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 – Feb 28

Source: CME Group

               Contract                        Quantity   Next Trade

Commodity      Month      Delivery Day   Assigned Today   Date Available

SOYBEAN OIL    March      Mar 01, 2022               28   Feb 02, 2022

ROUGH RICE     March      Mar 01, 2022              311   Feb 24, 2022

KC HRW WHEAT   March      Mar 01, 2022               92   Dec 31, 2021

SOYBEAN        March      Mar 01, 2022                2   Oct 18, 2021

WHEAT          March      Mar 01, 2022              240   Feb 23, 2022

WHEAT

General Comments:   Wheat markets were higher even with a major sell off seen on Friday on reports that Russia had invaded Ukraine and were bombing major cities or near them.  Russia said it would try to negotiate with Ukraine now with the invasion underway and that helped cause the selling.  Mr Biden said that the US would not embargo Crude Oil or agricultural products trade from the world market in another blow to world Wheat prices and then US prices.  Higher prices seem likely down the road.  Mr Putin appears to have decided that Ukraine will be part of Russia should never been allowed to leave the Soviet Union.  Ukraine appears ready to fight but will be badly outnumbered.   Ukrainians have no interest in living under Russian occupation so the war could be deadly and very costly to both sides.  Russia and Ukraine are both major Wheat exporters so the Wheat market could be damaged.   It remains dry in the western Great Plains but some precipitation is expected.  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.  Dry weather in southern Russia as well as the US Great Plains and Canadian Prairies caused a lot less production. 

Overnight News:  The southern Great Plains should get scattered showers.  Temperatures should average below normal.  Northern areas should see isolated showers in southern areas. Temperatures will average below normal.  The Canadian Prairies should see isolated to scattered showers.  Temperatures should average below normal.

Chart Analysis:  Trends in Chicago are mixed.  Support is at 854, 834, and 827 May, with resistance at 886, 935, and 961 May.  Trends in Kansas City are mixed.  Support is at 891, 869, and 851 May, with resistance at 967, 981, and 992 May.  Trends in Minneapolis are mixed.  Support is at 955, 937, and 927 May, and resistance is at 975, 998, and 1063 May.

COT — Supplemental Report – Option and Futures Combined Positions as of February 22, 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   471,913

    : Positions                                                                               :

    :   49,586    89,913   139,092    63,822   162,397   182,342    36,658   434,843   428,060:   37,070    43,853

    : Changes from: February 15, 2022          (Change in open interest:     -39,126)         :

    :    8,619    -7,043   -28,830   -11,955      -715    -5,731    -4,606   -37,898   -41,194:   -1,228     2,068

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

    :     10.5      19.1      29.5      13.5      34.4      38.6       7.8      92.1      90.7:      7.9       9.3

    : Total Traders:   362          Number of Traders in Each Category                        :

    :      100        83       124        71       102        49        25       290       281:

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

COT — Supplemental Report – Option and Futures Combined Positions as of February 22, 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   233,966

    : Positions                                                                               :

    :   41,659    24,662    52,398    43,249   119,169    69,571    11,213   206,877   207,441:   27,088    26,524

    : Changes from: February 15, 2022          (Change in open interest:     -15,063)         :

    :    2,918    -1,466   -13,966    -3,223     2,089      -853    -1,776   -15,124   -15,118:       61        55

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

    :     17.8      10.5      22.4      18.5      50.9      29.7       4.8      88.4      88.7:     11.6      11.3

    : Total Traders:   241          Number of Traders in Each Category                        :

    :       62        41        64        69        79        34        19       197       179:

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

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of February 22, 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    70,932                :

: Positions                                                                                                    :

:   29,883    48,721     2,472         0       250    10,595     3,612     3,339     5,835       974     1,731 :

: Changes from:     February 15, 2022                                                                          :

:   -2,376      -542      -333      -698      -321     2,006       291       216       -65      -143    -2,571 :

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

:     42.1      68.7       3.5       0.0       0.4      14.9       5.1       4.7       8.2       1.4       2.4 :

: Number of Traders in Each Category                                  Total Traders:    96                     :

:       45        40         6         0         .        15         5         7        12         .         6 :

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

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of February 22, 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    10,906                :

: Positions                                                                                                    :

:    5,701     6,200       390     1,037       194     2,425     2,919         0     1,565         0         0 :

: Changes from:     February 15, 2022                                                                          :

:      102      -275       -78       403       -83       -30         0         0       400         0         0 :

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

:     52.3      56.9       3.6       9.5       1.8      22.2      26.8       0.0      14.4       0.0       0.0 :

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

:        6         9         .         .         .         .         .         0         .         0         0 :

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

RICE:                                              

General Comments:  Rice was a little higher last week in range trading.  The buying late in the week was due to the Russian invasion of Ukraine but futures only rallied a little bit and did not give the gains back that much on Friday.  It appeared to be a combination of producer and speculative selling.  The cash market is showing that domestic mill business is around everywhere but not real active anywhere but the business is there and is getting done despite the higher priced offers.  Producer sales are reported to have been way ahead of average early in the marketing year so stocks on hand in first hands are reported to be lower than normal.  Asian prices were firm last week.

Overnight News:  The Delta should get mostly dry conditions. Temperatures should be below normal.

Chart Analysis:  Trends are mixed to up with objectives of 1630 May.  Support is at 1520, 1501, and 1491 May and resistance is at 1549, 1573, and 1577 May.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of February 22, 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     9,386                :

: Positions                                                                                                    :

:    4,530     7,022       291         0         0     1,384       467         2       302       599       610 :

: Changes from:     February 15, 2022                                                                          :

:      432        89        -5         0         0      -191         0         2        -4         8      -260 :

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

:     48.3      74.8       3.1       0.0       0.0      14.7       5.0       0.0       3.2       6.4       6.5 :

: Number of Traders in Each Category                                  Total Traders:    47                     :

:       14        20         .         0         0         9         .         .         .         5         7 :

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

CORN AND OATS:

General Comments:  Corn closed a little higher after Russia invaded Ukraine.  Futures were limit up early Thursday, then sold off during the day and again on Friday on what appeared to be some producer selling and speculative selling as Russia offered to negotiate with Ukraine.   Oats were sharply lower last week.  The potential loss of Ukraine exports of Corn makes the world situation tighter and could b enough to keep Corn prices trending higher for now.  The South American agricultural areas got an inch or less of precipitation last week and more showers and rains are expected next week.  Crop losses in South America are becoming more and more of a reality for the Corn market right now.  The Soybeans harvest farther north is being somewhat delayed due to wet weather and this might affect planting of the Safrinha crop in Brazil.  Planted area there as well as in the US is in question due to the high costs and the lack of availability of inputs for growing a successful crop.

Overnight News: 

Chart Analysis:  Trends in Corn are mixed.  Support is at 648, 635, and 626 May, and resistance is at 679, 716, and 722 May.  Trends in Oats are down with objectives of 606 May.  Support is at 603, 582, and 574 May, and resistance is at 632, 647, and 662 May.

COT — Supplemental Report – Option and Futures Combined Positions as of February 22, 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 1,947,320

    : Positions                                                                               :

    :  366,305    79,613   395,420   457,298 1,160,125   530,337    85,303 1,749,359 1,720,461:  197,961   226,860

    : Changes from: February 15, 2022          (Change in open interest:    -115,356)         :

    :   24,006    -3,233   -76,622   -50,227   -13,512    -7,642   -17,767  -110,484  -111,134:   -4,873    -4,222

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

    :     18.8       4.1      20.3      23.5      59.6      27.2       4.4      89.8      88.4:     10.2      11.6

    : Total Traders:   843          Number of Traders in Each Category                        :

    :      195        95       173       381       438        54        25       708       666:

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

SOYBEANS

General Comments:  Soybeans were a little lower last week despite the war between the west, Ukraine, and Russia.  The war initially supported Soybeans and world vegetable oils as Russia and Ukraine both export Sunflower Oil.  However, Russia has now offered to talk to Ukraine and the US is not real interested in curbing Russian exports as part of the sanctions so the market was sharply lower on Friday.  Soybean Oil closed higher for the week but Soybean Meal closed lower.  Soybeans closed mostly lower as well as Ukraine and Russia are not suppliers of Soybeans to the world.  Farmers appeared to take advantage of the rally to sell but demand remains strong for US Soybeans from the current crop and the new crop.  The world situation is still tightening as Brazil and Argentina are getting into the harvest of less Soybeans.  Paraguay might import Soybeans this year from Argentina.  Higher Soybeans prices are still possible due to the war and the overall supply and demand situation.

Overnight News:  Unknown destinations bought 120,000 tons of US Soybeans and China bought 138,000 tons of US new crop Soybeans

Chart Analysis:  Trends in Soybeans are mixed.  Support is at 1579, 1546, and 1534 May, and resistance is at 1648, 1660, and 1672 May.  Trends in Soybean Meal are mixed.   Support is at 443.00, 436.00, and 429.00 May, and resistance is at 454.00 475.00, and 487.00 May.  Trends in Soybean Oil are mixed.  Support is at 6790, 6660, and 6450 May, with resistance at 7050, 7460, and 7580 May.

COT — Supplemental Report – Option and Futures Combined Positions as of February 22, 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 1,036,939

    : Positions                                                                               :

    :  189,717    44,855   257,687   277,261   583,669   245,105    52,443   969,770   938,655:   67,169    98,285

    : Changes from: February 15, 2022          (Change in open interest:     -87,897)         :

    :    9,712     5,149   -58,940   -26,294   -16,958   -12,231   -14,542   -87,752   -85,290:     -145    -2,606

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

    :     18.3       4.3      24.9      26.7      56.3      23.6       5.1      93.5      90.5:      6.5       9.5

    : Total Traders:   655          Number of Traders in Each Category                        :

    :      184        96       183       214       284        48        21       525       519:

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

COT — Supplemental Report – Option and Futures Combined Positions as of February 22, 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   457,440

    : Positions                                                                               :

    :   71,615    30,570    96,071   110,307   289,159   138,711    15,354   416,705   431,154:   40,736    26,287

    : Changes from: February 15, 2022          (Change in open interest:     -28,925)         :

    :    8,058    -1,250   -15,641   -17,686    -5,169    -1,199    -3,868   -26,469   -25,928:   -2,456    -2,997

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

    :     15.7       6.7      21.0      24.1      63.2      30.3       3.4      91.1      94.3:      8.9       5.7

    : Total Traders:   287          Number of Traders in Each Category                        :

    :       85        46        83        79        87        40        19       247       203:

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

COT — Supplemental Report – Option and Futures Combined Positions as of February 22, 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   489,168

    : Positions                                                                               :

    :   80,595    17,562   101,115   109,274   332,968   141,680    10,310   432,663   461,955:   56,504    27,213

    : Changes from: February 15, 2022          (Change in open interest:     -35,393)         :

    :      725      -372   -16,696   -15,929    -8,985    -1,571    -7,385   -33,471   -33,439:   -1,921    -1,954

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

    :     16.5       3.6      20.7      22.3      68.1      29.0       2.1      88.4      94.4:     11.6       5.6

    : Total Traders:   288          Number of Traders in Each Category                        :

    :       89        34        77        91       102        39        15       257       200:

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

CANOLA AND PALM OIL

General Comments Palm Oil was higher last week on demand ideas and the Russian invasion of Ukraine.  Demand in Malaysia could improve soon as Indonesia is expected to keep most Palm Oil at home.  Indonesia is once again making moves to cut the availability of Palm Oil for export as it seeks to keep more at home for bio fuels purposes.  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.  Canola was much higher along with Chicago and Malaysia and on ideas of reduced Sunflower export potential from Russia and Ukraine due to the war  The market is worried about South American production as well.

Overnight News:

Chart Analysis:  Trends in Canola are mixed.  Support is at 986.00, 978.00, and 964.00 May, with resistance at 1024.00, 1031.00, and 1060.00 May.  Trends in Palm Oil are mixed.  Support is at 5710, 5630, and 57159 May, with resistance at 5990, 6470, and 6580 May.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of February 22, 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    46,692                :

: Positions                                                                                                    :

:   33,057    33,326     2,696     1,776     4,614       240         0         0     3,310     4,201     2,775 :

: Changes from:     February 15, 2022                                                                          :

:      735     1,054      -304       256        46         0         0         0      -120      -999       -25 :

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

:     70.8      71.4       5.8       3.8       9.9       0.5       0.0       0.0       7.1       9.0       5.9 :

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

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

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

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of February 22, 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   162,577                :

: Positions                                                                                                    :

:   82,483   130,848     1,669     5,742     1,258    57,475     5,793     5,132     4,645     5,684     6,745 :

: Changes from:     February 15, 2022                                                                          :

:   -7,044    -6,567       -18      -256       126     1,000     1,385    -1,417      -323      -861    -1,910 :

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

:     50.7      80.5       1.0       3.5       0.8      35.4       3.6       3.2       2.9       3.5       4.1 :

: Number of Traders in Each Category                                  Total Traders:   251                     :

:       48        45         .         7         4        56        13        12        73        27        44 :

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

Midwest Weather Forecast:   Mixed precipitation.  Temperatures should average near normal.

US Gulf Cash Basis

 

 

 

 

 

 

 

 

Corn

HRW

SRW

Soybeans

Soybean Meal

Soybean Oil

February

120 Mar

250 Mar

150 Mar

150 Mar

March

107 Mar

250 Mar

150 Mar

145 Mar

April

97 May

240 May

140 May

111 May

 

 

DJ ICE Canada Cash Grain Close – Feb 25

     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         1052.00   -13.40     Mar. 2022    up  8.90

Basis: Thunder Bay  1051.20    50.00     May  2022    dn 50.80

Basis: Vancouver    1076.20    75.00     May  2022    dn 50.80

     All prices in Canadian dollars per metric tonne.

     *Quote for previous day.

     Source: Commodity News Service Canada (news@marketsfarm.com,

or 204-414-9084)

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

  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

Mar             1827.50     -140.00     Unquoted    –        –

Apr/May/Jun     1612.50     -75.00     Unquoted    –        –

Jul/Aug/Sep     1397.50     -60.00     Unquoted    –        –

RBD palm olein, FOB,     Malaysian ports

                 Offer      Change      Bid        Change   Traded

Mar              1830.00   -140.00      Unquoted   –        –

Apr/May/Jun      1615.00    -75.00      Unquoted   –        –

Jul/Aug/Sep      1400.00    -60.00     Unquoted   –        –

RBD palm stearin, FOB,  Malaysian ports

                 Offer      Change       Bid       Change   Traded

Mar              1740.00    +80.00       Unquoted  –        –

Palm Fatty Acid Distillate, FOB Malaysian ports

                 Offer       Change       Bid       Change   Traded

Mar              1610.00     +80.00       Unquoted  –        –

Crude palm oil, Delivered Basis, South Malaysia

                 Offer       Change        Bid        Change   Traded

Mar              6800.00     +700.00       Unquoted   –        –

Palm kernel oil, Delivered Basis, South Malaysia

                 Offer      Change         Bid        Change   Traded

Mar              617.00     +9.00         Unquoted   –        –

($1=MYR4.197)

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

Soybean No. 1

Turnover: 232,188 lots, or 14.05 billion yuan

            Open      High       Low     Close     Prev.    Settle       Ch.       Vol      Open

                                                  Settle                                Interest

Mar-22     6,040     6,100     5,980     6,023     6,200     6,020      -180     7,983     7,540

May-22     6,170     6,180     6,013     6,054     6,276     6,070      -206    57,855    29,696

Jul-22     6,187     6,187     6,000     6,035     6,267     6,062      -205   147,970   102,687

Sep-22     6,027     6,101     5,930     5,967     6,200     5,982      -218     5,532     6,169

Nov-22     5,932     5,981     5,871     5,914     6,054     5,913      -141    12,080    21,984

Jan-23     5,968     5,968     5,837     5,895     6,005     5,865      -140       768       926

Corn

Turnover: 949,217 lots, or 27.05 billion yuan

            Open      High       Low     Close     Prev.    Settle       Ch.       Vol        Open

                                                  Settle                                  Interest

Mar-22     2,732     2,735     2,711     2,724     2,727     2,730         3     4,910      34,034

May-22     2,820     2,867     2,813     2,856     2,840     2,843         3   717,071   1,286,532

Jul-22     2,847     2,889     2,837     2,879     2,859     2,866         7    63,126     200,035

Sep-22     2,865     2,902     2,849     2,892     2,869     2,879        10   137,047     212,224

Nov-22     2,852     2,873     2,826     2,858     2,848     2,854         6    19,362      53,192

Jan-23     2,801     2,848     2,800     2,839     2,823     2,832         9     7,701      18,857

Soymeal

Turnover: 2,819,862 lots, or 10.73 billion yuan

            Open      High       Low     Close     Prev.    Settle       Ch.         Vol        Open

                                                  Settle                                    Interest

Mar-22     4,220     4,350     4,145     4,330     4,456     4,220      -236       1,394       1,318

May-22     3,855     3,899     3,758     3,862     3,970     3,823      -147   2,149,034   1,232,452

Jul-22     3,825     3,880     3,738     3,840     3,922     3,805      -117     123,816     291,805

Aug-22     3,803     3,865     3,733     3,814     3,902     3,786      -116      43,104     198,914

Sep-22     3,753     3,819     3,680     3,747     3,834     3,737       -97     450,914     651,423

Nov-22     3,662     3,684     3,590     3,639     3,760     3,640      -120      17,540      83,116

Dec-22     3,604     3,621     3,538     3,592     3,690     3,588      -102       5,268      21,843

Jan-23     3,550     3,556     3,469     3,521     3,599     3,519       -80      28,792      60,862

Palm Oil

Turnover: 1,433,019 lots, or 15.87 billion yuan

            Open      High       Low     Close     Prev.    Settle       Ch.         Vol      Open

                                                  Settle                                  Interest

Mar-22    12,788    13,004    12,404    12,896    13,018    12,660      -358         571     2,349

Apr-22    11,940    12,210    11,608    12,160    12,212    11,888      -324      63,470    33,340

May-22    11,100    11,460    10,866    11,402    11,466    11,162      -304   1,198,617   447,733

Jun-22    10,800    11,026    10,500    10,984    11,084    10,802      -282      34,035    83,373

Jul-22    10,378    10,642    10,138    10,602    10,710    10,464      -246      26,355    50,753

Aug-22    10,060    10,308     9,902    10,278    10,358    10,154      -204      11,956    19,640

Sep-22     9,996    10,036     9,648     9,996    10,108     9,870      -238      96,973    59,445

Oct-22     9,606     9,900     9,424     9,802     9,770     9,644      -126          85       174

Nov-22     9,440     9,720     9,302     9,574     9,762     9,568      -194          47       530

Dec-22     9,374     9,556     9,240     9,556     9,584     9,386      -198          15        77

Jan-23     9,296     9,506     9,090     9,470     9,522     9,352      -170         889     1,489

Feb-23     9,104     9,382     9,104     9,382     9,426     9,256      -170           6        15

Soybean Oil

Turnover: 1,357,366 lots, or 13.99 billion yuan

            Open      High       Low     Close     Prev.    Settle       Ch.         Vol      Open

                                                  Settle                                  Interest

Mar-22    10,748    11,102    10,512    11,092    11,008    10,776      -232         670       408

May-22    10,200    10,624    10,110    10,590    10,564    10,346      -218   1,051,857   425,191

Jul-22    10,130    10,478    10,020    10,426    10,464    10,236      -228      73,352   133,500

Aug-22    10,082    10,410     9,966    10,378    10,424    10,194      -230      15,708    62,387

Sep-22    10,006    10,346     9,928    10,304    10,356    10,142      -214     164,535   117,701

Nov-22     9,940    10,272     9,836    10,234    10,258    10,090      -168      37,390    20,140

Dec-22     9,900    10,230     9,786    10,194    10,204    10,034      -170      12,692     5,487

Jan-23    10,034    10,176     9,766    10,144    10,148     9,986      -162       1,162     1,689

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