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 were lower on Friday as the US Dollar moved sharply higher, but higher for the week on supply concerns tied to the Ukraine-Russia war and dry and hot weather seen once again in the western US Great Plains and much of Argentina. Russia has called for new recruits of 300,000 men for the war and threatened once again to use nuclear weapons to get its way in Ukraine. Those countries still need to get the Wheat out through Black Sea ports, but so far this has not been a problem. However, Russia is complaining about its sales and shipments as it harvests a big crop, but the west and that the problem with the exports if Russia’s own doings in the Black Sea The world feels that the Wheat is there and people will not go hungry. 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. It has moved now to annex the parts of Ukraine it still controls, and the trade expects the war to continue. 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. Planting and initial emergence could be affected 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 isolated showers . Temperatures will average above normal. The Canadian Prairies should see isolated showers. Temperatures should average near to below normal.
Chart Analysis: Trends in Chicago are mixed to up with objectives of 952 and 975 December. Support is at 861, 849, and 819 December, with resistance at 922, 934, and 954 December. Trends in Kansas City are mixed to up with no objectives. Support is at 934, 896, and 865 December, with resistance at 989, 1010, and 1043 December. Trends in Minneapolis are mixed to up with objectives of 1043 and 1148 December. Support is at 938, 907, and 885 December, and resistance is at 988, 1004, and 1056 December.

COT — Supplemental Report – Option and Futures Combined Positions as of September 20, 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 387,820
: Positions :
: 35,481 82,972 113,472 52,557 115,908 154,290 38,385 355,800 350,738: 32,020 37,082
: Changes from: September 13, 2022 (Change in open interest: 14,630) :
: 2,114 -3,980 12,846 296 3,041 -1,041 1,092 14,214 12,999: 416 1,632
: Percent of Open Interest Represented by Each Category of Trader :
: 9.1 21.4 29.3 13.6 29.9 39.8 9.9 91.7 90.4: 8.3 9.6
: Total Traders: 344 Number of Traders in Each Category :
: 85 87 108 81 99 49 32 274 275:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of September 20, 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 172,256
: Positions :
: 26,648 26,549 29,156 36,196 86,473 60,064 8,676 152,064 150,855: 20,193 21,402
: Changes from: September 13, 2022 (Change in open interest: 6,798) :
: 904 -2,208 4,498 -230 1,871 1,687 1,848 6,860 6,009: -61 789
: Percent of Open Interest Represented by Each Category of Trader :
: 15.5 15.4 16.9 21.0 50.2 34.9 5.0 88.3 87.6: 11.7 12.4
: Total Traders: 215 Number of Traders in Each Category :
: 54 29 51 58 78 38 15 170 155:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 20, 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 57,448 :
: Positions :
: 31,015 37,316 1,596 300 0 6,674 4,305 1,685 3,639 631 2,832 :
: Changes from: September 13, 2022 :
: 4,518 7,836 -133 0 -14 1,780 -740 -745 80 -288 792 :
: Percent of Open Interest Represented by Each Category of Trader :
: 54.0 65.0 2.8 0.5 0.0 11.6 7.5 2.9 6.3 1.1 4.9 :
: Number of Traders in Each Category Total Traders: 96 :
: 50 35 4 . . 9 7 5 9 5 9 :
—————————————————————————————————————-

RICE:
General Comments: Rice was lower last week on weak export sales as reported in the weekly report and as the harvest pressure mounted. The US harvest is moving along to completion and yield reports have been variable to good 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 and the harvest is now very active in both states. Yield reports are variable to very good.
Overnight News: The Delta should get mostly dry conditions. Temperatures should be above normal.
Chart Analysis: Trends are down with objectives of 1724 and 1687 November. Support is at 1733, 1723, and 1697 November and resistance is at 1762, 1767, and 1783 November.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 20, 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 9,559 :
: Positions :
: 3,379 7,398 131 0 0 2,683 628 1 1,056 572 247 :
: Changes from: September 13, 2022 :
: -207 143 0 0 0 412 0 1 158 15 1 :
: Percent of Open Interest Represented by Each Category of Trader :
: 35.3 77.4 1.4 0.0 0.0 28.1 6.6 0.0 11.1 6.0 2.6 :
: Number of Traders in Each Category Total Traders: 57 :
: 14 17 . 0 0 12 . . 9 7 6 :
—————————————————————————————————————-

CORN AND OATS:
General Comments: Corn closed lower on Friday and near unchanged for the week as the US Dollar moved sharply higher and as the harvest comes closer in the US. Oats were also about unchanged for the week after moving sharply lower on Friday. The cash market has been strong as the trade is worried about the availability of US Corn in the short run and Ukraine Corn overall. 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.
Overnight News:
Chart Analysis: Trends in Corn are mixed. Support is at 668, 659, and 654 December, and resistance is at 699, 701, and 708 December. Trends in Oats are mixed. Support is at 434, 373, and 370 December, and resistance is at 411, 420, and 425 December.

COT — Supplemental Report – Option and Futures Combined Positions as of September 20, 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 1,817,528
: Positions :
: 262,021 88,692 495,166 432,790 911,002 466,164 94,817 1,656,140 1,589,677: 161,388 227,851
: Changes from: September 13, 2022 (Change in open interest: 25,408) :
: 9,684 -4,190 12,174 5,318 13,519 39 -418 27,214 21,084: -1,806 4,324
: Percent of Open Interest Represented by Each Category of Trader :
: 14.4 4.9 27.2 23.8 50.1 25.6 5.2 91.1 87.5: 8.9 12.5
: Total Traders: 835 Number of Traders in Each Category :
: 184 107 206 354 416 55 30 687 684:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 20, 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 3,870 :
: Positions :
: 897 1,853 285 0 0 0 584 0 466 9 295 :
: Changes from: September 13, 2022 :
: -33 132 52 0 0 -70 -21 0 -38 5 -17 :
: Percent of Open Interest Represented by Each Category of Trader :
: 23.2 47.9 7.4 0.0 0.0 0.0 15.1 0.0 12.0 0.2 7.6 :
: Number of Traders in Each Category Total Traders: 23 :
: 7 8 . 0 0 0 . 0 . . . :
—————————————————————————————————————-

SOYBEANS
General Comments: Soybeans and the products were a little lower last week as the US Dollar moved sharply higher on Friday and as the US harvest comes closer. Support came from reports that the US cash markets remain very strong. The daily Soybeans charts show that Soybeans trends are down with the price action seen on Friday The trade worried about international weather and supply. 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. However, a third year of La Nina as predicted by meteorologists could cut the production potential. 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:
Chart Analysis: Trends in Soybeans are down with objectives of 1394, 1339, and 1326 November. Support is at 1421, 1380, and 1377 November, and resistance is at 1460, 1489, and 1509 November. Trends in Soybean Meal are mixed. Support is at 435.00, 425.00, and 419.00 October, and resistance is at 445.00 458.00, and 461.00 October. Trends in Soybean Oil are mixed. Support is at 6560, 6500, and 6400 October, with resistance at 7000, 7040, and 7170 October.

COT — Supplemental Report – Option and Futures Combined Positions as of September 20, 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 808,861
: Positions :
: 103,562 61,859 199,674 276,661 417,076 181,813 48,675 761,710 727,285: 47,151 81,576
: Changes from: September 13, 2022 (Change in open interest: 14,832) :
: -6,028 3,260 8,851 11,335 4,226 175 -1,066 14,333 15,271: 498 -440
: Percent of Open Interest Represented by Each Category of Trader :
: 12.8 7.6 24.7 34.2 51.6 22.5 6.0 94.2 89.9: 5.8 10.1
: Total Traders: 619 Number of Traders in Each Category :
: 125 137 176 186 262 55 29 468 518:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of September 20, 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 454,576
: Positions :
: 51,427 30,296 110,059 136,007 271,707 123,347 18,703 420,840 430,765: 33,736 23,812
: Changes from: September 13, 2022 (Change in open interest: 4,775) :
: 1,805 488 3,269 -1,520 145 1,807 954 5,362 4,856: -587 -81
: Percent of Open Interest Represented by Each Category of Trader :
: 11.3 6.7 24.2 29.9 59.8 27.1 4.1 92.6 94.8: 7.4 5.2
: Total Traders: 293 Number of Traders in Each Category :
: 59 58 74 90 103 47 23 233 229:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of September 20, 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 445,424
: Positions :
: 92,145 11,957 78,072 86,103 311,458 132,624 15,055 388,945 416,542: 56,479 28,882
: Changes from: September 13, 2022 (Change in open interest: 16,679) :
: 10,305 -2,228 7,302 -4,477 10,841 1,246 318 14,377 16,233: 2,302 446
: Percent of Open Interest Represented by Each Category of Trader :
: 20.7 2.7 17.5 19.3 69.9 29.8 3.4 87.3 93.5: 12.7 6.5
: Total Traders: 280 Number of Traders in Each Category :
: 88 26 64 85 99 43 16 240 189:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Palm Oil was lower again last week. There are still ideas of bigger production and less demand, but SGS and AmSpec both 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. That data has been strong this month. Canola was higher on a lower Canadian Dollar. The Canola harvest approaches. Some of the rally came on continued cash market strength before the harvest. 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 776.00, 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 3630, 3520, and 3400 December, with resistance at 3960, 4020, and 4180 December.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 20, 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 47,119 :
: Positions :
: 37,910 34,649 2,020 4,993 2,997 0 40 0 3,932 4,180 260 :
: Changes from: September 13, 2022 :
: 1,770 4,010 -160 440 515 0 -40 0 560 120 -560 :
: Percent of Open Interest Represented by Each Category of Trader :
: 80.5 73.5 4.3 10.6 6.4 0.0 0.1 0.0 8.3 8.9 0.6 :
: 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 20, 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 232,334 :
: Positions :
: 189,469 143,090 569 5,888 2,258 4,827 37,492 13,899 3,130 8,829 15,662 :
: Changes from: September 13, 2022 :
: 13,478 7,542 116 -739 140 225 7,052 -107 513 340 1,749 :
: Percent of Open Interest Represented by Each Category of Trader :
: 81.6 61.6 0.2 2.5 1.0 2.1 16.1 6.0 1.3 3.8 6.7 :
: Number of Traders in Each Category Total Traders: 354 :
: 50 93 . 9 4 14 59 22 47 121 58 :
—————————————————————————————————————-

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

US Gulf Cash Basis

Corn HRW SRW Soybeans Soybean Meal Soybean Oil
September
149 Dec
225 Dec
170 Dec
195 Nov

October
149 Dec
225 Dec
170 Dec
195 Nov

November
139 Dec
215 Dec
165 Dec
165 Nov

DJ ICE Canada Cash Grain Close – Sep 23
WINNIPEG, Sept. 23 (MarketsFarm) – The following are the closing cash
canola prices from ICE Futures.
Source: ICE Futures
Price Basis Contract Change
CANOLA
*Par Region 819.60 0.00 Nov 2022 up 17.40
Track Thunder Bay 848.70 30.00 Nov 2022 up 2.10
Track Vancouver 873.60 55.00 Nov 2022 dn 0.90
All prices in Canadian dollars per metric tonne.
*Quote for previous day
Source: Commodity News Service Canada
(news@marketsfarm.com, 204-414-9084, or cell
204-782-5944)

DJ Malaysian PM Cash Market Prices for Palm Oil – Sept 26
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
Oct 857.50 -45.00 Unquoted – –
Nov/Dec 867.50 -50.00 Unquoted – –
Jan/Feb/Mar 870.00 -62.50 Unquoted – –
Apr/May/Jun 882.50 -62.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Oct 860.00 -45.00 Unquoted – –
Nov/Dec 870.00 -50.00 Unquoted – –
Jan/Feb/Mar 872.50 -62.50 Unquoted – –
Apr/May/Jun 885.00 -62.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Oct 785.00 -65.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Oct 665.00 -55.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Oct 3600.00 -200.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Oct 297.00 -03.00 Unquoted – –
($1=MYR4.601)

DJ China Dalian Grain Futures Closing Prices, Volume – Sep 26
Soybean No. 1
Turnover: 152,554 lots, or 9.12 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-22 6,040 6,065 5,981 5,994 6,050 6,017 -33 105,988 106,086
Jan-23 5,942 5,953 5,878 5,897 5,939 5,913 -26 32,788 62,595
Mar-23 5,818 5,841 5,768 5,780 5,829 5,801 -28 13,443 22,142
May-23 5,812 5,830 5,755 5,776 5,823 5,781 -42 308 2,643
Jul-23 5,770 5,770 5,731 5,731 5,768 5,753 -15 9 311
Sep-23 5,710 5,737 5,633 5,659 5,734 5,675 -59 18 24
Corn
Turnover: 609,273 lots, or 1.71 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-22 2,791 2,798 2,756 2,757 2,803 2,778 -25 93,942 226,248
Jan-23 2,823 2,825 2,780 2,782 2,835 2,802 -33 452,782 771,546
Mar-23 2,839 2,844 2,802 2,806 2,853 2,822 -31 19,769 197,666
May-23 2,890 2,895 2,852 2,852 2,899 2,874 -25 33,834 97,571
Jul-23 2,894 2,905 2,863 2,863 2,911 2,888 -23 8,089 45,113
Sep-23 2,910 2,914 2,886 2,889 2,922 2,898 -24 857 1,963
Soymeal
Turnover: 1,198,093 lots, or 48.35 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-22 4,616 4,662 4,559 4,588 4,667 4,601 -66 101,293 193,764
Dec-22 4,259 4,291 4,202 4,221 4,298 4,235 -63 36,697 134,492
Jan-23 4,031 4,049 3,990 4,014 4,058 4,016 -42 912,646 1,481,722
Mar-23 3,872 3,888 3,838 3,842 3,903 3,859 -44 11,373 55,092
May-23 3,715 3,733 3,683 3,703 3,746 3,707 -39 110,776 249,080
Jul-23 3,705 3,707 3,659 3,675 3,719 3,682 -37 17,938 18,865
Aug-23 3,745 3,762 3,716 3,742 3,757 3,740 -17 2,874 8,931
Sep-23 3,720 3,741 3,694 3,724 3,738 3,722 -16 4,496 5,798
Palm Oil
Turnover: 1,138,049 lots, or 84.76 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Oct-22 7,980 7,980 7,472 7,518 8,096 7,726 -370 622 1,499
Nov-22 7,896 7,896 7,396 7,488 7,944 7,606 -338 19,874 63,330
Dec-22 7,760 7,760 7,316 7,384 7,864 7,526 -338 7,704 59,442
Jan-23 7,666 7,670 7,232 7,298 7,790 7,442 -348 1,051,560 484,705
Feb-23 7,736 7,736 7,250 7,324 7,786 7,452 -334 9,571 32,498
Mar-23 7,750 7,750 7,274 7,342 7,784 7,472 -312 6,188 17,509
Apr-23 7,702 7,702 7,278 7,360 7,814 7,468 -346 7,291 18,344
May-23 7,750 7,750 7,292 7,356 7,816 7,496 -320 35,037 61,224
Jun-23 – – – 7,374 7,830 7,374 -456 0 53
Jul-23 7,500 7,538 7,250 7,250 7,662 7,406 -256 23 138
Aug-23 7,620 7,620 7,286 7,286 7,750 7,518 -232 9 17
Sep-23 7,706 7,706 7,280 7,332 7,708 7,454 -254 170 186
Soybean Oil
Turnover: 806,031 lots, or 71.55 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-22 9,620 9,722 9,396 9,466 9,786 9,530 -256 12,594 59,625
Dec-22 9,316 9,324 9,028 9,114 9,446 9,166 -280 7,172 71,912
Jan-23 9,016 9,036 8,738 8,808 9,146 8,884 -262 746,253 456,401
Mar-23 8,628 8,642 8,366 8,388 8,770 8,488 -282 3,708 37,108
May-23 8,702 8,702 8,336 8,398 8,754 8,490 -264 29,118 50,396
Jul-23 8,520 8,520 8,270 8,338 8,662 8,374 -288 2,529 11,152
Aug-23 8,554 8,554 8,234 8,304 8,610 8,366 -244 4,333 14,626
Sep-23 8,482 8,482 8,216 8,286 8,554 8,342 -212 324 379
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