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 18 

Source: CME Group

              Contract                        Quantity   Next Trade

Commodity     Month      Delivery Day   Assigned Today   Date Available

SOYBEAN OIL   January    Jan 19, 2022               15   Jan 14, 2022

ROUGH RICE    January    Jan 19, 2022              158   Jan 14, 2022

SOYBEAN       January    Jan 19, 2022               38   Jan 14, 2022

DJ USDA Grain Inspections for Export in Metric Tons – Jan 18 

WA_GR101

Washington, DC    Tue Jan 18, 2022   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 JAN 13, 2022

                            — METRIC TONS —

————————————————————————-

                                                   CURRENT     PREVIOUS

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

  GRAIN      01/13/2022  01/06/2022  01/14/2021    TO DATE     TO DATE

BARLEY              0           0       2,395       10,010       23,339

CORN        1,204,188   1,022,677     934,140   15,288,456   17,498,275

FLAXSEED            0           0          24          224          485

MIXED               0           0           0            0            0

OATS              100           0           0          400        2,593

RYE                 0           0           0            0            0

SORGHUM       141,850     201,482     159,495    2,072,671    2,641,216

SOYBEANS    1,720,497     985,455   2,326,710   33,447,982   43,456,421

SUNFLOWER           0           0           0          432            0

WHEAT         369,188     234,356     283,850   12,802,036   15,580,643

Total       3,435,823   2,443,970   3,706,614   63,622,211   79,202,972

————————————————————————-

CROP MARKETING YEARS BEGIN JUNE 1 FOR WHEAT, RYE, OATS, BARLEY AND

FLAXSEED;  SEPTEMBER 1 FOR CORN, SORGHUM, SOYBEANS AND SUNFLOWER SEEDS.

WHEAT 

General Comments:   Wheat markets closed lower again last week as the weekly export sales report once again showed poor demand.  The USDA reports released Wednesday showed less domestic and export demand and higher than expected ending stocks levels.  The Wheat seedings report showed more than expected planted area, especially for Soft Red Winter.  It remains dry in the western Great Plains with no real relief in sight.  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 be finding a bottom now.  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.  Australian crop quality should be diminished.

Overnight News:  The southern Great Plains should get mostly dry conditions or isolated showers.  Temperatures should average above normal.  Northern areas should see isolated showers. Temperatures will average above normal.  The Canadian Prairies should see mostly dry conditions.  Temperatures should average above 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 748, 758, and 771 March.  Trends in Kansas City are down with objectives of 720 and 682 March.  Support is at 732, 724, and 712 March, with resistance at 760, 777, and 793 March.  Trends in Minneapolis are down with objectives of 871 March.  Support is at 871, 851, and 845 March, and resistance is at 9895, 906, and 915 March.

COT — Supplemental Report – Option and Futures Combined Positions as of January 11, 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   455,595

    : Positions                                                                               :

    :   36,380    81,557   136,671    73,550   151,942   176,664    43,376   423,265   413,546:   32,329    42,049

    : Changes from: January 4, 2022            (Change in open interest:      16,109)         :

    :   -6,983     2,125    10,309     5,382     4,662     8,272      -387    16,981    16,709:     -871      -600

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

    :      8.0      17.9      30.0      16.1      33.4      38.8       9.5      92.9      90.8:      7.1       9.2

    : Total Traders:   354          Number of Traders in Each Category                        :

    :       89        87       127        83       106        47        27       286       292:

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

COT — Supplemental Report – Option and Futures Combined Positions as of January 11, 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   242,770

    : Positions                                                                               :

    :   51,305    34,134    54,131    43,136   117,321    67,527    14,304   216,099   219,891:   26,671    22,879

    : Changes from: January 4, 2022            (Change in open interest:      -4,294)         :

    :   -5,620    -1,306      -421     4,804    -5,518    -3,628     2,720    -4,865    -4,525:      571       230

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

    :     21.1      14.1      22.3      17.8      48.3      27.8       5.9      89.0      90.6:     11.0       9.4

    : Total Traders:   252          Number of Traders in Each Category                        :

    :       69        44        68        67        83        35        17       203       186:

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

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 11, 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    71,192                :

: Positions                                                                                                    :

:   30,289    44,937     3,432     1,098       764     8,748     3,014     2,276     6,473     2,660     4,427 :

: Changes from:     January 4, 2022                                                                            :

:   -1,028    -7,047       881       190      -125    -3,940      -193      -170    -2,973        75       752 :

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

:     42.5      63.1       4.8       1.5       1.1      12.3       4.2       3.2       9.1       3.7       6.2 :

: Number of Traders in Each Category                                  Total Traders:   110                     :

:       50        45         5         .         4        13         5         .        16         6        12 :

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

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 11, 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    13,427                :

: Positions                                                                                                    :

:    4,499     7,736       245     1,600        35     6,515     2,700       300     1,260       462       286 :

: Changes from:     January 4, 2022                                                                            :

:   -2,331    -2,796         1      -400       -85    -1,240       154      -454       468      -100      -165 :

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

:     33.5      57.6       1.8      11.9       0.3      48.5      20.1       2.2       9.4       3.4       2.1 :

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

:        4        13         .         .         .         .         .         .         .         .         . :

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

RICE: 

General Comments:  Rice was sharply higher on Friday but lower for the week.  The USDA reports showed less production and imports and smaller ending stocks.  Demand was trimmed as well, but the supply was cut more.  Futures and cash market trading have been quiet until now and the cash market is still quiet but domestic mill business is around everywhere.  Many producers are not interested in selling.  Mills are showing more interest in the market as previously bought supplies start to run low.  The cash market is reported to be relatively strong as prices have held firm despite the quiet activity.

Overnight News:  The Delta should get scattered showers. Temperatures should be near to above normal.

Chart Analysis:  Trends are up with objectives of 1483 March.  Support is at 1451, 1443, and 1437 March and resistance is at 1483, 1488, and 1491 March.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 11, 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     7,798                :

: Positions                                                                                                    :

:    3,822     5,993       282         0         0     1,154       467         7       601       371       173 :

: Changes from:     January 4, 2022                                                                            :

:        7        68        85         0         0      -139         0         7        17         2        28 :

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

:     49.0      76.9       3.6       0.0       0.0      14.8       6.0       0.1       7.7       4.8       2.2 :

: Number of Traders in Each Category                                  Total Traders:    43                     :

:       12        17         .         0         0         8         .         .         6         .         . :

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

CORN AND OATS: 

General Comments:  Corn closed lower last week and the short term trends remain sideways.  USDA showed disappointing export sales in the weekly report on Thursday and rains are on the way to help dry soils in South America.   USDA on Wednesday increased US Corn production by a little bit and did not cut Argentine and Brazilian Corn production estimates as much as it could have.  Demand was also trimmed on the domestic and export side, with domestic food, seed, and industrial demand cut.  Ending stocks were about 1.500 billion bushels. The markets heard about potential improvement in growing conditions in South America.  Support came from 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.  Northern Brazil is expected to be drier to help with conditions there.  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.

Overnight News:  Unknown destinations bought 126,000 tons of US Sorghum.

Chart Analysis:  Trends in Corn are mixed.  Support is at 576, 572, and 567 March, and resistance is at 592, 601, and 608 March.  Trends in Oats are down with objectives of 580 and 505 March.  Support is at 601, 595, and 581 March, and resistance is at 622, 644, and 650 March.

COT — Supplemental Report – Option and Futures Combined Positions as of January 11, 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 1,861,529

    : Positions                                                                               :

    :  319,391    79,184   375,681   464,758 1,121,874   510,870    65,297 1,670,699 1,642,036:  190,830   219,494

    : Changes from: January 4, 2022            (Change in open interest:      -4,162)         :

    :  -24,252     4,532     3,578     3,948     2,828    11,236     4,490    -5,490    15,429:    1,328   -19,590

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

    :     17.2       4.3      20.2      25.0      60.3      27.4       3.5      89.7      88.2:     10.3      11.8

    : Total Traders:   830          Number of Traders in Each Category                        :

    :      179       107       173       356       429        51        26       669       662:

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

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 11, 2022

:                                             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     4,122                :

: Positions                                                                                                    :

:    1,096     1,231       150        60         0       427         0         0       306       172        37 :

: Changes from:     January 4, 2022                                                                            :

:        .         .         .         .         .         .         .         .         .         .         . :

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

:     26.6      29.9       3.6       1.5       0.0      10.4       0.0       0.0       7.4       4.2       0.9 :

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

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

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

SOYBEANS 

General Comments:  Soybeans and Soybean Oil closed lower on the disappointing weekly export sales report and as rains are forecast to return to dry soils in South America starting this weekend.  Soybean Meal was higher on a significant rally seen Friday that was apparently triggered by a Spanish purchase of 100,000 tons.  USDA on Wednesday showed less production of Soybeans for both Brazil and Argentina than the trade had expected.  USDA showed a slight increase in production in the US and also an increase in ending stocks levels, but it was the South American estimates that caught the eyes of the market.   The rains so far this week mostly fell in northern Brazil with southern Brazil, much of Argentina, and Paraguay still mostly dry.  Showers are now in the forecast for southern Brazil this week and in parts of Argentina. 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.  Rains are expected in southern Brazil growing areas and Argentina this week.

Overnight News:  Mexico bought 239,486 tons of US Soybeans. 

Chart Analysis:  Trends in Soybeans are mixed.  Support is at 1364, 1355, and 1340 March, and resistance is at 1401, 1416, and 1420 March.  Trends in Soybean Meal are mixed.   Support is at 404.00, 402.00, and 398.00 March, and resistance is at 420.00 426.00, and 432.00 March.  Trends in Soybean Oil are mixed.  Support is at 5750, 5690, and 5630 March, with resistance at 5980, 6000, and 6040 March.

COT — Supplemental Report – Option and Futures Combined Positions as of January 11, 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   833,968

    : Positions                                                                               :

    :  122,425    37,138   180,537   238,624   482,498   232,945    39,332   774,531   739,505:   59,437    94,463

    : Changes from: January 4, 2022            (Change in open interest:      44,628)         :

    :      693     1,255    22,353     1,823    18,031    18,350     5,646    43,219    47,285:    1,409    -2,657

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

    :     14.7       4.5      21.6      28.6      57.9      27.9       4.7      92.9      88.7:      7.1      11.3

    : Total Traders:   605          Number of Traders in Each Category                        :

    :      163        98       172       182       255        50        21       478       481:

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

COT — Supplemental Report – Option and Futures Combined Positions as of January 11, 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   430,663

    : Positions                                                                               :

    :   54,516    44,074    86,418   122,403   262,074   132,610    13,364   395,947   405,931:   34,716    24,732

    : Changes from: January 4, 2022            (Change in open interest:       7,966)         :

    :    1,948       523    10,585    -4,420    -1,827    -2,156      -432     5,959     8,849:    2,008      -883

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

    :     12.7      10.2      20.1      28.4      60.9      30.8       3.1      91.9      94.3:      8.1       5.7

    : Total Traders:   295          Number of Traders in Each Category                        :

    :       74        54        84        85        94        40        20       249       215:

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

COT — Supplemental Report – Option and Futures Combined Positions as of January 11, 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   454,258

    : Positions                                                                               :

    :   74,666    19,890    83,798   110,242   316,945   131,736     8,472   400,442   429,105:   53,816    25,153

    : Changes from: January 4, 2022            (Change in open interest:      17,979)         :

    :   -1,721       471    11,735      -663     5,362     6,691      -125    16,042    17,443:    1,937       537

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

    :     16.4       4.4      18.4      24.3      69.8      29.0       1.9      88.2      94.5:     11.8       5.5

    : Total Traders:   283          Number of Traders in Each Category                        :

    :       81        40        65        94       103        37        15       240       199:

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

CANOLA AND PALM OIL 

General Comments:  Palm Oil was lower last week on what appeared to be speculative long liquidation.  It was higher yesterday and moved to new contract highs.  Futures were closed today.  There are still poor production conditions in Malaysia and Indonesia.  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.  Production conditions have been very poor and workers are not often in the fields.  Canola was lower again and price trends are starting to turn down.  The forecasts for rain are hurting Canola as well as Soybeans prices.  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.  Chart trends are down for the daily charts and futures are at the low end of the trading range on the weekly charts after a failed move higher.

Overnight News:

Chart Analysis:  Trends in Canola are down with objectives of 967.00 March.  Support is at 970.00, 945.00, and 938.00 March, with resistance at 991.00, 996.00, and 1011.00 March.  Trends in Palm Oil are mixed to up with objectives of 5090 and 5260 April.  Support is at 4840, 4760, and 4700 April, with resistance at 4990, 5060, and 5120 April.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 11, 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   186,844                :

: Positions                                                                                                    :

:   83,563   152,930       653     5,618       474    71,937     1,936     9,953     6,836     4,482     9,892 :

: Changes from:     January 4, 2022                                                                            :

:   -5,027       -20       138      -528         4     2,810      -916    -1,218      -317    -1,224       635 :

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

:     44.7      81.8       0.3       3.0       0.3      38.5       1.0       5.3       3.7       2.4       5.3 :

: Number of Traders in Each Category                                  Total Traders:   260                     :

:       49        36         4         6         5        61         6        12        84        29        46 :

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

 

Midwest Weather Forecast:   Chance of snow today and tomorrow.  Temperatures should average near to nelow 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 17 

     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          987.90     5.00     Mar. 2022    dn  1.90  

Basis: Thunder Bay  1020.20    45.00     Mar. 2022    dn  7.70

Basis: Vancouver    1050.20    75.00     Mar. 2022    up  7.70

     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 China Dalian Grain Futures Closing Prices, Volume – Jan 18 

Soybean No. 1

Turnover: 127,843 lots, or .75 billion yuan

            Open      High       Low     Close     Prev.    Settle       Ch.       Vol      Open

                                                  Settle                                Interest

Mar-22     5,816     5,859     5,805     5,841     5,796     5,835        39   100,439   155,746

May-22     5,857     5,896     5,841     5,875     5,837     5,877        40    17,347    38,617

Jul-22     5,838     5,880     5,834     5,880     5,823     5,864        41     8,577    31,866

Sep-22     5,820     5,869     5,808     5,852     5,810     5,847        37     1,108     4,380

Nov-22     5,800     5,847     5,800     5,832     5,799     5,835        36       321     5,265

Jan-23     5,805     5,811     5,779     5,795     5,799     5,796        -3        51        26

Corn

Turnover: 430,313 lots, or 11.69 billion yuan

            Open      High       Low     Close     Prev.    Settle       Ch.       Vol        Open

                                                  Settle                                  Interest

Mar-22     2,684     2,694     2,679     2,685     2,686     2,686         0    54,768     207,911

May-22     2,721     2,730     2,714     2,719     2,723     2,721        -2   324,407   1,098,812

Jul-22     2,718     2,728     2,718     2,722     2,724     2,722        -2    30,368     113,574

Sep-22     2,719     2,728     2,718     2,722     2,724     2,722        -2    13,687      59,729

Nov-22     2,711     2,711     2,703     2,704     2,707     2,705        -2     6,290      21,068

Jan-23     2,670     2,700     2,670     2,685     2,707     2,682       -25       793         504

Soymeal

Turnover: 851,975 lots, or 27.07 billion yuan

            Open      High       Low     Close     Prev.    Settle       Ch.       Vol        Open

                                                  Settle                                  Interest

Mar-22     3,330     3,337     3,300     3,326     3,330     3,321        -9    52,264     248,073

May-22     3,174     3,176     3,144     3,156     3,173     3,161       -12   639,618   1,403,804

Jul-22     3,168     3,171     3,140     3,153     3,171     3,158       -13    35,077     199,738

Aug-22     3,231     3,233     3,200     3,219     3,235     3,221       -14     7,869     113,311

Sep-22     3,226     3,231     3,195     3,211     3,226     3,213       -13    86,131     259,988

Nov-22     3,193     3,199     3,171     3,185     3,192     3,186        -6    17,314      45,177

Dec-22     3,189     3,199     3,168     3,180     3,185     3,185         0    11,049       6,980

Jan-23     3,227     3,227     3,151     3,162     3,185     3,172       -13     2,653       1,593

Palm Oil

Turnover: 711,122 lots, or 65.06 billion yuan

            Open      High       Low     Close     Prev.    Settle       Ch.       Vol      Open

                                                  Settle                                Interest

Feb-22    10,134    10,298    10,134    10,280    10,042    10,232       190     1,326     9,057

Mar-22     9,832    10,000     9,832     9,994     9,736     9,920       184    30,598    77,299

Apr-22     9,486     9,630     9,464     9,630     9,394     9,566       172    15,665    53,257

May-22     9,060     9,188     9,042     9,166     8,976     9,126       150   625,279   537,296

Jun-22     8,740     8,892     8,726     8,888     8,716     8,826       110    22,696    47,759

Jul-22     8,592     8,738     8,566     8,696     8,524     8,646       122     6,983    17,160

Aug-22     8,478     8,502     8,478     8,502     8,372     8,492       120         5     3,863

Sep-22     8,320     8,418     8,302     8,402     8,260     8,368       108     8,409    20,304

Oct-22     8,212     8,310     8,212     8,310     8,188     8,282        94         7       199

Nov-22     8,138     8,198     8,122     8,198     8,094     8,172        78        50     1,724

Dec-22     8,116     8,140     8,116     8,140     8,046     8,124        78         4        39

Jan-23     8,050     8,058     7,880     8,044     8,046     8,008       -38       100        63

Soybean Oil

Turnover: 655,992 lots, or 6.01 billion yuan

            Open      High       Low     Close     Prev.    Settle       Ch.       Vol      Open

                                                  Settle                                Interest

Mar-22     9,412     9,512     9,412     9,502     9,400     9,470        70    37,169    92,304

May-22     9,160     9,218     9,116     9,196     9,100     9,172        72   558,625   567,132

Jul-22     8,934     9,052     8,934     9,020     8,934     8,998        64    21,315    98,631

Aug-22     8,912     8,994     8,894     8,964     8,884     8,950        66     9,121    37,050

Sep-22     8,822     8,924     8,822     8,888     8,820     8,884        64    13,614    39,235

Nov-22     8,734     8,812     8,718     8,782     8,704     8,772        68     9,438     6,509

Dec-22     8,652     8,740     8,634     8,708     8,630     8,692        62     6,593       666

Jan-23     8,716     8,716     8,620     8,692     8,630     8,644        14       117        72

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