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

WHEAT
General Comments: Winter Wheat markets were lower last week as the focus remained on Russia and its offer to allow ships into Ukrainian ports to take grain. USDA noted mostly stable conditions for the Winter Wheat crops yesterday but noted Spring Wheat planting remained far behind average. The Winter Wheat harvest is underway in the US. The government in Russia said again that it was willing to discuss terms with the west for shipments of Ukraine grain to get safe passage, but ideas are that the terms Russia will ask for will be so onerous that they will be rejected. The UN said negotiations are making progress but there was still a long way to go before any deal could be concluded. Minneapolis Spring Wheat futures were lower in sympathy with the Winter Wheat markets but the weather remained bad for planting in the northern Great Plains and the Canadian Prairies. It is dry today but there have been several days of rain in both states this week. The US western Great Plains got some rainfall and the rains fell in some of the areas most in need of some precipitation. It is turning warmer and drier farther north to give hope to Spring Wheat farmers that they can plant crops. Europe is too hot and dry and India and Pakistan are both getting major heat waves and dry conditions. 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.
Overnight News: The southern Great Plains should get scattered showers. Temperatures should average near to below normal. Northern areas should see isolated to scattered showers. Temperatures will average below normal. The Canadian Prairies should see isolated showers in eastern areas. Temperatures should average near to below normal.
Chart Analysis: Trends in Chicago are down with objectives of 1026 July. Support is at 1023, 1018, and 981 July, with resistance at 1090, 1115, and 1134 July. Trends in Kansas City are down with objectives of 1094 July. Support is at 1113, 1087, and 10568 July, with resistance at 1192, 1213, and 1257 July. Trends in Minneapolis are down with objectives of 1176 July. Support is at 1180, 1155, and 1130 July, and resistance is at 1239, 1256, and 1288 July.

COT — Supplemental Report – Option and Futures Combined Positions as of May 31, 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 454,385
: Positions :
: 46,659 80,730 141,346 51,131 163,605 178,956 28,959 418,092 414,639: 36,294 39,746
: Changes from: May 24, 2022 (Change in open interest: 692) :
: -3,136 -643 3,169 3,715 -3,659 -2,438 908 1,310 -226: -617 918
: Percent of Open Interest Represented by Each Category of Trader :
: 10.3 17.8 31.1 11.3 36.0 39.4 6.4 92.0 91.3: 8.0 8.7
: Total Traders: 361 Number of Traders in Each Category :
: 91 90 127 78 115 50 25 294 289:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of May 31, 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 205,209
: Positions :
: 28,856 19,290 46,470 35,887 108,613 70,174 7,281 181,386 181,654: 23,823 23,554
: Changes from: May 24, 2022 (Change in open interest: 1,453) :
: -2,322 484 3,098 1,435 -3,190 -367 610 1,843 1,001: -389 452
: Percent of Open Interest Represented by Each Category of Trader :
: 14.1 9.4 22.6 17.5 52.9 34.2 3.5 88.4 88.5: 11.6 11.5
: Total Traders: 232 Number of Traders in Each Category :
: 61 34 60 68 83 36 16 190 171:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 31, 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 77,337 :
: Positions :
: 32,036 58,529 2,072 1,177 425 16,501 978 1,492 5,190 616 3,665 :
: Changes from: May 24, 2022 :
: -676 -1,170 46 -18 18 65 -227 278 -329 259 19 :
: Percent of Open Interest Represented by Each Category of Trader :
: 41.4 75.7 2.7 1.5 0.5 21.3 1.3 1.9 6.7 0.8 4.7 :
: Number of Traders in Each Category Total Traders: 109 :
: 47 44 7 . 4 22 4 9 7 6 8 :
—————————————————————————————————————-

RICE:
General Comments: Rice was lower again Friday and lower for the week on follow through selling from the good progress and condition of the crops shown by USDA in the Tuesday reports. Growing conditions are said to be good. There are still ideas of less production of US Rice this year but the good conditions are starting to limit loss ideas. Trends are trying to turn up on the daily charts but are still mixed overall. The planting pace is 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. The export sales reports in recent weeks have shown less demand. It was hot and dry in India and it is possible that Rice production will be affected. Isolated showers and cooler temperatures are now reported. 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.
Overnight News: The Delta should get isolated showers. Temperatures should be near to above normal.
Chart Analysis: Trends are mixed. Support is at 1672, 1661, and 1628 July and resistance is at 1718, 1741, and 1768 July.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 31, 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 12,419 :
: Positions :
: 4,948 8,845 268 0 0 2,148 588 0 947 971 1,071 :
: Changes from: May 24, 2022 :
: -93 95 -7 0 0 265 41 -9 302 -2 5 :
: Percent of Open Interest Represented by Each Category of Trader :
: 39.8 71.2 2.2 0.0 0.0 17.3 4.7 0.0 7.6 7.8 8.6 :
: Number of Traders in Each Category Total Traders: 63 :
: 17 15 . 0 0 15 . 0 12 7 9 :
—————————————————————————————————————-

CORN AND OATS:
General Comments: Corn and Oats were both lower last week as the US crops got into the ground and emerged under what was considered good conditions . The government in Russia said again that it was willing to discuss terms with the west for shipments of Ukraine grain to get safe passage, but ideas are that the terms Russia will ask for will be so onerous that they will be rejected. The UN said it is negotiating with Russia and progress is being made but that any deal was still far away. USDA noted that planting progress for US crops is almost average. The areas left to be planted are primarily in the Dakotas and might not get planted as the insurance planting dates have passed. The risk to plant now would be much higher without the insurance and the high costs of inputs. There are also pockets of area left to be planted in the big production states. The weather was variable last week with periods of rain and very cool temperatures and then warm and dry conditions and more of the same is expected this week. 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 down with objectives of 711 July. Support is at 721, 715, and 686 July, and resistance is at 741, 755, and 761 July. Trends in Oats are mixed to down with objectives of 601, 573, and 571 July. Support is at 644, 625, and 607 July, and resistance is at 680, 685, and 708 July.

COT — Supplemental Report – Option and Futures Combined Positions as of May 31, 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 2,212,940
: Positions :
: 297,424 104,905 631,486 506,691 1,123,506 572,524 105,424 2,008,125 1,965,321: 204,815 247,619
: Changes from: May 24, 2022 (Change in open interest: 24,795) :
: -7,278 4,699 38,072 4,942 -13,941 -9,190 490 26,546 29,320: -1,751 -4,525
: Percent of Open Interest Represented by Each Category of Trader :
: 13.4 4.7 28.5 22.9 50.8 25.9 4.8 90.7 88.8: 9.3 11.2
: Total Traders: 887 Number of Traders in Each Category :
: 213 110 210 380 451 53 31 734 726:
——————————————————————————————————————-

SOYBEANS
General Comments: Soybeans and Soybean Meal were lower last week but Soybeans are holding overall as the US cash market runs low on Soybeans and farmers are reluctant sellers. Soybean Oil found support in part from talk that President Biden plans to retroactively increase bio fuels use to help bring down the prices of Crude Oil and petroleum products. There is less Chinese demand for Soy products due to the lockdowns there although China did buy US Soybeans yesterday. Soybean Oil is not going to restaurants as quickly as in the past due to Covid lockdowns and Meal demand is down as well as less meat is being produced for the same reason. There are still fears of a cooling economy and forecasts for much improved planting weather this week as the weather will be warm and dry, then rainy and cooler. The export sales report was not strong. 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 and these ideas got some confirmation last week as the economic numbers from China indicate the potential for a shrinking economy.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed. Support is at 1674, 1665, and 1645 July, and resistance is at 1741, 1749, and 1768 July. Trends in Soybean Meal are down with objectives of 408.00 and 390.00 July. Support is at 408.00, 406.00, and 395.00 July, and resistance is at 420.00 426.00, and 429.00 July. Trends in Soybean Oil are mixed to up with objectives of 8500, and 8680 July. Support is at 8030, 7650, and 7500 July, with resistance at 8250, 8460, and 8680 July.

COT — Supplemental Report – Option and Futures Combined Positions as of May 31, 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 963,118
: Positions :
: 139,283 48,970 235,466 277,032 528,793 251,584 60,824 903,365 874,052: 59,753 89,066
: Changes from: May 24, 2022 (Change in open interest: 30,125) :
: 4,104 3,812 13,819 10,096 12,680 2,012 732 30,031 31,043: 94 -918
: Percent of Open Interest Represented by Each Category of Trader :
: 14.5 5.1 24.4 28.8 54.9 26.1 6.3 93.8 90.8: 6.2 9.2
: Total Traders: 643 Number of Traders in Each Category :
: 176 107 180 198 273 56 28 506 527:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of May 31, 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 446,521
: Positions :
: 72,832 28,685 95,231 115,194 285,589 125,299 16,656 408,555 426,161: 37,966 20,360
: Changes from: May 24, 2022 (Change in open interest: 10,063) :
: -2,118 2,248 8,505 4,141 -3,725 -203 1,370 10,326 8,399: -263 1,665
: Percent of Open Interest Represented by Each Category of Trader :
: 16.3 6.4 21.3 25.8 64.0 28.1 3.7 91.5 95.4: 8.5 4.6
: Total Traders: 283 Number of Traders in Each Category :
: 78 45 78 79 96 42 21 237 206:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of May 31, 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 418,915
: Positions :
: 56,028 23,512 80,807 101,814 279,209 125,391 12,075 364,040 395,603: 54,875 23,313
: Changes from: May 24, 2022 (Change in open interest: 13,000) :
: 2,139 5,198 12,177 -3,921 -3,309 2,683 1,020 13,078 15,086: -77 -2,085
: Percent of Open Interest Represented by Each Category of Trader :
: 13.4 5.6 19.3 24.3 66.7 29.9 2.9 86.9 94.4: 13.1 5.6
: Total Traders: 272 Number of Traders in Each Category :
: 69 37 71 86 100 39 14 232 196:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Palm Oil was a little lower last week despite ideas of less Malaysian production due to worker shortages from Covid and on the potential for strong exports for the month from Malaysia. The market was closed today for a holiday. The Indonesian government is now imposing a domestic reserve on exporters to limit export sales. Some analysts think Palm Oil is topping out anyway due to reduced demand ideas. Hopes for better demand from India keep the market supported, but Chinese demand could be less. 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 sharply lower last week despite the strength in Chicago. The crops are going in the ground and the growing conditions are much improved. It is reported to be very dry and has been cold for planting but better planting weather is coming now as it is now much warmer. 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. Demand remains a problem as Canola is high priced but the diplomatic spat with China over the arrested Huawei executive seems to be in the past now.
Overnight News:
Chart Analysis: Trends in Canola are mixed. Support is at 1126.00, 1122.00, and 1108.00 July, with resistance at 1177.00, 1195.00, and 1200.00 July. Trends in Palm Oil are mixed. Support is at 6030, 5830, and 5700 September, with resistance at 6450, 6640, and 6760 September.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 31, 2022
: Reportable Positions :
:————————————————————————————————————- :
: Producer/Merchant : : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables :
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading :
—————————————————————————————————————-
USD Malaysian Crude Palm Oil C – CHICAGO MERCANTILE EXCHANGE (CONTRACTS OF 25 METRIC TONS) :
CFTC Code #037021 Open Interest is 45,895 :
: Positions :
: 36,892 33,354 1,812 5,723 1,178 160 0 0 4,197 4,200 1,060 :
: Changes from: May 24, 2022 :
: 480 278 40 120 -40 40 0 0 118 40 0 :
: Percent of Open Interest Represented by Each Category of Trader :
: 80.4 72.7 3.9 12.5 2.6 0.3 0.0 0.0 9.1 9.2 2.3 :
: Number of Traders in Each Category Total Traders: 20 :
: 5 8 . . . . 0 0 . 4 . :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 31, 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 162,797 :
: Positions :
: 90,398 126,282 1,515 3,129 680 47,121 5,482 8,138 2,752 7,469 9,598 :
: Changes from: May 24, 2022 :
: 2,875 1,673 -391 -2 6 1,000 474 822 -716 555 -591 :
: Percent of Open Interest Represented by Each Category of Trader :
: 55.5 77.6 0.9 1.9 0.4 28.9 3.4 5.0 1.7 4.6 5.9 :
: Number of Traders in Each Category Total Traders: 317 :
: 48 70 4 5 . 62 9 17 51 97 47 :
—————————————————————————————————————-

Midwest Weather Forecast:: Scattered showers and storms. Temperatures should average near to below normal.

US Gulf Cash Basis

Corn HRW SRW Soybeans Soybean Meal Soybean Oil
May
103 July
195 July
120 July
146 July

June
103 July
195 July
120 July
146 July

July
97 July
175 July
80 July
158 July

DJ ICE Canada Cash Grain Close – Jun 3
WINNIPEG–The following are the closing cash canola prices from
ICE Futures for June 3, 2022.
Source: ICE Futures
CANOLA
1 Canada NCC Best Bid
Spot Price Basis Contract Change
*Par Region 1,186.40 44.50 Jul 22 dn 13.40
Basis: Thunder Bay 1,153.80 45.00 Jul 22 dn 33.10
Basis: Vancouver 1,173.80 65.00 Jul 22 dn 33.10
*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 – June 3
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Friday, 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 1687.50 -15.00 Unquoted – –
Jul/Aug/Sep 1577.50 +10.00 Unquoted – –
Oct/Nov/Dec 1467.50 00.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Jun 1690.00 -15.00 Unquoted – –
Jul/Aug/Sep 1580.00 +10.00 Unquoted – –
Oct/Nov/Dec 1470.00 00.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
June 1610.00 -05.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
June 1320.00 -30.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
June 6800.00 -50.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
June 404.00 00.00 Unquoted – –
($1=MYR4.387)

DJ China Dalian Grain Futures Closing Prices, Volume – Jun 06
Soybean No. 1
Turnover: 91,841 lots, or 5.74 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-22 6,337 6,372 6,269 6,271 6,331 6,304 -27 58,487 94,790
Sep-22 6,298 6,298 6,192 6,200 6,245 6,231 -14 23,749 57,504
Nov-22 6,067 6,067 5,991 6,004 6,038 6,014 -24 9,268 30,464
Jan-23 6,032 6,032 5,963 5,972 6,005 5,981 -24 314 5,151
Mar-23 5,966 5,966 5,945 5,945 5,974 5,954 -20 11 112
May-23 5,969 5,969 5,953 5,953 5,977 5,964 -13 12 67
Corn
Turnover: 357,180 lots, or 10.32 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-22 2,850 2,856 2,839 2,845 2,837 2,848 11 34,717 193,711
Sep-22 2,885 2,902 2,884 2,891 2,877 2,893 16 269,247 1,296,503
Nov-22 2,891 2,909 2,889 2,897 2,885 2,897 12 12,923 110,505
Jan-23 2,906 2,915 2,892 2,899 2,893 2,901 8 26,657 125,235
Mar-23 2,906 2,920 2,898 2,903 2,902 2,907 5 12,502 69,555
May-23 2,947 2,960 2,930 2,936 2,936 2,945 9 1,134 7,211
Soymeal
Turnover: 509,068 lots, or 20.93 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-22 4,244 4,264 4,220 4,221 4,200 4,243 43 16,588 79,890
Aug-22 4,261 4,300 4,253 4,258 4,235 4,276 41 17,931 207,092
Sep-22 4,188 4,196 4,141 4,146 4,134 4,166 32 356,132 1,232,665
Nov-22 4,075 4,089 4,047 4,051 4,032 4,063 31 18,633 131,218
Dec-22 3,988 4,010 3,967 3,979 3,963 3,984 21 10,305 56,890
Jan-23 3,890 3,916 3,874 3,884 3,869 3,891 22 72,960 365,665
Mar-23 3,758 3,774 3,706 3,724 3,723 3,736 13 12,175 29,358
May-23 3,617 3,638 3,604 3,607 3,604 3,616 12 4,344 49,060
Palm Oil
Turnover: 495,497 lots, or 59.82 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jun-22 15,950 15,990 15,900 15,950 16,142 15,934 -208 13 240
Jul-22 13,980 14,150 13,886 13,910 13,866 13,990 124 16,946 24,924
Aug-22 12,998 12,998 12,700 12,792 12,666 12,794 128 10,773 54,202
Sep-22 12,182 12,200 11,914 12,080 11,954 12,046 92 428,934 386,357
Oct-22 11,928 11,928 11,604 11,768 11,646 11,696 50 7,917 36,866
Nov-22 11,608 11,644 11,396 11,564 11,426 11,480 54 7,041 20,296
Dec-22 11,302 11,460 11,208 11,394 11,256 11,306 50 2,911 2,308
Jan-23 11,230 11,286 11,036 11,218 11,044 11,168 124 19,667 63,777
Feb-23 11,072 11,148 11,072 11,148 10,834 11,122 288 4 58
Mar-23 11,016 11,016 11,008 11,008 10,888 11,012 124 2 146
Apr-23 10,946 10,946 10,866 10,866 10,776 10,898 122 4 104
May-23 10,850 10,850 10,600 10,730 10,620 10,710 90 1,285 4,263
Soybean Oil
Turnover: 388,656 lots, or 45.90 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-22 12,400 12,400 12,168 12,278 12,044 12,266 222 4,142 16,325
Aug-22 12,146 12,146 11,976 12,086 11,908 12,036 128 7,484 73,181
Sep-22 11,900 11,952 11,794 11,906 11,730 11,872 142 314,071 454,989
Nov-22 11,748 11,762 11,562 11,666 11,504 11,626 122 13,955 47,802
Dec-22 11,588 11,598 11,456 11,570 11,390 11,508 118 10,836 15,662
Jan-23 11,440 11,488 11,340 11,450 11,270 11,410 140 28,372 73,557
Mar-23 11,212 11,304 11,100 11,128 11,040 11,154 114 8,628 13,779
May-23 10,864 10,864 10,744 10,790 10,700 10,786 86 1,168 6,760
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