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

Crop Progress
Date 14-Nov 7-Nov 2020 Avg
Cotton Harvested 65 55 68 64
Corn Harvested 91 84 94 86
Soybeans Harvested 92 87 95 93
Sorghum Harvested 89 86 93 87
Peanuts Harvested 86 79 84 89
Sunflowers Harvested 83 70 87 74
Winter Wheat Planted 94 91 96 94
Winter Wheat Emerged 81 74 84 83

Crop Condition
Very Poor Poor Fair Good Excellent
Winter Wheat This Week 7 13 34 39 7
Winter Wheat Last Week 9 13 33 39 6
Winter Wheat Last Year 5 13 36 41 5

DJ USDA Grain Inspections for Export in Metric Tons – Nov 15
WA_GR101
Washington, DC Mon Nov 15, 2021 USDA Market News
COUNTRY OF DESTINATION IS REPORTED AS KNOWN AT THE TIME OF EXPORTATION.
INFORMATION CONTAINED IN THIS REPORT REFLECTS EXPORTED GRAIN INSPECTED AND WEIGHED
THROUGH THE AUTHORITY UNDER THE U.S. GRAIN STANDARDS ACT. NO ADDITIONAL ANALYSIS,
COMPILATIONS OR DATA IS AVAILABLE
GRAINS INSPECTED AND/OR WEIGHED FOR EXPORT
REPORTED IN WEEK ENDING NOV 11, 2021
— METRIC TONS —
————————————————————————-
CURRENT PREVIOUS
———– WEEK ENDING ———- MARKET YEAR MARKET YEAR
GRAIN 11/11/2021 11/04/2021 11/12/2020 TO DATE TO DATE
BARLEY 0 0 2,096 9,743 14,258
CORN 855,698 649,023 862,235 6,978,566 8,465,039
FLAXSEED 0 0 0 24 413
MIXED 0 0 0 0 0
OATS 0 0 0 200 1,296
RYE 0 0 0 0 0
SORGHUM 7,497 7,698 187,358 511,569 977,422
SOYBEANS 2,073,579 2,910,100 2,530,722 16,188,121 22,556,586
SUNFLOWER 0 0 0 432 0
WHEAT 388,743 251,452 333,917 10,307,783 12,041,285
Total 3,325,517 3,818,273 3,916,328 33,996,438 44,056,299
————————————————————————-
CROP MARKETING YEARS BEGIN JUNE 1 FOR WHEAT, RYE, OATS, BARLEY AND
FLAXSEED; SEPTEMBER 1 FOR CORN, SORGHUM, SOYBEANS AND SUNFLOWER SEEDS.
INCLUDES WATERWAY SHIPMENTS TO CANADA.

WHEAT
General Comments: Wheat closed higher again yesterday in Winter Wheat markets and sharply lower in Minneapolis. There were reports of spreading with selling coming to Minneapolis and buying to the other two markets. There was no other reason for Minneapolis to work lower with higher prices elsewhere in the US and around the world. Ideas are 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 lack of production has reduced the offers and Russia plans to announce sales quotas for next year very soon. 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 mostly dry conditions. 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 scattered showers. Temperatures should average near normal.
Chart Analysis: Trends in Chicago are up with objectives of 860 December. Support is at 798, 780, and 773 December, with resistance at 830, 836, and 842 December. Trends in Kansas City are up with objectives of 865 December. Support is at 814, 802, and 796 December, with resistance at 848, 854, and 860 December. Trends in Minneapolis are mixed. Support is at 1013, 1005, and 984 December, and resistance is at 1048, 1066, and 1086 December.

COT — Supplemental Report – Option and Futures Combined Positions as of November 09, 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 523,259
: Positions :
: 60,060 78,959 173,003 76,999 169,321 174,722 58,093 484,783 479,375: 38,477 43,884
: Changes from: November 2, 2021 (Change in open interest: -4,336) :
: -353 5,426 -7,880 2,572 -1,356 2,670 1,596 -2,991 -2,213: -1,345 -2,123
: Percent of Open Interest Represented by Each Category of Trader :
: 11.5 15.1 33.1 14.7 32.4 33.4 11.1 92.6 91.6: 7.4 8.4
: Total Traders: 389 Number of Traders in Each Category :
: 108 96 142 82 114 46 29 317 314:
———————————————————————————————————

COT — Supplemental Report – Option and Futures Combined Positions as of November 09, 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 264,960
: Positions :
: 67,228 40,125 60,022 38,933 128,688 74,001 12,530 240,183 241,365: 24,777 23,595
: Changes from: November 2, 2021 (Change in open interest: -687) :
: -3,921 -670 1,780 2,170 -154 -1,291 -1,990 -1,261 -1,033: 575 347
: Percent of Open Interest Represented by Each Category of Trader :
: 25.4 15.1 22.7 14.7 48.6 27.9 4.7 90.6 91.1: 9.4 8.9
: Total Traders: 264 Number of Traders in Each Category :
: 74 43 74 63 85 35 12 215 186:
———————————————————————————————————

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 9, 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 84,442
: Positions
: 26,740 61,097 1,980 785 957 16,740 244 3,005 11,709 1,742 5,155 :
: Changes from: November 2, 2021
: 1,435 440 -885 -173 127 -648 244 -68 -673 -36 -947 :
: Percent of Open Interest Represented by Each Category of Trader
: 31.7 72.4 2.3 0.9 1.1 19.8 0.3 3.6 13.9 2.1 6.1 :
: Number of Traders in Each Category Total Traders: 122
: 52 58 4 . 5 22 . 7 11 5 10 :
———————————————————————————————————

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 9, 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 15,239
: Positions
: 5,477 11,527 0 2,120 280 8,046 0 0 689 300 405 :
: Changes from: November 2, 2021
: -108 -267 -81 620 -45 951 0 0 168 300 -364 :
:
: Percent of Open Interest Represented by Each Category of Trader
: 35.9 75.6 0.0 13.9 1.8 52.8 0.0 0.0 4.5 2.0 2.7 :
:
: Number of Traders in Each Category Total Traders: 25
: 4 14 0 . . 5 0 0 . .
———————————————————————————————————

RICE:
General Comments: Rice was a little higher yesterday and the rally from the lows continues. Weekly chart trends are now threatening to turn up. Daily charts show up trends. 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. Export demand has been good but not great so far but is mostly for paddy. Mill demand has been about average so far.
Overnight News: The Delta should get showers late this week. Temperatures should be near to above normal.
Chart Analysis: Trends are up with objectives of 1446 January. Support is at 1400, 1394, and 1382 January and resistance is at 1424, 1428, and 1440 January.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 9, 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 9,060
: Positions
: 5,579 4,125 150 100 0 377 2,135 3 746 509 916 :
: Changes from: November 2, 2021
: 119 68 1 0 0 -313 -89 0 170: Percent of Open Interest Represented by Each Category of Trader
: 61.6 45.5 1.7 1.1 0.0 4.2 23.6 0.0 8.2 5.6 10.1 :
: Number of Traders in Each Category Total Traders: 56
: 15 14 . . 0 5 10 . 12 4 8 :
———————————————————————————————————

CORN AND OATS:
General Comments: Corn closed mixed, with nearby months a little lower on fears of decreasing ethanol demand. Crude Oil was lower and the EPA has threatened to make an announcement that it said no one will like in coming days about renewable fuels mandates. Corn has relatively tight supplies as farmers are harvesting and not selling. 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. Oats were lower for the first time in many weeks last week. It could be that the bull market is starting to run its course in this market.
Overnight News: Mexico bought 270,000 tons of US Corn.
Chart Analysis: Trends in Corn are mixed to up with objectives of 626 December. Support is at 566, 563, and 555 December, and resistance is at 582, 586, and 594 December. Trends in Oats are mixed. Support is at 707, 702, and 686 December, and resistance is at 753, 775, and 780 December.

COT — Supplemental Report – Option and Futures Combined Positions as of November 09, 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 2,002,111
: Positions :
: 299,756 67,661 486,714 541,451 1,127,465 489,468 83,970 1,817,389 1,765,809: 184,723 236,302
: Changes from: November 2, 2021 (Change in open interest: 13,834) :
: -9,278 4,437 -4,874 13,955 15,139 11,700 1,223 11,503 15,925: 2,331 -2,091
: Percent of Open Interest Represented by Each Category of Trader :
: 15.0 3.4 24.3 27.0 56.3 24.4 4.2 90.8 88.2: 9.2 11.8
: Total Traders: 841 Number of Traders in Each Category :
: 177 109 187 382 428 53 29 703 678:
———————————————————————————————————

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 9, 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 6,208
: Positions
: 2,019 2,755 80 0 0 397 0 0 323 115 574 :
: Changes from: November 2, 2021
: 275 10 1 0 0 -3 0 0 -22 20 -14 :
: Percent of Open Interest Represented by Each Category of Trader
: 32.5 44.4 1.3 0.0 0.0 6.4 0.0 0.0 5.2 1.9 9.2 :
:
: Number of Traders in Each Category Total Traders: 23 :
: 9 8 . 0 0 5 0 0 . .
———————————————————————————————————

SOYBEANS
General Comments: Soybeans closed higher and Soybean Meal closed sharply higher yesterday and trends in both markets are up. Soybean Oil closed lower and remains locked in a sideways trend. Harvest is starting to wrap up for Soybeans and a harvest low might have been hit this week. 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: Unknown destinations bought 161,000 tons of US Soybeans.
Chart Analysis: Trends in Soybeans are mixed. Support is at 1241, 1222, and 1208 January, and resistance is at 1261, 1266, and 1274 January. Trends in Soybean Meal are up with no objectives. Support is at 358.00, 355.00, and 3347.00 December, and resistance is at 376.00 381.00, and 388.00 December. Trends in Soybean Oil are mixed. Support is at 5750, 5700, and 5650 December, with resistance at 5860, 5990, and 61050 December.

Alerts History
• 15-Nov-2021 11:00:00 AM – U.S. OCTOBER SOYBEAN CRUSH 183.993 MLN BU – NOPA
• 15-Nov-2021 11:00:01 AM – U.S. OCTOBER SOYOIL STOCKS 1.835 BLN LBS – NOPA
NOPA October soy crush rises to 183.993 million bushels –
By Mark Weinraub
CHICAGO, Nov 15 (Reuters) – Soybean processors crushed the most amount of soybeans in nine months during October, with supplies from harvest providing ample stocks for their operations, according to National Oilseed Processors Association (NOPA) data released on Monday.
NOPA members crushed 183.993 million bushels of soybeans in October, up from 153.800 million bushels crushed in September but below the 185.245 million bushels in crushed October 2020.
NOPA said soyoil supplies among its members as of Oct. 31 rose to 1.835 billion lbs, the highest since the end of May 2020. A month ago, soyoil stocks stood at 1.684 billion lbs.
Soyoil stocks have risen for four months in a row.

COT — Supplemental Report – Option and Futures Combined Positions as of November 09, 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 765,567
: Positions :
: 68,487 84,925 160,143 260,275 399,549 222,076 27,450 710,981 672,067: 54,586 93,501
: Changes from: November 2, 2021 (Change in open interest: 36,950) :
: -7,856 19,062 15,231 27,611 -1,361 -1,302 2,981 33,684 35,913: 3,266 1,036
: Percent of Open Interest Represented by Each Category of Trader :
: 8.9 11.1 20.9 34.0 52.2 29.0 3.6 92.9 87.8: 7.1 12.2
: Total Traders: 560 Number of Traders in Each Category :
: 107 120 158 185 239 52 21 438 463:
———————————————————————————————————

COT — Supplemental Report – Option and Futures Combined Positions as of November 09, 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 484,856
: Positions :
: 69,756 35,676 109,203 127,760 292,555 148,410 24,196 455,130 461,630: 29,726 23,226
: Changes from: November 2, 2021 (Change in open interest: -3,888) :
: -7,761 5,193 5,686 5,629 -14,888 -1,025 -322 2,529 -4,330: -6,417 443
: Percent of Open Interest Represented by Each Category of Trader :
: 14.4 7.4 22.5 26.4 60.3 30.6 5.0 93.9 95.2: 6.1 4.8
: Total Traders: 308 Number of Traders in Each Category :
: 81 52 81 93 98 43 24 261 222:
———————————————————————————————————

COT — Supplemental Report – Option and Futures Combined Positions as of November 09, 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 499,172
: Positions :
: 52,466 52,932 120,377 142,493 276,100 124,001 18,000 439,337 467,409: 59,835 31,763
: Changes from: November 2, 2021 (Change in open interest: 6,809) :
: 3,456 -7,406 4,262 -7,435 11,139 7,417 -360 7,701 7,636: -892 -828
: Percent of Open Interest Represented by Each Category of Trader :
: 10.5 10.6 24.1 28.5 55.3 24.8 3.6 88.0 93.6: 12.0 6.4
: Total Traders: 302 Number of Traders in Each Category :
: 68 60 88 103 100 35 19 258 228:
———————————————————————————————————

CANOLA AND PALM OIL
General Comments: Palm Oil was a little higher Monday on ideas of weak production ahead and closed a little higher today in part on stronger Chicago Soybean Oil values. 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 was lower, mostly in sympathy with Chicago Soybean Oil and the potential demand changes coming to renewable fuels. 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 to up with objective of 1010.00, 1048.00, and 1058.00 January Support is at 993.00, 979.00, and 961.00 January, with resistance at 1030.00, 1038.00, and 1044 .00 January. Trends in Palm Oil are mixed. Support is at 4700, 4650, and 4540 February, with resistance at 4800, 4920, and 4950 February.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 9, 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 206,866
: Positions
: 125,331 175,060 240 7,823 790 55,280 1,248 8,051 6,644 5,517 7,275 :
: Changes from: November 2, 2021
: 5,607 5,331 -72 -161 112 2,445 -98 161 -2,404 282 850 :
: Percent of Open Interest Represented by Each Category of Trader
: 60.6 84.6 0.1 3.8 0.4 26.7 0.6 3.9 3.2 2.7 3.5 :
: Number of Traders in Each Category Total Traders: 271
: 53 43 4 5 4 62 4 8 74 44 37 :
———————————————————————————————————

Midwest Weather Forecast: Mostly dry early this week, some showers likely late this week. Temperatures should average near normal.

US Gulf Cash Basis

Corn HRW SRW Soybeans Soybean Meal Soybean Oil
June July May May May
July July July July
Augustg July July July

DJ ICE Canada Cash Grain Close – Nov 15
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 1040.30 15.00 Jan. 2022 up 20.90
Basis: Thunder Bay 1067.90 55.00 Jan. 2022 dn 12.40
Basis: Vancouver 1092.90 80.00 Jan. 2022 dn 12.40
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 16
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
Nov 1357.50 00.00 Unquoted – –
Dec 1342.50 +15.00 Unquoted – –
Jan/Feb/Mar 1225.00 +07.50 Unquoted – –
Apr/May/Jun 1115.00 +07.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Nov 1360.00 00.00 Unquoted – –
Dec 1345.00 +15.00 Unquoted – –
Jan/Feb/Mar 1227.50 +07.50 Unquoted – –
Apr/May/Jun 1117.50 +07.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Nov 1330.00 +05.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Nov 1205.00 +05.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Nov 5,350.00 -10.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Nov 519.00 +07.00 Unquoted – –
($1=MYR4.164)

DJ China Dalian Grain Futures Closing Prices, Volume – Nov 16
Soybean No. 1
Turnover: 192,776 lots, or 12.25 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-22 6,383 6,412 6,310 6,409 6,423 6,367 -56 149,851 114,607
Mar-22 6,370 6,381 6,288 6,371 6,393 6,330 -63 27,994 82,179
May-22 6,330 6,344 6,262 6,332 6,351 6,307 -44 5,784 9,485
Jul-22 6,283 6,287 6,217 6,280 6,288 6,252 -36 8,983 10,344
Sep-22 6,158 6,187 6,120 6,177 6,169 6,149 -20 150 315
Nov-22 5,982 6,006 5,962 6,004 6,028 5,990 -38 14 20
Corn
Turnover: 530,343 lots, or 14.19 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-22 2,658 2,685 2,652 2,680 2,653 2,670 17 350,739 752,194
Mar-22 2,657 2,679 2,652 2,674 2,651 2,667 16 40,698 217,241
May-22 2,690 2,705 2,682 2,701 2,677 2,695 18 86,656 315,757
Jul-22 2,682 2,703 2,678 2,697 2,681 2,694 13 28,718 82,581
Sep-22 2,674 2,694 2,671 2,683 2,674 2,685 11 2,568 11,763
Nov-22 2,670 2,681 2,631 2,660 2,666 2,669 3 20,964 3,690
Soymeal
Turnover: 888,563 lots, or 2.78 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Dec-21 3,290 3,310 3,275 3,288 3,286 3,287 1 516 10,211
Jan-22 3,181 3,209 3,168 3,192 3,159 3,187 28 531,164 882,585
Mar-22 3,065 3,091 3,053 3,076 3,038 3,070 32 38,752 319,151
May-22 3,015 3,050 3,012 3,033 3,003 3,031 28 232,083 849,921
Jul-22 3,022 3,050 3,011 3,035 2,998 3,030 32 33,690 159,471
Aug-22 3,091 3,115 3,080 3,105 3,071 3,098 27 28,133 71,993
Sep-22 3,090 3,111 3,080 3,101 3,072 3,096 24 18,056 61,056
Nov-22 3,065 3,103 3,065 3,092 3,062 3,086 24 6,169 7,813
Palm Oil
Turnover: 952,024 lots, or 89.69 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Dec-21 9,956 10,150 9,936 10,016 9,956 9,968 12 1,945 5,351
Jan-22 9,458 9,696 9,428 9,490 9,476 9,552 76 813,457 333,763
Feb-22 9,262 9,480 9,236 9,278 9,288 9,334 46 21,161 85,315
Mar-22 8,980 9,126 8,894 8,946 8,980 9,018 38 11,020 44,942
Apr-22 8,676 8,814 8,592 8,644 8,676 8,702 26 10,726 35,621
May-22 8,386 8,522 8,318 8,374 8,422 8,420 -2 91,057 111,373
Jun-22 8,210 8,358 8,154 8,202 8,260 8,258 -2 1,841 6,313
Jul-22 8,058 8,244 7,984 8,132 8,124 8,174 50 62 982
Aug-22 8,092 8,150 7,928 7,958 8,004 7,946 -58 508 3,451
Sep-22 7,782 7,890 7,738 7,794 7,828 7,816 -12 245 788
Oct-22 7,748 7,828 7,748 7,828 7,764 7,788 24 2 162
Nov-22 – – – 7,780 7,780 7,780 0 0 1
Soybean Oil
Turnover: 904,576 lots, or 84.82 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Dec-21 9,756 9,784 9,716 9,782 9,780 9,758 -22 14 2,354
Jan-22 9,508 9,644 9,452 9,466 9,536 9,532 -4 728,451 371,517
Mar-22 9,098 9,180 9,004 9,032 9,116 9,090 -26 21,242 119,696
May-22 8,720 8,806 8,632 8,692 8,734 8,728 -6 130,066 205,498
Jul-22 8,426 8,522 8,356 8,394 8,458 8,442 -16 8,880 74,731
Aug-22 8,422 8,482 8,314 8,354 8,422 8,396 -26 13,420 30,375
Sep-22 8,288 8,396 8,232 8,276 8,326 8,326 0 815 2,247
Nov-22 8,240 8,318 8,148 8,150 8,252 8,210 -42 1,688 785
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