Grains Report 12/09/2024

DJ USDA Report: Recap for U.S. Agriculture Supply, Demand
The following table of analysts’ estimates is provided as a service to The Wall Street Journal subscribers in conjunction with the U.S. Department of Agriculture’s monthly supply-and-demand report scheduled for release at noon ET on Tuesday.
U.S. Stockpiles (millions)
2024-25
Average Range USDA Nov.
Corn 1,887 1,800-1,938 1,938
Soybeans 471 430-531 470
Wheat 816 787-835 815
****
World Stockpiles (million metric tons)
2023-24
Average Range USDA Nov
Corn 314.1 313.5-314.3 314.2
Soybeans 112.3 112.0-112.5 112.4
Wheat 266.3 266.0-267.4 266.3
2024-25
Average Range USDA Nov
Corn 303.4 300.0-305.3 304.1
Soybeans 132.9 132.0-135.0 131.7
Wheat 257.6 255.5-259.9 257.6

DJ Canadian Grain Handling Summary – Dec 6
WINNIPEG — The following are Canadian grain handling summary statistics
for week ended Dec. 1, 2024. Figures in thousands of metric tons.
Source: Canadian Grain Commission.
Durum
Wheat Wheat Oats Barley Flax Canola Peas Corn Total*
COMMERCIAL STOCKS
This Week 2439.0 636.2 288.7 357.7 29.2 1326.0 329.9 194.4 6751.2
Week Ago 2366.8 722.4 337.1 355.2 43.0 1348.6 317.9 188.1 6952.0
Year Ago 2843.9 562.9 329.5 471.5 49.7 1144.8 409.2 244.6 7284.4
PRODUCER DELIVERIES
This Week 543.3 149.7 57.8 76.1 1.9 284.2 31.2 14.0 1217.8
Week Ago 466.3 138.7 37.5 73.8 1.8 333.5 33.2 17.3 1186.2
To Date 8218.5 2099.1 946.6 1459.6 42.2 6998.4 1509.4 198.5 23389.7
Year Ago 8410.7 1320.6 724.8 1585.2 46.3 5593.7 1177.4 175.3 20907.8
TERMINAL RECEIPTS
This Week 362.9 120.1 32.1 46.4 0.0 168.9 27.5 69.5 1048.6
Week Ago 486.9 170.8 16.6 42.4 2.9 192.9 18.7 64.1 1398.7
To Date 8562.7 1912.0 200.3 911.7 14.5 4139.2 1166.3 488.3 21270.5
Year Ago 9047.5 1274.9 221.9 805.8 0.0 2456.6 778.4 250.2 18433.9
EXPORTS
This Week 478.5 152.5 87.8 67.0 14.7 193.4 12.2 58.4 1539.0
Week Ago 544.3 150.6 12.9 30.5 0.2 130.9 13.0 69.1 1101.8
To Date 6911.0 1497.6 538.6 867.0 27.7 3888.3 1166.0 510.5 18305.4
Year Ago 6900.7 925.9 569.1 774.0 16.3 2026.7 775.6 224.4 14326.1
DOMESTIC DISAPPEARANCE
This Week 135.4 3.7 31.3 26.2 1.3 164.3 5.1 19.6 420.8
Week Ago 52.9 14.4 8.3 28.5 0.8 245.2 5.3 21.7 449.8
To Date 1868.3 242.5 326.2 485.1 15.7 3895.4 82.7 390.8 8087.2
Year Ago 1996.2 180.8 292.3 492.6 20.9 3475.1 63.0 432.9 7831.8
*Totals include data from other crops not shown including rye, soybeans,
canaryseed, mustard seed, beans, lentils and chickpeas.
Source: MarketsFarm (news@marketsfarm.com, 204-414-9084)

DJ CBOT Delivery Intentions: Totals – Dec 9
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL December Dec 10, 2024 43 Nov 29, 2024
WHEAT December Dec 10, 2024 5 Dec 04, 2024

WHEAT
General Comments: The markets were higher last week for Winter Wheat, but a little lower in Minneapolis Spring Wheat. Egypt is moving its Wheat buying to a new agency that will close deals privately and make it harder to track Russian prices. It is something the Russian government wanted. Tensions remined high between Ukraine, the US, and Russia. The growing conditions in the US are very good. Reports of very beneficial rains for the Great Plains and Midwest and reports of weaker offers in Russia and Argentina were negative for prices. Wheat farmers in the US can plant the Winter crops under good conditions. Australia has seen too much rain recently that has downgraded about 4.0 million tons of production to feed instead of food. Australia still has a very big crop to sell into world markets.
Overnight News:
Chart Analysis: Trends in Chicago are mixed. Support is at 536, 530, and 5324 March, with resistance at 563, 571, and 577 March. Trends in Kansas City are mixed. Support is at 533, 529, and 523 March, with resistance at 566, 577, and 591 March. Trends in Minneapolis are mixed. Support is at 585, 578, and 572 March, and resistance is at 602, 608, and 613 March.

COT — Supplemental Report – Option and Futures Combined Positions as of December 03, 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 484,688
: Positions :
: 61,797 160,582 136,866 104,854 80,431 148,435 70,707 451,951 448,586: 32,737 36,102
: Changes from: November 26, 2024 (Change in open interest: 12,595) :
: 7,288 13,783 -524 11,732 798 -3,929 2,395 14,567 16,452: -1,972 -3,856
: Percent of Open Interest Represented by Each Category of Trader :
: 12.7 33.1 28.2 21.6 16.6 30.6 14.6 93.2 92.6: 6.8 7.4
: Total Traders: 381 Number of Traders in Each Category :
: 94 109 126 95 101 48 32 306 303:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of December 03, 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 273,423
: Positions :
: 27,560 74,133 66,185 60,026 74,369 100,188 38,526 253,959 253,214: 19,464 20,210
: Changes from: November 26, 2024 (Change in open interest: 13,362) :
: 1,541 7,697 6,046 3,846 -5,339 1,156 4,737 12,589 13,141: 773 221
: Percent of Open Interest Represented by Each Category of Trader :
: 10.1 27.1 24.2 22.0 27.2 36.6 14.1 92.9 92.6: 7.1 7.4
: Total Traders: 248 Number of Traders in Each Category :
: 54 60 60 69 66 38 20 191 180:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 3, 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 – MIAX FUTURES EXCHANGE (CONTRACTS OF 5,000 BUSHELS) :
CFTC Code #001626 Open Interest is 79,658 :
: Positions :
: 39,574 16,014 3,110 188 212 8,633 40,787 6,473 5,708 1,510 3,677 :
: Changes from: November 26, 2024 :
: 3,311 790 -129 -20 83 216 2,143 -170 -89 155 -503 :
: Percent of Open Interest Represented by Each Category of Trader :
: 49.7 20.1 3.9 0.2 0.3 10.8 51.2 8.1 7.2 1.9 4.6 :
: Number of Traders in Each Category Total Traders: 115 :
: 48 30 8 . . 6 27 8 9 7 9 :
—————————————————————————————————————-

RICE:
General Comments: Rice closed lower last week. The trends are still mixed on the charts. Lower Asian prices are still reported. Brazil prices remain strong and well above US prices. The harvest is over now and the crops are being stored. Increased producer selling interest is likely at this time as futures have rallied above 15.00/cwt.
Overnight News:
Chart Analysis: Trends are mixed. Support is at 1486, 1481, and 1457 January and resistance is at 1538, 1544, and 1558 January.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 3, 2024
: Reportable Positions :
:————————————————————————————————————- :
: Producer/Merchant : : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables :
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading :
—————————————————————————————————————-
ROUGH RICE – CHICAGO BOARD OF TRADE (CONTRACTS OF 200,000 POUNDS) :
CFTC Code #039601 Open Interest is 11,254 :
: Positions :
: 6,657 5,932 0 131 0 319 2,739 95 1,888 101 898 :
: Changes from: November 26, 2024 :
: -527 571 0 -82 0 69 -684 43 -61 -147 195 :
: Percent of Open Interest Represented by Each Category of Trader :
: 59.1 52.7 0.0 1.2 0.0 2.8 24.3 0.8 16.8 0.9 8.0 :
: Number of Traders in Each Category Total Traders: 62 :
: 26 16 0 . 0 . 11 . 12 5 8 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn closed higher last week as the US harvest wraps up and as demand remains strong. The weekly export sales report showed strong sales. The export demand in recent weeks has been very strong and it seems like some of the buying is in anticipation of the new presidential regime starting here in January. President Trump has promised new tariffs on goods and services and some buyers may be making purchases now to avoid the potential for the tariff at a later date. There were no sales announcements in the daily reports from USDA in the last week. Trading volumes are down and it feels like the holiday market is already here. Oats were lower. Canada is also looking at 25% tariffs imposed on exports to the US. The majority of the Oats consumed in the US comes from Canada.
Overnight News:
Chart Analysis: Trends in Corn are mixed to up. Support is at 434, 428, and 426 March, and resistance is at 442, 445, and 448 March. Trends in Oats are mixed to down. Support is at 355, 351, and 348 March, and resistance is at 370, 376, and 384 March.

COT — Supplemental Report – Option and Futures Combined Positions as of December 03, 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 1,895,924
: Positions :
: 214,833 245,380 494,267 602,830 857,069 420,301 96,342 1,732,230 1,693,058: 163,694 202,866
: Changes from: November 26, 2024 (Change in open interest: -7,249) :
: -2,366 3,334 1,379 -8,378 -6,771 2,756 4,436 -6,609 2,378: -640 -9,628
: Percent of Open Interest Represented by Each Category of Trader :
: 11.3 12.9 26.1 31.8 45.2 22.2 5.1 91.4 89.3: 8.6 10.7
: Total Traders: 804 Number of Traders in Each Category :
: 132 139 173 365 400 49 29 631 666:
——————————————————————————————————————-

SOYBEANS
General Comments: Soybeans and Soybean Oil were higher last week as ideas of big south American production potential of Soybeans continue. The weekly export sales report was strong. Soybean Meal was lower on spreading against Soybean Oil. Trump has proposed to bring tariffs to China that could raise the price of used cooking oil to levels unprofitable for US makers of bio fuels. A major competitor to Soy Oil for bio fuels would be removed. The tariffs that Trump plans to impose could be another detriment to sales of all products. Brazil looks to produce much more than a year ago and some estimates range as high as 175 million tons for the country. Brazilian farmers are planting what is expected to be a very big crop in central and northern areas of the country. Warm and dry weather in the Midwest this year has hurt US production ideas due to ideas of small and very dry beans in the pods. Soybeans are often harvested at moisture levels below 10% this year. Central and northern Brazil rains will continue. Soils are in much better shape in southern Brazil and Argentina.
Overnight News:
Analysis: Trends in Soybeans are mixed to down. Support is at 974, 968, and 962 January, and resistance is at 1000, 1014, and 1020 January. Trends in Soybean Meal are mixed. Support is at 284.00, 281.00, and 278.00 January, and resistance is at 294.00, 299.00, and 304.00 January. Trends in Soybean Oil are mixed to up. Support is at 4230, 4100, and 4070 January, with resistance at 4450, 4640, and 4770 January.

COT — Supplemental Report – Option and Futures Combined Positions as of December 03, 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 1,162,816
: Positions :
: 100,824 188,229 355,355 437,492 434,037 211,227 105,464 1,104,899 1,083,084: 57,918 79,732
: Changes from: November 26, 2024 (Change in open interest: 10,604) :
: -1,299 -4,349 21,912 -9,971 -4,659 -217 -2,127 10,425 10,778: 179 -174
: Percent of Open Interest Represented by Each Category of Trader :
: 8.7 16.2 30.6 37.6 37.3 18.2 9.1 95.0 93.1: 5.0 6.9
: Total Traders: 578 Number of Traders in Each Category :
: 106 155 178 223 219 48 29 483 485:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of December 03, 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 629,553
: Positions :
: 79,332 108,533 125,519 224,912 321,121 165,516 46,278 595,278 601,451: 34,274 28,102
: Changes from: November 26, 2024 (Change in open interest: 18,211) :
: 5,797 10,324 -180 11,157 4,749 119 3,631 16,894 18,524: 1,317 -313
: Percent of Open Interest Represented by Each Category of Trader :
: 12.6 17.2 19.9 35.7 51.0 26.3 7.4 94.6 95.5: 5.4 4.5
: Total Traders: 348 Number of Traders in Each Category :
: 88 72 100 112 102 46 29 294 262:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of December 03, 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 669,155
: Positions :
: 68,569 147,443 172,999 221,833 263,265 144,070 50,620 607,471 634,328: 61,684 34,826
: Changes from: November 26, 2024 (Change in open interest: 12,368) :
: 1,026 -2,557 14,187 -650 -54 -1,343 1,470 13,221 13,046: -854 -678
: Percent of Open Interest Represented by Each Category of Trader :
: 10.2 22.0 25.9 33.2 39.3 21.5 7.6 90.8 94.8: 9.2 5.2
: Total Traders: 347 Number of Traders in Each Category :
: 64 84 98 126 111 38 24 285 273:
——————————————————————————————————————-

PALM OIL AND CANOLA
General Comments: Palm Oil was a little higher last week. It was lower today on reports of weaker exports. Demand from China has not been good, but demand from India has been seasonally strong. Ideas of weaker production caused by too much rain and reports of good demand provided support. The private surveyors have indicated that exports have been weaker so far this month. Canola was higher and the charts show that a low has been completed. The harvest is winding down in Canada and the crops are locked away in the bin. Producers will try to wait for higher prices before selling much.
Overnight News:
Chart Analysis: Trends in Canola are up. Support is at 596.00, 585.00, and 577.00 January, with resistance at 624.00, 633.00, and 643.00 January. Trends in Palm Oil are mixed to up Support is at 4990, 4930, and 4800 February, with resistance at 5200, 5260, and 5320 February.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 3, 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 26,748 :
: Positions :
: 22,930 12,231 520 5,240 650 870 2,740 0 468 4,570 1,300 :
: Changes from: November 26, 2024 :
: -4,455 -945 40 -3,997 -80 -10 760 -10 -60 -370 440 :
: Percent of Open Interest Represented by Each Category of Trader :
: 85.7 45.7 1.9 19.6 2.4 3.3 10.2 0.0 1.7 17.1 4.9 :
: Number of Traders in Each Category Total Traders: 37 :
: 11 8 . 5 4 . . 0 . 10 . :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 3, 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 307,390 :
: Positions :
: 219,432 101,247 12,173 10,061 2,305 9,190 125,259 33,986 9,982 13,869 17,631 :
: Changes from: November 26, 2024 :
: 24,501 -1,807 439 -1,108 628 440 31,390 -1,089 1,220 -1,401 -636 :
: Percent of Open Interest Represented by Each Category of Trader :
: 71.4 32.9 4.0 3.3 0.8 3.0 40.7 11.1 3.2 4.5 5.7 :
: Number of Traders in Each Category Total Traders: 312 :
: 68 63 5 4 4 14 70 23 77 49 66 :
—————————————————————————————————————-

Midwest Weather Forecast Mostly dry. Temperatures should averageabove normal.

DJ Malaysian PM Cash Market Prices for Palm Oil – Dec 9
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
Dec 1270.00 -05.00 Unquoted – –
Jan/Feb/Mar 1232.50 +02.50 Unquoted – –
Apr/May/Jun 1120.00 +07.50 Unquoted – –
Jul/Aug/Sep 1047.50 -02.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Dec 1275.00 -05.00 Unquoted – –
Jan/Feb/Mar 1237.50 +02.50 Unquoted – –
Apr/May/Jun 1125.00 +07.50 Unquoted – –
Jul/Aug/Sep 1052.50 -02.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Dec 1255.00 -05.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Dec 1055.00 -05.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Dec 5,380.00 00.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Dec 515.00 00.00 Unquoted – –
($1=MYR4.423)

DJ China Dalian Grain Futures Closing Prices, Volume – Dec 09
Soybean No. 1
Turnover: 83,463 lots, or 3.23 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-25 3,856 3,874 3,852 3,856 3,856 3,862 6 54,118 137,688
Mar-25 3,854 3,864 3,852 3,859 3,847 3,857 10 5,515 30,966
May-25 3,879 3,882 3,865 3,874 3,868 3,873 5 21,847 84,300
Jul-25 3,906 3,909 3,894 3,902 3,892 3,901 9 1,069 8,748
Sep-25 3,932 3,936 3,922 3,930 3,921 3,929 8 908 14,532
Nov-25 3,945 3,953 3,944 3,944 3,935 3,948 13 6 135
Corn
Turnover: 906,913 lots, or 19.26 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-25 2,090 2,100 2,083 2,087 2,091 2,091 0 538,106 678,533
Mar-25 2,115 2,130 2,114 2,117 2,120 2,121 1 120,297 464,367
May-25 2,185 2,197 2,181 2,186 2,187 2,189 2 209,344 579,240
Jul-25 2,218 2,229 2,213 2,215 2,220 2,220 0 25,183 139,491
Sep-25 2,229 2,238 2,224 2,226 2,229 2,229 0 6,146 41,119
Nov-25 2,210 2,221 2,208 2,208 2,213 2,213 0 7,837 13,088
Soymeal
Turnover: 1,422,905 lots, or 38.53 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Dec-24 2,802 2,802 2,802 2,802 2,802 2,802 0 10 406
Jan-25 2,829 2,852 2,809 2,849 2,819 2,829 10 207,650 610,900
Mar-25 2,792 2,815 2,772 2,813 2,788 2,790 2 44,673 321,064
May-25 2,662 2,685 2,650 2,681 2,660 2,665 5 1,010,915 2,423,368
Jul-25 2,674 2,690 2,660 2,689 2,666 2,672 6 15,651 220,488
Aug-25 2,793 2,820 2,787 2,819 2,782 2,800 18 9,398 137,270
Sep-25 2,800 2,826 2,790 2,823 2,785 2,805 20 111,318 579,533
Nov-25 2,816 2,845 2,807 2,841 2,803 2,825 22 23,290 140,261
Palm Oil
Turnover: 1,533,706 lots, or 15.35 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Dec-24 10,304 10,320 10,304 10,320 10,286 10,318 32 44 990
Jan-25 10,226 10,338 10,134 10,200 10,224 10,228 4 986,133 361,548
Feb-25 10,196 10,288 10,116 10,148 10,186 10,198 12 30,158 28,790
Mar-25 10,018 10,098 9,978 10,004 9,994 10,034 40 9,526 12,638
Apr-25 9,812 9,878 9,760 9,784 9,772 9,816 44 1,058 1,063
May-25 9,588 9,664 9,528 9,542 9,532 9,598 66 492,389 420,642
Jun-25 9,350 9,422 9,298 9,310 9,306 9,364 58 104 530
Jul-25 9,114 9,172 9,052 9,070 9,074 9,120 46 101 419
Aug-25 8,938 8,938 8,854 8,854 8,866 8,902 36 5 92
Sep-25 8,728 8,778 8,652 8,658 8,688 8,716 28 14,135 42,834
Oct-25 8,580 8,590 8,486 8,496 8,534 8,532 -2 27 318
Nov-25 8,406 8,452 8,350 8,356 8,390 8,406 16 26 116
Soybean Oil
Turnover: 595,891 lots, or 47.02 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Dec-24 – – – 7,950 8,020 7,950 -70 0 2,082
Jan-25 8,000 8,048 7,944 7,956 8,014 7,990 -24 112,679 257,732
Mar-25 7,984 8,008 7,898 7,918 7,972 7,948 -24 3,990 19,085
May-25 7,912 7,938 7,816 7,834 7,890 7,870 -20 460,161 589,567
Jul-25 7,784 7,816 7,716 7,734 7,768 7,760 -8 1,095 4,099
Aug-25 7,840 7,856 7,768 7,798 7,818 7,810 -8 97 595
Sep-25 7,820 7,838 7,748 7,762 7,792 7,786 -6 17,854 79,651
Nov-25 7,788 7,788 7,736 7,746 7,748 7,748 0 15 129
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