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 6
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
ROUGH RICE November Nov 09, 2021 4 Nov 05, 2021
SOYBEAN November Nov 09, 2021 5 Oct 29, 2021

DJ U.S. Corn, Soybean Production Estimates — Survey
NEW YORK–The following are analysts’ estimates for 2021 U.S. corn and soybean production in millions of bushels, as compiled by The Wall Street Journal. Yield estimates are in bushels per acre and harvested acres are in million acres. The U.S. Department of Agriculture is scheduled to release its monthly estimates at noon on Tuesday.
U.S. 2021 Production (million bushels, bushels per acre)
Average Range USDA Oct. USDA 2020
Corn Production 15,040 14,778-15,222 15,019 14,111
Corn Yield 176.8 174.5-178.9 176.5 171.4
Harvested Acres 85.1 84.6-85.3 85.1 82.3
Soybean Production 4,480 4,408-4,536 4,448 4,216
Soybean Yield 51.9 51.0-52.5 51.5 51.0
Harvested Acres 86.4 85.9-86.7 86.4 82.6
Corn Soybean
Harvested Harvested
Production Yield Acres Production Yield Acres
AgriSompo North America 15,037 176.7 85.1 4,466 51.7 86.4
AgriSource 15,222 178.9 85.1 4,503 52.1 86.4
Allendale 15,073 176.7 85.3 4,485 51.7 86.7
DC Analysis 15,062 177.0 85.1 4,475 51.8 86.4
Doane 15,060 177.0 85.1 4,500 52.1 86.4
EDF Man 15,148 178.0 85.1 4,536 52.5 86.4
Futures Intl 15,043 176.8 85.1 4,457 51.6 86.4
Grain Cycles 14,966 175.9 85.1 4,473 51.8 86.4
Linn Group 15,045 177.0 85.0 4,467 51.7 86.4
Sid Love Consulting 14,957 176.8 84.6 4,450 51.8 85.9
Midland Research 14,970 175.9 85.1 4,494 52.0 86.4
Midwest Market Solutions 14,778 174.9 84.8 4,408 51.0 86.4
Northstar 14,978 176.0 85.1 4,475 51.8 86.4
RJO Brien 14,850 174.5 4,408 51.0
RMC 15,046 176.8 85.1 4,484 51.9 86.4
StoneX 15,119 177.7 85.1 4,490 51.9 86.4
US Commodities 15,148 178.0 85.1 4,527 52.4 86.4
Western Milling 15,190 178.5 85.1 4,489 52.0 86.4
Zaner Ag Hedge 15,063 177.0 85.1 4,527 52.4 86.4

DJ U.S. November Grain, Soybean Stockpiles Estimates — Survey
NEW YORK–The following are analysts’ estimates in millions of bushels for U.S. ending stockpiles for 2021-22, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated supply and demand tables on Tuesday at noon ET.
U.S. Stockpiles (millions)
2021-22
Average Range USDA Oct.
Corn 1,482 1,320-1,675 1,500
Soybeans 360 285-449 320
Wheat 581 555-617 580
2021-22
Corn Soybeans Wheat
AgriSompo North America 1,550 395 555
AgriSource 1,675 366 575
Allendale 1,355 328 595
DC Analysis 1,450 370 580
Doane 1,510 350 590
EDF Man 1,534 423 580
Futures Intl 1,524 320 580
Grain Cycles 1,497 372 580
Linn Group 1,320 374 575
Sid Love Consulting 1,438 322 580
Midland Research 1,400 380 580
Midwest Market Solutions 1,513 285 585
Northstar 1,370 335 570
RJO Brien 1,428 300 605
RMC 1,445 356 580
StoneX 1,576 371 570
US Commodities 1,504 449 565
Western Milling 1,519 374 617
Zaner Ag Hedge 1,544 364 580

DJ November World Grain, Soybean Stockpiles Estimates — Survey
NEW YORK–The following are analysts’ estimates in millions of metric tons for world grain and soybean ending stockpiles for 2020-21 and 2021-22, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated supply and demand tables on Tuesday at noon ET.
World Stockpiles (million metric tons)
2020-21
Average Range USDA Oct.
Corn 290.6 290.0-292.0 290.0
Soybeans 99.7 99.2-101.2 99.2
Wheat 287.8 286.0-288.4 288.4
2021-22
Average Range USDA Oct.
Corn 301.4 297.0-303.9 301.7
Soybeans 105.7 104.6-106.9 104.6
Wheat 277.1 274.0-282.0 277.2
2020-21 2021-22
Corn Soybeans Wheat Corn Soybeans Wheat
Allendale 298.1 104.6 275.7
EDF Man 290.0 99.2 288.4 301.0 105.0 282.0
Futures Intl 303.0 106.0 274.0
Linn 297.0 105.5 279.0
Midwest Market Solutions 291.5 100.2 287.5 302.5 105.4 279.1
Northstar 299.0 105.0 275.0
RMC 292.0 101.2 286.0 302.5 106.4 276.0
StoneX 290.2 99.2 288.2 303.9 106.3 277.1
US Commodities 290.0 99.2 288.4 303.0 106.9 278.0
Western Milling 290.0 99.2 288.4 303.0 105.5 277.0
Zaner Ag Hedge 302.3 106.2 275.4

WHEAT
General Comments: Wheat closed a little lower yesterday last week on swelling tied in part to a stronger US Dollar and in part in anticipation of a potentially bearish USDA report on Tuesday. Futures made new highs for the move before working lower. Trends are still up in all three markets. The weekly export sales report was a little stronger last week and near the high end of trade expectations. 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 has recently improved 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.
Overnight News: The southern Great Plains should get some showers over the middle of the week. Temperatures should average near to above normal. Northern areas should see some showers over the middle of the week. Temperatures will average near to above normal. The Canadian Prairies should see mostly dry conditions but showers are possible over the middle of the week. Temperatures should average above normal.
Chart Analysis: Trends in Chicago are mixed. Support is at 763, 745, and 744 December, with resistance at 790, 798, and 807 December. Trends in Kansas City are mixed . Support is at 772, 768, and 748 December, with resistance at 804, 814, and 818 December. Trends in Minneapolis are mixed. Support is at 1006, 984, and 980 December, and resistance is at 1034, 1060, and 1086 December.

COT — Supplemental Report – Option and Futures Combined Positions as of November 02, 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 527,595
: Positions :
: 60,413 73,533 180,883 74,427 170,676 172,052 56,497 487,774 481,588: 39,822 46,007
: :
: Changes from: October 26, 2021 (Change in open interest: 31,735) :
: 8,135 -7,969 23,173 -724 11,150 -3,759 3,235 26,826 29,589: 4,909 2,146
: :
: Percent of Open Interest Represented by Each Category of Trader :
: 11.5 13.9 34.3 14.1 32.3 32.6 10.7 92.5 91.3: 7.5 8.7
: :
: Total Traders: 392 Number of Traders in Each Category :
: 116 92 138 85 112 46 28 318 312:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of November 02, 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 265,646
: Positions :
: 71,149 40,794 58,242 36,763 128,842 75,291 14,520 241,445 242,398: 24,202 23,248
: Changes from: October 26, 2021 (Change in open interest: 1,511) :
: -1,398 -4,848 2,170 -3,219 1,407 3,986 2,153 1,539 882: -28 629
: Percent of Open Interest Represented by Each Category of Trader :
: 26.8 15.4 21.9 13.8 48.5 28.3 5.5 90.9 91.2: 9.1 8.8
: Total Traders: 258 Number of Traders in Each Category :
: 80 35 69 62 88 37 14 208 184:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 2, 2021
: Reportable Positions :
:————————————————————————————————————- :
: Producer/Merchant : : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables :
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading :
—————————————————————————————————————-
WHEAT-HRSpring – MINNEAPOLIS GRAIN EXCHANGE (CONTRACTS OF 5,000 BUSHELS) :
CFTC Code #001626 Open Interest is 85,645 :
: Positions :
: 25,305 60,657 2,864 958 830 17,389 0 3,073 12,382 1,778 6,101 :
: Changes from: October 26, 2021 :
: 1,583 2,549 -66 -379 79 876 0 580 -158 -813 420 :
: Percent of Open Interest Represented by Each Category of Trader :
: 29.5 70.8 3.3 1.1 1.0 20.3 0.0 3.6 14.5 2.1 7.1 :
: Number of Traders in Each Category Total Traders: 121 :
: 48 55 4 . 4 26 0 7 16 5 11 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 2, 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 14,901 :
: Positions :
: 5,585 11,794 81 1,500 325 7,095 0 0 521 0 769 :
: Changes from: October 26, 2021 :
: -102 875 52 300 48 1,335 0 -315 -263 0 -353 :
: Percent of Open Interest Represented by Each Category of Trader :
: 37.5 79.1 0.5 10.1 2.2 47.6 0.0 0.0 3.5 0.0 5.2 :
: Number of Traders in Each Category Total Traders: 24 :
: . 14 . . . 5 0 0 . 0 . :
—————————————————————————————————————-

RICE:
General Comments: Rice was higher on Friday in recovery trading as the recent demand woes are considered to be factored into the price for now. Futures closed slightly higher for the week and short term trends have turned mixed on the charts. Weekly chart trends are sideways but imply futures could test resistance at the 1400 area basis the nearest futures contract in the near term. There was little in the way of news for participants to react to but the weekly export sales report showed weaker demand. 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. Milling yields have been generally low in both states.
Overnight News: The Delta should get showers late this week. Temperatures should be near to above normal.
Chart Analysis: Trends are down with no objectives. Support is at 1331, 1301, and 1284 January and resistance is at 1368, 1372, and 1378 January.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 2, 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 9,064 :
: Positions :
: 5,460 4,057 149 100 0 690 2,224 3 576 725 770 :
: Changes from: October 26, 2021 :
: 543 -1,071 15 0 0 -437 1,185 -5 96 -66 336 :
: Percent of Open Interest Represented by Each Category of Trader :
: 60.2 44.8 1.6 1.1 0.0 7.6 24.5 0.0 6.4 8.0 8.5 :
: Number of Traders in Each Category Total Traders: 58 :
: 15 13 . . 0 6 13 . 9 7 8 :
—————————————————————————————————————-

CORN AND OATS:
General Comments: Corn closed lower and Oats both closed higher. It was a correction trade for the Corn. The export sales report was strong last week and the sales pace is currently at or just above the USDA target pace. Corn has relatively tight supplies as farmers are harvesting and not selling. 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. Trends are up on the daily charts for Oats and weekly charts for both markets. Near term trends are down for Corn. Demand will be an increasing feature in the trade moving forward as the harvest moves to completion sometime this month. Initial yield reports have been mixed but good. 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.
Overnight News: Colombia bought 150,000 tons of US Corn.
Chart Analysis: Trends in Corn are mixed to down with objectives of 544 December. Support is at 548, 540, and 533 December, and resistance is at 569, 573, and 582 December. Trends in Oats are up mixed to with objectives of 792 December. Support is at 728, 723, and 708 December, and resistance is at 775, 780, and 786 December.

COT — Supplemental Report – Option and Futures Combined Positions as of November 02, 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 1,988,278
: Positions :
: 309,034 63,224 491,588 527,496 1,112,325 477,768 82,748 1,805,886 1,749,884: 182,392 238,393
: Changes from: October 26, 2021 (Change in open interest: 107,459) :
: 72,233 1,127 33,342 -12,596 58,158 10,992 6,366 103,971 98,993: 3,488 8,467
: Percent of Open Interest Represented by Each Category of Trader :
: 15.5 3.2 24.7 26.5 55.9 24.0 4.2 90.8 88.0: 9.2 12.0
: Total Traders: 837 Number of Traders in Each Category :
: 177 112 187 371 429 52 28 688 680:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 2, 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 6,022 :
: Positions :
: 1,744 2,745 79 0 0 400 0 0 345 95 589 :
: Changes from: October 26, 2021 :
: -107 -46 -8 0 0 67 0 0 -71 -22 -35 :
: Percent of Open Interest Represented by Each Category of Trader :
: 29.0 45.6 1.3 0.0 0.0 6.6 0.0 0.0 5.7 1.6 9.8 :
: Number of Traders in Each Category Total Traders: 24 :
: 10 9 . 0 0 5 0 0 4 . . :
—————————————————————————————————————-

SOYBEANS
General Comments: Soybeans and the products closed lower last week on what appeared to be widespread speculative selling as wire reports indicated that the Brazil Soybean basis was now showing overall prices less than US values to places like China. Soybeans trends are starting to turn down on the daily charts. Harvest has moved well past the half way point for Soybeans and a harvest low might be seen during the second half of the harvest. 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 but rain has been falling this week and conditions for planting and initial growth are improving.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed to down with objectives of 1177 January. Support is at 1195, 1180, and 1168 January, and resistance is at 1227, 1243, and 1261 January. Trends in Soybean Meal are mixed. Support is at 328.00, 323.00, and 320.00 December, and resistance is at 341.00 344.00, and 347.00 December. Trends in Soybean Oil are down with objectives of 5680 December. Support is at 5850, 5830, and 5810 December, with resistance at 6050, 6160, and 6240 December.

COT — Supplemental Report – Option and Futures Combined Positions as of November 02, 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 728,618
: Positions :
: 76,343 65,863 144,912 232,664 400,909 223,378 24,469 677,297 636,153: 51,321 92,465
: Changes from: October 26, 2021 (Change in open interest: -34,000) :
: 7,208 -6,287 -14,325 -23,383 -9,767 5,283 -726 -25,218 -31,105: -8,783 -2,895
: Percent of Open Interest Represented by Each Category of Trader :
: 10.5 9.0 19.9 31.9 55.0 30.7 3.4 93.0 87.3: 7.0 12.7
: Total Traders: 558 Number of Traders in Each Category :
: 110 115 152 181 239 52 20 425 461:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of November 02, 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 488,744
: Positions :
: 77,517 30,483 103,517 122,132 307,443 149,435 24,518 452,601 465,961: 36,143 22,783
: Changes from: October 26, 2021 (Change in open interest: 10,495) :
: -1,336 958 4,053 3,809 3,901 2,142 1,071 8,668 9,983: 1,827 513
: Percent of Open Interest Represented by Each Category of Trader :
: 15.9 6.2 21.2 25.0 62.9 30.6 5.0 92.6 95.3: 7.4 4.7
: Total Traders: 304 Number of Traders in Each Category :
: 82 49 81 89 97 42 24 257 218:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of November 02, 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 492,363
: Positions :
: 49,009 60,338 116,115 149,928 264,961 116,584 18,360 431,636 459,773: 60,727 32,590
: Changes from: October 26, 2021 (Change in open interest: 7,822) :
: 4,609 205 4,184 -3,068 7,336 2,605 -4,311 8,330 7,414: -507 408
: Percent of Open Interest Represented by Each Category of Trader :
: 10.0 12.3 23.6 30.5 53.8 23.7 3.7 87.7 93.4: 12.3 6.6
: Total Traders: 306 Number of Traders in Each Category :
: 67 66 89 107 99 36 19 265 228:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Palm Oil was lower last week as Soybean Oil moved lower and caused demand concerns for Palm Oil. It was lower today in anticipation of a bearish stocks report from MPOB. Futures are still caught in a trading range. Support still comes from ideas that supply and demand are in balance or supplies are short. 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 lower and could have topped out for now as the harvest is starting to wind down. Some of the selling was noted in sympathy with Chicago. Farmers are bullish and reluctant to sell because of the sharp reduction in Canola production in Canada this year. The weekly chart trends are up.
Overnight News:
Chart Analysis: Trends in Canola are mixed Support is at 961.00, 949.00, and 938.00 January, with resistance at 984.00, 983.00, and 1002.00 January. Trends in Palm Oil are mixed. Support is at 4850, 4740, and 4630 January, with resistance at 5090, 5220, and 5680 January.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 2, 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 200,128 :
: Positions :
: 119,724 169,729 312 7,984 677 52,835 1,347 7,890 9,048 5,235 6,425 :
: Changes from: October 26, 2021 :
: -629 3,663 30 -500 433 679 -15 99 1,205 -1,755 844 :
: Percent of Open Interest Represented by Each Category of Trader :
: 59.8 84.8 0.2 4.0 0.3 26.4 0.7 3.9 4.5 2.6 3.2 :
: Number of Traders in Each Category Total Traders: 278 :
: 57 39 4 6 . 64 . 10 90 29 42 :
—————————————————————————————————————-

Midwest Weather Forecast: Mostly dry early this week, some showers likely late this week. Temperatures should average near to above 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 – Nov 5
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 1003.70 25.00 Jan. 2022 dn 22.00
Basis: Thunder Bay 1028.90 55.00 Jan. 2022 dn 4.80
Basis: Vancouver 1053.90 80.00 Jan. 2022 dn 4.80
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 – November 8
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 1357.50 00.00 Unquoted – –
Dec 1297.50 -05.00 Unquoted – –
Jan/Feb/Mar 1222.50 +05.00 Unquoted – –
Apr/May/Jun 1117.50 +02.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Nov 1360.00 00.00 Unquoted – –
Dec 1300.00 -05.00 Unquoted – –
Jan/Feb/Mar 1225.00 +05.00 Unquoted – –
Apr/May/Jun 1120.00 +02.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Nov 1330.00 00.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Nov 1200.00 00.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Nov 5,360.00 -40.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Nov 503.00 -01.00 Unquoted – –
($1=MYR4.1535)

DJ China Dalian Grain Futures Closing Prices, Volume – Nov 08
Soybean No. 1
Turnover: 346,454 lots, or 2.21 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-21 6,450 6,450 6,308 6,340 6,416 6,409 -7 190 1,521
Jan-22 6,508 6,512 6,289 6,353 6,463 6,375 -88 269,625 134,765
Mar-22 6,474 6,488 6,300 6,346 6,458 6,369 -89 57,082 75,452
May-22 6,395 6,420 6,251 6,292 6,395 6,308 -87 6,538 7,389
Jul-22 6,354 6,359 6,179 6,216 6,336 6,243 -93 12,894 9,168
Sep-22 6,201 6,202 6,061 6,076 6,206 6,100 -106 125 190
Corn
Turnover: 985,236 lots, or 26.56 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-21 2,627 2,679 2,625 2,679 2,652 2,631 -21 634 1,862
Jan-22 2,671 2,730 2,661 2,690 2,676 2,690 14 683,526 767,249
Mar-22 2,681 2,735 2,670 2,693 2,684 2,697 13 76,522 212,489
May-22 2,707 2,751 2,690 2,708 2,712 2,712 0 172,677 245,761
Jul-22 2,711 2,743 2,693 2,709 2,712 2,710 -2 46,711 77,932
Sep-22 2,697 2,741 2,693 2,710 2,711 2,713 2 5,166 8,737
Soymeal
Turnover: 1,447,463 lots, or 43.82 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-21 3,175 3,175 3,175 3,175 3,249 3,175 -74 1 2,235
Dec-21 3,190 3,226 3,154 3,197 3,215 3,189 -26 7,874 14,475
Jan-22 3,045 3,105 3,023 3,088 3,086 3,070 -16 968,827 1,033,096
Mar-22 2,940 2,994 2,920 2,968 2,980 2,960 -20 40,079 315,737
May-22 2,902 2,957 2,890 2,928 2,935 2,923 -12 331,234 800,403
Jul-22 2,905 2,959 2,897 2,933 2,940 2,930 -10 46,021 145,006
Aug-22 2,973 3,029 2,972 3,004 3,016 3,003 -13 35,610 64,902
Sep-22 2,986 3,024 2,973 3,009 3,002 2,997 -5 17,817 54,679
Palm Oil
Turnover: 1,952,569 lots, or 17.60 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-21 11,208 11,208 10,400 10,400 10,386 10,804 418 2 1,821
Dec-21 9,804 9,804 9,084 9,548 9,866 9,464 -402 1,918 8,873
Jan-22 9,430 9,430 8,740 9,238 9,476 9,094 -382 1,721,731 341,108
Feb-22 9,268 9,268 8,546 9,046 9,262 8,912 -350 58,481 82,031
Mar-22 8,990 8,990 8,296 8,762 8,994 8,644 -350 17,658 42,404
Apr-22 8,672 8,696 8,082 8,520 8,742 8,410 -332 15,722 28,396
May-22 8,450 8,458 7,872 8,288 8,530 8,170 -360 134,293 78,325
Jun-22 8,264 8,270 7,680 8,110 8,318 7,992 -326 1,965 5,977
Jul-22 7,940 7,982 7,826 7,982 8,276 7,980 -296 257 978
Aug-22 8,018 8,018 7,476 7,806 8,126 7,660 -466 10 3,110
Sep-22 7,812 7,812 7,294 7,706 7,922 7,566 -356 519 615
Oct-22 7,400 7,600 7,394 7,564 7,896 7,474 -422 13 155
Soybean Oil
Turnover: 1,849,404 lots, or 16.94 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-21 – – – 9,932 9,932 9,932 0 0 1,000
Dec-21 9,868 9,868 9,278 9,664 9,952 9,794 -158 1,382 8,007
Jan-22 9,512 9,572 8,970 9,404 9,630 9,290 -340 1,520,891 390,714
Mar-22 9,142 9,154 8,568 8,966 9,212 8,860 -352 43,482 115,869
May-22 8,810 8,810 8,266 8,650 8,888 8,540 -348 233,527 177,515
Jul-22 8,458 8,494 7,950 8,358 8,548 8,234 -314 31,003 71,408
Aug-22 8,398 8,422 7,892 8,276 8,486 8,166 -320 16,992 23,562
Sep-22 8,380 8,380 7,866 8,230 8,458 8,092 -366 2,127 2,063
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