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

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DJ CBOT Delivery Intentions: Totals – Nov 15
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
ROUGH RICE November Nov 16, 2022 152 Nov 14, 2022
SOYBEAN November Nov 16, 2022 55 Nov 14, 2022

DJ USDA Grain Inspections for Export in Metric Tons – Nov 14
WA_GR101
Washington, DC Mon Nov 14, 2022 USDA Market News
COUNTRY OF DESTINATION IS REPORTED AS KNOWN AT THE TIME OF EXPORTATION.
INFORMATION CONTAINED IN THIS REPORT REFLECTS EXPORTED GRAIN INSPECTED
AND WEIGHED THROUGH THE AUTHORITY UNDER THE U.S. GRAIN STANDARDS ACT.
NO ADDITIONAL ANALYSIS, COMPILATIONS OR DATA IS AVAILABLE.
SOURCE: USDA, FGIS;
GRAINS INSPECTED AND/OR WEIGHED FOR EXPORT
REPORTED IN WEEK ENDING NOV 10, 2022
— METRIC TONS —
————————————————————————-
CURRENT PREVIOUS
———– WEEK ENDING ———- MARKET YEAR MARKET YEAR
GRAIN 11/10/2022 11/03/2022 11/11/2021 TO DATE TO DATE
BARLEY 147 0 0 1,708 9,743
CORN 484,001 232,510 866,891 4,932,666 7,001,078
FLAXSEED 100 0 0 200 24
MIXED 0 0 0 0 0
OATS 0 0 0 6,486 300
RYE 0 0 0 0 0
SORGHUM 2,559 4,671 10,509 220,499 514,703
SOYBEANS 1,857,872 2,606,157 2,434,312 14,691,125 16,624,859
SUNFLOWER 96 0 0 2,160 432
WHEAT 76,408 181,989 400,219 9,905,517 10,320,335
Total 2,421,183 3,025,327 3,711,931 29,760,361 34,471,474
—————————————————————————-

Crop Progress
Date 13-Nov 6-Nov 2021 Avg
Cotton Harvested 71 62 64 63
Corn Har vested 93 87 90 85
Soybeans Harvested 96 94 91 91
Sorghum Harvested 93 87 89 86
Peanuts Harvested 91 86 89 87
Winter Wheat Planted 96 92 94 93
Winter Wheat Emerged 81 73 80 81
Sunflowers Harvested 91 81 81 71
Sugarbeets Harvested 98 94 99 98

Crop Condition
Very Poor Poor Fair Good Excellent
Winter Wheat This Week 14 18 36 27 5
Winter Wheat Last Week 15 19 36 25 5
Winter Wheat Last Year 7 13 34 39 7

WHEAT
General Comments: Wheat markets were lower to start the daya in part on follow through selling in response to the USDA report and in part on ideas that a new Russia-Ukraine export agreement will be reached and exports from both countries will be likely and will likely increase in volume. Russia said that negotiations are going well, but there has been no agreement yet and something could easily come up to derail the talks. A cut in demand and an increase in ending stocks was seen in the reports last week but the increase in ending stocks was only 10 million bushels and smaller than expected. The reduced pace of export sales for the US were bearish. The demand for US Wheat still needs to show up and right now there is no demand news to help support futures.
Overnight News: The southern Great Plains should get mostly dry conditions. Temperatures should average below normal. Northern areas should see heavy snow. Temperatures will average below normal. The Canadian Prairies should see mostly dry conditions. Temperatures should average below normal.
Chart Analysis: Trends in Chicago are mixed to down with objectives of 762 December. Support is at 796, 791, and 783 December, with resistance at 829, 834, and 864 December. Trends in Kansas City are mixed. Support is at 938, 917. and 915 December, with resistance at 972, 982, and 9891 December. Trends in Minneapolis are mixed. Support is at 946, 933, and 929 December, and resistance is at 973, 993, and 1022 December.

COT — Supplemental Report – Option and Futures Combined Positions as of November 08, 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 443,703
: Positions :
: 31,551 90,033 152,535 67,238 112,344 158,231 49,195 409,554 404,106: 34,149 39,597
: Changes from: November 1, 2022 (Change in open interest: 8,679) :
: -2,296 3,755 9,705 214 -1,385 -1,311 -4,971 6,311 7,104: 2,368 1,575
: Percent of Open Interest Represented by Each Category of Trader :
: 7.1 20.3 34.4 15.2 25.3 35.7 11.1 92.3 91.1: 7.7 8.9
: Total Traders: 350 Number of Traders in Each Category :
: 80 90 126 83 102 44 30 282 292:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of November 08, 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 172,714
: Positions :
: 23,082 16,832 35,994 35,046 86,829 57,052 10,721 151,174 150,376: 21,541 22,339
: Changes from: November 1, 2022 (Change in open interest: -6,470) :
: 250 -1,212 -2,449 -1,319 -1,217 -2,248 -669 -5,767 -5,547: -703 -923
: Percent of Open Interest Represented by Each Category of Trader :
: 13.4 9.7 20.8 20.3 50.3 33.0 6.2 87.5 87.1: 12.5 12.9
: Total Traders: 208 Number of Traders in Each Category :
: 48 31 58 63 72 36 17 173 160:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 8, 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 52,363 :
: Positions :
: 28,762 33,770 2,210 300 205 5,297 2,242 2,079 2,900 859 1,868 :
: Changes from: November 1, 2022 :
: -3,824 -4,555 91 -643 0 -695 64 177 -354 -150 -704 :
: Percent of Open Interest Represented by Each Category of Trader :
: 54.9 64.5 4.2 0.6 0.4 10.1 4.3 4.0 5.5 1.6 3.6 :
: Number of Traders in Each Category Total Traders: 94 :
: 51 40 5 . . 9 9 8 6 4 7 :
—————————————————————————————————————-

RICE:
General Comments: Rice was a little lower yesterday in consolidation trading. The market recovered from early lows and closed inside the recent trading range. USDA on Wednesday cut export demand by 4.0 million cwt but increased domestic demand by 1.0 million cwt for an overall increase of 2.0 million cwt. The supply side showed reduced yields and production. Some new Rice producer selling might be found soon as futures and basis are now getting close to being profitable for producers to sell. 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.
Overnight News: The Delta should get scattered showers. Temperatures should be near to above normal.
Chart Analysis: Trends are up with objectives of 1805 and 1850 January. Support is at 1781, 1770, and 1745 November and resistance is at 1805, 1855, and 1867 November.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 8, 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 7,947 :
: Positions :
: 4,440 4,468 0 0 0 375 1,205 5 702 615 845 :
: Changes from: November 1, 2022 :
: -230 1,213 0 0 0 145 -853 -124 -23 -198 -62 :
: Percent of Open Interest Represented by Each Category of Trader :
: 55.9 56.2 0.0 0.0 0.0 4.7 15.2 0.1 8.8 7.7 10.6 :
: Number of Traders in Each Category Total Traders: 48 :
: 13 17 0 0 0 . 5 . 9 6 9 :
—————————————————————————————————————

CORN AND OATS
General Comments: Corn closed a little lower and Oats closed a little higher yesterday, with Corn lower on selling from the lack of export demand and a lack of news in general. USDA last week increased yields and production a little and increased demand a little to produce only a minor increase in ending stocks estimates. Domestic demand was increased while export demand was left unchanged. Weak demand for US Corn remains a big problem for the market and USDA was expected to cut demand and raise ending stocks in its coming WASDE reports. The Mississippi river remains low due to the dry conditions seen in most of the central parts of the US . 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. 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: Mexico bought 230,185 tons of US Corn.
Chart Analysis: Trends in Corn are mixed to down with objectives of 649 and 623 December. Support is at 652, 647, and 643 December, and resistance is at 662, 672 and 674 December. Trends in Oats are mixed to up with objectives of 411, 426, and 435 December. Support is at 388, 385, and 376 December, and resistance is at 395, 400, and 410 December.

COT – Supplemental Report – Option and Futures Combined Positions as of November 08, 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 1,920,077
: Positions :
: 247,355 94,114 535,727 502,275 967,299 459,843 99,271 1,745,200 1,696,412: 174,877 223,665
: Changes from: November 1, 2022 (Change in open interest: 3,959) :
: -26,814 16,631 -3,099 25,214 -12,738 6,809 4,933 2,109 5,727: 1,849 -1,768
: Percent of Open Interest Represented by Each Category of Trader :
: 12.9 4.9 27.9 26.2 50.4 23.9 5.2 90.9 88.4: 9.1 11.6
: Total Traders: 826 Number of Traders in Each Category :
: 153 119 204 380 419 53 29 695 688:

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 8, 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 4,664 :
: Positions :
: 2,014 1,976 0 0 0 0 1,203 0 635 0 393 :
: Changes from: November 1, 2022 :
: 427 317 0 0 0 0 -104 0 17 -2 89 :
: Percent of Open Interest Represented by Each Category of Trader :
: 43.2 42.4 0.0 0.0 0.0 0.0 25.8 0.0 13.6 0.0 8.4 :
: Number of Traders in Each Category Total Traders: 22 :
: 9 6 0 0 0 0 4 0 5 . 4 :

SOYBEANS
General Comments: Soybeans and the products were lower yesterday. News on Friday that China was relaxing Covid restriction supported the market on Friday. China will now require eight days in quarantine instead of two weeks or more.. USDA increased yields in its reports on Wednesday and left demand alone. Ending stocks were higher than the trade anticipated at 220 million bushels. Export demand for the US is heating up even with no new announcements made yesterday and the new demand could not come at a better time.. Domestic demand should be increasing for Soybeans as the crush spreads got richer and provided crushers with a big profit margin for their crushing Export demand has suffered due to the lack of good buying by China, but China was a very active buyer last week. 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 but some rain fell in the basin last week and river levels should work a little higher. Barge traffic has been reduced but could increase with the improved river flows. The trade is worried about demand due to a lack of Chinese interest. 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. Production potential is already being hurt in Argentina. US production ideas remain strong after mostly good weather in August.
Overnight News: Mexico bought 261,272 tons of US Soybeans
Chart Analysis: Trends in Soybeans are mixed. Support is at 1428, 1421, and 1409 January, and resistance is at 1459, 1469, and 1485 January. Trends in Soybean Meal are mixed to down with objectives of 399.00, 397,00, and 389,00 December. Support is at 404.00, 399.00, and 392.00 December, and resistance is at 414.00 417.00, and 423.00 December. Trends in Soybean Oil are mixed. Support is at 7440, 7360, and 7260 December, with resistance at 7710, 7820, and 7940 December.

COT — Supplemental Report – Option and Futures Combined Positions as of November 08, 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 703,484
: Positions :
: 103,131 47,368 156,918 228,623 376,534 164,035 43,883 652,708 624,703: 50,777 78,781
: Changes from: November 1, 2022 (Change in open interest: 34,362) :
: -1,634 -184 17,056 15,217 15,880 2,511 1,737 33,149 34,488: 1,212 -127
: Percent of Open Interest Represented by Each Category of Trader :
: 14.7 6.7 22.3 32.5 53.5 23.3 6.2 92.8 88.8: 7.2 11.2
: Total Traders: 561 Number of Traders in Each Category :
: 127 103 152 184 240 53 29 438 468:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of November 08, 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 518,361
: Positions :
: 91,989 27,776 124,679 134,607 317,900 127,091 20,323 478,367 490,679: 39,994 27,682
: Changes from: November 1, 2022 (Change in open interest: 25,192) :
: 2,742 -1,521 6,727 16,087 21,372 -307 -2,825 25,249 23,752: -56 1,441
: Percent of Open Interest Represented by Each Category of Trader :
: 17.7 5.4 24.1 26.0 61.3 24.5 3.9 92.3 94.7: 7.7 5.3
: Total Traders: 299 Number of Traders in Each Category :
: 84 52 75 82 101 43 21 244 219:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of November 08, 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 453,467
: Positions :
: 85,356 16,098 91,557 92,151 304,577 126,711 12,215 395,774 424,448: 57,692 29,019
: Changes from: November 1, 2022 (Change in open interest: 18,374) :
: -1,164 -139 10,726 521 3,910 6,160 2,038 16,243 16,535: 2,131 1,839
: Percent of Open Interest Represented by Each Category of Trader :
: 18.8 3.6 20.2 20.3 67.2 27.9 2.7 87.3 93.6: 12.7 6.4
: Total Traders: 270 Number of Traders in Each Category :
: 75 32 70 85 90 45 18 241 186:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Palm Oil futures were higher after the lower move yesterday. China has relaxed some Covid restrictions so that quarantines now need to be eight days instead of at least two weeks. The MPOB data released on Thursday that showed the largest stocks in three years as production improved more than exports did. 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 mixed yesterday, with the front months a little higher and deferred months a little lower. Reports indicate that domestic demand has been strong due to favorable crush margins. The Canola growing conditions were much improved and production estimates are higher for the year.
Overnight News:
Chart Analysis: Trends in Canola are mixed . Support is at 880.00, 872.00, and 858.00 January, with resistance at 946.00, 907.00, and 912.00 January. Trends in Palm Oil are mixed to down with objectives of 4150 and 3900 February. Support is at 4120, 4000, and 3880 February, with resistance at 4360, 4400, and 4520 February.

DJ Malaysia November 1-15 Palm Oil Exports Up 3.5%, SGS Says
Malaysia’s palm oil exports during the November 1-15 period are estimated up 3.5% on month at 662,816 metric tons, cargo surveyor SGS (Malaysia) Bhd. said Tuesday.
The following are the major items in the SGS estimate:
(All figures in metric tons)
RBD Palm Olein 147,844 193,512
RBD Palm Oil 44,267 36,870
RBD Palm Stearin 62,290 69,247
Crude Palm Oil 193,360 88,250
Total* 662,816 640,119
*Palm oil product volumes don’t add up to total as some products aren’t included
SGS Malaysia is a division of the Switzerland-based Societe Generale de Surveillance Group.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 8, 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 44,598 :
: Positions :
: 36,369 28,065 2,242 4,691 2,172 40 0 0 2,885 8,790 880 :
: Changes from: November 1, 2022 :
: 876 436 -120 360 260 40 -40 0 -80 -40 270 :
: Percent of Open Interest Represented by Each Category of Trader :
: 81.5 62.9 5.0 10.5 4.9 0.1 0.0 0.0 6.5 19.7 2.0 :
: Number of Traders in Each Category Total Traders: 28 :
: 9 9 . 4 4 . 0 0 . 6 . :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 8, 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 231,697 :
: Positions :
: 183,205 181,612 2,042 4,388 641 25,882 22,139 7,223 3,485 7,213 7,071 :
: Changes from: November 1, 2022 :
: 6,204 16,184 29 -273 123 7,813 -1,555 -1,838 -80 122 -1,609 :
: Percent of Open Interest Represented by Each Category of Trader :
: 79.1 78.4 0.9 1.9 0.3 11.2 9.6 3.1 1.5 3.1 3.1 :
: Number of Traders in Each Category Total Traders: 275 :
: 53 66 . 6 5 53 29 21 53 45 45 :
—————————————————————————————————————-

Midwest Weather Forecast:: Mostly dry today. Temperatures should average above normal.

US Gulf Cash Basis

Corn HRW SRW Soybeans Soybean Meal Soybean Oil
November
260 Dec
235 Dec
200 Dec
260 Jan

December
225 Dec
235 Dec
160 Dec
260 Jan

January
160 Mar
183 Mar
135 Mar
235 Mar

DJ ICE Canada Cash Grain Close – Nov 14
WINNIPEG — The following are the closing cash
canola prices from ICE Futures.
Source: ICE Futures
Price Basis Contract Change
CANOLA
*Par Region 873.20 -10.00 Jan 2023 dn 8.30
Track Thunder Bay 919.90 35.00 Jan 2023 up 1.70
Track Vancouver 934.90 50.00 Jan 2023 up 1.70
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 – Nov 15
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Tuesday, 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 957.50 00.00 Unquoted – –
Dec 962.50 00.00 Unquoted – –
Jan/Feb/Mar 967.50 -10.00 Unquoted – –
Apr/May/Jun 962.50 -10.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Nov 960.00 00.00 Unquoted – –
Dec 965.00 00.00 Unquoted – –
Jan/Feb/Mar 970.00 -10.00 Unquoted – –
Apr/May/Jun 965.00 -10.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Nov 860.00 -05.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Nov 750.00 -30.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Nov 4050.00 00.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Nov 230.00 -02.00 Unquoted – –
($1=MYR4.541)

DJ China Dalian Grain Futures Closing Prices, Volume – Nov 15
Soybean No. 1
Turnover: 81,410 lots, or 4.55 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-23 5,630 5,630 5,593 5,617 5,635 5,614 -21 62,548 93,727
Mar-23 5,526 5,534 5,510 5,522 5,549 5,524 -25 8,510 37,605
May-23 5,505 5,546 5,505 5,513 5,542 5,521 -21 6,419 24,265
Jul-23 5,488 5,495 5,470 5,492 5,509 5,486 -23 1,183 10,723
Sep-23 5,458 5,470 5,438 5,464 5,473 5,460 -13 1,241 7,541
Nov-23 5,405 5,451 5,405 5,441 5,473 5,441 -32 1,509 1,281
Corn
Turnover: 558,567 lots, or 16.01 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-23 2,853 2,864 2,833 2,840 2,870 2,849 -21 336,795 594,528
Mar-23 2,882 2,887 2,857 2,861 2,892 2,873 -19 102,604 426,171
May-23 2,913 2,923 2,892 2,899 2,925 2,906 -19 44,440 154,457
Jul-23 2,905 2,916 2,891 2,894 2,925 2,906 -19 43,387 222,966
Sep-23 2,922 2,922 2,884 2,898 2,926 2,908 -18 6,299 10,779
Nov-23 2,888 2,918 2,885 2,897 2,926 2,904 -22 25,042 13,843
Soymeal
Turnover: 1,050,831 lots, or 42.47 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Dec-22 4,588 4,625 4,573 4,592 4,608 4,599 -9 14,026 26,203
Jan-23 4,169 4,182 4,131 4,149 4,191 4,155 -36 755,314 1,483,165
Mar-23 4,007 4,007 3,953 3,969 4,013 3,976 -37 34,870 193,236
May-23 3,675 3,700 3,648 3,663 3,706 3,674 -32 210,770 629,538
Jul-23 3,644 3,661 3,609 3,623 3,670 3,633 -37 18,946 116,161
Aug-23 3,688 3,699 3,660 3,669 3,699 3,677 -22 3,481 66,643
Sep-23 3,647 3,659 3,623 3,634 3,656 3,641 -15 8,587 41,940
Nov-23 3,624 3,637 3,578 3,590 3,656 3,592 -64 4,837 3,912
Palm Oil
Turnover: 1,150,954 lots, or 94.62 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Dec-22 8,246 8,358 8,142 8,220 8,534 8,248 -286 6,038 2,757
Jan-23 8,188 8,326 8,088 8,194 8,438 8,214 -224 1,006,498 405,333
Feb-23 8,286 8,398 8,174 8,300 8,530 8,300 -230 16,713 78,673
Mar-23 8,342 8,444 8,228 8,354 8,566 8,348 -218 10,636 56,450
Apr-23 8,332 8,412 8,210 8,320 8,532 8,326 -206 3,657 40,353
May-23 8,258 8,342 8,144 8,254 8,444 8,258 -186 96,120 142,534
Jun-23 8,188 8,268 8,070 8,172 8,414 8,194 -220 6,409 27,536
Jul-23 8,136 8,202 8,008 8,108 8,318 8,144 -174 4,608 17,241
Aug-23 – – – 8,066 8,156 8,066 -90 0 53
Sep-23 8,038 8,080 7,912 7,984 8,102 8,014 -88 254 545
Oct-23 8,018 8,058 7,920 7,920 8,156 8,016 -140 19 41
Nov-23 7,982 7,982 7,982 7,982 8,156 7,982 -174 2 2
Soybean Oil
Turnover: 717,865 lots, or 65.19 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Dec-22 9,488 9,628 9,460 9,560 9,626 9,498 -128 4,172 5,088
Jan-23 9,122 9,192 9,044 9,150 9,222 9,128 -94 627,888 419,006
Mar-23 8,898 8,982 8,840 8,918 9,018 8,924 -94 8,569 77,309
May-23 8,658 8,770 8,618 8,696 8,786 8,698 -88 71,377 140,255
Jul-23 8,562 8,668 8,526 8,572 8,700 8,600 -100 2,390 44,833
Aug-23 8,556 8,626 8,488 8,548 8,648 8,548 -100 1,442 27,590
Sep-23 8,494 8,572 8,440 8,490 8,572 8,508 -64 1,049 4,319
Nov-23 8,488 8,498 8,370 8,438 8,572 8,442 -130 978 572
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