DJ CBOT Delivery Intentions: Totals – Sep 12
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN OIL September Sep. 13, 2011 798 Sep 09, 2011
ROUGH RICE September Sep. 13, 2011 6 Sep 08, 2011
SOYBEAN September Sep. 13, 2011 606 Sep 09, 2011
MINI-SIZED SOYBEAN September Sep. 13, 2011 5 Sep 09, 2011
DJ KCBT Wheat Delivery Intentions Breakdown – Sep 12
Intentions Reintentions
Intention Date: Sep 12, 2011 KC 0 0
Delivery Date: Sep 13, 2011 Hutchinson 0 0
Oldest long date: Sep 6, 2011 Salina/Abilene 0 4
Wichita 0 0
Totals 0 4
MGEX Spring Wheat Deliveries for Sept 12
The Minneapolis Grain Exchange reported the following deliveries
against SEPT spring wheat futures. (in contracts)
OLDEST LONG DATE FOR—SPRING WHEAT FUTURES: 8/29/11
DELIVERED DULUTH/SUPERIOR 0
TOTAL ORIGINAL DELIVERY: 0
TOTAL RE-DELIVERY: 0
Notes: REG=House Account. SEG=Customer Account, RDEL=Re-delivery,
ORIG=Original delivery, N/A=not available.
09/12 07:30 CDT September 12 U.S. soy, wheat, corn highlights – USDA
September 12 (Reuters) – The U.S. Agriculture Department issued the
following key U.S. crop information in its monthly world supply-and-demand
report.
The data includes last month’s forecast for comparison.
SOYBEANS
(Million bushels, except where noted)
2009/10 2010/11 2011/12 Projections
Actual Estimate Aug Sept
SOYBEANS
Planted (mln acre) 77.5 77.4 75.0 75.0
Harvested (mln acre) 76.4 76.6 73.8 73.8
Yield/acre (bu) 44.0 43.5 41.4 41.8
Production 3,359 3,329 3,056 3,085
Crushings 1,752 1,650 1,635 1,635
Exports 1,499 1,495 1,400 1,415
Ending stocks 151 225 155 165
SOYBEAN OIL (mln lbs)
Production 19,615 19,075 18,670 18,670
Exports 3,359 3,200 1,650 1,800
Ending stocks 3,406 2,841 1,971 2,146
SOYBEAN MEAL (thou short tons)
Production 41,707 39,658 38,885 38,835
Exports 11,160 9,050 8,550 8,550
Ending stocks 302 350 300 300
WHEAT
Planted (mln acre) 59.2 53.6 55.2 55.2
Harvested (mln acre) 49.9 47.6 45.9 45.9
Yield/acre (bu) 44.5 46.4 45.2 45.2
Production (mln bu) 2,218 2,208 2,077 2,077
Exports (mln bu) 879 1,289 1,100 1,025
Ending stocks (mln bu) 976 861 671 761
WHEAT BY CLASS
(mln bushels)
Year beginning Hard Hard Soft
June 1 Winter Spring Red White Durum Total
2011/12
Production 794 475 452 298 57 2,077
Exports 440 260 125 180 20 1,025
Ending stocks Sept 272 158 197 106 28 761
Aug 222 143 197 96 13 671
CORN
(Million bushels, except where noted)
2009/10 2010/11 2011/12 Projections
Actual Estimate Aug Sept
Planted (mln acre) 86.4 88.2 92.3 92.3
Harvested (mln acre) 79.5 81.4 84.4 84.4
Yield/acre (bu) 164.7 152.8 153.0 148.1
Production 13,092 12,447 12,914 12,497
Exports 1,980 1,835 1,750 1,650
Ending stocks 1,708 920 714 672
U.S. ETHANOL PRODUCTION
Ethanol for Fuel 4,591 5,020 5,100 5,000
U.S. SOY OIL FOR BIODIESEL
Methyl Ester 1,680 2,400 3,500 3,600
09/12 07:40 CDT September 12 World grain highlights – USDA
WASHINGTON, September 12 (Reuters) – World grain production will total
2,267.69 million tonnes in the 2011/12 crop year, up from a previous forecast
of 2,264.66 million, the U.S. Agriculture Department said on Monday.
World output for 2011/12 would include 678.12 million tonnes of wheat,
1,131.20 million of coarse (feed) grains and 458.38 million of rice.
Oilseeds were estimated at 452.98 million tonnes.
The following are highlights from USDA’s latest monthly World Agricultural
Supply and Demand report, with the previous month’s estimate for comparison:
WORLD SUPPLY AND DEMAND ESTIMATES
2011/12 2010/11
Sept Aug Sept Aug
WHEAT (mln tonnes)
Australia Crop 25.00 25.00 26.00 26.00
Australia Exports 17.00 17.00 17.50 17.50
Argentina Crop 13.50 13.50 15.00 15.00
Argentina Exports 7.50 7.50 9.00 9.00
EU Crop 135.79 133.49 135.61 135.61
EU Exports 16.00 15.00 22.60 22.50
Canada Crop 24.00 21.50 23.17 23.17
Canada Exports 17.00 15.00 16.50 16.80
China Crop 117.00 117.00 115.18 115.18
China Imports 1.00 1.00 0.94 0.93
FSU Crop 107.45 106.62 80.97 80.97
FSU Exports 33.21 33.21 14.61 14.39
SOYBEANS (mln tonnes)
Brazil Crop 73.50 73.50 75.50 75.50
Brazil Exports 36.50 36.50 29.88 29.90
Brazil Imports 0.05 0.05 0.03 0.03
Argentina Crop 53.00 53.00 49.00 49.00
Argentina Exports 11.80 11.80 8.50 8.50
China Imports 56.50 56.50 52.00 52.00
SOYOIL (mln tonnes)
China Imports 1.60 1.60 1.55 1.50
SOYMEAL (mln tonnes)
China Imports 0.30 0.30 0.30 0.30
CORN (mln tonnes)
Argentina Crop 27.50 26.00 22.00 22.00
Argentina Exports 19.50 18.50 14.50 14.50
S.Africa Crop 12.50 12.50 12.00 12.00
S.Africa Exports 2.00 2.00 2.50 2.50
China Crop 178.00 178.00 173.00 173.00
China Exports 0.20 0.20 0.10 0.10
China Imports 2.00 2.00 1.30 1.50
COTTON (mln bales)
China Crop 34.00 33.00 30.50 30.50
China End Stocks 14.05 13.57 11.60 11.62
China Exports 0.05 0.05 0.12 0.13
China Imports 14.50 15.00 11.98 12.00
India Crop 27.00 27.00 25.40 25.40
DJ SURVEY: USDA September Corn, Soybean Production Report
The following are analysts’ estimates in billions of bushels for 2011 U.S. corn
and soybean production based on conditions as of September 1, as compiled by
Dow Jones Newswires.
The U.S. Department of Agriculture is scheduled to release updated production
at 8:30 a.m. EDT Monday. Parentheses denote the number ofestimates in that
average and range.
August 2010
Average Range USDA Production
Corn (24) 12.505 11.913-12.913 12.914 12.447
Soybeans (24) 3.025 2.924-3.085 3.056 3.329
Yield August 2010
Average Range USDA Yield
Corn (24) 148.8 145.0-153.0 153.0 152.8
Soybeans (24) 41.0 40.0-41.8 41.4 43.5
Corn Corn Soy Soy
Production Yield Production Yield
ABN Amro 12.660 150.0 3.025 41.0
ADM Inv Services 12.432 148.0 2.985 40.5
AgriSource 12.475 148.0 3.045 41.5
Agrivisor 12.717 150.7 3.049 41.3
Allendale 12.466 147.7 3.007 40.7
Citigroup 12.616 150.0 3.030 40.8
Cropcast/MDA 11.913 145.2 2.924 40.3
Doane 12.468 148.5 3.000 41.0
Farm Futures 12.264 146.0 3.031 41.1
INTL FCStone 12.350 146.3 3.030 41.05
Global Comm Analytics 12.517 148.3 3.022 41.0
*Informa 12.711 151.0 3.061 41.5
Jefferies Bache 12.591 149.2 3.048 41.3
Kropf and Love 12.585 150.0 3.005 41.0
Linn Group 12.391 149.1 2.997 41.0
Macquarie Bank 12.499 148.8 3.085 41.8
North Am Risk Mgmt 12.550 148.9 3.022 40.9
Newedge 12.521 148.4 3.035 41.1
PFG Best 12.600 151.5 3.010 40.9
Prime Ag 12.913 153.0 3.056 41.4
Pro Farmer 12.484 147.9 3.083 41.8
Risk Mgmt Comm 12.238 145.0 2.972 40.0
RJ O’Brien 12.500 148.1 3.019 40.9
U.S. Commodities 12.652 150.8 3.048 41.3
*From Trade Sources
DJ SURVEY: US Grain, Soybean Carryout
CHICAGO (Dow Jones)–The following are analysts’ estimates in billions of
bushels for U.S. grain and soybean ending stocks for 2010-11 and 2011-12, as
compiled by Dow Jones Newswires. The U.S. Department of Agriculture is
scheduled to release updated supply and demand estimates at 8:30 a.m. EDT Monday.
Parentheses denote the number of estimates in that average and range.
2010-11
Aug 2009-10
Average Range USDA USDA
Corn (12) 0.974 0.929-1.080 0.940 1.708
Soybeans (12) 0.232 0.223-0.240 0.230 0.151
Corn Soybeans
ABN Amro 1.080 0.230
ADM Investor Services 1.005 0.236
Allendale 0.929 0.232
Citigroup 0.967 0.230
Doane Advisory Services 0.955 0.230
Farm Futures 0.933 0.225
Jefferies Bache 0.965 0.230
Macquarie Bank 0.982 0.234
Newedge 0.940 0.230
North America Risk Mgmt 0.940 0.240
RJ O’Brien 0.952 0.240
U.S. Commodities 1.045 0.223
2011-12
Aug
Average Range USDA
Corn (19) 0.636 0.497-0.757 0.714
Soybeans (19) 0.152 0.110-0.188 0.155
Wheat (17) 0.667 0.628-0.705 0.671
Corn Soybeans Wheat
ABN Amro 0.725 0.165 0.650
ADM Investor Services 0.702 0.165 0.639
AgriSource 0.580 0.165 0.650
AgriVisor 0.747 0.174 0.695
Allendale 0.570 0.124 0.663
Citigroup 0.593 0.140 0.705
Doane Advisory Services 0.553 0.150 0.651
Farm Futures 0.500 0.130 0.673
Global Commodity Analytics 0.497 0.144 0.631
Jefferies Bache 0.526 0.150 0.651
Kropf & Love 0.700 0.150 0.669
Macquarie Bank 0.676 0.188 0.628
Newedge 0.625 0.165 0.694
North America Risk Management 0.650 0.157 0.701
PFG Best 0.660 0.140 0.665
Prime Ag 0.714 0.160 0.671
RJ O’Brien 0.636 0.146 0.703
Risk Management Commodities 0.675 0.110 n/a
U.S. Commodities 0.757 0.171 n/a
WE VIEW THE USDA REPORTS AS NEGATIVE TO PRICES OVERALL. CALLS SHOULD BE 5 TO 10 LOWER FOR BOTH CORN AND SOYBEANS. WHEAT COULD OPEN A LITTLE HIGHER, RICE CALLS ARE MIXED FOR THE OPEN. USDA CUT PRODUCTION AND DEMAND FOR CORN AND INCREASED ENDING STOCKS. USDA ESTIMATED PRODUCTION FOR SOYBEANS IN LINE WITH TRADE EXPECTATIONS, BUT CUT DEMAND. WHEAT DEMAND WAS INCREASED. RICE DATA IS NEGATIVE FOR ALL RICE, BUT BULLISH FOR LONG GRAIN RICE.
WHEAT
General Comments: Futures closed higher Friday in response to selling seen in most markets and a higher US Dollar. 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 in areas of the central and southern Great Plains continue, and these ideas supported buying after the lower start. Yields and quality in Spring Wheat areas was hurt earlier in the season due to excessive rains in the north. Wheat is still finding its way into feed rations as many buyers do not want to pay the high prices for Corn. The current Corn prices imply that these trends will continue. Weather forecasts for dry and warm weather in Texas and Oklahoma continue for the next week, and more rain will be needed soon for planting of the Fall crops. Charts show that the trends are down for at least the short term.
Overnight News: Mostly dry conditions or light showers are expected in the southern Great Plains, and northern areas could see mostly dry conditions or light showers. Temperatures should average near normal in the south, but near to below normal in the north. The Canadian Prairies should get mostly dry conditions or light showers. Temperatures will average near normal. Gulf basis levels are steady for Soft Red Winter Wheat and steady for Hard Red Winter Wheat.
Chart Analysis: Trends in Chicago are down with objectives of 687 December. Support is at 720, 708, and 706 December, with resistance at 746, 750, and 758 December. Trends in Kansas City are down with no objectives. Support is at 821, 816, and 802 December, with resistance at 843, 847, and 854 December. Trends in Minneapolis are down with objectives of 893 and 864 December. Support is at 897, 885, and 878 December, and resistance is at 922, 950, and 957 December.
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 6, 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 482,921
: Positions
: 39,702 179,973 182,247 15,192 32,404 63,846 50,351 47,924 14,370 30,200 68,120
: Changes from: August 30, 2011
: -1,427 -4,818 -3,257 815 1,884 -3,029 -2,866 4,184 951 -837 -3,799
: Percent of Open Interest Represented by Each Category of Trader
: 8.2 37.3 37.7 3.1 6.7 13.2 10.4 9.9 3.0 6.3 14.1
: Number of Traders in Each Category Total Traders: 401
: 72 92 19 9 24 55 61 61 58 81 107
————————————————————————————————————–
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 6, 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 160,051
: Positions
: 25,966 103,724 25,416 0 1,724 49,986 2,385 15,378 13,347 5,819 7,471
: Changes from: August 30, 2011
: -3,811 -2,665 444 0 183 361 -36 -1,508 114 -801 -3,691
: Percent of Open Interest Represented by Each Category of Trader
: 16.2 64.8 15.9 0.0 1.1 31.2 1.5 9.6 8.3 3.6 4.7
: Number of Traders in Each Category Total Traders: 186
: 39 67 16 0 8 42 7 25 16 20 26
————————————————————————————————————–
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 6, 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 43,040
: Positions
: 11,507 25,607 706 0 270 8,857 245 1,277 3,367 552 3,913
: Changes from: August 30, 2011
: -1,355 -1,845 -158 0 -36 431 -26 -60 139 -47 64
: Percent of Open Interest Represented by Each Category of Trader
: 26.7 59.5 1.6 0.0 0.6 20.6 0.6 3.0 7.8 1.3 9.1
: Number of Traders in Each Category Total Traders: 58
: 23 16 4 0 . 8 . . 11 . 12
————————————————————————————————————–
RICE
General Comments: Prices were at or near limit up as US growing conditions and yields remain bad. Traders were anticipating a sharp reduction in production and also in ending stocks estimates after the August Rice Stocks report. Disappointing yields were heard in Texas and in Arkansas yesterday. The harvest continues to move north, although many producers near the Gulf Coast still have quite a bit of second crop Rice to harvest. Initial yield reports are poor in Arkansas. Yield reports are getting worse along the Gulf Coast as farmers move to later planted Rice. Milling yields have not been good as harvest progresses. Asian prices have been mixed so far this week. US 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. The reports this morning are mixed. All Rice data can be considered negative as medium and short grain data was not price positive, but the long grain data is bullish.
Overnight News: Some showers are possible in Mid South and Delta areas off and on through this weekend, but mostly dry. Temperatures will average near to above normal.
Chart Analysis: Trends are mixed. Support is at 1765, 1751, and 1720 November, and resistance is at 1836, 1842, and 1852 November.
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 6, 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 19,086
: Positions
: 3,507 13,396 3,413 0 0 4,276 1,196 0 1,507 1,945 1,391
: Changes from: August 30, 2011
: -454 -280 106 0 0 932 586 -873 77 308 -1,284
: Percent of Open Interest Represented by Each Category of Trader
: 18.4 70.2 17.9 0.0 0.0 22.4 6.3 0.0 7.9 10.2 7.3
: Number of Traders in Each Category Total Traders: 96
: 16 16 9 0 0 23 5 0 20 16 18
————————————————————————————————————–
CORN AND OATS
General Comments: Corn was mostly higher and Oats were lower Friday as traders got ready for the USDA reports today. The cash market remains soft, and cash market buyers have been hard to find with current prices. There is still talk of more yield loss due to the rapid progress of the crop, but initial reports from southern parts of the Midwest appear to be higher than expected. Any rains now will probably be too late to help Corn all that much. Corn losses are certain this year from the hot and dry weather seen in July and the poor Spring weather that hurt planting. However, the trade has now come out with some very low estimates that do not appear too likely to come to pass. End users are increasingly looking to Wheat or other substitute grains in place of Corn due to the high price of Corn. The export sales pace has also been behind last year. Basis levels are weak in the country as the elevators prepare for the harvest. Oats are being harvested, so warmer and drier weather will enhance progress.
Overnight News: Basis was steady at the Gulf of Mexico.
Chart Analysis: Trends in Corn are mixed to down with objectives of 717 and 690 December. Support is at 730, 725, and 706 December, and resistance is at 744, 747, and 761 December. Trends in Oats are down with objectives of 343 and 325 December. Support is at 345, 342, and 334 September, and resistance is at 359, 361, and 366 December.
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 6, 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 1,961,734
: Positions
: 295,951 783,554 294,883 61,818 113,234 357,940 26,590 199,174 86,867 64,507 421,453
: Changes from: August 30, 2011
: 5,352 6,508 -1,026 -238 1,542 3,169 -863 -633 -1,938 1,710 -7,519
: Percent of Open Interest Represented by Each Category of Trader
: 15.1 39.9 15.0 3.2 5.8 18.2 1.4 10.2 4.4 3.3 21.5
: Number of Traders in Each Category Total Traders: 914
: 234 377 17 12 25 142 29 83 126 166 213
————————————————————————————————————–
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 6, 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 15,354
: Positions
: 5,447 12,251 2,223 0 0 2,952 527 0 486 123 1,462
: Changes from: August 30, 2011
: -373 -214 -33 0 0 276 170 0 12 -26 35
: Percent of Open Interest Represented by Each Category of Trader
: 35.5 79.8 14.5 0.0 0.0 19.2 3.4 0.0 3.2 0.8 9.5
: Number of Traders in Each Category Total Traders: 43
: 8 12 6 0 0 11 . 0 7 . 6
————————————————————————————————————–
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 6, 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 10,514
: Positions
: 8,047 7,445 1 999 105 738 0 148 314 865 649
: Changes from: August 30, 2011
: 177 246 -5 -7 27 110 0 17 -1 21 -21
: Percent of Open Interest Represented by Each Category of Trader
: 76.5 70.8 0.0 9.5 1.0 7.0 0.0 1.4 3.0 8.2 6.2
: Number of Traders in Each Category Total Traders: 36
: 20 21 . . . . 0 . . . .
————————————————————————————————————–
SOYBEANS AND PRODUCTS
General Comments: Soybeans and products were higher Friday as traders anticipated bullish USDA reorts today. Overall Midwest weather is mixed for Soybeans development and production potential. Weather forecasts still offer more hopes for improved growing conditions in the Midwest with temperatures now below normal and some showers this weekend. Farmers report that rains are needed very soon to avoid any more yield loss. It is still pod setting and pod filling time, and moisture needs are high. Soybeans have had better weather in August than Corn got in July, but still need additional rains. Demand is not strong at this time for US Soybeans, and basis levels are dropping. Charts show that trends are mostly down for the short term.
Overnight News: Basis levels are steady to weak at the gulf. Gulf Soybean Meal basis is steady. China cancelled purchases of 240,000 tons of US Soybeans.
Chart Analysis: Trends in Soybeans are mixed to down with objectives of 1402 and 1370 November. Support is at 1410, 1408, and 1405 November, and resistance is at 1435, 1448, and 1452 November. Trends in Soybean Meal are mixed to down with objectives of 366.00 and 356.00 October. Support is at 367.00, 360.00, and 354.00 October, and resistance is at 372.00, 375.00, and 382.00 October. Trends in Soybean Oil are mixed. Support is at 5770, 5680, and 5660 October, with resistance at 5880, 5955, and 6010 October.
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 6, 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 832,778
: Positions
: 111,887 403,680 137,325 19,493 33,987 182,113 8,022 74,778 37,603 31,485 181,029
: Changes from: August 30, 2011
: 13,446 12,190 1,147 -376 688 -3,969 502 2,363 -64 -775 -628
: Percent of Open Interest Represented by Each Category of Trader
: 13.4 48.5 16.5 2.3 4.1 21.9 1.0 9.0 4.5 3.8 21.7
: Number of Traders in Each Category Total Traders: 629
: 100 187 19 7 22 129 22 71 111 118 175
————————————————————————————————————–
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 6, 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 324,762
: Positions
: 77,656 189,888 61,309 3,217 13,859 61,258 11,597 22,773 15,337 21,114 37,622
: Changes from: August 30, 2011
: 2,763 2,284 -1,279 1,017 356 3,958 -749 1,490 -446 3,312 -6,409
: Percent of Open Interest Represented by Each Category of Trader
: 23.9 58.5 18.9 1.0 4.3 18.9 3.6 7.0 4.7 6.5 11.6
: Number of Traders in Each Category Total Traders: 255
: 53 60 15 . 14 67 13 23 27 46 53
————————————————————————————————————–
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of September 6, 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 233,972
: Positions
: 56,925 146,440 19,806 5,826 1,019 71,011 11,457 16,552 6,059 8,048 22,597
: Changes from: August 30, 2011
: 273 9,056 1,508 682 -103 7,983 702 -398 1,654 -888 -5,431
: Percent of Open Interest Represented by Each Category of Trader
: 24.3 62.6 8.5 2.5 0.4 30.3 4.9 7.1 2.6 3.4 9.7
: Number of Traders in Each Category Total Traders: 212
: 54 59 11 . 6 63 13 20 26 13 34
————————————————————————————————————–
CANOLA AND PALM OIL
General Comments: Canola was higher on price strength in US Soybeans and commercial buying. Ideas of increased deliveries from farmers were also negative and hurt November on spreads. Producers and elevators were the best buyers. Reports of dry weather supported ideas of big harvest progress. Some selling was seen as export demand seems slow. Cash movement by farmers is reported slow this week as the farmers are with the new crop harvest and not interested in selling. Most crops appear to be in good condition. Palm Oil was higher again today. Ideas it was too cheap to Soybean Oil provided some support. Workers were not so active during the month, but exports are only expected to be flat from last month as demand holds stable.
Overnight News:
Chart Analysis: Trends in Canola are mixed to down with objectives of 564.00 and 554.00 November. Support is at 566.00, 560.00, and 557.00 November, with resistance at 580.00, 584.00, and 589.00 November. Trends in Palm Oil are mixed. Support is at 3035, 3015, and 2990 November, with resistance at 3070, 3090, and 3140 November.
DJ Canadian Oilseed Processors Association Weekly Crush – Sep 9
WINNIPEG (Dow Jones)–The Canadian Oilseed Processors Association
reported the Canadian oilseed crush for the week ended September 7, 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)
Sep 07 111,669 546,818 587,415 22,472 128,199 132,011
Aug 31 73,560 435,149 469,128 19,611 105,727 102,732
Aug 24 86,039 361,589 360,761 23,160 86,116 84,318
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
Midwest Weather: Mostly dry, but there will be periods of showers and storms over the weekend. Temperatures will average near normal.
Questions? Ask Jack Scoville today at 312-264-4322
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