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 10 

Source: CME Group

            Contract                        Quantity   Next Trade

Commodity   Month      Delivery Day   Assigned Today   Date Available

SOYBEAN     January    Jan 11, 2022              101   Jan 06, 2022

WHEAT 

General Comments:   Wheat markets closed lower last week 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 mixed to down with objectives of 711 and 709 March.  Support is at 736, 714, and 697 March, with resistance at 771, 776, and 783 March.  Trends in Kansas City are down with objectives of  749 and 729 March.  Support is at 755, 751, and 747 March, with resistance at 783, 787, and 793 March.  Trends in Minneapolis are down with objectives of 871 March.  Support is at 906, 901, and 888 March, and resistance is at 948, 965, and 977 March.

COT — Supplemental Report – Option and Futures Combined Positions as of January 04, 2022

    :                                    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   439,485

    : Positions                                                                               :

    :   43,363    79,431   126,362    68,168   147,280   168,392    43,764   406,285   396,836:   33,201    42,649

    : Changes from: December 28, 2021          (Change in open interest:       5,758)         :

    :   -2,908     2,662     2,963     2,279    -2,832     3,191       -23     5,526     2,770:      232     2,988

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

    :      9.9      18.1      28.8      15.5      33.5      38.3      10.0      92.4      90.3:      7.6       9.7

    : Total Traders:   347          Number of Traders in Each Category                        :

    :       91        85       122        75       103        47        28       279       281:

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

COT — Supplemental Report – Option and Futures Combined Positions as of January 04, 2022

    :                                    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   247,064

    : Positions                                                                               :

    :   56,926    35,440    54,552    38,332   122,840    71,155    11,584   220,964   224,415:   26,100    22,649

    : Changes from: December 28, 2021          (Change in open interest:       2,544)         :

    :   -5,348     2,818     4,670     3,148    -5,081    -1,470       672     1,001     3,078:    1,544      -534

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

    :     23.0      14.3      22.1      15.5      49.7      28.8       4.7      89.4      90.8:     10.6       9.2

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

    :       62        50        71        67        86        37        17       204       192:

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

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 4, 2022

:                                             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    77,161                :

: Positions                                                                                                    :

:   31,317    51,984     2,551       908       890    12,688     3,207     2,446     9,445     2,585     3,675 :

: Changes from:     December 28, 2021                                                                          :

:    1,877    -1,628       516         0       134    -1,775       774      -273      -298      -118      -343 :

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

:     40.6      67.4       3.3       1.2       1.2      16.4       4.2       3.2      12.2       3.4       4.8 :

: Number of Traders in Each Category                                  Total Traders:   114                     :

:       50        51         5         .         4        12         5         6        15         7        11 :

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

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 4, 2022

:                                             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    17,372                :

: Positions                                                                                                    :

:    6,830    10,532       244     2,000       120     7,755     2,546       754       792       562       451 :

: Changes from:     December 28, 2021                                                                          :

:     -650      -225       244         0       120       255       100      -300        97       -13         0 :

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

:     39.3      60.6       1.4      11.5       0.7      44.6      14.7       4.3       4.6       3.2       2.6 :

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

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

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

RICE: 

General Comments:  Rice was a little higher on Friday in consolidation trading.  Trends are starting to turn up again on the daily charts.  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.  Support is at 1450, 1443, and 1435 March and resistance is at 1488, 1491, and 1500 March.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 4, 2022

:                                             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     7,765                :

: Positions                                                                                                    :

:    3,815     5,925       197         0         0     1,293       467         0       584       369       145 :

: Changes from:     December 28, 2021                                                                          :

:     -757       855        56         0         0       485      -683         0        80       -21      -173 :

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

:     49.1      76.3       2.5       0.0       0.0      16.7       6.0       0.0       7.5       4.8       1.9 :

: Number of Traders in Each Category                                  Total Traders:    41                     :

:       10        15         .         0         0         9         .         0         5         .         . :

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

CORN AND OATS: 

General Comments:  Corn closed slightly higher on Friday and the short term trends are sideways but are turning up to go along with the longer term trends in the market.  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 Brazil 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 132,000 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 to down with objectives of 660 and 640 March.  Support is at 650, 646, and 633 March, and resistance is at 674, 680, and 694 March.

COT — Supplemental Report – Option and Futures Combined Positions as of January 04, 2022

    :                                    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 1,865,691

    : Positions                                                                               :

    :  343,643    74,652   372,103   460,809 1,119,046   499,634    60,806 1,676,189 1,626,607:  189,502   239,084

    : Changes from: December 28, 2021          (Change in open interest:      22,589)         :

    :  -10,764     3,035    13,150     1,416   -23,660     7,456     2,862    11,259    -4,613:   11,330    27,202

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

    :     18.4       4.0      19.9      24.7      60.0      26.8       3.3      89.8      87.2:     10.2      12.8

    : Total Traders:   831          Number of Traders in Each Category                        :

    :      185       107       168       341       429        51        22       659       654:

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

SOYBEANS 

General Comments:  Soybeans and the products closed sharply higher on Friday and higher for the week as the South American weather situation remains a mixed bag   The rains over the week 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 at times last week.  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:   

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.

DJ Brazil Soybean Harvest Off to an Early Start — Market Talk 

     1004 ET – Brazilian farmers in the states of Parana and Mato Grosso had as of Jan. 6 already begun some of their soybean harvesting work for the 2021-2022 growing season, according to agricultural consultancy AgRural. Harvesting was completed on 0.2% of the area planted with the oilseeds on that date, and on the same date a year ago no harvesting activity had begun, the group said. In Parana, farmers began their harvesting in areas hardest hit by a drought that has slammed productivity, and yields have varied widely, AgRural said. In Mato Grosso farmers are reporting good yields along with some complaints about excess moisture and some damaged plants. AgRural last week cut its forecast for Brazil’s 2021-2022 soybean harvest by 11.3 million metric tons to 133.4 million tons because of the drought and high temperatures in Parana and other southern states. (jeffrey.lewis@wsj.com)

COT — Supplemental Report – Option and Futures Combined Positions as of January 04, 2022

    :                                    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   789,340

    : Positions                                                                               :

    :  121,733    35,883   158,184   236,801   464,467   214,595    33,686   731,313   692,220:   58,028    97,121

    : Changes from: December 28, 2021          (Change in open interest:      21,901)         :

    :    5,028      -112     3,552     5,609     8,421     7,607     3,809    21,795    15,669:      106     6,232

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

    :     15.4       4.5      20.0      30.0      58.8      27.2       4.3      92.6      87.7:      7.4      12.3

    : Total Traders:   571          Number of Traders in Each Category                        :

    :      155        87       153       182       246        50        20       452       449:

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

COT — Supplemental Report – Option and Futures Combined Positions as of January 04, 2022

    :                                    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   422,697

    : Positions                                                                               :

    :   52,567    43,551    75,832   126,823   263,901   134,766    13,796   389,988   397,081:   32,709    25,615

    : Changes from: December 28, 2021          (Change in open interest:       2,853)         :

    :    4,328    -3,099     3,233    -7,836     4,514     1,901      -797     1,627     3,851:    1,226      -998

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

    :     12.4      10.3      17.9      30.0      62.4      31.9       3.3      92.3      93.9:      7.7       6.1

    : Total Traders:   299          Number of Traders in Each Category                        :

    :       73        58        85        88        96        40        21       250       221:

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

COT — Supplemental Report – Option and Futures Combined Positions as of January 04, 2022

    :                                    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   436,279

    : Positions                                                                               :

    :   76,386    19,420    72,063   110,904   311,583   125,045     8,597   384,399   411,662:   51,879    24,616

    : Changes from: December 28, 2021          (Change in open interest:       5,975)         :

    :    7,428     2,259     2,142    -2,670     5,408       827      -607     7,727     9,203:   -1,752    -3,227

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

    :     17.5       4.5      16.5      25.4      71.4      28.7       2.0      88.1      94.4:     11.9       5.6

    : Total Traders:   290          Number of Traders in Each Category                        :

    :       80        46        61        95       106        38        16       246       200:

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

CANOLA AND PALM OIL 

General Comments:  Palm Oil was higher last week as rains hit Malaysia over the weekend and caused floods and renewed production concerns.  It was higher today on the MPOB data showing smaller than expected stocks levels.  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 with 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 to u[p with objectives of 432.00 and 449.00 March.  Support is at 1027.00, 1012.00, and 996.00 March, with resistance at 1040.00, 1048.00, and 1054.00 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.

DJ Malaysia Jan. 1-10 Palm Oil Exports 318,928 Tons, Down 41%, AmSpec Says 

   By Yi Wei Wong

  Malaysia’s palm oil exports during the Jan. 1-10 period are estimated to have fallen 41% from the previous month to 318,928 metric tons, cargo surveyor AmSpec Agri Malaysia said Monday.

  The following are the major items in the AmSpec estimate:

  (All figures in metric tons)

                        Jan 1-10       Dec 1-10

   RBD Palm Olein        149,245       161,070

   RBD Palm Oil           30,850        40,189

   RBD Palm Stearin       18,820        50,506

   Crude Palm Oil         64,034       119,690

   Total*                318,928       544,059

  *Palm oil product volumes don’t add up to total as some products aren’t included.

DJ Malaysia’s December Palm Oil Exports 1.41M Tons; Down 3.5%, MPOB Says 

  Malaysia’s palm oil exports were down 3.5% on month at 1.41 million metric tons in December, the Malaysian Palm Oil Board said.

  The following are details of the December crop data and revised numbers for November, issued by MPOB:

                          December   November        Change

                                                   On Month

  Crude Palm Oil Output  1,450,905  1,634,932  Dn    11.26%

       Palm Oil Exports  1,414,566  1,465,518  Dn     3.48%

Palm Kernel Oil Exports     94,329    123,005  Dn    23.31%

       Palm Oil Imports    102,768     97,891  Up     4.98%

         Closing Stocks  1,583,040  1,817,061  Dn    12.88%

         Crude Palm Oil    830,339    942,354  Dn    11.89%

     Processed Palm Oil    752,701    874,707  Dn    13.95%

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 4, 2022

:                                             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    44,424                :

: Positions                                                                                                    :

:   34,062    31,672     2,906     1,896     2,096        80         0         0     3,760     7,240     1,520 :

: Changes from:     December 28, 2021                                                                          :

:     -485      -587       -90      -140       -10         0         0         0      -112        40       280 :

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

:     76.7      71.3       6.5       4.3       4.7       0.2       0.0       0.0       8.5      16.3       3.4 :

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

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

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

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 4, 2022

:                                             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   189,916                :

: Positions                                                                                                    :

:   88,590   152,949       514     6,146       470    69,127     2,852    11,171     7,153     5,706     9,257 :

: Changes from:     December 28, 2021                                                                          :

:   -4,400       669       336    -1,007        39     1,995      -549     1,023       442      -663     1,301 :

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

:     46.6      80.5       0.3       3.2       0.2      36.4       1.5       5.9       3.8       3.0       4.9 :

: Number of Traders in Each Category                                  Total Traders:   270                     :

:       55        41         4         6         .        60        12        14        85        27        41 :

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

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 10 

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

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

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

               Offer       Change      Bid        Change   Traded

Jan           1307.50      +05.00      Unquoted    –        –

Feb           1287.50      +05.00      Unquoted    –        –

Mar           1252.50      -10.00      Unquoted    –        –

Apr/May/Jun   1165.00      -02.50      Unquoted    –        –

Jul/Aug/Sep   1085.00      +02.50      Unquoted    –        –

RBD palm olein, FOB, Malaysian ports

               Offer       Change      Bid         Change   Traded

Jan           1310.00      +05.00      Unquoted    –        –

Feb           1290.00      +05.00      Unquoted    –        –

Mar           1255.00      -10.00      Unquoted    –        –

Apr/May/Jun   1167.50      -02.50      Unquoted    –        –

Jul/Aug/Sep   1087.50      +02.50      Unquoted    –        –

RBD palm stearin, FOB, Malaysian ports

               Offer       Change      Bid        Change   Traded

Jan           1335.00     +05.00      Unquoted    –        –

Palm Fatty Acid Distillate, FOB Malaysian ports

               Offer       Change      Bid        Change   Traded

Jan           1255.00     +05.00      Unquoted    –        –

Crude palm oil, Delivered Basis, South Malaysia

               Offer       Change      Bid        Change   Traded

Jan          5,360.00     -20.00      Unquoted    –        –

Palm kernel oil, Delivered Basis, South Malaysia

               Offer       Change      Bid        Change   Traded

Jan            557.00     -03.00      Unquoted    –        –

($1=MYR4.199)

Questions? Ask Jack Scoville today at 312-264-4322