Grains Report 12/04/2023

DJ CBOT Delivery Intentions: Totals – Dec 4
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
CORN December Dec 05, 2023 652 Nov 29, 2023
KC HRW WHEAT December Dec 05, 2023 124 Nov 24, 2023
OATS December Dec 05, 2023 113 Nov 30, 2023
WHEAT December Dec 05, 2023 217 Dec 01, 2023

DJ Repeat & Correct: Statistics Canada Crop Production Summary – December 2023
“Statistics Canada Crop Production Summary – December 2023,” at 08:40 ET, incorrectly reported Barley Trade estimates. The error derives from the source. The correct version follows:
WINNIPEG–The following is a quick summary of the
Statistics Canada December survey-based principal field crop
production estimates for 2023-24.
Trade estimates and previous numbers are included for
comparison. Production in million metric tons. Source:
Statistics Canada.
DEC SEP 2022-23 Trade estimates
Durum 4.045 4.059 5.790 3.700 – 4.300
All wheat 31.954 29.835 34.335 29.900 – 31.300
Oats 2.636 2.435 5.226 2.600 – 2.700
Barley 8.896 7.842 9.987 8.000 – 8.800
Canola 18.328 17.368 18.695 18.000 – 18.800
Flaxseed 0.273 0.268 0.473 0.270 – 0.320
Peas 2.609 2.272 3.423 2.300 – 2.800
Lentils 1.671 1.542 2.301 1.500 – 1.900
Corn 15.076 14.932 14.539 14.900 – 15.100
Soybeans 6.981 6.722 6.543 6.700 – 6.900
Source: MarketsFarm (news@marketsfarm.com, or 204-414-9084)

WHEAT
General Comments: Wheat markets were higher again last week despite the poor demand potential for US Wheat. The weekly export sales report was bad once again last week and reports indicate that Ukraine is using Black Sea ports to load export Wheat. However, costs for transport of Ukraine Wheat are high and this has hurt any sales. Russia is still exporting and offering Wheat into the world market and is reporting that the crop is larger than originally thought. 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, but exports are expected to increase later in the marketing year. Argentine conditions are reported to be good after a very dry start but showers and rains in recent weeks. It has been too wet in southern Brazil and much of the Wheat grown there is expected to be feed grade instead of milling grade.
Overnight News: The southern Great Plains should get isolated showers. Temperatures should be below normal. Northern areas should see isolated showers. Temperatures will average below normal. The Canadian Prairies should see scattered showers. Temperatures should average below normal. Chna bought 440,000 tons of US SRW.
Chart Analysis: Trends in Chicago are mixed. Support is at 583, 51841 and 521 March, with resistance at 573622 641, and 642 March. Trends in Kansas City are mixed. Support is at 622, 617, and 593 March, with resistance at 653, 670, and 677 \March. Trends in Minneapolis are mixed . Support is at 719, 716, and 698 March, and resistance is at 739, 753, and 768 March.

COT — Supplemental Report – Option and Futures Combined Positions as of November 28, 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 459,107
: Positions :
: 60,268 176,415 121,430 104,089 60,356 135,553 63,384 421,341 421,585: 37,766 37,522
: Changes from: November 21, 2023 (Change in open interest: -62,245) :
: -5,301 8,030 -52,613 2,635 -13,859 -2,659 -3,165 -57,938 -61,608: -4,307 -637
: Percent of Open Interest Represented by Each Category of Trader :
: 13.1 38.4 26.4 22.7 13.1 29.5 13.8 91.8 91.8: 8.2 8.2
: Total Traders: 366 Number of Traders in Each Category :
: 82 119 114 91 78 45 32 287 283:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of November 28, 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 226,335
: Positions :
: 32,691 83,257 53,529 48,881 44,888 72,479 23,871 207,580 205,546: 18,755 20,789
: Changes from: November 21, 2023 (Change in open interest: -16,466) :
: 3,265 3,093 -9,535 -5,658 -5,722 -1,312 -1,957 -13,240 -14,121: -3,226 -2,344
: Percent of Open Interest Represented by Each Category of Trader :
: 14.4 36.8 23.7 21.6 19.8 32.0 10.5 91.7 90.8: 8.3 9.2
: Total Traders: 222 Number of Traders in Each Category :
: 48 53 58 60 65 35 17 169 172:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 28, 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 65,359 :
: Positions :
: 39,120 13,493 2,186 357 94 3,269 32,186 4,571 2,519 1,354 3,264 :
: Changes from: November 21, 2023 :
: -8,575 -10,140 45 3 -183 -137 1,171 -107 -303 -83 -1,169 :
: Percent of Open Interest Represented by Each Category of Trader :
: 59.9 20.6 3.3 0.5 0.1 5.0 49.2 7.0 3.9 2.1 5.0 :
: Number of Traders in Each Category Total Traders: 108 :
: 52 39 . . . 6 25 8 9 7 9 :
—————————————————————————————————————-

RICE
General Comments: Rice closed lower and fell back into the trading range set last week. The weekly charts show that a big gap was closed with the price action last week since the gap was filled. Demand reports have been solid to strong for the last couple of weeks and have featured traditional buyers in Latin America and Asia ad some nontraditional buyers as well. The weekly export sales report showed very strong demand from Latin America. The daily and weekly chart trends are mixed.
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 1707, 1684, and 1663 January and resistance is at 1746, 1767, and 1774 January.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 28, 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 12,846 :
: Positions :
: 3,858 10,861 119 0 0 4,151 294 12 1,490 184 643 :
: Changes from: November 21, 2023 :
: -229 503 10 0 0 725 0 5 114 12 -33 :
: Percent of Open Interest Represented by Each Category of Trader :
: 30.0 84.5 0.9 0.0 0.0 32.3 2.3 0.1 11.6 1.4 5.0 :
: Number of Traders in Each Category Total Traders: 68 :
: 19 24 . 0 0 15 . . 14 4 7 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn closed slightly higher last week as demand concerns kept futures with just small gains. Oats were higher. Ideas of weak demand are keeping prices low over all, but the weekly export sales reports have shown good demand for the last several weeks. The market feels that there is more than enough Corn for any demand. It is still hot and dry in central and northern Brazil and in Argentina although some beneficial rains have been reported in Argentina and in central and northern Brazil. Southern Brazil is still much too wet. There was some beneficial rains reported in central and northern areas last week and a few more showers are possible this week.
Overnight News: Mexico bought 267,044 tons of US Corn.
Chart Analysis: Trends in Corn are mixed. Support is at 409, 403, and 396 March, and resistance is at 4874 506477 and 481 March. Trends in Oats are mixed. Support is at 372, 365, and 351 March, and resistance is at 394, 403, and 405 March.

COT — Supplemental Report – Option and Futures Combined Positions as of November 28, 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 1,524,237
: Positions :
: 128,488 352,989 383,175 496,675 474,503 329,741 105,885 1,338,079 1,316,553: 186,158 207,684
: Changes from: November 21, 2023 (Change in open interest: -285,178) :
: 3,355 16,578 -158,339 -83,803 -107,070 -33,308 -22,979 -272,095 -271,811: -13,083 -13,368
: Percent of Open Interest Represented by Each Category of Trader :
: 8.4 23.2 25.1 32.6 31.1 21.6 6.9 87.8 86.4: 12.2 13.6
: Total Traders: 713 Number of Traders in Each Category :
: 92 156 176 341 320 49 31 602 587:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 28, 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 4,145 :
: Positions :
: 2,098 2,240 123 114 6 128 559 0 301 133 129 :
: Changes from: November 21, 2023 :
: -468 -430 2 -13 -3 -29 150 0 7 -6 -50 :
: Percent of Open Interest Represented by Each Category of Trader :
: 50.6 54.0 3.0 2.8 0.2 3.1 13.5 0.0 7.3 3.2 3.1 :
: Number of Traders in Each Category Total Traders: 22 :
: 9 7 . . . . . 0 . . . :
—————————————————————————————————————-

SOYBEANS
General Comments: Soybeans and the products closed lower last week on improved rains for central and northern Brazil and still too much rain was reported for southern Brazil. There are some forecasts for scattered showers and rains this week in central and northern Brazil and still very wet conditions in the south. Soybean Oil was lower on weakness in /Crude Oil futures that could hurt demand for biofuels. Soybeans and Soybean Oil appears to be starting a new leg down on the charts. The weekly export sales report for Soybeans was not strong after the record sales report the previous week but sales to China continue. The trade remains concerned about the weather forecasts for South America. Brazil remains mostly hot and dry in northern areas and too wet in southern areas. Argentina crops are reported o be in good condition with enough moisture. These weather trends are expected to continue after next week.
Overnight News: Philippines boughtm183,000 tons of US Soybean Meal.
Chart Analysis: Trends in Soybeans are mixed. Support is at 1326, 1298, and 1292 January, and resistance is at 1339, 1352, and 1365 January. Trends in Soybean Meal are down with objectives of 399.00 January. Support is at 411.00, 406.00, and 398.00 January, and resistance is at 435.00, 431.00, and 438.00 January. Trends in Soybean Oil are mixed. Support is at 5110, 4980, and 4900 January, with resistance at 5200, 5360, and 5420 January.

COT — Supplemental Report – Option and Futures Combined Positions as of November 28, 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 865,163
: Positions :
: 100,279 65,530 225,607 299,011 456,409 179,070 37,300 803,966 784,847: 61,198 80,317
: Changes from: November 21, 2023 (Change in open interest: -26,588) :
: -7,437 9,844 -15,695 5,777 -18,444 -8,616 -3,100 -25,971 -27,394: -617 806
: Percent of Open Interest Represented by Each Category of Trader :
: 11.6 7.6 26.1 34.6 52.8 20.7 4.3 92.9 90.7: 7.1 9.3
: Total Traders: 574 Number of Traders in Each Category :
: 117 124 165 211 244 50 29 474 476:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of November 28, 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 511,262
: Positions :
: 51,889 78,993 136,217 146,127 240,521 144,232 29,086 478,465 484,817: 32,798 26,446
: Changes from: November 21, 2023 (Change in open interest: -53,904) :
: -5,319 -4,089 -21,564 -19,316 -25,603 -3,925 -3,403 -50,124 -54,660: -3,780 756
: Percent of Open Interest Represented by Each Category of Trader :
: 10.1 15.5 26.6 28.6 47.0 28.2 5.7 93.6 94.8: 6.4 5.2
: Total Traders: 304 Number of Traders in Each Category :
: 71 64 96 94 87 42 21 258 229:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of November 28, 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 617,529
: Positions :
: 117,317 32,530 179,172 123,917 353,954 138,410 14,133 558,816 579,790: 58,713 37,739
: Changes from: November 21, 2023 (Change in open interest: -53,510) :
: 1,174 7,469 -34,787 -16,600 -20,109 -5,165 -3,427 -55,378 -50,853: 1,868 -2,657
: Percent of Open Interest Represented by Each Category of Trader :
: 19.0 5.3 29.0 20.1 57.3 22.4 2.3 90.5 93.9: 9.5 6.1
: Total Traders: 323 Number of Traders in Each Category :
: 80 61 95 100 113 42 20 275 250:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Palm Oil was lower last week on ideas of weaker demand for Palm Oil as the private sources reported improved demand for the month so far. Production was high in the MPOB reports but is expected to drop seasonally in future reports. Trends are sideways on the daily charts and are sideways on the weekly charts. Canola closed a little lower last week on the weather in Brazil. Current forecasts call for very wet weather in southern Brazil and slightly wetter weather in central and northern areas this week. The Canola crop is harvested and it is in bins, so it will take some price movement to get new farm sales. Trends are down on the daily charts in this market.
Overnight News:
Chart Analysis: Trends in Canola are down with objectives of 574.00 and 552.00 January. Support is at 684.00, 672.00, and 666.00 January, with resistance at 700.00, 714.00, and 720.00 January. Trends in Palm Oil are mixed. Support is at 3830, 3810, and 3800 February, with resistance at 3920, 3950, and 4040 February.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 28, 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 43,051 :
: Positions :
: 32,025 20,409 790 9,670 1,160 160 700 200 976 3,172 7,740 :
: Changes from: November 21, 2023 :
: 440 720 0 474 400 80 0 200 120 -500 580 :
: Percent of Open Interest Represented by Each Category of Trader :
: 74.4 47.4 1.8 22.5 2.7 0.4 1.6 0.5 2.3 7.4 18.0 :
: Number of Traders in Each Category Total Traders: 33 :
: 11 11 . 4 . . . . . 8 . :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 28, 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 263,225 :
: Positions :
: 198,871 125,375 13,315 2,231 4,226 6,168 88,744 25,561 2,831 5,199 10,362 :
: Changes from: November 21, 2023 :
: -5,865 -3,515 -1,456 -79 -390 791 -4,231 -1,150 -1,125 57 733 :
: Percent of Open Interest Represented by Each Category of Trader :
: 75.6 47.6 5.1 0.8 1.6 2.3 33.7 9.7 1.1 2.0 3.9 :
: Number of Traders in Each Category Total Traders: 297 :
: 59 52 5 7 5 20 78 24 59 40 45 :
—————————————————————————————————————-

Midwest Weather Forecast Mostly dry. Temperatures should average above normal.

US Gulf Cash Basis

Corn HRW SRW Soybeans Soybean Meal Soybean Oil
November 74 Dec 165 Dec
116 Dec
84 Nov

Secember
74 Dec 165 Dec
122 Dec 84 Jan

January
63 Mar 145 Mar 90 Mae 84 Jan

DJ Malaysian PM Cash Market Prices for Palm Oil – Dec 4
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
Dec 827.50 -10.00 Unquoted – –
Jan/Feb/Mar 842.50 -10.00 Unquoted – –
Apr/May/Jun 855.00 -07.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Dec 835.00 -10.00 Unquoted – –
Jan/Feb/Mar 850.00 -10.00 Unquoted – –
Apr/May/Jun 862.50 -07.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Dec 825.00 -05.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Dec 730.00 -15.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Dec 3,720.00 -30.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Dec 239.00 -01.00 Unquoted – –
($1=MYR4.6604)

DJ China Dalian Grain Futures Closing Prices, Volume – Dec 04
Soybean No. 1
Turnover: 132,791 lots, or 6.62 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-24 5,014 5,024 4,954 4,958 5,011 4,988 -23 90,999 122,764
Mar-24 5,000 5,025 4,950 4,951 5,012 4,986 -26 33,222 39,100
May-24 4,998 5,020 4,944 4,945 5,015 4,981 -34 7,948 16,145
Jul-24 4,984 4,998 4,923 4,923 5,005 4,951 -54 342 4,632
Sep-24 4,958 4,967 4,901 4,903 4,969 4,930 -39 259 2,216
Nov-24 4,944 4,945 4,898 4,898 4,947 4,911 -36 21 40
Corn
Turnover: 537,003 lots, or 1.34 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-24 2,487 2,500 2,482 2,488 2,493 2,491 -2 267,921 598,369
Mar-24 2,469 2,478 2,462 2,466 2,477 2,468 -9 107,523 387,275
May-24 2,501 2,511 2,489 2,491 2,510 2,498 -12 96,910 383,162
Jul-24 2,509 2,516 2,498 2,499 2,518 2,505 -13 58,516 175,731
Sep-24 2,500 2,509 2,492 2,495 2,519 2,498 -21 5,887 38,856
Nov-24 2,470 2,483 2,465 2,465 2,482 2,472 -10 246 1,584
Soymeal
Turnover: 1,720,045 lots, or 63.13 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Dec-23 3,900 3,904 3,876 3,904 3,863 3,894 31 71 207
Jan-24 3,856 3,905 3,854 3,886 3,862 3,881 19 849,567 948,079
Mar-24 3,780 3,834 3,768 3,789 3,783 3,800 17 162,845 160,550
May-24 3,375 3,407 3,361 3,366 3,411 3,384 -27 522,291 1,126,172
Jul-24 3,372 3,395 3,352 3,358 3,401 3,375 -26 72,549 492,533
Aug-24 3,431 3,453 3,416 3,420 3,464 3,435 -29 25,820 81,416
Sep-24 3,390 3,413 3,377 3,382 3,426 3,395 -31 69,930 245,201
Nov-24 3,373 3,391 3,359 3,363 3,414 3,377 -37 16,972 40,719
Palm Oil
Turnover: 642,100 lots, or 46.53 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Dec-23 – – – 7,250 7,250 7,250 0 0 2,045
Jan-24 7,218 7,268 7,150 7,208 7,254 7,210 -44 467,048 306,620
Feb-24 7,312 7,340 7,226 7,278 7,320 7,282 -38 16,972 35,224
Mar-24 7,362 7,406 7,292 7,338 7,400 7,344 -56 7,202 27,052
Apr-24 7,380 7,426 7,310 7,350 7,418 7,360 -58 4,274 15,381
May-24 7,416 7,422 7,300 7,340 7,416 7,352 -64 139,397 215,260
Jun-24 7,348 7,390 7,272 7,310 7,380 7,326 -54 3,094 6,674
Jul-24 7,304 7,332 7,226 7,258 7,308 7,278 -30 221 1,376
Aug-24 7,256 7,282 7,196 7,196 7,336 7,236 -100 423 3,593
Sep-24 7,200 7,224 7,120 7,162 7,224 7,162 -62 3,410 10,060
Oct-24 7,176 7,176 7,110 7,122 7,194 7,124 -70 11 106
Nov-24 7,152 7,152 7,070 7,108 7,180 7,100 -80 48 165
Soybean Oil
Turnover: 656,128 lots, or 5.26 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Dec-23 8,240 8,240 8,236 8,236 8,222 8,238 16 6 100
Jan-24 8,118 8,176 8,058 8,116 8,166 8,118 -48 440,400 365,664
Mar-24 8,064 8,086 7,962 8,022 8,096 8,026 -70 15,185 55,124
May-24 7,816 7,878 7,746 7,784 7,882 7,804 -78 174,204 330,396
Jul-24 7,736 7,766 7,648 7,674 7,782 7,698 -84 11,091 135,974
Aug-24 7,716 7,744 7,630 7,660 7,756 7,680 -76 3,295 32,849
Sep-24 7,660 7,676 7,562 7,592 7,686 7,608 -78 6,326 15,335
Nov-24 7,626 7,650 7,540 7,568 7,664 7,588 -76 5,621 13,804
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