Grains Report 03/08/2023

DJ USDA Report: Recap for U.S. Agriculture Supply, Demand
The following table of analysts’ estimates is provided as a service to The Wall Street Journal subscribers in conjunction with the U.S. Department of Agriculture’s monthly supply-and-demand report scheduled for release at noon ET on Wednesday.
U.S. Stockpiles (million bushels)
2022-23
Average Range USDA February USDA 2021-2022
Corn 1,299 1,137-1,360 1,267 1,377
Soybeans 219 200-250 225 274
Wheat 576 557-612 568 698
***
World Stockpiles (million metric tons)
2022-23
Average Range USDA February USDA 2021-22
Corn 293.7 291.0-297.0 295.3 306.3
Soybeans 100.1 96.5-102.0 102.0 98.8
Wheat 269.9 268.0-272.0 269.3 276.7
***
Brazil Corn, Soybean Production (million metric tons)
2022-23
Average Range USDA February USDA 2021-22
Corn 125.0 123.0-130.6 125.0 116.0
Soybeans 153.0 151.0-154.7 153.0 129.5
Argentina Corn, Soybean Production (million metric tons)
2022-23
Average Range USDA February USDA 2021-22
Corn 43.2 41.0-46.0 47.0 49.5
Soybeans 36.3 33.0-40.0 41.0 43.9

DJ CBOT Delivery Intentions: Totals – Mar 8
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN OIL March Mar 09, 2023 9 Mar 03, 2023
ROUGH RICE March Mar 09, 2023 23 Mar 07, 2023
CORN March Mar 09, 2023 10 Feb 27, 2023
SOYBEAN March Mar 09, 2023 61 Feb 28, 2023
WHEAT March Mar 09, 2023 42 Mar 07, 2023

DJ U.S. Jan Grain Exports-Mar 8
In kilograms (top) and in bushels (bottom), except flour in cwt and malt
in pounds. /1 denotes includes commercial and donated. Source: U.S. Department
of Commerce.
(*)NOTE: Year ago figures reflect data reported at that time.
Data includes Exports and Re-Exports.
——- In Kilograms ——-
Barley 1,238,917 1,843,855 2,970,402 2,052,363
Corn /1 3,171,032,000 3,692,464,000 2,427,048,000 5,899,894,000
Sorghum 86,857,000 102,477,000 143,406,000 538,443,000
Oats 2,842,981 632,986 3,316,559 1,538,679
Rye 225,469 70,000 91,913 0
Wheat /1 1,788,623,239 1,078,808,764 1,350,985,771 1,727,577,111
wheat flour /1 12,279,095 13,354,483 15,180,668 17,978,521
Malt 30,426,272 21,320,098 22,453,530 23,856,015
——- In Bushels, CWT or Pounds ——-
Jan 23 Dec 22 Nov 22 Jan 22
Barley 56,902 84,687 136,428 94,263
Corn /1 124,836,734 145,364,395 95,547,679 232,266,183
Sorghum 3,419,374 4,034,300 5,645,587 21,197,347
Oats 195,864 43,609 228,490 106,005
Rye 8,876 2,756 3,618 0
Wheat /1 65,719,979 39,639,030 49,639,720 63,476,941
wheat flour /1 270,708 294,416 334,676 396,359
Malt 67,078,459 47,002,778 49,501,569 52,593,519
1/Includes commercial and donated.

DJ U.S. Jan Oilseed, Meal, Oils/Fats Exports-Mar 8
In kilograms (top). Oils in pounds, soybeans in bushels, meal and hulls in
short tons (bottom). Source: U.S. Department of Commerce.
(*)NOTE: Year ago figures reflect data reported at that time.
Data includes Exports and Re-Exports.
——- In Kilograms ——-
Jan 23 Dec 22 Nov 22 Jan 22
soybeans 8,559,249,463 8,294,774,812 9,667,742,693 6,392,778,308
soyoil 7,000,962 15,852,182 10,777,383 129,017,986
crude 202,274 10,366,414 1,131,930 110,980,084
refined 302,281 210,194 195,046 178,816
other/1 6,209,943 5,070,595 9,359,577 17,671,309
hydrogenated 286,464 204,979 90,830 187,777
cottonseed oil 2,973,369 2,109,015 2,824,974 5,490,815
crude 107,564 79,998 0 947,598
refined 2,709,131 758,985 1,649,712 1,192,461
other/1 83,898 406,170 675,137 3,197,870
hydrogenated 72,776 863,862 500,125 152,886
sunseeds 49,969 298,748 162,125 112,054
sunseed oil 4,996,193 2,430,105 5,406,319 8,767,299
rapeseed 15,328,254 16,143,519 17,653,239 9,988,721
rapeseed oil 11,428,314 5,736,156 6,264,815 12,697,781
crude 7,777,646 2,223,516 1,812,516 3,656,176
refined 3,650,668 3,512,640 4,452,299 9,041,605
linseed meal 170,430 188,887 62,000 0
cottonseed meal 4,545,641 3,169,735 2,170,958 1,829,597
soymeal 1,033,322,929 950,162,965 879,547,408 949,508,867
soymeal/flour 359,537,287 243,834,145 254,200,415 207,618,688
soymeal hulls 12,114,000 1,905,000 2,170,000 20,729,000
lard 952,510 1,640,158 2,035,930 827,416
edible tallow 6,122,653 4,012,023 4,915,470 11,161,578
inedible tallow 26,948,012 20,244,215 23,580,765 15,068,259
ch white grease 0 97,155 12,440 18,153
——- In Bushels, Pounds or Short Tons ——-
Jan 23 Dec 22 Nov 22 Jan 22
soybeans 314,495,353 304,777,673 355,225,089 234,891,982
soyoil 15,434,482 34,948,085 23,760,066 284,436,019
crude 445,938 22,854,035 2,495,479 244,669,246
refined 666,416 463,399 430,003 394,222
other/1 13,690,583 11,178,750 20,634,339 38,958,574
hydrogenated 631,545 451,901 200,246 413,977
cottonseed oil 6,555,158 4,649,583 6,228,003 12,105,177
crude 237,138 176,365 0 2,089,096
refined 5,972,613 1,673,276 3,636,993 2,628,927
other/1 184,963 895,452 1,488,423 7,050,098
hydrogenated 160,444 1,904,490 1,102,587 337,056
sunseeds 110,163 658,627 357,425 247,037
sunseed oil 11,014,722 5,357,465 11,918,895 19,328,589
rapeseed 33,793,021 35,590,373 38,918,737 22,021,364
rapeseed oil 25,195,124 12,646,061 13,811,555 27,993,820
crude 17,146,777 4,902,015 3,995,914 8,060,490
refined 8,048,347 7,744,047 9,815,641 19,933,330
linseed meal 188 208 68 0
cottonseed meal 5,011 3,494 2,393 2,017
soymeal 1,139,032 1,047,365 969,525 1,046,644
soymeal flour/me 396,318 268,778 280,205 228,858
soymeal hulls 13,353 2,100 2,392 22,850
lard 2,099,925 3,615,930 4,488,458 1,824,140
edible tallow 13,498,142 8,844,998 10,836,758 24,607,072
inedible tallow 59,410,207 44,630,862 51,986,697 33,219,830
ch white grease 0 214,190 27,426 40,021

DJ U.S. January Grain Imports-March 8
In kilograms, from the U.S. Commerce Department, converted to
pounds by Dow Jones.
—-Jan 2023—- —-Dec 2022—-
kilograms pounds kilograms pounds
durum wheat 690,236 1,521,970 1,083,688 2,389,532
spring wheat 244,944 540,102 217,728 480,090
winter wheat 0 0 0 0
wheat/meslin 0 0 0 0
TOTAL WHEAT 935,180 2,062,072 1,301,416 2,869,622
barley 31,762,647 70,036,637 28,138,652 62,045,728
oats 613,400 1,352,547 250,848 553,120
corn 45,648,890 100,655,802 64,389,370 141,978,561
other corn 6,298,779 13,888,808 5,402,072 11,911,569
TOTAL CORN 51,947,669 114,544,610 69,791,442 153,890,130

DJ U.S. Jan Soymeal, Vegetable Oils/Oilseed Imports-March 8
In kilograms from the U.S. Commerce Department, converted to pounds
by Dow Jones.
—-Jan 2023—- —-Dec 2022—-
kilograms pounds kilograms pounds
coconut oil 16,462,523 36,299,863 36,743,543 81,019,512
palm kernel oil 20,581,635 45,382,505 34,793,988 76,720,744
palm oil 177,135,567 390,583,925 167,066,463 368,381,551
soybean 5,260,656 11,599,746 33,513,295 73,896,815
soymeal 0 0 0 0
soyoil 11,450,103 25,247,477 10,246,945 22,594,514
rapeseed oil
edible 228,028,084 502,801,925 213,409,898 470,568,825
rapeseed oil,
inedible 202,573 446,673 73,043 161,060

WHEAT
General Comments: Wheat markets were mixed to higher yesterday in trading before the WASDE reports to be released today and despite reports that Russian offers continue to hit the world market and world prices. The funds maintain a huge short position in this market. The problem remains demand as world supplies are not so large and US inventories are less as well. Ideas that big Russian offers and cheaper Russian prices would be a feature for a while in the world market was the driving force for the weaker prices, and price weakness could continue. The war in Ukraine continues, but Russia is expected to allow the grain export program to continue in one form or another. Ideas are that both Australia and Russia are harvesting record to near record Wheat crops this year. Russia has a large production and is undercutting most world prices in the international market. The demand for US Wheat in international markets has been a disappointment all year and has been hindered by low prices and aggressive offers from Russia.
Overnight News: The southern Great Plains should get isolated to scattered showers. Temperatures should be near to below normal. Northern areas should see isolated to scattered showers. Temperatures will average near to below normal. The Canadian Prairies should see isolated snow showers. Temperatures should average below normal.
Chart Analysis: Trends in Chicago are down with objectives of 886 and 866 May, Support is at 685, 668, and 662 May, with resistance at 709, 722, and 738 May. Trends in Kansas City are down with objectives of 790 and 715 May. Support is at 794, 788, and 782 May, with resistance at 815, 832, and 837 May. Trends in Minneapolis are down with objectives of 841 and 821 May. Support is at 850, 844, and 838 March, and resistance is at 869, 880, and 887 May.

RICE:
General Comments: Rice was sharply lower and closed well below the bottom of the recent trading range. Trends turned down on the charts. Speculators and commercials were reported to be selling. Demand has been good from domestic sources. Export demand has been uneven. Demand has been an issue for the market all year. There is not much going on in the domestic market right now although mills are milling for the domestic market in Arkansas and are bidding for some Rice. Markets from Texas to Mississippi are called quiet. Demand in general has been slow to moderate for Rice for exports.
Overnight News: The Delta should get mostly dry conditions. Temperatures should be above normal.
Chart Analysis: Trends are down with objectives of 1626 and 1561 May. Support is at 1644, 1632, and 1620 May and resistance is at 1694, 1714, and 1724.

DJ USDA World Market Rice Prices – Mar 8
USDA today announced the prevailing world market prices
of milled and rough rice, adjusted for U.S. milling yields
and location, and the resulting marketing loan gain (MLG)
and loan deficiency payment LDP) rates. Source: USDA
—–World Price—– MLG/LDP Rate
Milled Value Rough Rough
($/cwt) ($/cwt) ($/cwt)
Long Grain 18.45 11.30 0.00
Medium/Short Grain 18.22 11.99 0.00
Brokens 10.73 —- —-
This week’s prevailing world market prices and MLG/LDP
rates are based on the following U.S. milling yields and
the corresponding loan rates:
U.S. Milling Yields Loan Rate
Whole/Broken ($/cwt)
(lbs/cwt)
Long Grain 50.62/18.25 6.81
Medium Grain/Short Grain 60.20/9.50 6.93

CORN AND OATS
General Comments: Corn closed a little lower yesterday in trading before the release of the WASDE reports today and Oats were much higher. US prices are currently very competitive with those from South America and US demand could improve because of the price differentials. Prices from South America should now remain strong as countries there concentrate on Soybeans exports, so the US has a chance now to see export demand improve. . The Brazil Winter crop is harvested and China has been buying the surplus. The Summer crop and the Argentine crop is developing under stressful conditions. The next Winter crop is going into the ground in good conditions, but it has been wet so the Soybeans harvest has been delayed and the Corn planting is becoming delayed as well. Reports indicate that the weather is now better in central and northern Brazil and that the Corn planting pace is improved. However, Brazil sources say that 20% of the Winter crop could be planted outside of the ideal window so yields could be hurt in the end.
Overnight News:
Chart Analysis: Trends in Corn are mixed. Support is at 630, 622, and 615 May, and resistance is at 645, 648, and 652 May. Trends in Oats are mixed. Support is at 338, 333, and 328 May, and resistance is at 345, 348, and 358 May.

SOYBEANS
General Comments: Soybeans and the Soybean Oil were lower yesterday as traders got ready for the release of the next round of WASDE reports today. Soybean Meal was higher. Soybeans export demand is flowing to Brazil now. Argentina is the world’s largest exporter of Soybeans products while the US and Brazil battle for supremacy in Soybeans exports. The South American harvest coming to export channels in the near future. It remains hot and dry in Argentina and crop conditions are getting worse. Weather is becoming less important now as the harvest is already underway in central and northern Brazil and will spread south soon. Central and northern Brazil have seen harvest operations interrupted with too much rain but the weather is now improving and the harvest pace is increasing. Production potential for the Brazil is called very strong even with potential problems and losses in the south. Argentine production ideas continue to drop with the drought as planting is delayed and the crops already in the ground are stressed.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed . Support is at 1508, 1498, and 1489 May, and resistance is at 1538, 1549, and 1560 May. Trends in Soybean Meal are up with objectives of 506.00 and 529.00 May . Support is at 483.00, 476.00, and 472.00 May, and resistance is at 498.00, 502.00, and 505.00 May. Trends in Soybean Oil are down with objectives of 5800 and 5570 May. Support is at 5760, 5700, and 5640 May, with resistance at 5980, 6050, and 6100 May.

CANOLA AND PALM OIL
General Comments: Palm Oil closed lower on some profit taking, but ideas are that prices can remain elevated due t bad weather in Malaysia and the potential for increased demand from India and especially China. Indonesia is now revoking some export permits to keep internal prices controlled and to support the bio fuels industry. The controls are expected to last through Ramadan. Peninsular Malaysia is getting flooding rains. Flash floods are being reported. Canola was lower on price action in Chicago and on demand concerns as ideas that Brazil will capture demand for the world market. Brazil is expected t dominate the oilseeds market for the next few months. Soybean and Palm Oil were lower as was European Rapeseed. Reports indicate that domestic demand has been strong due to favorable crush margins. Production was much improved this year on better weather during the Summer. It is dry in the southern and southwestern prairies now and this could mean reduced yields when the production season begins in a couple of months.
Overnight News:
Chart Analysis: Trends in Canola are mixed to down with objectives of 795.00 and 770.00 May. Support is at 811.00, 807.00, and 803.00 May, with resistance at 821.00, 829.00, and 835.00 May. Trends in Palm Oil are mixed. Support is at 4130, 4090, and 4030 May, with resistance at 4270, 4300, and 4420 May,

DJ Ukraine’s Sunflower Exports Calm Cooking-Oil Market — WSJ
Kyiv shipped 190,000 tons of seeds in January, compared with 4,000 tons a year prior By Yusuf Khan
Much of Ukraine’s sunflower-seed oil exports remain curtailed by the war, but farmers are sending out the raw seeds instead, stabilizing the global market for cooking oil.
In January, Ukraine exported 347,000 tons of sunflower-seed oil, down sharply from the 612,000 tons exported in January 2022 before the war, according to data from Black Sea agricultural consulting firm SovEcon. A drop in exports from Ukraine, the world’s second-largest producer after Russia, sent prices for sunflower-seed oil and other cooking oils soaring in the early days of the Russian invasion as buyers scrambled for alternatives.
In recent months, Ukrainian farmers have eschewed crushing seeds at home to make the oil. Instead, they are sending huge volumes of uncrushed seeds to foreign buyers, who do the processing themselves. Seed-crushing and power infrastructure in Ukraine have been damaged by the war, and ports dedicated to sunflower-seed oil exports are still essentially closed.
Ukraine exported 190,000 tons of seeds in January, according to SovEcon. That compares with 4,000 tons in January 2022, the month before the invasion, and 12,000 tons in January 2021.
The U.S. Agriculture Department expects global sunflower-seed exports to hit 2.65 million tons in the 2022-23 agricultural season, which runs through August, up from 1.62 million tons last year. Ukraine shipped 191,000 tons in 2020-21, before the war.
“The Russian invasion of Ukraine has fundamentally rewritten the trade flows around the country’s iconic sunflower market,” said Anna Platonova, oilseed-price analyst at U.K. price-reporting agency Fastmarkets.
Once cleaned, sunflower seeds are ground and pressed through a set of rollers or mills to extract oil. The oil is refined with heating and chemical additives to remove impurities before being packed and sold.
Before the war, much of that process was done inside Ukraine. Now, the task is being outsourced to such an extent that it has stabilized a global cooking-oil market that went haywire in the wake of Russia’s invasion of Ukraine.
Key exporting ports were bombed or threatened by Russian forces, while Moscow blockaded most agricultural shipments. Prices of other cooking oils, such as palm oil and canola oil, all rose sharply amid a shortage of Ukrainian-supplied sunflower-seed oil.
The Seed Crushers and Oil Processors Association, a U.K. trade body, says the greater supply of seeds now making it out of Ukraine by both sea and land routes has allowed European seed crushers to help make up for the lost supply of oil coming out of Ukraine, pushing prices lower.
Soaring cooking-oil prices contributed to wider food inflation around the world by boosting the cost of preparing many foods, both dishes served at restaurants and ready-made staples such as potato chips. In late March, sunflower-seed oil peaked at over $2,414 a ton. Recently, that has fallen by more than half, to about $1,049 a ton, according to price-reporting agency Mintec.
“We’ve noticed shorter supply-chain timelines on sunflower oil, and the pricing has right sized compared with the beginning of the Ukraine war,” said Dave Gaucher, founder of Wholly Veggie, a Canadian based producer of plant-based snack foods.
Prices started to fall after the successful startup of a grain corridor out of Ukraine last year. A United Nations-backed deal allowed for ships laden with agricultural products to depart certain Ukrainian ports unharassed by Russian warships. While grain made up the majority of those shipments, sunflower growers started loading their seeds onto ships as well.
So far, the grain deal has included three ports: Odessa, Chornomorsk and Pivdennyi. Ukrainian officials are pushing to include other ports, such as Mykolaiv, once a hub of Ukraine’s sunflower-seed oil trade, in the agreement, said a spokeswoman for Ukraine’s Infrastructure Ministry. The deal needs to be renewed this month.
— Matthew Luxmoore contributed to this article.
Write to Yusuf Khan at yusuf.khan@wsj.com
This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (March 8, 2023).

Midwest Weather Forecast: Mostly dry conditions. Temperatures should average near to below normal.

US Gulf Cash Basis

Corn HRW SRW Soybeans Soybean Meal Soybean Oil
February
85 Mar
195 Mar
125 Mar
105 Mar

March
85 Mar
195 Mar
125 Mar
105 Mar

April
89 May
1790 May
120 May
110 May

DJ ICE Canada Cash Grain Close – Mar 7
WINNIPEG – The following are the closing cash canola prices from
ICE Futures for March 7, 2023.
Source: ICE Futures
CANOLA
1 Canada NCC Best Bid
Spot Price Basis Contract Change
*Par Region 821.80 0.00 May 23 dn 0.70
Basis: Thunder Bay 842.90 30.00 May 23 dn 8.90
Basis: Vancouver 877.90 65.00 May 23 dn 8.90
*Quote for previous day
Source: MarketsFarm (news@marketsfarm.com, or 204-414-9084)

DJ Malaysian PM Cash Market Prices for Palm Oil – March 8
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Wednesday, 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
March 985.00 -05.00 Unquoted – –
Apr/May/Jun 980.00 -10.00 Unquoted – –
Jul/Aug/Sep 955.00 -05.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
March 995.00 -05.00 Unquoted – –
Apr/May/Jun 990.00 -10.00 Unquoted – –
Jul/Aug/Sep 965.00 -05.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Mar 965.00 -05.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Mar 740.00 -10.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Mar 4300.00 +20.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
4Mar 249.00 00.00 Unquoted – –
($1=MYR4.525)

. DJ China Dalian Grain Futures Closing Prices, Volume – Mar 08
Soybean No. 1
Turnover: 117,035 lots, or 6.35 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Mar-23 – – – 5,490 5,490 5,490 0 0 1,369
May-23 5,473 5,475 5,404 5,428 5,486 5,440 -46 87,783 140,489
Jul-23 5,418 5,420 5,367 5,388 5,426 5,386 -40 18,055 59,735
Sep-23 5,395 5,401 5,347 5,371 5,395 5,369 -26 2,535 7,287
Nov-23 5,377 5,377 5,331 5,360 5,375 5,349 -26 8,604 27,094
Jan-24 5,349 5,349 5,315 5,329 5,357 5,336 -21 58 488
Corn
Turnover: 331,016 lots, or 9.38 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Mar-23 – – – 2,818 2,820 2,818 -2 0 365
May-23 2,847 2,859 2,843 2,855 2,841 2,850 9 177,146 651,101
Jul-23 2,852 2,858 2,842 2,856 2,842 2,850 8 89,086 574,101
Sep-23 2,815 2,822 2,811 2,820 2,811 2,817 6 14,051 110,891
Nov-23 2,741 2,755 2,741 2,755 2,744 2,749 5 49,250 237,871
Jan-24 2,735 2,741 2,731 2,739 2,733 2,735 2 1,483 8,681
Soymeal
Turnover: 735,467 lots, or 2.80 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Mar-23 3,976 3,979 3,952 3,960 3,970 3,971 1 247 11,884
May-23 3,800 3,820 3,781 3,800 3,807 3,800 -7 485,804 1,207,616
Jul-23 3,797 3,812 3,777 3,791 3,796 3,792 -4 19,989 218,310
Aug-23 3,848 3,863 3,832 3,846 3,846 3,845 -1 33,210 144,222
Sep-23 3,831 3,848 3,813 3,830 3,836 3,829 -7 122,843 502,078
Nov-23 3,800 3,819 3,789 3,799 3,802 3,800 -2 39,460 69,860
Dec-23 3,765 3,783 3,755 3,773 3,764 3,768 4 16,895 26,924
Jan-24 3,703 3,720 3,695 3,707 3,710 3,708 -2 17,019 49,227
Palm Oil
Turnover: 858,733 lots, or 69.25 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Mar-23 – – – 8,180 8,300 8,180 -120 0 2,967
Apr-23 8,190 8,190 7,990 8,058 8,232 8,076 -156 15,700 47,362
May-23 8,180 8,190 7,998 8,070 8,222 8,078 -144 730,873 464,200
Jun-23 8,166 8,166 7,992 8,056 8,198 8,066 -132 15,303 90,490
Jul-23 8,120 8,120 7,952 8,012 8,160 8,034 -126 12,358 64,334
Aug-23 8,064 8,076 7,904 7,952 8,116 7,978 -138 10,110 40,826
Sep-23 8,028 8,034 7,860 7,914 8,070 7,934 -136 62,083 73,648
Oct-23 7,996 8,002 7,312 7,888 8,034 7,912 -122 9,540 20,963
Nov-23 7,944 7,958 7,804 7,846 7,992 7,876 -116 2,386 6,411
Dec-23 7,850 7,850 7,798 7,832 7,952 7,830 -122 10 85
Jan-24 7,882 7,912 7,762 7,800 7,942 7,812 -130 303 700
Feb-24 7,930 7,930 7,780 7,780 7,930 7,900 -30 67 73
Soybean Oil
Turnover: 615,119 lots, or 54.00 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Mar-23 – – – 9,298 9,432 9,298 -134 0 472
May-23 8,862 8,878 8,728 8,746 8,874 8,792 -82 527,535 455,083
Jul-23 8,808 8,838 8,704 8,714 8,834 8,756 -78 15,230 87,723
Aug-23 8,798 8,816 8,682 8,692 8,808 8,734 -74 6,239 58,800
Sep-23 8,760 8,776 8,632 8,642 8,764 8,688 -76 53,574 109,650
Nov-23 8,706 8,726 8,600 8,602 8,716 8,652 -64 5,164 36,980
Dec-23 8,706 8,722 8,468 8,606 8,710 8,642 -68 6,173 19,001
Jan-24 8,682 8,698 8,572 8,580 8,690 8,618 -72 1,204 3,661
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