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 – Nov 1
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
ROUGH RICE November Nov 02, 2021 157 Oct 29, 2021
SOYBEAN November Nov 02, 2021 917 Oct 28, 2021

DJ Brazil Soybean Planting Pace Will Allow Good Winter Corn Crop — Market Talk
0904 ET – Brazilian farmers are advancing rapidly with their soybean planting work, which should give many of them enough time to harvest and then to plant their winter corn crop during a favorable window early next year, according to agricultural consultancy AgRural. As of Oct. 28, farmers had finished planting on 52% of the area AgRural estimates will be sown with the oilseeds, up from 38% a week earlier and compared with 42% the same date a week earlier. Abundant and regular rains in October have permitted producers to move quickly, though in some parts of Parana state there was even an excess of precipitation, AgRural said. (jeffrey.lewis@wsj.com)

WHEAT
General Comments: Wheat closed mixed on Friday and trends are still up in all three markets. The markets were all higher for the week. Minneapolis Spring Wheat was the leader and is in a post harvest rally that has been very impressive. Ideas that the US will have good demand for Wheat as the rest of the northern hemisphere is short production this year. Offer volumes are down from both Russia and Europe. 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 and is finally starting to improve in southern areas and into Kazakhstan in time for the next crop. 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. Speculators keep talking about inflation and are buying commodities for an inflation trade.
Overnight News: The southern Great Plains should get mostly dry conditions or isolated showers. Temperatures should trend from below to above normal. Northern areas should see isolated showers or dry conditions. Temperatures will trend from below to above normal. The Canadian Prairies should see isolated showers or dry conditions. Temperatures should trend from below to above normal.
Chart Analysis: Trends in Chicago are up with objectives of 781, 785, and 807 December. Support is at 763, 745, and 744 December, with resistance at 782, 788, and 794 December. Trends in Kansas City are up with no objectives. Support is at 767, 764, and 761 December, with resistance at 800, 806, and 812 December. Trends in Minneapolis are up with no objectives. Support is at 1032, 1021, and 1008 December, and resistance is at 1047, 1050, and 1056 December.

COT — Supplemental Report – Option and Futures Combined Positions as of October 26, 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 495,860
: Positions :
: 52,277 81,503 157,710 75,150 159,526 175,811 53,261 460,948 452,000: 34,912 43,861
: Changes from: October 19, 2021 (Change in open interest: 8,800) :
: 7,091 -5,580 6,619 -4,097 5,841 -1,465 1,335 8,147 8,215: 653 586
: Percent of Open Interest Represented by Each Category of Trader :
: 10.5 16.4 31.8 15.2 32.2 35.5 10.7 93.0 91.2: 7.0 8.8
: Total Traders: 386 Number of Traders in Each Category :
: 117 88 138 84 107 45 27 316 304:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of October 26, 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 264,135
: Positions :
: 72,547 45,642 56,072 39,982 127,435 71,305 12,367 239,906 241,516: 24,229 22,619
: Changes from: October 19, 2021 (Change in open interest: 1,823) :
: 4,100 177 366 -4,989 755 1,758 363 1,235 1,661: 588 162
: Percent of Open Interest Represented by Each Category of Trader :
: 27.5 17.3 21.2 15.1 48.2 27.0 4.7 90.8 91.4: 9.2 8.6
: Total Traders: 262 Number of Traders in Each Category :
: 75 45 72 61 84 37 16 208 189:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 26, 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 82,403 :
: Positions :
: 23,722 58,108 2,931 1,337 752 16,512 0 2,493 12,539 2,592 5,682 :
: Changes from: October 19, 2021 :
: -1,646 919 -12 49 134 146 -46 3 1,081 -655 -3 :
: Percent of Open Interest Represented by Each Category of Trader :
: 28.8 70.5 3.6 1.6 0.9 20.0 0.0 3.0 15.2 3.1 6.9 :
: Number of Traders in Each Category Total Traders: 121 :
: 45 54 4 . 4 24 0 6 14 8 11 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 26, 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 14,299 :
: Positions :
: 5,687 10,919 29 1,200 277 5,760 0 315 784 0 1,122 :
: Changes from: October 19, 2021 :
: -655 1,062 -89 200 -111 952 0 -252 306 -438 435 :
: Percent of Open Interest Represented by Each Category of Trader :
: 39.8 76.4 0.2 8.4 1.9 40.3 0.0 2.2 5.5 0.0 7.8 :
: Number of Traders in Each Category Total Traders: 25 :
: . 14 . . . 5 0 . . 0 . :
—————————————————————————————————————-

RICE:
General Comments: : Rice was a little lower in consolidation trading on Friday and a little lower for the week. Short term down trends are on the charts but the chart show limited potential for more selling to be effective and ideas are that a bottom could come with the current test of support. Weekly chart trends are sideways to down. Ideas are that demand is not yet strong enough to take up the supply available to the market. The crop has been largely harvested in all states. 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 although there have been some milling problems as milling yields have been generally low.
Overnight News: The Delta should get mostly dry conditions or isolated showers. Temperatures should be near to above normal.
Chart Analysis: Trends are mixed. Support is at 1354, 1345, and 1338 January and resistance is at 1367, 1372, and 1379 January.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 26, 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 8,494 :
: Positions :
: 4,917 5,129 134 100 0 1,127 1,039 8 480 791 434 :
: Changes from: October 19, 2021 :
: 147 -1,119 0 0 0 -477 414 8 -71 -39 90 :
: Percent of Open Interest Represented by Each Category of Trader :
: 57.9 60.4 1.6 1.2 0.0 13.3 12.2 0.1 5.7 9.3 5.1 :
: Number of Traders in Each Category Total Traders: 51 :
: 14 18 . . 0 6 7 . 4 8 6 :
—————————————————————————————————————-

CORN AND OATS:
General Comments: Corn and Oats closed higher on Friday and for the week. Oats were higher on a lack of supply available to the market from the northern US Great Plains and the Canadian Prairies while Corn is still finding some support from strong ethanol demand. Export demand was not strong last week but has been improved in recent reports. Trends are up on the daily and weekly charts for both markets. Traders keep talking about new demand for the market from exporters and noted that the demand for ethanol production was very strong. Demand will be an increasing feature in the trade moving forward as the harvest moves to completion sometime next month. Initial yield reports have been mixed but good, with some lower yields reported due to disease but some higher than expected yields reported in western areas. Farmers are reported to be limited sellers at best. Most of the elevators along the Mississippi are exporting again which is good news for nearby demand. There are a lot of ideas that production and planted and harvested area will be significantly less next year due to the lack of fertilizers available and the cost of production. The Oats market knows that supplies will continue to be tight due to a drought in the northern Great Plains and Canada. There will not be much in the way of high quality Oats for consumers to buy in the coming year.
Overnight News:
Chart Analysis: Trends in Corn are up with objectives of 582 and 624 December. Support is at 554, 548, and 540 December, and resistance is at 569, 578, and 582 December. Trends in Oats are up with objectives of 792 December. Support is at 708, 686, and 670 December, and resistance is at 738, 744, and 750 December.

COT — Supplemental Report – Option and Futures Combined Positions as of October 26, 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 1,880,818
: Positions :
: 236,801 62,097 458,245 540,093 1,054,167 466,775 76,382 1,701,915 1,650,892: 178,904 229,926
: Changes from: October 19, 2021 (Change in open interest: 49,918) :
: 12,280 -13,924 22,914 535 40,178 6,947 241 42,676 49,409: 7,242 509
: Percent of Open Interest Represented by Each Category of Trader :
: 12.6 3.3 24.4 28.7 56.0 24.8 4.1 90.5 87.8: 9.5 12.2
: Total Traders: 828 Number of Traders in Each Category :
: 169 98 188 382 429 51 29 685 675:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 26, 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 6,014 :
: Positions :
: 1,851 2,791 87 0 0 333 0 0 416 117 623 :
: Changes from: October 19, 2021 :
: 52 140 1 0 0 -14 0 0 0 -4 124 :
: Percent of Open Interest Represented by Each Category of Trader :
: 30.8 46.4 1.4 0.0 0.0 5.5 0.0 0.0 6.9 1.9 10.4 :
: Number of Traders in Each Category Total Traders: 25 :
: 10 9 . 0 0 4 0 0 4 4 4 :
—————————————————————————————————————-

SOYBEANS
General Comments: Soybeans closed higher last week but the products were mixed, with Soybean Oil lower and Soybean Meal higher. The weekly charts imply that Soybeans are constructing a harvest low right now. Ideas of strong demand from China were supportive but there were only two sales announcements last week and the weekly export sales report was less than trade expectations. Mexico also bought US Soybeans. The weekly charts still show down trends for all three markets, and the daily chart trends are mixed. Harvest has moved past the half way point for Soybeans and a harvest low might be seen during the second half of the harvest. However, the low will probably not be as low as the previous low seen a few weeks ago. Reports indicate that farmers are limited sellers at best. Gulf port elevators are coming on line and export sales and exports are increasing. Planting and initial crop development is going very well in Brazil. It has been dry in Argentina and panting could be slower there when the time comes.
Overnight News: China bought 132,000 tons of US Soybeans.
Chart Analysis: Trends in Soybeans are mixed. Support is at 1236, 1227, and 1222 January, and resistance is at 1266, 1274, and 1292 January. Trends in Soybean Meal are mixed to up with objectives of 341.00 December. Support is at 328.00, 323.00, and 320.00 December, and resistance is at 334.00 338.00, and 341.00 December. Trends in Soybean Oil are mixed to down with objectives of 6050 and 5900 December. Support is at 6050, 5920, and 5850 December, with resistance at 6200, 6360, and 6400 December.

COT — Supplemental Report – Option and Futures Combined Positions as of October 26, 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 762,618
: Positions :
: 69,135 72,150 159,237 256,046 410,676 218,096 25,195 702,515 667,258: 60,103 95,360
: Changes from: October 19, 2021 (Change in open interest: -201,165) :
: 2,975 -8,956 -86,109 -96,190 -65,197 -23,300 -39,546 -202,623 -199,808: 1,458 -1,357
: Percent of Open Interest Represented by Each Category of Trader :
: 9.1 9.5 20.9 33.6 53.9 28.6 3.3 92.1 87.5: 7.9 12.5
: Total Traders: 538 Number of Traders in Each Category :
: 107 100 143 199 236 49 20 431 442:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of October 26, 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 478,248
: Positions :
: 78,853 29,525 99,464 118,323 303,541 147,292 23,447 443,932 455,978: 34,316 22,270
: Changes from: October 19, 2021 (Change in open interest: -3,529) :
: -414 3,082 -6,860 -1,810 -298 3,831 -88 -5,253 -4,163: 1,723 634
: Percent of Open Interest Represented by Each Category of Trader :
: 16.5 6.2 20.8 24.7 63.5 30.8 4.9 92.8 95.3: 7.2 4.7
: Total Traders: 310 Number of Traders in Each Category :
: 88 48 84 89 99 41 22 262 222:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of October 26, 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 484,541
: Positions :
: 44,400 60,132 111,931 152,996 257,624 113,979 22,671 423,306 452,359: 61,234 32,182
: Changes from: October 19, 2021 (Change in open interest: -6,282) :
: 5,290 -8,834 -3,629 -12,396 8,806 2,475 -2,107 -8,260 -5,763: 1,978 -519
: Percent of Open Interest Represented by Each Category of Trader :
: 9.2 12.4 23.1 31.6 53.2 23.5 4.7 87.4 93.4: 12.6 6.6
: Total Traders: 303 Number of Traders in Each Category :
: 65 60 85 109 96 34 20 261 220:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: World vegetable oils prices were higher again last week except for Soybean Oil which was a little lower. Palm Oil was higher for the week even with slow exports as reported by the private services. Palm Oil was lower today in response to weak monthly export data from the private sources. Support still comes from ideas that supply and demand are in balance or supplies are short. India was the major importer as the country reduced import taxes. It has also reduced import taxes now for Soybean Oil and Canola Oil and this has caused some demand worries for Palm. The weekly chart trends are up. 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 for the week as the harvest is starting to wind down. Farmers are bullish and reluctant to sell and would rather work in the fields. The weekly chart trends are up. The Prairies crops are in big trouble now due to previous hot and dry weather.
Overnight News:
Chart Analysis: Trends in Canola are up with objectives of 1058 and 1182 January. Support is at 938.00, 932.00, and 915.00 January, with resistance at 971.00, 978.00, and 984.00 January. Trends in Palm Oil are mixed. Support is at 4970, 4820, and 4740 January, with resistance at 5070, 5090, and 5220 January.

DJ Malaysia October Palm Oil Exports Fell 13.4% on Month, SGS Says
Malaysia’s palm oil exports in October are estimated to have fallen 13.4% on month to 1,476,645 metric tons, cargo surveyor SGS (Malaysia) Bhd. said Monday.
The following are the major items in the SGS estimate:
(All figures in metric tons)
Oct. 1-31 Sept. 1-30
RBD Palm Olein 418,114 544,695
RBD Palm Oil 101,443 96,102
RBD Palm Stearin 95,242 136,982
Crude Palm Oil 385,230 406,971
Total* 1,476,645 1,705,713
*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. This content was automatically published based on data and/or text from the original source. For feedback, write to singaporeeditors@dowjones.com.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 26, 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 197,490 :
: Positions :
: 120,352 166,066 282 8,484 244 52,156 1,362 7,792 7,843 6,990 5,581 :
: Changes from: October 19, 2021 :
: -24,623 -24,717 65 -299 -5,871 -2,729 -169 -6,616 765 -963 -12,652 :
: Percent of Open Interest Represented by Each Category of Trader :
: 60.9 84.1 0.1 4.3 0.1 26.4 0.7 3.9 4.0 3.5 2.8 :
: Number of Traders in Each Category Total Traders: 276 :
: 58 36 . 7 . 61 . 11 93 33 36 :
—————————————————————————————————————-

Midwest Weather Forecast: Mostly dry this week. Temperatures should average near to below 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 – Oct 29
WINNIPEG — The following are the closing cash
canola prices from ICE Futures.
Source: ICE Futures
Price Basis Contract Change
CANOLA
*Par Region 975.30 -21.60 Nov 2021 dn 5.30
Basis: Thunder Bay 994.80 35.00 Jan 2022 up 4.50
Basis: Vancouver 1,024.80 65.00 Jan 2022 up 4.50
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
204-782-5944)

DJ Malaysian PM Cash Market Prices for Palm Oil – November 1
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
Nov 1370.00 -02.50 Unquoted – –
Dec 1322.50 00.00 Unquoted – –
Jan/Feb/Mar 1237.50 -15.00 Unquoted – –
Apr/May/Jun 1140.00 -17.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Nov 1372.50 -02.50 Unquoted – –
Dec 1325.00 00.00 Unquoted – –
Jan/Feb/Mar 1240.00 -15.00 Unquoted – –
Apr/May/Jun 1142.50 -17.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Nov 1340.00 +10.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Nov 1215.00 -10.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Nov 5,430.00 -20.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Nov 505.00 +05.00 Unquoted – –
($1=MYR4.15)

DJ China Dalian Grain Futures Closing Prices, Volume – Nov 01
Soybean No. 1
Turnover: 209,709 lots, or 13.15 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-21 6,190 6,400 6,190 6,245 6,190 6,247 57 1,275 3,463
Jan-22 6,261 6,308 6,225 6,282 6,210 6,274 64 159,050 138,230
Mar-22 6,260 6,314 6,241 6,286 6,223 6,283 60 38,617 70,885
May-22 6,190 6,247 6,185 6,219 6,180 6,218 38 2,907 6,385
Jul-22 6,149 6,184 6,126 6,155 6,132 6,157 25 7,809 8,596
Sep-22 6,015 6,054 5,998 6,030 6,009 6,023 14 51 111
Corn
Turnover: 750,133 lots, or 19.72 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-21 2,613 2,616 2,580 2,598 2,587 2,584 -3 590 14,385
Jan-22 2,627 2,639 2,605 2,616 2,610 2,621 11 533,345 736,262
Mar-22 2,629 2,647 2,607 2,628 2,612 2,630 18 108,027 204,210
May-22 2,633 2,677 2,633 2,654 2,652 2,659 7 79,368 152,393
Jul-22 2,673 2,682 2,653 2,661 2,659 2,665 6 26,173 61,801
Sep-22 2,681 2,689 2,663 2,666 2,666 2,673 7 2,630 4,788
Soymeal
Turnover: 1,809,245 lots, or 56.95 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-21 3,383 3,540 3,260 3,274 3,383 3,388 5 641 4,531
Dec-21 3,347 3,378 3,263 3,264 3,394 3,327 -67 28,544 39,452
Jan-22 3,223 3,243 3,148 3,159 3,253 3,197 -56 1,164,956 1,183,374
Mar-22 3,082 3,101 3,027 3,042 3,094 3,069 -25 59,123 303,562
May-22 3,045 3,069 2,997 3,008 3,059 3,035 -24 456,290 731,679
Jul-22 3,039 3,072 3,002 3,011 3,063 3,041 -22 52,772 121,842
Aug-22 3,130 3,134 3,072 3,083 3,135 3,108 -27 26,191 52,925
Sep-22 3,118 3,136 3,072 3,075 3,134 3,103 -31 20,728 44,524
Palm Oil
Turnover: 1,143,776 lots, or 11.03 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-21 – – – 10,386 10,386 10,386 0 0 1,821
Dec-21 10,080 10,144 9,922 9,932 9,910 10,060 150 11,858 18,039
Jan-22 9,748 9,814 9,568 9,574 9,600 9,714 114 997,192 384,559
Feb-22 9,540 9,602 9,370 9,376 9,398 9,506 108 51,098 82,224
Mar-22 9,256 9,336 9,124 9,138 9,160 9,248 88 11,529 40,377
Apr-22 9,014 9,082 8,876 8,890 8,936 9,000 64 12,946 25,893
May-22 8,780 8,816 8,622 8,622 8,694 8,736 42 55,232 63,025
Jun-22 8,618 8,658 8,440 8,442 8,618 8,554 -64 3,561 2,473
Jul-22 8,594 8,658 8,474 8,560 8,562 8,568 6 35 1,228
Aug-22 8,390 8,390 8,296 8,296 8,400 8,366 -34 5 3,131
Sep-22 8,270 8,278 8,118 8,124 8,200 8,206 6 194 490
Oct-22 8,236 8,250 7,960 7,960 8,172 8,164 -8 126 146
Soybean Oil
Turnover: 1,015,717 lots, or 99.08 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-21 9,662 10,668 9,662 10,260 10,120 10,196 76 3 1,000
Dec-21 10,156 10,212 9,950 10,010 10,114 10,140 26 10,995 22,533
Jan-22 9,962 9,972 9,766 9,770 9,872 9,882 10 825,917 422,952
Mar-22 9,500 9,548 9,348 9,348 9,450 9,466 16 40,316 107,621
May-22 9,150 9,192 8,976 8,978 9,074 9,098 24 97,679 157,581
Jul-22 8,900 8,972 8,774 8,778 8,866 8,886 20 30,586 63,605
Aug-22 8,920 8,930 8,712 8,748 8,848 8,852 4 9,602 22,207
Sep-22 8,794 8,850 8,668 8,668 8,766 8,776 10 619 1,627
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