Grains Report 09/11/2023

DJ CBOT Delivery Intentions: Totals – Sep 11
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL September Sep 12, 2023 50 Aug 30, 2023
SOYBEAN OIL September Sep 12, 2023 35 Aug 14, 2023
OATS September Sep 12, 2023 23 Sep 08, 2023
WHEAT September Sep 12, 2023 28 Sep 06, 2023

WHEAT
General Comments: Wheat markets closed mostly a little higher with SRW little changed in anticipation of the WASDE reports to be released on Tuesday, Ideas are that USDA will cut demand and increase ending stocks. Demand has been poor for US Wheat and should remain bad as Russia production looks strong and exports from Russia have not abated. It is certain that there will be no grain deal soon for Ukraine exports through the Black Sea and any export from the Danube will be difficult if not impossible due to bombing by the Russians. Ukraine will still be able to ship via land through the EU but this is considered to be a very expensive option for them. It is unlikely that any ship owner or ship insurer will take the chance on any passage of Ukrainian grain through the Black Sea, and maybe not for Russia, either. The world access to Wheat from at least one and perhaps both countries is a lot more restricted. Weather forecasts call for drier weather for the northern Great Plains and Canadian Prairies and some areas will be real hot. Canada is now suffering potential crop losses due to dry weather.
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 588, 582, and 576 November, with resistance at 616, 626, and 646 November. Trends in Kansas City are mixed. Support is at 714, 704, and 681 November, with resistance at 755, 772, and 789 November. Trends in Minneapolis are mixed. Support is at 769, 756, and 752 November, and resistance is at 790, 797, and 810 November.

COT — Supplemental Report – Option and Futures Combined Positions as of September 05, 2023
: Reportable Positions : Nonreportable
:—————————————————————————————- : Positions
: Non-Commercial : Commercial : Index Traders : Total
: Long : Short :Spreading: Long : Short : Long : Short : Long : Short : Long : Short
——————————————————————————————————————-
WHEAT-SRW – CHICAGO BOARD OF TRADE
CFTC Code #001602 Open Interest is 446,632
: Positions :
: 48,923 129,219 143,692 82,430 90,536 130,514 46,436 405,559 409,882: 41,074 36,750
: Changes from: August 29, 2023 (Change in open interest: 22,973) :
: 6,667 1,955 15,602 4,321 5,399 -4,029 2,136 22,560 25,091: 412 -2,118
: Percent of Open Interest Represented by Each Category of Trader :
: 11.0 28.9 32.2 18.5 20.3 29.2 10.4 90.8 91.8: 9.2 8.2
: Total Traders: 401 Number of Traders in Each Category :
: 114 97 131 106 96 48 33 323 310:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of September 05, 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 209,439
: Positions :
: 31,617 53,168 55,029 39,618 60,481 63,130 18,912 189,393 187,590: 20,047 21,849
: Changes from: August 29, 2023 (Change in open interest: 10,276) :
: 2,038 3,885 5,401 2,891 1,540 -850 632 9,481 11,459: 796 -1,182
: Percent of Open Interest Represented by Each Category of Trader :
: 15.1 25.4 26.3 18.9 28.9 30.1 9.0 90.4 89.6: 9.6 10.4
: Total Traders: 221 Number of Traders in Each Category :
: 43 48 58 55 74 38 18 165 177:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 5, 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 62,049 :
: Positions :
: 38,043 27,745 741 505 80 4,054 15,467 3,868 3,114 1,014 2,446 :
: Changes from: August 29, 2023 :
: 6,601 1,684 -529 57 -32 -121 2,536 539 -1,150 211 625 :
: Percent of Open Interest Represented by Each Category of Trader :
: 61.3 44.7 1.2 0.8 0.1 6.5 24.9 6.2 5.0 1.6 3.9 :
: Number of Traders in Each Category Total Traders: 112 :
: 52 41 . . . 9 16 10 9 7 8 :
—————————————————————————————————————-

RICE:
General Comments: Rice closed lower last week on what appeared to be speculative long liquidation. Trends are down on the daily charts but up on the weekly charts. Yields are called average to below average in Texas and average so far in Arkansas. The quality has been uneven with some crops affected by the extreme heat in southern areas that has hurt field yields in some areas. Some fields are getting abandoned due to extreme heat affecting the production in a very negative way. India will not allow Rice exports except for Basmati for now because not enough rain in some production areas. Northern areas are too wet and southern areas are too dry. It instituted a new 20% tax on White Rice exports. India is the largest exporter of Rice in the world, so it was big news and one that implies that a sharp increase in world price is once again possible.
Overnight News: The Delta should get isolated showers, mostly near the Gulf coast. Temperatures should be above normal.
Chart Analysis: Trends are down with objectives of 1618 and 1578 November. Support is at 1601, 1586, and 1577 November and resistance is at 1640, 1658, and 1687 November.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 5, 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 12,687 :
: Positions :
: 4,071 10,831 112 0 0 3,476 357 24 1,892 307 466 :
: Changes from: August 29, 2023 :
: 413 1,493 -1 0 0 409 0 11 450 -23 61 :
: Percent of Open Interest Represented by Each Category of Trader :
: 32.1 85.4 0.9 0.0 0.0 27.4 2.8 0.2 14.9 2.4 3.7 :
: Number of Traders in Each Category Total Traders: 65 :
: 16 21 . 0 0 17 . . 11 . 5 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn and Oats were a little higher last week as bad US growing conditions battled increased Brazil Corn production estimates. CONAB raised its production estimate to just over 131 million tons. Expectations are for stressful weather to continue. Weakness was seen before the WASDE and US production reports to be released on Tuesday on ideas that USDA will show strong production potential once again. Weather forecasts remain mostly dry but with moderate temperatures for the Midwest for the next week. The crops will need rain to maintain the condition due to the lack of soil moisture from three months of drought that ended at the end of June but the crops are not expected to see much rain if any rain at all. A return to hot and dry weather now could impact yields in a bad way. Demand for US Corn in the world market has been very low and domestic demand has been weak due to reduced Cattle and other livestock production. The Brazil Corn harvest is underway and so export prices for Corn from Brazil are getting relatively cheap and Brazil is getting the business.
Overnight News:
Chart Analysis: Trends in Corn are mixed. Support is at 474, 471, and 468 December, and resistance is at 507, 517, and 523 December. Trends in Oats are mixed. Support is at 472, 465, and 456 December, and resistance is at 500, 522, and 528 December.

COT — Supplemental Report – Option and Futures Combined Positions as of September 05, 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 1,604,578
: Positions :
: 135,252 277,476 427,187 507,964 586,303 363,337 104,458 1,433,741 1,395,424: 170,837 209,154
: Changes from: August 29, 2023 (Change in open interest: 22,492) :
: 10,028 16,950 18,624 5,214 -6,015 -15,208 2,287 18,658 31,847: 3,834 -9,355
: Percent of Open Interest Represented by Each Category of Trader :
: 8.4 17.3 26.6 31.7 36.5 22.6 6.5 89.4 87.0: 10.6 13.0
: Total Traders: 764 Number of Traders in Each Category :
: 122 146 194 349 346 54 37 638 625:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 5, 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 4,363 :
: Positions :
: 720 2,830 122 0 0 903 0 0 452 66 145 :
: Changes from: August 29, 2023 :
: -161 42 5 0 0 73 0 0 -96 -25 -18 :
: Percent of Open Interest Represented by Each Category of Trader :
: 16.5 64.9 2.8 0.0 0.0 20.7 0.0 0.0 10.4 1.5 3.3 :
: Number of Traders in Each Category Total Traders: 23 :
: 6 8 . 0 0 6 0 0 5 . . :
—————————————————————————————————————-

SOYBEANS
General Comments: Soybeans and the products were lower last week on what appeared to be speculative selling tied to the release of the WASDE and US production reports on Tuesday. Ideas are that the reports will continue to show strong yield potential. Deteriorating crop conditions as reported by USDA on Tuesday could mean lower yield potential in this report and in coming production estimates. USDA cut the good to excellent categories by five percentage points for both Corn and Soybeans. Highly variable conditions were noted especially in western areas. Weather forecasts call for warm and dry conditions for the Midwest. Most longer-range maps indicate the potential for dry weather. Temperatures are expected to be above normal. Ideas are that the top end of the yield potential is gone and severe damage is becoming possible in some areas. Brazil basis levels are still low, and the US is being shut out of the market for most importers, but the US is price competitive now. Brazil is still selling a lot of Soybeans to China and other countries. Brazil has a very good crop.
Overnight News: Philippines bought 185,000 tons of US Soybean Meal.
Chart Analysis: Trends in Soybeans are mixed. Support is at 1338, 1333, and 1324 November, and resistance is at 1395, 1409, and 1435 November. Trends in Soybean Meal are mixed to down with objectives of 388.00 and 370.00 October. Support is at 393.00, 389.00, and 383.00 October, and resistance is at 406.00, 412.00, and 416.00 October. Trends in Soybean Oil are down with objectives of 6060 and 5770 October. Support is at 6060, 6000, and 5940 October, with resistance at 6400, 6580, and 6700 October.

COT — Supplemental Report – Option and Futures Combined Positions as of September 05, 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 875,032
: Positions :
: 104,476 57,628 233,351 292,925 470,171 187,719 36,741 818,471 797,892: 56,561 77,139
: Changes from: August 29, 2023 (Change in open interest: 18,974) :
: -3,079 4,022 15,280 7,804 -1,724 -658 910 19,346 18,488: -371 487
: Percent of Open Interest Represented by Each Category of Trader :
: 11.9 6.6 26.7 33.5 53.7 21.5 4.2 93.5 91.2: 6.5 8.8
: Total Traders: 603 Number of Traders in Each Category :
: 136 122 187 187 241 53 28 472 500:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of September 05, 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 512,253
: Positions :
: 63,152 48,321 114,266 157,090 295,608 142,249 28,867 476,757 487,062: 35,496 25,191
: Changes from: August 29, 2023 (Change in open interest: -13,195) :
: -126 -457 -1,174 -9,740 -12,196 -2,578 -1,307 -13,618 -15,134: 423 1,939
: Percent of Open Interest Represented by Each Category of Trader :
: 12.3 9.4 22.3 30.7 57.7 27.8 5.6 93.1 95.1: 6.9 4.9
: Total Traders: 295 Number of Traders in Each Category :
: 68 51 79 85 95 46 22 245 216:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of September 05, 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 494,519
: Positions :
: 61,922 17,556 143,357 114,171 298,166 125,326 8,040 444,777 467,120: 49,742 27,399
: Changes from: August 29, 2023 (Change in open interest: -8,102) :
: -6,736 1,898 4,276 -3,266 -10,954 -2,108 -233 -7,834 -5,012: -269 -3,090
: Percent of Open Interest Represented by Each Category of Trader :
: 12.5 3.6 29.0 23.1 60.3 25.3 1.6 89.9 94.5: 10.1 5.5
: Total Traders: 282 Number of Traders in Each Category :
: 66 37 80 98 106 42 14 244 212:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Palm Oil was lower last week on ideas of weaker demand and strong production. Futures were lower today. The private sources reported that the export pace is behind that of the previous month. Production ideas are strong and are helping to keep rallies in check. Canola was lower last week. Drier weather is generally forecast for the Prairies and the crop has been stressed, but some rain is falling now. The StatsCan stocks report showed supplies were above trade expectations.
Overnight News:
Chart Analysis: Trends in Canola are down with objectives of 746.00 and 712.00 November. Support is at 777.00, 758.00, and 754.00 November, with resistance at 802.00, 808.00, and 821.00 November. Trends in Palm Oil are down with no objectives. Support is at 3700, 3680, and 3650 November, with resistance at 3910, 3990, and 4070 November.

DJ Malaysia Palm-Oil Exports Fell 20.38% in Sept. 1-10, AmSpec Says
By Ying Xian Wong
Malaysia’s palm-oil exports during the Sept. 1-10 period are estimated to have fallen 20.38% on month to 305,594 metric tons, cargo surveyor AmSpec Agri Malaysia said Monday.
The following are the major items in the AmSpec estimate:
(All figures in metric tons)
Sept. 1-10 Aug. 1-10
RBD Palm Olein 83,409 105,075
RBD Palm Oil 7,450 42,415
RBD Palm Stearin 25,825 42,600
Crude Palm Oil 60,415 118,710
Total* 305,594 383,795
*Palm-oil product volumes don’t add up to total as some products aren’t included.

DJ Malaysia’s Palm-Oil Exports Fell 9.8% in August, MPOB Says
Malaysia’s palm-oil exports were down 9.8% on month at 1.22 million metric tons in August, the Malaysian Palm Oil Board said.
The following are details of the August crop data and revised numbers for July, issued by MPOB:
August July Change
On Month
Crude Palm Oil Output 1,753,472 1,609,977 Up 8.91%
Palm Oil Exports 1,221,814 1,354,336 Dn 9.78%
Palm Kernel Oil Exports 91,866 77,729 Up 18.19%
Palm Oil Imports 110,621 103,837 Up 6.53%
Closing Stocks 2,124,963 1,734,157 Up 22.54%
Crude Palm Oil 1,200,612 886,384 Up 35.45%
Processed Palm Oil 924,351 847,773 Up 9.03%

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 5, 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 41,895 :
: Positions :
: 35,571 24,325 2,180 5,650 240 80 860 0 594 7,590 3,230 :
: Changes from: August 29, 2023 :
: -2,196 -2,116 60 560 -860 40 -40 0 -150 -650 -850 :
: Percent of Open Interest Represented by Each Category of Trader :
: 84.9 58.1 5.2 13.5 0.6 0.2 2.1 0.0 1.4 18.1 7.7 :
: Number of Traders in Each Category Total Traders: 28 :
: 7 9 . . . . . 0 4 5 5 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 5, 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 295,264 :
: Positions :
: 198,475 205,047 4,672 9,206 1,003 49,139 30,110 23,835 5,432 13,779 10,868 :
: Changes from: August 29, 2023 :
: -1,347 2,450 118 -727 281 7,161 2,348 -1,694 -898 878 853 :
: Percent of Open Interest Represented by Each Category of Trader :
: 67.2 69.4 1.6 3.1 0.3 16.6 10.2 8.1 1.8 4.7 3.7 :
: Number of Traders in Each Category Total Traders: 353 :
: 52 79 4 7 4 66 26 23 51 91 58 :
—————————————————————————————————————-

Midwest Weather Forecast Mostly dry, but a few showers near the Great Lakes. Temperatures should average below normal.

US Gulf Cash Basis

Corn HRW SRW Soybeans Soybean Meal Soybean Oil
September 125 Dec 130 Sep
85 Sep
120 Nov

October
125 Dec 130 Dec
85 Dec 120 Nov

November
112 Dec
140 Dec 100 Dec 100 Nov

DJ Malaysian PM Cash Market Prices for Palm Oil – Sept 11
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 pworts
Offer Change Bid Change Traded
Sep 832.50 -07.50 Unquoted – –
Oct 835.00 -12.50 Unquoted – –
Nov/Dec 850.00 -15.00 Unquoted – –
Jan/Feb/Mar 865.00 -15.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Sep 842.50 -07.50 Unquoted – –
Oct 845.00 -12.50 Unquoted – –
Nov/Dec 860.00 -15.00 Unquoted – –
Jan/Feb/Mar 875.00 -15.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Sep 780.00 00.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Sep 775.00 00.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Sep 3750.00 -50.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Sep 242.00 -02.00 Unquoted – –
($1=MYR4.6715)

DJ China Dalian Grain Futures Closing Prices, Volume – Sep 11
Soybean No. 1
Turnover: 136,605 lots, or 7.02 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-23 – – – 5,246 5,246 5,246 0 0 2,438
Nov-23 5,170 5,185 5,129 5,157 5,182 5,152 -30 98,346 121,816
Jan-24 5,137 5,149 5,098 5,123 5,142 5,119 -23 25,788 53,955
Mar-24 5,081 5,099 5,048 5,069 5,093 5,070 -23 10,374 8,151
May-24 5,108 5,115 5,068 5,085 5,112 5,083 -29 1,991 5,529
Jul-24 5,069 5,073 5,029 5,040 5,069 5,048 -21 106 877
Corn
Turnover: 515,447 lots, or 13.61 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-23 2,836 2,836 2,836 2,836 2,846 2,836 -10 29 5,337
Nov-23 2,661 2,677 2,656 2,668 2,664 2,667 3 300,296 574,174
Jan-24 2,600 2,612 2,597 2,605 2,605 2,603 -2 102,863 418,562
Mar-24 2,582 2,596 2,582 2,589 2,590 2,589 -1 53,195 159,834
May-24 2,598 2,614 2,598 2,608 2,604 2,608 4 22,666 106,009
Jul-24 2,597 2,608 2,594 2,600 2,599 2,602 3 36,398 55,228
Soymeal
Turnover: 1,494,903 lots, or 60.48 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-23 4,899 4,899 4,643 4,643 4,829 4,826 -3 8 3,499
Nov-23 4,500 4,552 4,480 4,517 4,500 4,517 17 147,172 315,871
Dec-23 4,232 4,278 4,217 4,256 4,245 4,252 7 12,209 60,568
Jan-24 4,080 4,132 4,065 4,103 4,090 4,098 8 1,104,627 1,770,711
Mar-24 3,748 3,802 3,748 3,784 3,772 3,782 10 10,348 60,917
May-24 3,463 3,504 3,451 3,484 3,476 3,478 2 168,078 550,702
Jul-24 3,415 3,452 3,408 3,433 3,432 3,431 -1 34,269 440,568
Aug-24 3,450 3,465 3,424 3,447 3,438 3,443 5 18,192 40,712
Palm Oil
Turnover: 1,099,582 lots, or 83.16 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-23 – – – 7,624 7,624 7,624 0 0 2,005
Oct-23 7,500 7,594 7,360 7,390 7,486 7,518 32 13,717 13,712
Nov-23 7,544 7,640 7,388 7,418 7,512 7,544 32 24,901 54,382
Dec-23 7,560 7,662 7,408 7,440 7,534 7,572 38 9,891 34,238
Jan-24 7,600 7,680 7,408 7,446 7,544 7,568 24 972,901 474,896
Feb-24 7,546 7,670 7,412 7,438 7,540 7,576 36 8,361 19,207
Mar-24 7,544 7,652 7,416 7,436 7,538 7,562 24 4,675 16,325
Apr-24 7,566 7,636 7,406 7,442 7,524 7,546 22 5,487 3,176
May-24 7,506 7,610 7,382 7,422 7,502 7,496 -6 59,006 70,257
Jun-24 7,510 7,560 7,346 7,378 7,466 7,414 -52 261 531
Jul-24 7,464 7,524 7,318 7,352 7,428 7,428 0 213 538
Aug-24 7,428 7,502 7,320 7,344 7,408 7,438 30 169 245
Soybean Oil
Turnover: 1,141,212 lots, or 94.65 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-23 8,620 8,620 8,620 8,620 8,620 8,620 0 1 1,504
Nov-23 8,466 8,632 8,456 8,502 8,430 8,556 126 51,233 103,433
Dec-23 8,408 8,518 8,348 8,410 8,360 8,448 88 2,722 33,403
Jan-24 8,266 8,388 8,210 8,258 8,246 8,310 64 1,016,669 597,615
Mar-24 8,072 8,154 7,994 8,038 8,032 8,088 56 1,559 31,544
May-24 7,846 7,934 7,778 7,818 7,834 7,866 32 57,641 90,527
Jul-24 7,752 7,832 7,680 7,720 7,752 7,776 24 7,984 114,720
Aug-24 7,778 7,842 7,696 7,744 7,770 7,794 24 3,403 19,417
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