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DJ CBOT Delivery Intentions: Totals – Dec 15
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL December Dec 16, 2020 57 Dec 14, 2020
CORN December Dec 16, 2020 69 Dec 07, 2020
KC HRW WHEAT December Dec 16, 2020 6 Dec 14, 2020
WHEAT December Dec 16, 2020 20 Dec 14, 2020
This content was published based on data and/or text from the original source. For feedback, write to csstat@dowjones.com.

DJ USDA Grain Inspections for Export in Metric Tons – Dec 14
COUNTRY OF DESTINATION IS REPORTED AS KNOWN AT THE TIME OF EXPORTATION.
INFORMATION CONTAINED IN THIS REPORT REFLECTS EXPORTED GRAIN INSPECTED AND
WEIGHED THROUGH THE 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 DEC 10, 2020
— METRIC TONS —
————————————————————————-
CURRENT PREVIOUS
——— WEEK ENDING ———- MARKET YEAR MARKET YEAR
GRAIN 12/10/2020 12/03/2020 12/12/2019 TO DATE TO DATE
BARLEY 0 1,397 846 17,751 16,760
CORN 886,938 753,005 699,697 11,932,864 7,241,338
FLAXSEED 0 24 0 437 196
MIXED 0 0 0 0 0
OATS 998 0 798 2,393 2,295
RYE 0 0 0 0 0
SORGHUM 197,844 73,503 77,564 1,724,370 708,524
SOYBEANS 2,368,781 2,585,571 1,317,564 32,077,326 18,692,102
SUNFLOWER 0 0 0 0 0
WHEAT 261,164 536,881 512,778 13,733,327 13,567,944
Total 3,715,725 3,950,381 2,609,247 59,488,468 40,229,159
————————————————————————
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.

DJ Analysts’ Estimates for December USDA Cattle-On-Feed Report
The following estimates, as compiled by the Wall Street Journal for the nation’s feedyards with a capacity of 1,000 or more head, are in percentages of the year-earlier figure. High and low projections were dropped in the calculation of averages. The U.S. Department of Agriculture report is scheduled for release at 3 p.m. ET (1900 GMT) Friday.
Average Range
of estimates of estimates
On-feed Dec 1 100.0 99.1- 100.8
Placed in Nov 91.5 85.5- 95.2
Marketed in Nov 98.1 97.6- 102.3
Analyst On-Feed Placements Marketed
Dec 1 in Nov in Nov
Allegiant Commodity Group 99.4 87.4 98.0
Allendale Inc. 100.6 95.2 98.2
HedgersEdge 99.1 85.5 98.3
Linn Group 100.0 94.6 102.3
Livestock Mktg Info Ctr 100.4 93.1 97.7
NFC Markets 99.7 89.6 98.2
Texas A&M Extension 100.8 95.0 97.6
U.S. Commodities 99.6 89.0 98.0
Write to Donna Huneke at DJSurvey@dowjones.com

WHEAT
General Comments: Winter Wheat markets were lower in reaction to news that the Russian government is looking to tame food inflation inside the country by taxes of $30.00 per ton on Wheat along with taxes on some other agricultural products. Ideas were that the taxes would do little to raise world prices but would affect domestic Russian prices. Speculators were the best sellers after being buyers last week. US prices moved very close to international prices and US markets searched for new demand. Export demand has started to improve slightly with the close price relationships although they are still not huge. World prices have held steady or worked a little higher even with additional supplies available to the market as Russian prices remain elevated. Australian supplies have increased as its harvest is moving forward. US weather is mixed with still dry conditions in the western Great Plains. Some precipitation was reported in the eastern Great Plains and in parts of the Midwest. Parts of eastern Ukraine and southern Russia remain dry.
Overnight News: The southern Great Plains should get mostly dry conditions. Temperatures should be below normal. Northern areas should see mostly dry conditions or isolated showers. Temperatures will be below normal. The Canadian Prairies should see isolated showers. Temperatures should average below normal.
Chart Analysis: Trends in Chicago are mixed to up with objectives of 639 March. Support is at 592, 584, and 572 March, with resistance at 610, 622, and 623 March. Trends in Kansas City are mixed to up with objectives of 602 March. Support is at 557, 553, and 545 March, with resistance at 576, 586, and 588 March. Trends in Minneapolis are mixed. Support is at 553, 548, and 543 March, and resistance is at 565, 574, and 581 March.

RICE
General Comments: Rice was lower with speculators moving from January to March positions. Trading volumes were good yesterday, but have been less for the last couple of weeks. The cash market is slow and the lack of business is reflected in futures volumes traded. Reports indicate that domestic demand has been poor to average with better consumer demand more than offset by much less demand from schools and other institutions. USDA cut long grain export demand and increased ending stocks estimates in its supply and demand reports released on Thursday. The reports should have been bearish to prices but futures were able to rally anyway.
Overnight News: The Delta should get mostly dry conditions. Temperatures should be near to above normal.
Chart Analysis: Trends are mixed. Support is at 1231, 1221, and 1220 January, with resistance at 1250, 1252, and 1256 January.

CORN AND OATS
General Comments: Corn was near unchanged while Oats moved higher again. Corn appeared to be caught between the move higher in Soybeans and the move lower in Wheat. It has rained in parts of Argentina and in much of Brazil in the past week and more is in the forecasts for the coming two weeks. No one will see showers or rains each day, but just about everyone should get at least some precipitation over the two week period. Drought could develop in Brazil and Argentina despite the rains this week as the overall weather patterns have been dry. The current drought is especially serious in South America for the first Corn crop but the second crop could also be affected due to late planting in central and northern Brazil. Dry weather has delayed the Soybeans planting and that will delay the second Corn planting later. Farmers will not plant if it gets too late in the year as the rains will shut off before the crop gets mature.
Overnight News:
Chart Analysis: Trends in Corn are mixed. Support is at 418, 414, and 409 March, and resistance is at 428, 430, and 436 March. Trends in Oats are up with no objectives. Support is at 335, 330, and 320 March, and resistance is at 345, 348, and 351 March.

SOYBEANS AND PRODUCTS
General Comments: Soybeans and Soybean Oil closed higher and Soybean Meal closed a little lower on better rains in South America and the lack of Chinese demand for US Soybeans. China continues to buy in small amounts each day but has cancelled some contracts made to unknown destinations again in the past week. Production potential is being threatened in South America due to the lack of rainfall. The situation is most serious in central and northern Brazil, but has improved in southern Brazil and Argentina due to recent rains. These rains have moved to the north to help out producers in central and northern Brazil. Other rains are being seen in the south over the next two weeks as well. The world will need very strong production from South America to meet the projected demand. The stocks to use ration for Soybeans is now very small and the situation is the tightest projected in years. Higher Soybeans prices are likely.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed. Support is at 1168, 1152, and 1148 January, and resistance is at 1178, 1183, and 1200 January. Trends in Soybean Meal are mixed to down with objectives of 376.00 and 363.00 January. Support is at 376.00, 366.00, and 362.00 January, and resistance is at 385.00, 392.00, and 394.00 January. Trends in Soybean Oil are mixed to up with objectives of . Support is at 3850, 3790, and 3720 January, with resistance at 3900, 3920, and 3960 January.

CANOLA AND PALM OIL
General Comments: Palm Oil closed higher. The market was supported by ideas of tight supplies coming down the road. MPOB released its monthly supply and demand report and noted less production. Production of most vegetable oils in the world is less this year due to a lack of production of oilseeds. The production of Palm Oil is down in both Malaysia and Indonesia in part due to the difficulty of sourcing plantation workers due to the Coronavirus. Palm Oil prices are relatively high right now so importers are looking at importing Soybean Oil instead due to cost and quality. Canola was higher on strong demand ideas. Very strong Palm Oil prices have made buying Soybean and Canola oils the better option. Trends are up. Demand for Canola has improved in recent weeks and farm selling has been less as farmers have reduced supplies.
Overnight News:
Chart Analysis: Trends in Canola are mixed to up with objectives of 632.00 an 640.00 January. Support is at 589.00, 584.00, and 576.00 January, with resistance at 599.00, 601.00, and 604.00 January. Trends in Palm Oil are mixed to up with objectives of 3590 February. Support is at 3390, 3340, and 3300 February, with resistance at 3470, 3350, and 3530 February.

DJ Malaysia Dec. 1-15 Palm Oil Exports Rose 8.7% to 732,780 Tons, AmSpec Says
By Chester Tay
Malaysia’s palm oil exports for Dec. 1-15 are estimated to have risen 8.7% from a month earlier to 732,780 metric tons, cargo surveyor AmSpec Agri Malaysia said Tuesday.
The following are the major items in the AmSpec estimate:
(All figures in metric tons)
Dec 1-15 Nov 1-15
RBD Palm Olein 175,895 268,095
RBD Palm Oil 56,425 46,930
RBD Palm Stearin 48,450 52,830
Crude Palm Oil 191,270 152,710
Total* 732,780 673,991

Midwest Weather Forecast: Mostly dry this week and some precipitation this weekend. Temperatures should average near to above normal

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
December +65 Mar +146 Dec +92 Mar +68 Jan +15 Jan N/A
January +69 Mar +95 Mar +73 Jan
February +76 Mar +97 Mar +73 Mar

DJ ICE Canada Cash Grain Close – Dec 14
WINNIPEG – The following are the closing cash canola prices
from ICE Futures for Dec. 14, 2020.
Source: ICE Futures
CANOLA
1 Canada NCC Best Bid
Spot Price Basis Contract Change
*Par Region 561.20 -32.40 Jan 21 up 6.20
Basis: Thunder Bay 641.30 45.00 Jan 21 up 12.70
Basis: Vancouver 651.30 55.00 Jan 21 up 12.70
All prices in Canadian dollars per metric ton.
*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 – Dec 15
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Tuesday, 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
Dec 935.00 -07.50 Unquoted – –
Jan/Feb/Mar 890.00 +02.50 Unquoted – –
Apr/May/Jun 810.00 -02.50 Unquoted – –
Jul/Aug/Sep 757.50 -02.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Dec 937.50 -07.50 Unquoted – –
Jan/Feb/Mar 892.50 +02.50 Unquoted – –
Apr/May/Jun 812.50 -02.50 Unquoted – –
Jul/Aug/Sep 760.00 -02.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Dec 920.00 -10.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Dec 815.00 00.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Dec 3,680.00 00.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Dec 288.00 -04.00 Unquoted – –
($1=MYR4.053)

DJ China Dalian Grain Futures Closing Prices, Volume – Dec 15
Soybean No. 1
Turnover: 274,151 lots, or 14.44 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-21 5,296 5,351 5,175 5,249 5,415 5,264 -151 163,215 35,776
Mar-21 5,296 5,370 5,191 5,270 5,392 5,289 -103 5,019 4,028
May-21 5,295 5,320 5,201 5,249 5,341 5,266 -75 103,815 67,175
Jul-21 5,281 5,318 5,203 5,240 5,330 5,271 -59 774 3,168
Sep-21 5,264 5,296 5,165 5,197 5,307 5,220 -87 1,285 2,700
Nov-21 5,122 5,139 5,083 5,100 5,129 5,101 -28 43 86
Corn
Turnover: 676,367 lots, or 17.33 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-21 2,509 2,521 2,499 2,511 2,521 2,505 -16 67,230 196,343
Mar-21 2,549 2,555 2,530 2,539 2,555 2,536 -19 24,444 43,255
May-21 2,577 2,587 2,556 2,569 2,580 2,566 -14 460,013 1,020,148
Jul-21 2,595 2,600 2,572 2,583 2,591 2,579 -12 87,502 131,456
Sep-21 2,599 2,604 2,582 2,591 2,598 2,588 -10 32,233 162,012
Nov-21 2,550 2,551 2,535 2,547 2,549 2,543 -6 4,945 8,188
Soymeal
Turnover: 1,621,373 lots, or 5.01 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-21 3,056 3,058 3,013 3,046 3,039 3,032 -7 187,121 250,079
Mar-21 3,095 3,095 3,043 3,075 3,076 3,063 -13 49,690 30,636
May-21 3,118 3,122 3,070 3,108 3,101 3,095 -6 1,041,762 1,644,388
Jul-21 3,105 3,110 3,063 3,091 3,089 3,086 -3 179,410 59,158
Aug-21 3,157 3,163 3,117 3,142 3,146 3,144 -2 26,905 11,878
Sep-21 3,168 3,178 3,130 3,156 3,155 3,151 -4 135,382 443,464
Nov-21 3,147 3,147 3,119 3,134 3,130 3,134 4 927 1,219
Dec-21 3,161 3,161 3,120 3,124 3,130 3,130 0 176 79
Palm Oil
Turnover: 1,226,152 lots, or 83.04 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-21 6,950 6,994 6,878 6,910 6,870 6,932 62 105,106 98,227
Feb-21 7,040 7,070 6,970 7,008 6,940 7,026 86 322,201 57,718
Mar-21 6,956 6,982 6,874 6,898 6,852 6,948 96 70,778 6,573
Apr-21 6,810 6,838 6,714 6,756 6,740 6,752 12 66,638 2,313
May-21 6,650 6,686 6,544 6,580 6,544 6,610 66 653,060 306,185
Jun-21 – – – 6,458 6,458 6,458 0 0 4
Jul-21 – – – 6,282 6,282 6,282 0 0 12
Aug-21 – – – 6,256 6,256 6,256 0 0 4
Sep-21 6,180 6,266 6,130 6,150 6,104 6,168 64 8,351 20,947
Oct-21 6,136 6,144 6,118 6,118 6,068 6,132 64 6 19
Nov-21 6,114 6,128 6,068 6,068 6,064 6,108 44 6 25
Dec-21 6,066 6,068 6,066 6,068 6,064 6,066 2 6 6
Soybean Oil
Turnover: 837,494 lots, or 63.15 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-21 8,036 8,058 7,924 7,964 7,952 7,994 42 159,695 181,646
Mar-21 7,822 7,850 7,732 7,764 7,738 7,796 58 2,442 8,632
May-21 7,520 7,570 7,424 7,458 7,442 7,498 56 535,065 444,222
Jul-21 7,220 7,264 7,142 7,178 7,172 7,196 24 99,920 20,460
Aug-21 7,168 7,192 7,088 7,118 7,114 7,122 8 30,176 2,528
Sep-21 7,116 7,158 7,052 7,080 7,068 7,106 38 10,187 49,455
Nov-21 7,076 7,104 7,012 7,018 6,968 7,046 78 9 37
Dec-21 – – – 7,000 6,968 7,000 32 0 0
Notes:
1) Unit is Chinese yuan a metric ton;
2) Ch. is day’s settlement minus previous settlement;
3) Volume and open interest are in lots;
4) One lot is equivalent to 10 metric tons.

Questions? Ask Jack Scoville today at 312-264-4322
 
 
 
 

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