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 – Mar 14

Source: CME Group

               Contract                        Quantity   Next Trade

Commodity      Month      Delivery Day   Assigned Today   Date Available

ROUGH RICE     March      Mar 15, 2022               59   Mar 11, 2022

CORN           March      Mar 15, 2022               17   Mar 08, 2022

KC HRW WHEAT   March      Mar 15, 2022                3   Mar 11, 2022

SOYBEAN        March      Mar 15, 2022               81   Mar 03, 2022

WHEAT          March      Mar 15, 2022                5   Mar 11, 2022

WHEAT

General Comments:   Wheat markets were higher on Friday but lower for the week with Chicago May the leader to the down side.  Futures have been correcting after the strong rally based on the war in Ukraine, but the correction should be about over now as all chart gaps left by the start of the war and the panic buying that ensued in the Wheat pit have been filled.  Ports are closed in Ukraine and Russian shippers and exporters are not offering in part due to sanctions but mostly due to the war and the chance to lose ships.  Plus, Russian internal markets are frozen and it will take some time to get going again.  Mr Biden said that the US will embargo Crude Oil or agricultural products trade from the world market but the lack of Russian offers makes an embargo a moot point right now.  Higher prices seem likely down the road.  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 has been damaged.  USDA showed less exports from Black Sea ports this week but did not increase demand for US Wheat.  

Overnight News:  The southern Great Plains should get mostly dry conditions.  Temperatures should average above normal.  Northern areas should see isolated showers in northern areas. Temperatures will average near to above 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 1043, 985, and 9861 May, with resistance at 1134, 1164, and 1202 May.  Trends in Kansas City are mixed to down with no objectives.  Support is at 1035, 1006, and 981 May, with resistance at 1132, 1150, and 1200 May.  Trends in Minneapolis are mixed to down with objectives of 989 May.  Support is at 1031, 1018, and 998 May, and resistance is at 1102, 1120, and 1138 May.

COT — Supplemental Report – Option and Futures Combined Positions as of March 08, 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   518,859

    : Positions                                                                               :

    :   56,422    83,783   162,523    59,678   182,434   206,616    48,020   485,240   476,760:   33,619    42,099

    : Changes from: March 1, 2022              (Change in open interest:      10,572)         :

    :      -72    -4,010     5,189    -8,185     3,333    14,653     5,881    11,584    10,393:   -1,012       179

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

    :     10.9      16.1      31.3      11.5      35.2      39.8       9.3      93.5      91.9:      6.5       8.1

    : Total Traders:   360          Number of Traders in Each Category                        :

    :       89        91       119        82       119        48        21       291       284:

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

COT — Supplemental Report – Option and Futures Combined Positions as of March 08, 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   214,381

    : Positions                                                                               :

    :   44,527    19,241    40,798    36,663   120,979    70,344    10,847   192,332   191,864:   22,049    22,516

    : Changes from: March 1, 2022              (Change in open interest:     -19,793)         :

    :     -274    -4,399   -15,724    -1,753     2,535       848      -981   -16,903   -18,568:   -2,890    -1,225

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

    :     20.8       9.0      19.0      17.1      56.4      32.8       5.1      89.7      89.5:     10.3      10.5

    : Total Traders:   216          Number of Traders in Each Category                        :

    :       56        32        53        53        80        35        14       165       161:

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

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of March 8, 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    69,700                :

: Positions                                                                                                    :

:   29,275    54,139     1,793       866       319    13,528       614       803     7,006       946     2,179 :

: Changes from:     March 1, 2022                                                                              :

:   -1,679     2,554      -293       419       -92       409    -1,903      -981     1,495       396       105 :

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

:     42.0      77.7       2.6       1.2       0.5      19.4       0.9       1.2      10.1       1.4       3.1 :

: Number of Traders in Each Category                                  Total Traders:    97                     :

:       49        42         4         .         4        16         .         .        11         4         8 :

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

RICE:                                              

General Comments:  Rice was lower yesterday and last week as futures moved down to test support on the weekly charts.  That support has held so far.  The Russian invasion of Ukraine as the situation seems to get worse by the day and looks like it will take some time to resolve.  The cash market is showing that domestic mill business is around everywhere in good volumes.  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.  USDA made no changes to its long grains supply and demand estimates this week but did lower export demand for milled medium and short grain Rice and increased ending stocks for those classes and for all Rice.  It also increased world production estimates due to increased production in India and Thailand.

Overnight News:  The Delta should get mostly dry conditions. Temperatures should be near to above normal.

Chart Analysis:  Trends are mixed to down with objectives of 1528 and 1446 May.  Support is at 1565, 1548 and 1543 May and resistance is at 1600, 1606, and 1624 May.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of March 8, 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    10,203                :

: Positions                                                                                                    :

:    5,142     7,800       231         0         0     1,556       467         2       306       897       399 :

: Changes from:     March 1, 2022                                                                              :

:      462       510       -22         0         0        -1         0         2      -138       146       -18 :

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

:     50.4      76.4       2.3       0.0       0.0      15.3       4.6       0.0       3.0       8.8       3.9 :

: Number of Traders in Each Category                                  Total Traders:    49                     :

:       15        17         .         0         0        12         .         .         4         6         6 :

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

CORN AND OATS:

General Comments:  Corn closed higher last week in sideways trading as Russia remains bogged down in its war with Ukraine and as South America dropped its production estimates again.  The potential loss of Ukraine exports of Corn makes the world situation tighter and could be enough to keep Corn prices trending higher for now.  Ukraine might not plant much if any Corn this Summer, too.  Russia is also a Corn exporter and no product is moving from either country at this time  Crop losses in South America are noted.  The summer Corn crop in South America has been hurt by drought, but some rains are reported now.  Corn has been slow to react because the bigger crop is the Winter crop in Brazil and that is expected to be large.

Overnight News:   Mexico bought 159,000 tons of US Corn.

Chart Analysis:  Trends in Corn are mixed.  Support is at 729, 716, and 691 May, and resistance is at 784, 792, and 804 May.  Trends in Oats are mixed.  Support is at 649, 626, and 617 May, and resistance is at 683, 697, and 702 May.

COT — Supplemental Report – Option and Futures Combined Positions as of March 08, 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 2,054,595

    : Positions                                                                               :

    :  372,446    48,348   443,022   508,872 1,242,747   541,675    99,141 1,866,015 1,833,258:  188,580   221,336

    : Changes from: March 1, 2022              (Change in open interest:      76,867)         :

    :   18,446   -11,890     7,945    51,184    69,804     8,371     9,846    85,946    75,706:   -9,080     1,161

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

    :     18.1       2.4      21.6      24.8      60.5      26.4       4.8      90.8      89.2:      9.2      10.8

    : Total Traders:   865          Number of Traders in Each Category                        :

    :      209        89       169       363       455        53        24       686       683:

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

SOYBEANS

General Comments:  Soybeans and Soybean Meal were lower on Friday while Soybean Oil closed  higher as Crude Oil rallied again.  CONAB cut its production estimate to 122 million tons for Brazil on Wednesday and the production cut supported Soybeans and product futures.  Many had expected production near 150 million tons at the beginning of the year so the downgrade is dramatic.  The war has supported Soybeans and world vegetable oils as Russia and Ukraine both export Sunflower Oil.  The two countries account for about 80% of all world Sun oil exports.  The US is now curbing Russian exports as part of the sanctions but nothing is moving from either country as the companies effectively embargo themselves from doing business in either country.  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:  

Chart Analysis:  Trends in Soybeans are mixed.  Support is at 1650, 1634, and 1597 May, and resistance is at 1706, 1734, and 1759 May.  Trends in Soybean Meal are mixed to up with objectives of 496.00 and 504.00 May.   Support is at 469.00, 455.00, and 443.00 May, and resistance is at 485.00 490.00, and 493.00 May.  Trends in Soybean Oil are mixed.  Support is at 7300, 7200, and 7000 May, with resistance at 7730, 7860, and 7940 May.

COT — Supplemental Report – Option and Futures Combined Positions as of March 08, 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 1,003,054

    : Positions                                                                               :

    :  173,863    44,641   264,351   264,040   558,136   242,073    47,699   944,327   914,828:   58,727    88,226

    : Changes from: March 1, 2022              (Change in open interest:      -4,261)         :

    :  -10,727        51     3,563     6,114     2,633      -475    -5,389    -1,524       859:   -2,737    -5,120

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

    :     17.3       4.5      26.4      26.3      55.6      24.1       4.8      94.1      91.2:      5.9       8.8

    : Total Traders:   629          Number of Traders in Each Category                        :

    :      186        87       162       212       279        48        22       494       505:

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

COT — Supplemental Report – Option and Futures Combined Positions as of March 08, 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   418,231

    : Positions                                                                               :

    :   73,129    15,629    70,954    99,891   292,943   136,529    17,560   380,504   397,087:   37,727    21,145

    : Changes from: March 1, 2022              (Change in open interest:     -21,535)         :

    :    2,285    -8,629   -16,645    -2,269     4,153    -4,619     1,550   -21,248   -19,571:     -287    -1,964

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

    :     17.5       3.7      17.0      23.9      70.0      32.6       4.2      91.0      94.9:      9.0       5.1

    : Total Traders:   268          Number of Traders in Each Category                        :

    :       87        28        58        82        85        41        19       230       174:

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

COT — Supplemental Report – Option and Futures Combined Positions as of March 08, 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   439,326

    : Positions                                                                               :

    :   79,171    11,841    64,484   101,168   331,100   141,383    11,257   386,206   418,682:   53,121    20,644

    : Changes from: March 1, 2022              (Change in open interest:     -12,939)         :

    :      599    -3,183   -14,671    -1,082     7,856     1,845       377   -13,310    -9,621:      371    -3,317

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

    :     18.0       2.7      14.7      23.0      75.4      32.2       2.6      87.9      95.3:     12.1       4.7

    : Total Traders:   284          Number of Traders in Each Category                        :

    :       91        27        56        94       102        39        12       242       181:

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

CANOLA AND PALM OIL

General Comments Palm Oil was sharply lower on Friday on reports of better than expected March production in Malaysia and higher than expected ending stocks for February.  Futures had been dramatically higher earlier in the week and closed higher for the week.  Futurtes worked lower today on ideas of increasing production.  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 higher along with Chicago Soybean Oil 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 up with objectives of 1144.00 and 1244.00 May.  Support is at 1100.00, 1085.00, and 1055.00 May, with resistance at 1152.00, 1164.00, and 1176.00 May.  Trends in Palm Oil are mixed to up with objectives of 7620 May.  Support is at 6660, 6370, and 6170 May, with resistance at 7270, 7400, and 7520 May.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of March 8, 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    46,088                :

: Positions                                                                                                    :

:   31,467    34,976     2,388     1,278     4,594        40         0         0     4,559     2,200     3,040 :

: Changes from:     March 1, 2022                                                                              :

:    1,967       727      -674      -334     1,374       -40         0         0      -420       440     1,160 :

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

:     68.3      75.9       5.2       2.8      10.0       0.1       0.0       0.0       9.9       4.8       6.6 :

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

:        6         7         .         .         4         .         0         0         .         4         . :

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

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of March 8, 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   162,707                :

: Positions                                                                                                    :

:   88,672   136,154     2,034     3,183     1,827    48,246     2,012     6,557     4,337     3,221     8,271 :

: Changes from:     March 1, 2022                                                                              :

:    1,758     3,531         7      -171       358    -4,256    -4,060        38      -197    -1,929     1,178 :

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

:     54.5      83.7       1.2       2.0       1.1      29.7       1.2       4.0       2.7       2.0       5.1 :

: Number of Traders in Each Category                                  Total Traders:   225                     :

:       39        39         4         6         4        59         8        12        53        38        42 :

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

Midwest Weather Forecast:   Mostly dry.  Temperatures should average above normal.

US Gulf Cash Basis

 

 

 

 

 

 

 

 

Corn

HRW

SRW

Soybeans

Soybean Meal

Soybean Oil

March

140 Mar

No Quote

150 Mar

No Quote

April

125 May

240 Myay

145 May

130 May

May

120 May

240 May

145 May

No Quote

 

 

DJ ICE Canada Cash Grain Close – Mar 11

WINNIPEG — The following are the closing cash

canola prices from ICE Futures.

Source: ICE Futures

                      Price     Basis     Contract     Change

CANOLA

*Par Region         1,125.70    -5.00     May 2022     up  5.50

Basis: Thunder Bay  1,181.20    50.00     May 2022     up  0.50

Basis: Vancouver    1,191.20    60.00     May 2022     up  0.50

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 – March 14

  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           1797.50     -115.00      Unquoted    –        –

Apr/May/Jun   1627.50     -130.00      Unquoted    –        –

Jul/Aug/Sep   1392.50      -55.00      Unquoted    –        –

Oct/Nov/Dec   1337.50      -55.00      Unquoted    –        –

RBD palm olein, FOB, Malaysian ports

               Offer       Change      Bid         Change   Traded

Mar           1800.00     -115.00      Unquoted    –        –

Apr/May/Jun   1630.00     -130.00      Unquoted    –        –

Jul/Aug/Sep   1395.00      -55.00      Unquoted    –        –

Oct/Nov/Dec   1340.50      -55.00      Unquoted    –        –

RBD palm stearin, FOB, Malaysian ports

               Offer       Change      Bid        Change   Traded

Mar           1730.00     -115.00      Unquoted    –        –

Palm Fatty Acid Distillate, FOB Malaysian ports

               Offer       Change      Bid        Change   Traded

Mar           1660.00      -55.00      Unquoted    –        –

Crude palm oil, Delivered Basis, South Malaysia

               Offer       Change      Bid        Change   Traded

Mar          7,200.00     -550.00      Unquoted    –        –

Palm kernel oil, Delivered Basis, South Malaysia

               Offer       Change      Bid        Change   Traded

Mar            597.00      -08.00      Unquoted    –        –

($1=MYR4.2025)

DJ China Dalian Grain Futures Closing Prices, Volume – Mar 14

Soybean No. 1

Turnover: 109,126 lots, or 6.66 billion yuan

            Open      High       Low     Close     Prev.    Settle       Ch.       Vol      Open

                                                  Settle                                Interest

Mar-22         –         –         –     6,129     6,119     6,129        10         0         0

May-22     6,162     6,171     6,112     6,150     6,196     6,136       -60    12,402    19,454

Jul-22     6,165     6,176     6,105     6,140     6,196     6,128       -68    82,254   104,818

Sep-22     6,091     6,091     6,024     6,066     6,111     6,049       -62     1,257     4,418

Nov-22     5,923     5,927     5,856     5,870     5,954     5,882       -72    12,629    22,104

Jan-23     5,888     5,888     5,817     5,850     5,909     5,842       -67       584     1,222

Corn

Turnover: 635,862 lots, or 18.21 billion yuan

            Open      High       Low     Close     Prev.    Settle       Ch.       Vol        Open

                                                  Settle                                  Interest

Mar-22     2,790     2,790     2,790     2,790     2,757     2,752        -5       152           0

May-22     2,852     2,868     2,830     2,855     2,854     2,848        -6   431,605   1,011,380

Jul-22     2,885     2,905     2,866     2,894     2,893     2,883       -10    50,552     223,556

Sep-22     2,909     2,930     2,888     2,918     2,916     2,909        -7   133,457     391,367

Nov-22     2,883     2,891     2,855     2,884     2,878     2,874        -4    12,505      57,637

Jan-23     2,854     2,862     2,835     2,853     2,858     2,849        -9     7,591      32,696

Soymeal

Turnover: 2,377,999 lots, or 9.78 billion yuan

            Open      High       Low     Close     Prev.    Settle       Ch.         Vol        Open

                                                  Settle                                    Interest

Mar-22     5,078     5,082     4,900     4,900     4,750     4,534      -216          27           0

May-22     4,161     4,231     4,090     4,219     4,185     4,164       -21   1,618,979   1,205,135

Jul-22     4,133     4,209     4,070     4,200     4,166     4,143       -23     126,754     274,961

Aug-22     4,095     4,156     4,042     4,151     4,130     4,094       -36      37,411     169,639

Sep-22     4,000     4,058     3,947     4,047     4,029     4,003       -26     517,615     839,691

Nov-22     3,886     3,918     3,815     3,907     3,913     3,855       -58      19,827      86,731

Dec-22     3,810     3,980     3,737     3,830     3,828     3,779       -49       8,177      27,366

Jan-23     3,721     3,750     3,503     3,744     3,741     3,691       -50      49,209      69,790

Palm Oil

Turnover: 1,298,024 lots, or 14.87 billion yuan

            Open      High       Low     Close     Prev.    Settle       Ch.       Vol      Open

                                                  Settle                                Interest

Mar-22         –         –         –    13,728    14,048    13,728      -320         0         0

Apr-22    13,480    13,480    12,604    12,604    13,476    12,936      -540     1,250     5,517

May-22    12,236    12,260    11,450    11,450    12,444    11,828      -616   997,551   317,166

Jun-22    11,468    11,468    10,822    10,828    11,670    11,068      -602    33,469    70,356

Jul-22    10,978    10,978    10,374    10,374    11,216    10,608      -608    23,118    49,136

Aug-22    10,568    10,568    10,092    10,092    10,864    10,292      -572    17,459    30,408

Sep-22    10,326    10,326     9,858     9,866    10,594    10,046      -548   218,004   100,061

Oct-22    10,088    10,096     9,688     9,688    10,400     9,850      -550     5,255     6,297

Nov-22    10,062    10,062     9,596     9,660    10,292     9,756      -536        69       315

Dec-22     9,816     9,912     9,580     9,580    10,166     9,702      -464        27       154

Jan-23     9,880     9,880     9,398     9,470     9,960     9,588      -372     1,799     2,578

Feb-23     9,746     9,746     9,350     9,350     9,956     9,578      -378        23        86

Soybean Oil

Turnover: 940,429 lots, or 97.16 billion yuan

            Open      High       Low     Close     Prev.    Settle       Ch.       Vol      Open

                                                  Settle                                Interest

Mar-22         –         –         –    11,204    11,204    11,204         0         0         0

May-22    10,550    10,594    10,280    10,402    10,708    10,436      -272   629,361   307,783

Jul-22    10,428    10,452    10,154    10,260    10,526    10,304      -222    55,419   116,304

Aug-22    10,224    10,328    10,096    10,152    10,434    10,196      -238    14,298    68,220

Sep-22    10,172    10,232     9,950    10,028    10,314    10,082      -232   217,061   171,597

Nov-22     9,976    10,106     9,836     9,914    10,174     9,972      -202    16,207    19,257

Dec-22    10,002    10,060     9,780     9,866    10,094     9,914      -180     5,956     7,033

Jan-23     9,900    10,000     9,744     9,804    10,034     9,852      -182     2,127     2,963

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