MORNING GRAINS COMMENTS

 

Jack Scoville

 

Monday, October 21, 2019

 

 


Price Futures Group, CBOT

Chicago, IL

(312) 264-4322

jscoville@pricegroup.com

 

JSL, SA de CV

San Salvador, El Salvador (503) 2260-7806 jslsadecv@comcast.net

 

JSL, SA

San José, Costa Rica (506) 2282-7024 

jslsa@comcast.net

 


 

 

 

WHEAT                                 

General Comments:  Wheat markets were mixed last week as Chicago SRW and HRW prices moved higher and Minneapolis Spring Wheat prices moved a little lower.  Chicago Winter Wheat futures are being led higher by strength in world cash prices.  Egypt bought over 400,000 tons of Wheat last week, mostly from Russia but also from Ukraine and France.  It paid higher prices.  Black Sea Wheat has been the lowest priced Wheat over the last few years and Russia has set the world price for quite a while.  The fact that prices are moving higher there gives the rest of the world a chance to charge more.  There are big problems with Wheat crops in Australia again this year due to the ongoing drought situation.  Southern and western areas are most affected.  The Bank of Australia estimated production as low as 15.5 million tons for the country.  Australia can normally produce 21 or 22 million tons.  There has been talk of adverse weather in Argentina, too.  Meanwhile, the storms have moved out of the Canadian Prairies and northern Great Plains and left behind some damaged Wheat.  The fact that no more damaging weather is coming caused some speculative selling and increased harvest activity in Canada caused some commercial selling.  The overall trends are generally up and prices can work higher in the near term.      

Overnight News:  The southern Great Plains should get mostly dry weather this week after some big storm today.  Temperatures should be variable.  Northern areas should see mostly periods of light showers.  Temperatures should be below normal.  The Canadian Prairies should see mostly dry weather.  Temperatures should be below normal.    

Chart Analysis:  Trends in Chicago are up with objectives of 538 December.  Support is at 521, 515, and 511 December, with resistance at 538, 543, and 547 December.  Trends in Kansas City are up with objectives of 434, 436, and 451 December.  Support is at 426, 417, and 414 December, with resistance at 439, 444, and 453 December.  Trends in Minneapolis are mixed.  Support is at 541, 536, and 534 December, and resistance is at 549, 553, and 558 December.

 

COT -- Supplemental Report - Option and Futures Combined Positions as of October 15, 2019               

    :                                    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   516,692

    : Positions                                                                               :

    :   56,379    89,005   194,712    69,862   112,073   167,149    77,284   488,103   473,075:   28,589    43,617

    : Changes from: October 8, 2019            (Change in open interest:      24,691)         :

    :    3,097    -7,718    14,271        49     7,004     8,254    10,188    25,671    23,746:     -980       945

    : Percent of Open Interest Represented by Each Category of Trader                         :

    :     10.9      17.2      37.7      13.5      21.7      32.3      15.0      94.5      91.6:      5.5       8.4

    : Total Traders:   365          Number of Traders in Each Category                        :

    :       72       121       128        80       100        45        25       279       307:

-------------------------------------------------------------------------------------------------------------------

 

COT -- Supplemental Report - Option and Futures Combined Positions as of October 15, 2019               

    :                                    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   345,040

    : Positions                                                                               :

    :   65,278    78,332    95,512    85,929   118,334    66,575    33,932   313,293   326,110:   31,746    18,930

    : Changes from: October 8, 2019            (Change in open interest:       6,881)         :

    :    5,148    -4,969     1,213    -2,643    11,333     4,140      -669     7,857     6,907:     -976       -27

    : Percent of Open Interest Represented by Each Category of Trader                         :

    :     18.9      22.7      27.7      24.9      34.3      19.3       9.8      90.8      94.5:      9.2       5.5

    : Total Traders:   286          Number of Traders in Each Category                        :

    :       84        51        74        90        83        34        13       242       196:

-------------------------------------------------------------------------------------------------------------------

 

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 15, 2019 

:                                             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    68,182                :

: Positions                                                                                                    :

:   40,168    35,235       659       324       688     1,551    11,133     1,816     5,819     1,109     5,101 :

: Changes from:     October 8, 2019                                                                            :

:     -775       503      -256       101         4      -293    -2,487        49      -352      -134       -98 :

: Percent of Open Interest Represented by Each Category of Trader                                              :

:     58.9      51.7       1.0       0.5       1.0       2.3      16.3       2.7       8.5       1.6       7.5 :

: Number of Traders in Each Category                                  Total Traders:    95                     :

:       49        39         4         .         5         5         8         4        12         5        13 :

----------------------------------------------------------------------------------------------------------------

 

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 15, 2019 

:                                             Reportable Positions                                             :

:------------------------------------------------------------------------------------------------------------- :

: Producer/Merchant :                             :                             :                              :

:  Processor/User   :        Swap Dealers         :        Managed Money        :      Other Reportables       :

:   Long  :  Short  :   Long  :  Short  :Spreading:   Long  :  Short  :Spreading:   Long  :  Short  :Spreading :

----------------------------------------------------------------------------------------------------------------

BLACK SEA WHEAT FINANCIAL - CHICAGO BOARD OF TRADE   50 Metric Tons                                            :

CFTC Code #00160F                                                    Open Interest is    12,617                :

: Positions                                                                                                    :

:    1,897     9,066     1,105         0       261     6,065       420       700     1,802     1,300        19 :

: Changes from:     October 8, 2019                                                                            :

:     -676        58        35         0        60       450      -280         0       376         0       -20 :

: Percent of Open Interest Represented by Each Category of Trader                                              :

:     15.0      71.9       8.8       0.0       2.1      48.1       3.3       5.5      14.3      10.3       0.1 :

: Number of Traders in Each Category                                  Total Traders:    22                     :

:        8        11         .         0         .         .         .         .         .         .         . :

----------------------------------------------------------------------------------------------------------------

 

RICE

General Comments:   Rice was lower and continued to hold its ground as the US harvest starts to wind down.  The harvest is winding down in all areas except California and field yields appear to be generally below last year but still stronger than some analysts had expected.  Milling quality is said to be lower on later harvested Rice but was very good for the early harvested Rice.  Basis levels are reported to be firmer as the harvest comes to an end and the Rice gets put in on farm storage.  There are ideas that not much Rice is available to the cash market right now as much of the new Rice has been put into storage.  Producers will hold out for higher prices as they feel that prices overall are too cheap.  Export demand has been holding well and this gives hope for higher prices down the road.  The best buyer has been Mexico but Central America has been buying in greater volumes as well.  The charts maintain a bullish outlook but many short term objectives have already been hit.  Even so, the price action has had a positive feel and prices might try to go higher this week.

Overnight News:  The Delta should get mostly dry conditions after some big storms today.  Temperatures should be near to above normal.

Chart Analysis:  Trends are mixed.  Support is at 1183, 1179, and 1173 November, with resistance at 1208, 1217, and 1220 November.

 

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 15, 2019 

:                                             Reportable Positions                                             :

:------------------------------------------------------------------------------------------------------------- :

: Producer/Merchant :                             :                             :                              :

:  Processor/User   :        Swap Dealers         :        Managed Money        :      Other Reportables       :

:   Long  :  Short  :   Long  :  Short  :Spreading:   Long  :  Short  :Spreading:   Long  :  Short  :Spreading :

----------------------------------------------------------------------------------------------------------------

ROUGH RICE - CHICAGO BOARD OF TRADE   (CONTRACTS OF 200,000 POUNDS)                                            :

CFTC Code #039601                                                    Open Interest is    11,041                :

: Positions                                                                                                    :

:    5,872     6,336       110       246         0       954       528         0       410     1,191     1,526 :: Changes from:     October 8, 2019                                                                            :

:       10      -249         0         0         0      -210      -109         0       -19       120       -14 :

: Percent of Open Interest Represented by Each Category of Trader                                              :

:     53.2      57.4       1.0       2.2       0.0       8.6       4.8       0.0       3.7      10.8      13.8 :

: Number of Traders in Each Category                                  Total Traders:    46                     :

:       14        15         .         .         0         4         .         0         4        15        12 :

----------------------------------------------------------------------------------------------------------------

 

CORN AND OATS                   

General Comments:  Corn closed lower and Oats closed higher last week.  Price action was disappointing for bulls in both markets as both closed closer to the lower end of the weekly trading range and might move lower again this week.  The harvest is finally starting to get more active now that the weather has turned drier in the Midwest.  It was a great weekend in the region with warmer temperatures and some sun to help dry soils and Corn.  Farmers are concentrating mostly on harvesting Soybeans but there has been some Corn harvested as well.  Yield reports seem stronger in the western Corn Belt than in the east.  Many think that the best Corn is being harvested now and that yield reports will show less Corn as the harvest progresses.  Demand remains hard to find and this was reflected fin the USDA reports released on Friday.  Oats saw increased pressure as the weather improved in the Canadian Prairies.  The US harvest is over but there is still grain to be harvested farther north.  The Canadian Dollar turned stronger against the US Dollar but this did not support Oats prices. 

Overnight News:  

Chart Analysis:  Trends in Corn are mixed.  Support is at 388, 385, and 378 December, and resistance is at 397, 399, and 403 December.  Trends in Oats are mixed to up with no objectives.  Support is at 294, 289, and 284 December, and resistance is at 299, 302, and 305 December.

 

COT -- Supplemental Report - Option and Futures Combined Positions as of October 15, 2019               

    :                                    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 2,042,653

    : Positions                                                                               :

    :  133,334   251,850   540,522   612,438   848,758   408,597   169,689 1,694,891 1,810,818:  347,763   231,835

    : Changes from: October 8, 2019            (Change in open interest:     -68,104)         :

    :  -34,280   -36,159     3,042   -18,476   -35,804    -5,133   -10,123   -54,846   -79,043:  -13,257    10,940

    : Percent of Open Interest Represented by Each Category of Trader                         :

    :      6.5      12.3      26.5      30.0      41.6      20.0       8.3      83.0      88.7:     17.0      11.3

    : Total Traders:   890          Number of Traders in Each Category                        :

    :      181       154       226       426       394        50        30       777       693:

-------------------------------------------------------------------------------------------------------------------

 

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 15, 2019 

:                                             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     6,192                :

: Positions                                                                                                    :

:    1,388     4,932       133         0         0     1,266         0         0     1,382        45       184 :

: Changes from:     October 8, 2019                                                                            :

:     -128       131         0         0         0       281       -64        -4         2       -96        50 :

: Percent of Open Interest Represented by Each Category of Trader                                              :

:     22.4      79.7       2.1       0.0       0.0      20.4       0.0       0.0      22.3       0.7       3.0 :

: Number of Traders in Each Category                                  Total Traders:    27                     :

:        8         9         .         0         0         9         0         0         4         .         . :

----------------------------------------------------------------------------------------------------------------

 

SOYBEANS AND PRODUCTS

General Comments:  Soybeans were slightly lower for the week but Soybean Meal was higher.  Soybeans ere hurt by ideas of expanding harvest activity and closed with small losses despite more Chinese buying of US Soybeans.  The weekly USDA data showed that farmers were more focused on the Soybeans harvest than Corn last week and data released on Monday should show this trend as well.  Yield reports show that yields are generally better in western areas than to the east.  China continued to buy US agricultural products including pork and Soybeans and tariff increases from the US were held in check.  The two sides hope to have a Phase One deal ready in November for signing at the G-7 meetings.  There will be more meetings to find a more comprehensive deal that can be signed by both presidents.  The market is also starting to keep a closer eye on the weather in South America.  It has been too dry in parts of central and northern Brazil and the planting progress has been delayed.  There are forecasts for more rains to allow better planting progress appearing in the next couple of weeks.  Soybeans could trade sideways to lower this week. 

Overnight News:  

Chart Analysis:  Trends in Soybeans are mixed.  Support is at 927, 924, and 919 November, and resistance is at 941, 945, and 950 November.  Trends in Soybean Meal are mixed to down with objectives of 302.00 and 296.00 December.  Support is at 304.00, 301.00, and 300.00 December, and resistance is at 312.00, 314.00, and 315.00 December.  Trends in Soybean Oil are mixed to up with objectives of 3120 December.  Support is at 3020, 3000, and 2980 December, with resistance at 3070, 3110, and 3130 December.

 

COT -- Supplemental Report - Option and Futures Combined Positions as of October 15, 2019               

    :                                    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   918,041

    : Positions                                                                               :

    :  104,763    83,454   244,130   255,976   426,968   213,971    71,421   818,841   825,973:   99,200    92,068

    : Changes from: October 8, 2019            (Change in open interest:      59,953)         :

    :   16,553   -23,772    16,089   -12,140    37,233    16,368    10,554    36,870    40,104:   23,083    19,849

    : Percent of Open Interest Represented by Each Category of Trader                         :

    :     11.4       9.1      26.6      27.9      46.5      23.3       7.8      89.2      90.0:     10.8      10.0

    : Total Traders:   610          Number of Traders in Each Category                        :

    :      161       119       210       200       222        50        30       514       496:

-------------------------------------------------------------------------------------------------------------------

 

COT -- Supplemental Report - Option and Futures Combined Positions as of October 15, 2019               

    :                                    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   521,603

    : Positions                                                                               :

    :   73,608    42,533   132,888   121,943   246,025   151,528    29,600   479,967   451,046:   41,636    70,557

    : Changes from: October 8, 2019            (Change in open interest:      16,198)         :

    :    7,465    -9,759     2,491     1,311   -15,595     1,631    -2,567    12,898   -25,430:    3,299    41,627

    : Percent of Open Interest Represented by Each Category of Trader                         :

    :     14.1       8.2      25.5      23.4      47.2      29.1       5.7      92.0      86.5:      8.0      13.5

    : Total Traders:   341          Number of Traders in Each Category                        :

    :       93        64       129        78        81        40        21       291       251:

-------------------------------------------------------------------------------------------------------------------

 

COT -- Supplemental Report - Option and Futures Combined Positions as of October 15, 2019               

    :                                    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   453,518

    : Positions                                                                               :

    :   43,925    70,494   115,012   138,620   182,820   105,447    33,866   403,004   402,192:   50,514    51,326

    : Changes from: October 8, 2019            (Change in open interest:       7,707)         :

    :    1,605    -7,765     6,406       986   -11,427     4,699       -17    13,696   -12,802:   -5,989    20,510

    : Percent of Open Interest Represented by Each Category of Trader                         :

    :      9.7      15.5      25.4      30.6      40.3      23.3       7.5      88.9      88.7:     11.1      11.3

    : Total Traders:   292          Number of Traders in Each Category                        :

    :       66        60        97        95        82        37        13       248       215:

-------------------------------------------------------------------------------------------------------------------

 

CANOLA AND PALM OIL        

General Comments:  Canola was lower on reports of strong farm selling as the harvest resumed after the big storm of early last week.  The reports indicate that damage was minimal as Manitoba is now about 80$ harvested and Saskatchewan remains behind but is making strong progress now.  Palm Oil was higher despite worries that weaker export demand would continue.  Soybean Oil was higher.  A weaker currency and word that Malaysia will try to improve diplomatic relations with India after recent disparaging comments made in Malaysia about is biggest buyer helped the market move higher.  Vegetable oils are firm and Palm Oil is trying to form a bottom.  The charts show that futures are turning trends up again.

Overnight News:  SGS said that Malaysian Palm Oil exports are now 903,645 tons this month, from 945,241 tons last month.

Chart Analysis:  Trends in Canola are down with objectives of 446.00, 438.00, and 436.00 November.  Support is at 451.00, 450.00, and 448.00 November, with resistance at 459.00, 461.00, and 465.00 November.  Trends in Palm Oil are up with objectives of 2310 January.  Support is at 2230, 2220, and 2190 January, with resistance at 2300, 2320, and 2340 January.

 

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 15, 2019 

:                                             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   208,086                :

: Positions                                                                                                    :

:  134,331   105,258     1,454     1,807     2,789     3,096    32,294     9,991     3,247    37,407    16,514 :

: Changes from:     October 8, 2019                                                                            :

:  -31,947     8,372        35       -19       117    -1,596   -14,114    -4,466    -1,624     5,985     2,163 :

: Percent of Open Interest Represented by Each Category of Trader                                              :

:     64.6      50.6       0.7       0.9       1.3       1.5      15.5       4.8       1.6      18.0       7.9 :

: Number of Traders in Each Category                                  Total Traders:   281                     :

:       58        80         4         .         5        13        36        12        34        84        36 :

----------------------------------------------------------------------------------------------------------------

 

Midwest Weather Forecast:   Big sowers and storms today then chances for showers late this week.  Temperatures should average near to below normal.

 

US Gulf Cash Basis

Corn

HRW

SRW

Soybeans

Soybean Meal

Soybean Oil

Octember

+37 Dec

+170 Dec

+75 Dec

+37 Nov

+12 Dec

N/A

November

+43 Dec

+85 Dec

+40 Nov

December

+52 Dec

+85 Dec

+30 Jan

All basis levels are positive unless noted as negative

 

DJ ICE Canada Cash Grain Close - Oct 18

WINNIPEG -- The following are the closing cash

canola prices from ICE Futures. 

Source: ICE Futures 

                     Price     Basis     Contract     Change

CANOLA

*Par Region          427.61    -29.39    Nov 2019     dn 4.39

Basis: Thunder Bay   463.70     10.00    Nov 2019     dn 3.30

Basis: Vancouver     473.70     20.00    Nov 2019     dn 3.30 

All prices in Canadian dollars per metric tonne. 

*Quote for previous day 

Source: Commodity News Service Canada

(news@marketsfarm.com, or 204-414-9084)

 

DJ Malaysian PM Cash Market Prices for Palm Oil - Oct 21

  The following are prices for Malaysian palm oil in the cash market at 1000 GMT Monday, supplied by commodity broker Matthes & Porton Bhd.

  Prices are quoted in U.S. dollars a metric ton, except for crude palm oil and palm kernel oil, which are in ringgit a ton. Palm kernel oil prices are in ringgit a pikul, a Malaysian measurement equivalent to 60 kilograms.  

Refined, bleached and deodorized palm oil, FOB, Malaysian ports

              Offer      Change      Bid        Change   Traded

Nov           542.50     +07.50      Unquoted   -        -

Dec           550.00     +07.50      Unquoted   -        -

Jan/Feb/Mar   570.00     +07.50      Unquoted   -        -

Apr/May/Jun   587.50       --        Unquoted   -        -  

RBD palm olein, FOB, Malaysian ports

              Offer      Change      Bid        Change   Traded

Nov           545.00     +07.50      Unquoted   -        -

Dec           552.50     +07.50      Unquoted   -        -

Jan/Feb/Mar   572.50     +07.50      Unquoted   -        -

Apr/May/Jun   590.00       --        Unquoted   -        -  

RBD palm stearin, FOB, Malaysian ports

              Offer      Change      Bid        Change   Traded

Nov           540.00       --        Unquoted   -        -  

Palm Fatty Acid Distillate, FOB Malaysian ports

              Offer      Change      Bid        Change   Traded

Nov           437.50       --        Unquoted   -        -  

Crude palm oil, Delivered Basis, South Malaysia

              Offer      Change      Bid        Change   Traded

Nov           2,200.00     --        Unquoted   -        -  

Palm kernel oil, Delivered Basis, South Malaysia

              Offer      Change      Bid        Change   Traded

Nov           146.00       --        Unquoted   -        -

($1=MYR4.1800)

 

DJ China Dalian Grain Futures Closing Prices, Volume - Oct 21

Soybean No. 1  

Turnover: 169,222 lots, or 5.84 billion yuan  

        Open    High    Low  Close   Prev.  Settle  Ch.      Vol      Open

                                    Settle                        Interest

Nov-19  3,338  3,380  3,338  3,379   3,366   3,370    4       20       278

Jan-20  3,412  3,444  3,398  3,430   3,422   3,423    1  153,128   186,140

Mar-20  -          -      -  3,444   3,444   3,444    0        0        34

May-20  3,700  3,707  3,677  3,707   3,697   3,697    0   14,554    68,152

Jul-20  3,729  3,729  3,720  3,720   3,716   3,724    8        4        32

Sep-20  3,762  3,780  3,747  3,780   3,762   3,768    6    1,516     6,952  

Corn  

Turnover: 700,396 lots, or 13.06 billion yuan  

        Open    High    Low  Close   Prev.  Settle  Ch.      Vol       Open

                                    Settle                         Interest

Nov-19  1,821  1,825  1,805  1,807   1,814   1,809   -5    1,208     12,844

Jan-20  1,859  1,865  1,845  1,847   1,855   1,852   -3  555,692  1,236,560

Mar-20  1,884  1,884  1,871  1,873   1,878   1,875   -3   45,464    330,414

May-20  1,928  1,933  1,919  1,922   1,926   1,923   -3   85,270    549,556

Jul-20  1,953  1,955  1,945  1,946   1,951   1,949   -2      426      8,272

Sep-20  1,973  1,978  1,966  1,970   1,974   1,972   -2   12,336     69,730  

Soymeal  

Turnover: 4,313,454 lots, or 12.99 billion yuan  

        Open    High    Low  Close   Prev.  Settle  Ch.        Vol       Open

                                    Settle                           Interest

Nov-19  3,028  3,103  3,015  3,103   3,018   3,062   44      2,774      6,886

Dec-19  3,014  3,138  3,010  3,111   3,018   3,067   49     40,608    255,786

Jan-20  2,985  3,078  2,981  3,078   2,992   3,036   44  3,218,438  2,441,688

Mar-20  2,950  3,007  2,948  2,997   2,961   2,984   23        294        866

May-20  2,900  2,954  2,891  2,945   2,914   2,924   10    895,774  1,578,080

Jul-20  2,910  2,965  2,906  2,960   2,925   2,944   19      1,424      4,060

Aug-20  2,907  2,970  2,907  2,970   2,926   2,946   20         18         56

Sep-20  2,947  3,005  2,939  2,999   2,956   2,979   23    154,124    341,564  

Palm Oil

Turnover: 821,626 lots, or 40.24 billion yuan  

        Open    High    Low  Close   Prev.  Settle  Ch.      Vol      Open

                                    Settle                        Interest

Oct-19  -          -      -  4,880   4,880   4,880    0        0         0

Nov-19  4,680  4,880  4,680  4,880   4,836   4,780  -56        4         2

Dec-19  -          -      -  4,758   4,812   4,758  -54        0         6

Jan-20  4,830  4,894  4,822  4,878   4,808   4,862   54  717,630   500,906

Feb-20  -          -      -  4,952   4,898   4,952   54        0       708

Mar-20  -          -      -  5,022   4,968   5,022   54        0         4

Apr-20  -          -      -  5,032   4,978   5,032   54        0         6

May-20  5,106  5,156  5,096  5,138   5,082   5,124   42   99,826   194,328

Jun-20  -          -      -  5,138   5,096   5,138   42        0         6

Jul-20  5,086  5,218  5,086  5,218   5,072   5,152   80        8       604

Aug-20  -          -      -  5,118   5,040   5,118   78        0         2

Sep-20  5,138  5,192  5,128  5,168   5,124   5,168   44    4,158    18,768  

Soybean Oil  

Turnover: 842,504 lots, or 51.14 billion yuan  

        Open    High    Low  Close   Prev.  Settle  Ch.      Vol      Open

                                    Settle                        Interest

Nov-19  -          -      -  5,966   5,966   5,966    0        0         4

Dec-19  6,104  6,104  5,984  5,984   5,888   6,044  156        4        10

Jan-20  6,046  6,098  6,030  6,074   6,034   6,066   32  638,190   701,520

Mar-20  -          -      -  6,106   6,074   6,106   32        0       698

May-20  6,074  6,116  6,036  6,068   6,062   6,074   12  191,572   283,686

Jul-20  -          -      -  6,084   6,072   6,084   12        0       526

Aug-20  -          -      -  5,988   5,978   5,988   10        0         0

Sep-20  6,090  6,150  6,082  6,104   6,110   6,116    6   12,738    61,284  

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.

 

 

 

 

 



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Past performance is not indicative of future results. Investing in futures can involve substantial risk & is not for everyone. The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any securities or futures.

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