Grains Report 10/21/19

WHEAT
General Comments: Wheat markets were mixed last week as Chicago SRW and HRW prices moved higher and Minneapolis Spring Wheat prices moved a little lower. Chicago Winter Wheat futures are being led higher by strength in world cash prices. Egypt bought over 400,000 tons of Wheat last week, mostly from Russia but also from Ukraine and France. It paid higher prices. Black Sea Wheat has been the lowest priced Wheat over the last few years and Russia has set the world price for quite a while. The fact that prices are moving higher there gives the rest of the world a chance to charge more. There are big problems with Wheat crops in Australia again this year due to the ongoing drought situation. Southern and western areas are most affected. The Bank of Australia estimated production as low as 15.5 million tons for the country. Australia can normally produce 21 or 22 million tons. There has been talk of adverse weather in Argentina, too. Meanwhile, the storms have moved out of the Canadian Prairies and northern Great Plains and left behind some damaged Wheat. The fact that no more damaging weather is coming caused some speculative selling and increased harvest activity in Canada caused some commercial selling. The overall trends are generally up and prices can work higher in the near term.
Overnight News: The southern Great Plains should get mostly dry weather this week after some big storm today. Temperatures should be variable. Northern areas should see mostly periods of light showers. Temperatures should be below normal. The Canadian Prairies should see mostly dry weather. Temperatures should be below normal.
Chart Analysis: Trends in Chicago are up with objectives of 538 December. Support is at 521, 515, and 511 December, with resistance at 538, 543, and 547 December. Trends in Kansas City are up with objectives of 434, 436, and 451 December. Support is at 426, 417, and 414 December, with resistance at 439, 444, and 453 December. Trends in Minneapolis are mixed. Support is at 541, 536, and 534 December, and resistance is at 549, 553, and 558 December.

COT — Supplemental Report – Option and Futures Combined Positions as of October 15, 2019
: 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 516,692
: Positions :
: 56,379 89,005 194,712 69,862 112,073 167,149 77,284 488,103 473,075: 28,589 43,617
: Changes from: October 8, 2019 (Change in open interest: 24,691) :
: 3,097 -7,718 14,271 49 7,004 8,254 10,188 25,671 23,746: -980 945
: Percent of Open Interest Represented by Each Category of Trader :
: 10.9 17.2 37.7 13.5 21.7 32.3 15.0 94.5 91.6: 5.5 8.4
: Total Traders: 365 Number of Traders in Each Category :
: 72 121 128 80 100 45 25 279 307:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of October 15, 2019
: 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 345,040
: Positions :
: 65,278 78,332 95,512 85,929 118,334 66,575 33,932 313,293 326,110: 31,746 18,930
: Changes from: October 8, 2019 (Change in open interest: 6,881) :
: 5,148 -4,969 1,213 -2,643 11,333 4,140 -669 7,857 6,907: -976 -27
: Percent of Open Interest Represented by Each Category of Trader :
: 18.9 22.7 27.7 24.9 34.3 19.3 9.8 90.8 94.5: 9.2 5.5
: Total Traders: 286 Number of Traders in Each Category :
: 84 51 74 90 83 34 13 242 196:
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Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 15, 2019
: 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 68,182 :
: Positions :
: 40,168 35,235 659 324 688 1,551 11,133 1,816 5,819 1,109 5,101 :
: Changes from: October 8, 2019 :
: -775 503 -256 101 4 -293 -2,487 49 -352 -134 -98 :
: Percent of Open Interest Represented by Each Category of Trader :
: 58.9 51.7 1.0 0.5 1.0 2.3 16.3 2.7 8.5 1.6 7.5 :
: Number of Traders in Each Category Total Traders: 95 :
: 49 39 4 . 5 5 8 4 12 5 13 :
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Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 15, 2019
: Reportable Positions :
:————————————————————————————————————- :
: Producer/Merchant : : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables :
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading :
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BLACK SEA WHEAT FINANCIAL – CHICAGO BOARD OF TRADE 50 Metric Tons :
CFTC Code #00160F Open Interest is 12,617 :
: Positions :
: 1,897 9,066 1,105 0 261 6,065 420 700 1,802 1,300 19 :
: Changes from: October 8, 2019 :
: -676 58 35 0 60 450 -280 0 376 0 -20 :
: Percent of Open Interest Represented by Each Category of Trader :
: 15.0 71.9 8.8 0.0 2.1 48.1 3.3 5.5 14.3 10.3 0.1 :
: Number of Traders in Each Category Total Traders: 22 :
: 8 11 . 0 . . . . . . . :
—————————————————————————————————————-

RICE
General Comments: Rice was lower and continued to hold its ground as the US harvest starts to wind down. The harvest is winding down in all areas except California and field yields appear to be generally below last year but still stronger than some analysts had expected. Milling quality is said to be lower on later harvested Rice but was very good for the early harvested Rice. Basis levels are reported to be firmer as the harvest comes to an end and the Rice gets put in on farm storage. There are ideas that not much Rice is available to the cash market right now as much of the new Rice has been put into storage. Producers will hold out for higher prices as they feel that prices overall are too cheap. Export demand has been holding well and this gives hope for higher prices down the road. The best buyer has been Mexico but Central America has been buying in greater volumes as well. The charts maintain a bullish outlook but many short-term objectives have already been hit. Even so, the price action has had a positive feel and prices might try to go higher this week.
Overnight News: The Delta should get mostly dry conditions after some big storms today. Temperatures should be near to above normal.
Chart Analysis: Trends are mixed. Support is at 1183, 1179, and 1173 November, with resistance at 1208, 1217, and 1220 November.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 15, 2019
: Reportable Positions :
:————————————————————————————————————- :
: Producer/Merchant : : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables :
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading :
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ROUGH RICE – CHICAGO BOARD OF TRADE (CONTRACTS OF 200,000 POUNDS) :
CFTC Code #039601 Open Interest is 11,041 :
: Positions :
: 5,872 6,336 110 246 0 954 528 0 410 1,191 1,526 :: Changes from: October 8, 2019 :
: 10 -249 0 0 0 -210 -109 0 -19 120 -14 :
: Percent of Open Interest Represented by Each Category of Trader :
: 53.2 57.4 1.0 2.2 0.0 8.6 4.8 0.0 3.7 10.8 13.8 :
: Number of Traders in Each Category Total Traders: 46 :
: 14 15 . . 0 4 . 0 4 15 12 :
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CORN AND OATS
General Comments: Corn closed lower and Oats closed higher last week. Price action was disappointing for bulls in both markets as both closed closer to the lower end of the weekly trading range and might move lower again this week. The harvest is finally starting to get more active now that the weather has turned drier in the Midwest. It was a great weekend in the region with warmer temperatures and some sun to help dry soils and Corn. Farmers are concentrating mostly on harvesting Soybeans but there has been some Corn harvested as well. Yield reports seem stronger in the western Corn Belt than in the east. Many think that the best Corn is being harvested now and that yield reports will show less Corn as the harvest progresses. Demand remains hard to find and this was reflected fin the USDA reports released on Friday. Oats saw increased pressure as the weather improved in the Canadian Prairies. The US harvest is over but there is still grain to be harvested farther north. The Canadian Dollar turned stronger against the US Dollar but this did not support Oats prices.
Overnight News:
Chart Analysis: Trends in Corn are mixed. Support is at 388, 385, and 378 December, and resistance is at 397, 399, and 403 December. Trends in Oats are mixed to up with no objectives. Support is at 294, 289, and 284 December, and resistance is at 299, 302, and 305 December.

COT — Supplemental Report – Option and Futures Combined Positions as of October 15, 2019
: 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 2,042,653
: Positions :
: 133,334 251,850 540,522 612,438 848,758 408,597 169,689 1,694,891 1,810,818: 347,763 231,835
: Changes from: October 8, 2019 (Change in open interest: -68,104) :
: -34,280 -36,159 3,042 -18,476 -35,804 -5,133 -10,123 -54,846 -79,043: -13,257 10,940
: Percent of Open Interest Represented by Each Category of Trader :
: 6.5 12.3 26.5 30.0 41.6 20.0 8.3 83.0 88.7: 17.0 11.3
: Total Traders: 890 Number of Traders in Each Category :
: 181 154 226 426 394 50 30 777 693:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 15, 2019
: 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 6,192 :
: Positions :
: 1,388 4,932 133 0 0 1,266 0 0 1,382 45 184 :
: Changes from: October 8, 2019 :
: -128 131 0 0 0 281 -64 -4 2 -96 50 :
: Percent of Open Interest Represented by Each Category of Trader :
: 22.4 79.7 2.1 0.0 0.0 20.4 0.0 0.0 22.3 0.7 3.0 :
: Number of Traders in Each Category Total Traders: 27 :
: 8 9 . 0 0 9 0 0 4 . . :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans were slightly lower for the week but Soybean Meal was higher. Soybeans ere hurt by ideas of expanding harvest activity and closed with small losses despite more Chinese buying of US Soybeans. The weekly USDA data showed that farmers were more focused on the Soybeans harvest than Corn last week and data released on Monday should show this trend as well. Yield reports show that yields are generally better in western areas than to the east. China continued to buy US agricultural products including pork and Soybeans and tariff increases from the US were held in check. The two sides hope to have a Phase One deal ready in November for signing at the G-7 meetings. There will be more meetings to find a more comprehensive deal that can be signed by both presidents. The market is also starting to keep a closer eye on the weather in South America. It has been too dry in parts of central and northern Brazil and the planting progress has been delayed. There are forecasts for more rains to allow better planting progress appearing in the next couple of weeks. Soybeans could trade sideways to lower this week.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed. Support is at 927, 924, and 919 November, and resistance is at 941, 945, and 950 November. Trends in Soybean Meal are mixed to down with objectives of 302.00 and 296.00 December. Support is at 304.00, 301.00, and 300.00 December, and resistance is at 312.00, 314.00, and 315.00 December. Trends in Soybean Oil are mixed to up with objectives of 3120 December. Support is at 3020, 3000, and 2980 December, with resistance at 3070, 3110, and 3130 December.

COT — Supplemental Report – Option and Futures Combined Positions as of October 15, 2019
: 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 918,041
: Positions :
: 104,763 83,454 244,130 255,976 426,968 213,971 71,421 818,841 825,973: 99,200 92,068
: Changes from: October 8, 2019 (Change in open interest: 59,953) :
: 16,553 -23,772 16,089 -12,140 37,233 16,368 10,554 36,870 40,104: 23,083 19,849
: Percent of Open Interest Represented by Each Category of Trader :
: 11.4 9.1 26.6 27.9 46.5 23.3 7.8 89.2 90.0: 10.8 10.0
: Total Traders: 610 Number of Traders in Each Category :
: 161 119 210 200 222 50 30 514 496:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of October 15, 2019
: 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 521,603
: Positions :
: 73,608 42,533 132,888 121,943 246,025 151,528 29,600 479,967 451,046: 41,636 70,557
: Changes from: October 8, 2019 (Change in open interest: 16,198) :
: 7,465 -9,759 2,491 1,311 -15,595 1,631 -2,567 12,898 -25,430: 3,299 41,627
: Percent of Open Interest Represented by Each Category of Trader :
: 14.1 8.2 25.5 23.4 47.2 29.1 5.7 92.0 86.5: 8.0 13.5
: Total Traders: 341 Number of Traders in Each Category :
: 93 64 129 78 81 40 21 291 251:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of October 15, 2019
: 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 453,518
: Positions :
: 43,925 70,494 115,012 138,620 182,820 105,447 33,866 403,004 402,192: 50,514 51,326
: Changes from: October 8, 2019 (Change in open interest: 7,707) :
: 1,605 -7,765 6,406 986 -11,427 4,699 -17 13,696 -12,802: -5,989 20,510
: Percent of Open Interest Represented by Each Category of Trader :
: 9.7 15.5 25.4 30.6 40.3 23.3 7.5 88.9 88.7: 11.1 11.3
: Total Traders: 292 Number of Traders in Each Category :
: 66 60 97 95 82 37 13 248 215:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Canola was lower on reports of strong farm selling as the harvest resumed after the big storm of early last week. The reports indicate that damage was minimal as Manitoba is now about 80$ harvested and Saskatchewan remains behind but is making strong progress now. Palm Oil was higher despite worries that weaker export demand would continue. Soybean Oil was higher. A weaker currency and word that Malaysia will try to improve diplomatic relations with India after recent disparaging comments made in Malaysia about is biggest buyer helped the market move higher. Vegetable oils are firm and Palm Oil is trying to form a bottom. The charts show that futures are turning trends up again.
Overnight News: SGS said that Malaysian Palm Oil exports are now 903,645 tons this month, from 945,241 tons last month.
Chart Analysis: Trends in Canola are down with objectives of 446.00, 438.00, and 436.00 November. Support is at 451.00, 450.00, and 448.00 November, with resistance at 459.00, 461.00, and 465.00 November. Trends in Palm Oil are up with objectives of 2310 January. Support is at 2230, 2220, and 2190 January, with resistance at 2300, 2320, and 2340 January.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 15, 2019
: 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 208,086 :
: Positions :
: 134,331 105,258 1,454 1,807 2,789 3,096 32,294 9,991 3,247 37,407 16,514 :
: Changes from: October 8, 2019 :
: -31,947 8,372 35 -19 117 -1,596 -14,114 -4,466 -1,624 5,985 2,163 :
: Percent of Open Interest Represented by Each Category of Trader :
: 64.6 50.6 0.7 0.9 1.3 1.5 15.5 4.8 1.6 18.0 7.9 :
: Number of Traders in Each Category Total Traders: 281 :
: 58 80 4 . 5 13 36 12 34 84 36 :
—————————————————————————————————————-

Midwest Weather Forecast: Big sowers and storms today then chances for showers late this week. Temperatures should average near to below normal.

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
October +37 Dec +170 Dec +75 Dec +37 Nov +12 Dec N/A
November +43 Dec +85 Dec +40 Nov
December +52 Dec +85 Dec +30 Jan
All basis levels are positive unless noted as negative

DJ ICE Canada Cash Grain Close – Oct 18
WINNIPEG — The following are the closing cash
canola prices from ICE Futures.
Source: ICE Futures
Price Basis Contract Change
CANOLA
*Par Region 427.61 -29.39 Nov 2019 dn 4.39
Basis: Thunder Bay 463.70 10.00 Nov 2019 dn 3.30
Basis: Vancouver 473.70 20.00 Nov 2019 dn 3.30
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 – Oct 21
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 542.50 +07.50 Unquoted – –
Dec 550.00 +07.50 Unquoted – –
Jan/Feb/Mar 570.00 +07.50 Unquoted – –
Apr/May/Jun 587.50 — Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Nov 545.00 +07.50 Unquoted – –
Dec 552.50 +07.50 Unquoted – –
Jan/Feb/Mar 572.50 +07.50 Unquoted – –
Apr/May/Jun 590.00 — Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Nov 540.00 — Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Nov 437.50 — Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Nov 2,200.00 — Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Nov 146.00 — Unquoted – –
($1=MYR4.1800)

DJ China Dalian Grain Futures Closing Prices, Volume – Oct 21
Soybean No. 1
Turnover: 169,222 lots, or 5.84 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-19 3,338 3,380 3,338 3,379 3,366 3,370 4 20 278
Jan-20 3,412 3,444 3,398 3,430 3,422 3,423 1 153,128 186,140
Mar-20 – – – 3,444 3,444 3,444 0 0 34
May-20 3,700 3,707 3,677 3,707 3,697 3,697 0 14,554 68,152
Jul-20 3,729 3,729 3,720 3,720 3,716 3,724 8 4 32
Sep-20 3,762 3,780 3,747 3,780 3,762 3,768 6 1,516 6,952
Corn
Turnover: 700,396 lots, or 13.06 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-19 1,821 1,825 1,805 1,807 1,814 1,809 -5 1,208 12,844
Jan-20 1,859 1,865 1,845 1,847 1,855 1,852 -3 555,692 1,236,560
Mar-20 1,884 1,884 1,871 1,873 1,878 1,875 -3 45,464 330,414
May-20 1,928 1,933 1,919 1,922 1,926 1,923 -3 85,270 549,556
Jul-20 1,953 1,955 1,945 1,946 1,951 1,949 -2 426 8,272
Sep-20 1,973 1,978 1,966 1,970 1,974 1,972 -2 12,336 69,730
Soymeal
Turnover: 4,313,454 lots, or 12.99 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-19 3,028 3,103 3,015 3,103 3,018 3,062 44 2,774 6,886
Dec-19 3,014 3,138 3,010 3,111 3,018 3,067 49 40,608 255,786
Jan-20 2,985 3,078 2,981 3,078 2,992 3,036 44 3,218,438 2,441,688
Mar-20 2,950 3,007 2,948 2,997 2,961 2,984 23 294 866
May-20 2,900 2,954 2,891 2,945 2,914 2,924 10 895,774 1,578,080
Jul-20 2,910 2,965 2,906 2,960 2,925 2,944 19 1,424 4,060
Aug-20 2,907 2,970 2,907 2,970 2,926 2,946 20 18 56
Sep-20 2,947 3,005 2,939 2,999 2,956 2,979 23 154,124 341,564
Palm Oil
Turnover: 821,626 lots, or 40.24 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Oct-19 – – – 4,880 4,880 4,880 0 0 0
Nov-19 4,680 4,880 4,680 4,880 4,836 4,780 -56 4 2
Dec-19 – – – 4,758 4,812 4,758 -54 0 6
Jan-20 4,830 4,894 4,822 4,878 4,808 4,862 54 717,630 500,906
Feb-20 – – – 4,952 4,898 4,952 54 0 708
Mar-20 – – – 5,022 4,968 5,022 54 0 4
Apr-20 – – – 5,032 4,978 5,032 54 0 6
May-20 5,106 5,156 5,096 5,138 5,082 5,124 42 99,826 194,328
Jun-20 – – – 5,138 5,096 5,138 42 0 6
Jul-20 5,086 5,218 5,086 5,218 5,072 5,152 80 8 604
Aug-20 – – – 5,118 5,040 5,118 78 0 2
Sep-20 5,138 5,192 5,128 5,168 5,124 5,168 44 4,158 18,768
Soybean Oil
Turnover: 842,504 lots, or 51.14 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Nov-19 – – – 5,966 5,966 5,966 0 0 4
Dec-19 6,104 6,104 5,984 5,984 5,888 6,044 156 4 10
Jan-20 6,046 6,098 6,030 6,074 6,034 6,066 32 638,190 701,520
Mar-20 – – – 6,106 6,074 6,106 32 0 698
May-20 6,074 6,116 6,036 6,068 6,062 6,074 12 191,572 283,686
Jul-20 – – – 6,084 6,072 6,084 12 0 526
Aug-20 – – – 5,988 5,978 5,988 10 0 0
Sep-20 6,090 6,150 6,082 6,104 6,110 6,116 6 12,738 61,284
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.