Grains Report 10/14/2024

DJ CBOT Delivery Intentions: Totals – Oct 12
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN OIL October Oct 15, 2024 31 Sep 30, 2024

DJ USDA Report: Summary for U.S. Agriculture Supply, Demand Report
Following are key numbers from the USDA’s crop report and how the government’s estimates compared to analysts’ forecasts in a Wall Street Journal survey.
U.S. 2024 Corn, Soybean Production (million bushels)
Friday’s Average USDA
USDA Est. Forecast Range Sept.
Corn Production 15,203.0 15,158 15,018-15,258 15,186
Corn Yield 183.8 183.4 181.6-184.5 183.6
Harvested Acres 82.7 82.6 82.0-82.7 82.7
Soybean Production 4,582.0 4,572 4,462-4,660 4,586
Soybean Yield 53.1 53.0 51.7-54.0 53.2
Harvested Acres 86.3 86.3 85.8-86.3 86.3
****
U.S. 2024-25 Stockpiles (millions)
Friday’s Average USDA
USDA Est. Forecast Range Sept.
Corn 1,999.0 1,940 1,835-2,100 2,057
Soybeans 550.0 542 486-660 550
Wheat 812.0 821 788-843 828
****
World Stockpiles (million metric tons)
2023-24
Friday’s Average USDA
USDA Est. Forecast Range Sept.
Corn 312.7 308.7 307.0-309.6 309.6
Soybeans 112.4 112.2 111.1-113.0 112.3
Wheat 266.2 265.0 262.0-266.0 265.3
2024-25
Friday’s Average USDA
USDA Est. Forecast Range Sept.
Corn 306.5 306.9 304.0-309.0 308.4
Soybeans 134.7 134.3 132.4-136.0 134.6
Wheat 257.7 256.4 254.5-258.8 257.2

DJ USDA Supply/Demand: Crop Summary – Oct 11
U.S. ending stocks in million bushels, except soyoil in million pounds,
cotton in million (480 pound) bales and rice in million cwt. Exports and
Production in million metric tons except cotton in million (480 pound) bales.
Projections based on trends and analysts’ judgments, not survey
date. Source: USDA’s World Agricultural Outlook Board.
======U.S.====== ================WORLD=======================
Ending Stocks Exports Production
24/25 23/24 22/23: 24/25 23/24 22/23: 24/25 23/24 22/23
Soybeans 550.0 342.0 264.0:181.53 176.87 171.76:428.92 394.71 378.70
Brazil na na na:105.00 104.17 95.50:169.00 153.00 162.00
Argentina na na na: 4.50 5.10 4.19: 51.00 48.10 25.00
China na na na: 0.10 0.07 0.09: 20.70 20.84 20.28
Soyoil 1,787 1,622 1,607: 12.00 11.85 11.71: 65.54 62.63 59.62
Corn 1,999 1,760 1,360:190.50 195.77 180.24: 1,217 1,226 1,161
China na na na: 0.02 0.02 0.01:292.00 288.84 277.20
Argentina na na na: 36.00 32.00 25.24: 51.00 50.00 37.00
S.Africa na na na: 3.20 2.00 3.44: 17.00 13.40 17.10
Cotton(a) 4.10 3.15 4.65: 42.47 44.75 36.78:116.64 113.66 116.46
All Wheat 812 696 570:215.82 221.32 221.73:794.08 790.38 789.49
China na na na: 1.00 1.04 0.95:140.00 136.59 137.72
European
Union na na na: 30.00 37.87 35.08:123.00 134.87 134.29
Canada na na na: 26.00 25.44 25.59: 35.00 32.95 34.81
Argentina na na na: 11.50 8.20 3.66: 18.00 15.85 12.55
Australia na na na: 25.00 20.00 31.82: 32.00 25.96 40.55
Russia na na na: 48.00 55.50 49.00: 82.00 91.50 92.00
Ukraine na na na: 16.00 18.58 17.12: 22.90 23.00 21.50
Sorghum 30.0 31.0 24.0: na na na: na na na
Barley 69.0 78.0 66.0: na na na: na na na
Oats 35.0 36.0 35.0: na na na: na na na
Rice 45.7 39.4 30.3: 56.47 54.29 54.64:530.44 521.52 516.02

WHEAT
General Comments: All three markets closed lower on Friday in response to the USDA reports, but higher last week as the dry weather outlook continues for Russia and the US. USDA cut yield and production and demand in the reports on Friday and ending stocks were a little lower. At least two Wheat producing regions in Russia have declared a state of emergency for Wheat producers due to a lack of rain and little to no rain has been a problem with Winter Wheat planting in the US. World prices were steady despite weather problems here in the US and around the globe as demand apparently has improved from being less over the last week. Ideas are that the Great Plains are too hot and dry for best Wheat development are still around as the Winter crop gets planted. It is also hot and dry in western Canada. Cash markets in Russia were higher and are now about $230.00/ton as production estimates remain lower and two regions have now declared a farming emergency due to the hot and dry weather. The Russin Ag minister asked farmers to pray for better conditions earlier this week. Ideas of good crops just harvested in the US and Canada 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.
Overnight News:
Chart Analysis: Trends in Chicago are mixed. Support is at 583, 576, and 564 December, with resistance at 617, 658, and 677 December. Trends in Kansas City are mixed. Support is at 591, 579, and 571 December, with resistance at 623, 633, and 672 December. Trends in Minneapolis are mixed. Support is at 632, 624, and 611 December, and resistance is at 655, 693, and 704 December.

COT — Supplemental Report – Option and Futures Combined Positions as of October 08, 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 473,349
: Positions :
: 42,808 107,431 157,507 89,621 108,754 149,846 60,448 439,782 434,139: 33,567 39,210
: Changes from: October 1, 2024 (Change in open interest: 16,567) :
: -7,999 -4,228 22,245 1,478 -5,298 1,134 3,715 16,857 16,433: -291 133
: Percent of Open Interest Represented by Each Category of Trader :
: 9.0 22.7 33.3 18.9 23.0 31.7 12.8 92.9 91.7: 7.1 8.3
: Total Traders: 377 Number of Traders in Each Category :
: 83 101 127 100 110 48 34 312 302:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of October 08, 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 243,179
: Positions :
: 28,453 45,331 52,557 51,585 90,732 91,258 31,538 223,852 220,157: 19,326 23,021
: Changes from: October 1, 2024 (Change in open interest: -13,363) :
: -9,370 -12,554 1,425 -6,230 2,618 2,109 -3,915 -12,066 -12,424: -1,297 -938
: Percent of Open Interest Represented by Each Category of Trader :
: 11.7 18.6 21.6 21.2 37.3 37.5 13.0 92.1 90.5: 7.9 9.5
: Total Traders: 245 Number of Traders in Each Category :
: 46 51 54 78 81 38 23 190 184:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 1, 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 75,060 :
: Positions :
: 34,852 25,316 3,128 248 174 10,755 24,509 7,402 2,464 2,576 3,948 :
: Changes from: September 24, 2024 :
: 278 1,176 -33 -105 -26 2,260 350 -1,091 -264 638 106 :
: Percent of Open Interest Represented by Each Category of Trader :
: 46.4 33.7 4.2 0.3 0.2 14.3 32.7 9.9 3.3 3.4 5.3 :
: Number of Traders in Each Category Total Traders: 112 :
: 50 36 6 . 4 8 21 10 9 6 10 :
—————————————————————————————————————-

RICE
General Comments: Rice closed lower and trends are turning down on the daily charts in response to the USDA reports released on Friday. USDA made no significant changes to the supply side or the demand side of the ledger and so no one was offered a reason to buy. Lower Asian prices are reported after India opened up exports for non Basmati White Rice last week. Brazil prices remain strong and well above US prices. 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.
Overnight News:
Chart Analysis: Trends are mixed to down. Support is at 1489, 1479, and 1468 November and resistance is at 1514, 1530, and 1540 November.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 1, 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 9,946 :
: Positions :
: 5,335 6,730 64 0 0 447 1,242 3 1,832 47 816 :
: Changes from: September 24, 2024 :
: -112 -91 -125 0 0 -320 9 2 296 -38 40 :
: Percent of Open Interest Represented by Each Category of Trader :
: 53.6 67.7 0.6 0.0 0.0 4.5 12.5 0.0 18.4 0.5 8.2 :
: Number of Traders in Each Category Total Traders: 62 :
: 24 18 . 0 0 . 8 . 17 . 9 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn and Oats closed lower with active harvest conditions in the Midwest and in response to the USDA reports. USDA increased yields, production, and ending stocks more than expected by the trade. Yield reports have been mixed, with many now complaining about the dry weather hurting yield potential. Corn is often coming to the elevator at levels at 10% to 12% moisture instead of the desired 14% moisture and it has made a difference in yields overall. It remains dry in the Midwest, and there are now forecasts for dry conditions and cooler temperatures in the Midwest for the coming week and beyond. Ideas are that the production data seen last month will be the biggest seen all year due to the dry August and September in most of the Midwest. Producers plan to hold new crop supplies in hopes for higher prices. Increased US demand comes from the fact that Corn prices are already the cheapest in the world.
Overnight News:
Chart Analysis: Trends in Corn are mixed to down. Support is at 415, 409, and 401 December, and resistance is at 424, 428, and 434 September. Trends in Oats are mixed. Support is at 373, 357, and 349 December, and resistance is at 397, 404, and 410 December

COT — Supplemental Report – Option and Futures Combined Positions as of October 08, 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 1,908,605
: Positions :
: 134,806 204,399 621,589 545,391 710,369 438,952 128,409 1,740,737 1,664,767: 167,868 243,839
: Changes from: October 1, 2024 (Change in open interest: 5,729) :
: -2,993 -30,564 5,915 11,216 44,841 2,785 -19,706 16,922 486: -11,194 5,243
: Percent of Open Interest Represented by Each Category of Trader :
: 7.1 10.7 32.6 28.6 37.2 23.0 6.7 91.2 87.2: 8.8 12.8
: Total Traders: 802 Number of Traders in Each Category :
: 136 154 203 343 368 51 32 651 658:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 1, 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 4,136 :
: Positions :
: 670 2,321 257 250 47 642 199 0 583 204 152 :
: Changes from: September 24, 2024 :
: 17 204 -20 0 12 108 0 0 -14 15 32 :
: Percent of Open Interest Represented by Each Category of Trader :
: 16.2 56.1 6.2 6.0 1.1 15.5 4.8 0.0 14.1 4.9 3.7 :
: Number of Traders in Each Category Total Traders: 23 :
: 8 7 . . . 4 . 0 4 . . :
—————————————————————————————————————-

SOYBEANS
General Comments: Soybeans and the products were a little lower yesterday as Brazilian farmers are planting what is expected to be a very big crop in central and northern areas of the country and in response to the UDA reports. USDA estimated Soybean yields and production above trade estimates. Traders were also disappointed that China did not announce new economic support measures for its economy last week with the country returning to work. May had expected some important new moves o support the Chinese economy by the government but were disappointed. Warm and dry weather in the Midwest recently has hurt production ideas due to ideas of small and very dry beans in the pods. Soybeans ae often harvested at moisture levels below 10% this year. Dry weather will last all week and into next week. Central and northern Brazil has also been dry and reports indicate that soil moisture levels are at 30 year lows. Rains should start today and will stick around as it looks like the rainy season is now underway. Soils are in much better shape in southern Brazil and Argentina.
Overnight News:
Analysis: Trends in Soybeans are mixed to down. Support is at 1002, 996, and 973 November, and resistance is at 1027, 1039, and 1055 November. Trends in Soybean Meal are mixed to down. Support is at 313.00, 307.00, and 300.00 December, and resistance is at 320.00, 327.00, and 332.00 December. Trends in Soybean Oil are mixed. Support is at 4240, 4190, and 4140 December, with resistance at 4430, 4530, and 4560 December.

COT — Supplemental Report – Option and Futures Combined Positions as of October 08, 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 1,174,728
: Positions :
: 81,876 131,183 360,806 465,267 486,244 212,663 100,505 1,120,611 1,078,738: 54,117 95,991
: Changes from: October 1, 2024 (Change in open interest: 38,236) :
: 15,304 1,690 4,421 22,620 27,701 -3,513 -2,494 38,832 31,318: -596 6,919
: Percent of Open Interest Represented by Each Category of Trader :
: 7.0 11.2 30.7 39.6 41.4 18.1 8.6 95.4 91.8: 4.6 8.2
: Total Traders: 614 Number of Traders in Each Category :
: 96 179 188 231 252 47 27 502 525:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of October 08, 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 580,674
: Positions :
: 87,329 85,236 127,864 174,255 308,389 158,834 29,239 548,283 550,728: 32,391 29,946
: Changes from: October 1, 2024 (Change in open interest: -456) :
: 3,575 -3,498 151 -1,929 6,116 -3,583 -7,838 -1,786 -5,069: 1,331 4,614
: Percent of Open Interest Represented by Each Category of Trader :
: 15.0 14.7 22.0 30.0 53.1 27.4 5.0 94.4 94.8: 5.6 5.2
: Total Traders: 315 Number of Traders in Each Category :
: 79 64 97 94 91 44 24 264 235:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of October 08, 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 614,746
: Positions :
: 113,345 55,787 141,454 156,744 361,462 144,456 27,260 555,999 585,963: 58,747 28,783
: Changes from: October 1, 2024 (Change in open interest: 10,407) :
: -5,632 2,595 519 11,639 6,446 1,872 -1,024 8,397 8,537: 2,010 1,870
: Percent of Open Interest Represented by Each Category of Trader :
: 18.4 9.1 23.0 25.5 58.8 23.5 4.4 90.4 95.3: 9.6 4.7
: Total Traders: 333 Number of Traders in Each Category :
: 73 64 97 115 114 40 25 283 258:
——————————————————————————————————————-

PALM OIL AND CANOLA
General Comments: Palm Oil was lower last week after trading in a wide range on weakness in the outside markets. The production could be reduced by flooding that can keep workers from the fields. Demand has held together despite India increasing import taxes on Palm Oil and China is now back from a holiday week to help demand ideas hold together. Canola was a little lower last week along with weakness in Chicago and Malaysia. The weather has been hot and dry in Canada, and it looks like Canola production has been impacted. The weather has called for dry conditions in the Prairies and yields are expected to be the same or less. Demand concern remain at the forefront with less demand expected from China with that country now in a trade war with Canada, but so far demand has held together well.
Overnight News:
Chart Analysis: Trends in Canola are mixed. Support is at 606.00, 596.00, and 588.00 November, with resistance at 627.00, 633.00, and 638.00 November. Trends in Palm Oil are mixed. Support is at 4200, 4040, and 3950 December, with resistance at 4350, 4410, and 4500 December.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 1, 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 34,297 :
: Positions :
: 25,907 11,680 240 12,282 580 870 210 140 495 3,560 5,825 :
: Changes from: September 24, 2024 :
: -4,327 -2,280 -240 -350 -80 30 -385 -280 130 -1,142 -50 :
: Percent of Open Interest Represented by Each Category of Trader :
: 75.5 34.1 0.7 35.8 1.7 2.5 0.6 0.4 1.4 10.4 17.0 :
: Number of Traders in Each Category Total Traders: 37 :
: 11 10 . 6 . . . . . 11 . :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 1, 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 290,346 :
: Positions :
: 234,860 100,267 2,800 12,143 1,534 4,200 120,265 19,989 8,603 16,819 15,996 :
: Changes from: September 24, 2024 :
: -9,199 7,232 -76 -1,600 156 -1,845 -17,092 529 1,354 2,076 -2,191 :
: Percent of Open Interest Represented by Each Category of Trader :
: 80.9 34.5 1.0 4.2 0.5 1.4 41.4 6.9 3.0 5.8 5.5 :
: Number of Traders in Each Category Total Traders: 368 :
: 66 79 4 6 6 13 82 24 57 99 68 :
—————————————————————————————————————-

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

DJ Malaysian PM Cash Market Prices for Palm Oil – Oct 14
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 pworts
Offer Change Bid Change Traded
Oct 1080.00 -07.50 Unquoted – –
Nov 1075.00 -05.00 Unquoted – –
Dec 1062.50 -07.50 Unquoted – –
Jan/Feb/Mar 1032.50 00.00 Unquoted – –
Apr/May/Jun 1002.50 -07.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Oct 1085.00 -07.50 Unquoted – –
Nov 1080.00 -05.00 Unquoted – –
Dec 1067.50 -07.50 Unquoted – –
Jan/Feb/Mar 1037.50 00.00 Unquoted – –
Apr/May/Jun 1007.50 -07.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Oct 1085.00 00.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Oct 915.00 -05.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Oct 4450.00 -30.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Oct 366.00 00.00 Unquoted – –
($1=MYR4.292)

DJ China Dalian Grain Futures Closing Prices, Volume – Oct 14
Soybean No. 1
Turnover: 156,334 lots, or 6.22 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-24 3,962 3,977 3,941 3,965 3,961 3,959 -2 18,512 11,511
Jan-25 3,977 4,006 3,961 3,993 3,984 3,982 -2 120,943 183,578
Mar-25 3,964 3,990 3,956 3,985 3,975 3,971 -4 8,806 29,937
May-25 4,004 4,014 3,991 4,011 4,018 4,004 -14 6,281 22,661
Jul-25 4,015 4,028 4,007 4,026 4,032 4,017 -15 802 4,933
Sep-25 4,033 4,046 4,025 4,043 4,046 4,034 -12 990 5,003
Corn
Turnover: 803,310 lots, or 17.87 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-24 2,190 2,212 2,188 2,201 2,188 2,201 13 169,538 206,907
Jan-25 2,214 2,236 2,212 2,227 2,212 2,226 14 536,668 677,087
Mar-25 2,215 2,236 2,215 2,227 2,212 2,226 14 44,996 232,608
May-25 2,270 2,287 2,269 2,278 2,268 2,277 9 32,247 110,911
Jul-25 2,288 2,302 2,288 2,295 2,285 2,294 9 17,333 67,851
Sep-25 2,305 2,320 2,305 2,312 2,303 2,311 8 2,528 6,270
Soymeal
Turnover: 2,285,149 lots, or 67.02 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-24 2,980 3,020 2,952 3,001 2,995 2,989 -6 177,348 164,070
Dec-24 2,982 3,020 2,964 3,004 3,002 2,991 -11 27,144 169,210
Jan-25 2,981 3,014 2,955 2,991 3,000 2,983 -17 1,442,318 1,525,420
Mar-25 2,910 2,934 2,885 2,919 2,935 2,911 -24 9,853 134,268
May-25 2,796 2,805 2,763 2,794 2,813 2,785 -28 500,965 1,282,548
Jul-25 2,788 2,797 2,762 2,790 2,807 2,781 -26 21,938 129,985
Aug-25 2,878 2,884 2,848 2,871 2,898 2,865 -33 14,624 68,845
Sep-25 2,873 2,881 2,846 2,867 2,893 2,864 -29 90,959 145,332
Palm Oil
Turnover: 1,160,544 lots, or 10.32 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Oct-24 – – – 8,898 8,898 8,898 0 40 830
Nov-24 8,936 9,078 8,896 8,916 8,888 8,986 98 37,522 8,492
Dec-24 8,904 9,078 8,854 8,904 8,868 8,962 94 7,630 4,503
Jan-25 8,888 9,046 8,808 8,852 8,824 8,920 96 1,020,631 512,526
Feb-25 8,708 8,956 8,708 8,762 8,708 8,834 126 246 297
Mar-25 8,686 8,860 8,650 8,686 8,658 8,738 80 571 3,177
Apr-25 8,548 8,760 8,548 8,594 8,548 8,644 96 188 378
May-25 8,546 8,662 8,478 8,520 8,492 8,564 72 92,342 139,009
Jun-25 8,476 8,530 8,336 8,402 8,372 8,440 68 71 160
Jul-25 8,334 8,420 8,252 8,290 8,288 8,326 38 66 216
Aug-25 8,274 8,320 8,220 8,246 8,222 8,264 42 27 49
Sep-25 8,176 8,258 8,088 8,124 8,164 8,166 2 1,210 1,603
Soybean Oil
Turnover: 773,089 lots, or 63.43 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-24 8,080 8,158 7,994 8,024 8,086 8,074 -12 34,261 30,752
Dec-24 8,254 8,328 8,170 8,200 8,250 8,240 -10 2,405 9,105
Jan-25 8,278 8,354 8,194 8,222 8,274 8,270 -4 614,334 677,628
Mar-25 8,124 8,208 8,058 8,084 8,124 8,132 8 807 4,629
May-25 7,926 7,988 7,850 7,856 7,904 7,912 8 118,881 330,046
Jul-25 7,780 7,830 7,702 7,708 7,756 7,758 2 299 1,172
Aug-25 7,828 7,838 7,708 7,708 7,762 7,772 10 81 167
Sep-25 7,766 7,842 7,682 7,690 7,766 7,754 -12 2,021 3,006
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