rounded corner
rounded corner
top border

Morning Grains Report 11/14/17


Bookmark and Share

DJ CBOT Delivery Intentions: Totals – Nov 14
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
ROUGH RICE November Nov. 15, 2017 12 Nov 13, 2017
SOYBEAN November Nov. 15, 2017 150 Nov 13, 2017

DJ USDA Grain Inspections for Export in Metric Tons – Nov 13
COUNTRY OF DESTINATION IS REPORTED AS KNOWN AT THE TIME OF EXPORTATION.
INFORMATION CONTAINED IN THIS REPORT REFLECTS EXPORTED GRAIN INSPECTED AND
WEIGHED THROUGH GIPSA’S 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 NOV 09, 2017
— METRIC TONS —
————————————————————————-
CURRENT PREVIOUS
———– WEEK ENDING ———- MARKET YEAR MARKET YEAR
GRAIN 11/09/2017 11/02/2017 11/10/2016 TO DATE TO DATE
BARLEY 0 122 0 16,006 25,605
CORN 375,951 456,329 684,990 5,928,036 10,862,375
FLAXSEED 0 122 1,688 4,111 11,196
MIXED 0 0 0 0 0
OATS 699 0 200 4,592 6,499
RYE 0 0 0 0 0
SORGHUM 82,993 53,812 16,700 582,891 709,398
SOYBEANS 2,087,458 2,492,800 2,945,030 16,955,707 19,263,595
SUNFLOWER 0 0 0 0 0
WHEAT 301,039 285,143 279,166 11,728,349 12,435,055
Total 2,848,140 3,288,328 3,927,774 35,219,692 43,313,723
————————————————————————-
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.

Crop Progress
Date 5-Nov 29-Oct 2016 Avg
Cotton Harvested 64 54 60 64
Corn Harvested 83 70 92 91
Soybeans Harvested 93 90 96 95
Sorghum Harvested 83 72 89 87
Sugar beets Harvested 97 92 93 97
Peanuts Harvested 92 82 91 90
Winter Wheat Planted 95 91 94 95
Winter Wheat Emerged 84 75 83 83
Sunflowers Harvested 81 70 88 79

Crop Condition
Very Poor Fair Good Very Good
Winter Wheat This Week 3 8 35 46 8
Winter Wheat Last Week 3 8 34 45 10
Winter Wheat Last Year 2 7 32 49 10

WHEAT
General Comments: Wheat closed lower in all three markets on US Dollar strength and some selling seen by the funds in all agricultural markets. The market continues to be worried about Russia and its ability to control the Wheat offer and price. World estimates in general remain large and USDA is showing that plenty of competition will be out there for sales. Funds were sellers and the price action was disappointing to many who had felt that Wheat could mount a short covering rally in the short-term. The market really does not seem to have a fundamental reason to rally or move significantly lower due to the fundamentals. US planting weather in the Great Plains and Midwest should improve somewhat this week after a very cold few days last week. Crop conditions improved in the USDA reports last night on good progress. It will be another small US crop as farmers continue to reduce planted area year after year in response to low world and US prices, due mostly to strong competition mostly from Russia. Prices might not improve much for the coming year as Russia expects another big crop that could be big enough to offset lost production in places like the US and Canada and also Argentina and Australia.
Overnight News: The southern Great Plains should get mostly dry weather. Temperatures should be mostly above normal. Northern areas should get mostly dry weather. Temperatures should be near to above normal next week. The Canadian Prairies should see light Snow in the north early in the week and to the east later in the week. Temperatures should be near to above normal.
Chart Analysis: Trends in Chicago are mixed. Support is at 422, 419, and 414 December, with resistance at 434, 443, and 446 December. Trends in Kansas City are mixed. Support is at 423, 419, and 414 December, with resistance at 433, 439, and 441 December. Trends in Minneapolis are mixed to up with objectives of 666 and 688 December. Support is at 628, 624, and 617 December, and resistance is at 646, 653, and 658 December.

COT — Supplemental Report – Option and Futures Combined Positions as of November 07, 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 708,502
: Positions :
: 93,848 238,653 234,164 166,833 153,491 163,383 31,785 658,228 658,093: 50,274 50,409
: Changes from: October 31, 2017 (Change in open interest: 5,840) :
: -4,727 8,083 1,192 14,029 5,056 -1,676 -9,474 8,817 4,857: -2,977 983
: Percent of Open Interest Represented by Each Category of Trader :
: 13.2 33.7 33.1 23.5 21.7 23.1 4.5 92.9 92.9: 7.1 7.1
: Total Traders: 466 Number of Traders in Each Category :
: 126 154 167 109 108 26 15 363 367:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of November 07, 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 345,716
: Positions :
: 82,109 108,717 70,136 110,800 129,397 53,158 7,479 316,203 315,729: 29,513 29,988
: Changes from: October 31, 2017 (Change in open interest: 9,299) :
: 2,958 3,954 5,299 1,283 -338 -4,139 -3,243 5,402 5,672: 3,898 3,627
: Percent of Open Interest Represented by Each Category of Trader :
: 23.8 31.4 20.3 32.0 37.4 15.4 2.2 91.5 91.3: 8.5 8.7
: Total Traders: 283 Number of Traders in Each Category :
: 75 70 83 88 80 19 7 225 206:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 7, 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 87,618 :
: Positions :
: 40,438 50,845 3,731 1 2,807 6,084 1,771 4,636 7,794 7,578 6,409 :
: Changes from: October 31, 2017 :
: 110 2,136 98 0 -203 618 -366 339 817 -217 -4 :
: Percent of Open Interest Represented by Each Category of Trader :
: 46.2 58.0 4.3 0.0 3.2 6.9 2.0 5.3 8.9 8.6 7.3 :
: Number of Traders in Each Category Total Traders: 120 :
: 53 45 5 . 5 16 4 6 21 8 21 :
—————————————————————————————————————-

RICE
General Comments: Rice closed a little lower in quiet trading again yesterday. November found some trading as some tried to adjust positions before the contract goes off the Board today. Futures trading has been slow and the cash market has also been quiet, so futures are reflecting the cash market reality in the US at the moment in terms of volume. However, futures remain well below cash markets in much of the US right now. Cash markets in the southern Delta and into Texas are firm, while markets farther north have offered lower prices due to the futures weakness and are very quiet.
Overnight News: The Delta should get mostly dry weather. Temperatures should average near to above normal.
Chart Analysis: Trends are mixed. Support is at 1128, 1122, and 1116 January, with resistance at 1151, 1155, and 1166 January.

Disaggregated Commitments of Traders Options and Futures Combined Positions as of November 7, 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 11,176 :
: Positions :
: 7,074 5,995 162 0 0 615 1,258 0 540 1,604 971 :
: Changes from: October 31, 2017 :
: 440 -544 -47 0 0 -136 437 0 -86 368 341 :
: Percent of Open Interest Represented by Each Category of Trader :
: 63.3 53.6 1.4 0.0 0.0 5.5 11.3 0.0 4.8 14.4 8.7 :
: Number of Traders in Each Category Total Traders: 59 :
: 16 15 . 0 0 . 8 0 13 9 13 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn was lower on what was called speculative buying and Oats closed higher. Corn closed lower on some follow through selling, but found little additional selling interest from producers. Industry was a light volume buyer. Oats closed higher and near the top end of the trading range as that market keeps its uptrend together. The USDA reports showed good harvest progress that was in line with expectations. Overall harvest progress remains a little behind normal. The harvest could be delayed this week due to more rains and snows for parts of the Midwest. Farmers are not selling much Corn due to expanding harvest activity and on weak basis and futures price levels. Corn planting is reported to be active in Argentina and southern Brazil amid improved conditions as the rains have stopped for now and are not expected to return in the short-term.
Overnight News: Unknown destinations bought 133,096 tons of US Corn.
Chart Analysis: Trends in Corn are down with objectives of 341, 339, and 333 December. Support is at 340, 334, and 328 December, and resistance is at 348, 350, and 351 December. Trends in Oats are mixed to up with objectives of 277, 287, and 291 December. Support is at 271, 268, and 265 December, and resistance is at 277, 283, and 289 December.

COT — Supplemental Report – Option and Futures Combined Positions as of November 07, 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 2,009,799
: Positions :
: 229,349 466,348 528,688 607,373 704,377 392,498 72,684 1,757,907 1,772,098: 251,892 237,701
: Changes from: October 31, 2017 (Change in open interest: 39,708) :
: 3,672 7,154 37,046 7,310 8,876 -7,891 -10,220 40,136 42,856: -428 -3,148
: Percent of Open Interest Represented by Each Category of Trader :
: 11.4 23.2 26.3 30.2 35.0 19.5 3.6 87.5 88.2: 12.5 11.8
: Total Traders: 840 Number of Traders in Each Category :
: 195 190 246 345 333 28 15 695 682:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 7, 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 9,018 :
: Positions :
: 1,731 6,293 190 0 0 1,502 0 0 1,541 152 1,647 :
: Changes from: October 31, 2017 :
: -26 290 -3 0 0 88 0 0 279 -104 -192 :
: Percent of Open Interest Represented by Each Category of Trader :
: 19.2 69.8 2.1 0.0 0.0 16.7 0.0 0.0 17.1 1.7 18.3 :
: Number of Traders in Each Category Total Traders: 38 :
: 8 13 . 0 0 9 0 0 11 . 9 :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans and products were lower on fund selling. Soybeans futures broke some moving averages on the way down and these technical points created increased fund selling. The fundamental reason for Soybeans to work lower were fears of reduced Chinese demand and ideas of improved planting conditions in Brazil. China might be forced to reduce demand as the government is making it harder to get safety permits. Some GMO Soybeans have made it into the human food chain, and this news has caused the government to slow the process until it can identify the problems. Meanwhile, it is wetter in the north of Brazil and drier to the south and into Argentina and planting speed can be increased. The crop is close to 60% planted in Brazil right now. The overall planting pace remains a little behind normal due to the poor weather at the start of the planting season.
Overnight News:
Chart Analysis: Trends in Soybeans are down with objectives of 965 January. Support is at 970, 963, and 960 January, and resistance is at 990, 995, and 1000 January. Trends in Soybean Meal are mixed to down with objectives of 309.00 and 304.00 December. Support is at 310.00, 308.00, and 304.00 December, and resistance is at 315.00, 318.00, and 321.00 December. Trends in Soybean Oil are mixed. Support is at 3420, 3390, and 3370 December, with resistance at 3480, 3510, and 3540 December.

COT — Supplemental Report – Option and Futures Combined Positions as of November 07, 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 801,232
: Positions :
: 106,540 98,602 196,112 288,320 388,466 149,407 25,090 740,380 708,271: 60,852 92,961
: Changes from: October 31, 2017 (Change in open interest: 42,861) :
: 2,003 1,373 22,678 11,530 18,078 504 -1,050 36,714 41,080: 6,146 1,781
: Percent of Open Interest Represented by Each Category of Trader :
: 13.3 12.3 24.5 36.0 48.5 18.6 3.1 92.4 88.4: 7.6 11.6
: Total Traders: 606 Number of Traders in Each Category :
: 147 156 226 175 207 27 13 481 505:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of November 07, 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 502,405
: Positions :
: 94,398 51,115 136,293 118,998 270,731 117,070 15,947 466,759 474,086: 35,645 28,318
: Changes from: October 31, 2017 (Change in open interest: 20,544) :
: 4,488 2,098 10,020 2,009 4,180 3,326 2,607 19,842 18,905: 702 1,640
: Percent of Open Interest Represented by Each Category of Trader :
: 18.8 10.2 27.1 23.7 53.9 23.3 3.2 92.9 94.4: 7.1 5.6
: Total Traders: 318 Number of Traders in Each Category :
: 83 82 125 69 73 22 13 260 243:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of November 07, 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 425,540
: Positions :
: 51,210 47,464 82,624 138,948 238,341 107,464 21,990 380,246 390,419: 45,293 35,120
: Changes from: October 31, 2017 (Change in open interest: -702) :
: -212 -1,100 -849 -1,334 2,707 918 -2,042 -1,477 -1,284: 775 582
: Percent of Open Interest Represented by Each Category of Trader :
: 12.0 11.2 19.4 32.7 56.0 25.3 5.2 89.4 91.7: 10.6 8.3
: Total Traders: 264 Number of Traders in Each Category :
: 55 68 87 89 84 23 13 222 210:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Canola was closed yesterday for a holiday. Harvest progress should be winding down now and demand is called steady.. Farmers are storing crops now as the harvest comes to a close and as they wait for higher prices, but elevators and crusher appear to have good supplies right now. Palm Oil was lower and lefts a top on the charts on speculative selling tied to ideas of rising production and weaker demand. Weak demand ideas come even though India is talking about increasing imports due to weak oilseeds production there this year. Speculators also sold as Chicago worked lower. However, there is a lot of talk that supplies are more than adequate for demand. Charts show that the trends have turned down again
Overnight News:
Chart Analysis: Trends in Canola are mixed to down with objectives of 510.00 and 502.00 January. Support is at 513.00, 512.00, and 508.00 January, with resistance at 520.00, 523.00, and 529.00 January. Trends in Palm Oil are mixed to down with objectives of 2720 January. Support is at 2770, 2740, and 2710 January, with resistance at 2810, 2840, and 2860 January.

Midwest Weather Forecast: Drier today, but mixed precipitation possible tomorrow and again late this week. Temperatures will average below normal.

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
November 35 Dec 208 Dec 55 Dec 35 Jan 4-Dec
December 42 Dec 55 Mar 39 Jan
January 38 March 43 Mar 41 Jan
All basis levels are positive unless noted as negative

Brazil Premiums Soybeans Soybean Meal Soybean Oil Corn
Paraguay Paraguay Paraguay Paraguay
November
December minus 25 Dec 69 Dec
January minus 20 Jan 57 March
All basis levels are positive unless noted as negative

DJ ICE Canada Cash Grain Close – Nov 9
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 500.80 up 0.70
Basis: Thunder Bay
1 Can 525.50 dn 5.30
2 Can 512.50 dn 5.30
Basis: Vancouver
1 Can 535.50 dn 5.30
2 Can 522.50 dn 5.30
FEED WHEAT
Lethbridge 217.00 up 4.00
WESTERN BARLEY
Lethbridge 213.00 up 1.00
All prices in Canadian dollars per metric ton.
*Quote for previous day
Source: Commodity News Service Canada (cnscanada@shaw.ca, 204-414-9084)

DJ Malaysian PM Cash Market Prices for Palm Oil – November 13
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Monday, supplied by commodity broker Matthes & Porton Bhd.
Prices are quoted in U.S. dollars a metric ton, except for crude palm oil and palm kernel oil, which are in ringgit a ton. Palm kernel oil prices are in ringgit a pikul, a Malaysian measurement equivalent to 60 kilograms.
Refined, bleached and deodorized palm oil, FOB, Malaysian ports
Offer Change Bid Change Traded
Nov 682.50 -02.50 Unquoted – –
Dec 682.50 00.00 Unquoted – –
Jan/Feb/Mar 690.00 00.00 Unquoted – –
Apr/May/Jun 690.00 00.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Nov 687.50 -02.50 Unquoted – –
Dec 687.50 00.00 Unquoted – –
Jan/Feb/Mar 695.00 00.00 Unquoted – –
Apr/May/Jun 695.00 00.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Nov 707.50 00.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Nov 640.00 00.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Nov 2,760 -20.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Nov 342.00 00.00 Unquoted – –
($1=MYR4.1892)
.
DJ China Dalian Grain Futures Closing Prices, Volume – Nov 14
Soybean No. 1
Turnover: 157,112 lots, or 5.75 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-17 – – – 3,511 3,511 3,511 0 0 0
Jan-18 3,668 3,676 3,630 3,634 3,669 3,647 -22 142,026 312,700
Mar-18 – – – 3,673 3,673 3,673 0 0 30
May-18 3,784 3,792 3,757 3,762 3,786 3,770 -16 14,788 70,890
Jul-18 3,815 3,815 3,815 3,815 3,796 3,815 19 2 4
Sep-18 3,840 3,844 3,818 3,820 3,839 3,828 -11 276 1,370
Nov-18 – – – 3,854 3,854 3,854 0 0 4
Jan-19 3,891 3,892 3,883 3,886 3,898 3,887 -11 20 254
Mar-19 – – – 3,880 3,880 3,880 0 0 2
Corn
Turnover: 992,046 lots, or 16.89 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-17 – – – 1,650 1,650 1,650 0 0 0
Jan-18 1,685 1,704 1,683 1,693 1,685 1,692 7 794,978 843,330
Mar-18 1,709 1,717 1,706 1,710 1,702 1,710 8 60 1,532
May-18 1,739 1,753 1,736 1,746 1,737 1,744 7 187,372 368,136
Jul-18 1,758 1,765 1,755 1,761 1,756 1,759 3 20 482
Sep-18 1,755 1,767 1,750 1,760 1,751 1,757 6 9,616 56,692
Soymeal
Turnover: 1,133,350 lots, or 31.74 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-17 – – – 2,840 2,808 2,840 32 0 0
Dec-17 2,843 2,843 2,838 2,838 2,855 2,840 -15 4 1,570
Jan-18 2,828 2,841 2,812 2,820 2,815 2,823 8 763,284 1,420,908
Mar-18 2,826 2,833 2,799 2,817 2,818 2,824 6 34 248
May-18 2,753 2,767 2,740 2,750 2,753 2,752 -1 349,448 1,201,116
Jul-18 2,763 2,779 2,759 2,761 2,760 2,774 14 502 168
Aug-18 2,764 2,764 2,764 2,764 2,763 2,764 1 4 136
Sep-18 2,768 2,775 2,753 2,762 2,765 2,762 -3 20,074 112,262
Palm Oil
Turnover: 409,530 lots, or 22.91 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-17 – – – 5,798 5,798 5,798 0 0 0
Dec-17 – – – 5,706 5,706 5,706 0 0 0
Jan-18 5,604 5,608 5,528 5,546 5,624 5,556 -68 279,654 285,518
Feb-18 – – – 5,598 5,666 5,598 -68 0 2
Mar-18 – – – 5,676 5,676 5,676 0 0 2
Apr-18 – – – 5,726 5,796 5,726 -70 0 10
May-18 5,722 5,726 5,640 5,668 5,740 5,674 -66 126,180 241,568
Jun-18 – – – 5,732 5,780 5,732 -48 0 8
Jul-18 – – – 5,750 5,750 5,750 0 0 4
Aug-18 – – – 5,634 5,698 5,634 -64 0 2
Sep-18 5,638 5,640 5,572 5,596 5,654 5,598 -56 3,696 23,068
Oct-18 – – – 5,610 5,666 5,610 -56 0 0
Soybean Oil
Turnover: 304,622 lots, or 18.56 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-17 – – – 5,952 5,952 5,952 0 0 0
Dec-17 – – – 5,998 5,998 5,998 0 0 8
Jan-18 6,060 6,064 6,020 6,026 6,080 6,038 -42 216,028 626,330
Mar-18 6,080 6,080 6,080 6,080 6,168 6,080 -88 2 12
May-18 6,238 6,242 6,192 6,196 6,254 6,214 -40 84,462 294,578
Jul-18 – – – 6,306 6,306 6,306 0 0 2
Aug-18 – – – 6,320 6,360 6,320 -40 0 4
Sep-18 6,324 6,336 6,284 6,284 6,348 6,308 -40 4,130 12,690
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

View Morning Grains Archiveswww.pricegroup.com

A Subsidiary of Price Holdings, Inc. – an Employee Owned Diversified Financial Services Firm. Member NIBA, NFA

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



Recent articles from this author



About the author


Jack Scoville is a futures market analyst specializing in grains, softs, rice, oilseeds, and tropical products such as coffee and sugar.

He offers brokerage services to an international clientele of agricultural producers, processors, exporters, and other professional traders.

Jack writes daily comments of the many products he specializes in, in three languages, English, Spanish, and Portuguese.

He has been quoted by most major wire services including Dow Jones, AP, and Reuters. His comments have also appeared in newspapers around the world and on various radio and television shows.

Jack offers a dedicated and high quality service for his clients. His industry contacts in South America, Europe, Asia, and North America provide him with a unique view of the markets. He also uses his own charting program for technical traders.

Jack began working in the futures industry over 30 years ago and spent 10 years working on the floor of the Chicago Board of Trade in various roles. He has been a broker off the floor since then and has been with The PRICE Futures Group since it was established in 1988.

Contact Jack Scoville: (800) 769-7021 or at jscoville@pricegroup.com

Published by Barchart
Home  •  Charts & Quotes  •  Commentary  •  Authors  •  Education  •  Broker Search  •  Trading Tools  •  Help  •  Contact  •  Advertise With Us  •  Commodities
Markets: Currencies  •   Energies  •   Financials  •   Grains  •   Indices  •   Meats  •   Metals  •   Softs

The information contained on InsideFutures.com is believed to be accurate but is not guaranteed. Market data is furnished on an exchange delayed basis by Barchart.com. Data transmission or omissions shall not be made the basis for any claim, demand or cause for action. No information on the site, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any futures or options contracts. InsideFutures.com is not a broker, nor does it have an affiliation with any broker.


Copyright ©2005-2017 InsideFutures.com, a Barchart.com product. All rights reserved.

About Us  •   Sitemap  •   Legal  •   Privacy Statement