Grains Report 01/16/2024

DJ CBOT Delivery Intentions: Totals – Jan 16
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL January Jan 17, 2024 20 Jan 12, 2024
SOYBEAN OIL January Jan 17, 2024 19 Jan 12, 2024
ROUGH RICE January Jan 17, 2024 8 Jan 12, 2024
SOYBEAN January Jan 17, 2024 79 Jan 12, 2024

DJ USDA Report: Summary for U.S. Agriculture Supply, Demand Report
Following are key numbers from the USDA’s crop report and how the
government’s estimates compared with analysts’ forecasts in a
Wall Street Journal Survey.
U.S. Corn, Soybean Production
(Production in million bushels)
(Yield in bushels per acre)
(Harvested area in million acres)
Friday’s USDA
Estimate Average Range December
Corn Production 15,342.0 15,221 15,068-15,330 15,234
Corn Yield 177.3 174.9 174.0-176.0 174.9
Harvested Acres 86.5 87.0 86.6-87.2 87.1
Soybean Production 4,165.0 4,123 4,074-4,162 4,129
Soybean Yield 50.6 49.8 49.5-50.3 49.9
Harvested Acres 82.4 82.8 82.3-83.0 82.8
****
U.S. 2023-24 Stockpiles (million bushels)
Friday’s USDA
Estimate Average Range December
Corn 2,162.0 2,105 1,961-2,253 2,131
Soybeans 280.0 239 215-270 245
Wheat 648.0 658 630-681 659
****
World 2023-24 Stockpiles (million metric tons)
Friday’s
Estimate Average Range USDA Dec.
Corn 325.2 313.9 310.0-318.0 315.2
Soybeans 114.6 112.2 110.0-115.0 114.2
Wheat 260.0 258.3 257.0-261.1 258.2

DJ USDA Report: Summary for U.S. Quarterly Grain Stocks
The following are key numbers from the USDA’s Quarterly Grain, Soybean Stockpiles and how the government’s estimates compared with analysts’ forecasts in a Wall Street Journal survey.
U.S. Stockpiles on Dec. 1, 2023 (million bushels)
Friday’s USDA USDA
Estimate Average Range Sept. 2023 Dec. 2022
Corn 12,169 12,010 11,070-12,380 1,360 10,813
Soybeans 3,000 2,982 2,950- 3,039 264 3,021
Wheat 1,410 1,383 1,272- 1,459 1,767 1,312

DJ USDA Report: Summary for U.S. Winter Wheat Seedings
The following are key numbers from the USDA’s crop report
and how the government’s estimates compared with analysts’
forecasts in a Wall Street Journal survey.
U.S. 2024 U.S. Winter Wheat Seedings Estimates
Friday’s USDA
Estimate Average Range 2023
All Winter Wheat 34.4 35.9 34.5 – 39.4 36.7
Hard Red Winter 24.0 25.2 24.0 – 27.3 25.7
Soft Red Winter 6.86 7.1 6.2 – 8.6 7.4
White Winter 3.54 3.6 3.4 – 3.8 3.6

DJ USDA Supply/Demand: Crop Summary – Jan 12
U.S. ending stocks in million bushels, except soyoil in million pounds,
cotton in million (480 pound) bales and rice in million cwt. Exports and
Production in million metric tons except cotton in million (480 pound)
bales.
Projections based on trends and analysts’ judgments, not survey
date. Source: USDA’s World Agricultural Outlook Board.
======U.S.====== ================WORLD===================
Ending Stocks Exports Production
23/24 22/23 21/22 : 23/24 22/23 21/22 : 23/24 22/23 21/22
Soybeans 280.0 264.0 274.0 :170.94 171.66 154.22 : 398.98 375.40 360.41
Brazil na na na : 99.50 95.51 79.06 : 157.00 160.00 130.50
Argentina na na na : 4.60 4.19 2.86 : 50.00 25.00 43.90
China na na na : 0.10 0.09 0.10 : 20.84 20.28 16.40
Soyoil 1,577 1,602 1,991 : 11.53 11.53 12.32 : 61.91 59.12 59.27
Corn 2,162 1,360 1,377 :200.89 180.81 206.60 : 1,236 1,156 1,216
China na na na : 0.02 0.01 0.00 : 288.84 277.20 272.55
Argentina na na na : 41.00 23.00 34.69 : 55.00 34.00 49.50
S.Africa na na na : 3.40 3.80 3.65 : 16.80 17.10 16.14
Cotton 2.90 4.25 4.05 : 43.05 36.96 43.19 : 113.18 116.56 114.46
All Wheat 648 570 674 :209.54 220.17 202.77 : 784.91 789.17 780.05
China na na na : 0.90 0.95 0.88 : 136.59 137.72 136.95
European
Union na na na : 36.50 35.08 31.93 : 134.30 134.19 138.16
Canada na na na : 24.00 25.59 15.12 : 31.95 34.34 22.42
Argentina na na na : 10.00 3.66 16.00 : 15.00 12.55 22.15
Australia na na na : 19.00 31.82 27.51 : 25.50 40.55 36.24
Russia na na na : 51.00 47.50 33.00 : 91.00 92.00 75.16
Ukraine na na na : 14.00 17.12 18.84 : 23.40 21.50 33.01
Sorghum 22.0 24.0 47.0 : na na na : na na na
Barley 77.0 66.0 37.0 : na na na : na na na
Oats 39.0 35.0 33.0 : na na na : na na na
Rice 43.5 30.3 39.7 : 51.50 54.38 56.90 : 513.54 512.96 513.10

WHEAT
General Comments: Wheat markets were lower last week in response to the USDA reports that were actually price positive and the advent of very cold weather into the central US. There should be snow cover to protect the crops so little if any damage is expected. USDA cut its ending stocks estimates and also showed less than expected planted area for Wheat for the coming year. The big weakness in Corn and Soybeans caused weakness in Wheat as did a dismal export sales pace to date for US Wheat. Black Sea offers are still plentiful and Russian prices appear to be about 260.00 per tons FOB with Ukrainian prices about the same. EU countries are offering as well and are getting new business. Demand has been poor for US Wheat as Russia production looks strong.
Overnight News: The southern Great Plains should get mostly dry conditions. Temperatures should be much below normal. Northern areas should see mostly dry conditions. Temperatures will average much below normal. The Canadian Prairies should see mostly dry conditions. Temperatures should average much below normal.
Chart Analysis: Trends in Chicago are mixed. Support is at 587, 568, and 562 March, with resistance at 604, 612, and 622 March. Trends in Kansas City are mixed. Support is at 612, 584, and 572 March, with resistance at 637, 647, and 658 March. Trends in Minneapolis are mixed. Support is at 694, 686, and 680 March, and resistance is at 713, 720, and 729 March.

COT — Supplemental Report – Option and Futures Combined Positions as of January 09, 2024
: 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 427,307
: Positions :
: 50,529 113,480 127,658 77,778 90,342 139,790 56,062 395,754 387,542: 31,552 39,765
: Changes from: January 2, 2024 (Change in open interest: 11,250) :
: 1,250 -713 6,066 -563 -1,534 2,352 3,174 9,104 6,994: 2,146 4,257
: Percent of Open Interest Represented by Each Category of Trader :
: 11.8 26.6 29.9 18.2 21.1 32.7 13.1 92.6 90.7: 7.4 9.3
: Total Traders: 357 Number of Traders in Each Category :
: 87 105 129 93 91 45 31 300 291:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of January 09, 2024
: 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 226,120
: Positions :
: 26,788 67,354 56,505 43,522 58,713 78,578 23,283 205,393 205,855: 20,727 20,265
: Changes from: January 2, 2024 (Change in open interest: 4,519) :
: 682 1,453 -2,268 1,775 5,836 2,893 -687 3,082 4,334: 1,437 185
: Percent of Open Interest Represented by Each Category of Trader :
: 11.8 29.8 25.0 19.2 26.0 34.8 10.3 90.8 91.0: 9.2 9.0
: Total Traders: 213 Number of Traders in Each Category :
: 35 62 56 57 67 36 17 162 171:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 9, 2024
: 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 63,674 :
: Positions :
: 38,881 11,268 1,804 184 223 1,159 29,796 6,548 1,759 1,064 3,847 :
: Changes from: January 2, 2024 :
: 2,776 1,151 -116 -10 54 543 2,448 306 -63 -643 462 :
: Percent of Open Interest Represented by Each Category of Trader :
: 61.1 17.7 2.8 0.3 0.4 1.8 46.8 10.3 2.8 1.7 6.0 :
: Number of Traders in Each Category Total Traders: 114 :
: 51 37 6 . . 6 27 12 10 4 10 :
—————————————————————————————————————-

RICE
General Comments: Rice closed higher on Friday but a little lower for the week. USDA issued its WASDE and production estimates and ptoduction was increased via increased yields. The increase was in long grain with medium and short grain production estimated lower than the previous year. Demand showed increases on the domestic side but unchanged demand potential on the export side. Ending stocks were increased to 24 million cwt for long grain from 21.2 million before. USDA cut its all Rice ending stocks estimate to 41.5 million cwt from 41.9 million in December. Demand reports have been weaker lately and have featured traditional buyers in Latin America and Asia. Futures are trying to complete a sideways formation with a move to higher prices and might have started on this quest on Friday. The market acts firm despite the USDA long grain reports as world data showed cuts to ending stocks levels.
Overnight News:
Chart Analysis: Trends are mixed. Support is at 1748, 1744, and 1721 March and resistance is at 1774, 1785, and 1802 March.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 9, 2024
: 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 11,290 :
: Positions :
: 2,983 9,277 151 0 56 3,623 392 123 1,413 348 409 :
: Changes from: January 2, 2024 :
: -116 -1,162 34 0 -2 -589 179 -40 68 239 185 :
: Percent of Open Interest Represented by Each Category of Trader :
: 26.4 82.2 1.3 0.0 0.5 32.1 3.5 1.1 12.5 3.1 3.6 :
: Number of Traders in Each Category Total Traders: 68 :
: 17 17 . 0 . 14 . . 17 . 6 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn closed lower last week with much of the selling seen on Friday in response to the USDA reports. USDA increased yields by over 3 bu/acre to177.4 bu/acre and increased production to 15.342 billion bushels. Ending stocks were estimated at 2.163 billion bushels, from 2.131. billion last month. USDA left export demand unchanged but increased domestic demand in all categories but not enough to change the trajectory of higher stocks. The CONAB Brazil production estimate released on Wednesday that was reduced for the coming year due to reduced Winter Corn planted area and USDA reduced its production estimate as well. Oats were higher in sympathy with Corn as no changes were made to the balance sheets. The market anticipates increased selling from US producers, but many have sold enough, and elevators and processors are reported to be full. There are also forecasts for a lot of very cold air for the Midwest to keep farmers inside and not opening the bins. Producers are also looking for higher prices now as crops are in the bin for the Winter. Ideas of weak demand are keeping prices low. The market feels that there is more than enough Corn for any demand.
Overnight News: Mexico bought 126,700 tons of US Corn.
Chart Analysis: Trends in Corn are down with objectives of 436 March. Support is at 435, 432, and 429 March, and resistance is at 456, 462, and 464 March. Trends in Oats are mixed. Support is at 351, 338, and 330 March, and resistance is at 376, 393, and 402 March.

COT — Supplemental Report – Option and Futures Combined Positions as of January 09, 2024
: 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 1,713,898
: Positions :
: 147,050 374,458 499,371 512,167 487,983 369,338 137,858 1,527,925 1,499,670: 185,973 214,228
: Changes from: January 2, 2024 (Change in open interest: 112,551) :
: -826 22,268 58,034 26,084 22,776 22,698 9,185 105,991 112,264: 6,560 287
: Percent of Open Interest Represented by Each Category of Trader :
: 8.6 21.8 29.1 29.9 28.5 21.5 8.0 89.1 87.5: 10.9 12.5
: Total Traders: 762 Number of Traders in Each Category :
: 123 144 187 337 327 52 36 618 616:
——————————————————————————————————————-

SOYBEANS
General Comments: Soybeans and the products closed lower last week, with much of the selling coming on Friday in response zto the USDA reports that showed an increase in yields, production, and ending stocks for Soybeans. Production was raised to 4.165 billion bushels in response to a yield estimate of a50.6 bu/acre, from49.8 bu/acre in November. Ending stocks were estimated at 280 million bushels from 238 million in December. Brazil production was cut to 157 million tons, but this was spied out by the US changes and the continued strong production potential in Argentina. CONAB on Wednesday estimated production down at just over 155 million tons, but this would still be a new record production. The precipitation keeps falling in Brazil is expected to continue through this weekend. Soybean Meal was weaker on increasing confidence that Argentina will return as a major exporter and as US crushers are crushing for oil and have a lot of extra meal available. There are some forecasts for significant rains and rains this week in central and northern Brazil and less wet conditions in the south. The trade remains concerned about the weather forecasts for South America but is holding to ideas of production over 150 million tons. Our source suggests that production in Brazil could be much less due to the extreme weather seen already. Brazil has been 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 this week.
Overnight News:
Chart Analysis: Trends in Soybeans are down with objectives of 1200 March. Support is at 1204, 1192, and 1180 March, and resistance is at 1234, 1252, and 1260 March. Trends in Soybean Meal are down with no objectives. Support is at 353.00, 350.00, and 347.00 March, and resistance is at 360.00, 370.00, and 376.00 March. Trends in Soybean Oil are mixed. Support is at 4770, 4700, a6nd 4660 March, with resistance at 4960, 5020, and 5170 March.

COT — Supplemental Report – Option and Futures Combined Positions as of January 09, 2024
: 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 833,627
: Positions :
: 62,821 113,557 242,267 303,950 358,749 166,405 44,825 775,443 759,398: 58,184 74,229
: Changes from: January 2, 2024 (Change in open interest: 44,148) :
: -1,410 13,673 23,017 17,724 -2,498 3,380 7,084 42,711 41,276: 1,437 2,873
: Percent of Open Interest Represented by Each Category of Trader :
: 7.5 13.6 29.1 36.5 43.0 20.0 5.4 93.0 91.1: 7.0 8.9
: Total Traders: 545 Number of Traders in Each Category :
: 94 152 168 190 211 47 29 434 465:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of January 09, 2024
: 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 542,231
: Positions :
: 41,744 112,845 143,006 173,674 227,443 152,414 30,188 510,838 513,483: 31,392 28,747
: Changes from: January 2, 2024 (Change in open interest: 21,113) :
: 1,988 2,382 11,843 -759 9,003 8,530 -2,085 21,602 21,143: -490 -30
: Percent of Open Interest Represented by Each Category of Trader :
: 7.7 20.8 26.4 32.0 41.9 28.1 5.6 94.2 94.7: 5.8 5.3
: Total Traders: 314 Number of Traders in Each Category :
: 71 80 96 86 84 43 20 252 237:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of January 09, 2024
: 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 515,526
: Positions :
: 51,626 82,799 134,281 157,295 241,663 122,604 21,824 465,806 480,567: 49,720 34,958
: Changes from: January 2, 2024 (Change in open interest: 25,653) :
: -13,387 14,128 13,761 23,857 -1,978 -1,085 -649 23,146 25,261: 2,507 392
: Percent of Open Interest Represented by Each Category of Trader :
: 10.0 16.1 26.0 30.5 46.9 23.8 4.2 90.4 93.2: 9.6 6.8
: Total Traders: 313 Number of Traders in Each Category :
: 54 72 90 114 104 43 19 270 236:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Palm Oil was higher today on fiollow through buying in reaction to weaker than expected December production and stocks data posted by MPOB. It estimated production at 1.550 million tons, down 13.3% from November. Demand was also down, but ending stocks were estimated at 2.291 million tons, down 4.6%. Trends are turning up on the daily charts and are sideways on the weekly charts. Canola was higher last week in consolidation trading after the release of the USDA reports. Current forecasts call for drier 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 down on the daily charts in this market.
Overnight News:
Chart Analysis: Trends in Canola are mixed. Support is at 615.00, 610.00, and 604.00 March, with resistance at 646.00, 656.00, and 665.00 March. Trends in Palm Oil are up with objectives of 4010 and 4220 April. Support is at 3800, 3770, and 3660 April, with resistance at 3890, 3950, and 4050 April.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 9, 2024
: 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 39,630 :
: Positions :
: 26,830 20,900 860 7,918 1,600 0 540 200 2,240 572 7,900 :
: Changes from: January 2, 2024 :
: 1,340 920 0 440 -40 0 140 0 180 20 -289 :
: Percent of Open Interest Represented by Each Category of Trader :
: 67.7 52.7 2.2 20.0 4.0 0.0 1.4 0.5 5.7 1.4 19.9 :
: Number of Traders in Each Category Total Traders: 28 :
: 9 7 . . . 0 . . 6 4 . :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 9, 2024
: 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 253,370 :
: Positions :
: 205,262 80,446 2,721 2,889 4,490 5,825 127,427 22,248 3,927 6,580 7,459 :
: Changes from: January 2, 2024 :
: 9,612 -4,531 -724 182 105 -180 12,701 5,698 893 1,316 342 :
: Percent of Open Interest Represented by Each Category of Trader :
: 81.0 31.8 1.1 1.1 1.8 2.3 50.3 8.8 1.5 2.6 2.9 :
: Number of Traders in Each Category Total Traders: 296 :
: 52 48 4 7 5 15 95 20 47 52 34 :
—————————————————————————————————————-

Midwest Weather Forecast Mostly dry conditions. Temperatures should average much below normal.

US Gulf Cash Basis

Corn HRW SRW Soybeans Soybean Meal Soybean Oil
Nov

January 59 Mar 155 Mar
100 Mar
90 Mar

February
61 Mar 155 Mar 100 Mar 85 Mar

March
64 Mar 155 Mar 95 Mar 80 Mar

DJ Malaysian PM Cash Market Prices for Palm Oil – Jan 16
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 pworts
Offer Change Bid Change Traded
Jan 865.00 +12.50 Unquoted – –
Feb 865.00 +10.00 Unquoted – –
Mar 865.00 +10.00 Unquoted – –
Apr/May/Jun 847.50 +12.50 Unquoted – –
Jul/Aug/Sep 815.00 +02.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Jan 872.50 +12.50 Unquoted – –
Feb 872.50 +10.00 Unquoted – –
Mar 872.50 +10.00 Unquoted – –
Apr/May/Jun 855.00 +12.50 Unquoted – –
Jul/Aug/Sep 822.50 +02.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Jan 855.00 +10.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Jan 725.00 +05.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jan 3910.00 +70.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jan 246.00 +02.00 Unquoted – –
($1=MYR4.6875)

DJ China Dalian Grain Futures Closing Prices, Volume – Jan 16
Soybean No. 1
Turnover: 101,135 lots, or 4.85 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Mar-24 4,795 4,835 4,772 4,817 4,776 4,802 26 76,240 168,590
May-24 4,753 4,803 4,749 4,790 4,751 4,776 25 19,831 42,530
Jul-24 4,703 4,735 4,696 4,734 4,700 4,715 15 3,777 12,690
Sep-24 4,690 4,720 4,684 4,720 4,690 4,699 9 1,221 7,823
Nov-24 4,662 4,693 4,662 4,684 4,667 4,678 11 59 202
Jan-25 4,660 4,665 4,660 4,665 4,667 4,661 -6 7 7
Corn
Turnover: 480,557 lots, or 11.44 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Mar-24 2,353 2,360 2,346 2,359 2,353 2,352 -1 35,433 228,893
May-24 2,385 2,390 2,372 2,386 2,378 2,379 1 376,760 764,853
Jul-24 2,403 2,412 2,393 2,411 2,400 2,401 1 49,544 213,482
Sep-24 2,401 2,416 2,394 2,413 2,397 2,404 7 15,748 93,063
Nov-24 2,360 2,369 2,353 2,366 2,351 2,360 9 2,325 15,330
Jan-25 2,353 2,353 2,330 2,347 2,351 2,340 -11 747 500
Soymeal
Turnover: 1,218,138 lots, or 37.65 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Mar-24 3,322 3,336 3,261 3,321 3,325 3,295 -30 81,049 129,760
May-24 3,063 3,084 3,050 3,083 3,068 3,064 -4 934,543 1,622,658
Jul-24 3,075 3,082 3,054 3,081 3,068 3,065 -3 44,877 236,535
Aug-24 3,153 3,173 3,147 3,172 3,158 3,157 -1 9,312 53,575
Sep-24 3,151 3,163 3,134 3,159 3,146 3,145 -1 126,088 515,865
Nov-24 3,143 3,154 3,124 3,145 3,135 3,135 0 7,649 37,209
Dec-24 3,135 3,162 3,129 3,153 3,125 3,145 20 5,811 7,969
Jan-25 3,167 3,168 3,115 3,143 3,125 3,144 19 8,809 6,454
Palm Oil
Turnover: 541,887 lots, or 39.59 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Feb-24 7,262 7,388 7,260 7,380 7,304 7,344 40 1,688 3,485
Mar-24 7,346 7,474 7,340 7,468 7,370 7,412 42 5,809 15,614
Apr-24 7,346 7,450 7,318 7,446 7,350 7,380 30 989 3,808
May-24 7,280 7,390 7,270 7,384 7,302 7,330 28 497,991 405,293
Jun-24 7,174 7,274 7,174 7,262 7,222 7,230 8 905 3,069
Jul-24 7,090 7,146 7,072 7,140 7,126 7,120 -6 223 1,327
Aug-24 6,994 7,034 6,980 7,026 7,048 7,012 -36 114 1,514
Sep-24 6,900 6,942 6,872 6,920 6,962 6,914 -48 33,755 48,011
Oct-24 6,872 6,890 6,828 6,872 6,908 6,864 -44 139 391
Nov-24 6,844 6,854 6,800 6,828 6,864 6,826 -38 76 619
Dec-24 6,830 6,836 6,782 6,822 6,844 6,812 -32 74 78
Jan-25 6,910 7,286 6,168 6,820 6,844 6,824 -20 124 51
Soybean Oil
Turnover: 475,624 lots, or 35.57 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Mar-24 7,730 7,784 7,710 7,778 7,722 7,750 28 4,939 20,930
May-24 7,480 7,526 7,444 7,516 7,480 7,488 8 427,043 583,864
Jul-24 7,402 7,440 7,372 7,430 7,400 7,412 12 3,148 26,922
Aug-24 7,362 7,410 7,342 7,382 7,384 7,376 -8 862 12,393
Sep-24 7,334 7,376 7,302 7,340 7,352 7,334 -18 39,161 83,725
Nov-24 7,316 7,346 7,278 7,312 7,306 7,308 2 318 4,201
Dec-24 7,348 7,374 7,316 7,336 7,338 7,334 -4 59 1,229
Jan-25 7,350 7,350 7,300 7,316 7,338 7,318 -20 94 72
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