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 7 

Source: CME Group

             Contract                        Quantity   Next Trade

Commodity    Month      Delivery Day   Assigned Today   Date Available

ROUGH RICE   January    Jan 10, 2022                1   Jan 04, 2022

SOYBEAN      January    Jan 10, 2022              289   Jan 06, 2022

DJ U.S. Export Sales: Weekly Sales Totals – Jan 6 

    For the week ended Dec 30, in thousand metric tons, except cotton in

thousand running bales. Net changes in commitments are gross sales,

less cancellations, buy-backs and other downward adjustments. Total

commitments are total export shipments plus total sales.

   The marketing year for wheat and barley began Jun 1, cotton and

and rice Aug 1, corn, soybeans and sorghum Sep 1, and soymeal and

soyoil Oct 1. Source: USDA

               wk’s net chg             total

               in commitments        commitments      undlvd sales

              this yr  next yr   this yr   last yr  this yr  next yr

wheat            48.6      2.5   15883.1   20838.4   4834.5     84.0

  hrw            42.1      0.0    6321.2    7124.4   2095.3     14.0

  srw             0.7      2.5    2312.0    1577.4    689.8     37.0

  hrs             0.8      0.0    4240.0    5981.0   1221.0      0.0

  white           4.6      0.0    2876.1    5566.0    807.3      0.0

  durum           0.4      0.0     133.9     589.7     21.2     33.0

corn            256.1      0.0   40996.9   43944.4  26344.1   1512.0

soybeans        382.7     67.1   41701.9   54564.8  11088.3    283.1

soymeal          31.5      0.3    6126.4    5950.0   2984.0     36.2

soyoil            2.9      0.1     440.7     491.1    248.1      0.4

upland cotton   143.2     44.0   10593.3   11538.2   7556.5   1114.2

pima cotton       4.4      0.9     376.9     559.9    232.1      5.3

sorghum          22.8      0.0    5308.1    5087.9   3695.0      0.0

barley            0.0      0.0      30.5      30.6     19.0      0.0

rice             27.6      0.0    1618.5    1887.9    418.7      0.0

DJ U.S. Nov Soymeal, Vegetable Oils/Oilseed Imports-January 6 

   In kilograms from the U.S. Commerce Department, converted to pounds

by Dow Jones.

                       —-Nov 2021—-                —-Oct 2021—-

                         kilograms          pounds       kilograms        pounds

coconut oil             66,768,457     147,224,448      26,539,219    58,518,978

palm kernel oil         43,312,841      95,504,814      34,750,298    76,624,407

palm oil               204,259,365     450,391,900     151,788,947   334,694,628

soybean                 33,096,972      72,978,823      15,242,811    33,610,398

soymeal                          0               0               0             0

soyoil                  15,513,554      34,207,387      16,034,609    35,356,313

rapeseed oil

 edible                162,606,941     358,548,305     177,501,042   391,389,798

rapeseed oil,

 inedible                   30,733          67,766               0             0

DJ U.S. November Grain Imports-January 6 

   In kilograms, from the U.S. Commerce Department, converted to

pounds by Dow Jones.

                       —-Nov 2021—-                —-Oct 2021—-

                         kilograms          pounds       kilograms        pounds

durum wheat                 93,620         206,432          93,757       206,734

spring wheat             1,759,582       3,879,878      13,299,860    29,326,191

winter wheat               149,602         329,872      17,220,184    37,970,506

wheat/meslin            17,112,888      37,733,918      12,648,169    27,889,213

TOTAL WHEAT             19,115,692      42,150,101      43,261,970    95,392,644

barley                  39,917,899      88,018,967       2,473,819     5,454,771

oats                       285,018         628,465         236,803       522,151

corn                    51,640,372     113,867,020      56,833,741   125,318,399

other corn               6,387,533      14,084,510       3,532,748     7,789,709

TOTAL CORN              58,027,905     127,951,531      60,366,489   133,108,108

DJ U.S. November Oilseed, Meal, Oils/Fats Exports-Jan 6 

   In kilograms (top). Oils in pounds, soybeans in bushels, meal and hulls in

short tons (bottom). Source: U.S. Department of Commerce.

(*)NOTE: Year ago figures reflect data reported at that time.

Data includes Exports and Re-Exports.

                               ——- In Kilograms ——-

                        Nov 21          Oct 21          Sep 21          Nov 20

soybeans         10,635,967,547  10,507,297,242   2,169,525,812  11,097,069,577

soyoil              115,371,390      26,440,599      15,868,077      80,482,097

  crude             105,017,038      16,449,868       8,279,397      64,992,262

  refined               206,852         321,150         296,581          33,439

  other/1             9,907,663       9,486,624       7,040,576      14,408,894

  hydrogenated          239,837         182,957         251,523       1,047,502

cottonseed oil        5,904,164       4,457,971       1,228,681       2,675,188

  crude                 154,753         377,609          20,276         411,734

  refined             4,975,952       3,137,148         540,893         658,408

  other/1               373,820         586,304         498,806       1,605,046

  hydrogenated          399,639         356,910         168,706               0

sunseeds                345,037         541,723         247,404               0

sunseed oil           3,744,919       3,936,964       4,030,630       8,249,661

rapeseed              7,000,086      12,034,089      15,463,119       8,721,630

rapeseed oil         10,922,873      17,525,163      19,395,507      12,597,182

   crude              3,017,838       5,760,301       9,446,782       4,799,782

   refined            7,905,035      11,764,862       9,948,725       7,797,400

linseed meal            272,363         221,796         153,314         114,403

cottonseed meal       2,596,223       6,926,447       6,097,562       3,200,590

soymeal           1,013,737,487     802,001,173     589,615,679     931,837,888

soymeal/flour       186,151,201     173,986,132     129,699,483     221,480,062

soymeal hulls         4,271,000      13,418,000       5,590,000      17,403,000

lard                 18,603,388       9,759,408       3,848,628       1,500,580

edible tallow         9,408,484       6,400,011       9,177,560       7,906,506

inedible tallow      12,221,186      15,458,087      12,267,647      22,386,373

ch white grease          11,951          33,186          44,248         700,000

                         ——- In Bushels, Pounds or Short Tons ——-

                         Nov 21          Oct 21          Sep 21          Nov 20

soybeans            390,800,897     386,073,121      79,715,609     407,743,323

soyoil              254,350,420      58,291,553      34,983,128     177,432,682

  crude             231,522,977      36,265,757      18,252,949     143,283,436

  refined               456,031         708,015         653,849          73,720

  other/1            21,842,662      20,914,429      15,521,816      31,766,179

  hydrogenated          528,750         403,351         554,513       2,309,347

cottonseed oil       13,016,456       9,828,145       2,708,778       5,897,781

  crude                 341,172         832,485          44,701         907,718

  refined            10,970,098       6,916,229       1,192,465       1,451,541

  other/1               824,132       1,292,579       1,099,679       3,538,521

  hydrogenated          881,053         786,852         371,933               0

sunseeds                760,677       1,194,295         545,433               0

sunseed oil           8,256,135       8,679,521       8,886,020      18,187,392

rapeseed             15,432,551      26,530,629      34,090,348      19,227,906

rapeseed oil         24,080,817      38,636,377      42,759,781      27,772,037

   crude              6,653,195      12,699,292      20,826,593      10,581,710

   refined           17,427,622      25,937,085      21,933,188      17,190,327

linseed meal                300             244             169             126

cottonseed meal           2,862           7,635           6,721           3,528

soymeal               1,117,443         884,046         649,933       1,027,165

soymeal flour/me        205,194         191,785         142,968         244,137

soymeal hulls             4,708          14,791           6,162          19,183

lard                 41,013,457      21,515,815       8,484,774       3,308,213

edible tallow        20,742,160      14,109,611      20,233,060      17,430,865

inedible tallow      26,943,108      34,079,254      27,045,537      49,353,513

ch white grease          26,347          73,163          97,550       1,543,236

DJ U.S. November Grain Exports-Jan 6 

    In kilograms (top) and in bushels (bottom), except flour in cwt and malt

in pounds.  /1 denotes includes commercial and donated. Source: U.S. Department

of Commerce.

(*)NOTE: Year ago figures reflect data reported at that time.

Data includes Exports and Re-Exports.

                               ——- In Kilograms ——-

                         Nov 21         Oct 21         Sep 21         Nov 20

Barley                  622,176      2,856,116      1,566,000      3,609,389

Corn /1           4,631,006,000  3,815,907,000  2,550,254,000  3,822,421,000

Sorghum             602,326,000    291,108,000    242,802,000    877,546,000

Oats                  3,589,714      2,978,614      5,389,105      1,559,124

Rye                      20,000        215,917         88,150        157,300

Wheat /1          1,447,834,497  1,237,977,451  2,330,004,072  1,893,240,216

  wheat flour /1     20,188,791     18,178,830     20,721,954     24,043,126

Malt                 34,600,221     36,259,579     41,726,048     33,145,757

                            ——- In Bushels, CWT or Pounds ——-

                         Nov 21         Oct 21         Sep 21         Nov 20

Barley                   28,576        131,179         71,925        165,776

Corn /1             182,312,782    150,224,081    100,398,035    150,480,523

Sorghum              23,712,284     11,460,298      9,558,594     34,547,105

Oats                    247,309        205,208        371,276        107,414

Rye                         787          8,500          3,470          6,193

Wheat /1             53,198,265     45,487,418     85,612,116     69,563,956

  wheat flour /1        445,087        400,775        456,841        530,060

Malt                 76,280,443     79,938,702     91,990,205     73,073,898

1/Includes commercial and donated.

DJ Canadian Grain Handling Summary – Jan 6 

     WINNIPEG–The following are Canadian grain handling summary

statistics for the two weeks ended Jan. 2, 2022. Figures in thousands of

metric tons.

Source: Canadian Grain Commission.

                  Durum

           Wheat  Wheat  Oats  Barley  Flax  Canola   Peas   Corn  Total*

COMMERCIAL STOCKS

This Week 2628.6  953.1  297.4  344.7  52.2  1443.9  309.5  243.5  6639.1

Week Ago  2762.0  812.3  303.0  337.0  51.3  1660.4  342.9  203.7  7086.7

Year Ago  2283.1  750.5  303.3  449.6  66.4  1453.4  326.1  116.5  6549.4

PRODUCER DELIVERIES

This Week  317.4   39.1   41.5   91.3   4.7   360.6   12.1   25.2   928.3

Week Ago   307.6   38.1   41.0   53.5   3.5   298.6   19.3    2.9   795.1

To Date   6931.3 1448.8  995.5 2517.0 124.5  7789.5 1102.3  162.7 22594.0

Year Ago  9165.2 2700.6 1443.5 2451.6 262.4 10017.5 2165.4  178.6 30770.3

TERMINAL RECEIPTS

This Week  455.2  115.8    4.3   14.9   0.0   186.8    7.6   44.2   991.6

Week Ago   261.8  140.0   11.9   90.4   0.0   134.8    4.1   68.4   871.7

To Date   6807.5 1801.9  146.4 1498.4  27.0  3535.6  703.8  631.1 19250.0

Year Ago 10361.1 3291.2  402.9 1583.5 120.9  5787.8 1489.4  520.8 28310.8

EXPORTS

This Week  263.8   13.1   30.8   20.4   1.5   166.4    4.8   49.9   870.8

Week Ago   199.1   45.4   22.6  127.9   1.0   164.3   25.0  107.7   903.2

To Date   4981.8 1181.7  626.3 1483.8  46.9  2944.1  716.5  511.9 15358.8

Year Ago  8490.2 2466.0  998.3 1621.8 168.4  5204.2 1519.8  441.2 24367.4

DOMESTIC DISAPPEARANCE

This Week  118.9   24.3   26.9   57.4   2.0   319.7    5.7  143.8   817.7

Week Ago   103.8    4.2   16.8   31.8   1.1   179.7    4.9   78.9   449.8

To Date   1930.4  198.7  342.8  810.1  27.5  4014.4  121.8  880.4  9328.8

Year Ago  2036.4  231.8  318.3  491.3  28.6  4565.5   87.2  402.5  9076.7

*Totals include data from other crops not shown including rye, soybeans,

canaryseed, mustard seed, beans, lentils and chickpeas.

Source: Commodity News Service Canada (news@marketsfarm.com, or 204-414-

9084)

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.  Futures have been moving lower since late November because of the poor export demand and might find a bottom soon.  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 711 and 709 March.  Support is at 736, 714, and 697 March, with resistance at 751, 756, and 771 March.  Trends in Kansas City are down with objectives of  759, 749, and 729 March.  Support is at 764, 755, and 751 March, with resistance at 783, 787, and 793 March.  Trends in Minneapolis are down with objectives of 871 March.  Support is at 923, 912, and 901 March, and resistance is at 948, 965, and 977 March.

RICE: 

General Comments:  Rice was a little higher in consolidation trading.  It was another wide range session that basically mirrored the range of the previous day.  Futures and cash market trading have been quiet until now and the cash market is still quiet.  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, 1443, and 1435 March and resistance is at 1475, 1479, and 1488 March.

CORN AND OATS: 

General Comments:  Corn closed slightly higher yesterday and the short term trends are turning up to go along with the longer term trends in the market.  The firm prices came at the expense of weaker prices in Wheat and the Soy Complex markets.  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.  However, showers are now predicted for southern Brazil and the situation there should become more stable.  Some showers were reported in central Argentina but northern Argentina remains hot and dry.  Most of Argentina will stay hot and dry while Brazzil gets its showers.  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 strong.

Overnight News:  Mexico bought 176,784 tons of US Corn.

Chart Analysis:  Trends in Corn are mixed.  Support is at 596, 592, and 585 March, and resistance is at 611, 618, and 622 March.  Trends in Oats are mixed.  Support is at 650, 646, and 633 March, and resistance is at 684, 700, and 725 March.

SOYBEANS 

General Comments:  Soybeans and the products traded lower yesterday as the South American weather situation remains a mixed bag   The rains over the weekend mostly fell in central Argentina and then in Parana with RGDS farther south and also Paraguay and northern Argentina still mostly dry.  Showers are now in the forecast for southern Brazil. 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 and the forecasts took prices lower yesterday.  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 130 and 145 million tons of Soybeans this year due to the losses in the south.

Overnight News:  Unknown destinations bought 120,000 tons of US Soybeans. 

Chart Analysis:  Trends in Soybeans are mixed to up with objectives of 1414 and 1473 March.  Support is at 1368, 1355, and 1348 March, and resistance is at 1396, 1408, and 1420 March.  Trends in Soybean Meal are mixed to up with objectives of 432.00 and 449.00 March.   Support is at 406.00, 402.00, and 398.00 March, and resistance is at 415.00 418.00, and 421.00 March.  Trends in Soybean Oil are up with objectives of 5980 and 6200 March.  Support is at 5830, 5760, and 5690 March, with resistance at 5860, 5980, and 6040 March;

CANOLA AND PALM OIL 

General Comments:  Palm Oil was lower 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 a little higher in range trading and despite the Chicago price action.  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 1011.00, 996.00, and 979.00 March, with resistance at 1033.00, 1040.00, and 1046.00 March.  Trends in Palm Oil are up with no objectives.  Support is at 4900, 4860, and 4800 March, with resistance at 5050, 5120, and 5180 March.

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 

 

 

[JS1] 

DJ ICE Canada Cash Grain Close – Jan 6 

WINNIPEG — The following are the closing cash

canola prices from ICE Futures.

Source: ICE Futures

                      Price     Basis     Contract     Change

CANOLA  

*Par Region         1,028.00     5.00     Mar 2022     dn  1.40  

Basis: Thunder Bay  1,068.30    45.00     Mar 2022     up  0.30

Basis: Vancouver    1,098.30    75.00     Mar 2022     up  0.30

All prices in Canadian dollars per metric tonne.

*Quote for previous day

Source: Commodity News Service Canada

(news@marketsfarm.com, 204-414-9084, or cell

204-782-5944)

DJ Malaysian PM Cash Market Prices for Palm Oil – January 7 

  The following are prices for Malaysian palm oil in the cash market at 1000 GMT Friday, 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           1302.50      -15.00      Unquoted    –        –

Feb           1282.50      -05.00      Unquoted    –        –

Mar           1262.50      +05.00      Unquoted    –        –

Apr/May/Jun   1167.50      +05.00      Unquoted    –        –

Jul/Aug/Sep   1082.50       00.00      Unquoted    –        –

RBD palm olein, FOB, Malaysian ports

               Offer       Change      Bid         Change   Traded

Jan           1305.00      -15.00      Unquoted    –        –

Feb           1285.00      -05.00      Unquoted    –        –

Mar           1265.00      +05.00      Unquoted    –        –

Apr/May/Jun   1170.00      +05.00      Unquoted    –        –

Jul/Aug/Sep   1085.00       00.00      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           1250.00     +10.00      Unquoted   –        –

Crude palm oil, Delivered Basis, South Malaysia

               Offer       Change      Bid        Change   Traded

Jan          5,380.00     -40.00      Unquoted    –        –

Palm kernel oil, Delivered Basis, South Malaysia

               Offer       Change      Bid        Change   Traded

Jan            560.00     +19.00      Unquoted    –        –

($1=MYR4.206)

DJ China Dalian Grain Futures Closing Prices, Volume – Jan 07 

Soybean No. 1

Turnover: 156,123 lots, or 9.18 billion yuan

            Open      High       Low     Close     Prev.    Settle       Ch.       Vol      Open

                                                  Settle                                Interest

Jan-22     5,959     5,979     5,955     5,956     5,937     5,959        22       765       905

Mar-22     5,864     5,899     5,854     5,869     5,884     5,874       -10   117,213   149,976

May-22     5,862     5,924     5,862     5,894     5,913     5,901       -12    26,774    35,304

Jul-22     5,874     5,900     5,861     5,872     5,894     5,876       -18    10,556    25,837

Sep-22     5,801     5,819     5,783     5,804     5,809     5,802        -7       569     1,375

Nov-22     5,641     5,678     5,624     5,670     5,641     5,645         4       246     1,138

Corn

Turnover: 452,296 lots, or 1.21 billion yuan

            Open      High       Low     Close     Prev.    Settle       Ch.       Vol        Open

                                                  Settle                                  Interest

Jan-22     2,630     2,633     2,600     2,632     2,634     2,630        -4       476       1,192

Mar-22     2,638     2,652     2,636     2,646     2,649     2,640        -9    51,403     233,057

May-22     2,677     2,686     2,670     2,682     2,688     2,676       -12   362,308   1,033,416

Jul-22     2,696     2,697     2,685     2,694     2,703     2,690       -13    18,597     108,702

Sep-22     2,700     2,700     2,687     2,695     2,701     2,693        -8     6,347      45,172

Nov-22     2,689     2,691     2,677     2,689     2,685     2,684        -1    13,165      18,121

Soymeal

Turnover: 925,017 lots, or 30.00 billion yuan

            Open      High       Low     Close     Prev.    Settle       Ch.       Vol        Open

                                                  Settle                                  Interest

Jan-22         –         –         –     3,433     3,433     3,433         0         0       2,058

Mar-22     3,389     3,400     3,371     3,380     3,410     3,386       -24    61,779     304,096

May-22     3,225     3,245     3,215     3,225     3,247     3,229       -18   697,417   1,396,599

Jul-22     3,215     3,237     3,205     3,214     3,247     3,222       -25    38,242     181,656

Aug-22     3,264     3,273     3,244     3,254     3,291     3,259       -32    16,872     108,831

Sep-22     3,258     3,273     3,242     3,252     3,278     3,256       -22    77,628     164,488

Nov-22     3,251     3,263     3,228     3,234     3,278     3,245       -33    26,695      44,577

Dec-22     3,221     3,227     3,194     3,201     3,240     3,208       -32     6,384       5,661

Palm Oil

Turnover: 695,807 lots, or 61.75 billion yuan

            Open      High       Low     Close     Prev.    Settle       Ch.       Vol      Open

                                                  Settle                                Interest

Jan-22    10,566    10,566     9,868     9,868     9,830    10,076       246        35     3,075

Feb-22     9,656     9,754     9,644     9,720     9,692     9,694         2    15,284    24,355

Mar-22     9,460     9,566     9,438     9,536     9,492     9,516        24    28,692    65,342

Apr-22     9,134     9,242     9,106     9,200     9,152     9,188        36     7,392    42,896

May-22     8,780     8,894     8,744     8,858     8,810     8,836        26   620,716   463,339

Jun-22     8,514     8,680     8,494     8,634     8,568     8,600        32    12,395    27,657

Jul-22     8,414     8,508     8,352     8,478     8,420     8,452        32     4,462    10,663

Aug-22     8,256     8,312     8,256     8,288     8,256     8,256         0       153     4,413

Sep-22     8,116     8,234     8,094     8,180     8,150     8,174        24     6,509    17,959

Oct-22     8,100     8,140     8,038     8,140     8,100     8,100         0        93       243

Nov-22     7,938     8,004     7,896     7,970     7,938     7,956        18        73     1,790

Dec-22     7,870     7,946     7,870     7,946     7,876     7,916        40         3       469

Soybean Oil

Turnover: 661,973 lots, or 59.75 billion yuan

            Open      High       Low     Close     Prev.    Settle       Ch.       Vol      Open

                                                  Settle                                Interest

Jan-22     9,798     9,798     9,160     9,194     9,186     9,246        60        26       930

Mar-22     9,204     9,328     9,186     9,294     9,242     9,274        32    29,419   112,547

May-22     8,972     9,074     8,950     9,046     8,994     9,024        30   599,370   526,227

Jul-22     8,830     8,928     8,814     8,892     8,856     8,886        30    16,203    80,578

Aug-22     8,790     8,872     8,764     8,844     8,782     8,832        50     4,649    34,839

Sep-22     8,696     8,808     8,696     8,778     8,696     8,758        62     8,951    19,360

Nov-22     8,560     8,670     8,560     8,640     8,556     8,624        68     1,551    13,164

Dec-22     8,502     8,598     8,474     8,568     8,502     8,550        48     1,804       407

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