MORNING GRAINS COMMENTS
Jack
Scoville
Monday,
November 11, 2019
DJ CBOT Delivery
Intentions: Totals - Nov 11
Source: CME
Group
Contract Quantity Next Trade
Commodity Month
Delivery Day Assigned
Today Date Available
ROUGH
RICE November Nov. 12, 2019 10 Nov 08, 2019
SOYBEAN November
Nov. 12, 2019 855
Nov 07, 2019
DJ U.S. Total
Prevented Acreage Data - Nov 8
U.S. acreage data for select crops reported as
planted, failed and prevented
by farmers to
the Farm Service Agency. Prevented acres is land
not planted
due to poor conditions. Failed acres is land farmers planted
and
abandoned. Farmers participating in various FSA programs are required
to submit a
report on their cropland.
Source: USDA
In
acres.
Sum of Sum of Sum of
Planted Acres Failed Acres Prevented Acres
ALL CORN 86,608,377 456,950 11,430,395
COTTON-
ELS 156,882 1,109 24,781
COTTON-
Upland 12,290,756 943,416 494,298
SOYBEANS 74,944,507 66,772 4,459,069
WHEAT 46,389,206 377,407 2,217,618
DJ USDA
Supply/Demand: Crop Summary - Nov 8
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
19/20 18/19
17/18: 19/20 18/19 17/18: 19/20 18/19
17/18
Soybeans 475.0
913.0 438.0:149.75 149.13
153.07:336.56 358.21 341.61
Brazil
na na na: 76.00 74.86
76.14:123.00 117.00 122.00
Argentina
na na na:
8.80 9.10 2.13: 53.00 55.30
37.80
China
na na na:
0.13 0.12 0.13: 17.10 15.90
15.28
Soyoil 1,446
1,776 1,995: 11.83 11.11
10.54: 56.75 55.89 55.15
Corn 1,910
2,114 2,140:167.05 180.30
148.19: 1,102 1,125 1,080
China
na na na: 0.02
0.02 0.02:254.00 257.33
259.07
Argentina
na na na: 33.50 36.00
22.47: 50.00 51.00 32.00
S.Africa
na na na:
1.50 1.00 2.07: 14.00 11.75
13.10
Cotton(a) 6.10
4.85 4.20: 44.03 41.28
41.41:121.94 118.80 123.78
All
Wheat 1,014 1,080
1,099:180.68 172.89 182.47:765.55 731.28
762.31
China
na na na:
1.30 1.01 1.00:132.00 131.43
134.33
EU 27
na na na: 29.00 23.31
23.38:153.00 136.86 151.13
Canada
na na na: 24.50 24.41
22.00: 33.00 32.20 30.38
Argentina
na na na: 14.00 12.00
12.73: 20.00 19.50 18.50
Australia
na na na:
9.00 9.01 13.85: 17.20 17.30
20.94
Russia
na na na: 34.50 35.84
41.43: 74.00 71.69 85.17
Ukraine
na na na: 20.00 16.02
17.78: 29.00 25.06 26.98
Sorghum 51.0
64.0 35.0: na
na na: na
na na
Barley 93.0
87.0 94.0: na
na na:
na na na
Oats 36.0
38.0 41.0: na
na na: na
na na
Rice 36.4
44.9 29.4: 45.78 44.15
47.13:497.76 499.34 494.88
DJ USDA
Report: Summary for U.S. Agriculture Supply, Demand Report
Following are key numbers from the USDA's
crop report Friday and how the government's estimates compared to analysts'
forecasts in a Wall Street Journal survey.
U.S. 2019
Corn, Soybean Production (million bushels)
Friday's Average USDA
USDA Est. Forecast
Range Oct.
Corn
Production 13,661.0 13,602
13,030-13,786 13,779
Corn
Yield 167.0 167.3
164.5-170.0 168.4
Harvested
Acres 81.8 81.3 79.2-81.8 81.8
Soybean
Production 3,550.0 3,513
3,396-3,609 3,550
Soybean
Yield 46.9 46.6 45.9-47.6 46.9
Harvested
Acres 75.6 75.4 74.5-77.2 75.6
****
U.S. 2019-20
Stockpiles (millions)
Friday's Average USDA
USDA Est. Forecast
Range Oct.
Corn 1,910.0 1,799
1,479-1,959 1,929
Soybeans 475.0 429 306-521 460
Wheat 1,014.0 1,035 995-1,078 1,043
****
World
Stockpiles (million metric tons)
2018-19
Friday's Average USDA
USDA Est. Forecast
Range Oct.
Corn 320.1 323.9
322.7-324.4 324.0
Soybeans 109.7 110.3
109.9-113.1 109.9
Wheat 277.9 277.8
277.6-278.5 277.7
2019-20
Friday's Average USDA
USDA Est. Forecast
Range Oct.
Corn 296.0 299.5
291.1-304.1 302.6
Soybeans 95.4 95.0
88.0-109.4 95.2
Wheat 288.3
286.8 285.4-287.8 287.8
WHEAT
General Comments: Wheat
markets were
a little lower for the week in Chicago and lower in Minneapolis. The USDA production and supply and demand
reports were viewed as neutral to negative for prices. USDA cut domestic production due to the new
survey of Spring Wheat and Durum production.
It trimmed domestic and export demand but still cut ending stocks to
1.014 billion bushels. USDA cut its
average farm price by 10 cents a bushel to $4.60/bu. World data showed a slight increase in ending
stocks against expectations for a slight decrease. Production increases in the northern parts of
the world were greater than production decreases in southern countries. Chart patterns turned bearish in the short
term in Chicago but are less well defined on the weekly charts. USDA data showed ample world supplies and
reduced demand for US Wheat and gave bullish traders little reason to buy. World prices will still be dictated by what
happens in Europe and the Black Sea area and US prices will most likely remain
a follower as the US tries to compete for sales.
Overnight News:
The southern Great Plains should get mostly dry conditions. Temperatures should be mostly below normal. Northern areas should see mostly dry
conditions or a little light snow.
Temperatures should be below normal.
The Canadian Prairies should see mostly dry weather. Temperatures should be mostly below normal.
Chart Analysis: Trends in Chicago are mixed to down with
objectives of 501, 497, and 493 December.
Support is at 506, 504, and 501 December, with resistance at 514, 516,
and 522 December. Trends in Kansas City
are mixed. Support is at 418, 416, and 414
December, with resistance at 426, 432, and 437 December. Trends in Minneapolis are down with
objectives of 516, 509, and 504 December.
Support is at 514, 510, and 505 December, and resistance is at 524, 529,
and 532 December.
COT -- Supplemental Report - Option and Futures Combined Positions as of
November 05, 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 525,413
: Positions
:
: 52,245
81,154 202,699 71,621
131,271 168,608 67,397
495,173 482,520: 30,240
42,894
: Changes from: October 29,
2019 (Change in open
interest: 7,316) :
: -4,032
4,969 6,270 2,515
-114 2,805 -3,219
7,558 7,906: -242
-590
: Percent of Open Interest
Represented by Each Category of Trader :
: 9.9
15.4 38.6 13.6
25.0 32.1 12.8
94.2 91.8: 5.8
8.2
: Total Traders: 380
Number of Traders in Each Category :
: 79
124 141 80
104 48 27
300 317:
-------------------------------------------------------------------------------------------------------------------
COT -- Supplemental Report - Option and Futures Combined Positions as of
November 05, 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 337,880
: Positions
:
: 57,385
82,309 96,564 78,038
104,347 74,714 35,066
306,699 318,285: 31,181
19,595
: Changes from: October 29,
2019 (Change in open interest: 43) :
: -933
3,442 -3,954 1,191
2,657 3,527 -2,224
-169 -80: 212
123
: Percent of Open Interest
Represented by Each Category of Trader :
: 17.0
24.4 28.6 23.1 30.9
22.1 10.4 90.8
94.2: 9.2 5.8
: Total Traders: 283
Number of Traders in Each Category :
: 79
53 79 88 78 32 15
236 198:
-------------------------------------------------------------------------------------------------------------------
Disaggregated Commitments of Traders- Options and Futures Combined
Positions as of November 5, 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 67,140 :
: Positions
:
: 39,575 34,659
685 99 574
802 9,846 1,836
5,942 1,103 5,049 :
:
:
: Changes from: October 29,
2019 :
: 441 -505
-254 0 -80
-326 -644 53
-278 23 -168 :
:
:
: Percent of Open Interest Represented by Each Category of Trader :
: 58.9 51.6
1.0 0.1 0.9
1.2 14.7 2.7
8.9 1.6 7.5 :
: :
: Number of Traders in Each Category Total
Traders: 96 :
: 51 38 . .
5 5 10
5 11 6 15 :
----------------------------------------------------------------------------------------------------------------
Disaggregated Commitments of Traders- Options and Futures Combined
Positions as of November 5, 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 14,003 :
: Positions :
: 6,535 11,845
608 0 148
4,662 0 100
1,605 1,700 0 :
: Changes from: October 29,
2019 :
: 2,406 782
-524 0 -201
-1,317 0 0 5 0
-353 :
: Percent of Open Interest Represented by Each Category of Trader :
: 46.7 84.6
4.3 0.0 1.1
33.3 0.0 0.7
11.5 12.1 0.0 :
: Number of Traders in Each Category Total
Traders: 25 :
: 7 15 . 0 . . 0 . . . 0 :
----------------------------------------------------------------------------------------------------------------
RICE
General
Comments: Rice was a little higher on Friday and a little higher for the
week. USDA made few changes to US production
or demand on Friday and showed a slight decrease in ending stocks due to
slightly reduced production. No changes
were made to farm price estimates. World
data showed increased ending stocks from last month as production data for
India was increased. Futures reacted in
a positive way to the data. There are
some in the trade who think that USD is still too high on US Long Grain
production. Demand for US Rice remains
generally positive although the weekly export sales report was not that string. The export sales pace in general has been
very good and USDA could be forced to increase export demand and cut ending
stocks estimate in future reports. The
US domestic market is now quiet with the harvest mostly done and no one real
interested in selling. Mills and
exporters are thought to be covered but anyone who needs to buy paddy Rice from
farmers will be forced to bid higher prices to find much selling interest at
all.
Overnight News: The Delta should get dry
weather after today. Temperatures should
be below normal.
Chart
Analysis: Trends are mixed to up with objectives of 1252
and 1299 January. Support is at 1198,
1183, and 1174 January, with resistance at 1210, 1213, and 1220 January.
Disaggregated Commitments of Traders- Options and Futures Combined
Positions as of November 5, 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 9,711 :
: Positions :
: 5,911 5,706
120 246 0
727 1,153 0
522 606 719 :
: Changes from: October 29,
2019
:
: -369 -92 11 0 0 0
120 0 17
-402 361 :
: Percent of Open Interest Represented by Each Category of Trader :
: 60.9
58.8 1.2 2.5
0.0 7.5 11.9
0.0 5.4 6.2
7.4 :
: Number of Traders in Each Category Total Traders: 47 :
: 18 13 .
. 0 . 5 0 8 5 8 :
----------------------------------------------------------------------------------------------------------------
CORN AND OATS
General Comments: Corn was lower and Oats closed a little lower last
week. Trends are down on the daily and
weekly charts for Corn. Oats still look
ready to rally more in the coming weeks based on the charts. Corn is still feeling harvest pressure and
the lack of demand. USDA released its
production and supply and demand reports on Friday. It cut production and yields more than
expected and futures jumped to the highs of the day. However, the market gave back most of the
gains once the details of the reports were digested. It also cut domestic and export demand so the
ending stocks estimate was only slightly reduced at 1.910 billion bushels. World ending stocks estimates were also lower
by over 3 million tons for the old crop and new crop, but ending stocks are
still more than 296 million tons for the world.
Ideas are that USDA can lower US Corn yields again in January. There is still a lot of Corn to be harvested
and many think that yield estimates will drop more as the last part of the
harvest gets wrapped up in the next few weeks.
However, the big problem for US Corn has been demand, and it looks like
there could be more than enough Corn for any demand at this time.
Overnight News:
Chart Analysis: Trends in Corn are down with objectives of 374,
365, and 359 December. Support is at 373,
370, and 365 December, and resistance is at 382, 384, and 385 December. Trends in Oats are mixed to up with
objectives of 310 and 320 December. Support
is at 301, 297, and 295 December, and resistance is at 308, 309, and 312 December.
COT -- Supplemental Report - Option and Futures Combined Positions as of
November 05, 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 2,034,158
: Positions
:
: 119,594
276,042 513,593 638,320
846,432 429,789 171,342 1,701,297 1,807,410: 332,861
226,748
: Changes from: October 29,
2019 (Change in open
interest: 27,683) :
: -3,342
19,496 -447 11,751
7,291 22,985 -1,441
30,947 24,898: -3,263
2,785
: Percent of Open Interest
Represented by Each Category of Trader :
: 5.9
13.6 25.2 31.4
41.6 21.1 8.4
83.6 88.9: 16.4
11.1
: Total Traders: 873
Number of Traders in Each Category :
: 161
161 213 414
387 52 30
748 682:
-------------------------------------------------------------------------------------------------------------------
Disaggregated Commitments of Traders- Options and Futures Combined
Positions as of November 5, 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 6,948 :
: Positions
:
: 1,798 5,191
128 0 0
1,338 0 0
1,393 81 377 :
: Changes from: October 29,
2019 :
: 93 107 -4 0 0
-42 0 0 3
-24 -17 :
: Percent of Open Interest Represented by Each Category of Trader :
: 25.9 74.7
1.8 0.0 0.0
19.3 0.0 0.0
20.1 1.2 5.4 :
: Number of Traders in Each Category Total
Traders: 28 :
: 10 10 . 0 0 7 0 0 5 . 4 :
----------------------------------------------------------------------------------------------------------------
SOYBEANS AND PRODUCTS
General Comments: Soybeans were slightly lower for the week after a lower close on
Friday. USDA surprised the Soybeans market with its production and supply and
demand reports on Friday. USDA made no
changes to production even after surveying northwestern areas of the production
areas again last month. The trade had
expected it to cut yields and total production.
USDA cut domestic demand and showed increased ending stocks estimates at
475 million bushels instead of a decrease that had been expected. The market was also affected by news
headlines about the trade talks with China.
Word most of the week that a Phase One deal was progressing well and
that tariffs on both sides would be cut back as a part of any deal helped
support futures for much of the week. On
Friday, President Trump said that he had not agreed to reduce tariffs yet and
that announcement pushed futures lower before the reports were released. The daily and weekly charts show that
Soybeans are holding support areas but the market has not been that strong
given the great export sales reports and news of more sales on the daily
system.
Overnight
News:
Chart Analysis: Trends
in Soybeans are mixed. Support is at 925,
922, and 918 January, and resistance is at 939, 942, and 945 January. Trends in Soybean Meal are mixed. Support is at 302.00, 299.00, and 297.00 December,
and resistance is at 307.00, 309.00, and 312.00 December. Trends in Soybean Oil are up with objectives
of 3200 and 3290 December. Support is at
3130, 3100, and 3060 December, with resistance at 3190, 3200, and 3230 December.
COT -- Supplemental Report - Option and Futures Combined Positions as of
November 05, 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 814,903
: Positions
:
: 106,102
79,807 196,868 233,970
421,065 209,417 46,638
746,357 744,378: 68,546
70,525
: Changes from: October 29,
2019 (Change in open
interest: -4,189) :
: -6,565
5,914 2,007 -3,175
-16,854 7,768 4,949 36
-3,983: -4,224 -205
: Percent of Open Interest
Represented by Each Category of Trader :
: 13.0
9.8 24.2 28.7
51.7 25.7 5.7
91.6 91.3:
8.4 8.7
: Total Traders: 587
Number of Traders in Each Category :
: 144
116 186 178
225 51 28
471 475:
-------------------------------------------------------------------------------------------------------------------
COT -- Supplemental Report - Option and Futures Combined Positions as of
November 05, 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 577,583
: Positions :
: 103,896
38,921 145,725 121,269
328,852 168,135 37,024
539,025 550,522: 38,558
27,060
: Changes from: October 29,
2019 (Change in open
interest: 28,279) :
: 7,431
6,013 8,873 5,537
14,402 6,516 -921
28,357 28,367: -78
-88
: Percent of Open Interest
Represented by Each Category of Trader :
: 18.0
6.7 25.2 21.0 56.9
29.1 6.4
93.3 95.3: 6.7
4.7
: Total Traders: 361
Number of Traders in Each Category :
: 104
67 139 86 83 40 21
315 265:
-------------------------------------------------------------------------------------------------------------------
COT -- Supplemental Report - Option and Futures Combined Positions as of
November 05, 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 470,113
: Positions :
: 33,398
72,905 113,951 152,437
207,888 117,693 43,215
417,480 437,960: 52,633
32,153
: Changes from: October 29,
2019 (Change in open
interest: 18,394)
:
: -4,816
2,775 9,342 9,028
2,975 5,216 2,514
18,770 17,606: -376
788
: Percent of Open Interest
Represented by Each Category of Trader :
: 7.1
15.5 24.2 32.4
44.2 25.0 9.2
88.8 93.2: 11.2
6.8
: Total Traders: 300
Number of Traders in Each Category :
: 59
70 98 105 85 36
16 260
224:
-------------------------------------------------------------------------------------------------------------------
CANOLA AND PALM OIL
General Comments: Canola was slightly higher. Higher world vegetable oils markets are
starting to lend some support to Canola.
Demand from crushers is reported to be good. Palm Oil was sharply higher in sympathy with stronger
world vegetable oils markets and reports of strong exports. The market is expecting MPOB to show short
production and reduced ending stocks in its monthly data tomorrow. Price action is very strong. USDA projected world vegetable oils ending
stocks at the lowest level in40 years on Friday.
Overnight News: AmSpec said that Malaysian Palm Oil exports
are 414,020 tons so far this month, up 12% from last month.
Chart Analysis:
Trends in Canola are mixed. Support
is at 460.00, 458.00, and 455.00 January, with resistance at 466.00, 468.00,
and 471.00 January. Trends in Palm Oil
are mixed to up with objectives of 2620 January. Support is at 2510, 2500, and 2450 January,
with resistance at 2590, 2620, and 2650 January.
DJ Malaysia's October Palm Oil Exports 1.64M Tons;
Up 16% -MPOB
Malaysia's
palm oil exports were up 16% on month at 1.64 million metric tons in October,
the Malaysian Palm Oil Board said.
The following are details of the October crop data
and revised numbers for September, issued by MPOB:
October
September Change
On Month
Crude Palm
Oil Output 1,795,880 1,842,433
Dn 2.53%
Palm
Oil Exports 1,641,743 1,410,023
Up 16.43%
Palm Kernel Oil Exports 99,601
88,311 Up
12.78%
Closing Stocks 2,348,066 2,448,528
Dn 4.1%
Crude Palm Oil 1,323,696 1,353,343
Dn 2.19%
Processed Palm Oil 1,024,370 1,095,185
Dn 6.47%
Disaggregated Commitments of Traders- Options and Futures Combined
Positions as of November 5, 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 183,413 :
: Positions
:
: 151,516 76,680
7,679 1,966 313
1,060 54,625 5,724
2,618 28,344 13,588 :
: Changes from: October 29,
2019 :
: 10,051 1,064
1,047 42 19
-471 10,828 -1,684
-42 -1,584 1,445 :
: Percent of Open Interest Represented by Each Category of Trader :
: 82.6 41.8
4.2 1.1 0.2
0.6 29.8 3.1
1.4 15.5 7.4 :
: Number of Traders in Each Category Total
Traders: 244 :
: 39 67 4 . . 4 51 12 30 72 27 :
----------------------------------------------------------------------------------------------------------------
Midwest Weather Forecast: Some light
rain or snow over the weekend. Temperatures
should average below normal.
|
US Gulf Cash Basis
|
|
|
|
|
|
|
|
Corn
|
HRW
|
SRW
|
Soybeans
|
Soybean Meal
|
Soybean Oil
|
|
November
|
+54 Dec
|
+180 Dec
|
+100 Dec
|
+56 Jan
|
+12 Dec
|
N/A
|
|
December
|
+56 Dec
|
|
+95 Dec
|
+54 Jan
|
|
|
|
January
|
+54 Mar
|
|
+90 Mar
|
+54 Jan
|
|
|
|
All basis levels
are positive unless noted as negative
|
|
|
|
|
|
|
|
|
|
|
|
DJ ICE Canada
Cash Grain Close - Nov 8
WINNIPEG --
The following are the closing cash
canola prices
from ICE Futures.
Source: ICE
Futures
Price Basis
Contract Change
CANOLA
*Par
Region 431.20 -30.00
Jan 2020 dn 1.20
Basis:
Thunder Bay 473.30 10.00
Jan 2020 up 2.10
Basis:
Vancouver 481.30 18.00
Jan 2020 up 2.10
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 - November 11
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 637.50
+17.50 Unquoted -
-
Dec 645.00 +17.50
Unquoted - -
Jan/Feb/Mar 657.50
+17.50 Unquoted -
-
Apr/May/Jun 657.50
+15.00 Unquoted -
-
RBD palm
olein, FOB, Malaysian ports
Offer Change Bid
Change Traded
Nov 640.00 +17.50
Unquoted - -
Dec 647.50 +17.50
Unquoted - -
Jan/Feb/Mar 660.00
+17.50 Unquoted -
-
Apr/May/Jun 660.00
+15.00 Unquoted -
-
RBD palm
stearin, FOB, Malaysian ports
Offer Change Bid
Change Traded
Nov 630.00 +12.50
Unquoted - -
Palm Fatty
Acid Distillate, FOB Malaysian ports
Offer Change Bid
Change Traded
Nov 510.00 +12.50
Unquoted - -
Crude palm
oil, Delivered Basis, South Malaysia
Offer Change Bid
Change Traded
Nov 2,520.00 +40.00
Unquoted - -
Palm kernel
oil, Delivered Basis, South Malaysia
Offer Change Bid
Change Traded
Nov 166.00 +03.00
Unquoted - -
($1=MYR4.1420)
DJ China
Dalian Grain Futures Closing Prices, Volume - Nov 11
Soybean No. 1
Turnover:
215,658 lots, or 7.45 billion yuan
Open
High Low Close
Prev. Settle Ch.
Vol Open
Settle Interest
Nov-19 -
- - 3,276
3,276 3,276 0
0 0
Jan-20 3,386
3,435 3,379 3,416
3,383 3,414 31
187,086 185,346
Mar-20 3,470
3,470 3,470 3,470
3,421 3,470 49
2 70
May-20 3,681
3,706 3,681 3,696
3,685 3,696 11
26,132 89,312
Jul-20 3,749
3,760 3,749 3,760
3,741 3,754 13
8 52
Sep-20 3,761
3,781 3,761 3,768
3,756 3,773 17 2,430
10,358
Corn
Turnover:
1,582,038 lots, or 29.73 billion yuan
Open
High Low Close
Prev. Settle Ch.
Vol Open
Settle Interest
Nov-19 -
- -
1,822 1,822 1,822
0 0 12,000
Jan-20 1,864
1,868 1,846 1,855
1,856 1,856 0
1,080,094 1,333,978
Mar-20 1,900
1,900 1,883 1,891
1,891 1,889 -2
145,354 542,738
May-20 1,949
1,951 1,931 1,938 1,942
1,939 -3 331,450
861,732
Jul-20 1,966
1,971 1,957 1,959
1,965 1,962 -3
1,128 8,658
Sep-20 1,994
1,996 1,981 1,985
1,990 1,986 -4
24,012 103,896
Soymeal
Turnover:
2,741,196 lots, or 78.60 billion yuan
Open
High Low Close
Prev. Settle Ch.
Vol Open
Settle Interest
Nov-19 -
- - 2,982
2,982 2,982 0
0 0
Dec-19 2,913
2,921 2,880 2,900
2,907 2,903 -4
1,344 4,148
Jan-20 2,933
2,936 2,887 2,891
2,936 2,905 -31
1,533,204 1,611,950
Mar-20 2,851
2,858 2,807 2,810
2,857 2,830 -27
85,916 375,946
May-20 2,836
2,843 2,788 2,791
2,839 2,809 -30
936,828 2,280,028
Jul-20 2,855
2,858 2,808 2,813
2,857 2,827 -30
186 1,608
Aug-20 2,840
2,840 2,825 2,839
2,862 2,834 -28
6 142
Sep-20 2,880
2,893 2,840 2,845
2,885 2,862 -23
183,712 761,104
Palm Oil
Turnover:
4,512,774 lots, or 24.68 billion yuan
Open
High Low Close
Prev. Settle Ch.
Vol Open
Settle Interest
Nov-19 -
- - 4,990
4,990 4,990 0
0 0
Dec-19 -
- - 5,332
5,332 5,332 0
0 2
Jan-20 5,388 5,542 5,340
5,542 5,330 5,434
104 3,770,858 852,696
Feb-20 5,436
5,558 5,412 5,558
5,346 5,492 146
44 714
Mar-20 -
- - 5,692
5,542 5,692 150
0 20
Apr-20 -
- - 5,626
5,478 5,626 148
0 2
May-20 5,596
5,732 5,548 5,732
5,512 5,640 128
731,978 485,674
Jun-20 -
- - 5,650
5,522 5,650 128
0 10
Jul-20 5,600
5,600 5,600 5,600
5,442 5,600 158 2
606
Aug-20 -
- - 5,296
5,148 5,296 148
0 2
Sep-20 5,370
5,550 5,370 5,550
5,338 5,458 120
9,888 34,340
Oct-20 5,644
5,644 5,612 5,612
5,442 5,628 186
4 8
Soybean Oil
Turnover:
1,884,978 lots, or 12.10 billion yuan
Open
High Low Close
Prev. Settle Ch.
Vol Open
Settle Interest
Nov-19 -
- - 6,334
6,334 6,334 0
0 0
Dec-19 6,384
6,430 6,384 6,430
6,284 6,414 130
6 12
Jan-20 6,404
6,514 6,366 6,484
6,358 6,440 82
1,442,176 875,774
Mar-20 6,444
6,540 6,340 6,518
6,362 6,420 58 26
704
May-20 6,300
6,436 6,284 6,416
6,248 6,352 104
421,748 479,738
Jul-20 6,458
6,458 6,458 6,458
6,232 6,458 226
2 534
Aug-20 -
- - 6,236
6,018 6,236 218
0 0
Sep-20 6,246
6,346 6,214 6,326
6,186 6,278 92
21,020 126,688
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.
141 W. Jackson Blvd. Suite 1920, Chicago, IL 60604
| (800) 769-7021 | (312) 264-4364 (Direct)
| www.pricegroup.com
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.
The Price
Futures Group, its officers, directors, employees, and brokers may in the
normal course of business have positions, which may or may not agree with the
opinions expressed in this report. Any decision to purchase or sell as a result
of the opinions expressed in this report will be the full responsibility of the
person authorizing such transaction. Reproduction and/or distribution of any
portion of this report are strictly prohibited without the written permission
of the author.
To SUBSCRIBE to Morning Grains please click here.
To Unsubscribe from Morning Grains
please click here.
Click Here to View the Morning Grains Archives
