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

WHEAT
General Comments: Wheat closed higher on Friday on the big wind storm that moved through the Great Plains. No damage reports have been heard yet but the wind blew at hurricane force levels and a lot of the soil was blown around and probably shredded the Wheat. The losses could become significant. Futures were mixed for the week, with HRW closing higher and the other markets closing lower. The big loser for the week was the Minneapolis market. Trends are still sideways in all three markets on the daily charts. 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 in Europe although there has been talk of increased offers from Russia. Dry weather in southern Russia as well as the US Great Plains and Canadian Prairies caused a lot less production although Russian production was rated as stronger in the most recent USDA WASDE report. 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 and announced last week that a quota of 8 million tons per month would be put on Wheat exports for the foreseeable future. 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 mixed to down with objectives of 751, 711, and 709 March. Support is at 751, 741, and 726 March, with resistance at 780, 794, and 798 March. Trends in Kansas City are mixed. Support is at 800, 781, and 779 March, with resistance at 822, 834, and 850 March. Trends in Minneapolis are mixed. Support is at 1019, 1009, and 1001 March, and resistance is at 1047, 1056, and 1058 March.

COT — Supplemental Report – Option and Futures Combined Positions as of December 14, 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 444,225
: Positions :
: 52,716 79,548 131,000 63,854 145,425 160,861 46,684 408,431 402,657: 35,794 41,568
: Changes from: December 7, 2021 (Change in open interest: 3,494) :
: -6,296 -841 8,167 2,726 -4,306 -705 1,796 3,893 4,816: -399 -1,322
: Percent of Open Interest Represented by Each Category of Trader :
: 11.9 17.9 29.5 14.4 32.7 36.2 10.5 91.9 90.6: 8.1 9.4
: Total Traders: 363 Number of Traders in Each Category :
: 90 93 123 82 105 47 28 293 286:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of December 14, 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 239,385
: Positions :
: 65,720 38,444 47,443 33,841 121,854 68,231 10,645 215,233 218,386: 24,152 20,999
: Changes from: December 7, 2021 (Change in open interest: -8,131) :
: -2,507 -605 -1,810 -1,323 -4,582 -1,612 -352 -7,252 -7,349: -879 -782
: Percent of Open Interest Represented by Each Category of Trader :
: 27.5 16.1 19.8 14.1 50.9 28.5 4.4 89.9 91.2: 10.1 8.8
: Total Traders: 261 Number of Traders in Each Category :
: 80 35 67 68 88 35 15 210 186:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 14, 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 79,137 :
: Positions :
: 29,715 57,050 1,733 698 875 14,373 1,163 2,682 10,568 2,458 4,044 :
: Changes from: December 7, 2021 :
: 997 686 -59 -38 -66 -89 -755 -57 -131 -254 55 :
: Percent of Open Interest Represented by Each Category of Trader :
: 37.5 72.1 2.2 0.9 1.1 18.2 1.5 3.4 13.4 3.1 5.1 :
: Number of Traders in Each Category Total Traders: 120 :
: 44 52 5 . 4 15 . 4 17 9 14 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 14, 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 17,859 :
: Positions :
: 7,753 10,883 311 2,000 100 7,270 2,446 1,129 374 325 676 :
: Changes from: December 7, 2021 :
: -260 290 311 -400 100 315 0 -100 -261 75 108 :
: Percent of Open Interest Represented by Each Category of Trader :
: 43.4 60.9 1.7 11.2 0.6 40.7 13.7 6.3 2.1 1.8 3.8 :
: Number of Traders in Each Category Total Traders: 23 :
: 6 12 . . . 4 . . . . . :
—————————————————————————————————————-

RICE:
General Comments: Rice was a little lower on Friday and a little lower for the week what appeared to be speculative trading. Futures have now moved lower for the last several weeks after making new highs for the move. Futures and cash market trading have gone quiet for the holidays. 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. Mills have already purchased what they need for the holidays as will not show much interest in the market until the first part of the middle of next month. The cash market is reported to be relatively strong as prices have held firm despite the quiet activity.
Overnight News: The Delta should get isolated showers. Temperatures should be near to above normal.
Chart Analysis: Trends are mixed. Support is at 1360, 1350, and 1339 January and resistance is at 1390, 1400, and 1410 January.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 14, 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 8,737 :
: Positions :
: 4,845 5,456 139 100 0 1,148 553 35 484 692 762 :
: Changes from: December 7, 2021 :
: 652 -847 -6 0 0 -665 26 32 -1 105 228 :
: Percent of Open Interest Represented by Each Category of Trader :
: 55.5 62.4 1.6 1.1 0.0 13.1 6.3 0.4 5.5 7.9 8.7 :
: Number of Traders in Each Category Total Traders: 51 :
: 16 15 . . 0 6 . . 6 9 8 :
—————————————————————————————————————-

CORN AND OATS:
General Comments: Corn closed higher on Friday and for the week on a very strong weekly export sales report and as US interior cash markets are holding strong. The weekly export sales report was the strongest of the year. 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 has been strong for exports and very strong for Ethanol consumption. Demand will be an increasing feature in the trade moving forward and the strong weekly export sales report was important for the market moving forward. Demand has been good so far this season but a lot of the Chinese 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 622 and 647 March. Support is at 589, 582, and 576 March, and resistance is at 599, 605, and 612 March. Trends in Oats are mixed. Support is at 701, 696, and 690 March, and resistance is at 723, 736, and 739 March.

COT — Supplemental Report – Option and Futures Combined Positions as of December 14, 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 1,757,032
: Positions :
: 320,553 64,156 329,525 454,999 1,103,642 478,278 51,462 1,583,355 1,548,785: 173,677 208,246
: Changes from: December 7, 2021 (Change in open interest: 32,849) :
: 12,189 -1,230 14,094 2,514 15,571 468 -567 29,264 27,868: 3,585 4,981
: Percent of Open Interest Represented by Each Category of Trader :
: 18.2 3.7 18.8 25.9 62.8 27.2 2.9 90.1 88.1: 9.9 11.9
: Total Traders: 824 Number of Traders in Each Category :
: 164 108 156 339 426 54 24 639 646:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 14, 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 4,955 :
: Positions :
: 1,449 1,637 73 76 0 550 0 0 305 167 129 :
: Changes from: December 7, 2021 :
: 89 -176 -1 7 0 8 0 0 1 67 -32 :
: Percent of Open Interest Represented by Each Category of Trader :
: 29.2 33.0 1.5 1.5 0.0 11.1 0.0 0.0 6.2 3.4 2.6 :
: Number of Traders in Each Category Total Traders: 21 :
: 7 4 . . 0 5 0 0 . . . :
—————————————————————————————————————-

SOYBEANS
General Comments: Soybeans and Soybean Meal closed higher on Friday and for the week and the trends are turning up on the daily charts. The weekly Soybeans charts suggest higher prices are coming, but the weekly Soybean Meal charts show that this market broke out and then fell back into support areas. Soybean Oil was higher and trends are sideways on both the daily and weekly charts. 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. Rains were reported in Argentina and southern Brazil this week so any weather related concerns have been put aside for now. Even so, it is a La Nina year and that implies drier than normal weather in southern Brazil and Argentina. Reports indicate that some Corn has been lost and ideas are that Soybeans could become stressed if the dry weather returns. 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 to up with objectives of 1305, 1344, and 1348 January. Support is at 1276, 1266, and 1237 January, and resistance is at 12304, 1307, and 1317 January. Trends in Soybean Meal are mixed to up with objectives of 387.00 January. Support is at 370.00, 361.00, and 360.00 January, and resistance is at 384.00 388.00, and 394.00 January. Trends in Soybean Oil are mixed. Support is at 5390, 5200, and 5100 January, with resistance at 5600, 5700, and 5740 January;

COT — Supplemental Report – Option and Futures Combined Positions as of December 14, 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 767,185
: Positions :
: 72,723 55,803 170,644 260,723 416,529 206,899 29,779 710,989 672,755: 56,196 94,430
: Changes from: December 7, 2021 (Change in open interest: -24,394) :
: -1,319 -4,739 -9,024 -14,477 -16,509 -694 5,441 -25,515 -24,830: 1,121 436
: Percent of Open Interest Represented by Each Category of Trader :
: 9.5 7.3 22.2 34.0 54.3 27.0 3.9 92.7 87.7: 7.3 12.3
: Total Traders: 539 Number of Traders in Each Category :
: 119 107 167 193 225 47 26 454 446:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of December 14, 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 451,435
: Positions :
: 49,811 51,913 88,213 148,904 268,314 133,879 14,870 420,807 423,309: 30,627 28,125
: Changes from: December 7, 2021 (Change in open interest: 25,974) :
: -6,244 13,327 10,700 22,346 -650 -1,941 -308 24,862 23,069: 1,112 2,905
: Percent of Open Interest Represented by Each Category of Trader :
: 11.0 11.5 19.5 33.0 59.4 29.7 3.3 93.2 93.8: 6.8 6.2
: Total Traders: 304 Number of Traders in Each Category :
: 71 61 86 93 97 41 21 254 229:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of December 14, 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 434,693
: Positions :
: 54,677 24,452 90,061 113,039 281,690 121,515 9,028 379,292 405,231: 55,401 29,462
: Changes from: December 7, 2021 (Change in open interest: 16,542) :
: 15,575 -5,926 8,381 -8,621 13,376 -410 291 14,925 16,122: 1,617 420
: Percent of Open Interest Represented by Each Category of Trader :
: 12.6 5.6 20.7 26.0 64.8 28.0 2.1 87.3 93.2: 12.7 6.8
: Total Traders: 276 Number of Traders in Each Category :
: 78 41 74 90 92 36 15 240 196:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Palm Oil was lower last week on worries about demand. It was lower today on ideas that demand will be hurt by the return of Covid and the new variants. Traders are mostly worried about India who has been buying Soybean Oil in the US instead of Palm Oil from Malaysia and Indonesia and is also worried about China and its demand for Palm Oil for bio fuels. Improved export demand is reported but still faces headwinds due to the world wide Covid outbreak. Futures held support at about 4750 on the weekly charts and bounced. Reports of new lockdowns in Europe and a new variant of the Coronavirus discovered in 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. Canola was higher on 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.
Overnight News:
Chart Analysis: Trends in Canola are mixed. Support is at 992.00, 976.00, and 961.00 January, with resistance at 1020.00, 1038.00, and 1044.00 January. Trends in Palm Oil are down with objectives of 4160 March Support is at 4350, 4220, and 4160 March, with resistance at 4530, 4580, and 4730 March.

DJ Malaysia Dec. 1-20 Palm Oil Exports 996,331 Tons, 6.6% Lower, AmSpec Says
Malaysia’s palm oil exports for Dec. 1-20 are estimated to have fallen 6.6% from the previous month to 996,331 metric tons, cargo surveyor AmSpec Agri Malaysia said Monday.

The following are the major items in the AmSpec estimate:
(All figures in metric tons)
Dec 1-20 Nov 1-20
RBD Palm Olein 307,730 270,350
RBD Palm Oil 83,365 42,300
RBD Palm Stearin 99,486 80,868
Crude Palm Oil 226,150 384,444
Total* 996,331 1,066,899
*Palm oil product volumes don’t add up to total as some products aren’t included.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 14, 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 199,264 :
: Positions :
: 108,411 163,108 268 7,393 625 62,489 2,579 10,618 6,198 6,404 7,256 :
: Changes from: December 7, 2021 :
: -7,982 -6,997 -83 154 93 1,792 399 -704 -231 -83 -817 :
: Percent of Open Interest Represented by Each Category of Trader :
: 54.4 81.9 0.1 3.7 0.3 31.4 1.3 5.3 3.1 3.2 3.6 :
: Number of Traders in Each Category Total Traders: 255 :
: 60 45 4 6 4 57 7 10 72 30 42 :
—————————————————————————————————————-

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 17
WINNIPEG – The following are the closing cash canola prices
from ICE Futures for Dec. 17, 2021.
Source: ICE Futures
CANOLA
1 Canada NCC Best Bid
Spot Price Basis Contract Change
*Par Region 995.70 -5.30 Jan 22 dn 2.90
Basis: Thunder Bay 1052.70 50.00 Mar 22 up 17.00
Basis: Vancouver 1081.70 79.00 Mar 22 up 17.00
All prices in Canadian dollars per metric ton.
*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 20
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
Jan 1197.50 — Unquoted – –
Feb 1142.50 — Unquoted – –
Mar 1097.50 — Unquoted – –
Apr/May/Jun 1025.00 -22.50 Unquoted – –
Jul/Aug/Sep 997.50 -15.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Jan 1200.00 — Unquoted – –
Feb 1145.00 — Unquoted – –
Mar 1100.00 — Unquoted – –
Apr/May/Jun 1027.50 -22.50 Unquoted – –
Jul/Aug/Sep 1000.00 -15.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Jan 1215.00 — Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Jan 1120.00 — Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jan 4,820.00 — Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jan 488.00 — Unquoted – –
($1=MYR4.225)

DJ China Dalian Grain Futures Closing Prices, Volume – Dec 20
Soybean No. 1
Turnover: 213,137 lots, or 1.28 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-22 6,087 6,137 6,078 6,125 6,087 6,117 30 5,670 10,160
Mar-22 5,963 6,061 5,960 6,017 5,963 6,012 49 157,746 138,150
May-22 6,003 6,079 5,977 6,036 5,989 6,033 44 33,532 23,833
Jul-22 5,966 6,049 5,956 6,008 5,966 6,002 36 16,016 18,438
Sep-22 5,926 6,008 5,920 5,957 5,944 5,968 24 161 478
Nov-22 5,881 5,908 5,863 5,885 5,888 5,896 8 12 658
Corn
Turnover: 720,489 lots, or 19.55 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-22 2,678 2,683 2,650 2,653 2,677 2,665 -12 60,078 129,515
Mar-22 2,690 2,700 2,674 2,678 2,692 2,684 -8 85,935 248,309
May-22 2,731 2,743 2,708 2,714 2,733 2,724 -9 531,898 993,250
Jul-22 2,734 2,747 2,717 2,719 2,738 2,728 -10 29,702 97,084
Sep-22 2,711 2,721 2,693 2,694 2,714 2,703 -11 5,036 26,856
Nov-22 2,688 2,691 2,663 2,663 2,686 2,675 -11 7,840 12,854
Soymeal
Turnover: 1,121,917 lots, or 35.73 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-22 3,347 3,348 3,314 3,333 3,336 3,333 -3 113,888 157,638
Mar-22 3,247 3,252 3,212 3,236 3,235 3,230 -5 44,119 337,346
May-22 3,180 3,180 3,138 3,159 3,165 3,159 -6 850,416 1,279,944
Jul-22 3,168 3,174 3,139 3,158 3,159 3,157 -2 34,470 182,737
Aug-22 3,252 3,252 3,204 3,221 3,223 3,219 -4 36,233 87,129
Sep-22 3,225 3,234 3,200 3,216 3,219 3,217 -2 31,019 98,376
Nov-22 3,232 3,241 3,208 3,228 3,226 3,224 -2 11,721 35,547
Dec-22 3,218 3,247 3,195 3,210 3,218 3,211 -7 51 47
Palm Oil
Turnover: 866,738 lots, or 69.60 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-22 9,098 9,194 8,962 8,964 9,098 9,074 -24 101,509 72,794
Feb-22 8,820 8,888 8,672 8,692 8,854 8,810 -44 30,643 88,796
Mar-22 8,464 8,528 8,300 8,302 8,512 8,430 -82 6,497 42,509
Apr-22 8,168 8,228 7,986 8,002 8,208 8,112 -96 5,407 33,920
May-22 7,928 7,970 7,704 7,708 7,944 7,848 -96 713,256 366,223
Jun-22 7,792 7,824 7,540 7,540 7,792 7,698 -94 5,864 9,239
Jul-22 7,716 7,770 7,528 7,542 7,780 7,642 -138 142 815
Aug-22 7,594 7,660 7,446 7,446 7,644 7,534 -110 230 3,706
Sep-22 7,524 7,562 7,320 7,324 7,554 7,432 -122 3,087 7,870
Oct-22 7,392 7,392 7,326 7,330 7,534 7,368 -166 20 415
Nov-22 7,402 7,468 7,300 7,300 7,486 7,340 -146 78 1,531
Dec-22 7,436 7,436 7,382 7,426 7,444 7,408 -36 5 10
Soybean Oil
Turnover: 775,920 lots, or 65.03 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-22 8,896 8,928 8,698 8,698 8,878 8,826 -52 72,328 69,554
Mar-22 8,542 8,608 8,398 8,404 8,566 8,534 -32 27,395 130,748
May-22 8,368 8,438 8,220 8,222 8,382 8,340 -42 623,074 442,669
Jul-22 8,290 8,330 8,138 8,144 8,298 8,250 -48 20,641 81,956
Aug-22 8,212 8,278 8,094 8,094 8,254 8,212 -42 12,847 36,808
Sep-22 8,176 8,224 8,020 8,038 8,182 8,150 -32 8,249 13,296
Nov-22 8,054 8,102 7,950 7,966 8,092 8,046 -46 11,384 12,258
Dec-22 8,010 8,010 8,002 8,002 8,056 8,006 -50 2 10
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.

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