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 a little higher on Friday on some follow through selling tied to news that Russia had had decided to participate in the Ukraine grain export agreement after all and on news that exports from Ukraine were still going on. Futures were higher last week. A stronger US Dollar and the reduced pace of export sales for the US were bearish. Russia said that Ukraine sent drones out to harm its Black Sea fleet. Ideas are that weak demand can continue due in part to the stronger US Dollar. 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 were some showers in the western Great Plains this week. Conditions are called good for development of Winter Wheat in the Midwest.
Overnight News: The southern Great Plains should get mostly dry conditions. Temperatures should average above normal. Northern areas should see mostly dry conditions . Temperatures will average above normal. The Canadian Prairies should see scattered showers. Temperatures should average above normal.
Chart Analysis: Trends in Chicago are mixed. Support is at 823, 819, and 800 December, with resistance at 855, 863, and 868 December. Trends in Kansas City are mixed. Support is at 923, 915, and 896 December, with resistance at 960, 982, and 991 December. Trends in Minneapolis are mixed to down with objectives of 929 and 895 December. Support is at 933, 928, and 907 December, and resistance is at 965, 971, and 993 December.

COT — Supplemental Report – Option and Futures Combined Positions as of November 01, 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 435,024
: Positions :
: 33,848 86,277 142,830 67,024 113,729 159,541 54,166 403,243 397,002: 31,781 38,022
: Changes from: October 25, 2022 (Change in open interest: 23,076) :
: 4,479 6,301 13,156 3,101 4,119 2,524 -307 23,260 23,269: -183 -193
: Percent of Open Interest Represented by Each Category of Trader :
: 7.8 19.8 32.8 15.4 26.1 36.7 12.5 92.7 91.3: 7.3 8.7
: Total Traders: 342 Number of Traders in Each Category :
: 87 81 114 84 101 47 31 277 280:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of November 01, 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 179,185
: Positions :
: 22,832 18,044 38,443 36,365 88,046 59,300 11,389 156,941 155,923: 22,244 23,262
: Changes from: October 25, 2022 (Change in open interest: 4,203) :
: -219 820 2,928 -509 -810 1,575 658 3,774 3,596: 429 607
: Percent of Open Interest Represented by Each Category of Trader :
: 12.7 10.1 21.5 20.3 49.1 33.1 6.4 87.6 87.0: 12.4 13.0
: Total Traders: 201 Number of Traders in Each Category :
: 36 35 51 65 74 38 19 168 154:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 1, 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 57,724 :
: Positions :
: 32,586 38,325 2,119 943 205 5,992 2,178 1,902 3,254 1,008 2,572 :
: Changes from: October 25, 2022 :
: -382 -46 168 1 -103 208 -123 78 120 255 166 :
: Percent of Open Interest Represented by Each Category of Trader :
: 56.5 66.4 3.7 1.6 0.4 10.4 3.8 3.3 5.6 1.7 4.5 :
: Number of Traders in Each Category Total Traders: 98 :
: 49 37 5 . . 9 8 7 9 5 9 :
—————————————————————————————————————-

RICE:
General Comments: Rice was higher and closed near the highs of the weekly trading range. It has been a remarkable recovery from the recent lows as the market moved much higher in the first part of the week. The price recovery had been remarkable over the past week but some new selling might be found soon as futures and basis are now getting close to being profitable for producers to sell. Some selling was noted as 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 last week. The weekly charts show that trends are up. The weekly export sales report was strong and featured big sales to the Dominican Republic.
Overnight News: The Delta should get scattered showers. Temperatures should be near to above normal.
Chart Analysis: Trends are up with objectives of 1815 and 1850 January. Support is at 1745, 1732, and 1725 November and resistance is at 1793, 1799, and 1805 November

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 1, 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 8,251 :
: Positions :
: 4,669 3,255 0 0 0 230 2,058 129 725 813 907 :
: Changes from: October 25, 2022 :
: -895 -17 0 0 0 -164 -257 120 172 -536 152 :
: Percent of Open Interest Represented by Each Category of Trader :
: 56.6 39.5 0.0 0.0 0.0 2.8 24.9 1.6 8.8 9.9 11.0 :
: Number of Traders in Each Category Total Traders: 51 :
: 12 15 0 0 0 . 11 . 7 10 10 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn and Oats closed slightly higher last week. The price action in the second half of last week has not been strong in response to news that Russia had decided to participate after all in the Ukraine grain export program put together by the UN. Russia says that Ukraine sent drones out to its ships in the Black Sea to attack Weak demand for US Corn remains a big problem for the market.. 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 and was slow in the weekly export sales report.
Overnight News:
Chart Analysis: Trends in Corn are mixed. Support is at 680, 674, and 672 December, and resistance is at 700, 706, and 708 December. Trends in Oats are mixed. Support is at 377, 368, and 347 December, and resistance is at 400, 4010, and 420 December.

COT — Supplemental Report – Option and Futures Combined Positions as of November 01, 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 1,916,119
: Positions :
: 274,169 77,483 538,826 477,061 980,038 453,034 94,339 1,743,091 1,690,685: 173,028 225,433
: Changes from: October 25, 2022 (Change in open interest: 53,532) :
: 9,315 -2,667 27,846 10,745 22,553 3,635 6,426 51,540 54,158: 1,992 -626
: Percent of Open Interest Represented by Each Category of Trader :
: 14.3 4.0 28.1 24.9 51.1 23.6 4.9 91.0 88.2: 9.0 11.8
: Total Traders: 827 Number of Traders in Each Category :
: 160 110 203 369 424 54 29 685 691:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 1, 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 4,351 :
: Positions :
: 1,587 1,659 0 0 0 0 1,307 0 618 2 305 :
: Changes from: October 25, 2022 :
: 157 37 0 0 0 0 69 0 -18 2 20 :
: Percent of Open Interest Represented by Each Category of Trader :
: 36.5 38.1 0.0 0.0 0.0 0.0 30.0 0.0 14.2 0.1 7.0 :
: Number of Traders in Each Category Total Traders: 22 :
: 8 6 0 0 0 0 5 0 5 . 4 :
—————————————————————————————————————-

SOYBEANS
General Comments: Soybeans and the products were higher on Friday and Soybeans and Soybean Oil were higher for the week. Soybean Meal was lower. News was that the protests in Brazil over the new president are getting shut down and blockades are being cleared. Lula was the president before the last one and has now regained power. There have been protests that he won, mostly by truckers who had benefitted a lot from the policies of the former administration. Lula is also expected to be more environmentally conscious and that might mean less Soybeans down the road along with greater demand for Ethanol and other bio fuels. Soybean Meal was lower as Brazil is preparing to export a lot of meal to China. It submitted a list of approved firms to China last week. Domestic demand should be increasing for Soybeans as the crush spreads got richer and provided crushers with a big profit margin for their crushing Ideas are 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. 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 up with objectives of 1524 January. Support is at 1428, 1423, and 1409 January, and resistance is at 1468, 1485, and 1493 January. Trends in Soybean Meal are mixed to down with objectives of 400.00, 399.00, and 389.00 December. Support is at 414.00, 407.00, and 404.00 December, and resistance is at 425.00 431.00, and 441.00 December. Trends in Soybean Oil are up with objectives of 8260 December. Support is at 7390, 7360, and 7260 December, with resistance at 7820, 7940, and 8060 December.

COT — Supplemental Report – Option and Futures Combined Positions as of November 01, 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 669,123
: Positions :
: 104,766 47,552 139,863 213,406 360,655 161,524 42,146 619,558 590,215: 49,564 78,908
: Changes from: October 25, 2022 (Change in open interest: -52,523) :
: 21,595 -8,737 -19,651 -49,364 -21,187 2,013 -1,821 -45,408 -51,397: -7,115 -1,126
: Percent of Open Interest Represented by Each Category of Trader :
: 15.7 7.1 20.9 31.9 53.9 24.1 6.3 92.6 88.2: 7.4 11.8
: Total Traders: 554 Number of Traders in Each Category :
: 123 109 142 180 238 54 27 426 461:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of November 01, 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 493,168
: Positions :
: 89,247 29,298 117,952 118,520 296,529 127,398 23,148 453,118 466,927: 40,050 26,241
: Changes from: October 25, 2022 (Change in open interest: 10,245) :
: 3,270 326 5,250 -3,306 2,702 3,698 1,611 8,912 9,889: 1,333 356
: Percent of Open Interest Represented by Each Category of Trader :
: 18.1 5.9 23.9 24.0 60.1 25.8 4.7 91.9 94.7: 8.1 5.3
: Total Traders: 297 Number of Traders in Each Category :
: 76 55 73 85 103 44 20 244 217:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of November 01, 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 435,093
: Positions :
: 86,520 16,237 80,831 91,630 300,668 120,551 10,177 379,531 407,913: 55,561 27,180
: Changes from: October 25, 2022 (Change in open interest: 8,412) :
: 2,762 2,484 3,310 -1,748 4,335 2,189 -2,756 6,513 7,374: 1,899 1,038
: Percent of Open Interest Represented by Each Category of Trader :
: 19.9 3.7 18.6 21.1 69.1 27.7 2.3 87.2 93.8: 12.8 6.2
: Total Traders: 270 Number of Traders in Each Category :
: 75 33 75 83 92 46 18 239 193:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Palm Oil futures traded higher last week along with the price action in Chicago. Futures were higher again today on ideas of reduced production. 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. Demand reports for the current month were stronger yesterday. Canola was higher last week along with the price action in Chicago Soybean Oil and a weaker Canadian Dollar. 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 to up with objectives of 898.00 and 923.00 January . Support is at 882.00, 872.00, and 858.00 January, with resistance at 904.00, 910.00, and 916.00 January. Trends in Palm Oil are mixed. Support is at 4200, 3970, and 3890 January, with resistance at 4530, 4850, and 5030 January.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 1, 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 43,352 :
: Positions :
: 35,493 27,629 2,362 4,331 1,912 0 40 0 2,965 8,830 610 :
: Changes from: October 25, 2022 :
: -3,832 -4,471 680 140 98 0 0 0 -729 450 -520 :
: Percent of Open Interest Represented by Each Category of Trader :
: 81.9 63.7 5.4 10.0 4.4 0.0 0.1 0.0 6.8 20.4 1.4 :
: Number of Traders in Each Category Total Traders: 29 :
: 9 8 . 4 4 0 . 0 . 7 . :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 1, 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 220,741 :
: Positions :
: 177,001 165,427 2,013 4,661 519 18,069 23,694 9,061 3,565 7,091 8,680 :
: Changes from: October 25, 2022 :
: 3,007 9,878 1,648 -866 -620 985 -1,323 1,066 1,080 -573 2,719 :
: Percent of Open Interest Represented by Each Category of Trader :
: 80.2 74.9 0.9 2.1 0.2 8.2 10.7 4.1 1.6 3.2 3.9 :
: Number of Traders in Each Category Total Traders: 265 :
: 47 65 . 7 5 49 29 20 52 44 37 :
—————————————————————————————————————-

Midwest Weather Forecast:: Mostly dry 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 – Nov 4
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 896.90 0.00 Jan. 2023 up 2.10
Basis: Thunder Bay 933.40 35.00 Jan. 2023 dn 3.50
Basis: Vancouver 948.40 50.00 Jan. 2023 dn 3.50
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 – November 7
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 982.50 +15.00 Unquoted – –
Dec 992.50 +10.00 Unquoted – –
Jan/Feb/Mar 1017.50 +10.00 Unquoted – –
Apr/May/Jun 1002.50 +05.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Nov 985.00 +15.00 Unquoted – –
Dec 995.00 +10.00 Unquoted – –
Jan/Feb/Mar 1020.00 +10.00 Unquoted – –
Apr/May/Jun 1005.00 +05.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Nov 870.00 -05.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Nov 780.00 0.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Nov 4270.00 +70.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Nov 244.00 +04.00 Unquoted – –
($1=MYR4.738)

DJ China Dalian Grain Futures Closing Prices, Volume – Nov 07
Soybean No. 1
Turnover: 162,658 lots, or 9.03 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-22 5,667 5,736 5,667 5,736 5,727 5,701 -26 2 2,480
Jan-23 5,552 5,592 5,535 5,562 5,595 5,565 -30 132,702 151,043
Mar-23 5,511 5,513 5,468 5,485 5,511 5,491 -20 14,668 46,592
May-23 5,520 5,536 5,488 5,510 5,541 5,511 -30 11,418 20,846
Jul-23 5,469 5,493 5,448 5,464 5,494 5,467 -27 2,527 7,922
Sep-23 5,420 5,456 5,420 5,431 5,460 5,435 -25 1,341 5,418
Corn
Turnover: 505,886 lots, or 14.62 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-22 2,849 2,859 2,847 2,859 2,834 2,851 17 486 9,152
Jan-23 2,870 2,888 2,862 2,887 2,856 2,876 20 339,081 665,815
Mar-23 2,880 2,906 2,880 2,904 2,874 2,894 20 89,689 387,281
May-23 2,920 2,943 2,920 2,941 2,912 2,933 21 31,868 128,708
Jul-23 2,930 2,953 2,930 2,952 2,926 2,943 17 42,383 198,536
Sep-23 2,932 2,951 2,932 2,949 2,929 2,942 13 2,379 8,574
Soymeal
Turnover: 1,503,865 lots, or 62.12 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-22 5,008 5,008 4,994 4,994 4,927 4,996 69 11 5,144
Dec-22 4,570 4,593 4,528 4,557 4,554 4,556 2 71,935 53,169
Jan-23 4,198 4,226 4,167 4,218 4,188 4,197 9 1,138,890 1,629,249
Mar-23 4,013 4,057 4,000 4,053 4,018 4,027 9 40,730 189,579
May-23 3,730 3,753 3,713 3,742 3,723 3,731 8 213,538 531,978
Jul-23 3,677 3,703 3,670 3,696 3,674 3,685 11 21,671 116,319
Aug-23 3,728 3,739 3,707 3,739 3,708 3,719 11 8,396 62,609
Sep-23 3,668 3,690 3,659 3,686 3,660 3,673 13 8,694 31,268
Palm Oil
Turnover: 1,263,371 lots, or 10.72 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-22 8,370 8,390 8,252 8,390 8,478 8,332 -146 116 3,005
Dec-22 8,584 8,670 8,354 8,494 8,484 8,486 2 27,128 20,229
Jan-23 8,630 8,676 8,316 8,500 8,490 8,488 -2 1,059,428 448,604
Feb-23 8,632 8,700 8,376 8,554 8,514 8,538 24 17,459 73,988
Mar-23 8,706 8,742 8,440 8,606 8,560 8,590 30 11,415 52,241
Apr-23 8,628 8,706 8,394 8,570 8,532 8,566 34 4,777 39,368
May-23 8,620 8,632 8,320 8,508 8,456 8,474 18 129,546 123,927
Jun-23 8,536 8,556 8,244 8,432 8,352 8,396 44 8,797 25,655
Jul-23 8,470 8,474 8,172 8,348 8,300 8,308 8 4,468 10,099
Aug-23 8,316 8,332 8,128 8,128 8,108 8,218 110 5 62
Sep-23 8,280 8,292 8,046 8,210 8,142 8,168 26 222 528
Oct-23 8,164 8,198 7,908 8,116 8,136 8,104 -32 10 11
Soybean Oil
Turnover: 749,435 lots, or 71.37 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-22 – – – 10,194 10,194 10,194 0 0 1,806
Dec-22 10,022 10,100 9,852 9,912 9,954 9,944 -10 14,013 26,154
Jan-23 9,678 9,752 9,474 9,566 9,566 9,596 30 642,759 439,163
Mar-23 9,238 9,304 9,068 9,168 9,132 9,168 36 10,793 72,108
May-23 9,002 9,072 8,806 8,952 8,920 8,932 12 70,685 112,738
Jul-23 8,892 8,940 8,678 8,816 8,780 8,806 26 6,662 40,072
Aug-23 8,868 8,892 8,644 8,768 8,746 8,748 2 3,315 24,881
Sep-23 8,838 8,848 8,602 8,732 8,710 8,722 12 1,208 2,044
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