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 – Jan 4

Source: CME Group

                              Contract                        Quantity   Next Trade

Commodity                     Month      Delivery Day   Assigned Today   Date Available

SOYBEAN OIL                   January    Jan 05, 2022               15   Dec 29, 2021

ROUGH RICE                    January    Jan 05, 2022              100   Dec 31, 2021

SOYBEAN                       January    Jan 05, 2022              563   Jan 03, 2022

DJ USDA Grain Inspections for Export in Metric Tons – Jan 3

WA_GR101

Washington, DC    Mon   Jan 03, 2021   USDA Market News

COUNTRY OF DESTINATION IS REPORTED AS KNOWN AT THE TIME OF EXPORTATION.

INFORMATION CONTAINED IN THIS REPORT REFLECTS EXPORTED GRAIN INSPECTED AND

WEIGHED THROUGH THE AUTHORITY UNDER THE U.S. GRAIN STANDARDS ACT.  NO

ADDITIONAL ANALYSIS, COMPILATIONS OR DATA IS AVAILABLE

GRAINS INSPECTED AND/OR WEIGHED FOR EXPORT

                  REPORTED IN WEEK ENDING DEC 30, 2021

                            — METRIC TONS —

————————————————————————

                                                   CURRENT     PREVIOUS

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

  GRAIN      12/30/2021  12/23/2021  12/31/2020    TO DATE     TO DATE

BARLEY              0           0           0       10,010       20,944

CORN          596,092     954,488   1,089,440   12,898,120   15,218,768

FLAXSEED            0           0           0          224          461

MIXED               0           0           0            0            0

OATS                0           0           0          300        2,593

RYE                 0           0           0            0            0

SORGHUM         1,879     175,385     156,802    1,729,267    2,348,260

SOYBEANS    1,191,739   1,732,291   1,764,078   30,301,724   39,220,494

SUNFLOWER           0           0           0          432            0

WHEAT         141,816     291,207     475,901   12,086,652   15,015,437

Total       1,931,526   3,153,371   3,486,221   57,026,729   71,826,957

———————————————————————–

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 yesterday as demand remains disappointing.  Ideas had 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 or less against previous years.  Offer volumes are down in Europe.  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 a few weeks ago 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.

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

Chart Analysis:  Trends in Chicago are down with objectives of 751, 711, and 709 March.  Support is at 751, 741, and 736 March, with resistance at 776, 793, and 808 March.  Trends in Kansas City are down with objectives of  777, 759, and 749 March.  Support is at 779, 770, and 755 March, with resistance at 811, 829, and 850 March.  Trends in Minneapolis are down with objectives of 946 and 871 March.  Support is at 960, 952, and 945 March, and resistance is at 1001, 1012, and 10323 March.

DJ US Winter Wheat Condition Ratings Down — Market Talk

     0925 ET – A drop in crop quality of US winter wheat is being seen due to adverse weather, according to USDA data. 33% of the Kansas winter wheat crop is in good to excellent condition as of January 2, down from 62% in late November. In Oklahoma, 20% of the state’s wheat was rated good to excellent, down from 48% in late November–and ratings are down in Nebraska and Colorado as well. The slide is providing support for CBOT wheat futures, with the most-active contract up 0.9% in pre-market trading Tuesday. (kirk.maltais@wsj.com; @kirkmaltais)

COT — Supplemental Report – Option and Futures Combined Positions as of December 28, 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   433,728

    : Positions                                                                               :

    :   46,271    76,769   123,398    65,889   150,112   165,201    43,787   400,759   394,066:   32,969    39,661

    :                                                                                         :

    : Changes from: December 21, 2021          (Change in open interest:     -11,061)         :

    :   -1,889       534   -11,024      -185     2,128     2,185    -2,667   -10,912   -11,028:     -149       -33

    :                                                                                         :

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

    :     10.7      17.7      28.5      15.2      34.6      38.1      10.1      92.4      90.9:      7.6       9.1

    :                                                                                         :

    : Total Traders:   343          Number of Traders in Each Category                        :

    :       87        87       122        73       102        46        26       275       277:

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

COT — Supplemental Report – Option and Futures Combined Positions as of December 28, 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   244,520

    : Positions                                                                               :

    :   62,273    32,622    49,882    35,183   127,921    72,625    10,913   219,963   221,337:   24,556    23,182

    :                                                                                         :

    : Changes from: December 21, 2021          (Change in open interest:      -3,024)         :

    :      -34        82    -2,500    -3,220      -783     3,522      -769    -2,231    -3,969:     -793       945

    :                                                                                         :

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

    :     25.5      13.3      20.4      14.4      52.3      29.7       4.5      90.0      90.5:     10.0       9.5

    :                                                                                         :

    : Total Traders:   256          Number of Traders in Each Category                        :

    :       68        42        65        65        87        37        16       201       184:

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

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 28, 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    77,597                :

: Positions                                                                                                    :

:   29,440    53,612     2,035       908       756    14,463     2,433     2,719     9,743     2,703     4,018 :

:                                                                                                              :

: Changes from:     December 21, 2021                                                                          :

:      530    -2,480       -43       -11       -44      -199       949        23      -698      -132       105 :

:                                                                                                              :

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

:     37.9      69.1       2.6       1.2       1.0      18.6       3.1       3.5      12.6       3.5       5.2 :

:                                                                                                              :

: Number of Traders in Each Category                                  Total Traders:   120                     :

:       47        49         5         .         4        14         6         7        17        10        15 :

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

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 28, 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    17,807                :

: Positions                                                                                                    :

:    7,480    10,757         0     2,000         0     7,500     2,446     1,054       695       575       451 :

:                                                                                                              :

: Changes from:     December 21, 2021                                                                          :

:     -625      -540      -311         0      -100       440         0      -175      -206       -50         0 :

:                                                                                                              :

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

:     42.0      60.4       0.0      11.2       0.0      42.1      13.7       5.9       3.9       3.2       2.5 :

:                                                                                                              :

: Number of Traders in Each Category                                  Total Traders:    23                     :

:        6        13         0         .         0         4         .         .         .         .         . :

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

RICE:

General Comments:  Rice was lower to start the new year of trading.  Futures and cash market trading have been quiet for the holidays.  Many producers are done harvesting and are hunting and not interested in selling.  Mills have already purchased what they need for the holidays as will not show much interest in the market until the first part or 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 mixed to down with no objectives.  Support is at 1450, 1435, and 1427 March and resistance is at 1479, 1488, and 1491 March.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 28, 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     7,776                :

: Positions                                                                                                    :

:    4,572     5,070       141         0         0       808     1,150         0       505       390       318 :

:                                                                                                              :

: Changes from:     December 21, 2021                                                                          :

:     -603       140         0      -100         0        41      -204       -50        82       -33      -483 :

:                                                                                                              :

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

:     58.8      65.2       1.8       0.0       0.0      10.4      14.8       0.0       6.5       5.0       4.1 :

:                                                                                                              :

: Number of Traders in Each Category                                  Total Traders:    45                     :

:       14        14         .         0         0         5         6         0         5         4         4 :

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

\

CORN AND OATS:

General Comments:  Corn closed lower again yesterday and the short term trends are turning down.  A wetter weather pattern in southern Brazil was a reason for the selling.  There was not been any demand news last week but demand has been good for ethanol and for export sales.  Export shipments have been running behind..  Support came from ideas that the overall fundamental picture for Corn is bullish as dry conditions continue in South America have been affecting summer Corn and Soybeans production.  Some showers were reported in central Argentina but northern Argentina remains hot and dry.  It is also hot and dry in Paraguay and into parts of southern Brazil.  Corn has relatively tight supplies as farmers are mostly done harvesting and not selling, but ideas are that farmers are delivering enough to keep the market satisfied.  Interior basis levels are reported to be strong.  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 but so far new crop futures have not been real strong.

Overnight News: 

Chart Analysis:  Trends in Corn are mixed to down with objectives of 554 and 529 March.  Support is at 576, 572, and 563 March, and resistance is at 603, 607, and 618 March.  Trends in Oats are mixed.  Support is at 675, 650, and 646 March, and resistance is at 709, 725, and 736 March.

COT — Supplemental Report – Option and Futures Combined Positions as of December 28, 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 1,843,102

    : Positions                                                                               :

    :  354,406    71,617   358,953   459,393 1,142,707   492,178    57,944 1,664,930 1,631,220:  178,172   211,882

    :                                                                                         :

    : Changes from: December 21, 2021          (Change in open interest:      41,913)         :

    :   14,751     6,976    15,090     5,451    18,945     6,664       120    41,956    41,131:      -43       782

    :                                                                                         :

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

    :     19.2       3.9      19.5      24.9      62.0      26.7       3.1      90.3      88.5:      9.7      11.5

    :                                                                                         :

    : Total Traders:   837          Number of Traders in Each Category                        :

    :      181       102       155       338       438        51        24       646       654:

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

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 28, 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     4,486                :

: Positions                                                                                                    :

:    1,223     1,317        72        60         0       568         0         0       305       160        38 :

:                                                                                                              :

: Changes from:     December 21, 2021                                                                          :

:     -309      -113         0       -16         0        13         0         0         8        -7         0 :

:                                                                                                              :

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

:     27.3      29.4       1.6       1.3       0.0      12.7       0.0       0.0       6.8       3.6       0.8 :

:                                                                                                              :

: Number of Traders in Each Category                                  Total Traders:    20                     :

:        8         4         .         .         0         5         0         0         .         .         . :

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

SOYBEANS

General Comments:  Soybeans and the products traded higher   The rains mostly fell in central Argentina and then in Parana with RGDS farther south and also Paraguay and northern Argentina still mostly dry. The rains are timely and will help crops in these areas.  The dry weather in southern Brazil and in Paraguay and Argentina had been helping to feed the rally..  Planting and initial crop development is going very well in central and northern Brazil but it might be too wet for Soybeans in at least some of these areas as Soybeans do not like very wet soils.  Reports indicate that some Corn has been lost and ideas are that Soybeans could become stressed if the dry weather continues in southern Brazil and northern Argentina.  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 135 and 145 million tons of Soybeans this year due to the losses in the south. 

Overnight News:  

Chart Analysis:  Trends in Soybeans are mixed.  Support is at 1348, 1336, and 1320 March, and resistance is at 1368, 1384, and 1396 March.  Trends in Soybean Meal are mixed.   Support is at 402.00, 398.00, and 396.00 March, and resistance is at 415.00 418.00, and 421.00 March.  Trends in Soybean Oil are mixed.  Support is at 5560, 5510, and 5430 March, with resistance at 5630, 5780, and 5860 March;

COT — Supplemental Report – Option and Futures Combined Positions as of December 28, 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   767,439

    : Positions                                                                               :

    :  116,705    35,995   154,632   231,192   456,046   206,988    29,877   709,517   676,550:   57,921    90,889

    :                                                                                         :

    : Changes from: December 21, 2021          (Change in open interest:     -21,966)         :

    :   16,834    -6,630   -23,691   -12,308    11,396    -1,104    -2,692   -20,268   -21,617:   -1,698      -349

    :                                                                                         :

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

    :     15.2       4.7      20.1      30.1      59.4      27.0       3.9      92.5      88.2:      7.5      11.8

    :                                                                                         :

    : Total Traders:   557          Number of Traders in Each Category                        :

    :      146        88       160       184       235        49        25       455       446:

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

COT — Supplemental Report – Option and Futures Combined Positions as of December 28, 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   419,844

    : Positions                                                                               :

    :   48,239    46,650    72,600   134,658   259,387   132,864    14,593   388,361   393,230:   31,483    26,614

    :                                                                                         :

    : Changes from: December 21, 2021          (Change in open interest:     -36,371)         :

    :     -167    -6,884   -20,415   -15,868    -4,259      -930    -1,355   -37,379   -32,912:    1,009    -3,459

    :                                                                                         :

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

    :     11.5      11.1      17.3      32.1      61.8      31.6       3.5      92.5      93.7:      7.5       6.3

    :                                                                                         :

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

    :       68        59        85        90       101        42        22       253       226:

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

COT — Supplemental Report – Option and Futures Combined Positions as of December 28, 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   430,303

    : Positions                                                                               :

    :   68,958    17,160    69,921   113,575   306,175   124,218     9,204   376,672   402,460:   53,631    27,843

    :                                                                                         :

    : Changes from: December 21, 2021          (Change in open interest:     -22,160)         :

    :    9,257    -1,118   -25,856    -4,508     7,358      -837    -1,698   -21,945   -21,314:     -216      -846

    :                                                                                         :

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

    :     16.0       4.0      16.2      26.4      71.2      28.9       2.1      87.5      93.5:     12.5       6.5

    :                                                                                         :

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

    :       83        43        68        90       100        39        16       244       201:

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

CANOLA AND PALM OIL

General Comments Palm Oil was higher yesterday and today as rains hit Malaysia over the weekend and caused floods and renewed production concerns.  Traders are mostly worried about demand from 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.  Canola was closed for a holiday.  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 to up with objectives of 1040.00 and 1077.00 March.  Support is at 1011.00, 996.00, and 979.00 March, with resistance at 1033.00, 1040.00, and 1046.00 March.  Trends in Palm Oil are mixed to up with no objectives.  Support is at 4700, 4650, and 4600 March, with resistance at 4900, 4990, and 5000 March.

DJ Malaysia Dec. 1-31 Palm Oil Exports Fall 6.9%, SGS Says

   By Jacques van Wersch

  Malaysia’s palm oil exports during the Dec. 1-31 period are estimated down 6.9% on month at 1.6 million metric tons, cargo surveyor SGS (Malaysia) Bhd. said Tuesday.

  The following are the major items in the SGS estimate:

  (All figures in metric tons)

                       Dec. 1-31     Nov. 1-30

   RBD Palm Olein        442,474       317,108

   RBD Palm Oil           99,263       113,868

   RBD Palm Stearin      115,455       145,595

   Crude Palm Oil        438,713       569,651

   Total*              1,564,445     1,681,059

*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 28, 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    44,841                :

: Positions                                                                                                    :

:   34,547    32,259     2,996     2,036     2,106        80         0         0     3,872     7,200     1,240 :

:                                                                                                              :

: Changes from:     December 21, 2021                                                                          :

:     -200         0       160      -200       140         0         0         0       -40       120      -100 :

:                                                                                                              :

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

:     77.0      71.9       6.7       4.5       4.7       0.2       0.0       0.0       8.6      16.1       2.8 :

:                                                                                                              :

: 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 28, 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   188,974                :

: Positions                                                                                                    :

:   92,990   152,281       178     7,153       431    67,132     3,401    10,147     6,711     6,369     7,956 :

:                                                                                                              :

: Changes from:     December 21, 2021                                                                          :

:   -3,327    -4,020       -78      -202      -146       487       876       394      -207       283     1,114 :

:                                                                                                              :

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

:     49.2      80.6       0.1       3.8       0.2      35.5       1.8       5.4       3.6       3.4       4.2 :

:                                                                                                              :

: Number of Traders in Each Category                                  Total Traders:   269                     :

:       57        39         .         7         .        60        10        13        81        31        44 :

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

Midwest Weather Forecast:   Mostly dry today, a little snow tomorrow.  Temperatures should average near normal..

US Gulf Cash Basis

 

 

 

 

 

 

 

 

Corn

HRW

SRW

Soybeans

Soybean Meal

Soybean Oil

June

July

May

May

May

July

July

July

July

Augustg

July

July

July

 

 

DJ ICE Canada Cash Grain Close – Dec 31

     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         1026.90   -41.90     Jan. 2022    up 13.20

Basis: Thunder Bay  1062.30    50.00     Mar. 2022    dn  6.30

Basis: Vancouver    1091.30    79.00     Mar. 2022    dn  6.30

     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 – January 4

  The following are prices for Malaysian palm oil in the cash market at 1000 GMT Tuesday, supplied by commodity broker Matthes & Porton Bhd.

  Prices are quoted in U.S. dollars a metric ton, except for crude palm oil and palm kernel oil, which are in ringgit a ton. Palm kernel oil prices are in ringgit a pikul, a Malaysian measurement equivalent to 60 kilograms.

Refined, bleached and deodorized palm oil, FOB, Malaysian ports

               Offer       Change      Bid        Change   Traded

Jan           1317.50      +07.50      Unquoted    –        –

Feb           1287.50      +10.00      Unquoted    –        –

Mar           1227.50      +10.00      Unquoted    –        –

Apr/May/Jun   1150.00      +10.00      Unquoted    –        –

Jul/Aug/Sep   1077.50      +07.50      Unquoted    –        –

RBD palm olein, FOB, Malaysian ports

               Offer       Change      Bid         Change   Traded

Jan           1320.00      +07.50      Unquoted    –        –

Feb           1290.00      +10.00      Unquoted    –        –

Mar           1230.00      +10.00      Unquoted    –        –

Apr/May/Jun   1152.50      +10.00      Unquoted    –        –

Jul/Aug/Sep   1080.00      +07.50      Unquoted    –        –

RBD palm stearin, FOB, Malaysian ports

               Offer       Change      Bid        Change   Traded

Jan           1330.00     +05.00      Unquoted    –        –

Palm Fatty Acid Distillate, FOB Malaysian ports

               Offer       Change      Bid        Change   Traded

Jan           1235.00     +05.00      Unquoted    –        –

Crude palm oil, Delivered Basis, South Malaysia

               Offer       Change      Bid        Change   Traded

Jan          5,330.00     +50.00      Unquoted    –        –

Palm kernel oil, Delivered Basis, South Malaysia

               Offer       Change      Bid        Change   Traded

Jan            520.00     +11.00      Unquoted    –        –

($1=MYR4.185)

DJ China Dalian Grain Futures Closing Prices, Volume – Jan 04

Soybean No. 1

Turnover: 251,040 lots, or 14.58 billion yuan

            Open      High       Low     Close     Prev.    Settle       Ch.       Vol      Open

                                                  Settle                                Interest

Jan-22     5,950     6,000     5,851     5,930     5,969     5,929       -40       896     2,241

Mar-22     5,865     5,868     5,652     5,847     5,870     5,798       -72   187,623   172,689

May-22     5,900     5,900     5,760     5,877     5,912     5,837       -75    42,488    38,725

Jul-22     5,850     5,871     5,463     5,853     5,895     5,813       -82    19,385    26,588

Sep-22     5,788     5,793     5,683     5,777     5,838     5,747       -91       368       826

Nov-22     5,620     5,620     5,515     5,613     5,715     5,589      -126       280     1,071

Corn

Turnover: 519,949 lots, or 13.99 billion yuan

            Open      High       Low     Close     Prev.    Settle       Ch.       Vol      Open

                                                  Settle                                Interest

Jan-22     2,650     2,650     2,595     2,618     2,605     2,618        13     3,428     9,445

Mar-22     2,646     2,668     2,635     2,662     2,637     2,659        22    53,004   253,466

May-22     2,675     2,703     2,675     2,702     2,673     2,695        22   423,438   983,130

Jul-22     2,693     2,713     2,688     2,709     2,686     2,706        20    23,326   111,134

Sep-22     2,672     2,696     2,672     2,694     2,670     2,688        18     8,646    33,638

Nov-22     2,667     2,684     2,659     2,678     2,655     2,677        22     8,107    19,542

Soymeal

Turnover: 794,634 lots, or 25.94 billion yuan

            Open      High       Low     Close     Prev.    Settle       Ch.       Vol        Open

                                                  Settle                                  Interest

Jan-22     3,251     3,635     3,250     3,434     3,422     3,403       -19       133       3,101

Mar-22     3,353     3,407     3,353     3,389     3,335     3,390        55    72,213     335,541

May-22     3,220     3,263     3,218     3,250     3,192     3,247        55   625,772   1,424,194

Jul-22     3,212     3,260     3,212     3,249     3,190     3,243        53    25,519     192,339

Aug-22     3,269     3,309     3,265     3,298     3,242     3,292        50    19,213     104,906

Sep-22     3,262     3,306     3,262     3,296     3,241     3,291        50    39,192     122,592

Nov-22     3,262     3,304     3,262     3,292     3,240     3,288        48    11,356      42,430

Dec-22     3,247     3,262     3,236     3,247     3,191     3,245        54     1,236         978

Palm Oil

Turnover: 657,082 lots, or 57.11 billion yuan

            Open      High       Low     Close     Prev.    Settle       Ch.       Vol      Open

                                                  Settle                                Interest

Jan-22     9,512     9,820     9,512     9,702     9,512     9,630       118       242     3,899

Feb-22     9,470     9,614     9,462     9,552     9,372     9,526       154    19,524    55,113

Mar-22     9,306     9,384     9,224     9,324     9,120     9,302       182    18,434    53,290

Apr-22     8,902     9,072     8,900     9,008     8,794     8,986       192     7,674    36,804

May-22     8,610     8,750     8,552     8,682     8,470     8,660       190   586,409   443,279

Jun-22     8,394     8,508     8,328     8,460     8,258     8,438       180    10,670    16,769

Jul-22     8,324     8,380     8,192     8,298     8,200     8,286        86     2,502     2,787

Aug-22     8,200     8,200     7,978     8,162     7,966     8,126       160       633     4,363

Sep-22     7,896     8,066     7,862     8,026     7,830     8,002       172    10,291    15,520

Oct-22     7,904     7,966     7,848     7,962     7,764     7,930       166        29       359

Nov-22     7,750     7,908     7,750     7,908     7,750     7,852       102       674     2,093

Dec-22         –         –         –     7,800     7,606     7,800       194         0       465

Soybean Oil

Turnover: 681,867 lots, or 60.93 billion yuan

            Open      High       Low     Close     Prev.    Settle       Ch.       Vol      Open

                                                  Settle                                Interest

Jan-22     9,138     9,342     9,030     9,030     9,138     9,132        -6       328     1,172

Mar-22     9,158     9,266     9,122     9,166     9,094     9,190        96    31,336   124,212

May-22     8,906     8,998     8,852     8,914     8,840     8,934        94   620,773   533,897

Jul-22     8,726     8,818     8,680     8,750     8,666     8,746        80    14,041    84,073

Aug-22     8,678     8,742     8,604     8,682     8,600     8,672        72     3,317    34,313

Sep-22     8,584     8,630     8,496     8,598     8,508     8,576        68     9,678    18,061

Nov-22     8,450     8,538     8,406     8,482     8,418     8,482        64     2,013    13,140

Dec-22     8,460     8,484     8,348     8,418     8,362     8,430        68       381       384

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