About The Author

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

WHEAT
General Comments: Wheat markets closed lower last week on news that the FED will keep interest rates high into next year as the means to combat inflation. It was also lower on news that Russia is still offering through the Black Sea although it is asking for $270.00 per ton and the price is considered high for the buyers. Ukraine and the EU countries are offering as well and are getting new business. Demand has been poor for US Wheat as Russia production looks strong and exports from Russia have not abated and now Ukraine is exporting again. Ukraine has now shipped at least three loads of grain through the Black Sea after bombing a lot of Russian ships to allow for safe passage. The Ukrainians feel it is safe enough to ship that way as a number of Russian warships and some other installations are now unable to perform due to Ukrainian bombings. The news could impact any new demand for US Wheat. Weather forecasts call for drier weather for Australia and Argentina, with production losses now expected for both countries.
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 570, 564, and 558 December, with resistance at 600, 607, and 616 December. Trends in Kansas City are mixed. Support is at 704, 691, and 685 November, with resistance at 726, 733, and 741 December. Trends in Minneapolis are mixed. Support is at 766, 760, and 756 December, and resistance is at 791, 793, and 810 December.

COT — Supplemental Report – Option and Futures Combined Positions as of September 19, 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 482,449
: Positions :
: 56,784 142,626 159,444 91,516 80,891 128,053 62,126 435,796 445,087: 46,653 37,363
: Changes from: September 12, 2023 (Change in open interest: 13,246) :
: 7,011 6,665 3,621 1,683 -5,857 -2,169 9,574 10,146 14,003: 3,100 -756
: Percent of Open Interest Represented by Each Category of Trader :
: 11.8 29.6 33.0 19.0 16.8 26.5 12.9 90.3 92.3: 9.7 7.7
: Total Traders: 413 Number of Traders in Each Category :
: 122 104 121 111 92 47 33 336 301:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of September 19, 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 217,113
: Positions :
: 32,826 54,967 55,725 37,748 65,198 70,840 19,566 197,138 195,456: 19,975 21,657
: Changes from: September 12, 2023 (Change in open interest: 2,998) :
: 1,395 395 -868 -2,170 3,112 3,962 828 2,319 3,467: 679 -469
: Percent of Open Interest Represented by Each Category of Trader :
: 15.1 25.3 25.7 17.4 30.0 32.6 9.0 90.8 90.0: 9.2 10.0
: Total Traders: 233 Number of Traders in Each Category :
: 44 53 59 60 83 36 17 172 185:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 19, 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 66,363 :
: Positions :
: 39,098 28,266 2,138 920 133 5,127 20,304 3,553 3,203 1,179 2,526 :
: Changes from: September 12, 2023 :
: 670 245 966 458 10 682 2,498 -353 335 295 267 :
: Percent of Open Interest Represented by Each Category of Trader :
: 58.9 42.6 3.2 1.4 0.2 7.7 30.6 5.4 4.8 1.8 3.8 :
: Number of Traders in Each Category Total Traders: 118 :
: 53 41 4 4 4 11 20 11 8 5 7 :
—————————————————————————————————————-

RICE:
General Comments: Rice closed lower last week as the harvest moved past the halfway point There was not much Rice news around. Yields are called average to below average in Texas and average so far in Arkansas as the harvest moves forward. The quality has been uneven with some crops affected by the extreme heat seen during the growing season. 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.
Overnight News: The Delta should get isolated showers, mostly near the Gulf coast. Temperatures should be above normal.
Chart Analysis: Trends are mixed. Support is at 1573, 1561, and 1555 November and resistance is at 1615, 1629, and 1637 November.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 19, 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 11,752 :
: Positions :
: 4,732 9,452 120 0 0 2,393 294 16 1,441 327 856 :
: Changes from: September 12, 2023 :
: -353 -619 5 0 0 -389 0 4 108 -95 -65 :
: Percent of Open Interest Represented by Each Category of Trader :
: 40.3 80.4 1.0 0.0 0.0 20.4 2.5 0.1 12.3 2.8 7.3 :
: Number of Traders in Each Category Total Traders: 58 :
: 17 16 . 0 0 13 . . 13 . 7 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn closed slightly higher and Oats were much lower last week The Corn harvest is underway with yield reports showing good and bad results with no real trend evident. The yield reports once again show the value of using GMO seeds as stressful weather was seen in much of the Midwest over the Summer growing season. The market has also been supported as farmers report no real sales or harvest near them. Weather forecasts remain mostly dry but with moderate temperatures for the Midwest for the next week. The harvest is coming so moisture needs are less, and many producers report that Corn is shutting down early and that the harvest could start sooner than normal. 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 relatively cheap and Brazil is getting the business. That could change in the coming year is the growing conditions deteriorate in Brazil as is possible in an El Nino year.
Overnight News: Mexico bought 1.161 million tons of US Corn.
Chart Analysis: Trends in Corn are mixed. Support is at 468, 463, and 456 December, and resistance is at 485, 493, and 499 December. Trends in Oats are down with no objectives. Support is at 419, 410, and 399 December, and resistance is at 430, 445, and 456 December.

COT — Supplemental Report – Option and Futures Combined Positions as of September 19, 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 1,676,086
: Positions :
: 124,298 324,009 463,677 554,361 564,720 359,094 110,401 1,501,430 1,462,807: 174,656 213,279
: Changes from: September 12, 2023 (Change in open interest: 10,167) :
: 2,474 16,132 99 16,727 -9,085 -6,438 3,970 12,862 11,116: -2,695 -949
: Percent of Open Interest Represented by Each Category of Trader :
: 7.4 19.3 27.7 33.1 33.7 21.4 6.6 89.6 87.3: 10.4 12.7
: Total Traders: 778 Number of Traders in Each Category :
: 119 167 198 366 337 53 35 661 630:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 19, 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 4,561 :
: Positions :
: 1,050 3,088 133 0 0 1,113 0 0 248 112 180 :
: Changes from: September 12, 2023 :
: 98 -177 10 0 0 47 0 0 -137 112 28 :
: Percent of Open Interest Represented by Each Category of Trader :
: 23.0 67.7 2.9 0.0 0.0 24.4 0.0 0.0 5.4 2.5 3.9 :
: Number of Traders in Each Category Total Traders: 23 :
: 8 7 . 0 0 8 0 0 . . . :
—————————————————————————————————————-

SOYBEANS
General Comments: Soybeans and the products closed lower last week as the harvest starts to expand. Initial yield results show that production and yields are above and below APH data with no real trend showing just yet. The data shows that GMO seeds once again supported better production for many producers. Speculators were liquidating long positions. Ideas that yields are disappointing and reports from USDA of new sales of Soybeans provided the support. Weather forecasts call for dry conditions and near to below normal temperatures for the Midwest. Most longer-range maps indicate the potential for dry weather. Temperatures are expected to be near to 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.
Overnight News:
Chart Analysis: Trends in Soybeans are down with no objectives. Support is at 1282, 1276, and 1260 November, and resistance is at 1327, 1346, and 1368 November. Trends in Soybean Meal are mixed to down with objectives of 388.00 and 370.00 October. Support is at 389.00, 387.00, and 383.00 October, and resistance is at 399.00, 403.00, and 410.00 October. Trends in Soybean Oil are down with objectives of 6060 and 5770 October. Support is at 6000, 5940, and 5910 October, with resistance at 6220, 6380, and 6400 October.

COT — Supplemental Report – Option and Futures Combined Positions as of September 19, 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 955,446
: Positions :
: 85,453 64,276 299,894 328,638 469,090 186,241 43,982 900,225 877,242: 55,221 78,204
: Changes from: September 12, 2023 (Change in open interest: 49,591) :
: -17,038 2,482 42,453 29,306 -1,135 -2,919 4,014 51,801 47,814: -2,210 1,777
: Percent of Open Interest Represented by Each Category of Trader :
: 8.9 6.7 31.4 34.4 49.1 19.5 4.6 94.2 91.8: 5.8 8.2
: Total Traders: 601 Number of Traders in Each Category :
: 128 135 203 208 237 52 30 495 512:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of September 19, 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 509,218
: Positions :
: 59,041 44,635 134,356 142,590 279,798 140,178 27,597 476,165 486,386: 33,053 22,832
: Changes from: September 12, 2023 (Change in open interest: -13,066) :
: 1,814 -4,242 5,510 -20,182 -13,300 297 -655 -12,562 -12,687: -505 -379
: Percent of Open Interest Represented by Each Category of Trader :
: 11.6 8.8 26.4 28.0 54.9 27.5 5.4 93.5 95.5: 6.5 4.5
: Total Traders: 293 Number of Traders in Each Category :
: 69 49 84 86 96 45 21 243 221:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of September 19, 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 506,396
: Positions :
: 55,022 14,880 138,010 134,528 313,034 131,500 11,810 459,061 477,735: 47,335 28,661
: Changes from: September 12, 2023 (Change in open interest: 5,453) :
: -5,500 -5,977 516 8,993 5,499 3,243 3,478 7,251 3,516: -1,798 1,936
: Percent of Open Interest Represented by Each Category of Trader :
: 10.9 2.9 27.3 26.6 61.8 26.0 2.3 90.7 94.3: 9.3 5.7
: Total Traders: 287 Number of Traders in Each Category :
: 70 35 84 107 106 41 17 256 217:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Palm Oil was lower last week along with the price action in competing vegetable oils and on ideas of increasing supplies. Futures were higher today on positive export news from AmSpec. Bullish traders still think that El Nino will cause big production problems down the road and are holding out hopes for rallies in the future.. Canola was lower on Chicago price action and as the harvest has become more active. Drier weather is generally forecast for the Prairies and the crop has been stressed, but some rain is falling now to maintain crop condition. Speculators were selling as the trends are turning down again.
Overnight News:
Chart Analysis: Trends in Canola are down with objectives of 717 November. Support is at 723.00, 714.00, and 694.00 November, with resistance at 744.00, 754.00, and 767.00 November. Trends in Palm Oil are mixed to down with objectives of 3600 and 3460 December. Support is at 3660, 3560, and 3550 December, with resistance at 3740, 3780, and 3820 December.

DJ Malaysia Sept. 1-25 Palm Oil Exports 1,088,875 Tons, AmSpec Says
By Jiahui Huang
Malaysia’s palm oil exports during the Sept. 1-25 period are estimated up 15% on month at 1,088,875 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. 1-25 Aug. 1-25
RBD Palm Olein 250,594 231,935
RBD Palm Oil 71,060 71,225
RBD Palm Stearin 116,587 101,002
Crude Palm Oil 282,163 266,920
Total* 1,088,875 945,155
*Palm oil product volumes don’t add up to total as some products aren’t included.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 19, 2023
: Reportable Positions :
:————————————————————————————————————- :
: Producer/Merchant : : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables :
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading :
—————————————————————————————————————-
USD Malaysian Crude Palm Oil C – CHICAGO MERCANTILE EXCHANGE (CONTRACTS OF 25 METRIC TONS) :
CFTC Code #037021 Open Interest is 48,683 :
: Positions :
: 39,041 23,833 2,240 6,020 240 0 1,060 0 1,422 11,790 5,740 :
: Changes from: September 12, 2023 :
: 2,430 -690 0 330 0 -40 80 0 610 3,280 810 :
: Percent of Open Interest Represented by Each Category of Trader :
: 80.2 49.0 4.6 12.4 0.5 0.0 2.2 0.0 2.9 24.2 11.8 :
: Number of Traders in Each Category Total Traders: 30 :
: 8 9 . . . 0 . 0 4 6 5 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 19, 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 315,781 :
: Positions :
: 231,736 207,467 7,688 5,463 2,794 27,510 41,978 26,765 3,754 15,604 13,780 :
: Changes from: September 12, 2023 :
: 20,172 4,977 1,831 -818 171 -12,115 5,379 -158 639 1,101 2,545 :
: Percent of Open Interest Represented by Each Category of Trader :
: 73.4 65.7 2.4 1.7 0.9 8.7 13.3 8.5 1.2 4.9 4.4 :
: Number of Traders in Each Category Total Traders: 331 :
: 49 77 4 7 4 32 53 24 44 94 53 :
—————————————————————————————————————-

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 25
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
Oct 822.50 +02.50 Unquoted – –
Nov 827.50 — Unquoted – –
Dec 832.50 — Unquoted – –
Jan/Feb/Mar 845.00 +05.00 Unquoted – –
Apr/May/Jun 855.00 — Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Oct 830.00 +02.50 Unquoted – –
Nov 835.00 — Unquoted – –
Dec 840.00 — Unquoted – –
Jan/Feb/Mar 852.50 +05.00 Unquoted – –
Apr/May/Jun 862.50 — Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Oct 775.00 00.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Oct 775.00 +05.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Oct 3,720.00 +20.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Oct 231.00 00.00 Unquoted – –
($1=MYR4.6845)

DJ China Dalian Grain Futures Closing Prices, Volume – Sep 25
Soybean No. 1
Turnover: 139,363 lots, or 7.05 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-23 5,092 5,098 5,030 5,050 5,080 5,063 -17 100,663 124,326
Jan-24 5,073 5,082 5,019 5,036 5,065 5,048 -17 22,766 65,468
Mar-24 5,042 5,047 4,988 5,000 5,031 5,017 -14 13,931 8,303
May-24 5,058 5,064 5,015 5,023 5,052 5,041 -11 1,812 6,990
Jul-24 5,018 5,020 4,983 4,995 5,014 5,002 -12 167 1,452
Sep-24 4,983 4,996 4,966 4,970 4,987 4,975 -12 24 47
Corn
Turnover: 707,279 lots, or 18.45 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-23 2,652 2,663 2,619 2,628 2,648 2,635 -13 359,692 385,605
Jan-24 2,592 2,599 2,563 2,570 2,589 2,575 -14 211,092 589,836
Mar-24 2,585 2,593 2,563 2,571 2,585 2,574 -11 63,216 191,244
May-24 2,605 2,612 2,586 2,594 2,603 2,596 -7 31,662 153,427
Jul-24 2,604 2,608 2,584 2,591 2,599 2,594 -5 40,615 81,931
Sep-24 2,604 2,604 2,589 2,599 2,601 2,595 -6 1,002 1,908
Soymeal
Turnover: 1,499,519 lots, or 58.12 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-23 4,366 4,377 4,310 4,353 4,339 4,345 6 124,125 270,695
Dec-23 4,108 4,123 4,060 4,087 4,084 4,095 11 13,934 57,744
Jan-24 3,961 3,974 3,915 3,941 3,941 3,944 3 1,081,256 1,656,190
Mar-24 3,673 3,683 3,644 3,659 3,660 3,660 0 7,508 62,679
May-24 3,398 3,404 3,370 3,379 3,383 3,385 2 192,826 674,941
Jul-24 3,371 3,374 3,349 3,357 3,361 3,361 0 43,952 462,974
Aug-24 3,440 3,440 3,413 3,422 3,426 3,426 0 21,239 68,926
Sep-24 3,425 3,428 3,400 3,410 3,414 3,413 -1 14,679 61,646
Palm Oil
Turnover: 1,052,735 lots, or 76.45 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Oct-23 7,208 7,290 7,138 7,192 7,158 7,216 58 794 1,788
Nov-23 7,248 7,344 7,186 7,228 7,190 7,264 74 25,900 39,986
Dec-23 7,272 7,352 7,188 7,232 7,216 7,270 54 11,210 33,284
Jan-24 7,272 7,346 7,176 7,214 7,216 7,258 42 926,870 515,155
Feb-24 7,290 7,356 7,202 7,242 7,234 7,278 44 7,129 19,635
Mar-24 7,312 7,376 7,234 7,276 7,254 7,300 46 6,392 15,593
Apr-24 7,326 7,376 7,240 7,282 7,256 7,304 48 5,097 3,426
May-24 7,298 7,366 7,232 7,274 7,252 7,290 38 67,916 75,720
Jun-24 7,282 7,330 7,220 7,252 7,240 7,278 38 638 817
Jul-24 7,260 7,276 7,190 7,204 7,208 7,236 28 493 1,033
Aug-24 7,240 7,254 7,178 7,196 7,200 7,224 24 158 1,518
Sep-24 7,214 7,220 7,148 7,174 7,176 7,194 18 138 451
Soybean Oil
Turnover: 840,265 lots, or 6.67 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-23 8,088 8,184 8,078 8,110 8,054 8,126 72 29,731 75,186
Dec-23 8,050 8,124 8,034 8,072 8,006 8,078 72 2,400 32,518
Jan-24 7,958 8,006 7,908 7,962 7,890 7,960 70 747,841 587,859
Mar-24 7,846 7,880 7,786 7,842 7,786 7,838 52 2,710 29,972
May-24 7,632 7,678 7,590 7,628 7,598 7,634 36 48,829 109,872
Jul-24 7,594 7,606 7,526 7,552 7,528 7,566 38 6,672 112,785
Aug-24 7,598 7,606 7,534 7,568 7,534 7,574 40 1,571 22,771
Sep-24 7,548 7,564 7,490 7,516 7,508 7,532 24 511 1,766
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.

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