MORNING GRAINS COMMENTS

Jack Scoville

 

Tuesday, December 31, 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

 

 

 

 

 

 

DJ USDA Grain Inspections for Export in Metric Tons – Dec 30

COUNTRY OF DESTINATION IS REPORTED AS KNOWN AT THE TIME OF EXPORTATION.

INFORMATION CONTAINED IN THIS REPORT REFLECTS EXPORTED GRAIN INSPECTED AND

WEIGHED THROUGH THE AUTHORITY UNDER THE U.S. GRAIN STANDARDS ACT.

NO ADDITIONAL ANALYSIS, COMPILATIONS OR DATA IS AVAILABLE.

GRAINS INSPECTED AND/OR WEIGHED FOR EXPORT

REPORTED IN WEEK ENDING DEC 26, 2019

— METRIC TONS —

————————————————————————-

CURRENT     PREVIOUS

———– WEEK ENDING ———-  MARKET YEAR  MARKET YEAR

GRAIN      12/26/2019  12/19/2019  12/27/2018    TO DATE     TO DATE

BARLEY              0           0           0       16,760        6,191

CORN          408,946     401,894     952,881    8,050,874   17,972,678

FLAXSEED          100         100           0          396          218

MIXED               0           0           0            0            0

OATS                0           0           0        1,918        1,693

RYE                 0           0           0            0            0

SORGHUM         4,049     157,401      29,769      869,974      458,712

SOYBEANS      911,482   1,097,748     756,153   20,719,478   16,627,065

SUNFLOWER           0           0           0            0            0

WHEAT         312,017     605,545     380,421   14,497,684   12,677,074

Total       1,636,594   2,262,688   2,119,224   44,157,084   47,743,631

————————————————————————-

CROP MARKETING YEARS BEGIN JUNE 1 FOR WHEAT, RYE, OATS, BARLEY AND

FLAXSEED;  SEPTEMBER 1 FOR CORN, SORGHUM, SOYBEANS AND SUNFLOWER SEEDS.

INCLUDES WATERWAY SHIPMENTS TO CANADA.

 

DJ CBOT Delivery Intentions: Totals – Dec 31

Source: CME Group

Contract                         Quantity   Next Trade

Commodity            Month      Delivery Day    Assigned Today   Date Available

SOYBEAN MEAL         January    Jan. 02, 2020             1355   Dec 03, 2019

SOYBEAN OIL          January    Jan. 02, 2020             1003   Dec 27, 2019

ROUGH RICE           January    Jan. 02, 2020              409   Dec 30, 2019

SOYBEAN              January    Jan. 02, 2020              795   Dec 30, 2019

 

WHEAT: 

General Comments:  Wheat markets were mostly a little higher after holding in the face of what appeared to be speculative profit taking seen for much of the session.  World markets rallied in the face of reduced production potential for Australia and the new tax regime for Argentina.  In addition, it seems that Russia has less Wheat this year as prices there have increased now for seven weeks in a row.  The Australian problem is very serious as record heat with almost no rain was noted in important growing areas.  There is no relief in sight.  World prices have been stronger in the last couple of weeks.  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.  Chart patterns on daily and weekly charts imply more up pressure on prices this week.

General Comments:

Overnight News:  The southern Great Plains should get mostly dry conditions this week and some light and mixed precipitation at the end of the week.  Temperatures should trend to near to above normal.  Northern areas should see mostly dry conditions except for some light precipitation late in the week.  Temperatures will average near to above normal.  The Canadian Prairies should see mostly dry weather but light snow is possible late in the week.  Temperatures should be near to above normal.

Chart Analysis:  Trends in Chicago are up with objectives of 570 March.  Support is at 545, 539, and 537 March, with resistance at 567, 573, and 576 March.  Trends in Kansas City are up with objectives of 525 March.  Support is at 467, 464, and 456 March, with resistance at 485, 490, and 496 March.  Trends in Minneapolis are up with objectives of 566 and 579 March.  Support is at 546, 539, and 533 March, and resistance is at 558, 563, and 567 March.

 

COT — Supplemental Report – Option and Futures Combined Positions as of December 24, 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   516,306

: Positions                                                                               :

:   73,435    84,126   183,496    69,935   152,631   158,612    50,718   485,478   470,972:   30,828    45,334

: Changes from: December 17, 2019          (Change in open interest:       2,310)         :

:   -4,556     4,327     3,455     2,689    -1,207        77    -2,372     1,664     4,202:      646    -1,892

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

:     14.2      16.3      35.5      13.5      29.6      30.7       9.8      94.0      91.2:      6.0       8.8

: Total Traders:   379          Number of Traders in Each Category                        :

:       91       110       119        68       111        51        25       283       304:

——————————————————————————————————————-

 

COT — Supplemental Report – Option and Futures Combined Positions as of December 24, 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   296,914

: Positions                                                                               :

:   50,965    56,781    85,863    59,178   110,558    71,901    24,783   267,907   277,985:   29,006    18,928

: Changes from: December 17, 2019          (Change in open interest:      -7,438)         :

:   -6,009    -8,115     1,304    -1,285       465    -1,347    -1,330    -7,337    -7,676:     -101       238

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

:     17.2      19.1      28.9      19.9      37.2      24.2       8.3      90.2      93.6:      9.8       6.4

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

:       85        50        75        77        83        35        13       233       192:

——————————————————————————————————————-

 

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 24, 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    62,583                :

: Positions                                                                                                    :

:   31,662    25,399     1,176         0        26     3,684    18,608     2,877     5,700       854     2,992 :

: Changes from:     December 17, 2019                                                                          :

:   -3,567       775       402         0         1       889    -5,316      -123      -487       -21      -179 :

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

:     50.6      40.6       1.9       0.0       0.0       5.9      29.7       4.6       9.1       1.4       4.8 :

: Number of Traders in Each Category                                  Total Traders:    87                     :

:       43        37         .         0         .         7        10         .         9         5        10 :

—————————————————————————————————————-

 

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 24, 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    18,537                :

: Positions                                                                                                    :

:    8,234    15,555     1,376         0     2,016     4,784         0       220     1,348         0       502 :

: Changes from:     December 17, 2019                                                                          :

:     -181       517       350         0       -21         1         0         0       148         0      -168 :

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

:     44.4      83.9       7.4       0.0      10.9      25.8       0.0       1.2       7.3       0.0       2.7 :

: Number of Traders in Each Category                                  Total Traders:    30                     :

:       10        22         .         0         .         4         0         .         .         0         . :

—————————————————————————————————————-

 

RICE

General Comments:   Rice was mostly higher as some speculative buying hit the pit.  There could have been some producer selling as prices are relatively high right now in both the cash market and the futures market.  The weekly charts still display a bullish market.  Demand for US Rice remains generally positive.  The export sales pace in general has been very good.  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.

Overnight News:  The Delta should get dry weather except for some rain on Thursday.  Temperatures should be below normal but near to above normal this weekend.

Chart Analysis:  Trends are mixed to up with objectives of 1331 and 1350 March.  Support is at 1316, 1312, and 1305 March, with resistance at 1332, 1344, and 1356 March.

 

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 24, 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    12,330                :

: Positions                                                                                                    :

:    4,757     8,286       110         0         0     3,723       760        10       482     1,045       942 :

: Changes from:     December 17, 2019                                                                          :

:     -457       692         0      -110         0     1,195        60         0        56        20       179 :

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

:     38.6      67.2       0.9       0.0       0.0      30.2       6.2       0.1       3.9       8.5       7.6 :

: Number of Traders in Each Category                                  Total Traders:    60                     :

:       11        16         .         0         0        20         .         .         9         8         8 :

 

CORN AND OATS                   

General Comments:  Corn closed a little lower and Oats closed near unchanged to lower in consolidation trading.  The news of the day did not seem to affect feedgrains very much although the signing of the accord with China will bring renewed demand for feed one way or another.  It could be domestic, it could be export, or a combination of the two.  There is little Corn available to the domestic cash market.  The market has been short Corn as farmers have been holding.  That means that there is very little Corn available to the domestic and international cash market.  Ukraine has been selling and offers from Argentina have been at lower prices.  It was a thin trade over the holiday.

Overnight News: 

Chart Analysis:  Trends in Corn are mixed.  Support is at 385, 380, and 378 March, and resistance is at 392, 393, and 394 March.  Trends in Oats are mixed.  Support is at 284, 283, and 276 March, and resistance is at 293, 295, and 297 March.

 

COT — Supplemental Report – Option and Futures Combined Positions as of December 24, 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 1,787,533

: Positions                                                                               :

:  134,380   248,929   432,311   506,271   749,763   407,093   168,884 1,480,056 1,599,887:  307,477   187,646

: Changes from: December 17, 2019          (Change in open interest:     -13,270)         :

:   -7,889   -13,258    -4,025    -4,308     6,973     2,292    -6,434   -13,930   -16,745:      660     3,475

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

:      7.5      13.9      24.2      28.3      41.9      22.8       9.4      82.8      89.5:     17.2      10.5

: Total Traders:   813          Number of Traders in Each Category                        :

:      149       126       176       389       374        52        33       684       629:

——————————————————————————————————————-

 

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 24, 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     4,865                :

: Positions                                                                                                    :

:    1,133     3,859       116         0         0       605       163         0     1,347         0         0 :

: Changes from:     December 17, 2019                                                                          :

:       34      -687         0         0         0      -801        -7         0        11         0         0 :

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

:     23.3      79.3       2.4       0.0       0.0      12.4       3.4       0.0      27.7       0.0       0.0 :

: Number of Traders in Each Category                                  Total Traders:    20                     :

:        7         8         .         0         0         4         .         0         .         0         0 :

—————————————————————————————————————-

 

SOYBEANS AND PRODUCTS

General Comments:  Soybeans were slightly higher and Soybean Oil was higher and Soybean Meal was a little lower.  The rally was led higher by Soybean Oil which reacted to the breakout higher in Palm Oil last week.  Many producers have put their Soybeans into storage and not selling.  This has caused basis levels to firm in the country and at the Gulf of Mexico.  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 done and that tariffs on both sides would be cut back as a part of any deal helped support the market.  China joined the US in stating that the agreement is in ready to be signed and that a Chinese delegation would be arriving in the US for a signing ceremony as soon as this week.

Overnight News:

Chart Analysis:  Trends in Soybeans are up with objectives of 959, 962, and 974 March.  Support is at 939, 937, and 934 March, and resistance is at 955, 958, and 965 March.  Trends in Soybean Meal are mixed to down with objectives of 298.00, 297.00, and 291.00 March.  Support is at 300.00, 298.00, and 296.00 March, and resistance is at 304.00, 306.00, and 308.00 March.  Trends in Soybean Oil are up with objectives of 3580 March.  Support is at 3450, 3420, and 3380 March, with resistance at 3600, 3660, and 3720 March.

 

COT — Supplemental Report – Option and Futures Combined Positions as of December 24, 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   931,796

: Positions                                                                               :

:   70,025   109,526   259,630   315,890   417,309   211,841    72,394   857,386   858,858:   74,410    72,938

: Changes from: December 17, 2019          (Change in open interest:     -37,773)         :

:       14   -36,887     3,795   -38,097     2,381      -930    -9,864   -35,219   -40,575:   -2,554     2,802

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

:      7.5      11.8      27.9      33.9      44.8      22.7       7.8      92.0      92.2:      8.0       7.8

: Total Traders:   582          Number of Traders in Each Category                        :

:      139       121       194       190       210        51        30       491       468:

——————————————————————————————————————-

 

COT — Supplemental Report – Option and Futures Combined Positions as of December 24, 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   561,516

: Positions                                                                               :

:  116,820    25,187   123,689   112,977   358,134   173,044    29,639   526,531   536,649:   34,985    24,867

: Changes from: December 17, 2019          (Change in open interest:          91)         :

:   10,734    -4,564       135   -12,214     3,956     3,368       -37     2,022      -509:   -1,931       600

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

:     20.8       4.5      22.0      20.1      63.8      30.8       5.3      93.8      95.6:      6.2       4.4

: Total Traders:   325          Number of Traders in Each Category                        :

:      110        46        99        76        82        45        18       281       214:

——————————————————————————————————————-

 

COT — Supplemental Report – Option and Futures Combined Positions as of December 24, 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   482,739

: Positions                                                                               :

:   47,550    74,349    93,599   170,035   255,360   122,615    31,014   433,799   454,322:   48,940    28,417

: Changes from: December 17, 2019          (Change in open interest:      -6,494)         :

:    1,450    -6,285    -3,522    -4,610     5,842     3,048    -3,266    -3,634    -7,232:   -2,860       738

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

:      9.8      15.4      19.4      35.2      52.9      25.4       6.4      89.9      94.1:     10.1       5.9

: Total Traders:   299          Number of Traders in Each Category                        :

:       56        67        85       105        86        38        15       253       213:

——————————————————————————————————————-

 

CANOLA AND PALM OIL        

General Comments:  Canola was higher and recovered most of the losses registered late last week.  The US-China Phase One trade deal was considered bullish for Canola as well.  Prices are still in a range that has held for the week but the daily chart price trends are mostly up.  Demand from crushers is reported to be good and crush margins are reported to be strong.  Palm Oil was higher in holiday market trading.  The rally came on the back of ideas that December production will drop 15% from the previous month.  Such production would be bullish given the demand potential for Palm Oil.  Outside market strength also helped Palm Oil futures.  Demand has been a problem in India due to government tariffs there.  Demand has also been weaker in Europe.

Overnight News:  SGS said that Malaysian Palm Oil exports were 1.325 million tons, down 6% from last month.  AmSpec said that exports were 1.349 million tons, down 4% from last month.

Chart Analysis:  Trends in Canola are mixed.  Support is at 463.00, 461.00, and 459.00 March, with resistance at 469.00, 471.00, and 473.00 March.  Trends in Palm Oil are up with objectives of 3140 March.  Support is at 3020, 2920, and 2880 March, with resistance at 3150, 3180, and 3210 March.

 

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of December 24, 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   179,480                :

: Positions                                                                                                    :

:  148,493    96,264     5,540     2,039       585     1,662    48,904     5,546     6,344    13,994    10,300 :

: Changes from:     December 17, 2019                                                                          :

:  -17,697    -4,908      -209       193        83       484   -12,620       589       578       396    -2,274 :

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

:     82.7      53.6       3.1       1.1       0.3       0.9      27.2       3.1       3.5       7.8       5.7 :

: Number of Traders in Each Category                                  Total Traders:   217                     :

:       41        56         5         .         .         9        47        11        30        52        20 :

—————————————————————————————————————-

 

 

Midwest Weather Forecast:   Mostly dry except for some rain and snow on Thursday.  Temperatures should average above normal.

 

 

US Gulf Cash Basis

Corn

HRW

SRW

Soybeans

Soybean Meal

Soybean Oil

December

+42 Mar

+165 Mar

+100 Mar

+59 Jan

+12 Jan

N/A

January

+48 Mar

+105 Mar

+56 Jan

February

+57 Mar

+110 Mar

+33 Mar

All basis levels are positive unless noted as negative

 

 

 

 

 

 

 

 

DJ ICE Canada Cash Grain Close – Dec 27

By MarketsFarm

WINNIPEG, Dec. 27 (MarketsFarm) – The following are the closing

cash canola prices from ICE Futures for Thursday, December 27.

Source:  ICE Futures

CANOLA

1 Canada NCC Best Bid

Spot Price     Basis    Contract     Change

*Par Region         439.00    -29.70    Jan 2020   up  1.20

Track Thunder Bay   481.20      7.00    Jan 2020   dn  3.80

Track Vancouver     489.20     15.00    Jan 2020   dn  3.80

All prices in Canadian dollars per metric ton.

 

DJ Malaysian PM Cash Market Prices for Palm Oil – Dec 30

The following are prices for Malaysian palm oil in the cash market at 1000 GMT on 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

Jan           782.50     +17.50

Feb           787.50     +20.00

Mar           787.50     +20.00

Apr/May/Jun   770.50     +20.50

RBD palm olein, FOB, Malaysian ports

Offer      Change

Jan           785.00     +17.50

Feb           790.00     +20.00

Mar           790.00     +20.00

Apr/May/Jun   772.50     +20.00

RBD palm stearin, FOB, Malaysian ports

Offer      Change

Jan           775.00     +15.00

Palm Fatty Acid Distillate, FOB Malaysian ports

Offer      Change

Jan           665.00     +10.00

Crude palm oil, Delivered Basis, South Malaysia

Offer      Change

Jan           3,100     +60.00

Palm kernel oil, Delivered Basis, South Malaysia

Offer      Change

Jan           270.00    +7.00

($1=MYR4.1275)

 

DJ China Dalian Grain Futures Closing Prices, Volume – Dec 30

Soybean No. 1

Turnover: 90,430 lots, or 3.43 billion yuan

Open    High    Low  Close   Prev.  Settle  Ch.     Vol      Open

Settle                       Interest

Jan-20  3,362  3,368  3,345  3,360   3,347   3,357   10   9,218    20,152

Mar-20  3,406  3,420  3,405  3,413   3,405   3,412    7      54     2,254

May-20  3,815  3,850  3,815  3,841   3,828   3,835    7  78,754   153,570

Jul-20  –          –      –  3,885   3,871   3,885   14       0        58

Sep-20  3,876  3,897  3,873  3,890   3,880   3,886    6   2,394    22,976

Nov-20  3,781  3,791  3,773  3,791   3,771   3,781   10      10       142

Corn

Turnover: 560,608 lots, or 10.72 billion yuan

Open    High    Low  Close   Prev.  Settle  Ch.      Vol       Open

Settle                         Interest

Jan-20  1,830  1,835  1,827  1,831   1,836   1,831   -5   12,916     31,658

Mar-20  1,867  1,871  1,861  1,866   1,869   1,866   -3   56,044    587,540

May-20  1,911  1,919  1,909  1,915   1,916   1,913   -3  431,042  1,439,388

Jul-20  1,938  1,944  1,937  1,941   1,941   1,939   -2    1,076      9,166

Sep-20  1,963  1,970  1,960  1,965   1,968   1,965   -3   56,770    290,468

Nov-20  1,972  1,983  1,972  1,978   1,981   1,978   -3    2,760      3,152

Soymeal

Turnover: 3,723,464 lots, or 10.30 billion yuan

Open    High    Low  Close   Prev.  Settle  Ch.        Vol       Open

Settle                           Interest

Jan-20  2,673  2,678  2,644  2,669   2,673   2,665   -8     32,396     38,890

Mar-20  2,676  2,703  2,660  2,703   2,672   2,681    9    169,322    521,758

May-20  2,737  2,776  2,733  2,775   2,737   2,755   18  2,871,306  3,362,554

Jul-20  2,766  2,802  2,760  2,802   2,763   2,773   10        558      3,364

Aug-20  2,804  2,818  2,804  2,818   2,809   2,813    4          8        178

Sep-20  2,815  2,860  2,812  2,858   2,816   2,836   20    649,072  1,790,374

Nov-20  2,836  2,882  2,836  2,871   2,837   2,855   18        484        470

Dec-20  2,851  2,910  2,851  2,898   2,841   2,873   32        318        156

Palm Oil

Turnover: 2,954,536 lots, or 18.59 billion yuan

Open    High    Low  Close   Prev.  Settle  Ch.        Vol       Open

Settle                           Interest

Jan-20  6,382  6,432  6,350  6,410   6,304   6,382   78     32,474     49,130

Feb-20  6,304  6,398  6,242  6,396   6,248   6,348  100        100        560

Mar-20  6,444  6,444  6,394  6,440   6,330   6,416   86        152        690

Apr-20  6,286  6,330  6,286  6,330   6,268   6,308   40          4         12

May-20  6,326  6,326  6,270  6,312   6,228   6,298   70  2,833,334  1,638,964

Jun-20  6,280  6,280  6,200  6,200   6,102   6,240  138          4         32

Jul-20  –          –      –  6,220   6,084   6,220  136          0        612

Aug-20  –          –      –  6,116   5,982   6,116  134          0         14

Sep-20  6,000  6,000  5,950  5,978   5,920   5,974   54     88,460    131,650

Oct-20  –          –      –  5,964   5,944   5,964   20          0          8

Nov-20  5,948  5,948  5,912  5,912   5,896   5,926   30          6         18

Dec-20  6,068  6,068  6,068  6,068   5,914   6,068  154          2          4

Soybean Oil

Turnover: 1,029,868 lots, or 69.53 billion yuan

Open    High    Low  Close   Prev.  Settle  Ch.      Vol       Open

Settle                         Interest

Jan-20  6,666  6,718  6,652  6,682   6,626   6,674   48    4,776     12,660

Mar-20  6,816  6,816  6,698  6,808   6,736   6,786   50       16        888

May-20  6,774  6,792  6,730  6,764   6,714   6,760   46  943,040  1,323,102

Jul-20  –          –      –  6,684   6,684   6,684    0        0        832

Aug-20  –          –      –  6,576   6,532   6,576   44        0          0

Sep-20  6,672  6,674  6,616  6,648   6,614   6,644   30   82,034    243,578

Nov-20  6,536  6,536  6,536  6,536   6,542   6,536   -6        2        422

Dec-20  –          –      –  6,608   6,614   6,608   -6        0          0

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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