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

DJ CBOT Delivery Intentions: Totals – Sep 7
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
ROUGH RICE September Sep 08, 2021 62 Sep 03, 2021
OATS September Sep 08, 2021 2 Aug 12, 2021
WHEAT September Sep 08, 2021 141 Aug 31, 2021

WHEAT
General Comments: Wheat was mixed, with HRW a little higher and SRW a little lower. Minneapolis was lower but rallied off the lows to close near the bottom of a recent trading range. The weekly export sales was poor once again. The demand has not been seen here, so the Winter Wheat markets have not been able to do more than hold in a range. Hurricane Ida did not reach into most Wheat areas, but could have brought some big rains to some SRW areas. Wheat loading ports in the US are mostly in Texas or the PNW and were not affected. 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. 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. Nigeria bought 327,50 tons of US HRW Wheat.
Chart Analysis: Trends in Chicago are mixed. Support is at 709, 705, and 693 December, with resistance at 732, 745, and 754 December. Trends in Kansas City are mixed. Support is at 711, 6787, and 6585 December, with resistance at 735, 738, and 747 December. Trends in Minneapolis are mixed. Support is at 890, 880, and 875 December, and resistance is at 927, 937, and 950 December.

COT — Supplemental Report – Option and Futures Combined Positions as of August 31, 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 446,666
: Positions :
: 56,132 73,485 123,189 56,166 169,327 180,885 41,044 416,372 407,044: 30,294 39,622
: Changes from: August 24, 2021 (Change in open interest: -52,135) :
: -3,880 -5,760 -30,935 -13,283 -11,653 -945 -592 -49,044 -48,941: -3,092 -3,195
: Percent of Open Interest Represented by Each Category of Trader :
: 12.6 16.5 27.6 12.6 37.9 40.5 9.2 93.2 91.1: 6.8 8.9
: Total Traders: 381 Number of Traders in Each Category :
: 96 98 130 78 110 45 22 297 296:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of August 31, 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 250,744
: Positions :
: 68,078 48,115 47,995 38,452 126,342 75,152 8,473 229,677 230,925: 21,067 19,818
: Changes from: August 24, 2021 (Change in open interest: -8,519) :
: 2,295 3,331 -2,247 -3,881 -6,924 -1,756 -1,029 -5,589 -6,869: -2,930 -1,651
: Percent of Open Interest Represented by Each Category of Trader :
: 27.2 19.2 19.1 15.3 50.4 30.0 3.4 91.6 92.1: 8.4 7.9
: Total Traders: 247 Number of Traders in Each Category :
: 61 41 53 63 84 37 14 188 171:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 31, 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 73,554 :
: Positions :
: 22,635 51,766 3,173 807 703 15,715 0 1,654 4,647 2,177 5,109 :
: Changes from: August 24, 2021 :
: -2,110 -4,724 -824 58 -331 -217 0 -557 -188 197 -1,598 :
: Percent of Open Interest Represented by Each Category of Trader :
: 30.8 70.4 4.3 1.1 1.0 21.4 0.0 2.2 6.3 3.0 6.9 :
: Number of Traders in Each Category Total Traders: 114 :
: 42 41 4 . 4 23 0 4 19 8 14 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 31, 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 19,563 :
: Positions :
: 8,202 14,946 1,150 600 0 7,063 0 1,050 667 1,369 847 :
: Changes from: August 24, 2021 :
: -2,766 -2,153 -37 0 -125 770 0 0 83 70 20 :
: Percent of Open Interest Represented by Each Category of Trader :
: 41.9 76.4 5.9 3.1 0.0 36.1 0.0 5.4 3.4 7.0 4.3 :
: Number of Traders in Each Category Total Traders: 27 :
: 5 15 . . 0 6 0 . . . . :
—————————————————————————————————————-

RICE:
General Comments: Rice closed a little lower last week and the price action has been weak as the harvest makes progress in the south. Harvesting continues in Louisiana and Texas. A delayed harvest is expected in Mississippi and Arkansas. 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 and the problem is considered to be minor. 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.
Overnight News: The Delta should get isolated showers. Temperatures should be near to below normal.
Chart Analysis: Trends are mixed. Support is at 1320, 1308, and 1299 November, with resistance at 1348, 1358, and 1368 November

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 31, 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 8,114 :
: Positions :
: 5,411 4,873 139 100 0 629 1,145 0 427 666 209 :
: Changes from: August 24, 2021 :
: 337 -386 2 0 0 -59 136 -1 -2 244 -261 :
: Percent of Open Interest Represented by Each Category of Trader :
: 66.7 60.1 1.7 1.2 0.0 7.8 14.1 0.0 5.3 8.2 2.6 :
: Number of Traders in Each Category Total Traders: 44 :
: 13 15 . . 0 4 7 0 5 5 4 :
—————————————————————————————————————-

CORN AND OATS:
General Comments: Corn was lower last week on ideas of increasing production and less demand. The trade widely expects USDA to show improved yields in its production estimates next Friday, and planted area is expected to increase as well In the meantime, demand ideas are dropping due to less than hoped for demand at the current time and now because of the effects of Hurricane Ida. The hurricane moved onshore in Louisiana and did extensive damage to the state, including the grain export elevators. The state also lost electrical posser in all affected areas and it will take some time for that to get fixed. Damage assessments for the elevators is expected this week. 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. Ideas are that Brazil Corn production could be less than 85 million tons so reduced production estimates are expected in coming reports. Oats were lower last week as the weather remains bad for production even with the crop near or in harvest.
Overnight News:
Chart Analysis: Trends in Corn are mixed to down with objectives of 516 and 488 December. Support is at 516, 507, and 500 December, and resistance is at 530, 543, and 548 December. Trends in Oats are mixed. Support is at 500, 492, and 480 December, and resistance is at 518, 520, and 531 December.

COT — Supplemental Report – Option and Futures Combined Positions as of August 31, 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 1,806,045
: Positions :
: 244,689 64,945 428,653 503,916 1,005,690 484,322 81,239 1,661,581 1,580,527: 144,464 225,518
: Changes from: August 24, 2021 (Change in open interest: -178,997) :
: -2,578 8,001 -106,265 -34,015 -50,503 -28,127 -21,859 -170,984 -170,627: -8,013 -8,371
: Percent of Open Interest Represented by Each Category of Trader :
: 13.5 3.6 23.7 27.9 55.7 26.8 4.5 92.0 87.5: 8.0 12.5
: Total Traders: 852 Number of Traders in Each Category :
: 157 119 173 382 443 51 25 674 691:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 31, 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 5,048 :
: Positions :
: 1,218 3,062 101 0 0 505 93 0 503 74 279 :
: Changes from: August 24, 2021 :
: 68 34 -8 0 0 21 2 0 -11 -11 -24 :
: Percent of Open Interest Represented by Each Category of Trader :
: 24.1 60.7 2.0 0.0 0.0 10.0 1.8 0.0 10.0 1.5 5.5 :
: Number of Traders in Each Category Total Traders: 26 :
: 9 8 . 0 0 4 . 0 5 . . :
—————————————————————————————————————-

SOYBEANS
General Comments: Soybeans and Soybean Meal were lower and trends are turning down on the weekly charts. Funds were the most active traders in all three markets. The destruction of Gulf port facilities along the Mississippi River near New Orleans was the reason for the big selling. The hurricane moved onshore in Louisiana and did extensive damage to the state, including the grain export elevators. The state also lost electrical posser in all affected areas and it will take some time for that to get fixed. Damage assessments for the elevators is expected this week. Demand has held together despite the export problems. China bought more shipments of Soybeans last week but demand is still weaker than expected overall. USDA will release its production and supply and demand reports this week and the trade widely expects USDA to show more production due to better yields and increased planted area.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed. Support is at 1270, 1269, and 1241 November, and resistance is at 1309, 1325, and 1339 November. Trends in Soybean Meal are down with objectives of 335.00 and 324.00 October. Support is at 334.00, 331.00, and 328.00 October, and resistance is at 344.00, 349.00, and 354.00 October. Trends in Soybean Oil mixed. Support is at 5900, 5750, and 5730 October, with resistance at 6010, 6090, and 6160 October

COT — Supplemental Report – Option and Futures Combined Positions as of August 31, 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 853,399
: Positions :
: 80,598 63,587 203,276 294,971 461,185 221,868 46,831 800,713 774,878: 52,686 78,521
: Changes from: August 24, 2021 (Change in open interest: -46,285) :
: -6,239 -998 -21,114 -5,024 -18,377 -12,373 -7,443 -44,750 -47,932: -1,535 1,647
: Percent of Open Interest Represented by Each Category of Trader :
: 9.4 7.5 23.8 34.6 54.0 26.0 5.5 93.8 90.8: 6.2 9.2
: Total Traders: 586 Number of Traders in Each Category :
: 138 115 163 202 244 51 20 468 475:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of August 31, 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 470,377
: Positions :
: 60,520 34,954 118,623 127,049 274,822 135,577 18,152 441,769 446,551: 28,607 23,825
: Changes from: August 24, 2021 (Change in open interest: -25,218) :
: -5,327 1,428 -11,535 -2,289 -12,434 -2,100 -1,219 -21,252 -23,760: -3,967 -1,458
: Percent of Open Interest Represented by Each Category of Trader :
: 12.9 7.4 25.2 27.0 58.4 28.8 3.9 93.9 94.9: 6.1 5.1
: Total Traders: 309 Number of Traders in Each Category :
: 69 57 82 100 107 39 18 259 227:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of August 31, 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 384,278
: Positions :
: 39,842 41,990 58,566 126,051 243,844 112,292 11,659 336,750 356,059: 47,528 28,219
: Changes from: August 24, 2021 (Change in open interest: -20,311) :
: 1,619 9,257 -11,322 -2,665 -16,393 -4,375 -797 -16,744 -19,256: -3,567 -1,055
: Percent of Open Interest Represented by Each Category of Trader :
: 10.4 10.9 15.2 32.8 63.5 29.2 3.0 87.6 92.7: 12.4 7.3
: Total Traders: 268 Number of Traders in Each Category :
: 48 55 62 106 89 37 16 229 190:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Palm Oil closed lower last week on demand concerns. Exports were not strong last month and the trade expects big ending stocks when MPOB releases its monthly data later this week. There are 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 lower last week as the harvest is getting ready to start. Damaging weather continues in the Canadian Prairies and northern Great Plains but some showers are in the forecast for this week. Production ideas are down due to the extreme weather seen in these areas. It remains generally dry and warm in the Prairies. 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 881.00, 868.00, and 857.00 November, with resistance at 905.00, 909.00, and 940.00 November. Trends in Palm Oil are mixed. Support is at 4150, 4050, and 3970 November, with resistance at 4360, 4430, and 4530 November.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 31, 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 256,389 :
: Positions :
: 164,876 191,067 3,771 7,535 7,132 42,226 4,920 9,569 4,721 13,996 20,703 :
: Changes from: August 24, 2021 :
: 716 1,325 -5,104 100 1,324 1,698 -5,523 739 -357 838 1,610 :
: Percent of Open Interest Represented by Each Category of Trader :
: 64.3 74.5 1.5 2.9 2.8 16.5 1.9 3.7 1.8 5.5 8.1 :
: Number of Traders in Each Category Total Traders: 332 :
: 66 74 . 8 4 48 11 12 76 82 47 :
—————————————————————————————————————-

DJ Canadian Grain Handling Summary
WINNIPEG–The following are Canadian grain handling summary
statistics for the week ended Aug. 29, 2021. Figures in thousands of
metric tons.
Source: Canadian Grain Commission.
Durum
Wheat Wheat Oats Barley Flax Canola Peas Corn Total*
COMMERCIAL STOCKS
This Week 2286.5 539.5 343.1 382.1 22.3 421.6 604.9 80.0 5012.7
Week Ago 2260.1 493.6 343.0 275.0 22.6 407.5 598.6 88.1 4835.9
Year Ago 2322.3 602.0 282.5 335.4 21.5 845.9 514.6 51.6 5605.9
PRODUCER DELIVERIES
This Week 360.6 54.0 50.7 160.1 1.0 112.7 106.6 4.7 912.9
Week Ago 390.7 38.9 54.7 145.1 1.4 106.6 182.1 4.7 987.8
To Date 1128.4 147.3 192.8 374.1 5.3 436.1 630.2 19.3 3184.9
Year Ago 1469.2 270.2 236.7 293.9 13.1 1128.2 749.9 33.9 4601.9
TERMINAL RECEIPTS
This Week 426.3 33.5 0.2 7.6 0.0 23.4 95.9 0.4 645.4
Week Ago 362.0 59.8 7.6 0.0 0.0 45.3 44.7 0.0 530.2
To Date 1726.5 222.0 43.6 7.9 0.7 232.3 152.8 25.8 2516.3
Year Ago 2577.2 357.4 41.4 159.1 16.6 964.1 124.5 10.7 4435.3
EXPORTS
This Week 413.0 20.0 35.3 0.6 0.4 21.2 62.8 0.0 557.1
Week Ago 187.3 28.7 36.7 0.4 3.3 6.2 8.4 0.0 275.7
To Date 1392.4 278.5 120.2 2.9 5.4 205.4 75.6 0.0 2111.6
Year Ago 1789.9 238.9 129.4 161.8 38.2 883.0 81.0 10.1 3493.0
DOMESTIC DISAPPEARANCE
This Week 99.4 2.2 15.6 23.2 0.8 113.2 5.0 13.6 293.2
Week Ago 92.3 6.5 16.1 24.0 0.7 138.1 5.1 17.5 317.0
To Date 375.9 13.6 59.4 89.9 2.8 628.1 17.4 62.5 1334.1
Year Ago 476.5 32.5 46.6 92.4 5.0 824.2 10.5 82.9 1674.0
*Totals include data from other crops not shown including rye, soybeans,
canaryseed, mustard seed, beans, lentils and chickpeas.
Source: Commodity News Service Canada (news@marketsfarm.com, or 204-414-
9084)

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 – Sep 3
WINNIPEG–The following are the closing cash canola prices
from ICE Futures for Sept. 3, 2021.
Source: ICE Futures
CANOLA
1 Canada NCC Best Bid
Spot Price Basis Contract Change
*Par Region 907.50 15.00 Nov 21 up 1.70
Basis: Thunder Bay 926.20 40.00 Nov 21 dn 6.30
Basis: Vancouver 971.20 85.00 Nov 21 dn 6.30
All prices in Canadian dollars per metric ton.
*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 – Sept 7
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Tuesday, 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
Sep 1187.50 +05.00 Unquoted – –
Oct/Nov/Dec 1137.50 +10.00 Unquoted – –
Jan/Feb/Mar 1047.50 +05.00 Unquoted – –
Apr/May/Jun 982.50 +05.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Sep 1190.00 +05.00 Unquoted – –
Oct/Nov/Dec 1140.00 +10.00 Unquoted – –
Jan/Feb/Mar 1050.00 +05.00 Unquoted – –
Apr/May/Jun 985.00 +05.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Sep 1130.00 -05.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Sep 1025.00 00.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Sep 4,650.00 +30.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Sep 318.00 00.00 Unquoted – –
($1=MYR4.155)

DJ China Dalian Grain Futures Closing Prices, Volume – Sep 07
Soybean No. 1
Turnover: 170,406 lots, or 9.95 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-21 – – – 5,797 5,797 5,797 0 0 1,003
Nov-21 5,840 5,865 5,809 5,820 5,837 5,833 -4 121,504 135,268
Jan-22 5,864 5,880 5,830 5,839 5,850 5,852 2 28,993 52,374
Mar-22 5,855 5,868 5,805 5,805 5,839 5,849 10 14,088 19,800
May-22 5,890 5,895 5,850 5,866 5,865 5,872 7 546 2,508
Jul-22 5,867 5,881 5,830 5,846 5,846 5,855 9 5,275 4,633
Corn
Turnover: 531,909 lots, or 13.14 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-21 – – – 2,555 2,565 2,555 -10 0 3,998
Nov-21 2,482 2,496 2,474 2,479 2,487 2,486 -1 59,452 231,928
Jan-22 2,465 2,468 2,455 2,462 2,471 2,462 -9 394,608 891,943
Mar-22 2,478 2,487 2,473 2,484 2,487 2,481 -6 48,319 156,077
May-22 2,517 2,525 2,512 2,517 2,523 2,519 -4 16,546 55,167
Jul-22 2,527 2,535 2,519 2,531 2,529 2,528 -1 12,984 24,185
Soymeal
Turnover: 1,117,512 lots, or 38.83 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-21 3,776 3,983 3,731 3,796 3,776 3,774 -2 75 3,135
Nov-21 3,646 3,721 3,646 3,703 3,661 3,691 30 44,022 102,436
Dec-21 3,584 3,632 3,584 3,630 3,593 3,608 15 6,814 75,404
Jan-22 3,486 3,533 3,481 3,524 3,479 3,506 27 869,371 1,214,148
Mar-22 3,338 3,376 3,325 3,368 3,322 3,344 22 41,571 303,534
May-22 3,245 3,285 3,237 3,278 3,232 3,262 30 117,869 339,706
Jul-22 3,212 3,262 3,212 3,252 3,212 3,236 24 22,033 67,834
Aug-22 3,269 3,317 3,269 3,307 3,263 3,293 30 15,757 30,351
Palm Oil
Turnover: 931,493 lots, or 78.01 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-21 9,498 9,500 9,340 9,350 9,138 9,198 60 242 873
Oct-21 9,014 9,142 8,984 9,074 9,014 9,054 40 25,537 14,890
Nov-21 8,952 9,092 8,928 8,996 8,934 8,984 50 18,443 60,664
Dec-21 8,664 8,828 8,652 8,740 8,662 8,714 52 14,430 60,783
Jan-22 8,326 8,474 8,284 8,392 8,320 8,358 38 821,121 385,276
Feb-22 8,148 8,252 8,054 8,164 8,110 8,142 32 19,407 44,500
Mar-22 7,960 8,090 7,900 8,004 7,942 7,978 36 13,676 14,927
Apr-22 7,816 7,960 7,758 7,888 7,816 7,842 26 9,042 16,324
May-22 7,732 7,814 7,676 7,760 7,726 7,744 18 9,589 19,213
Jun-22 7,586 7,588 7,586 7,588 7,580 7,586 6 2 536
Jul-22 7,550 7,630 7,550 7,630 7,540 7,590 50 2 484
Aug-22 7,414 7,466 7,414 7,466 7,512 7,440 -72 2 384
Soybean Oil
Turnover: 747,471 lots, or 68.44 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-21 9,644 9,718 9,640 9,718 9,504 9,686 182 80 5,849
Nov-21 9,542 9,674 9,542 9,664 9,578 9,604 26 35,182 98,248
Dec-21 9,414 9,494 9,384 9,478 9,406 9,424 18 18,487 75,858
Jan-22 9,198 9,258 9,122 9,206 9,152 9,174 22 637,933 496,728
Mar-22 8,760 8,866 8,760 8,832 8,790 8,806 16 18,070 65,022
May-22 8,504 8,564 8,474 8,538 8,486 8,510 24 22,800 67,128
Jul-22 8,336 8,438 8,326 8,398 8,336 8,362 26 10,418 26,841
Aug-22 8,338 8,384 8,282 8,364 8,300 8,326 26 4,501 12,270
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