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, May 09, 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 U.S. Wheat Production Estimates — Survey
NEW YORK–The following are analysts’ estimates for 2022-23 U.S. wheat production, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated production forecasts at noon on Thursday.
2022-23 WHEAT PRODUCTION
Average Range USDA 2021-22
All Wheat 1,789 1,635-1,915 1,646
Winter Wheat 1,245 1,146-1,359 1,277
Hard Red Winter 683 568-779 749
Soft Red Winter 365 340-393 361
White Winter 199 166-237 167
All Wheat Winter Wheat Hard-Red Soft-Red White
AgriSompo North America 1,905
Allendale 1,872 1,359 779 358 222
DC Analysis 1,803 1,197 660 365 172
Doane 1,775 1,175 600 350 225
EDF Man 1,767 1,300 700 380 220
Futures International 1,915 1,323 700 393 230
Grain Cycles 1,819 1,287 759 340 188
Linn 1,810 1,220 685 375 170
Sid Love Consulting 1,782 1,237 650 350 237
Midland Research 1,744 1,194 629 375 190
Northstar 1,700 1,200 655 370 175
Prime-Ag 1,683
RJ O’Brien 1,221 641 358 222
Risk Mgmt Commodities 1,635 1,225 705 350 170
StoneX 1,672 1,146 568 375 203
US Commodities 1,860 1,260 748 360 166
Western Milling 1,848 1,274 683 365 226
Zaner Ag Hedge 1,817 1,300 762 370 169

DJ U.S. Corn, Soybean Production Estimates — Survey
NEW YORK–The following are analysts’ estimates for 2022 U.S. corn and soybean production in millions of bushels, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release its monthly estimates at noon on Thursday.
U.S. Corn, Soybean Production (million bushels)
Average Range USDA 2021
Corn Production 14,779 14,414-15,115 15,115
Soybean Production 4,604 4,435-4,653 4,435
Corn Soybean
Production Production
AgriSompo North America 14,715 4,565
AgriSource 14,700 4,650
Allendale 14,824 4,641
DC Analysis 14,788 4,640
Doane 14,600 4,635
EDF Man 14,752 4,635
Futures International 14,825 4,640
Grain Cycles 14,842 4,635
Linn 14,575 4,591
Sid Love Consulting 14,414 4,500
Midland Research 14,680 4,630
Northstar 14,660 4,544
Prime-Ag 14,833 4,590
Risk Mgmt Commodities 15,115 4,435
StoneX 14,867 4,632
US Commodities 15,077 4,589
Vantage RM 14,806 4,642
Western Milling 14,905 4,653
Zaner Ag Hedge 14,815 4,638

DJ U.S. May Grain, Soybean Stockpiles Estimates — Survey
NEW YORK–The following are analysts’ estimates in millions of bushels for U.S. ending stockpiles for 2021-22 and 2022-23, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated supply and demand tables on Thursday at noon ET.
U.S. 2021-22 Stockpiles (millions)
Average Range USDA April
Corn 1,404 1,310-1,440 1,440
Soybeans 222 175-260 260
Wheat 681 650-713 678
U.S. 2022-23 Stockpiles (millions)
Average Range USDA April
Corn 1,305 988-1,627 N/A
Soybeans 319 200-488 N/A
Wheat 655 560-725 N/A
2021-22 2022-23
Corn Soybeans Wheat Corn Soybeans Wheat
Agrisompo North America 1,365 200 674 1,180 200 689
AgriSource 1,440 220 665 1,225 300
Allendale 1,430 225 698 1,419 283 720
DC Analysis 1,390 210 693 1,225 255 610
Doane 1,365 220 650 1,250 350 560
EDF Man 1,440 240 713 1,320 325 691
Futures International 1,390 225 663 1,450 350 652
Grain Cycles 1,440 250 688 1,422 413 683
Linn 1,310 185 688 1,400 315 725
Sid Love Consulting 1,440 260 678
Midland Research 1,340 210 700 1,155 250 615
Northstar 1,430 220 700
Prime-Ag 1,440 240 678 1,300 400 600
RJ O’Brien 1,434 217 668 1,165 275 601
Risk Mgmt Commodities 1,400 230 688 1,450 325 635
StoneX 1,423 196 678 988 488 570
US Commodities 1,415 175 688 1,627 214 721
Vantage RM 1,415 245 665 1,280 380 682
Western Milling 1,386 235 664 1,111 243 697
Zaner Ag Hedge 1,390 235 688 1,524 375 691

DJ May World Grain, Soybean Stockpiles Estimates — Survey
NEW YORK–The following are analysts’ estimates in millions of metric tons for world grain and soybean ending stockpiles for 2021-22 and 2022-23, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated supply and demand tables on Thursday at noon ET.
World Stockpiles (million metric tons)
2021-22
Average Range USDA April
Corn 303.7 298.5-308.0 305.5
Soybeans 89.0 86.5-90.5 89.6
Wheat 278.3 275.0-282.5 278.4
2022-23
Average Range USDA April
Corn 295.6 278.0-307.7 N/A
Soybeans 98.0 89.4-107.8 N/A
Wheat 271.6 261.0-286.8 N/A
2021-22 2022-23
Corn Soybeans Wheat Corn Soybeans Wheat
AgriSompo North America 299.0 89.4 280.5 278.0 90.5 261.0
Allendale 305.1 88.1 278.9 298.6 94.4 271.1
EDF Man 305.0 90.0 278.0 292.0 101.0 279.0
Futures International 304.0 89.0 275.0 288.0 105.0 271.0
Grain Cycles 304.0 89.5 278.0 285.0 101.0 271.0
Linn 298.5 86.5 279.0 300.0 101.5 273.0
Midland Research 305.0 88.0 282.5 287.0 98.0 268.0
Northstar 301.0 88.5 275.0 307.0 94.0 262.0
Prime-Ag 305.0 89.0 279.0 300.0 95.0 275.0
Risk Mgmt Commodities 303.5 90.5 276.4
StoneX 308.0 90.1 280.4 300.2 107.8 263.0
US Commodities 304.5 89.0 278.0 304.0 89.4 278.0
Western Milling 306.0 89.0 279.0
Zaner Ag Hedge 303.1 88.9 277.0 307.7 98.4 286.8

DJ CBOT Delivery Intentions: Totals – May 9
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL May May 10, 2022 50 Apr 08, 2022
KC HRW WHEAT May May 10, 2022 5 May 03, 2022
WHEAT May May 10, 2022 16 Apr 29, 2022

WHEAT
General Comments: Wheat markets were higher last week on news that Indian production is in trouble from hot and dry weather and that the country might have to regulate exports. India has denied it will regulate exports and said it has enough in storage, but futures were higher anyway. Spring Wheat was higher on bad weather that is still in the forecast for US and Canadian growing areas. The Fed increased interest rates by 0.5% last week. Trends are sideways in all three markets on the weekly charts. Russia have been offering into the world market at relatively cheap prices but the Wheat is moving from the Black Sea although a lot of ships are scared to go on those waters. Ukraine can rail Wheat to Romania for shipment and has been doing this. Hard Red Winter Wheat was a little lower on forecasts for some light to moderate precipitation to fall in HRW growing areas of the western Great Plains this week and more moderate weather is forecast for the northern Great Plains and Canadian Prairies. The western US Great Plains remained too dry and crop conditions were very poor.
Overnight News: The southern Great Plains should get isolated showers or dry conditions. Temperatures should average below normal. Northern areas should see isolated showers. Temperatures will average near to below normal. The Canadian Prairies should see isolated showers in western areas. Temperatures should average near to above normal.
Chart Analysis: Trends in Chicago are mixed. Support is at 1089, 1069, and 1047 July, with resistance at 1127, 1143, and 1190 July. Trends in Kansas City are mixed. Support is at 1153, 10133, and 1115 July, with resistance at 1189, 1202, and 1259 July. Trends in Minneapolis are mixed to up with objectives of 1263 July. Support is at 1203, 1180, and 1154 July, and resistance is at 1223, 1230, and 1242 July.

COT — Supplemental Report – Option and Futures Combined Positions as of May 03, 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 425,804
: Positions :
: 43,476 81,417 119,298 47,076 158,935 185,515 30,100 395,365 389,751: 30,439 36,053
: Changes from: April 26, 2022 (Change in open interest: -5,449) :
: -1,134 -695 584 -589 -5,489 -2,022 833 -3,160 -4,767: -2,289 -682
: Percent of Open Interest Represented by Each Category of Trader :
: 10.2 19.1 28.0 11.1 37.3 43.6 7.1 92.9 91.5: 7.1 8.5
: Total Traders: 355 Number of Traders in Each Category :
: 90 80 112 81 119 50 23 287 277:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of May 03, 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 193,800
: Positions :
: 30,094 21,961 34,848 33,482 110,221 72,323 5,987 170,748 173,018: 23,051 20,782
: Changes from: April 26, 2022 (Change in open interest: -1,609) :
: -2,681 1,098 1,452 239 -3,842 -145 -1,078 -1,135 -2,371: -474 762
: Percent of Open Interest Represented by Each Category of Trader :
: 15.5 11.3 18.0 17.3 56.9 37.3 3.1 88.1 89.3: 11.9 10.7
: Total Traders: 234 Number of Traders in Each Category :
: 53 37 53 63 90 37 17 179 175:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 3, 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 73,495 :
: Positions :
: 27,931 57,719 1,807 1,056 361 19,390 824 700 6,234 653 2,338 :
: Changes from: April 26, 2022 :
: 168 20 -13 503 -131 352 54 104 423 -10 455 :
: Percent of Open Interest Represented by Each Category of Trader :
: 38.0 78.5 2.5 1.4 0.5 26.4 1.1 1.0 8.5 0.9 3.2 :
: Number of Traders in Each Category Total Traders: 107 :
: 42 41 5 . 4 21 5 5 10 6 7 :
—————————————————————————————————————-

RICE:
General Comments: Rice was lower last week on demand concerns, but held the uptrend on the weekly charts. The Fed increased interest rates by 0.5% yesterday and ideas that demand could be hurt because of the raise were heard everywhere. There are a lot of fears of a recession coming very soon. There still was some buying seen in reaction to the slow progress in Rice planting and emergence in the US. The slow progress and wet and cold conditions in Arkansas have many looking for a lower planted area and all planted area is expected to be less, anyway, due to high input costs against the price of Rice. The overall rally is expected to continue after the current selloff and more contract highs are very possible.
Overnight News: The Delta should get scattered showers. Temperatures should be near to above normal.
Chart Analysis: Trends are mixed. Support is at 1691, 1675, and 1658 July and resistance is at 1735, 1749, and 1752 July.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 3, 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 11,864 :
: Positions :
: 5,212 8,716 203 0 0 1,933 568 1 465 934 974 :
: Changes from: April 26, 2022 :
: -200 206 -54 0 -1 398 101 0 -32 -139 13 :
: Percent of Open Interest Represented by Each Category of Trader :
: 43.9 73.5 1.7 0.0 0.0 16.3 4.8 0.0 3.9 7.9 8.2 :
: Number of Traders in Each Category Total Traders: 59 :
: 19 18 . 0 0 15 . . 4 9 7 :
—————————————————————————————————————-

CORN AND OATS:
General Comments: Corn and Oats closed lower last week as forecasts for better planting weather this week and Fed moves to increase interest rates and cool inflation were most important. The Fed increased interest rates by 0.5% and traders worry about the loss of demand. Very warm temperatures are forecast for the Midwest this week and ideas are that planting progress is about to increase. The crop planting progress is very slow now due to the cold and wet Spring seen here and the market started to worry about yield loss soon. It already thinks there is reduced planted area because of the March planning intentions reports from USDA. The potential loss of Ukraine exports of Corn makes the world situation tighter. 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 7977, 771, and 7753 July, and resistance is at 791, 814, and 824 July. Trends in Oats are down with objectives of 611 and 573 July Support is at 617, 610, and 600 July, and resistance is at 647, 659, and 672 July.

COT — Supplemental Report – Option and Futures Combined Positions as of May 03, 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 2,172,898
: Positions :
: 347,263 70,432 535,213 489,843 1,209,454 591,007 108,823 1,963,326 1,923,921: 209,572 248,977
: Changes from: April 26, 2022 (Change in open interest: 15,340) :
: 13,750 9,161 19,927 -16,961 -17,565 -229 3,240 16,486 14,763: -1,147 577
: Percent of Open Interest Represented by Each Category of Trader :
: 16.0 3.2 24.6 22.5 55.7 27.2 5.0 90.4 88.5: 9.6 11.5
: Total Traders: 904 Number of Traders in Each Category :
: 229 103 206 358 465 54 29 723 732:
——————————————————————————————————————-

SOYBEANS
General Comments: Soybeans and the products were lower last week on fears of a cooling economy aftdr the Fed raised interest rates and on forecasts for much improved planting weather this week. Almost summer like conditions are forecast for this week after weeks of cold and wet weather for the Midwest. The Fed raised interest rates by 0.5% this week. There were ideas that the world could be headed to a recession. Traders are worried about demand moving forward as the US Dollar is very strong and China is locking down due to Covid. Demand has been strong even with a slower export pace from the US with NOPA showing a higher crush rate. The market had been told last week that all Palm Oil exports from Indonesia were banned. 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 been a major buyer of US Soybeans this year after a very slow start due to the problems in South America and bought Soybeans again yesterday. They are buying for this year and already have booked a large amount of new crop Soybeans to cover future needs. Most of the current buying is for next year. 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.
Overnight News:
Chart Analysis: Trends in Soybeans are down with objectives of 1600 and 1583 July. Support is at 1600, 1569, and 1561 July, and resistance is at 1657, 1679, and 1705 July. Trends in Soybean Meal are down with objectives of 384.00 and 335.00 July. Support is at 411.00, 402.00, and 393.00 July, and resistance is at 429.00 436.00, and 4439.00 July. Trends in Soybean Oil are mixed. Support is at 7930, 7800, and 7700 July, with resistance at 8320, 8400, and 8760 July.

COT — Supplemental Report – Option and Futures Combined Positions as of May 03, 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 888,673
: Positions :
: 127,842 47,241 203,741 253,027 502,337 242,765 47,754 827,375 801,074: 61,297 87,599
: Changes from: April 26, 2022 (Change in open interest: -16,072) :
: -13,585 3,612 -703 2,321 -18,825 -4,011 453 -15,977 -15,462: -95 -609
: Percent of Open Interest Represented by Each Category of Trader :
: 14.4 5.3 22.9 28.5 56.5 27.3 5.4 93.1 90.1: 6.9 9.9
: Total Traders: 618 Number of Traders in Each Category :
: 170 90 167 192 272 55 27 481 504:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of May 03, 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 425,185
: Positions :
: 79,500 18,112 74,665 101,728 292,029 131,411 16,879 387,305 401,685: 37,880 23,500
: Changes from: April 26, 2022 (Change in open interest: -15,614) :
: -10,901 -3,125 1,444 -3,718 -16,667 -1,497 885 -14,672 -17,464: -943 1,850
: Percent of Open Interest Represented by Each Category of Trader :
: 18.7 4.3 17.6 23.9 68.7 30.9 4.0 91.1 94.5: 8.9 5.5
: Total Traders: 281 Number of Traders in Each Category :
: 88 36 68 79 95 42 21 236 196:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of May 03, 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 410,282
: Positions :
: 69,301 19,614 60,770 100,684 296,308 129,934 7,134 360,688 383,826: 49,594 26,455
: Changes from: April 26, 2022 (Change in open interest: -14,157) :
: -9,738 4,849 -1,914 569 -19,582 1,197 732 -9,885 -15,914: -4,271 1,758
: Percent of Open Interest Represented by Each Category of Trader :
: 16.9 4.8 14.8 24.5 72.2 31.7 1.7 87.9 93.6: 12.1 6.4
: Total Traders: 268 Number of Traders in Each Category :
: 66 42 57 88 99 39 11 225 179:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Palm Oil was lower last week and gave back the gains of the previous week. Futures were a little higher today in consolidation trading. Futures were closed for the first half of the week then sold off on ideas that demand for Malaysian Palm Oil was weaker and that monthly stocks were increasing. MPOB will release its data this week. The Indonesian ban on Palm Oil products imports is now in effect and a ban on Crude Palm Oil exports is coming, according to the Indonesian government. The industry estimates the ban could last through the month of May, but the government has made no such prediction. 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. Canola was lower last week but the losses were much less than those seen in Chicago or Malaysia. It is reported to be very dry and has been cold for planting. StatsCan said that Canadian farmers intend to reduce planted area for Canola this year and use the area to plant Wheat instead. 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.
Overnight News:
Chart Analysis: Trends in Canola are mixed. Support is at 1122.00, 1108.00, and 1093.00 July, with resistance at 1150.00, 1182.00, and 1201.00 July. Trends in Palm Oil are up with no objectives. Support is at 6800, 6530, and 6180 July, with resistance at 7130, 7200, and 7320 July.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 3, 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 156,337 :
: Positions :
: 80,648 121,917 1,882 3,238 637 51,375 4,986 7,407 2,627 7,614 8,772 :
: Changes from: April 26, 2022 :
: 6,404 1,410 -468 55 -3 -1,392 273 710 -1,437 1,494 -94 :
: Percent of Open Interest Represented by Each Category of Trader :
: 51.6 78.0 1.2 2.1 0.4 32.9 3.2 4.7 1.7 4.9 5.6 :
: Number of Traders in Each Category Total Traders: 299 :
: 47 70 . 6 . 59 12 16 52 79 48 :
—————————————————————————————————————-

Midwest Weather Forecast: Showers and storms. Temperatures should average below normal.

US Gulf Cash Basis

Corn HRW SRW Soybeans Soybean Meal Soybean Oil
May
98 May
250 May 150 May
130 May

June
95 July
220 July
135 July
145 July

July
94 July
210 July
80 July
136 July

DJ ICE Canada Cash Grain Close – May 6
WINNIPEG, May 6 (MarketsFarm) – The following are the closing cash
canola prices from ICE Futures.
Source: ICE Futures
Price Basis Contract Change
CANOLA
*Par Region 1,161.10 0.00 Jul 2022 up 16.50
Track Thunder Bay 1,202.60 45.00 Jul 2022 dn 3.50
Track Vancouver 1,222.60 65.00 Jul 2022 dn 3.50
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 – May 9
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 1742.50 +05.00 Unquoted – –
Jun 1662.50 -05.00 Unquoted – –
Jul/Aug/Sep 1495.00 -07.50 Unquoted – –
Oct/Nov/Dec 1437.50 +20.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
May 1745.00 +05.00 Unquoted – –
Jun 1665.00 -05.00 Unquoted – –
Jul/Aug/Sep 1497.50 -07.50 Unquoted – –
Oct/Nov/Dec 1440.00 +20.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
May 1660.00 -30.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
May 1460.00 -30.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
May 7150.00 -20.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
May 475.00 -04.00 Unquoted – –
($1=MYR4.383)

DJ China Dalian Grain Futures Closing Prices, Volume – May 09
Soybean No. 1
Turnover: 97,844 lots, or 5.99 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-22 6,158 6,158 6,158 6,158 6,141 6,158 17 10 737
Jul-22 6,179 6,218 6,147 6,197 6,179 6,181 2 71,760 107,027
Sep-22 6,001 6,070 6,001 6,057 6,038 6,039 1 15,423 30,764
Nov-22 5,815 5,840 5,796 5,828 5,828 5,817 -11 10,012 16,804
Jan-23 5,758 5,794 5,758 5,785 5,787 5,773 -14 513 2,678
Mar-23 5,747 5,780 5,747 5,757 5,765 5,752 -13 126 562
Corn
Turnover: 505,705 lots, or 1.51 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-22 2,898 2,902 2,890 2,902 2,918 2,895 -23 590 25,771
Jul-22 2,949 2,955 2,933 2,944 2,953 2,944 -9 62,802 348,350
Sep-22 2,987 3,003 2,980 2,988 3,003 2,990 -13 381,887 1,270,337
Nov-22 2,964 2,969 2,940 2,950 2,973 2,952 -21 13,279 69,730
Jan-23 2,965 2,982 2,940 2,954 2,976 2,959 -17 34,424 98,153
Mar-23 2,958 2,983 2,950 2,954 2,988 2,962 -26 12,723 28,067
Soymeal
Turnover: 1,116,232 lots, or 43.65 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-22 4,119 4,129 4,015 4,015 4,146 4,113 -33 153 1,245
Jul-22 4,085 4,096 3,981 3,991 4,138 4,024 -114 71,665 212,816
Aug-22 4,041 4,055 3,949 3,960 4,091 3,990 -101 15,142 143,344
Sep-22 3,999 3,999 3,887 3,900 4,028 3,928 -100 869,133 1,209,693
Nov-22 3,917 3,929 3,829 3,838 3,969 3,870 -99 27,064 80,296
Dec-22 3,849 3,858 3,772 3,795 3,898 3,810 -88 17,153 29,022
Jan-23 3,779 3,785 3,700 3,718 3,814 3,728 -86 99,876 254,498
Mar-23 3,659 3,659 3,598 3,606 3,674 3,620 -54 16,046 16,385
Palm Oil
Turnover: 807,905 lots, or 93.64 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-22 14,440 14,440 14,320 14,378 14,774 14,544 -230 188 1,544
Jun-22 13,248 13,494 13,142 13,280 13,550 13,280 -270 14,237 14,995
Jul-22 12,650 12,780 12,476 12,604 12,800 12,618 -182 16,613 59,802
Aug-22 11,986 12,138 11,852 11,988 12,198 12,006 -192 9,141 34,536
Sep-22 11,550 11,682 11,408 11,568 11,742 11,550 -192 734,015 297,745
Oct-22 11,350 11,436 11,116 11,356 11,504 11,336 -168 10,889 16,692
Nov-22 11,198 11,268 11,054 11,174 11,292 11,174 -118 2,903 3,135
Dec-22 11,102 11,104 11,000 11,064 11,306 11,064 -242 24 146
Jan-23 11,012 11,056 10,856 10,980 11,098 10,972 -126 19,876 38,206
Feb-23 10,870 10,900 10,830 10,900 10,962 10,844 -118 12 83
Mar-23 10,576 10,576 10,576 10,576 10,846 10,576 -270 1 121
Apr-23 10,504 10,692 10,504 10,600 10,758 10,600 -158 6 40
Soybean Oil
Turnover: 544,671 lots, or 60.41 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-22 11,206 11,220 11,206 11,220 11,350 11,210 -140 10 1,916
Jul-22 11,300 11,310 11,182 11,220 11,360 11,238 -122 24,434 87,475
Aug-22 11,202 11,300 11,116 11,162 11,282 11,172 -110 17,538 56,750
Sep-22 11,112 11,168 11,040 11,088 11,200 11,096 -104 453,565 392,496
Nov-22 11,022 11,042 10,930 10,992 11,088 10,988 -100 24,503 26,602
Dec-22 10,972 10,992 10,876 10,930 11,022 10,936 -86 7,457 7,972
Jan-23 10,932 10,946 10,830 10,876 10,964 10,884 -80 12,298 20,351
Mar-23 10,788 10,814 10,692 10,776 10,868 10,752 -116 4,866 2,793
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.

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