DJ CBOT Delivery Intentions: Totals – May 5
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL May May. 06, 2014 19 Apr 07, 2014
SOYBEAN OIL May May. 06, 2014 356 Apr 30, 2014
ROUGH RICE May May. 06, 2014 34 Apr 25, 2014
CORN May May. 06, 2014 4 Feb 05, 2014
KC HRW WHEAT May May. 06, 2014 135 Mar 26, 2014
OATS May May. 06, 2014 20 Apr 28, 2014
WHEAT May May. 06, 2014 143 Apr 30, 2014
DJ Canadian Grain, Oilseed Stocks As Of March 31, 2014 – StatsCan
WINNIPEG–The following is the Statistics Canada grain and
oilseed stocks in all positions report.
Figures are as of March 31, 2014, in thousand metric tons.
Source: Statistics Canada.
On Farms Commercial Total
Mar 31 Mar 31 Mar 31 Mar 31 Mar 31 Mar 31
2013/14 2012/13 2013/14 2012/13 2013/14 2012/13
All wheat 17,330 10,046 3,921 4,423 21,251 14,469
Durum wheat 3,175 1,903 729 1,054 3,904 2,957
Oats 2,095 1,134 193 297 2,288 1,431
Barley 4,010 2,693 336 351 4,346 3,044
All rye 62 99 18 32 80 131
Flaxseed 305 209 64 89 369 298
Canola 7,844 3,227 1,174 1,302 9,018 4,529
Corn 6,000 4,955 1,998 1,822 7,998 6,777
Soybeans 815 872 429 568 1,244 1,440
Dry peas 1,235 988 169 294 1,404 1,282
Mustard n/a 80 n/a 25 n/a 105
Sunflower 18 45 7 8 25 53
Lentils 528 947 120 157 648 1,104
Canary seed 26 60 13 25 39 85
Chick peas n/a 86 n/a 11 n/a 97
Source: Commodity News Service Canada (cnscanada@shaw.ca, or 204-
414-9084)
DJ Informa Raises Forecast For Brazil Soybean Output, Traders Say
By Tony C. Dreibus
CHICAGO–Informa Economics increased its outlook for soybean production in Brazil, according to traders.
Output in the country, the world’s biggest exporter, will total 87.4 million metric tons, private forecaster Informa said in a note to clients Friday. That is up 650,000 tons from the company’s previous forecast. The South American country’s harvest has finished in most regions and is ahead of schedule in areas where growers are still collecting their soybeans.
“Soybean harvest is complete or essentially complete in all states except Rio Grande do Sul and Bahia,” Informa said in Friday’s report, according to traders. “Overall, the pace of the 2013 soybean harvest has been about one week ahead of average.”
Soybean production in Argentina is forecast at 54 million tons, down 500,000 tons from its prior estimate, Informa said, according to traders.
Brazil’s corn crop is pegged at 70.5 million metric tons, down 1 million tons from the last forecast, while Argentina’s production is forecast at 23.3 million tons, 300,000 tons more than the prior forecast, according to Informa’s report, the traders said.
The U.S. Department of Agriculture will probably project winter wheat production at 1.496 billion bushels in a report next Friday, Informa said.
That is 38 million bushels below last year and 120 million bushels below the forecaster’s last estimate, according to traders.
WHEAT
General Comments: Wheat closed higher as dry weather continued o haunt the Great Plains. Pictures from the Kansas tour last week highlighted the lack of moisture and the urgent need for rain in the drought areas. Support came from forecasts for little, if any, beneficial rain will be seen in the Great Plains through the week. It remains very dry in western section of the Great Plains from Kansas to the south, and these areas comprise the bulk of the HRW crop. Forecasts also call for very warm temperatures to appear in the western Great Plains this week that could stress the crops trying to make it in the drought areas. Ideas are that USDA can show more crop deterioration in its updates tonight. Ukraine remains a feature for the market, but exports are flowing with no problems. Most northern hemisphere Wheat crops appear to be in good condition, with the area with the most problems located in the central and southern US Great Plains.
Overnight News: The southern Great Plains should see mostly dry weather early in the week and showers later in the week. Temperatures should average above normal. Northern areas should get showers and storms late in the week. Temperatures should average near normal. The Canadian Prairies should get light precipitation this week in southern areas, otherwise will be dry. Temperatures will be near to below normal.
Chart Analysis: Trends in Chicago are mixed. Support is at 697, 689, and 684 July, with resistance at 725, 731, and 740 July. Trends in Kansas City are up with objectives of 865 July. Support is at 816, 811, and 792 July, with resistance at 840, 846, and 852 July. Trends in Minneapolis are up with no objectives. Support is at 761, 756, and 751 July, and resistance is at 779, 782, and 785 July.
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of April 29, 2014
: Reportable Positions
:————————————————————————————————————-
: Producer/Merchant : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading
————————————————————————————————————–
WHEAT-SRW – CHICAGO BOARD OF TRADE (CONTRACTS OF 5,000 BUSHELS)
CFTC Code #001602 Open Interest is 465,439
: Positions
: 49,209 170,491 106,800 9,381 24,181 97,338 54,748 42,438 22,811 28,433 88,588
: Changes from: April 22, 2014
: -8,672 6,126 979 -777 -7,918 11,137 -4,364 -6,940 -1,508 1,733 -40,515
: Percent of Open Interest Represented by Each Category of Trader
: 10.6 36.6 22.9 2.0 5.2 20.9 11.8 9.1 4.9 6.1 19.0
: Number of Traders in Each Category Total Traders: 357
: 62 92 16 8 17 58 48 54 43 77 85
————————————————————————————————————–
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of April 29, 2014
: Reportable Positions
:————————————————————————————————————-
: Producer/Merchant : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading
————————————————————————————————————–
WHEAT-HRW – CHICAGO BOARD OF TRADE (CONTRACTS OF 5,000 BUSHELS)
CFTC Code #001612 Open Interest is 155,482
: Positions
: 28,296 82,372 34,879 817 2,935 43,927 8,389 6,582 7,897 15,019 13,707
: Changes from: April 22, 2014
: -846 2,197 803 -473 -1,154 1,846 1,823 -932 -149 415 -1,208
: Percent of Open Interest Represented by Each Category of Trader
: 18.2 53.0 22.4 0.5 1.9 28.3 5.4 4.2 5.1 9.7 8.8
: Number of Traders in Each Category Total Traders: 178
: 38 55 17 . 4 35 11 8 15 33 28
————————————————————————————————————–
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of April 29, 2014
: Reportable Positions
:————————————————————————————————————-
: Producer/Merchant : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading
————————————————————————————————————–
WHEAT-HRSpring – MINNEAPOLIS GRAIN EXCHANGE (CONTRACTS OF 5,000 BUSHELS)
CFTC Code #001626 Open Interest is 72,771
: Positions
: 23,016 44,483 4,166 74 2,037 11,857 1,638 849 10,539 4,528 2,946
: Changes from: April 22, 2014
: -1,947 -1,169 248 58 -568 -278 165 505 296 118 -874
: Percent of Open Interest Represented by Each Category of Trader
: 31.6 61.1 5.7 0.1 2.8 16.3 2.3 1.2 14.5 6.2 4.0
: Number of Traders in Each Category Total Traders: 89
: 30 31 5 . . 14 . 5 21 6 11
————————————————————————————————————–
RICE
General Comments: Futures closed a little lower after another quiet session. It was a choppy session for much of the day. Farmers are offering at higher prices, and bids are improving but finding little interest. Most producers remain focused on planting and not on marketing crops. New crop prices shown by mills are not that good for producers as they are covering the cost of production but little more in many instances. Planting progress will be light through the weekend in the northern Delta. Producers along the Gulf Coast are done with planting and are seeing some rains, but Mississippi remains behind. Domestic cash markets are quiet. Asian long grain prices are steady to firm.
Overnight News: Mostly dry early this week, showers and storms late in the week. Temperatures will average mostly above normal this week.
Chart Analysis: Trends are mixed. Support is at 1538, 1534, and 1520 July, with resistance at 1562, 1565, and 1570 July.
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of April 29, 2014
: 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 8,549
: Positions
: 3,258 5,893 1,076 180 0 567 701 0 779 55 458
: Changes from: April 22, 2014
: -222 -98 11 0 -10 -53 24 0 -57 -50 -438
: Percent of Open Interest Represented by Each Category of Trader
: 38.1 68.9 12.6 2.1 0.0 6.6 8.2 0.0 9.1 0.6 5.4
: Number of Traders in Each Category Total Traders: 44
: 17 17 4 . 0 5 . 0 8 . 4
————————————————————————————————————–
CORN AND OATS
General Comments: Both markets closed lower on fund selling and as weather forecasts for planting in the Midwest started to improve. There will be some potential for fieldwork to get done and for crops to be planted on time as drier weather is likely this week. Farmers should be active with fieldwork again in areas to the south of Chicago. Farmers to the north were active with preparations, and could start planting early this week. The Delta and Southeast should remain drier and planting should be very active. US producers will work hard to get as much of the crop planted by the middle of May as possible, but need drier weather to get the job done on time. However, planting beyond the middle of May might not be that detrimental this year as El Nino is expected to arrive by the middle of the Summer. El Nino often produces a cooler and wetter Summer for the Midwest. It is likely that Corn planted area can expand from the USDA estimates due to current higher prices and if the weather stays relatively good so that planting can proceed.
Overnight News:
Chart Analysis: Trends in Corn are mixed to down with objectives of 492 July. Support is at 499, 491, and 487 July, and resistance is at 506, 513, and 515 July. Trends in Oats are mixed to down with objectives of 32 and 326 July. Support is at 342, 336, and 332 July, and resistance is at 353, 361, and 370 July.
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of April 29, 2014
: 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 1,769,753
: Positions
: 364,715 815,114 275,335 5,758 82,510 320,744 56,353 173,537 120,116 49,088 279,540
: Changes from: April 22, 2014
: -22,110 7,402 -1,389 2,369 -6,174 27,026 -731 -20,035 -220 -1,787 -65,839
: Percent of Open Interest Represented by Each Category of Trader
: 20.6 46.1 15.6 0.3 4.7 18.1 3.2 9.8 6.8 2.8 15.8
: Number of Traders in Each Category Total Traders: 791
: 281 369 19 6 18 94 42 71 100 110 149
————————————————————————————————————–
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of April 29, 2014
: 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 8,210
: Positions
: 2,308 5,601 1,045 0 0 622 0 0 829 438 1,164
: Changes from: April 22, 2014
: -503 -202 1 0 -2 0 0 0 0 -59 -477
: Percent of Open Interest Represented by Each Category of Trader
: 28.1 68.2 12.7 0.0 0.0 7.6 0.0 0.0 10.1 5.3 14.2
: Number of Traders in Each Category Total Traders: 31
: 8 10 4 0 0 5 0 0 8 . 7
————————————————————————————————————–
SOYBEANS AND PRODUCTS
General Comments: Soybeans closed mixed on tight supplies and as weather forecasts showed improvement for the weekend and next week. The US weekly export sales report showed net cancellations for Soybeans for the first time, and the news added to the selling interest of the funds. More reports of Soybeans moving to the US from Brazil were seen. It looks to be a drier weekend and a drier week next week for the Midwest. The improved weather forecast will hopefully become a trend. The US needs some warmer and drier weather to get the Corn and Soybeans planted now, and the forecasts show improved weather is possible for a period this week. It will also turn warmer and this will allow for better drying of soils and more rapid planting of both crops. Speculators overall remain very long Soybeans and Soybean Meal on ideas of tight supplies here in the Midwest.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed. Support is at 1460, 1451, and 1444 May, and resistance is at 1474, 1490, and 1502 May. Trends in Soybean Meal are mixed. Support is at 473.00, 467.00, and 462.00 July, and resistance is at 485.00, 489.00, and 494.00 July. Trends in Soybean Oil are down with objectives of 4035 July. Support is at 4100, 4090, and 4060 July, with resistance at 4160, 4200, and 4250 July.
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of April 29, 2014
: 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 788,198
: Positions
: 163,252 375,316 97,857 5,562 22,033 195,362 26,486 55,511 47,229 41,910 147,042
: Changes from: April 22, 2014
: -26,594 -17,357 2,273 -2,792 -12,512 540 -3,187 -21,406 139 -3,409 -54,179
: Percent of Open Interest Represented by Each Category of Trader
: 20.7 47.6 12.4 0.7 2.8 24.8 3.4 7.0 6.0 5.3 18.7
: Number of Traders in Each Category Total Traders: 593
: 122 189 19 . 15 118 36 74 87 119 133
————————————————————————————————————–
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of April 29, 2014
: 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 340,784
: Positions
: 83,070 191,668 64,523 1,371 3,674 69,725 35,002 19,686 26,045 23,114 38,446
: Changes from: April 22, 2014
: -11,489 -13,130 385 -428 -2,177 2,943 -2,046 -6,577 -4,216 2,194 -10,306
: Percent of Open Interest Represented by Each Category of Trader
: 24.4 56.2 18.9 0.4 1.1 20.5 10.3 5.8 7.6 6.8 11.3
: Number of Traders in Each Category Total Traders: 266
: 63 68 16 4 8 47 32 27 38 37 42
————————————————————————————————————–
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of April 29, 2014
: 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 375,804
: Positions
: 91,725 207,268 38,765 11,680 14,367 95,654 20,451 9,664 21,687 31,765 51,136
: Changes from: April 22, 2014
: 1,132 4,740 346 1,766 -7,304 465 -1,445 -4,334 1,994 -19 -4,944
: Percent of Open Interest Represented by Each Category of Trader
: 24.4 55.2 10.3 3.1 3.8 25.5 5.4 2.6 5.8 8.5 13.6
: Number of Traders in Each Category Total Traders: 281
: 75 86 15 6 15 68 17 21 22 49 40
————————————————————————————————————–
CANOLA AND PALM OIL
General Comments: Canola was higher. Cold weather is hurting planting progress and provided a reason to buy. There were reports of increased farm selling this week. Farmers remain frustrated by the logistical problems in Canada and Prairies farmers will plant less of all crops. Bad planting conditions are not helping progress. Trends are mixed on the charts. Commercials appear to be hand to mouth buyers as farmers have been more active with sales. Palm Oil was lower in response to price action in Chicago. Export demand was positive for the month and should help Support prices on Friday. Ideas are that export data will continue strong in the short term as demand for Ramadan increases. The weather features showers in Malaysia and showers and storms in Indonesia.
Overnight News:
Chart Analysis: Trends in Canola are mixed. Support is at 472.50, 469.00, and 463.50 July, with resistance at 483.50, 486.00, and 493.00 July. Trends in Palm Oil are mixed to down with no objectives. Support is at 2560. 2545, and 2510 July, with resistance at 2614, 2640, and 2665 July.
DJ Canadian Grain Handling Summary – May 2
Winnipeg–The following are Canadian grain handling summary
statistics for the week ended April 27, 2014. Figures are in thousands of
metric tons.
Source: Canadian Grain Commission.
Durum
Wheat Wheat Oats Barley Flax Canola Peas Corn Total
VISIBLE STOCKS
This week 2795.3 644.4 179.5 244.5 73.5 954.9 133.1 379.9 5554.4
Week ago 2846.6 690.0 201.8 271.5 67.3 1109.6 133.4 392.7 5852.9
Year ago 2962.9 879.7 290.7 295.1 73.1 1007.6 266.0 258.8 6064.6
PRODUCER DELIVERIES
This week 377.1 37.7 19.2 55.1 7.7 246.3 33.4 8.1 787.3
Week ago 368.0 65.6 32.4 69.6 8.3 349.3 19.3 6.6 922.4
To date 14456.0 3506.3 1254.4 2290.5 353.5 11141.3 1672.9 284.4 35848.0
Year ago 13253.2 3197.2 1406.9 2410.2 306.2 11055.1 1753.2 642.6 34143.5
EXPORTS
This week 384.7 41.7 26.5 41.9 2.4 282.5 20.4 88.7 897.9
Week ago 222.3 85.1 17.0 18.7 0.3 86.2 9.1 59.6 500.4
To date 11436.2 3163.0 791.9 978.4 262.2 5990.2 1262.0 429.8 26786.0
Year ago 9906.8 3192.3 840.4 1185.7 236.0 5844.6 1476.6 110.5 22861.7
DOMESTIC DISAPPEARANCE
This week 78.8 2.9 8.8 39.1 1.5 129.8 5.8 8.1 288.5
Week ago 66.2 7.2 5.1 23.4 0.5 137.1 0.9 35.0 293.0
To date 2383.4 435.4 129.6 998.1 27.6 4687.1 88.3 408.5 9921.3
Year ago 3286.1 267.7 378.9 1302.3 46.3 4924.3 43.2 363.0 10635.2
Source: Commodity News Service Canada (cnscanada@shaw.ca or 204-414-9084)
DJ Canadian Oilseed Processors Association Weekly Crush
Winnipeg–Canadian Oilseed Processors Association
reported the Canadian oilseed crush for the week ended April
30, 2014, as follows:
Figures are in metric tons. R-denotes revision.
Week ended Cumulative Cumulative
2013/14 2012/13 2013/14 2012/13
Canola (Aug/Jul) Sybns (Aug/Jul)
Apr 30 134,263 5,135,497 5,290,910 23,723 1,221,210 1,205,585
Apr 23 134,749 5,001,234 5,175,948 34,382 1,197,487 1,179,706
Apr 16 136,086 4,866,485 5,030,352 29,634 1,163,105 1,151,109
Apr 09 139,888 4,730,399 4,910,301 28,620 1,133,471 1,121,044
Apr 02 141,946 4,590,511 4,766,184 28,094 1,104,851 1,094,363
Crush Capacity Utilization
This Week Year-to-Date Year Ago
Canola 75.3% 80.8% 87.3%
Soybeans 36.1% 50.9% 50.3%
Source: Commodity News Service Canada (cnscanada@shaw.ca or
204-414-9084)
DAIRY
General Comments: World and US dairy markets remain strong, but some weakness is starting to appear. Asian demand for powdered Milk, remains the driving force behind the strong markets, but the demand for dried products has weakened in world markets and this has caused some price weakness that could last at least a few more weeks. China is still out of the market, and prices throughout Southeast Asia and Oceana remain weaker. Australia and New Zealand have seen some price weakness across the board, and the US has seen price weakness primarily in dried products and cream. Trader ideas are that China will have to come back and buy and that any down move in diary prices is temporary. Australian production is starting to trend seasonally lower. New Zealand production remains very strong on the South Island, but has weakened on the North Island due to dry weather there.
Overnight News:
Chart Analysis: Trends in Milk are up with objectives of 2245 June. Support is at 2145, 2115, and 2100 June, and resistance is at 2210, 2240, and 2270 June. Trends in Cheese are up with objectives of 212.00 June. Support is at 206.00, 205.00, and 202.00 June, with resistance at 209.00, 212.00, and 215.00 June. Trends in Butter are up with no objectives. Support is at 200.00, 197.00, and 193.00 June, and resistance is at 209.00, 212.00, and 215.00 June.
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of April 29, 2014
: Reportable Positions
:————————————————————————————————————-
: Producer/Merchant : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading
————————————————————————————————————–
MILK, Class III – CHICAGO MERCANTILE EXCHANGE (CONTRACTS OF 200,000 POUNDS)
CFTC Code #052641 Open Interest is 55,774
: Positions
: 27,630 26,672 0 3,118 41 920 9 1,743 9,206 2,057 11,510
: Changes from: April 22, 2014
: 424 1,030 0 -29 1 -11 8 106 480 90 362
: Percent of Open Interest Represented by Each Category of Trader
: 49.5 47.8 0.0 5.6 0.1 1.6 0.0 3.1 16.5 3.7 20.6
: Number of Traders in Each Category Total Traders: 85
: 38 33 0 . . 7 . 4 19 11 25
————————————————————————————————————–
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of April 29, 2014
: Reportable Positions
:————————————————————————————————————-
: Producer/Merchant : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading
————————————————————————————————————–
NON FAT DRY MILK – CHICAGO MERCANTILE EXCHANGE (CONTRACTS OF 44,000 LBS.)
CFTC Code #052642 Open Interest is 5,632
: Positions
: 3,337 1,411 0 0 0 0 17 175 700 3,247 346
: Changes from: April 22, 2014
: 89 2 0 0 0 -8 1 10 -78 8 50
: Percent of Open Interest Represented by Each Category of Trader
: 59.2 25.1 0.0 0.0 0.0 0.0 0.3 3.1 12.4 57.7 6.1
: Number of Traders in Each Category Total Traders: 30
: 14 9 0 0 0 0 . . 4 8 8
————————————————————————————————————–
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of April 29, 2014
: Reportable Positions
:————————————————————————————————————-
: Producer/Merchant : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading
————————————————————————————————————–
CME MILK IV – CHICAGO MERCANTILE EXCHANGE (CONTRACTS OF 200,000 POUNDS)
CFTC Code #052644 Open Interest is 13,912
: Positions
: 3,588 8,391 0 265 33 7 0 252 8,282 322 1,101
: Changes from: April 22, 2014
: 97 127 0 9 4 6 0 6 244 74 -3
: Percent of Open Interest Represented by Each Category of Trader
: 25.8 60.3 0.0 1.9 0.2 0.0 0.0 1.8 59.5 2.3 7.9
: Number of Traders in Each Category Total Traders: 40
: 12 21 0 . . . 0 . 10 4 8
————————————————————————————————————–
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of April 29, 2014
: Reportable Positions
:————————————————————————————————————-
: Producer/Merchant : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading
————————————————————————————————————–
CHEESE (CASH-SETTLED) – CHICAGO MERCANTILE EXCHANGE (CONTRACTS OF 20,000 POUNDS)
CFTC Code #063642 Open Interest is 17,112
: Positions
: 11,558 5,256 0 191 26 1 0 203 2,345 9,042 1,525
: Changes from: April 22, 2014
: 176 48 0 0 0 1 -2 2 159 308 16
: Percent of Open Interest Represented by Each Category of Trader
: 67.5 30.7 0.0 1.1 0.2 0.0 0.0 1.2 13.7 52.8 8.9
: Number of Traders in Each Category Total Traders: 37
: 15 10 0 . . . 0 . 6 10 10
————————————————————————————————————–
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of April 29, 2014
: Reportable Positions
:————————————————————————————————————-
: Producer/Merchant : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading
————————————————————————————————————–
BUTTER (CASH SETTLED) – CHICAGO MERCANTILE EXCHANGE (CONTRACTS OF 20,000 POUNDS)
CFTC Code #050642 Open Interest is 8,245
: Positions
: 6,420 3,184 0 0 0 3 0 144 138 3,918 232
: Changes from: April 22, 2014
: 115 80 0 0 0 3 -1 30 -40 79 -9
: Percent of Open Interest Represented by Each Category of Trader
: 77.9 38.6 0.0 0.0 0.0 0.0 0.0 1.7 1.7 47.5 2.8
: Number of Traders in Each Category Total Traders: 30
: 15 13 0 0 0 . 0 . . 8 4
————————————————————————————————————–
Daily Cash Nonfat Dry Milk Trading on Friday, May 2, 2014
(Carload Unit = 42,000-45,000 lbs)
——————————————————————
NONFAT DRY MILK : CLOSE : CHANGE
——————————————————————
GRADE A : $1.7775 : -.0100
——————————————————————
SALES: 1 CAR GRADE A @ $1.7775
LAST BID UNFILLED: NONE
LAST OFFER UNCOVERED: 1 CAR GRADE A @ $1.7875
Close represents US $ per pound. Change is price change from previous close.
Information disseminated by USDA, Dairy Market News – Madison, WI
1135C (608) 278-4150
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: www.ams.usda.gov/dairymarketnews
Dairy Market News database portal: www.marketnews.usda.gov/portal/da
Daily Cash Cheese Trading on Friday, May 2, 2014
(Carload Unit = 40,000-44,000 lbs.)
——————————————————————
CHEESE : CLOSE : CHANGE
——————————————————————
BARRELS : $2.0550 : -.0450
40# BLOCKS : $2.0700 : -.0300
——————————————————————
SALES: 3 CARS BARRELS:
2 @ $2.0550, 1 @ $2.0600
4 CARS 40# BLOCKS:
1 @ $2.1000, 1 @ $2.0900, 1 @ $2.0800, 1 @ $2.0700
LAST BID UNFILLED: 1 CAR 40# BLOCKS @ $2.0700
LAST OFFER UNCOVERED: NONE
Close represents US $ per pound. Change is price change from previous close.
Information disseminated by USDA, Dairy Market News – Madison, WI
1132C (608) 278-4150
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: www.ams.usda.gov/dairymarketnews
Dairy Market News database portal: www.marketnews.usda.gov/portal/da
Daily Cash Butter Trading on Friday, May 2, 2014
(Carload Unit = 40,000-42,000 lbs)
——————————————————————
BUTTER : CLOSE : CHANGE
——————————————————————
GRADE AA : $2.0750 : .0725
——————————————————————
SALES: NONE
LAST BID UNFILLED: 1 CAR GRADE AA @ $2.0750
LAST OFFER UNCOVERED: NONE
Close represents US $ per pound. Change is price change from previous close.
Information disseminated by USDA, Dairy Market News – Madison, WI
1137C (608) 278-4150
USDA/AMS/Dairy Market News, Madison, Wisconsin
Dairy Market News website: www.ams.usda.gov/dairymarketnews
Dairy Market News database portal: www.marketnews.usda.gov/portal/da
Midwest Weather Forecast: Dry early this week, chances for showers and storms late in the week. Temperatures will average near to above normal.
FOB Gulf Basis Levels-Cents per Bushel
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
May 65 May 156 July 65 May 60 May 50 July 50 July
June 60 July 140 July 40 July 72 July
July 60 July 40 July 62 July
All basis levels are positive unless noted as negative
Brazil Premiums Soybeans Soybean Meal Soybean Oil Corn
May minus 42 July minus 12 July Plus 70 July July
June Minus 40 July minus 13 July plus 65 Sep August
July minus 38 July minus 13 July plus 65 Sep September
Canada, Malaysia, y Indonesia:
DJ ICE Canada Cash Grain Close – May 2
WINNIPEG–The following are the closing cash grain prices
from ICE Futures Canada.
Values are based on the commodity being delivered at
Thunder Bay, Ontario, unless otherwise noted. Source: ICE
Futures Canada
Price Change
CANOLA
*Par Region 442.25 dn 9.50
Basis: Thunder Bay
1 Can 405.40 up 11.20
2 Can 492.40 up 11.20
Basis: Vancouver
1 Can 525.40 up 11.20
2 Can 512.40 up 11.20
FEED WHEAT
Lethbridge 196.00 unchanged
Can Feed 251.00 unchanged
WESTERN BARLEY
Lethbridge 200.00 unchanged
All prices in Canadian dollars per metric ton.
*Quote for previous day
Source: Commodity News Service Canada (cnscanada@shaw.ca or
204-414-9084)
DJ Malaysian PM Cash Market Prices for Palm Oil – May 5
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Monday 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
May 845.00 00.00 Unquoted – -
Jun 837.50 00.00 Unquoted – -
Jul/Aug/Sep 810.00 -02.50 Unquoted – -
Oct/Nov/Dec 807.50 -02.50 Unquoted – -
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
May 847.50 00.00 Unquoted – -
Jun 840.00 00.00 Unquoted – -
Jul/Aug/Sep 812.50 -02.50 Unquoted – -
Oct/Nov/Dec 810.00 -02.50 Unquoted – -
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
May 825.00 -05.00 Unquoted – -
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
May 800.00 -05.00 Unquoted – -
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
May 2,670 -10.00 Unquoted – -
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
May 245.00 00.00 Unquoted – -
($1=MYR3.2517)
Questions? Ask Jack Scoville today at 312-264-4322
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