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: Wheat markets edged higher last week and the weekly charts show that all three markets could have completed their harvest lows. The moves are hard and slow on strength in the US Dollar and that no one is sure what will happen to exports from Ukraine and Russia. USDA world supply and demand estimates that showed a lot more Ukrainian and Russian Wheat production. Those countries still need to get the Wheat out through Black Sea ports and this could become a problem. For now, though, the world feels that the Wheat is there and people will not go hungry due to increased production estimates released by USDA on Monday. Russia has threatened to cut off exports from Ukraine unless it can have more exports, too. Russia now appears to be losing the war and could do something rash to try to hold things together. The demand for US Wheat still needs to show up and right now there is no demand news to help support futures.. 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 above normal. Northern areas should see mostly dry conditions or isolated showers . Temperatures will average above normal. The Canadian Prairies should see isolated showers. Temperatures should average above normal.
Chart Analysis: Trends in Chicago are mixed. Support is at 819, 810, and 791 December, with resistance at 885, 913, and 917 December. Trends in Kansas City are mixed. Support is at 913, 893, and 865 December, with resistance at 959, 1010, and 1043 December. Trends in Minneapolis are mixed. Support is at 920, 907, and 880 December, and resistance is at 955, 959, and 967 December.

COT — Supplemental Report – Option and Futures Combined Positions as of September 13, 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 373,189
: Positions :
: 33,367 86,953 100,627 52,261 112,867 155,331 37,293 341,585 337,739: 31,604 35,450
: Changes from: September 6, 2022 (Change in open interest: 9,490) :
: -2,710 -1,149 8,749 1,077 279 3,331 1,314 10,447 9,194: -957 297
: Percent of Open Interest Represented by Each Category of Trader :
: 8.9 23.3 27.0 14.0 30.2 41.6 10.0 91.5 90.5: 8.5 9.5
: Total Traders: 340 Number of Traders in Each Category :
: 76 89 102 85 101 49 32 271 272:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of September 13, 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 165,458
: Positions :
: 25,744 28,757 24,658 36,425 84,602 58,377 6,828 145,204 144,845: 20,254 20,613
: Changes from: September 6, 2022 (Change in open interest: 4,856) :
: 1,867 -4,270 2,758 -408 5,927 737 245 4,954 4,661: -98 195
: Percent of Open Interest Represented by Each Category of Trader :
: 15.6 17.4 14.9 22.0 51.1 35.3 4.1 87.8 87.5: 12.2 12.5
: Total Traders: 208 Number of Traders in Each Category :
: 46 30 48 59 76 39 15 164 153:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 13, 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 50,363 :
: Positions :
: 26,497 29,480 1,730 300 14 4,894 5,045 2,430 3,560 919 2,040 :
: Changes from: September 6, 2022 :
: 29 1,193 -126 0 14 1,659 772 -59 -134 540 227 :
: Percent of Open Interest Represented by Each Category of Trader :
: 52.6 58.5 3.4 0.6 0.0 9.7 10.0 4.8 7.1 1.8 4.1 :
: Number of Traders in Each Category Total Traders: 94 :
: 47 36 5 . . 9 8 5 11 4 7 :
—————————————————————————————————————-

RICE:
General Comments: Rice was a little higher last week but could not make new weekly highs. Futures closed just below those levels on Friday. The USDA reports showed smaller production and ending stocks estimates. Demand for Rough Rice was cut hard, but demand for Milled Rice held together in the latest estimates. News that India will restrict exports of some grades of Rice also supported futures. Brokens cannot be exported and export taxes on White and Brown Rice are now 20%. Parboiled and Basmati exports are permitted with no restrictions or additional costs. Wire reports suggest that Indian Rice exports could be cut by 25% to 50% by the moves. The move follows a drought that hurt Rice production and the government is apparently afraid of a lot of food inflation hitting the people. Any move by India to restrict exports can be bullish as India is far and away the cheapest seller of Rice into the world market. The US harvest is moving along to completion 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. Yield and quality have been up and down in Texas. 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 1763, 1759 and 1739 November and resistance is at 1794, 1808, and 1834 November.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 13, 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 9,307 :
: Positions :
: 3,586 7,255 131 0 0 2,271 628 0 898 557 245 :
: Changes from: September 6, 2022 :
: 54 -103 -5 0 0 -204 60 0 11 148 -149 :
: Percent of Open Interest Represented by Each Category of Trader :
: 38.5 78.0 1.4 0.0 0.0 24.4 6.7 0.0 9.7 6.0 2.6 :
: Number of Traders in Each Category Total Traders: 54 :
: 14 18 . 0 0 10 . 0 9 5 6 :
—————————————————————————————————————-

CORN AND OATS:
General Comments: Corn closed a little lower last week as demand ideas were weak and as USDA caught up with weekly export sales reports. The Corn sales were not exciting to anyone. USDA cut production about as expected in its reports released last Monday but cut demand even more for a higher than expected ending stocks estimate. The report was considered neutral by the trade, but the demand side will need to be watched as Corn demand needs to hold to keep lower ending stocks estimates in play. There are reports of less cattle and that means domestic demand could be hurt. Ethanol demand ideas took a hit last week although Crude Oil moved higher. There are also increasing concerns about demand with the Chinese economic problems caused by the lockdowns creating the possibility of less demand as South America has much better crops this year to compete with the US for sales. Ending stocks estimates could be very tight for the coming year if the crop projections hold true. 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. Oats also closed higher.
Overnight News:
Chart Analysis: Trends in Corn are mixed. Support is at 675, 668, and 659 December, and resistance is at 690, 699, and 701 December. Trends in Oats are mixed. Support is at 389, 373, and 370 December, and resistance is at 410, 418, and 422 December.

COT — Supplemental Report – Option and Futures Combined Positions as of September 13, 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 1,792,121
: Positions :
: 252,337 92,883 482,992 427,472 897,484 466,125 95,234 1,628,926 1,568,593: 163,194 223,527
: Changes from: September 6, 2022 (Change in open interest: 61,486) :
: 10,073 3,583 39,038 2,508 2,576 8,331 9,376 59,950 54,573: 1,536 6,913
: Percent of Open Interest Represented by Each Category of Trader :
: 14.1 5.2 27.0 23.9 50.1 26.0 5.3 90.9 87.5: 9.1 12.5
: Total Traders: 837 Number of Traders in Each Category :
: 177 109 200 357 421 55 30 681 688:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 13, 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 3,860 :
: Positions :
: 930 1,721 233 0 0 70 605 0 504 3 312 :
: Changes from: September 6, 2022 :
: 85 334 78 0 0 -30 -128 0 0 1 -40 :
: Percent of Open Interest Represented by Each Category of Trader :
: 24.1 44.6 6.0 0.0 0.0 1.8 15.7 0.0 13.0 0.1 8.1 :
: Number of Traders in Each Category Total Traders: 24 :
: 7 7 . 0 0 . . 0 5 . 4 :
—————————————————————————————————————-

SOYBEANS
General Comments: Soybeans and the products were higher last week on the back of bullish USDA production and supply and demand estimates and as the weekly export sales reports showed strong new crop sales but as the US Dollar moved higher. USDA on Monday showed less yield and planted and harvested area than trade expectations and estimated production much less than the trade had expected. Demand was cut back some, but the overall effect of the estimates was ending stocks at just 200 million bushels for the coming year instead of 240 as estimated by the trade. Demand remains an issue for the market to contend with. The trade is worried about demand due to a lack of Chinese interest caused by the Covid lockdowns there and in part by the stronger US Dollar. Brazil is still offering and that South America as a whole are expected to produce a very big crop later this year for harvest next Spring. US production ideas remain strong after mostly good weather in August. Basis levels are still strong in the Midwest. There are still renewed Chinese lockdowns and there are fears that China has been importing less as a result.
Overnight News: China bought 136,000 tons of US Soybeans.
Chart Analysis: Trends in Soybeans are mixed. Support is at 1432, 1422, and 1390 November, and resistance is at 1476, 1509, and 1523 November. Trends in Soybean Meal are mixed. Support is at 419.00, 417.00, and 408.00 October, and resistance is at 435.00 439.00, and 441.00 October. Trends in Soybean Oil are mixed. Support is at 6750, 6500, and 6400 October, with resistance at 7000, 7040, and 7170 October.

COT — Supplemental Report – Option and Futures Combined Positions as of September 13, 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 794,029
: Positions :
: 109,589 58,599 190,823 265,326 412,850 181,638 49,741 747,377 712,013: 46,653 82,016
: Changes from: September 6, 2022 (Change in open interest: 52,209) :
: 17,646 36 20,918 16,341 27,300 -5,422 2,212 49,483 50,466: 2,726 1,743
: Percent of Open Interest Represented by Each Category of Trader :
: 13.8 7.4 24.0 33.4 52.0 22.9 6.3 94.1 89.7: 5.9 10.3
: Total Traders: 623 Number of Traders in Each Category :
: 133 132 180 187 265 55 29 476 523:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of September 13, 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 449,801
: Positions :
: 49,622 29,808 106,790 137,527 271,562 121,540 17,749 415,478 425,909: 34,323 23,893
: Changes from: September 6, 2022 (Change in open interest: 10,327) :
: 4,671 -1,511 5,124 -3,739 7,786 3,184 1,282 9,239 12,681: 1,088 -2,353
: Percent of Open Interest Represented by Each Category of Trader :
: 11.0 6.6 23.7 30.6 60.4 27.0 3.9 92.4 94.7: 7.6 5.3
: Total Traders: 285 Number of Traders in Each Category :
: 58 55 70 88 105 46 21 224 224:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of September 13, 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 428,745
: Positions :
: 81,840 14,185 70,770 90,580 300,616 131,378 14,737 374,568 400,309: 54,177 28,436
: Changes from: September 6, 2022 (Change in open interest: -3,130) :
: 4,350 -5,674 -1,660 -10,408 1,969 -169 2,154 -7,886 -3,211: 4,756 80
: Percent of Open Interest Represented by Each Category of Trader :
: 19.1 3.3 16.5 21.1 70.1 30.6 3.4 87.4 93.4: 12.6 6.6
: Total Traders: 276 Number of Traders in Each Category :
: 77 27 73 87 100 45 18 242 198:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Palm Oil was a little higher last week as demand was stronger than expected. Futures moved lower today. There are still ideas of bigger production and less demand, but SGS reported a big increase in demand in its reports released earlier in the week. Ideas are that supply and demand will be strong, but demand ideas are now weakening and the market will continue to look to the private data for clues on demand and the direction of the futures market. Canola was higher last week on the price action in Chicago and as the Canola harvest approaches. The Canola growing conditions are much improved and production estimates are higher for the year. The market is still short of Canola in the near term due to the reduced production of last year.
Overnight News:
Chart Analysis: Trends in Canola are mixed. Support is at 778.00, 766.00, and 763.00 November, with resistance at 818.00, 833.00, and 857.00 November. Trends in Palm Oil are mixed. Support is at 3720, 3520, and 3400 December, with resistance at 3960, 4020, and 4180 December.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 13, 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 44,994 :
: Positions :
: 36,140 30,639 2,180 4,553 2,482 0 80 0 3,372 4,060 820 :
: Changes from: September 6, 2022 :
: 310 90 420 680 -690 0 80 0 40 0 120 :
: Percent of Open Interest Represented by Each Category of Trader :
: 80.3 68.1 4.8 10.1 5.5 0.0 0.2 0.0 7.5 9.0 1.8 :
: Number of Traders in Each Category Total Traders: 24 :
: 7 9 4 . 4 0 . 0 . . . :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 13, 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 215,152 :
: Positions :
: 175,990 135,548 453 6,627 2,119 4,602 30,440 14,006 2,617 8,489 13,913 :
: Changes from: September 6, 2022 :
: 4,125 2,394 67 331 -8 -254 3,462 596 591 -1,363 1,983 :
: Percent of Open Interest Represented by Each Category of Trader :
: 81.8 63.0 0.2 3.1 1.0 2.1 14.1 6.5 1.2 3.9 6.5 :
: Number of Traders in Each Category Total Traders: 354 :
: 47 94 . 8 4 12 60 22 40 129 56 :
—————————————————————————————————————-

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
September 145 Dec 230 Dec 165 Dec 205 Nov
October 145 Dec 230 Dec 165 Dec 205 Nov
November 144 Dec 220 Dec 160 Dec 189 Nov

DJ ICE Canada Cash Grain Close – Sep 16
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 775.40 -13.00 Nov. 2022 dn 9.30
Basis: Thunder Bay 822.50 30.00 Nov. 2022 up 4.10
Basis: Vancouver 847.50 55.00 Nov. 2022 up 4.10
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 – Sept 19
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 907.50 -15.00 Unquoted – –
Oct 912.50 -15.00 Unquoted – –
Nov/Dec 922.50 -10.00 Unquoted – –
Jan/Feb/Mar 932.50 -17.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Sept 910.00 -15.00 Unquoted – –
Oct 915.00 -15.00 Unquoted – –
Nov/Dec 925.00 -10.00 Unquoted – –
Jan/Feb/Mar 935.00 -17.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Sept 835.00 -10.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Sept 675.00 -05.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Sept 3750.00 00.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Sept 302.00 -01.00 Unquoted – –
($1=MYR4.5485)

DJ China Dalian Grain Futures Closing Prices, Volume – Sep 19
Soybean No. 1
Turnover: 134,741 lots, or 7.92 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-22 5,891 5,950 5,891 5,936 5,891 5,916 25 98,047 90,093
Jan-23 5,801 5,835 5,789 5,829 5,801 5,808 7 24,766 46,831
Mar-23 5,703 5,736 5,690 5,729 5,695 5,712 17 11,648 15,582
May-23 5,708 5,720 5,688 5,714 5,696 5,710 14 260 2,515
Jul-23 5,674 5,689 5,658 5,685 5,661 5,676 15 18 323
Sep-23 5,649 5,690 5,649 5,690 5,647 5,669 22 2 12
Corn
Turnover: 385,645 lots, or 10.98 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-22 2,815 2,832 2,806 2,819 2,813 2,819 6 65,889 245,687
Jan-23 2,833 2,857 2,830 2,848 2,837 2,844 7 267,020 814,313
Mar-23 2,860 2,875 2,853 2,870 2,859 2,867 8 14,001 189,934
May-23 2,890 2,916 2,889 2,911 2,894 2,906 12 30,537 83,088
Jul-23 2,905 2,925 2,903 2,924 2,905 2,916 11 7,395 40,109
Sep-23 2,913 2,931 2,913 2,925 2,913 2,923 10 803 1,036
Soymeal
Turnover: 826,612 lots, or 32.98 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-22 4,417 4,480 4,408 4,455 4,438 4,446 8 43,646 216,648
Dec-22 4,180 4,206 4,137 4,185 4,173 4,176 3 16,001 121,841
Jan-23 3,983 4,030 3,960 4,000 3,992 3,996 4 661,359 1,443,673
Mar-23 3,855 3,897 3,828 3,870 3,855 3,864 9 11,169 53,117
May-23 3,705 3,745 3,683 3,720 3,716 3,712 -4 78,188 226,053
Jul-23 3,680 3,715 3,658 3,699 3,682 3,688 6 9,793 14,601
Aug-23 3,736 3,748 3,694 3,730 3,705 3,721 16 4,595 8,226
Sep-23 3,688 3,724 3,669 3,702 3,687 3,701 14 1,861 1,869
Palm Oil
Turnover: 838,786 lots, or 66.21 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Oct-22 8,052 8,292 8,052 8,068 8,142 8,112 -30 8,697 4,928
Nov-22 7,922 8,158 7,922 7,932 7,972 8,036 64 12,303 73,591
Dec-22 7,892 8,080 7,842 7,850 7,892 7,954 62 8,204 53,775
Jan-23 7,782 8,004 7,760 7,766 7,814 7,884 70 767,415 410,606
Feb-23 7,828 8,020 7,736 7,736 7,830 7,902 72 6,338 28,446
Mar-23 7,842 8,024 7,792 7,800 7,842 7,900 58 2,999 15,015
Apr-23 7,840 8,038 7,800 7,800 7,836 7,916 80 8,067 13,408
May-23 7,880 8,042 7,808 7,812 7,860 7,928 68 24,721 43,114
Jun-23 – – – 7,840 7,840 7,840 0 0 53
Jul-23 7,818 7,844 7,776 7,776 7,810 7,808 -2 6 122
Aug-23 7,904 7,978 7,750 7,800 7,802 7,802 0 11 20
Sep-23 7,860 7,948 7,786 7,786 7,800 7,886 86 25 30
Soybean Oil
Turnover: 653,035 lots, or 60.06 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-22 9,692 9,782 9,622 9,622 9,698 9,702 4 13,112 69,716
Dec-22 9,430 9,544 9,386 9,388 9,456 9,460 4 5,980 69,842
Jan-23 9,170 9,296 9,116 9,130 9,184 9,202 18 602,712 440,621
Mar-23 8,792 8,926 8,744 8,744 8,816 8,846 30 3,802 35,747
May-23 8,766 8,908 8,738 8,744 8,822 8,840 18 20,831 44,478
Jul-23 8,768 8,848 8,680 8,690 8,756 8,774 18 2,295 10,652
Aug-23 8,692 8,788 8,626 8,636 8,686 8,712 26 4,114 11,411
Sep-23 8,622 8,792 8,602 8,610 8,656 8,668 12 189 176
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