DJ Table Of China September Oilseed, Vegoil, Grain Imports
Table Of Imports By Grain, Oil Type And Origin
(All figures in metric tons)
Sept Change Jan-Sept Change
in Tons on Year in Tons on Year
Wheat
Total 176,951 +96.24% 963,657 -19.41%
USA 121,366 +5484% 303,906 +140.16%
Australia 55,585 +145.64% 544,251 -27.4%
Canada – -100% 115,500 -59.27%
Barley
Total 142,508 -59.14% 1,299,001 -35.35%
Australia 117,596 -23.13% 924,533 -22.38%
Argentina 16,360 – 134,428 –
France 8,551 -94.62% 183,320 -47.1%
Canada – -100% 54,718 -87.92%
Denmark – – 2,002 -77.25%
Corn
Total 181,094 -64.68% 633,893 -48.33%
USA 181,093 -63.86% 615,100 -48.37%
India 0 – 2,058 +2413.58%
Japan – – 1 -24.79%
Laos – -100% 1,583 -92.19%
South Korea – – 319 +1602.89%
China – – 60 –
Taiwan – – 20 +0.08%
Germany – – 128 +31.4%
France – – 4 +28.16%
Argentina – – 26 +341.54%
Chile – – 1 -74.71%
Peru – -100% 75 +13.64%
Myanmar – -100% 14,516 +139.5%
Rice
Total 24,791 +9.62% 488,853 +110.87%
Vietnam 15,300 +12.64% 215,600 +319.87%
Thailand 9,445 +19.49% 264,178 +50.6%
Pakistan 45 -35.71% 2,599 +811.47%
Taiwan 1 -94.94% 8 -78.59%
Laos – – 4,044 +40.61%
Myanmar – -100% 1,000 -25.37%
South Korea – – 1,423 +23719900%
Soybean
Total 4,126,676 -10.97% 37,705,275 -6.11%
Brazil 2,566,836 +14.78% 16,457,238 -1.93%
Argentina 1,088,205 -35.42% 4,189,950 -47.35%
USA 285,963 +2.34% 15,747,782 +9.66%
Uruguay 184,703 -57.4% 1,008,440 -0.41%
Canada 969 +9.23% 301,864 +543.49%
Rapeseed
Total 137,089 +18.78% 673,051 -49.88%
Canada 136,693 +18.44% 663,172 -50.6%
Mongolia 396 – 9,879 +1657.07%
Rapeseed Oil
Total 36,265 -64.63% 354,642 -48.81%
Canada 36,095 -54.58% 344,199 -46.21%
Australia 146 +0.88% 693 +332.7%
Germany 16 +1605.26% 32 -10.87%
USA 7 -35.72% 77 -96.13%
Malaysia – – 60 –
UAE – -100% 9,527 -81.15%
Japan – -100% 54 -76.4%
Rapeseed Meal
Total 68,354 -58.14% 1,162,029 +20.4%
India 34,020 +21.08% 537,180 +71.26%
Canada 33,830 -72.01% 567,038 +3.89%
Ethiopia 270 -92.37% 10,707 -60.33%
Pakistan 234 -97.82% 47,104 -40.03%
Soyoil
Total 71,315 -74.39% 851,145 -2.55%
Brazil 41,162 -79.95% 401,622 -35.25%
Argentina 30,072 – 259,925 +67.8%
India 45 – 376 –
Malaysia 21 – 21 –
South Korea 14 -88.16% 178 -89.41%
USA 1 -100% 188,946 +95.72%
China – – 50 –
Taiwan – – 4 +136.94%
Canada – – 2 -89.91%
Sweden – – 22 +134.55%
Soymeal
Total 4,052 -68.88% 160,468 +178.91%
India 2,302 -80.79% 153,643 +195.82%
USA 820 – 820 –
Taiwan 680 +21.43% 2,255 -13.93%
Denmark 250 -47.37% 3,750 +30.43%
Palm Oil
Total 573,360 +42.27% 4,166,536 +0.37%
Malaysia 450,147 +112.79% 2,780,554 +2.56%
Indonesia 122,719 -35.78% 1,374,475 -3.57%
Taiwan 494 +30% 3,631 +48.05%
Philippines – – 2,532 +25.79%
Singapore – – 258 –
Thailand – – 91 –
India – – 4,996 -50.09%
(Source: General Administration of Customs)
WHEAT
General Comments: Futures closed mixed to higher on more weather worries for the Great Plains and on hopes for a resolution to the European debt crisis. Ideas of tight supplies here of high quality Wheat and ideas that the hard Red Winter Wheat crop will struggle to get planted in a timely way as it still has not rained all that much in areas of the central and southern Great Plains. Most farmers are planting in the Great Plains, but crops will struggle. USDA will issue its first crop conditions for Winter Wheat this afternoon. Yields and quality in Spring Wheat areas were hurt earlier in the season due to excessive rains. Traders will now pay more attention to the southern Great Plains as that is where most of the Wheat is and it is too dry there. Wheat is still finding its way into feed rations as many buyers do not want to pay the high prices for Corn. Wheat will see a lot of selling on any rally attempts as USDA world data shows that there is plenty around except for here in the US. But, demand problems for the US imply that supplies will be ample despite the short production. Wheat prices will need very strong domestic demand to hold rallies together. Charts show that Wheat trends are mixed.
Overnight News: Mostly dry conditions are expected in the southern Great Plains, although showers are possible about Wednesday. Northern areas could see mostly dry conditions. Temperatures should average near to above normal in the north and near to below normal in the south. The Canadian Prairies should get mostly dry conditions. Temperatures will average near to below normal. Gulf basis levels are steady for Soft Red Winter Wheat and steady to firm for Hard Red Winter Wheat.
Chart Analysis: Trends in Chicago are mixed to up with objectives of 674 and 716 December. Support is at 632, 620, and 605 December, with resistance at 638, 640, and 650 December. Trends in Kansas City are mixed to up with objectives of 777 and 829 December. Support is at 718, 715, and 702 December, with resistance at 730, 737, and 747 December. Trends in Minneapolis are mixed to up with objectives of 1020 December. Support is at 915, 903, and 896 December, and resistance is at 926, 931, and 934 December.
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 18, 2011
: Reportable Positions
:————————————————————————-
: Producer/Merchant : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading
————————————————————————-
WHEAT – CHICAGO BOARD OF TRADE (CONTRACTS OF 5,000 BUSHELS)
CFTC Code #001602 Open Interest is 541,878
: Positions
: 72,523 164,092 177,466 15,622 36,147 54,759 92,610 58,822 15,808 28,414 86,840
: Changes from: October 11, 2011
: -1,105 -1,140 1,734 -177 369 1,114 8,661 4,897 1,643 -665 3,545
: Percent of Open Interest Represented by Each Category of Trader
: 13.4 30.3 32.8 2.9 6.7 10.1 17.1 10.9 2.9 5.2 16.0
: Number of Traders in Each Category Total Traders: 434
: 84 100 19 9 24 51 87 69 66 82 115
————————————————————————-
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 18, 2011
: Reportable Positions
:————————————————————————-
: Producer/Merchant : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading
————————————————————————-
WHEAT – KANSAS CITY BOARD OF TRADE (CONTRACTS OF 5,000 BUSHELS)
CFTC Code #001612 Open Interest is 166,640
: Positions
: 34,082 78,180 23,493 250 3,327 37,299 17,993 22,509 10,590 3,554 12,620
: Changes from: October 11, 2011
: 1,180 -378 -1,886 1 -23 2,132 1,393 163 -744 -41 -1,458
: Percent of Open Interest Represented by Each Category of Trader
: 20.5 46.9 14.1 0.2 2.0 22.4 10.8 13.5 6.4 2.1 7.6
: Number of Traders in Each Category Total Traders: 178
: 47 57 16 . 12 30 21 25 22 12 28
————————————————————————-
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 18, 2011
: Reportable Positions
:————————————————————————-
: Producer/Merchant : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading
————————————————————————-
WHEAT – MINNEAPOLIS GRAIN EXCHANGE (CONTRACTS OF 5,000 BUSHELS)
CFTC Code #001626 Open Interest is 43,229
: Positions
: 14,585 27,486 451 44 270 8,597 890 745 2,557 322 3,025
: Changes from: October 11, 2011
: 123 600 2 -22 63 332 -30 -113 -162 -34 -563
: Percent of Open Interest Represented by Each Category of Trader
: 33.7 63.6 1.0 0.1 0.6 19.9 2.1 1.7 5.9 0.7 7.0
: Number of Traders in Each Category Total Traders: 51
: 21 18 . . . 7 . . 7 . 11
————————————————————————-
RICE
General Comments Prices were higher again Friday as traders looked forward to positive economic developments out of the EU last weekend. Progress is being made there, but no announcement is anticipate now until the middle of the week. Philippines will reevaluate its import program for next year in light of recent and storms. Thailand floods have hurt Rice there and other crops as well, with the Rice Association there now estimating losses at 3.5 million tons of Paddy, and losses are expected in Cambodia as well. US weather will feature dry conditions in the Delta that should promote good harvest progress, although harvest is now about over. Second crop Rice is being harvested near the Gulf Coast. Yield reports are mixed in Arkansas, but overall the reports are not showing any big disasters or any huge yields, either. Milling yields have not been good, but have not been too bad, either. US cash markets are reported to be steady to weak in Arkansas. Cash markets in Texas and Louisiana appear steady to weak.
Overnight News: Mostly dry conditions. Temperatures will average below normal. China said Milled Rice about 700,000 tons, about unchanged from this year.
Chart Analysis: Trends are mixed. Support is at 1630, 1624, and 1618 November, with resistance at 1648, 1652, and 1659 November.
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 18, 2011
: 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 19,867
: Positions
: 6,883 11,444 2,346 0 8 2,277 1,319 366 1,244 2,354 2,962
: Changes from: October 11, 2011
: -447 -2 -19 0 -24 224 83 321 55 2 114
: Percent of Open Interest Represented by Each Category of Trader
: 34.6 57.6 11.8 0.0 0.0 11.5 6.6 1.8 6.3 11.8 14.9
: Number of Traders in Each Category Total Traders: 89
: 19 19 8 0 . 13 7 . 16 15 21
————————————————————————-
CORN AND OATS
General Comments: Corn closed higher and Oats were unchanged on strong weekly export sales for Corn seen Thursday and on hopes for a resolution to the European crisis. It does not look like the negotiations are one yet, but an announcement is still expected by the middle of the week. Farmers are almost done with the Soybeans harvest and will return to finish the Corn after he Soybeans are done. Harvest should be very active in western areas, and will become more active in the east as the fields dry down. Some yield reports are moving lower as the harvest progresses. Yields to the east of Illinois do not seem as strong, and western yields are starting to fade a little bit as the harvest there progresses. The cash market is steady, and cash market buyers have been easier to find with current prices, but sellers are not interested in selling very much. Ethanol producers were said to be the strongest bidders, and ethanol data released last week points to very strong demand from this sector for Corn. Weather forecasts point to faster progress again this week, but farmers are not selling much anyway and basis levels have been firming in the country. The lack of farmer selling has supported bull spreads.
Overnight News: Basis was steady at the Gulf of Mexico.
Chart Analysis: Trends in Corn are mixed to up with objectives of 684 and 717 December. Support is at 643, 632, and 630 December, and resistance is at 655, 666, and 669 December. Trends in Oats are mixed. Support is at 336, 334, and 330 September, and resistance is at 342, 344, and 347 December.
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 18, 2011
: Reportable Positions
:————————————————————————-
: Producer/Merchant : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading
————————————————————————-
CORN – CHICAGO BOARD OF TRADE (CONTRACTS OF 5,000 BUSHELS)
CFTC Code #002602 Open Interest is 1,921,134
: Positions
: 404,950 697,966 260,787 64,537 131,238 223,968 66,064 199,795 71,743 45,115 438,377
: Changes from: October 11, 2011
: -2,592 5,560 -3,700 -1,903 -1,197 3,827 7,240 9,736 -4,583 -11,832 -17,956
: Percent of Open Interest Represented by Each Category of Trader
: 21.1 36.3 13.6 3.4 6.8 11.7 3.4 10.4 3.7 2.3 22.8
: Number of Traders in Each Category Total Traders: 815
: 264 335 16 11 24 93 54 80 128 129 221
————————————————————————-
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 18, 2011
: 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 17,825
: Positions
: 8,882 12,336 1,872 0 0 2,261 1,837 0 387 213 1,541
: Changes from: October 11, 2011
: 149 403 -5 0 0 339 -43 0 -200 -0 -43
: Percent of Open Interest Represented by Each Category of Trader
: 49.8 69.2 10.5 0.0 0.0 12.7 10.3 0.0 2.2 1.2 8.6
: Number of Traders in Each Category Total Traders: 43
: 13 10 4 0 0 9 7 0 6 . 6
————————————————————————-
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 18, 2011
: Reportable Positions
:————————————————————————-
: Producer/Merchant : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading
————————————————————————-
CBT ETHANOL – CHICAGO BOARD OF TRADE (CONTRACTS OF 29,000 U.S. GALLONS)
CFTC Code #025601 Open Interest is 10,414
: Positions
: 7,771 7,336 107 639 207 594 52 163 299 737 681
: Changes from: October 11, 2011
: 775 298 34 -96 99 0 0 0 -132 547 -34
: Percent of Open Interest Represented by Each Category of Trader
: 74.6 70.4 1.0 6.1 2.0 5.7 0.5 1.6 2.9 7.1 6.5
: Number of Traders in Each Category Total Traders: 31
: 16 19 . . . . . . . 5 4
————————————————————————-
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 18, 2011
: Reportable Positions
:————————————————————————-
: Producer/Merchant : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading
————————————————————————-
CHICAGO ETHANOL SWAP – NEW YORK MERCANTILE EXCHANGE (CONTRACTS OF 42,000 U.S. GALLONS)
CFTC Code #025651 Open Interest is 21,420
: Positions
: 20,196 18,384 0 994 424 125 0 0 172 1,209 139
: Changes from: October 11, 2011
: 1,344 1,348 0 -5 136 -75 0 0 59 110 -70
: Percent of Open Interest Represented by Each Category of Trader
: 94.3 85.8 0.0 4.6 2.0 0.6 0.0 0.0 0.8 5.6 0.6
: Number of Traders in Each Category Total Traders: 61
: 36 41 0 . . . 0 0 . 5 4
————————————————————————-
SOYBEANS AND PRODUCTS
General Comments: Soybeans and products were lower on harvest progress and European economic worries. Poor demand as seen in the weekly export sales report hurt as well. The Soy complex was the weakest component of the grains trade all day again Friday. Farmers are starting to wrap up the Soybeans harvest and will return to finish the Corn after he Soybeans are done. Soybeans are getting harvested and yield reports have been good to very good, but farmers do not feel like selling. The lack of selling has supported bull spreads. Rains over the last couple of days have slowed progress, and more rain is possible about Tuesday. Traders are looking for demand news, and ideas are that China has been buying. However, USDA has not yet confirmed any big sales like it did for Corn last week. Basis levels are firm in the country, and farmers are not selling much. Brazil farmers are planting Soybeans in the Center West area this week. It has been too dry in center west areas, but rains were seen in the last couple of weeks, so planting is active.
Overnight News: Basis levels are steady at the gulf. Gulf Soybean Meal basis is steady.
Chart Analysis: Trends in Soybeans are mixed to down with objectives of 1198 November. Support is at 1210, 1206, and 1201 November, and resistance is at 1245, 1259, and 1278 November. Trends in Soybean Meal are mixed. Support is at 314.00, 312.00, and 306.00 December, and resistance is at 321.00, 324.00, and 327.00 December. Trends in Soybean Oil are mixed to down with objectives of 5060, 4880, and 4660 December. Support is at 5100, 5060, and 4960 December, with resistance at 5190, 5240, and 5300 December.
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 18, 2011
: Reportable Positions
:————————————————————————-
: Producer/Merchant : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading
————————————————————————-
SOYBEANS – CHICAGO BOARD OF TRADE (CONTRACTS OF 5,000 BUSHELS)
CFTC Code #005602 Open Interest is 877,888
: Positions
: 213,004 350,212 121,562 16,335 69,946 91,560 37,172 82,826 32,065 21,380 210,606
: Changes from: October 11, 2011
: -11,395 12,634 5,518 -3,445 14,181 14,638 1,080 -689 -2,914 771 -15,643
: Percent of Open Interest Represented by Each Category of Trader
: 24.3 39.9 13.8 1.9 8.0 10.4 4.2 9.4 3.7 2.4 24.0
: Number of Traders in Each Category Total Traders: 557
: 121 164 21 7 25 77 49 74 102 108 176
————————————————————————-
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 18, 2011
: Reportable Positions
:————————————————————————-
: Producer/Merchant : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading
————————————————————————-
SOYBEAN OIL – CHICAGO BOARD OF TRADE (CONTRACTS OF 60,000 POUNDS)
CFTC Code #007601 Open Interest is 371,213
: Positions
: 119,363 176,303 71,331 72 19,110 44,484 45,554 26,873 12,805 18,084 50,771
: Changes from: October 11, 2011
: -4,434 4,975 4,635 -1,581 857 -533 -6,927 821 -2,920 -56 -2,697
: Percent of Open Interest Represented by Each Category of Trader
: 32.2 47.5 19.2 0.0 5.1 12.0 12.3 7.2 3.4 4.9 13.7
: Number of Traders in Each Category Total Traders: 258
: 53 61 17 . 14 34 45 26 36 35 52
————————————————————————-
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of October 18, 2011
: Reportable Positions
:————————————————————————-
: Producer/Merchant : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading
————————————————————————-
SOYBEAN MEAL – CHICAGO BOARD OF TRADE (CONTRACTS OF 100 TONS)
CFTC Code #026603 Open Interest is 215,558
: Positions
: 94,797 92,485 15,134 2,052 2,525 23,266 35,632 19,142 5,594 11,519 19,443
: Changes from: October 11, 2011
: 5,117 -1,403 -678 191 -568 -1,315 823 -1,177 -986 632 29
: Percent of Open Interest Represented by Each Category of Trader
: 44.0 42.9 7.0 1.0 1.2 10.8 16.5 8.9 2.6 5.3 9.0
: Number of Traders in Each Category Total Traders: 200
: 66 58 12 . 7 22 40 17 20 18 29
————————————————————————-
CANOLA AND PALM OIL
General Comments: Canola was lower along with Chicago and on ideas of less demand. Light selling from producers and elevators provided the best reasons to buy. Elevator selling got bigger near the close. Processors and exporters were the best buyers, but showed less interest as Chicago prices moved lower. Processors are less interested anyway due to relatively poor crush margins. Palm Oil was higher today on ideas that Europe is starting to take steps to resolve the crisis there. A strong Purchasing Managers index in China helped as well. Ideas of lower production in Malaysia supported the market.
Overnight News:
Chart Analysis: Trends in Canola are mixed to down with objectives of 514.00 and 482.00 November. Support is at 518.00, 511.00, and 505.00 November, with resistance at 533.00, 539.00, and 542.00 November. Trends in Palm Oil are mixed. Support is at 2850, 2820, and 2810 January, with resistance at 2930, 2950, and 2995 January.
DJ Canadian Oilseed Processors Association Weekly Crush
WINNIPEG (Dow Jones)-The Canadian Oilseed Processors Association
reported the Canadian oilseed crush for the week ended October 19, 2011,
as follows:
Figures are in metric tons. R-denotes revision.
Cumulative Cumulative
Week 2011/12 2010/11 2011/12 2010/11
Ended Canola (Aug/Jul) Sybns (Aug/Jul)
Oct 19 115,338 1,275,569 1,267,745 28,717 267,793 294,735
Oct 12 124,337 1,160,231 1,136,371 27,748 239,076 267,093
Oct 05 121,185 1,035,894 1,012,418 17,685 211,328 237,560
Sep 28 120,713 914,709 898,528 17,849 193,643 213,387
Sep 21 131,994 793,996 801,729 25,205 175,794 184,452
Crush Capacity Utilization
This Week Year-to-Date Year Ago
Canola 78.6% 77.6% 64.1%
Soybeans 64.1% 53.3% 58.7%
Midwest Weather: Mostly dry, but a few showers are possible Tuesday or Wednesday. Temperatures will average above normal early in the week and below normal late in the week.
Questions Ask Jack Scoville today at 312-264-4322
