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 USDA Report: Summary for U.S. Agriculture Supply, Demand
Following are key numbers from the USDA’s crop report and
how the government’s estimates compared to analysts’ forecasts in a
Wall Street Journal survey.
U.S. Stockpiles (million bushels)
2021-22 Friday’s
Estimate Average Range USDA Mar.
Corn 1,440.0 1,400 1,310-1,475 1,440
Soybeans 260.0 254 196- 305 285
Wheat 678.0 654 625- 686 653
***
World Stockpiles (million metric tons)
2021-22
Friday’s
Estimate Average Range USDA Mar.
Corn 305.5 300.7 296.5-304.0 301.0
Soybeans 89.6 88.4 86.7-90.2 90.0
Wheat 278.4 281.5 278.5-284.1 281.5
***
Brazil Corn, Soybean Production (million metric tons)
Friday’s
2021-22 Estimate Average Range USDA Mar.
Corn 116.0 115.2 112.0-118.6 114.0
Soybeans 125.0 125.0 122.1-127.5 127.0
Argentina Corn, Soybean Production (million metric tons)
Friday’s
2021-22 Estimate Average Range USDA Mar.
Corn 53.0 51.9 49.0-53.5 53.0
Soybeans 43.5 42.6 40.0-44.0 43.5

DJ USDA Supply/Demand: Crop Summary – Apr 8
U.S. ending stocks in million bushels, except soyoil in million pounds,
cotton in million (480 pound) bales and rice in million cwt. Exports and
Production in million metric tons except cotton in million (480 pound)
bales.
Projections based on trends and analysts’ judgments, not survey
date. Source: USDA’s World Agricultural Outlook Board.
======U.S.====== ================WORLD===================
Ending Stocks Exports Production
21/22 20/21 19/20 : 21/22 20/21 19/20 : 21/22 20/21 19/20
Soybeans 260.0 257.0 525.0 :155.29 164.48 165.17 : 350.72 367.76 339.97
Brazil na na na : 82.75 81.65 92.14 : 125.00 139.50 128.50
Argentina na na na : 2.75 5.20 10.00 : 43.50 46.20 48.80
China na na na : 0.10 0.07 0.09 : 16.40 19.60 18.09
Soyoil 1,976 2,131 1,853 : 12.44 12.56 12.36 : 58.97 59.16 58.52
Corn 1,440 1,235 1,919 :197.00 182.12 172.25 : 1,210 1,126 1,120
China na na na : 0.02 0.00 0.01 : 272.55 260.67 260.78
Argentina na na na : 39.00 40.94 36.25 : 53.00 52.00 51.00
S.Africa na na na : 3.20 3.50 2.55 : 16.30 16.95 15.84
Cotton 3.50 3.15 7.25 : 45.83 48.53 41.08 : 120.20 111.81 121.02
All Wheat 678 845 1,028 :200.10 202.64 193.87 : 778.83 776.26 762.37
China na na na : 0.90 0.76 1.05 : 136.95 134.25 133.60
European
Union na na na : 34.00 29.74 39.79 : 138.42 126.69 138.80
Canada na na na : 15.50 26.43 24.14 : 21.65 35.18 32.67
Argentina na na na : 14.50 11.53 12.79 : 21.00 17.64 19.75
Australia na na na : 27.50 23.85 9.14 : 36.30 33.30 14.48
Russia na na na : 33.00 39.10 34.49 : 75.16 85.35 73.61
Ukraine na na na : 19.00 16.85 21.02 : 33.00 25.42 29.17
Sorghum 28.0 20.0 30.0 : na na na : na na na
Barley 56.0 71.0 80.0 : na na na : na na na
Oats 27.0 38.0 37.0 : na na na : na na na
Rice 34.5 43.7 28.7 : 52.46 50.76 43.43 : 513.03 508.84 498.82

WHEAT
General Comments: Wheat markets were higher last week as the western US Great Plains remained too dry and crop conditions were very poor. Precipitation was reported in Texas last week but was very light. USDA cut demand and increased ending stocks estimates in its WASDE reports and this was a surprise for the trade that had looked for unchanged or reduced ending stocks estimates. The Russian army left a trail of atrocities in its retreat and the world is now looking to place more sanctions on Russia. US crop conditions are rated as the worst start in recent memory and ideas of reduced yield potential are around. Trends are sideways on the daily charts for Chicago Wheat and sideways to up for the Kansas City and Minneapolis market for Spring Wheat due to less than expected planted area projections from farmers and poor growing conditions for the crops in the ground. The weekly charts show that Winter Wheat futures are at an important point and can either work significantly higher or lower from here. Minneapolis Spring Wheat weekly chart trends are turning up again. 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 due to reports of mines in the Black Sea placed by the Russians. Ukraine can rail the exports to the EU for shipment but the amount that can be moved is very limited.
Overnight News: The southern Great Plains should get mostly dry conditions. Temperatures should average near to below normal. Northern areas should see isolated showers. Temperatures will average near to below normal. The Canadian Prairies should see isolated showers. Temperatures should average near normal.
Chart Analysis: Trends in Chicago are mixed. Support is at 1014, 983, and 9477 May, with resistance at 1075, 1102, and 1156 May. Trends in Kansas City are mixed to up with objectives of 1120 and 11762 May. Support is at 1065, 1045, and 1012 May, with resistance at 1152, 1164, and 1200 May. Trends in Minneapolis are mixed to up with objectives of 2333 and 1325 May. Support is at 1097, 1091, and 1047 May, and resistance is at 1139, 1203, and 1207 May.

COT — Supplemental Report – Option and Futures Combined Positions as of April 05, 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 480,453
: Positions :
: 44,234 81,916 154,366 50,626 171,627 195,532 32,082 444,758 439,991: 35,695 40,463
: Changes from: March 29, 2022 (Change in open interest: 8,848) :
: 200 -5,311 14,003 -1,984 440 -4,434 -1,674 7,785 7,458: 1,062 1,390
: Percent of Open Interest Represented by Each Category of Trader :
: 9.2 17.0 32.1 10.5 35.7 40.7 6.7 92.6 91.6: 7.4 8.4
: Total Traders: 336 Number of Traders in Each Category :
: 82 72 115 79 117 49 21 277 267:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of April 05, 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 208,282
: Positions :
: 29,820 15,629 45,446 36,271 115,114 75,099 11,281 186,636 187,471: 21,646 20,811
: Changes from: March 29, 2022 (Change in open interest: 3,955) :
: -1,746 -151 1,423 2,479 2,015 -20 -483 2,137 2,804: 1,819 1,151
: Percent of Open Interest Represented by Each Category of Trader :
: 14.3 7.5 21.8 17.4 55.3 36.1 5.4 89.6 90.0: 10.4 10.0
: Total Traders: 222 Number of Traders in Each Category :
: 51 35 57 59 84 34 16 172 169:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of April 5, 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 71,117 :
: Positions :
: 27,765 53,707 1,635 1,237 529 18,634 379 429 4,938 1,275 2,936 :
: Changes from: March 29, 2022 :
: 1,219 1,945 24 59 -79 3,909 -341 19 -2,736 247 136 :
: Percent of Open Interest Represented by Each Category of Trader :
: 39.0 75.5 2.3 1.7 0.7 26.2 0.5 0.6 6.9 1.8 4.1 :
: Number of Traders in Each Category Total Traders: 104 :
: 52 43 4 . 4 21 . 5 9 5 8 :
—————————————————————————————————————-

RICE:
General Comments: Rice was mixed on Friday and lower for the week on weaker export sales of only just over 8,000 tons. Nearby months were weaker than deferred months. USDA increased domestic demand for long grain Rice and cut long grain ending stocks estimates. Medium and short grain ending stocks levels were increased so overall Rice ending stocks were unchanged. Russia has pulled its troops back from Ukrainian cites to eastern areas it already controls and has left a string of atrocities in the wake of the withdrawal. Trends are still sideways on the daily charts. The cash market is showing that domestic mill business is around everywhere in lighter 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. Growing conditions are considered good for crops right now although it has been a little cold. Planting and emergence is happening now.
Overnight News: The Delta should get scattered showers. Temperatures should be near to above normal.
Chart Analysis: Trends are mixed. Support is at 1561, 1548, and 1547 May and resistance is at 1600, 1617, and 1628 May.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of April 5, 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 11,122 :
: Positions :
: 5,769 8,057 190 0 0 1,455 467 0 246 1,144 660 :
: Changes from: March 29, 2022 :
: -84 159 6 0 0 101 0 0 10 9 164 :
: Percent of Open Interest Represented by Each Category of Trader :
: 51.9 72.4 1.7 0.0 0.0 13.1 4.2 0.0 2.2 10.3 5.9 :
: Number of Traders in Each Category Total Traders: 51 :
: 19 17 . 0 0 11 . 0 4 7 6 :
—————————————————————————————————————-

CORN AND OATS:
General Comments: Corn closed higher last week and futures remain at the top end of the recent trading range as the market deals with less due to the war in Ukraine and the planting intentions of US farmers for the coming growing season. Conab estimated Brazilian Corn production at 115.6 million tons, from 112.3 million in March. USDA released its latest WASDE estimates and left the domestic supply and demand estimates unchanged. It raised world ending stocks estimates.. New crop months were higher on the much reduced planted area ideas from farmers but nearby months were firmer on the war and increased nearby demand from China and others. Russia has pulled back from Ukrainian cities and many atrocities left by the army are being reported.. 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, but prices remain in a sideways range. The ports remain closed and Ukraine can rail out to the EU in limited amounts. Russia is also a Corn exporter and no product is moving from either country at this time 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: China bought 1.02 million tons of US Corn.
Chart Analysis: Trends in Corn are mixed. Support is at 730, 727, and 716 May, and resistance is at 760, 762, and 774 May. Trends in Oats are up with objectives of 804 May. Support is at 760, 741, and 733 May, and resistance is at 774, 780, and 786 May.

COT — Supplemental Report – Option and Futures Combined Positions as of April 05, 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 2,170,866
: Positions :
: 316,217 50,240 513,476 535,092 1,247,135 592,681 98,945 1,957,466 1,909,796: 213,399 261,070
: Changes from: March 29, 2022 (Change in open interest: 108,835) :
: 3,353 -1,293 54,435 20,005 30,328 17,258 9,068 95,051 92,538: 13,784 16,297
: Percent of Open Interest Represented by Each Category of Trader :
: 14.6 2.3 23.7 24.6 57.4 27.3 4.6 90.2 88.0: 9.8 12.0
: Total Traders: 855 Number of Traders in Each Category :
: 212 91 191 371 444 54 23 708 688:
——————————————————————————————————————-

SOYBEANS
General Comments: Soybeans and the products were higher last week after CONAB in Brazil estimated Soybeans production at 122.4 million tons, from 122.8 million in March. USDA increased export demand by 25 million tons and cut US ending stocks estimates, but not as much as the trade had expected. There is increasing concern in the US about the cold and wet Midwest weather keeping farmers from the fields for planting. It should turn briefly warm early this week but then will turn colder again. Russia pulled its army back from Ukrainian cities and left a trail of atrocities in its wake. More sanctions are now threatened for Russia due to what the world is seeing in Ukraine right now. There are still worries about Chinese demand because of Covid lockdowns there. Supplies available to the export market from South America remain limited. Both Ukraine and Russia are major exporters of Sunoil and control about 80% of the market combined but no Sunoil is moving from either country these days. China has been a major buyer of US Soybeans this year after a very slow start due to the problems in South America. They are buying for this year and already have booked a large amount of new crop Soybeans to cover future needs. 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 world situation is still tightening as Brazil and Argentina harvested less Soybeans.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed to up with objectives of 1720, 1790, and 1861 May. Support is at 1646, 1615, and 1606 May, and resistance is at 1698, 1739, and 1768 May. Trends in Soybean Meal are mixed. Support is at 459.00, 448.00, and 442.00 May, and resistance is at 472.00 480.00, and 485.00 May. Trends in Soybean Oil are mixed to up with objectives of 7780, 7940, and 8220 May. Support is at 7320, 7130, and 7050 May, with resistance at 7420, 7520, and 7660 May.

COT — Supplemental Report – Option and Futures Combined Positions as of April 05, 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 979,037
: Positions :
: 134,811 41,199 247,079 273,751 548,367 259,713 49,655 915,354 886,300: 63,683 92,736
: Changes from: March 29, 2022 (Change in open interest: -3,270) :
: -5,755 -5,858 8,150 -5,649 -7,862 -1,634 1,210 -4,888 -4,359: 1,619 1,090
: Percent of Open Interest Represented by Each Category of Trader :
: 13.8 4.2 25.2 28.0 56.0 26.5 5.1 93.5 90.5: 6.5 9.5
: Total Traders: 626 Number of Traders in Each Category :
: 181 90 174 215 272 55 24 510 508:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of April 05, 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 410,957
: Positions :
: 67,019 17,580 73,951 100,769 282,403 132,318 15,409 374,058 389,344: 36,900 21,614
: Changes from: March 29, 2022 (Change in open interest: 10,736) :
: 1,260 -371 6,005 1,063 3,693 1,530 648 9,858 9,974: 879 762
: Percent of Open Interest Represented by Each Category of Trader :
: 16.3 4.3 18.0 24.5 68.7 32.2 3.7 91.0 94.7: 9.0 5.3
: Total Traders: 277 Number of Traders in Each Category :
: 93 33 72 82 85 39 15 239 185:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of April 05, 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 460,780
: Positions :
: 81,398 11,241 85,532 99,973 329,875 137,124 11,167 404,027 437,815: 56,753 22,965
: Changes from: March 29, 2022 (Change in open interest: 5,442) :
: 2,207 -2,758 5,345 589 2,019 -3,915 958 4,227 5,565: 1,215 -123
: Percent of Open Interest Represented by Each Category of Trader :
: 17.7 2.4 18.6 21.7 71.6 29.8 2.4 87.7 95.0: 12.3 5.0
: Total Traders: 275 Number of Traders in Each Category :
: 80 32 66 94 105 40 14 243 193:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Palm Oil was higher last week in sympathy with the rallies in Chicago Soybean Oil and slightly higher today. A new Covid outbreak is reported in China and cities and infrastructure has been shut down, including some airports and water ports. The economy could slow down and affect demand. 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 manages high internal prices. Canola was higher on the CONAB Brazil Soybeans estimate and in response to the dry conditions in Canada It is reported to be very dry and has been cold for planting. There are ideas of reduced Sunflower export potential from Russia and Ukraine. The market is worried about South American production as well. Canada produced a very short crop of Canola last year so supplies are tight. Futures prices are still in a trading range.
Overnight News:
Chart Analysis: Trends in Canola are mixed to up with objectives of 1185.00, 1194.00, and 1224.00 May. Support is at 1152.00, 1133.00, and 1115.00 May, with resistance at 1175.00, 1178.00, and 1183.00 May. Trends in Palm Oil are mixed. Support is at 5750, 5600, and 5480 June, with resistance at 6020, 6090, and 6170 June.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of April 5, 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 166,265 :
: Positions :
: 87,773 135,290 1,799 2,801 2,052 50,837 3,213 7,841 3,285 3,218 10,031 :
: Changes from: March 29, 2022 :
: -1,585 961 -49 141 131 4,999 -263 298 -1,555 568 -1,283 :
: Percent of Open Interest Represented by Each Category of Trader :
: 52.8 81.4 1.1 1.7 1.2 30.6 1.9 4.7 2.0 1.9 6.0 :
: Number of Traders in Each Category Total Traders: 270 :
: 43 56 4 5 4 60 11 18 55 63 42 :
—————————————————————————————————————-

DJ Malaysia April 1-10 Palm Oil Exports Fell 27% on Month to 271,201 Tons, AmSpec Says
Malaysia’s palm oil exports for April 1-10 are estimated to have fallen 27% from the previous month to 271,201 metric tons, cargo surveyor AmSpec Agri Malaysia said Monday.
The following are the major items in the AmSpec estimate:
(All figures in metric tons)
April 1-10 March 1-10
RBD Palm Olein 97,988 187,817
RBD Palm Oil 52,315 37,255
RBD Palm Stearin 18,762 37,960
Crude Palm Oil 61,285 59,200
Total* 271,201 370,492
*Palm oil product volumes don’t add up to total as some products aren’t included.

Midwest Weather Forecast: Isolated showers or mostly dry conditions. Temperatures should average near to abovre normal.

US Gulf Cash Basis

Corn HRW SRW Soybeans Soybean Meal Soybean Oil
March
150 May
255 May
145 May
165 May

April
140 May
255 May
145 May
165 May

May
120 May
250 May
140 May
155 May

DJ ICE Canada Cash Grain Close – Apr 8
WINNIPEG — The following are the closing cash
canola prices from ICE Futures.
Source: ICE Futures
Price Basis Contract Change
CANOLA
*Par Region 1,146.80 -10.00 May 2022 up 16.20
Basis: Thunder Bay 1,225.60 60.00 May 2022 dn 1.20
Basis: Vancouver 1,235.60 60.00 May 2022 up 18.80
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 – April 11
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 1657.50 +20.00 Unquoted – –
May 1637.50 +30.00 Unquoted – –
Jun 1542.50 +25.00 Unquoted – –
Jul/Aug/Sep 1407.50 +10.00 Unquoted – –
Oct/Nov/Dec 1382.50 +15.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Apr 1660.00 +20.00 Unquoted – –
May 1640.00 +30.00 Unquoted – –
Jun 1545.00 +25.00 Unquoted – –
Jul/Aug/Sep 1410.00 +10.00 Unquoted – –
Oct/Nov/Dec 1385.00 +15.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Apr 1630.00 +25.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Apr 1445.00 +05.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Apr 6800.00 +100.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Apr 490.00 -05.00 Unquoted – –

DJ China Dalian Grain Futures Closing Prices, Volume – Apr 11
Soybean No. 1
Turnover: 87,914 lots, or 5.49 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-22 6,254 6,276 6,242 6,261 6,229 6,259 30 2,762 15,292
Jul-22 6,280 6,299 6,256 6,280 6,243 6,279 36 69,378 109,182
Sep-22 6,144 6,177 6,133 6,159 6,123 6,155 32 9,991 15,816
Nov-22 5,940 5,975 5,926 5,941 5,928 5,953 25 5,577 13,667
Jan-23 5,876 5,912 5,852 5,896 5,876 5,894 18 181 1,095
Mar-23 5,846 5,878 5,846 5,856 5,849 5,863 14 25 92
Corn
Turnover: 633,784 lots, or 18.36 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-22 2,848 2,851 2,835 2,837 2,848 2,842 -6 185,529 487,291
Jul-22 2,899 2,901 2,881 2,883 2,897 2,890 -7 57,577 278,572
Sep-22 2,924 2,934 2,912 2,914 2,928 2,923 -5 357,916 888,751
Nov-22 2,917 2,923 2,903 2,908 2,911 2,912 1 4,961 57,870
Jan-23 2,928 2,943 2,918 2,921 2,926 2,928 2 12,411 59,362
Mar-23 2,953 2,967 2,940 2,944 2,950 2,951 1 15,390 20,559
Soymeal
Turnover: 1,442,173 lots, or 56.76 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-22 3,989 4,073 3,980 4,040 3,952 4,031 79 262,357 456,978
Jul-22 3,981 4,071 3,973 4,041 3,946 4,027 81 86,970 250,086
Aug-22 3,941 4,039 3,941 4,006 3,917 4,001 84 22,127 135,853
Sep-22 3,885 3,970 3,885 3,939 3,864 3,929 65 952,809 1,217,464
Nov-22 3,795 3,853 3,788 3,817 3,776 3,814 38 22,365 75,478
Dec-22 3,739 3,768 3,697 3,723 3,706 3,738 32 14,927 21,531
Jan-23 3,649 3,705 3,631 3,658 3,623 3,656 33 74,726 140,642
Mar-23 3,513 3,553 3,508 3,529 3,494 3,527 33 5,892 5,419
Palm Oil
Turnover: 749,857 lots, or 79.21 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Apr-22 12,396 12,396 12,396 12,396 12,350 12,396 46 4 1,252
May-22 11,560 11,728 11,514 11,614 11,496 11,622 126 104,410 134,004
Jun-22 11,190 11,314 11,068 11,202 11,092 11,202 110 13,553 54,935
Jul-22 10,726 10,942 10,666 10,792 10,718 10,804 86 9,502 45,306
Aug-22 10,576 10,688 10,404 10,498 10,454 10,528 74 8,092 24,136
Sep-22 10,386 10,518 10,226 10,302 10,282 10,370 88 604,041 220,810
Oct-22 10,340 10,412 10,138 10,218 10,170 10,276 106 4,028 9,781
Nov-22 10,212 10,212 10,054 10,128 10,076 10,118 42 12 323
Dec-22 10,090 10,090 9,996 10,024 9,968 10,032 64 4 127
Jan-23 10,036 10,094 9,848 9,958 9,898 9,970 72 6,197 11,075
Feb-23 10,020 10,020 9,880 9,880 9,868 9,950 82 11 70
Mar-23 9,852 9,852 9,758 9,758 9,754 9,814 60 3 81
Soybean Oil
Turnover: 482,164 lots, or 50.76 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-22 10,616 10,720 10,562 10,598 10,538 10,634 96 40,240 131,494
Jul-22 10,612 10,700 10,546 10,592 10,514 10,608 94 16,850 91,763
Aug-22 10,560 10,724 10,512 10,568 10,492 10,578 86 12,835 53,456
Sep-22 10,514 10,610 10,434 10,482 10,418 10,518 100 398,223 319,849
Nov-22 10,454 10,456 10,300 10,356 10,294 10,372 78 7,221 19,408
Dec-22 10,306 10,416 10,240 10,306 10,220 10,308 88 4,219 4,568
Jan-23 10,238 10,328 10,174 10,232 10,156 10,242 86 2,573 6,994
Mar-23 10,094 10,094 9,982 10,080 9,966 10,052 86 3 166
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