Grains Report - Monday, August 24

DJ CBOT Delivery Intentions: Totals – Aug 24
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN OIL August Aug. 25, 2020 51 Jul 30, 2020

WHEAT
General Comments: Winter Wheat markets were higher on ideas that China was buying US Wheat at the PNW. Chicago SRW was the market leader on increased speculative buying. The demand would be welcome as US prices remain high in the world market. Europe remains high priced due to drought in France, but improving yield reports in Russia have hurt prices in the Black Sea. Spring Wheat was developing under good growing conditions in both the US and Canada. Yield reports from the central and southern Great Plains have been variable, but generally a little better than expected. Soft Red Winter yields are high. Russian Winter Wheat yields have improved over time as harvesters move into areas that had better growing conditions, but Spring Wheat yields are expected to be variable due to declining crop conditions in those growing areas. Australia remains in good condition. About half of the Argentine Wheat belt is too dry.
Overnight News: The southern Great Plains should get isolated showers. Temperatures should be above normal. Northern areas should see scattered showers. Temperatures will average near to above normal. The Canadian Prairies should see isolated showers. Temperatures should average near to above normal.
Chart Analysis: Trends in Chicago are up with objectives of 565 September. Support is at 514, 507, and 497 September, with resistance at 540, 544, and 547 September. Trends in Kansas City are up with objectives of 454 and 468 September. Support is at 437, 436, and 430 September, with resistance at 458, 464, and 468 September. Trends in Minneapolis are up with objectives of 522 September. Support is at 509, 500, and 495 September, and resistance is at 520, 528, and 543 September.

COT — Supplemental Report – Option and Futures Combined Positions as of August 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 522,554
: Positions :
: 65,026 90,792 181,682 62,960 147,927 183,785 53,017 493,454 473,418: 29,100 49,136
: Changes from: August 11, 2020 (Change in open interest: 16,580) :
: 2,447 -5,176 10,304 4,010 10,831 -1,165 1,755 15,595 17,714: 984 -1,134
: Percent of Open Interest Represented by Each Category of Trader :
: 12.4 17.4 34.8 12.0 28.3 35.2 10.1 94.4 90.6: 5.6 9.4
: Total Traders: 382 Number of Traders in Each Category :
: 86 121 132 77 101 45 24 300 303:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of August 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 275,508
: Positions:
: 39,062 68,592 58,222 74,335 102,794 80,899 26,024 252,518 255,632: 22,990 19,877
: Changes from: August 11, 2020 (Change in open interest: -10,869) :
: 1,566 -8,818 -4,640 -5,995 3,848 485 318 -8,584 -9,292: -2,285 -1,578
: Percent of Open Interest Represented by Each Category of Trader :
: 14.2 24.9 21.1 27.0 37.3 29.4 9.4 91.7 92.8: 8.3 7.2
: Total Traders: 253 Number of Traders in Each Category :
: 56 54 58 70 77 36 17 195 181:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 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 82,081 :
: Positions :
: 48,144 33,825 2,210 2 295 7,470 28,798 2,579 4,448 2,660 2,568 :
: Changes from: August 11, 2020 :
: 1,972 5,027 2 2 92 985 -2,200 -996 -252 -104 -765 :
: Percent of Open Interest Represented by Each Category of Trader :
: 58.7 41.2 2.7 0.0 0.4 9.1 35.1 3.1 5.4 3.2 3.1 :
: Number of Traders in Each Category Total Traders: 103 :
: 47 38 . . . 8 19 7 7 8 9 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 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 29,627 :
: Positions :
: 15,285 26,354 0 1,174 172 13,160 0 4 0 333 533 :
: Changes from: August 11, 2020 :
: 1,886 1,026 -112 -36 -142 -558 0 -1 -42 333 104 :
: Percent of Open Interest Represented by Each Category of Trader :
: 51.6 89.0 0.0 4.0 0.6 44.4 0.0 0.0 0.0 1.1 1.8 :
: Number of Traders in Each Category Total Traders: 31 :
: 11 19 0 . . 5 0 . 0 . . :
—————————————————————————————————————-

RICE
General Comments Rice was higher again last week as the harvest is active near the Gulf Coast. The weekly charts show that a small bottom has formed and the daily charts imply that higher prices are coming. New crop prospects appear solid for increased production in the coming year. The area is larger and the growing conditions are mostly good. The crops are called in good condition in Mississippi, Arkansas, and Missouri. Texas and southern Louisiana field yield reports are strong. Quality is called average to above average. Export demand for the new crop Rice has been slow to develop as buyers wait for lower prices. Domestic demand has also been less. It looks like many buyers bought and hoarded Rice during the first pandemic scare and are now full of supplies.
Overnight News: The Delta should get scattered showers. Temperatures should be near to below normal.
Chart Analysis: Trends are up with objectives of 1257, 1290, and 1310 September. Support is at 1212, 1204, and 1190 September, with resistance at 1236, 1248, and 1258 September.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 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 10,686 :
: Positions :
: 5,142 8,723 82 0 0 1,836 468 85 741 35 600 :
: :
: Changes from: August 11, 2020 :
: -203 342 -1 0 0 204 -129 -26 78 -14 -42 :
: :
: Percent of Open Interest Represented by Each Category of Trader :
: 48.1 81.6 0.8 0.0 0.0 17.2 4.4 0.8 6.9 0.3 5.6 :
: :
: Number of Traders in Each Category Total Traders: 50 :
: 13 19 . 0 0 9 . . 9 4 8 :
—————————————————————————————————————-

CORN AND OATS
General Comments Corn was slightly higher in reaction to demand and the Pro Farmer tour results. A lot of attention was on the results from Iowa due to drought and the derecho that blew through the state. The derecho brought 100 mph winds to parts of Iowa and Illinois and flattened many Corn crops. Some of these crops will not recover. Some silos and other storage and processing facilities were damaged or destroyed. It is not known how much of the Corn can recover. Pro Farmer estimated the Iowa yield at just over 177 bu/acre. Corn in surrounding areas looks good and USDA called for record yield potential in its reports this month. Pro Farmer has found good but not great crops in general in the Midwest. China was a buyer of US Corn again late last week.
Overnight News: Pro Farmer estimated the US Corn yield at 177.5 bu/acre.
Chart Analysis: Trends in Corn are mixed. Support is at 321, 319, and 314 September, and resistance is at 332, 335, and 338 September. Trends in Oats are mixed. Support is at 264, 258, and 252 September, and resistance is at 270, 274, and 276 September.

COT — Supplemental Report – Option and Futures Combined Positions as of August 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 1,936,499
: Positions :
: 181,405 314,027 471,343 615,247 761,718 464,009 154,623 1,732,003 1,701,712: 204,496 234,788
: Changes from: August 11, 2020 (Change in open interest: -54,051) :
: 17,176 -44,460 -23,972 -64,754 8,809 21,782 21,811 -49,769 -37,813: -4,282 -16,238
: Percent of Open Interest Represented by Each Category of Trader :
: 9.4 16.2 24.3 31.8 39.3 24.0 8.0 89.4 87.9: 10.6 12.1
: Total Traders: 784 Number of Traders in Each Category :
: 145 156 172 350 338 52 29 650 605:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 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 5,044 :
: Positions :
: 1,281 3,897 92 0 0 595 0 8 944 14 289 :
: Changes from: August 11, 2020 :
: 72 319 0 0 0 -341 0 8 56 -3 10 :
: Percent of Open Interest Represented by Each Category of Trader :
: 25.4 77.3 1.8 0.0 0.0 11.8 0.0 0.2 18.7 0.3 5.7 :
: Number of Traders in Each Category Total Traders: 25 :
: 10 11 . 0 0 5 0 . 5 . . :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans were lower on the positive crop tour results from Pro Farmer and the lack of new demand from China. China has been a very strong buyer of US new crop Soybeans and the US now has record sales on the books. Brazil prices are higher for the rest of the world as it starts to run out of Soybeans to export, so China and the rest of the world will look to the US for additional supplies. The US weather is considered mixed for Soybeans with cooler temperatures and some rain in the north, but dry conditions further to the south. The Pro Farmer Crop Tour has seen fair to good crops in Iowa good to very good Soybeans crops in Minnesota. The Soybean fields all appear clean and the pod cunts have been generally at or above the three-year tour average until now.
Overnight News: Pro Farmer estimated the US Soybeans yield at 52.5 bu/acre.
Chart Analysis: Trends in Soybeans are mixed to down with objectives of 897 September. Support is at 898, 888, and 880 September, and resistance is at 908, 915, and 918 September. Trends in Soybean Meal are down with objectives of 289.00 and 284.00 September. Support is at 290.00, 287.00, and 285.00 September, and resistance is at 295.00, 299.00, and 301.00 September. Trends in Soybean Oil are mixed to up with objectives of 3270 and 3290 September. Support is at 3100, 3050, and 2980 September, with resistance at 3170, 3180, and 3220 September.

COT — Supplemental Report – Option and Futures Combined Positions as of August 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 983,437
: Positions :
: 128,206 59,795 240,662 308,002 562,496 241,416 50,143 918,285 913,096: 65,152 70,341
: Changes from: August 11, 2020 (Change in open interest: -722) :
: 41,786 -34,709 2,254 -59,765 36,588 6,681 -1,126 -9,044 3,007: 8,323 -3,729
: Percent of Open Interest Represented by Each Category of Trader :
: 13.0 6.1 24.5 31.3 57.2 24.5 5.1 93.4 92.8: 6.6 7.2
: Total Traders: 615 Number of Traders in Each Category :
: 175 114 191 184 221 54 26 513 471:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of August 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 489,389
: Positions :
: 68,051 32,941 91,008 162,118 313,260 125,446 21,558 446,623 458,767: 42,766 30,622
: Changes from: August 11, 2020 (Change in open interest: 12,760) :
: 635 -8,489 4,430 854 13,098 6,924 1,134 12,842 10,172: -83 2,587
: Percent of Open Interest Represented by Each Category of Trader :
: 13.9 6.7 18.6 33.1 64.0 25.6 4.4 91.3 93.7: 8.7 6.3
: Total Traders: 292 Number of Traders in Each Category :
: 73 53 77 83 80 42 21 252 194:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of August 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 490,048
: Positions :
: 46,199 42,733 99,427 187,374 294,895 109,433 23,909 442,434 460,964: 47,614 29,085
: Changes from: August 11, 2020 (Change in open interest: -1,227) :
: 6,845 -27,280 5,137 -14,172 24,177 499 -4,848 -1,691 -2,814: 464 1,587
: Percent of Open Interest Represented by Each Category of Trader :
: 9.4 8.7 20.3 38.2 60.2 22.3 4.9 90.3 94.1: 9.7 5.9
: Total Traders: 288 Number of Traders in Each Category :
: 60 58 80 98 94 37 18 242 214:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Palm Oil was lower on the dismal export pace so far this month. Palm Oil was lower for the same reasons today. Wire reports from Indonesia last week highlighted more than 8% less production and 7% esports from that country. Flooding and a lack of workers for the plantations have been the reasons to see less production in Malaysia. Palm Oil has been getting better demand from importers as world economies slowly open after being closed by the Coronavirus epidemic. Indonesia continues to focus its Palm Oil on internal demand for biofuels. Canola closed lower on Chicago price action and a stronger Canadian Dollar. The strength in the Canadian Dollar is more about weakness in the US Dollar than anything going on in Canada. Crop conditions are mostly good and farmers have been selling old-crop supplies. The weather has been warmer the past couple of weeks and most areas have seen rain.
Overnight News:
Chart Analysis: Trends in Canola are mixed. Support is at 483.00, 481.00, and 480.00 November, with resistance at 488.00, 491.00, and 497.00 November. Trends in Palm Oil are mixed. Support is at 2650, 2570, and 2530 November, with resistance at 2700, 2760, and 2790 November.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 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 208,475 :
: Positions :
: 149,053 160,703 45 2,785 797 34,653 9,730 5,479 3,150 11,101 14,108 :
: Changes from: August 11, 2020 :
: 11,355 7,184 0 -69 -95 -4,963 287 -1,014 197 -784 314 :
: Percent of Open Interest Represented by Each Category of Trader :
: 71.5 77.1 0.0 1.3 0.4 16.6 4.7 2.6 1.5 5.3 6.8 :
: Number of Traders in Each Category Total Traders: 287 :
: 32 68 . 7 . 32 20 12 28 111 20 :
—————————————————————————————————————-

Midwest Weather Forecast: Mostly dry in all areas. Temperatures should average near to below normal

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
August +68 Sep +135 Sep +54 Sep +80 Nov N/A N/A
September +59 Sep +64 Sep +68 Nov
October +55 Dec +64 Dec +67 Nov

DJ ICE Canada Cash Grain Close – Aug 21
WINNIPEG — The following are the closing cash
canola prices from ICE Futures.
Source: ICE Futures
Price Basis Contract Change
CANOLA
*Par Region 448.00 -35.00 Nov 2020 dn 4.80
Basis: Thunder Bay 498.30 12.00 Nov 2020 up 3.30
Basis: Vancouver 509.30 23.00 Nov 2020 up 3.30
All prices in Canadian dollars per metric tonne.
*Quote for the previous day
Source: Commodity News Service Canada
(news@marketsfarm.com, 204-414-9084, or cell
204-782-5944)

DJ Malaysian PM Cash Market Prices for Palm Oil – Aug 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
Sept 700.00 -07.50 Unquoted – –
Oct/Nov/Dec 662.50 -05.00 Unquoted – –
Jan/Feb/Mar 650.00 -05.00 Unquoted – –
Apr/May/Jun 640.00 -02.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Sept 702.50 -07.50 Unquoted – –
Oct/Nov/Dec 665.00 -05.00 Unquoted – –
Jan/Feb/Mar 652.50 -05.00 Unquoted – –
Apr/May/Jun 642.50 -02.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Sept 705.00 -02.50 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Sept 630.00 00.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Sept 2,800.00 -10.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Sept 181.00 -02.00 Unquoted – –
($1=MYR4.173)

DJ China Dalian Grain Futures Closing Prices, Volume – Aug 24
Soybean No. 1
Turnover: 278,941 lots, or 12.48 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-20 4,640 4,660 4,630 4,644 4,645 4,641 -4 10,455 21,140
Nov-20 4,477 4,505 4,390 4,391 4,476 4,439 -37 5,065 5,408
Jan-21 4,485 4,533 4,414 4,416 4,504 4,468 -36 256,780 130,681
Mar-21 4,495 4,523 4,416 4,424 4,501 4,465 -36 1,689 1,253
May-21 4,522 4,564 4,463 4,463 4,532 4,500 -32 2,506 4,577
Jul-21 4,518 4,553 4,455 4,471 4,530 4,488 -42 2,446 454
Corn
Turnover: 938,438 lots, or 21.39 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-20 2,248 2,252 2,222 2,225 2,252 2,234 -18 11,624 35,064
Nov-20 2,275 2,279 2,236 2,242 2,274 2,254 -20 89,356 55,201
Jan-21 2,299 2,303 2,259 2,266 2,298 2,276 -22 724,161 1,179,581
Mar-21 2,326 2,328 2,285 2,289 2,323 2,305 -18 11,567 12,592
May-21 2,337 2,344 2,298 2,301 2,337 2,316 -21 91,938 363,433
Jul-21 2,367 2,368 2,325 2,328 2,363 2,343 -20 9,792 41,559
Soymeal
Turnover: 821,224 lots, or 23.44 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-20 2,825 2,844 2,824 2,842 2,825 2,835 10 46,487 107,477
Nov-20 2,857 2,872 2,845 2,864 2,853 2,860 7 49,473 69,190
Dec-20 2,877 2,885 2,859 2,876 2,870 2,873 3 24,062 7,183
Jan-21 2,880 2,893 2,864 2,886 2,879 2,881 2 570,029 1,349,692
Mar-21 2,772 2,791 2,768 2,779 2,770 2,777 7 5,216 10,106
May-21 2,735 2,755 2,731 2,743 2,733 2,741 8 125,862 717,925
Jul-21 2,751 2,770 2,750 2,761 2,756 2,754 -2 91 630
Aug-21 2,786 2,792 2,786 2,792 2,791 2,789 -2 4 74
Palm Oil
Turnover: 860,163 lots, or 48.26 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-20 5,836 5,888 5,788 5,860 5,832 5,850 18 50,418 32,066
Oct-20 5,754 5,826 5,730 5,778 5,798 5,780 -18 19,448 10,797
Nov-20 5,664 5,710 5,638 5,672 5,690 5,682 -8 13,215 5,759
Dec-20 5,618 5,662 5,582 5,620 5,632 5,620 -12 15,092 1,707
Jan-21 5,580 5,628 5,546 5,590 5,602 5,588 -14 750,039 376,957
Feb-21 – – – 5,694 5,694 5,694 0 0 119
Mar-21 – – – 5,576 5,576 5,576 0 0 20
Apr-21 – – – 5,578 5,590 5,578 -12 0 152
May-21 5,510 5,538 5,466 5,508 5,520 5,500 -20 11,951 36,317
Jun-21 – – – 5,668 5,668 5,668 0 0 2
Jul-21 – – – 5,516 5,618 5,516 -102 0 5
Aug-21 – – – 5,576 5,596 5,576 -20 0 0
Soybean Oil
Turnover: 571,928 lots, or 36.42 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-20 6,400 6,428 6,354 6,390 6,398 6,388 -10 20,839 29,700
Nov-20 6,426 6,482 6,390 6,430 6,448 6,432 -16 30,584 11,716
Dec-20 6,372 6,434 6,350 6,400 6,396 6,392 -4 7,220 3,977
Jan-21 6,358 6,412 6,332 6,374 6,378 6,368 -10 484,428 607,918
Mar-21 6,286 6,348 6,276 6,318 6,314 6,314 0 7,276 538
May-21 6,230 6,274 6,208 6,260 6,250 6,240 -10 21,581 102,794
Jul-21 – – – 6,330 6,330 6,330 0 0 4
Aug-21 – – – 6,326 6,326 6,326 0 0 1
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.

Disclaimer: 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 ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.