Jack Scoville
Jack Scoville is an often quoted market analyst in the grain and soft commodities sectors. You will find his commentary throughout the Reuters, Wall Street Journal, Dow Jones, Bloomberg, and Barron's publications. Contact Mr. Scoville at (312) 264-4322
Grains Report 05/30/2023
DJ Canadian Grain Handling Summary – May 25
Winnipeg–The following are Canadian grain handling summary statistics
for week ended May 21, 2023. Figures in thousands of metric tons.
Source: Canadian Grain Commission.
Durum
Wheat Wheat Oats Barley Flax Canola Peas Corn Total*
COMMERCIAL STOCKS
This Week 2007.6 295.3 327.6 385.3 49.5 904.8 244.4 240.1 4868.5
Week Ago 1974.5 334.5 327.6 416.3 51.4 965.3 239.5 299.9 5047.2
Year Ago 2409.6 549.9 226.7 281.0 48.2 1174.5 277.8 341.0 6224.2
PRODUCER DELIVERIES
This Week 194.3 20.1 22.6 27.7 2.5 133.8 10.2 2.2 437.6
Week Ago 125.6 27.3 30.9 37.2 3.8 194.8 8.6 1.1 452.7
To Date 18601.3 4499.2 2104.9 4062.7 148.2 15231.7 2364.6 350.4 50601.2
Year Ago 13062.8 2076.8 1653.7 3275.8 187.3 12357.9 1710.0 614.5 37301.1
TERMINAL RECEIPTS
This Week 298.6 71.1 9.1 56.3 0.2 130.3 3.1 65.4 652.7
Week Ago 360.5 97.6 0.1 52.0 – 166.5 12.3 91.6 844.3
To Date 19076.3 5228.7 308.8 2521.4 6.7 7871.8 1710.9 1855.8 44120.6
Year Ago 11855.0 2522.1 166.5 1873.5 27.0 5271.0 1075.0 1592.6 29467.6
EXPORTS
This Week 144.4 102.6 10.6 74.0 0.9 128.6 0.9 53.7 580.9
Week Ago 372.5 57.5 44.3 20.0 0.5 119.0 19.3 94.7 733.3
To Date 16125.5 4483.6 1201.6 2683.7 42.0 7024.5 1644.7 1594.2 39244.4
Year Ago 9346.7 2118.9 946.3 1826.7 74.0 4595.1 1052.4 1372.2 24867.4
DOMESTIC DISAPPEARANCE
This Week 109.1 9.2 12.6 53.6 1.3 140.9 4.6 14.9 374.4
Week Ago 60.3 23.1 21.2 19.1 1.3 199.3 4.9 57.7 407.9
To Date 3546.1 576.5 703.3 1320.9 66.2 8273.4 265.7 1165.4 17545.7
Year Ago 3336.9 360.4 726.5 1468.7 59.0 7495.6 243.7 2241.2 17495.8
*Totals include data from other crops not shown including rye, soybeans,
canaryseed, mustard seed, beans, lentils and chickpeas.
Source: MarketsFarm (news@marketsfarm.com, or 204-414-9084)
WHEAT
General Comments: Wheat markets were mixed last week, with Chicago SRW and Minneapolis Spring Wheat markets higher and the KC HRW market slightly lower. There were reports that Polish Wheat was being imported by east coast millers due to price. It is cheaper to buy in Europe and ship the Wheat rather than buy in the US and pay the rail freight. Bad growing conditions and bad planting conditions for Spring Wheat supported futures. The weather is still in focus here and around the world. Scattered showers are being reported in southern areas. Planting of Spring Wheat has been delayed due to wet soils from melting snow and now from reports of dry weather in western production areas of both the US and Canada. It is raining now in many of these areas so conditions are improving. Dry conditions are a developing problem in Russia, and especially in the Spring Wheat areas there. 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, but this could soon change if the Spring Wheat production is not good. Ideas are that both Australia and Russia are harvesting record to near record Winter Wheat crops this year.
Overnight News: The southern Great Plains should get isolated showers. Temperatures should be above normal. Northern areas should see isolated showers. Temperatures will average above normal. The Canadian Prairies should see scattered showers. Temperatures should average above normal.
Chart Analysis: Trends in Chicago are mixed. Support is at 599, 594, and 590 July, with resistance at 615, 637, and 641 July. Trends in Kansas City are mixed. Support is at 803, 797, and 792 July, with resistance at 834, 850, and 864 July. Trends in Minneapolis are mixed. Support is at 793, 769, and 762 July, and resistance is at 815, 836, and 853 July.
COT — Supplemental Report – Option and Futures Combined Positions as of May 23, 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 477,760
: Positions :
: 54,497 157,654 156,963 91,401 63,655 133,832 65,603 436,693 443,875: 41,067 33,884
: Changes from: May 16, 2023 (Change in open interest: 6,533) :
: -583 4,192 4,349 4,525 -3,184 -1,217 1,992 7,075 7,349: -542 -817
: Percent of Open Interest Represented by Each Category of Trader :
: 11.4 33.0 32.9 19.1 13.3 28.0 13.7 91.4 92.9: 8.6 7.1
: Total Traders: 378 Number of Traders in Each Category :
: 99 106 127 97 85 45 33 311 290:
——————————————————————————————————————-
COT — Supplemental Report – Option and Futures Combined Positions as of May 23, 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 210,376
: Positions :
: 32,415 35,789 53,223 43,120 76,107 60,967 19,137 189,726 184,257: 20,650 26,119
: Changes from: May 16, 2023 (Change in open interest: -83) :
: -321 -2,312 757 1,443 1,356 -1,397 -1,050 481 -1,249: -564 1,166
: Percent of Open Interest Represented by Each Category of Trader :
: 15.4 17.0 25.3 20.5 36.2 29.0 9.1 90.2 87.6: 9.8 12.4
: Total Traders: 221 Number of Traders in Each Category :
: 46 50 58 58 75 37 19 172 174:
——————————————————————————————————————-
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 23, 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 64,651 :
: Positions :
: 36,015 33,716 1,347 106 223 6,418 12,820 4,335 3,225 354 3,196 :
: Changes from: May 16, 2023 :
: 2,500 -1,527 -198 -7 17 -943 621 669 -1,311 -462 -247 :
: Percent of Open Interest Represented by Each Category of Trader :
: 55.7 52.2 2.1 0.2 0.3 9.9 19.8 6.7 5.0 0.5 4.9 :
: Number of Traders in Each Category Total Traders: 103 :
: 51 41 . . . 11 15 12 8 . 9 :
—————————————————————————————————————-
RICE:
General Comments: Rice closed about unchanged last week after a sharp rally in July on Friday brought prices back from a lower trade New crop months were a little higher in sympathy with July as the weather is good for crop development. There was also some buying noted on hot and dry conditions developing in the Delta, but these conditions should benefit crops initially. Harm could come if a drought develops. It is expected to be hot and dry this week. Old crop offers still seem hard to find right now, but demand has been a problem all year. Export demand has been uneven. Mills are milling for the domestic market in Arkansas and are bidding for some Rice, but at l4east some mills say they now have enough bought to last until the harvest of the next crop. USDA showed that the next crop is developing fast and that conditions are very good in Rice country.
Overnight News: The Delta should get scattered showers. Temperatures should be near to above normal.
Chart Analysis: Trends are up with objectives of 1707 and 1734 July. Support is at 1700, 1690, and 1680 July and resistance is at 1733, 1763, and 1780 July.
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 23, 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 9,359 :
: Positions :
: 4,280 5,929 0 0 0 583 726 0 1,317 334 1,236 :
: Changes from: May 16, 2023 :
: 557 -451 0 0 0 -563 248 0 -79 42 172 :
: Percent of Open Interest Represented by Each Category of Trader :
: 45.7 63.4 0.0 0.0 0.0 6.2 7.8 0.0 14.1 3.6 13.2 :
: Number of Traders in Each Category Total Traders: 47 :
: 16 19 0 0 0 4 6 0 11 . 5 :
—————————————————————————————————————-
CORN AND OATS
General Comments: Corn and Oats were higher last week. The weekly charts show that Corn futures have moved into a big gap left by the rol from May to July as the front month. Oats are in a sideways trend on the weekly charts. Daily chart patterns for both markets suggest higher prices are coming this week. Reports of strong planting progress and good, but dry initial development conditions were important and were a reason to rally as dry and hot weather is in the forecast for the coming week. There are fears that a drought could be developing in the Midwest, but dry weather at this time should not hurt crops Corn is still finding some support from little US producer selling interest. Most producers are in the fields. US prices are currently very competitive with those from South America as Brazil concentrates on Soybeans exports and not Corn, so the current export sales pace has been disappointing.
Overnight News:
Chart Analysis: Trends in Corn are up with objectives of 615 and 637 July. Support is at 590, 580, and 570 July, and resistance is at 612, 616, and 624 July. Trends in Oats are mixed to up with objectives of 373 July. Support is at 326, 322, and 312 July, and resistance is at 347, 352 and 358 July.
COT — Supplemental Report – Option and Futures Combined Positions as of May 23, 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 1,774,459
: Positions :
: 138,035 287,671 472,943 555,941 633,791 440,341 158,872 1,607,260 1,553,277: 167,199 221,181
: Changes from: May 16, 2023 (Change in open interest: 19,667) :
: -5,193 17,529 14,301 6,787 -7,656 179 -3,759 16,074 20,415: 3,593 -748
: Percent of Open Interest Represented by Each Category of Trader :
: 7.8 16.2 26.7 31.3 35.7 24.8 9.0 90.6 87.5: 9.4 12.5
: Total Traders: 774 Number of Traders in Each Category :
: 126 154 195 349 354 56 33 647 634:
——————————————————————————————————————-
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 23, 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 4,741 :
: Positions :
: 1,370 1,419 0 122 0 206 1,112 122 531 5 237 :
: Changes from: May 16, 2023 :
: 332 0 -111 24 -20 8 -12 5 28 -1 -80 :
: Percent of Open Interest Represented by Each Category of Trader :
: 28.9 29.9 0.0 2.6 0.0 4.3 23.5 2.6 11.2 0.1 5.0 :
: Number of Traders in Each Category Total Traders: 24 :
: 8 7 0 . 0 . 6 . . . . :
—————————————————————————————————————-
SOYBEANS
General Comments: Soybeans and Soybean Oil were higher last week and Soybean Meal closed lower. Planting weather remains very good with little if any precipitation in the forecast for the next week to 10 days. Planting will be complete by then and then the market will worry about hot and dry weather for the Midwest. It is expected to be hot and dry this week, but the Soybeans production can take those conditions for now. The US debt ceiling crisis was a negative factor in prices for much of the week, but part of the rally on Friday came from reports from Washington that negotiators were close to a deal. Brazil basis levels are still low and the US is being shut out of the market for most importers. Brazil is still 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 and the economic news might help keep Chinese imports less than expected. Brazil has a very good crop, but the additional Soybeans grown in Brazil will be partially wiped out by the losses in Argentina. The Argentine crop is now estimated at just 21 million tons. Argentina has been forced to import from Brazil to keeps its crushing facilities operating. The daily charts show that Soybeans and soybean Oil were trying to complete bottom formations at the end of last week
Overnight News:
Chart Analysis: Trends in Soybeans are mixed. Support is at 1316, 1306, and 1300 July, and resistance is at 1348, 1360, and 1366 July. Trends in Soybean Meal are down with no objectives. Support is at 394.00, 388.00, and 382.00 July, and resistance is at 409.00, 416.00, and 422.00 July. Trends in Soybean Oil are mixed. Support is at 4760, 4580, and 4400 July, with resistance at 5060, 5090, and 5240 July.
COT — Supplemental Report – Option and Futures Combined Positions as of May 23, 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 842,442
: Positions :
: 78,230 82,918 231,452 292,295 366,639 188,631 79,071 790,607 760,080: 51,835 82,362
: Changes from: May 16, 2023 (Change in open interest: 27,165) :
: -11,431 -3,648 24,304 11,804 -5,017 1,852 11,518 26,529 27,157: 636 8
: Percent of Open Interest Represented by Each Category of Trader :
: 9.3 9.8 27.5 34.7 43.5 22.4 9.4 93.8 90.2: 6.2 9.8
: Total Traders: 543 Number of Traders in Each Category :
: 136 128 179 168 192 53 24 447 442:
——————————————————————————————————————-
COT — Supplemental Report – Option and Futures Combined Positions as of May 23, 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 610,653
: Positions :
: 46,468 100,478 160,507 237,120 277,973 134,143 39,636 578,238 578,595: 32,415 32,058
: Changes from: May 16, 2023 (Change in open interest: 34,218) :
: 1,348 1,582 21,026 7,835 7,230 3,943 3,924 34,152 33,763: 66 455
: Percent of Open Interest Represented by Each Category of Trader :
: 7.6 16.5 26.3 38.8 45.5 22.0 6.5 94.7 94.8: 5.3 5.2
: Total Traders: 345 Number of Traders in Each Category :
: 67 92 112 99 103 39 24 270 280:
——————————————————————————————————————-
COT — Supplemental Report – Option and Futures Combined Positions as of May 23, 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 539,152
: Positions :
: 84,421 25,650 152,952 128,350 312,682 125,048 11,662 490,771 502,944: 48,381 36,208
: Changes from: May 16, 2023 (Change in open interest: 19,450) :
: -1,022 4,059 12,164 10,076 866 275 -306 21,493 16,783: -2,043 2,667
: Percent of Open Interest Represented by Each Category of Trader :
: 15.7 4.8 28.4 23.8 58.0 23.2 2.2 91.0 93.3: 9.0 6.7
: Total Traders: 298 Number of Traders in Each Category :
: 84 52 99 85 97 38 19 256 228:
——————————————————————————————————————-
CANOLA AND PALM OIL
General Comments: Palm Oil was higher on Friday but lower for the week as demand improved on a weaker Ringgit. Trends are sideways on the daily charts and down on the weekly charts. In Malaysia, April production was 7% less than March at 1.196 million tons. Exports were all down and ending stocks were estimated at 1.597 million tons, down over 10% from last month. Canola was higher on Friday and lower for the week. Trends are turning down on the daily charts and are down on the weekly charts. Reports indicate that domestic demand has been strong due to favorable crush margins, but export demand is questioned, especially since the release of the weaker than expected Chinese economic data last week. Scattered showers and rains have been reported so planting and initial growth conditions are good.
Overnight News:
Chart Analysis: Trends in Canola are mixed to down with objectives of 684.00 July. Support is at 686.00, 682.00, and 676.00 July, with resistance at 706.00, 710.00, and 720.00 July. Trends in Palm Oil are mixed. Support is at 3500, 3430, and 3370 August, with resistance at 3720, 3760, and 3840 August.
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 23, 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 51,990 :
: Positions :
: 46,525 30,510 1,270 10,350 640 0 280 0 1,175 7,770 2,380 :
: Changes from: May 16, 2023 :
: 760 440 0 500 0 0 40 0 -160 -380 20 :
: Percent of Open Interest Represented by Each Category of Trader :
: 89.5 58.7 2.4 19.9 1.2 0.0 0.5 0.0 2.3 14.9 4.6 :
: Number of Traders in Each Category Total Traders: 28 :
: 7 9 . 4 . 0 . 0 . 7 5 :
—————————————————————————————————————-
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 23, 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 270,544 :
: Positions :
: 198,037 141,419 8,276 2,237 1,363 25,698 75,672 26,768 1,558 13,216 7,714 :
: Changes from: May 16, 2023 :
: 1,707 125 41 -99 -391 266 1,801 4,122 -564 -415 376 :
: Percent of Open Interest Represented by Each Category of Trader :
: 73.2 52.3 3.1 0.8 0.5 9.5 28.0 9.9 0.6 4.9 2.9 :
: Number of Traders in Each Category Total Traders: 322 :
: 62 68 4 6 6 24 74 26 41 80 49 :
—————————————————————————————————————-
Error! Hyperlink reference not valid.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 Canola Cash Close – May 26
WINNIPEG–The following are the closing cash canola prices from
ICE Futures for May 26, 2023.
Source: ICE Futures
CANOLA
1 Canada NCC Best Bid
Spot Price Basis Contract Change
*Par Region 706.20 20.00 Jul 23 dn 11.90
Basis: Thunder Bay 729.70 40.00 Jul 23 up 3.50
Basis: Vancouver 751.70 62.00 Jul 23 up 3.50
*Quote for previous day
Source: MarketsFarm (news@marketsfarm.com, or 204-414-9084)
DJ Malaysian PM Cash Market Prices for Palm Oil – May 30
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Tuesday, 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
Jun 802.50 -22.50 Unquoted – –
Jul/Aug/Sep 805.00 -20.00 Unquoted – –
Oct/Nov/Dec 800.00 -20.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Jun 812.50 -22.50 Unquoted – –
Jul/Aug/Sep 815.00 -20.00 Unquoted – –
Oct/Nov/Dec 810.00 -20.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Jun 755.00 -35.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Jun 725.00 -25.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jun 3500.00 -120.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jun 230.00 -06.00 Unquoted – –
($1=MYR4.598)
DJ China Dalian Grain Futures Closing Prices, Volume – May 30
Soybean No. 1
Turnover: 265,889 lots, or 13.26 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-23 5,000 5,088 4,993 5,064 4,989 5,053 64 197,991 115,421
Sep-23 4,777 4,846 4,777 4,838 4,784 4,821 37 42,759 57,567
Nov-23 4,740 4,780 4,726 4,772 4,731 4,761 30 20,974 44,500
Jan-24 4,710 4,756 4,700 4,744 4,707 4,724 17 2,726 7,926
Mar-24 4,699 4,740 4,688 4,730 4,695 4,707 12 1,300 5,053
May-24 4,679 4,731 4,679 4,730 4,690 4,712 22 139 284
Corn
Turnover: 800,223 lots, or 20.70 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-23 2,623 2,633 2,605 2,631 2,626 2,619 -7 421,994 705,060
Sep-23 2,591 2,599 2,574 2,596 2,592 2,587 -5 167,708 429,130
Nov-23 2,545 2,545 2,522 2,541 2,539 2,534 -5 117,803 379,667
Jan-24 2,519 2,522 2,500 2,521 2,519 2,512 -7 24,982 112,515
Mar-24 2,510 2,515 2,493 2,515 2,509 2,505 -4 66,748 99,437
May-24 2,504 2,515 2,494 2,515 2,507 2,506 -1 988 2,920
Soymeal
Turnover: 1,130,035 lots, or 38.52 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-23 3,448 3,460 3,425 3,434 3,489 3,437 -52 88,986 246,088
Aug-23 3,463 3,469 3,432 3,447 3,500 3,452 -48 26,245 221,373
Sep-23 3,426 3,436 3,408 3,416 3,456 3,420 -36 825,845 1,393,720
Nov-23 3,403 3,428 3,400 3,410 3,441 3,411 -30 23,953 173,609
Dec-23 3,380 3,395 3,376 3,385 3,401 3,384 -17 1,738 58,209
Jan-24 3,333 3,354 3,330 3,340 3,350 3,340 -10 147,892 318,310
Mar-24 3,224 3,261 3,224 3,245 3,259 3,251 -8 7,627 48,304
May-24 3,108 3,122 3,106 3,117 3,119 3,116 -3 7,749 33,585
Palm Oil
Turnover: 1,009,545 lots, or 67.24 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jun-23 7,148 7,150 6,960 7,008 7,150 7,096 -54 376 1,860
Jul-23 6,882 6,914 6,734 6,768 6,936 6,836 -100 45,390 109,641
Aug-23 6,760 6,790 6,618 6,656 6,814 6,710 -104 15,059 111,632
Sep-23 6,712 6,738 6,556 6,596 6,754 6,654 -100 876,567 629,206
Oct-23 6,676 6,708 6,540 6,580 6,720 6,632 -88 13,944 67,269
Nov-23 6,672 6,696 6,536 6,576 6,712 6,620 -92 13,408 51,111
Dec-23 6,662 6,692 6,534 6,566 6,700 6,608 -92 12,884 23,957
Jan-24 6,662 6,688 6,526 6,566 6,698 6,606 -92 31,479 65,684
Feb-24 6,680 6,680 6,562 6,562 6,730 6,604 -126 7 509
Mar-24 6,654 6,692 6,540 6,588 6,720 6,620 -100 37 1,450
Apr-24 6,610 6,610 6,560 6,600 6,710 6,586 -124 6 59
May-24 6,580 6,682 6,538 6,572 6,696 6,608 -88 388 690
Soybean Oil
Turnover: 830,273 lots, or 5.86 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jul-23 7,218 7,234 7,100 7,128 7,296 7,168 -128 43,247 111,577
Aug-23 7,176 7,204 7,064 7,094 7,254 7,132 -122 12,053 113,554
Sep-23 7,106 7,112 6,984 7,020 7,164 7,054 -110 724,537 622,816
Nov-23 7,100 7,116 6,994 7,026 7,172 7,060 -112 11,234 91,491
Dec-23 7,112 7,140 7,022 7,052 7,176 7,080 -96 7,401 46,857
Jan-24 7,034 7,088 6,962 6,996 7,118 7,030 -88 24,621 79,395
Mar-24 6,964 7,000 6,896 6,940 7,022 6,950 -72 5,205 23,294
May-24 6,952 7,014 6,912 6,942 6,984 6,968 -16 1,975 2,082
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