Grains Report 04/03/2023

DJ USDA Report: Summary for U.S. Grain, Soybean Prospective Planting
Following are key numbers from the USDA’s U.S. Grain,
Soybean Prospective Planting reports and how the
government’s estimates compared to analysts’ forecasts
in a Wall Street Journal survey.
U.S. Grain, Soybean Planting (million acres)
2023
Friday’s
Estimates Average Range USDA 2022
Corn 91.996 90.849 87.7-92.1 88.579
Soybeans 87.505 88.235 87.4-89.6 87.450
All Wheat 49.855 48.689 45.7-50.0 45.738
Winter Wheat 37.505 36.324 34.3-37.0 33.271
Spring Wheat 10.570 10.896 9.8-11.6 10.835
Durum Wheat 1.780 1.619 1.2-1.8 1.632

DJ USDA Report: Summary for U.S. Quarterly Grain Stocks
The following are key numbers from the USDA’s Quarterly Grain, Soybean
Stockpiles and how the government’s estimates compared with analysts’
forecasts in a Wall Street Journal survey.
U.S. Stockpiles on Mar. 1, 2023 (million bushels)
Friday’s USDA USDA
Estimate Average Range Mar. 2022 Dec. 2022
Corn 7,401 7,480 7,240-7,830 7,758 10,821
Soybeans 1,685 1,753 1,660-1,910 1,932 3,021
Wheat 946 928 875-965 1,029 1,312

WHEAT
General Comments: Wheat markets were higher last week, with Kansas City and Minneapolis leading the way. USDA estimated planted area at 49.855 million acres with Spring Wheat planted area reduced from last year. The news pushed Minneapolis prices higher on Friday. The quarterly stocks estimate was above the average trade expectation at 946 million bushels. Russia announced it is increasing taxes on exports of Wheat. Cargill and Viterra said that they will shut export programs in Russia and might be bowing to Russian pressure to do so as the country is moving to take more control of the export program. Trends are mostly up on the daily charts. 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. 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 mostly dry conditions. Temperatures should be above normal. Northern areas should see scattered snow showers in southern areas. 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. Support is at 681, 675, and 654 May, with resistance at 712, 724, and 728 May. Trends in Kansas City are mixed to up with objectives of 945 May. Support is at 864, 853, and 843 May, with resistance at 888, 896, and 898 May. Trends in Minneapolis are mixed to up with objectives of 910 and 938 May. Support is at 882, 871, and 860 March, and resistance is at 899, 910, and 918 May.

COT — Supplemental Report – Option and Futures Combined Positions as of March 28, 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 446,151
: Positions :
: 47,317 124,870 150,679 78,006 78,213 131,008 54,567 407,010 408,328: 39,141 37,823
: Changes from: March 21, 2023 (Change in open interest: -8,640) :
: 194 -2,388 -1,893 -2,452 -4,054 -4,195 -189 -8,345 -8,525: -295 -116
: Percent of Open Interest Represented by Each Category of Trader :
: 10.6 28.0 33.8 17.5 17.5 29.4 12.2 91.2 91.5: 8.8 8.5
: Total Traders: 368 Number of Traders in Each Category :
: 100 97 129 90 90 44 30 304 290:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of March 28, 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 188,039
: Positions :
: 25,230 37,905 41,536 37,368 65,924 64,592 19,923 168,727 165,287: 19,313 22,752
: Changes from: March 21, 2023 (Change in open interest: -551) :
: 2,060 -3,932 703 -3,357 2,496 66 -127 -528 -861: -22 310
: Percent of Open Interest Represented by Each Category of Trader :
: 13.4 20.2 22.1 19.9 35.1 34.4 10.6 89.7 87.9: 10.3 12.1
: Total Traders: 212 Number of Traders in Each Category :
: 41 49 55 63 71 36 19 172 164:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of March 28, 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 64,799 :
: Positions :
: 32,769 36,402 1,429 53 320 11,056 10,636 2,854 2,891 433 2,956 :
: Changes from: March 21, 2023 :
: -169 2,831 124 53 69 3,330 286 -233 -65 -94 688 :
: Percent of Open Interest Represented by Each Category of Trader :
: 50.6 56.2 2.2 0.1 0.5 17.1 16.4 4.4 4.5 0.7 4.6 :
: Number of Traders in Each Category Total Traders: 95 :
: 44 31 4 . . 12 11 12 10 . 9 :
—————————————————————————————————————-

RICE:
General Comments: Rice was lower again on Friday and lower for the week after trading as high as 1800 May one more time. USDQ estimated Rice plantings near 2.6 million acres so a significant increase in production is possible this year. Plantins last year were near 2.2 million bushels. Trends are mixed to down on the May charts. The weekly export sales report showed weaker demand. Demand has been good from domestic sources and offers seem hard to find right now. Export demand has been uneven and was low last week. Export 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 remains active in Texas and southern Louisiana with field conditions called very good in Louisiana and too dry in parts of Texas.
Overnight News: The Delta should get scattered showers. Temperatures should be above normal.
Chart Analysis: Trends are mixed to down with objectives of 1714 and 1671 May. Support is at 1724, 1712, and 1695 May and resistance is at 1772, 1778, and 1800 May.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of March 28, 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 8,862 :
: Positions :
: 4,765 4,382 0 0 0 507 1,541 21 1,261 512 778 :
: Changes from: March 21, 2023 :
: -492 1,186 0 0 0 87 -1,019 0 361 -125 47 :
: Percent of Open Interest Represented by Each Category of Trader :
: 53.8 49.5 0.0 0.0 0.0 5.7 17.4 0.2 14.2 5.8 8.8 :
: Number of Traders in Each Category Total Traders: 50 :
: 15 16 0 0 0 . 9 . 11 4 6 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn closed higher on Friday and for the week as traders reacted to the USDA reports. USDA estimated the quarterly stocks at the low end of trade estimates at 7/401 billion bushels. The prospective plantings were estimated at 91.996 million acres and at the high end of trade expectations. Bull spreads were a feature of the trade all week, but especially on Friday. The USDA export sales report came in at the low end of trade expectations. Oats were mixed 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 has improved because of the price differentials and the lack of a Brazil offer into the market. This trend should continue for the next few months if not longer. Prices from South America should now remain strong as countries there concentrate on Soybeans exports and not Corn. 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, but the harvest of Soybeans and the planting of Corn is now progressing well. 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:
Chart Analysis: Trends in Corn are up with objectives of 663 and 681 May. Support is at 643, 638, and 628 May, and resistance is at 655, 660, and 668 May. Trends in Oats are up with objectives of 400 May. Support is at 370, 367, and 362 May, and resistance is at 380, 386, and 388 May.

COT — Supplemental Report – Option and Futures Combined Positions as of March 28, 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 1,670,838
: Positions :
: 159,524 190,993 430,607 526,423 717,886 396,604 114,100 1,513,157 1,453,585: 157,681 217,253
: Changes from: March 21, 2023 (Change in open interest: -19,991) :
: 3,178 -18,151 -3,371 -17,081 10,649 -2,997 -3,767 -20,271 -14,641: 279 -5,351
: Percent of Open Interest Represented by Each Category of Trader :
: 9.5 11.4 25.8 31.5 43.0 23.7 6.8 90.6 87.0: 9.4 13.0
: Total Traders: 754 Number of Traders in Each Category :
: 126 127 186 327 386 54 32 610 640:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of March 28, 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 4,191 :
: Positions :
: 924 1,888 0 0 0 316 1,003 0 689 30 308 :
: Changes from: March 21, 2023 :
: -460 353 -98 -72 -28 115 -255 -42 66 30 -105 :
: Percent of Open Interest Represented by Each Category of Trader :
: 22.0 45.1 0.0 0.0 0.0 7.5 23.9 0.0 16.4 0.7 7.3 :
: Number of Traders in Each Category Total Traders: 24 :
: 8 8 0 0 0 . 5 0 4 . . :
—————————————————————————————————————-

SOYBEANS
General Comments: Soybeans the products were higher on Friday and for the week. USDA released its quarterly stocks and prospective plantings reports and both were considered bullish for futures. The quarterly stocks were 1.685 billion bushels and the prospective planted area was 87.505 million acres. Both were within the range of trade guesses but both were at the low end of guesses. The stocks report was considered more bullish and bull spreads were featured. The trends are up on the daily reports for Soybeans and Soybean Meal and mixed for Soybean Oil. Trends are still down on the weekly charts for Soybeans and Soybean Oil and are mixed for Soybean Meal. Reports from Brazil show that basis levels there are under pressure due to the large crop being harvested now. Private analysts say the harvest there was 70% complete a week ago so should be about 80% completer now. The basis might get higher later in the marketing period 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. Soybeans export demand is flowing to Brazil now. It remains hot but rains are reported in Argentina and crop conditions are getting stable. 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.
Overnight News:
Chart Analysis: Trends in Soybeans are up with no objectives. Support is at 1497, 1488 and 1483 May, and resistance is at 1516, 1532, and 1544 May. Trends in Soybean Meal are mixed to up with objectives of 476.00, 487.00, and 516.-00 May. Support is at 457.00, 453.00, and 447.00 May, and resistance is at 475.00, 485.00, and 490.00 May. Trends in Soybean Oil are mixed. Support is at 5390, 5130, and 5000 May, with resistance at 5810, 5980, and 6050 May.

COT — Supplemental Report – Option and Futures Combined Positions as of March 28, 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 886,818
: Positions :
: 125,232 38,063 244,465 283,727 460,038 179,497 55,405 832,920 797,971: 53,898 88,847
: Changes from: March 21, 2023 (Change in open interest: 19,028) :
: -4,492 3,332 15,839 12,565 1,435 -4,640 -291 19,272 20,315: -244 -1,288
: Percent of Open Interest Represented by Each Category of Trader :
: 14.1 4.3 27.6 32.0 51.9 20.2 6.2 93.9 90.0: 6.1 10.0
: Total Traders: 552 Number of Traders in Each Category :
: 152 101 178 172 218 55 24 453 456:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of March 28, 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 506,284
: Positions :
: 36,560 68,180 114,849 196,038 266,992 127,582 25,237 475,029 475,258: 31,255 31,027
: Changes from: March 21, 2023 (Change in open interest: 9,827) :
: -5,326 684 4,746 8,877 4,944 1,505 152 9,803 10,526: 24 -699
: Percent of Open Interest Represented by Each Category of Trader :
: 7.2 13.5 22.7 38.7 52.7 25.2 5.0 93.8 93.9: 6.2 6.1
: Total Traders: 306 Number of Traders in Each Category :
: 52 72 84 95 99 42 27 240 243:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of March 28, 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 466,859
: Positions :
: 93,794 23,872 99,585 104,198 300,076 120,460 12,499 418,037 436,032: 48,822 30,828
: Changes from: March 21, 2023 (Change in open interest: -14,753) :
: -18,060 1,243 6,999 2,031 -19,407 -3,478 -1,102 -12,508 -12,267: -2,245 -2,486
: Percent of Open Interest Represented by Each Category of Trader :
: 20.1 5.1 21.3 22.3 64.3 25.8 2.7 89.5 93.4: 10.5 6.6
: Total Traders: 293 Number of Traders in Each Category :
: 82 40 75 96 105 42 14 252 208:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Palm Oil closed higher last week and remains in a sideways trend on the weekly charts Trends turned up with the higher close today on news that OPEC was cutting oil production again. 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 there. The controls are expected to last through Ramadan. Peninsular Malaysia has had bad weather. Canola was higher but held inside the trading range of the previous week. 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 mixed to up with no objectives. Support is at 763.00, 745.00, and 733.00 May, with resistance at 781.00, 790.00, and 803.00 May. Trends in Palm Oil are mixed to up with objectives of 3970 June. Support is at 3720, 3680, and 3610 June, with resistance at 3830, 3900, and 4050 June.

DJ Malaysia March 1-31 Palm Oil Exports Up 24.7%, SGS Says
Malaysia’s palm oil exports during the March 1-31 period are estimated up 24.7% on month at 1,411,707 metric tons, cargo surveyor SGS (Malaysia) Bhd. said Monday.
The following are the major items in the SGS estimate:
(All figures in metric tons)
March 1-31 February 1-28
RBD Palm Olein 489,014 284,206
RBD Palm Oil 51,959 87,580
RBD Palm Stearin 133,618 76,471
Crude Palm Oil 269,342 248,875
*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 March 28, 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 53,275 :
: Positions :
: 44,720 29,005 1,350 11,010 440 0 200 0 2,970 8,825 3,795 :
: Changes from: March 21, 2023 :
: 4,105 2,125 0 640 60 0 200 0 -460 680 120 :
: Percent of Open Interest Represented by Each Category of Trader :
: 83.9 54.4 2.5 20.7 0.8 0.0 0.4 0.0 5.6 16.6 7.1 :
: Number of Traders in Each Category Total Traders: 32 :
: 9 11 . 5 . 0 . 0 6 6 5 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of March 28, 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 304,030 :
: Positions :
: 240,523 172,579 8,399 2,496 847 16,407 80,007 26,711 2,158 12,061 7,404 :
: Changes from: March 21, 2023 :
: -18,990 -3,883 -794 -238 283 4,776 -7,325 2,270 -1,238 -4,716 197 :
: Percent of Open Interest Represented by Each Category of Trader :
: 79.1 56.8 2.8 0.8 0.3 5.4 26.3 8.8 0.7 4.0 2.4 :
: Number of Traders in Each Category Total Traders: 313 :
: 53 62 4 6 4 22 74 24 55 77 51 :
—————————————————————————————————————-

Midwest Weather Forecast: Showers and storms developing. Temperatures should average near to above 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 31
WINNIPEG — The following are the closing cash canola prices
from ICE Futures.
Source: ICE Futures
1 Canada NCC Best Bid
Price Basis Contract Change
CANOLA
*Par Region 774.60 10.00 May 2023 dn 10.40
Basis: Thunder Bay 797.90 30.00 May 2023 up 3.30
Basis: Vancouver 832.90 65.00 May 2023 up 3.30
All prices in Canadian dollars per metric tonne.
*Quote for previous day.
Source: MarketsFarm (news@marketsfarm.com, 204-414-9084)

DJ Malaysian PM Cash Market Prices for Palm Oil – April 3
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 1020.00 +30.00 Unquoted – –
May 985.00 +30.00 Unquoted – –
Jun 945.00 +30.00 Unquoted – –
Jul/Aug/Sep 895.00 +17.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Apr 1030.00 +30.00 Unquoted – –
May 995.00 +30.00 Unquoted – –
Jun 955.00 +30.00 Unquoted – –
Jul/Aug/Sep 905.00 +17.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Apr 950.00 +25.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Apr 775.00 +15.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Apr 4250.00 +50.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Apr 245.00 +06.00 Unquoted – –
($1=MYR4.417)

DJ China Dalian Grain Futures Closing Prices, Volume – Apr 03
Soybean No. 1
Turnover: 142,419 lots, or 7.59 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-23 5,380 5,406 5,346 5,388 5,389 5,379 -10 80,529 83,514
Jul-23 5,311 5,312 5,254 5,304 5,295 5,292 -3 35,526 83,343
Sep-23 5,255 5,267 5,217 5,250 5,253 5,248 -5 9,147 9,302
Nov-23 5,229 5,236 5,188 5,214 5,221 5,218 -3 14,459 38,374
Jan-24 5,180 5,215 5,170 5,190 5,199 5,192 -7 97 1,067
Mar-24 5,182 5,195 5,156 5,174 5,182 5,180 -2 2,661 2,294
Corn
Turnover: 905,924 lots, or 24.68 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-23 2,737 2,757 2,734 2,739 2,747 2,745 -2 185,546 347,453
Jul-23 2,718 2,742 2,718 2,721 2,724 2,727 3 527,063 769,182
Sep-23 2,708 2,728 2,701 2,709 2,705 2,713 8 46,637 176,039
Nov-23 2,679 2,695 2,674 2,679 2,675 2,684 9 63,166 242,829
Jan-24 2,682 2,700 2,680 2,683 2,683 2,689 6 9,520 21,788
Mar-24 2,679 2,695 2,676 2,680 2,677 2,685 8 73,992 14,560
Soymeal
Turnover: 1,852,152 lots, or 66.77 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-23 3,519 3,656 3,486 3,638 3,526 3,584 58 953,263 799,852
Jul-23 3,503 3,648 3,484 3,629 3,524 3,575 51 137,445 208,289
Aug-23 3,592 3,707 3,561 3,694 3,601 3,636 35 42,902 146,401
Sep-23 3,586 3,696 3,553 3,681 3,585 3,648 63 559,493 756,658
Nov-23 3,592 3,716 3,551 3,674 3,582 3,625 43 44,533 77,316
Dec-23 3,556 3,665 3,544 3,653 3,568 3,612 44 34,562 30,787
Jan-24 3,518 3,608 3,496 3,593 3,517 3,568 51 72,730 108,605
Mar-24 3,484 3,571 3,465 3,546 3,484 3,533 49 7,224 12,905
Palm Oil
Turnover: 961,422 lots, or 73.68 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Apr-23 7,320 7,858 7,320 7,850 7,682 7,758 76 341 4,105
May-23 7,608 7,850 7,606 7,750 7,618 7,748 130 694,453 328,703
Jun-23 7,474 7,774 7,472 7,680 7,474 7,680 206 32,069 100,380
Jul-23 7,410 7,668 7,410 7,580 7,414 7,564 150 22,108 80,601
Aug-23 7,354 7,578 7,350 7,478 7,356 7,472 116 14,188 52,297
Sep-23 7,268 7,470 7,268 7,378 7,286 7,390 104 170,623 186,702
Oct-23 7,250 7,432 7,250 7,346 7,262 7,348 86 10,449 32,077
Nov-23 7,248 7,414 7,234 7,330 7,234 7,332 98 14,685 15,244
Dec-23 7,246 7,396 7,222 7,312 7,228 7,324 96 880 657
Jan-24 7,212 7,376 7,208 7,300 7,224 7,306 82 1,309 1,962
Feb-24 7,194 7,352 7,194 7,284 7,194 7,266 72 214 293
Mar-24 7,226 7,376 7,226 7,330 7,226 7,228 2 103 239
Soybean Oil
Turnover: 885,483 lots, or 72.98 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-23 8,140 8,388 8,140 8,292 8,174 8,288 114 576,541 298,632
Jul-23 8,068 8,268 8,052 8,180 8,068 8,192 124 32,325 104,095
Aug-23 8,022 8,246 8,022 8,146 8,040 8,170 130 15,604 77,914
Sep-23 8,020 8,238 8,002 8,114 8,020 8,150 130 231,113 258,005
Nov-23 7,982 8,198 7,974 8,074 7,990 8,120 130 11,701 40,575
Dec-23 8,040 8,226 8,032 8,126 8,048 8,150 102 12,395 29,821
Jan-24 8,026 8,204 8,018 8,100 8,034 8,128 94 4,841 14,262
Mar-24 7,990 8,176 7,986 8,070 7,974 8,114 140 963 4,383
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