MORNING GRAINS COMMENTS

MORNING GRAINS COMMENTS

 

Jack Scoville

 

Monday, February 24, 2020

 

 

 

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 Summary for February USDA Monthly Cattle on Feed Data

Data from the U.S. Department of Agriculture’s monthly cattle-on-feed report, released at  3:00 p.m. ET Friday, and analysts’ estimates as compiled by the Wall Street Journal. In million head.

Numbers          USDA’s       Average        Range

2020     2019     estimated    of analysts’  of analysts’

% of prev yr   estimates     estimates

On-feed Feb      11.928M   11.676M      102         102.3      101.8- 103.0

Placed in Jan     1.955M    1.967M      99         101.5       97.8- 103.5

Marketed in Jan   1.931M    1.910M      101         101.0       97.6- 101.6

Note: USDA rounds its estimates to the nearest whole number.

 

WHEAT:  

General Comments:  Wheat markets were a little higher but closed near the weekly lows.  The export sales report on Friday was disappointing.  The move lower comes amid weaker world prices for Wheat.  Russia has been lowering its prices in an effort to stimulate sales.  East and West Europe have weaker prices as well.  The good news is that sales of US Wheat continue to move along at a good pace, at least until last week.  There is a space for US Wheat in the world market even with all of the competition from Russia and also Europe.  The competition for sales is strong as seen in the Russian and European pricing and this is what has hurt the futures prices recently.  The super strong US Dollar just adds to the difficulty US producers and exporters have with sales of US Wheat into the world market.

Overnight News:  The southern Great Plains should get mostly dry conditions.  Temperatures should average near to below normal.  Northern areas should see mostly dry conditions except for some light snow tomorrow.  Temperatures will average near to below normal.  The Canadian Prairies should see mostly dry conditions, but some snow in the ar south today.  Temperatures should average near to below normal today, then above normal by the end of the week.

Chart Analysis:  Trends in Chicago are mixed to up with objectives of 574 March.  Support is at 555, 553, and 549 March, with resistance at 567, 571, and 576 March.  Trends in Kansas City are mixed to up with objectives of 488 and 506 March.  Support is at 471, 463, and 459 March, with resistance at 487, 490, and 496 March.  Trends in Minneapolis are mixed to up with objectives of 545 and 560 March.  Support is at 529, 525, and 520 March, and resistance is at 538, 541, and 543 March.

 

COT — Supplemental Report – Option and Futures Combined Positions as of February 18, 2020              

:                                    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   647,497

: Positions                                                                               :

:  122,557    90,462   245,596    70,247   188,730   172,398    63,672   610,799   588,461:   36,698    59,036

: Changes from: February 11, 2020          (Change in open interest:      13,248)         :

:    8,607    -9,704     4,943    -4,090    11,025     2,556     6,183    12,015    12,446:    1,233       802

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

:     18.9      14.0      37.9      10.8      29.1      26.6       9.8      94.3      90.9:      5.7       9.1

: Total Traders:   420          Number of Traders in Each Category                        :

:      110       119       139        70       121        54        23       320       327:

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

 

COT — Supplemental Report – Option and Futures Combined Positions as of February 18, 2020              

:                                    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   313,424

: Positions                                                                               :

:   51,832    57,852    85,843    61,788   126,149    86,091    20,791   285,554   290,636:   27,869    22,788

: Changes from: February 11, 2020          (Change in open interest:      -4,586)         :

:    2,650      -561    -2,819    -3,072    -1,555      -565      -335    -3,806    -5,270:     -780       684

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

:     16.5      18.5      27.4      19.7      40.2      27.5       6.6      91.1      92.7:      8.9       7.3

: Total Traders:   283          Number of Traders in Each Category                        :

:       69        58        86        86        86        36        18       244       205:

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

 

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of February 18, 2020

:                                             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    74,770                :

: Positions                                                                                                    :

:   38,584    36,819     2,294         0         8     4,751    16,642     3,814     6,440     1,355     4,558 :

: Changes from:     February 11, 2020                                                                          :

:      149    -3,581       112         0         2       651     5,688        67       -25        60       506 :

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

:     51.6      49.2       3.1       0.0       0.0       6.4      22.3       5.1       8.6       1.8       6.1 :

: Number of Traders in Each Category                                  Total Traders:    96                     :

:       46        36         .         0         .         9        12         6         9         7        12 :

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

 

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of February 18, 2020

:                                             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    24,603                :

: Positions                                                                                                    :

:    7,520    21,483     4,225       181     1,696     8,272         0       264     1,520       100       600 :

: Changes from:     February 11, 2020                                                                          :

:      343     1,162         0      -376       242       346         0        -4        79       100      -115 :

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

:     30.6      87.3      17.2       0.7       6.9      33.6       0.0       1.1       6.2       0.4       2.4 :

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

:       11        20         .         .         .         5         0         .         .         .         . :

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

 

RICE

General Comments:   Rice was a little higher in narrow range trading.  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 further rally attempts.  Demand for US Rice remains generally positive and 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 for now but will need to step into the market to buy again soon.

Overnight News:  The Delta should get showers and rains through early this week.  Temperatures should be near to above normal today, then near to below normal.

Chart Analysis:  Trends are mixed to down with objectives of 1299 March.  Support is at 1324, 1316, and 1308 March, with resistance at 1352, 1357, and 1374 March.

 

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of February 18, 2020

:                                             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    14,764                :

: Positions                                                                                                    :

:    4,926     9,213        92         0         0     5,373       928         0       606     1,176     1,259 :

: Changes from:     February 11, 2020                                                                          :

:       67      -418         0         0         0      -423      -133         0       -84      -102       -24 :

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

:     33.4      62.4       0.6       0.0       0.0      36.4       6.3       0.0       4.1       8.0       8.5 :

: Number of Traders in Each Category                                  Total Traders:    65                     :

:       17        17         .         0         0        20         .         0         9         6        13 :

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

 

CORN AND OATS                   

General Comments:  Corn moved a little lower last week.  Oats were sharply unchanged.  Neither market has much going on for it right now.  Export demand has been disappointing, but it was solid last week, and ethanol and other industrial demand has started to improve but faces an uncertain road ahead.  Export demand remains an open question despite the big sales in the last few weeks and the trade deals consummated in the last couple of weeks with Canada, Mexico, and China.  Much of the improved ethanol demand will be seen if and when China starts to buy.  Feed demand is improved.

Overnight News: 

Chart Analysis:  Trends in Corn are mixed.  Support is at 376, 375, and 371 March, and resistance is at 383, 385, and 388 March.  Trends in Oats are mixed to down with objectives of 286, 284, and 281 March.  Support is at 293, 288, and 283 March, and resistance is at 301, 305, and 307 March.

 

COT — Supplemental Report – Option and Futures Combined Positions as of February 18, 2020              

:                                    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 1,901,283

: Positions                                                                               :

:  150,163   264,215   480,430   514,412   763,465   457,834   178,895 1,602,840 1,687,005:  298,444   214,278

: Changes from: February 11, 2020          (Change in open interest:      32,727)         :

:   14,906    11,771      -643     2,421     3,062    14,895    17,456    31,579    31,646:    1,148     1,082

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

:      7.9      13.9      25.3      27.1      40.2      24.1       9.4      84.3      88.7:     15.7      11.3

: Total Traders:   786          Number of Traders in Each Category                        :

:      142       143       197       354       346        53        31       662       622:

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

 

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of February 18, 2020

:                                             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     6,010                :

: Positions                                                                                                    :

:    1,760     4,837       112         0         0     1,099         0         0     1,377         4       151 :

: Changes from:     February 11, 2020                                                                          :

:      203       166        -1         0         0      -202       -61         0        -6         3        20 :

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

:     29.3      80.5       1.9       0.0       0.0      18.3       0.0       0.0      22.9       0.1       2.5 :

: Number of Traders in Each Category                                  Total Traders:    28                     :

:       10        15         .         0         0         5         0         0         4         .         . :

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

 

SOYBEANS AND PRODUCTS

General Comments:  Soybeans and Soybean Meal both closed a little lower.  It seems like everyone is waiting for the trade deal with China to kick in and for them to buy in quantity.  The news that the Phase One deal that covered agricultural goods was scheduled to get started last week but nothing happened.  China has not yet asked for a modification of the terms due to the Coronavirus outbreak currently decimating the south central area of the country.  There are hopes that China will start to buy in earnest from the US starting very soon.  A lot will depend on the price of US Soybeans and those from Brazil and Argentina.  Lower prices there will hurt overall demand here, and lower prices are very possible in Brazil.  Brazil is harvesting now and yield reports from the field indicate that a bumper crop is coming.  Argentina has been dry but is now getting some very timely rains.  A super strong US Dollar has hurt US export chances in all products.

Overnight News:  Mexico bought 163,290 tons of US Soybeans.

Chart Analysis:  Trends in Soybeans are mixed to down with objectives of 873, 861, and 854 March.  Support is at 885, 878, and 876 March, and resistance is at 898, 900, and 902 March.  Trends in Soybean Meal are mixed to down with objectives of 285.00, 283.00, and 276.00 March   Support is at 286.00, 283.00, and 280.00 March, and resistance is at 291.00, 294.00, and 295.00 March.  Trends in Soybean Oil are mixed to down with objectives of 2910 and 2870 March.  Support is at 3000, 2980, and 2930 March, with resistance at 3100, 3170, and 3190 March.

 

COT — Supplemental Report – Option and Futures Combined Positions as of February 18, 2020               

:                                    Reportable Positions                                 :    Nonreportable

:—————————————————————————————- :      Positions

:         Non-Commercial      :      Commercial   :     Index Traders :        Total

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

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

SOYBEANS – CHICAGO BOARD OF TRADE

CFTC Code #005602                                                              Open Interest is 1,026,078

: Positions                                                                               :

:   65,722   163,298   292,140   369,497   426,166   219,927    73,223   947,286   954,827:   78,792    71,251

: Changes from: February 11, 2020          (Change in open interest:     -22,695)         :

:     -714    -4,327   -20,547    -6,129    10,774     4,618    -4,392   -22,772   -18,491:       77    -4,204

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

:      6.4      15.9      28.5      36.0      41.5      21.4       7.1      92.3      93.1:      7.7       6.9

: Total Traders:   599          Number of Traders in Each Category                        :

:      164       123       201       200       198        53        28       510       473:

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

 

COT — Supplemental Report – Option and Futures Combined Positions as of February 18, 2020              

:                                    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   561,772

: Positions                                                                               :

:   62,859    45,148   157,359   166,803   293,957   138,259    34,736   525,279   531,200:   36,493    30,572

: Changes from: February 11, 2020          (Change in open interest:       3,391)         :

:   -5,489     6,205    10,219     8,108    -8,394    -7,461    -5,778     5,377     2,251:   -1,986     1,140

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

:     11.2       8.0      28.0      29.7      52.3      24.6       6.2      93.5      94.6:      6.5       5.4

: Total Traders:   335          Number of Traders in Each Category                        :

:       95        60       112        94        87        43        23       287       246:

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

 

COT — Supplemental Report – Option and Futures Combined Positions as of February 18, 2020              

:                                    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   538,260

: Positions                                                                               :

:   47,252   116,642   119,079   191,557   228,940   128,496    39,684   486,384   504,345:   51,876    33,915

: Changes from: February 11, 2020          (Change in open interest:       2,907)         :

:      832     5,121     2,109      -635    -1,625     1,668    -2,748     3,975     2,857:   -1,068        50

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

:      8.8      21.7      22.1      35.6      42.5      23.9       7.4      90.4      93.7:      9.6       6.3

: Total Traders:   346          Number of Traders in Each Category                        :

:       70        92        98       111        96        38        20       282       259:

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

 

CANOLA AND PALM OIL        

General Comments:  Canola was mostly lower in range trading.  Nearby months were unchanged to higher.  The strong action of the US Dollar was a little supportive.  Palm Oil was sharply lower on ideas of weaker demand brought on by the spread of the Carona Virus.  Demand from India has been hardest hit due to a political problem between the two countries.  Production is lower so the demand loss will not be felt as much.  Palm Oil is really in a liquidation mode right now.

Overnight News:

Chart Analysis:  Trends in Canola are mixed.  Support is at 457.00, 448.00, and 445.00 March, with resistance at 461.00, 465.00, and 466.00 March.  Trends in Palm Oil are mixed to down with no objectives.  Support is at 2550, 2530, and 2520 May, with resistance at 2620, 2670, and 2760 May.

 

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of February 18, 2020

:                                             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   193,657                :

: Positions                                                                                                    :

:  157,919    88,684     5,682     1,296       711       792    70,439     4,545     7,612    10,929    15,197 :

: Changes from:     February 11, 2020                                                                          :

:   -5,478    -7,424        64       141        -8      -270     3,042      -711      -115    -1,783      -126 :

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

:     81.5      45.8       2.9       0.7       0.4       0.4      36.4       2.3       3.9       5.6       7.8 :

: Number of Traders in Each Category                                  Total Traders:   219                     :

:       39        53         6         .         .         4        59         9        31        47        22 :

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

 

Midwest Weather Forecast:   Rains today and snow tomorrow, then mostly dry weather.  Temperatures should average near to below normal after a warm day today.

 

 

US Gulf Cash Basis

Corn

HRW

SRW

Soybeans

Soybean Meal

Soybean Oil

February

+50 Mar

+155 Mar

+100 Mar

+57 Mar

+12 Mar

N/A

March

+53 Mar

+105 Mar

+59 Mar

April

+55 May

+105 May

+50 May

 

 

 

 

 

DJ ICE Canada Cash Grain Close – Feb 21

WINNIPEG — The following are the closing cash

canola prices from ICE Futures.

Source: ICE Futures

Price     Basis     Contract     Change

CANOLA

*Par Region          425.76    -33.54    Mar 2020     up 0.10

Basis: Thunder Bay   474.40      7.00    May 2020     dn 0.60

Basis: Vancouver     485.40     18.00    May 2020     dn 0.60

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 – February 24

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

Mar           655.00     -12.50      Unquoted   –        –

Apr           650.00     -15.00      Unquoted   –        –

May/Jun       630.00     -12.50      Unquoted   –        –

Jul/Aug/Sep   622.50     -12.50      Unquoted   –        –

Oct/Nov/Dec   617.50     -10.00      Unquoted   –        –

RBD palm olein, FOB, Malaysian ports

Offer      Change      Bid        Change   Traded

Mar           657.50     -12.50      Unquoted   –        –

Apr           652.50     -15.00      Unquoted   –        –

May/Jun       632.50     -12.50      Unquoted   –        –

Jul/Aug/Sep   625.00     -12.50      Unquoted   –        –

Oct/Aug/Sep   620.00     -10.00      Unquoted   –        –

RBD palm stearin, FOB, Malaysian ports

Offer      Change      Bid        Change   Traded

Mar           660.00     -22.50      Unquoted   –        –

Palm Fatty Acid Distillate, FOB Malaysian ports

Offer      Change      Bid        Change   Traded

Mar           645.00     -10.00      Unquoted   –        –

Crude palm oil, Delivered Basis, South Malaysia

Offer      Change      Bid        Change   T raded

Mar           2,670.00   -30.00      Unquoted   –        –

Palm kernel oil, Delivered Basis, South Malaysia

Offer      Change      Bid        Change   Traded

Mar           193.00     -02.00      Unquoted   –        –

($1=MYR4.2230)

 

DJ China Dalian Grain Futures Closing Prices, Volume – Feb 24

Soybean No. 1

Turnover: 89,007 lots, or 3.67 billion yuan

Open    High    Low  Close   Prev.  Settle  Ch.     Vol      Open

Settle                       Interest

Mar-20  3,542  3,591  3,542  3,580   3,563   3,585   22     106       893

May-20  4,137  4,150  4,106  4,119   4,110   4,125   15  80,738   120,293

Jul-20  4,140  4,153  4,118  4,118   4,123   4,130    7       6        53

Sep-20  4,060  4,090  4,060  4,074   4,059   4,073   14   7,981    21,876

Nov-20  3,978  3,980  3,978  3,980   3,984   3,979   -5       3       262

Jan-21  4,000  4,010  3,977  3,997   3,981   3,993   12     173     1,293

Corn

Turnover: 284,531 lots, or 5.48 billion yuan

Open    High    Low  Close   Prev.  Settle  Ch.      Vol      Open

Settle                        Interest

Mar-20  1,883  1,887  1,874  1,875   1,874   1,876    2    1,341     9,739

May-20  1,912  1,917  1,910  1,913   1,908   1,913    5  210,775   593,677

Jul-20  1,937  1,943  1,936  1,939   1,935   1,939    4   11,557    55,965

Sep-20  1,960  1,967  1,959  1,961   1,958   1,962    4   57,816   304,421

Nov-20  1,978  1,982  1,976  1,976   1,978   1,979    1      916     4,490

Jan-21  1,991  1,997  1,991  1,992   1,990   1,993    3    2,126     8,239

Soymeal

Turnover: 970,726 lots, or 25.86 billion yuan

Open    High    Low  Close   Prev.  Settle  Ch.      Vol       Open

Settle                         Interest

Mar-20  2,630  2,630  2,574  2,574   2,643   2,611  -32    1,339      6,073

May-20  2,650  2,654  2,616  2,619   2,668   2,632  -36  595,165  1,322,428

Jul-20  2,692  2,692  2,652  2,653   2,698   2,664  -34   74,768     85,527

Aug-20  2,727  2,729  2,692  2,694   2,735   2,703  -32    1,195      2,830

Sep-20  2,738  2,740  2,709  2,710   2,753   2,723  -30  281,553  1,264,270

Nov-20  2,769  2,769  2,734  2,735   2,778   2,747  -31    7,870      2,154

Dec-20  2,787  2,787  2,765  2,765   2,803   2,776  -27       27        322

Jan-21  2,792  2,793  2,768  2,770   2,806   2,780  -26    8,809     29,360

Palm Oil

Turnover: 1,190,716 lots, or 64.79 billion yuan

Open    High    Low  Close   Prev.  Settle  Ch.        Vol      Open

Settle                          Interest

Mar-20  5,484  5,512  5,420  5,438   5,498   5,464  -34         16        75

Apr-20  5,688  5,728  5,650  5,662   5,692   5,706   14         16        10

May-20  5,500  5,504  5,390  5,404   5,514   5,442  -72  1,060,370   382,228

Jun-20  –          –      –  5,476   5,476   5,476    0          0         5

Jul-20  5,424  5,424  5,330  5,330   5,416   5,376  -40          2       303

Aug-20  –          –      –  5,466   5,492   5,466  -26          0         3

Sep-20  5,466  5,470  5,378  5,402   5,466   5,426  -40    128,887   114,935

Oct-20  5,432  5,466  5,432  5,466   5,426   5,448   22          2         6

Nov-20  –          –      –  5,586   5,564   5,586   22          0         5

Dec-20  5,558  5,558  5,558  5,558   5,528   5,558   30          2       161

Jan-21  5,436  5,436  5,346  5,362   5,406   5,380  -26      1,421     5,522

Feb-21  –          –      –  5,412   5,412   5,412    0          0         0

Soybean Oil

Turnover: 522,602 lots, or 30.99 billion yuan

Open    High    Low  Close   Prev.  Settle  Ch.      Vol      Open

Settle                        Interest

Mar-20  5,850  5,850  5,850  5,850   5,798   5,850   52        5         4

May-20  5,942  5,958  5,858  5,896   5,946   5,906  -40  435,872   367,679

Jul-20  5,990  5,994  5,942  5,978   6,008   5,978  -30        5       423

Aug-20  –          –      –  6,078   6,078   6,078    0        0         4

Sep-20  6,074  6,084  5,986  6,030   6,066   6,038  -28   84,160   194,689

Nov-20  6,084  6,084  6,084  6,084   6,104   6,084  -20        2       213

Dec-20  6,180  6,180  6,146  6,170   6,212   6,170  -42        9         8

Jan-21  6,200  6,206  6,116  6,148   6,196   6,156  -40    2,549    12,572

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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