Grains Report 05/10/2023

DJ CBOT Delivery Intentions: Totals – May 10
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL May May 11, 2023 59 May 02, 2023
SOYBEAN OIL May May 11, 2023 150 Apr 27, 2023
KC HRW WHEAT May May 11, 2023 7 Apr 26, 2023
WHEAT May May 11, 2023 7 May 09, 2023
MINI-SIZED WHEAT May May 11, 2023 30 Apr 27, 2023

DJ USDA Monthly Grain Inspections Exported by Rail – May 10
MS_GR210
Minneapolis, MN WED MAY 10, 2023 USDA MARKET NEWS
GRAINS INSPECTED AND/OR WEIGHED FOR EXPORT BY RAIL TO CANADA AND MEXICO
REPORT FOR MONTH ENDING APRIL 2023
————————————————————————
Apr-23 Mar-23 Year to Date
CANADA Rail Cars Metric Tons Metric Tons Metric Tons
BARLEY 0 0 0 0
BARLEY MALTING 0 0 0 0
CORN WHITE 0 0 0 0
CORN YELLOW 0 0 0 0
RYE 0 0 0 0
FLAXSEED 0 0 0 0
OATS 0 0 0 0
SOYBEANS 0 0 0 0
WHEAT DU 0 0 0 0
WHEAT HDWH 0 0 698 698
WHEAT HRS 0 0 0 0
WHEAT HRW 0 0 0 0
WHEAT SRW 0 0 0 0
WHEAT SWW 0 0 0 0
WHEAT MIXED 0 0 100 100
MEXICO
BARLEY 0 0 0 0
BARLEY MALTING 0 0 0 299
CANOLA 0 0 0 10,478
CORN WHITE 163 16,265 2,894 38,918
CORN YELLOW 7,290 727,478 764,499 R 3,004,598
CORN MIXED 0 0 0 0
FLAXSEED 0 0 0 0
OATS 0 0 0 0
SORGHUM 0 0 0 0
WHT SORGHUM 0 0 0 0
SOYBEANS 1,845 184,112 276,324 1,087,820
SUNFLOWER 0 0 200 200
WHEAT DU 0 0 0 0
WHEAT HDWH 0 0 0 3,193
WHEAT HRS 494 49,298 19,561 184,121
WHEAT HRW 1,283 128,037 127,238 558,145
WHEAT SRW 449 44,805 40,019 140,208
WHEAT SWW 0 0 200 5,991
WHEAT MIXED 0 0 0 0
WHEAT UNCL 0 0 0 0
————————————————————————-
COUNTRY OF DESTINATION IS REPORTED AS KNOWN AT THE TIME OF EXPORTATION.
INFORMATION CONTAINED IN THIS REPORT REFLECTS EXPORTED GRAIN INSPECTED
AND
WEIGHED THROUGH GIPSA’S AUTHORITY UNDER THE U.S. GRAIN STANDARDS ACT.
NO ADDITIONAL ANALYSIS, COMPILATIONS OR DATA IS AVAILABLE.
R=Revised (YTD Revision Entails Past Month Revisions)
Year to Date is January to current or end of year
Wheat
DU=Durum
HDWH= Hard White
HRS=Hard Red Spring
HRW=Hard Red Winter
SRW=Soft Red Winter
SWW=Soft White
UNCL=Unclassed
Source: USDA, FGIS
USDA MARKET NEWS SERVICE
Niki Davila 503-535-5001 Nicole.davila@usda.gov
https://www.ams.usda.gov/mnreports/ms_gr210.txt
http://www.ams.usda.gov/market-news/livestock-poultry-grain

DJ U.S. Corn, Soybean Production Estimates — Survey
NEW YORK–The following are analysts’ estimates for 2023 U.S. corn and soybean production in millions of bushels, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release its monthly estimates at noon on Friday.
U.S. Corn, Soybean Production (million bushels)
Average Range USDA 2022
Corn Production 15,098 13,730-15,300 13,730
Soybean Production 4,484 4,276-4,510 4,276
Corn Soybean
Production Production
AgriSompo North America 13,730 4,276
AgriSource 15,250 4,510
Allendale 15,248 4,509
Doane 15,150 4,510
Futures International 15,251 4,461
Grain Cycles 15,191 4,508
Linn 14,988 4,447
Sid Love Consulting 15,084 4,510
Marex Group 15,300 4,498
Midland Research 15,245 4,510
Midwest Market Solutions 14,943 4,461
Northstar 15,200 4,461
Ocean State Research 15,119 4,505
Prime Ag 15,156 4,505
Risk Mgmt Commodities 15,200 4,504
StoneX 15,085 4,510
US Commodities 15,280 4,510
Vantage RM 15,195 4,500
Zaner Ag Hedge 15,246 4,510

DJ U.S. May Grain, Soybean Stockpiles Estimates — Survey
NEW YORK–The following are analysts’ estimates in millions of bushels for U.S. ending stockpiles for 2022-23 and 2023-24, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated supply and demand tables on Friday at noon ET.
U.S. 2022-23 Stockpiles (millions)
Average Range USDA April
Corn 1,356 1,242-1,417 1,342
Soybeans 212 179-250 210
Wheat 603 585-622 598
U.S. 2023-24 Stockpiles (millions)
Average Range USDA April
Corn 2,034 1,550-2,501 N/A
Soybeans 282 225-367 N/A
Wheat 602 535-650 N/A
2022-23 2023-24
Corn Soybeans Wheat Corn Soybeans Wheat
Agrisompo North America 1,402 210 598 2,020 272 587
AgriSource 1,414 200 598 2,100 275 610
Allendale 1,402 250 622 2,090 293 634
Doane 1,360 195 585 1,885 235 650
Futures International 1,342 207 598 2,203 257 608
Grain Cycles 1,407 240 613 2,083 290 618
Linn 1,267 230 598 1,880 332 620
Sid Love Consulting 1,417 210 598 2,051 284 638
Marex Group 1,367 210 593 2,290 323 591
Midland Research 1,392 195 608 2,022 254 600
Midwest Market Solutions 1,344 230 618 1,923 228 604
Northstar 1,325 200 598 2,025 275 600
Ocean State Research 1,367 225 608 2,501 300 616
Prime Ag 1,242 210 598 1,700 225 550
RJ O’Brien 1,356 228 612 1,929 239 598
Risk Mgmt Commodities 1,375 210 605 1,550 320 620
StoneX 1,382 179 607 2,462 367 535
US Commodities 1,267 190 605 1,932 320 605
Vantage RM 1,367 210 598 1,950 290 620
Zaner Ag Hedge 1,327 215 598 2,092 270 542

DJ May 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 and 2023-24, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated supply and demand tables on Friday at noon ET.
World Stockpiles (million metric tons)
2022-23
Average Range USDA April
Corn 294.2 269.5-307.0 295.4
Soybeans 99.4 97.0-102.0 100.3
Wheat 265.1 263.0-266.2 265.1
2023-24
Average Range USDA April
Corn 307.5 295.0-327.1 N/A
Soybeans 105.8 99.5-122.0 N/A
Wheat 260.6 245.7-270.0 N/A
2022-23 2023-24
Corn Soybeans Wheat Corn Soybeans Wheat
AgriSompo North America 269.5 100.1 264.4 302.0 101.5 263.0
Allendale 295.8 100.1 266.2 319.1 112.9 262.9
Futures International 293.9 98.0 264.0 310.9 115.0 253.7
Grain Cycles 307.0 99.0 263.0 301.0 103.0 270.0
Linn 296.0 97.0 266.0 315.0 105.0 260.0
Marex Group 296.0 99.0 265.0 320.0 114.0 252.0
Midland Research 293.5 98.0 266.0 302.0 102.5 260.0
Midwest Market Solutions 295.6 100.5 264.9 298.8 100.4 264.9
Northstar 294.5 99.0 265.1 306.0 103.0 270.0
Ocean State Research 294.0 102.0 266.0
Prime Ag 294.0 99.0 265.0 300.0 100.0 260.0
Risk Mgmt Commodities 297.5 99.5 265.0 305.0 100.0 262.0
StoneX 299.0 101.8 265.8 327.1 122.0 245.7
US Commodities 293.0 99.5 265.0 295.0 99.5 264.0
Zaner Ag Hedge 294.1 98.7 265.4 303.2 102.4 260.8

DJ May 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 Friday at noon ET.
2022-23 Brazil Corn, Soybean Production (million metric tons)
Average Range USDA April
Corn 125.9 123.0-131.6 125.0
Soybeans 154.6 153.0-157.7 154.0
Corn Soybeans
AgriSompo North America 125.0 153.8
Allendale 125.0 154.0
Doane 123.0 153.0
Futures International 125.0 154.0
Linn 125.0 155.0
Marex Group 128.0 154.0
Midland Research 125.0 155.0
Midwest Market Solutions 125.5 154.5
Northstar 125.0 154.0
Ocean State Research 126.0 157.0
Prime Ag 125.0 154.0
Risk Mgmt Commodities 127.0 154.0
StoneX 131.6 157.7
US Commodities 126.0 155.0
Zaner Ag Hedge 126.0 154.5
2022-23 Argentina Corn, Soybean Production (million metric tons)
Average Range USDA April
Corn 35.0 34.0-37.0 37.0
Soybeans 24.4 22.0-26.0 27.0
Corn Soybeans
AgriSompo North America 35.0 26.0
Allendale 36.0 26.0
Doane 36.0 24.0
Futures International 34.0 24.5
Linn 35.0 23.0
Marex Group 35.0 23.0
Midland Research 34.0 24.0
Midwest Market Solutions 35.0 22.0
Northstar 36.0 25.5
Ocean State Research 34.0 25.0
Prime Ag 34.0 25.0
Risk Mgmt Commodities 36.0 26.0
StoneX 37.0 24.5
US Commodities 34.0 23.0
Zaner Ag Hedge 34.0 24.5

DJ U.S. Wheat Production Estimates — Survey
NEW YORK–The following are analysts’ estimates for 2023-24 U.S. wheat production, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated production forecasts at noon on Friday.
2023-24 WHEAT PRODUCTION
Average Range USDA 2022-23
All Wheat 1,782 1,640-1,887 1,650
Winter Wheat 1,218 1,080-1,371 1,104
Hard Red Winter 588 492-712 531
Soft Red Winter 397 337-439 337
White Winter 238 216-270 236
All Wheat Winter Wheat Hard-Red Soft-Red White
Allendale 1,762 1,238 597 409 231
Doane 1,875 1,315 635 439 242
Futures International 1,855 1,329 680 422 227
Grain Cycles 1,787 1,289 659 403 227
Linn 1,811 1,281 663 382 241
Sid Love Consulting 1,887
Marex Group 1,770 1,270 585 415 270
Midland Research 1,752 1,156 496 408 254
Midwest Market Solutions 1,761 1,100 527 337 236
Northstar 1,850 1,080 492 350 238
Ocean State Research 1,853 1,371 712 426 232
Prime Ag 1,700
RJ O’Brien 1,766 1,212 590 408 216
Risk Mgmt Commodities 1,640 1,100 520 345 235
StoneX 1,751 1,141 552 426 227
US Commodities 1,780 1,225 580 398 235
Zaner Ag Hedge 1,691 1,161 539 393 259

WHEAT
General Comments: Wheat markets were mostly higher yesterday on buying seen in reaction to reports that funds and other speculators are short the market and the continued drought in the western US and around the world. Chicago SRW bucked the trend of the other two markets and closed lower. More showers are in the forecast for the central and southern Great Plains 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. Dry conditions are a developing problem in Russia, and especially in the Spring Wheat areas there. 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. Russia has said that the current system cannot last and seems ready to kill the deal completely. 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.
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 mixed. Support is at 627, 622, and 611 July, with resistance at 653, 670, and 683 July. Trends in Kansas City are up with objectives of 860 July. Support is at 832, 812, and 797 July, with resistance at 859, 863, and 886 July. Trends in Minneapolis are up with objectives of 863 and 910 July. Support is at 833, 825, and 815 July, and resistance is at 856, 864, and 872 July.

RICE:
General Comments: Rice closed lower yesterday along with Corn and Soybeans and on the rapid planting and emergence seen in the USDA progress reports released on Monday afternoon. Offers still 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 r isolated showers. Temperatures should be near to above normal.
Chart Analysis: Trends are mixed. Support is at 1795, 1782, and 1769 July and resistance is at 1840, 1849, and 1861 July.

CORN AND OATS
General Comments: Corn and Oats closed lower yesterday as selling was seen in many commodities markets. Reports of strong planting progress and less Chinese demand hurt the Corn price action. Corn is still finding some support from little US producer selling interest. Most producers are in the fields and are not even worried about the market. Warmer and drier weather for good planting is expected for the rest of this week, but showers are possible again this weekend. 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 mixed. Support is at 580, 572, and 569 July, and resistance is at 601, 612, and 616 July. Trends in Oats are up with objectives of 342 July. Support is at 328, 322, and 310 July, and resistance is at 345, 352, and 360 July.

SOYBEANS
General Comments: Soybeans and the products were lower yesterday, and trends are mixed on the harts. 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 Soybeans demand, but Chinese customs is now making delivery of the beans very difficult by delaying entry into the country by about two weeks. 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. 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. Support is at 1411, 1392, and 1384 July, and resistance is at 1430, 1446, and 1456 July. Trends in Soybean Meal are mixed. Support is at 418.00, 411.00, and 406.00 July, and resistance is at 430.00, 434.00, and 437.00 July. Trends in Soybean Oil are mixed to up with objectives of 5510 and 5750 July. Support is at 5260, 5180, and 5090 July, with resistance at 5510, 5560, and 5620 July.

CANOLA AND PALM OIL
General Comments: Palm Oil was lower today and yesterday on Chicago price action. Selling was seen earlier in the week from news that Indonesia will reduce its domestic supply 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 yesterday. Trends are still 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 723.00, 718.00, and 701.00 July, with resistance at 741.00, 752.00, and 760.00 July. Trends in Palm Oil are mixed to up with objectives of 3650, 3830, and 3840 July. Support is at 3620, 3530, and 3500 July, with resistance at 3880, 3900, and 3940 July.

DJ Malaysia Palm-Oil Exports Rose 1.72% on May 1-10, AmSpec Says
Malaysia’s palm-oil exports during the May 1-10 period are estimated to have risen 1.72% on month to 333,779 metric tons, cargo surveyor AmSpec Agri Malaysia said Wednesday.
The following are the major items in the AmSpec estimate:
(All figures in metric tons)
May 1-10 April 1-10
RBD Palm Olein 75,262 89,518
RBD Palm Oil 21,875 37,990
RBD Palm Stearin 39,142 31,560
Crude Palm Oil 95,000 56,550
Total* 333,779 328,133
*Palm-oil product volumes don’t add up to total as some products aren’t included.

DJ Malaysia’s April Palm Oil Exports 1.07M Tons; Down 28%, MPOB Says
Malaysia’s palm oil exports were down 28% on month at 1.07 million metric tons in April, the Malaysian Palm Oil Board said.
The following are details of the April crop data and revised numbers for March, issued by MPOB:
April March Change
Crude Palm Oil Output 1,196,450 1,288,354 Dn 7.13%
Palm Oil Exports 1,074,447 1,487,836 Dn 27.78%
Palm Kernel Oil Exports 88,447 84,307 Up 4.91%
Palm Oil Imports 33,678 39,772 Dn 15.32%
Closing Stocks 1,497,535 1,674,022 Dn 10.54%
Crude Palm Oil 833,677 891,961 Dn 6.53%
Processed Palm Oil 663,858 782,061 Dn 15.11%

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 9
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 761.20 28.00 July 2023 dn 1.90
Basis: Thunder Bay 778.10 40.00 July 2023 up 4.90
Basis: Vancouver 793.10 55.00 July 2023 up 4.90
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 – May 10
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Wednesday, supplied by commodity broker Matthes & Porton Bhd.
Prices are quoted in U.S. dollars a metric ton, except for crude palm oil and palm kernel oil, which are in ringgit a ton. Palm kernel oil prices are in ringgit a pikul, a Malaysian measurement equivalent to 60 kilograms.
Refined, bleached and deodorized palm oil, FOB, Malaysian ports
Offer Change Bid Change Traded
May 950.00 -25.00 Unquoted – –
Jun 945.00 -20.00 Unquoted – –
Jul/Aug/Sep 872.50 -17.50 Unquoted – –
Oct/Nov/Dec 852.50 -17.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
May 960.00 -25.00 Unquoted – –
Jun 955.00 -20.00 Unquoted – –
Jul/Aug/Sep 882.50 -17.50 Unquoted – –
Oct/Nov/Dec 862.50 -17.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
May 925.00 -05.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
May 795.00 00.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
May 4080.00 -30.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
May 240.00 -02.00 Unquoted – –
($1=MYR4.4525)

DJ China Dalian Grain Futures Closing Prices, Volume – May 10
Soybean No. 1
Turnover: 299,610 lots, or 1.48 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-23 4,950 4,950 4,903 4,903 5,030 4,909 -121 437 792
Jul-23 5,051 5,056 4,925 4,942 5,078 4,970 -108 222,502 155,084
Sep-23 4,910 4,910 4,836 4,857 4,933 4,861 -72 50,420 38,213
Nov-23 4,839 4,839 4,780 4,789 4,852 4,796 -56 24,191 36,662
Jan-24 4,818 4,818 4,758 4,769 4,822 4,774 -48 1,610 6,138
Mar-24 4,772 4,784 4,750 4,760 4,814 4,762 -52 450 5,196
Corn
Turnover: 1,086,354 lots, or 27.59 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-23 2,591 2,591 2,540 2,556 2,591 2,545 -46 825 16,534
Jul-23 2,600 2,601 2,546 2,566 2,616 2,568 -48 557,870 846,801
Sep-23 2,580 2,580 2,525 2,547 2,596 2,549 -47 153,511 349,016
Nov-23 2,515 2,515 2,480 2,504 2,533 2,499 -34 227,130 347,708
Jan-24 2,515 2,515 2,376 2,479 2,527 2,481 -46 50,798 80,193
Mar-24 2,509 2,510 2,464 2,477 2,527 2,479 -48 96,220 65,751
Soymeal
Turnover: 1,667,883 lots, or 58.17 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-23 3,844 3,845 3,795 3,800 3,824 3,820 -4 93 12,022
Jul-23 3,570 3,575 3,490 3,513 3,581 3,536 -45 222,376 326,573
Aug-23 3,553 3,553 3,488 3,511 3,561 3,522 -39 47,051 204,598
Sep-23 3,520 3,520 3,461 3,481 3,531 3,490 -41 1,138,298 1,510,039
Nov-23 3,529 3,529 3,469 3,486 3,536 3,495 -41 52,600 167,998
Dec-23 3,464 3,470 3,434 3,454 3,487 3,448 -39 22,515 52,657
Jan-24 3,430 3,434 3,396 3,418 3,455 3,413 -42 167,702 286,454
Mar-24 3,367 3,367 3,326 3,351 3,375 3,341 -34 17,248 29,896
Palm Oil
Turnover: 1,082,541 lots, or 77.88 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-23 – – – 7,580 7,580 7,580 0 130 3,035
Jun-23 7,670 7,690 7,588 7,592 7,626 7,636 10 43,444 49,514
Jul-23 7,488 7,530 7,384 7,386 7,438 7,464 26 42,985 122,191
Aug-23 7,296 7,344 7,200 7,204 7,272 7,276 4 19,616 90,480
Sep-23 7,196 7,234 7,078 7,090 7,186 7,166 -20 926,334 511,771
Oct-23 7,142 7,174 7,034 7,052 7,132 7,112 -20 16,080 47,733
Nov-23 7,108 7,128 7,004 7,018 7,106 7,074 -32 9,709 34,976
Dec-23 7,070 7,088 6,982 6,992 7,076 7,046 -30 5,685 11,487
Jan-24 7,038 7,056 6,952 6,960 7,042 7,010 -32 18,477 27,265
Feb-24 7,040 7,040 7,004 7,004 7,054 7,022 -32 2 503
Mar-24 7,030 7,072 6,986 7,000 7,024 7,028 4 38 1,329
Apr-24 7,050 7,076 6,988 7,058 7,042 7,052 10 41 35
Soybean Oil
Turnover: 948,846 lots, or 71.89 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-23 – – – 8,000 8,000 8,000 0 0 4,667
Jul-23 7,696 7,740 7,634 7,642 7,726 7,690 -36 46,980 128,873
Aug-23 7,678 7,696 7,596 7,616 7,694 7,654 -40 7,768 97,498
Sep-23 7,576 7,622 7,514 7,524 7,626 7,570 -56 808,926 577,572
Nov-23 7,588 7,630 7,522 7,544 7,648 7,578 -70 21,567 72,840
Dec-23 7,674 7,674 7,532 7,554 7,684 7,584 -100 7,591 34,435
Jan-24 7,596 7,596 7,474 7,504 7,638 7,538 -100 48,798 63,478
Mar-24 7,598 7,598 7,460 7,488 7,628 7,526 -102 7,216 13,601
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