Morning Grains. 07/17/17
Jack Scoville of The PRICE Futures Group - InsideFutures.com - Mon Jul 17, 10:10AM CDT

DJ CBOT Delivery Intentions: Totals – Jul 17
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL July Jul. 18, 2017 25 Jul 14, 2017
SOYBEAN OIL July Jul. 18, 2017 94 Jul 14, 2017
ROUGH RICE July Jul. 18, 2017 9 Jul 12, 2017
CORN July Jul. 18, 2017 147 Jul 14, 2017
KC HRW WHEAT July Jul. 18, 2017 65 Jul 14, 2017
OATS July Jul. 18, 2017 33 Jul 03, 2017
SOYBEAN July Jul. 18, 2017 40 Jul 14, 2017

WHEAT
General Comments: US markets were mixed to lower in Chicago Winter Wheat markets, but higher in Minneapolis as forecasts for very hot weather continued for the Dakotas and Montana. The forecasts are more mixed for the Midwest as the Soft Red Winter harvest ramps up and the Hard Red Winter harvest starts to wind down. USDA might adjust the Spring Wheat production lower in coming reports as the extreme weather continues. Analysts are starting to lower production expectations for the Canadian Prairies as it remains hot and dry in western sections and wet in eastern areas. Spring Wheat crops continue to deteriorate in both countries. There are production problems in other parts of the world. Australia has suffered from hot and dry weather as the crop moves to maturity and production forecasts are now at or below 20 million tons, down from initial expectations closer to 24 million tons. Some variable yields have been reported in Ukraine and Russia as well. Conditions seem better now in Europe, but extreme weather earlier in the growing season appears to have hurt yield potential there. World production expectations can continue to decline.
Overnight News: The southern Great Plains should get dry weather. Temperatures should be above normal. Northern areas should get mostly dry weather, but a few showers are possible about midweek. Temperatures should be above normal. The Canadian Prairies should see mostly dry weather. Temperatures will average above normal.
Chart Analysis: Trends in Chicago are down with objectives of 497, 454 September. Support is at 502, 490, and 480 September, with resistance at 526, 530, and 537 September. Trends in Kansas City are down with objectives of 508, 498, 468 September. Support is at 510, 503, and 499 September, with resistance at 535, 537, and 548 September. Trends in Minneapolis are mixed to down with objectives of 667 and 534 September. Support is at 746, 738, and 728 September, and resistance is at 780, 801, and 825 September.

COT — Supplemental Report – Option and Futures Combined Positions as of July 11, 2017
: 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 590,898
: Positions :
: 107,323 123,045 195,070 73,795 195,159 170,050 30,423 546,238 543,697: 44,660 47,201
: Changes from: July 3, 2017 (Change in open interest: 43,636) :
: 6,070 -16,766 24,428 2,206 37,745 8,186 4,708 40,891 50,116: 2,745 -6,480
: Percent of Open Interest Represented by Each Category of Trader :
: 18.2 20.8 33.0 12.5 33.0 28.8 5.1 92.4 92.0: 7.6 8.0
: Total Traders: 455 Number of Traders in Each Category :
: 128 151 176 93 121 29 16 364 361:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of July 11, 2017
: 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 292,316
: Positions :
: 97,016 21,605 54,273 54,303 183,693 61,689 7,440 267,281 267,011: 25,035 25,305
: Changes from: July 3, 2017 (Change in open interest: 10,039) :
: 9,215 -8,284 1,345 -741 17,694 254 -84 10,074 10,671: -34 -632
: Percent of Open Interest Represented by Each Category of Trader :
: 33.2 7.4 18.6 18.6 62.8 21.1 2.5 91.4 91.3: 8.6 8.7
: Total Traders: 267 Number of Traders in Each Category :
: 81 44 75 66 101 21 9 199 206:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of July 11, 2017
: 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 95,191 :
: Positions :
: 41,609 58,001 2,409 492 1,148 12,553 1,395 1,352 6,198 10,569 8,287 :
: Changes from: July 3, 2017 :
: 3,395 994 -230 15 -3 -2,060 799 227 1,537 1,081 295 :
: Percent of Open Interest Represented by Each Category of Trader :
: 43.7 60.9 2.5 0.5 1.2 13.2 1.5 1.4 6.5 11.1 8.7 :
: Number of Traders in Each Category Total Traders: 126 :
: 55 46 7 . 7 22 . 6 24 8 18 :
—————————————————————————————————————-

RICE
General Comments: Rice closed lower again on Friday and marginally lower for the week in slow trading. The USDA reports were disappointing but USDA will begin field surveys of the crops soon and the production data is very subject to change. The harvest is active in parts of Southwest Louisiana and should be starting very son in parts of Texas so more concrete data will be available soon. Futures remain supported overall by the prospect of much reduced production of Rice in the US this year. The US weather that remains very uneven. The southern and Delta growing areas should get somewhat better weather this week as forecasts call for warmer and drier weather, although some big rains are possible near the Gulf Coast. Crops in the north are in flood now.
Overnight News: The Delta should get mostly dry weather. Temperatures should average near to below normal.
Chart Analysis: Trends are mixed to down with objectives of 1155, 1144, and 1095 September. Support is at 1157, 1135, and 1128 September, with resistance at 1177, 1193, and 1210 September.

Disaggregated Commitments of Traders Options and Futures Combined Positions as of July 11, 2017
: 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 10,436 :
: Positions :
: 3,709 5,237 221 0 0 2,701 503 0 670 2,130 1,085 :
: Changes from: July 3, 2017 :
: -30 -133 4 0 0 31 -103 0 24 493 319 :
: Percent of Open Interest Represented by Each Category of Trader :
: 35.5 50.2 2.1 0.0 0.0 25.9 4.8 0.0 6.4 20.4 10.4 :
: Number of Traders in Each Category Total Traders: 70 :
: 19 12 . 0 0 12 . 0 12 17 16 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn was higher on Friday, but lower for the week. The weekly charts show that Corn closed in the middle of the trading range, but in a area that could imply further grains in prices are coming. The weather forecasts turned warmer and drier again to create some new fund buying. Longer range weather forecasts are variables and uncertain right now, but has tended to be warmer and drier for the next couple of weeks. There is more Corn to be moved before harvest of the next crop. The crop remains highly variable and in various stages of development. Pollination and maturation will be long and drawn out affairs. Crops are also suffering in the Great Plains, where it has been dry and very hot. Conditions are more variable in the east. Some crops have seen too much rain, while other areas appear to be in good condition. There is still no reason to expect top yields this year.
Overnight News:
Chart Analysis: Trends in Corn are mixed. Support is at 372, 369, and 366 September, and resistance is at 379, 382, and 385 September. Trends in Oats are mixed to up with objectives of 301 and 318 September. Support is at 282, 274, and 269 September, and resistance is at 294, 301, and 309 September.

COT — Supplemental Report – Option and Futures Combined Positions as of July 11, 2017
: 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 1,840,817
: Positions :
: 270,141 220,760 445,774 482,886 859,562 392,812 84,775 1,591,613 1,610,871: 249,204 229,946
: Changes from: July 3, 2017 (Change in open interest: 86,949) :
: 36,652 -96,048 48,848 2,941 148,112 8,903 -14,937 97,345 85,975: -10,395 974
: Percent of Open Interest Represented by Each Category of Trader :
: 14.7 12.0 24.2 26.2 46.7 21.3 4.6 86.5 87.5: 13.5 12.5
: Total Traders: 841 Number of Traders in Each Category :
: 207 170 247 327 356 30 19 702 676:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of July 11, 2017
: 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 7,805 :
: Positions :
: 354 5,281 262 0 0 1,510 0 0 1,265 274 1,360 :
: Changes from: July 3, 2017 :
: -11 -46 -3 0 0 -54 0 0 -28 221 169 :
: Percent of Open Interest Represented by Each Category of Trader :
: 4.5 67.7 3.4 0.0 0.0 19.3 0.0 0.0 16.2 3.5 17.4 :
: Number of Traders in Each Category Total Traders: 42 :
: 8 11 . 0 0 10 0 0 13 4 7 :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans and products were higher due to uncertain forecasts for the next ten to fourteen days. USDA increased export demand for the current crop year after not doing anything last month. Weather forecasts turned hotter and drier again for western areas, and traders will be watching forecasts as trading starts again this week for clues to market direction. Meanwhile, wet weather in eastern areas has hurt Soybeans potential. Plants are small and are not likely to yield well due to all of the rain. Yield potential in some areas has dropped to the point the disease and por growth potential have started some producers to think about abandoning the crop and claiming insurance. The most important time for Soybeans is August when the plants flower, but the weather needs to get significantly better in just about all parts of the Midwest if there is to be hope for close to trend line yields.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed to down with objectives of 882 August. Support is at 972, 964, and 952 August, and resistance is at 1003, 1008, and 1019 August. Trends in Soybean Meal are mixed to down with objectives of 286.00 August. Support is at 318.00, 315.00, and 313.00 August, and resistance is at 324.00, 326.00, and 331.00 August. Trends in Soybean Oil are mixed. Support is at 3260, 3240, and 3210 August, with resistance at 3350, 3390, and 3420 August.

COT — Supplemental Report – Option and Futures Combined Positions as of July 11, 2017
: 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 908,861
: Positions :
: 109,622 133,607 264,278 329,655 367,584 142,582 42,765 846,138 808,235: 62,722 100,626
: Changes from: July 3, 2017 (Change in open interest: 61,671) :
: 17,816 -62,386 41,153 -5,582 73,799 11,043 8,699 64,429 61,265: -2,759 406
: Percent of Open Interest Represented by Each Category of Trader :
: 12.1 14.7 29.1 36.3 40.4 15.7 4.7 93.1 88.9: 6.9 11.1
: Total Traders: 648 Number of Traders in Each Category :
: 163 186 233 176 231 29 17 493 558:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of July 11, 2017
: 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 432,122
: Positions :
: 80,777 55,755 95,735 110,275 242,734 105,748 9,090 392,535 403,314: 39,587 28,808
: Changes from: July 3, 2017 (Change in open interest: 27,815) :
: 5,247 -14,203 15,088 -861 28,914 10,930 1,322 30,404 31,122: -2,589 -3,306
: Percent of Open Interest Represented by Each Category of Trader :
: 18.7 12.9 22.2 25.5 56.2 24.5 2.1 90.8 93.3: 9.2 6.7
: Total Traders: 310 Number of Traders in Each Category :
: 80 74 113 75 81 22 12 250 239:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of July 11, 2017
: 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 400,066
: Positions :
: 57,017 71,232 79,874 129,155 200,112 89,938 16,087 355,985 367,305: 44,080 32,760
: Changes from: July 3, 2017 (Change in open interest: -4,807) :
: 8,054 -24,945 -1,379 -9,331 37,264 2,467 -5,341 -189 5,600: -4,618 -10,407
: Percent of Open Interest Represented by Each Category of Trader :
: 14.3 17.8 20.0 32.3 50.0 22.5 4.0 89.0 91.8: 11.0 8.2
: Total Traders: 273 Number of Traders in Each Category :
: 66 62 79 90 79 23 13 223 202:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Canola was higher on Friday on buying tied to Price action in Chicago and ideas of weaker production potential in Canada. Current forecasts call for hot and dry weather to continue in the western Prairies this week, although some rains have been seen in western areas this week. Ideas are that crop conditions are highly variable, with some areas too dry and some areas too wet and not many areas in between. Reports of tight supplies and limited offers in the cash market provided the best reasons to buy. Commercials are good buyers and farmers are not really selling. Palm Oil was a little lower despite positive demand data from the private sources. Traders talked once again about increasing production. However, MPOB showed that production has not been as strong as expected. Futures are showing that a short-term bottom might have been completed last week.
Overnight News: SGS said that Malaysian Palm Oil exports are now 6515,871 tons, from 523,505 tons last month.
Chart Analysis: Trends in Canola are mixed to down with no objectives. Support is at 500.00, 498.00, and 495.00 November, with resistance at 509.00, 514.00, and 517.00 November. Trends in Palm Oil are mixed to up with objectives of no objectives. Support is at 2520, 2440, and 2420 October, with resistance at 2580, 2610, and 2640 October.

DJ Canadian Oilseed Processors Association Weekly Crush – Jul 14
WINNIPEG–The Canadian Oilseed Processors Association reported the
Canadian oilseed crush for the week ended July 12, 2017 as follows:
Figures are in metric tons. R-denotes revision.
Cumulative
Week 2016/17 2015/16 2016/17 2015/16
Ended Canola Sybns
Jul 12 163,588 8,702,784 7,832,778 35,646 1,792,739 1,849,569
Jul 05 184,756 8,538,658 7,641,327 31,825 1,756,661 1,817,084
Jun 28 173,490 8,353,494 7,467,293 41,915 1,725,762 1,772,042
Jun 21 173,417 8,180,004 1,683,847 27,482 1,683,847 1,755,658
Jun 14 173,306 8,006,587 7,131,123 44,239 1,656,365 1,729,373
Crush Capacity Utilization
This week 2016/17 2015/16
Canola 76.5% 88.4% 83.3%
Soybeans 54.2% 59.2% 61.0%
Source: Commodity News Service Canada (cnscanada@shaw.ca, or 204-414-9084)

DJ Canadian Grain Handling Summary – Jul 14
Winnipeg–The following are Canadian grain handling summary statistics
for the week ended July 9, 2017. Figures in thousands of metric tons.
Source: Canadian Grain Commission.
Durum
Wheat Oats Barley Flax Canola Peas Corn Total*
COMMERCIAL STOCKS
This week 2886.3 706.4 147.2 274.0 76.2 742.8 117.4 149.4 5364.6
Week Ago 2896.9 736.2 151.4 287.5 75.7 827.3 127.2 140.1 5538.4
Year ago 2128.4 660.8 215.3 175.1 83.2 1253.1 63.7 266.0 5070.0
PRODUCER DELIVERIES
This Week 405.0 73.6 21.7 57.5 6.0 301.8 6.9 8.3 894.5
Week Ago 537.6 142.6 26.1 77.6 4.9 394.6 11.3 7.4 1225.7
To Date 17437.0 4865.7 1769.5 2619.0 372.1 18639.0 3875.1 396.5 53931.0
Year Ago 17796.4 4375.2 1713.5 2277.5 562.8 17188.7 2521.9 367.5 49982.2
TERMINAL RECEIPTS
This Week 428.3 72.3 0.3 25.7 0.0 165.7 1.6 35.9 753.0
Week Ago 315.0 113.9 0.0 24.4 3.3 166.9 16.0 15.7 671.8
To Date 16715.4 5502.0 162.5 1225.8 247.4 11350.5 3160.0 982.5 45337.2
Year Ago 16731.7 5385.9 254.3 824.6 344.5 10606.8 2165.2 1101.3 42537.4
EXPORTS
This Week 365.5 19.0 31.2 31.2 0.9 288.9 0.5 39.6 791.1
Week Ago 387.1 188.9 28.8 61.1 19.5 155.2 19.1 18.6 883.8
To Date 13692.4 4094.8 1106.8 1252.3 279.9 10422.5 3329.6 814.9 39640.6
Year Ago 15293.1 4083.2 929.4 920.7 350.2 9642.6 2335.1 884.0 38262.3
DOMESTIC DISAPPEARANCE
This Week 53.1 4.3 4.6 20.7 1.5 147.0 2.4 10.5 267.2
Week Ago 48.3 2.4 4.8 21.2 1.5 166.7 1.8 10.5 287.5
To Date 2767.7 293.0 244.9 1223.2 50.2 8504.4 164.1 499.1 15058.1
Year Ago 3147.7 381.3 367.5 1332.8 81.5 8315.5 173.2 443.2 15438.9
*Totals include data from other crops not shown including rye soybeans
canary seed mustard seed beans lentils and chickpeas.
Source: Commodity News Service Canada (cnscanada@shaw.ca, or 204-414-9084)

Midwest Weather Forecast: Mostly dry or isolated showers and storms in the west, frequent periods of precipitation in the north and east. Temperatures should average near to above normal in the east and above normal in the west.

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
June 17-Sep 150 Sep 38 Sep 35 Aug minus 2 Aug
July 22-Sep 42 Sep 40 Aug
August 24-Sep 50 Sep 31 Sep
All basis levels are positive unless noted as negative

Brazil Premiums Soybeans Soybean Meal Soybean Oil Corn
Paraguay Paraguay Paraguay Paraguay
July
August 65 Aug minus 42 Aug 24-Sep
September 75 Sep minus 33 Sep 22-Sep
All basis levels are positive unless noted as negative

DJ ICE Canada Cash Grain Close – Jul 14
WINNIPEG–The following are the closing cash grain prices from
ICE Futures Canada.
Values are based on the commodity being delivered at Thunder
Bay, Ontario, unless otherwise noted.
Source: ICE Futures Canada
Price Change
CANOLA
*Par Region 512.50 dn 11.50
Basis: Thunder Bay
1 Can 512.30 up 4.80
2 Can 499.30 up 4.80
Basis: Vancouver
1 Can 532.30 up 4.80
2 Can 519.30 up 4.80
FEED WHEAT
Lethbridge 215.00 unchanged
Can Feed 220.00 unchanged
WESTERN BARLEY
Lethbridge 210.00 unchanged
All prices in Canadian dollars per metric ton.
*Quote for previous day
Source: Commodity News Service Canada (cnscanada@shaw.ca, or
204-414-9084)

DJ Malaysian PM Cash Market Prices for Palm Oil – July 17
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
Jul 665.00 00.00 Unquoted – –
Aug 650.00 00.00 Unquoted – –
Sep 632.50 +02.50 Unquoted – –
Oct/Nov/Dec 617.50 +10.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Jul 670.00 00.00 Unquoted – –
Aug 655.00 00.00 Unquoted – –
Sep 637.50 +02.50 Unquoted – –
Oct/Nov/Dec 622.50 00.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Jul 617.50 -02.50 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Jul 617.50 -02.50 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jul 2,650 -20.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Jul 257.00 -02.00 Unquoted – –
($1=MYR 4.2870)

DJ China Dalian Grain Futures Closing Prices, Volume – Jul 17
Soybean No. 1
Turnover: 220,172 lots, or 8.42 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-17 3,830 3,844 3,789 3,811 3,834 3,820 -14 184,864 163,202
Nov-17 – – – 3,865 3,865 3,865 0 0 4
Jan-18 3,850 3,869 3,837 3,844 3,852 3,850 -2 34,900 72,634
Mar-18 – – – 3,881 3,883 3,881 -2 0 12
May-18 3,868 3,899 3,852 3,878 3,887 3,884 -3 332 1,644
Jul-18 3,951 3,951 3,853 3,853 3,867 3,902 35 56 4
Sep-18 3,911 3,919 3,908 3,908 3,919 3,913 -6 20 96
Nov-18 – – – 3,873 3,873 3,873 0 0 4
Jan-19 – – – 3,880 3,873 3,880 7 0 0
Corn
Turnover: 1,199,876 lots, or 20.20 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-17 1,667 1,691 1,655 1,689 1,664 1,674 10 909,056 1,294,576
Nov-17 1,687 1,700 1,684 1,700 1,689 1,695 6 264 1,360
Jan-18 1,706 1,721 1,700 1,717 1,707 1,710 3 281,810 808,966
Mar-18 1,717 1,731 1,717 1,731 1,720 1,726 6 10 1,270
May-18 1,758 1,770 1,755 1,768 1,758 1,761 3 8,734 52,772
Jul-18 1,775 1,775 1,775 1,775 1,758 1,775 17 2 2
Soymeal
Turnover: 1,350,206 lots, or 38.06 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Aug-17 2,888 2,888 2,821 2,860 2,848 2,861 13 22 442
Sep-17 2,812 2,832 2,802 2,810 2,813 2,814 1 905,190 1,513,754
Nov-17 2,827 2,835 2,814 2,817 2,813 2,821 8 32 248
Dec-17 2,817 2,817 2,813 2,813 2,803 2,816 13 14 588
Jan-18 2,837 2,844 2,820 2,826 2,835 2,830 -5 420,820 1,084,620
Mar-18 2,760 2,783 2,760 2,766 2,756 2,774 18 96 474
May-18 2,760 2,780 2,754 2,761 2,765 2,765 0 24,032 171,186
Jul-18 – – – 2,765 2,765 2,765 0 0 0
Palm Oil
Turnover: 500,476 lots, or 26.92 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Aug-17 – – – 5,438 5,438 5,438 0 0 0
Sep-17 5,420 5,482 5,410 5,426 5,398 5,438 40 326,958 349,196
Oct-17 – – – 5,368 5,368 5,368 0 0 4
Nov-17 – – – 5,292 5,292 5,292 0 0 30
Dec-17 – – – 5,314 5,314 5,314 0 0 2
Jan-18 5,244 5,292 5,234 5,250 5,218 5,258 40 169,840 486,502
Feb-18 – – – 5,332 5,292 5,332 40 0 10
Mar-18 – – – 5,280 5,240 5,280 40 0 4
Apr-18 – – – 5,456 5,456 5,456 0 0 14
May-18 5,382 5,418 5,370 5,376 5,358 5,394 36 3,672 31,452
Jun-18 5,492 5,492 5,492 5,492 5,544 5,492 -52 2 14
Jul-18 5,430 5,524 5,430 5,524 5,544 5,476 -68 4 2
Soybean Oil
Turnover: 421,746 lots, or 25.86 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Aug-17 – – – 6,050 6,050 6,050 0 0 54
Sep-17 6,070 6,116 6,060 6,078 6,054 6,086 32 284,336 585,662
Nov-17 – – – 6,200 6,200 6,200 0 0 14
Dec-17 – – – 6,128 6,096 6,128 32 0 4
Jan-18 6,220 6,252 6,200 6,216 6,200 6,222 22 132,794 452,290
Mar-18 6,226 6,226 6,226 6,226 6,230 6,226 -4 2 2
May-18 6,290 6,328 6,276 6,290 6,270 6,294 24 4,614 21,202
Jul-18 – – – 6,270 6,270 6,270 0 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.
Questions? Ask Jack Scoville today at 312-264-4322

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Past results are not necessarily indicative of future results. Investing in futures can involve substantial risk of loss & is not suitable for everyone. Trading foreign exchange also involves a high degree of risk. The leverage created by trading on margin can work against you as well as for you, and losses can exceed your entire investment. Before opening an account and trading, you should seek advice from your advisors as appropriate to ensure that you understand the risks and can withstand the losses.

The information and data in this report were obtained from sources considered reliable. Their accuracy or completeness is not guaranteed and the giving of the same is not to be deemed as an offer or solicitation on our part with respect to the sale or purchase of any securities or futures. The Price Futures Group, its officers, directors, employees, and brokers may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report. Any decision to purchase or sell as a result of the opinions expressed in this report will be the full responsibility of the person authorizing such transaction. Reproduction and/or distribution of any portion of this report are strictly prohibited without the written permission of the author. Trading in futures contracts, options on futures contracts, and forward contracts is not suitable for all investors and involves substantial risks. ©2017