DJ CBOT Delivery Intentions: Totals – Sep 6
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL September Sep. 07, 2011 110 Aug 24, 2011
SOYBEAN OIL September Sep. 07, 2011 1173 Sep 02, 2011
ROUGH RICE September Sep. 07, 2011 47 Aug 31, 2011
SOYBEAN September Sep. 07, 2011 241 Sep 1, 2011
WHEAT September Sep. 07, 2011 92 Aug 31, 2011
MINI-SIZED SOYBEAN September Sep. 07, 2011 5 Aug 17, 2011
DJ KCBT Wheat Delivery Intentions Breakdown – Sep 6
Intentions Reintentions
Intention Date: Sep 6, 2011 KC 0 0
Delivery Date: Sep 7, 2011 Hutchinson 0 5
Oldest long date: Aug 31, 2011 Salina/Abilene 0 218
Wichita 0 2
Totals 0 225
MGEX Spring Wheat Deliveries for Sept 6
The Minneapolis Grain Exchange reported the following deliveries
against SEPT spring wheat futures. (in contracts)
OLDEST LONG DATE FOR—SPRING WHEAT FUTURES: 8/25/11
DELIVERED DULUTH/SUPERIOR
TOTAL ORIGINAL DELIVERY: 0
TOTAL RE-DELIVERY:
Notes: REG=House Account. SEG=Customer Account, RDEL=Re-delivery,
ORIG=Original delivery, N/A=not available.
WHEAT
General Comments: Futures closed higher Friday. 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 the 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. Russian grains and Wheat prices are turning stronger amid a very active export pace and this will take some of the price pressure off the US futures and cash markets. Reports from Europe indicate that Germany has lost some production this year due to excessive rains in the last several weeks, and exports from Europe will probably be less. Canadian production appears to be very good. Charts show that the trends are turning down for 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 mixed to down with objectives of 730 and 687 December. Support is at 751, 747, and 731 December, with resistance at 747, 761, and 779 December. Trends in Kansas City are mixed. Support is at 854, 847, and 836 December, with resistance at 877, 881, and 899 December. Trends in Minneapolis are mixed. Support is at 922, 897, and 885 December, and resistance is at 950, 957, and 975 December.
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 30, 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 491,397
: Positions
: 41,129 184,791 185,504 14,377 30,519 66,875 53,218 43,740 13,419 31,037 71,920
: Changes from: August 23, 2011
: -9,443 -4,283 -3,449 3,674 -7,132 -1,994 -11,272 -11,693 756 -3,304 -23,232
: Percent of Open Interest Represented by Each Category of Trader
: 8.4 37.6 37.8 2.9 6.2 13.6 10.8 8.9 2.7 6.3 14.6
: Number of Traders in Each Category Total Traders: 400
: 69 92 19 7 23 57 58 59 57 78 109
————————————————————————————————————–
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 30, 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 169,808
: Positions
: 29,777 106,389 24,971 0 1,541 49,625 2,421 16,886 13,234 6,620 11,162
: Changes from: August 23, 2011
: -7,018 -4,207 -2,154 -528 -1,087 3,043 -3,479 1,655 -1,327 1,319 -2,009
: Percent of Open Interest Represented by Each Category of Trader
: 17.5 62.7 14.7 0.0 0.9 29.2 1.4 9.9 7.8 3.9 6.6
: Number of Traders in Each Category Total Traders: 194
: 43 68 15 0 7 40 8 32 20 19 31
————————————————————————————————————–
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 30, 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 44,369
: Positions
: 12,863 27,452 863 0 306 8,426 271 1,337 3,228 600 3,849
: Changes from: August 23, 2011
: -3,509 -2,425 -181 0 43 515 -152 -518 165 -75 -1,031
: Percent of Open Interest Represented by Each Category of Trader
: 29.0 61.9 1.9 0.0 0.7 19.0 0.6 3.0 7.3 1.4 8.7
: Number of Traders in Each Category Total Traders: 59
: 23 19 5 0 . 8 . . 9 4 11
————————————————————————————————————–
RICE
General Comments: Prices were higher again Friday on speculative buying related to ideas or poor yields in Arkansas. Futures traded over 1800 November before late profit taking pushed futures below this level for the second day at the close. Initial yield reports have been variable in Arkansas, with some reporting good yields and others reporting poor or very poor yields. Yield reports remain good along the Gulf Coast, but have slipped as farmers move to later planted Rice. Milling yields have not been good as harvest progresses. Domestic buyers are waiting for the Arkansas harvest to start, and this should start this or next week. 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. Trends are up.
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. South Korea bought 42,722 tons of non glutinous Rice including 19,725 tons from the US. Thailand said production this year could be 25.1 million tons of Paddy despite floods and storms earlier in the growing season.
Chart Analysis: Trends are up with objectives of 1859 and 1954 November. Support is at 1814, 1765, and 1751 November, and resistance is at 1822, 1836, and 1842 November.
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 30, 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 20,486
: Positions
: 3,961 13,676 3,307 0 0 3,344 610 873 1,430 1,637 2,675
: Changes from: August 23, 2011
: -234 419 -61 0 0 314 0 114 316 -8 -422
: Percent of Open Interest Represented by Each Category of Trader
: 19.3 66.8 16.1 0.0 0.0 16.3 3.0 4.3 7.0 8.0 13.1
: Number of Traders in Each Category Total Traders: 102
: 19 18 8 0 0 20 4 6 21 15 23
————————————————————————————————————–
CORN AND OATS
General Comments: Corn and Oats were higher Friday. Ideas that the cash market is short brought some speculative buying into the market. However, the cash market has been 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 more rain would make conditions better and keep yields from sliding further. Some rains fell in Iowa and Illinois yesterday, and more is forecast for this weekend. The rains could help with kernel fill, but not much else anymore. Corn losses are certain this year from the hot and dry weather seen in July and the poor Spring weather that hurt planting. 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. Oats are being harvested, so warmer and drier weather will enhance progress.
Overnight News: Basis was weaker at the Gulf of Mexico. Lanworth estimated US Corn production at 12.022 billion bushels with yields of 143.3 bushels per acre.
Chart Analysis: Trends in Corn are mixed to down with no objectives. Support is at 738, 734, and 725 December, and resistance is at 767, 779, and 786 December. Trends in Oats are mixed to down with no objectives. Support is at 361, 359, and 349 September, and resistance is at 372, 380, and 383 December.
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 30, 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 1,965,600
: Positions
: 290,599 777,046 295,909 62,056 111,692 354,770 27,454 199,807 88,804 62,797 428,972
: Changes from: August 23, 2011
: -18,122 11,338 13,180 7,367 -42,739 39,290 93 -31,347 3,189 6,479 -14,306
: Percent of Open Interest Represented by Each Category of Trader
: 14.8 39.5 15.1 3.2 5.7 18.0 1.4 10.2 4.5 3.2 21.8
: Number of Traders in Each Category Total Traders: 948
: 240 391 16 12 26 143 28 83 138 161 236
————————————————————————————————————–
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 30, 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 15,541
: Positions
: 5,819 12,465 2,256 0 0 2,676 357 0 474 149 1,427
: Changes from: August 23, 2011
: 102 1,108 2 0 0 45 -386 0 -138 -105 -362
: Percent of Open Interest Represented by Each Category of Trader
: 37.4 80.2 14.5 0.0 0.0 17.2 2.3 0.0 3.0 1.0 9.2
: Number of Traders in Each Category Total Traders: 43
: 10 12 6 0 0 12 . 0 6 4 6
————————————————————————————————————–
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 30, 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 10,324
: Positions
: 7,870 7,199 6 1,006 78 628 0 131 315 844 670
: Changes from: August 23, 2011
: 226 91 6 186 -82 -24 0 47 -69 -154 144
: Percent of Open Interest Represented by Each Category of Trader
: 76.2 69.7 0.1 9.7 0.8 6.1 0.0 1.3 3.1 8.2 6.5
: Number of Traders in Each Category Total Traders: 37
: 20 22 . . . 4 0 . . . .
————————————————————————————————————–
SOYBEANS AND PRODUCTS
General Comments: Soybeans and products were higher on Friday. Overall Midwest weather is mixed for Soybeans development and production potential. Some rains were reported in Iowa and Illinois last night. Weather forecasts still offer more hopes for improved growing conditions in the Midwest with temperatures closer to normal and some showers and storms this weekend, but there is still no soaking rain for the entire region. 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 turning mixed for the short term.
Overnight News: Basis levels are steady at the gulf. Gulf Soybean Meal basis is steady. FC Stone estimated US Soybeans production at 2.969 billion bushels with yields of 40.00 bushels per acre.
Chart Analysis: Trends in Soybeans are mixed. Support is at 1432, 1426, and 1410 November, and resistance is at 1452, 1465, and 1472 November. Trends in Soybean Meal are mixed. Support is at 375.00, 372.00, and 368.00 October, and resistance is at 382.00, 385.00, and 392.00 October. Trends in Soybean Oil are mixed. Support is at 5750, 5660, and 5625 October, with resistance at 5810, 5880, and 5935 October.
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 30, 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 819,218
: Positions
: 98,441 391,490 136,178 19,869 33,299 186,082 7,520 72,415 37,667 32,260 181,657
: Changes from: August 23, 2011
: -21,953 36,660 1,011 1,802 534 42,108 -4,804 8,047 8,533 1,267 22,380
: Percent of Open Interest Represented by Each Category of Trader
: 12.0 47.8 16.6 2.4 4.1 22.7 0.9 8.8 4.6 3.9 22.2
: Number of Traders in Each Category Total Traders: 638
: 97 182 19 7 22 135 19 73 103 131 179
————————————————————————————————————–
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 30, 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 323,377
: Positions
: 74,894 187,605 62,588 2,200 13,502 57,301 12,346 21,283 15,783 17,802 44,031
: Changes from: August 23, 2011
: -22,764 17,056 -2,313 643 -1,364 14,973 -17,232 -1,402 -668 -1,608 3,437
: Percent of Open Interest Represented by Each Category of Trader
: 23.2 58.0 19.4 0.7 4.2 17.7 3.8 6.6 4.9 5.5 13.6
: Number of Traders in Each Category Total Traders: 257
: 54 59 15 . 13 55 20 24 36 35 62
————————————————————————————————————–
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of August 30, 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 230,772
: Positions
: 56,652 137,385 18,298 5,144 1,121 63,027 10,755 16,950 4,405 8,937 28,028
: Changes from: August 23, 2011
: -4,302 15,949 2,076 -98 -273 11,849 -1,719 3,421 1,401 -329 4,732
: Percent of Open Interest Represented by Each Category of Trader
: 24.5 59.5 7.9 2.2 0.5 27.3 4.7 7.3 1.9 3.9 12.1
: Number of Traders in Each Category Total Traders: 215
: 52 62 9 . 6 59 12 18 19 18 44
————————————————————————————————————–
CANOLA AND PALM OIL
General Comments: Canola was a little lower on price action in Chicago and on ideas of increased deliveries from farmers. Producers and elevators were the best buyers. There is some talk of small yields in parts of Manitoba, but overall production ideas are big for the Prairies despite the variable yield results so far in Manitoba. Saskatchewan is moving fast on its harvest and is ahead of average now. Alberta will get very cold this weekend, but Canola should not be much affected as most is swathed. Reports of warm and 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 lower today. SGS estimated August exports at `.620 million tons, from 1.628 million in July. ITK estimated exports at 1.622 million tons, from 1.633 million in July.
Overnight News:
Chart Analysis: Trends in Canola are mixed. Support is at 574.00, 570.00, and 566.00 November, with resistance at 580.00, 584.00, and 589.00 November. Trends in Palm Oil are mixed. Support is at 3035, 2990, and 2960 November, with resistance at 3070, 3090, and 3140 November.
DJ Canadian Oilseed Processors Association Weekly Crush – Sep 2
WINNIPEG (Dow Jones)–The Canadian Oilseed Processors Association
reported the Canadian oilseed crush for the week ended August 31, 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 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.
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