Grains Report 01/14/2025

DJ USDA Grain Inspections for Export in Metric Tons – Jan 13
WA_GR101
Washington, DC Mon Jan 13, 2025 USDA Market News
COUNTRY OF DESTINATION IS REPORTED AS KNOWN AT THE TIME OF EXPORTATION.
INFORMATION CONTAINED IN THIS REPORT REFLECTS EXPORTED GRAIN INSPECTED AND WEIGHED
THROUGH THE AUTHORITY UNDER THE U.S. GRAIN STANDARDS ACT. NO ADDITIONAL ANALYSIS,
COMPILATIONS OR DATA IS AVAILABLE
GRAINS INSPECTED AND/OR WEIGHED FOR EXPORT
REPORTED IN WEEK ENDING JAN 09, 2025
— METRIC TONS —
————————————————————————-
CURRENT PREVIOUS
———– WEEK ENDING ———- MARKET YEAR MARKET YEAR
GRAIN 01/09/2025 01/02/2025 01/11/2024 TO DATE TO DATE
BARLEY 599 0 0 9,207 1,614
CORN 1,441,006 877,214 956,396 17,707,196 13,999,206
FLAXSEED 0 0 0 264 0
MIXED 0 0 0 122 24
OATS 0 0 0 148 3,794
RYE 0 0 0 0 72
SORGHUM 702 1,028 296,177 1,371,995 2,539,823
SOYBEANS 1,350,121 1,295,379 1,279,651 31,317,123 25,592,100
SUNFLOWER 0 0 0 0 4,109
WHEAT 288,895 412,342 242,409 13,007,087 10,408,521
Total 3,081,323 2,585,963 2,774,633 63,413,142 52,549,263
————————————————————————-
CROP MARKETING YEARS BEGIN JUNE 1 FOR WHEAT, RYE, OATS, BARLEY AND
FLAXSEED; SEPTEMBER 1 FOR CORN, SORGHUM, SOYBEANS AND SUNFLOWER SEEDS.
INCLUDES WATERWAY SHIPMENTS TO CANADA

DJ Brazilian Crop Output Expected to Rise in 2024/25 — Market Talk
1045 ET – This morning’s outlook released by Brazil’s Conab shows that the agricultural agency projects a harvest of 322.3 million tons of grain. That’s 8% higher than the last harvest, buoyed by favorable weather seen in Brazil in recent months. The outlook for soybeans is relatively flat from Conab’s previous forecast, at 166.3 million tons. Harvesting looks to begin for Brazilian soybeans later this month, says Conab. “The weather conditions… have been favorable for the crop so far, but Conab is still keeping an eye on the effects of climate behavior until the end of the grain harvesting work,” says the agency. Corn output is estimated at 119.6 million tons for 2024/25. (kirk.maltais@wsj.com)

DJ CBOT Delivery Intentions: Totals – Jan 14
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL January Jan 15, 2025 6 Jan 10, 2025
SOYBEAN OIL January Jan 15, 2025 59 Jan 13, 2025
SOYBEAN January Jan 15, 2025 112 Jan 02, 2025

WHEAT
General Comments: The markets were higher yesterday on follow through buying and chart trends are mixed again. Wheat markets were able to rally off of the strength in Corn and Soybeans. The USDA reports were not bullish to Wheat as plantings were higher than trade expectations as were world ending stocks estimates. World Wheat demand has been strong, but there has not been much demand in world markets for US Wheat. The growing conditions in the US are very good. Reports of very beneficial rains for the Great Plains and Midwest and reports of steady to firm prices quoted in Russia and steady prices Argentina were around and helped keep the US market mostly steady in current ranges. Wheat farmers in the US planted the Winter crops under good conditions. Australia has seen too much rain recently that has downgraded Wheat quality, but Australia still has a very big crop to sell into world markets.
Overnight News:
Chart Analysis: Trends in Chicago are mixed. Support is at 526, 522, and 516 March, with resistance at 545, 554, and 561 March. Trends in Kansas City are mixed. Support is at 538, 535, and 528 March, with resistance at 568, 571, and 577 March. Trends in Minneapolis are mixed. Support is at 572, 566, and 560 March, and resistance is at 601, 606, and 611 March.

COT — Supplemental Report – Option and Futures Combined Positions as of January 07, 2025
: 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 556,234
: Positions :
: 74,311 170,599 182,350 110,243 67,343 152,158 101,457 519,063 521,749: 37,171 34,485
: Changes from: December 31, 2024 (Change in open interest: 13,649) :
: -1,250 2,106 10,509 1,229 -2,670 3,074 3,369 13,563 13,314: 86 335
: Percent of Open Interest Represented by Each Category of Trader :
: 13.4 30.7 32.8 19.8 12.1 27.4 18.2 93.3 93.8: 6.7 6.2
: Total Traders: 419 Number of Traders in Each Category :
: 114 118 132 105 98 46 32 336 315:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of January 07, 2025
: 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 291,463
: Positions :
: 40,362 74,729 69,236 66,607 85,843 96,923 42,562 273,128 272,371: 18,335 19,092
: Changes from: December 31, 2024 (Change in open interest: -658) :
: 1,397 -713 1,008 -1,734 -412 57 -799 728 -916: -1,386 259
: Percent of Open Interest Represented by Each Category of Trader :
: 13.8 25.6 23.8 22.9 29.5 33.3 14.6 93.7 93.4: 6.3 6.6
: Total Traders: 250 Number of Traders in Each Category :
: 53 61 61 72 72 37 21 195 186:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 7, 2025
: 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 90,998 :
: Positions :
: 43,300 19,010 3,627 224 267 10,187 39,572 10,966 5,113 4,611 5,789 :
: Changes from: December 31, 2024 :
: -518 -3,464 222 -87 30 -2,030 212 509 414 999 477 :
: Percent of Open Interest Represented by Each Category of Trader :
: 47.6 20.9 4.0 0.2 0.3 11.2 43.5 12.1 5.6 5.1 6.4 :
: Number of Traders in Each Category Total Traders: 123 :
: 53 31 7 . . 11 25 12 11 9 13 :
—————————————————————————————————————-

RICE:
General Comments: Rice closed a little higher yesterday in continued speculative short covering and some new commercial buying. Farmers have not been selling and the market needs the Rice. There are some questions about the milling quality of the new crop Rice and that will help keep demand from mills for good Rice stronger than it might have been. The trends are up the daily charts. Generally weak Asian prices are still reported. Brazil prices remain strong, but the difference is now less to world buyers as the Real is much lower against the US Dollar.
Overnight News:
Chart Analysis: Trends are up. Support is at 1423, 1417 and 1405 March and resistance is at 1455, 1474, and 1500 March.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 7, 2025
: 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 13,077 :
: Positions :
: 8,022 3,900 0 236 0 115 5,452 0 2,176 840 598 :
: Changes from: December 31, 2024 :
: 318 -242 0 -1 0 -48 875 0 149 4 3 :
: Percent of Open Interest Represented by Each Category of Trader :
: 61.3 29.8 0.0 1.8 0.0 0.9 41.7 0.0 16.6 6.4 4.6 :
: Number of Traders in Each Category Total Traders: 78 :
: 23 15 0 . 0 . 21 0 16 7 6 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn closed higher yesterday on follow through buying seen in response to the USDA production reports released on Friday. USDA surprised the market by cutting yield estimates by 3.8 bushels per acre and production to just 14.867 billion bushels instead of the 15 billion plus expected by most of the trade. The yield and production estimates were below all trade guesses. US ending stocks were equal to the lowest trade estimate at 1.540 billion bushels. 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 later. It is about to turn very cold in the Midwest so it will get harder for Corn buyers to convince farmers to sell. Oats were higher.
Overnight News:
Chart Analysis: Trends in Corn are up. Support is at 460, 457, and 453 March, and resistance is at 474, 479, and 483 March. Trends in Oats are mixed. Support is at 335, 333, and 329 March, and resistance is at 345, 350, and 356 March.

COT — Supplemental Report – Option and Futures Combined Positions as of January 07, 2025
: 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 2,132,627
: Positions :
: 297,746 181,598 575,390 579,680 1,022,031 511,030 119,669 1,963,847 1,898,689: 168,780 233,937
: Changes from: December 31, 2024 (Change in open interest: 43,174) :
: 10,054 -13,224 33,672 -12,566 10,585 11,908 5,032 43,068 36,065: 106 7,109
: Percent of Open Interest Represented by Each Category of Trader :
: 14.0 8.5 27.0 27.2 47.9 24.0 5.6 92.1 89.0: 7.9 11.0
: Total Traders: 821 Number of Traders in Each Category :
: 142 135 179 368 416 54 33 660 675:
——————————————————————————————————————-

SOYBEANS
General Comments: Soybeans closed higher on follow through buying tied to the response to the USDA production reports. Soybeans were higher in response to bullish US production estimates released by USDA. It estimated yield a full bushel less than last month and production at 4.36s6 billion bushels. Ending stocks were estimated at 380 million bushels. Both estimates from USDA were well below the lowest trade guess. President Trump wants to stop the use of bio fuels as part of his war on the green economy hurt demand ideas for Soybean Oil. The tariffs that Trump plans to impose could be a 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 have planted what is expected to be a very big crop in central and northern areas of the country. Warm and dry weather in the Midwest last year has hurt US production ideas due to ideas of small and very dry beans in the pods. Demand has been very strong so far this year, in part as many buyers try to get bought ahead of any new tariffs that the Trump administration might impose. Soybeans are offered cheaper in South America now.
Overnight News: Cina bought 198,000 tons of US Soybeans,
Analysis: Trends in Soybeans are up. Support is at 1028, 1019, and 1009 March, and resistance is at 1057, 1075, and 1079 March. Trends in Soybean Meal are mixed. Support is at 302.00, 295.00, and 292.00 March, and resistance is at 310.00, 315.00, and 321.00 March. Trends in Soybean Oil are up. Support is at 4370, 4310, and 4220 March, with resistance at 4650, 4790, and 4940 March.

COT — Supplemental Report – Option and Futures Combined Positions as of January 07, 2025
: 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 1,013,280
: Positions :
: 101,937 151,763 289,049 380,282 411,064 196,849 85,368 968,116 937,244: 45,163 76,036
: Changes from: December 31, 2024 (Change in open interest: 8,531) :
: -2,246 -14,209 3,719 -7,229 15,133 8,806 -1,215 3,050 3,428: 5,481 5,103
: Percent of Open Interest Represented by Each Category of Trader :
: 10.1 15.0 28.5 37.5 40.6 19.4 8.4 95.5 92.5: 4.5 7.5
: Total Traders: 576 Number of Traders in Each Category :
: 103 158 176 198 222 50 28 459 490:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of January 07, 2025
: 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 609,747
: Positions :
: 80,457 122,047 124,019 225,867 291,248 147,155 41,091 577,499 578,405: 32,248 31,342
: Changes from: December 31, 2024 (Change in open interest: 7,013) :
: 2,885 3,166 8,163 -7,424 -5,561 3,874 138 7,497 5,907: -484 1,106
: Percent of Open Interest Represented by Each Category of Trader :
: 13.2 20.0 20.3 37.0 47.8 24.1 6.7 94.7 94.9: 5.3 5.1
: Total Traders: 347 Number of Traders in Each Category :
: 88 76 107 103 94 44 24 290 256:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of January 07, 2025
: 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 607,004
: Positions :
: 47,480 114,646 158,569 221,592 261,250 124,457 37,191 552,098 571,655: 54,905 35,349
: Changes from: December 31, 2024 (Change in open interest: -24,456) :
: -14,431 -12,638 -4,059 -2,577 -10,410 -1,732 203 -22,799 -26,905: -1,657 2,449
: Percent of Open Interest Represented by Each Category of Trader :
: 7.8 18.9 26.1 36.5 43.0 20.5 6.1 91.0 94.2: 9.0 5.8
: Total Traders: 331 Number of Traders in Each Category :
: 58 84 95 120 115 39 22 275 265:
——————————————————————————————————————-

PALM OIL AND CANOLA
General Comments: Palm Oil was slightly lower yesterday. Indonesia wants to use a blend of 40% of Plam Oil in its gasoline mixtures, but this has proved to be expensive and might need to be reduced and allow for increased exports. Demand from China has not been good and demand from India has been reduced. Ideas of weaker production caused by too much rain and reports of good demand provided support. Chart trends are down. Canola was higher and the market seems to have finally pushed through the December highs in part due to the bullish USDA reports. The harvest is over in Canada and the crops are locked away in the bin. Producers will try to wait for higher prices before selling much, especially with the cold weather in place now.
Overnight News:
Chart Analysis: Trends in Canola are up. Support is at 634.00, 629.00, and 617.00 March, with resistance at 648.00, 656.00, and 664.00 March. Trends in Palm Oil are mixed to up. Support is at 4410, 4230, and 4170 March, with resistance at 4570, 4650, and 4770 March

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 7, 2025
: 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 22,639 :
: Positions :
: 18,443 10,416 510 5,723 660 440 1,510 0 576 2,330 1,980 :
: Changes from: December 31, 2024 :
: -4,795 -1,285 -10 -522 0 -400 -2,090 0 58 -1,280 360 :
: Percent of Open Interest Represented by Each Category of Trader :
: 81.5 46.0 2.3 25.3 2.9 1.9 6.7 0.0 2.5 10.3 8.7 :
: Number of Traders in Each Category Total Traders: 28 :
: 9 7 . 5 5 . . 0 . 5 . :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 7, 2025
: 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 234,540 :
: Positions :
: 165,921 94,009 10,122 7,683 2,915 16,668 90,237 19,920 9,557 10,184 7,801 :
: Changes from: December 31, 2024 :
: -12,671 7,743 21 -229 424 4,281 -12,081 3,705 948 -2,903 61 :
: Percent of Open Interest Represented by Each Category of Trader :
: 70.7 40.1 4.3 3.3 1.2 7.1 38.5 8.5 4.1 4.3 3.3 :
: Number of Traders in Each Category Total Traders: 290 :
: 67 56 6 . 4 24 56 28 72 39 54 :
—————————————————————————————————————-

Midwest Weather Forecast: Light snow. Temperatures should average below normal.

DJ Malaysian PM Cash Market Prices for Palm Oil – Jan 14
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Tuesday, 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
Jan 1110.00 -20.00 Unquoted – –
Feb 1085.00 -17.50 Unquoted – –
Mar 1085.00 -17.50 Unquoted – –
Apr/May/Jun 1000.00 -12.50 Unquoted – –
Jul/Aug/Sep 985.00 -10.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Jan 1115.00 -20.00 Unquoted – –
Feb 1090.00 -17.50 Unquoted – –
Mar 1090.00 -17.50 Unquoted – –
Apr/May/Jun 1005.00 -12.50 Unquoted – –
Jul/Aug/Sep 990.00 -10.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Jan 1120.00 -15.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Jan 1000.00 -15.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jan 4,800.00 -70.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jan 472.00 -03.00 Unquoted – –
($1=MYR4.503)

DJ China Dalian Grain Futures Closing Prices, Volume – Jan 14
Soybean No. 1
Turnover: 195,578 lots, or 7.73 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-25 3,847 3,853 3,847 3,852 3,821 3,851 30 165 336
Mar-25 3,872 3,905 3,872 3,896 3,857 3,890 33 11,288 39,397
May-25 3,938 3,975 3,937 3,962 3,911 3,954 43 167,882 187,617
Jul-25 3,936 3,975 3,936 3,965 3,913 3,955 42 6,919 35,280
Sep-25 3,952 3,975 3,950 3,970 3,928 3,962 34 6,400 19,405
Nov-25 3,919 3,931 3,910 3,925 3,909 3,921 12 2,924 12,801
Corn
Turnover: 606,102 lots, or 13.71 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-25 2,140 2,150 2,140 2,150 2,172 2,145 -27 1,562 95
Mar-25 2,180 2,188 2,174 2,185 2,168 2,182 14 84,457 381,957
May-25 2,270 2,279 2,264 2,277 2,260 2,272 12 461,647 1,302,270
Jul-25 2,290 2,305 2,289 2,300 2,285 2,297 12 33,706 302,514
Sep-25 2,311 2,328 2,311 2,323 2,308 2,321 13 17,966 79,851
Nov-25 2,266 2,275 2,262 2,270 2,258 2,269 11 6,764 65,614
Soymeal
Turnover: 2,004,249 lots, or 55.82 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-25 2,980 2,998 2,980 2,998 2,871 2,991 120 64 7,540
Mar-25 2,990 3,026 2,961 2,973 2,953 2,984 31 121,487 375,179
May-25 2,740 2,780 2,734 2,753 2,707 2,751 44 1,544,455 2,276,393
Jul-25 2,707 2,744 2,697 2,719 2,675 2,717 42 50,486 308,275
Aug-25 2,865 2,904 2,858 2,884 2,840 2,879 39 17,488 166,373
Sep-25 2,873 2,916 2,865 2,894 2,847 2,889 42 245,005 976,763
Nov-25 2,895 2,940 2,887 2,917 2,869 2,910 41 18,684 209,129
Dec-25 2,963 3,008 2,955 2,981 2,943 2,977 34 6,580 70,519
Palm Oil
Turnover: 754,062 lots, or 65.72 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-25 10,094 10,094 10,094 10,094 10,016 10,094 78 1 457
Feb-25 9,532 9,570 9,462 9,492 9,504 9,528 24 7,188 12,245
Mar-25 9,218 9,268 9,168 9,196 9,190 9,226 36 3,562 17,525
Apr-25 8,932 8,966 8,880 8,912 8,906 8,934 28 331 1,471
May-25 8,730 8,766 8,668 8,710 8,698 8,724 26 705,066 455,733
Jun-25 8,554 8,608 8,530 8,530 8,554 8,566 12 75 1,150
Jul-25 8,460 8,482 8,418 8,420 8,460 8,448 -12 67 1,250
Aug-25 8,374 8,402 8,352 8,398 8,352 8,376 24 67 198
Sep-25 8,344 8,380 8,292 8,322 8,342 8,342 0 37,515 97,521
Oct-25 8,308 8,334 8,262 8,280 8,308 8,306 -2 90 618
Nov-25 8,274 8,310 8,242 8,250 8,274 8,282 8 44 296
Dec-25 8,260 8,310 8,230 8,260 8,264 8,290 26 56 133
Soybean Oil
Turnover: 479,165 lots, or 37.22 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-25 – – – 7,554 7,554 7,554 0 0 59
Mar-25 7,794 7,888 7,782 7,864 7,794 7,838 44 5,735 20,668
May-25 7,726 7,822 7,710 7,790 7,698 7,772 74 438,339 617,493
Jul-25 7,618 7,740 7,618 7,708 7,632 7,698 66 1,846 7,337
Aug-25 7,646 7,764 7,646 7,734 7,648 7,702 54 167 522
Sep-25 7,626 7,724 7,622 7,692 7,608 7,680 72 32,921 136,434
Nov-25 7,646 7,758 7,646 7,728 7,648 7,714 66 135 2,331
Dec-25 7,682 7,746 7,682 7,746 7,646 7,716 70 22 47
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