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 November 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 Nov 1 11.948M 11.973M 100 99.7 98.9- 100.1
Placed in Oct 2.245M 2.192M 102 102.4 98.5- 104.9
Marketed in Oct 1.788M 1.873M 95 96.1 95.7- 97.8
Note: USDA rounds its estimates to the nearest whole number.

DJ Brazil Soybean, Corn Planting Advance Amid Sparse Rain in South — Market Talk
0733 ET – Brazilian farmers moved closer to finishing their soybean and corn planting work amid signs scant rainfall in Rio Grande do Sul state might damage part of the corn crop there, according to agricultural consultancy AgRural. Farmers had finished planting on 86% of the estimated area planted with the oilseeds as of Nov. 18, up from 78% a week earlier and from 81% a year earlier, the group said. Planting for the summer corn crop was 91% finished in Brazil’s Center-South states, and some farmers in Rio Grande do Sul are already reporting potential losses in areas that were planted in September and have received little rain since then, AgRural said. (jeffrey.lewis@wsj.com)

WHEAT
General Comments: Wheat closed lower Friday and for the week in all three markets and prices are back in the recent trading range for the Winter Wheat markets. Minneapolis continues to show topping potential and closed on a weak note on Friday. Speculators appeared to be the best sellers and were reported to be liquidating longs. 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. Russia has already increased export taxes to control the flow of export Wheat out of the country. 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 mostly dry conditions. Temperatures will average near to below normal. The Canadian Prairies should see mostly dry conditions. Temperatures should average below normal.
Chart Analysis: Trends in Chicago are mixed. Support is at 810, 798, and 780 December, with resistance at 843, 848, and 854 December. Trends in Kansas City are mixed. Support is at 814, 802, and 796 December, with resistance at 843, 850, and 854 December. Trends in Minneapolis are mixed. Support is at 1005, 999, and 984 December, and resistance is at 1030, 1044, and 10648 December.

COT — Supplemental Report – Option and Futures Combined Positions as of November 16, 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 565,036
: Positions :
: 69,424 77,694 187,038 89,236 196,164 181,543 57,899 527,241 518,795: 37,795 46,241
: Changes from: November 9, 2021 (Change in open interest: 41,777) :
: 9,364 -1,265 14,035 12,237 26,843 6,822 -194 42,458 39,420: -681 2,357
: Percent of Open Interest Represented by Each Category of Trader :
: 12.3 13.8 33.1 15.8 34.7 32.1 10.2 93.3 91.8: 6.7 8.2
: Total Traders: 411 Number of Traders in Each Category :
: 130 94 152 82 114 47 30 340 322:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of November 16, 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 273,576
: Positions :
: 67,669 38,402 62,949 38,382 132,532 77,927 16,915 246,927 250,798: 26,649 22,778
: Changes from: November 9, 2021 (Change in open interest: 8,616) :
: 442 -1,723 2,927 -551 3,844 3,927 4,385 6,744 9,433: 1,872 -817
: Percent of Open Interest Represented by Each Category of Trader :
: 24.7 14.0 23.0 14.0 48.4 28.5 6.2 90.3 91.7: 9.7 8.3
: Total Traders: 266 Number of Traders in Each Category :
: 72 41 78 66 85 36 16 218 193:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 16, 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 82,158 :
: Positions :
: 25,675 59,013 1,960 796 948 15,483 520 2,445 12,022 1,834 5,492 :
: Changes from: November 9, 2021 :
: -1,065 -2,084 -20 11 -9 -1,257 276 -560 314 92 337 :
: Percent of Open Interest Represented by Each Category of Trader :
: 31.3 71.8 2.4 1.0 1.2 18.8 0.6 3.0 14.6 2.2 6.7 :
: Number of Traders in Each Category Total Traders: 121 :
: 52 58 4 . 4 19 . 6 14 6 13 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 16, 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 17,511 :
: Positions :
: 6,883 10,709 0 2,411 380 8,225 2,046 679 440 300 605 :
: Changes from: November 9, 2021 :
: 1,406 -818 0 291 100 179 2,046 679 -249 0 200 :
: Percent of Open Interest Represented by Each Category of Trader :
: 39.3 61.2 0.0 13.8 2.2 47.0 11.7 3.9 2.5 1.7 3.5 :
: Number of Traders in Each Category Total Traders: 23 :
: 4 11 0 . . 4 . . . . . :
—————————————————————————————————————-

RICE:
General Comments: Rice was near unchanged on Friday but higher for the week. The weekly charts show that the rally continues and has made new highs with futures trading above 1400/cwt for the first time in more than a year. The cash market is also reported to be stronger, especially in Texas. Weekly chart trends are now up. Daily charts show up trends and that futures have broken through important resistance areas. The crop has been largely harvested in all states. Export demand has been good but not great so far and 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 no objectives. Support is at 1436, 1422, and 1410 January and resistance is at 1464, 1476, and 1488 January.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 16, 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 8,282 :
: Positions :
: 4,804 5,104 151 100 0 863 1,101 5 557 392 558 :
: Changes from: November 9, 2021 :
: -776 979 1 0 0 486 -1,034 2 -190 -117 -358 :
: Percent of Open Interest Represented by Each Category of Trader :
: 58.0 61.6 1.8 1.2 0.0 10.4 13.3 0.1 6.7 4.7 6.7 :
: Number of Traders in Each Category Total Traders: 48 :
: 12 15 . . 0 7 5 . 6 5 6 :
—————————————————————————————————————-

CORN AND OATS:
General Comments: Corn closed lower in range trading last week but the daily charts suggest a correction down is coming in the short term. The weekly charts still suggest higher prices are coming longer term and the fundamentals do as well. 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. Demand has been good so far this season. Yield reports have been mixed but generally strong. 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 higher but held the recent trading range.
Overnight News:
Chart Analysis: Trends in Corn are mixed. Support is at 566, 563, and 555 December, and resistance is at 577, 582, and 584 December. Trends in Oats are mixed to up with objectives of 792 and 796 December. Support is at 737, 710, and 702 December, and resistance is at 767, 775, and 782 December.

COT — Supplemental Report – Option and Futures Combined Positions as of November 16, 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 2,075,468
: Positions :
: 317,502 67,103 518,227 538,153 1,146,100 518,261 108,854 1,892,142 1,840,284: 183,326 235,184
: Changes from: November 9, 2021 (Change in open interest: 73,356) :
: 17,746 -557 31,513 -3,299 18,635 28,793 24,883 74,753 74,474: -1,397 -1,118
: Percent of Open Interest Represented by Each Category of Trader :
: 15.3 3.2 25.0 25.9 55.2 25.0 5.2 91.2 88.7: 8.8 11.3
: Total Traders: 861 Number of Traders in Each Category :
: 190 112 194 384 429 54 28 723 685:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 16, 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 6,322 :
: Positions :
: 1,986 2,673 80 60 0 486 0 0 318 108 593 :
: Changes from: November 9, 2021 :
: -34 -82 0 60 0 89 0 0 -5 -7 19 :
: Percent of Open Interest Represented by Each Category of Trader :
: 31.4 42.3 1.3 0.9 0.0 7.7 0.0 0.0 5.0 1.7 9.4 :
: Number of Traders in Each Category Total Traders: 25 :
: 9 8 . . 0 6 0 0 . . . :
—————————————————————————————————————-

SOYBEANS
General Comments: Soybeans and Soybean Oil closed lower primarily as Soybeans moved back down to test support at the breakout levels just below the lows of the day yesterday. Soybean Oil weakened due to weakness in Crude Oil futures and subsequent demand concerns due to the potential for closings to return due to a resurgence of the Coronavirus. Soybean Meal was higher as demand has greatly improved in the US and Canada with no big amounts of Rapeseed or Canola Meal available. The breakout has held so far. 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. Brazil could have soybeans ready for export by the end of February and the crop potential is up to 150 million tons. 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 up with objectives of 1354 and 1447 January. Support is at 1247, 1241, and 1222 January, and resistance is at 1289, 1292, and 1304 January. Trends in Soybean Meal are up with no objectives. Support is at 367.00, 358.00, and 355.00 December, and resistance is at 376.00 379.00, and 382.00 December. Trends in Soybean Oil are mixed to up with objectives of 6200 and 6440 December. Support is at 5750, 5700, and 5600 December, with resistance at 5900, 5990, and 61060 December.

COT — Supplemental Report – Option and Futures Combined Positions as of November 16, 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 785,185
: Positions :
: 71,127 74,864 164,740 272,733 422,181 222,147 25,476 730,747 687,261: 54,438 97,925
: Changes from: November 9, 2021 (Change in open interest: 19,618) :
: 2,640 -10,061 4,596 12,458 22,633 71 -1,975 19,766 15,194: -148 4,424
: Percent of Open Interest Represented by Each Category of Trader :
: 9.1 9.5 21.0 34.7 53.8 28.3 3.2 93.1 87.5: 6.9 12.5
: Total Traders: 565 Number of Traders in Each Category :
: 103 135 167 186 233 51 22 446 470:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of November 16, 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 495,844
: Positions :
: 70,063 39,783 110,554 132,284 297,677 149,374 23,793 462,275 471,808: 33,569 24,036
: Changes from: November 9, 2021 (Change in open interest: 10,988) :
: 307 4,107 1,351 4,523 5,122 964 -403 7,145 10,178: 3,843 810
: Percent of Open Interest Represented by Each Category of Trader :
: 14.1 8.0 22.3 26.7 60.0 30.1 4.8 93.2 95.2: 6.8 4.8
: Total Traders: 301 Number of Traders in Each Category :
: 84 48 74 89 99 43 23 253 216:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of November 16, 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 519,884
: Positions :
: 54,530 28,506 134,119 138,678 303,875 131,350 21,425 458,678 487,926: 61,205 31,958
: Changes from: November 9, 2021 (Change in open interest: 20,712) :
: 2,065 -24,426 13,742 -3,815 27,775 7,350 3,425 19,342 20,516: 1,370 195
: Percent of Open Interest Represented by Each Category of Trader :
: 10.5 5.5 25.8 26.7 58.5 25.3 4.1 88.2 93.9: 11.8 6.1
: Total Traders: 285 Number of Traders in Each Category :
: 79 41 87 97 95 34 20 251 211:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Palm Oil was a little higher last week on ideas of weak production ahead and good demand, especially from China for fuel uses. Futures are still caught in a trading range on the weekly charts but are now at the upper end of the 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 along with price action in Chicago Soybean Oil. 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 993.00, 979.00, and 961.00 January, with resistance at 1020.00, 1030.00, and 1038 .00 January. Trends in Palm Oil are up with objectives of 5340 and 5770 February. Support is at 4910, 4790, and 4700 February, with resistance at 5110, 5180, and 5240 February.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 16, 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 203,931 :
: Positions :
: 119,722 169,311 302 7,859 717 55,319 1,650 7,942 7,656 5,535 9,396 :
: Changes from: November 9, 2021 :
: -5,609 -5,750 63 36 -72 39 402 -109 1,012 18 2,121 :
: Percent of Open Interest Represented by Each Category of Trader :
: 58.7 83.0 0.1 3.9 0.4 27.1 0.8 3.9 3.8 2.7 4.6 :
: Number of Traders in Each Category Total Traders: 276 :
: 52 42 4 6 . 64 6 11 83 36 38 :
—————————————————————————————————————-

Midwest Weather Forecast: Mostly dry early this week, some showers likely late this week in eastern areas. 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
Augustg July July July

DJ ICE Canada Cash Grain Close – Nov 19
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 1019.10 5.00 Jan. 2022 up 10.40
Basis: Thunder Bay 1050.60 45.00 Jan. 2022 dn 8.50
Basis: Vancouver 1085.60 80.00 Jan. 2022 dn 8.50
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 22
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
Dec 1362.50 -05.00 Unquoted – –
Jan/Feb/Mar 1262.50 -05.00 Unquoted – –
Apr/May/Jun 1140.00 -07.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Dec 1365.00 -05.00 Unquoted – –
Jan/Feb/Mar 1265.00 -05.00 Unquoted – –
Apr/May/Jun 1142.50 -07.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Dec 1345.00 -05.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Dec 1225.00 -05.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Dec 5,420.00 -50.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Dec 530.00 -03.00 Unquoted – –
($1=MYR4.184)

DJ China Dalian Grain Futures Closing Prices, Volume – Nov 22
Soybean No. 1
Turnover: 213,621 lots, or 13.42 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-22 6,279 6,349 6,243 6,262 6,328 6,288 -40 169,675 98,414
Mar-22 6,244 6,304 6,212 6,222 6,301 6,254 -47 30,938 83,649
May-22 6,260 6,295 6,216 6,231 6,285 6,254 -31 7,931 9,643
Jul-22 6,198 6,231 6,150 6,163 6,242 6,193 -49 4,994 9,720
Sep-22 6,019 6,129 6,019 6,070 6,134 6,079 -55 83 332
Nov-22 – – – 5,968 5,968 5,968 0 0 28
Corn
Turnover: 752,932 lots, or 20.21 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-22 2,705 2,712 2,666 2,670 2,694 2,682 -12 534,221 702,301
Mar-22 2,685 2,700 2,657 2,664 2,681 2,668 -13 43,027 215,061
May-22 2,703 2,716 2,681 2,690 2,703 2,693 -10 136,969 395,213
Jul-22 2,701 2,706 2,678 2,690 2,696 2,690 -6 26,331 85,594
Sep-22 2,687 2,693 2,670 2,685 2,686 2,680 -6 2,593 12,721
Nov-22 2,672 2,673 2,651 2,665 2,671 2,661 -10 9,791 4,858
Soymeal
Turnover: 1,056,687 lots, or 33.17 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Dec-21 3,288 3,288 3,257 3,275 3,288 3,268 -20 364 8,338
Jan-22 3,200 3,212 3,175 3,202 3,210 3,190 -20 673,075 822,959
Mar-22 3,079 3,084 3,054 3,078 3,084 3,066 -18 28,394 327,484
May-22 3,042 3,050 3,021 3,045 3,046 3,033 -13 253,514 827,605
Jul-22 3,040 3,048 3,022 3,048 3,047 3,033 -14 41,967 164,423
Aug-22 3,110 3,120 3,089 3,120 3,113 3,100 -13 37,083 70,308
Sep-22 3,093 3,113 3,088 3,109 3,110 3,099 -11 10,627 62,704
Nov-22 3,111 3,121 3,096 3,119 3,111 3,108 -3 11,663 16,489
Palm Oil
Turnover: 1,323,388 lots, or 12.77 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Dec-21 10,274 10,466 10,150 10,206 10,274 10,288 14 396 4,168
Jan-22 9,880 10,018 9,654 9,692 9,842 9,818 -24 1,101,556 325,865
Feb-22 9,686 9,820 9,496 9,534 9,616 9,642 26 27,641 86,013
Mar-22 9,342 9,462 9,150 9,190 9,282 9,284 2 8,232 45,801
Apr-22 9,020 9,124 8,804 8,836 8,954 8,964 10 10,580 34,924
May-22 8,650 8,812 8,498 8,534 8,676 8,630 -46 170,698 137,699
Jun-22 8,432 8,586 8,302 8,334 8,494 8,424 -70 3,260 6,731
Jul-22 8,214 8,478 8,202 8,202 8,354 8,284 -70 34 843
Aug-22 8,132 8,234 8,014 8,014 8,168 8,208 40 311 3,038
Sep-22 7,976 8,084 7,850 7,868 8,022 7,926 -96 671 1,378
Oct-22 7,992 8,000 7,812 7,846 7,968 7,916 -52 7 154
Nov-22 7,800 7,802 7,800 7,802 7,874 7,800 -74 2 7
Soybean Oil
Turnover: 1,233,070 lots, or 11.56 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Dec-21 9,820 9,820 9,820 9,820 9,928 9,820 -108 1 1,572
Jan-22 9,586 9,708 9,440 9,470 9,660 9,532 -128 952,591 350,017
Mar-22 9,260 9,354 9,116 9,134 9,280 9,196 -84 26,412 121,001
May-22 8,840 8,964 8,758 8,770 8,950 8,834 -116 227,473 235,404
Jul-22 8,606 8,694 8,470 8,506 8,654 8,572 -82 16,395 74,198
Aug-22 8,564 8,644 8,432 8,460 8,610 8,516 -94 6,003 30,997
Sep-22 8,458 8,560 8,360 8,418 8,534 8,424 -110 1,388 2,299
Nov-22 8,308 8,462 8,246 8,278 8,432 8,338 -94 2,807 1,565
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