Grains Report 03/11/2024

DJ CBOT Delivery Intentions: Totals – Mar 11
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL March Mar 12, 2024 94 Mar 08, 2024
SOYBEAN OIL March Mar 12, 2024 64 Mar 07, 2024
ROUGH RICE March Mar 12, 2024 23 Mar 08, 2024
CORN March Mar 12, 2024 26 Mar 04, 2024
SOYBEAN March Mar 12, 2024 60 Mar 04, 2024
WHEAT March Mar 12, 2024 14 Mar 07, 2024

DJ USDA Supply/Demand: Crop Summary – Mar 8
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 315.0 264.0 274.0 :173.61 171.96 154.22 : 396.85 378.06 360.41
Brazil na na na :103.00 95.51 79.06 : 155.00 162.00 130.50
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 1,582 1,607 1,991 : 11.50 11.64 12.32 : 61.68 59.35 59.65
Corn 2,172 1,360 1,377 :202.27 180.19 206.39 : 1,230 1,158 1,216
China na na na : 0.02 0.01 0.00 : 288.84 277.20 272.55
Argentina na na na : 42.00 25.00 34.69 : 56.00 36.00 49.50
S.Africa na na na : 2.90 3.60 3.65 : 15.50 17.10 16.14
Cotton 2.50 4.25 4.05 : 43.26 36.96 43.19 : 112.96 116.26 114.49
All Wheat 673 570 674 :212.13 220.17 202.77 : 786.70 789.17 780.05
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 : 133.65 134.19 138.16
Canada na na na : 24.00 25.59 15.12 : 31.95 34.34 22.42
Argentina na na na : 10.50 3.66 16.00 : 15.90 12.55 22.15
Australia na na na : 20.00 31.82 27.51 : 26.00 40.55 36.24
Russia na na na : 51.00 47.50 33.00 : 91.50 92.00 75.16
Ukraine na na na : 16.00 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 36.0 35.0 33.0 : na na na : na na na
Rice 41.5 30.3 39.7 : 52.58 54.25 56.90 : 515.39 514.57 513.10

DJ USDA Report: Summary for U.S. Agriculture Supply, Demand
Following are key numbers from the USDA’s crop report and
how the government’s estimates compared to analysts’ forecasts in a
Wall Street Journal survey.
U.S. Stockpiles (million bushels)
Friday’s
2023-24 Estimate Average Range USDA February
Corn 2,172.0 2,141 2,075-2,172 2,172
Soybeans 315.0 319 293-355 315
Wheat 673.0 658 648-682 658
***
World Stockpiles (million metric tons)
2023-24
Friday’s
Estimate Average Range USDA February
Corn 319.6 320.7 317.0-323.2 322.1
Soybeans 114.3 114.5 111.0-117.0 116.0
Wheat 258.8 259.1 257.0-260.2 259.4
***
Brazil Production (million metric tons)
2023-24
Friday’s
Estimate Average Range USDA February
Corn 124.0 122.4 118.0-125.0 124.0
Soybeans 155.0 152.5 148.0-156.0 156.0
Argentina Production (million metric tons)
2023-24
Friday’s
Estimate Average Range USDA February
Corn 56.0 55.0 54.0-57.0 55.0
Soybeans 50.0 50.2 49.5-52.0 50.0

WINNIPEG–Following is Statistics Canada’s 2024/25 estimates of
principal field crop area report. The figures are as of January
2024. Source: Statistics Canada.
2024/25 2023/24
Barley 7,134,400 7,320,600
Edible Beans 358,900 318,300
Canary Seed 290,600 256,200
Canola 21,394,000 22,081,700
Chickpeas 400,000 315,500
Corn for grain 3,885,300 3,824,500
Fababeans 87,700 91,400
Flaxseed 510,300 609,200
Hemp 30,300 55,400
Lentils 3,828,900 3,668,500
Mixed grains 249,700 357,800
Mustard seed 591,900 637,400
Oats 3,072,000 2,527,000
Peas, dry 3,121,900 3,047,600
Rye 451,300 439,200
Soybeans 5,582,300 5,630,700
Sugarbeets 43,900 33,100
Summerfallow 1,208,700 1,218,600
Sunflower seed 83,500 99,200
Total wheat* 27,044,700 27,027,900
Durum wheat 6,344,100 6,033,800
Spring wheat 19,234,600 19,474,600
Winter wheat** 1,465,300 1,519,600
*Total wheat includes spring wheat, durum wheat, and winter
wheat remaining after winterkill
**Winter wheat seeded in fall

WHEAT
General Comments: Wheat was mostly higher last week, with Chicago SRW lower on reports of weaker world prices amid a lack of demand against an increase in demand. USDA made no changes to its balance sheets last week. Big world supplies and low world prices are still around. Russian export prices were reported at a new low yesterday. There were some reports that Algeria was a major buyer of Russian Wheat this week and Egypt has tendered as well. Export sales remain weak on competition from Rusia, Ukraine, and the EU as those countries look to export a lot of Wheat in the coming period. EU offers were lower. Russian and Ukraine offers are weaker. Some support came from the bombings in the Red Sea that has interrupted commerce. It is warm in the US and Canada this week. Black Sea offers are still plentiful and Russian prices are still weakening.
Overnight News: The southern Great Plains should get mostly dry conditions. Temperatures should be above normal. Northern areas should see mostly dry conditions. Temperatures will average near normal. The Canadian Prairies should see mostly dry conditions. Temperatures should average near normal. USDA said tht China cancelled purchases for 264,000 tons of US SRW.
Chart Analysis: Trends in Chicago are down with no objectives. Support is at 516, 510, and 504 May, with resistance at 554, 560, and 572 May. Trends in Kansas City are mixed. Support is at 552, 546, and 540 May, with resistance at 592, 602, and 608 May. Trends in Minneapolis are mixed. Support is at 641, 635, and 629 May, and resistance is at 668, 672, and 675 May.

COT — Supplemental Report – Option and Futures Combined Positions as of March 05, 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 451,756
: Positions :
: 65,435 153,810 117,587 69,336 89,922 166,292 55,632 418,651 416,951: 33,105 34,805
: Changes from: February 27, 2024 (Change in open interest: 36,757) :
: 2,231 16,728 16,076 8,393 -1,220 7,674 4,621 34,374 36,206: 2,384 551
: Percent of Open Interest Represented by Each Category of Trader :
: 14.5 34.0 26.0 15.3 19.9 36.8 12.3 92.7 92.3: 7.3 7.7
: Total Traders: 372 Number of Traders in Each Category :
: 76 133 121 86 82 48 33 293 296:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of March 05, 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 276,170
: Positions :
: 36,461 87,148 68,428 58,953 70,843 92,957 28,050 256,798 254,469: 19,372 21,701
: Changes from: February 27, 2024 (Change in open interest: 14,611) :
: 1,900 767 7,724 -940 3,036 6,093 2,228 14,778 13,755: -167 856
: Percent of Open Interest Represented by Each Category of Trader :
: 13.2 31.6 24.8 21.3 25.7 33.7 10.2 93.0 92.1: 7.0 7.9
: Total Traders: 236 Number of Traders in Each Category :
: 43 73 66 61 68 39 22 185 188:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of March 5, 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 67,310 :
: Positions :
: 36,450 13,419 1,438 523 261 7,102 31,240 6,146 1,548 417 4,454 :
: Changes from: February 27, 2024 :
: -1,906 237 -54 -106 40 659 -1,171 -774 -133 -1,505 103 :
: Percent of Open Interest Represented by Each Category of Trader :
: 54.2 19.9 2.1 0.8 0.4 10.6 46.4 9.1 2.3 0.6 6.6 :
: Number of Traders in Each Category Total Traders: 111 :
: 47 32 4 . . 10 24 9 11 5 11 :
—————————————————————————————————————-

RICE
General Comments: Rice closed lower last week and trends remain down in this market. Strong demand for export continues as well. The overseas markets feature less production in Brazil and India and it appears that the lack of offer from these markets is supporting increased demand for US Rice and prices here in the US. Warmer and wetter weather is expected this week and next on the Delta and Texas and soil moisture conditions for the next crop should improve.
Overnight News:
Chart Analysis: Trends are down with no objectives. Support is at 1773, 1759, and 1751 May and resistance is at 1827, 1845, and 1877 May.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of March 5, 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 12,633 :
: Positions :
: 2,557 9,910 107 0 0 5,078 578 93 1,295 486 491 :
: Changes from: February 27, 2024 :
: -15 -67 -1 0 0 -375 13 2 45 -75 23 :
: Percent of Open Interest Represented by Each Category of Trader :
: 20.2 78.4 0.8 0.0 0.0 40.2 4.6 0.7 10.3 3.8 3.9 :
: Number of Traders in Each Category Total Traders: 62 :
: 13 17 . 0 0 17 . . 13 . 5 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn was higher last week, and trends are up on the daily chart. USDA made no important changes to the monthly balance sheets and international data did not change that much, either. Big supplies and reports of limited demand are still around, but futures have been very oversold. Futures are much lower than just a few months ago and a short covering rally is increasingly expected but has not come yet. Funds remain very large shorts in the market. Basis levels have started to firm in the US as processors look for supplies amid tight farmer holding patterns. The weather forecasts for Argentina are improving with more showers and rains expected this week. More rain is forecast for central and northern Brazil The planting progress reports to date indicate rapid progress. The market anticipates increased selling from US producers but this has not really shown up due to the extremely low prices so far.
Overnight News:
Chart Analysis: Trends in Corn are mixed. Support is at 429, 422, and 409 May, and resistance is at 441, 446, and 448 May. Trends in Oats are mixed. Support is at 349, 344, and 340 May, and resistance is at 368, 374, and 376 May.

COT — Supplemental Report – Option and Futures Combined Positions as of March 05, 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 1,914,649
: Positions :
: 133,266 438,684 609,460 499,233 465,194 471,487 191,578 1,713,447 1,704,916: 201,202 209,733
: Changes from: February 27, 2024 (Change in open interest: 18,290) :
: -4,462 4,002 28,791 -25,672 -12,686 13,910 5,750 12,566 25,857: 5,724 -7,568
: Percent of Open Interest Represented by Each Category of Trader :
: 7.0 22.9 31.8 26.1 24.3 24.6 10.0 89.5 89.0: 10.5 11.0
: Total Traders: 740 Number of Traders in Each Category :
: 108 165 178 336 331 50 40 602 616:
——————————————————————————————————————-

SOYBEANS
General Comments: Soybeans and the products closed mostly higher on Friday and higher for the week on speculative buying and on reports of stronger basis levels and great export demand in Brazil. USDA made no significant changes to its US balance sheets on Friday and cut Brazil Soybeans production less than the trade had expected. Report indicate that China has been a very active buyer of Brazil Soybeans in the last week. Ideas that South American production is taking demand from the US have pressured futures lower. Funds remain very large shorts in the market. Basis levels in the country are reported to be firming as processors look for supplies and farmers remain tight holders. Rains are in the forecast after the extreme weather seen over the next week in Argentina. Such rains would be beneficial for reproducing Corn and Soybeans.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed. Support is at 1148, 1128, and 1122 May, and resistance is at 1166, 1180, and 1192 May. Trends in Soybean Meal are mixed. Support is at 326.00, 329.00, and 307.00 May, and resistance is at 335.00, 338.00, and 345.00 May. Trends in Soybean Oil are mixed. Support is at 4420, 4360, and 4300 May, with resistance at 4680, 4730, and 4810 May.

COT — Supplemental Report – Option and Futures Combined Positions as of March 05, 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 927,931
: Positions :
: 48,185 242,802 269,950 356,781 267,457 195,018 78,997 869,934 859,206: 57,997 68,726
: Changes from: February 27, 2024 (Change in open interest: 5,773) :
: 2,205 18,321 -6,444 -527 -5,044 11,709 2,566 6,944 9,399: -1,171 -3,626
: Percent of Open Interest Represented by Each Category of Trader :
: 5.2 26.2 29.1 38.4 28.8 21.0 8.5 93.7 92.6: 6.3 7.4
: Total Traders: 520 Number of Traders in Each Category :
: 84 169 176 172 179 48 32 429 440:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of March 05, 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 582,934
: Positions :
: 53,122 139,758 160,813 170,799 214,874 168,969 38,714 553,704 554,159: 29,230 28,775
: Changes from: February 27, 2024 (Change in open interest: 24,617) :
: 1,808 11,528 10,190 10,177 210 2,888 1,157 25,062 23,085: -446 1,532
: Percent of Open Interest Represented by Each Category of Trader :
: 9.1 24.0 27.6 29.3 36.9 29.0 6.6 95.0 95.1: 5.0 4.9
: Total Traders: 321 Number of Traders in Each Category :
: 65 89 100 89 90 43 21 258 248:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of March 05, 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 540,921
: Positions :
: 52,002 121,780 136,370 181,076 204,560 121,805 44,909 491,253 507,619: 49,669 33,303
: Changes from: February 27, 2024 (Change in open interest: -71) :
: 4,205 1,223 1,255 -7,705 -569 3,049 1,875 804 3,784: -875 -3,855
: Percent of Open Interest Represented by Each Category of Trader :
: 9.6 22.5 25.2 33.5 37.8 22.5 8.3 90.8 93.8: 9.2 6.2
: Total Traders: 349 Number of Traders in Each Category :
: 58 87 97 130 106 42 22 294 261:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Palm Oil was higher last week on production problems in Southeast Asia and as the export pace is expected to really improve. Domestic biofuels demand is also likely to improve. Ideas of weaker production ideas against good demand still support the market overall. The fundamentals of average demand against a weaker supply outlook are still around to keep prices supported. Trends are mixed on the daily charts and on the weekly charts. Canola was higher with Chicago and Malaysia. There are still forecasts for better rains in Argentina after a dry spell ends in a week or so and improving weather in Brazil. 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.
Overnight News:
Chart Analysis: Trends in Canola are mixed. Support is at 594.00, 585.00, and 576.00 May, with resistance at 610.00, 618.00, and 621.00 May. Trends in Palm Oil are up with objectives of 4150 May. Support is at 5080, 4000, and 3960 May, with resistance at 4140, 4170, and 4200 May.

DJ Malaysia March 1-10 Palm Oil Exports Rose 6.2% on Month to 325,543 Tons, AmSpec Says
By Ying Xian Wong
Malaysia’s palm oil exports during the March 1-10 period are estimated to have risen 6.2% on month at 325,543 metric tons, cargo surveyor AmSpec Agri Malaysia said Monday.
The following are the major items in the AmSpec estimate:
(All figures in metric tons)
March 1-10 February 1-10
RBD Palm Olein 105,710 110,566
RBD Palm Oil 51,080 30,540
RBD Palm Stearin 23,633 21,635
Crude Palm Oil 32,080 78,265
Total* 325,543 306,432
*Palm oil product volumes don’t add up to total as some products aren’t included.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of March 5, 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 39,909 :
: Positions :
: 28,200 16,801 1,000 9,618 1,370 80 880 680 840 2,741 7,719 :
: Changes from: February 27, 2024 :
: -2,890 -4,070 -70 -1,210 -10 80 -480 360 -2,800 -20 -421 :
: Percent of Open Interest Represented by Each Category of Trader :
: 70.7 42.1 2.5 24.1 3.4 0.2 2.2 1.7 2.1 6.9 19.3 :
: Number of Traders in Each Category Total Traders: 31 :
: 8 12 . . . . . . . 9 4 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of March 5, 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 308,986 :
: Positions :
: 256,375 95,180 3,026 3,140 4,335 6,850 161,015 20,579 5,779 12,241 10,029 :
: Changes from: February 27, 2024 :
: 12,736 4,986 -888 235 62 -842 3,036 976 -869 2,005 1,084 :
: Percent of Open Interest Represented by Each Category of Trader :
: 83.0 30.8 1.0 1.0 1.4 2.2 52.1 6.7 1.9 4.0 3.2 :
: Number of Traders in Each Category Total Traders: 319 :
: 56 53 4 6 6 15 103 22 43 60 46 :
—————————————————————————————————————-

Midwest Weather Forecast Mostly dry conditions. Temperatures should average near to above normal.

Corn HRW SRW Soybeans Soybean Meal Soybean Oil
64 Mar 170 Mar
105 Mar
80 Mar

64 Mar 170 Mar 105 Mar 80 Mar

55 May 170 May 100 May 74 May

DJ Malaysian PM Cash Market Prices for Palm Oil – March 11
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
Mar 935.00 +07.50 Unquoted – –
Apr 935.00 +07.50 Unquoted – –
May/Jun 907.50 +12.50 Unquoted – –
Jul/Aug/Sep 852.50 +07.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Mar 942.50 +07.50 Unquoted – –
Apr 942.50 +07.50 Unquoted – _
May/Jun 915.00 +12.50 Unquoted – –
Jul/Aug/Sep 860.00 +07.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Mar 935.00 +05.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Mar 795.00 +05.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Mar 4,230.00 +10.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Mar 279.00 +03.00 Unquoted – –
($1=MYR4.6815)

DJ China Dalian Grain Futures Closing Prices, Volume – Mar 11
Soybean No. 1
Turnover: 91,605 lots, or .43 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Mar-24 – – – 4,638 4,638 4,638 0 0 248
May-24 4,668 4,683 4,651 4,672 4,665 4,669 4 79,214 137,936
Jul-24 4,610 4,627 4,602 4,621 4,612 4,616 4 6,250 29,369
Sep-24 4,585 4,600 4,576 4,592 4,583 4,589 6 5,132 19,715
Nov-24 4,551 4,565 4,543 4,560 4,547 4,557 10 381 3,629
Jan-25 4,540 4,556 4,527 4,551 4,536 4,544 8 628 3,947
Corn
Turnover: 688,681 lots, or 16.76 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Mar-24 – – – 2,405 2,405 2,405 0 0 2,659
May-24 2,444 2,445 2,423 2,428 2,451 2,431 -20 572,919 921,279
Jul-24 2,460 2,465 2,444 2,445 2,471 2,451 -20 65,547 231,594
Sep-24 2,454 2,454 2,436 2,436 2,458 2,442 -16 40,718 180,492
Nov-24 2,418 2,418 2,401 2,402 2,421 2,407 -14 5,984 20,842
Jan-25 2,408 2,408 2,393 2,393 2,410 2,399 -11 3,513 10,288
Soymeal
Turnover: 2,278,167 lots, or 73.63 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Mar-24 3,320 3,320 3,320 3,320 3,216 3,320 104 10 1,341
May-24 3,218 3,263 3,186 3,214 3,185 3,220 35 1,561,018 1,551,957
Jul-24 3,223 3,261 3,190 3,213 3,195 3,219 24 71,562 144,206
Aug-24 3,273 3,309 3,244 3,266 3,253 3,269 16 9,139 31,749
Sep-24 3,257 3,302 3,238 3,262 3,243 3,262 19 555,280 962,946
Nov-24 3,254 3,294 3,232 3,253 3,239 3,255 16 8,184 38,379
Dec-24 3,279 3,323 3,264 3,283 3,274 3,286 12 1,900 10,099
Jan-25 3,248 3,295 3,236 3,258 3,246 3,255 9 71,074 133,056
Palm Oil
Turnover: 634,109 lots, or 48.70 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Mar-24 – – – 7,700 7,700 7,700 0 0 4,111
Apr-24 7,944 7,970 7,886 7,926 7,904 7,934 30 898 2,922
May-24 7,770 7,806 7,728 7,768 7,750 7,768 18 522,939 498,609
Jun-24 7,608 7,628 7,564 7,598 7,604 7,598 -6 813 2,662
Jul-24 7,480 7,496 7,440 7,476 7,488 7,466 -22 353 3,253
Aug-24 7,384 7,384 7,334 7,354 7,390 7,360 -30 246 755
Sep-24 7,280 7,292 7,224 7,264 7,290 7,254 -36 105,737 144,640
Oct-24 7,180 7,196 7,150 7,176 7,204 7,174 -30 156 463
Nov-24 7,132 7,140 7,082 7,116 7,142 7,116 -26 132 613
Dec-24 7,076 7,096 7,040 7,064 7,088 7,074 -14 60 156
Jan-25 7,038 7,052 6,988 7,018 7,042 7,020 -22 2,665 4,225
Feb-25 7,026 7,030 6,978 7,012 7,030 7,010 -20 110 187
Soybean Oil
Turnover: 522,714 lots or 39.63 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Mar-24 – – – 7,502 7,502 7,502 0 0 625
May-24 7,606 7,650 7,586 7,614 7,584 7,612 28 390,687 580,930
Jul-24 7,524 7,568 7,512 7,522 7,536 7,528 -8 4,676 16,432
Aug-24 7,520 7,546 7,492 7,504 7,522 7,510 -12 2,091 6,102
Sep-24 7,498 7,514 7,460 7,470 7,486 7,486 0 116,484 228,904
Nov-24 7,468 7,486 7,434 7,456 7,468 7,464 -4 1,137 7,262
Dec-24 7,514 7,558 7,478 7,534 7,524 7,526 2 149 1,692
Jan-25 7,488 7,534 7,444 7,494 7,478 7,500 22 7,490 11,201
Notes:
1) Unit is Chinese yuan a metric ton;
2) Ch. is day’s settlement minus previous settlement;
3) Volume and open interest are in lots;
4) One lot is equivalent to 10 metric tons.
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Questions? Ask Jack Scoville today at 312-264-4322