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 Summary for May USDA Monthly Cattle on Feed Data
Data from the U.S. Department of Agriculture’s monthly cattle-on-feed report, released at 3:00 p.m. ET Friday, and analysts’ estimates as compiled by the Wall Street Journal. In million head.
Numbers USDA’s Average Range
2022 2021 estimated of analysts’ of analysts’
% of prev yr estimates estimates
On-feed May 1 11.967M 11.731M 102 101.5 101.2- 101.8
Placed in Apr 1.809M 1.825M 99 96.5 93.6- 97.8
Marketed in Apr 1.893M 1.936M 98 97.9 97.7- 98.0
Note: USDA rounds its estimates to the nearest whole number.

DJ USDA Grain Inspections for Export in Metric Tons – May 23
COUNTRY OF DESTINATION IS REPORTED AS KNOWN AT THE TIME OF EXPORTATION.
INFORMATION CONTAINED IN THIS REPORT REFLECTS EXPORTED GRAIN INSPECTED AND
WEIGHED THROUGH THE AUTHORITY UNDER THE U.S. GRAIN STANDARDS ACT.
NO ADDITIONAL ANALYSIS, COMPILATIONS OR DATA IS AVAILABLE
GRAINS INSPECTED AND/OR WEIGHED FOR EXPORT
REPORTED IN WEEK ENDING MAY 19, 2022
— METRIC TONS —
—————————————————————————
CURRENT PREVIOUS
———– WEEK ENDING ———- MARKET YEAR MARKET YEAR
GRAIN 05/19/2022 05/12/2022 05/20/2021 TO DATE TO DATE
BARLEY 0 0 0 10,156 33,143
CORN 1,699,092 1,060,330 1,746,162 40,833,287 49,077,116
FLAXSEED 0 0 0 324 509
MIXED 0 0 0 0 0
OATS 0 0 0 600 6,514
RYE 0 0 0 0 0
SORGHUM 198,848 199,428 163,697 5,975,689 5,969,124
SOYBEANS 575,781 802,575 222,107 49,092,750 56,462,600
SUNFLOWER 0 0 144 2,260 240
WHEAT 309,501 348,937 598,941 19,685,018 25,011,937
Total 2,783,222 2,411,270 2,731,051 115,600,084 136,561,183
————————————————————————–
CROP MARKETING YEARS BEGIN JUNE 1 FOR WHEAT, RYE, OATS, BARLEY AND
FLAXSEED; SEPTEMBER 1 FOR CORN, SORGHUM, SOYBEANS AND SUNFLOWER SEEDS.
INCLUDES WATERWAY SHIPMENTS TO CANADA

WHEAT
General Comments: Wheat markets were lower last week in response to new concerns about the economic health pf the US and around the world The charts show that futures closed a gap on the charts from the beginning of the week and then closed above the gap and then worked lower from there. News that India might ban Wheat export proved to be the top of the market. The USDA crop reports on Monday showed deteriorating crop conditions for US Wheat and the Kansas Crop Tour last week confirmed the bad growing conditions and poor yield prospects. India has exempted Egypt from the ban and will honor previous commitments. It had been expected to offer up to 12 million tons to the world market. Ukraine exports were reduced due to the war and the trade is hoping for improved production in the EU to make up the difference. USDA reduced production estimates for Hard Red Winter Wheat in the US recently due to the hot and dry conditions in the western Great Plains and reduced Spring Wheat production estimates due to delayed planting.
Overnight News: The southern Great Plains should get isolated showers or dry conditions. Temperatures should average above normal. Northern areas should see isolated showers. Temperatures will average above 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 to down with objectives of 1129 and 1046 July. Support is at 1143, 1107, and 1083 July, with resistance at 1202, 1247, and 1284 July. Trends in Kansas City are mixed to down with objectives of 1203 and 1123 July. Support is at 1200, 1179, and 1183 July, with resistance at 1303, 1379, and 1397 July. Trends in Minneapolis are mixed to down with objectives of 1255 and 1176 July. Support is at 1249, 1235, and 1206 July, and resistance is at 1340, 1414, and 1424 July.

COT — Supplemental Report – Option and Futures Combined Positions as of May 17, 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 483,434
: Positions :
: 52,827 84,899 152,004 50,401 171,646 189,853 33,650 445,084 442,198: 38,350 41,236
: Changes from: May 10, 2022 (Change in open interest: 59,434) :
: 8,051 4,420 34,697 2,858 9,801 8,786 6,335 54,391 55,252: 5,043 4,182
: Percent of Open Interest Represented by Each Category of Trader :
: 10.9 17.6 31.4 10.4 35.5 39.3 7.0 92.1 91.5: 7.9 8.5
: Total Traders: 358 Number of Traders in Each Category :
: 100 82 115 77 118 49 22 288 278:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of May 17, 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 204,633
: Positions :
: 30,725 18,403 41,743 34,394 114,112 72,376 7,236 179,239 181,495: 25,394 23,138
: Changes from: May 10, 2022 (Change in open interest: 7,044) :
: 1,158 -1,691 3,103 32 2,825 1,851 1,272 6,144 5,509: 901 1,535
: Percent of Open Interest Represented by Each Category of Trader :
: 15.0 9.0 20.4 16.8 55.8 35.4 3.5 87.6 88.7: 12.4 11.3
: Total Traders: 237 Number of Traders in Each Category :
: 60 34 62 67 89 37 15 191 178:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 17, 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 78,982 :
: Positions :
: 31,303 61,465 1,854 1,091 374 19,130 955 859 6,417 730 2,834 :
: Changes from: May 10, 2022 :
: 1,983 1,796 -10 -36 22 -144 -62 99 -345 234 -367 :
: Percent of Open Interest Represented by Each Category of Trader :
: 39.6 77.8 2.3 1.4 0.5 24.2 1.2 1.1 8.1 0.9 3.6 :
: Number of Traders in Each Category Total Traders: 108 :
: 44 44 5 . 4 25 . 6 8 5 7 :
—————————————————————————————————————-

RICE:
General Comments: Rice was slightly higher last week. The planting pace is thought to be catching up to normal, but acreage estimates are still down for the next crop. Some traders note that it will be difficult to move Rice at current price levels and they are worried about domestic and export demand moving forward. It is hot and dry in India and it is possible that Rice production will be affected. Rice is a highly political grain for India and the government goes out of its way to subsidize the crop production and support Rice farmers. It usually allows for export prices to fall and often sells it Rice internationally at below costs of production. Prices could rally significantly in the world market if India can’t export.
Overnight News: The Delta should get mostly dry conditions. Temperatures should be above normal.
Chart Analysis: Trends are mixed. Support is at 1716, 1672, and 1661 July and resistance is at 1736, 1749, and 1782 July.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 17, 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 12,651 :
: Positions :
: 5,141 9,124 374 0 0 2,280 542 22 455 969 1,176 :
: Changes from: May 10, 2022 :
: 67 675 167 0 0 209 -28 22 -22 98 209 :
: Percent of Open Interest Represented by Each Category of Trader :
: 40.6 72.1 3.0 0.0 0.0 18.0 4.3 0.2 3.6 7.7 9.3 :
: Number of Traders in Each Category Total Traders: 63 :
: 17 16 . 0 0 17 . . 7 8 10 :
—————————————————————————————————————-

CORN AND OATS:
General Comments: Corn closed lower on ideas that farmers are making rapid progress in getting Corn planted. The weather was variable last week with periods of rain and then warm and dry conditions and more of the same is expected this week. USDA showed much improved planting progress on Monday and significant planting progress is anticipated when USDA issues its next reports later on Monday. Many think the top end of the yield has been taken off the Corn crop due to the delayed planting. It already thinks there is reduced planted area because of the March planning intentions reports from USDA and the bad planting weather. The potential loss of Ukraine exports of Corn makes the world situation tighter. China has a Covid outbreak and has closed some cities and some ports in response.
Overnight News:
Chart Analysis: Trends in Corn are mixed. Support is at 773, 769, and 753 July, and resistance is at 797, 810, and 814 July. Trends in Oats are mixed to up with objectives of 668 and 729 July Support is at 597, 592, and 586 July, and resistance is at 631, 659, and 672 July.

COT — Supplemental Report – Option and Futures Combined Positions as of May 17, 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 2,256,288
: Positions :
: 338,031 87,307 607,603 498,767 1,196,897 596,222 113,273 2,040,623 2,005,080: 215,665 251,208
: Changes from: May 10, 2022 (Change in open interest: 87,700) :
: 12,354 10,962 41,712 11,045 24,132 7,704 6,518 72,815 83,324: 14,884 4,376
: Percent of Open Interest Represented by Each Category of Trader :
: 15.0 3.9 26.9 22.1 53.0 26.4 5.0 90.4 88.9: 9.6 11.1
: Total Traders: 893 Number of Traders in Each Category :
: 228 109 210 359 451 53 28 720 727:
——————————————————————————————————————-

SOYBEANS
General Comments: Soybeans and Soybean Meal were higher as the US cash market needs some sales from producers. Soybean Oil was lower for the week despite news that Indonesia will allow exports of Palm Oil again starting Monday but now with a reserve requirement designed to keep the domestic market well supplied. There are still fears of a cooling economy and forecasts for much improved planting weather this week. Soybean Oil remains well supported as demand is holding strong amid very tight supplies of vegetable oils here and around the world. 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. 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: Egypt bought 130,000 tons of US Soybeans.
Chart Analysis: Trends in Soybeans are up with no objectives. Support is at 1645, 1640, and 1629 July, and resistance is at 1734, 1741, and 1760 July. Trends in Soybean Meal are up with objectives of 430.00, 432.00, and 442.00 July. Support is at 418.00, 408.00, and 406.00 July, and resistance is at 436.00 439.00, and 441.00 July. Trends in Soybean Oil are mixed to down with objectives of 7500 and 6950 July. Support is at 7860, 7700, and 7360 July, with resistance at 8250, 8460, and 8680 July.

COT — Supplemental Report – Option and Futures Combined Positions as of May 17, 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 920,248
: Positions :
: 128,469 46,227 220,565 268,669 505,227 242,424 60,999 860,127 833,018: 60,121 87,230
: Changes from: May 10, 2022 (Change in open interest: 24,425) :
: 12,511 -3,864 8,081 -933 8,594 3,696 11,915 23,356 24,725: 1,069 -300
: Percent of Open Interest Represented by Each Category of Trader :
: 14.0 5.0 24.0 29.2 54.9 26.3 6.6 93.5 90.5: 6.5 9.5
: Total Traders: 627 Number of Traders in Each Category :
: 173 94 175 202 266 55 26 498 509:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of May 17, 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 447,084
: Positions :
: 80,790 18,392 84,322 109,635 306,128 129,740 17,148 404,487 425,990: 42,598 21,095
: Changes from: May 10, 2022 (Change in open interest: 9,502) :
: -728 1,125 3,670 3,727 3,745 -578 627 6,091 9,167: 3,412 336
: Percent of Open Interest Represented by Each Category of Trader :
: 18.1 4.1 18.9 24.5 68.5 29.0 3.8 90.5 95.3: 9.5 4.7
: Total Traders: 275 Number of Traders in Each Category :
: 89 28 70 77 95 40 21 230 195:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of May 17, 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 413,267
: Positions :
: 50,791 27,768 69,956 112,897 278,378 123,533 11,915 357,178 388,017: 56,089 25,249
: Changes from: May 10, 2022 (Change in open interest: 3,408) :
: -7,778 2,317 3,772 5,898 -5,152 -4,073 1,085 -2,181 2,021: 5,590 1,387
: Percent of Open Interest Represented by Each Category of Trader :
: 12.3 6.7 16.9 27.3 67.4 29.9 2.9 86.4 93.9: 13.6 6.1
: Total Traders: 264 Number of Traders in Each Category :
: 63 37 58 96 101 38 12 226 183:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Palm Oil was higher Friday but lower for the week as Indonesia once again imposed a domestic sales policy on the market. Futures traded higher today on ideas of less Malaysian production due to worker shortages from Covid. The government is now imposing a domestic reserve on exporters. Some analysts think Palm Oil is topping out anyway due to reduced demand ideas. 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 higher on Friday along with Chicago and Malaysia. It is reported to be very dry and has been cold for planting but better planting weather is coming now. 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 1164.00, 1129.00, and 1126.00 July, with resistance at 1200.00, 1214.00, and 1219.00 July. Trends in Palm Oil are mixed. Support is at 5930, 5840, and 5780 August, with resistance at 6180, 6320, and 6340 August.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 17, 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 154,231 :
: Positions :
: 80,877 120,772 1,911 3,017 673 48,676 5,192 7,659 3,710 7,079 7,935 :
: Changes from: May 10, 2022 :
: -385 3,271 31 -113 7 223 -27 -28 1,525 -1,655 416 :
: Percent of Open Interest Represented by Each Category of Trader :
: 52.4 78.3 1.2 2.0 0.4 31.6 3.4 5.0 2.4 4.6 5.1 :
: Number of Traders in Each Category Total Traders: 314 :
: 49 68 4 5 . 64 10 18 55 88 44 :
—————————————————————————————————————-

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

US Gulf Cash Basis

Corn HRW SRW Soybeans Soybean Meal Soybean Oil
May
105 July
205 July
120 July
138 July

June
105 July
205 July
120 July
138 July

July
103 July
195 July
80 July
135 July

DJ ICE Canada Cash Grain Close – May 20
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 1157.00 7.00 July 2022 dn 2.10
Basis: Thunder Bay 1206.30 35.00 July 2022 up 21.30
Basis: Vancouver 1226.30 55.00 July 2022 up 21.30
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 – May 23
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
Jun 1682.50 +35.00 Unquoted – –
Jul/Aug/Sep 1517.50 +35.00 Unquoted – –
Oct/Nov/Dec 1442.50 +30.00 Unquoted –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Jun 1685.00 +35.00 Unquoted – –
Jul/Aug/Sep 1520.00 +35.00 Unquoted – –
Oct/Nov/Dec 1445.00 +30.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
June 1615.00 +55.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
June 1375.00 +15.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
May 6850.00 +100.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
June 430.00 +03.00 Unquoted – –
($1=MYR4.387)

DJ China Dalian Grain Futures Closing Prices, Volume – May 23
Soybean No. 1
Turnover: 102,172 lots, or .64 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-22 6,301 6,339 6,281 6,330 6,293 6,310 17 75,556 142,686
Sep-22 6,212 6,217 6,156 6,214 6,162 6,184 22 15,284 43,049
Nov-22 5,940 5,959 5,910 5,951 5,916 5,929 13 10,073 25,917
Jan-23 5,904 5,933 5,887 5,918 5,892 5,914 22 1,100 4,867
Mar-23 5,852 5,883 5,845 5,870 5,865 5,869 4 145 215
May-23 5,793 5,868 5,793 5,852 5,836 5,849 13 14 25
Corn
Turnover: 572,446 lots, or 17.08 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-22 2,958 2,958 2,933 2,935 2,948 2,944 -4 111,846 341,536
Sep-22 3,005 3,008 2,982 2,984 2,998 2,993 -5 407,377 1,247,421
Nov-22 2,974 2,978 2,958 2,958 2,971 2,967 -4 13,839 81,203
Jan-23 2,996 2,996 2,978 2,983 2,984 2,984 0 19,209 101,517
Mar-23 3,000 3,001 2,989 2,992 2,993 2,994 1 18,963 37,997
May-23 3,020 3,028 3,016 3,024 3,022 3,023 1 1,212 2,284
Soymeal
Turnover: 1,025,044 lots, or 42.65 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-22 4,250 4,325 4,238 4,250 4,251 4,268 17 84,100 194,816
Aug-22 4,268 4,348 4,262 4,280 4,267 4,298 31 37,123 171,257
Sep-22 4,155 4,245 4,154 4,188 4,155 4,195 40 703,374 1,399,257
Nov-22 4,054 4,140 4,053 4,096 4,047 4,099 52 25,764 94,927
Dec-22 4,008 4,080 4,005 4,070 3,997 4,050 53 13,869 35,644
Jan-23 3,930 4,013 3,923 3,964 3,919 3,963 44 144,767 308,946
Mar-23 3,773 3,849 3,773 3,810 3,767 3,814 47 8,890 19,278
May-23 3,676 3,739 3,665 3,687 3,671 3,694 23 7,157 9,390
Palm Oil
Turnover: 713,552 lots, or 83.59 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jun-22 14,100 14,386 14,036 14,360 13,994 14,246 252 826 2,286
Jul-22 12,700 12,972 12,684 12,884 12,488 12,832 344 27,175 58,610
Aug-22 12,052 12,214 11,996 12,144 11,780 12,110 330 7,270 36,612
Sep-22 11,616 11,798 11,580 11,716 11,442 11,688 246 641,799 344,425
Oct-22 11,406 11,558 11,358 11,484 11,208 11,458 250 10,971 24,160
Nov-22 11,200 11,384 11,188 11,316 11,046 11,286 240 6,716 9,733
Dec-22 – – – 11,038 10,914 11,038 124 0 126
Jan-23 11,008 11,136 10,920 11,040 10,856 11,026 170 17,940 57,440
Feb-23 – – – 10,928 10,670 10,928 258 0 60
Mar-23 11,682 11,682 10,816 10,822 10,674 10,940 266 8 151
Apr-23 10,748 10,866 10,748 10,830 10,708 10,822 114 9 110
May-23 10,702 10,780 10,660 10,738 10,558 10,724 166 838 998
Soybean Oil
Turnover: 491,198 lots, or 5.60 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-22 11,740 11,854 11,706 11,782 11,560 11,760 200 17,964 85,136
Aug-22 11,448 11,638 11,448 11,612 11,392 11,564 172 17,565 63,343
Sep-22 11,360 11,512 11,356 11,454 11,268 11,428 160 386,488 427,678
Nov-22 11,196 11,312 11,182 11,264 11,082 11,238 156 12,235 28,693
Dec-22 11,108 11,222 11,100 11,170 11,026 11,148 122 5,941 8,602
Jan-23 11,026 11,150 10,974 11,082 10,950 11,062 112 39,030 50,801
Mar-23 10,894 11,000 10,874 10,934 10,806 10,922 116 11,093 6,723
May-23 10,738 10,814 10,644 10,724 10,676 10,692 16 882 935
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