MORNING GRAINS COMMENTS

DJ CBOT Delivery Intentions: Totals – Jan 10

Source: CME Group

Contract                         Quantity   Next Trade

Commodity      Month      Delivery Day    Assigned Today   Date Available

SOYBEAN MEAL   January    Jan. 13, 2020              292   Jan 09, 2020

SOYBEAN OIL    January    Jan. 13, 2020              354   Jan 09, 2020

ROUGH RICE     January    Jan. 13, 2020                3   Dec 31, 2019

SOYBEAN        January    Jan. 13, 2020              141   Jan 08, 2020

 

DJ U.S. Export Sales: Weekly Sales Totals – Jan 10

For the week ended Jan 2, in thousand metric tons, except cotton in

thousand running bales. Net changes in commitments are gross sales,

less cancellations, buy-backs and other downward adjustments. Total

commitments are total export shipments plus total sales.

The marketing year for wheat and barley began Jun 1, cotton and

and rice Aug 1, corn, soybeans and sorghum Sep 1, and soymeal and

soyoil Oct 1. Source: USDA

wk’s net chg             total

in commitments        commitments      undlvd sales

this yr  next yr   this yr   last yr  this yr  next yr

wheat            80.6     50.0   18934.2   17908.8   4433.6    120.3

hrw            35.7      0.0    6944.3    5578.8   1439.8      0.0

srw             8.4      0.0    2100.5    2277.1    525.7      4.5

hrs             4.6     40.0    5297.3    5504.2   1205.3     44.8

white          11.7     10.0    3781.7    4128.8   1075.7     10.0

durum          20.1      0.0     810.5     419.9    187.1     61.0

corn            161.9      0.0   18516.5   32287.4   9626.9    815.6

soybeans        355.5      3.4   29771.3   30369.2   7807.5    183.5

soymeal          74.2      0.0    5612.9    6909.7   2841.8     87.3

soyoil            2.6      0.0     428.3     405.9    120.8      0.5

upland cotton   152.0      5.5   11626.5   10878.8   7489.6   1003.0

pima cotton       5.2      0.0     353.7     467.2    181.2     35.3

sorghum          20.1      0.0    1107.3     476.6    514.7      0.0

barley            0.0      0.0      58.9      58.3     30.2      0.0

rice             35.4      0.0    2185.3    1907.5    704.1      0.0

 

DJ U.S. January Grain, Soybean Stockpiles Estimates — Survey

CHICAGO–The following are analysts’ estimates in millions of bushels for U.S. ending stockpiles for 2019-20, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated supply and demand tables on Friday at noon ET.

U.S. 2019-20 Stockpiles (millions)                                                         USDA        USDA

Average     Range          December     2018-19

Corn                       1,753   1,479-1,960          1,910       2,114

Soybeans                    432      310-520              475         913

Wheat                       972     930-1,000             974       1,080

2019-20

Corn     Soybeans        Wheat

AgriSource                 1,801       356           964

Allendale                  1,853       456           960

DC Analysis                1,679       439           946

Doane Advisory             1,835       435           985

EDF Man                    1,915       425           964

Futures International      1,849       473           981

Grain Cycles               1,537       423           967

Hueber Report              1,730       435           960

INTL FCStone               1,796       438           959

Kapco Futures              1,776       461           999

Sid Love Consulting        1,560       429           994

Midland Research           1,709       391           974

Northstar Commodity        1,890       310         1,000

Prime-Ag                   1,681       393           974

RJ O’Brien                 1,710       457           995

Risk Mgmt Commodities      1,750       403           934

Turner’s Take Ag Marketing 1,960       475           974

US Commodities             1,812       448           970

VantageRM                  1,702       410           930

Western Milling            1,479       520           999

Zaner Ag Hedge             1,795       490           989

 

DJ January World Grain, Soybean Stockpiles Estimates — Survey

CHICAGO–The following are analysts’ estimates in millions of metric tons for world grain and soybean ending stockpiles for 2019-20, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated supply and demand tables on Friday at noon ET.

World 2019-20 Stockpiles (million metric tons)

USDA

Average      Range     December

Corn                             297.3  290.5-301.0      300.6

Soybeans                          95.7   91.7-97.5        96.4

Wheat                            288.2  284.0-290.0      289.5

2019-20

Corn       Soybeans      Wheat

Allendale                     299.8        96.1        289.2

Doane Advisory                300.0        96.0        288.0

EDF Man                       301.0        96.0        290.0

Futures International         296.0        94.9        288.6

Grain Cycles                  290.5        94.7        287.5

Hueber Report                 298.1        95.5        288.5

INTL FCStone                  294.7        91.7        287.5

Kapco Futures                 299.0        97.0        290.0

Northstar Commodity           299.0        95.4        289.0

Prime-Ag                      295.0        95.0        289.0

Risk Mgmt Commodities         294.0        95.0        284.0

Turner’s Take Ag Marketing    301.0        96.4        289.5

US Commodities                298.1        97.5        288.0

Western Milling               295.0        97.0        288.5

Zaner Ag  Hedge               298.1        97.2        286.3

 

DJ U.S. Corn, Soybean Production Estimates — Survey

CHICAGO–The following are analysts’ estimates for 2019 U.S. corn and soybean production in millions of bushels, as compiled by The Wall Street Journal. Yield estimates are in bushels per acre and harvested acres are in million acres. The U.S. Department of Agriculture is scheduled to release its monthly estimates on Friday at noon ET.

U.S. Corn, Soybean Production (million bushels)

USDA      USDA

Average      Range      December 2018-2019

Corn Production              13,494 13,030-13,701     13,661    14,420

Corn Yield                    165.9  164.5-167.5       167.0     176.4

Harvested Acres                81.3   79.2-81.8         81.8      81.7

 

Soybean Production            3,519  3,457-3,591       3,550     4,428

Soybean Yield                  46.6   45.9-47.2         46.9      50.6

Harvested Acres                75.6   75.0-77.2         75.6      87.6

Corn                     Soybean

Production  Yield Harvested  Production Yield Harvested

Acres                      Acres

AgriSource                 13,527    166.0    81.5      3,457     45.9    75.3

Allendale                  13,599    166.7    81.6      3,523     46.7    75.4

DC Analysis                13,605    166.3    81.8      3,532     46.7    75.6

Doane Advisory             13,600    166.3    81.8      3,535     46.7    75.6

EDF Man                    13,550    166.4    81.5      3,500     46.4    75.4

Futures International      13,594    167.2    81.3      3,534     46.7    75.7

Grain Cycles               13,472    165.5    81.4      3,548     47.0    75.5

Hueber Report              13,349    165.0    80.9      3,508     46.5    75.4

INTL FCStone               13,472    165.5    81.4      3,488     46.5    75.0

Kapco Futures              13,527    167.0    81.0      3,536     46.9    75.4

Sid Love Consulting        13,496    166.0    81.3      3,496     46.5    75.2

Midland Research           13,510    165.4    81.7      3,516     46.5    75.6

North Star Commodity       13,701    167.5    81.8      3,508     46.4    75.6

Prime-Ag                   13,332    165.0    80.8      3,468     46.0    75.4

RJ O’Brien                 13,561    166.6    N/A       3,512     46.6     N/A

Risk Mgmt Commodities      13,431    164.8    81.5      3,478     46.0    75.6

Turner’s Take Ag Marketing 13,529    166.0    81.5      3,550     46.9    75.6

US Commodities             13,512    165.6    81.6      3,538     46.8    75.6

VantageRM                  13,603    166.5    81.7      3,530     46.7    75.6

Western Milling            13,030    164.5    79.2      3,591     46.5    77.2

Zaner Ag Hedge             13,381    164.8    81.2      3,558     47.2    75.4

 

DJ Survey: Dec. 1 Quarterly Grain, Soybean Stockpiles Estimates

CHICAGO–The following are analysts’ estimates in millions of bushels for December 1 quarterly U.S. grain and soybean stockpiles, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release updated tables at noon ET on Friday.

U.S. Stockpiles on Dec. 1, 2019 (million bushels)

USDA        USDA

Average        Range     Sept. 2019   Dec. 2018

Corn                11,416    10,926-11,660    2,114       11,937

Soybeans             3,179     3,023-3,379      913         3,746

Wheat                1,922     1,835-2,047     2,385        2,009

Corn       Soybeans       Wheat

Advanced Market     11,150        3,205        1,835

Doane               11,450        3,165        1,885

EDFMan Capital      11,600        3,350        1,900

Futures INTL        11,489        3,100        1,928

Grain Cycles        11,290        3,120        1,980

INTL FCStone        11,376        3,137        2,047

Sid Love Consulti   11,466        3,216        1,916

Midland Research    11,344        3,140        1,930

Northstar Commodi   11,611        3,023        1,950

Prime-Ag            11,400        3,125        1,850

RJ O’Brien          11,434        3,142        1,894

U.S. Commodities    11,660        3,160        1,885

Vantage RM          11,606        3,125        1,922

Western Milling     10,926        3,292        1,924

Zaner Ag Hedge      11,437        3,379        1,983

 

DJ Survey: USDA U.S. Winter Wheat Seedings Estimates

CHICAGO–The following are analysts’ estimates in millions of acres for 2020-21 U.S. winter wheat that was planted in October and November, as compiled by The Wall Street Journal. The U.S. Department of Agriculture is scheduled to release its report at noon ET on Friday.

U.S. 2020-21 U.S. Winter Wheat Seedings Estimates

Average     Range    USDA 2019-20

All Winter Wheat            30.7       30.0-32.2      31.2

Hard Red Winter             22.1       21.6-23.1      22.5

Soft Red Winter              5.1        4.6-5.6        5.2

White Winter                 3.4        3.3-3.5        3.5

All Winter    Hard-Red     Soft-Red       White

Advanced Market             30.0         21.9          4.8          3.3

Doane                       31.0

EDFMan Capital              30.5         22.0          5.0          3.5

Futures INTL                31.1         22.4          5.2          3.5

Grain Cycles                30.5         22.5          4.6          3.4

INTL FCStone                30.2         21.6          5.2          3.5

Sid Love Consulting         30.6         22.0          5.2          3.4

Midland Research            30.5         21.9          5.1          3.5

Northstar Commodity         30.4         21.9          5.0          3.5

Prime-Ag                    30.5

RJ O’Brien                  30.9         22.0          5.5          3.4

U.S. Commodities            31.1         22.4          5.3          3.4

Vantage RM                  30.8         22.1          5.2          3.5

Western Milling             30.3         22.0          5.0          3.3

Zaner Ag Hedge              32.2         23.1          5.6          3.5

 

BRIEF-Brazil’s 2019/2020 soybean output estimate upped to 122.225 mln T – Conab – Reuters

08-Jan-2020 06:06:14 AM

Jan 8 (Reuters) – ]

  • BRAZIL 2019/2020 TOTAL GRAIN CROP SEEN AT 248.006 MILLION TNS VERSUS 246.634 MILLION TNS IN ESTIMATE AND 242.120 MILLION TONS IN 2018/2019 – CONAB
  • BRAZIL 2019/2020 SOYBEAN CROP SEEN AT 122.225 MILLION TNS VERSUS 121.092 MILLION TNS IN ESTIMATE AND 115.030 MILLION TNS IN 2018/2019 – CONAB
  • BRAZIL 2019/2020 TOTAL CORN CROP SEEN AT 98.711 MILLIONTNS VERSUS 98.409 MILLION TNS IN ESTIMATE AND 100.046 MILLION TNS IN 2018/2019 ESTIMATE – CONAB
  • BRAZIL 2019/2020 FIRST-CORN CROP SEEN AT 26.617 MILLION TNS VERSUS 26.313 MILLION TNS IN ESTIMATE AND 25.647 IN 2018/2019 – CONAB
  • BRAZIL 2019/2020 SECOND-CORN CROP SEEN AT 70.936 MILLION TNS VERSUS 70.936 MILLION TNS IN ESTIMATE AND 73.178 MILLION TNS IN 2018/2019 – CONAB
  • BRAZIL 2019/2020 TOTAL CORN AREA SEEN AT 17.536 MILLION HA VERSUS 17.544 MILLION HA IN ESTIMATE AND 17.496 MILLION HA IN 2018/2019 – CONAB
  • BRAZIL 2019/2020 SOYBEAN AREA SEEN AT 36.798 MILLION HA VERSUS 36.791 MILLION HA IN ESTIMATEAND 35.874 MILLION HA IN 2018/2019 – CONAB
  • BRAZIL 2019/2020 CORN EXPORTS SEEN AT MILLION TNS VERSUS 34 MILLION TNS IN FORECAST AND 41.5 MILLION TNS IN 2018/2019 – CONAB
  • BRAZIL’S 2019/2020 SECOND-CORN AREA SEEN AT 12.878 MILLION HA VERSUS 12.878 MILLION HA IN ESTIMATE AND 12.878 MILLION HA IN 2018/2019 – CONAB
  • BRAZIL 2019/2020 SOYBEAN YIELDS SEEN AT 3,322 KG/HA VERSUS 3,291 KG/HA IN DEC FORECAST AND 3,206 KG/HA IN 2018/19 – CONAB
  • BRAZIL 2019/2020 TOTAL CORN YIELDS SEEN AT 5,629 KG/HA VERSUS 5,609 KG/HA IN DEC FORECAST AND 5,718 KG/HA IN 2018/19- CONAB

 

 

WHEAT: 

General Comments:  Wheat markets were higher.  The US killed the Iranian general on Iraqi soil and Iran bombed a couple of US bases inside of Iraq.  The US will probably lose some Wheat and Rice export business as a result.  The US weather improved in the Great Plains and Midwest as forecasts call for more precipitation for later this week.  World markets have rallied in the face of reduced production potential for Australia and Russia and the new tax regime for Argentina.  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 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 suggest that trends are still up.  The USDA reports are expected to show somewhat reduced production for this year and reduced planted area for next year because of the relatively unprofitable prices seen until just recently.

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 this week and near to below normal this weekend.  Northern areas should see mostly dry conditions except for some light precipitation over the middle of the week.  Temperatures will average near to below normal.  The Canadian Prairies should see mostly dry weather.  Temperatures should be below normal.

Chart Analysis:  Trends in Chicago are mixed to up with objectives of 570, 573, and 595 March.  Support is at 551, 545, and 539 March, with resistance at 564, 567, and 573 March.  Trends in Kansas City are mixed to up with objectives of 494, 511, and 525 March.  Support is at 477, 467, and 464 March, with resistance at 497, 510, and 513 March.  Trends in Minneapolis are mixed to up with objectives of 557, 565, and 579 March.  Support is at 547, 542, and 539 March, and resistance is at 557, 566, and 567 March.

 

RICE

General Comments:   Rice was higher on news that the trade agreement with China will in fact be signed in Washington on January 15.  The markets had been waiting for this confirmation.  The market is also waiting for the USDA reports and is also noting the potential for lost demand to Iraq.  Iraq is a buyer of US milled Rice and anything to upset sales to that important destination would be noted.  Ideas are that Rice has little to gain from the China deal as China is not likely to take much US Rice if any.  Some producers are selling the next crop and the trade and open interest in the September contract is relatively large for the time of year.  More selling from producers of the next crop is expected on any rally attempts.  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 showers and rains through the weekend.  Temperatures should be below normal but near to above normal this weekend.

Chart Analysis:  Trends are up with objectives of 1350 March.  Support is at 1307, 1297, and 1288 March, with resistance at 1332, 1344, and 1349 March.

 

CORN AND OATS                   

General Comments:  Corn closed unchanged to a little lower and Oats closed higher.  The main force behind the weaker Corn market remains the lack of Corn demand over the short term.  Export demand has been disappointing and ethanol and other industrial demand faces an uncertain road ahead.  Much of the improved ethanol demand will be seen if and when China starts to buy.  China just postponed its increase in ethanol production by another year due to weaker than expected domestic Corn production and weak infrastructure.  Feed demand remains unknown but has been disappointing over the last couple of years given the increase in animal numbers seen in the US.  There is little Corn available to the domestic cash market.  Farmers have been holding.  Ukraine has been selling and offers from Argentina have been at lower prices.  USDA is expected to show reduced production from reduced yields and planted area, but the total losses are not expected to be large.  Demand ideas are expected to hold for another month but will depend on the quarterly stocks estimate.

Overnight News:

Chart Analysis:  Trends in Corn are mixed to down with objectives of 378 and 370 March.  Support is at 382, 380, and 378 March, and resistance is at 387, 388, and 392 March.  Trends in Oats are mixed to up with objectives of 305, 308, and 317 March.  Support is at 295, 288, and 283 March, and resistance is at 303, 309, and 312 March.

 

SOYBEANS AND PRODUCTS

General Comments:  Soybeans and Soybean Meal were lower but Soybean Oil closed a little higher.  The market is waiting for the USDA reports that will be released later today and also the signing of the trade deal.  A signing ceremony will be held in the US on January 15 and then new buying from China is expected.  A lot will depend on the price of US Soybeans and those from Brazil and Argentina.  Lower prices there will hurt overall demand here.  China will return in the end to buy at least as many Soybeans as it did before the trade war, but when is the main problem and is compounded by good growing conditions and ideas of big crops in South America.  Many US 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.  USDA is expected to trim production by cutting yields and perhaps harvested area.  Demand should be left unchanged.

Overnight News:

Chart Analysis:  Trends in Soybeans are mixed.  Support is at 937, 934, and 923 March, and resistance is at 954, 956, and 961 March.  Trends in Soybean Meal are mixed.  Support is at 299.00, 298.00, and 296.00 March, and resistance is at 304.00, 308.00, and 312.00 March.  Trends in Soybean Oil are mixed.  Support is at 3440, 3420, and 3380 March, with resistance at 3500, 3550, and 3570 March.

 

CANOLA AND PALM OIL        

General Comments:  Canola was higher on confirmation that the trade deal between the US and China would be signed on January 15.  The Canadian Dollar was a little weaker and Canadian producers have slowed sales recently.  Demand from crushers is reported to be good and crush margins are reported to be strong.  Trends are turning up in the market.  Palm Oil was higher on news that Malaysia would implement B24 in its fuel blends.  Indonesia has also announced plans to increase biofuels in its mixtures, including B48 and B50.  India has improved its imports of Palm Oil and China has been buying.  Demand has been a problem in India due to government tariffs there, but the tariffs are now gone and reports indicate that demand has sharply increased.  Supplies could run short due to the demand and reuced production over the next couple of months.

Overnight News:  SGS said that Malaysian Palm Oil exports are 457,831 tons so far this month, up 21.6% from last month.  AmSpec said that eexports are now 455,592 tons, up 24% from last month.

Chart Analysis:  Trends in Canola are up with objectives of 491.00 and 500.00 March.  Support is at 482.00, 478.00, and 4767.00 March, with resistance at 485.00, 490.00, and 494.00 March.  Trends in Palm Oil are mixed to up with objectives of 3140 March.  Support is at 3060, 3020, and 3000 March, with resistance at 3150, 3180, and 3210 March.

 

 

 

DJ Canadian Grain Handling Summary – Jan 9

WINNIPEG – The following are Canadian grain handling summary statistics

for the three weeks ended Jan. 5, 2020. Figures in thousands of metric tons.

Source: Canadian Grain Commission.

Durum

Wheat  Wheat  Oats  Barley  Flax  Canola   Peas   Corn  Total*

COMMERCIAL STOCKS

This Week 2714.1  738.5  286.4  403.5  34.4  1375.6  261.2   76.0  6539.3

Week Ago  2343.6  722.2  326.2  437.3  38.9  1388.9  301.6   71.3  6337.3

Year Ago  2945.8  815.6  219.0  295.2  45.4  1090.7  355.9  331.4  6879.1

PRODUCER DELIVERIES

This Week  983.6  162.0  101.7  191.5  15.1  1039.1  188.5    9.7  2878.0

Week Ago   438.5  103.7   47.1   96.6   5.5   385.8   80.4   11.1  1244.1

To Date   8995.2 2120.9 1205.9 1874.5 140.5  8696.4 1981.6  167.6 26832.8

Year Ago  9675.8 1555.7 1032.2 1597.9 149.5  8278.2 1581.7  252.8 26255.5

TERMINAL RECEIPTS

This Week 1023.9  355.6   58.1  176.5   4.7   530.7  111.3   19.5  2551.3

Week Ago   362.3  112.0   13.7   94.6   7.1   171.4   68.7   16.7   987.3

To Date   8419.1 2880.6  297.2 1033.9  61.3  4517.5 1292.9   87.6 21931.2

Year Ago  9608.5 1807.1  245.3  943.4  62.2  4595.2  887.6  566.4 23617.9

EXPORTS

This Week  755.5  279.6  139.4  142.9  17.4   269.4  112.1    0.0  1981.4

Week Ago   276.3   79.4   23.4  177.6  25.2   187.3   22.9    0.0  1058.4

To Date   6820.9 2152.5  808.4  991.6  80.5  3704.9 1242.0   12.5 18288.4

Year Ago  7980.9 1460.2  732.1  972.4 116.6  4345.5  854.9  751.7 20711.9

DOMESTIC DISAPPEARANCE

This Week  199.3   37.1   14.7   82.1   2.4   540.3   11.0   19.8   976.7

Week Ago   132.6   15.0    6.5   30.7   0.5   253.2    5.2   10.5   523.2

To Date   1997.2  193.1  127.7  609.7  19.2  4855.1   97.5  296.5  9022.1

Year Ago  1914.6  144.9  123.2  475.5  22.8  3820.0   91.2  529.1  8450.2

*Totals include data from other crops not shown including rye, soybeans,

canaryseed, mustard seed, beans, lentils and chickpeas.

Source: Commodity News Service Canada (news@marketsfarm.com, or 204-414-9084)

 

Midwest Weather Forecast:   Some rain and snow through the weekend.  Temperatures should average near to above normal in the south and east and near to below normal in the north and west.

 

 

US Gulf Cash Basis

Corn

HRW

SRW

Soybeans

Soybean Meal

Soybean Oil

January

+49 Mar

+165 Mar

+110 Mar

+50 Mar

+12 Mar

N/A

February

+54 Mar

+112 Mar

+48 Mar

March

+56 Mar

+112 Mar

+50 Mar

All basis levels are positive unless noted as negative

 

 

 

 

 

 

 

 

DJ ICE Canada Cash Grain Close – Jan 9

WINNIPEG — The following are the closing cash

canola prices from ICE Futures.

Source: ICE Futures

Price     Basis     Contract     Change

CANOLA

*Par Region          446.70    -34.00    Mar 2020     up 2.00

Basis: Thunder Bay   490.20      7.00    Mar 2020     up 2.50

Basis: Vancouver     503.20     20.00    Mar 2020     up 2.50

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 – January 10

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

Jan           792.50     -02.50      Unquoted   –        –

Feb           792.50     -02.50      Unquoted   –        –

Mar           792.50       0.00      Unquoted   –        –

Apr/May/Jun   765.00     -02.50      Unquoted   –        –

RBD palm olein, FOB, Malaysian ports

Offer      Change      Bid        Change   Traded

Jan           795.00     -02.50      Unquoted   –        –

Feb           795.00     -02.50      Unquoted   –        –

Mar           795.00       0.00      Unquoted   –        –

Apr/May/Jun   767.50     -02.50      Unquoted   –        –

RBD palm stearin, FOB, Malaysian ports

Offer      Change      Bid        Change   Traded

Jan           782.50     +02.50      Unquoted   –        –

Palm Fatty Acid Distillate, FOB Malaysian ports

Offer      Change      Bid        Change   Traded

Jan           692.50     +07.50      Unquoted   –        –

Crude palm oil, Delivered Basis, South Malaysia

Offer      Change      Bid        Change   Traded

Jan           3,140.00   +10.00      Unquoted   –        –

Palm kernel oil, Delivered Basis, South Malaysia

Offer      Change      Bid        Change   Traded

Jan           253.00       0.00      Unquoted   –        –

($1=MYR4.0775)

 

DJ China Dalian Grain Futures Closing Prices, Volume – Jan 10

Soybean No. 1

Turnover: 219,997 lots, or 8.97 billion yuan

Open    High    Low  Close   Prev.  Settle  Ch.      Vol      Open

Settle                        Interest

Jan-20  3,400  3,400  3,360  3,360   3,399   3,397   -2      173       255

Mar-20  3,429  3,489  3,408  3,436   3,454   3,456    2      261     1,269

May-20  4,029  4,129  4,024  4,092   4,000   4,079   79  209,291   111,979

Jul-20  4,049  4,100  4,049  4,100   4,019   4,093   74       15        29

Sep-20  4,009  4,095  3,997  4,032   3,984   4,047   63   10,087    13,977

Nov-20  3,825  3,886  3,819  3,876   3,827   3,858   31      170       217

Corn

Turnover: 420,868 lots, or 8.06 billion yuan

Open    High    Low  Close   Prev.  Settle  Ch.      Vol      Open

Settle                        Interest

Jan-20  –          –      –  1,811   1,811   1,811    0        0       120

Mar-20  1,878  1,878  1,865  1,870   1,872   1,870   -2   30,325   282,881

May-20  1,916  1,920  1,906  1,911   1,918   1,912   -6  339,786   729,045

Jul-20  1,946  1,948  1,937  1,939   1,945   1,941   -4    1,023     6,049

Sep-20  1,975  1,975  1,965  1,968   1,975   1,969   -6   49,304   185,433

Nov-20  1,987  1,987  1,980  1,981   1,987   1,983   -4      430     1,681

Soymeal

Turnover: 1,799,441 lots, or 48.72 billion yuan

Open    High    Low  Close   Prev.  Settle  Ch.        Vol       Open

Settle                           Interest

Jan-20  2,618  2,633  2,590  2,591   2,619   2,607  -12        228      2,071

Mar-20  2,638  2,646  2,586  2,588   2,638   2,615  -23     89,815    269,188

May-20  2,719  2,723  2,666  2,666   2,717   2,692  -25  1,353,066  1,737,115

Jul-20  2,750  2,757  2,701  2,701   2,750   2,740  -10        614      5,345

Aug-20  2,803  2,803  2,763  2,763   2,803   2,776  -27         29         96

Sep-20  2,815  2,819  2,762  2,763   2,811   2,787  -24    355,540  1,091,387

Nov-20  2,838  2,839  2,791  2,791   2,833   2,815  -18         83        819

Dec-20  2,867  2,867  2,827  2,829   2,860   2,844  -16         66        187

Palm Oil

Turnover: 2,365,162 lots, or 15.12 billion yuan

Open    High    Low  Close   Prev.  Settle  Ch.        Vol      Open

Settle                          Interest

Jan-20  –          –      –  6,518   6,426   6,518   92          0     4,601

Feb-20  6,642  6,718  6,632  6,718   6,644   6,690   46          9       260

Mar-20  6,636  6,678  6,572  6,676   6,566   6,618   52        122       499

Apr-20  –          –      –  6,522   6,468   6,522   54          0        13

May-20  6,394  6,476  6,336  6,470   6,334   6,404   70  2,288,248   845,921

Jun-20  6,284  6,300  6,226  6,298   6,144   6,284  140          8        18

Jul-20  –          –      –  6,162   6,162   6,162    0          0       305

Aug-20  6,074  6,074  6,074  6,074   6,074   6,074    0          2         9

Sep-20  6,060  6,118  5,998  6,104   6,010   6,054   44     76,719    78,119

Oct-20  –          –      –  6,018   6,018   6,018    0          0         4

Nov-20  –          –      –  5,980   5,980   5,980    0          0         9

Dec-20  5,926  6,040  5,926  6,040   5,986   6,034   48         54        39

Soybean Oil

Turnover: 658,267 lots, or 45.34 billion yuan

Open    High    Low  Close   Prev.  Settle  Ch.      Vol      Open

Settle                        Interest

Jan-20  7,000  7,000  7,000  7,000   6,864   7,000  136        1         1

Mar-20  6,832  6,898  6,832  6,862   6,878   6,856  -22        6       415

May-20  6,924  6,950  6,856  6,938   6,892   6,902   10  598,893   684,654

Jul-20  –          –      –  6,888   6,880   6,888    8        0       416

Aug-20  –          –      –  6,814   6,806   6,814    8        0         1

Sep-20  6,768  6,782  6,704  6,770   6,728   6,732    4   59,367   148,773

Nov-20  –          –      –  6,668   6,666   6,668    2        0       212

Dec-20  –          –      –  6,790   6,786   6,790    4        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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