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 Canadian Grain Handling Summary – Aug 26
Winnipeg — The following are Canadian grain handling summary statistics for
the week ended Aug. 21, 2022. Figures in thousands of metric tons. Source:
Canadian Grain Commission.
Wheat Durum Oats Barley Flax Canola Peas Corn Total
COMMERCIAL STOCKS
This Week 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Year Ago 2339.2 847.5 298.7 525.5 75.1 1689.8 373.1 90.8 6966.0
PRODUCER DELIVERIE
This Week 169.3 26.1 19.7 25.9 2.3 148.2 67.3 6.6 550.0
Week Ago 482.6 101.9 63.9 88.6 5.5 404.9 281.2 31.3 1671.6
To Date 767.8 93.4 142.3 214.0 4.2 324.2 523.6 14.7 2273.1
Year Ago 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
TERMINAL RECEIPTS
This Week 336.1 58.7 0.1 0.3 0.0 43.2 3.7 3.5 471.1
Week Ago 969.2 164.5 0.4 2.5 0.0 101.5 16.4 48.8 1380.3
To Date 1285.4 188.0 39.9 0.3 0.7 175.2 56.9 25.4 1818.5
Year Ago 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
EXPORTS
This Week 298.4 58.8 8.9 6.3 0.7 2.9 1.5 9.7 393.8
Week Ago 662.8 109.7 29.9 65.5 2.1 75.2 4.5 45.6 1041.9
To Date 979.5 258.5 84.9 2.3 5.1 184.1 12.8 0.0 1554.6
Year Ago 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
DOMESTIC DISAPPEARANCE
This Week 62.3 2.7 17.5 27.4 0.9 174.6 3.1 42.1 346.6
Week Ago 207.6 49.4 45.0 80.8 3.9 493.5 10.2 132.5 1107.0
To Date 276.5 11.4 43.4 66.4 2.1 515.0 12.4 48.7 1039.9
Year Ago 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Source: Commodity News Service Canada
(news@marketsfarm.com, 204-414-9084, or cell
204-782-5944)

DJ Statistics Canada Crop Production Report – Aug 29
WINNIPEG – Canada 2022/23 grain/oilseed production estimates.
The results were compiled using model-based data. Source:
Statistics Canada. Production in thousand metric tons, yield in
kg/hectare, area harvested in thousand hectares.
Harvested Avg Production
area yield 2022-23 2021-22
JUL FINAL
barley 2,561.8 3,648 9,345.9 6,958.6
edible beans 113.0 2,446 276.3 385.9
canaryseed 106.6 1,316 140.3 128.8
canola 8,580.2 2,273 19,498.5 13,757.4
chickpeas 69.8 1,917 133.8 76.2
corn 1,440.7 10,290 14,824.6 13,983.9
faba beans N/A N/A N/A 72.9
flaxseed 303.1 1,609 487.7 345.7
lentils 1,723.7 1,686 2,906.2 1,606.4
mixed grains N/A N/A N/A 164.0
mustard 213.5 917 195.7 60.5
oats 1,300.7 3,437 4,470.7 2,808.1
dry peas 1,328.3 2,718 3,610.1 2,257.8
fall rye* 143.2 3,125 447.5 472.8
soybeans 2,096.5 3,044 6,381.8 6,271.8
sugar beets N/A N/A N/A 1,402.2
sunflower seed 32.9 1,884 62.0 81.7
triticale N/A N/A N/A 39.1
all wheat 10,058.6 3,437 34,572.0 22,296.1
durum wheat 2,371.5 2,729 6,472.7 3,038.3
spring wheat 7,219.2 3,541 25,564.9 16,250.4
winter wheat* 467.9 5,417 2,534.4 3,007.4
*Fall rye and winter wheat numbers represent what was remaining
after winterkill.
Source: Commodity News Service Canada (news@marketsfarm.com, or
204-414-9084)

WHEAT
General Comments: Wheat markets were higher on Friday and for the week but held to recent trading ranges as the harvest for Winter Wheat wraps up and as the Spring Wheat harvest expands. Demand needs to improve as export sales have not been strong for the last year despite weaker production for much of the world and the war in Ukraine that has held up shipments of Wheat from there and from Russia until recently. The markets remain affected by the war in Ukraine and the chances for increased exports from both Ukraine and Russia. Those chances are very strong right now. Russia reports that it has produced a big crop and has reduced export taxes recently in an effort to get Wheat sales on the books. Ukraine has taken advantage of the shipping corridor agreement with the UN and Russia and has been shipping Corn and Wheat. Europe is too hot and dry and the US central and southern Great Plains have also been too hot and dry. Dry weather is affecting the Indian production as well.
Overnight News: The southern Great Plains should get isolated showers. Temperatures should average near to above normal. Northern areas should see isolated showers. Temperatures will average above normal. The Canadian Prairies should see isolated showers. Temperatures should average near to above normal.
Chart Analysis: Trends in Chicago are mixed. Support is at 757, 744, and 727 September, with resistance at 824, 846, and 854 September. Trends in Kansas City are mixed. Support is at 847, 830, and 820 September, with resistance at 907, 915, and 948 September. Trends in Minneapolis are mixed. Support is at 878, 865, and 852 September, and resistance is at 918, 922, and 947 September.

COT — Supplemental Report – Option and Futures Combined Positions as of August 23, 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 432,194
: Positions :
: 33,411 93,971 135,192 70,773 125,359 157,041 39,080 396,416 393,602: 35,778 38,592
: Changes from: August 16, 2022 (Change in open interest: 11,867) :
: -499 4,070 7,129 803 -2,832 3,240 3,871 10,672 12,237: 1,194 -370
: Percent of Open Interest Represented by Each Category of Trader :
: 7.7 21.7 31.3 16.4 29.0 36.3 9.0 91.7 91.1: 8.3 8.9
: Total Traders: 339 Number of Traders in Each Category :
: 84 81 112 91 101 49 29 284 273:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of August 23, 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 176,942
: Positions :
: 23,252 34,950 31,425 42,538 81,958 59,452 8,446 156,668 156,780: 20,275 20,163
: Changes from: August 16, 2022 (Change in open interest: 2,405) :
: 4,195 950 1,262 503 3,380 -836 -843 5,124 4,750: -2,718 -2,344
: Percent of Open Interest Represented by Each Category of Trader :
: 13.1 19.8 17.8 24.0 46.3 33.6 4.8 88.5 88.6: 11.5 11.4
: Total Traders: 209 Number of Traders in Each Category :
: 36 39 50 69 75 38 19 171 159:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 23, 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 57,943 :
: Positions :
: 32,261 32,094 2,381 875 74 2,998 4,462 2,826 3,072 581 5,157 :
: Changes from: August 16, 2022 :
: -1,705 -2,729 -194 0 23 -22 685 396 -297 -253 281 :
: Percent of Open Interest Represented by Each Category of Trader :
: 55.7 55.4 4.1 1.5 0.1 5.2 7.7 4.9 5.3 1.0 8.9 :
: Number of Traders in Each Category Total Traders: 89 :
: 45 39 4 . . 4 10 7 7 6 11 :
—————————————————————————————————————-

RICE:
General Comments: Rice was higher Friday in choppy trading. The charts are in mostly a sideways mode but appear to have rejected a move to lower prices. The Texas harvest is in full force and yield reports have been variable as have been quality reports. Some producers are getting done with harvesting in Texas as well as in southern Louisiana Yield reports have been generally good in Louisiana and quality reports are generally good. Trends are turning up on the daily charts. Crop conditions are mostly good to excellent for now in Arkansas and Mississippi.
Overnight News: The Delta should get mostly dry conditions. Temperatures should be above normal.
Chart Analysis: Trends are mixed. Support is at 1707, 1695, and 1685 September and resistance is at 1733, 1747, and 1754 September.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 23, 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 9,751 :
: Positions :
: 4,247 6,957 184 0 0 1,704 807 0 878 321 905 :
: Changes from: August 16, 2022 :
: -108 2 -4 0 0 -97 35 0 252 -211 39 :
: Percent of Open Interest Represented by Each Category of Trader :
: 43.6 71.3 1.9 0.0 0.0 17.5 8.3 0.0 9.0 3.3 9.3 :
: Number of Traders in Each Category Total Traders: 53 :
: 16 18 . 0 0 9 . 0 8 6 6 :
—————————————————————————————————————-

CORN AND OATS:
General Comments: Corn closed higher in anticipation of bullish production estimates from Pro Farmer and on talk that China is about to end its zero tolerance Covid policy and start to reopen the economy. That could mean new Corn demand for the market. This talk has not been confirmed. Corn followed Soybeans and Wheat higher. South Dakota yield potential was rated as below last year and the five year average. The crop tour rated Nebraska and Indiana at below last year and the average as well. Iowa crops were also below the three year average and last year. The eastern leg of the tour found above average yield potential in Ohio and parts of eastern Indiana but below average yield potential for Indiana as a whole. Illinois crops were below last year but above the three year average. Minnesota crops were rated above last year and the three year average and was the only state to be so rated. The Pro Farmer national Corn yield was estimated at 168.1 bushels per acre Basis levels in the Midwest are strong amid light farm selling. It is still very hot and dry in parts of China and there is increasing concern about Corn production there this year. It has also been very hot and dry in Europe.
Overnight News:
Chart Analysis: Trends in Corn are mixed to up with objectives of 710 September. Support is at 654, 640, and 632 September, and resistance is at 676, 684, and 6390 September. Trends in Oats are mixed to down with objectives of 282 September. Support is at 404, 398, and 392 September, and resistance is at 430, 432, and 443 September.

COT — Supplemental Report – Option and Futures Combined Positions as of August 23, 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 1,848,801
: Positions :
: 211,672 90,758 524,352 470,669 909,837 471,938 98,118 1,678,631 1,623,065: 170,170 225,737
: Changes from: August 16, 2022 (Change in open interest: 45,554) :
: 26,721 -23,470 19,424 -19,529 32,429 15,353 13,922 41,969 42,306: 3,585 3,248
: Percent of Open Interest Represented by Each Category of Trader :
: 11.4 4.9 28.4 25.5 49.2 25.5 5.3 90.8 87.8: 9.2 12.2
: Total Traders: 806 Number of Traders in Each Category :
: 169 98 202 375 423 53 30 686 678:
——————————————————————————————————————-

SOYBEANS
General Comments: Soybeans and the products were higher on Friday and for the week. Worse than expected crop condition ratings posted by USDA as well as the crop tour results from the Pro Farmer crop tour remain the best support for futures. The tour does not predict yields for Soybeans, but it does count pods in a 3 foot by 3 foot square. The counts showed potential for poor crops in South Dakota but above average crops in Ohio and parts of eastern Indiana. Tour participants rated the Soybeans counts in Nebraska as below last year but in line with the three year average. Iowa crops were also below last year and the three year average. Indiana counts were below last year and the three year average. Illinois crops were below last year but above the three year average. Minnesota crops were rated above last year and the three year average and were the only crops so rated. The national yield estimate from Pro Farmer was 51.7 bushels per acre. Basis levels are still strong in the Midwest as demand has been very strong with the purchase of over 500,000 tons of new crop Soybeans by the Chinese last week. There are still renewed Chinese lockdowns and there are fears that China has been importing less as a result. However, there was talk on Friday that the Chinese government is about to lift controls and end its zero tolerance policy to create new economic growth. This talk has not been confirmed. Brazil is still exporting Soybeans so the US demand could be weaker. Brazil is still selling Soybeans as well, but for now the Chinese appear to be buying here. There is still a chance for weaker demand for US Soybeans once the Chinese demand is satisfied.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed to up with objectives of 1612 1632, and 1668 September. Support is at 153776, 1550, and 1537 September, and resistance is at 1607, 1620, and 1632 September. Trends in Soybean Meal are mixed to up with objectives of 488.00 September. Support is at 458.00, 456.00, and 451.00 September, and resistance is at 480.00 486.00, and 492.00 September. Trends in Soybean Oil are up with objectives of 7710 September. Support is at 6980, 6790, and 6540 September, with resistance at 7250, 7290, and 7440 September.

COT — Supplemental Report – Option and Futures Combined Positions as of August 23, 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 789,452
: Positions :
: 96,216 57,093 203,382 242,905 392,664 201,309 58,026 743,812 711,165: 45,640 78,287
: Changes from: August 16, 2022 (Change in open interest: 33,180) :
: 10,680 3,593 13,157 3,007 14,112 3,438 4,111 30,282 34,974: 2,898 -1,793
: Percent of Open Interest Represented by Each Category of Trader :
: 12.2 7.2 25.8 30.8 49.7 25.5 7.4 94.2 90.1: 5.8 9.9
: Total Traders: 600 Number of Traders in Each Category :
: 137 123 164 174 259 56 26 448 502:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of August 23, 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 472,042
: Positions :
: 42,722 31,140 119,015 154,752 278,853 122,911 20,178 439,400 449,186: 32,642 22,856
: Changes from: August 16, 2022 (Change in open interest: 9,170) :
: 5,802 226 4,241 -4,539 4,740 1,984 1,469 7,487 10,675: 1,683 -1,505
: Percent of Open Interest Represented by Each Category of Trader :
: 9.1 6.6 25.2 32.8 59.1 26.0 4.3 93.1 95.2: 6.9 4.8
: Total Traders: 285 Number of Traders in Each Category :
: 59 53 79 86 101 45 21 228 227:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of August 23, 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 474,763
: Positions :
: 82,516 10,562 102,120 96,767 316,603 137,827 15,723 419,230 445,009: 55,533 29,754
: Changes from: August 16, 2022 (Change in open interest: 12,046) :
: 7,163 -4,502 -719 1,350 12,937 2,295 2,421 10,089 10,136: 1,957 1,910
: Percent of Open Interest Represented by Each Category of Trader :
: 17.4 2.2 21.5 20.4 66.7 29.0 3.3 88.3 93.7: 11.7 6.3
: Total Traders: 280 Number of Traders in Each Category :
: 86 29 78 84 97 43 16 249 198:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Palm Oil was a little higher last week but closed near the lows of the week. MPOB data will be released this week and will help direct the next move for the futures market. Ideas are that supply and demand will be strong. Futures were higher today on ideas of expanding export demand. Canola was higher along with Chicago Soybean Oil. Soybean Oil has been the strongest of the world vegetable oils markets despite a strong US Dollar as ideas are that Soybeans production can be less this year The Canola growing conditions are much improved with rans being reported in recent days but the rains are bringing some concerns about disease showing.
Overnight News:
Chart Analysis: Trends in Canola are mixed. Support is at 826.00, 819.00, and 795.00 November, with resistance at 857.00, 870.00, and 877.00 November. Trends in Palm Oil are mixed. Support is at 4050, 4000, and 3980 November, with resistance at 4380, 4500, and 4840 November.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 23, 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 48,688 :
: Positions :
: 40,010 33,829 2,628 6,147 1,892 0 0 0 3,078 3,380 1,080 :
: Changes from: August 16, 2022 :
: 2,330 980 -160 588 520 0 0 0 -202 160 0 :
: Percent of Open Interest Represented by Each Category of Trader :
: 82.2 69.5 5.4 12.6 3.9 0.0 0.0 0.0 6.3 6.9 2.2 :
: Number of Traders in Each Category Total Traders: 21 :
: 8 10 . . . 0 0 0 . . . :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 23, 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 187,093 :
: Positions :
: 150,822 123,968 1,675 4,421 1,226 5,708 22,188 13,209 3,184 8,733 10,114 :
: Changes from: August 16, 2022 :
: 16,711 13,376 -247 603 106 150 2,222 826 455 1,132 -357 :
: Percent of Open Interest Represented by Each Category of Trader :
: 80.6 66.3 0.9 2.4 0.7 3.1 11.9 7.1 1.7 4.7 5.4 :
: Number of Traders in Each Category Total Traders: 340 :
: 42 94 . 6 . 22 52 26 35 122 46 :
—————————————————————————————————————-

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

US Gulf Cash Basis

Corn HRW SRW Soybeans Soybean Meal Soybean Oil
August
135 Sep
170 Sep
120 Sep
230 Nov

September
135 Sep
170 Sep
120 Sep
230 Nov

October
144 Dec
215 Dec
135 Dec
190 Nov

DJ ICE Canada Cash Grain Close – Aug 26
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 813.70 -20.00 Nov. 2022 dn 9.90
Basis: Thunder Bay 890.80 35.00 Nov. 2022 up 22.10
Basis: Vancouver 905.80 50.00 Nov. 2022 up 22.10
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 – August 29
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
Sept 1017.50 00.00 Unquoted – –
Oct/Nov/Dec 1027.50 +05.00 Unquoted – –
Jan/Feb/Mar 1037.50 +05.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Sept 1020.00 00.00 Unquoted – –
Oct/Nov/Dec 1030.00 +05.00 Unquoted – –
Jan/Feb/Mar 1040.00 +05.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Sept 950.00 00.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Sept 715.00 -05.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Sept 4200.00 -50.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Sept 315.00 +05.00 Unquoted – –
($1=MYR4.488)

DJ China Dalian Grain Futures Closing Prices, Volume – Aug 29
Soybean No. 1
Turnover: 137,991 lots, or 8.14 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-22 5,944 5,990 5,933 5,975 5,958 5,963 5 9,404 6,465
Nov-22 5,946 5,965 5,883 5,927 5,929 5,930 1 101,952 83,280
Jan-23 5,752 5,796 5,738 5,786 5,739 5,771 32 21,441 39,519
Mar-23 5,652 5,680 5,629 5,666 5,618 5,661 43 4,837 9,548
May-23 5,622 5,676 5,622 5,670 5,620 5,663 43 334 1,635
Jul-23 5,581 5,650 5,581 5,650 5,584 5,632 48 23 240
Corn
Turnover: 798,558 lots, or 22.19 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-22 2,750 2,755 2,706 2,743 2,741 2,731 -10 62,150 89,651
Nov-22 2,744 2,787 2,726 2,785 2,728 2,764 36 161,577 270,020
Jan-23 2,758 2,808 2,743 2,806 2,746 2,784 38 504,093 873,576
Mar-23 2,772 2,820 2,761 2,820 2,762 2,796 34 41,487 156,899
May-23 2,805 2,853 2,798 2,848 2,799 2,831 32 15,676 44,803
Jul-23 2,822 2,866 2,808 2,860 2,804 2,842 38 13,575 28,215
Soymeal
Turnover: 891,153 lots, or 34.04 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-22 4,273 4,300 4,253 4,275 4,284 4,282 -2 37,591 40,341
Nov-22 4,110 4,152 4,104 4,137 4,142 4,132 -10 64,431 231,233
Dec-22 3,937 3,972 3,930 3,951 3,955 3,954 -1 28,444 96,965
Jan-23 3,777 3,809 3,763 3,789 3,784 3,789 5 687,400 1,233,359
Mar-23 3,643 3,667 3,626 3,656 3,638 3,652 14 8,190 51,928
May-23 3,509 3,539 3,498 3,524 3,507 3,521 14 52,041 131,345
Jul-23 3,482 3,511 3,472 3,499 3,482 3,496 14 9,637 12,211
Aug-23 3,483 3,539 3,483 3,531 3,491 3,518 27 3,419 4,311
Palm Oil
Turnover: 942,942 lots, or 80.85 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-22 8,876 8,970 8,744 8,940 8,878 8,876 -2 42,618 28,119
Oct-22 8,708 8,790 8,580 8,770 8,730 8,690 -40 24,438 57,001
Nov-22 8,600 8,710 8,492 8,684 8,666 8,608 -58 9,324 61,147
Dec-22 8,532 8,666 8,414 8,630 8,618 8,540 -78 7,017 37,261
Jan-23 8,576 8,680 8,410 8,644 8,622 8,554 -68 848,730 341,878
Feb-23 8,602 8,696 8,450 8,648 8,650 8,566 -84 5,255 19,801
Mar-23 8,656 8,700 8,468 8,662 8,676 8,584 -92 753 9,750
Apr-23 – – – 8,698 8,698 8,698 0 0 97
May-23 8,676 8,732 8,506 8,694 8,728 8,628 -100 4,806 14,230
Jun-23 – – – 8,812 8,812 8,812 0 0 52
Jul-23 8,636 8,636 8,636 8,636 8,710 8,636 -74 1 58
Aug-23 – – – 8,734 8,734 8,734 0 0 0
Soybean Oil
Turnover: 690,292 lots, or 68.79 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-22 10,380 10,664 10,350 10,658 10,404 10,470 66 38,064 17,778
Nov-22 10,226 10,360 10,162 10,340 10,292 10,272 -20 20,779 77,161
Dec-22 10,008 10,122 9,926 10,088 10,058 10,016 -42 8,096 60,119
Jan-23 9,928 10,028 9,826 9,982 9,946 9,932 -14 610,895 384,037
Mar-23 9,534 9,622 9,440 9,574 9,546 9,530 -16 3,269 33,650
May-23 9,472 9,564 9,390 9,500 9,506 9,480 -26 5,057 27,265
Jul-23 9,424 9,482 9,310 9,428 9,412 9,394 -18 2,801 7,229
Aug-23 9,362 9,406 9,242 9,364 9,344 9,328 -16 1,331 3,329
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