Grains Report 04/10/2023

DJ U.S. April Grain, Soybean Stockpiles Estimates — Survey
NEW YORK–The following are analysts’ estimates in millions of bushels for U.S. ending stockpiles for 2022-23, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated supply and demand tables on Tuesday at noon ET.
U.S. 2022-23 Stockpiles (millions)
Average Range USDA March USDA 2021-2022
Corn 1,316 1,182-1,392 1,342 1,377
Soybeans 201 170-235 210 274
Wheat 581 557-616 568 698
2022-23
Corn Soybeans Wheat
AgriSompo North America 1,353 225 600
Agrisource 1,335 205 560
Allendale 1,342 215 597
Doane 1,335 185 585
Futures Intl 1,292 192 565
Grain Cycles 1,392 225 568
Linn 1,182 235 580
Sid Love Consulting 1,342 210 568
Marex 1,342 210 583
Midland Research 1,342 178 598
Midwest Market Solutions 1,345 204 616
Northstar 1,300 200 575
Ocean State Research 1,317 200 583
Prime Ag 1,242 170 578
RJ O’Brien 1,301 203 604
RMC 1,295 175 585
StoneX 1,277 220 557
US Commodities 1,317 175 570
Vantage RM 1,367 200 568
Zaner Ag Hedge 1,307 190 573

DJ April World Grain, Soybean Stockpiles Estimates — Survey
NEW YORK–The following are analysts’ estimates in millions of metric tons for world grain and soybean ending stockpiles for 2022-23, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated supply and demand tables on Tuesday at noon ET.
World 2022-23 Stockpiles (million metric tons)
2022-23
Average Range USDA March USDA 2021-22
Corn 295.1 291.7-298.0 296.5 305.7
Soybeans 98.6 96.5-101.9 100.0 99.0
Wheat 267.1 265.0-269.0 267.2 271.5
2022-23
Corn Soybeans Wheat
AgriSompo North America 296.1 99.5 266.8
Allendale 294.7 99.3 268.4
Futures Intl 293.0 97.8 265.5
Grain Cycles 298.0 99.0 267.0
Linn 295.0 96.5 265.0
Marex 298.0 98.0 268.0
Midwest Market Solutions 295.6 99.5 267.4
Northstar 294.6 98.0 267.5
Ocean State Research 295.0 99.0 268.0
Prime Ag 293.0 97.0 267.0
RMC 294.5 98.0 269.0
StoneX 297.3 101.9 266.0
US Commodities 295.0 98.5 267.5
Zaner Ag Hedge 291.7 98.7 266.1

DJ April Brazil, Argentina Corn, Soybean Production Estimates – Survey
NEW YORK–The following are analysts’ estimates in millions of metric tons for Brazil and Argentina corn and soybean production for 2022-23, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release its monthly estimates on Tuesday at noon ET.
Brazil Corn, Soybean Production (million metric tons)
Average Range USDA March USDA 2021-22
Corn 126.4 123.0-131.3 125.0 116.0
Soybeans 153.6 151.0-157.7 153.0 129.5
Corn Soybeans
AgriSompo North America 125.5 152.5
Allendale 125.0 153.0
Doane 123.0 152.0
Futures Intl 125.5 155.0
Linn 128.0 153.0
Marex 128.0 154.0
Midland Research 127.0 155.0
Midwest Market Solutions 125.0 152.5
Northstar 125.0 153.0
Ocean State Research 127.0 154.0
Prime Ag 125.0 153.0
RMC 127.0 155.0
StoneX 131.3 157.7
US Commodities 128.0 151.0
Zaner Ag Hedge 125.0 154.0
Argentina Corn, Soybean Production (million metric tons)
Average Range USDA March USDA 2021-22
Corn 37.0 33.0-39.0 40.0 49.5
Soybeans 29.0 25.0-31.5 33.0 43.9
Corn Soybeans
AgriSompo North America 38.0 31.5
Allendale 39.0 31.0
Doane 36.0 25.0
Futures Intl 36.0 29.0
Linn 38.0 28.0
Marex 38.0 28.0
Midland Research 33.0 27.0
Midwest Market Solutions 38.5 31.0
Northstar 38.9 30.0
Ocean State Research 37.0 30.0
Prime Ag 37.0 30.0
RMC 36.0 27.5
StoneX 37.0 28.0
US Commodities 38.0 30.0
Zaner Ag Hedge 35.0 29.5

WHEAT
General Comments: Wheat markets were lower last week on what appeared to be new selling from speculators. Trends are turning down 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 mostly dry conditions. Temperatures will average above normal. The Canadian Prairies should see mostly dry conditions. Temperatures should average above normal.
Chart Analysis: Trends in Chicago are mixed to down with objectives of 645 and 602 May. Support is at 654, 648, and 642 May, with resistance at 692, 712, and 724 May. Trends in Kansas City are mixed to down with objectives of 830 and 792 May. Support is at 853, 843, and 823 May, with resistance at 875, 888, and 896 May. Trends in Minneapolis are mixed to down with objectives of 840, 823, and 814 May. Support is at 870, 860, and 846 March, and resistance is at 887, 899, and 910 May.

COT — Supplemental Report – Option and Futures Combined Positions as of April 04, 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 449,495
: Positions :
: 44,688 122,977 153,295 72,892 77,735 132,900 56,733 403,775 410,739: 45,720 38,756
: Changes from: March 28, 2023 (Change in open interest: 3,344) :
: -2,629 -1,894 2,616 -5,113 -478 1,892 2,166 -3,234 2,411: 6,578 933
: Percent of Open Interest Represented by Each Category of Trader :
: 9.9 27.4 34.1 16.2 17.3 29.6 12.6 89.8 91.4: 10.2 8.6
: Total Traders: 376 Number of Traders in Each Category :
: 103 99 137 88 90 44 31 312 299:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of April 04, 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 191,019
: Positions :
: 25,224 34,646 42,470 40,102 71,303 64,062 20,061 171,858 168,479: 19,161 22,539
: Changes from: March 28, 2023 (Change in open interest: 2,979) :
: -7 -3,259 934 2,734 5,379 -530 138 3,131 3,192: -152 -213
: Percent of Open Interest Represented by Each Category of Trader :
: 13.2 18.1 22.2 21.0 37.3 33.5 10.5 90.0 88.2: 10.0 11.8
: Total Traders: 217 Number of Traders in Each Category :
: 46 47 60 60 72 37 19 174 170:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of April 4, 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 67,359 :
: Positions :
: 32,827 38,470 1,284 29 403 10,161 9,467 3,613 4,147 588 3,703 :
: Changes from: March 28, 2023 :
: 57 2,068 -145 -24 82 -895 -1,169 759 1,256 155 747 :
: Percent of Open Interest Represented by Each Category of Trader :
: 48.7 57.1 1.9 0.0 0.6 15.1 14.1 5.4 6.2 0.9 5.5 :
: Number of Traders in Each Category Total Traders: 99 :
: 46 33 . . . 14 9 8 12 . 11 :
—————————————————————————————————————-

RICE:
General Comments: Rice was lower last week and trends are down on the May daily charts. 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 down with no objectives. Support is at 1631, 1625, and 1620 May and resistance is at 1689, 1700, and 1723 May.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of April 4, 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 9,016 :
: Positions :
: 5,032 4,318 0 0 0 422 1,585 21 1,027 523 861 :
: Changes from: March 28, 2023 :
: 267 -64 0 0 0 -85 44 0 -234 10 83 :
: Percent of Open Interest Represented by Each Category of Trader :
: 55.8 47.9 0.0 0.0 0.0 4.7 17.6 0.2 11.4 5.8 9.6 :
: Number of Traders in Each Category Total Traders: 49 :
: 15 15 0 0 0 . 10 . 9 5 6 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn and Oats closed lower last week, with Corn lower on reports of increased selling of cash gain by American farmers and forecasts for improved field working conditions net week as the weather is expected to turn drier and warmer for much of the central US. 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. Safrinha Corn planting in Brazil is delayed. These delays continue, but the harvest of Soybeans and the planting of Corn is now progressing well. 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. Warmer and drier weather is expected this week to allow for at least some fieldwork to get done.
Overnight News:
Chart Analysis: Trends in Corn are mixed. Support is at 647, 643, and 638 May, and resistance is at 660, 668, and 672 May. Trends in Oats are down with objectives of 317 May. Support is at 336, 333, and 328 May, and resistance is at 353, 360, and 3698 May.

COT — Supplemental Report – Option and Futures Combined Positions as of April 04, 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 1,670,937
: Positions :
: 152,278 176,911 428,913 511,847 742,308 400,584 108,510 1,493,622 1,456,642: 177,315 214,295
: Changes from: March 28, 2023 (Change in open interest: 99) :
: -7,246 -14,082 -1,694 -14,576 24,422 3,980 -5,590 -19,535 3,056: 19,634 -2,957
: Percent of Open Interest Represented by Each Category of Trader :
: 9.1 10.6 25.7 30.6 44.4 24.0 6.5 89.4 87.2: 10.6 12.8
: Total Traders: 769 Number of Traders in Each Category :
: 138 115 193 344 398 55 32 639 653:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of April 4, 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 4,439 :
: Positions :
: 1,063 1,963 141 0 22 250 851 0 575 7 449 :
: Changes from: March 28, 2023 :
: 139 74 141 0 22 -66 -152 0 -114 -23 141 :
: Percent of Open Interest Represented by Each Category of Trader :
: 23.9 44.2 3.2 0.0 0.5 5.6 19.2 0.0 13.0 0.2 10.1 :
: Number of Traders in Each Category Total Traders: 23 :
: 8 7 . 0 . . 5 0 4 . . :
—————————————————————————————————————-

SOYBEANS
General Comments: Soybeans and the products were lower last week on reduced demand ideas for US Soybeans. Reports from Brazil show that basis levels there are under pressure due to the large crop being harvested 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. Warmer and drier weather is in the forecast for this week, so some areas can get started with fieldwork
Overnight News:
Chart Analysis: Trends in Soybeans are mixed to down with objectives of 1485 and 1463 May. Support is at 1483, 1471 and 1462 May, and resistance is at 1507, 1527, and 1532 May. Trends in Soybean Meal are mixed to down with objectives of 428.00 May. Support is at 446.00, 425.00, and 422.00 May, and resistance is at 459.00, 469.00, and 475.00 May. Trends in Soybean Oil are mixed. Support is at 5390, 5`30, and 5000 May, with resistance at 5630, 5810, and 5980 May.

COT — Supplemental Report – Option and Futures Combined Positions as of April 04, 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 911,421
: Positions :
: 137,198 23,803 250,748 267,748 495,633 190,838 52,801 846,531 822,985: 64,890 88,436
: Changes from: March 28, 2023 (Change in open interest: 24,603) :
: 11,966 -14,260 6,283 -15,979 35,595 11,341 -2,605 13,611 25,014: 10,991 -411
: Percent of Open Interest Represented by Each Category of Trader :
: 15.1 2.6 27.5 29.4 54.4 20.9 5.8 92.9 90.3: 7.1 9.7
: Total Traders: 539 Number of Traders in Each Category :
: 155 88 183 167 209 57 21 450 440:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of April 04, 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 525,578
: Positions :
: 35,106 68,960 121,150 207,635 277,006 130,294 25,672 494,185 492,789: 31,393 32,789
: Changes from: March 28, 2023 (Change in open interest: 19,293) :
: -1,454 781 6,301 11,597 10,014 2,712 435 19,156 17,531: 137 1,763
: Percent of Open Interest Represented by Each Category of Trader :
: 6.7 13.1 23.1 39.5 52.7 24.8 4.9 94.0 93.8: 6.0 6.2
: Total Traders: 306 Number of Traders in Each Category :
: 54 74 86 95 100 42 27 243 243:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of April 04, 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 487,963
: Positions :
: 95,290 23,545 108,843 108,988 309,384 122,274 12,960 435,395 454,731: 52,568 33,232
: :
: Changes from: March 28, 2023 (Change in open interest: 21,104) :
: 1,496 -327 9,258 4,790 9,308 1,815 461 17,358 18,699: 3,746 2,405
: :
: Percent of Open Interest Represented by Each Category of Trader :
: 19.5 4.8 22.3 22.3 63.4 25.1 2.7 89.2 93.2: 10.8 6.8
: :
: Total Traders: 294 Number of Traders in Each Category :
: 81 42 79 98 110 40 17 255 218:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Palm Oil closed higher again last week on follow through buying tied to the OPEC news and on a lack of offer from Indonesia. Futures were higher again today. Trends turned mixed on the daily charts despite 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 not been offering as it tries to build stocks for its own bio fuels industry but it is expected to start offering very soon. Canola was a little higher last week on bad weather now. Forecasts for warmer weather to show up in the Prairies this week could start to allow for fieldwork to start. 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. Support is at 756.00, 745.00, and 733.00 May, with resistance at 780.00, 789.00, and 798.00 May. Trends in Palm Oil are mixed to down with objectives of 3760 and 3650 June. Support is at 3800, 3700, and 3680 June, with resistance at 3870, 3980, and 4050 June.

DJ Malaysia’s March Palm Oil Exports Rose 32%, MPOB Says
Malaysia’s palm oil exports rose 32% on month to 1.49 million metric tons in March, the Malaysian Palm Oil Board said.
The following are details of the March crop data and revised numbers for February, issued by MPOB:
March February Change
On Month
Crude Palm Oil Output 1,288,354 1,253,664 Up 2.77%
Palm Oil Exports 1,486,233 1,127,953 Up 31.76%
Closing Stocks 1,673,044 2,119,848 Dn 21.08%
Crude Palm Oil 891,653 1,160,397 Dn 23.16%
Processed Palm Oil 781,391 959,451 Dn 18.56%

DJ Malaysia April 1-10 Palm Oil Exports 337,233 Tons, Down 29%, AmSpec Says
Malaysia’s palm oil exports during the April 1-10 period are estimated down 29% on month at 337,233 metric tons, cargo surveyor AmSpec Agri Malaysia said Monday.
The following are the major items in the AmSpec estimate:
(All figures in metric tons)
April 1-10 March 1-10
RBD Palm Olein 89,518 167,815
RBD Palm Oil 37,990 33,725
RBD Palm Stearin 31,560 57,440
Crude Palm Oil 56,550 96,110
Total* 337,233 474,830
*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 April 4, 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 48,225 :
: Positions :
: 41,345 28,065 1,210 8,800 180 0 240 0 2,430 7,880 3,060 :
: Changes from: March 28, 2023 :
: -3,375 -940 -140 -2,210 -260 0 40 0 -540 -945 -735 :
: Percent of Open Interest Represented by Each Category of Trader :
: 85.7 58.2 2.5 18.2 0.4 0.0 0.5 0.0 5.0 16.3 6.3 :
: Number of Traders in Each Category Total Traders: 32 :
: 9 11 . 5 . 0 . 0 5 7 5 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of April 4, 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 295,029 :
: Positions :
: 226,091 170,278 8,772 2,507 834 20,737 70,722 27,171 1,882 13,440 8,222 :
: Changes from: March 28, 2023 :
: -14,432 -2,301 373 11 -13 4,330 -9,285 460 -276 1,379 818 :
: Percent of Open Interest Represented by Each Category of Trader :
: 76.6 57.7 3.0 0.8 0.3 7.0 24.0 9.2 0.6 4.6 2.8 :
: Number of Traders in Each Category Total Traders: 299 :
: 51 62 4 6 4 26 64 24 51 72 50 :
—————————————————————————————————————-

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

US Gulf Cash Basis

Corn HRW SRW Soybeans Soybean Meal Soybean Oil
April
183 May
190 May
110 May
120 May

May
98 May
185 May
95 May
110 May

June
117 July
175 May 80 July
124 July

DJ ICE Canada Cash Grain Close – Apr 6
WINNIPEG — The following are the closing cash
canola prices from ICE Futures.
Source: ICE Futures
Price Basis Contract Change
CANOLA
*Par Region 776.90 13.20 May 2023 dn 14.80
Track Thunder Bay 816.40 45.00 May 2023 up 7.70
Track Vancouver 826.40 55.00 May 2023 up 7.70
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 – April 10
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 1040.00 +15.00 Unquoted – –
May 1000.00 +30.00 Unquoted – –
Jun 950.00 +15.00 Unquoted – –
Jul/Aug/Sep 885.00 -02.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Apr 1050.00 +15.00 Unquoted – –
May 1010.00 +30.00 Unquoted – –
Jun 960.00 +15.00 Unquoted – –
Jul/Aug/Sep 895.00 -02.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Apr 950.00 00.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Apr 780.00 00.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Apr 4350.00 +50.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Apr 243.00 00.00 Unquoted – –
($1=MYR4.406)

DJ China Dalian Grain Futures Closing Prices, Volume – Apr 10
Soybean No. 1
Turnover: 221,501 lots, or 1.15 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-23 5,365 5,372 5,334 5,362 5,327 5,355 28 59,604 54,357
Jul-23 5,134 5,183 5,115 5,142 5,140 5,142 2 119,208 122,386
Sep-23 5,102 5,138 5,065 5,099 5,105 5,098 -7 30,803 18,999
Nov-23 5,083 5,104 5,040 5,072 5,095 5,073 -22 10,811 27,053
Jan-24 5,061 5,094 5,030 5,062 5,071 5,060 -11 373 2,305
Mar-24 5,053 5,086 5,021 5,042 5,067 5,045 -22 702 4,127
Corn
Turnover: 932,449 lots, or 2.56 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-23 2,734 2,763 2,733 2,761 2,732 2,752 20 170,729 282,748
Jul-23 2,730 2,766 2,727 2,763 2,713 2,748 35 571,329 772,368
Sep-23 2,715 2,750 2,713 2,749 2,702 2,733 31 72,152 212,749
Nov-23 2,690 2,726 2,687 2,724 2,683 2,707 24 74,940 240,019
Jan-24 2,690 2,708 2,688 2,704 2,685 2,699 14 6,951 25,177
Mar-24 2,682 2,695 2,680 2,692 2,678 2,686 8 36,348 18,951
Soymeal
Turnover: 1,078,553 lots, or 38.51 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-23 3,560 3,565 3,531 3,551 3,559 3,551 -8 447,769 652,356
Jul-23 3,537 3,552 3,516 3,532 3,543 3,536 -7 105,223 255,708
Aug-23 3,596 3,617 3,584 3,587 3,613 3,601 -12 41,006 160,265
Sep-23 3,602 3,616 3,583 3,587 3,608 3,598 -10 402,492 896,629
Nov-23 3,595 3,630 3,581 3,584 3,599 3,594 -5 34,105 83,383
Dec-23 3,587 3,595 3,570 3,574 3,586 3,583 -3 19,523 32,940
Jan-24 3,536 3,546 3,519 3,526 3,535 3,534 -1 24,753 112,837
Mar-24 3,502 3,512 3,482 3,490 3,503 3,496 -7 3,682 14,236
Palm Oil
Turnover: 901,678 lots, or 68.08 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Apr-23 7,804 7,804 7,804 7,804 7,804 7,804 0 250 2,503
May-23 7,744 7,752 7,586 7,658 7,744 7,668 -76 602,866 258,133
Jun-23 7,612 7,612 7,462 7,510 7,614 7,528 -86 27,588 95,894
Jul-23 7,506 7,514 7,362 7,396 7,502 7,444 -58 22,746 80,876
Aug-23 7,416 7,420 7,284 7,308 7,416 7,358 -58 13,131 51,453
Sep-23 7,326 7,338 7,196 7,210 7,326 7,272 -54 209,613 221,687
Oct-23 7,286 7,306 7,176 7,194 7,290 7,250 -40 7,762 32,143
Nov-23 7,296 7,312 7,170 7,182 7,282 7,248 -34 14,637 16,434
Dec-23 7,278 7,282 7,158 7,162 7,256 7,226 -30 1,863 4,922
Jan-24 7,256 7,260 7,138 7,146 7,232 7,198 -34 1,204 2,129
Feb-24 7,222 7,228 7,178 7,182 7,236 7,204 -32 12 293
Mar-24 7,218 7,218 7,178 7,184 7,222 7,198 -24 6 376
Soybean Oil
Turnover: 772,443 lots, or 62.69 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-23 8,270 8,288 8,138 8,156 8,286 8,200 -86 443,592 234,468
Jul-23 8,104 8,112 7,966 7,980 8,084 8,040 -44 34,937 105,239
Aug-23 8,052 8,090 7,946 7,958 8,052 8,024 -28 10,294 77,415
Sep-23 8,080 8,080 7,920 7,936 8,034 7,994 -40 259,649 305,891
Nov-23 8,042 8,066 7,914 7,930 8,020 7,988 -32 11,123 38,524
Dec-23 8,110 8,122 7,984 7,994 8,084 8,052 -32 7,692 27,860
Jan-24 8,090 8,104 7,960 7,972 8,062 8,030 -32 3,912 15,664
Mar-24 8,062 8,070 7,928 7,946 8,028 7,982 -46 1,244 5,022
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