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: Wheat was higher as USDA cut its production estimates more than expected by the trade and on fund buying as trends have turned up again on the daily and weekly charts for all three markets. The FSA said that farmers enrolled 48.808 million acres of Wheat into subsidy programs including prevent plant of 282,229 acres/ Dry weather in southern Russia as well as the northern US Great Plains and Canadian Prairies remains a supportive feature in the market. 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. The Russian weather has been good for production in northern and western areas but is still trending dry in southern areas and into Kazakhstan. Some showers are no in the forecast for the drier areas over the next week, then showers and cooler temperatures are in the forecast. The weather in China and Europe is wet and there is potential for reduced quality in Europe. 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 cold front could bring some relief in several days.
Overnight News: The southern Great Plains should get isolated showers. Temperatures should be near to above
normal. Northern areas should see mostly dry conditions. Temperatures will be near normal. The Canadian Prairies should see isolated showers or dry conditions. Temperatures should average near to below normal.
Chart Analysis: Trends in Chicago are up with objectives of 792 and 815 September. Support is at 748, 739, and 730 September, with resistance at 778, 784, and 790 September. Trends in Kansas City are up with objectives of 780 September. Support is at 732, 718, and 702 September, with resistance at 758, 764, and 780 September. Trends in Minneapolis are up with objectives of 957 and 995 September. Support is at 925, 920, and 905 September, and resistance is at 954, 960, and 966 September.

COT — Supplemental Report – Option and Futures Combined Positions as of August 10, 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 476,360
: Positions :
: 54,195 65,076 145,360 69,343 185,557 174,134 34,878 443,031 430,870: 33,329 45,490
: Changes from: August 3, 2021 (Change in open interest: 11,921) :
: 4,738 273 -457 9,808 14,867 -3,903 -3,884 10,186 10,799: 1,735 1,123
: Percent of Open Interest Represented by Each Category of Trader :
: 11.4 13.7 30.5 14.6 39.0 36.6 7.3 93.0 90.5: 7.0 9.5
: Total Traders: 363 Number of Traders in Each Category :
: 96 85 122 74 108 44 23 281 286:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of August 10, 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 253,628
: Positions :
: 58,071 36,200 54,526 42,671 131,893 76,124 8,432 231,392 231,051: 22,236 22,577
: Changes from: August 3, 2021 (Change in open interest: 6,216) :
: 6,528 4,229 -1,565 1,528 4,888 -2,198 -2,268 4,292 5,284: 1,924 932
: Percent of Open Interest Represented by Each Category of Trader :
: 22.9 14.3 21.5 16.8 52.0 30.0 3.3 91.2 91.1: 8.8 8.9
: Total Traders: 247 Number of Traders in Each Category :
: 57 42 65 66 87 36 18 192 186:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 10, 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 85,925 :
: Positions :
: 29,961 58,918 3,849 827 1,289 12,164 233 4,271 4,507 1,652 5,721 :
: Changes from: August 3, 2021 :
: -595 412 47 -1 -39 1,053 -700 -1,286 -9 192 -837 :
: Percent of Open Interest Represented by Each Category of Trader :
: 34.9 68.6 4.5 1.0 1.5 14.2 0.3 5.0 5.2 1.9 6.7 :
: Number of Traders in Each Category Total Traders: 115 :
: 50 48 4 . 4 18 . 5 17 6 13 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 10, 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 22,727 :
: Positions :
: 9,326 18,834 1,350 580 0 8,673 0 800 999 873 857 :
: Changes from: August 3, 2021 :
: 606 -1,992 -2,248 -20 0 -280 0 800 369 216 116 :
: Percent of Open Interest Represented by Each Category of Trader :
: 41.0 82.9 5.9 2.6 0.0 38.2 0.0 3.5 4.4 3.8 3.8 :
: Number of Traders in Each Category Total Traders: 28 :
: 5 16 . . 0 6 0 . . . . :
—————————————————————————————————————-

RICE:
General Comments: Rice closed about unchanged on Friday and higher in reaction to the USDA reports. USDA cut its production estimate and ending stocks estimates. The harvest is now expanding through southern growing areas and as traders got ready for the USDA reports that will be released later this morning. Initial yield reports and quality reports have not been real good. Smut has been reported in Texas but the smut is coming off the grain in the cleaning process. The trends are mixed 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. 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. Asian prices are mostly steady this week.
Overnight News: The Delta should get isolated showers. Temperatures should be near to below normal.
Chart Analysis: Trends are mixed to up with objectives of 1362, 1387, and 1390 September. Support is at 1350, 1341, and 1337 September, with resistance at 1368, 1389, and 1394 September.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 10, 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 8,156 :
: Positions :
: 4,698 5,066 137 100 0 634 1,065 0 433 432 490 :
: Changes from: August 3, 2021 :
: 116 -194 0 0 0 -132 62 0 -46 66 -121 :
: Percent of Open Interest Represented by Each Category of Trader :
: 57.6 62.1 1.7 1.2 0.0 7.8 13.1 0.0 5.3 5.3 6.0 :
: Number of Traders in Each Category Total Traders: 41 :
: 10 13 . . 0 4 6 0 7 . 5 :
—————————————————————————————————————-

CORN AND OATS:
General Comments: Corn was mixed on Friday and higher for the week in reaction to the USDA reports released on Thursday. Trends are up on the charts in reaction to the USDA reports. USDA reduced yields and production estimates much more than the trade had expected. Production in Brazil was also cut significantly. USDA also said that farmers enrolled 90.309 million acres into subsidy programs and included 620,458 acres of prevent plant. 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 could be less than 85 million tons so reduced production estimates are expected in coming reports. Oats were higher as well. The uncertain weather in the northern Great Plains and Canadian Prairies remains the best support for the market. 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.
Overnight News:
Chart Analysis: Trends in Corn are up with objectives of 597, 607, and 615 September. Support is at 550, 544, and 540 September, and resistance is at 579, 589, and 598 September. Trends in Oats are up with objectives of 509 September. Support is at 475, 467, and 458 September, and resistance is at 494, 500, and 506 September.

COT — Supplemental Report – Option and Futures Combined Positions as of August 10, 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 1,973,657
: Positions :
: 234,264 60,608 500,222 546,160 1,067,138 523,493 102,995 1,804,139 1,730,963: 169,519 242,694
: Changes from: August 3, 2021 (Change in open interest: -18,461) :
: 7,703 806 -15,180 4,785 -4,812 -14,004 -3,861 -16,695 -23,046: -1,766 4,585
: Percent of Open Interest Represented by Each Category of Trader :
: 11.9 3.1 25.3 27.7 54.1 26.5 5.2 91.4 87.7: 8.6 12.3
: Total Traders: 840 Number of Traders in Each Category :
: 155 110 182 400 448 56 29 708 688:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 10, 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 4,699 :
: Positions :
: 988 3,061 109 0 0 456 178 0 448 10 277 :
: Changes from: August 3, 2021 :
: -134 38 -1 0 0 32 -38 0 -4 8 16 :
: Percent of Open Interest Represented by Each Category of Trader :
: 21.0 65.1 2.3 0.0 0.0 9.7 3.8 0.0 9.5 0.2 5.9 :
: Number of Traders in Each Category Total Traders: 22 :
: 9 8 . 0 0 . . 0 4 . . :
—————————————————————————————————————-

SOYBEANS
General Comments: Soybeans and products were higher last week in response to positive demand news and the USDA reports that showed production in line with trade estimates. Chart trends remain sideways 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 and parts of central Illinois turned too wet again after some big rains on Thursday night. Soybeans conditions in central production area started the year too wet and have suffered. Minnesota and nod the Dakotas are hot and dry but could get some showers this week. FSA said that US farmers enrolled 85.267 million acres of Soybeans in crop subsidy programs including prevent plant on 316,367 acres..
Overnight News: Unknown destinations bought 132,000 tons of US Soybeans.
Chart Analysis: Trends in Soybeans are mixed. Support is at 1330, 1308, and 1296 September, and resistance is at 1373, 1379, and 1388 September. Trends in Soybean Meal are mixed. Support is at 352.00, 347.00, and 342.00 September, and resistance is at 360.00, 365.00, and 371.00 September. Trends in Soybean Oil mixed. Support is at 6200, 6100, and 6010 September, with resistance at 6390, 6520, and 6650 September.

COT — Supplemental Report – Option and Futures Combined Positions as of August 10, 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 873,847
: Positions :
: 89,095 55,963 226,912 274,135 463,393 226,282 54,532 816,425 800,800: 57,422 73,047
: Changes from: August 3, 2021 (Change in open interest: 6,550) :
: 7,496 -5,556 -2,022 2,565 13,205 -1,052 -222 6,986 5,405: -436 1,145
: Percent of Open Interest Represented by Each Category of Trader :
: 10.2 6.4 26.0 31.4 53.0 25.9 6.2 93.4 91.6: 6.6 8.4
: Total Traders: 598 Number of Traders in Each Category :
: 147 101 150 210 261 55 24 481 476:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of August 10, 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 501,924
: Positions :
: 66,778 37,233 126,162 138,583 291,321 137,040 20,181 468,563 474,897: 33,361 27,027
: Changes from: August 3, 2021 (Change in open interest: -2,402) :
: 1,768 1,065 121 -750 1,744 -4,326 -3,859 -3,187 -928: 785 -1,474
: Percent of Open Interest Represented by Each Category of Trader :
: 13.3 7.4 25.1 27.6 58.0 27.3 4.0 93.4 94.6: 6.6 5.4
: Total Traders: 304 Number of Traders in Each Category :
: 86 48 87 94 99 39 18 264 218:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of August 10, 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 402,359
: Positions :
: 41,485 31,346 62,644 130,964 267,923 117,490 14,795 352,583 376,708: 49,777 25,651
: Changes from: August 3, 2021 (Change in open interest: 3,296) :
: 5,467 -2,950 1,650 -2,208 5,824 -2,391 -171 2,518 4,354: 777 -1,058
: Percent of Open Interest Represented by Each Category of Trader :
: 10.3 7.8 15.6 32.5 66.6 29.2 3.7 87.6 93.6: 12.4 6.4
: Total Traders: 269 Number of Traders in Each Category :
: 51 54 67 102 92 39 17 233 193:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Palm Oil closed higher Friday and for the week. Futures are still 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 867.00, 859.00, and 823.00 November, with resistance at 906.00, 937.00, and 959.00 November. Trends in Palm Oil are up with objectives of 4450 and 4690 November. Support is at 4290, 4190, and 4050 November, with resistance at 4450, 4520, and 4580 November.

DJ Malaysia August 1-15 Palm Oil Exports Down 15.3%, SGS Says
Malaysia’s palm oil exports during the August 1-15 period are estimated down 15.3% on month at 577,972 metric tons, cargo surveyor SGS (Malaysia) Bhd. said Monday.
The following are the major items in the SGS estimate:
(All figures in metric tons)
August 1-15 July 1-15
RBD Palm Olein 168,766 190,930
RBD Palm Oil 40,690 53,005
RBD Palm Stearin 73,814 49,830
Crude Palm Oil 91,526 136,135
Total* 577,972 682,426
*Palm oil product volumes don’t add up to total as some products aren’t included
SGS Malaysia is a division of the Switzerland-based Societe Generale de Surveillance Group.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 10, 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 248,571 :
: Positions :
: 163,433 181,651 8,548 7,843 4,995 36,255 13,390 8,506 4,689 11,956 18,914 :
: Changes from: August 3, 2021 :
: -2,123 960 -12 303 490 2,776 40 -381 -1,037 -1,718 311 :
: Percent of Open Interest Represented by Each Category of Trader :
: 65.7 73.1 3.4 3.2 2.0 14.6 5.4 3.4 1.9 4.8 7.6 :
: Number of Traders in Each Category Total Traders: 318 :
: 68 73 . 8 4 42 16 10 62 81 41 :
—————————————————————————————————————-

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 13
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 908.40 25.00 Nov. 2021 dn 5.60
Basis: Thunder Bay 944.30 50.00 Nov. 2021 up 10.90
Basis: Vancouver 974.30 80.00 Nov. 2021 up 10.90
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 16
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 1185.00 +12.50 Unquoted – –
Sept 1177.50 +15.00 Unquoted – –
Oct/Nov/Dec 1107.50 +20.00 Unquoted – –
Jan/Feb/Mar 1037.50 +10.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Aug 1187.50 +12.50 Unquoted – –
Sept 1180.00 +15.00 Unquoted – –
Oct/Nov/Dec 1110.00 +20.00 Unquoted – –
Jan/Feb/Mar 1040.00 +10.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Aug 1130.00 +10.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Aug 1060.00 +05.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Aug 4,730.00 +60.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Aug 321.00 +01.00 Unquoted – –
($1=MYR4.235)

DJ China Dalian Grain Futures Closing Prices, Volume – Aug 16
Soybean No. 1
Turnover: 330,529 lots, or 19.09 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-21 5,789 5,900 5,725 5,879 5,753 5,806 53 103,228 22,728
Nov-21 5,645 5,848 5,645 5,839 5,648 5,752 104 148,068 110,266
Jan-22 5,682 5,860 5,682 5,859 5,679 5,774 95 65,805 43,241
Mar-22 5,684 5,873 5,684 5,852 5,684 5,775 91 7,285 13,651
May-22 5,773 5,901 5,755 5,898 5,747 5,837 90 817 1,773
Jul-22 5,766 5,886 5,755 5,880 5,739 5,825 86 5,326 3,313
Corn
Turnover: 1,196,982 lots, or 31.22 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-21 2,619 2,635 2,600 2,612 2,614 2,619 5 297,991 195,168
Nov-21 2,601 2,606 2,578 2,590 2,572 2,593 21 95,572 265,003
Jan-22 2,603 2,617 2,585 2,597 2,577 2,602 25 716,915 539,311
Mar-22 2,603 2,625 2,594 2,608 2,584 2,611 27 50,463 66,362
May-22 2,639 2,658 2,634 2,646 2,619 2,647 28 14,768 21,175
Jul-22 2,650 2,669 2,644 2,656 2,628 2,657 29 21,273 4,418
Soymeal
Turnover: 1,633,717 lots, or 59.06 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-21 3,655 3,688 3,646 3,675 3,592 3,668 76 259,955 327,605
Nov-21 3,755 3,755 3,663 3,693 3,604 3,686 82 57,949 82,765
Dec-21 3,631 3,680 3,630 3,662 3,567 3,652 85 42,634 71,596
Jan-22 3,623 3,650 3,604 3,639 3,552 3,627 75 1,104,127 1,189,188
Mar-22 3,471 3,505 3,453 3,494 3,403 3,479 76 61,694 322,492
May-22 3,373 3,406 3,361 3,400 3,315 3,383 68 82,018 200,926
Jul-22 3,351 3,406 3,351 3,398 3,307 3,377 70 16,393 52,046
Aug-22 3,410 3,414 3,362 3,401 3,307 3,387 80 8,947 6,249
Palm Oil
Turnover: 1,465,559 lots, or 12.75 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-21 8,960 9,162 8,870 8,880 8,960 9,010 50 723,428 160,868
Oct-21 8,802 9,030 8,796 8,810 8,748 8,908 160 32,908 73,424
Nov-21 8,532 8,806 8,532 8,596 8,506 8,686 180 17,612 68,456
Dec-21 8,362 8,600 8,360 8,404 8,310 8,490 180 16,157 64,445
Jan-22 8,230 8,488 8,216 8,298 8,168 8,380 212 636,472 324,233
Feb-22 8,090 8,360 8,080 8,170 8,030 8,266 236 13,692 9,428
Mar-22 7,956 8,238 7,956 8,078 7,936 8,152 216 9,360 7,170
Apr-22 7,896 8,118 7,894 7,992 7,846 8,042 196 9,612 5,630
May-22 7,782 8,056 7,782 7,920 7,766 7,972 206 6,274 10,109
Jun-22 7,898 7,900 7,862 7,862 7,672 7,882 210 7 32
Jul-22 7,690 7,868 7,690 7,800 7,632 7,826 194 29 483
Aug-22 7,898 7,898 7,618 7,618 7,632 7,798 166 8 7
Soybean Oil
Turnover: 1,229,569 lots, or 11.36 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-21 9,214 9,504 9,214 9,320 9,208 9,384 176 506,283 158,091
Nov-21 9,248 9,446 9,172 9,266 9,140 9,336 196 53,324 95,868
Dec-21 9,108 9,364 9,090 9,192 9,058 9,248 190 17,844 84,576
Jan-22 8,998 9,252 8,964 9,076 8,928 9,132 204 611,050 397,268
Mar-22 8,768 9,074 8,768 8,904 8,768 8,970 202 22,242 56,195
May-22 8,564 8,868 8,564 8,678 8,554 8,726 172 7,772 16,603
Jul-22 8,444 8,740 8,444 8,608 8,434 8,634 200 8,089 9,654
Aug-22 8,446 8,652 8,446 8,498 8,434 8,556 122 2,965 1,416
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