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
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Grains Report 03/21/2022
WHEAT
General Comments: Wheat markets were lower last week as the peace talks and the war between Ukraine and Russia have made some progress but look to drag on for a long time. Trend are sideways on the daily charts. Ukraine said that Russia was making more realistic demands and Russia said some parts of an agreement were already agreed to by both sides. 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. The US is revoking Most Favored Nation trading status for Russia. 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.
Overnight News: The southern Great Plains should get mostly dry conditions. Temperatures should average above normal. Northern areas should see mostly dry conditions. Temperatures will average 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 1032, 985, and 961 May, with resistance at 1108, 1161, and 1164 May. Trends in Kansas City are mixed. Support is at 1035, 1006, and 981 May, with resistance at 1105, 1164, and 1200 May. Trends in Minneapolis are mixed. Support is at 1027, 1018, and 998 May, and resistance is at 1113, 1120, and 1138 May.
COT — Supplemental Report – Option and Futures Combined Positions as of March 15, 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 513,596
: Positions :
: 44,108 81,581 165,660 58,913 180,426 211,001 45,552 479,681 473,219: 33,915 40,377
: Changes from: March 8, 2022 (Change in open interest: -5,262) :
: -12,315 -2,202 3,137 -766 -2,008 4,384 -2,469 -5,559 -3,541: 297 -1,721
: Percent of Open Interest Represented by Each Category of Trader :
: 8.6 15.9 32.3 11.5 35.1 41.1 8.9 93.4 92.1: 6.6 7.9
: Total Traders: 344 Number of Traders in Each Category :
: 90 72 110 84 120 51 21 283 271:
——————————————————————————————————————-
COT — Supplemental Report – Option and Futures Combined Positions as of March 15, 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 209,692
: Positions :
: 30,946 15,388 41,919 36,788 117,990 77,857 12,543 187,510 187,841: 22,182 21,852
: Changes from: March 8, 2022 (Change in open interest: -4,688) :
: -13,581 -3,853 1,121 125 -2,989 7,513 1,697 -4,822 -4,023: 134 -665
: Percent of Open Interest Represented by Each Category of Trader :
: 14.8 7.3 20.0 17.5 56.3 37.1 6.0 89.4 89.6: 10.6 10.4
: Total Traders: 220 Number of Traders in Each Category :
: 52 31 51 57 83 37 16 169 162:
——————————————————————————————————————-
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of March 15, 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 67,915 :
: Positions :
: 24,472 51,815 1,833 1,052 543 14,992 605 524 8,299 724 2,196 :
: Changes from: March 8, 2022 :
: -4,803 -2,324 40 186 224 1,464 -9 -279 1,293 -222 17 :
: Percent of Open Interest Represented by Each Category of Trader :
: 36.0 76.3 2.7 1.5 0.8 22.1 0.9 0.8 12.2 1.1 3.2 :
: Number of Traders in Each Category Total Traders: 101 :
: 48 43 4 . 5 20 . . 10 . 6 :
—————————————————————————————————————-
RICE:
General Comments: Rice was lower last week and trends are turning down on the daily charts. 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. Export demand was just average to below average again last week, but has been stronger overall, especially for Rough Rice. Export sales were improved from a week ago.
Overnight News: The Delta should get scattered showers. Temperatures should be near to above normal.
Chart Analysis: Trends are mixed to down with objectives of 1528 and 1446 May. Support is at 1548, 1543, and 1520 May and resistance is at 1589, 1628, and 1639 May.
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of March 15, 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 10,395 :
: Positions :
: 5,222 7,711 170 0 0 1,605 467 0 308 1,058 471 :
: Changes from: March 8, 2022 :
: 81 -89 -61 0 0 49 0 -2 2 161 73 :
: Percent of Open Interest Represented by Each Category of Trader :
: 50.2 74.2 1.6 0.0 0.0 15.4 4.5 0.0 3.0 10.2 4.5 :
: Number of Traders in Each Category Total Traders: 47 :
: 15 17 . 0 0 11 . 0 4 5 5 :
—————————————————————————————————————-
CORN AND OATS:
General Comments: Corn closed lower last week in sideways trading as Russia remains bogged down in its war with Ukraine. Both sides in the conflict have said that peace talks could resume this week and that some progress and been made in talks already concluded. 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. However, not all of the Winter crop has been planted and the bet weather window for Corn planting is passing by. China has a Covid outbreak again and has closed some cities and some ports in response. The moves are harsh but China has a no tolerance policy about the pandemic. The closings of cities and ports will hurt the economy as people cant make or spend money and hurt imports as there will be fewer places to unload cargoes. Shanghai has said it will remain open in contrast to much of the country and asked its office workers to work in a hybrid format much like was done in the US.
Overnight News:
Chart Analysis: Trends in Corn are mixed. Support is at 727, 716, and 601 May, and resistance is at 759, 767, and 784 May. Trends in Oats are up with objectives of 708 May. Support is at 664, 645, and 626 May, and resistance is at 691, 702, and 708 May.
COT — Supplemental Report – Option and Futures Combined Positions as of March 15, 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 2,083,011
: Positions :
: 339,732 43,688 464,550 511,526 1,247,326 569,378 102,346 1,885,186 1,857,910: 197,825 225,101
: Changes from: March 8, 2022 (Change in open interest: 28,416) :
: -32,714 -4,660 21,529 2,654 4,579 27,703 3,204 19,171 24,652: 9,245 3,764
: Percent of Open Interest Represented by Each Category of Trader :
: 16.3 2.1 22.3 24.6 59.9 27.3 4.9 90.5 89.2: 9.5 10.8
: Total Traders: 870 Number of Traders in Each Category :
: 216 81 180 362 456 56 27 693 695:
——————————————————————————————————————-
SOYBEANS
General Comments: Soybeans and both products were lower last week despite another week of strong export sales. Ideas are that the Chinese economy could slow down due to the Covid lockdowns there and cause the country to purchase less Soybeans in the world market. Shanghai has said it will remain open but asked office workers to work from home in a hybrid format. The Ukraine-Russia 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. Russia is also a major exporter of Crude Oil. 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. Russia and Ukraine announced that peace talks could continue. Both sides said that some progress has been made in resolving the conflict. 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. Argentina has suspended export registrations for Soybeans and products as it works to raise taxes on the Soy complex exports. China has a Covid outbreak again and has closed some cities and some ports in response. The moves are harsh but China has a no tolerance policy about the pandemic. The closings of cities and ports will hurt the economy as people can’t make or spend money and hurt imports as there will be fewer places to unload cargoes.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed to down with objectives of 1567, 1538, and 1467 May. Support is at 1638, 1634, and 1597 May, and resistance is at 1698, 1706, and 1734 May. Trends in Soybean Meal are mixed to up with objectives of 496.00 and 504.00 May. Support is at 472.00, 468.00, and 455.00 May, and resistance is at 493.00 496.00, and 502.00 May. Trends in Soybean Oil are mixed. Support is at 7000, 6820, and 6790 May, with resistance at 7520, 7680, and 7730 May.
DJ Brazil Soybean Harvest Passes Two-Thirds Finished, Slowed by Rains — Market Talk
0835 ET – Brazilian farmers practically finished their soybean harvesting in states including Mato Grosso, Goias and Sao Paulo, while heavy rains slowed progress in the state of Parana, according to agricultural consultancy AgRural. As of March 17, farmers had finished harvesting work on 69% of the estimated area planted with the oilseeds, up from 64% a week earlier and compared with 59% on the same date a year earlier, AgRural said. There are some concerns about excess humidity in the crop in Parana, though so far no reports of a negative impact on quality, the group said. Harvesting is still in early stages in the states of Maranhao, Tocantins, Piauí, Bahia and Rio Grande do Sul, which is normal for those states at this time of year, according to the consultancy. The quality of the soybeans being harvested in Rio Grande do Sul is reported to be very low because of the drought that hit crop development last year, AgRural said. (jeffrey.lewis@wsj.com)
COT — Supplemental Report – Option and Futures Combined Positions as of March 15, 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 999,098
: Positions :
: 152,948 46,904 260,028 263,679 551,971 261,068 53,043 937,723 911,945: 61,375 87,152
: Changes from: March 8, 2022 (Change in open interest: -3,956) :
: -20,915 2,262 -4,324 -361 -6,165 18,995 5,344 -6,604 -2,883: 2,648 -1,073
: Percent of Open Interest Represented by Each Category of Trader :
: 15.3 4.7 26.0 26.4 55.2 26.1 5.3 93.9 91.3: 6.1 8.7
: Total Traders: 646 Number of Traders in Each Category :
: 186 95 162 217 279 54 22 512 510:
——————————————————————————————————————-
COT — Supplemental Report – Option and Futures Combined Positions as of March 15, 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 414,017
: Positions :
: 74,446 15,186 65,807 102,769 295,528 134,650 15,777 377,672 392,297: 36,346 21,720
: Changes from: March 8, 2022 (Change in open interest: -4,214) :
: 1,317 -443 -5,148 2,878 2,585 -1,880 -1,783 -2,832 -4,789: -1,382 575
: Percent of Open Interest Represented by Each Category of Trader :
: 18.0 3.7 15.9 24.8 71.4 32.5 3.8 91.2 94.8: 8.8 5.2
: Total Traders: 262 Number of Traders in Each Category :
: 84 30 57 82 84 39 15 226 167:
——————————————————————————————————————-
COT — Supplemental Report – Option and Futures Combined Positions as of March 15, 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 447,497
: Positions :
: 83,160 9,823 71,231 96,061 332,682 141,614 11,298 392,066 425,034: 55,431 22,463
: Changes from: March 8, 2022 (Change in open interest: 8,171) :
: 3,989 -2,017 6,747 -5,107 1,582 231 40 5,860 6,352: 2,311 1,819
: Percent of Open Interest Represented by Each Category of Trader :
: 18.6 2.2 15.9 21.5 74.3 31.6 2.5 87.6 95.0: 12.4 5.0
: Total Traders: 276 Number of Traders in Each Category :
: 90 27 59 89 101 41 13 238 183:
——————————————————————————————————————-
CANOLA AND PALM OIL
General Comments: Palm Oil was lower as Indonesia decided not to force exporters to divert 30% oof the export demand into the domestic market and opted to increase export taxes instead. Futures moved higher today on strength in US Soybean Oil futures and higher export duties noted in Indonesia. Demand in Malaysia could improve soon as Indonesia is expected to keep most Palm Oil at home. However, production from Malaysia is expected to increase as well as the Covid lockdowns finally go away and as the weather is good for production. 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. Traders are mostly worried about demand from India who has been buying Soybean Oil in the US instead of Palm Oil from Malaysia and Indonesia and is also worried about China and its demand for Palm Oil for bio fuels. Canola was a little lower along with Chicago Soybean Oil and Palm Oil and on despite ideas of reduced Sunflower export potential from Russia and Ukraine due to the war The market is worried about South American production as well. Canada produced a very short crop of Canola last year so supplies are tight.
Overnight News:
Chart Analysis: Trends in Canola are mixed. Support is at 1100.00, 1085.00, and 1055.00 May, with resistance at 1139.00, 1144.00, and 1152.00 May. Trends in Palm Oil are mixed. Support is at 5600, 5550, and 5410 June, with resistance at 5880, 6100, and 6190 June.
DJ Malaysia March 1-20 Palm Oil Exports Fell 11.4%, SGS Says
Malaysia’s palm oil exports during the March 1-20 period are estimated to have fallen 11.4% from the previous month to 723,997 metric tons, cargo surveyor SGS (Malaysia) said Monday.
The following are the major items in the SGS estimate:
(All figures in metric tons)
March 1-20 February 1-20
RBD Palm Olein 300,557 230,288
RBD Palm Oil 49,995 64,740
RBD Palm Stearin 70,686 69,490
Crude Palm Oil 122,738 169,762
Total* 723,997 817,088
*Palm oil product volumes don’t add up to total as some products aren’t included
SGS Malaysia is a division of the Switzerland-based Societe Generale de Surveillance Group.
DJ Malaysia March 1-20 Palm-Oil Exports Fell 9.0%, AmSpec Says
Malaysia’s palm-oil exports during the March 1-20 period are estimated to have fallen 9% on month to 744,841 metric tons, cargo surveyor AmSpec Agri Malaysia said Monday.
The following are the major items in the AmSpec estimate:
(All figures in metric tons)
March 1-20 February 1-20
RBD Palm Olein 354,147 253,023
RBD Palm Oil 70,025 74,600
RBD Palm Stearin 69,860 73,620
Crude Palm Oil 119,974 177,360
Total* 744,841 818,293
*Palm-oil product volumes don’t add up to total as some products aren’t included.
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of March 15, 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 47,983 :
: Positions :
: 31,912 34,451 2,428 2,538 5,194 40 0 0 5,249 2,640 3,160 :
: Changes from: March 8, 2022 :
: 445 -525 40 1,260 600 0 0 0 690 440 120 :
: Percent of Open Interest Represented by Each Category of Trader :
: 66.5 71.8 5.1 5.3 10.8 0.1 0.0 0.0 10.9 5.5 6.6 :
: Number of Traders in Each Category Total Traders: 20 :
: 5 7 . . 4 . 0 0 . 4 . :
—————————————————————————————————————-
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of March 15, 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 158,665 :
: Positions :
: 84,635 131,679 1,879 3,110 1,954 47,495 1,820 7,065 4,055 2,534 8,941 :
: Changes from: March 8, 2022 :
: -4,038 -4,475 -154 -73 127 -751 -192 509 -282 -687 671 :
: Percent of Open Interest Represented by Each Category of Trader :
: 53.3 83.0 1.2 2.0 1.2 29.9 1.1 4.5 2.6 1.6 5.6 :
: Number of Traders in Each Category Total Traders: 242 :
: 41 46 4 6 4 57 12 14 53 46 43 :
—————————————————————————————————————-
Midwest Weather Forecast: Showers and rain. Temperatures should average above normal.
US Gulf Cash Basis
Corn
HRW
SRW
Soybeans
Soybean Meal
Soybean Oil
March
200 Mar
250 May
155 May
195 May
April
195 May
250 May
155 May
195 May
May
175 May
250 May
150 May
195 May
DJ ICE Canada Cash Grain Close – Mar 18
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 1125.20 -5.00 May 2022 up 16.30
Basis: Thunder Bay 1174.80 50.00 May 2022 dn 5.40
Basis: Vancouver 1184.80 60.00 May 2022 dn 5.40
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 – March 21
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
Apr 1687.50 +20.00 Unquoted – –
May 1557.50 -20.00 Unquoted – –
Jun 1527.50 +20.00 Unquoted – –
Jul/Aug/Sep 1412.50 +22.50 Unquoted – –
Oct/Nov/Dec 1382.50 +15.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Apr 1690.00 +20.00 Unquoted – –
May 1560.00 -20.00 Unquoted – –
Jun 1530.00 +20.00 Unquoted – –
Jul/Aug/Sep 1415.00 +22.50 Unquoted – –
Oct/Nov/Dec 1385.00 +15.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Apr 1650.00 +20.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Apr 1550.00 +20.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Apr 6500.00 +100.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Apr 563.00 +03.00 Unquoted – –
($1=MYR4.203)
DJ China Dalian Grain Futures Closing Prices, Volume – Mar 21
Soybean No. 1
Turnover: 108,210 lots, or 6.73 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-22 6,200 6,289 6,182 6,255 6,265 6,236 -29 12,549 19,716
Jul-22 6,232 6,298 6,180 6,255 6,271 6,238 -33 86,205 119,352
Sep-22 6,110 6,194 6,086 6,154 6,144 6,137 -7 1,586 5,025
Nov-22 5,951 6,005 5,891 5,964 5,958 5,943 -15 7,551 21,020
Jan-23 5,915 5,960 5,856 5,928 5,918 5,901 -17 297 1,231
Mar-23 5,870 5,872 5,848 5,872 5,895 5,857 -38 22 90
Corn
Turnover: 574,998 lots, or 16.69 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-22 2,887 2,894 2,869 2,885 2,876 2,879 3 347,285 952,266
Jul-22 2,926 2,931 2,910 2,924 2,918 2,920 2 44,363 249,089
Sep-22 2,960 2,961 2,939 2,952 2,943 2,949 6 146,034 515,135
Nov-22 2,910 2,919 2,893 2,914 2,899 2,909 10 15,720 58,624
Jan-23 2,876 2,894 2,867 2,891 2,866 2,882 16 7,339 38,244
Mar-23 2,876 2,908 2,874 2,907 2,878 2,891 13 14,257 8,149
Soymeal
Turnover: 2,049,208 lots, or 86.06 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-22 4,243 4,304 4,215 4,277 4,224 4,264 40 1,306,115 1,303,842
Jul-22 4,212 4,271 4,184 4,253 4,189 4,233 44 108,450 288,452
Aug-22 4,161 4,222 4,135 4,209 4,137 4,180 43 36,892 177,353
Sep-22 4,058 4,120 4,026 4,110 4,027 4,081 54 530,097 930,467
Nov-22 3,898 3,962 3,875 3,962 3,877 3,928 51 23,698 91,216
Dec-22 3,814 3,897 3,792 3,897 3,796 3,841 45 7,425 28,252
Jan-23 3,727 3,810 3,708 3,800 3,706 3,757 51 35,908 81,620
Mar-23 3,613 3,662 3,583 3,662 3,588 3,644 56 623 744
Palm Oil
Turnover: 1,013,472 lots, or 10.71 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Apr-22 11,976 12,100 11,562 11,902 12,234 11,784 -450 778 3,893
May-22 10,730 11,110 10,532 10,900 11,152 10,798 -354 731,937 312,272
Jun-22 10,422 10,756 10,246 10,614 10,784 10,510 -274 28,422 74,974
Jul-22 10,280 10,468 9,990 10,354 10,482 10,246 -236 15,721 53,931
Aug-22 9,906 10,248 9,806 10,168 10,238 10,102 -136 5,677 36,133
Sep-22 9,712 10,066 9,636 9,988 10,038 9,888 -150 222,840 142,843
Oct-22 9,604 9,880 9,458 9,822 9,860 9,740 -120 5,853 7,822
Nov-22 9,482 9,738 9,452 9,738 9,794 9,514 -280 36 327
Dec-22 – – – 9,696 9,704 9,696 -8 0 164
Jan-23 9,400 9,658 9,288 9,564 9,646 9,462 -184 2,202 3,729
Feb-23 9,452 9,528 9,450 9,528 9,614 9,486 -128 6 687
Mar-23 – – – 9,486 9,486 9,486 0 0 5
Soybean Oil
Turnover: 580,023 lots, or 59.24 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-22 10,204 10,426 10,150 10,290 10,460 10,298 -162 302,452 294,458
Jul-22 10,150 10,386 10,102 10,264 10,398 10,280 -118 34,283 129,423
Aug-22 10,060 10,308 10,020 10,204 10,306 10,222 -84 14,871 73,241
Sep-22 9,990 10,220 9,912 10,130 10,182 10,104 -78 204,972 226,514
Nov-22 9,900 10,098 9,782 9,988 10,046 9,976 -70 16,697 20,584
Dec-22 9,854 10,008 9,752 9,934 9,960 9,930 -30 5,233 7,062
Jan-23 9,740 9,952 9,680 9,856 9,876 9,826 -50 1,469 2,917
Mar-23 9,758 9,868 9,558 9,738 9,758 9,698 -60 46 68
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