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 – Dec 13

Source: CME Group

            Contract                         Quantity     Next Trade

Commodity      Month      Delivery Day    Assigned Today  Date Available

SOYBEAN OIL    December   Dec 14, 2021               13   Dec 10, 2021

WHEAT

General Comments:    Wheat closed higher on Friday in recovery trading but lower for the week in part in response to the USDA reports that showed increased US and world ending stocks levels mostly through greater world production and somewhat reduced US export potential.  US exports were reduced by 20 million bushels and imports were reduced by 5 million bushels for a net increase in ending stocks of 15 million bushels.  The increase in world production came mostly from Australia and Russia.  Central and southern parts of the Plains are expected to get a little rain and mild temperatures that would greatly aid in establishment. Trends are still sideways in all three markets.  The market is talking about the buildup of Russian troops along the Ukraine border and fears a war will break out.  A war between these two countries could have severe repercussions for world Wheat trade as both are big producers and exporters.  Ideas have been that the US will have good demand for Wheat as the rest of the northern hemisphere is short production this year but so far demand has been average against previous years.  Offer volumes are down from both Russia and Europe although there has been talk of increased offers from Russia.  Dry weather in southern Russia as well as the northern US Great Plains and Canadian Prairies caused a lot less production and are still supporting the market.  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.  Australia has had too much rain and the crop quality should be diminished, but conditions are drier now and the harvest is moving ahead.  These international moves should increase demand for US Wheat but this has not really happened yet. 

Overnight News:  The southern Great Plains should get mostly dry conditions or isolated showers.  Temperatures should average above normal.  Northern areas should see isolated showers. Temperatures will average above normal.  The Canadian Prairies should see mostly dry conditions but some scattered showers on Wednesday and Thursday.  Temperatures should average below normal.

Chart Analysis:  Trends in Chicago are down with objectives of 751 and 711 March.  Support is at 768, 758, and 751 March, with resistance at 782, 789, and 798 March.  Trends in Kansas City are down with objectives of 777, 769, and 749 March.  Support is at 788, 779, and 770 March, with resistance at 809, 822, and 834 March.  Trends in Minneapolis are mixed.  Support is at 1016, 1009, and 1001 March, and resistance is at 1047, 1056, and 1058 March.

COT — Supplemental Report – Option and Futures Combined Positions as of December 07, 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   440,731

    : Positions                                                                               :

    :   59,012    80,389   122,833    61,127   149,731   161,566    44,888   404,538   397,841:   36,193    42,890

    : Changes from: November 30, 2021          (Change in open interest:      -8,799)         :

    :   -3,212    -3,930       253    -1,614    -3,918    -6,172    -2,487   -10,746   -10,082:    1,947     1,282

    : Percent of Open Interest Represented by Each Category of Trader                         :

    :     13.4      18.2      27.9      13.9      34.0      36.7      10.2      91.8      90.3:      8.2       9.7

    : Total Traders:   364          Number of Traders in Each Category                        :

    :      102        87       120        76       104        47        26       294       279:

——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of December 07, 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   247,516

    : Positions                                                                               :

    :   68,226    39,049    49,253    35,164   126,436    69,843    10,997   222,486   225,735:   25,031    21,782

    : Changes from: November 30, 2021          (Change in open interest:      -3,863)         :

    :   -3,712       315       500    -2,156    -3,707      -860    -1,336    -6,228    -4,227:    2,365       364

    : Percent of Open Interest Represented by Each Category of Trader                         :

    :     27.6      15.8      19.9      14.2      51.1      28.2       4.4      89.9      91.2:     10.1       8.8

    : Total Traders:   252          Number of Traders in Each Category                        :

    :       73        39        63        59        81        36        16       199       175:

——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 7, 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    79,583                :

: Positions                                                                                                    :

:   28,718    56,364     1,792       736       941    14,463     1,918     2,739    10,699     2,712     3,990 :

: Changes from:     November 30, 2021                                                                          :

:      548      -776      -251        38       411      -767       892      -340      -671       458       148 :

: Percent of Open Interest Represented by Each Category of Trader                                              :

:     36.1      70.8       2.3       0.9       1.2      18.2       2.4       3.4      13.4       3.4       5.0 :

: Number of Traders in Each Category                                  Total Traders:   117                     :

:       42        51         4         .         4        15         4         4        15        10        14 :

—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 7, 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    17,886                :

: Positions                                                                                                    :

:    8,013    10,593         0     2,400         0     6,955     2,446     1,229       635       250       568 :

: Changes from:     November 30, 2021                                                                          :

:     -111      -209         0      -300         0      -300         0       140      -232       -50       166 :

: Percent of Open Interest Represented by Each Category of Trader                                              :

:     44.8      59.2       0.0      13.4       0.0      38.9      13.7       6.9       3.6       1.4       3.2 :

: Number of Traders in Each Category                                  Total Traders:    22                     :

:        6        12         0         .         0         4         .         .         .         .         . :

—————————————————————————————————————-

RICE:

General Comments:  Rice was slightly higher on Friday but lower for the week on what appeared to be speculative selling.  USDA made only small changes to supply and demand in the latest WASDE estimates.  Small changes were noted in the world estimates as well.  Traders were preparing for the next round of WASDE reports that will be issued later today.  Futures have held some important support areas on the daily and weekly charts but act weak.  Many producers are done harvesting and are hunting and not interested in selling at a time that is traditionally the cheapest prices of the year.  The cash market is reported to be relatively strong. 

Overnight News:  The Delta should get isolated showers. Temperatures should be near to above normal.

Chart Analysis:  Trends are mixed to down with objectives of 1376 and 1357 January.  Support is at 1376, 1368, and 1350 January and resistance is at 1400, 1410, and 1423 January.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 7, 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     8,929                :

: Positions                                                                                                    :

:    4,194     6,303       145       100         0     1,813       527         3       485       587       534 :

: Changes from:     November 30, 2021                                                                          :

:      308      -182       -74         0         0      -137         0         1       -31        99       -34 :

: Percent of Open Interest Represented by Each Category of Trader                                              :

:     47.0      70.6       1.6       1.1       0.0      20.3       5.9       0.0       5.4       6.6       6.0 :

: Number of Traders in Each Category                                  Total Traders:    54                     :

:       12        19         .         .         0        10         .         .         6         8         6 :

—————————————————————————————————————-

CORN AND OATS:

General Comments:  Corn closed a little higher last week and trends are turning up on the daily and weekly charts.  USDA made no changed to US supply and demand data but increased world production and ending stocks by a little bit.  There had been some talk of reduced US demand so the fact that it was left unchanged was considered a little bullish.  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 mostly done harvesting and not selling.  Demand will be an increasing feature in the trade moving forward and Mexico was a huge buyer yesterday.  Demand has been good so far this season but a lot of business has gone to Ukraine this Fall.  That is expected to change over the Winter as Ukraine exportable supplies start to run low.  It could change further is Russia invades Ukraine in the future.  Interior basis levels are reported to be strong due to strong 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: 

Chart Analysis:  Trends in Corn are mixed to up with objectives of 616 and 643 March.  Support is at 583, 576, and 572 March, and resistance is at 594, 597, and 603 March.  Trends in Oats are mixed.  Support is at 696, 690, and 673 March, and resistance is at 723, 736, and 739 March.

COT — Supplemental Report – Option and Futures Combined Positions as of December 07, 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 1,724,182

    : Positions                                                                               :

    :  308,364    65,386   315,431   452,485 1,088,071   477,811    52,029 1,554,091 1,520,917:  170,092   203,265

    : Changes from: November 30, 2021          (Change in open interest:      42,788)         :

    :   13,003    -8,331     8,345    17,057    45,961    -2,257     3,004    36,148    48,979:    6,640    -6,191

    : Percent of Open Interest Represented by Each Category of Trader                         :

    :     17.9       3.8      18.3      26.2      63.1      27.7       3.0      90.1      88.2:      9.9      11.8

    : Total Traders:   829          Number of Traders in Each Category                        :

    :      158       109       159       339       434        53        25       638       654:

——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 7, 2021

:                                             Reportable Positions                                             :

:————————————————————————————————————- :

: Producer/Merchant :                             :                             :                              :

:  Processor/User   :        Swap Dealers         :        Managed Money        :      Other Reportables       :

:   Long  :  Short  :   Long  :  Short  :Spreading:   Long  :  Short  :Spreading:   Long  :  Short  :Spreading :

—————————————————————————————————————-

OATS – CHICAGO BOARD OF TRADE   (CONTRACTS OF 5,000 BUSHELS)                                                   :

CFTC Code #004603                                                    Open Interest is     4,827                :

: Positions                                                                                                    :

:    1,360     1,813        74        69         0       542         0         0       304       100       161 :

: Changes from:     November 30, 2021                                                                          :

:        6      -233        -4         0         0        10         0         0       -13         0       -12 :

: Percent of Open Interest Represented by Each Category of Trader                                              :

:     28.2      37.6       1.5       1.4       0.0      11.2       0.0       0.0       6.3       2.1       3.3 :

: Number of Traders in Each Category                                  Total Traders:    22                     :

:        8         5         .         .         0         5         0         0         .         .         . :

—————————————————————————————————————-

SOYBEANS

General Comments:  Soybeans were little changed last week while Soybean Meal closed higher and Soybean Oil closed lower and the trends are still mixed on the daily charts.  USDA made no changes to its US supply and demand and ending stocks estimates.  It also made no changes to South American production estimates.  Soybean Oil closed lower despite the price action in competing oils and Crude Oil on news that the Biden administration had reduced renewable fuels blending requirements for refiners.  Traders were preparing for the WASDE reports that will be released later today.  Reports indicate that farmers are limited sellers at best.  Planting and initial crop development is going very well in Brazil but it has turned dry in southern Brazil and Argentina and some weather related support is coming to the futures market.  Brazil could have soybeans ready for export by the end of February and the crop potential is up to 150 million tons. 

Overnight News:  

Chart Analysis:  Trends in Soybeans are mixed.  Support is at 1258, 1254, and 1237 January, and resistance is at 1276, 1281, and 1289 January.  Trends in Soybean Meal are up with objectives of 370.00, 374.00, and 387.00 January.   Support is at 360.00, 353.00, and 347.00 January, and resistance is at 370.00 376.00, and 381.00 January.  Trends in Soybean Oil are down with objectives of 5200 January.  Support is at 5360, 5300, and 5240 January, with resistance at 5500, 5700, and 5740 January;

DJ Brazil Farmers Finishing Up Soybean Planting — Market Talk

  10:14 ET – Brazilian farmers are close to finishing their soybean planting work for the 2021-2022 growing season, AgRural says. Work had finished on 96% of the estimated area planted with the oilseeds as of Thursday, AgRural says. That was up from 94% a week earlier and in line with the 95% finished on the same date a year earlier, the group says. Planting in some parts of the southern states of Santa Catarina and Rio Grande do Sul has been delayed due to unusually dry weather, and there are some cases of farmers in the latter state replanting areas where crop development has been hurt by the lack of rain, AgRural says. Concern is also increasing over the state of the crop in another southern state, Parana, where fields in the western part have been subject to high temperatures and scarce precipitation, the consultancy says. (jeffrey.lewis@wsj.com)

COT — Supplemental Report – Option and Futures Combined Positions as of December 07, 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   791,580

    : Positions                                                                               :

    :   74,042    60,542   179,668   275,201   433,038   207,594    24,338   736,504   697,585:   55,075    93,994

    : Changes from: November 30, 2021          (Change in open interest:         700)         :

    :      883    -6,063    10,867    -4,539    -3,320    -8,391      -135    -1,180     1,350:    1,879      -650

    : Percent of Open Interest Represented by Each Category of Trader                         :

    :      9.4       7.6      22.7      34.8      54.7      26.2       3.1      93.0      88.1:      7.0      11.9

    : Total Traders:   543          Number of Traders in Each Category                        :

    :      118       107       173       192       225        48        26       453       454:

——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of December 07, 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   425,461

    : Positions                                                                               :

    :   56,055    38,585    77,513   126,558   268,964   135,820    15,178   395,946   400,241:   29,515    25,220

    : Changes from: November 30, 2021          (Change in open interest:     -11,057)         :

    :   -3,695    -4,534    -5,540     4,557    -1,551    -4,943     2,689    -9,621    -8,936:   -1,436    -2,121

    : Percent of Open Interest Represented by Each Category of Trader                         :

    :     13.2       9.1      18.2      29.7      63.2      31.9       3.6      93.1      94.1:      6.9       5.9

    : Total Traders:   285          Number of Traders in Each Category                        :

    :       78        42        76        88        91        41        20       244       205:

——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of December 07, 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   418,151

    : Positions                                                                               :

    :   39,102    30,378    81,680   121,660   268,313   121,925     8,738   364,367   389,109:   53,784    29,042

    : Changes from: November 30, 2021          (Change in open interest:     -12,166)         :

    :   -6,324     4,752    -3,865       496   -15,108    -3,182      -200   -12,875   -14,421:      709     2,254

    : Percent of Open Interest Represented by Each Category of Trader                         :

    :      9.4       7.3      19.5      29.1      64.2      29.2       2.1      87.1      93.1:     12.9       6.9

    : Total Traders:   267          Number of Traders in Each Category                        :

    :       56        54        74        88        90        36        16       225       199:

——————————————————————————————————————-

CANOLA AND PALM OIL

General Comments Palm Oil was lower last week on speculative selling in risk off trading and was lower today.  Improved export demand is reported but still faces headwinds due to the world wide Covid outbreak along with worries about demand.  Futures are now at the lower end of the range.  Reports of new lockdowns in Europe and a new variant of the Coronavirus discovered n Africa hurt demand ideas on Friday and caused speculative selling to reduce risk.  Support still comes from ideas that supply and demand are in balance or supplies are short.  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.  MPOB reported lower ending stocks in November than in October on Friday.  Canola was lower last week along with price action in Chicago Soybean Oil and on the Coronavirus news and its potential effects on demand.  Farmers are bullish and reluctant to sell because of the sharp reduction in Canola production in Canada this year.  However, competing oils are down hard and Canola needed to fall as well.  Soybean Oil was also lower as the Biden administration has cut some of the mandates for bio fuels blending in the US.  

Overnight News:

Chart Analysis:  Trends in Canola are mixed.  Support is at 997.00, 976.00, and 961.00 January, with resistance at 1020.00, 1038.00, and 1044.00 January.  Trends in Palm Oil are mixed.  Support is at 4730, 45680, and 4540 February, with resistance at 4850, 5000, and 5030 February.

DJ Malaysia Dec. 1-10 Palm Oil Exports Down 2.6%, SGS Says

  Malaysia’s palm oil exports during the Dec. 1-10 period are estimated down 2.6% on month at 548,379 metric tons, cargo surveyor SGS (Malaysia) Bhd. said Monday.

  The following are the major items in the SGS estimate:

  (All figures in metric tons)

                               Dec. 1-10            Nov. 1-10

   RBD Palm Olein                174,647              158,265

   RBD Palm Oil                   43,080               27,760

   RBD Palm Stearin               53,135               47,683

   Crude Palm Oil                108,620              161,850

   Total*                        548,379              563,093

  *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.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 7, 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   207,173                :

: Positions                                                                                                    :

:  116,393   170,105       351     7,239       532    60,697     2,180    11,322     6,429     6,487     8,073 :

: Changes from:     November 30, 2021                                                                          :

:   -4,118    -3,100        27      -744      -124     1,317       -16       627      -821       966      -171 :

: Percent of Open Interest Represented by Each Category of Trader                                              :

:     56.2      82.1       0.2       3.5       0.3      29.3       1.1       5.5       3.1       3.1       3.9 :

: Number of Traders in Each Category                                  Total Traders:   260                     :

:       57        43         4         6         .        60         6        12        74        31        45 :

—————————————————————————————————————-

Midwest Weather Forecast:   Mostly dry but some precipitation is likely about Thursday.  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 – Dec 10

     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         1008.00     0.00     Jan. 2022    dn  2.70

Basis: Thunder Bay  1055.60    50.00     Jan. 2022    dn  2.40

Basis: Vancouver    1080.60    75.00     Jan. 2022    dn  2.40

     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 – December 13

  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               1312.50     -05.00        Unquoted   –        –

Jan/Feb/Mar       1202.50     -05.00        Unquoted   –        –

Apr/May/Jun       1080.00     -07.50        Unquoted   –        –

Jul/Aug/Sep       1027.50     -05.00        Unquoted   –        –

RBD palm olein, FOB, Malaysian ports

                   Offer       Change       Bid        Change   Traded

Dec                1315.00     -05.00       Unquoted   –        –

Jan/Feb/Mar        1205.00     -05.00       Unquoted   –        –

Apr/May/Jun        1082.50     -07.50       Unquoted   –        –

Jul/Aug/Sep        1030.00     -05.00       Unquoted   –        –

RBD palm stearin, FOB, Malaysian ports

                    Offer       Change        Bid        Change   Traded

Dec                 1315.00     -05.00        Unquoted   –        –

Palm Fatty Acid Distillate, FOB Malaysian ports

                     Offer       Change        Bid        Change   Traded

Dec                 1210.00     -10.00        Unquoted   –        –

Crude palm oil, Delivered Basis, South Malaysia

                      Offer       Change        Bid        Change   Traded

Dec                 5,270.00    -10.00        Unquoted   –        –

Palm kernel oil, Delivered Basis, South Malaysia

                       Offer       Change        Bid        Change   Traded

Dec                   507.00    -01.00        Unquoted   –        –

($1=MYR4.225)

DJ China Dalian Grain Futures Closing Prices, Volume – Dec 13

Soybean No. 1

Turnover: 206,048 lots, or 12.28 billion yuan

            Open      High       Low     Close     Prev.    Settle       Ch.       Vol      Open

                                                  Settle                                Interest

Jan-22     6,048     6,111     6,048     6,066     6,054     6,084        30    39,920    24,916

Mar-22     5,880     5,968     5,878     5,924     5,898     5,925        27   138,469   158,497

May-22     5,928     5,983     5,890     5,937     5,929     5,946        17    18,734    25,384

Jul-22     5,897     5,961     5,866     5,914     5,903     5,929        26     8,759    15,206

Sep-22     5,869     5,934     5,865     5,882     5,870     5,888        18       122       501

Nov-22     5,854     5,869     5,841     5,862     5,833     5,858        25        44       659

Corn

Turnover: 1,077,242 lots, or 2.92 billion yuan

            Open      High       Low     Close     Prev.    Settle       Ch.       Vol      Open

                                                  Settle                                Interest

Jan-22     2,659     2,683     2,653     2,677     2,645     2,673        28   175,806   215,229

Mar-22     2,669     2,699     2,667     2,691     2,659     2,686        27    89,732   235,146

May-22     2,709     2,742     2,701     2,732     2,693     2,727        34   760,333   965,124

Jul-22     2,708     2,742     2,704     2,734     2,696     2,730        34    27,182    97,390

Sep-22     2,691     2,723     2,689     2,716     2,684     2,711        27     7,191    25,016

Nov-22     2,677     2,701     2,671     2,691     2,663     2,687        24    16,998    11,446

Soymeal

Turnover: 1,039,564 lots, or 32.95 billion yuan

            Open      High       Low     Close     Prev.    Settle       Ch.       Vol        Open

                                                  Settle                                  Interest

Dec-21         –         –         –     3,252     3,252     3,252         0         0       1,450

Jan-22     3,304     3,326     3,291     3,304     3,290     3,308        18   173,805     376,732

Mar-22     3,175     3,201     3,166     3,169     3,150     3,182        32    50,236     340,667

May-22     3,130     3,155     3,118     3,124     3,111     3,134        23   704,516   1,208,914

Jul-22     3,125     3,141     3,112     3,117     3,094     3,127        33    40,844     185,569

Aug-22     3,182     3,209     3,179     3,181     3,161     3,191        30    34,043      82,964

Sep-22     3,179     3,198     3,174     3,178     3,162     3,186        24    27,544      88,716

Nov-22     3,185     3,206     3,183     3,185     3,173     3,192        19     8,576      37,351

Palm Oil

Turnover: 1,011,741 lots, or 84.69 billion yuan

            Open      High       Low     Close     Prev.    Settle       Ch.       Vol      Open

                                                  Settle                                Interest

Dec-21         –         –         –     9,900     9,900     9,900         0         0     1,624

Jan-22     9,200     9,264     8,950     9,060     9,218     9,104      -114   303,783   121,756

Feb-22     9,120     9,132     8,832     8,954     9,080     8,964      -116    30,442    85,189

Mar-22     8,736     8,774     8,506     8,600     8,718     8,612      -106    11,262    42,254

Apr-22     8,360     8,450     8,182     8,278     8,386     8,284      -102     6,462    33,793

May-22     8,094     8,154     7,888     7,986     8,088     8,006       -82   650,528   318,520

Jun-22     7,900     7,964     7,700     7,790     7,896     7,820       -76     5,633     7,842

Jul-22     7,646     7,726     7,646     7,726     7,804     7,698      -106         3       780

Aug-22     7,628     7,628     7,628     7,628     7,646     7,628       -18         1     4,103

Sep-22     7,594     7,646     7,448     7,548     7,584     7,522       -62     3,435     5,535

Oct-22     7,518     7,518     7,372     7,402     7,496     7,438       -58         8       284

Nov-22     7,274     7,322     7,206     7,272     7,354     7,306       -48       184     1,433

Soybean Oil

Turnover: 936,113 lots, or 79.64 billion yuan

            Open      High       Low     Close     Prev.    Settle       Ch.       Vol      Open

                                                  Settle                                Interest

Dec-21         –         –         –     9,350     9,350     9,350         0         0         0

Jan-22     9,044     9,086     8,888     8,932     9,062     8,974       -88   196,716   156,026

Mar-22     8,718     8,744     8,576     8,622     8,712     8,646       -66    31,907   127,779

May-22     8,432     8,476     8,292     8,380     8,444     8,382       -62   662,769   385,767

Jul-22     8,324     8,390     8,180     8,262     8,330     8,268       -62    19,919    79,662

Aug-22     8,260     8,296     8,130     8,202     8,274     8,214       -60     9,676    33,087

Sep-22     8,174     8,226     8,060     8,120     8,212     8,132       -80     5,960     5,674

Nov-22     8,128     8,148     7,952     8,032     8,124     8,044       -80     9,166     4,797

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