Grains Report 12/26/2023

MORNING GRAINS COMMENTS
Jack Scoville

Tuesday, December 26, 2023

Price Futures Group, CBOT
Chicago, IL
(312) 264-4322
jscoville@pricegroup.com

JSL, SA de CV
San Salvador, El Salvador (503) 2260-7806 jslsadecv@comcast.net

JSL, SA
San José, Costa Rica (506) 2282-7024
jslsa@comcast.net

DJ Canadian Oilseeds Monthly Crush – Dec 22
WINNIPEG – Crushing statistics of major oilseeds in Canada
for the month of November 2023, reported by Statistics Canada
are as follows:
Figures are in metric tons.
Year Ago 2023/24 2022/23
Canola Nov 2023 Nov 2022 To Date To Date
Seed crushed 908,261 877,405 4,595,918 3,963,572
Oil produced 386,867 361,145 1,939,483 1,645,722
Meal produced 526,448 516,072 2,691,678 2,358,448
Soybeans
Seed crushed 153,144 158,688 743,830 764,052
Oil produced 26,773 28,934 136,625 142,888
Meal produced 117,597 120,468 577,528 592,259
Source: MarketsFarm (Phil Franz-Warkentin, news@marketsfarm.com,
or 204-414-9084)

WHEAT
General Comments: Wheat markets were a little lower last week as no new big export sales have been reported for at least the last two weeks. Black Sea offers are still plentiful and Russian prices appear to be about 260.00 per tons FOB. News that Argentina will restructure its economy with a shock devaluation of the peso and structural changes inside the country created ideas that farmers would sell, but it is unlikely they will sell right away and might be better off to wait and see a more calm situation. China was a big buyer of US Wheat a couple of weeks ago and helped produce a big rally in the market. China has stopped buying for now and the market gave back about half the rally before finding its footing yesterday. 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 starting to increase.
Overnight News: The southern Great Plains should get scattered showers. Temperatures should be above normal. Northern areas should see scattered 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 603, 591, and 568 March, with resistance at 625, 632, and 643 March. Trends in Kansas City are mixed. Support is at 620, 612, and 590 March, with resistance at 646, 658, and 670 March. Trends in Minneapolis are mixed. Support is at 709, 699, and 692 March, and resistance is at 731, 734, and 749 March.

COT — Supplemental Report – Option and Futures Combined Positions as of December 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 412,241
: Positions :
: 40,682 110,149 119,585 78,785 88,524 139,260 54,790 378,312 373,049: 33,929 39,192
: Changes from: December 12, 2023 (Change in open interest: 2,336) :
: -7,132 -11,092 4,979 -709 5,097 2,360 2,719 -501 1,703: 2,837 633
: Percent of Open Interest Represented by Each Category of Trader :
: 9.9 26.7 29.0 19.1 21.5 33.8 13.3 91.8 90.5: 8.2 9.5
: Total Traders: 344 Number of Traders in Each Category :
: 70 109 121 89 89 45 30 284 277:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of December 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 212,106
: Positions :
: 30,087 63,339 53,783 35,326 49,246 72,709 24,864 191,905 191,232: 20,201 20,875
: Changes from: December 12, 2023 (Change in open interest: 131) :
: -1,661 -3,194 2,034 -304 -478 -956 1,159 -886 -479: 1,017 610
: Percent of Open Interest Represented by Each Category of Trader :
: 14.2 29.9 25.4 16.7 23.2 34.3 11.7 90.5 90.2: 9.5 9.8
: Total Traders: 207 Number of Traders in Each Category :
: 38 49 50 52 65 36 17 152 160:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 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 61,513 :
: Positions :
: 38,368 12,745 1,735 208 273 1,062 28,361 5,729 1,944 1,547 3,200 :
: Changes from: December 12, 2023 :
: -721 -1,157 324 -245 -10 -556 -25 -212 -206 145 196 :
: Percent of Open Interest Represented by Each Category of Trader :
: 62.4 20.7 2.8 0.3 0.4 1.7 46.1 9.3 3.2 2.5 5.2 :
: Number of Traders in Each Category Total Traders: 106 :
: 45 37 4 . . 4 27 10 8 6 8 :
—————————————————————————————————————-

RICE
General Comments: Rice closed higher last week but trends are sideways on the daily charts again. Farmers appear quiet in the market and basis levels are reported to be steady, but industry and speculators have been busy. The roll out of January positions has been very active and some selling is noted on rallies in September. Most farmers are hunting and getting ready for the holidays and are not interested in Rice markets. Demand reports have been solid to strong for the last couple of weeks and have featured traditional buyers in Latin America and Asia. The sales were very good last week again.
Overnight News: The Delta should get scattered showers. Temperatures should be above normal.
Chart Analysis: Trends are mixed to up with objectives of 1761 and 1784 January. Support is at 1724, 1704, and 1680 January and resistance is at 1746, 1767, and 1772 January.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 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 12,562 :
: Positions :
: 3,315 10,613 113 0 0 3,911 294 0 1,309 20 795 :
: Changes from: December 12, 2023 :
: -453 -134 -1 0 0 -75 0 -5 85 -131 10 :
: Percent of Open Interest Represented by Each Category of Trader :
: 26.4 84.5 0.9 0.0 0.0 31.1 2.3 0.0 10.4 0.2 6.3 :
: Number of Traders in Each Category Total Traders: 63 :
: 15 21 . 0 0 13 . 0 12 . 11 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn closed a little lower last week on ideas of big US production. The market anticipates increased selling from producers, but many have sold enough and elevators and processors are reported to be full. Oats were lower. 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 and are not buying futures despite the improve demand. It is still hot and dry in central and northern Brazil and in Argentina although some showers have been reported in Argentina and in central and northern Brazil. Southern Brazil is still much too wet.
Overnight News:
Chart Analysis: Trends in Corn are mixed to down with objectives of 464 and 463 March. Support is at 468, 465, and 462 March, and resistance is at 477, 479, and 482 March. Trends in Oats are mixed. Support is at 353, 338, and 330 March, and resistance is at 385, 388, and 392 March.

COT — Supplemental Report – Option and Futures Combined Positions as of December 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 1,541,649
: Positions :
: 152,823 340,213 397,267 464,848 466,247 332,602 120,740 1,347,540 1,324,467: 194,110 217,182
: Changes from: December 12, 2023 (Change in open interest: 37,192) :
: 4,412 26,404 6,235 4,975 -19,771 -1,855 7,598 13,766 20,465: 23,426 16,727
: Percent of Open Interest Represented by Each Category of Trader :
: 9.9 22.1 25.8 30.2 30.2 21.6 7.8 87.4 85.9: 12.6 14.1
: Total Traders: 735 Number of Traders in Each Category :
: 105 145 164 339 332 51 36 596 597:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 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 3,429 :
: Positions :
: 1,636 1,544 117 105 11 0 619 0 268 224 138 :
: Changes from: December 12, 2023 :
: 134 124 -12 -48 6 -75 -39 0 71 -22 75 :
: Percent of Open Interest Represented by Each Category of Trader :
: 47.7 45.0 3.4 3.1 0.3 0.0 18.1 0.0 7.8 6.5 4.0 :
: Number of Traders in Each Category Total Traders: 21 :
: 8 5 . . . 0 . 0 . 4 . :
—————————————————————————————————————-

SOYBEANS
General Comments: Soybeans and the products closed lower last week on long liquidation. Less than expected rains in central and northern Brazil last week and forecasts for reduced rains this week were supportive. Too much rain was reported for southern Brazil again. There are some forecasts for scattered showers and rains this week in central and northern Brazil and still very wet conditions in the south. The trade remains concerned about the weather forecasts for South America but is holding to ideas of production well over 150 million tons. Our source suggests that production in Brazil could be much less due to the extreme weather seen already. 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. The market also heard that Argentina has devalued the Peso in a drastic way and plans to cut government spending in a major change for the economy there. Soybeans export taxes could be cut but Corn and Wheat taxes raised. The market anticipates an uptick in selling but might have to wait until the economy becomes more stable.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed. Support is at 1292, 1270, and 1250 January, and resistance is at 1310, 1322, and 1344 January. Trends in Soybean Meal are mixed to down with objectives of 394.00, 384.00, and 379.00 January. Support is at 394.00, 388.00, and 387.00 January, and resistance is at 406.00, 414.00, and 418.00 January. Trends in Soybean Oil are mixed to down with no objectives. Support is at 4820, 4590, and 4400 January, with resistance at 5000, 5280, and 5360 January.

COT — Supplemental Report – Option and Futures Combined Positions as of December 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 827,119
: Positions :
: 65,078 80,024 220,906 293,034 391,987 172,053 45,386 751,070 738,302: 76,049 88,817
: Changes from: December 12, 2023 (Change in open interest: -22,722) :
: -8,674 8,809 -27,606 89 -17,659 -1,117 3,270 -37,307 -33,185: 14,585 10,463
: Percent of Open Interest Represented by Each Category of Trader :
: 7.9 9.7 26.7 35.4 47.4 20.8 5.5 90.8 89.3: 9.2 10.7
: Total Traders: 551 Number of Traders in Each Category :
: 113 128 170 208 220 49 30 464 465:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of December 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 507,402
: Positions :
: 35,700 93,604 128,457 165,467 229,849 138,583 24,870 468,208 476,780: 39,194 30,621
: Changes from: December 12, 2023 (Change in open interest: 10,431) :
: -4,223 6,777 -3,492 10,551 3,891 2,703 733 5,539 7,908: 4,892 2,523
: Percent of Open Interest Represented by Each Category of Trader :
: 7.0 18.4 25.3 32.6 45.3 27.3 4.9 92.3 94.0: 7.7 6.0
: Total Traders: 289 Number of Traders in Each Category :
: 59 70 90 85 83 40 19 234 223:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of December 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 564,236
: Positions :
: 78,941 46,948 162,530 134,694 290,353 124,269 22,166 500,434 521,998: 63,802 42,238
: Changes from: December 12, 2023 (Change in open interest: -1,538) :
: -10,951 6,951 4,357 784 -23,991 -1,763 2,340 -7,573 -10,344: 6,035 8,806
: Percent of Open Interest Represented by Each Category of Trader :
: 14.0 8.3 28.8 23.9 51.5 22.0 3.9 88.7 92.5: 11.3 7.5
: Total Traders: 317 Number of Traders in Each Category :
: 70 58 95 113 111 40 20 279 245:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Palm Oil was higher last week on weekly continuation charts, but lower overall on ideas of weaker demand for Palm Oil as the private sources reported improved demand for Palm Oil and as the weather situation is good for production. There had been concerns about too dry weather caused by El Nino. 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 slightly lower. Current forecasts call for very wet weather in southern Brazil and 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 mixed on the daily charts in this market.
Overnight News:
Chart Analysis: Trends in Canola are mixed. Support is at 645.00, 640.00, and 636.00 January, with resistance at 655.00, 663.00, and 678.00 January. Trends in Palm Oil are mixed. Support is at 3670, 3650, and 3600 March, with resistance at 3740, 3850, and 3890 March.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 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 41,600 :
: Positions :
: 29,050 19,900 780 8,748 1,720 0 780 200 1,770 2,172 8,080 :
: Changes from: December 12, 2023 :
: 430 490 0 0 0 0 160 0 0 -220 -120 :
: Percent of Open Interest Represented by Each Category of Trader :
: 69.8 47.8 1.9 21.0 4.1 0.0 1.9 0.5 4.3 5.2 19.4 :
: Number of Traders in Each Category Total Traders: 32 :
: 8 10 . 4 . 0 . . 4 8 . :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 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 253,446 :
: Positions :
: 214,035 95,271 2,989 2,244 3,991 2,764 118,924 19,345 2,684 5,973 6,104 :
: Changes from: December 12, 2023 :
: 3,137 -10,403 -6,285 42 -1,464 -1,338 6,513 -1,248 654 242 -4,692 :
: Percent of Open Interest Represented by Each Category of Trader :
: 84.4 37.6 1.2 0.9 1.6 1.1 46.9 7.6 1.1 2.4 2.4 :
: Number of Traders in Each Category Total Traders: 289 :
: 51 55 4 5 4 7 97 20 41 54 41 :
—————————————————————————————————————-

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

US Gulf Cash Basis

Corn HRW SRW Soybeans Soybean Meal Soybean Oil
Nov

December 50 Mar 150 Mar
125 Dec
54 Jan

January
60 Mar 150 Mar 95 Mar 78 Jan

February
66 Mar 150 Mar 90 Mar 66 Mar

DJ Malaysian PM Cash Market Prices for Palm Oil – Dec 26
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
Jan 832.50 +10.00 Unquoted – –
Feb 835.00 +10.00 Unquoted – –
Mar 837.50 +07.50 Unquoted – –
Apr/May/Jun 842.50 +10.00 Unquoted – –
Jul/Aug/Sep 827.50 +05.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Jan 840.00 +10.00 Unquoted – –
Feb 842.50 +10.00 Unquoted – –
Mar 845.00 +07.50 Unquoted – –
Apr/May/Jun 850.00 +10.00 Unquoted – –
Jul/Aug/Sep 835.00 +05.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Jan 835.00 +05.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Jan 725.00 +10.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jan 3,720.00 00.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jan 242.00 +01.00 Unquoted – –
($1=MYR4.6285)

DJ China Dalian Grain Futures Closing Prices, Volume – Dec 26
Soybean No. 1
Turnover: 113,334 lots, or 5.55 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-24 4,870 4,898 4,861 4,893 4,867 4,877 10 5,259 13,613
Mar-24 4,900 4,928 4,875 4,921 4,894 4,904 10 94,719 181,896
May-24 4,874 4,900 4,848 4,890 4,857 4,879 22 11,339 38,070
Jul-24 4,837 4,871 4,825 4,861 4,837 4,858 21 986 6,569
Sep-24 4,815 4,850 4,808 4,843 4,820 4,839 19 1,017 6,242
Nov-24 4,786 4,826 4,786 4,821 4,794 4,815 21 14 234
Corn
Turnover: 611,381 lots, or 14.82 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-24 2,433 2,441 2,403 2,404 2,437 2,426 -11 31,919 36,785
Mar-24 2,412 2,414 2,390 2,391 2,424 2,404 -20 116,080 379,590
May-24 2,439 2,440 2,414 2,417 2,440 2,427 -13 365,516 715,885
Jul-24 2,440 2,447 2,420 2,424 2,447 2,434 -13 83,864 228,442
Sep-24 2,450 2,450 2,425 2,427 2,450 2,439 -11 13,105 82,465
Nov-24 2,424 2,424 2,400 2,402 2,426 2,409 -17 897 7,468
Soymeal
Turnover: 992,746 lots, or 34.04 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-24 3,903 3,918 3,891 3,897 3,885 3,903 18 51,087 102,999
Mar-24 3,788 3,802 3,771 3,776 3,772 3,787 15 107,021 219,214
May-24 3,342 3,370 3,334 3,338 3,336 3,351 15 699,543 1,398,431
Jul-24 3,348 3,352 3,320 3,323 3,320 3,335 15 39,410 480,005
Aug-24 3,345 3,421 3,345 3,393 3,392 3,405 13 11,806 70,458
Sep-24 3,385 3,402 3,373 3,376 3,375 3,386 11 57,513 352,458
Nov-24 3,354 3,376 3,349 3,350 3,350 3,362 12 24,134 42,686
Dec-24 3,349 3,368 3,339 3,342 3,343 3,352 9 2,232 8,301
Palm Oil
Turnover: 613,015 lots, or 4.39 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-24 7,100 7,142 7,076 7,122 7,030 7,110 80 27,750 20,154
Feb-24 7,092 7,180 7,092 7,162 7,062 7,148 86 14,313 28,669
Mar-24 7,200 7,234 7,174 7,216 7,114 7,204 90 13,881 29,800
Apr-24 7,182 7,216 7,156 7,202 7,102 7,184 82 4,544 15,338
May-24 7,148 7,210 7,134 7,186 7,084 7,172 88 541,314 442,354
Jun-24 7,116 7,168 7,098 7,154 7,040 7,140 100 3,756 7,874
Jul-24 7,076 7,116 7,052 7,106 6,994 7,086 92 90 1,224
Aug-24 7,026 7,072 7,012 7,072 6,954 7,056 102 78 3,522
Sep-24 6,962 7,046 6,956 7,028 6,924 7,016 92 7,107 23,404
Oct-24 7,014 7,038 6,976 7,026 6,912 7,010 98 54 320
Nov-24 7,008 7,032 6,980 7,024 6,908 7,008 100 123 451
Dec-24 6,996 7,020 6,986 6,998 6,918 6,996 78 5 12
Soybean Oil
Turnover: 475,667 lots, or 36.38 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-24 7,924 7,952 7,882 7,920 7,888 7,924 36 43,054 32,694
Mar-24 7,858 7,912 7,858 7,880 7,826 7,886 60 22,076 48,183
May-24 7,600 7,644 7,590 7,616 7,552 7,616 64 377,720 580,756
Jul-24 7,488 7,542 7,478 7,524 7,450 7,516 66 11,026 131,708
Aug-24 7,512 7,546 7,498 7,532 7,462 7,524 62 4,728 29,500
Sep-24 7,468 7,514 7,462 7,492 7,430 7,488 58 11,398 49,688
Nov-24 7,436 7,478 7,430 7,458 7,394 7,452 58 5,474 14,489
Dec-24 7,450 7,480 7,436 7,462 7,414 7,460 46 191 6,633
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