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 CBOT Delivery Intentions: Totals – Jul 5
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
ROUGH RICE July Jul 06, 2022 14 Jul 01, 2022
KC HRW WHEAT July Jul 06, 2022 1 May 20, 2022
WHEAT July Jul 06, 2022 60 Jun 30, 2022

DJ Canadian 2022/23 Principal Field Crop Area – StatsCan – Jul 5
WINNIPEG–Following is Statistics Canada’s 2022/23 estimates of
principal field crop area report. The figures are as of June
2022. Source: Statistics Canada.
2022/23 2022/23 2021/22
JUNE APRIL
Barley 7,044,700 7,491,200 8,295,800
Edible Beans 297,000 337,400 437,400
Canary Seed 291,300 267,700 314,000
Canola 21,415,500 20,896,500 22,478,500
Chickpeas 177,800 175,200 185,500
Corn for grain 3,633,400 3,714,700 3,491,500
Fababeans 72,300 84,600 133,200
Flaxseed 778,600 866,800 1,027,000
Hemp 76,900 50,600 68,700
Lentils 4,319,600 4,486,100 4,303,300
Mixed grains 341,800 339,100 327,700
Mustard seed 554,700 457,000 308,200
Oats 3,972,300 3,991,700 3,422,900
Peas, dry 3,368,100 3,551,000 3,819,500
Rye 586,500 589,300 608,000
Soybeans 5,274,200 5,357,500 5,321,300
Sugarbeets 45,200 42,900 46,300
Summerfallow 1,808,700 1,617,600 1,336,500
Sunflower seed 93,100 112,100 101,400
Total wheat* 25,395,200 25,031,000 23,359,700
Durum wheat 6,006,100 6,224,100 5,530,200
Spring wheat 18,211,700 17,634,000 16,480,900
Winter wheat 1,177,400 1,172,900 1,348,600
*Total wheat includes spring wheat, durum wheat, and winter
wheat remaining after winterkill
**Winter wheat remaining
Source: Commodity News Service Canada (news@marketsfarm.com, or
204-414-9084)

WHEAT
General Comments: Wheat markets were much lower last week as the Winter Wheat harvest is expanding through the Great Plains and Midwest. Trends are down in all three markets. Futures had a negative reaction to the quarterly stocks reports and also the planted area reports. Both showed figures that were a little above trade expectations with the quarterly stocks just above the trade guess at 660 million bushels and the planted area reports also just above the average trade guess at 47.1 million acres. The weekly export sales report sowed bad demand for US Wheat once again. Futures should form a harvest low earlier in the harvest due to the small crop size. Yield reports have been weakening in Kansas despite recent rains that have helped kernel size and test weight. Hot and dry weather is back for this week to southern areas while northern areas have more moderate weather. 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 past major heat waves and dry conditions.
Overnight News: The southern Great Plains should get mostly dry conditions or isolated showers. Temperatures should average above normal. Northern areas should see isolated to scattered showers. Temperatures will average near to below normal. The Canadian Prairies should see isolated to scattered showers. Temperatures should average near to above normal.
Chart Analysis: Trends in Chicago are down with objectives of 834 September. Support is at 839, 816, and 790 September, with resistance at 896, 900, and 940 September. Trends in Kansas City are down with no objectives. Support is at 875, 866, and 845 September, with resistance at 978, 988, and 1011 September. Trends in Minneapolis are down with no objectives. Support is at 922, 898, and 877 September, and resistance is at 987, 999, and 1049 September.

COT — Supplemental Report – Option and Futures Combined Positions as of June 28, 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 375,548
: Positions :
: 28,232 75,964 101,611 51,699 134,497 162,070 26,038 343,612 338,109: 31,937 37,439
: Changes from: June 21, 2022 (Change in open interest: -77,464) :
: -5,919 -558 -35,360 -16,816 -30,079 -14,802 -8,897 -72,897 -74,894: -4,567 -2,570
: Percent of Open Interest Represented by Each Category of Trader :
: 7.5 20.2 27.1 13.8 35.8 43.2 6.9 91.5 90.0: 8.5 10.0
: Total Traders: 319 Number of Traders in Each Category :
: 67 87 109 84 105 48 22 269 256:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of June 28, 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 171,480
: Positions :
: 22,026 22,792 32,132 37,543 89,375 60,201 4,840 151,901 149,138: 19,579 22,342
: Changes from: June 21, 2022 (Change in open interest: -28,385) :
: -2,065 796 -11,747 -4,926 -11,686 -7,413 -1,991 -26,150 -24,627: -2,235 -3,758
: Percent of Open Interest Represented by Each Category of Trader :
: 12.8 13.3 18.7 21.9 52.1 35.1 2.8 88.6 87.0: 11.4 13.0
: Total Traders: 208 Number of Traders in Each Category :
: 44 40 48 64 74 36 13 169 150:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of June 28, 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 67,349 :
: Positions :
: 35,473 47,667 1,414 1,032 70 9,869 1,783 936 4,401 1,341 3,967 :
: Changes from: June 21, 2022 :
: 3,610 -4,215 -693 -359 -271 -3,591 762 10 -57 88 -784 :
: Percent of Open Interest Represented by Each Category of Trader :
: 52.7 70.8 2.1 1.5 0.1 14.7 2.6 1.4 6.5 2.0 5.9 :
: Number of Traders in Each Category Total Traders: 100 :
: 44 43 . . . 14 8 7 11 5 11 :
—————————————————————————————————————-

RICE:
General Comments: Rice was lower on Friday but higher for the week and sideways trends held together in response to the USDA reports. USDA said that 2.343 million acres of all Rice were planted and that current stocks are now 56.6 million cwt. Both levels are below those of a year ago and should have been considered neutral to positive for prices. The speculators have been the best sellers lately even with perceived bullish fundamental news as many are worried about a world wide recession. The weekly export sales report showed poor demand. Growing conditions are said to be deteriorating due to hot and dry weather in Texas expanding to include Arkansas.
Overnight News: The Delta should get mostly dry conditions. Temperatures should be above normal.
Chart Analysis: Trends are mixed. Support is at 1636, 1604, and 1591 September and resistance is at 1663, 1693, and 1696 September.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of June 28, 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 9,726 :
: Positions :
: 4,481 6,514 185 0 0 991 531 2 713 999 805 :
: Changes from: June 21, 2022 :
: 50 -383 -14 0 0 -377 -60 2 65 68 -150 :
: Percent of Open Interest Represented by Each Category of Trader :
: 46.1 67.0 1.9 0.0 0.0 10.2 5.5 0.0 7.3 10.3 8.3 :
: Number of Traders in Each Category Total Traders: 53 :
: 18 16 . 0 0 7 . . 10 7 7 :
—————————————————————————————————————-

CORN AND OATS:
General Comments: Corn closed lower in response to the USDA reports and on some outlooks for less hot and still dry weather for the next few weeks. The reports showed more supplies on hand at 4.346 billion bushels and more planted area at 89.9 million acres than trade expectations. The weekly export sales report showed poor demand. Corn has emerged under what is considered good conditions but it has been hot in the Midwest. More moderate temperatures are forecast for the weekend and into next week, but then some forecasts call for hot and dry weather to return while others suggest more normal rainfall. Continued hot and dry weather could hurt yields down the road. Stress could start to develop if the hot and dry weather returns as forecast. Many think the top end of the yield has been taken off the Corn crop due to the delayed planting but others look at the crop condition rating and expect improved yields.
Overnight News:
Chart Analysis: Trends in Corn are down with objectives of 602 September. Support is at 611, 597, and 589 September, and resistance is at 645, 654, and 662 September. Trends in Oats are mixed. Support is at 497, 490, and 485 September, and resistance is at 522, 526, and 544 September.

COT — Supplemental Report – Option and Futures Combined Positions as of June 28, 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 1,855,971
: Positions :
: 212,262 73,825 507,086 442,377 952,308 516,791 92,078 1,678,515 1,625,297: 177,456 230,674
: Changes from: June 21, 2022 (Change in open interest: -343,833) :
: -42,814 -2,911 -128,165 -86,637 -148,149 -59,785 -42,218 -317,401 -321,444: -26,432 -22,389
: Percent of Open Interest Represented by Each Category of Trader :
: 11.4 4.0 27.3 23.8 51.3 27.8 5.0 90.4 87.6: 9.6 12.4
: Total Traders: 816 Number of Traders in Each Category :
: 182 95 200 380 418 55 28 700 672:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of June 28, 2022
: Reportable Positions :
:————————————————————————————————————- :
: Producer/Merchant : : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables :
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading :
—————————————————————————————————————-
OATS – CHICAGO BOARD OF TRADE (CONTRACTS OF 5,000 BUSHELS) :
CFTC Code #004603 Open Interest is 2,777 :
: Positions :
: 997 1,358 135 0 0 135 191 0 225 13 216 :
: Changes from: June 21, 2022 :
: . . . . . . . . . . . :
: Percent of Open Interest Represented by Each Category of Trader :
: 35.9 48.9 4.9 0.0 0.0 4.9 6.9 0.0 8.1 0.5 7.8 :
: Number of Traders in Each Category Total Traders: 21 :
: 8 7 . 0 0 . . 0 . . . :
—————————————————————————————————————-

SOYBEANS
General Comments: Soybeans and the products were sharply lower on Friday as warm and dry weather invades the US and as demand concerns hurt for both markets. A lot of the selling came from fears of a world recession in the short term. USDA found much higher quarterly stocks than anticipated by the trade at 971 million acres but found less planted area than trade expectations at 88.3 million acres. The weekly export sales report showed poor demand for all three markets. US cash market is still running low on Soybeans but there are still renewed Chinese lockdowns. There is less Chinese demand for Soy products due to the lockdowns there and China is starting to renew the lockdowns now as Covid cases have risen in number. 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.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed. Support is at 1495, 1491, and 1451 August, and resistance is at 1531, 1553, and 1573 August. Trends in Soybean Meal are mixed. Support is at 420.00, 414.00, and 407.00 July, and resistance is at 426.00 431.00, and 442.00 August. Trends in Soybean Oil are mixed. Support is at 6480, 6370, and 6300 August, with resistance at 6700, 6850, and 7030 August.

COT — Supplemental Report – Option and Futures Combined Positions as of June 28, 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 800,466
: Positions :
: 98,034 51,903 170,048 252,047 445,381 234,473 53,097 754,603 720,429: 45,863 80,037
: Changes from: June 21, 2022 (Change in open interest: -159,397) :
: -15,817 4,336 -59,589 -43,681 -86,270 -27,664 -11,764 -146,751 -153,286: -12,646 -6,111
: Percent of Open Interest Represented by Each Category of Trader :
: 12.2 6.5 21.2 31.5 55.6 29.3 6.6 94.3 90.0: 5.7 10.0
: Total Traders: 574 Number of Traders in Each Category :
: 127 107 145 201 254 58 28 462 467:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of June 28, 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 404,637
: Positions :
: 50,238 35,019 71,189 135,322 258,338 115,674 16,137 372,424 380,682: 32,213 23,955
: Changes from: June 21, 2022 (Change in open interest: -46,817) :
: -15,341 6,638 -17,588 -7,532 -31,436 -3,979 -4,398 -44,439 -46,785: -2,377 -32
: Percent of Open Interest Represented by Each Category of Trader :
: 12.4 8.7 17.6 33.4 63.8 28.6 4.0 92.0 94.1: 8.0 5.9
: Total Traders: 270 Number of Traders in Each Category :
: 65 46 68 78 90 46 20 222 198:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of June 28, 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 430,815
: Positions :
: 55,257 13,194 90,887 105,857 286,897 129,213 13,624 381,215 404,602: 49,600 26,213
: Changes from: June 21, 2022 (Change in open interest: -25,988) :
: -3,192 -3,074 -12,944 -7,010 -9,567 1,143 -404 -22,004 -25,989: -3,984 2
: Percent of Open Interest Represented by Each Category of Trader :
: 12.8 3.1 21.1 24.6 66.6 30.0 3.2 88.5 93.9: 11.5 6.1
: Total Traders: 281 Number of Traders in Each Category :
: 77 29 76 89 98 43 17 245 202:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Palm Oil closed the week lower although the market did trade sideways for much of the week. Export reports from the private sources are showing the weaker demand this month. 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. 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 last week along with other vegetable oils markets. Ideas of poor demand have hit this market as well as the others. 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. 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 844.00, 811.00, and 800.00 November, with resistance at 913.00, 937.00, and 977.00 July. Trends in Palm Oil are mixed. Support is at 4500, 4460, and 4400 September, with resistance at 4860, 5050, and 5090 September.

DJ Canadian Oilseeds Monthly Crush – Jul 5
Canadian oilseeds monthly crush – May 2022
WINNIPEG–Crushing statistics of major oilseeds in Canada
for the month of May 2022, reported by Statistics Canada are as
follows:
Figures are in metric tons.
Year Ago 2021/22 2020/21
Canola May 2022 May 2021 To Date To Date
Seed crushed 591,780 820,250 7,121,154 8,762,793
Oil produced 247,535 391,000 2,971,658 3,803,700
Meal produced 355,774 468,587 4,235,935 4,990,180
Soybeans
Seed crushed 161,424 108,072 1,548,716 1,390,387
Oil produced 30,266 20,488 287,499 258,285
Meal produced 123,437 85,220 1,197,722 1,083,379
Source: Commodity News Service Canada (news@marketsfarm.com, or
204-414-9084)

DJ Malaysia June Palm Oil Exports Fell 7.4% on Month, SGS Says
Malaysia’s palm oil exports for June are estimated to have fallen 7.4% from the previous month to 1,230,997 metric tons, cargo surveyor SGS (Malaysia) said Friday.
The following are the major items in the SGS estimate:
(All figures in metric tons)
June 1-30 May 1-31
RBD Palm Olein 368,412 403,621
RBD Palm Oil 170,240 114,627
RBD Palm Stearin 96,745 93,357
Crude Palm Oil 164,201 314,578
Total* 1,230,997 1,329,186
*Palm oil product volumes don’t add up to total as some products aren’t included
SGS Malaysia is a division of the Switzerland-based Societe Generale de Surveillance Group.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of June 28, 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 48,663 :
: Positions :
: 36,238 34,099 2,528 3,771 2,307 0 0 0 4,334 4,160 2,880 :
: Changes from: June 21, 2022 :
: -1,014 -109 540 60 140 -120 0 0 855 -260 -640 :
: Percent of Open Interest Represented by Each Category of Trader :
: 74.5 70.1 5.2 7.7 4.7 0.0 0.0 0.0 8.9 8.5 5.9 :
: Number of Traders in Each Category Total Traders: 21 :
: 6 8 . . . 0 0 0 4 . . :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of June 28, 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 145,748 :
: Positions :
: 109,145 104,801 1,571 3,774 276 12,335 6,802 8,539 1,678 8,165 10,909 :
: Changes from: June 21, 2022 :
: -2,190 -20,668 184 245 -125 -19,280 808 -937 112 -1,942 -2,260 :
: Percent of Open Interest Represented by Each Category of Trader :
: 74.9 71.9 1.1 2.6 0.2 8.5 4.7 5.9 1.2 5.6 7.5 :
: Number of Traders in Each Category Total Traders: 304 :
: 44 73 4 7 . 26 33 17 26 117 44 :
—————————————————————————————————————-

Midwest Weather Forecast:: Mostly dry or isolated showers today. Temperatures should average above normal.

US Gulf Cash Basis

Corn HRW SRW Soybeans Soybean Meal Soybean Oil
June
115 July
175 July
50 July
120 July

July
115 July
175 July
50 July
120 July

August
170 Sep
170 Sep
55 Sep
115 July

DJ ICE Canada Cash Grain Close – Jun 30
WINNIPEG–The following are the closing cash canola prices from
ICE Futures for June 30, 2022.
Source: ICE Futures
CANOLA
1 Canada NCC Best Bid
Spot Price Basis Contract Change
*Par Region 942.10 43.00 Jul 22 dn 8.50
Basis: Thunder Bay 913.50 35.00 Nov 22 dn 13.60
Basis: Vancouver 943.50 65.00 Nov 22 dn 13.60
*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 – July 5
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Tuesday, 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
Jul 1187.50 -60.00 Unquoted – –
Aug/Sep 1122.50 -65.00 Unquoted – –
Oct/Nov/Dec 1047.50 -50.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Jul 1190.00 -60.00 Unquoted – –
Aug/Sep 1125.00 -65.00 Unquoted – –
Oct/Nov/Dec 1050.00 -50.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Jul 1080.00 -50.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Jul 900.00 -30.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jul 4400.00 -300.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jul 280.00 -10.00 Unquoted – –
($1=MYR4.4175)

DJ China Dalian Grain Futures Closing Prices, Volume – Jul 05
Soybean No. 1
Turnover: 102,254 lots, or 5.97 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-22 – – – 5,955 5,955 5,955 0 0 3,409
Sep-22 5,854 5,892 5,814 5,867 5,850 5,856 6 82,146 129,145
Nov-22 5,778 5,778 5,718 5,726 5,757 5,746 -11 17,683 36,008
Jan-23 5,705 5,742 5,666 5,717 5,718 5,715 -3 2,365 6,638
Mar-23 5,680 5,708 5,660 5,674 5,701 5,681 -20 30 167
May-23 5,701 5,722 5,671 5,671 5,716 5,687 -29 30 263
Corn
Turnover: 449,530 lots, or 1.22 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-22 2,677 2,677 2,653 2,657 2,687 2,670 -17 1,052 8,264
Sep-22 2,719 2,721 2,684 2,691 2,707 2,703 -4 325,721 1,146,475
Nov-22 2,730 2,734 2,698 2,706 2,723 2,716 -7 35,784 125,940
Jan-23 2,735 2,739 2,702 2,708 2,728 2,720 -8 74,230 233,834
Mar-23 2,744 2,744 2,705 2,710 2,728 2,723 -5 10,245 93,157
May-23 2,776 2,780 2,746 2,754 2,768 2,763 -5 2,498 11,098
Soymeal
Turnover: 1,206,158 lots, or 45.58 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-22 – – – 4,039 4,108 4,039 -69 0 3,353
Aug-22 3,987 4,018 3,925 3,990 3,955 3,978 23 38,457 48,324
Sep-22 3,837 3,875 3,781 3,835 3,816 3,833 17 855,391 985,406
Nov-22 3,756 3,795 3,710 3,756 3,760 3,757 -3 41,622 199,481
Dec-22 3,685 3,718 3,639 3,677 3,687 3,681 -6 15,401 84,021
Jan-23 3,601 3,632 3,553 3,582 3,609 3,596 -13 225,587 556,291
Mar-23 3,495 3,516 3,450 3,465 3,494 3,478 -16 12,171 52,105
May-23 3,395 3,413 3,346 3,374 3,389 3,379 -10 17,529 68,722
Palm Oil
Turnover: 1,272,660 lots, or 10.98 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-22 9,710 9,710 9,204 9,660 9,702 9,628 -74 42 1,589
Aug-22 9,080 9,144 8,734 8,796 9,198 8,938 -260 28,034 15,778
Sep-22 8,788 8,834 8,380 8,444 8,898 8,626 -272 1,134,633 363,471
Oct-22 8,680 8,782 8,318 8,378 8,838 8,562 -276 14,295 52,437
Nov-22 8,600 8,766 8,314 8,356 8,822 8,540 -282 10,935 37,875
Dec-22 8,620 8,726 8,300 8,370 8,800 8,538 -262 9,656 22,169
Jan-23 8,550 8,716 8,296 8,340 8,760 8,514 -246 65,146 87,456
Feb-23 8,694 8,732 8,338 8,380 8,778 8,552 -226 8,799 5,182
Mar-23 8,618 8,732 8,384 8,384 8,912 8,598 -314 35 262
Apr-23 8,586 8,586 8,418 8,418 8,866 8,474 -392 3 103
May-23 8,700 8,764 8,408 8,434 8,808 8,566 -242 1,078 7,238
Jun-23 8,700 8,700 8,570 8,570 8,762 8,626 -136 4 9
Soybean Oil
Turnover: 984,975 lots, or 92.93 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-22 – – – 9,418 9,928 9,418 -510 0 807
Aug-22 9,792 9,802 9,360 9,400 9,822 9,638 -184 10,909 17,949
Sep-22 9,680 9,712 9,192 9,234 9,722 9,442 -280 865,397 325,161
Nov-22 9,650 9,680 9,160 9,182 9,700 9,402 -298 12,939 79,144
Dec-22 9,628 9,644 9,142 9,160 9,680 9,374 -306 8,600 40,829
Jan-23 9,520 9,622 9,112 9,128 9,656 9,352 -304 77,887 145,323
Mar-23 9,504 9,520 9,060 9,076 9,570 9,260 -310 7,024 29,833
May-23 9,246 9,246 8,850 8,892 9,302 9,036 -266 2,219 13,769
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