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
Grains Report 08/26/2024
WHEAT
General Comments: Wheat was lower in all three markets last week on stable to weaker overseas prices reported in Russia and Europe and the wrap up of the Wheat harvest and reports of cash movement here in the US. US harvest progress and ideas of good crops went against reports of dry weather in eastern Europe and Russia and too wet weather in France and Germany along with Spring Wheat areas of Russia are still heard and the weather there affecting world production estimates. There were more reports of dry conditions coming this week to Russian growing areas although Spring Wheat areas have seen too much rain. Eastern Europe is also hot and dry. Western Europe has seen too much rain.
Overnight News:
Chart Analysis: Trends in Chicago are down with no objectives. Support is at 502, 496, and 490 September, with resistance at 524, 536, and 548 September. Trends in Kansas City are down with no objectives. Support is at 516, 510, and 504 September, with resistance at 540, 559, and 567 September. Trends in Minneapolis are down with no objectives. Support is at 550, 544, and 538 September, and resistance is at 584, 601, and 613 September.
COT — Supplemental Report – Option and Futures Combined Positions as of August 20, 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 492,755
: Positions :
: 64,996 141,784 156,720 103,738 104,889 131,557 49,593 457,011 452,986: 35,744 39,769
: Changes from: August 13, 2024 (Change in open interest: 8,902) :
: 7,079 -4,511 7,617 -8,829 3,788 2,191 123 8,058 7,016: 844 1,886
: Percent of Open Interest Represented by Each Category of Trader :
: 13.2 28.8 31.8 21.1 21.3 26.7 10.1 92.7 91.9: 7.3 8.1
: Total Traders: 406 Number of Traders in Each Category :
: 86 117 129 114 106 47 36 325 322:
——————————————————————————————————————-
COT — Supplemental Report – Option and Futures Combined Positions as of August 20, 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 265,327
: Positions :
: 32,544 72,215 57,324 64,635 79,365 91,586 32,558 246,088 241,463: 19,238 23,864
: Changes from: August 13, 2024 (Change in open interest: -8,091) :
: -728 4,183 -1,337 -3,648 -7,320 -1,330 -3,457 -7,043 -7,930: -1,048 -161
: Percent of Open Interest Represented by Each Category of Trader :
: 12.3 27.2 21.6 24.4 29.9 34.5 12.3 92.7 91.0: 7.3 9.0
: Total Traders: 245 Number of Traders in Each Category :
: 48 56 66 78 76 38 24 194 195:
——————————————————————————————————————-
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 20, 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 78,325 :
: Positions :
: 44,895 22,635 3,573 355 53 6,592 31,238 4,454 1,789 1,802 4,838 :
: Changes from: August 13, 2024 :
: 361 1,435 -78 181 -109 381 -668 -804 -186 453 964 :
: Percent of Open Interest Represented by Each Category of Trader :
: 57.3 28.9 4.6 0.5 0.1 8.4 39.9 5.7 2.3 2.3 6.2 :
: Number of Traders in Each Category Total Traders: 113 :
: 55 38 7 . . 9 20 11 7 7 10 :
—————————————————————————————————————-
RICE
General Comments: Rice closed higher last week on what appeared to be speculator buying as the harvest moves along to completion. The US weather has been an issue much of the growing season with too much rain early in the year. Some areas are now too hot and dry, especially in Texas, and Texas yields are down as a result as the harvest moves forward. However, planted area has increased from last year and so most are looking for a rebound in production this year
Overnight News:
Chart Analysis: Trends are mixed. Support is at 1471, 1453, and 1449 September and resistance is at 1504, 1509, and 1516 September
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 20, 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 10,085 :
: Positions :
: 5,596 5,304 52 233 0 421 2,239 44 1,448 142 855 :
: :
: Changes from: August 13, 2024 :
: 129 -268 0 36 0 -175 215 -55 30 22 -232 :
: :
: Percent of Open Interest Represented by Each Category of Trader :
: 55.5 52.6 0.5 2.3 0.0 4.2 22.2 0.4 14.4 1.4 8.5 :
: :
: Number of Traders in Each Category Total Traders: 59 :
: 20 14 . . 0 4 9 . 15 . 7 :
—————————————————————————————————————-
CORN AND OATS
General Comments: Corn closed a little lower last week and Oats closed higher on what appeared to be speculative selling in Corn. The Pro Farmer crop tour has concluded and found good Corn crops, with production estimated at 14.979 billion bushels. Most in the trade had expected production in excess of 1a5 billion bushels as had USDA so some upside movement is possible in prices early this week. Increased US demand comes from the fact that Corn prices are already the cheapest in the world. Current forecasts call for cooler and drier weather for the Midwest this week.
Overnight News:
Chart Analysis: Trends in Corn are down with no objectives. Support is at 367, 364, and 361 September, and resistance is at 385, 390, and 402 September. Trends in Oats are mixed. Support is at 313, 308, and 300 September, and resistance is at 336, 348, and 358 September
COT — Supplemental Report – Option and Futures Combined Positions as of August 20, 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 2,005,047
: Positions :
: 154,285 380,665 657,405 598,997 544,269 413,719 183,333 1,824,407 1,765,672: 180,641 239,375
: :
: Changes from: August 13, 2024 (Change in open interest: -34,645) :
: -7,776 5,481 887 -5,009 -10,312 -16,398 -32,578 -28,296 -36,522: -6,349 1,877
: :
: Percent of Open Interest Represented by Each Category of Trader :
: 7.7 19.0 32.8 29.9 27.1 20.6 9.1 91.0 88.1: 9.0 11.9
: :
: Total Traders: 816 Number of Traders in Each Category :
: 145 163 206 360 340 55 39 673 661:
——————————————————————————————————————-
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 20, 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 5,343 :
: Positions :
: 2,153 1,142 170 475 18 0 1,550 0 546 533 158 :
: :
: Changes from: August 13, 2024 :
: 5 47 -8 4 11 0 22 0 -49 103 -30 :
: :
: Percent of Open Interest Represented by Each Category of Trader :
: 40.3 21.4 3.2 8.9 0.3 0.0 29.0 0.0 10.2 10.0 3.0 :
: :
: Number of Traders in Each Category Total Traders: 28 :
: 9 6 . . . 0 5 0 4 5 4 :
—————————————————————————————————————-
SOYBEAN
General Comments: Soybeans and the products were higher last week on speculative short covering generated by a stronger demand news. Pro Farmer estimated US Soybeans production at 4.74a0 billion bushels. This would be a new record production. This week should be dry and warmer this week amid dry weather and western and Delta areas should stay warm and dry. Reports indicate that China is buying a lot in the US. Domestic demand has been strong in the US.
Overnight News: Unknown destinations bought 120,000 tons of US Soybeans.
Chart Analysis: Trends in Soybeans are mixed. Support is at 939, 928, and 916 September, and resistance is at 973, 1007, and 1018 September. Trends in Soybean Meal are mixed. Support is at 302.00, 300.00, and 297.00 September, and resistance is at 323.00, 325.00, and 329.00 September. Trends in Soybean Oil are mixed. Support is at 3970, 3860, and 3800 September, with resistance at 4190, 4260, and 4360 September.
COT — Supplemental Report – Option and Futures Combined Positions as of August 20, 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 1,098,788
: Positions :
: 44,292 215,303 351,041 460,687 341,745 196,170 116,196 1,052,190 1,024,284: 46,598 74,504
: Changes from: August 13, 2024 (Change in open interest: -29,242) :
: -4,521 2,449 -33,842 6,971 -2,277 4,741 4,568 -26,652 -29,102: -2,589 -139
: Percent of Open Interest Represented by Each Category of Trader :
: 4.0 19.6 31.9 41.9 31.1 17.9 10.6 95.8 93.2: 4.2 6.8
: Total Traders: 557 Number of Traders in Each Category :
: 100 169 177 195 195 50 30 455 469:
——————————————————————————————————————-
COT — Supplemental Report – Option and Futures Combined Positions as of August 20, 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 634,145
: Positions :
: 74,373 152,892 137,973 236,541 265,555 151,946 49,720 600,833 606,141: 33,312 28,004
: Changes from: August 13, 2024 (Change in open interest: 18,380) :
: 11,639 3,446 -4,961 4,380 13,219 5,052 6,292 16,109 17,996: 2,271 384
: Percent of Open Interest Represented by Each Category of Trader :
: 11.7 24.1 21.8 37.3 41.9 24.0 7.8 94.7 95.6: 5.3 4.4
: Total Traders: 360 Number of Traders in Each Category :
: 76 95 101 114 96 42 26 291 267:
——————————————————————————————————————-
COT — Supplemental Report – Option and Futures Combined Positions as of August 20, 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 594,491
: Positions :
: 64,039 89,505 153,719 188,587 285,011 134,788 35,752 541,132 563,987: 53,359 30,505
: Changes from: August 13, 2024 (Change in open interest: -7,950) :
: 1,894 3,009 -7,771 -3,246 1,593 1,677 -1,553 -7,447 -4,723: -502 -3,227
: Percent of Open Interest Represented by Each Category of Trader :
: 10.8 15.1 25.9 31.7 47.9 22.7 6.0 91.0 94.9: 9.0 5.1
: Total Traders: 346 Number of Traders in Each Category :
: 60 85 102 127 111 40 24 291 274:
——————————————————————————————————————-
PALM OIL AND CANOLA
General Comments: Palm Oil was higher last week on ideas of improving demand as Indonesia intends to increase its use of Palm Oil in its biofuels blends and increase biofuels to 40% of consumption. Production reports indicate that the increase in production is less than expected at this time. Indian imports of Palm Oil were the highest for the year in July. Exports are 834,948 tons so far this month. 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 higher and showed signs of forming a bottom on the daily charts on ideas of increasing producer offers as oilseed supplies look to be ample in the coming year and as demand ideas are down. The Canadian rail strike makes movement of grain much more difficult and a lot will get backed up in the system, but the government there is forcing binding arbitration on labor and management. The weather has called for dry conditions in the Prairies and yields are expected to be the same or less.
Overnight News:
Chart Analysis: Trends in Canola are mixed to down with no objectives. Support is at 562.00, 558.00, and 546.00 November, with resistance at 588.00, 581.00, and 598.00 November. Trends in Palm Oil are mixed. Support is at 3670, 3640, and 3610 November, with resistance at 3780, 3810, and 3820 November.
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 20, 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 45,986 :
: Positions :
: 35,166 14,755 720 17,537 560 520 2,015 170 480 2,569 8,340 :
: Changes from: August 13, 2024 :
: 2,090 1,080 0 720 0 0 -340 170 -280 260 700 :
: Percent of Open Interest Represented by Each Category of Trader :
: 76.5 32.1 1.6 38.1 1.2 1.1 4.4 0.4 1.0 5.6 18.1 :
: Number of Traders in Each Category Total Traders: 29 :
: 8 10 . 5 . . . . . 8 . :
—————————————————————————————————————-
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 20, 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 332,740 :
: Positions :
: 267,667 105,620 2,953 16,472 1,033 10,757 162,650 17,589 17,619 12,797 13,584 :
: Changes from: August 13, 2024 :
: 5,914 -4,918 123 597 40 -2,429 11,474 1,888 313 -3,455 1,504 :
: Percent of Open Interest Represented by Each Category of Trader :
: 80.4 31.7 0.9 5.0 0.3 3.2 48.9 5.3 5.3 3.8 4.1 :
: Number of Traders in Each Category Total Traders: 345 :
: 62 71 4 7 4 13 94 20 48 82 55 :
—————————————————————————————————————-
Midwest Weather Forecast Mostly dry. Temperatures should average near to below normal.
DJ Malaysian PM Cash Market Prices for Palm Oil – Aug 26
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
Sep 975.00 +17.50 Unquoted – –
Oct/Nov/Dec 945.00 +22.50 Unquoted – –
Jan/Feb/Mar 935.00 +17.50 Unquoted – –
Apr/May/Jun 927.50 +20.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Sep 980.00 +17.50 Unquoted – –
Oct/Nov/Dec 950.00 +22.50 Unquoted – –
Jan/Feb/Mar 940.00 +17.50 Unquoted – –
Apr/May/Jun 932.50 +20.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Sep 995.00 +17.50 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Sep 865.00 +10.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Sep 4,040.00 +40.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Sep 354.00 00.00 Unquoted – –
($1=MYR4.345)
DJ China Dalian Grain Futures Closing Prices, Volume – Aug 26
Soybean No. 1
Turnover: 138,682 lots, or .59 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-24 4,440 4,446 4,407 4,439 4,443 4,427 -16 5,636 10,235
Nov-24 4,319 4,353 4,313 4,345 4,327 4,331 4 7,069 26,803
Jan-25 4,215 4,261 4,194 4,260 4,219 4,225 6 111,361 160,189
Mar-25 4,141 4,171 4,113 4,168 4,142 4,136 -6 7,089 16,006
May-25 4,185 4,188 4,149 4,186 4,189 4,166 -23 6,707 7,778
Jul-25 4,150 4,152 4,112 4,137 4,162 4,127 -35 820 1,879
Corn
Turnover: 649,201 lots, or 15.05 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-24 2,316 2,330 2,316 2,327 2,327 2,323 -4 28,965 71,497
Nov-24 2,312 2,335 2,310 2,333 2,314 2,325 11 409,533 635,182
Jan-25 2,286 2,310 2,286 2,309 2,292 2,302 10 154,280 428,370
Mar-25 2,274 2,299 2,271 2,296 2,270 2,285 15 30,899 130,955
May-25 2,310 2,341 2,308 2,337 2,310 2,325 15 16,330 52,496
Jul-25 2,315 2,344 2,313 2,343 2,313 2,326 13 9,194 19,385
Soymeal
Turnover: 2,074,215 lots, or 60.39 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-24 2,901 2,933 2,886 2,933 2,910 2,911 1 119,368 175,191
Nov-24 2,940 2,968 2,912 2,966 2,947 2,942 -5 123,031 474,329
Dec-24 2,948 2,978 2,920 2,969 2,959 2,951 -8 10,201 88,342
Jan-25 2,930 2,965 2,902 2,955 2,942 2,933 -9 1,510,879 1,487,136
Mar-25 2,867 2,894 2,845 2,885 2,876 2,870 -6 13,348 97,624
May-25 2,781 2,809 2,764 2,805 2,790 2,787 -3 279,169 965,425
Jul-25 2,797 2,823 2,781 2,819 2,805 2,801 -4 14,020 94,979
Aug-25 2,899 2,932 2,890 2,924 2,909 2,911 2 4,199 30,666
Palm Oil
Turnover: 971,018 lots, or 77.04 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-24 7,950 8,178 7,910 8,176 7,860 8,026 166 22,282 20,589
Oct-24 7,920 8,142 7,880 8,140 7,872 8,010 138 14,419 17,481
Nov-24 7,904 8,128 7,862 8,128 7,848 7,982 134 3,083 6,488
Dec-24 7,884 8,102 7,854 8,098 7,838 7,974 136 331 657
Jan-25 7,860 8,088 7,822 8,078 7,792 7,938 146 872,738 580,888
Feb-25 7,840 8,056 7,802 8,052 7,754 7,874 120 88 387
Mar-25 7,796 8,020 7,780 8,020 7,734 7,858 124 178 3,249
Apr-25 7,764 7,972 7,746 7,968 7,692 7,804 112 89 269
May-25 7,724 7,960 7,696 7,954 7,652 7,810 158 57,642 91,949
Jun-25 7,678 7,918 7,672 7,918 7,606 7,778 172 103 101
Jul-25 7,636 7,872 7,626 7,872 7,558 7,736 178 52 66
Aug-25 7,698 7,810 7,568 7,810 7,522 7,684 162 13 8
Soybean Oil
Turnover: 769,313 lots, or 5.76 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-24 7,430 7,526 7,406 7,526 7,420 7,466 46 31,461 32,089
Nov-24 7,466 7,568 7,444 7,566 7,450 7,514 64 18,959 22,953
Dec-24 7,492 7,580 7,456 7,576 7,468 7,526 58 1,253 3,224
Jan-25 7,468 7,566 7,434 7,566 7,440 7,500 60 649,448 631,256
Mar-25 7,410 7,500 7,390 7,500 7,384 7,448 64 406 4,339
May-25 7,284 7,380 7,266 7,380 7,252 7,326 74 67,276 168,486
Jul-25 7,294 7,362 7,274 7,348 7,254 7,330 76 500 476
Aug-25 7,348 7,362 7,332 7,336 7,296 7,342 46 10 15
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.
DJ Malaysian PM Cash Market Prices for Palm Oil – Aug 26
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
Sep 975.00 +17.50 Unquoted – –
Oct/Nov/Dec 945.00 +22.50 Unquoted – –
Jan/Feb/Mar 935.00 +17.50 Unquoted – –
Apr/May/Jun 927.50 +20.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Sep 980.00 +17.50 Unquoted – –
Oct/Nov/Dec 950.00 +22.50 Unquoted – –
Jan/Feb/Mar 940.00 +17.50 Unquoted – –
Apr/May/Jun 932.50 +20.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Sep 995.00 +17.50 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Sep 865.00 +10.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Sep 4,040.00 +40.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Sep 354.00 00.00 Unquoted – –
($1=MYR4.345)
DJ China Dalian Grain Futures Closing Prices, Volume – Aug 26
Questions? Ask Jack Scoville today at 312-264-4322Soybean No. 1
Turnover: 138,682 lots, or .59 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-24 4,440 4,446 4,407 4,439 4,443 4,427 -16 5,636 10,235
Nov-24 4,319 4,353 4,313 4,345 4,327 4,331 4 7,069 26,803
Jan-25 4,215 4,261 4,194 4,260 4,219 4,225 6 111,361 160,189
Mar-25 4,141 4,171 4,113 4,168 4,142 4,136 -6 7,089 16,006
May-25 4,185 4,188 4,149 4,186 4,189 4,166 -23 6,707 7,778
Jul-25 4,150 4,152 4,112 4,137 4,162 4,127 -35 820 1,879
Corn
Turnover: 649,201 lots, or 15.05 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-24 2,316 2,330 2,316 2,327 2,327 2,323 -4 28,965 71,497
Nov-24 2,312 2,335 2,310 2,333 2,314 2,325 11 409,533 635,182
Jan-25 2,286 2,310 2,286 2,309 2,292 2,302 10 154,280 428,370
Mar-25 2,274 2,299 2,271 2,296 2,270 2,285 15 30,899 130,955
May-25 2,310 2,341 2,308 2,337 2,310 2,325 15 16,330 52,496
Jul-25 2,315 2,344 2,313 2,343 2,313 2,326 13 9,194 19,385
Soymeal
Turnover: 2,074,215 lots, or 60.39 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-24 2,901 2,933 2,886 2,933 2,910 2,911 1 119,368 175,191
Nov-24 2,940 2,968 2,912 2,966 2,947 2,942 -5 123,031 474,329
Dec-24 2,948 2,978 2,920 2,969 2,959 2,951 -8 10,201 88,342
Jan-25 2,930 2,965 2,902 2,955 2,942 2,933 -9 1,510,879 1,487,136
Mar-25 2,867 2,894 2,845 2,885 2,876 2,870 -6 13,348 97,624
May-25 2,781 2,809 2,764 2,805 2,790 2,787 -3 279,169 965,425
Jul-25 2,797 2,823 2,781 2,819 2,805 2,801 -4 14,020 94,979
Aug-25 2,899 2,932 2,890 2,924 2,909 2,911 2 4,199 30,666
Palm Oil
Turnover: 971,018 lots, or 77.04 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-24 7,950 8,178 7,910 8,176 7,860 8,026 166 22,282 20,589
Oct-24 7,920 8,142 7,880 8,140 7,872 8,010 138 14,419 17,481
Nov-24 7,904 8,128 7,862 8,128 7,848 7,982 134 3,083 6,488
Dec-24 7,884 8,102 7,854 8,098 7,838 7,974 136 331 657
Jan-25 7,860 8,088 7,822 8,078 7,792 7,938 146 872,738 580,888
Feb-25 7,840 8,056 7,802 8,052 7,754 7,874 120 88 387
Mar-25 7,796 8,020 7,780 8,020 7,734 7,858 124 178 3,249
Apr-25 7,764 7,972 7,746 7,968 7,692 7,804 112 89 269
May-25 7,724 7,960 7,696 7,954 7,652 7,810 158 57,642 91,949
Jun-25 7,678 7,918 7,672 7,918 7,606 7,778 172 103 101
Jul-25 7,636 7,872 7,626 7,872 7,558 7,736 178 52 66
Aug-25 7,698 7,810 7,568 7,810 7,522 7,684 162 13 8
Soybean Oil
Turnover: 769,313 lots, or 5.76 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-24 7,430 7,526 7,406 7,526 7,420 7,466 46 31,461 32,089
Nov-24 7,466 7,568 7,444 7,566 7,450 7,514 64 18,959 22,953
Dec-24 7,492 7,580 7,456 7,576 7,468 7,526 58 1,253 3,224
Jan-25 7,468 7,566 7,434 7,566 7,440 7,500 60 649,448 631,256
Mar-25 7,410 7,500 7,390 7,500 7,384 7,448 64 406 4,339
May-25 7,284 7,380 7,266 7,380 7,252 7,326 74 67,276 168,486
Jul-25 7,294 7,362 7,274 7,348 7,254 7,330 76 500 476
Aug-25 7,348 7,362 7,332 7,336 7,296 7,342 46 10 15
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.