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

DJ Repeat & Correct: USDA Cattle on Feed: 7-State 1,000+ Lots Totals-Jan 19
“USDA Cattle on Feed: 7-State 1,000+ Lots Totals-Jan 19,” at 3:02 ET, incorrectly stated On Feed December 1 data. The correct version follows:
WASHINGTON (Dow Jones)==U.S. cattle on feed for slaughter market
in the historic 7 states for feedlots with capacity of 1,000 or more
totaled 10.335 million, up 1.3% from the previous year, the U.S.
Department of Agriculture said Friday.
[December preceding year]
NOTE: This table was compiled by Dow Jones. USDA no longer reports
7-state data.
Cattle on Feed: Number on Feed, Placements, Marketings, and
Other Disappearance, 1,000+ Capacity Feedlots,
7 States, January 1, 2023-2024
========================================================================
Number 2024 as % of
Item ====================================
2023 2024 2023
========================================================================
=====1,000 head==== Percent
On feed December 1 10,193 10,436 102
Placed on feed during December 1,577 1,476 94
Fed cattle marketed during December 1,524 1,524 100
Other disappearance during December 44 53 120
On feed January 1 10,202 10,335 101
========================================================================

WHEAT
General Comments: Wheat markets were a little lower last week, but rebounded after making new lows for the move. The advent of very cold weather into the central US promoted ideas of limited Winterkill for Winter Wheat markets and very dry conditions in the northern Great Plains and Canadian Prairies until now are keeping production ideas for next year in check. There was snow cover to protect many of the crops so little if any damage is expected. The big weakness in 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 264.00 per tons FOB with Ukrainian prices about the same. However, Ukraine said that it is having trouble with shipping as much of the Wheat is shipped through the Red Sea due to the Houthi bombing of ships there. 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 598, 591, and 585 March, with resistance at 608, 613, and 622 March. Trends in Kansas City are mixed. Support is at 607, 587, and 584 March, with resistance at 622, 637, and 647 March. Trends in Minneapolis are mixed. Support is at 679, 674, and 668 March, and resistance is at 703, 713, and 720 March.

COT — Supplemental Report – Option and Futures Combined Positions as of January 16, 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 458,510
: Positions :
: 54,848 126,795 137,660 87,529 93,087 145,480 61,526 425,518 419,068: 32,992 39,442
: Changes from: January 9, 2024 (Change in open interest: 31,203) :
: 4,320 13,315 10,002 9,751 2,745 5,690 5,464 29,763 31,526: 1,439 -323
: Percent of Open Interest Represented by Each Category of Trader :
: 12.0 27.7 30.0 19.1 20.3 31.7 13.4 92.8 91.4: 7.2 8.6
: Total Traders: 366 Number of Traders in Each Category :
: 86 112 122 96 90 45 31 299 293:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of January 16, 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 232,308
: Positions :
: 27,226 72,512 59,418 42,060 52,486 83,894 24,899 212,597 209,315: 19,711 22,993
: Changes from: January 9, 2024 (Change in open interest: 6,189) :
: 438 5,158 2,912 -1,461 -6,226 5,315 1,616 7,205 3,460: -1,016 2,728
: Percent of Open Interest Represented by Each Category of Trader :
: 11.7 31.2 25.6 18.1 22.6 36.1 10.7 91.5 90.1: 8.5 9.9
: Total Traders: 205 Number of Traders in Each Category :
: 32 63 54 55 61 37 19 158 164:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 16, 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 66,159 :
: Positions :
: 41,096 11,792 1,898 193 352 1,623 31,334 5,727 1,425 1,859 4,208 :
: Changes from: January 9, 2024 :
: 2,216 524 93 9 129 464 1,539 -822 -334 795 361 :
: Percent of Open Interest Represented by Each Category of Trader :
: 62.1 17.8 2.9 0.3 0.5 2.5 47.4 8.7 2.2 2.8 6.4 :
: Number of Traders in Each Category Total Traders: 113 :
: 48 37 6 . 4 5 28 11 7 8 12 :
—————————————————————————————————————-

RICE
General Comments: Rice closed a little higher last week. The charts show that futures remain in a trading range, but are trying to break out of that range to the upside. The weekly export sales report showed improved demand from Latin America and Japan. Demand reports have been weaker lately and have featured traditional buyers in Latin America and Asia. It was cold in the southern US last week and cash movement has been at a minimum. The market acts firm despite the USDA long grain reports that implied bigger supplies and higher ending stocks as world data showed cuts to ending stocks levels.
Overnight News:
Chart Analysis: Trends are mixed. Support is at 1744, 1721, and 1710 March and resistance is at 1774, 1785, and 1814 March.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 16, 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 11,056 :
: Positions :
: 2,692 9,037 155 0 59 3,688 504 72 1,363 382 381 :
: Changes from: January 9, 2024 :
: -291 -241 4 0 3 65 112 -51 -50 34 -28 :
: Percent of Open Interest Represented by Each Category of Trader :
: 24.3 81.7 1.4 0.0 0.5 33.4 4.6 0.7 12.3 3.5 3.4 :
: Number of Traders in Each Category Total Traders: 67 :
: 14 19 . 0 . 14 . . 15 4 6 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn closed a little lower last week in consolidation trading as ideas of too much production for the demand in the US continue. The charts show that Corn did not confirm a move to lower prices in the second half of last week and rebounded to close in the trading range. Oats were higher on the cold and dry weather seen in northern areas and Canada. Trends are sideways on the daily and weekly charts in this market. 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:
Chart Analysis: Trends in Corn are mixed. Support is at 437, 435, and 432 March, and resistance is at 452, 456, and 462 March. Trends in Oats are mixed. Support is at 361, 350, and 338 March, and resistance is at 393, 402, and 405 March.

COT — Supplemental Report – Option and Futures Combined Positions as of January 16, 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 1,852,331
: Positions :
: 136,742 402,542 562,221 561,004 508,883 402,535 150,776 1,662,502 1,624,422: 189,829 227,909
: Changes from: January 9, 2024 (Change in open interest: 138,434) :
: -10,307 28,084 62,851 48,837 20,900 33,197 12,919 134,578 124,753: 3,856 13,681
: Percent of Open Interest Represented by Each Category of Trader :
: 7.4 21.7 30.4 30.3 27.5 21.7 8.1 89.8 87.7: 10.2 12.3
: Total Traders: 773 Number of Traders in Each Category :
: 117 165 197 337 332 52 35 626 635:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 16, 2024
: 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 3,556 :
: Positions :
: 1,437 1,161 0 489 0 0 624 0 452 256 177 :
: Changes from: January 9, 2024 :
: . . . . . . . . . . . :
: Percent of Open Interest Represented by Each Category of Trader :
: 40.4 32.6 0.0 13.8 0.0 0.0 17.5 0.0 12.7 7.2 5.0 :
: Number of Traders in Each Category Total Traders: 22 :
: 6 4 0 . 0 0 . 0 5 4 4 :
—————————————————————————————————————-

SOYBEANS
General Comments: Soybeans and Soybean Meal were higher last week on what appeared to be speculative short covering, but Soybean Oil was lower. The precipitation keeps falling in Brazil is expected to continue through this week. Soybean Meal remains weak 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. Support also came from reports of reduced Brazil production. 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. Wire reports indicate that Chinese hog herds have been cut significantly and much less Soybean Meal demand is expected from that sector. Soybeans imports requirements could be 20% less as a result.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed to down with objectives of 1200 March. Support is at 1201, 1192, and 1180 March, and resistance is at 1227, 1235, and 1252 March. Trends in Soybean Meal are mixed. Support is at 353.00, 350.00, and 347.00 March, and resistance is at 366.00, 370.00, and 376.00 March. Trends in Soybean Oil are mixed. Support is at 4670, 4570, a6nd 4520 March, with resistance at 4820, 4900, and 4960 March.

COT — Supplemental Report – Option and Futures Combined Positions as of January 16, 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 874,503
: Positions :
: 46,300 150,827 268,038 331,383 326,572 173,516 53,991 819,237 799,427: 55,265 75,075
: Changes from: January 9, 2024 (Change in open interest: 40,876) :
: -16,521 37,270 25,771 27,434 -32,177 7,111 9,165 43,795 40,029: -2,919 847
: Percent of Open Interest Represented by Each Category of Trader :
: 5.3 17.2 30.7 37.9 37.3 19.8 6.2 93.7 91.4: 6.3 8.6
: Total Traders: 560 Number of Traders in Each Category :
: 87 166 171 195 213 48 31 444 478:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of January 16, 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 572,643
: Positions :
: 43,938 116,512 151,645 182,041 244,032 163,057 32,099 540,681 544,288: 31,962 28,355
: Changes from: January 9, 2024 (Change in open interest: 30,412) :
: 2,194 3,667 8,638 8,367 16,588 10,643 1,911 29,843 30,804: 569 -392
: Percent of Open Interest Represented by Each Category of Trader :
: 7.7 20.3 26.5 31.8 42.6 28.5 5.6 94.4 95.0: 5.6 5.0
: Total Traders: 323 Number of Traders in Each Category :
: 62 89 99 86 90 45 21 256 250:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of January 16, 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 547,287
: Positions :
: 46,821 87,291 148,086 169,720 252,671 128,387 24,400 493,014 512,448: 54,274 34,840
: Changes from: January 9, 2024 (Change in open interest: 31,762) :
: -4,805 4,491 13,804 12,425 11,008 5,783 2,576 27,208 31,880: 4,554 -118
: Percent of Open Interest Represented by Each Category of Trader :
: 8.6 15.9 27.1 31.0 46.2 23.5 4.5 90.1 93.6: 9.9 6.4
: Total Traders: 322 Number of Traders in Each Category :
: 57 73 89 115 111 43 21 273 248:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Palm Oil was higher last week ideas of better demand. China has been a noted buyer recently. MPOB 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 on the weekly charts as futures are once again testing important resistance areas on the weekly charts. Canola was higher in consolidation trading. Current forecasts call for generally improved growing conditions in Brazil 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 and weekly charts in this market.
Overnight News:
Chart Analysis: Trends in Canola are mixed. Support is at 630.00, 623.00, and 615.00 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 3880, 3830, and 3790 April, with resistance at 3950, 4050, and 4130 April.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 16, 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 41,210 :
: Positions :
: 28,150 22,000 860 8,318 1,520 0 620 200 2,580 652 7,900 :
: Changes from: January 9, 2024 :
: 1,320 1,100 0 400 -80 0 80 0 340 80 0 :
: Percent of Open Interest Represented by Each Category of Trader :
: 68.3 53.4 2.1 20.2 3.7 0.0 1.5 0.5 6.3 1.6 19.2 :
: Number of Traders in Each Category Total Traders: 29 :
: 9 8 . . . 0 . . 6 5 . :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 16, 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 268,169 :
: Positions :
: 226,241 88,459 2,575 2,755 4,416 3,430 137,152 20,571 3,913 7,538 5,484 :
: Changes from: January 9, 2024 :
: 20,979 8,014 -146 -134 -74 -2,395 9,725 -1,677 -14 958 -1,975 :
: Percent of Open Interest Represented by Each Category of Trader :
: 84.4 33.0 1.0 1.0 1.6 1.3 51.1 7.7 1.5 2.8 2.0 :
: Number of Traders in Each Category Total Traders: 303 :
: 55 53 5 6 5 12 98 20 40 59 38 :
—————————————————————————————————————-

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 22
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
Feb 867.50 00.00 Unquoted – –
Mar 867.50 00.00 Unquoted – –
Apr/May/Jun 850.00 00.00 Unquoted – –
Jul/Aug/Sep 817.50 -02.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Feb 875.00 00.00 Unquoted – –
Mar 875.00 00.00 Unquoted – –
Apr/May/Jun 857.50 00.00 Unquoted – –
Jul/Aug/Sep 825.00 -02.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Feb 860.00 00.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Feb 722.50 00.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Feb 3,960 00.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Feb 252.00 00.00 Unquoted – –
($1=MYR4.7247)

DJ China Dalian Grain Futures Closing Prices, Volume – Jan 22
Soybean No. 1
Turnover: 77,990 lots, or .37 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Mar-24 4,785 4,788 4,761 4,769 4,781 4,773 -8 61,366 174,867
May-24 4,755 4,765 4,737 4,741 4,761 4,750 -11 13,039 49,168
Jul-24 4,684 4,684 4,658 4,664 4,684 4,669 -15 1,998 17,497
Sep-24 4,663 4,665 4,639 4,644 4,667 4,652 -15 1,300 9,411
Nov-24 4,642 4,647 4,623 4,625 4,647 4,639 -8 145 374
Jan-25 4,629 4,640 4,616 4,616 4,637 4,629 -8 142 250
Corn
Turnover: 670,079 lots, or 15.61 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Mar-24 2,306 2,311 2,287 2,289 2,319 2,296 -23 56,227 193,431
May-24 2,340 2,345 2,317 2,323 2,352 2,328 -24 535,777 942,276
Jul-24 2,373 2,374 2,349 2,356 2,380 2,358 -22 54,143 261,211
Sep-24 2,381 2,385 2,362 2,366 2,388 2,371 -17 19,119 108,524
Nov-24 2,355 2,355 2,336 2,339 2,358 2,343 -15 4,082 17,960
Jan-25 2,352 2,352 2,341 2,341 2,347 2,343 -4 731 2,359
Soymeal
Turnover: 1,332,723 lots, or 40.88 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Mar-24 3,182 3,231 3,167 3,200 3,177 3,198 21 81,117 98,718
May-24 3,041 3,067 3,027 3,039 3,035 3,048 13 1,027,285 1,599,048
Jul-24 3,043 3,063 3,029 3,034 3,032 3,045 13 34,252 202,503
Aug-24 3,121 3,152 3,117 3,119 3,113 3,132 19 4,776 44,665
Sep-24 3,107 3,140 3,100 3,103 3,102 3,118 16 174,752 530,255
Nov-24 3,102 3,127 3,092 3,095 3,093 3,109 16 3,585 41,952
Dec-24 3,121 3,145 3,110 3,113 3,113 3,124 11 1,465 9,843
Jan-25 3,114 3,133 3,092 3,095 3,107 3,108 1 5,491 12,132
Palm Oil
Turnover: 608,461 lots, or 45.44 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Feb-24 7,656 7,662 7,552 7,582 7,506 7,602 96 191 2,346
Mar-24 7,702 7,750 7,632 7,660 7,620 7,682 62 10,021 18,298
Apr-24 7,642 7,678 7,554 7,568 7,572 7,618 46 924 3,951
May-24 7,532 7,564 7,446 7,474 7,466 7,498 32 548,458 434,916
Jun-24 7,398 7,422 7,306 7,328 7,338 7,350 12 1,181 2,666
Jul-24 7,260 7,288 7,178 7,192 7,222 7,250 28 194 1,542
Aug-24 7,152 7,178 7,076 7,092 7,098 7,130 32 97 1,495
Sep-24 7,064 7,104 7,006 7,016 7,008 7,056 48 47,106 69,030
Oct-24 7,034 7,058 6,970 6,982 6,976 7,012 36 76 356
Nov-24 6,992 7,010 6,940 6,950 6,952 6,984 32 90 543
Dec-24 6,968 6,988 6,930 6,930 6,922 6,962 40 37 95
Jan-25 6,928 6,974 6,916 6,916 6,878 6,940 62 86 142
Soybean Oil
Turnover: 518,622 lots, or 39.42 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Mar-24 7,880 7,908 7,808 7,822 7,806 7,862 56 7,975 16,935
May-24 7,618 7,662 7,560 7,576 7,540 7,610 70 462,140 569,080
Jul-24 7,522 7,566 7,460 7,464 7,460 7,510 50 3,765 25,843
Aug-24 7,496 7,530 7,438 7,440 7,440 7,478 38 1,279 12,637
Sep-24 7,464 7,500 7,402 7,410 7,400 7,448 48 42,239 100,555
Nov-24 7,424 7,456 7,362 7,362 7,382 7,418 36 1,084 4,304
Dec-24 7,444 7,460 7,384 7,390 7,396 7,422 26 45 1,212
Jan-25 7,430 7,430 7,336 7,336 7,332 7,378 46 95 322
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