Grains Report 05/08/2023

DJ CBOT Delivery Intentions: Totals – May 8
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL May May 09, 2023 100 Apr 25, 2023
KC HRW WHEAT May May 09, 2023 36 Apr 26, 2023
OATS May May 09, 2023 2 May 05, 2023
WHEAT May May 09, 2023 74 May 05, 2023
.
WHEAT
General Comments: Wheat markets were higher last week on buying seen in reaction to news that a couple of drones had flown into Moscow and might have tried to assassinate Mr. Putin. Some selling was seen before the news hit the market on weak demand ideas and on forecasts for rains in dry parts of the western Great Plains, but it looks like the fund shorts have decided that futures are cheap enough and are covering short positions. More showers are in the forecast for this week and will be welcome as not all areas got hit last week. The showers are expected to be more scattered this week. It is also dry in the Canadian Prairies, especially in western areas, and producers are worried about planting. US Spring Wheat planting progress has been slow due to wet soils caused mostly by the huge snows seen earlier this Winter that have been melting. Uncertainty about the Black Sea Corridor deal continued, but it now appears that Turkey will act as a go between for Russia in Wheat and other grains payments. Russia has said that the current system cannot last and seems ready to kill the deal completely. It has been talking to Turkey about the deal and to the UN. Ideas that big Russian offers and cheaper Russian prices would be a feature for a while in the 000world 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. Both countries will have a lot of Wheat to export. The daily charts show up trends for all three markets. Weekly chart trends are down for SRW and Spring Wheat and mixed for HRW.
Overnight News: The southern Great Plains should get isolated showers. 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 up with objectives of 680 and 718 July. Support is at 644, 627, and 622 July, with resistance at 666, 670, and 683 July. Trends in Kansas City are up with objectives of 860 July. Support is at 812, 797, and 782 July, with resistance at 849, 863, and 886 July. Trends in Minneapolis are up with objectives of 863 and 910 July. Support is at 825 815, and 810 July, and resistance is at 845, 864, and 872 July.

COT — Supplemental Report – Option and Futures Combined Positions as of May 02, 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 462,482
: Positions :
: 52,830 160,929 142,871 88,652 58,117 132,900 64,013 417,253 425,930: 45,229 36,552
: Changes from: April 25, 2023 (Change in open interest: 32,903) :
: 5,308 13,045 18,191 6,812 -5,722 3,761 8,064 34,072 33,578: -1,169 -675
: Percent of Open Interest Represented by Each Category of Trader :
: 11.4 34.8 30.9 19.2 12.6 28.7 13.8 90.2 92.1: 9.8 7.9
: Total Traders: 376 Number of Traders in Each Category :
: 102 110 120 92 79 44 30 302 285:

COT — Supplemental Report – Option and Futures Combined Positions as of May 02, 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 202,728
: Positions :
: 29,286 49,555 43,377 43,496 60,867 61,925 24,711 178,084 178,510: 24,644 24,219
: Changes from: April 25, 2023 (Change in open interest: 18,250) :
: 1,911 10,175 7,654 3,964 -4,635 805 4,068 14,334 17,263: 3,915 987
: Percent of Open Interest Represented by Each Category of Trader :
: 14.4 24.4 21.4 21.5 30.0 30.5 12.2 87.8 88.1: 12.2 11.9
: Total Traders: 219 Number of Traders in Each Category :
: 42 51 57 61 67 36 22 169 173:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 2, 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 58,032 :
: Positions :
: 30,909 29,251 1,086 184 88 4,844 13,050 1,908 2,703 268 3,138 :
: Changes from: April 25, 2023 :
: 2,282 -322 105 184 11 -2,430 2,366 94 -478 192 1,009 :
: Percent of Open Interest Represented by Each Category of Trader :
: 53.3 50.4 1.9 0.3 0.2 8.3 22.5 3.3 4.7 0.5 5.4 :
: Number of Traders in Each Category Total Traders: 101 :
: 48 37 . . . 11 17 9 8 . 8 :
—————————————————————————————————————-

RICE:
General Comments: Rice was higher once again on Friday and for the week on follow through buying. Futures continue to work higher and have apparently made a major low on the charts. Chart trends are up and overbought for the daily charts and are up on the weekly charts. The buying started when Bunge took almost all of the First Notice Day deliveries and has continued since then. Offers seem hard to find right now, but demand has been a problem all year. 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.
Overnight News: The Delta should get moistly dry conditions. Temperatures should be near to above normal.
Chart Analysis: Trends are up with no objectives. Support is at 1800, 1795, and 1782 July and resistance is at 1831, 1849, and 1861 July.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 2, 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 7,937 :
: Positions :
: 3,724 4,521 0 0 0 603 1,309 29 1,387 319 510 :
: Changes from: April 25, 2023 :
: -530 371 0 0 0 118 -186 8 244 -236 63 :
: Percent of Open Interest Represented by Each Category of Trader :
: 46.9 57.0 0.0 0.0 0.0 7.6 16.5 0.4 17.5 4.0 6.4 :
: Number of Traders in Each Category Total Traders: 49 :
: 13 18 0 0 0 4 9 . 13 . 5 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn and Oats closed higher on Friday and for the week, with both markets rallying on follow through buying tied to news that drones had been seen in Moscow and the Russian government accusing Ukraine of sending them to kill Putin. It looked like the funds and other speculator were covering short positions. Trends are up on the daily charts for both markets, but weekly chart trends are mixed for Corn and still down for Oats. Corn is still finding some support from little US producer selling interest but getting hurt from little commercial and export buying interest. The weather was wet and cool in the Midwest last week and producers were not selling Corn, but the market wants Corn now. Producers are still inclined to wait and might have trouble sourcing trucks to haul grain, anyway. Most are in the fields and are not even worried about the market. Warmer and drier weather for good planting is expected this week. 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. NOAA is forecasting that La Nina will develop this Summer and replace El Nino. US growing conditions are usually good when this happens but there are concerns about ocean water temperatures that are increasing rapidly in the Pacific and have alarmed some forecasters.
Overnight News:
Chart Analysis: Trends in Corn are up with objectives of 615 and 638 July. Support is at 588, 580, and 572 July, and resistance is at 601, 612, and 616 July. Trends in Oats are up with objectives of 327 and 342 July. Support is at 322, 310, and 300 July, and resistance is at 333, 338, and 345 July.

COT — Supplemental Report – Option and Futures Combined Positions as of May 02, 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 1,619,667
: Positions :
: 128,204 281,633 389,799 508,615 586,939 429,092 143,798 1,455,710 1,402,169: 163,957 217,497
: Changes from: April 25, 2023 (Change in open interest: 50,130) :
: -20,987 43,112 35,170 19,257 -69,078 5,020 35,993 38,460 45,197: 11,669 4,933
: Percent of Open Interest Represented by Each Category of Trader :
: 7.9 17.4 24.1 31.4 36.2 26.5 8.9 89.9 86.6: 10.1 13.4
: Total Traders: 751 Number of Traders in Each Category :
: 122 149 191 332 350 55 34 625 622:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 2, 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 5,207 :
: Positions :
: 1,105 943 126 122 12 336 1,738 47 606 191 475 :
: Changes from: April 25, 2023 :
: -66 -309 23 12 -7 0 312 0 69 131 154 :
: Percent of Open Interest Represented by Each Category of Trader :
: 21.2 18.1 2.4 2.3 0.2 6.5 33.4 0.9 11.6 3.7 9.1 :
: Number of Traders in Each Category Total Traders: 29 :
: 7 5 . . . . 8 . 5 . 4 :
—————————————————————————————————————-

SOYBEANS
General Comments: Soybeans and the products were mostly higher yesterday, but Soybean Meal closed lower in deferred months. Soybean Oil led the way and trends turned up on the daily charts. Trends are turning up in Soybeans but are sideways at best for Soybean Meal. Weekly chart trends are down for Soybeans and Soybean Meal and sideways for Soybean Oil. Speculative short covering from news that drones had been seen in Moscow and the Russian government accusing Ukraine and the US of sending them to kill Putin. Brazil basis levels are still so low that some American processors can import more cheaply than buying from US producers. Reports last week indicated that the basis is forming in Brazil, but prices for Brazil Soybeans remain cheap compared to those found in the US. Brazil has been selling a lot of Soybeans to China to feed its record Soybeans demand. Brazil has a very good crop, but the additional Soybeans grown in Brazil will be partially wiped out by the losses in Argentina. Argentina has been forced to import from Brazil to keeps its crushing facilities operating. The US might sell to China for storage purposes as well and could pick up some new business from countries other than China as Brazil ports will be loaded with ships bound for China. Production ideas in Argentina are less than 25 million tons, or less than half a crop. Forecasts from NOAA for very good growing conditions in the Midwest were also a factor, but there are concerns about ocean water temperatures that are increasing rapidly in the Pacific and have alarmed some forecasters.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed to up with objectives of 1471, 1478, and 1509 July. Support is at 1438, 1419, and 1411 July, and resistance is at 1440, 1445, and 1456 July. Trends in Soybean Meal are mixed. Support is at 422.00, 418.00, and 411.00 July, and resistance is at 430.00, 434.00, and 437.00 July. Trends in Soybean Oil are up with objectives of 5510 and 5750 July. Support is at 5260, 5180, and 5090 July, with resistance at 5480, 5560, and 5620 July.

COT — Supplemental Report – Option and Futures Combined Positions as of May 02, 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 733,018
: Positions :
: 100,334 63,460 168,984 237,454 368,899 176,709 52,799 683,481 654,141: 49,537 78,877
: Changes from: April 25, 2023 (Change in open interest: -16,995) :
: -6,439 15,570 -15,135 5,678 -22,480 859 8,462 -15,037 -13,583: -1,958 -3,412
: Percent of Open Interest Represented by Each Category of Trader :
: 13.7 8.7 23.1 32.4 50.3 24.1 7.2 93.2 89.2: 6.8 10.8
: Total Traders: 525 Number of Traders in Each Category :
: 128 114 169 160 197 56 20 428 426:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of May 02, 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 508,660
: Positions :
: 43,712 87,595 102,937 203,378 255,084 126,417 29,609 476,444 475,225: 32,216 33,434
: Changes from: April 25, 2023 (Change in open interest: 12,772) :
: 4,694 6,247 5,919 1,881 -1,743 -316 1,851 12,178 12,274: 593 497
: Percent of Open Interest Represented by Each Category of Trader :
: 8.6 17.2 20.2 40.0 50.1 24.9 5.8 93.7 93.4: 6.3 6.6
: Total Traders: 315 Number of Traders in Each Category :
: 50 89 88 88 98 40 23 234 254:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of May 02, 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 473,433
: Positions :
: 68,798 28,554 124,986 110,316 281,998 122,373 7,303 426,473 442,840: 46,961 30,593
: Changes from: April 25, 2023 (Change in open interest: -9,139) :
: -22,870 627 15,624 -863 -25,394 906 575 -7,202 -8,567: -1,937 -572
: Percent of Open Interest Represented by Each Category of Trader :
: 14.5 6.0 26.4 23.3 59.6 25.8 1.5 90.1 93.5: 9.9 6.5
: Total Traders: 280 Number of Traders in Each Category :
: 64 50 85 84 99 36 18 232 217:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Palm Oil was lower on late week buying tied to reduced April ending stocks expectations for Malaysia and on Chicago price action. Selling was seen earlier in the week from news that Indonesia will reduce its domestic su[ply requirement from 450,000 tons to 300,000 tons before exports can begin. The news means more Palm Oil will be released for exports and in competition with Malaysia. 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. Indian imports are at a 14 month low. Trends are still sideways on the weekly charts but are up on the daily charts. Canola was higher last week and closed near the top end of the recent trading range on the weekly charts. Trends are up on the daily charts. 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. It is very dry in the Canadian Prairies, and especially in western sections. Producers want to plant but are hoping for some moisture. Only isolated showers are in the forecast.
Overnight News:
Chart Analysis: Trends in Canola are up with objectives of 744.00 and 771.00 July. Support is at 718.00, 701.00, and 688.00 July, with resistance at 739.00, 752.00, and 760.00 July. Trends in Palm Oil are up with objectives of 3650, 3830, and 3840 July. Support is at 3500, 3460, and 3350 July, with resistance at 3670, 3820, and 3880 July.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 2, 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 47,760 :
: Positions :
: 42,010 29,160 1,270 8,630 640 0 240 0 1,320 6,510 2,520 :
: Changes from: April 25, 2023 :
: -3,625 -2,365 -20 -410 100 0 40 0 90 -880 -830 :
: Percent of Open Interest Represented by Each Category of Trader :
: 88.0 61.1 2.7 18.1 1.3 0.0 0.5 0.0 2.8 13.6 5.3 :
: Number of Traders in Each Category Total Traders: 32 :
: 8 10 . 4 . 0 . 0 . 9 5 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 2, 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 258,875 :
: Positions :
: 199,968 134,673 9,930 1,776 1,144 18,867 81,022 19,288 1,862 12,345 6,364 :
: Changes from: April 25, 2023 :
: -728 -10,748 487 46 63 -1,746 8,708 -2,339 521 430 -409 :
: Percent of Open Interest Represented by Each Category of Trader :
: 77.2 52.0 3.8 0.7 0.4 7.3 31.3 7.5 0.7 4.8 2.5 :
: Number of Traders in Each Category Total Traders: 310 :
: 53 67 4 5 4 24 71 21 47 78 51 :
—————————————————————————————————————-

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

US Gulf Cash Basis

Corn HRW SRW Soybeans Soybean Meal Soybean Oil
April
80 May
175 May
105 May
90 May

May
75 May
175 May
105 May
90 May

June
100 July
173 July 70 July
110 July

DJ ICE Canada Cash Grain Close – May 5
WINNIPEG–The following are the closing cash canola prices from
ICE Futures for May 5, 2023.
Source: ICE Futures
CANOLA
1 Canada NCC Best Bid
Spot Price Basis Contract Change
*Par Region 743.10 28.00 Jul 23 dn 0.80
Basis: Thunder Bay 775.10 40.00 Jul 23 up 20.00
Basis: Vancouver 790.10 55.00 Jul 23 up 20.00
*Quote for previous day
Source: MarketsFarm (news@marketsfarm.com, or 204-414-9084)

DJ Malaysian PM Cash Market Prices for Palm Oil – May 8
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
May 960.00 -10.00 Unquoted – –
Jun 945.00 +20.00 Unquoted – –
Jul/Aug/Sep 890.00 +40.00 Unquoted – –
Oct/Nov/Dec 875.00 +32.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
May 970.00 -10.00 Unquoted – –
Jun 955.00 +20.00 Unquoted – –
Jul/Aug/Sep 900.00 +40.00 Unquoted – –
Oct/Nov/Dec 885.00 +32.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
May 940.00 +10.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
May 795.00 +05.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
May 4150.00 00.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
May 242.00 +01.00 Unquoted – –
($1=MYR4.4342)

DJ China Dalian Grain Futures Closing Prices, Volume – May 08
Soybean No. 1
Turnover: 421,280 lots, or 20.97 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-23 4,940 5,120 4,940 5,120 4,856 5,095 239 158 2,802
Jul-23 4,856 5,108 4,856 5,108 4,840 5,010 170 290,850 163,524
Sep-23 4,846 4,984 4,817 4,970 4,788 4,923 135 78,136 35,585
Nov-23 4,806 4,909 4,789 4,890 4,768 4,867 99 49,156 33,755
Jan-24 4,790 4,889 4,782 4,861 4,770 4,850 80 2,347 5,120
Mar-24 4,760 4,870 4,760 4,852 4,742 4,840 98 633 5,168
Corn
Turnover: 787,899 lots, or 20.42 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-23 2,599 2,608 2,590 2,608 2,576 2,598 22 3,480 19,755
Jul-23 2,600 2,635 2,600 2,629 2,602 2,614 12 433,817 845,825
Sep-23 2,595 2,618 2,594 2,615 2,592 2,607 15 113,965 306,380
Nov-23 2,526 2,557 2,525 2,552 2,523 2,545 22 170,619 333,694
Jan-24 2,520 2,552 2,520 2,546 2,518 2,539 21 18,497 60,262
Mar-24 2,523 2,552 2,522 2,545 2,517 2,541 24 47,521 49,877
Soymeal
Turnover: 1,647,237 lots, or 58.26 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-23 3,736 3,815 3,736 3,815 3,684 3,777 93 1,419 12,136
Jul-23 3,513 3,622 3,513 3,601 3,494 3,572 78 194,301 337,198
Aug-23 3,513 3,587 3,513 3,574 3,494 3,557 63 44,230 201,646
Sep-23 3,517 3,565 3,512 3,544 3,487 3,540 53 1,159,403 1,491,404
Nov-23 3,513 3,569 3,513 3,551 3,486 3,545 59 57,251 171,386
Dec-23 3,457 3,520 3,457 3,500 3,451 3,498 47 27,232 56,495
Jan-24 3,442 3,494 3,442 3,473 3,428 3,471 43 144,734 263,623
Mar-24 3,366 3,405 3,366 3,391 3,352 3,388 36 18,667 30,856
Palm Oil
Turnover: 1,034,181 lots, or 74.26 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-23 7,330 7,636 7,330 7,610 7,302 7,550 248 968 3,240
Jun-23 7,460 7,638 7,460 7,614 7,372 7,550 178 45,197 57,897
Jul-23 7,272 7,446 7,272 7,440 7,174 7,376 202 39,137 121,465
Aug-23 7,146 7,290 7,140 7,290 7,038 7,228 190 16,056 85,594
Sep-23 7,086 7,216 7,086 7,202 6,988 7,156 168 879,131 495,645
Oct-23 7,024 7,164 7,024 7,164 6,952 7,110 158 15,281 44,247
Nov-23 7,052 7,140 7,034 7,140 6,930 7,088 158 12,949 32,163
Dec-23 7,026 7,110 7,012 7,106 6,912 7,058 146 4,806 9,789
Jan-24 7,000 7,080 6,982 7,070 6,904 7,032 128 20,497 23,705
Feb-24 7,042 7,080 7,028 7,048 6,884 7,054 170 44 503
Mar-24 6,930 7,074 6,930 7,054 6,930 6,984 54 100 1,266
Apr-24 6,996 7,048 6,996 7,048 6,902 7,034 132 15 38
Soybean Oil
Turnover: 1,001,140 lots, or 76.64 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-23 8,030 8,050 8,018 8,018 8,006 8,044 38 52 4,671
Jul-23 7,700 7,798 7,698 7,786 7,668 7,746 78 56,293 126,708
Aug-23 7,682 7,774 7,670 7,754 7,620 7,718 98 9,109 95,039
Sep-23 7,596 7,710 7,584 7,676 7,550 7,646 96 886,001 551,354
Nov-23 7,638 7,732 7,616 7,698 7,566 7,674 108 15,614 70,118
Dec-23 7,676 7,762 7,654 7,724 7,606 7,700 94 6,091 33,130
Jan-24 7,630 7,730 7,622 7,694 7,584 7,672 88 21,295 48,809
Mar-24 7,630 7,712 7,604 7,670 7,558 7,650 92 6,685 11,951
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