DepositPhotosDJ USDA Report: Recap for U.S. Agriculture Supply, Demand
The following table of analysts’ estimates is provided as a service to The Wall Street Journal subscribers in conjunction with the U.S. Department of Agriculture’s monthly supply-and-demand report scheduled for release at noon ET on Monday.
U.S. 2024 Production (million bushels, bushels per acre)
Average Range USDA July USDA 2023
Corn Production 15,103 14,920-15,284 15,100 15,342
Soybean Production 4,469 4,396-4,537 4,435 4,165
Corn Yield 182.1 181.1-184.0 181.0 177.3
Soybean Yield 52.5 52.0-53.0 52.0 50.6
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U.S. Stockpiles (millions)
2023-24
Average Range USDA July
Corn 1,882 1,825-1,977 1,877
Soybeans 347 332-360 345
Wheat 702 702-705 702
2024-25
Average Range USDA July
Corn 2,092 1,987-2,295 2,097
Soybeans 472 396-540 435
Wheat 860 830-876 856
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World Stockpiles (million metric tons)
2023-24
Average Range USDA July
Corn 309.7 308.0-313.5 309.1
Soybeans 110.9 108.8-112.5 111.3
Wheat 261.0 260.0-262.0 261.0
2024-25
Average Range USDA July
Corn 311.2 307.0-315.0 311.6
Soybeans 127.6 125.6-130.5 127.8
Wheat 257.3 254.0-260.0 257.2
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2024-25 WHEAT PRODUCTION
Average Range USDA July USDA 2023-24
All Wheat 2,016 1,982-2,035 2,008 1,812
Winter Wheat 1,348 1,329-1,396 1,342 1,248
Hard Red Winter 766 755-788 763 601
Soft Red Winter 345 340-349 344 449
White Winter 237 224-280 234 198
Other Spring 580 540-600 578 505
Durum 90 88-95 89 59 Start Trading With The Best Trading Platform Now! WHEATGeneral Comments: Wheat was mixed last week, with Chicago a little higher but KC and Minneapolis a little lower before the release of the USDA reports on Monday. US harvest progress and ideas of good yields and crops went against reports of hot and dry weather in eastern Europe and Russia and too wet weather in France and Germany are still heard and the weather there affecting world production estimates. There were more reports of hot temperatures coming this week to Russian growing areas. It has also been very dry there. Eastern Europe is also hot and dry. Western Europe has seen too much rain.Overnight News:Chart Analysis: Trends in Chicago are mixed. Support is at 520, 514, and 508 September, with resistance at 557, 581, and 592 September. Trends in Kansas City are mixed. Support is at 545, 540, and 534 September, with resistance at 590, 601, and 618 September. Trends in Minneapolis are mixed. Support is at 582, 574, and 5568 September, and resistance is at 628, 636, and 646 September.COT — Supplemental Report – Option and Futures Combined Positions as of August 06, 2024
: 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 511,097
: Positions :
: 56,202 143,443 158,218 115,792 101,945 147,223 68,580 477,434 472,185: 33,663 38,912
: :
: Changes from: July 30, 2024 (Change in open interest: -476) :
: -4,644 -6,931 11,954 -4,185 -794 -2,914 -5,606 212 -1,377: -687 901
: :
: Percent of Open Interest Represented by Each Category of Trader :
: 11.0 28.1 31.0 22.7 19.9 28.8 13.4 93.4 92.4: 6.6 7.6
: :
: Total Traders: 408 Number of Traders in Each Category :
: 81 123 127 119 112 45 33 321 329:
——————————————————————————————————————-COT — Supplemental Report – Option and Futures Combined Positions as of August 06, 2024
: 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 279,383
: Positions :
: 30,359 65,946 61,344 70,425 86,889 99,272 41,807 261,400 255,987: 17,983 23,396
: :
: Changes from: July 30, 2024 (Change in open interest: 12,446) :
: -758 -1,884 3,669 1,552 4,555 7,014 6,359 11,477 12,699: 969 -253
: :
: Percent of Open Interest Represented by Each Category of Trader :
: 10.9 23.6 22.0 25.2 31.1 35.5 15.0 93.6 91.6: 6.4 8.4
: :
: Total Traders: 244 Number of Traders in Each Category :
: 48 59 63 74 75 36 24 191 191:
——————————————————————————————————————-Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 6, 2024
: 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 77,412 :
: Positions :
: 43,670 21,578 3,621 48 485 5,662 30,799 7,274 1,676 1,300 3,511 :
: :
: Changes from: July 30, 2024 :
: -808 -1,208 -330 48 166 -2,329 -2,124 508 -137 302 388 :
: :
: Percent of Open Interest Represented by Each Category of Trader :
: 56.4 27.9 4.7 0.1 0.6 7.3 39.8 9.4 2.2 1.7 4.5 :
: :
: Number of Traders in Each Category Total Traders: 112 :
: 53 38 7 . . 11 21 10 8 6 9 :
—————————————————————————————————————- RICEGeneral Comments: Rice closed lower last week and trends have turned down again before the release of the USDA reports on Monday. The US weather has been an issue much of the growing season with too much rain early in the year. Some areas are now too dry, especially in Texas. However, planted area has increased from last year and so most are looking for a rebound in production this year. Supply tightness is expected to give way to increased production this year and greatly increased supplies this Fall.Overnight News:Chart Analysis: Trends are mixed. Support is at 1478, 1452, and 1431 September and resistance is at 1538, 1544, and 1566 SeptemberDisaggregated Commitments of Traders- Options and Futures Combined Positions as of August 6, 2024
: 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 10,050 :
: Positions :
: 5,375 5,600 0 0 0 629 2,098 70 1,333 19 1,030 :
: :
: Changes from: July 30, 2024 :
: 28 427 0 -114 0 -234 -588 22 -39 -52 -35 :
: :
: Percent of Open Interest Represented by Each Category of Trader :
: 53.5 55.7 0.0 0.0 0.0 6.3 20.9 0.7 13.3 0.2 10.3 :
: :
: Number of Traders in Each Category Total Traders: 58 :
: 20 16 0 0 0 5 8 . 12 4 9 :
—————————————————————————————————————- CORN AND OATSGeneral Comments: Corn and Oats closed lower last week, with selling seen in Wheat and Soybeans and on ideas of good growing conditions in the Midwest and talk of very strong yield potential. Bearish reports are expected from USDA for production and ending stocks on Monday Current forecasts call for cooler and drier weather for the Midwest this week but hot weather could return next week. Northern areas such as southern Minnesota have had way too much rain but the weather is better now. Some selling came from reduced demand ideas but demand remains solid overall.Overnight News: Unknown destinations bought 165,000 tons of US Corn.Chart Analysis: Trends in Corn are down with no objectives. Support is at 376, 373, and 370 September, and resistance is at 414, 426, and 446 September. Trends in Oats are mixed. Support is at 317, 311, and 302 September, and resistance is at 336, 348, and 364 SeptemberCOT — Supplemental Report – Option and Futures Combined Positions as of August 06, 2024
: 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 2,016,786
: Positions :
: 151,569 358,535 653,502 597,045 571,071 427,805 202,079 1,829,922 1,785,187: 186,864 231,599
: :
: Changes from: July 30, 2024 (Change in open interest: -7,615) :
: 10,976 -54,010 10,087 -15,811 28,105 -10,359 3,190 -5,106 -12,627: -2,509 5,013
: :
: Percent of Open Interest Represented by Each Category of Trader :
: 7.5 17.8 32.4 29.6 28.3 21.2 10.0 90.7 88.5: 9.3 11.5
: :
: Total Traders: 787 Number of Traders in Each Category :
: 146 158 202 352 325 51 36 658 631:
——————————————————————————————————————-Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 6, 2024
: 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 5,025 :
: Positions :
: 2,196 1,162 176 466 9 0 1,492 0 530 326 132 :
: :
: Changes from: July 30, 2024 :
: -81 -166 5 2 0 0 -17 0 -86 -60 -33 :
: :
: Percent of Open Interest Represented by Each Category of Trader :
: 43.7 23.1 3.5 9.3 0.2 0.0 29.7 0.0 10.5 6.5 2.6 :
: :
: Number of Traders in Each Category Total Traders: 26 :
: 9 6 . . . 0 6 0 4 . 4 :
—————————————————————————————————————- SOYBEANGeneral Comments: Soybeans and Soybean Meal were lower last week on ideas of bearish data that is expected when USDA releases its production and WASDE reports later on Monday and Soybean Oil closed higher on some short covering. Demand news was moderate for both Soybeans and Soybean Meal last week with big sales announced on the daily system. There was more beneficial precipitation in much of the Midwest over the last week. This week should be dry and temperatures should turn cooler amid dry weather this week. Some selling came from reduced demand ideas. Reports indicate that China remains an active buyer of Soybeans in Brazil. Domestic demand has been strong in the US but has suffered as crushers were crushing for oil.Overnight News: Unknown destinations bought 300,000 tons of US Soybeans.Chart Analysis: Trends in Soybeans are mixed to down with no objectives. Support is at 980, 968, and 956 September, and resistance is at 1018, 1033, and 1047 September. Trends in Soybean Meal are mixed to down with objectives of 311.00 and 293.00 September. Support is at 310.00, 307.00, and 304.00 September, and resistance is at 330.00, 336.00, and 339.00 September. Trends in Soybean Oil are mixed. Support is at 4130, 4030, and 3970 September, with resistance at 4260, 4350, and 4510 September.COT — Supplemental Report – Option and Futures Combined Positions as of August 06, 2024
: Reportable Positions : Nonreportable
:—————————————————————————————- : Positions
: Non-Commercial : Commercial : Index Traders : Total
: Long : Short :Spreading: Long : Short : Long : Short : Long : Short : Long : Short
——————————————————————————————————————-
SOYBEANS – CHICAGO BOARD OF TRADE
CFTC Code #005602 Open Interest is 1,042,564
: Positions :
: 44,069 208,088 330,215 431,999 334,984 187,150 99,501 993,433 972,787: 49,131 69,777
: :
: Changes from: July 30, 2024 (Change in open interest: 20,559) :
: -993 -11,317 14,997 6,023 14,537 2,395 973 22,423 19,191: -1,864 1,368
: :
: Percent of Open Interest Represented by Each Category of Trader :
: 4.2 20.0 31.7 41.4 32.1 18.0 9.5 95.3 93.3: 4.7 6.7
: :
: Total Traders: 549 Number of Traders in Each Category :
: 108 157 187 184 186 47 25 456 455:COT — Supplemental Report – Option and Futures Combined Positions as of August 06, 2024
: 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 601,516
: Positions :
: 60,909 144,264 142,590 220,712 246,601 145,100 41,023 569,311 574,479: 32,205 27,037
: :
: Changes from: July 30, 2024 (Change in open interest: -6,549) :
: -5,488 9,724 -89 -3,194 -21,363 2,161 4,240 -6,611 -7,488: 62 940
: :
: Percent of Open Interest Represented by Each Category of Trader :
: 10.1 24.0 23.7 36.7 41.0 24.1 6.8 94.6 95.5: 5.4 4.5
: :
: Total Traders: 359 Number of Traders in Each Category :
: 71 99 95 117 97 41 23 290 261:
——————————————————————————————————————-COT — Supplemental Report – Option and Futures Combined Positions as of August 06, 2024
: 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 573,801
: Positions :
: 76,824 63,440 152,033 157,961 295,194 136,070 32,641 522,887 543,308: 50,913 30,493
: :
: Changes from: July 30, 2024 (Change in open interest: 8,777) :
: -1,583 -6,906 9,613 -813 9,111 -725 -2,117 6,490 9,700: 2,287 -923
: :
: Percent of Open Interest Represented by Each Category of Trader :
: 13.4 11.1 26.5 27.5 51.4 23.7 5.7 91.1 94.7: 8.9 5.3
: :
: Total Traders: 341 Number of Traders in Each Category :
: 64 81 96 118 106 38 23 279 264:
——————————————————————————————————————-CANOLA AND PALM OIL
General Comments: Palm Oil was lower last week with ideas of expanding world oilseeds production and weakness in outside markets. It was lower today on reports of weaker export demand. Reports indicate that production is rising as well. Export demand has been very strong in recent private reports but has been weaker in recent days. There is talk of increased supplies available to the market, and the trends are down on the daily charts. Canola was lower as oilseed supplies look to be ample in the coming year and as demand ideas are down. The weather has called for dry conditions in the Prairies, but growing conditions overall are good.
Overnight News:
Chart Analysis: Trends in Canola are mixed to down with no objectives. Support is at 585.00, 572.00, and 560.00 November, with resistance at 607.00, 617.00, and 627.00 November. Trends in Palm Oil are mixed. Support is at 3680, 3620, and 3560 October, with resistance at 3770, 3830, and 3880 October.Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 6, 2024
: 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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USD Malaysian Crude Palm Oil C – CHICAGO MERCANTILE EXCHANGE (CONTRACTS OF 25 METRIC TONS) :
CFTC Code #037021 Open Interest is 42,581 :
: Positions :
: 32,161 14,240 720 15,977 560 680 2,155 0 1,040 2,189 7,380 :
: :
: Changes from: July 30, 2024 :
: -2,833 -365 -160 -306 190 80 -1,490 0 280 -482 -530 :
: :
: Percent of Open Interest Represented by Each Category of Trader :
: 75.5 33.4 1.7 37.5 1.3 1.6 5.1 0.0 2.4 5.1 17.3 :
: :
: Number of Traders in Each Category Total Traders: 28 :
: 9 12 . 4 . . . 0 . 5 . :
—————————————————————————————————————-Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 6, 2024
: 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 306,828 :
: Positions :
: 243,438 110,115 3,478 15,659 605 12,105 133,061 15,688 17,234 15,962 12,599 :
: :
: Changes from: July 30, 2024 :
: 21,223 -5,486 209 -338 194 1,872 26,840 -4,887 -169 2,211 1,310 :
: :
: Percent of Open Interest Represented by Each Category of Trader :
: 79.3 35.9 1.1 5.1 0.2 3.9 43.4 5.1 5.6 5.2 4.1 :
: :
: Number of Traders in Each Category Total Traders: 350 :
: 64 73 5 7 . 12 90 24 51 85 51 :
—————————————————————————————————————-Midwest Weather Forecast Mostly dry. Temperatures should average near to below normal.Corn HRW SRW Soybeans Soybean Meal Soybean Oil
July 61 July 137 Sep
49 Sep
95 AugAugust 76 Sep 137 Sep 49 Sep 95 NovSep 82 Sep 145 Sep 48 Sep 90 NovDJ Malaysian PM Cash Market Prices for Palm Oil – Aug 12
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
Aug 912.50 -07.50 Unquoted – –
Sep 897.50 -05.00 Unquoted – –
Oct/Nov/Dec 875.00 -10.00 Unquoted – –
Jan/Feb/Mar 877.50 -10.00 Unquoted – –
Apr/May/Jun 875.00 -10.00 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Aug 915.00 -07.50 Unquoted – –
Sep 900.00 -05.00 Unquoted – –
Oct/Nov/Dec 877.50 -10.00 Unquoted – –
Jan/Feb/Mar 880.00 -10.00 Unquoted – –
Apr/May/Jun 877.50 -10.00 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Aug 930.00 -02.50 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Aug 840.00 -02.50 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Aug 3,880.00 -20.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Aug 330.00 +05.00 Unquoted – –
($1=MYR4.45)DJ China Dalian Grain Futures Closing Prices, Volume – Aug 12
Soybean No. 1
Turnover: 91,656 lots, or 4.13 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-24 4,575 4,578 4,553 4,559 4,578 4,565 -13 55,909 67,254
Nov-24 4,498 4,500 4,466 4,470 4,491 4,477 -14 5,951 19,956
Jan-25 4,436 4,440 4,388 4,390 4,432 4,407 -25 28,362 66,039
Mar-25 4,398 4,405 4,360 4,364 4,403 4,380 -23 983 5,499
May-25 4,438 4,438 4,389 4,389 4,437 4,406 -31 395 3,278
Jul-25 4,405 4,405 4,370 4,370 4,426 4,386 -40 56 316
Corn
Turnover: 692,484 lots, or 15.90 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Sep-24 2,319 2,323 2,289 2,303 2,307 2,305 -2 416,464 414,605
Nov-24 2,300 2,305 2,279 2,285 2,300 2,289 -11 153,868 455,145
Jan-25 2,281 2,286 2,256 2,260 2,279 2,266 -13 95,584 412,459
Mar-25 2,282 2,282 2,254 2,258 2,277 2,264 -13 14,736 96,817
May-25 2,315 2,321 2,290 2,293 2,317 2,298 -19 4,504 19,204
Jul-25 2,322 2,323 2,297 2,298 2,322 2,305 -17 7,328 10,388
Soymeal
Turnover: 1,743,908 lots, or 52.20 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Aug-24 – – – 2,969 2,969 2,969 0 125 20,041
Sep-24 2,997 3,005 2,943 2,981 2,978 2,980 2 775,961 750,416
Nov-24 3,034 3,043 2,989 3,027 3,023 3,023 0 128,619 475,677
Dec-24 3,066 3,070 3,020 3,049 3,057 3,050 -7 8,906 82,911
Jan-25 3,064 3,064 3,011 3,038 3,051 3,041 -10 611,392 1,172,482
Mar-25 2,973 2,976 2,934 2,953 2,968 2,957 -11 12,453 96,310
May-25 2,902 2,902 2,859 2,874 2,888 2,876 -12 188,534 826,846
Jul-25 2,908 2,912 2,873 2,888 2,903 2,892 -11 17,918 74,419
Palm Oil
Turnover: 767,853 lots, or 5.86 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Aug-24 – – – 7,784 7,784 7,784 0 0 1,032
Sep-24 7,748 7,780 7,656 7,690 7,690 7,710 20 383,101 163,735
Oct-24 7,666 7,690 7,578 7,640 7,610 7,636 26 8,056 7,964
Nov-24 7,658 7,670 7,570 7,626 7,590 7,620 30 3,078 4,062
Dec-24 7,644 7,644 7,542 7,598 7,554 7,598 44 195 384
Jan-25 7,592 7,618 7,508 7,568 7,534 7,564 30 347,192 366,076
Feb-25 7,546 7,570 7,490 7,532 7,496 7,538 42 41 380
Mar-25 7,532 7,558 7,474 7,534 7,478 7,522 44 119 3,253
Apr-25 7,490 7,530 7,460 7,518 7,456 7,486 30 49 253
May-25 7,470 7,496 7,414 7,468 7,422 7,458 36 25,970 67,467
Jun-25 7,402 7,468 7,384 7,448 7,384 7,428 44 27 82
Jul-25 7,368 7,422 7,348 7,408 7,364 7,390 26 25 36
Soybean Oil
Turnover: 517,819 lots, or 38.85 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Aug-24 – – – 7,260 7,260 7,260 0 0 3,251
Sep-24 7,526 7,546 7,456 7,480 7,502 7,494 -8 228,883 297,912
Nov-24 7,526 7,536 7,446 7,470 7,502 7,480 -22 5,478 26,351
Dec-24 7,594 7,596 7,514 7,536 7,564 7,550 -14 621 2,622
Jan-25 7,572 7,584 7,492 7,516 7,536 7,532 -4 247,320 462,761
Mar-25 7,484 7,492 7,418 7,436 7,436 7,456 20 227 3,605
May-25 7,348 7,368 7,298 7,330 7,326 7,338 12 35,186 125,860
Jul-25 7,344 7,362 7,298 7,348 7,310 7,330 20 104 313
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.More By This Author:Softs Report – Monday, August 12
Softs Report – Friday, Aug. 9
Grains Report – Thursday, Aug. 8