil was lower. Ideas are that demand for bio fuels will hold strong due to the stronger Crude Oil futures.
Overnight News:
Chart Analysis: Trends in Canola are mixed. Support is at 844.00, 836.00, and 807.00 November, with resistance at 932.00, 949.00, and 953.00 November. Trends in Palm Oil are mixed to up with objectives of 4340 October. Support is at 4280, 4140, and 4080 October, with resistance at 4340, 4400, and 4460 October.

DJ Malaysia’s Palm Oil Exports Fell 4.0% in July 1-25, AmSpec Says
Malaysia’s palm oil exports during the July 1-25 period are estimated to have fallen 4.0% on month to 1,127,146 metric tons, cargo surveyor AmSpec Agri Malaysia said Monday.
The following are the major items in the AmSpec estimate:
(All figures in metric tons)
July 1-25 June 1-25
RBD Palm Olein 302,518 342,940
RBD Palm Oil 74,717 66,940
RBD Palm Stearin 98,380 82,400
Crude Palm Oil 256,678 292,830
Total* 1,127,146 1,174,350
*Palm oil product volumes don’t add up to total as some products aren’t included.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of July 20, 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 243,692 :
: Positions :
: 165,495 182,645 8,707 5,892 4,428 30,203 12,623 8,478 5,721 10,921 17,563 :
: Changes from: July 13, 2021 :
: 2,792 5,040 73 27 355 3,699 104 353 575 2,167 1,679 :
: Percent of Open Interest Represented by Each Category of Trader :
: 67.9 74.9 3.6 2.4 1.8 12.4 5.2 3.5 2.3 4.5 7.2 :
: Number of Traders in Each Category Total Traders: 338 :
: 70 74 4 6 4 48 12 8 74 82 37 :
—————————————————————————————————————-

Midwest Weather Forecast: Isolated showers north and west, showers and storms south and east. Temperatures should average near normal.

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
June July May May May
July July July July
August July July July

DJ ICE Canada Cash Grain Close – Jul 23
WINNIPEG — The following are the closing cash
canola prices from ICE Futures.
Source: ICE Futures
Price Basis Contract Change
CANOLA
*Par Region 956.30 75.00 Nov 2021 up 1.40
Basis: Thunder Bay 923.40 40.00 Nov 2021 up 2.10
Basis: Vancouver 953.40 70.00 Nov 2021 up 2.10
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 – July 26
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
Aug 1147.50 +20.00 Unquoted – –
Sept 1027.50 -80.00 Unquoted – –
Oct/Nov/Dec 1047.50 +17.50 Unquoted – –
Jan/Feb/Mar 982.50 +05.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Aug 1150.00 +20.00 Unquoted – –
Sept 1030.00 -80.00 Unquoted – –
Oct/Nov/Dec 1050.00 +17.50 Unquoted – –
Jan/Feb/Mar 985.00 +05.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Aug 1090.00 +10.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Aug 1040.00 +15.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Aug 4,650.00 +90.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Aug 306.00 +02.00 Unquoted – –
($1=MYR4.231)

DJ China Dalian Grain Futures Closing Prices, Volume – Jul 26
Soybean No. 1
Turnover: 229,081 lots, or 13.07 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-21 5,658 5,736 5,628 5,692 5,662 5,688 26 166,755 87,878
Nov-21 5,724 5,778 5,678 5,734 5,712 5,730 18 22,392 85,195
Jan-22 5,740 5,799 5,706 5,759 5,727 5,753 26 15,766 29,170
Mar-22 5,719 5,804 5,707 5,759 5,738 5,765 27 14,191 15,922
May-22 5,794 5,850 5,753 5,793 5,792 5,815 23 328 1,099
Jul-22 5,797 5,854 5,765 5,789 5,793 5,811 18 9,649 2,288
Corn
Turnover: 820,846 lots, or 20.88 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-21 2,531 2,555 2,525 2,544 2,523 2,541 18 569,926 601,470
Nov-21 2,527 2,548 2,525 2,543 2,528 2,536 8 68,421 249,828
Jan-22 2,538 2,560 2,535 2,553 2,539 2,550 11 140,953 274,451
Mar-22 2,546 2,568 2,544 2,566 2,548 2,557 9 30,235 56,360
May-22 2,571 2,593 2,571 2,591 2,579 2,584 5 4,986 17,314
Jul-22 2,592 2,609 2,582 2,609 2,592 2,596 4 6,325 3,407
Soymeal
Turnover: 1,497,696 lots, or 52.57 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Aug-21 3,551 3,551 3,495 3,504 3,573 3,498 -75 98 731
Sep-21 3,580 3,588 3,496 3,503 3,581 3,530 -51 877,331 922,833
Nov-21 3,606 3,617 3,523 3,530 3,608 3,563 -45 42,209 59,636
Dec-21 3,592 3,605 3,520 3,526 3,601 3,549 -52 14,472 31,017
Jan-22 3,570 3,577 3,492 3,497 3,575 3,522 -53 421,708 650,703
Mar-22 3,418 3,424 3,349 3,363 3,432 3,380 -52 64,421 272,031
May-22 3,326 3,335 3,263 3,279 3,337 3,286 -51 74,151 123,807
Jul-22 3,310 3,329 3,251 3,270 3,329 3,270 -59 3,306 6,789
Palm Oil
Turnover: 1,022,205 lots, or 84.11 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Aug-21 – – – 8,666 8,666 8,666 0 0 13
Sep-21 8,348 8,408 8,186 8,366 8,184 8,304 120 866,563 436,441
Oct-21 8,146 8,190 7,992 8,150 7,970 8,092 122 15,955 36,210
Nov-21 8,016 8,044 7,866 7,992 7,848 7,956 108 10,130 39,219
Dec-21 7,868 7,932 7,754 7,896 7,736 7,844 108 11,293 57,128
Jan-22 7,780 7,828 7,666 7,802 7,642 7,756 114 103,184 120,889
Feb-22 7,704 7,770 7,618 7,758 7,590 7,696 106 5,532 8,772
Mar-22 7,680 7,740 7,556 7,710 7,552 7,656 104 5,058 4,169
Apr-22 7,586 7,652 7,464 7,614 7,474 7,568 94 3,674 3,234
May-22 7,438 7,528 7,394 7,512 7,388 7,464 76 772 5,173
Jun-22 7,378 7,468 7,374 7,468 7,334 7,384 50 16 33
Jul-22 7,344 7,500 7,332 7,440 7,346 7,372 26 28 59
Soybean Oil
Turnover: 961,518 lots, or 85.42 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Aug-21 8,870 8,880 8,870 8,880 8,796 8,870 74 113 31
Sep-21 9,024 9,028 8,832 8,968 8,910 8,926 16 779,134 375,043
Nov-21 8,918 8,948 8,756 8,866 8,810 8,832 22 36,560 50,374
Dec-21 8,854 8,856 8,674 8,790 8,742 8,756 14 14,136 72,512
Jan-22 8,800 8,800 8,600 8,702 8,666 8,680 14 117,525 186,490
Mar-22 8,588 8,610 8,458 8,556 8,520 8,534 14 10,656 21,162
May-22 8,400 8,430 8,242 8,312 8,300 8,324 24 1,992 6,042
Jul-22 8,280 8,296 8,190 8,226 8,240 8,228 -12 1,402 4,387
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