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

MORNING GRAINS COMMENTS
Jack Scoville

Monday, April 25, 2022

Price Futures Group, CBOT
Chicago, IL
(312) 264-4322
jscoville@pricegroup.com

JSL, SA de CV
San Salvador, El Salvador (503) 2260-7806 jslsadecv@comcast.net

JSL, SA
San José, Costa Rica (506) 2282-7024
jslsa@comcast.net

DJ USDA Cold Storage: Totals-Apr 22
WASHINGTON (Dow Jones)==U.S. stocks of pork bellies in freezers
totaled 56.779 million pounds, in March, 13.2% above the previous
month, and 60.4% above March 2021, the U.S. Department Agriculture
said Friday.
In thousand pounds.
public
Mar 31 Feb 28 Mar 31 Feb 28 warehouse
2022 2022 2021 2021 stocks/Mar
pork bellies 56,779 50,139 35,398 37,556
orange juice 479,450 457,698 664,497 662,608
french fries 965,151 992,338 950,494 958,016
other potatoes 212,809 219,569 196,076 201,494
chicken rstr (whole) 13,181 11,931 13,103 12,117
ham 74,055 84,248 60,776 92,122
total pork 487,190 479,891 451,042 483,374 409,368
total beef 536,887 531,500 482,990 512,528 525,279
total red meat 1,050,765 1,036,625 967,931 1,031,677 960,010
total chicken 777,454 782,510 739,826 769,221
total turkey 308,201 292,897 350,589 320,144
total poultry 1,087,426 1,077,457 1,093,198 1,092,255 990,565
===============================================================================

WHEAT
General Comments: Wheat markets were mixed last week with Minneapolis higher as another blizzard is forecast for this week in Spring Wheat growing areas, and Chicago was lower on speculative selling tied as wire reports from Russia indicated that the country has a very big Wheat crop. They have been offering into the world market at relatively cheap prices. Hard Red Winter Wheat was a little lower on forecasts for some very light precipitation to fall in JHRW growing areas of the western Great Plains this week.. The western US Great Plains remained too dry and crop conditions were very poor and the war continued in Ukraine with little if any ideas of a cease fire mentioned. Ports are closed in Ukraine but Russian shippers and exporters are offering and some sales are being reported at Black Sea ports despite the high insurance costs associated with the boats coming into the sea. 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 isolated showers. Temperatures should average near to below normal. Northern areas should see isolated showers. Temperatures will average below normal. The Canadian Prairies should see isolated showers. Temperatures should average below normal.
Chart Analysis: Trends in Chicago are mixed to down with objectives of 1036, 971, and 963 May. Support is at 1045, 1017, and 1014 May, with resistance at 1098, 1135, and 1156 May. Trends in Kansas City are mixed. Support is at 1106, 1090, and 1065 May, with resistance at 1167, 1200, and 1242 May. Trends in Minneapolis are mixed . Support is at 1144, 1128, and 1116 May, and resistance is at 1185, 1207, and 1222 May.

COT — Supplemental Report – Option and Futures Combined Positions as of April 19, 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 484,604
: Positions :
: 49,030 87,076 150,807 51,567 171,630 197,291 36,515 448,694 446,028: 35,910 38,576
: Changes from: April 12, 2022 (Change in open interest: -2,217) :
: 1,364 2,436 -4,162 893 -691 247 629 -1,659 -1,788: -558 -429
: Percent of Open Interest Represented by Each Category of Trader :
: 10.1 18.0 31.1 10.6 35.4 40.7 7.5 92.6 92.0: 7.4 8.0
: Total Traders: 355 Number of Traders in Each Category :
: 88 84 121 76 116 51 24 285 284:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of April 19, 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 211,504
: Positions :
: 33,078 17,048 44,507 34,271 115,742 75,125 12,049 186,981 189,346: 24,524 22,158
: Changes from: April 12, 2022 (Change in open interest: 1,065) :
: 517 183 -117 -496 220 1,053 838 957 1,123: 109 -58
: Percent of Open Interest Represented by Each Category of Trader :
: 15.6 8.1 21.0 16.2 54.7 35.5 5.7 88.4 89.5: 11.6 10.5
: Total Traders: 228 Number of Traders in Each Category :
: 50 35 57 62 90 36 17 179 174:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of April 19, 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 77,613 :
: Positions :
: 29,600 59,914 1,740 1,113 600 20,573 706 698 5,858 674 2,961 :
: Changes from: April 12, 2022 :
: -747 2,053 2 17 -20 1,751 4 -11 24 -607 -392 :
: Percent of Open Interest Represented by Each Category of Trader :
: 38.1 77.2 2.2 1.4 0.8 26.5 0.9 0.9 7.5 0.9 3.8 :
: Number of Traders in Each Category Total Traders: 110 :
: 50 46 5 . 5 21 5 7 11 . 6 :
—————————————————————————————————————-

RICE:
General Comments: Rice was near unchanged last week after a wide ranging week as the market continued to consolidate. The weekly export sales report showed increased sales from the previous week. Sales were moderate. The overall rally is expected to start again very soon. It looks like supplies are tight and demand is holding together in this market. The cash market is showing that domestic mill business is around everywhere in light 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.
Overnight News: The Delta should get scattered showers. Temperatures should be near to above normal.
Chart Analysis: Trends are mixed. Support is at 1600, 1569, and 1563 May and resistance is at 1628, 1644, and 1670 May.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of April 19, 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 11,652 :
: Positions :
: 5,289 8,395 273 0 3 1,506 467 2 412 1,173 936 :
: Changes from: April 12, 2022 :
: -450 305 79 0 3 156 0 2 133 34 147 :
: Percent of Open Interest Represented by Each Category of Trader :
: 45.4 72.1 2.3 0.0 0.0 12.9 4.0 0.0 3.5 10.1 8.0 :
: Number of Traders in Each Category Total Traders: 58 :
: 20 18 . 0 . 10 . . 6 9 8 :
—————————————————————————————————————-

CORN AND OATS:
General Comments: Corn closed a little higher last week despite some late week selling from speculators on reports that Brazilian and Argentine Corn were offered at prices much lower than those of the US The price weakness was in the nearby months as better demand for American Corn due to the loss of export potential from Ukraine went against the cheaper South American offers. Export sales were off in the weekly report but big sales were announced on Friday to China and Mexico. New crop futures spent the day a little lower on forecasts for warmer but still wet weather for the US Midwest. The potential loss of Ukraine exports of Corn makes the world situation tighter. 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. However, China has been a very big buyer of US Corn over the last couple of weeks as they need the feed and Ukraine cannot currently offer any supply. President Biden has said he will permit the use of higher ethanol blends in gasoline this Summer in an effort to control inflation and high fuel prices.
Overnight News:
Chart Analysis: Trends in Corn are mixed. Support is at 768, 760, and 741 May, and resistance is at 800, 820, and 826 May. Trends in Oats are down with no objectives. Support is at 705, 691, and 674 May, and resistance is at 724, 741, and 766 May.

COT — Supplemental Report – Option and Futures Combined Positions as of April 19, 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 2,363,241
: Positions :
: 342,577 56,600 602,283 582,871 1,324,112 606,171 119,890 2,133,901 2,102,885: 229,340 260,357
: Changes from: April 12, 2022 (Change in open interest: 99,846) :
: 15,139 246 58,939 16,535 31,617 6,662 12,076 97,275 102,879: 2,572 -3,032
: Percent of Open Interest Represented by Each Category of Trader :
: 14.5 2.4 25.5 24.7 56.0 25.6 5.1 90.3 89.0: 9.7 11.0
: Total Traders: 905 Number of Traders in Each Category :
: 235 98 213 387 461 54 25 754 728:
——————————————————————————————————————-

SOYBEANS
General Comments: Soybeans and Soybean Oil were higher last week on the reduced production from South America and on increasing concerns in the US about the cold and wet Midwest weather keeping farmers from the fields for planting. Demand has been strong even with a slower export pace from the US with NOPA showing a higher crush rate than anticipate by the trade earlier in the week. Soybean Oil has been the leader to the upside and made new contract highs. President Biden has said he will support expanded use of bio fuels this Summer in an effort to control higher fuel prices. 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. China has not been mentioned as a Soybeans buyer in the daily sales reports from USDA for the last couple of weeks. 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 not much 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. China said last week that it imported less Soybeans from the US in March than a year ago. The world situation is still tightening as Brazil and Argentina harvested less Soybeans.
Overnight News: China bought 330,000 tons of US Soybeans and received for delivery another 204,000 tons of US Soybeans, mostly for next year,
Chart Analysis: Trends in Soybeans are mixed. Support is at 1697, 1681, and 1652 May, and resistance is at 1759, 1768, and 1780 May. Trends in Soybean Meal are mixed. Support is at 453.00, 448.00, and 447.00 May, and resistance is at 465.00 472.00, and 480.00 May. Trends in Soybean Oil are up with objectives of 8550 May. Support is at 8050, 7990, and 7860 May, with resistance at 8480, 8600, and 8720 May.

COT — Supplemental Report – Option and Futures Combined Positions as of April 19, 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 1,005,019
: Positions :
: 145,191 41,639 260,747 268,437 558,571 263,837 52,117 938,212 913,073: 66,806 91,945
: Changes from: April 12, 2022 (Change in open interest: 20,608) :
: 3,611 -2,045 14,634 -5,193 5,325 5,872 3,066 18,924 20,980: 1,684 -372
: Percent of Open Interest Represented by Each Category of Trader :
: 14.4 4.1 25.9 26.7 55.6 26.3 5.2 93.4 90.9: 6.6 9.1
: Total Traders: 652 Number of Traders in Each Category :
: 185 98 185 219 280 52 23 533 526:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of April 19, 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 471,333
: Positions :
: 83,699 19,229 94,810 109,213 313,712 139,534 22,173 427,257 449,923: 44,076 21,410
: Changes from: April 12, 2022 (Change in open interest: 38,336) :
: 12,355 3,041 18,607 3,905 14,020 2,602 3,186 37,469 38,854: 868 -518
: Percent of Open Interest Represented by Each Category of Trader :
: 17.8 4.1 20.1 23.2 66.6 29.6 4.7 90.6 95.5: 9.4 4.5
: Total Traders: 302 Number of Traders in Each Category :
: 98 37 79 83 94 42 21 260 207:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of April 19, 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 466,468
: Positions :
: 82,663 12,200 82,342 107,189 338,403 134,150 9,203 406,343 442,147: 60,124 24,321
: Changes from: April 12, 2022 (Change in open interest: 5,332) :
: 5,422 -1,565 31 986 7,142 -1,566 -630 4,874 4,978: 458 354
: Percent of Open Interest Represented by Each Category of Trader :
: 17.7 2.6 17.7 23.0 72.5 28.8 2.0 87.1 94.8: 12.9 5.2
: Total Traders: 276 Number of Traders in Each Category :
: 82 30 70 90 106 37 10 238 194:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Palm Oil was higher last week on currency considerations and as Indonesia announced it would ban Palm Oil exports to help control higher internal prices. Indonesia clarified the ban to include only refined products and not crude Palm Oil so futures went lower today. Hopes for better demand from India keep the market supported. 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. 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 along with Chicago. 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. Trends have turned up again in this market.
Overnight News:
Chart Analysis: Trends in Canola are up with objectives of 1226.00, 1259.00, and 1268.00 May. Support is at 1174.00, 1163.00, and 1153.00 May, with resistance at 1208.00, 1220.00, and 1232.00 May. Trends in Palm Oil are up with objectives of 6740 July. Support is at 6150, 6020, and 5910 July, with resistance at 6550, 6650, and 6770 July.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of April 19, 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 161,891 :
: Positions :
: 79,702 127,106 2,326 3,232 1,950 53,008 4,629 7,900 3,297 4,453 11,005 :
: Changes from: April 12, 2022 :
: -4,320 -5,156 457 663 -51 874 835 275 -544 420 927 :
: Percent of Open Interest Represented by Each Category of Trader :
: 49.2 78.5 1.4 2.0 1.2 32.7 2.9 4.9 2.0 2.8 6.8 :
: Number of Traders in Each Category Total Traders: 291 :
: 45 60 4 5 . 59 14 14 57 73 46 :
—————————————————————————————————————-

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

US Gulf Cash Basis

Corn HRW SRW Soybeans Soybean Meal Soybean Oil
March 100 May
250 May 135 May
132 May

April 100 May
250 May 135 May
132 May

May 103 July
230 July 120 July
142 July

DJ ICE Canada Cash Grain Close – Apr 22
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 1153.80 -25.20 May 2022 up 1.20
Basis: Thunder Bay 1226.70 55.00 July 2022 dn 12.30
Basis: Vancouver 1236.70 65.00 July 2022 dn 12.30
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 – April 25
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
May 1717.50 +30.00 Unquoted – –
Jun 1607.50 -30.00 Unquoted – –
Jul/Aug/Sep 1460.00 -47.50 Unquoted – –
Oct/Nov/Dec 1392.50 -60.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
May 1720.00 +30.00 Unquoted – –
Jun 1610.00 -30.00 Unquoted – –
Jul/Aug/Sep 1462.50 -47.50 Unquoted – –
Oct/Nov/Dec 1395.00 -60.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
May 1700.00 +80.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
May 1490.00 +70.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
May 7100.00 — Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
May 495.00 — Unquoted – –
($1=MYR4.355)

DJ China Dalian Grain Futures Closing Prices, Volume – Apr 25
Soybean No. 1
Turnover: 178,680 lots, or 10.89 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-22 6,096 6,144 6,061 6,079 6,092 6,103 11 863 8,517
Jul-22 6,129 6,192 6,089 6,120 6,137 6,150 13 125,316 112,415
Sep-22 6,024 6,055 5,966 5,988 6,009 6,013 4 33,230 30,732
Nov-22 5,860 5,880 5,812 5,833 5,854 5,849 -5 18,620 14,041
Jan-23 5,829 5,838 5,783 5,797 5,816 5,812 -4 617 2,041
Mar-23 5,815 5,815 5,765 5,765 5,795 5,789 -6 34 349
Corn
Turnover: 785,441 lots, or 23.27 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-22 2,880 2,890 2,857 2,859 2,891 2,873 -18 88,473 208,222
Jul-22 2,944 2,946 2,914 2,914 2,948 2,928 -20 116,449 346,029
Sep-22 3,000 3,000 2,966 2,967 3,000 2,981 -19 532,304 1,207,738
Nov-22 2,966 2,983 2,954 2,954 2,979 2,971 -8 17,014 61,597
Jan-23 3,004 3,007 2,974 2,979 3,004 2,991 -13 18,456 84,222
Mar-23 3,026 3,029 2,992 2,994 3,028 3,011 -17 12,745 24,719
Soymeal
Turnover: 1,653,153 lots, or 6.63 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-22 4,218 4,230 4,076 4,087 4,215 4,143 -72 86,125 74,923
Jul-22 4,203 4,226 4,066 4,077 4,199 4,132 -67 85,928 220,159
Aug-22 4,186 4,186 4,021 4,029 4,156 4,097 -59 18,349 137,833
Sep-22 4,100 4,118 3,947 3,956 4,097 4,020 -77 1,301,465 1,315,849
Nov-22 4,003 4,014 3,874 3,883 3,990 3,935 -55 24,405 77,578
Dec-22 3,936 3,936 3,786 3,786 3,914 3,862 -52 20,350 23,239
Jan-23 3,831 3,842 3,712 3,723 3,829 3,767 -62 103,075 192,907
Mar-23 3,689 3,711 3,590 3,600 3,698 3,641 -57 13,456 8,033
Palm Oil
Turnover: 1,553,436 lots, or 18.10 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-22 12,750 13,192 12,704 12,720 12,578 13,016 438 43,994 25,496
Jun-22 12,400 12,858 12,352 12,446 12,134 12,642 508 45,876 49,966
Jul-22 11,978 12,480 11,904 11,918 11,762 12,220 458 25,197 50,297
Aug-22 11,608 12,180 11,462 11,488 11,446 11,874 428 18,194 26,634
Sep-22 11,500 12,008 11,108 11,136 11,186 11,572 386 1,391,734 289,006
Oct-22 11,250 11,828 10,948 10,958 11,078 11,404 326 8,025 10,973
Nov-22 11,000 11,604 10,850 10,860 10,914 11,230 316 52 320
Dec-22 10,822 10,822 10,820 10,820 10,870 10,820 -50 2 132
Jan-23 10,982 11,542 10,688 10,718 10,764 11,088 324 20,294 24,728
Feb-23 11,304 11,304 10,738 10,738 10,628 11,020 392 9 55
Mar-23 10,900 10,998 10,482 10,482 10,532 10,858 326 41 91
Apr-23 10,536 10,988 10,536 10,818 10,570 10,812 242 18 11
Soybean Oil
Turnover: 1,073,382 lots, or 12.09 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-22 11,482 11,704 11,100 11,114 11,206 11,418 212 24,042 26,538
Jul-22 11,468 11,730 11,128 11,132 11,214 11,434 220 45,193 90,980
Aug-22 11,382 11,638 11,030 11,030 11,140 11,330 190 16,505 55,762
Sep-22 11,360 11,556 10,936 10,942 11,062 11,266 204 904,360 420,832
Nov-22 11,250 11,434 10,834 10,834 10,942 11,154 212 52,848 24,242
Dec-22 11,268 11,368 10,798 10,868 10,892 11,104 212 15,822 5,536
Jan-23 11,100 11,330 10,748 10,766 10,846 11,072 226 14,580 18,309
Mar-23 10,996 11,186 10,750 10,750 10,710 10,944 234 32 186
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