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 on stronger European futures and ideas of increasing demand potential as world prices rallied on short supplies, especially in Russia. The weekly export sales was poor but did not matter much to the traders. The demand has not been seen here, so the Winter Wheat markets have not been able to do more than hold in a range Dry weather in southern Russia as well as the northern US Great Plains and Canadian Prairies remains a supportive feature in the market although the US and Canada are seeing some showers this week. Crop size estimates in Russia have been reduced and domestic Russian prices are above world prices. 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 but are not expected to help much. The weather in China and Europe is wet and there is potential for reduced quality in Europe. Europe is expecting top yields in some areas but less yield in others and parts of eastern Europe and northern Russia are expecting strong yields.
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 mixed. Support is at 704, 695, and 690 September, with resistance at 732, 735, and 756 September. Trends in Kansas City are mixed. Support is at 695, 688, and 678 September, with resistance at 735, 756, and 764 September. Trends in Minneapolis are mixed. Support is at 905, 891, and 888 September, and resistance is at 936, 954, and 960 September.

COT — Supplemental Report – Option and Futures Combined Positions as of August 24, 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 498,801
: Positions :
: 60,012 79,245 154,124 69,450 180,980 181,830 41,636 465,416 455,985: 33,386 42,816
: Changes from: August 17, 2021 (Change in open interest: 4,392) :
: -5,391 7,544 3,134 5,317 -6,328 935 806 3,996 5,156: 397 -764
: Percent of Open Interest Represented by Each Category of Trader :
: 12.0 15.9 30.9 13.9 36.3 36.5 8.3 93.3 91.4: 6.7 8.6
: Total Traders: 384 Number of Traders in Each Category :
: 99 95 136 85 108 47 22 311 299:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of August 24, 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 259,263
: Positions :
: 65,784 44,784 50,242 42,333 133,266 76,908 9,503 235,266 237,794: 23,997 21,469
: Changes from: August 17, 2021 (Change in open interest: 2,334) :
: 3,570 4,391 1,448 -2,710 -3,427 -408 -17 1,900 2,395: 434 -61
: Percent of Open Interest Represented by Each Category of Trader :
: 25.4 17.3 19.4 16.3 51.4 29.7 3.7 90.7 91.7: 9.3 8.3
: Total Traders: 240 Number of Traders in Each Category :
: 59 34 53 67 87 36 15 189 170:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 24, 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 80,280 :
: Positions :
: 24,744 56,490 3,998 750 1,034 15,932 0 2,211 4,835 1,980 6,707 :
: Changes from: August 17, 2021 :
: -3,421 -3,053 63 -71 -322 904 0 926 580 435 274 :
: Percent of Open Interest Represented by Each Category of Trader :
: 30.8 70.4 5.0 0.9 1.3 19.8 0.0 2.8 6.0 2.5 8.4 :
: Number of Traders in Each Category Total Traders: 116 :
: 47 46 4 . 4 21 0 5 20 7 15 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 24, 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 21,652 :
: Positions :
: 10,968 17,099 1,187 600 125 6,293 0 1,050 584 1,299 827 :
: Changes from: August 17, 2021 :
: 430 -732 -3 0 3 -500 0 -150 -182 290 116 :
: Percent of Open Interest Represented by Each Category of Trader :
: 50.7 79.0 5.5 2.8 0.6 29.1 0.0 4.8 2.7 6.0 3.8 :
: Number of Traders in Each Category Total Traders: 28 :
: 5 15 . . . 6 0 . . . . :
—————————————————————————————————————-

RICE:
General Comments: Rice closed a little lower last week after trading both sides of unchanged. Spreads between September and November were the most active trade. Harvesting continues in Louisiana and Texas. A delayed harvest is expected in Mississippi and Arkansas. The harvest is now expanding through southern growing areas. Initial yield reports and quality reports have been acceptable to many in Texas and are called good in Louisiana. Smut has been reported in Texas but the smut is coming off the grain in the cleaning process. The smut problem appears to be worse around Houston. The harvest pace is expected to be slow due to ongoing showers in both regions and farther into the north. Ideas of average yields are also heard in Arkansas and Mississippi. Growing conditions have been mixed at best with many areas getting too much rain. Chart trends are sideways.
Overnight News: The Delta should get isolated showers. Temperatures should be near to below normal.
Chart Analysis: Trends are mixed. Support is at 1318, 1308, and 1294 September, with resistance at 1344, 1355, and 1358 September

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 24, 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 8,256 :
: Positions :
: 5,074 5,259 137 100 0 688 1,009 1 429 421 470 :
: Changes from: August 17, 2021 :
: 333 18 0 0 0 26 64 1 -36 -48 -3 :
: Percent of Open Interest Represented by Each Category of Trader :
: 61.5 63.7 1.7 1.2 0.0 8.3 12.2 0.0 5.2 5.1 5.7 :
: Number of Traders in Each Category Total Traders: 44 :
: 14 14 . . 0 5 6 . 5 4 4 :
—————————————————————————————————————-

CORN AND OATS:
General Comments: Corn was higher on speculative buying and returned to the middle of the recent trading range on the weekly charts. The weather remains a feature of the trade but is less important now as pollination is done and the Corn is filling kernels and starting to mature. Some forecasts call for improved weather, especially in the northern and western belt. The eastern and southern belt should stay warm and dry. 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. Some showers are in the forecast for the west but it is still hot. 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 last week as the weather remains bad for production even with the crop near or in harvest. 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 around but is too little and too late to materially help crops.
Overnight News: Colombia bought 150,000 tons of US Corn.
Chart Analysis: Trends in Corn are mixed. Support is at 544, 537, and 531 September, and resistance is at 557, 561, and 575 September. Trends in Oats are mixed. Support is at 494, 489, and 475 September, and resistance is at 522, 526, and 532 September.

COT — Supplemental Report – Option and Futures Combined Positions as of August 24, 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 1,985,043
: Positions :
: 247,268 56,944 534,918 537,931 1,056,193 512,449 103,098 1,832,565 1,751,154: 152,477 233,889
: Changes from: August 17, 2021 (Change in open interest: -4,225) :
: -5,685 3,034 21,850 -3,001 -21,126 -5,834 -874 7,331 2,884: -11,556 -7,109
: Percent of Open Interest Represented by Each Category of Trader :
: 12.5 2.9 26.9 27.1 53.2 25.8 5.2 92.3 88.2: 7.7 11.8
: Total Traders: 856 Number of Traders in Each Category :
: 156 115 186 412 454 54 27 719 703:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 24, 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 5,082 :
: Positions :
: 1,150 3,028 109 0 0 484 91 0 514 85 303 :
: Changes from: August 17, 2021 :
: 120 -38 -1 0 0 -67 -43 0 -62 -2 10 :
: Percent of Open Interest Represented by Each Category of Trader :
: 22.6 59.6 2.1 0.0 0.0 9.5 1.8 0.0 10.1 1.7 6.0 :
: Number of Traders in Each Category Total Traders: 25 :
: 8 7 . 0 0 4 . 0 6 . . :
—————————————————————————————————————-

SOYBEANS
General Comments: Soybeans and Soybean Oil were higher last week and Soybean Meal was about unchanged. Funds were the most active traders in all three markets. The market got sold out at lower prices earlier in the week and moved sharply higher at the middle of the week, then held. China bought more shipments of Soybeans last week but demand is still weaker than expected overall. Demand threats mostly surfaced late in the week and were caused by reports that the EPA was about to submit to the White House new bio fuels blending requirements that could call for less bio fuels demand. Crude Oil was up last week, so Soybean Oil was able to rally again. 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. Western and northern areas could get some showers this week, but eastern and southern areas look to stay drier. And will feature warm temperatures as well, although cooler as the week moves on. Soybeans conditions in central production area started the year too wet and have suffered some production losses
Overnight News: China bought 256,000 tons of US Soybeans.
Chart Analysis: Trends in Soybeans are mixed. Support is at 1324, 1312, and 1296 September, and resistance is at 1368, 1388, and 1392 September. Trends in Soybean Meal are mixed. Support is at 347.00, 342.00, and 341.00 September, and resistance is at 359.00, 364.00, and 365.00 September. Trends in Soybean Oil mixed. Support is at 5980, 5870, and 5710 September, with resistance at 6440, 6520, and 6600 September

COT — Supplemental Report – Option and Futures Combined Positions as of August 24, 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 899,684
: Positions :
: 86,837 64,586 224,389 299,995 479,561 234,241 54,274 845,463 822,810: 54,221 76,874
: Changes from: August 17, 2021 (Change in open interest: 21,530) :
: -7,118 2,612 4,584 22,535 5,976 4,290 3,656 24,291 16,828: -2,761 4,702
: Percent of Open Interest Represented by Each Category of Trader :
: 9.7 7.2 24.9 33.3 53.3 26.0 6.0 94.0 91.5: 6.0 8.5
: Total Traders: 618 Number of Traders in Each Category :
: 151 123 169 207 250 56 24 492 499:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of August 24, 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 495,595
: Positions :
: 65,847 33,526 130,158 129,338 287,256 137,678 19,371 463,021 470,312: 32,574 25,283
: Changes from: August 17, 2021 (Change in open interest: -6,509) :
: -1,989 -1,211 3,320 -4,781 -5,352 -680 -457 -4,130 -3,700: -2,378 -2,808
: Percent of Open Interest Represented by Each Category of Trader :
: 13.3 6.8 26.3 26.1 58.0 27.8 3.9 93.4 94.9: 6.6 5.1
: Total Traders: 307 Number of Traders in Each Category :
: 81 50 85 89 105 38 17 257 224:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of August 24, 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 404,589
: Positions :
: 38,223 32,734 69,888 128,716 260,237 116,667 12,456 353,494 375,315: 51,095 29,274
: Changes from: August 17, 2021 (Change in open interest: -3,050) :
: -2,115 5,981 1,710 -487 -13,553 -315 -492 -1,208 -6,355: -1,842 3,305
: Percent of Open Interest Represented by Each Category of Trader :
: 9.4 8.1 17.3 31.8 64.3 28.8 3.1 87.4 92.8: 12.6 7.2
: Total Traders: 262 Number of Traders in Each Category :
: 50 50 70 98 96 37 16 225 198:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Palm Oil closed higher last week on supply concerns. It was lower today as the competing ols were weaker. Exports so far this month have not been strong. 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 as production expectations remain low. 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 although southern areas have been getting some very needed precipitation. 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 884.00, 867.00, and 850.00 November, with resistance at 940.00, 949.00, and 953.00 November. Trends in Palm Oil are mixed. Support is at 4160, 4050, and 3970 November, with resistance at 4430, 4530, and 4580 November.

DJ Statistics Canada Crop Production Report – Aug 30
WINNIPEG – Canada 2021/22 grain/oilseed production estimates.
The results were compiled using model-based data. Source:
Statistics Canada. Production in thousand metric tons, yield
in kg/hectare, area harvested in thousand hectares.
Harvested indic Production
area yield 2021-22 2020-21
AUG FINAL
barley 3,357.0 2,587 7,835.9 10,740.6
edible beans 151.1 N/A N/A 490.0
canaryseed 127.0 N/A N/A 178.2
canola 9,096.7 1,638 14,748.6 19,484.7
chickpeas 75.2 873 63.0 214.4
corn 1,404.5 9,943 13,676.5 13,563.4
faba beans 51.4 1,320 45.0 124.5
flaxseed 415.3 1,039 415.5 578.0
lentils 1,742.5 1,154 1,979.0 2,867.8
mixed grains 132.4 3,036 125.4 233.0
mustard 123.6 663 78.9 98.8
oats 1,385.1 2,722 3,070.1 4,575.8
dry peas 1,545.8 1,742 2,626.7 4,594.3
fall rye* 245.3 N/A N/A 487.8
soybeans 2,153.4 2,723 5,823.4 6,358.5
sugar beets 18.8 N/A N/A 1,066.5
sunflower seed 31.2 N/A N/A 101.3
triticale 55.7 N/A N/A 43.0
all wheat 9,492.6 2,503 22,947.9 35,183.0
durum wheat 2,238.4 1,829 3,998.2 6,571.1
spring wheat 6,667.9 2,498 16,102.3 25,841.5
winter wheat* 545.7 5,306 2,847.2 2,770.4
*Fall rye and winter wheat numbers represent what was
remaining after winterkill.
Source: Commodity News Service Canada (news@marketsfarm.com,
or 204-414-9084)

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 24, 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 255,912 :
: Positions :
: 164,161 189,742 8,875 7,435 5,808 40,528 10,443 8,830 5,078 13,159 19,094 :
: Changes from: August 17, 2021 :
: 3,146 5,318 55 -199 351 746 -1,873 114 -142 689 -277 :
: Percent of Open Interest Represented by Each Category of Trader :
: 64.1 74.1 3.5 2.9 2.3 15.8 4.1 3.5 2.0 5.1 7.5 :
: Number of Traders in Each Category Total Traders: 332 :
: 67 73 . 7 4 48 11 11 79 80 46 :
—————————————————————————————————————-

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
Augustg July July July

DJ ICE Canada Cash Grain Close – Aug 27
WINNIPEG — The following are the closing cash
canola prices from ICE Futures.
Source: ICE Futures
Price Basis Contract Change
CANOLA
*Par Region 939.10 25.00 Nov 2021 dn 0.30
Basis: Thunder Bay 957.70 45.00 Nov 2021 dn 6.40
Basis: Vancouver 994.10 85.00 Nov 2021 up 3.60
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

DJ Malaysian PM Cash Market Prices for Palm Oil – Aug 30
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
Sept 1162.50 -05.00 Unquoted – –
Oct/Nov/Dec 1102.50 -15.00 Unquoted – –
Jan/Feb/Mar 1027.50 -02.50 Unquoted – –
Apr/May/Jun 962.50 -07.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Sept 1165.00 -05.00 Unquoted – –
Oct/Nov/Dec 1105.00 -15.00 Unquoted – –
Jan/Feb/Mar 1030.00 -02.50 Unquoted – –
Apr/May/Jun 965.00 -07.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Sept 1115.00 -05.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Sept 1025.00 -20.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Sept 4,570.00 -30.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Sept 314.00 -01.00 Unquoted – –
($1=MYR4.155)

DJ China Dalian Grain Futures Closing Prices, Volume – Aug 30
Soybean No. 1
Turnover: 233,495 lots, or 13.58 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-21 5,849 5,873 5,732 5,762 5,863 5,778 -85 1,728 3,368
Nov-21 5,888 5,899 5,746 5,762 5,895 5,814 -81 166,341 129,018
Jan-22 5,888 5,889 5,760 5,768 5,887 5,815 -72 44,033 46,261
Mar-22 5,865 5,872 5,753 5,763 5,875 5,805 -70 15,466 18,286
May-22 5,879 5,888 5,789 5,802 5,889 5,842 -47 692 2,116
Jul-22 5,867 5,872 5,780 5,794 5,876 5,821 -55 5,235 4,000
Corn
Turnover: 683,342 lots, or 17.02 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-21 2,574 2,578 2,556 2,556 2,580 2,564 -16 23,384 23,649
Nov-21 2,487 2,504 2,484 2,491 2,495 2,491 -4 73,383 296,194
Jan-22 2,478 2,494 2,472 2,482 2,487 2,481 -6 494,510 811,298
Mar-22 2,496 2,511 2,492 2,503 2,505 2,500 -5 46,868 123,718
May-22 2,538 2,551 2,530 2,534 2,546 2,538 -8 17,811 40,521
Jul-22 2,556 2,563 2,543 2,547 2,558 2,552 -6 27,386 21,558
Soymeal
Turnover: 1,283,646 lots, or 44.89 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-21 3,616 3,665 3,615 3,649 3,624 3,638 14 32,379 30,063
Nov-21 3,610 3,670 3,608 3,660 3,608 3,641 33 66,010 95,626
Dec-21 3,544 3,609 3,540 3,596 3,544 3,577 33 19,900 84,310
Jan-22 3,504 3,545 3,491 3,525 3,504 3,522 18 931,175 1,211,934
Mar-22 3,375 3,405 3,353 3,386 3,365 3,379 14 74,366 364,489
May-22 3,282 3,318 3,276 3,299 3,288 3,300 12 120,605 303,015
Jul-22 3,289 3,315 3,272 3,290 3,285 3,293 8 26,264 71,820
Aug-22 3,346 3,367 3,325 3,347 3,342 3,346 4 12,947 27,141
Palm Oil
Turnover: 1,068,881 lots, or 88.93 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-21 8,902 9,078 8,896 8,914 8,882 8,960 78 7,647 9,090
Oct-21 8,910 9,094 8,896 8,912 8,910 8,974 64 42,200 78,403
Nov-21 8,740 8,904 8,700 8,732 8,740 8,776 36 15,821 82,469
Dec-21 8,502 8,672 8,470 8,482 8,512 8,540 28 26,690 82,247
Jan-22 8,252 8,424 8,186 8,206 8,260 8,282 22 943,638 390,139
Feb-22 8,094 8,256 8,004 8,024 8,086 8,112 26 10,576 13,829
Mar-22 7,968 8,106 7,864 7,884 7,962 7,978 16 9,493 8,769
Apr-22 7,870 7,982 7,776 7,790 7,860 7,872 12 6,398 6,933
May-22 7,772 7,910 7,716 7,726 7,790 7,808 18 6,413 13,946
Jun-22 7,868 7,870 7,636 7,636 7,674 7,802 128 5 29
Jul-22 – – – 7,646 7,680 7,646 -34 0 479
Aug-22 – – – 7,574 7,574 7,574 0 0 10
Soybean Oil
Turnover: 949,368 lots, or 86.44 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-21 9,322 9,474 9,298 9,302 9,362 9,372 10 10,416 16,363
Nov-21 9,318 9,446 9,240 9,248 9,332 9,336 4 67,312 108,517
Dec-21 9,298 9,372 9,178 9,184 9,254 9,266 12 29,402 91,618
Jan-22 9,090 9,224 9,006 9,012 9,090 9,092 2 815,022 468,940
Mar-22 8,880 8,934 8,750 8,762 8,828 8,838 10 11,577 68,967
May-22 8,578 8,682 8,502 8,514 8,574 8,584 10 6,737 44,211
Jul-22 8,446 8,562 8,378 8,380 8,478 8,454 -24 5,160 15,192
Aug-22 8,422 8,530 8,348 8,348 8,448 8,422 -26 3,742 4,744
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