Grains Report 05/13/2024

DJ CBOT Delivery Intentions: Totals – May 13
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL May May 14, 2024 7 May 09, 2024
SOYBEAN OIL May May 14, 2024 124 May 10, 2024
ROUGH RICE May May 14, 2024 5 Apr 30, 2024
CORN May May 14, 2024 42 May 03, 2024
OATS May May 14, 2024 8 May 09, 2024
SOYBEAN May May 14, 2024 1 May 06, 2024
WHEAT May May 14, 2024 57 May 10, 2024

DJ USDA Report: Summary for U.S. Agriculture Supply, Demand
WASHINGTON–The following are key numbers from USDA’s crop report and
how the government’s estimates compared to analysts’ forecasts in a
Wall Street Journal survey.
U.S. Corn, Soybean Production (million bushels)
Friday’s
Estimate Average Range
Corn 14,860 14,897 14,720-15,342
Soybean 4,450 4,430 4,165-4,496
***
U.S. Stockpiles (million bushels)
2023-24 Friday’s
Estimate Average Range USDA April
Corn 2,022 2,098 1,967-2,350 2,122
Soybeans 340 341 304-365 340
Wheat 688 689 598-710 698
2024-25 Friday’s
Estimate Average Range USDA April
Corn 2,102 2,256 2,032-2,513 na
Soybeans 445 432 315-552 na
Wheat 766 786 652-862 na
***
World Stockpiles (million metric tons)
2023-24 Friday’s
Estimate Average Range USDA April
Corn 313.1 315.3 311.0-317.2 318.3
Soybeans 111.8 112.4 109.0-115.0 114.2
Wheat 257.8 258.1 257.0-259.5 258.3
2024-25 Friday’s
Estimate Average Range USDA April
Corn 312.3 317.4 312.0-321.2 na
Soybeans 128.5 120.0 109.5-130.2 na
Wheat 253.6 256.9 241.8-264.4 na
***
2024-25 Wheat Production (million bushels)
Friday’s Average Range
Estimate
All Wheat 1.811 1,889 1,775-1,952
Winter Wheat 1.288 1,305 1,210-1,395
Hard Red Winter 0.785 674 560-775
Soft Red Winter 0.344 413 343-486
White Winter 0.229 210 190-224
***
2023-24 Brazil Production (million metric tons)
Friday’s
Estimate Average Range USDA April
Corn 122.0 122.5 120.0-125.6 124.0
Soybeans 154.0 152.6 147.0-155.0 155.0
2023-24 Argentina Production (million metric tons)
Friday’s
Estimate Average Range USDA April
Corn 53.0 52.0 50.0-55.0 55.0
Soybeans 50.0 49.5 48.0-50.0 50.0

WHEAT
General Comments: Wheat was higher last week on reports of frosts and freezing temperatures in Russian growing areas Reports indicate that Russia will still have plenty of Wheat for export in the coming year. USDA issued its latest reports on Friday and included a field survey of Winter Wheat production. Winter Wheat production was estimated at 1.288 billion bushels which was a little below the average trade estimate. Ending stocks for Wheat were also below the trade estimate at 766 million bushels. The weather is still a key, with extreme dryness reported in Russia and parts of the US and too wet conditions reported in Europe. The weekly export sales report showed poor sales once again and sales are not likely to improve anytime soon with the Dollar strength. Big world supplies and low world prices are still around. Export sales remain weak on competition from Russia, Ukraine, and the EU as those countries look to export a lot of Wheat in the coming period. Black Sea offers are still plentiful, but Russia has been bombing Ukraine again and shipments might be hurt from that origin.
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 above normal. The Canadian Prairies should see mostly dry conditions. Temperatures should average above normal.
Chart Analysis: Trends in Chicago are mixed. Support is at 610, 596, and 593 July, with resistance at 661, 667, and 673 July. Trends in Kansas City are up with no objectives. Support is at 664, 637, and 630 July, with resistance at 682, 688, and 604 July. Trends in Minneapolis are up with objectives of 747 July. Support is at 697, 686, and 671 July, and resistance is at 733, 738, and 746 July.

COT — Supplemental Report – Option and Futures Combined Positions as of May 07, 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 448,731
: Positions :
: 39,538 118,620 142,563 72,845 99,913 165,927 49,752 420,874 410,849: 27,857 37,882
: Changes from: April 30, 2024 (Change in open interest: 25,111) :
: 362 -6,455 19,179 4,717 7,255 2,097 4,929 26,356 24,908: -1,245 204
: Percent of Open Interest Represented by Each Category of Trader :
: 8.8 26.4 31.8 16.2 22.3 37.0 11.1 93.8 91.6: 6.2 8.4
: Total Traders: 347 Number of Traders in Each Category :
: 64 116 116 79 94 46 34 271 288:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of May 07, 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 258,893
: Positions :
: 19,815 64,250 67,590 58,536 86,185 96,477 17,390 242,418 235,415: 16,475 23,477
: Changes from: April 30, 2024 (Change in open interest: 4,715) :
: 171 -3,396 3,310 -564 5,243 775 -1,818 3,693 3,339: 1,023 1,377
: Percent of Open Interest Represented by Each Category of Trader :
: 7.7 24.8 26.1 22.6 33.3 37.3 6.7 93.6 90.9: 6.4 9.1
: Total Traders: 227 Number of Traders in Each Category :
: 39 62 60 65 70 41 24 182 180:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 7, 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 50,303 :
: Positions :
: 21,820 22,339 3,661 391 522 8,599 11,609 2,586 2,561 266 2,125 :
: Changes from: April 30, 2024 :
: -2,156 4,389 852 123 125 -526 -6,810 113 288 102 -137 :
: Percent of Open Interest Represented by Each Category of Trader :
: 43.4 44.4 7.3 0.8 1.0 17.1 23.1 5.1 5.1 0.5 4.2 :
: Number of Traders in Each Category Total Traders: 95 :
: 43 35 4 . . 12 17 12 7 . 5 :
—————————————————————————————————————-

RICE
General Comments: Rice closed higher and near recent highs last week. The futures market overall remained in a short term trading range. Support comes from adverse weather in South American growing areas while new selling is noted from the potential for a big crop in the US. The big US crops are now in doubt from reports of extreme rains in southern growing areas and especially near Houston. Supply tightness is expected to give way to increased production this year and greatly increased supplies this Fall. These ideas are reflected in the prices seen in the cold crop and the new crop.
Overnight News:
Chart Analysis: Trends are down with no objectives. Support is at 1873, 1835, and 1827 July and resistance is at 1955, 1972, and 1984 July.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 7, 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 9,851 :
: Positions :
: 3,359 7,514 189 0 0 2,208 410 5 1,426 193 643 :
: Changes from: April 30, 2024 :
: 5 356 20 0 0 -184 -53 -2 476 21 19 :
: Percent of Open Interest Represented by Each Category of Trader :
: 34.1 76.3 1.9 0.0 0.0 22.4 4.2 0.1 14.5 2.0 6.5 :
: Number of Traders in Each Category Total Traders: 53 :
: 19 19 . 0 0 11 . . 10 4 7 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn and Oats closed higher last week in reaction to the USDA reports. USDA estimated high production at 14.860 billion bushels, but ending stocks were a little below trade expectations at 2.102 billion bushels. USDQ anticipates better demand for US Corn with the cheaper prices seen now. USDA made no real changes to South American production estimates. The Argentine crop has been hit by stunting disease that robs yields and the Brazil Winter crop is suffering from hot and dry weather. Demand has been the driving force behind the rally but now South American weather is the driving force. Increased demand was noted in most domestic categories along with rising basis levels, and export demand has been strong. Ethanol demand has turned less due to weaker petroleum prices seen lately. There is very dry weather for the Winter crops in central and northern Brazil
Overnight News:
Chart Analysis: Trends in Corn are up with objectives of 470 July. Support is at 462, 454, and 450 July, and resistance is at 473, 477, and 483 July. Trends in Oats are up with objectives of 428 July. Support is at 400, 390, and 383 July, and resistance is at 420, 426, and 432 July.

COT — Supplemental Report – Option and Futures Combined Positions as of May 07, 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 1,895,082
: Positions :
: 146,083 284,939 582,499 473,777 628,298 499,746 179,158 1,702,106 1,674,895: 192,977 220,188
: Changes from: April 30, 2024 (Change in open interest: 89,409) :
: 24,985 -66,410 43,166 -1,075 110,202 15,891 -14,131 82,967 72,827: 6,442 16,583
: Percent of Open Interest Represented by Each Category of Trader :
: 7.7 15.0 30.7 25.0 33.2 26.4 9.5 89.8 88.4: 10.2 11.6
: Total Traders: 782 Number of Traders in Each Category :
: 132 146 197 348 349 53 41 646 642:
——————————————————————————————————————-

SOYBEANS
General Comments: Soybeans and the products closed a little higher, mostly on reports of severe flooding in southern Brazil. Support for Soybeans came from reports of excessive rains falling on unharvested crops in southern Brazil. Rains up to 400 mm were reported by newswires. USDA released its first estimates for the coming crop year and held production potential at high levels at 4.450 billion bush3els. Export and domestic demand were increased but ending stocks also were estimated higher qt 450 million bushels. Futures rallied anyway and the rally on what appeared to be negative news can often mean that higher prices are coming this week and for the next couple of weeks. Domestic demand has been strong in the US but has suffered as crushers were crushing for oil. Oil demand has suffered as cheaper alternatives for feedstocks hit the bio fuels market. Funds remain short in the market.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed. Support is at 1204, 1192, and 1187 July, and resistance is at 1250, 1256, and 1260 July. Trends in Soybean Meal are mixed. Support is at 366.00, 361.00, and 350.00 July, and resistance is at 368.00, 388.00, and 390.00 July. Trends in Soybean Oil are mixed. Support is at 4260, 4200, and 4140 July, with resistance at 4530, 4610, and 4690 July.

COT — Supplemental Report – Option and Futures Combined Positions as of May 07, 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 954,273
: Positions :
: 65,728 145,739 284,279 340,087 386,491 204,749 61,563 894,844 878,072: 59,430 76,202
: Changes from: April 30, 2024 (Change in open interest: 43,105) :
: 22,043 -60,019 35,130 -27,941 69,964 13,322 -10,276 42,554 34,798: 551 8,307
: Percent of Open Interest Represented by Each Category of Trader :
: 6.9 15.3 29.8 35.6 40.5 21.5 6.5 93.8 92.0: 6.2 8.0
: Total Traders: 550 Number of Traders in Each Category :
: 111 149 176 182 202 52 31 450 459:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of May 07, 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 591,931
: Positions :
: 60,314 144,019 133,960 195,339 241,699 170,093 42,648 559,707 562,328: 32,225 29,604
: Changes from: April 30, 2024 (Change in open interest: -1,016) :
: 2,734 -1,941 -6,419 2,543 7,009 1,163 1,359 21 7: -1,037 -1,023
: Percent of Open Interest Represented by Each Category of Trader :
: 10.2 24.3 22.6 33.0 40.8 28.7 7.2 94.6 95.0: 5.4 5.0
: Total Traders: 344 Number of Traders in Each Category :
: 79 89 100 94 91 45 24 272 258:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of May 07, 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 526,380
: Positions :
: 91,946 48,527 124,306 122,453 302,308 135,941 21,881 474,646 497,022: 51,734 29,358
: Changes from: April 30, 2024 (Change in open interest: 27,437) :
: 5,231 -31,921 19,956 -8,753 42,776 6,546 -3,935 22,980 26,876: 4,457 561
: Percent of Open Interest Represented by Each Category of Trader :
: 17.5 9.2 23.6 23.3 57.4 25.8 4.2 90.2 94.4: 9.8 5.6
: Total Traders: 359 Number of Traders in Each Category :
: 82 79 91 118 127 43 23 293 271:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Palm Oil was lower on ideas of weaker bio fuels demand despite reports of strong demand from India and reports of reduced production. It qwas higher today along with Chicago. Trends are down on the daily and weekly charts. Canola was higher despite weaker prices in world vegetable oils markets as the market pays attention to Chicago price action and the flooding in Brazil. Farmers concentrate on fieldwork and not selling.
Overnight News:
Chart Analysis: Trends in Canola are mixed to up with objectives of 688.00 and 723.00 July. Support is at 647.00, 639.00, and 616.00 July, with resistance at 672.00, 679.00, and 589.00 July. Trends in Palm Oil are mixed to down with objectives of 3650 July. Support is at 3740, 3700, and 3660 July, with resistance at 3870, 3930, and 4020 July.

DJ Malaysia May 1-10 Palm Oil Exports Fell 15% on Month to 362,790 Tons, AmSpec Says
By Ying Xian Wong
Malaysia’s palm oil exports during the May 1-10 period are estimated down 15% on month at 362,790 metric tons, cargo surveyor AmSpec Agri Malaysia said Friday.
The following are the major items in the AmSpec estimate:
(All figures in metric tons)
May 1-10 April 1-9
RBD Palm Olein 68,865 137,993
RBD Palm Oil 23,997 81,845
RBD Palm Stearin 20,131 30,386
Crude Palm Oil 77,766 58,465
Total* 362,790 425,603
*Palm oil product volumes don’t add up to total as some products aren’t included.

DJ Malaysia’s April Palm Oil Exports 1.23M Tons; Down 7%, MPOB Says
Malaysia’s palm oil exports were down 7% on month at 1.23 million metric tons in April, the Malaysian Palm Oil Board said.
The following are details of the April crop data and revised numbers for March, issued by MPOB:
April March Change
On Month
Crude Palm Oil Output 1,501,941 1,392,471 Up 7.86%
Palm Oil Exports 1,234,208 1,326,666 Dn 6.97%
Palm Kernel Oil Exports 80,335 82,389 Dn 2.49%
Palm Oil Imports 34,762 21,894 Up 58.77%
Closing Stocks 1,744,459 1,712,719 Up 1.85%
Crude Palm Oil 963,524 796,584 Up 20.96%
Processed Palm Oil 780,935 916,135 Dn 14.76%

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 7, 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 44,150 :
: Positions :
: 35,430 14,350 1,050 15,490 50 560 2,590 80 840 5,450 6,130 :
: Changes from: April 30, 2024 :
: -3,510 -360 -90 -1,120 -20 -120 -1,240 -120 80 -1,120 160 :
: Percent of Open Interest Represented by Each Category of Trader :
: 80.2 32.5 2.4 35.1 0.1 1.3 5.9 0.2 1.9 12.3 13.9 :
: Number of Traders in Each Category Total Traders: 29 :
: 7 10 . 4 . . . . . 7 . :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 7, 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 238,720 :
: Positions :
: 182,534 113,425 5,065 8,019 1,852 9,119 80,632 18,545 13,791 8,607 5,962 :
: Changes from: April 30, 2024 :
: -21,533 20,819 859 955 -73 5,370 -30,231 114 4,651 -1,679 -164 :
: Percent of Open Interest Represented by Each Category of Trader :
: 76.5 47.5 2.1 3.4 0.8 3.8 33.8 7.8 5.8 3.6 2.5 :
: Number of Traders in Each Category Total Traders: 314 :
: 64 56 4 5 6 26 65 26 67 59 46 :
—————————————————————————————————————-

Midwest Weather Forecast Scattered showers and storms. Temperatures should average near to above normal.

Corn HRW SRW Soybeans Soybean Meal Soybean Oil
May 55 May 150 May
50 May
60 May

June 48 July 135 July 40 July 54 July

July 50 July 135 July 40 July 60 July

DJ Malaysian PM Cash Market Prices for Palm Oil – May 13
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
May 855.00 +05.00 Unquoted – –
Jun 852.50 +05.00 Unquoted – –
Jul/Aug/Sep 850.00 +12.50 Unquoted – –
Oct/Nov/Dec 862.50 +20.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
May 860.00 +05.00 Unquoted – –
Jun 857.50 +05.00 Unquoted – –
Jul/Aug/Sep 855.00 +12.50 Unquoted – –
Oct/Nov/Dec 867.50 +20.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
May 887.50 +07.50 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
May 812.50 +12.50 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
May 3,940.00 +30.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
May 295.00 +03.00 Unquoted – –
($1=MYR4.7455)

DJ China Dalian Grain Futures Closing Prices, Volume – May 13
Soybean No. 1
Turnover: 115,139 lots, or 5.29 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-24 4,614 4,660 4,611 4,660 4,645 4,637 -8 48 632
Jul-24 4,591 4,611 4,581 4,606 4,630 4,593 -37 89,657 123,537
Sep-24 4,595 4,607 4,577 4,602 4,622 4,590 -32 20,960 43,240
Nov-24 4,565 4,578 4,549 4,572 4,584 4,563 -21 1,594 5,150
Jan-25 4,555 4,566 4,539 4,562 4,571 4,550 -21 2,582 8,569
Mar-25 4,546 4,559 4,534 4,555 4,571 4,543 -28 298 809
Corn
Turnover: 688,521 lots, or 16.89 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-24 2,417 2,426 2,409 2,409 2,417 2,416 -1 1,846 19,312
Jul-24 2,455 2,462 2,441 2,448 2,446 2,451 5 467,080 688,074
Sep-24 2,474 2,481 2,465 2,472 2,466 2,473 7 148,247 394,671
Nov-24 2,421 2,431 2,415 2,420 2,419 2,423 4 35,038 183,727
Jan-25 2,408 2,417 2,401 2,405 2,404 2,410 6 25,753 110,311
Mar-25 2,415 2,422 2,407 2,410 2,409 2,415 6 10,557 22,955
Soymeal
Turnover: 1,651,753 lots, or 58.36 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-24 3,411 3,464 3,411 3,464 3,411 3,415 4 12 2,723
Jul-24 3,451 3,488 3,449 3,483 3,458 3,467 9 52,652 142,191
Aug-24 3,523 3,561 3,520 3,555 3,535 3,539 4 15,328 68,111
Sep-24 3,524 3,564 3,520 3,559 3,536 3,542 6 1,394,072 2,284,946
Nov-24 3,525 3,563 3,522 3,562 3,533 3,543 10 58,912 230,766
Dec-24 3,502 3,536 3,497 3,529 3,525 3,517 -8 8,378 32,509
Jan-25 3,446 3,485 3,444 3,475 3,460 3,462 2 111,337 340,275
Mar-25 3,275 3,304 3,270 3,295 3,292 3,286 -6 11,062 28,337
Palm Oil
Turnover: 725,836 lots, or 53.54 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-24 7,650 7,670 7,650 7,670 7,622 7,662 40 11 1,337
Jun-24 7,402 7,532 7,366 7,520 7,452 7,452 0 9,221 6,150
Jul-24 7,340 7,476 7,310 7,466 7,370 7,408 38 7,843 7,172
Aug-24 7,310 7,458 7,288 7,458 7,360 7,384 24 665 1,133
Sep-24 7,300 7,464 7,270 7,454 7,326 7,372 46 662,026 534,234
Oct-24 7,286 7,454 7,270 7,438 7,332 7,384 52 284 472
Nov-24 7,322 7,454 7,270 7,440 7,322 7,392 70 114 721
Dec-24 7,288 7,464 7,284 7,440 7,312 7,386 74 87 538
Jan-25 7,298 7,476 7,286 7,448 7,300 7,394 94 45,020 97,975
Feb-25 7,386 7,494 7,352 7,466 7,386 7,412 26 47 175
Mar-25 7,370 7,542 7,362 7,500 7,370 7,476 106 486 2,496
Apr-25 7,372 7,538 7,372 7,538 7,350 7,452 102 32 72
Soybean Oil
Turnover: 522,133 lots, or 40.04 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-24 7,518 7,518 7,518 7,518 7,518 7,518 0 19 2,022
Jul-24 7,510 7,660 7,496 7,646 7,546 7,588 42 5,654 21,074
Aug-24 7,578 7,712 7,534 7,704 7,582 7,608 26 556 15,479
Sep-24 7,570 7,746 7,562 7,736 7,610 7,662 52 475,517 750,656
Nov-24 7,596 7,772 7,588 7,764 7,628 7,696 68 1,636 8,774
Dec-24 7,688 7,838 7,664 7,828 7,694 7,774 80 139 1,908
Jan-25 7,672 7,840 7,648 7,828 7,692 7,750 58 37,943 132,641
Mar-25 7,622 7,784 7,614 7,772 7,634 7,710 76 669 3,660
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