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 Summary for November USDA Monthly Cattle on Feed Data
Data from the U.S. Department of Agriculture’s monthly cattle-on-feed report, released at 3:00 p.m. ET Friday, and analysts’ estimates as compiled by the Wall Street Journal. In million head.
Numbers USDA’s Average Range
2022 2021 estimated of analysts’ of analysts’
% of prev yr estimates estimates
On-feed Nov 1 11.706M 11.948M 98 98.3 97.8- 99.1
Placed in Oct 2.108M 2.246M 94 96.4 94.6- 100.0
Marketed in Oct 1.802M 1.791M 101 100.8 100.5- 101.7
Note: USDA rounds its estimates to the nearest whole number.

WHEAT
General Comments: Wheat markets were a little lower on follow through selling tied to news that a new Russia-Ukraine export agreement was reached and exports from both countries will be likely and will likely increase in volume. The weekly charts for all three markets show sideways trends but demand fundamentals remain bearish. 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 isolated show showers. Temperatures should average below normal. Northern areas should see isolated snow. Temperatures will average below normal. The Canadian Prairies should see isolated snow. Temperatures should average below normal.
Chart Analysis: Trends in Chicago are mixed. Support is at 796, 791, and 783 December, with resistance at 834, 843, and 864 December. Trends in Kansas City are mixed. Support is at 917, 915, and 896 December, with resistance at 945, 975, and 982 December. Trends in Minneapolis are mixed. Support is at 946, 933, and 929 December, and resistance is at 973, 983, and 993 December.

COT — Supplemental Report – Option and Futures Combined Positions as of November 15, 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 448,452
: Positions :
: 31,597 92,087 152,452 70,677 111,105 157,819 50,762 412,545 406,406: 35,908 42,047
: Changes from: November 8, 2022 (Change in open interest: 4,749) :
: 45 2,054 -83 3,439 -1,238 -412 1,567 2,990 2,299: 1,759 2,449
: Percent of Open Interest Represented by Each Category of Trader :
: 7.0 20.5 34.0 15.8 24.8 35.2 11.3 92.0 90.6: 8.0 9.4
: Total Traders: 339 Number of Traders in Each Category :
: 82 87 106 83 99 46 30 267 276:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of November 15, 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 173,978
: Positions :
: 20,824 17,159 34,039 37,169 87,141 59,569 12,782 151,601 151,121: 22,377 22,857
: Changes from: November 8, 2022 (Change in open interest: 1,264) :
: -2,258 326 -1,954 2,123 312 2,516 2,062 427 745: 837 519
: Percent of Open Interest Represented by Each Category of Trader :
: 12.0 9.9 19.6 21.4 50.1 34.2 7.3 87.1 86.9: 12.9 13.1
: Total Traders: 209 Number of Traders in Each Category :
: 44 33 59 61 76 38 19 173 164:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 15, 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 48,903 :
: Positions :
: 28,474 30,154 1,922 300 77 2,437 2,279 1,678 2,708 1,085 2,202 :
: Changes from: November 8, 2022 :
: -288 -3,617 -288 0 -128 -2,860 37 -401 -192 226 333 :
: Percent of Open Interest Represented by Each Category of Trader :
: 58.2 61.7 3.9 0.6 0.2 5.0 4.7 3.4 5.5 2.2 4.5 :
: Number of Traders in Each Category Total Traders: 86 :
: 49 37 4 . . 5 9 7 6 5 8 :
—————————————————————————————————————-

RICE:
General Comments: Rice was higher Friday and trends turned mixed on the daily charts. Futures failed to move above 1800 January again this week but the weekly charts showed a positive close and the potential to finally get above that strong resistance area. It seemed that the market found some Rice this week and now has enough for current needs. Some new Rice producer selling might be found soon as futures and basis are now getting close to being profitable for producers to sell. Most Rice farmers were not paying much attention to the market as they are involve4d in other pursuits. Demand in general has been slow for Rice for both exports and domestic uses.
Overnight News: The Delta should get scattered showers. Temperatures should be near to above normal.
Chart Analysis: Trends are mixed. Support is at 1770, 1752, and 1745 January and resistance is at 1797, 1805, and 1855 January.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 15, 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 8,488 :
: Positions :
: 4,464 5,075 0 0 0 1,313 980 1 612 837 672 :
: Changes from: November 8, 2022 :
: 24 607 0 0 0 938 -225 -4 -90 222 -173 :
: Percent of Open Interest Represented by Each Category of Trader :
: 52.6 59.8 0.0 0.0 0.0 15.5 11.5 0.0 7.2 9.9 7.9 :
: Number of Traders in Each Category Total Traders: 51 :
: 13 20 0 0 0 8 . . 7 8 6 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn and Oats closed mixed on Friday on stronger than expected weekly export sales for Corn. The weekly charts show that Corn is against resistance areas but Oat appear to be putting together a longer term bottom. Weak demand overall 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. Some water has been falling in the basin now in the form of rain and snow so conditions should be improving but the improvement for now appears to be short term. 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:
Chart Analysis: Trends in Corn are mixed. Support is at 661, 651, and 647 December, and resistance is at 675, 677 and 679 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 400, 410, and 420 December.

COT — Supplemental Report – Option and Futures Combined Positions as of November 15, 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 1,851,206
: Positions :
: 194,787 91,170 518,377 502,355 929,749 459,189 97,837 1,674,708 1,637,133: 176,498 214,073
: Changes from: November 8, 2022 (Change in open interest: -68,872) :
: -52,569 -2,945 -17,350 80 -37,550 -654 -1,434 -70,492 -59,279: 1,621 -9,593
: Percent of Open Interest Represented by Each Category of Trader :
: 10.5 4.9 28.0 27.1 50.2 24.8 5.3 90.5 88.4: 9.5 11.6
: Total Traders: 806 Number of Traders in Each Category :
: 149 113 199 375 410 54 30 684 674:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 15, 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 4,523 :
: Positions :
: 1,875 1,839 0 0 0 0 1,180 0 577 1 344 :
: Changes from: November 8, 2022 :
: -139 -136 0 0 0 0 -23 0 -58 0 -50 :
: Percent of Open Interest Represented by Each Category of Trader :
: 41.5 40.7 0.0 0.0 0.0 0.0 26.1 0.0 12.8 0.0 7.6 :
: Number of Traders in Each Category Total Traders: 20 :
: 8 5 0 0 0 0 4 0 4 . . :
—————————————————————————————————————-

SOYBEANS
General Comments: Soybeans and the products were higher on Friday but generally lower gor the week on ideas that Chinese demand will stay weak overall and that Brazil growing conditions are good and getting better. Only Soybean Meal closed with marginal gains on the weekly charts. The weekly export sales report was stronger than expected on Thursday at well over 3.0 million tons. Export demand for the US is heating up and the new demand could not come at a better time.. Domestic demand should be strong 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 has been a better buyer in the last couple of weeks. 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. 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. US production ideas remain strong after mostly good weather in August. The NOPA crush was 164.464 million bushels this month, in line with trade ideas and the second highest on record.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed. Support is at 1407, 1402, and 1391 January, and resistance is at 1434, 1447, and 1459 January. Trends in Soybean Meal are mixed. Support is at 402.00, 399.00, and 392.00 December, and resistance is at 412.00 414.00, and 417.00 December. Trends in Soybean Oil are down with objectives of 6730 December. Support is at 7140, 7120, and 6960 December, with resistance at 7440, 7590, and 7750 December.

COT — Supplemental Report – Option and Futures Combined Positions as of November 15, 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 711,647
: Positions :
: 95,584 51,323 161,220 236,546 377,308 164,847 39,380 658,198 629,232: 53,449 82,415
: Changes from: November 8, 2022 (Change in open interest: 8,162) :
: -7,547 3,955 4,302 7,923 774 812 -4,503 5,490 4,529: 2,672 3,633
: Percent of Open Interest Represented by Each Category of Trader :
: 13.4 7.2 22.7 33.2 53.0 23.2 5.5 92.5 88.4: 7.5 11.6
: Total Traders: 546 Number of Traders in Each Category :
: 114 109 155 180 231 52 27 428 458:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of November 15, 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 536,578
: Positions :
: 96,112 27,173 128,565 141,496 334,032 127,514 18,878 493,688 508,648: 42,890 27,930
: Changes from: November 8, 2022 (Change in open interest: 18,217) :
: 4,123 -603 3,886 6,889 16,131 423 -1,445 15,321 17,969: 2,896 248
: Percent of Open Interest Represented by Each Category of Trader :
: 17.9 5.1 24.0 26.4 62.3 23.8 3.5 92.0 94.8: 8.0 5.2
: Total Traders: 307 Number of Traders in Each Category :
: 87 50 80 88 105 43 19 254 226:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of November 15, 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 440,919
: Positions :
: 71,358 19,983 84,957 101,803 292,061 131,729 14,606 389,848 411,607: 51,071 29,313
: Changes from: November 8, 2022 (Change in open interest: -12,548) :
: -13,997 3,885 -6,600 9,652 -12,517 5,018 2,390 -5,926 -12,841: -6,621 294
: Percent of Open Interest Represented by Each Category of Trader :
: 16.2 4.5 19.3 23.1 66.2 29.9 3.3 88.4 93.4: 11.6 6.6
: Total Traders: 266 Number of Traders in Each Category :
: 61 36 73 93 100 43 17 235 199:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: World vegetable oils prices were lower last week. Palm Oil was closed for a holiday on Friday but closed lower for the week and turned the trends down on the charts. Futures closed higher today after a lower opening. Hopes for improved demand from China was reported to be the reason for the rally. China has tried to relax some Covid restrictions so that quarantines now need to be eight days instead of at least two weeks. However, new outbreaks of the virus are being reported so the cities are still imposing lockdowns. 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 lower Friday on ideas that Chinese demand can remain weak due to increased outbreaks of Covid there. Reports indicate that domestic demand has been strong due to favorable crush margins.
Overnight News:
Chart Analysis: Trends in Canola are down with objectives of 850.00 and 818.00. Support is at 850.00, 828.00, and 820.00 January, with resistance at 8873.00, 880.00, and 894.00 January. Trends in Palm Oil are down with no objectives. Support is at 3750, 3670, and 3630 February, with resistance at 4010, 4120, and 4200 February.

DJ Malaysia Nov. 1-20 Palm Oil Exports Rose 2.94% on Month to 921,808 Tons, AmSpec Says
By Yi Wei Wong
Malaysia’s palm oil exports for Nov. 1-20 are estimated to have risen 2.94% from the previous month to 921,808 metric tons, cargo surveyor AmSpec Agri Malaysia said Monday.
The following are the major items in the AmSpec estimate:
(All figures in metric tons)
Nov 1-20 Oct 1-20
RBD Palm Olein 278,710 339,881
RBD Palm Oil 53,683 40,750
RBD Palm Stearin 103,145 100,998
Crude Palm Oil 249,340 170,504
Total* 921,808 895,522
*Palm oil product volumes don’t add up to total as some products aren’t included.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 15, 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 45,518 :
: Positions :
: 37,349 27,825 1,882 5,311 2,372 40 0 0 3,045 9,190 820 :
: Changes from: November 8, 2022 :
: 980 -240 -360 620 200 0 0 0 160 400 -60 :
: Percent of Open Interest Represented by Each Category of Trader :
: 82.1 61.1 4.1 11.7 5.2 0.1 0.0 0.0 6.7 20.2 1.8 :
: Number of Traders in Each Category Total Traders: 30 :
: 9 9 . 4 . . 0 0 . 8 . :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 15, 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 239,356 :
: Positions :
: 185,221 192,189 2,656 4,447 624 29,952 19,706 6,963 5,626 7,718 6,259 :
: Changes from: November 8, 2022 :
: 2,016 10,577 614 58 -17 4,071 -2,433 -260 2,142 505 -812 :
: Percent of Open Interest Represented by Each Category of Trader :
: 77.4 80.3 1.1 1.9 0.3 12.5 8.2 2.9 2.4 3.2 2.6 :
: Number of Traders in Each Category Total Traders: 278 :
: 55 68 . 6 5 57 22 18 56 46 45 :
—————————————————————————————————————-

Midwest Weather Forecast:: Mostly dry or light snow today but big snow near the Great Lakes. Temperatures should average below normal.

US Gulf Cash Basis

Corn HRW SRW Soybeans Soybean Meal Soybean Oil
November
180 Dec
230 Dec
180 Dec
220 Jan

December
160 Dec
230 Dec
180 Dec
205 Jan

January
154 Mar
183 Mar
160 Mar
200 Mar

DJ ICE Canada Cash Grain Close – Nov 16
WINNIPEG — The following are the closing cash
canola prices from ICE Futures.
Source: ICE Futures
Price Basis Contract Change
CANOLA
*Par Region 884.60 -10.00 Jan 2023 up 9.70
Track Thunder Bay 917.40 35.00 Jan 2023 dn 12.20
Track Vancouver 932.40 50.00 Jan 2023 dn 12.20
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 – November 21
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
Dec 905.00 -05.00 Unquoted – –
Jan/Feb/Mar 907.50 -07.50 Unquoted – –
Apr/May/Jun 905.00 -05.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Dec 907.50 -05.00 Unquoted – –
Jan/Feb/Mar 910.00 -07.50 Unquoted – –
Apr/May/Jun 907.50 -05.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Dec 825.00 — Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Dec 750.00 — Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Dec 3900.00 — Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Dec 244.00 — Unquoted – –
($1=MYR4.575)

DJ China Dalian Grain Futures Closing Prices, Volume – Nov 21
Soybean No. 1
Turnover: 176,691 lots, or 9.86 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-23 5,658 5,678 5,558 5,580 5,665 5,606 -59 123,461 88,478
Mar-23 5,596 5,596 5,496 5,505 5,572 5,526 -46 25,532 33,943
May-23 5,564 5,569 5,493 5,504 5,564 5,519 -45 18,080 27,013
Jul-23 5,519 5,537 5,476 5,488 5,532 5,501 -31 3,888 11,056
Sep-23 5,518 5,519 5,460 5,470 5,513 5,483 -30 3,162 9,299
Nov-23 5,504 5,519 5,456 5,465 5,507 5,476 -31 2,568 6,135
Corn
Turnover: 624,516 lots, or 17.82 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-23 2,819 2,859 2,816 2,853 2,813 2,841 28 379,489 591,056
Mar-23 2,833 2,861 2,830 2,858 2,831 2,849 18 108,981 444,200
May-23 2,877 2,900 2,871 2,894 2,870 2,891 21 66,825 178,535
Jul-23 2,871 2,895 2,871 2,888 2,871 2,885 14 49,233 226,645
Sep-23 2,879 2,899 2,879 2,895 2,877 2,891 14 5,273 16,429
Nov-23 2,879 2,897 2,870 2,893 2,868 2,887 19 14,715 32,800
Soymeal
Turnover: 1,026,141 lots, or 41.20 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Dec-22 4,520 4,549 4,491 4,534 4,523 4,516 -7 4,846 19,699
Jan-23 4,119 4,157 4,108 4,139 4,122 4,132 10 748,685 1,329,264
Mar-23 3,950 3,979 3,937 3,956 3,950 3,955 5 37,127 206,047
May-23 3,645 3,672 3,632 3,649 3,641 3,650 9 174,885 674,688
Jul-23 3,603 3,626 3,591 3,609 3,603 3,607 4 28,467 118,664
Aug-23 3,636 3,667 3,630 3,647 3,639 3,650 11 16,596 68,266
Sep-23 3,596 3,626 3,590 3,609 3,599 3,606 7 10,161 49,422
Nov-23 3,562 3,586 3,553 3,571 3,562 3,568 6 5,374 14,576
Palm Oil
Turnover: 1,215,392 lots, or 95.38 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Dec-22 7,888 7,940 7,746 7,894 7,930 7,866 -64 86 941
Jan-23 7,908 7,940 7,708 7,884 7,896 7,840 -56 1,039,868 401,978
Feb-23 8,026 8,064 7,850 8,002 8,018 7,972 -46 15,044 82,925
Mar-23 8,060 8,100 7,886 8,046 8,070 8,012 -58 9,373 58,226
Apr-23 8,026 8,062 7,848 8,018 8,030 7,974 -56 3,111 42,055
May-23 7,934 7,976 7,756 7,926 7,936 7,878 -58 134,296 153,064
Jun-23 7,870 7,914 7,710 7,882 7,886 7,828 -58 7,603 26,973
Jul-23 7,802 7,868 7,666 7,820 7,838 7,782 -56 5,648 20,896
Aug-23 7,710 7,710 7,678 7,694 7,786 7,694 -92 3 49
Sep-23 7,722 7,760 7,586 7,734 7,724 7,676 -48 353 722
Oct-23 7,586 7,692 7,586 7,692 7,742 7,630 -112 5 43
Nov-23 7,642 7,642 7,642 7,642 7,648 7,642 -6 2 10
Soybean Oil
Turnover: 848,760 lots, or 76.40 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Dec-22 9,768 9,772 9,516 9,530 9,768 9,684 -84 1,443 2,471
Jan-23 9,214 9,232 9,006 9,072 9,190 9,080 -110 718,022 399,383
Mar-23 8,884 8,884 8,706 8,790 8,850 8,774 -76 9,638 78,457
May-23 8,640 8,658 8,466 8,598 8,584 8,548 -36 101,818 149,048
Jul-23 8,522 8,534 8,404 8,524 8,508 8,472 -36 5,650 47,224
Aug-23 8,482 8,496 8,376 8,482 8,454 8,444 -10 4,979 29,776
Sep-23 8,420 8,436 8,318 8,414 8,408 8,384 -24 1,981 5,194
Nov-23 8,426 8,426 8,290 8,342 8,338 8,328 -10 5,229 4,056
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