Grains Report 07/15/2024

DJ CBOT Delivery Intentions: Totals – Jul 15
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL July Jul 16, 2024 40 Jul 02, 2024
SOYBEAN OIL July Jul 16, 2024 220 Jul 12, 2024
ROUGH RICE July Jul 16, 2024 115 Jul 02, 2024
CORN July Jul 16, 2024 111 Jul 12, 2024
SOYBEAN July Jul 16, 2024 32 Jul 10, 2024
WHEAT July Jul 16, 2024 79 Jul 12, 2024

DJ USDA Report: Summary for U.S. Agriculture Supply, Demand Report
Note: Resending to include Wheat Data
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. 2024 Production, Yield (million bushels, bushels per acre)
Friday’s
Estimate Average Range USDA June
Corn Production 15,100 15,060 14,857-15,232 14,860
Soybean Production 4,435 4,416 4,335-4,436 4,450
Friday’s
Estimate Average Range USDA June
Corn Yield 181.0 * 180.7 179.5-181.0 181.0
Soybean Yield 52.0 ** 51.9 51.0-52.0 52.0
***
U.S. Stockpiles (million bushels)
2023-24
Friday’s
Estimate Average Range USDA June
Corn 1,877 2,041 1,917-2,126 2,022
Soybeans 345 353 329-377 350
Wheat 702 698 680-708 688
2024-25
Friday’s
Estimate Average Range USDA June
Corn 2,097 2,272 2,124-2,498 2,102
Soybeans 435 445 350-507 455
Wheat 856 793 750-863 758
***
World Stockpiles (million metric tons)
2023-24
Friday’s
Estimate Average Range USDA June
Corn 309.1 312.0 308.5-314.3 312.4
Soybeans 111.3 110.9 109.1-112.5 111.1
Wheat 261.0 259.9 259.0-260.4 259.6
2024-25
Friday’s
Estimate Average Range USDA June
Corn 311.6 312.0 309.7-315.0 310.8
Soybeans 127.8 127.1 125.5-128.1 127.9
Wheat 257.2 252.6 250.0-256.0 252.3
***
2024-25 Wheat Production (million bushels)
Friday’s
Estimate Average Range USDA June
All Wheat 2,008 1,913 1,865-1,999 1,875
Winter Wheat 1,341 1,317 1,280-1,363 1,295
Hard Red Winter 763 745 716-793 726
Soft Red Winter 344 344 328-355 342
White Winter 234 227 220-240 226
Other Spring 578 525 505-553 N/A
Durum 89 71 50-85 N/A
2023-24 Brazil Corn, Soybean Production (million metric tons)
Friday’s
Estimate Average Range USDA June
Corn 122.0 121.3 120.0-122.0 122.0
Soybeans 153.0 152.1 149.0-153.0 153.0
2023-24 Argentina Corn, Soybean Production (million metric tons)
Friday’s
Estimate Average Range USDA June
Corn 52.0 51.4 48.0-53.0 53.0
Soybeans 49.5 50.0 49.5-50.0 50.0

WHEAT
General Comments: Wheat was lower in all three markets last week with selling seen again on Friday due to increased Winter Wheat production estimates from USDA. The production data helped push ending stocks estimates above trade expectations. US harvest progress and ideas of good yields and crops went against reports of hot and dry weather in eastern Europe and Russia and too wet weather in France are still heard and the weather there affecting world production estimates. Russia is likely to expand the war and has reportedly started to make some threats against the US and NATO countries. The US harvest is expanding through Kansas and is now more than 50% complete for the country as a whole and adverse world growing conditions are still around. There were more reports of hot temperatures coming this week to Russian growing areas. It has also been very dry there. Eastern Europe is also hot and dry. Western Europe has seen too much rain.
Overnight News:
Chart Analysis: Trends in Chicago are mixed. Support is at 550, 544, and 538 September, with resistance at 581, 592, and 600 September. Trends in Kansas City are mixed. Support is at 552, 546, and 540 September, with resistance at 590, 601, and 615 September. Trends in Minneapolis are down with no objectives. Support is at 596, 590, and 584 September, and resistance is at 628, 636, and 646 September.

COT — Supplemental Report – Option and Futures Combined Positions as of July 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 485,536
: Positions :
: 57,270 147,147 139,570 102,694 100,868 150,047 58,266 449,580 445,851: 35,956 39,685
: Changes from: July 2, 2024 (Change in open interest: 13,052) :
: -1,009 -3,712 8,964 -292 3,592 4,506 3,865 12,169 12,709: 883 343
: Percent of Open Interest Represented by Each Category of Trader :
: 11.8 30.3 28.7 21.2 20.8 30.9 12.0 92.6 91.8: 7.4 8.2
: Total Traders: 399 Number of Traders in Each Category :
: 85 115 114 112 113 48 33 311 315:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of July 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 253,920
: Positions :
: 27,952 72,546 48,586 66,370 78,045 92,744 31,020 235,652 230,197: 18,269 23,723
: Changes from: July 2, 2024 (Change in open interest: 798) :
: -3,306 -5,621 2,779 -408 -1,385 1,338 2,405 402 -1,822: 395 2,620
: Percent of Open Interest Represented by Each Category of Trader :
: 11.0 28.6 19.1 26.1 30.7 36.5 12.2 92.8 90.7: 7.2 9.3
: Total Traders: 246 Number of Traders in Each Category :
: 52 54 60 79 72 37 22 198 181:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of July 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 80,011 :
: Positions :
: 44,227 24,320 3,840 0 55 10,420 34,143 5,940 1,751 583 2,970 :
: Changes from: July 2, 2024 :
: 1,899 1,064 503 0 0 854 2,122 493 -288 5 -46 :
: Percent of Open Interest Represented by Each Category of Trader :
: 55.3 30.4 4.8 0.0 0.1 13.0 42.7 7.4 2.2 0.7 3.7 :
: Number of Traders in Each Category Total Traders: 117 :
: 55 40 7 0 . 15 21 8 8 4 6 :
—————————————————————————————————————-

RICE
General Comments: Rice closed sharply higher in July, but a little lower in the new crop months as the market thinks there will be no supply problem next year dye to better growing conditions and increased planted area. Hurricane Beryl has passed by but hit growing areas with the damaging parts of the storm in and around the Houston area. The system has brought beneficial rains to Arkansas and other parts of the Delta. The US weather has been an issue much of the growing season with too much rain early in the year and now a hurricane that dropped big amounts of rain on cops again along with some high winds. Inland Texas areas could also see too much rain. Supply tightness is expected to give way to increased production this year and greatly increased supplies this Fall.
Overnight News:
Chart Analysis Trends are down with no objectives. Support is at 1451, 1441, and 1428 September and resistance is at 1498, 1611, and 1518 September

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of July 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 9,374 :
: Positions :
: 4,619 5,488 0 100 0 1,164 1,638 0 945 318 681 :
: Changes from: July 2, 2024 :
: 896 -114 0 100 0 48 507 0 -140 211 101 :
: Percent of Open Interest Represented by Each Category of Trader :
: 49.3 58.5 0.0 1.1 0.0 12.4 17.5 0.0 10.1 3.4 7.3 :
: Number of Traders in Each Category Total Traders: 54 :
: 21 18 0 . 0 8 6 0 7 5 5 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn closed lower last week and Oats closed higher. The WASDE reports featured no real surprises as Corn production was increased due to increased planted area. Demand was higher, so ending stocks were slightly less than last month. Hurricane Beryl brought beneficial precipitation to the southern and eastern Midwest. Current forecasts call for hotter and drier weather for the Midwest this week. Weakness was based on hopes for improved crop condition ratings to be released on Monday afternoon. The US weather features moderate temperatures and increasing chances for rains. Northern areas such as southern Minnesota that have had way too much rain and flooding is still reported.
Overnight News:
Chart Analysis: Trends in Corn are down with no objectives. Support is at 391, 388, and 385 September, and resistance is at 403, 412, and 426 September. Trends in Oats are mixed. Support is at 301, 296, and 290 September, and resistance is at 324, 327, and 331 September

COT — Supplemental Report – Option and Futures Combined Positions as of July 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 2,038,166
: Positions :
: 134,938 456,019 652,275 599,824 494,789 456,562 212,356 1,843,598 1,815,438: 194,568 222,728
: Changes from: July 2, 2024 (Change in open interest: 64,691) :
: 3,087 18,564 25,760 23,174 4,462 12,582 9,510 64,603 58,297: 88 6,394
: Percent of Open Interest Represented by Each Category of Trader :
: 6.6 22.4 32.0 29.4 24.3 22.4 10.4 90.5 89.1: 9.5 10.9
: Total Traders: 819 Number of Traders in Each Category :
: 156 168 219 369 329 53 42 698 662:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of July 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 :
—————————————————————————————————————-
OATS – CHICAGO BOARD OF TRADE (CONTRACTS OF 5,000 BUSHELS) :
CFTC Code #004603 Open Interest is 5,383 :
: Positions :
: 1,882 1,893 212 178 7 0 1,324 0 625 436 90 :
: Changes from: July 2, 2024 :
: -21 -196 36 6 -1 -192 152 0 34 151 -7 :
: Percent of Open Interest Represented by Each Category of Trader :
: 35.0 35.2 3.9 3.3 0.1 0.0 24.6 0.0 11.6 8.1 1.7 :
: Number of Traders in Each Category Total Traders: 26 :
: 8 8 . . . 0 5 0 4 4 . :
—————————————————————————————————————-

SOYBEANS
General Comments: Soybeans and the products closed lower last week as the weathr improved. Hurricane Beryl brought beneficial precipitation to areas of the southern and eastern Midwest where conditions have been too dry until now. Northern and western areas should turn drier which is also beneficial for crops. USDA issued its latest WASDE estimates on Friday and Soybeans could not hold a rally attempt even with the data showing less than expected ending stocks due primarily to increased domestic use. Production was in line with projections as USDA used the new acreage estimates released at the end of June and trend line yield estimates as expected. Reports indicate that China remains an active buyer of Soybeans in Brazil but has cut back and increased purchases from the US on demand due to the tax issues in Brazil and on Brazil logistical concerns. 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 biofuels market.
Overnight News:
Chart Analysis: Trends in Soybeans are down with objectives of 1094 August. Support is at 1103, 1092, and 1080 August, and resistance is at 1130, 1151, and 1170 August. Trends in Soybean Meal are down with objectives of 334.00 and 318.00 August. Support is at 336.00, 334.00, and 331.00 August, and resistance is at 344.00, 351.00, and 359.00 August. Trends in Soybean Oil are up with objectives of 4660 and 4890 August. Support is at 4510, 4440, and 4390 August, with resistance at 5030, 5090, and 6050 August.

COT — Supplemental Report – Option and Futures Combined Positions as of July 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 1,043,919
: Positions :
: 54,248 230,020 291,951 446,990 359,034 194,581 90,676 987,769 971,681: 56,150 72,239
: Changes from: July 2, 2024 (Change in open interest: 60,847) :
: -218 29,278 21,612 39,862 301 597 6,322 61,854 57,514: -1,007 3,333
: Percent of Open Interest Represented by Each Category of Trader :
: 5.2 22.0 28.0 42.8 34.4 18.6 8.7 94.6 93.1: 5.4 6.9
: Total Traders: 557 Number of Traders in Each Category :
: 111 160 174 194 194 49 28 460 460:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of July 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 594,223
: Positions :
: 63,749 102,181 151,417 195,202 290,372 153,247 23,484 563,615 567,455: 30,608 26,768
: Changes from: July 2, 2024 (Change in open interest: -14,926) :
: -4,243 -38,901 11,343 -14,817 23,296 -4,796 -8,876 -12,514 -13,139: -2,412 -1,787
: Percent of Open Interest Represented by Each Category of Trader :
: 10.7 17.2 25.5 32.8 48.9 25.8 4.0 94.8 95.5: 5.2 4.5
: Total Traders: 324 Number of Traders in Each Category :
: 74 76 96 102 96 42 26 276 243:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of July 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 579,533
: Positions :
: 96,851 61,474 154,418 146,831 302,448 132,064 31,615 530,165 549,955: 49,368 29,578
: Changes from: July 2, 2024 (Change in open interest: 29,842) :
: -6,857 3,952 13,115 17,574 5,977 4,410 6,163 28,242 29,207: 1,600 635
: Percent of Open Interest Represented by Each Category of Trader :
: 16.7 10.6 26.6 25.3 52.2 22.8 5.5 91.5 94.9: 8.5 5.1
: Total Traders: 338 Number of Traders in Each Category :
: 62 85 99 107 108 43 24 272 271:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Palm Oil was lower last week on ideas oof increasing supplies. It was lower today on ideas of increasing supplies. Reports indicate that production is rising as well. Export demand has been very strong in recent private reports but has been weaker in recent days. There is talk of increased supplies available to the market, and the trends are down on the daily charts. Canola was lower last week as oilseed supplies look to be ample in the coming year. The daily charts show that Canola trends are down.
Overnight News:
Chart Analysis: Trends in Canola are down with objectives of 636.00 and 625.00 November. Support is at 615.00, 599.00, and 591.00 November, with resistance at 648.00, 664.00, and 670.00 November. Trends in Palm Oil are mixed to down with objectives of 3770 and 3630 September. Support is at 3850, 3830, and 3780 September, with resistance at 4000, 4050, and 4090 September.

DJ Malaysia July 1-15 Palm Oil Exports Rose 71.3% on Month to 771,660 Tons, AmSpec Says
By Ying Xian Wong
Malaysia’s palm oil exports during the July 1-15 period are estimated to have risen 71.3% on month to 771,660 metric tons, cargo surveyor AmSpec Agri Malaysia said Monday.
The following are the major items in the AmSpec estimate:
July 1-15 June 1-15
RBD Palm Olein 184,388 173,453
RBD Palm Oil 64,370 48,464
RBD Palm Stearin 65,195 19,653
Crude Palm Oil 238,277 97,176
Total* 771,660 450,513
*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 July 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 42,206 :
: Positions :
: 32,896 13,595 880 15,505 350 640 3,265 0 920 3,091 6,400 :
: Changes from: July 2, 2024 :
: 2,735 655 -240 1,030 10 120 1,000 -75 -200 -180 300 :
: Percent of Open Interest Represented by Each Category of Trader :
: 77.9 32.2 2.1 36.7 0.8 1.5 7.7 0.0 2.2 7.3 15.2 :
: Number of Traders in Each Category Total Traders: 26 :
: 8 10 . 4 . . . 0 . 6 . :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of July 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 276,643 :
: Positions :
: 236,460 92,572 2,268 14,097 313 4,997 135,879 10,676 13,042 12,411 7,813 :
: Changes from: July 2, 2024 :
: 8,401 6,273 -319 2,070 54 -2,182 -4,888 1,682 3,011 4,685 3,631 :
: Percent of Open Interest Represented by Each Category of Trader :
: 85.5 33.5 0.8 5.1 0.1 1.8 49.1 3.9 4.7 4.5 2.8 :
: Number of Traders in Each Category Total Traders: 305 :
: 46 62 . 7 . 10 82 26 46 77 35 :
—————————————————————————————————————-

Midwest Weather Forecast Showers and storms mostly south and east. Temperatures should average below normal.

Corn HRW SRW Soybeans Soybean Meal Soybean Oil
June 58 July 110 July
60 July
69 July

July 69 July 115 July 60 July 70 July

August 62 Sep 120 Sep 35 Sep 82 Aug

DJ Malaysian PM Cash Market Prices for Palm Oil – July 15
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
Jul 892.50 -07.50 Unquoted – –
Aug 890.00 -05.00 Unquoted – –
Sep 882.50 -05.00 Unquoted – –
Oct/Nov/Dec 865.00 -05.00 Unquoted – –
Jan/Feb/Mar 875.00 -07.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Jul 895.00 -07.50 Unquoted – –
Aug 892.50 -05.00 Unquoted – –
Sep 885.00 -05.00 Unquoted – –
Oct/Nov/Dec 867.50 -05.00 Unquoted – –
Jan/Feb/Mar 877.50 -07.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Jul 892.50 -05.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Jul 837.50 -05.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jul 4,000.00 -30.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jul 331.00 00.00 Unquoted – –
($1=MYR4.67)

DJ China Dalian Grain Futures Closing Prices, Volume – Jul 15
Soybean No. 1
Turnover: 165,094 lots, or 7.52 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-24 4,607 4,609 4,536 4,548 4,620 4,568 -52 136,656 111,901
Nov-24 4,525 4,531 4,495 4,504 4,537 4,512 -25 6,920 20,112
Jan-25 4,485 4,485 4,444 4,452 4,491 4,464 -27 20,596 39,358
Mar-25 4,463 4,463 4,419 4,421 4,467 4,440 -27 503 2,936
May-25 4,494 4,496 4,445 4,452 4,493 4,471 -22 415 2,677
Jul-25 4,440 4,440 4,435 4,435 4,493 4,437 -56 4 4
Corn
Turnover: 841,409 lots, or 19.99 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-24 2,408 2,414 2,376 2,384 2,415 2,396 -19 592,270 776,250
Nov-24 2,335 2,347 2,317 2,324 2,337 2,330 -7 116,548 309,815
Jan-25 2,324 2,335 2,310 2,313 2,330 2,322 -8 102,651 256,495
Mar-25 2,326 2,335 2,310 2,315 2,332 2,321 -11 18,945 57,580
May-25 2,374 2,376 2,356 2,358 2,377 2,366 -11 2,646 7,075
Jul-25 2,369 2,389 2,363 2,366 2,377 2,369 -8 8,349 1,673
Soymeal
Turnover: 1,943,675 lots, or 60.72 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Aug-24 3,145 3,152 3,070 3,083 3,166 3,106 -60 11,285 52,870
Sep-24 3,170 3,176 3,091 3,105 3,188 3,122 -66 1,374,114 1,554,110
Nov-24 3,201 3,207 3,129 3,141 3,222 3,155 -67 57,718 446,669
Dec-24 3,253 3,254 3,182 3,191 3,271 3,217 -54 7,754 49,441
Jan-25 3,241 3,242 3,171 3,184 3,259 3,194 -65 322,560 774,113
Mar-25 3,064 3,068 3,022 3,028 3,085 3,038 -47 15,697 55,229
May-25 2,998 2,998 2,963 2,967 3,012 2,974 -38 147,918 546,482
Jul-25 2,996 3,005 2,979 2,981 3,012 2,989 -23 6,629 4,543
Palm Oil
Turnover: 818,352 lots, or 62.96 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Aug-24 7,782 7,798 7,672 7,730 7,762 7,736 -26 430 1,767
Sep-24 7,766 7,784 7,638 7,718 7,754 7,708 -46 708,922 372,035
Oct-24 7,732 7,748 7,608 7,664 7,732 7,668 -64 2,422 2,962
Nov-24 7,694 7,724 7,590 7,632 7,702 7,646 -56 235 456
Dec-24 7,684 7,702 7,564 7,610 7,694 7,622 -72 95 298
Jan-25 7,636 7,678 7,534 7,580 7,660 7,594 -66 94,640 234,226
Feb-25 7,656 7,656 7,526 7,558 7,640 7,590 -50 20 312
Mar-25 7,610 7,610 7,520 7,560 7,594 7,586 -8 236 2,559
Apr-25 7,608 7,608 7,522 7,546 7,626 7,556 -70 51 192
May-25 7,606 7,656 7,510 7,546 7,650 7,572 -78 11,263 37,304
Jun-25 7,570 7,572 7,498 7,530 7,620 7,518 -102 37 174
Jul-25 7,616 7,616 7,616 7,616 7,620 7,616 -4 1 1
Soybean Oil
Turnover: 503,862 lots, or 38.39 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Aug-24 7,598 7,608 7,492 7,544 7,598 7,572 -26 1,565 15,437
Sep-24 7,628 7,660 7,538 7,592 7,652 7,608 -44 408,867 594,287
Nov-24 7,624 7,658 7,544 7,590 7,656 7,610 -46 2,975 16,297
Dec-24 7,714 7,748 7,670 7,686 7,738 7,700 -38 80 1,651
Jan-25 7,736 7,744 7,620 7,672 7,742 7,684 -58 80,184 284,454
Mar-25 7,630 7,630 7,528 7,574 7,630 7,582 -48 196 3,383
May-25 7,558 7,574 7,452 7,494 7,568 7,506 -62 9,992 78,613
Jul-25 7,464 7,472 7,464 7,472 7,568 7,466 -102 3 2
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