Grains Report 05/12/2025

US and China reach deal to temporarily slash tariffs, easing slump fears – Reuters News
12 May 2025 06:51:02 AM
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• Geneva talks mark first high-level US-China meeting since Trump’s return
• Trade war halted $600 billion in bilateral trade, sparking stagflation fears
• New economic dialogue forum agreed by US and China post-talks
GENEVA, May 12 (Reuters) – The United States and China have agreed to temporarily slash reciprocal tariffs in a deal that surpassed expectations as the world’s two biggest economies seek to end a damaging trade war that has stoked fears of recession and roiled financial markets.
The U.S. will cut extra tariffs it imposed on Chinese imports in April this year to 30% from 145% and Chinese duties on U.S. imports will fall to 10% from 125%, the two sides said on Monday. The new measures are effective for 90 days.
The dollar rose and stock markets lifted following the news, which helped allay concerns about a downturn triggered last month by U.S. President Donald Trump’s escalation of tariff measures aimed at narrowing the U.S. trade deficit.
“Both countries represented their national interest very well,” U.S. Treasury Secretary Scott Bessent said after talks with Chinese officials in Geneva. “We both have an interest in balanced trade, the U.S. will continue moving towards that.”
Striking a conciliatory tone towards China, Bessent was speaking alongside U.S. Trade Representative Jamieson Greer after the weekend talks in Switzerland in which both sides hailed progress on narrowing differences.
“The consensus from both delegations this weekend is neither side wants a decoupling,” Bessent said. “And what had occurred with these very high tariffs … was the equivalent of an embargo, and neither side wants that. We do want trade.”
The tariff dispute had brought nearly $600 billion in two-way trade to a standstill, disrupting supply chains, sparking fears of stagflation and triggering some layoffs.
The Geneva meetings were the first face-to-face interactions between senior U.S. and Chinese economic officials since Trump returned to power and launched a global tariff blitz, imposing particularly hefty duties on China.
Bessent said the deal did not include sector-specific tariffs and that the U.S. would continue strategic rebalancing in areas including medicines, semiconductors and steel where it had identified supply chain vulnerabilities.
The accord went further than many analysts had expected following weeks of confrontational rhetoric on trade.
“This is better than I expected. I thought tariffs would be cut to somewhere around 50%,” said Zhiwei Zhang, chief economist at Pinpoint Asset Management in Hong Kong.
“Obviously, this is very positive news for economies in both countries and for the global economy, and makes investors much less concerned about the damage to global supply chains in the short term,” Zhang added.
REPRIEVE
Since taking office in January, Trump had hiked the tariffs paid by U.S. importers for goods from China to 145%, in addition to those he imposed on many Chinese goods during his first term and the duties levied by the Biden administration.
China hit back by putting export curbs on some rare earth elements, vital for U.S. manufacturers of weapons and electronic consumer goods, and raising tariffs on U.S. goods to 125%.
Shares in European firms hit by the trade war rallied after the deal. Shipping company Maersk MAERSKb.CO was the biggest gainer in Europe, up more than 12%. It warned last week that container volumes between the U.S. and China had plunged due to the dispute.
Meanwhile, shares in luxury firms LVMH LVMH.PA and Gucci-owner Kering PRTP.PA were up 7.4% and 6.7% respectively.
U.S. planemaker Boeing did not respond to requests for comment on how the deal would affect deliveries of aircraft to Chinese customers. In April, it said it was looking to resell potentially dozens of planes locked out of China by tariffs.
Wall Street stock futures climbed as the talks boosted hopes a global recession might be averted.
Trump gave a positive reading of the talks before they had concluded, saying the two sides had negotiated “a total reset… in a friendly, but constructive, manner.”
The president levied the tariffs in part after declaring a national emergency over fentanyl entering the United States, and Greer said conversations over curbing the deadly opioid were “very constructive” though on a separate track.
U.S. and Chinese officials met over two days at the Swiss U.N. ambassador’s gated villa overlooking Lake Geneva. Greer said many of the most challenging issues were settled outside, sitting on patio furniture beneath the shade of a tall tree.
“Having this setting, as opposed to … a sterile hotel conference situation or conference rooms, I think, let us develop personal relationships with our counterparts and lead to the successful conclusion,” he said.

DJ CBOT Delivery Intentions: Totals – May 12
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN OIL May May 13, 2025 1 Apr 29, 2025
ROUGH RICE May May 13, 2025 12 May 05, 2025
CORN May May 13, 2025 12 Apr 30, 2025
OATS May May 13, 2025 1 May 05, 2025
SOYBEAN May May 13, 2025 1 Apr 29, 2025
WHEAT May May 13, 2025 5 May 09, 2025
MINI-SIZED WHEAT May May 13, 2025 15 Apr 28, 2025

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 Monday.
U.S. Corn, Soybean Production (million bushels)
Average Range USDA 2024
Corn Production 15,799 15,700-15,928 14,867
Soybean Production 4,325 4,228-4,358 4,366
****
U.S. 2024-25 Stockpiles (millions)
Average Range USDA April
Corn 1,444 1,385-1,515 1,465
Soybeans 370 350-392 375
Wheat 845 816-866 846
U.S. 2025-26 Stockpiles (millions)
Average Range USDA April
Corn 2,044 1,800-2,260 N/A
Soybeans 351 265-550 N/A
Wheat 848 771-920 N/A
****
World Stockpiles (million metric tons)
2024-25
Average Range USDA April
Corn 287.4 285.4-290.0 287.7
Soybeans 122.6 121.0-124.0 122.5
Wheat 260.7 259.0-261.6 260.7
World Stockpiles (million metric tons)
2025-26
Average Range USDA April
Corn 296.0 279.7-308.0 N/A
Soybeans 125.3 120.7-133.2 N/A
Wheat 259.8 250.2-271.1 N/A
****
2025-26 WHEAT PRODUCTION
Average Range USDA 2024-25
All Wheat 1,896 1,800-2,000 1,971
Winter Wheat 1,333 1,272-1,385 1,349
Hard Red Winter 758 712-800 770
Soft Red Winter 341 320-358 342
White Winter 234 220-246 236
****
2024-25 Brazil Corn, Soybean Production (million metric tons)
Average Range USDA April
Corn 127.1 124.0-132.4 126.0
Soybeans 169.1 168.0-170.0 169.0
2024-25 Argentina Corn, Soybean Production (million metric tons)
Average Range USDA April
Corn 49.8 48.5-51.0 50.0
Soybeans 49.3 48.5-50.0 49.0

WHEAT
General Comments: All three markets closed lower last week, and the Winter Wheat markets traded to new lows for the move. Winter crops in the Great Plains are reported to be in good condition, but Spring Wheat crops in the northern Great Plains and into Canada have been dry. Rain is moderate in the southern Midwest and Mid South. Chart trends are turning down in Winter Wheat markets and mixed in Minneapolis. Enough Wheat has always been available to the market and demand for US Wheat in export markets has been poor. Dry outlooks for the Black Sea regions are still a main feature. Overall demand for world Wheat has been weak. The first part of the week will be dominated by the USDA production and suppl and demand reports.
Overnight News:
Chart Analysis: Trends in Chicago are mixed to down. Support is at 516, 510, and 504 July, with resistance at 540, 545, and 548 July. Trends in Kansas City are down. Support is at 511, 506, and 500 July, with resistance at 531, 547, and 557 July. Trends in Minneapolis are mixed to down. Support is at 590, 584, and 578 July, and resistance is at 606, 617, and 621 July.

COT — Supplemental Report – Option and Futures Combined Positions as of May 06, 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 525,539
: Positions :
: 64,163 168,323 171,195 122,800 61,350 126,476 91,929 484,634 492,798: 40,905 32,741
: Changes from: April 29, 2025 (Change in open interest: 14,052) :
: 3,972 -8,454 10,860 -1,850 4,973 3,158 6,929 16,140 14,308: -2,088 -257
: Percent of Open Interest Represented by Each Category of Trader :
: 12.2 32.0 32.6 23.4 11.7 24.1 17.5 92.2 93.8: 7.8 6.2
: Total Traders: 401 Number of Traders in Each Category :
: 113 103 125 106 91 48 30 325 297:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of May 06, 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 298,195
: Positions :
: 30,865 100,180 74,116 77,891 63,091 92,486 40,728 275,358 278,117: 22,837 20,078
: Changes from: April 29, 2025 (Change in open interest: 16,953) :
: 2,112 3,214 12,200 1,020 -891 1,475 3,075 16,807 17,599: 145 -646
: Percent of Open Interest Represented by Each Category of Trader :
: 10.4 33.6 24.9 26.1 21.2 31.0 13.7 92.3 93.3: 7.7 6.7
: Total Traders: 254 Number of Traders in Each Category :
: 56 66 70 79 62 36 19 206 183:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 6, 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 71,785 :
: Positions :
: 36,410 19,490 3,427 1,196 627 10,370 33,496 3,267 4,096 2,083 2,777 :
: Changes from: April 29, 2025 :
: -3,992 -3,195 -150 -226 -30 -219 3,793 -874 177 -2,993 -782 :
: Percent of Open Interest Represented by Each Category of Trader :
: 50.7 27.2 4.8 1.7 0.9 14.4 46.7 4.6 5.7 2.9 3.9 :
: Number of Traders in Each Category Total Traders: 113 :
: 48 33 6 . 5 10 25 8 9 4 7 :
—————————————————————————————————————-

RICE:
General Comments: Rice closed lower last week despite improved weekly export sales. The report showed improved sales but was not strong enough to excite anyone as the sales were not that strong. This week marks the release of the USDA production and supply and demand reports. The cash market has been slow with mostly quiet domestic markets and average export demand. Export sales have not been strong, and domestic demand is not strong enough right now to bid prices any higher. Milling quality of the Rice remains below industry standards and it takes more Rough Rice to create the grain for sale to stores and exporters. Rice is planted in southern growing areas now and is about half done farther to the north. Condition has been rated as good so far by private sources.
Overnight News:
Chart Analysis: Trends are down. Support is at 1255, 1225, and 1212 July and resistance is at 1310, 1337, and 1346 July.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 6, 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 12,692 :
: Positions :
: 6,214 2,111 0 149 0 295 5,868 176 1,658 658 1,517 :
: Changes from: April 29, 2025 :
: -328 -60 0 2 0 15 54 11 42 -211 139 :
: Percent of Open Interest Represented by Each Category of Trader :
: 49.0 16.6 0.0 1.2 0.0 2.3 46.2 1.4 13.1 5.2 12.0 :
: Number of Traders in Each Category Total Traders: 71 :
: 18 13 0 . 0 . 22 . 18 5 7 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn closed lower last week as the market reacted to better planting weather in the Midwest. Warmer and drier weather is in the forecast. Demand for Corn in domestic and world markets remains strong with sales and shipments of above 1.6 million tons in the latest reporting week. It has become warmer and drier in much of the Midwest and planting progress is expected to be much improved this week. Oats were lower, and the trends are mixed in this market after futures could not hold at new highs for the move early in the week.
Overnight News:
Chart Analysis: Trends in Corn are down. Support is at 442, 438, and 432 July, and resistance is at 462, 470, and 480 July. Trends in Oats are mixed. Support is at 336, 332, and 326 July, and resistance is at 350, 353, and 362 July.

COT — Supplemental Report – Option and Futures Combined Positions as of May 06, 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 2,020,755
: Positions :
: 147,828 251,979 579,082 613,012 830,331 501,867 145,069 1,841,789 1,806,462: 178,967 214,294
: Changes from: April 29, 2025 (Change in open interest: 21,329) :
: -36,686 14,108 33,449 30,235 -38,502 -16,192 8,415 10,805 17,469: 10,524 3,860
: Percent of Open Interest Represented by Each Category of Trader :
: 7.3 12.5 28.7 30.3 41.1 24.8 7.2 91.1 89.4: 8.9 10.6
: Total Traders: 787 Number of Traders in Each Category :
: 120 138 180 362 398 50 26 637 646:
——————————————————————————————————————-

SOYBEANS
General Comments: All three markets were lower last week on reports that Brazil prices were now competitive with those from the US in world markets. China and the US were meeting this weekend in Geneva, Switzerland. No breakthroughs were expected but it was hoped that the talks would be smooth and cordial. The reports of demand have remained solid for US Soybeans as China has been taking almost all the export from South America. Deferred months were lower as the weather is forecast to be much better for planting this week. Warmer temperatures and drier conditions are expected this week.
Overnight News Mexico bought 120,000 tons of US Soybeans.
Analysis: Trends in Soybeans are mixed. Support is at 1037, 1021, and 1009 July, and resistance is at 1062, 1067, and 1070 July. Trends in Soybean Meal are mixed. Support is at 290.00, 287.00, and 284.00 July, and resistance is at 300.00, 302.00, and 306.00 July. Trends in Soybean Oil are mixed to down. Support is at 4730, 4650, and 4620 July, with resistance at 4920, 5010, and 5110 July.

COT — Supplemental Report – Option and Futures Combined Positions as of May 06, 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 986,918
: Positions :
: 95,358 104,635 308,929 330,657 450,737 200,533 53,560 935,476 917,861: 51,441 69,056
: Changes from: April 29, 2025 (Change in open interest: 36,817) :
: -7,437 7,608 22,894 14,305 5,266 5,466 1,523 35,227 37,290: 1,590 -473
: Percent of Open Interest Represented by Each Category of Trader :
: 9.7 10.6 31.3 33.5 45.7 20.3 5.4 94.8 93.0: 5.2 7.0
: Total Traders: 551 Number of Traders in Each Category :
: 111 131 172 186 213 49 23 440 455:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of May 06, 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 644,033
: Positions :
: 84,280 87,908 162,065 194,320 343,190 166,818 23,692 607,483 616,855: 36,550 27,177
: Changes from: April 29, 2025 (Change in open interest: 31,646) :
: 726 8,259 16,974 10,503 4,040 5,056 2,463 33,259 31,737: -1,613 -91
: Percent of Open Interest Represented by Each Category of Trader :
: 13.1 13.6 25.2 30.2 53.3 25.9 3.7 94.3 95.8: 5.7 4.2
: Total Traders: 349 Number of Traders in Each Category :
: 81 84 112 98 110 46 19 289 268:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of May 06, 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 633,063
: Positions :
: 58,502 153,798 151,242 248,335 253,912 120,230 43,701 578,309 602,652: 54,755 30,411
: Changes from: April 29, 2025 (Change in open interest: 25,649) :
: 4,635 7,298 6,941 9,258 7,825 1,569 2,491 22,403 24,554: 3,246 1,094
: Percent of Open Interest Represented by Each Category of Trader :
: 9.2 24.3 23.9 39.2 40.1 19.0 6.9 91.4 95.2: 8.6 4.8
: Total Traders: 350 Number of Traders in Each Category :
: 68 95 94 123 105 38 20 280 267:
——————————————————————————————————————-

PALM OIL AND CANOLA
General Comments: Palm Oil futures were lower last week and the market was closed today for a holiday. Ideas of increasing production and reduced demand are still around. Chart trends are down. Canola was higher last week despite forecasts for improved planting and development conditions in the Prairies. Trends are mixed on the daily charts and on the weekly charts. Canadian goods were exempted from the new round of tariffs but still must deal with the tariffs previously imposed by the US. The weather has generally been good for planting in the Prairies but it is too dry in some areas.
Overnight News:
Chart Analysis: Trends in Canola are mixed. Support is at 689.00, 680.00, and 662.00 July, with resistance at 714.00, 720.00, and 726.00 July. Trends in Palm Oil are mixed to down. Support is at 3720, 3660, and 3600 July, with resistance at 3970, 4030, and 4150 July.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 6, 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 16,212 :
: Positions :
: 10,808 9,463 442 3,318 420 859 0 61 1,642 960 1,940 :
: Changes from: April 29, 2025 :
: -887 -398 -128 93 -380 -40 0 -199 -30 -780 110 :
: Percent of Open Interest Represented by Each Category of Trader :
: 66.7 58.4 2.7 20.5 2.6 5.3 0.0 0.4 10.1 5.9 12.0 :
: Number of Traders in Each Category Total Traders: 24 :
: 7 7 . 4 . . 0 . 5 . . :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 6, 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 244,413 :
: Positions :
: 89,922 164,095 5,167 10,832 2,216 103,129 22,770 15,218 13,551 14,093 13,476 :
: Changes from: April 29, 2025 :
: 2,563 8,419 -1,742 2,147 82 9,314 -4,766 1,310 -1,009 3,586 3,038 :
: Percent of Open Interest Represented by Each Category of Trader :
: 36.8 67.1 2.1 4.4 0.9 42.2 9.3 6.2 5.5 5.8 5.5 :
: Number of Traders in Each Category Total Traders: 310 :
: 47 55 6 4 6 76 19 28 56 67 41 :
—————————————————————————————————————-

Midwest Weather Forecast Mostly dry conditions or isolated showers Temperatures should average near to above normal.

DJ China Dalian Grain Futures Closing Prices, Volume – May 12
Soybean No. 1
Turnover: 257,743 lots, or 10.71 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-25 – – – 4,133 4,133 4,133 0 0 230
Jul-25 4,162 4,185 4,127 4,176 4,175 4,156 -19 174,401 152,799
Sep-25 4,165 4,188 4,132 4,184 4,182 4,161 -21 64,806 96,203
Nov-25 4,118 4,129 4,073 4,115 4,126 4,103 -23 10,352 41,490
Jan-26 4,102 4,117 4,063 4,107 4,107 4,091 -16 3,874 7,628
Mar-26 4,102 4,116 4,062 4,104 4,108 4,090 -18 4,310 3,787
Corn
Turnover: 892,132 lots, or 2.11 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-25 2,343 2,400 2,322 2,325 2,333 2,340 7 4,561 9,160
Jul-25 2,380 2,389 2,355 2,363 2,370 2,367 -3 675,649 1,453,598
Sep-25 2,385 2,398 2,365 2,375 2,382 2,374 -8 150,772 422,170
Nov-25 2,319 2,330 2,299 2,306 2,315 2,307 -8 31,144 197,240
Jan-26 2,282 2,290 2,268 2,273 2,279 2,274 -5 18,777 61,554
Mar-26 2,275 2,283 2,265 2,270 2,273 2,270 -3 11,229 24,519
Soymeal
Turnover: 2,405,049 lots, or 69.29 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-25 2,801 2,812 2,724 2,762 2,801 2,771 -30 741 15,697
Jul-25 2,771 2,776 2,718 2,750 2,782 2,747 -35 265,187 554,727
Aug-25 2,891 2,897 2,852 2,894 2,901 2,880 -21 30,371 192,580
Sep-25 2,905 2,911 2,865 2,908 2,913 2,893 -20 1,806,635 2,579,668
Nov-25 2,940 2,944 2,899 2,941 2,943 2,926 -17 59,535 315,006
Dec-25 2,974 2,974 2,935 2,969 2,972 2,958 -14 9,832 83,278
Jan-26 2,953 2,954 2,913 2,948 2,953 2,938 -15 204,192 575,424
Mar-26 2,843 2,857 2,822 2,853 2,844 2,841 -3 28,556 98,731
Palm Oil
Turnover: 714,679 lots, or 56.88 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-25 8,226 8,450 8,226 8,450 8,226 8,346 120 9 333
Jun-25 8,134 8,212 8,098 8,190 8,134 8,154 20 4,509 5,844
Jul-25 8,020 8,110 7,986 8,100 8,020 8,048 28 4,519 13,151
Aug-25 7,974 8,064 7,942 8,062 7,972 8,016 44 397 1,116
Sep-25 7,930 8,030 7,898 8,024 7,940 7,956 16 674,022 404,100
Oct-25 7,916 8,022 7,914 8,022 7,940 7,974 34 270 1,552
Nov-25 7,930 8,012 7,908 8,006 7,958 7,978 20 128 757
Dec-25 7,918 8,020 7,918 8,018 7,936 7,978 42 72 274
Jan-26 7,918 8,026 7,896 8,022 7,944 7,956 12 30,678 84,232
Feb-26 7,918 8,016 7,918 8,016 7,940 7,964 24 13 811
Mar-26 7,902 8,012 7,900 8,012 7,932 7,950 18 53 114
Apr-26 7,900 7,990 7,900 7,962 7,922 7,956 34 9 50
Soybean Oil
Turnover: 449,057 lots, or 34.97 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-25 7,970 7,970 7,970 7,970 7,926 7,970 44 5 1,198
Jul-25 7,826 7,838 7,758 7,814 7,838 7,796 -42 11,739 28,430
Aug-25 7,824 7,824 7,744 7,802 7,822 7,786 -36 1,886 7,648
Sep-25 7,802 7,820 7,744 7,814 7,812 7,786 -26 394,521 612,753
Nov-25 7,818 7,834 7,770 7,832 7,822 7,810 -12 197 2,097
Dec-25 7,810 7,836 7,768 7,836 7,822 7,806 -16 103 260
Jan-26 7,798 7,830 7,744 7,808 7,794 7,782 -12 40,518 114,848
Mar-26 7,716 7,756 7,694 7,748 7,732 7,738 6 88 1,013
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