Grains Report 01/21/2025

DJ Canadian Grain Handling Summary – Jan 17
Winnipeg — The following are Canadian grain handling summary statistics
for the period that ended Jan. 12, 2025. Figures in thousands of metric
tons. Source: Canadian Grain Commission.
Wheat Durum Oats Barley Flax Canola Peas Corn Total
COMMERCIAL STOCKS
This Week 2466.3 627.4 280.5 333.8 28.7 1100.3 321.0 184.6 5994.4
Week Ago 2161.9 541.4 312.0 323.7 28.8 1074.9 278.6 152.9 5522.3
Year Ago 2699.7 945.3 333.5 326.5 54.6 1557.2 382.7 195.7 6910.3
PRODUCER DELIVERIES
This Week 711.1 181.6 71.6 76.4 2.4 467.1 37.5 15.1 1635.9
Week Ago 254.1 82.3 41.3 39.9 1.0 237.4 13.9 18.1 734.0
To Date 11148.0 2893.1 1250.5 1808.2 55.0 9250.3 1676.8 298.3 30669.3
Year Ago 10870.5 1728.0 982.2 1890.1 66.7 7233.8 1746.5 261.2 27096.0
TERMINAL RECEIPTS
This Week 497.4 105.0 3.4 6.9 0.0 233.2 15.4 38.5 985.5
Week Ago 464.2 89.3 7.9 1.4 0.0 242.5 9.7 4.4 956.9
To Date 11314.3 2956.4 259.3 1077.5 14.8 5346.7 1299.3 831.5 27804.8
Year Ago 11772.8 1930.2 269.1 915.8 0.0 3262.7 1035.3 563.7 24497.6
EXPORTS
This Week 611.1 116.3 37.3 1.6 0.2 203.0 0.7 0.0 1168.5
Week Ago 272.4 17.4 24.3 28.9 0.9 189.7 42.9 46.9 683.6
To Date 9321.6 2384.5 715.0 1040.6 31.5 4925.5 1306.5 894.6 24590.9
Year Ago 9393.3 1347.2 684.5 905.1 22.9 2653.8 1028.8 519.2 19836.4
DOMESTIC DISAPPEARANCE
This Week 48.2 21.8 17.8 27.9 1.2 214.0 2.2 22.9 390.9
Week Ago 119.9 13.8 6.5 30.1 0.7 156.0 1.2 20.3 406.3
To Date 2443.9 322.4 415.4 674.6 21.6 5289.1 103.3 547.6 10857.5
Year Ago 2341.2 274.8 381.0 663.8 28.1 4721.4 98.2 612.5 10031.6
Source: MarketsFarm (news@marketsfarm.com)

WHEAT
General Comments: Chicago closed a little higher and Kansas City and Minneapolis were slightly lower last week on reports of weaker overseas values and chart trends are mixed. Russian and Ukrainian prices were soft earlier this week despite less Wheat on offer. Buyer have not been active lately. USDA showed stronger than expected weekly export sales, but the sales were not strong enough to create much meaningful buying interest. The USDA reports were not bullish to Wheat as plantings were higher than trade expectations as were world ending stocks estimates. 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 529, 526, and 520 March, with resistance at 552, 555, and 561 March. Trends in Kansas City are mixed. Support is at 538, 535, and 528 March, with resistance at 563, 568, and 571 March. Trends in Minneapolis are mixed. Support is at 578, 572, and 566 March, and resistance is at 589, 598, and 601 March.

COT — Supplemental Report – Option and Futures Combined Positions as of January 14, 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 571,404
: Positions :
: 74,896 171,513 194,198 105,313 67,202 159,169 104,871 533,576 537,784: 37,828 33,620
: Changes from: January 7, 2025 (Change in open interest: 15,170) :
: 585 914 11,847 -4,930 -140 7,011 3,414 14,514 16,035: 657 -865
: Percent of Open Interest Represented by Each Category of Trader :
: 13.1 30.0 34.0 18.4 11.8 27.9 18.4 93.4 94.1: 6.6 5.9
: Total Traders: 406 Number of Traders in Each Category :
: 110 110 126 103 99 46 34 333 302:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of January 14, 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 300,057
: Positions :
: 36,963 78,028 72,713 67,509 87,105 102,675 41,419 279,860 279,265: 20,197 20,792
: Changes from: January 7, 2025 (Change in open interest: 8,594) :
: -3,399 3,298 3,477 902 1,261 5,753 -1,142 6,732 6,894: 1,861 1,700
: Percent of Open Interest Represented by Each Category of Trader :
: 12.3 26.0 24.2 22.5 29.0 34.2 13.8 93.3 93.1: 6.7 6.9
: Total Traders: 249 Number of Traders in Each Category :
: 47 62 55 74 72 38 21 194 180:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 14, 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 93,690 :
: Positions :
: 43,721 20,637 3,915 489 247 11,665 39,963 10,324 5,185 4,749 6,378 :
: Changes from: January 7, 2025 :
: 422 1,627 288 265 -20 1,478 391 -642 72 138 589 :
: Percent of Open Interest Represented by Each Category of Trader :
: 46.7 22.0 4.2 0.5 0.3 12.5 42.7 11.0 5.5 5.1 6.8 :
: Number of Traders in Each Category Total Traders: 129 :
: 51 35 7 . . 14 25 13 14 8 15 :
—————————————————————————————————————-

RICE:
General Comments: Rice closed higher last week. Futures showed some weakness late in the week on reports of beneficial rains in South American production areas. Argenztina and southern Brazil saw the best rain in a long time and selling was seen in many ag markets with strong South American ties. Prices got very cheap early this Winter but have rebounded as farmers have not been selling. Export sales have not been strong, and domestic demand is there but is not strong enough right now to bid prices much higher. Milling yields have been called poor at 50 lbs instead of 55 lbs. 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 still up the daily charts. Generally weak Asian prices are still reported. Brazil prices remain strong, but the difference is gone to world buyers as the Real is much lower against the US Dollar.
Overnight News:
Chart Analysis: Trends are up. Support is at 1443, 1434 and 1423 March and resistance is at 1487, 1500, and 1516 March.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 14, 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 12,479 :
: Positions :
: 7,671 3,771 0 223 0 303 5,446 5 1,996 304 674 :
: Changes from: January 7, 2025 :
: -351 -129 0 -13 0 188 -6 5 -180 -536 76 :
: Percent of Open Interest Represented by Each Category of Trader :
: 61.5 30.2 0.0 1.8 0.0 2.4 43.6 0.0 16.0 2.4 5.4 :
: Number of Traders in Each Category Total Traders: 76 :
: 24 15 0 . 0 . 20 . 16 5 6 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn closed higher and at new highs for the move last week despite news of better rains for Argentina and southern Brazil. The rains will help preserve strong yield potential although more will be needed soon. The overall market fundamentals remain bullish but might be part of the price for now. USDA surprised the market by cutting yield estimates in its reports released a week ago. The yield and production estimates were below all trade guesses. US ending stocks were equal to the lowest trade estimate. The USDA weekly export sales report showed very 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 next week. 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. The US is also the major supplier to the world of Corn right now so the sales could hold relatively strong even with trade wars possible. It is now 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 489, 499, and 504 March. Trends in Oats are up. Support is at 335, 333, and 329 March, and resistance is at 369, 376, and 383 March.

COT — Supplemental Report – Option and Futures Combined Positions as of January 14, 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 2,371,997
: Positions :
: 312,483 173,684 676,850 649,436 1,142,625 566,209 134,989 2,204,978 2,128,149: 167,018 243,848
: Changes from: January 7, 2025 (Change in open interest: 239,370) :
: 14,737 -7,914 101,460 69,756 120,594 55,179 15,320 241,132 229,459: -1,762 9,911
: Percent of Open Interest Represented by Each Category of Trader :
: 13.2 7.3 28.5 27.4 48.2 23.9 5.7 93.0 89.7: 7.0 10.3
: Total Traders: 868 Number of Traders in Each Category :
: 148 142 202 386 440 54 30 704 719:
——————————————————————————————————————-

SOYBEANS
General Comments: Soybeans closed higher despite reports of beneficial rains seen in southern Brazil and Argentina. More rain will be needed before the harvest to finish the crops, but the reported rains went a long way to keeping yield estimates strong for both regions. The fundamentals remain mixed to bearish. Bullish US production estimates released by USDA a week ago showed that ending stocks are now estimated at 350 million bushels. This is still a lot of Soybeans but much less than before. 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. 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 and in part as the dryness seen before the harvest made US Soybeans easier to store for use down the road. Soybeans are offered cheaper in South America now and the weekly export sales report showed less sales than seen earlier in the season.
Overnight News:
Analysis: Trends in Soybeans are mixed. Support is at 1019, 1009, and 996 March, and resistance is at 1067, 1075, and 1079 March. Trends in Soybean Meal are mixed to down. Support is at 292.00, 285.00, and 282.00 March, and resistance is at 305.00, 310.00, and 315.00 March. Trends in Soybean Oil are up. Support is at 4480, 4370, and 4310 March, with resistance at 4710, 4790, and 4940 March.

COT — Supplemental Report – Option and Futures Combined Positions as of January 14, 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 1,051,694
: Positions :
: 111,798 109,768 303,566 369,480 472,382 221,145 82,375 1,005,989 968,091: 45,705 83,603
: Changes from: January 7, 2025 (Change in open interest: 38,415) :
: 9,861 -41,995 14,517 -10,801 61,319 24,296 -2,994 37,873 30,847: 542 7,568
: Percent of Open Interest Represented by Each Category of Trader :
: 10.6 10.4 28.9 35.1 44.9 21.0 7.8 95.7 92.1: 4.3 7.9
: : : Total Traders: 594 Number of Traders in Each Category :
: 113 162 189 191 233 50 26 472 501:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of January 14, 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 637,270
: Positions :
: 67,378 86,786 141,380 225,358 335,634 172,343 42,331 606,458 606,131: 30,811 31,138
: Changes from: January 7, 2025 (Change in open interest: 27,523) :
: -13,079 -35,261 17,361 -509 44,386 25,187 1,240 28,960 27,727: -1,437 -204
: Percent of Open Interest Represented by Each Category of Trader :
: 10.6 13.6 22.2 35.4 52.7 27.0 6.6 95.2 95.1: 4.8 4.9
: Total Traders: 338 Number of Traders in Each Category :
: 75 81 105 97 102 44 24 280 260:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of January 14, 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 628,503
: Positions :
: 39,676 110,261 167,043 226,879 276,431 138,366 41,572 571,963 595,308: 56,540 33,196
: Changes from: January 7, 2025 (Change in open interest: 21,500) :
: -7,805 -4,385 8,474 5,287 15,182 13,908 4,381 19,865 23,653: 1,635 -2,153
: Percent of Open Interest Represented by Each Category of Trader :
: 6.3 17.5 26.6 36.1 44.0 22.0 6.6 91.0 94.7: 9.0 5.3
: Total Traders: 336 Number of Traders in Each Category :
: 56 89 102 125 113 37 22 289 265:
——————————————————————————————————————-

PALM OIL AND CANOLA
General Comments: Palm Oil was lower last week on demand concerns. The market closed higher today. 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 lower along with the price action in Chicago. The market is holding above 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 down. Support is at 603.00, 592.00, and 589.00 March, with resistance at 628.00, 631.00, and 641.00 March. Trends in Palm Oil are mixed to down. Support is at 4100, 4020, and 3910 April, with resistance at 4300, 4350, and 4440 April.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 14, 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 21,659 :
: Positions :
: 16,603 10,366 510 5,843 620 440 1,710 0 1,516 1,140 1,960 :
: Changes from: January 7, 2025 :
: -1,840 -50 0 120 -40 0 200 0 940 -1,190 -20 :
: Percent of Open Interest Represented by Each Category of Trader :
: 76.7 47.9 2.4 27.0 2.9 2.0 7.9 0.0 7.0 5.3 9.0 :
: Number of Traders in Each Category Total Traders: 29 :
: 9 7 . 5 5 . . 0 6 . . :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of January 14, 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 250,357 :
: Positions :
: 161,963 118,716 10,333 7,241 3,545 30,617 75,097 22,139 10,096 12,044 9,629 :
: Changes from: January 7, 2025 :
: -3,959 24,708 211 -442 631 13,949 -15,140 2,219 540 1,860 1,828 :
: Percent of Open Interest Represented by Each Category of Trader :
: 64.7 47.4 4.1 2.9 1.4 12.2 30.0 8.8 4.0 4.8 3.8 :
: Number of Traders in Each Category Total Traders: 293 :
: 63 57 7 . 6 37 42 26 61 53 56 :
—————————————————————————————————————-

Midwest Weather Forecast: Mostly dry. Temperatures should average above normal.

DJ Malaysian PM Cash Market Prices for Palm Oil – Jan 21
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.
Offer Change Bid Change Traded
Feb 1070.00 +05.00 Unquoted – –
Mar 1040.00 00.00 Unquoted – –
Apr/May/Jun 990.00 +10.00 Unquoted – –
Jul/Aug/Sep 975.00 +07.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Feb 1075.00 +05.00 Unquoted – –
Mar 1045.00 00.00 Unquoted – –
Apr/May/Jun 995.00 +10.00 Unquoted – –
Jul/Aug/Sep 980.00 +07.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Feb 1067.50 +10.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Feb 992.50 +10.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Feb 4,620.00 -10.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Feb 451.00 +02.00 Unquoted – –
($1=MYR4.474)

DJ China Dalian Grain Futures Closing Prices, Volume – Jan 21
Soybean No. 1
Turnover: 145,219 lots, or 5.83 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Mar-25 3,967 3,989 3,947 3,981 3,945 3,969 24 13,401 31,910
May-25 4,025 4,037 4,005 4,032 4,006 4,021 15 121,350 201,687
Jul-25 4,032 4,044 4,011 4,042 4,016 4,028 12 4,855 32,705
Sep-25 4,024 4,045 4,010 4,039 4,018 4,027 9 3,251 18,647
Nov-25 3,962 3,989 3,956 3,988 3,962 3,969 7 2,166 16,592
Jan-26 3,975 3,999 3,970 3,998 3,971 3,983 12 196 485
Corn
Turnover: 678,049 lots, or 15.41 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Mar-25 2,198 2,202 2,183 2,192 2,196 2,192 -4 66,714 306,791
May-25 2,285 2,290 2,269 2,277 2,288 2,278 -10 533,314 1,360,810
Jul-25 2,305 2,312 2,293 2,298 2,308 2,300 -8 43,478 321,457
Sep-25 2,326 2,329 2,309 2,313 2,326 2,316 -10 18,004 83,374
Nov-25 2,260 2,267 2,246 2,256 2,260 2,255 -5 16,076 81,815
Jan-26 2,259 2,264 2,251 2,258 2,262 2,255 -7 463 1,483
Soymeal
Turnover: 2,706,222 lots, or 77.96 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Mar-25 3,083 3,215 3,071 3,166 3,040 3,144 104 262,997 338,407
May-25 2,813 2,865 2,800 2,849 2,790 2,830 40 1,963,749 2,297,636
Jul-25 2,790 2,821 2,772 2,812 2,763 2,797 34 59,896 305,033
Aug-25 2,938 2,975 2,926 2,959 2,918 2,949 31 20,727 162,312
Sep-25 2,946 2,985 2,934 2,968 2,927 2,957 30 345,542 997,971
Nov-25 2,960 3,002 2,954 2,986 2,949 2,974 25 31,767 193,439
Dec-25 2,998 3,045 2,996 3,036 2,991 3,021 30 15,287 76,102
Jan-26 3,004 3,025 2,983 3,012 2,978 3,007 29 6,257 11,887
Palm Oil
Turnover: 859,602 lots, or 72.61 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Feb-25 9,302 9,448 9,278 9,332 9,248 9,350 102 9,810 6,212
Mar-25 8,898 8,994 8,850 8,858 8,894 8,920 26 7,803 16,154
Apr-25 8,612 8,690 8,594 8,598 8,596 8,644 48 867 1,409
May-25 8,410 8,510 8,390 8,446 8,396 8,446 50 794,968 448,253
Jun-25 8,264 8,374 8,264 8,320 8,248 8,318 70 126 1,168
Jul-25 8,172 8,298 8,172 8,240 8,172 8,246 74 98 1,213
Aug-25 8,150 8,202 8,136 8,202 8,150 8,180 30 21 202
Sep-25 8,128 8,218 8,104 8,154 8,108 8,154 46 45,569 104,351
Oct-25 8,106 8,170 8,080 8,148 8,078 8,130 52 28 695
Nov-25 8,074 8,152 8,064 8,100 8,118 8,126 8 35 1,090
Dec-25 8,092 8,164 8,062 8,098 8,116 8,110 -6 27 884
Jan-26 8,070 8,146 8,064 8,100 8,050 8,112 62 250 319
Soybean Oil
Turnover: 496,118 lots, or 38.31 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Mar-25 7,842 8,014 7,798 8,014 7,780 7,896 116 15,177 18,727
May-25 7,710 7,808 7,642 7,784 7,652 7,724 72 436,463 598,471
Jul-25 7,622 7,690 7,560 7,670 7,562 7,628 66 1,504 7,703
Aug-25 7,648 7,718 7,598 7,706 7,588 7,660 72 58 882
Sep-25 7,640 7,700 7,564 7,676 7,584 7,632 48 42,757 147,233
Nov-25 7,650 7,728 7,612 7,700 7,622 7,672 50 63 2,345
Dec-25 7,650 7,760 7,650 7,740 7,672 7,710 38 6 74
Jan-26 7,690 7,762 7,610 7,728 7,640 7,688 48 90 198
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