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 Summary for September USDA Monthly Cattle on Feed Data
Data from the U.S. Department of Agriculture’s monthly cattle-on-feed report, released at 3:00 p.m. ET Friday, and analysts’ estimates as compiled by the Wall Street Journal. In million head.
Numbers USDA’s Average Range
2021 2020 estimated of analysts’ of analysts’
% of prev yr estimates estimates
On-feed Sep 1 11.234M 11.394M 99 98.1 97.2- 98.7
Placed in Aug 2.104M 2.057M 102 99.5 95.0- 102.8
Marketed in Aug 1.885M 1.892M 100 99.8 99.4- 101.4
Note: USDA rounds its estimates to the nearest whole number.

DJ USDA Hogs and Pigs: U.S. Inventory, By Class, Weight-Sep 24
Hogs and Pigs: Inventory Number by Class, Weight Group,
and Quarter, United States, 2020-2021
=====================================================================
2021 as
Item 2020 2021 percent
of 2020
=====================================================================
==- 1,000 Head ==- percent
March 1 inventory
All hogs and pigs 76,179 73,823 97
Kept for breeding 6,375 6,215 97
Market 69,804 67,608 97
Market hogs and pigs by weight groups
Under 50 pounds 21,571 20,178 94
50-119 pounds 19,353 19,138 99
120-179 pounds 15,086 14,775 98
180 pounds and over 13,793 13,516 98
June 1 inventory
All hogs and pigs 77,364 74,403 96
Kept for breeding 6,326 6,220 98
Market 71,038 68,183 96
Market hogs and pigs by weight groups
Under 50 pounds 22,110 21,474 97
50-119 pounds 19,890 19,349 97
120-179 pounds 15,240 14,370 94
180 pounds and over 13,797 12,989 94
September 1 inventory
All hogs and pigs 78,434 75,352 96
Kept for breeding 6,333 6,190 98
Market 72,101 69,162 96
Market hogs and pigs by weight groups
Under 50 pounds 23,144 21,855 94
50-119 pounds 21,020 19,751 94
120-179 pounds 14,867 14,656 99
180 pounds and over 13,069 12,899 99
December 1 inventory
All hogs and pigs 76,822
Kept for breeding 6,176
Market 70,646
Market hogs and pigs by weight groups
Under 50 pounds 21,499
50-119 pounds 20,110
120-179 pounds 15,346
180 pounds and over 13,690
=====================================================================

WHEAT
General Comments: Wheat was higher in all three markets last week as trends started to turn up on the daily and weekly charts. The weekly export sales report showed average sales but there is more talk that Russia would severely restrict Wheat exports due to production lost to drought. Production is less this year and internal prices have been strong. 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 weather has become old news. The Russian weather has been good for production in northern and western areas but is still trending dry in southern areas and into Kazakhstan. Siberian Spring Wheat conditions have been very good. 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. European quality is a problem due to too much rain in some areas and not enough in others.
Overnight News: The southern Great Plains should get mostly dry conditions. Temperatures should be above normal. Northern areas should see mostly dry conditions . Temperatures will be above normal. The Canadian Prairies should see mostly dry conditions. Temperatures should average above normal.
Chart Analysis: Trends in Chicago are up with objectives of 728, 738, and 769 December. Support is at 707, 701, and 686 December, with resistance at 733, 745, and 772 December. Trends in Kansas City are mixed to up with objectives of 728, 747, and 784 December. Support is at 707, 702, and 686 December, with resistance at 723, 730, and 735 December. Trends in Minneapolis are up with objectives of 921, 926, and 938 December. Support is at 895, 880, and 862 December, and resistance is at 923, 933, and 9250 December.

COT — Supplemental Report – Option and Futures Combined Positions as of September 21, 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 431,266
: Positions :
: 36,928 68,373 124,805 63,264 152,884 175,218 43,736 400,215 389,798: 31,052 41,469
: Changes from: September 14, 2021 (Change in open interest: -3,000) :
: -6,500 -3,306 1,413 523 -1,271 -358 -370 -4,922 -3,534: 1,922 533
: Percent of Open Interest Represented by Each Category of Trader :
: 8.6 15.9 28.9 14.7 35.4 40.6 10.1 92.8 90.4: 7.2 9.6
: Total Traders: 354 Number of Traders in Each Category :
: 94 86 126 77 105 44 24 284 282:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of September 21, 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 244,081
: Positions :
: 61,221 48,138 51,442 39,055 114,245 71,142 9,068 222,860 222,894: 21,221 21,187
: Changes from: September 14, 2021 (Change in open interest: 321) :
: 686 457 463 -488 -2,530 -840 408 -179 -1,200: 501 1,522
: Percent of Open Interest Represented by Each Category of Trader :
: 25.1 19.7 21.1 16.0 46.8 29.1 3.7 91.3 91.3: 8.7 8.7
: Total Traders: 251 Number of Traders in Each Category :
: 62 47 63 66 81 37 15 195 181:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 21, 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 77,451 :
: Positions :
: 26,031 53,570 2,987 940 871 13,007 335 2,516 9,824 3,035 5,592 :
: Changes from: September 14, 2021 :
: -147 40 334 -16 57 -333 -75 241 736 8 97 :
: Percent of Open Interest Represented by Each Category of Trader :
: 33.6 69.2 3.9 1.2 1.1 16.8 0.4 3.2 12.7 3.9 7.2 :
: Number of Traders in Each Category Total Traders: 123 :
: 48 47 4 . 4 20 . 8 17 9 12 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 21, 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 15,142 :
: Positions :
: 9,597 10,558 946 0 379 1,230 2,947 0 1,829 343 458 :
: Changes from: September 14, 2021 :
: 504 -191 -295 0 -5 -380 200 0 267 -27 -87 :
: Percent of Open Interest Represented by Each Category of Trader :
: 63.4 69.7 6.2 0.0 2.5 8.1 19.5 0.0 12.1 2.3 3.0 :
: Number of Traders in Each Category Total Traders: 23 :
: 6 12 . 0 . 4 . 0 . . . :
—————————————————————————————————————-

RICE:
General Comments: Rice closed higher last week on what appeared to be commercial buying. November futures finally broke strong resistance at 1380 and closed above that level for the last few days and this is considered a positive technical sign for prices. The first crop has been largely harvested in Texas and in Louisiana, but the second crop s still in the field and is still at risk of loss in both states. Harvesting will start to wind down in both states now. Mississippi and Arkansas producers are at harvest now. Yield reports and quality reports have been acceptable to many in Texas and are called good in Louisiana. The reports have been good in both Arkansas and Mississippi.
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 1408 and 1436 November. Support is at 1380, 1369, and 1364 November, with resistance at 1401, 1406, and 1410 November.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 21, 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 8,888 :
: Positions :
: 5,301 5,755 137 100 0 1,154 1,047 1 604 776 337 :
: Changes from: September 14, 2021 :
: -267 832 -3 0 0 598 -342 1 132 54 131 :
: Percent of Open Interest Represented by Each Category of Trader :
: 59.6 64.8 1.5 1.1 0.0 13.0 11.8 0.0 6.8 8.7 3.8 :
: Number of Traders in Each Category Total Traders: 52 :
: 14 16 . . 0 9 5 . 6 8 5 :
—————————————————————————————————————-

CORN AND OATS:
General Comments: Corn was near unchanged for the week and is breaking out to the upside on the daily charts even with ideas of expanding harvest progress and weaker demand. Trends remain down on the weekly charts. Traders are now waiting on the harvest and yield reports but the gut slot of the harvest is still a week away. Ideas are that the yield reports will be high and will confirm the USDA production estimates or even find better yields. However, there have been reports of diseases in Illinois fields so record production might not happen in that state. Initial yield reports have been mixed, with some lower yields reported due to disease. There are still the drought reduced crops in the northwestern Corn Belt and northern Great Plains to be counted as well. Most of the elevators along the Mississippi are starting to export again which is good news for nearby demand. New Orleans area elevators are now reported to be about 50% open. Electricity has been restored and the elevators are transloading grain if they are not fully open yet. The weather remains a feature of the trade but is less important now as the Corn is filling kernels and starting to mature. The EPA could ask the Biden Administration to reduce its blending requirement for Ethanol and could cut Corn demand in a significant way. Ideas are that Brazil Corn production could be less than 85 million tons so reduced production estimates are expected in coming reports. Oats are sharply higher on reduced Canadian production estimates. A large part of the US Oats consumption is fed by Canadian Oats.
Overnight News:
Chart Analysis: Trends in Corn are mixed to up with objectives of 547 and 573 December. Support is at 523, 513, and 504 December, and resistance is at 531, 537, and 543 December. Trends in Oats are up with objectives of 597 and 636 December. Support is at 564, 558, and 537 December, and resistance is at 590, 594, and 600 December.

COT — Supplemental Report – Option and Futures Combined Positions as of September 21, 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 1,825,578
: Positions :
: 228,451 69,237 442,053 533,596 996,380 466,194 87,632 1,670,294 1,595,301: 155,284 230,276
: Changes from: September 14, 2021 (Change in open interest: 6,094) :
: -281 -5,546 2,189 -689 1,854 1,062 3,963 2,280 2,461: 3,814 3,633
: Percent of Open Interest Represented by Each Category of Trader :
: 12.5 3.8 24.2 29.2 54.6 25.5 4.8 91.5 87.4: 8.5 12.6
: Total Traders: 839 Number of Traders in Each Category :
: 156 110 185 390 440 52 26 683 692:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 21, 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 4,839 :
: Positions :
: 1,207 2,508 94 168 0 490 120 0 564 83 256 :
: Changes from: September 14, 2021 :
: 37 -201 -2 168 0 -30 -32 0 71 59 -7 :
: Percent of Open Interest Represented by Each Category of Trader :
: 24.9 51.8 1.9 3.5 0.0 10.1 2.5 0.0 11.6 1.7 5.3 :
: Number of Traders in Each Category Total Traders: 27 :
: 9 7 . . 0 4 . 0 6 . . :
—————————————————————————————————————-

SOYBEANS
General Comments: Soybeans and Soybean Oil closed higher Friday despite the approaching harvest, but Soybean Meal was lower. The weekly charts show down trends for all three markets. The debt ceiling fight in Congress and Chinese demand is supportive. People are worried about the taper away from debt by the Fed and how that will go as well. Harvest will soon be underway for Soybeans. The destruction of Gulf port facilities along the Mississippi River near New Orleans was still a factor in the trade but the elevators are coming on line and exports are increasing slowly. The hurricane moved onshore in Louisiana a week ago and did extensive damage to the state, including the grain export elevators. The state also lost electrical posser in all affected areas but power to the export elevators is being restored. China was the major buyer of US Soybeans in the weekly report even with cancellations showing. The demand news was positive for prices even through sales were down from the previous week and are less than the previous year.
Overnight News: China bought 334,000 tons of US Soybeans.
Chart Analysis: Trends in Soybeans are mixed. Support is at 1271, 1262, and 1258 November, and resistance is at 1290, 1309, and 1325 November. Trends in Soybean Meal are mixed. Support is at 333.00, 331.00, and 328.00 October, and resistance is at 341.00, 344.00, and 349.00 October. Trends in Soybean Oil are mixed. Support is at 5670, 5550, and 5420 October, with resistance at 5850, 5950, and 6010 October

COT — Supplemental Report – Option and Futures Combined Positions as of September 21, 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 857,135
: Positions :
: 67,282 62,718 216,863 300,068 448,490 217,810 48,135 802,023 776,205: 55,112 80,930
: Changes from: September 14, 2021 (Change in open interest: 11,875) :
: -5,594 4,681 6,030 13,843 2,236 -2,620 -3,507 11,659 9,440: 216 2,435
: Percent of Open Interest Represented by Each Category of Trader :
: 7.8 7.3 25.3 35.0 52.3 25.4 5.6 93.6 90.6: 6.4 9.4
: Total Traders: 606 Number of Traders in Each Category :
: 122 135 176 217 257 53 19 493 496:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of September 21, 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 445,944
: Positions :
: 56,708 42,368 98,248 128,413 259,510 135,078 21,240 418,447 421,366: 27,497 24,578
: Changes from: September 14, 2021 (Change in open interest: -54) :
: -1,443 5,736 391 -227 -10,105 1,789 2,145 509 -1,833: -563 1,779
: Percent of Open Interest Represented by Each Category of Trader :
: 12.7 9.5 22.0 28.8 58.2 30.3 4.8 93.8 94.5: 6.2 5.5
: Total Traders: 316 Number of Traders in Each Category :
: 72 63 81 103 107 37 19 260 230:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of September 21, 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 406,065
: Positions :
: 35,497 56,552 83,197 130,199 220,287 104,760 15,537 353,652 375,574: 52,413 30,491
: :
: Changes from: September 14, 2021 (Change in open interest: 4,505) :
: -2,845 -5,967 8,978 -3,032 -819 -1,424 1,439 1,676 3,631: 2,828 874
: :
: Percent of Open Interest Represented by Each Category of Trader :
: 8.7 13.9 20.5 32.1 54.2 25.8 3.8 87.1 92.5: 12.9 7.5
: :
: Total Traders: 287 Number of Traders in Each Category :
: 48 63 73 108 96 36 18 243 211:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Palm Oil closed higher last week on ideas of reduced production. It was lower today in response to a new round of export data. The weekly chart trends are sideways. Export volumes were up very significantly for Malaysia for the month so far. Ideas of strong export demand, especially from India, kept futures higher today. Exports were not strong last month and the trade saw big ending stocks when MPOB released its monthly data last week. Ideas are that Palm Oil got too expensive when compared to the other vegetable oils markets. 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 higher on Chicago price action as the harvest is underway amid good conditions in the Prairies. The weekly chart trends are sideways. 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.
Overnight News:
Chart Analysis: Trends in Canola are mixed. Support is at 874.00, 866.00, and 854.00 November, with resistance at 888.00, 900.00, and 902.00 November. Trends in Palm Oil are up with objective of 4700 and 5050 December. Support is at 4340, 4200, and 4040 December, with resistance at 4500, 4560, and 4620 December.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 21, 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 232,973 :
: Positions :
: 145,957 175,676 1,487 7,666 6,971 42,876 4,186 10,325 4,453 9,014 17,773 :
: Changes from: September 14, 2021 :
: -9,149 -7,884 -4 -384 -12 -14 457 -113 -272 -2,466 -885 :
: Percent of Open Interest Represented by Each Category of Trader :
: 62.6 75.4 0.6 3.3 3.0 18.4 1.8 4.4 1.9 3.9 7.6 :
: Number of Traders in Each Category Total Traders: 306 :
: 68 66 . 7 5 48 9 11 69 70 43 :
—————————————————————————————————————-

Midwest Weather Forecast: Isolated to scattered showers north and east, otherwise mostly dry conditions. Temperatures should average above normal in the west and near to above normal in the east.

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 – Sep 24
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 876.90 0.00 Nov. 2021 up 9.50
Basis: Thunder Bay 937.90 50.00 Nov. 2021 up 11.00
Basis: Vancouver 967.90 80.00 Nov. 2021 up 11.00
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 – Sept 27
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
Oct 1192.50 00.00 Unquoted – –
Nov 1182.50 00.00 Unquoted – –
Dec 1157.50 00.00 Unquoted – –
Jan/Feb/Mar 1075.00 -05.00 Unquoted – –
Apr/May/Jun 987.50 00.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Oct 1195.00 00.00 Unquoted – –
Nov 1185.00 00.00 Unquoted – –
Dec 1160.00 00.00 Unquoted – –
Jan/Feb/Mar 1077.50 -05.00 Unquoted – –
Apr/May/Jun 990.00 00.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Oct 1155.00 +05.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Oct 1050.00 +05.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Oct 4,660.00 -10.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Oct 332.00 00.00 Unquoted – –
($1=MYR4.186)

DJ China Dalian Grain Futures Closing Prices, Volume – Sep 27
Soybean No. 1
Turnover: 271,990 lots, or 16.27 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-21 6,066 6,084 5,900 5,906 6,023 5,977 -46 185,624 135,369
Jan-22 6,066 6,081 5,925 5,930 6,034 5,991 -43 68,804 64,026
Mar-22 6,042 6,056 5,909 5,919 6,008 5,992 -16 10,702 24,706
May-22 6,020 6,033 5,913 5,913 5,990 5,969 -21 1,849 4,100
Jul-22 5,984 5,990 5,888 5,888 5,954 5,948 -6 4,803 6,357
Sep-22 5,479 5,954 5,479 5,836 5,914 5,822 -92 208 103
Corn
Turnover: 660,478 lots, or 1.64 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-21 2,476 2,487 2,463 2,477 2,484 2,475 -9 61,303 148,405
Jan-22 2,485 2,491 2,465 2,481 2,485 2,478 -7 506,820 915,759
Mar-22 2,501 2,511 2,487 2,501 2,506 2,500 -6 46,743 175,481
May-22 2,531 2,536 2,513 2,529 2,531 2,526 -5 29,195 98,651
Jul-22 2,544 2,544 2,523 2,536 2,540 2,535 -5 16,082 38,934
Sep-22 2,543 2,546 2,526 2,539 2,541 2,536 -5 335 956
Soymeal
Turnover: 1,296,582 lots, or 45.23 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-21 3,776 3,819 3,752 3,817 3,814 3,783 -31 84,768 99,419
Dec-21 3,670 3,697 3,641 3,695 3,708 3,674 -34 12,539 84,011
Jan-22 3,510 3,539 3,487 3,538 3,527 3,516 -11 967,720 1,242,631
Mar-22 3,299 3,331 3,292 3,326 3,318 3,311 -7 31,991 293,391
May-22 3,224 3,262 3,220 3,258 3,232 3,243 11 153,764 370,070
Jul-22 3,200 3,239 3,199 3,236 3,208 3,219 11 13,953 72,278
Aug-22 3,257 3,295 3,253 3,292 3,267 3,275 8 28,140 36,484
Sep-22 3,251 3,290 3,251 3,287 3,263 3,273 10 3,707 6,201
Palm Oil
Turnover: 1,028,031 lots, or 89.04 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Oct-21 9,598 9,696 9,490 9,490 9,490 9,606 116 453 1,904
Nov-21 9,412 9,458 9,292 9,298 9,344 9,376 32 20,033 46,318
Dec-21 9,110 9,170 8,982 8,986 9,042 9,072 30 35,339 64,983
Jan-22 8,682 8,756 8,566 8,580 8,648 8,664 16 907,757 457,031
Feb-22 8,382 8,466 8,296 8,310 8,372 8,386 14 19,944 55,927
Mar-22 8,210 8,306 8,132 8,144 8,192 8,216 24 14,344 16,913
Apr-22 8,058 8,160 7,986 7,992 8,032 8,072 40 8,965 19,901
May-22 7,942 8,048 7,868 7,878 7,920 7,952 32 20,813 26,390
Jun-22 7,888 7,900 7,868 7,900 7,792 7,882 90 9 543
Jul-22 – – – 7,828 7,828 7,828 0 0 472
Aug-22 7,616 7,750 7,590 7,616 7,624 7,634 10 311 3,044
Sep-22 7,586 7,660 7,538 7,538 7,596 7,582 -14 63 176
Soybean Oil
Turnover: 1,012,589 lots, or 92.72 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-21 9,700 9,740 9,562 9,562 9,656 9,674 18 35,909 60,470
Dec-21 9,550 9,550 9,354 9,354 9,436 9,478 42 31,400 67,868
Jan-22 9,210 9,254 9,080 9,090 9,166 9,190 24 831,560 506,048
Mar-22 8,816 8,914 8,758 8,758 8,784 8,840 56 17,437 83,941
May-22 8,596 8,742 8,548 8,588 8,572 8,660 88 73,984 100,958
Jul-22 8,512 8,602 8,396 8,524 8,426 8,496 70 13,307 34,365
Aug-22 8,430 8,568 8,378 8,440 8,320 8,470 150 8,874 20,087
Sep-22 8,372 8,508 8,340 8,400 8,308 8,432 124 118 146
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