Grains Report 03/27/2023

WHEAT
General Comments: Wheat markets were higher on Friday on ideas that prices have fallen enough for current demand fundamentals. Prices are now so cheap that Russia is reportedly thinking about increasing export tariffs or halting exports for a time to rally prices. Reports say that Russian offers continue to hit the world market and world prices. Trends turned sideways to up on the daily charts. The problem remains demand as world supplies are not so large and US inventories are less. 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. Prices are now so cheap that Russia is reportedly thinking about increasing export tariffs or halting exports for a time to rally prices. Ideas are that both Australia and Russia are harvesting record to near record Wheat crops this year. 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 showers. Temperatures should be near to below normal. Northern areas should see isolated showers. Temperatures will average below normal. The Canadian Prairies should see isolated showers. Temperatures should average below normal.
Chart Analysis: Trends in Chicago are mixed. Support is at 675, 654, and 648 May, with resistance at 712, 720, and 738 May. Trends in Kansas City are up with objectives of 866, 883, and 945 May. Support is at 843, 823, and 810 May, with resistance at 862, 866, and 878 May. Trends in Minneapolis are mixed to up with objectives of 847, 865, and 882 May. Support is at 846, 833, and 827 March, and resistance is at 869, 880, and 883 May.

COT — Supplemental Report – Option and Futures Combined Positions as of March 21, 2023
: 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 454,791
: Positions :
: 47,123 127,259 152,571 80,458 82,267 135,203 54,756 415,355 416,853: 39,436 37,939
: Changes from: March 14, 2023 (Change in open interest: -4,508) :
: -4,180 -11,998 7,761 -3,346 2,687 -4,344 -2,874 -4,109 -4,425: -399 -83
: Percent of Open Interest Represented by Each Category of Trader :
: 10.4 28.0 33.5 17.7 18.1 29.7 12.0 91.3 91.7: 8.7 8.3
: Total Traders: 361 Number of Traders in Each Category :
: 97 97 119 89 94 43 30 290 287:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of March 21, 2023
: 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 188,590
: Positions :
: 23,170 41,837 40,833 40,725 63,428 64,526 20,050 169,255 166,148: 19,335 22,442
: Changes from: March 14, 2023 (Change in open interest: -2,585) :
: -1,190 -3,769 1,964 -1,819 779 847 -886 -199 -1,912: -2,387 -673
: Percent of Open Interest Represented by Each Category of Trader :
: 12.3 22.2 21.7 21.6 33.6 34.2 10.6 89.7 88.1: 10.3 11.9
: Total Traders: 206 Number of Traders in Each Category :
: 38 47 57 59 68 36 19 165 162:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of March 21, 2023
: 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 60,382 :
: Positions :
: 32,938 33,572 1,305 0 251 7,726 10,350 3,087 2,956 527 2,268 :
: Changes from: March 14, 2023 :
: 1,253 3,236 -15 0 92 1,123 -700 1,177 -250 419 206 :
: Percent of Open Interest Represented by Each Category of Trader :
: 54.5 55.6 2.2 0.0 0.4 12.8 17.1 5.1 4.9 0.9 3.8 :
: Number of Traders in Each Category Total Traders: 92 :
: 44 33 . . . 7 14 11 8 6 9 :
—————————————————————————————————————-

RICE:
General Comments: Rice was higher last week and trends are up on the charts. Speculative short covering was seen and ran into little selling interest. Demand has been good from domestic sources and offers seem hard to find right now. Export demand has been uneven and was very low last week. Demand has been an issue for the market all year. 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. Planting is active in Texas and southern Louisiana.
Overnight News: The Delta should get isolated showers. Temperatures should be below normal.
Chart Analysis: Trends are up with objectives of 1832 May. Support is at 1760, 1749, and 1724 May and resistance is at 1797, 1820, and 1831 May.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of March 21, 2023
: Reportable Positions :
:————————————————————————————————————- :
: Producer/Merchant : : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables :
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading :
—————————————————————————————————————-
ROUGH RICE – CHICAGO BOARD OF TRADE (CONTRACTS OF 200,000 POUNDS) :
CFTC Code #039601 Open Interest is 9,010 :
: Positions :
: 5,257 3,196 0 0 0 420 2,560 21 900 637 732 :
: Changes from: March 14, 2023 :
: -399 93 0 0 0 7 -540 0 30 -186 -38 :
: Percent of Open Interest Represented by Each Category of Trader :
: 58.3 35.5 0.0 0.0 0.0 4.7 28.4 0.2 10.0 7.1 8.1 :
: Number of Traders in Each Category Total Traders: 50 :
: 16 14 0 0 0 . 13 . 9 6 6 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn closed higher last week on much improved export demand as noted in recent weekly export sales reports from, USDA and US Dollar weakness. Demand from China has greatly increased in the last two weeks. The USDA export sales report was a marketing year high and the third highest sales amount in the last 20 years. Oats were higher and trends remain up in this market. US prices are currently very competitive with those from South America as Brazil concentrates on Soybeans exports and not Corn 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 Summer crop and the Argentine crop is developing under stressful conditions. It has been wet so the Soybeans harvest has been delayed and the Safrinha Corn planting is becoming delayed as well. These delays continue. 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. NOAA is forecasting that La Nina will develop this Summer and replace El Nino. US growing conditions are usually good when this happens. However, it is very wet now and some early planting has been delayed.
Overnight News: Unknown destinations bought 112,800 tons of US Corn.
Chart Analysis: Trends in Corn are mixed to up with objectives of 651 May. Support is at 628, 625, and 623 May, and resistance is at 648, 652, and 660 May. Trends in Oats are mixed to up with objectives of 371 May. Support is at 356, 353, and 349 May, and resistance is at 369, 372, and 378 May.

COT — Supplemental Report – Option and Futures Combined Positions as of March 21, 2023
: 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 1,690,830
: Positions :
: 156,345 209,144 433,978 543,504 707,237 399,601 117,867 1,533,428 1,468,226: 157,402 222,604
: Changes from: March 14, 2023 (Change in open interest: 23,227) :
: 8,200 -16,635 22,964 1,336 11,182 -8,137 8,492 24,363 26,003: -1,136 -2,776
: Percent of Open Interest Represented by Each Category of Trader :
: 9.2 12.4 25.7 32.1 41.8 23.6 7.0 90.7 86.8: 9.3 13.2
: Total Traders: 762 Number of Traders in Each Category :
: 134 131 192 326 380 54 31 612 644:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of March 21, 2023
: 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 4,606 :
: Positions :
: 1,384 1,535 98 72 28 201 1,258 42 623 0 413 :
: Changes from: March 14, 2023 :
: 67 315 98 -3 28 0 -209 -21 -26 -68 54 :
: Percent of Open Interest Represented by Each Category of Trader :
: 30.0 33.3 2.1 1.6 0.6 4.4 27.3 0.9 13.5 0.0 9.0 :
: Number of Traders in Each Category Total Traders: 27 :
: 10 7 . . . . 6 . 5 0 4 :
—————————————————————————————————————-

SOYBEANS
General Comments: Soybeans the products were higher on Friday, but lower for the week as the Brazil harvest makes it way to the market. Reports from Brazil show that basis levels there are under pressure due to the large crop being harvested now. However, the basis might get higher soon as total South American production is probably about the same as last year. Brazil has a very good crop, but the additional Soybeans grown in Brazil will be wiped out by the losses in Argentina. Argentina has been forced to import from Brazil to keeps its crushing facilities operating. Forecasts from NOAA for very good growing conditions in the Midwest were also a factor, but there is too much rain in most growing areas right now. 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. It remains hot but rains are reported in Argentina and crop conditions are getting stable. Production ideas there are stable and the Rosario exchange now estimates production near 27 million tons. The Buenos Aires Grain Exchange said production could be 25 million tons. Weather is becoming less important now as the harvest is already underway in central and northern Brazil and is spreading south.
Overnight News:
Chart Analysis: Trends in Soybeans are down with objectives of 1404 May. Support is at 1405, 1392 and 1380 May, and resistance is at 1439, 1455, and 1478 May. Trends in Soybean Meal are down with no objectives. Support is at 435.00, 422.00, and 405.00 May, and resistance is at 451.00, 454.00, and 461.00 May. Trends in Soybean Oil are down with objectives of 5050 May. Support is at 5150, 5000, and 4880 May, with resistance at 5500, 5600, and 5850 May.

COT — Supplemental Report – Option and Futures Combined Positions as of March 21, 2023
: 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 867,790
: Positions :
: 129,724 34,731 228,625 271,161 458,603 184,137 55,697 813,648 777,656: 54,142 90,134
: Changes from: March 14, 2023 (Change in open interest: 27,500) :
: -14,066 1,631 19,230 12,690 5,125 5,060 4,133 22,914 30,119: 4,586 -2,619
: Percent of Open Interest Represented by Each Category of Trader :
: 14.9 4.0 26.3 31.2 52.8 21.2 6.4 93.8 89.6: 6.2 10.4
: Total Traders: 557 Number of Traders in Each Category :
: 162 91 173 170 224 55 24 453 456:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of March 21, 2023
: 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 496,457
: Positions :
: 41,886 67,495 110,103 187,161 262,049 126,077 25,085 465,226 464,732: 31,231 31,725
: Changes from: March 14, 2023 (Change in open interest: -5,291) :
: 731 2,751 -82 -7,334 -8,311 2,902 807 -3,783 -4,834: -1,508 -456
: Percent of Open Interest Represented by Each Category of Trader :
: 8.4 13.6 22.2 37.7 52.8 25.4 5.1 93.7 93.6: 6.3 6.4
: Total Traders: 295 Number of Traders in Each Category :
: 54 66 84 90 95 40 24 232 232:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of March 21, 2023
: 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 481,613
: Positions :
: 111,854 22,629 92,587 102,168 319,482 123,938 13,601 430,546 448,299: 51,067 33,314
: Changes from: March 14, 2023 (Change in open interest: -8,197) :
: -19,766 2,116 6,265 11,508 -15,797 -3,202 757 -5,195 -6,659: -3,003 -1,539
: Percent of Open Interest Represented by Each Category of Trader :
: 23.2 4.7 19.2 21.2 66.3 25.7 2.8 89.4 93.1: 10.6 6.9
: Total Traders: 298 Number of Traders in Each Category :
: 83 42 76 100 113 41 16 259 216:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Palm Oil closed lower last week on weakness in Chicago and on demand concerns There are ideas are that prices can remain elevated due to bad weather in Malaysia but demand remains weaker than hoped for from India and China. Indonesia has revoked 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 has had bad weather. Canola was a little lower last week and trends are down. There was a price recovery in the second half of the week to make weekly losses rather minimal. There are some ideas that Canola futures have fallen enough for now. Brazil is expected to dominate the oilseeds market for the next few months. Reports indicate that domestic demand has been strong due to favorable crush margins.
Overnight News:
Chart Analysis: Trends in Canola are down with no objectives. Support is at 733.00, 8715.00, and 700.00 May, with resistance at 761.00, 747.00, and 772.00 May. Trends in Palm Oil are down with no objectives. Support is at 3410, 3320, and 3200 June, with resistance at 3720, 3750, and 3850 June.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of March 21, 2023
: 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 49,450 :
: Positions :
: 40,615 26,880 1,350 10,370 380 0 0 0 3,430 8,145 3,675 :
: Changes from: March 14, 2023 :
: 2,620 1,620 0 480 0 -120 0 0 -360 40 120 :
: Percent of Open Interest Represented by Each Category of Trader :
: 82.1 54.4 2.7 21.0 0.8 0.0 0.0 0.0 6.9 16.5 7.4 :
: Number of Traders in Each Category Total Traders: 30 :
: 9 11 . 5 . 0 0 0 6 5 5 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of March 21, 2023
: 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 317,482 :
: Positions :
: 259,513 176,462 9,193 2,734 564 11,631 87,332 24,440 3,396 16,777 7,207 :
: Changes from: March 14, 2023 :
: -5,057 -6,388 1,999 -118 -310 -1,076 6,952 6,401 313 -3,528 1,334 :
: Percent of Open Interest Represented by Each Category of Trader :
: 81.7 55.6 2.9 0.9 0.2 3.7 27.5 7.7 1.1 5.3 2.3 :
: Number of Traders in Each Category Total Traders: 333 :
: 55 66 . 7 . 18 78 21 50 91 55 :
—————————————————————————————————————-

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

US Gulf Cash Basis

Corn HRW SRW Soybeans Soybean Meal Soybean Oil
March
115 May
175 May
115 May
110 May

April
115 May
175 May
115 May
110 May

May
100 May
175 May 100 May
107 May

DJ ICE Canada Cash Grain Close – Mar 24
WINNIPEG — The following are the closing cash
canola prices from ICE Futures.
Source: ICE Futures
Price Basis Contract Change
CANOLA
*Par Region 750.20 28.45 May 2023 up 28.45
Track Thunder Bay 773.40 30.00 May 2023 up 8.20
Track Vancouver 811.40 68.00 May 2023 up 8.20
All prices in Canadian dollars per metric tonne.
*Quote for previous day
Source: MarketsFarm (news@marketsfarm.com,
204-414-9084, or cell 204-782-5944)

DJ Malaysian PM Cash Market Prices for Palm Oil – March 27
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
Apr 940.00 +15.00 Unquoted – –
May 905.00 00.00 Unquoted – –
Jun 890.00 +10.00 Unquoted – –
Jul/Aug/Sep 850.00 +12.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Apr 950.00 +15.00 Unquoted – –
May 915.00 00.00 Unquoted – –
Jun 900.00 +10.00 Unquoted – –
Jul/Aug/Sep 860.00 +12.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Apr 910.00 +10.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Apr 705.00 +05.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Apr 4050.00 +100.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Apr 240.00 00.00 Unquoted – –
($1=MYR4.419)

DJ China Dalian Grain Futures Closing Prices, Volume – Mar 27
Soybean No. 1
Turnover: 172,308 lots, or 9.23 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-23 5,435 5,446 5,353 5,416 5,418 5,406 -12 110,512 94,270
Jul-23 5,300 5,331 5,242 5,311 5,299 5,287 -12 36,057 77,776
Sep-23 5,277 5,292 5,222 5,270 5,257 5,252 -5 3,265 5,965
Nov-23 5,260 5,277 5,202 5,242 5,234 5,229 -5 14,472 41,170
Jan-24 5,236 5,242 5,186 5,207 5,212 5,203 -9 80 806
Mar-24 5,220 5,229 5,168 5,189 5,194 5,189 -5 7,922 4,994
Corn
Turnover: 1,135,157 lots, or 30.88 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-23 2,755 2,766 2,718 2,728 2,758 2,741 -17 291,306 441,887
Jul-23 2,749 2,754 2,693 2,700 2,743 2,722 -21 642,109 827,340
Sep-23 2,740 2,743 2,689 2,694 2,734 2,712 -22 57,969 166,852
Nov-23 2,680 2,688 2,654 2,658 2,683 2,670 -13 135,764 257,078
Jan-24 2,683 2,689 2,658 2,662 2,681 2,670 -11 7,724 18,307
Mar-24 2,675 2,680 2,660 2,662 2,674 2,670 -4 285 682
Soymeal
Turnover: 1,441,521 lots, or 50.75 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-23 3,489 3,539 3,462 3,486 3,493 3,499 6 798,790 949,391
Jul-23 3,530 3,553 3,476 3,497 3,506 3,511 5 61,083 216,810
Aug-23 3,561 3,607 3,545 3,568 3,563 3,575 12 69,570 150,641
Sep-23 3,560 3,595 3,532 3,556 3,550 3,562 12 340,383 633,530
Nov-23 3,529 3,581 3,528 3,548 3,537 3,555 18 60,920 78,719
Dec-23 3,507 3,561 3,505 3,527 3,506 3,533 27 35,396 30,334
Jan-24 3,429 3,490 3,429 3,483 3,440 3,475 35 68,350 95,400
Mar-24 3,421 3,466 3,420 3,446 3,414 3,451 37 7,029 11,166
Palm Oil
Turnover: 1,050,928 lots, or 76.17 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Apr-23 7,312 7,436 7,308 7,424 7,232 7,388 156 328 5,250
May-23 7,246 7,352 7,210 7,336 7,190 7,288 98 829,739 442,924
Jun-23 7,218 7,296 7,162 7,276 7,134 7,236 102 28,029 100,208
Jul-23 7,100 7,226 7,096 7,216 7,066 7,168 102 24,341 80,022
Aug-23 7,070 7,164 7,036 7,144 7,024 7,110 86 16,275 51,835
Sep-23 7,020 7,114 6,982 7,062 6,986 7,050 64 127,925 171,863
Oct-23 7,002 7,106 6,976 7,050 6,960 7,046 86 16,271 30,868
Nov-23 7,040 7,102 6,976 7,056 6,972 7,044 72 7,221 13,492
Dec-23 7,052 7,094 7,052 7,094 6,990 7,072 82 2 185
Jan-24 7,012 7,100 6,984 7,034 6,968 7,036 68 792 1,913
Feb-24 7,078 7,090 7,078 7,090 6,962 7,084 122 2 96
Mar-24 7,092 7,092 7,034 7,034 7,006 7,066 60 3 137
Soybean Oil
Turnover: 969,812 lots, or 75.80 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-23 7,792 7,918 7,752 7,838 7,748 7,830 82 719,554 369,365
Jul-23 7,760 7,878 7,728 7,782 7,734 7,786 52 32,653 105,472
Aug-23 7,730 7,864 7,718 7,768 7,718 7,776 58 15,977 74,229
Sep-23 7,750 7,850 7,702 7,752 7,718 7,764 46 159,526 219,531
Nov-23 7,704 7,826 7,690 7,730 7,696 7,746 50 11,992 44,148
Dec-23 7,828 7,930 7,796 7,826 7,814 7,840 26 22,327 32,862
Jan-24 7,818 7,900 7,782 7,812 7,784 7,822 38 6,756 13,450
Mar-24 7,782 7,880 7,768 7,798 7,778 7,814 36 1,027 2,754
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