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 closed higher for the week as the weather market continued and this time featured dry weather in southern Russia as well as the northern US Great Plains and Canadian Prairies. Trends in Winter Wheat markets are still up. Crop size estimates in Russia have been reduced and are now well below the latest USDA estimates. It is still forecast to be hot and dry in the Great Plains and Canadian Prairies for the next couple of weeks and Minneapolis remains in a trading range. The market is hearing about too wet weather in China and Europe and dry conditions in southern Russia and Kazakhstan. Europe is expecting top yields as are parts of eastern Europe and northern Russia. It has been very cold in South America and the winter crops are in trouble in Brazil and Paraguay. US White Winter Wheat production is also being hurt by hot and dry weather but a few showers are possible in the region this week. 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 to below
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 695, 690, and 672 September, with resistance at 725, 739, and 749 September. Trends in Kansas City are mixed. Support is at 678, 658, and 649 September, with resistance at 719, 724, and 745 September. Trends in Minneapolis are mixed. Support is at 888, 879, and 859 September, and resistance is at 928, 945, and 954 September.

COT — Supplemental Report – Option and Futures Combined Positions as of August 03, 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 464,439
: Positions :
: 49,457 64,803 145,817 59,535 170,689 178,036 38,762 432,845 420,072: 31,594 44,367
: Changes from: July 27, 2021 (Change in open interest: 39,702) :
: 11,070 -2,839 17,352 1,561 12,830 7,076 9,939 37,059 37,283: 2,643 2,419
: Percent of Open Interest Represented by Each Category of Trader :
: 10.6 14.0 31.4 12.8 36.8 38.3 8.3 93.2 90.4: 6.8 9.6
: Total Traders: 357 Number of Traders in Each Category :
: 104 75 121 73 105 46 23 280 279:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of August 03, 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 247,412
: Positions :
: 51,544 31,971 56,091 41,144 127,005 78,322 10,701 227,100 225,767: 20,312 21,645
: Changes from: July 27, 2021 (Change in open interest: 17,764) :
: 5,844 -21 6,816 671 8,908 3,289 817 16,620 16,519: 1,144 1,244
: Percent of Open Interest Represented by Each Category of Trader :
: 20.8 12.9 22.7 16.6 51.3 31.7 4.3 91.8 91.3: 8.2 8.7
: Total Traders: 246 Number of Traders in Each Category :
: 53 42 63 70 86 36 16 193 182:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 3, 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 88,863 :
: Positions :
: 30,556 58,506 3,802 828 1,328 11,111 933 5,557 4,516 1,460 6,558 :
: Changes from: July 27, 2021 :
: 1,433 2,607 17 298 -16 1,126 -726 -603 661 -576 -32 :
: Percent of Open Interest Represented by Each Category of Trader :
: 34.4 65.8 4.3 0.9 1.5 12.5 1.0 6.3 5.1 1.6 7.4 :
: Number of Traders in Each Category Total Traders: 117 :
: 53 46 4 . 4 19 . 5 20 4 14 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 3, 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 23,664 :
: Positions :
: 8,720 20,825 3,598 600 0 8,953 0 0 629 657 741 :
: Changes from: July 27, 2021 :
: -299 252 -597 0 -250 355 0 -100 189 -727 87 :
: Percent of Open Interest Represented by Each Category of Trader :
: 36.8 88.0 15.2 2.5 0.0 37.8 0.0 0.0 2.7 2.8 3.1 :
: Number of Traders in Each Category Total Traders: 26 :
: 6 15 . . 0 5 0 0 . . . :
—————————————————————————————————————-

RICE:
General Comments: Rice closed lower last week as the harvest is now expanding through southern growing areas. The trends are still down in the market. Traders expect average to weak production. The harvest got started in Texas and southern Louisiana but has been slow in these areas due to rain showers in the region. Both areas have been wet and cloudy this season and average at best yields are expected. Initial reports from Texas suggest that average yields are very optimistic. There have also been some quality problems reported in Texas with smut the major problem. The harvest pace is expected to be slow due to ongoing showers in both regions. Ideas of average yields at best are also heard in Arkansas and Mississippi. 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. 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 down with objectives of 1308, 1304, and 1269 September. Support is at 1310, 1298, and 1293 September, with resistance at 1340, 1348, and 1360 September.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 3, 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 8,284 :
: Positions :
: 4,582 5,260 137 100 0 766 1,003 0 479 366 611 :
: Changes from: July 27, 2021 :
: 39 696 -2 0 0 108 10 -17 -51 -86 110 :
: Percent of Open Interest Represented by Each Category of Trader :
: 55.3 63.5 1.7 1.2 0.0 9.2 12.1 0.0 5.8 4.4 7.4 :
: Number of Traders in Each Category Total Traders: 44 :
: 10 14 . . 0 6 6 0 6 . 6 :
—————————————————————————————————————-

CORN AND OATS:
General Comments: Corn was mixed on Friday and has spent the last two weeks trading inside a narrow trading range. The market is looking ahead to the USDA reports on Thursday that are expected to show yield potential for Corn between 176 and 182 bushels per acre. Demand has improved in the past week, and the weather remains a feature of the trade. Some forecasts call for improved weather, especially in the eastern belt. The growing conditions in the US are highly variable and not likely to produce trend line or record yields. It is still too dry in many areas of the west and drier weather is expected in the east. It should stay hot in the west and cool in the east. Ideas are that Brazil Corn production will be less than 90 million tons so reduced production estimates are expected in coming reports. Oats were higher with the other ag markets and the uncertain weather in the northern Great Plains and Canadian Prairies. Canadian Oats areas and those in the northern Great Plains remain too hot and dry. Some rain is now in the forecast but is too little and too late to materially help crops. 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, 537, and 535 September, and resistance is at 564, 568, and 572 September. Trends in Oats are mixed to up with objectives of 483 September. Support is at 462, 450, and 448 September, and resistance is at 476, 482, and 488 September.

COT — Supplemental Report – Option and Futures Combined Positions as of August 03, 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 1,992,118
: Positions :
: 226,561 59,801 515,403 541,375 1,071,949 537,496 106,857 1,820,834 1,754,010: 171,284 238,109
: Changes from: July 27, 2021 (Change in open interest: 15,396) :
: 8,558 -3,779 18,566 -7,458 -2,687 -3,176 -1,673 16,490 10,426: -1,094 4,970
: Percent of Open Interest Represented by Each Category of Trader :
: 11.4 3.0 25.9 27.2 53.8 27.0 5.4 91.4 88.0: 8.6 12.0
: Total Traders: 842 Number of Traders in Each Category :
: 160 110 183 394 443 55 28 702 689:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 3, 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 4,687 :
: Positions :
: 1,123 3,023 110 0 0 424 216 0 452 2 260 :
: Changes from: July 27, 2021 :
: 6 -390 -20 0 0 27 -6 0 -116 -82 33 :
: Percent of Open Interest Represented by Each Category of Trader :
: 24.0 64.5 2.3 0.0 0.0 9.0 4.6 0.0 9.6 0.0 5.6 :
: Number of Traders in Each Category Total Traders: 21 :
: 7 7 . 0 0 . . 0 4 . . :
—————————————————————————————————————-

SOYBEANS
General Comments: Soybeans were lower for the week and Soybean Meal was a little higher on more forecasts for good production and improved weather along with worries about weaker than expected demand. Trade ideas are that the US national yield can be 50 bushels per acre at minimum and production can be at least 4.2 billion bushels. Demand has started to improve as there were announcements of sales of soybeans last Thursday and Friday. Soybean Oil was lower for the week on demand concerns as there is still little news about new bio fuels mandates. Chart trends remain sideways or down in all three markets. US weather is still a feature in the market as it remains hot in the west and is dry in just about all areas now. Eastern Midwest areas should be cooler. Soybeans conditions in central production area started the year too wet and have suffered. Minnesota and northern Iowa and the Dakotas have been very hot and dry but western Iowa got very beneficial rain over the weekend. Forecasts call for warmer weather this week in the western Midwest and northern Great Plains but cooler than normal in the eastern Midwest, and it should generally be dry. The longer range forecasts from NWS call for warmer and drier than normal conditions for most Soybeans areas of the US.
Overnight News: Unknown destinations bought 104,000 tons of US Soybeans.
Chart Analysis: Trends in Soybeans are mixed to down with objectives of 1287 and 1232 September. Support is at 1331, 1308, and 1296 September, and resistance is at 1351, 1359, and 1366 September. Trends in Soybean Meal are mixed. Support is at 347.00, 342.00, and 339.00 September, and resistance is at 360.00, 365.00, and 371.00 September. Trends in Soybean Oil mixed. Support is at 6090, 65940, and 5870 September, with resistance at 6310, 6390, and 6520 September.

COT — Supplemental Report – Option and Futures Combined Positions as of August 03, 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 867,297
: Positions :
: 81,599 61,519 228,934 271,571 450,188 227,335 54,754 809,439 795,395: 57,859 71,902
: Changes from: July 27, 2021 (Change in open interest: -17,790) :
: -7,003 2,173 -2,206 -4,441 -16,017 -655 -715 -14,306 -16,765: -3,484 -1,025
: Percent of Open Interest Represented by Each Category of Trader :
: 9.4 7.1 26.4 31.3 51.9 26.2 6.3 93.3 91.7: 6.7 8.3
: Total Traders: 599 Number of Traders in Each Category :
: 148 101 161 211 265 54 24 483 489:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of August 03, 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 504,327
: Positions :
: 65,011 36,168 126,041 139,333 289,577 141,366 24,039 471,751 475,826: 32,576 28,501
: Changes from: July 27, 2021 (Change in open interest: -3,851) :
: 5,002 3,619 -1,047 -9,140 -7,877 1,853 620 -3,332 -4,685: -519 834
: Percent of Open Interest Represented by Each Category of Trader :
: 12.9 7.2 25.0 27.6 57.4 28.0 4.8 93.5 94.3: 6.5 5.7
: Total Traders: 301 Number of Traders in Each Category :
: 75 57 76 92 98 40 20 255 213:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of August 03, 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 399,064
: Positions :
: 36,018 34,296 60,994 133,171 262,099 119,881 14,966 350,064 372,354: 49,000 26,709
: Changes from: July 27, 2021 (Change in open interest: 449) :
: -1,064 3,392 -844 3,207 -2,337 1,885 715 3,183 926: -2,734 -477
: Percent of Open Interest Represented by Each Category of Trader :
: 9.0 8.6 15.3 33.4 65.7 30.0 3.8 87.7 93.3: 12.3 6.7
: Total Traders: 261 Number of Traders in Each Category :
: 41 53 58 102 95 39 16 219 190:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Palm Oil closed higher Friday and has developed into a trading range market on ideas of tight supplies due to labor problems. There are just not enough workers in the fields due to Coronavirus restrictions. Production has also been down to more than offset the export losses so prices have trended higher. Canola closed higher last week as damaging weather continues in the Canadian Prairies and northern Great Plains. Production ideas are down due to the extreme weather seen in these areas. It remains generally dry and warm in the Prairies. Some showers in the forecast for this week have no chance to be very beneficial as the Prairies crops are in big trouble now due to previous hot and dry weather and the rains are coming too late.
Overnight News:
Chart Analysis: Trends in Canola are mixed. Support is at 859.00, 823.00, and 807.00 November, with resistance at 906.00, 932.00, and 949.00 November. Trends in Palm Oil are down with objectives of 3965 October. Support is at 4190, 4090, and 4000 October, with resistance at 4370, 4480, and 4500 October.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 3, 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 248,507 :
: Positions :
: 165,556 180,691 8,560 7,540 4,505 33,479 13,351 8,887 5,726 13,674 18,604 :
: Changes from: July 27, 2021 :
: -316 324 -307 182 69 2,731 580 202 616 1,584 432 :
: Percent of Open Interest Represented by Each Category of Trader :
: 66.6 72.7 3.4 3.0 1.8 13.5 5.4 3.6 2.3 5.5 7.5 :
: Number of Traders in Each Category Total Traders: 323 :
: 64 73 . 6 4 44 15 13 70 82 38 :
—————————————————————————————————————-

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 – Aug 6
WINNIPEG — The following are the closing cash canola prices
from ICE Futures.
Source: ICE Futures
1 Canada NCC Best Bid
Price Basis Contract Change
CANOLA
*Par Region 904.40 25.00 Nov. 2021 up 6.60
Basis: Thunder Bay 941.80 50.00 Nov. 2021 up 12.40
Basis: Vancouver 971.80 80.00 Nov. 2021 up 12.40
All prices in Canadian dollars per metric tonne.
*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 – Aug 9
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 1132.50 -10.00 Unquoted – –
Sept 1112.50 -10.00 Unquoted – –
Oct/Nov/Dec 1022.50 -05.00 Unquoted – –
Jan/Feb/Mar 972.50 00.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Aug 1135.00 -10.00 Unquoted – –
Sept 1115.00 -10.00 Unquoted – –
Oct/Nov/Dec 1025.00 -05.00 Unquoted – –
Jan/Feb/Mar 975.00 00.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Aug 1090.00 -05.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Aug 1030.00 -05.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Aug 4,530.00 -70.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Aug 310.00 -02.00 Unquoted – –
($1=MYR4.227)

DJ China Dalian Grain Futures Closing Prices, Volume – Aug 09
Soybean No. 1
Turnover: 272,203 lots, or 15.74 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-21 5,846 5,884 5,711 5,728 5,838 5,789 -49 130,361 35,522
Nov-21 5,841 5,854 5,695 5,705 5,861 5,763 -98 89,459 112,382
Jan-22 5,860 5,869 5,726 5,727 5,861 5,781 -80 34,943 36,127
Mar-22 5,890 5,890 5,731 5,731 5,862 5,791 -71 7,072 14,391
May-22 5,894 5,905 5,789 5,793 5,886 5,816 -70 808 1,391
Jul-22 5,878 5,898 5,780 5,780 5,880 5,828 -52 9,560 3,428
Corn
Turnover: 674,731 lots, or 17.47 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-21 2,603 2,614 2,594 2,604 2,613 2,604 -9 375,017 391,305
Nov-21 2,567 2,575 2,556 2,566 2,579 2,565 -14 59,767 259,050
Jan-22 2,568 2,575 2,556 2,565 2,577 2,565 -12 166,864 337,190
Mar-22 2,576 2,583 2,566 2,572 2,587 2,573 -14 56,570 64,836
May-22 2,608 2,617 2,597 2,606 2,614 2,604 -10 4,014 18,399
Jul-22 2,626 2,626 2,609 2,619 2,629 2,617 -12 12,499 4,283
Soymeal
Turnover: 1,550,205 lots, or 55.22 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Aug-21 – – – 3,625 3,625 3,625 0 0 0
Sep-21 3,599 3,629 3,570 3,617 3,577 3,601 24 667,864 592,115
Nov-21 3,593 3,640 3,585 3,631 3,588 3,611 23 44,336 80,512
Dec-21 3,569 3,611 3,561 3,600 3,567 3,585 18 29,978 70,743
Jan-22 3,544 3,585 3,538 3,572 3,536 3,561 25 664,630 861,936
Mar-22 3,385 3,423 3,380 3,413 3,380 3,400 20 72,633 311,976
May-22 3,315 3,343 3,306 3,335 3,312 3,324 12 57,633 173,070
Jul-22 3,320 3,336 3,305 3,326 3,310 3,319 9 13,131 48,283
Palm Oil
Turnover: 1,158,655 lots, or 9.68 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Aug-21 – – – 9,612 9,612 9,612 0 0 0
Sep-21 8,530 8,690 8,432 8,530 8,424 8,550 126 832,904 298,456
Oct-21 8,242 8,394 8,212 8,328 8,182 8,296 114 22,752 67,730
Nov-21 8,026 8,162 7,994 8,098 7,980 8,070 90 17,815 66,438
Dec-21 7,872 7,986 7,830 7,916 7,830 7,900 70 25,250 67,113
Jan-22 7,780 7,900 7,734 7,848 7,712 7,820 108 229,346 175,052
Feb-22 7,694 7,810 7,644 7,766 7,632 7,728 96 12,728 10,490
Mar-22 7,588 7,744 7,566 7,694 7,558 7,646 88 6,959 7,611
Apr-22 7,548 7,622 7,478 7,588 7,474 7,550 76 8,989 6,730
May-22 7,430 7,504 7,384 7,484 7,392 7,458 66 1,903 6,367
Jun-22 7,330 7,330 7,260 7,260 7,276 7,304 28 6 27
Jul-22 7,304 7,304 7,304 7,304 7,250 7,304 54 3 57
Soybean Oil
Turnover: 935,578 lots, or 82.98 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Aug-21 – – – 8,998 8,998 8,998 0 0 26
Sep-21 8,910 9,050 8,890 8,980 8,874 8,960 86 644,301 251,073
Nov-21 8,896 8,930 8,792 8,874 8,776 8,848 72 37,618 91,390
Dec-21 8,742 8,856 8,716 8,802 8,694 8,776 82 15,210 82,654
Jan-22 8,652 8,736 8,604 8,680 8,574 8,666 92 204,689 246,977
Mar-22 8,450 8,568 8,450 8,530 8,418 8,506 88 20,478 50,277
May-22 8,300 8,390 8,258 8,336 8,230 8,326 96 6,775 13,017
Jul-22 8,182 8,338 8,182 8,276 8,178 8,268 90 6,507 7,384
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