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 Grain Ships Keep Sailing From Ukraine Despite Russia’s Deal Suspension — Update
By Jared Malsin and Alistair MacDonald
ISTANBUL — Grain ships continued to move in and out of Ukrainian waters in the Black Sea, a day after Russia said it would suspend its participation in an agreement that guaranteed the safety of those voyages.
Grain prices, meanwhile, were trading higher over uncertainty about how long such exports would last. Wheat was up 5.34% and corn up 2.17%.
Russia said on Saturday that it had suspended its participation in an agreement with Ukraine, Turkey, and the United Nations that has allowed Ukraine to resume its exports of food products to the world market. Traders braced for a surge in world corn and wheat prices, which had been steadied by the deal over recent months.
The Joint Coordination Center, which monitors the functioning of a safe corridor for ships carrying grain across the Black Sea, said Turkish, Ukrainian, and U.N. officials agreed on a plan for 16 ships to move on Monday, including 12 outgoing and four incoming vessels on their way to collect grain from Ukraine.
Ismini Palla, a spokeswoman for the U.N. at the coordination center, said that outgoing and incoming ships began moving into the corridor on Monday morning. Ship tracking data showed ships moving along the designated sea lane.
Ukraine’s infrastructure minister, Oleksandr Kubrakov, said that the four incoming ships entered the Black Sea corridor after being inspected by officials from Ukraine, Turkey and the U.N. Russian officials would ordinarily participate in the inspections, which take place when the ships enter and leave the Bosporus.
Turkish President Recep Tayyip Erdogan, who helped broker the agreement, said on Monday that Turkey would “resolutely continue our efforts” to sustain the deal. Turkish and U.N. officials say they have been working to rescue the agreement after Russia suspended its involvement on Saturday.
Among the ships that departed Ukraine on Monday was the Ikaria Angel loaded with 40,000 tons of grain chartered by the World Food Program and destined for Ethiopia. The ship had been scheduled to leave on Sunday but was delayed by the Russian suspension of their involvement in the grain deal.
“These foodstuffs were intended for the residents of Ethiopia, who faced the real possibility of mass starvation,” said Mr. Kubrakov in a tweet.
The future of the grain export agreement remains clouded by uncertainty since it requires Russia to refrain from attacks on Ukrainian ports and civilian ships. Under the agreement, Russian military officers also must participate in the work of the coordination center, which helps the ships avoid mines and other hazards.
“Civilian cargo ships can never be a military target or held hostage. The food must flow,” said Amir M. Abdulla, the coordinator for the Black Sea Grain Initiative in a tweet.
Analysts predicted large gains for grain prices over the weekend, not least as some traders rushed to replace a large number of short positions by buying up contracts. Ukraine is one of the world’s largest exporters of corn, wheat and sunflower oil.
Ukraine grain exports had recovered near to prewar levels after the reopening of the Black Sea corridor, which had always carried the majority of the country’s agricultural products. That took pressure off the price of grains. Disappointment over some major harvests, such as the U.S., Argentina and in parts of Europe have kept prices higher.
“Global commodity balance sheets are tight and the world needs agriculture products flowing from the Black Sea region, so this announcement matters for grains and the entire agriculture complex,” Dave Whitcomb, head of research at Peak Trading Research, wrote in a note.
Officials from Russia, Ukraine, Turkey and the U.N. signed the grain agreement in July, partially lifting Russia’s blockade of Ukrainian ports, which were responsible for 95% of the country’s grain exports before the war.
The agreement helped Ukraine raise its exports close to its prewar levels and brought down world wheat prices to prewar levels, before the Russian decision to suspend its involvement in the agreement.
Russia said it decided to suspend the deal in response to a Ukrainian attack on Russian naval forces in occupied Crimea over the weekend.
Speaking in his nightly address to the nation on Sunday, Ukraine’s President Volodymyr Zelensky blamed Russia for the rise in food prices and shortages for people in Africa and Asia. He also cast doubts on diplomatic efforts to keep Russia involved in the deal.
“Of course, the partners are trying to convince the terrorist state to slow down the blackmail a little. But is it realistic? So far, the facts indicate that the Russian leadership is more interested in exacerbating the food crisis than in implementing the signed documents,” he said.
–Yusuif Khan contributed to this article.
Write to Jared Malsin at jared.malsin@wsj.com and Alistair MacDonald at alistair.macdonald@wsj.com

DJ CBOT Delivery Intentions: Totals – Oct 31
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
ROUGH RICE November Nov 01, 2022 428 Oct 27, 2022
SOYBEAN November Nov 01, 2022 440 Aug 12, 2022

WHEAT
General Comments: Wheat markets were a little lower last week and trends started to turn down again in the Winter Wheat markets. Trends are sideways in Minneapolis as the Spring Wheat Harvest is over. . The weekly export sales report showed stronger sales but the sales were not enough to turn trends up as export demand has generally been poor until now. Ideas are that weak demand can continue due in part to the stronger US Dollar. Russia is looking to export more and wants Ukraine to export less and to only countries it defines as poor. Russia still 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. The US central and southern Great Plains have been too hot and dry although there are some showers in the western Great Plains now. Conditions are called good for development of Winter Wheat in the Midwest.
Overnight News: The southern Great Plains should get scattered showers. Temperatures should average below normal. Northern areas should see mostly dry conditions . Temperatures will average below normal. The Canadian Prairies should see isolated showers. Temperatures should average below normal.
Chart Analysis: Trends in Chicago are mixed. Support is at 824, 819, and 800 December, with resistance at 863, 873, and 906 December. Trends in Kansas City are mixed. Support is at 922, 896, and 885 December, with resistance at 960, 985, and 997 December. Trends in Minneapolis are mixed. Support is at 938, 907, and 885 December, and resistance is at 971, 993, and 1001 December.

COT — Supplemental Report – Option and Futures Combined Positions as of October 25, 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 411,948
: Positions :
: 29,369 79,976 129,674 63,924 109,610 157,017 54,473 379,983 373,733: 31,965 38,215
: Changes from: October 18, 2022 (Change in open interest: 7,561) :
: 1,922 11,046 -3,061 7,304 -3,411 -927 679 5,239 5,254: 2,321 2,307
: Percent of Open Interest Represented by Each Category of Trader :
: 7.1 19.4 31.5 15.5 26.6 38.1 13.2 92.2 90.7: 7.8 9.3
: Total Traders: 341 Number of Traders in Each Category :
: 79 86 115 86 103 47 32 278 281:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of October 25, 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 174,982
: Positions :
: 23,051 17,224 35,515 36,874 88,856 57,726 10,731 153,166 152,327: 21,815 22,655
: Changes from: October 18, 2022 (Change in open interest: 65) :
: -1,730 542 1,673 534 -2,525 -395 903 82 593: -17 -528
: Percent of Open Interest Represented by Each Category of Trader :
: 13.2 9.8 20.3 21.1 50.8 33.0 6.1 87.5 87.1: 12.5 12.9
: Total Traders: 210 Number of Traders in Each Category :
: 41 39 54 61 75 37 17 170 158:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 25, 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 58,197 :
: Positions :
: 32,968 38,371 1,951 942 308 5,784 2,301 1,824 3,134 754 2,406 :
: Changes from: October 18, 2022 :
: -436 -939 172 0 -8 -337 -11 37 -62 -8 -211 :
: Percent of Open Interest Represented by Each Category of Trader :
: 56.6 65.9 3.4 1.6 0.5 9.9 4.0 3.1 5.4 1.3 4.1 :
: Number of Traders in Each Category Total Traders: 93 :
: 48 38 5 . . 9 8 6 7 4 7 :
—————————————————————————————————————-

RICE:
General Comments: Rice was a little lower again yesterday in part on shipping delays caused by the low river levels on the Mississippi and as the harvest pressure continued. Demand in general has been slow for Rice for both exports and domestic uses but export demand was improved this week at 39,500 tons. The weekly charts show that trends are down. Harvest progress is almost complete in Arkansas, the largest Rice producing state, and yields and quality are reported to be very strong. Mississippi is at harvest with much more mixed results. Producers are 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.
Overnight News: The Delta should get scattered showers. Temperatures should be near to above normal.
Chart Analysis: Trends are down with no objectives. Support is at 1592, 1588, and 1576 November and resistance is at 1625, 1634, and 1650 November

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 25, 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 9,141 :
: Positions :
: 5,564 3,272 0 0 0 394 2,315 9 553 1,349 755 :
: Changes from: October 18, 2022 :
: 654 -850 0 0 0 -699 584 -71 104 190 25 :
: Percent of Open Interest Represented by Each Category of Trader :
: 60.9 35.8 0.0 0.0 0.0 4.3 25.3 0.1 6.0 14.8 8.3 :
: Number of Traders in Each Category Total Traders: 58 :
: 18 16 0 0 0 . 13 . 7 10 . :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn and Oats closed a little lower last week in range trading. The weekly export sales report showed poor sales and was considered bearish for prices. Futures continue to hold support areas on the charts but fail at resistance areas. The Mississippi river is low due to the dry conditions seen in most of the central parts of the US and there are no forecasts for an improvement soon even with rain in the forecast for today. Barge traffic has been reduced. The cash market has been strong at the Gulf but weak in the Midwest river areas due to the low river levels. The demand side will need to be watched as Corn demand needs to hold to keep lower ending stocks estimates in play. There are 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. Export demand in general has been slow so far this year.
Overnight News:
Chart Analysis: Trends in Corn are mixed. Support is at 674, 672, and 665 December, and resistance is at 690, 700, and 706 December. Trends in Oats are down with objectives of 461 and 329 December. Support is at 339, 334, and 328 December, and resistance is at 373, 384, and 393 December.

COT — Supplemental Report – Option and Futures Combined Positions as of October 25, 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 1,862,587
: Positions :
: 264,854 80,150 510,981 466,316 957,484 449,400 87,912 1,691,551 1,636,528: 171,036 226,059
: Changes from: October 18, 2022 (Change in open interest: 6,299) :
: 6,751 -1,720 4,045 -9,108 12,792 2,033 -3,334 3,721 11,783: 2,578 -5,484
: Percent of Open Interest Represented by Each Category of Trader :
: 14.2 4.3 27.4 25.0 51.4 24.1 4.7 90.8 87.9: 9.2 12.1
: Total Traders: 813 Number of Traders in Each Category :
: 155 110 193 369 418 55 30 677 677:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 25, 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 4,522 :
: Positions :
: 1,430 1,622 0 0 0 0 1,238 0 636 0 285 :
: Changes from: October 18, 2022 :
: 414 -379 -232 0 0 0 436 0 -145 0 -12 :
: Percent of Open Interest Represented by Each Category of Trader :
: 31.6 35.9 0.0 0.0 0.0 0.0 27.4 0.0 14.1 0.0 6.3 :
: Number of Traders in Each Category Total Traders: 21 :
: 7 5 0 0 0 0 5 0 6 0 4 :
—————————————————————————————————————-

SOYBEANS
General Comments: Soybeans closed a little lower and the products were higher as the weekly export sales report for Soybeans was strong. Domestic demand should also be increasing for Soybeans as the crush spreads got richer and provided crushers with a big profit margin for their crushing The US is now more than 80% done with the harvest and a turn to higher prices becomes more possible. The rally potential might not be that great unless demand improves, and the US Dollar turns lower. Ideas that Brazil is off to a very good start. The Mississippi river is low due to the dry conditions seen in most of the central parts of the US and there are no forecasts for an improvement soon. Barge traffic has been reduced. 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 its old crop Soybeans, and South America as a whole is expected to produce a very big crop later this year for harvest next Spring as the weather outlook is positive for crops. 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 weaker in the Midwest but are strong at the Gulf. There are still Chinese lockdowns and there are fears that China has been importing less as a result. However, Chinese data showed huge imports from all sources in September. President Xi has been elected to a third term in China and has stocked the ruling body with his associates so there are fears that nothing will change soon there.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed. Support is at 1381, 1376, and 1367 January, and resistance is at 1409, 1420, and 1423 January. Trends in Soybean Meal are up with objectives of 434.00 and 454.00 December. Support is at 420.00, 418.00, and 415.00 December, and resistance is at 430.00 438.00, and 441.00 December. Trends in Soybean Oil are mixed. Support is at 6960, 6810, and 6710 December, with resistance at 7360, 7400, and 7460 December.

COT — Supplemental Report – Option and Futures Combined Positions as of October 25, 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 721,646
: Positions :
: 83,171 56,289 159,514 262,770 381,841 159,511 43,967 664,966 641,612: 56,679 80,034
: Changes from: October 18, 2022 (Change in open interest: -126,131) :
: 6,567 -9,685 -71,472 -52,801 -29,565 -8,166 -10,551 -125,871 -121,272: -260 -4,859
: Percent of Open Interest Represented by Each Category of Trader :
: 11.5 7.8 22.1 36.4 52.9 22.1 6.1 92.1 88.9: 7.9 11.1
: Total Traders: 543 Number of Traders in Each Category :
: 99 116 152 194 227 53 28 440 456:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of October 25, 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 482,923
: Positions :
: 85,977 28,972 112,703 121,826 293,826 123,700 21,537 444,206 457,038: 38,717 25,885
: Changes from: October 18, 2022 (Change in open interest: 23,802) :
: 15,464 1,865 1,712 1,985 17,174 4,328 191 23,489 20,942: 313 2,860
: Percent of Open Interest Represented by Each Category of Trader :
: 17.8 6.0 23.3 25.2 60.8 25.6 4.5 92.0 94.6: 8.0 5.4
: Total Traders: 294 Number of Traders in Each Category :
: 78 53 74 84 102 42 20 240 219:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of October 25, 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 426,681
: Positions :
: 83,758 13,753 77,521 93,377 296,333 118,362 12,933 373,018 400,539: 53,663 26,142
: Changes from: October 18, 2022 (Change in open interest: 12,185) :
: 10,983 -4,581 503 2,290 24,681 -1,649 -6,139 12,127 14,464: 58 -2,279
: Percent of Open Interest Represented by Each Category of Trader :
: 19.6 3.2 18.2 21.9 69.5 27.7 3.0 87.4 93.9: 12.6 6.1
: Total Traders: 259 Number of Traders in Each Category :
: 74 24 70 87 92 42 14 229 183:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: World vegetable oils prices were mixed last week, with Canola and Soybean Oil trading higher and Palm Oil lower. Palm Oil was lower on reports of light export demand. Palm Oil futures traded higher today. Ideas are that supply and production 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 and that data has been weaker so far this month. Export data has been strong this month from the private sources and MPOB reported improved demand last month. Production was also higher and ending stocks were up more than 10% to 2.315 million tons. Canola was higher last week. The Canola harvest is about over. Reports indicate that domestic demand has been strong due to favorable crush margins. The Canola growing conditions are much improved and production estimates are higher for the year.
Overnight News:
Chart Analysis: Trends in Canola are mixed. Support is at 858.00, 850.00, and 840.00 January, with resistance at 883.00, 898.00, and 904.00 January. Trends in Palm Oil are mixed. Support is at 3880, 3820, and 3630 January, with resistance at 4200, 4280, and 4380 January.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 25, 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 47,655 :
: Positions :
: 39,325 32,100 1,682 4,191 1,814 0 40 0 3,694 8,380 1,130 :
: Changes from: October 18, 2022 :
: 1,937 -83 0 -880 0 0 -40 0 -320 2,600 360 :
: Percent of Open Interest Represented by Each Category of Trader :
: 82.5 67.4 3.5 8.8 3.8 0.0 0.1 0.0 7.8 17.6 2.4 :
: Number of Traders in Each Category Total Traders: 29 :
: 9 9 . 4 . 0 . 0 . 6 . :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 25, 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 210,709 :
: Positions :
: 173,994 155,549 366 5,527 1,139 17,084 25,017 7,995 2,485 7,664 5,961 :
: Changes from: October 18, 2022 :
: -23,235 -14,783 23 -356 -1,327 3,152 -1,976 -5,231 -476 -2,593 -5,004 :
: Percent of Open Interest Represented by Each Category of Trader :
: 82.6 73.8 0.2 2.6 0.5 8.1 11.9 3.8 1.2 3.6 2.8 :
: Number of Traders in Each Category Total Traders: 260 :
: 47 62 . 7 5 40 34 20 44 57 35 :
—————————————————————————————————————-

DJ Malaysia Oct. 1-31 Palm Oil Exports 1,474,554 Tons, Up 12%, AmSpec Says
Malaysia’s palm oil exports during the Oct. 1-31 period are estimated up 12% on month at 1,474,554 metric tons, cargo surveyor AmSpec Agri Malaysia said Monday.
The following are the major items in the AmSpec estimate:
(All figures in metric tons)
Oct 1-31 Sept 1-30
RBD Palm Olein 535,473 474,378
RBD Palm Oil 78,585 119,682
RBD Palm Stearin 156,048 129,796
Crude Palm Oil 281,229 206,730
Total* 1,474,554 1,319,792
*Palm oil product volumes don’t add up to total as some products aren’t included.

Midwest Weather Forecast:: Showers and storms today. Temperatures should average above normal.

US Gulf Cash Basis

Corn HRW SRW Soybeans Soybean Meal Soybean Oil
October
225 Dec
235 Dec
200 Dec
245 Nov

November
225 Dec
235 Dec
200 Dec
245 Nov

December
195 Dec
205 Dec
160 Dec
205 Nov

DJ ICE Canada Cash Grain Close – Oct 28
WINNIPEG — The following are the closing cash
canola prices from ICE Futures.
Source: ICE Futures
Price Basis Contract Change
CANOLA
*Par Region 882.30 -19.90 Nov 2022 up 6.00
Track Thunder Bay 894.10 30.00 Jan 2023 dn 4.20
Track Vancouver 909.10 45.00 Jan 2023 dn 4.20
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 – Oct 31
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
Nov 917.50 +15.00 Unquoted – –
Dec 932.50 +15.00 Unquoted – –
Jan/Feb/Mar 947.50 +15.00 Unquoted – –
Apr/May/Jun 932.50 +10.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Nov 920.00 +15.00 Unquoted – –
Dec 935.00 +15.00 Unquoted – –
Jan/Feb/Mar 950.00 +15.00 Unquoted – –
Apr/May/Jun 935.00 +10.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Nov 830.00 +05.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Nov 740.00 -10.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Nov 3900.00 00.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Nov 240.00 +05.00 Unquoted – –
($1=MYR4.727)

DJ China Dalian Grain Futures Closing Prices, Volume – Oct 31
Soybean No. 1
Turnover: 142,593 lots, or 7.96 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-22 5,750 5,769 5,680 5,687 5,750 5,728 -22 1,362 2,510
Jan-23 5,581 5,617 5,562 5,571 5,581 5,589 8 123,729 168,620
Mar-23 5,482 5,525 5,482 5,492 5,500 5,507 7 13,170 45,587
May-23 5,516 5,548 5,503 5,505 5,517 5,528 11 4,236 9,922
Jul-23 5,504 5,515 5,466 5,485 5,494 5,497 3 75 2,363
Sep-23 5,487 5,490 5,461 5,461 5,472 5,484 12 21 490
Corn
Turnover: 666,700 lots, or 19.24 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-22 2,823 2,859 2,813 2,852 2,835 2,846 11 10,948 31,562
Jan-23 2,859 2,892 2,840 2,885 2,864 2,873 9 440,942 704,187
Mar-23 2,877 2,914 2,863 2,903 2,887 2,894 7 113,581 348,761
May-23 2,913 2,947 2,901 2,939 2,922 2,929 7 37,913 120,455
Jul-23 2,933 2,958 2,911 2,951 2,934 2,940 6 59,258 177,226
Sep-23 2,931 2,959 2,915 2,949 2,936 2,942 6 4,058 8,060
Soymeal
Turnover: 1,790,267 lots, or 71.66 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-22 4,843 4,900 4,815 4,900 4,863 4,853 -10 8,869 5,746
Dec-22 4,409 4,474 4,371 4,462 4,428 4,430 2 76,323 159,244
Jan-23 4,049 4,120 4,013 4,111 4,062 4,074 12 1,352,574 1,649,514
Mar-23 3,880 3,930 3,838 3,922 3,892 3,895 3 24,300 140,602
May-23 3,599 3,619 3,553 3,617 3,618 3,596 -22 267,144 443,482
Jul-23 3,558 3,575 3,516 3,561 3,576 3,552 -24 38,051 92,818
Aug-23 3,603 3,614 3,333 3,606 3,622 3,594 -28 9,789 35,578
Sep-23 3,561 3,578 3,420 3,563 3,581 3,556 -25 13,217 22,736
Palm Oil
Turnover: 1,236,233 lots, or 98.53 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-22 8,034 8,186 7,860 8,020 8,064 8,056 -8 865 3,101
Dec-22 7,938 8,176 7,860 8,072 8,094 8,028 -66 15,373 56,278
Jan-23 7,950 8,154 7,782 8,004 8,050 7,970 -80 1,103,741 438,845
Feb-23 7,960 8,190 7,816 7,996 8,062 8,012 -50 11,252 63,049
Mar-23 7,992 8,220 7,844 8,054 8,070 8,036 -34 7,613 40,953
Apr-23 7,966 8,180 7,818 8,028 8,056 7,992 -64 8,561 34,188
May-23 7,888 8,110 7,748 7,964 7,978 7,934 -44 79,735 110,044
Jun-23 7,830 8,048 7,688 7,892 7,932 7,862 -70 8,861 17,065
Jul-23 7,702 7,976 7,652 7,820 7,880 7,778 -102 9 141
Aug-23 7,682 7,872 7,594 7,716 7,766 7,746 -20 15 50
Sep-23 7,652 7,848 7,570 7,694 7,738 7,710 -28 207 364
Oct-23 7,742 7,742 7,742 7,742 7,728 7,742 14 1 4
Soybean Oil
Turnover: 887,759 lots, or 80.37 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-22 9,898 9,952 9,770 9,770 10,062 9,884 -178 785 2,338
Dec-22 9,568 9,632 9,434 9,512 9,666 9,544 -122 10,206 58,965
Jan-23 9,122 9,194 9,018 9,072 9,258 9,106 -152 788,615 434,959
Mar-23 8,654 8,742 8,538 8,612 8,736 8,642 -94 8,058 66,825
May-23 8,510 8,616 8,388 8,452 8,594 8,504 -90 66,489 89,834
Jul-23 8,404 8,514 8,302 8,352 8,484 8,414 -70 9,380 27,560
Aug-23 8,360 8,488 8,256 8,302 8,416 8,356 -60 3,097 22,037
Sep-23 8,364 8,422 8,200 8,232 8,404 8,318 -86 1,129 1,706
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