DJ Table Of China July Oilseed, Vegoil, Grain Imports
Table Of Imports By Grain, Oil Type And Origin
(All figures in metric tons)
Jul Change Jan-Jul Change
in Tons on Year in Tons on Year
Wheat
Total 107,830 -18.4% 658,632 -35.22%
Canada 57,750 – 115,500 -31.29%
Australia 47,014 -61.47% 424,118 -39.74%
USA 3,066 +61319680% 119,014 -4.3%
Barley
Total 144,411 +20.18% 1,074,419 -22.65%
Australia 79,766 +17.91% 725,353 -14.66%
Argentina 34,727 – 118,068 –
France 29,832 +96.34% 174,279 +22.6%
Canada 86 -99.77% 54,718 -85.54%
Denmark – -100% 2,002 -77.25%
Corn
Total 172,623 -10.92% 208,298 -26.13%
USA 172,603 -9.62% 189,741 -27.39%
Taiwan 20 – 20 +0.08%
Japan – – 1 -24.79%
Laos – -100% 1,583 -81.78%
South Korea – -100% 319 +1602.89%
China – – 60 –
Myanmar – -100% 14,516 +391.25%
Germany – – 128 +31.4%
France – -100% 4 +27.58%
Argentina 0 – 26 +341.54%
Chile – -100% 1 -74.61%
Peru – – 75 +368.75%
India – -100% 1,823 +2125.9%
Rice
Total 53,180 +171.38% 407,513 +108.11%
Thailand 27,334 +195.66% 224,691 +38.84%
Vietnam 25,799 +151.99% 174,575 +480.36%
Pakistan 48 – 2,482 +1053.64%
South Korea – – 713 +11879900%
Laos – -100% 4,044 +40.61%
Myanmar – – 1,000 +233.33%
Taiwan – – 7 -63.17%
Soybeans
Total 5,354,501 +8.04% 29,063,933 -5.51%
Brazil 3,440,434 +38.62% 10,822,115 -10.37%
Argentina 1,411,516 -36.38% 2,137,982 -52.95%
Uruguay 441,895 +114.2% 538,748 +115.47%
USA 59,361 +22.72% 15,265,149 +10.25%
Canada 1,294 +81.14% 299,938 +561.67%
Rapeseed
Total 89,424 -48.13% 411,929 -58.47%
Canada 84,004 -51.27% 403,742 -59.27%
Mongolia 5,420 – 8,187 +1356.25%
Rapeseed Oil
Total 20,607 -72.43% 291,802 -34.69%
Canada 20,559 -72.48% 281,555 -35.23%
Australia 30 – 531 +3421.75%
USA 18 +171.86% 60 -97%
Germany – -100% 16 +28.57%
Japan – -100% 54 -71.38%
Malaysia – – 60 –
UAE – – 9,527 -3.98%
Rapeseed Meal
Total 80,477 -27.55% 1,036,977 +46.8%
India 48,883 +217.31% 462,938 +74.29%
Canada 30,459 -57.8% 516,732 +42.45%
Ethiopia 702 -75.18% 10,437 -42%
Pakistan 433 -97.91% 46,870 -21.74%
Soyoil
Total 259,364 +72.11% 641,603 +57.68%
Brazil 209,536 +39.93% 282,358 +13.91%
Argentina 49,722 +9765.48% 169,781 +9.61%
India 84 – 280 –
South Korea 14 -96.77% 163 -89.31%
China 5 – 50 –
USA 2 – 188,944 +7363.61%
Taiwan 1 – 3 +54.95%
Canada – – 2 –
Sweden – – 22 +134.55%
Soymeal
Total 1,833 +134.65% 155,415 +278.85%
India 1,073 +433.41% 151,340 +308.33%
Taiwan 760 +171.43% 1,575 -19.64%
Denmark – -100% 2,500 +31.58%
Palm Oil
Total 511,794 +11.32% 2,998,358 -13.61%
Malaysia 342,712 +24.71% 1,893,632 -18.81%
Indonesia 163,319 -10.59% 1,094,449 -2.65%
India 4,996 – 4,996 -50.09%
Taiwan 608 +357.14% 2,490 +59.74%
Singapore 158 – 258 –
Philippines – -100% 2,532 +25.79%
(Source: General Administration of Customs)
WHEAT
General Comments: Futures closed higher Friday on reports of lower than expected yields for Spring Wheat. Demand is not bad for Wheat. Wheat finding its way into feed rations in an increasing way. The current Corn weather and the prices imply that these trends will continue. Weather forecasts for dry and warm weather in Texas and Oklahoma continue for the week, and more rain will be needed soon for planting of the Fall crops. Some showers are in the forecast for the Texas Panhandle for the weekend. Crops in the Northern Plains and into Canada should be in mostly good condition, and showers remain in the forecasts in both areas. However, yield reports do not appear strong for Spring Wheat so far. Charts show that the trends are turning up after the price action last week.
Overnight News: Mostly dry conditions are expected in the southern Great Plains, but central areas could see some showers and northern areas could see mostly dry conditions or light showers. Temperatures should average above to much above normal in the south, but near normal in the north. The Canadian Prairies should get mostly dry conditions. Temperatures will average near normal. Gulf basis levels are steady for Soft Red Winter Wheat and steady for Hard Red Winter Wheat. UAE has tendered for 75,000 tons of Wheat.
Chart Analysis: Trends in Chicago are mixed. Support is at 701, 690, and 677 September, with resistance at 733, 739, and 767 September. Trends in Kansas City are mixed. Support is at 791, 789, and 762 September, with resistance at 832, 851, and 868 September. Trends in Minneapolis are up with objectives of 1036 September. Support is at 938, 932, and 923 September, and resistance is at 958, 970, and 976 September.
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 16, 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 547,399
: Positions
: 53,238 183,444 186,918 11,508 39,889 65,455 68,254 56,069 12,634 33,159 90,247
: Changes from: August 9, 2011
: -1,104 10,151 3,749 1,216 3,268 4,622 -5,260 23 -789 2,140 2,699
: Percent of Open Interest Represented by Each Category of Trader
: 9.7 33.5 34.1 2.1 7.3 12.0 12.5 10.2 2.3 6.1 16.5
: Number of Traders in Each Category Total Traders: 410
: 73 100 19 7 24 55 66 65 62 79 114
————————————————————————————————————–
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 16, 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 180,185
: Positions
: 36,748 108,715 29,579 526 2,690 43,039 5,503 17,534 13,659 4,966 13,807
: Changes from: August 9, 2011
: -183 4,678 -1,103 4 1,248 -766 -3,784 -359 890 32 1,100
: Percent of Open Interest Represented by Each Category of Trader
: 20.4 60.3 16.4 0.3 1.5 23.9 3.1 9.7 7.6 2.8 7.7
: Number of Traders in Each Category Total Traders: 186
: 54 69 14 . 8 34 13 26 25 15 33
————————————————————————————————————–
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 16, 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 51,610
: Positions
: 19,070 30,874 1,298 0 404 7,971 806 2,710 3,398 1,391 4,516
: Changes from: August 9, 2011
: -2,379 -826 39 0 7 -541 -166 -867 352 590 -273
: Percent of Open Interest Represented by Each Category of Trader
: 36.9 59.8 2.5 0.0 0.8 15.4 1.6 5.3 6.6 2.7 8.7
: Number of Traders in Each Category Total Traders: 69
: 28 23 6 0 . 8 4 6 12 5 13
————————————————————————————————————–
RICE
General Comments: Prices were lower again Friday in what appeared to be liquidation trading. The market remains concerned about the quality and yields potential for the Rice crop here this year. The temperatures have moderated in the Mid South, but the region is still not getting a lot of rain, although there has been some. Texas and Louisiana are in harvest, with good yields being reported in both states. Cash markets are reported to be steady in Arkansas. New crop bids have also been steady. Cash markets in Texas and Louisiana appear steady to firm. Futures remain well above cash prices. Trends are generally up on the charts, but turned mixed for the short term with the price action last week.
Overnight News: Some showers are possible in Mid South and Delta areas off and on this week. Temperatures will average near to above normal.
Chart Analysis: Trends are mixed. Support is at 1669, 1657, and 1644 September, and resistance is at 1680, 1700, and 1710 September.
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 16, 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 20,289
: Positions
: 4,072 13,275 3,256 0 3 2,947 610 573 1,478 1,589 2,903
: Changes from: August 9, 2011
: 35 659 -37 -174 -5 168 45 55 -6 -44 229
: Percent of Open Interest Represented by Each Category of Trader
: 20.1 65.4 16.0 0.0 0.0 14.5 3.0 2.8 7.3 7.8 14.3
: Number of Traders in Each Category Total Traders: 91
: 17 18 8 0 . 18 4 4 15 17 21
————————————————————————————————————–
CORN AND OATS
General Comments: Corn and Oats were higher on crop production concerns. Increasing ideas of crop losses continued to provide overall support, and it was another dry weekend in much of the Midwest. There is increasing talk of yield loss due to the rapid progress of the crop. Corn losses are certain this year from the hot and dry weather seen in July, but no one is sure just how big the losses will be. Traders will get some indications from the Pro Farmer Crop Tour this week. Forecasts call for near normal temperatures and some beneficial precipitation for most areas over the next week or two to help keep yields from falling further. Better weather now would help improve yield potential, but some losses are still expected. The question now is just how big those losses are. Oats are being harvested, so warmer and drier weather will enhance progress. However, condition ratings are still down.
Overnight News: Basis was weaker at the Gulf of Mexico.
Chart Analysis: Trends in Corn are mixed. Support is at 693, 688, and 684 September, and resistance is at 715, 721, and 729 September. Trends in Oats are mixed. Support is at 343, 338, and 336 September, and resistance is at 352, 356, and 360 September.
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 16, 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 1,971,299
: Positions
: 308,390 756,860 276,855 52,430 144,926 309,280 23,302 224,629 82,361 57,085 427,571
: Changes from: August 9, 2011
: -8,882 11,859 -1,856 2,872 -3,403 22,482 -2,654 18,812 414 8,964 38,480
: Percent of Open Interest Represented by Each Category of Trader
: 15.6 38.4 14.0 2.7 7.4 15.7 1.2 11.4 4.2 2.9 21.7
: Number of Traders in Each Category Total Traders: 898
: 270 383 14 15 26 135 24 86 130 144 217
————————————————————————————————————–
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 16, 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 14,869
: Positions
: 5,152 10,345 2,251 0 0 2,252 851 0 456 254 1,741
: Changes from: August 9, 2011
: -183 216 38 0 -4 10 3 0 -68 -0 -96
: Percent of Open Interest Represented by Each Category of Trader
: 34.6 69.6 15.1 0.0 0.0 15.1 5.7 0.0 3.1 1.7 11.7
: Number of Traders in Each Category Total Traders: 42
: 11 12 6 0 0 8 4 0 8 . 5
————————————————————————————————————–
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 16, 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 9,636
: Positions
: 7,295 6,928 0 838 245 587 0 46 430 838 400
: Changes from: August 9, 2011
: 89 376 -34 -165 -11 -36 0 34 -37 -129 167
: Percent of Open Interest Represented by Each Category of Trader
: 75.7 71.9 0.0 8.7 2.5 6.1 0.0 0.5 4.5 8.7 4.2
: Number of Traders in Each Category Total Traders: 41
: 18 23 0 4 . 5 0 . 5 . .
————————————————————————————————————–
SOYBEANS AND PRODUCTS
General Comments: Soybeans and products were higher on production concerns. Overall Midwest weather is mixed for Soybeans development and production potential. Wetter weather in the northern and central Midwest last weekend has aided in crop development, and better conditions are noted now in the south. However, about a third of the region missed out on any meaningful precipitation at all, so there are still problems out there. Weather forecasts still offer hopes for improved growing conditions in the Midwest with temperatures closer to normal and some showers and storms in most areas today and this weekend, but there is still no soaking rain for the entire region. The Pro Farmer Crop Tour is this week and wil offer traders some indication of the overall size of the crop. Charts show that trends are mixed.
Overnight News: Basis levels are steady at the gulf. Gulf Soybean Meal basis is steady.
Chart Analysis: Trends in Soybeans are mixed. Support is at 1336, 1327, and 1320 September, and resistance is at 1369, 1375, and 1386 September. Trends in Soybean Meal are mixed. Support is at 349.00, 348.00, and 345.00 September, and resistance is at 358.00, 365.00, and 368.00 September. Trends in Soybean Oil are mixed. Support is at 5460, 5400, and 5370 September, with resistance at 5640, 5740, and 5820 September.
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 16, 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 708,542
: Positions
: 147,196 320,431 132,582 16,024 31,860 105,473 25,362 57,434 28,754 29,611 148,859
: Changes from: August 9, 2011
: -11,123 11,764 76 1,493 526 10,139 -5,785 -1,550 2,104 -1,457 -665
: Percent of Open Interest Represented by Each Category of Trader
: 20.8 45.2 18.7 2.3 4.5 14.9 3.6 8.1 4.1 4.2 21.0
: Number of Traders in Each Category Total Traders: 571
: 101 178 20 8 25 92 36 69 103 108 159
————————————————————————————————————–
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 16, 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 330,263
: Positions
: 107,909 168,573 65,847 1,722 13,960 40,430 39,913 20,741 16,176 18,497 38,040
: Changes from: August 9, 2011
: -2,503 -514 -1,856 203 167 221 -2,804 1,812 -1,751 -393 -1,824
: Percent of Open Interest Represented by Each Category of Trader
: 32.7 51.0 19.9 0.5 4.2 12.2 12.1 6.3 4.9 5.6 11.5
: Number of Traders in Each Category Total Traders: 246
: 57 61 16 . 14 34 41 25 24 41 48
————————————————————————————————————–
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 16, 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 190,169
: Positions
: 67,453 104,840 15,726 5,102 1,026 37,509 13,542 12,420 2,554 9,166 21,008
: Changes from: August 9, 2011
: 1,336 -4,905 -1,595 853 119 -3,384 567 847 -1,134 1,169 4,285
: Percent of Open Interest Represented by Each Category of Trader
: 35.5 55.1 8.3 2.7 0.5 19.7 7.1 6.5 1.3 4.8 11.0
: Number of Traders in Each Category Total Traders: 184
: 50 53 11 . 9 44 14 16 18 20 35
————————————————————————————————————–
CANOLA AND PALM OIL
General Comments: Canola was higher on Chicago. Reports of good domestic processor demand continue. Speculators were the best traders on both sides, but it was a light volume trade. Reports of cold weather in Alberta provided the main support. Some selling was seen as traders anticipate a big harvest soon and as export demand seems slow. Crusher demand is said to be more active. Cash movement by farmers is reported slow this week as the farmers prepare for the new crop harvest. Most crops appear to be in good condition. Palm Oil was higher today on strong export demand. SGS said that exports so far this month are 1.171 million tons, from 1.028 million last month. ITK estimated exports at 1.170 million tons, from 1.021 million last month. China imported 511,794 tons of Palm Oil in July, up 11% from last year. It has now imported 3.0 million tons for the calendar year, down 14% from last year.
Overnight News:
Chart Analysis: Trends in Canola are mixed. Support is at 551.00, 546.00, and 532.00 November, with resistance at 557.00, 560.00, and 565.00 November. Trends in Palm Oil are mixed. Support is at 2990, 2960, and 2895 November, with resistance at 3050, 3065, and 3085 November.
DJ Canadian Oilseed Processors Association Weekly Crush – Aug 19
WINNIPEG (Dow Jones)–The Canadian Oilseed Processors Association
reported the Canadian oilseed crush for the week ended August 17, 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)
Aug 17 110,379 275,550 272,513 26,568 62,956 69,391
Aug 10 115,028 165,171 182,337 25,926 36,388 46,829
Aug 03* 116,911 50,143 N/A 27,307 10,462 N/A
*During the week, August 1-3 was in 2011/12 crop year while July
28-31 was in 2010/11 crop year.
Cumulative Cumulative
Week 2010/11 2009/10 2010/11 2009/10
Ended Canola (Aug/Jul) Sybns (Aug/Jul)
Jul 27 126,144 5,923,078 4,593,985 28,783 1,328,402 1,279,593
Jul 20 120,754 5,796,934 4,477,036 20,817 1,299,619 1,252,490
Midwest Weather: Showers over the middle of the week. Temperatures will average near normal.
Questions? Ask Jack Scoville today at 312-264-4322
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