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 USDA Grain Inspections for Export in Metric Tons – Dec 27

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 DEC 23, 2021

                            — METRIC TONS —

————————————————————————-

                                                   CURRENT     PREVIOUS

             ———– WEEK ENDING ———-  MARKET YEAR  MARKET YEAR

  GRAIN      12/23/2021  12/16/2021  12/24/2020    TO DATE     TO DATE

BARLEY              0           0       3,193       10,010       20,944

CORN          719,031   1,001,528   1,266,318   12,033,240   14,129,328

FLAXSEED            0         100          24          224          461

MIXED               0           0           0            0            0

OATS                0           0           0          300        2,593

RYE                 0           0           0            0            0

SORGHUM       174,978     317,339     257,467    1,726,981    2,191,458

SOYBEANS    1,577,417   1,890,426   2,273,575   28,938,611   37,456,416

SUNFLOWER           0           0           0          432            0

WHEAT         271,349     226,739     407,374   11,918,092   14,539,536

Total       2,742,775   3,436,132   4,207,951   54,627,890   68,340,736

————————————————————————

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 markets closed lower as the export inspections remained on the weaker side.  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.  The lack of production has reduced the offers and Russia has announced sales quotas for next year.  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. 

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

Chart Analysis:  Trends in Chicago are mixed to up with objectives of 824 and 869 March.  Support is at 795, 788, and 779 March, with resistance at 824, 845, and 847 March.  Trends in Kansas City are mixed to up with objectives of 884 March.  Support is at 830, 814, and 807 March, with resistance at 871, 885, and 892 March.  Trends in Minneapolis are mixed.  Support is at 10020, 1009, and 1001 March, and resistance is at 1037, 1047, and 1056 March.

COT — Supplemental Report – Option and Futures Combined Positions as of December 21, 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   444,789

    : Positions                                                                               :

    :   48,160    76,235   134,422    66,074   147,983   163,016    46,454   411,671   405,094:   33,118    39,694

    :                                                                                         :

    : Changes from: December 14, 2021          (Change in open interest:         564)         :

    :   -4,557    -3,313     3,422     2,220     2,558     2,154      -230     3,240     2,437:   -2,676    -1,873

    :                                                                                         :

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

    :     10.8      17.1      30.2      14.9      33.3      36.7      10.4      92.6      91.1:      7.4       8.9

    :                                                                                         :

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

    :       95        91       132        78       104        47        28       292       293:

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

COT — Supplemental Report – Option and Futures Combined Positions as of December 21, 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   247,544

    : Positions                                                                               :

    :   62,307    32,540    52,381    38,403   128,703    69,103    11,682   222,194   225,307:   25,349    22,237

    :                                                                                         :

    : Changes from: December 14, 2021          (Change in open interest:       8,159)         :

    :   -3,412    -5,904     4,939     4,562     6,849       872     1,036     6,961     6,921:    1,197     1,238

    :                                                                                         :

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

    :     25.2      13.1      21.2      15.5      52.0      27.9       4.7      89.8      91.0:     10.2       9.0

    :                                                                                         :

    : Total Traders:   257          Number of Traders in Each Category                        :

    :       69        42        64        66        87        37        15       205       181:

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

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 21, 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    78,648                :

: Positions                                                                                                    :

:   28,910    56,093     2,078       919       800    14,662     1,484     2,696    10,441     2,835     3,913 :

:                                                                                                              :

: Changes from:     December 14, 2021                                                                          :

:     -804      -957       345       221       -75       289       321        14      -127       377      -132 :

:                                                                                                              :

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

:     36.8      71.3       2.6       1.2       1.0      18.6       1.9       3.4      13.3       3.6       5.0 :

:                                                                                                              :

: Number of Traders in Each Category                                  Total Traders:   121                     :

:       45        52         4         .         4        16         .         5        16        11        14 :

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

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 21, 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    18,552                :

: Positions                                                                                                    :

:    8,105    11,297       311     2,000       100     7,060     2,446     1,229       901       625       451 :

:                                                                                                              :

: Changes from:     December 14, 2021                                                                          :

:      352       414         0         0         0      -210         0       100       527       300      -225 :

:                                                                                                              :

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

:     43.7      60.9       1.7      10.8       0.5      38.1      13.2       6.6       4.9       3.4       2.4 :

:                                                                                                              :

: Number of Traders in Each Category                                  Total Traders:    24                     :

:        6        13         .         .         .         .         .         .         .         .         . :

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

RICE:

General Comments:  Rice was higher again yesterday as speculators bought again.  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 scattered showers. Temperatures should be near to above normal.

Chart Analysis:  Trends are up with objectives of 1457 January.  Support is at 1410, 1400, and 1394 January and resistance is at 1444, 1451, and 1464 January.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 21, 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     8,823                :

: Positions                                                                                                    :

:    5,175     4,930       141       100         0       767     1,354        50       423       423       800 :

:                                                                                                              :

: Changes from:     December 14, 2021                                                                          :

:      330      -526         2         0         0      -381       801        15       -61      -269        38 :

:                                                                                                              :

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

:     58.7      55.9       1.6       1.1       0.0       8.7      15.3       0.6       4.8       4.8       9.1 :

:                                                                                                              :

: Number of Traders in Each Category                                  Total Traders:    49                     :

:       15        14         .         .         0         5         6         .         5         6         6 :

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

CORN AND OATS:

General Comments:  Corn closed higher again yesterday and chart trends are up.  Support came from ideas that the overall fundamental picture for Corn is bullish as dry conditions continue in South America affecting summer Corn and Soybeans production. 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 up with objectives of 622 and 647 March.  Support is at 607, 596, and 590 March, and resistance is at 616, 622, and 628 March.  Trends in Oats are mixed.  Support is at 701, 690, and 686 March, and resistance is at 736, 739, and 748 March.

COT — Supplemental Report – Option and Futures Combined Positions as of December 21, 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 1,801,189

    : Positions                                                                               :

    :  339,655    64,641   343,863   453,942 1,123,761   485,514    57,824 1,622,974 1,590,089:  178,215   211,100

    :                                                                                         :

    : Changes from: December 14, 2021          (Change in open interest:      44,157)         :

    :   19,103       485    14,338    -1,057    20,119     7,236     6,363    39,620    41,304:    4,538     2,853

    :                                                                                         :

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

    :     18.9       3.6      19.1      25.2      62.4      27.0       3.2      90.1      88.3:      9.9      11.7

    :                                                                                         :

    : Total Traders:   838          Number of Traders in Each Category                        :

    :      181       105       157       339       437        53        25       651       657:

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

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 21, 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     4,634                :

: Positions                                                                                                    :

:    1,532     1,430        72        76         0       555         0         0       297       167        37 :

:                                                                                                              :

: Changes from:     December 14, 2021                                                                          :

:       83      -207        -1         0         0         5         0         0        -8         0       -92 :

:                                                                                                              :

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

:     33.1      30.9       1.6       1.6       0.0      12.0       0.0       0.0       6.4       3.6       0.8 :

:                                                                                                              :

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

:       10         4         .         .         0         5         0         0         .         .         . :

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

SOYBEANS

General Comments:  Soybeans and both of the products closed higher again yesterday and the trends are up on the daily and weekly charts.  The dry weather in southern Brazil and in Argentina is helping to feed the rally..  Planting and initial crop development is going very well in central and northern Brazil but it has turned dry in southern Brazil and in parts of Argentina.  Drier weather is returning to these areas after some showers in the last week and a dry bias is expected going forward.  It is a La Nina year and that implies drier than normal weather in southern Brazil and northern 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 although many are now starting to drop production outlooks due to the hot and dry weather.  Ideas are now that Brazil can produce between 142 and 145 million tons of Soybeans this year due to the losses in the south. 

Overnight News:  

Chart Analysis:  Trends in Soybeans are up with no objectives.  Support is at 1334, 1317, and 1304 January, and resistance is at 1370, 1384, and 1400 January.  Trends in Soybean Meal are up with no objectives.   Support is at 402.00, 396.00, and 384.00 January, and resistance is at 418.00 424.00, and 430.00 January.  Trends in Soybean Oil are up with objectives of 6070 and 6550 January.  Support is at 5590, 5520, and 5420 January, with resistance at 5780, 5800, and 57830 January;

COT — Supplemental Report – Option and Futures Combined Positions as of December 21, 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   789,405

    : Positions                                                                               :

    :   99,870    42,626   178,323   243,500   444,650   208,092    32,569   729,785   698,167:   59,619    91,238

    :                                                                                         :

    : Changes from: December 14, 2021          (Change in open interest:      22,220)         :

    :   27,148   -13,177     7,679   -17,223    28,121     1,193     2,790    18,796    25,412:    3,423    -3,193

    :                                                                                         :

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

    :     12.7       5.4      22.6      30.8      56.3      26.4       4.1      92.4      88.4:      7.6      11.6

    :                                                                                         :

    : Total Traders:   548          Number of Traders in Each Category                        :

    :      140        95       164       188       226        51        27       462       442:

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

COT — Supplemental Report – Option and Futures Combined Positions as of December 21, 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   456,215

    : Positions                                                                               :

    :   48,406    53,534    93,014   150,527   263,646   133,794    15,948   425,740   426,142:   30,474    30,072

    :                                                                                         :

    : Changes from: December 14, 2021          (Change in open interest:       4,780)         :

    :   -1,405     1,621     4,801     1,622    -4,667       -85     1,078     4,933     2,833:     -153     1,947

    :                                                                                         :

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

    :     10.6      11.7      20.4      33.0      57.8      29.3       3.5      93.3      93.4:      6.7       6.6

    :                                                                                         :

    : Total Traders:   302          Number of Traders in Each Category                        :

    :       69        61        87        93        99        42        23       253       232:

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

COT — Supplemental Report – Option and Futures Combined Positions as of December 21, 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   452,464

    : Positions                                                                               :

    :   59,701    18,278    95,777   118,083   298,817   125,055    10,902   398,616   423,774:   53,847    28,690

    :                                                                                         :

    : Changes from: December 14, 2021          (Change in open interest:      17,771)         :

    :    5,024    -6,175     5,716     5,044    17,128     3,541     1,874    19,324    18,543:   -1,554      -772

    :                                                                                         :

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

    :     13.2       4.0      21.2      26.1      66.0      27.6       2.4      88.1      93.7:     11.9       6.3

    :                                                                                         :

    : Total Traders:   280          Number of Traders in Each Category                        :

    :       75        46        71        94        97        39        16       246       199:

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

CANOLA AND PALM OIL

General Comments Palm Oil was lower today in range trading.  India has lowered its import taxes on Palm Oil this week.  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.  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.  There have also been reports of flooding in Malaysian palm fields.  Production has also been down to more than offset the export losses so prices have trended higher.  Canola was closed for a holiday.  Nearby months were lower on some speculative selling late last week.  Farmers are bullish and reluctant to sell because of the sharp reduction in Canola production in Canada this year.  The buy side thinks that Canola is fully priced but the farmers are still holding out for more. 

Overnight News:

Chart Analysis:  Trends in Canola are mixed.  Support is at 1000.00, 992.00, and 976.00 January, with resistance at 1025.00, 1031.00, and 1038.00 January.  Trends in Palm Oil are mixed  Support is at 4420, 4300, and 4220 March, with resistance at 4530, 4580, and 4730 March.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 21, 2021

:                                             Reportable Positions                                             :

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

: Producer/Merchant :                             :                             :                              :

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

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

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

USD MALAYSIAN CRUDE PALM OIL – CHICAGO MERCANTILE EXCHANGE   (CONTRACTS OF 25 METRIC TONS)                     :

CFTC Code #037021                                                    Open Interest is    44,881                :

: Positions                                                                                                    :

:   34,747    32,259     2,836     2,236     1,966        80         0         0     3,912     7,080     1,340 :

:                                                                                                              :

: Changes from:     December 14, 2021                                                                          :

:      -80     1,670       -64    -2,494     1,094         0         0         0       240       920      -180 :

:                                                                                                              :

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

:     77.4      71.9       6.3       5.0       4.4       0.2       0.0       0.0       8.7      15.8       3.0 :

:                                                                                                              :

: Number of Traders in Each Category                                  Total Traders:    21                     :

:        6         6         .         .         .         .         0         0         .         6         . :

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

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 21, 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   190,703                :

: Positions                                                                                                    :

:   96,317   156,301       256     7,355       577    66,645     2,525     9,753     6,917     6,086     6,841 :

:                                                                                                              :

: Changes from:     December 14, 2021                                                                          :

:  -12,094    -6,807       -12       -38       -48     4,156       -54      -864       719      -318      -415 :

:                                                                                                              :

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

:     50.5      82.0       0.1       3.9       0.3      34.9       1.3       5.1       3.6       3.2       3.6 :

:                                                                                                              :

: Number of Traders in Each Category                                  Total Traders:   263                     :

:       58        40         4         6         4        61         8        13        77        31        44 :

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

Midwest Weather Forecast:   Rain and snow today and tomorrow.  Temperatures should average near to above normal.

US Gulf Cash Basis

 

 

 

 

 

 

 

 

Corn

HRW

SRW

Soybeans

Soybean Meal

Soybean Oil

June

July

May

May

May

July

July

July

July

Augustg

July

July

July

 

 

DJ Malaysian PM Cash Market Prices for Palm Oil – December 28

  The following are prices for Malaysian palm oil in the cash market at 0430 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

Jan           1312.50    +40.00      Unquoted   –        –

Feb           1257.50    +50.00      Unquoted   –        –

Mar           1207.50    +50.00      Unquoted   –        –

Apr/May/Jun   1137.50    +45.00      Unquoted   –        –

Jul/Aug/Sep   1077.50    +35.00      Unqouted   –        –

RBD palm olein, FOB, Malaysian ports

              Offer      Change      Bid        Change   Traded

Jan           1315.00    +40.00      Unquoted   –        –

Feb           1260.00    +50.00      Unquoted   –        –

Mar           1210.00    +50.00      Unquoted   –        –

Apr/May/Jun   1140.00    +45.00      Unquoted   –        –

Jul/Aug/Sep   1080.00    +35.00      Unquoted   –        –

RBD palm stearin, FOB, Malaysian ports

              Offer      Change      Bid        Change   Traded

Dec           1320.00    +40.00      Unquoted   –        –

Palm Fatty Acid Distillate, FOB Malaysian ports

              Offer      Change      Bid        Change   Traded

Jan           1220.00    +40.00      Unquoted   –        –

Crude palm oil, Delivered Basis, South Malaysia

              Offer      Change      Bid        Change   Traded

Jan           5,250.00  +130.00      Unquoted   –        –

Palm kernel oil, Delivered Basis, South Malaysia

              Offer      Change      Bid        Change   Traded

Jan           505.00     +07.00      Unquoted   –        –

($1=MYR4.178)

DJ China Dalian Grain Futures Closing Prices, Volume – Dec 28

Soybean No. 1

Turnover: 208,711 lots, or 12.55 billion yuan

            Open      High       Low     Close     Prev.    Settle       Ch.       Vol      Open

                                                  Settle                                Interest

Jan-22     6,065     6,087     6,063     6,068     6,065     6,075        10     2,502     3,806

Mar-22     5,989     6,044     5,959     6,025     5,933     6,011        78   159,917   145,041

May-22     6,014     6,065     5,987     6,051     5,972     6,032        60    30,492    28,310

Jul-22     5,969     6,038     5,968     6,028     5,953     6,007        54    15,495    20,825

Sep-22     5,909     5,989     5,909     5,985     5,924     5,962        38       260       624

Nov-22     5,890     5,910     5,890     5,900     5,885     5,902        17        45       683

Corn

Turnover: 498,404 lots, or 13.35 billion yuan

            Open      High       Low     Close     Prev.    Settle       Ch.       Vol      Open

                                                  Settle                                Interest

Jan-22     2,627     2,627     2,604     2,608     2,625     2,613       -12    14,140    46,716

Mar-22     2,661     2,661     2,638     2,638     2,659     2,646       -13    74,568   252,371

May-22     2,697     2,699     2,680     2,681     2,695     2,686        -9   374,991   999,736

Jul-22     2,706     2,708     2,692     2,692     2,704     2,699        -5    23,548   108,827

Sep-22     2,681     2,685     2,671     2,671     2,681     2,677        -4     4,513    27,780

Nov-22     2,661     2,667     2,656     2,661     2,661     2,662         1     6,644    15,557

Soymeal

Turnover: 1,333,969 lots, or 43.74 billion yuan

            Open      High       Low     Close     Prev.    Settle       Ch.         Vol        Open

                                                  Settle                                    Interest

Jan-22     3,481     3,503     3,462     3,473     3,473     3,476         3      22,577      29,761

Mar-22     3,390     3,443     3,375     3,401     3,377     3,404        27     114,751     360,088

May-22     3,248     3,290     3,231     3,257     3,241     3,259        18   1,054,025   1,396,194

Jul-22     3,240     3,278     3,228     3,258     3,239     3,252        13      54,988     194,449

Aug-22     3,302     3,341     3,294     3,315     3,301     3,314        13      26,727      92,333

Sep-22     3,299     3,332     3,286     3,310     3,293     3,307        14      42,699     114,206

Nov-22     3,298     3,333     3,288     3,313     3,290     3,306        16      18,137      40,229

Dec-22     3,250     3,274     3,230     3,244     3,252     3,246        -6          65         196

Palm Oil

Turnover: 783,683 lots, or 66.33 billion yuan

            Open      High       Low     Close     Prev.    Settle       Ch.       Vol      Open

                                                  Settle                                Interest

Jan-22     9,252     9,428     9,252     9,366     9,330     9,334         4    23,344    20,778

Feb-22     9,290     9,416     9,262     9,362     9,332     9,340         8    24,743    78,641

Mar-22     9,014     9,160     8,994     9,124     9,030     9,082        52     9,130    49,734

Apr-22     8,654     8,824     8,634     8,782     8,672     8,724        52     3,190    32,947

May-22     8,346     8,518     8,314     8,472     8,362     8,400        38   712,993   404,634

Jun-22     8,128     8,292     8,106     8,242     8,156     8,180        24     7,537     8,649

Jul-22     8,082     8,156     7,984     8,156     8,080     8,066       -14         8       779

Aug-22     7,886     7,976     7,886     7,976     7,892     7,948        56       180     4,630

Sep-22     7,734     7,888     7,712     7,866     7,760     7,812        52     2,413    11,046

Oct-22     7,704     7,816     7,704     7,756     7,700     7,774        74        14       374

Nov-22     7,590     7,726     7,590     7,726     7,596     7,624        28       128     2,352

Dec-22     7,568     7,600     7,568     7,600     7,546     7,578        32         3        11

Soybean Oil

Turnover: 787,217 lots, or 69.58 billion yuan

            Open      High       Low     Close     Prev.    Settle       Ch.       Vol      Open

                                                  Settle                                Interest

Jan-22     9,192     9,308     9,182     9,278     9,226     9,224        -2    12,607     9,608

Mar-22     9,016     9,160     8,980     9,118     9,024     9,050        26    39,102   132,512

May-22     8,776     8,936     8,748     8,888     8,780     8,832        52   698,249   524,732

Jul-22     8,606     9,194     8,590     8,724     8,620     8,664        44    20,501    83,852

Aug-22     8,540     8,698     8,532     8,670     8,550     8,600        50     4,289    36,677

Sep-22     8,470     8,618     8,444     8,580     8,478     8,524        46     7,209    17,291

Nov-22     8,396     8,524     8,348     8,506     8,410     8,430        20     5,252    13,262

Dec-22     8,370     8,476     8,370     8,420     8,370     8,402        32         8        13

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