DJ USDA Supply/Demand: Crop Summary-May 9
U.S. ending stocks in million bushels, except soyoil in million pounds,
cotton in million (480 pound) bales and rice in million cwt. Exports and
Production in million metric tons except cotton in million (480 pound)
bales.
Projections based on trends and analysts’ judgments, not survey
date. Source: USDA’s World Agricultural Outlook Board.
======US====== ================WORLD==============
Ending Stocks Exports Production
14-15 13-14 12-13 : 14-15 13-14 12-13 : 14-15 13-14 12-13
Soybeans 330 130 141 : 112.33 110.64 100.65 : 299.82 283.79 267.85
Brazil na na na : 45.00 44.50 41.90 : 91.00 87.50 82.00
Argentina na na na : 9.00 9.00 7.74 : 54.00 54.00 49.30
China na na na : 0.30 0.23 0.27 : 12.00 12.20 13.05
Soyoil 1,720 1,550 1,705 : 9.76 9.42 9.32 : 46.34 44.65 42.82
Corn 1,726 1,146 821 : 115.72 121.86 95.15 : 979.08 979.02 868.80
China na na na : 0.10 0.10 0.08 : 220.00 217.73 205.61
Argentina na na na : 16.00 14.00 18.69 : 26.00 24.00 27.00
S. Africa na na na : 2.20 2.50 2.00 : 13.50 14.00 12.37
Cotton(a) 3.90 2.80 3.90 : 36.29 40.34 46.69 : 115.46 117.13 122.95
All Wheat 540 583 718 : 151.82 162.00 137.18 : 697.04 714.00 657.30
China na na na : 1.00 1.00 0.97 : 123.00 121.72 121.02
EU 27 na na na : 27.50 30.00 22.62 : 144.88 143.32 133.85
Canada na na na : 21.00 22.00 18.97 : 28.50 37.50 27.21
Argentina na na na : 6.50 2.00 3.55 : 12.50 10.50 9.30
Australia na na na : 18.50 19.00 18.66 : 25.50 27.00 22.46
Russia na na na : 19.00 18.20 11.29 : 52.00 52.09 37.72
Ukraine na na na : 8.50 9.50 7.19 : 20.00 22.28 15.76
Sorghum 24 19 15 : na na na : na na na
Barley 82 85 80 : na na na : na na na
Oats 37 25 36 : na na na : na na na
Rice 34.3 29.3 36.4 : 41.40 40.77 39.54 : 480.72 476.09 471.60
DJ USDA Report: Summary For May Production, Supply/Demand Report
CHICAGO–The following table is provided as a service to Wall Street
Journal subscribers in conjunction with the U.S. Department of
Agriculture’s May world crop reports, scheduled for release at noon EDT
on Friday.
U.S. Corn, Soybean Production Estimates 2014-15
(million bushels)
Friday’s Average USDA
Estimate Estimate Range 2013
Corn 13,935 13,735.83 13,570-13,933 13,925
Soybeans 3,635 3,551.33 3,289-3,640 3,289
**
U.S. Grain, Soybean Stockpiles Estimates 2013-14
(million bushels)
Friday’s
Estimate Average Range USDA April
Corn 1,146 1,316 1,231-1,435 1,331
Soybeans 130 132.2 125-146 135
Wheat 583 586.2 570-633 583
U.S. Grain, Soybean Stockpiles Estimates 2014-15
(million bushels)
Friday’s
Estimate Average Range
Corn 1,726 1,618 1,017-2,354
Soybeans 330 299.5 200-418
Wheat 540 540.2 425-619
**
World Grain, Soybean Stockpiles Estimates 2013-14
(million metric tons)
Friday’s
Estimate Average Range USDA April
Corn 168.4 157.8 156.0-161.2 158.0
Soybeans 67.0 68.7 67.3-73.0 69.4
Wheat 186.5 185.7 181.9-187.3 186.7
World Grain, Soybean Stockpiles Estimates 2014-2015
(million metric tons)
Friday’s
Estimate Average Range
Corn 181.7 160.1 149.9-175.0
Soybeans 82.2 80.9 72.0-95.0
Wheat 187.4 183.7 178.0-191.0
**
Brazil, Argentina Corn, Soybean Production
(million metric tons)
Brazil Friday’s
Estimate Average Range USDA April
Corn 75.0 72.2 70.5-74.0 72.0
Soybeans 87.5 87.3 87.0-87.5 87.5
Argentina
Friday’s
Estimate Average Range USDA April
Corn 24.0 23.9 22.3-24.8 24.0
Soybeans 54.0 54.4 54.0-55.0 54.0
**
U.S. Wheat Production 2014-15
Friday’s
Estimate Average Range
All Wheat 1,963 2,037 1,891-2,181
All Winter 1,403 1,454 1,312-1,591
Hard Red Winter 746.2 766 610-841
Soft Red Winter 447.1 466 409-569
White Winter 209.3 224 188-268
WHEAT
General Comments: Wheat closed lower again in reaction to USDA supply and demand reports and some forecasts for wet weather in the Great Plains. Production of Winter Wheat in the US was below most trade expectations. Ending stocks estimates were also a Little below trade expectations, But, the world data showed more production and ending stocks and was the bearish force behind the trade action. The US has about the only bad production conditions in the world right now and as other origins are offering at far cheaper prices. Weekend weather showed some good rains for Nebraska and Kansas, but not that much farther south into the Texas Panhandle. The USDA crop condition reports this week showed once again that Wheat is getting stressed. Spring Wheat planting remains delayed, but soil moisture will be great once producers are able to work the fields. Longer range forecasts call for cool weather this 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. Most northern hemisphere Wheat crops appear to be in good condition, with the área with the most problems located in the central and southern US Great Plains.
Overnight News: The southern Great Plains should see mostly dry weather, but some showers today in central and eastern areas. Temperatures should average above normal. Northern areas should get showers and storms off and on through the weekend. Temperatures should average near normal today, then near to below normal. The Canadian Prairies should get light precipitation today and again this weekend in southern areas. Temperatures will be near normal.
Chart Analysis: Trends in Chicago are mixed. Support is at 721, 717, and 710 July, with resistance at 740, 744, and 752 July. Trends in Kansas City are mixed to up with objectives of 865 July. Support is at 828, 816, and 811 July, with resistance at 845, 855, and 857 July. Trends in Minneapolis are mixed to up with no objectives. Support is at 793, 782, and 779 July, and resistance is at 809, 814, and 823 July.
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 6, 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 480,934
: Positions
: 48,501 174,731 106,675 9,664 23,695 97,097 51,832 47,711 24,609 30,952 93,146
: Changes from: April 29, 2014
: -709 4,240 -125 282 -486 -241 -2,916 5,273 1,798 2,520 4,558
: Percent of Open Interest Represented by Each Category of Trader
: 10.1 36.3 22.2 2.0 4.9 20.2 10.8 9.9 5.1 6.4 19.4
: Number of Traders in Each Category Total Traders: 375
: 61 96 16 8 17 68 46 55 48 82 85
————————————————————————————————————–
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 6, 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 166,869
: Positions
: 30,541 88,688 34,354 795 2,857 45,039 8,163 8,431 8,495 14,310 17,231
: Changes from: April 29, 2014
: 2,245 6,316 -525 -22 -79 1,112 -226 1,849 598 -708 3,524
: Percent of Open Interest Represented by Each Category of Trader
: 18.3 53.1 20.6 0.5 1.7 27.0 4.9 5.1 5.1 8.6 10.3
: Number of Traders in Each Category Total Traders: 183
: 34 55 16 . 4 40 11 9 18 29 29
————————————————————————————————————–
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 6, 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 75,581
: Positions
: 22,483 46,979 5,403 140 1,792 13,406 1,173 1,187 10,735 4,143 3,190
: Changes from: April 29, 2014
: -533 2,496 1,237 66 -245 1,549 -465 338 196 -385 243
: Percent of Open Interest Represented by Each Category of Trader
: 29.7 62.2 7.1 0.2 2.4 17.7 1.6 1.6 14.2 5.5 4.2
: Number of Traders in Each Category Total Traders: 93
: 32 33 5 . . 18 . 5 19 5 8
————————————————————————————————————–
RICE
General Comments Futures closed a little lower in reaction to the USDA estimates. USDA increased ending stocks estimates for this year and showed the potential for a big expansion in supplies for the coming year. The reports were negative for prices. USDA showed less world ending stocks for next year as it expected less Asian and especially Indian production due to El Nino effects. The weather is improved in the Delta, and producers are working quickly to get the Rice planted. Farmers are offering at higher prices, and bids are improving but finding little interest. 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. Mills are hoping for a bigger and better quality crop this year and are trying to avoid bidding for spot Rice. Asian long grain prices are mostly steady to weaker today.
Overnight News: Mostly dry early this weekend, showers and storms today. Temperatures will average near normal.
Chart Analysis: Trends are mixed. Support is at 1538, 1534, and 1528 July, with resistance at 1550, 1554, and 1560 July.
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 6, 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 8,630
: Positions
: 3,065 5,859 1,076 180 0 570 714 0 1,089 0 537
: Changes from: April 29, 2014
: -192 -34 0 0 0 3 13 0 310 -55 79
: Percent of Open Interest Represented by Each Category of Trader
: 35.5 67.9 12.5 2.1 0.0 6.6 8.3 0.0 12.6 0.0 6.2
: Number of Traders in Each Category Total Traders: 43
: 17 16 4 . 0 5 . 0 10 0 4
————————————————————————————————————–
CORN AND OATS
General Comments: Both markets closed lower as USDA showed the potential for strong production and an increase in ending stocks for the coming year. Current year ending stocks estimates were lower than anticipated due to a Sharp increase in exports and an increase in ethanol demand. There are now some ideas that export demand has been overestimated. World data showed increased production and ending stocks for all coarse grains and for Corn and were considered bearish Selling was also seen on reports from the Corn Belt of extremely active planting. Iowa could be over half done with Corn p[planting and Corn is emerging in the southwest and central parts of the state. Fieldwork was very active until rains appeared in Iowa yesterday. Weather forecasts for planting in the Midwest continue to show good chances to get planting done this week. It should turn cool again, but generally drier. Reports from the field indicate that many farmers can wrap up Corn planting this week and get started with Soybeans in the warmer and drier areas. Others might need another week to get most of the Corn planted. The Delta and Southeast should remain drier.
Overnight News:
Chart Analysis: Trends in Corn are mixed. Support is at 500, 498, and 495 July, and resistance is at 510, 519, and 522 July. Trends in Oats are mixed. Support is at 342, 336, and 332 July, and resistance is at 361, 370, and 376 July.
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 6, 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 1,765,891
: Positions
: 360,346 813,272 276,252 6,541 77,409 323,617 57,138 176,173 122,326 46,107 283,699
: Changes from: April 29, 2014
: -4,369 -1,841 917 783 -5,101 2,873 786 2,635 2,209 -2,981 4,160
: Percent of Open Interest Represented by Each Category of Trader
: 20.4 46.1 15.6 0.4 4.4 18.3 3.2 10.0 6.9 2.6 16.1
: Number of Traders in Each Category Total Traders: 787
: 258 366 20 5 18 96 40 70 104 111 147
————————————————————————————————————–
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 6, 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 8,187
: Positions
: 2,313 5,533 1,042 0 0 693 0 0 845 515 1,116
: Changes from: April 29, 2014
: 5 -68 -3 0 0 71 0 0 15 77 -48
: Percent of Open Interest Represented by Each Category of Trader
: 28.3 67.6 12.7 0.0 0.0 8.5 0.0 0.0 10.3 6.3 13.6
: Number of Traders in Each Category Total Traders: 32
: 9 10 4 0 0 6 0 0 6 5 7
————————————————————————————————————–
SOYBEANS AND PRODUCTS
General Comments: Soybeans and products closed higher, especially in May and July in a bullish reaction to the USDA estimates. USDA increased the crush and export demand, but increased imports to cover most of the demand. Many in the trade wonder if such an import pace is possible. It seems to be possible as the majors are the ones bringing the Soybeans to the US and they own the port facilities. There were more reports of imports coming to the US from South America already and that these Soybeans are moving by barge upriver to crushing facilities. New crop data provided no real surprises and world data showed plenty of oilseeds will be available. It will be cool this week, but drier once the cold front passes the region today. The US needs some warmer and drier weather to get the Corn and Soybeans planted now, and the forecasts show drier weather is possible for a period this week. Speculators overall remain very long Soybeans and Soybean Meal on ideas of tight supplies here in the Midwest, although they have been mostly in a liquidation mode.
Overnight News:
Chart Analysis: Trends in Soybeans are mixed. Support is at 1457, 1442, and 1429 May, and resistance is at 1493, 1502, and 1521 May. Trends in Soybean Meal are mixed to up with objectives of 495.00 and 508.00 July. Support is at 478.50, 471.00, and 467.00 July, and resistance is at 489.00, 494.00, and 500.00 July. Trends in Soybean Oil are mixed. Support is at 4060, 4010, and 3980 July, with resistance at 4145, 4160, and 4190 July.
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 6, 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 760,332
: Positions
: 163,970 340,515 97,584 4,121 23,609 173,398 35,354 51,563 47,066 45,171 145,736
: Changes from: April 29, 2014
: 718 -34,801 -273 -1,441 1,576 -21,964 8,868 -3,949 -163 3,260 -1,307
: Percent of Open Interest Represented by Each Category of Trader
: 21.6 44.8 12.8 0.5 3.1 22.8 4.6 6.8 6.2 5.9 19.2
: Number of Traders in Each Category Total Traders: 590
: 120 188 19 5 16 97 35 70 98 126 144
————————————————————————————————————–
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 6, 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 354,329
: Positions
: 93,850 185,874 65,628 1,121 3,430 66,296 43,130 20,384 27,722 26,127 42,611
: Changes from: April 29, 2014
: 10,780 -5,794 1,105 -251 -244 -3,429 8,129 698 1,677 3,013 4,166
: Percent of Open Interest Represented by Each Category of Trader
: 26.5 52.5 18.5 0.3 1.0 18.7 12.2 5.8 7.8 7.4 12.0
: Number of Traders in Each Category Total Traders: 260
: 64 66 16 . 7 38 36 28 36 41 43
————————————————————————————————————–
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 6, 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 366,543
: Positions
: 89,995 196,065 39,094 9,917 15,116 88,514 22,886 11,447 20,710 32,289 51,368
: Changes from: April 29, 2014
: -1,730 -11,203 328 -1,763 750 -7,139 2,435 1,783 -977 524 232
: Percent of Open Interest Represented by Each Category of Trader
: 24.6 53.5 10.7 2.7 4.1 24.1 6.2 3.1 5.7 8.8 14.0
: Number of Traders in Each Category Total Traders: 272
: 74 88 15 6 14 62 19 23 22 48 41
————————————————————————————————————–
CANOLA AND PALM OIL
General Comments: Canola was a little higher in reaction to the sharply higher prices for nearby months of Soybeans in Chicago. However, the reaction was much more muted as Soybean Oil did not do much and as there are still big supplies of Canola. The country still has big supplies to move and this makes upside potential difficult. 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 as traders got ready for the next round of MPOB and export data. The market is expecting price positive supply and demand data from MPOB on Friday, but price action in Chicago keeps trends mixed. Export demand was positive for the month and should help support prices this week. 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 to up with objectives of 514.00 and 547.00 July. Support is at 480.00, 471.00, and 464.00 July, with resistance at 486.00, 487.00, and 493.00 July. Trends in Palm Oil are mixed. Support is at 2545. 2510, and 2500 July, with resistance at 2600, 2625, and 2640 July.
DJ Canadian Grain Handling Summary – May 9
Winnipeg–The following are Canadian grain handling summary
statistics for the week ended May 4, 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 2667.0 635.7 169.9 264.8 65.1 876.1 160.4 337.1 5176.0
Week ago 2795.3 644.4 179.5 244.5 73.5 954.9 133.1 379.9 5554.4
Year ago 2658.1 707.8 269.8 278.0 55.1 891.3 196.8 246.5 5333.1
PRODUCER DELIVERIES
This week 436.7 50.5 24.4 68.3 8.5 284.3 55.9 8.9 993.6
Week ago 377.1 37.7 19.2 55.1 7.7 246.3 33.4 8.1 787.3
To date 14892.7 3556.9 1278.7 2359.0 362.0 11425.6 1728.8 293.3 36842.0
Year ago 13501.7 3250.2 1425.5 2447.5 311.2 11177.6 1804.2 686.0 34724.6
EXPORTS
This week 445.3 152.9 27.4 11.0 5.9 267.7 13.4 91.7 1021.1
Week ago 384.7 41.7 26.5 41.9 2.4 282.5 20.4 88.7 897.9
To date 11869.4 3315.9 817.2 1027.0 268.1 6305.4 1275.1 521.5 27877.6
Year ago 10628.7 3490.8 877.0 1199.2 255.7 5986.9 1583.0 159.8 24251.8
DOMESTIC DISAPPEARANCE
This week 90.1 4.7 7.9 36.2 3.7 120.4 3.0 9.6 294.9
Week ago 78.8 2.9 8.8 39.1 1.5 129.8 5.8 8.1 288.5
To date 2462.1 438.5 137.3 1025.2 27.1 4807.4 91.4 418.1 10189.4
Year ago 3391.5 274.0 384.1 1349.5 48.2 5007.7 49.3 380.9 10909.4
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 May 7,
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)
May 07 132,717 5,268,214 5,384,418 23,594 1,244,804 1,236,250
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
Crush Capacity Utilization
This Week Year-to-Date Year Ago
Canola 74.4% 80.8% 86.7%
Soybeans 35.9% 50.6% 50.3%
Source: Commodity News Service Canada (cnscanada@shaw.ca or
204-414-9084)
DAIRY
General Comments: Prices moved lower. Domestic demand has been mixed, and inventories are starting to build at butter and cheese processors. The warmer Midwest weather is helping the production of fluid ilk. Weaker international demand has been reported as China is out of the market for the short term. They are expected to return in a couple of months. European prices remain soft on strong production. Domestic and international dried dairy prices are also weak. Cheese is still the strongest market in the cash market, but Butter is the strongest market in futures. Australian production is trending 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 mixed. Support is at 2115, 2100, and 2080 June, and resistance is at 2150, 2180, and 2190 June. Trends in Cheese are mixed. Support is at 202.00, 200.00, and 197.50 June, with resistance at 207.00, 209.00, and 212.00 June. Trends in Butter are mixed to up with no objectives. Support is at 205.00, 200.00, and 197.00 June, and resistance is at 208.00, 210.00, and 212.00 June.
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 6, 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 48,655
: Positions
: 24,051 23,075 0 2,745 36 900 5 1,507 7,895 1,828 9,632
: Changes from: April 29, 2014
: -3,579 -3,596 0 -374 -5 -19 -5 -236 -1,312 -229 -1,879
: Percent of Open Interest Represented by Each Category of Trader
: 49.4 47.4 0.0 5.6 0.1 1.9 0.0 3.1 16.2 3.8 19.8
: Number of Traders in Each Category Total Traders: 77
: 35 31 0 . . 6 . 4 13 14 21
————————————————————————————————————–
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 6, 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 4,799
: Positions
: 2,881 1,271 53 0 0 0 5 113 707 2,749 278
: Changes from: April 29, 2014
: -456 -140 53 0 0 0 -12 -62 7 -498 -68
: Percent of Open Interest Represented by Each Category of Trader
: 60.0 26.5 1.1 0.0 0.0 0.0 0.1 2.4 14.7 57.3 5.8
: Number of Traders in Each Category Total Traders: 31
: 14 10 . 0 0 0 . . 5 8 7
————————————————————————————————————–
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 6, 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 12,075
: Positions
: 3,007 7,117 0 239 24 16 0 244 7,193 369 978
: Changes from: April 29, 2014
: -580 -1,275 0 -25 -9 9 0 -8 -1,089 47 -123
: Percent of Open Interest Represented by Each Category of Trader
: 24.9 58.9 0.0 2.0 0.2 0.1 0.0 2.0 59.6 3.1 8.1
: Number of Traders in Each Category Total Traders: 37
: 10 18 0 . . . 0 . 10 5 7
————————————————————————————————————–
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 6, 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 15,463
: Positions
: 10,548 4,560 0 48 58 0 7 183 2,332 8,548 1,189
: Changes from: April 29, 2014
: -1,010 -696 0 -143 32 -1 7 -20 -13 -494 -336
: Percent of Open Interest Represented by Each Category of Trader
: 68.2 29.5 0.0 0.3 0.4 0.0 0.0 1.2 15.1 55.3 7.7
: Number of Traders in Each Category Total Traders: 37
: 14 9 0 . . 0 . . 8 9 8
————————————————————————————————————–
Disaggregated Commitments of Traders- Options and Futures Combined Positions as of May 6, 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 7,135
: Positions
: 5,299 2,852 0 0 0 14 0 107 153 3,262 209
: Changes from: April 29, 2014
: -1,121 -332 0 0 0 10 0 -36 15 -656 -23
: Percent of Open Interest Represented by Each Category of Trader
: 74.3 40.0 0.0 0.0 0.0 0.2 0.0 1.5 2.1 45.7 2.9
: Number of Traders in Each Category Total Traders: 25
: 12 13 0 0 0 . 0 . . 6 4
————————————————————————————————————–
Daily Cash Nonfat Dry Milk Trading on Friday, May 9, 2014
(Carload Unit = 42,000-45,000 lbs)
——————————————————————
NONFAT DRY MILK : CLOSE : CHANGE
——————————————————————
GRADE A : $1.7800 : -.0075
——————————————————————
SALES: 2 CARS GRADE A @ $1.7800
LAST BID UNFILLED: NONE
LAST OFFER UNCOVERED: 1 CAR GRADE A @ $1.7800
Close represents US $ per pound. Change is price change from previous close.
Information disseminated by USDA, Dairy Market News – Madison, WI
1141C (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 9, 2014
(Carload Unit = 40,000-44,000 lbs.)
——————————————————————
CHEESE : CLOSE : CHANGE
——————————————————————
BARRELS : $2.0200 : -.0325
40# BLOCKS : $2.0450 : N.C.
——————————————————————
SALES: 5 CARS BARRELS:
3 @ $2.0350, 1 @ $2.0250, 1 @ $2.0200
2 CARS 40# BLOCKS @ $2.0450
LAST BID UNFILLED: 2 CARS 40# BLOCKS @ $2.0400
LAST OFFER UNCOVERED: 1 CAR BARRELS @ $2.0200
Close represents US $ per pound. Change is price change from previous close.
Information disseminated by USDA, Dairy Market News – Madison, WI
1133C (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 9, 2014
(Carload Unit = 40,000-42,000 lbs)
——————————————————————
BUTTER : CLOSE : CHANGE
——————————————————————
GRADE AA : $2.1675 : .0125
——————————————————————
SALES: 2 CARS GRADE AA:
1 @ $2.1650, 1 @ $2.1675
LAST BID UNFILLED: NONE
LAST OFFER UNCOVERED: 1 CAR GRADE AA @ $2.1750
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: Chances for showers and storms today, then drier over the weekend and early next week. Temperatures will average near normal.
FOB Gulf Basis Levels-Cents per Bushel
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
May 60 May 150 July 61 May 74 July 50 July 50 July
June 58 July 140 July 40 July 70 July
July 58 July 40 July 65 July
All basis levels are positive unless noted as negative
Brazil Premiums Soybeans Soybean Meal Soybean Oil Corn
May Plus 70 July July
June minus 20 July minus 9 July plus 65 Sep August
July minus 20 July minus 12 July plus 65 Sep September
Canada, Malaysia, y Indonesia:
DJ ICE Canada Cash Grain Close
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 459.22 up 9.30
Basis: Thunder Bay
1 Can 501.10 up 1.20
2 Can 488.10 up 1.20
Basis: Vancouver
1 Can 521.10 up 1.20
2 Can 508.10 up 1.20
FEED WHEAT
Lethbridge 208.00 up 3.00
Can Feed 245.00 unchanged
WESTERN BARLEY
Lethbridge 208.00 up 2.00
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 8
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Thursday 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 835.00 -07.50 Unquoted – -
Jun 830.00 -05.00 Unquoted – -
Jul/Aug/Sep 810.00 -02.50 Unquoted – -
Oct/Nov/Dec 805.00 -02.50 Unquoted – -
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
May 837.50 -07.50 Unquoted – -
Jun 832.50 -05.00 Unquoted – -
Jul/Aug/Sep 812.50 -02.50 Unquoted – -
Oct/Nov/Dec 807.50 -02.50 Unquoted – -
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
May 820.00 00.00 Unquoted – -
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
May 795.00 00.00 Unquoted – -
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
May 2,640 -10.00 Unquoted – -
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
May 242.00 00.00 Unquoted – -
($1=MYR3.2345)
Questions? Ask Jack Scoville today at 312-264-4322
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