Grains Report 12/03/19
Jack Scoville of The PRICE Futures Group - InsideFutures.com - Tue Dec 03, 1:50PM CST

DJ CBOT Delivery Intentions: Totals – Dec 3
Source: CME Group
Contract Quantity Next Trade
Commodity Month Delivery Day Assigned Today Date Available
SOYBEAN MEAL December Dec. 04, 2019 319 Nov 22, 2019
SOYBEAN OIL December Dec. 04, 2019 878 Dec 02, 2019
KC HRW WHEAT December Dec. 04, 2019 11 Nov 18, 2019

Crop Progress
Date 1-Dec 24-Nov 2018 Avg
Cotton Harvested 83 78 74 81
Corn Harvested 89 84 97 98
Soybeans Harvested 96 94 97 99
Sorghum Harvested 93 88 79 87
Sunflowers Harvested 65 56 81 94

WHEAT
General Comments: Wheat markets were lower yesterday. Minneapolis and HRW markets were weaker on ideas of plentiful supplies of higher protein Wheat in the world market. SRW is finding some support on reduced production but also faces poor demand. Production increases in the northern parts of the world are greater than production decreases in southern countries and that has hurt the bull case for improved US Wheat demand. World prices have been weaker in the last couple of weeks. World prices will still be dictated by what happens in Europe and the Black Sea area and US prices will most likely remain a follower as the US tries to compete for sales. Chart patterns on daily and weekly charts imply more up pressure on prices this week.
Overnight News: The southern Great Plains should get mostly dry conditions. Temperatures should be on both sides of normal. Northern areas should see mostly dry conditions or a little light snow. Temperatures will moderate over he next few days. The Canadian Prairies should see mostly dry weather. Temperatures should be mostly below normal but near to above normal by late this week.
Chart Analysis: Trends in Chicago are up with objectives of 548 and 562 March. Support is at 533, 529, and 522 March, with resistance at 546, 554, and 561 March. Trends in Kansas City are mixed. Support is at 436, 435, and 428 March, with resistance at 446, 451, and 456 March. Trends in Minneapolis are mixed. Support is at 512, 508, and 506 March, and resistance is at 522, 531, and 534 March.

COT — Supplemental Report – Option and Futures Combined Positions as of November 26, 2019
: Reportable Positions : Nonreportable
:—————————————————————————————- : Positions
: Non-Commercial : Commercial : Index Traders : Total
: Long : Short :Spreading: Long : Short : Long : Short : Long : Short : Long : Short
——————————————————————————————————————-
WHEAT-SRW – CHICAGO BOARD OF TRADE
CFTC Code #001602 Open Interest is 433,889
: Positions :
: 58,699 71,611 147,759 55,657 129,889 142,711 40,377 404,827 389,637: 29,062 44,252
: Changes from: November 19, 2019 (Change in open interest: -65,500) :
: 1,653 -11,365 -27,020 -26,380 -7,679 -13,006 -16,475 -64,753 -62,538: -747 -2,962
: Percent of Open Interest Represented by Each Category of Trader :
: 13.5 16.5 34.1 12.8 29.9 32.9 9.3 93.3 89.8: 6.7 10.2
: Total Traders: 364 Number of Traders in Each Category :
: 75 105 127 68 106 52 27 280 296:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of November 26, 2019
: Reportable Positions : Nonreportable
:—————————————————————————————- : Positions
: Non-Commercial : Commercial : Index Traders : Total
: Long : Short :Spreading: Long : Short : Long : Short : Long : Short : Long : Short
——————————————————————————————————————-
WHEAT-HRW – CHICAGO BOARD OF TRADE
CFTC Code #001612 Open Interest is 278,314
: Positions :
: 50,220 65,934 64,396 64,283 98,760 72,428 29,476 251,327 258,567: 26,987 19,747
: Changes from: November 19, 2019 (Change in open interest: -33,120) :
: 924 -5,975 -15,823 -11,781 -5,896 -2,460 -4,363 -29,140 -32,056: -3,980 -1,063
: Percent of Open Interest Represented by Each Category of Trader :
: 18.0 23.7 23.1 23.1 35.5 26.0 10.6 90.3 92.9: 9.7 7.1
: Total Traders: 264 Number of Traders in Each Category :
: 69 47 71 78 75 38 14 218 181:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 26, 2019
: 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 63,884 :
: Positions :
: 35,969 23,491 775 0 14 1,418 21,997 2,270 6,446 1,097 3,325 :
: Changes from: November 19, 2019 :
: -3,907 -7,436 -48 0 -59 -52 6,539 738 159 -358 -1,713 :
: Percent of Open Interest Represented by Each Category of Trader :
: 56.3 36.8 1.2 0.0 0.0 2.2 34.4 3.6 10.1 1.7 5.2 :
: Number of Traders in Each Category Total Traders: 95 :
: 48 35 . 0 . 5 18 7 12 4 12 :
—————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 26, 2019
: Reportable Positions :
:————————————————————————————————————- :
: Producer/Merchant : : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables :
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading :
—————————————————————————————————————-
BLACK SEA WHEAT FINANCIAL – CHICAGO BOARD OF TRADE 50 Metric Tons :
CFTC Code #00160F Open Interest is 16,342 :
: Positions :
: 7,620 14,774 501 220 641 4,733 0 220 2,096 0 77 :
: Changes from: November 19, 2019 :
: -318 684 -78 0 492 451 0 -80 269 -300 77 :
: Percent of Open Interest Represented by Each Category of Trader :
: 46.6 90.4 3.1 1.3 3.9 29.0 0.0 1.3 12.8 0.0 0.5 :
: Number of Traders in Each Category Total Traders: 26 :
: 8 17 . . . 4 0 . . 0 . :
—————————————————————————————————————-

RICE
General Comments: Rice was higher again yesterday but seems to be running into upside targets for the move. The weekly charts are also bullish but also show the chance for some selling to develop in the short-term. Demand for US Rice remains generally positive and the weekly export sales report was very strong. The export sales pace in general has been very good and USDA could be forced to increase export demand and cut ending stocks estimate in future reports. The US domestic market is now quiet with the harvest mostly done and no one real interested in selling. Mills and exporters are thought to be covered but anyone who needs to buy paddy Rice from farmers will be forced to pay higher prices after not finding much selling interest at all.
Overnight News: The Delta should get dry weather. Temperatures should be below normal but near to above normal this weekend.
Chart Analysis: Trends are up with objectives of 1252 and 1299 January. Support is at 1236, 1224, and 1214 January, with resistance at 1256, 1264, and 1276 January.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 26, 2019
: 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 10,136 :
: Positions :
: 6,038 5,964 119 110 0 755 1,038 23 489 900 992 :
: Changes from: November 19, 2019 :
: -156 250 -1 0 0 166 -459 15 -148 203 41 :
: Percent of Open Interest Represented by Each Category of Trader :
: 59.6 58.8 1.2 1.1 0.0 7.4 10.2 0.2 4.8 8.9 9.8 :
: Number of Traders in Each Category Total Traders: 54 :
: 18 15 . . 0 4 4 . 9 7 12 :
—————————————————————————————————————-

CORN AND OATS
General Comments: Corn closed slightly higher after trading both sides of unchanged yesterday. The moves helped support ideas that the market action of late last week was a sign of an exhausted down move. The market has been short Corn as farmers have been holding. That means that there I very little Corn available to the domestic and international cash market. Ukraine has been selling and offers from Argentina have been less, but almost nothing is available here in the US and the US is still the king when it comes to Corn. The charts show a new leg down getting started on Wednesday and then rejected on Friday.
Overnight News:
Chart Analysis: Trends in Corn are mixed. Support is at 377, 373, and 370 March, and resistance is at 385, 387, and 392 March. Trends in Oats are down with objectives of 295 March. Support is at 305, 301, and 198 March, and resistance is at 310, 312, and 318 March.

COT — Supplemental Report – Option and Futures Combined Positions as of November 26, 2019
: Reportable Positions : Nonreportable
:—————————————————————————————- : Positions
: Non-Commercial : Commercial : Index Traders : Total
: Long : Short :Spreading: Long : Short : Long : Short : Long : Short : Long : Short
——————————————————————————————————————-
CORN – CHICAGO BOARD OF TRADE
CFTC Code #002602 Open Interest is 1,748,799
: Positions :
: 123,051 260,966 390,488 534,908 751,747 400,914 146,450 1,449,361 1,549,652: 299,438 199,148
: Changes from: November 19, 2019 (Change in open interest: -324,697) :
: 6,921 -15,005 -172,467 -105,022 -70,629 -31,732 -39,252 -302,301 -297,354: -22,396 -27,343
: Percent of Open Interest Represented by Each Category of Trader :
: 7.0 14.9 22.3 30.6 43.0 22.9 8.4 82.9 88.6: 17.1 11.4
: Total Traders: 782 Number of Traders in Each Category :
: 137 131 168 379 357 54 31 658 609:
——————————————————————————————————————-

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 26, 2019
: 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 7,448 :
: Positions :
: 1,990 5,573 127 0 0 1,993 0 0 1,434 164 136 :
: Changes from: November 19, 2019 :
: -57 151 -1 0 0 465 0 0 21 -6 -160 :
: Percent of Open Interest Represented by Each Category of Trader :
: 26.7 74.8 1.7 0.0 0.0 26.8 0.0 0.0 19.3 2.2 1.8 :
: Number of Traders in Each Category Total Traders: 30 :
: 9 10 . 0 0 9 0 0 5 . . :
—————————————————————————————————————-

SOYBEANS AND PRODUCTS
General Comments: Soybeans and the products were lower again yesterday. Soybeans have been working sharply lower for the past month as the market is tired of hearing about the potential US-China trade deal and wants to see the real thing. There does not seem to be any other news of interest to traders in the entire complex. The US harvest is entering its final stages now and many producers are putting their Soybeans into storage and not selling. This has caused basis levels to firm in the country and at the Gulf of Mexico. Domestic demand was strong in the NOPA data. The market was also affected by news headlines about the trade talks with China. Word most of the week that a Phase One deal was progressing well and that tariffs on both sides would be cut back as a part of any deal helped support futures for much of the week. USDA showed that China continued to be a strong buyer in the US market in its weekly reports on Friday. The market has not been that strong given the great export sales reports and news of more sales on the daily system.
Overnight News:
Chart Analysis: Trends in Soybeans are down with no objectives. Support is at 868, 865, and 856 January, and resistance is at 883, 887, and 894 January. Trends in Soybean Meal are down with objectives of 292.00 January. Support is at 292.00, 289.00, and 286.00 January, and resistance is at 297.00, 301.00, and 303.00 January. Trends in Soybean Oil are down with objectives of 2990, 2930, and 2890 January. Support is at 3010, 2980, and 2950 January, with resistance at 3050, 3080, and 3130 January.

COT — Supplemental Report – Option and Futures Combined Positions as of November 26, 2019
: Reportable Positions : Nonreportable
:—————————————————————————————- : Positions
: Non-Commercial : Commercial : Index Traders : Total
: Long : Short :Spreading: Long : Short : Long : Short : Long : Short : Long : Short
——————————————————————————————————————-
SOYBEANS – CHICAGO BOARD OF TRADE
CFTC Code #005602 Open Interest is 930,712
: Positions :
: 70,224 127,869 253,987 330,317 416,159 205,980 61,662 860,508 859,676: 70,204 71,036
: Changes from: November 19, 2019 (Change in open interest: 47,372) :
: -16,286 35,054 25,421 39,680 -20,789 -4,900 6,037 43,915 45,724: 3,456 1,648
: Percent of Open Interest Represented by Each Category of Trader :
: 7.5 13.7 27.3 35.5 44.7 22.1 6.6 92.5 92.4: 7.5 7.6
: Total Traders: 610 Number of Traders in Each Category :
: 144 122 189 208 219 53 30 505 483:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of November 26, 2019
: Reportable Positions : Nonreportable
:—————————————————————————————- : Positions
: Non-Commercial : Commercial : Index Traders : Total
: Long : Short :Spreading: Long : Short : Long : Short : Long : Short : Long : Short
——————————————————————————————————————-
SOYBEAN OIL – CHICAGO BOARD OF TRADE
CFTC Code #007601 Open Interest is 552,038
: Positions :
: 89,003 42,813 128,824 122,775 313,484 173,744 40,740 514,345 525,861: 37,693 26,178
: Changes from: November 19, 2019 (Change in open interest: -2,251) :
: -4,382 5,618 -12,518 6,013 -4,335 10,823 10,116 -65 -1,118: -2,187 -1,133
: Percent of Open Interest Represented by Each Category of Trader :
: 16.1 7.8 23.3 22.2 56.8 31.5 7.4 93.2 95.3: 6.8 4.7
: Total Traders: 332 Number of Traders in Each Category :
: 88 62 123 78 74 43 22 285 244:
——————————————————————————————————————-

COT — Supplemental Report – Option and Futures Combined Positions as of November 26, 2019
: Reportable Positions : Nonreportable
:—————————————————————————————- : Positions
: Non-Commercial : Commercial : Index Traders : Total
: Long : Short :Spreading: Long : Short : Long : Short : Long : Short : Long : Short
——————————————————————————————————————-
SOYBEAN MEAL – CHICAGO BOARD OF TRADE
CFTC Code #026603 Open Interest is 446,390
: Positions :
: 39,753 71,182 86,590 154,277 217,764 118,469 40,616 399,089 416,152: 47,301 30,238
: Changes from: November 19, 2019 (Change in open interest: -8,235) :
: 2,590 12,526 -10,096 -1,059 -16,801 4,802 5,923 -3,763 -8,448: -4,471 213
: Percent of Open Interest Represented by Each Category of Trader :
: 8.9 15.9 19.4 34.6 48.8 26.5 9.1 89.4 93.2: 10.6 6.8
: Total Traders: 311 Number of Traders in Each Category :
: 63 76 92 101 87 37 14 254 231:
——————————————————————————————————————-

CANOLA AND PALM OIL
General Comments: Canola was lower on price action in Chicago Soybean Oil and as the weather is allowing Canadian farmers to finish with the Canola harvest. Prices are still in a range that has held for the week. Demand from crusher is reported to be good but there is a lot of Canola in the pipeline right now. Palm Oil was higher. Price action is very strong. USDA projected world vegetable oils ending stocks at the lowest level in 40 years in its recent reports.
Overnight News:
Chart Analysis: Trends in Canola are mixed. Support is at 460.00, 458.00, and 455.00 January, with resistance at 466.00, 468.00, and 471.00 January. Trends in Palm Oil are mixed to up with objectives of 2690 and 2770 February. Support is at 2580, 2520, and 2470 February, with resistance at 2630, 2680, and 2710 February.

Disaggregated Commitments of Traders- Options and Futures Combined Positions as of November 26, 2019
: Reportable Positions :
:————————————————————————————————————- :
: Producer/Merchant : : : :
: Processor/User : Swap Dealers : Managed Money : Other Reportables :
: Long : Short : Long : Short :Spreading: Long : Short :Spreading: Long : Short :Spreading :
—————————————————————————————————————-
CANOLA – ICE FUTURES U.S. (20 Metric Tonnes) :
CFTC Code #135731 Open Interest is 185,442 :
: Positions :
: 149,555 83,013 7,841 1,963 369 582 51,427 7,386 3,357 23,884 15,444 :
: Changes from: November 19, 2019 :
: -1,082 -255 43 -21 16 -276 -565 -406 -283 -1,000 3,474 :
: Percent of Open Interest Represented by Each Category of Trader :
: 80.6 44.8 4.2 1.1 0.2 0.3 27.7 4.0 1.8 12.9 8.3 :
: Number of Traders in Each Category Total Traders: 246 :
: 44 66 5 . . . 56 9 33 62 32 :
—————————————————————————————————————-

Midwest Weather Forecast: Some light rain or snow over the weekend but dry this week. Temperatures should average below normal but will moderate into the weekend.

US Gulf Cash Basis
Corn HRW SRW Soybeans Soybean Meal Soybean Oil
November +54 Dec +180 Dec +95 Dec +62 Jan +12 Dec N/A
December +55 Dec +95 Dec +60 Jan
January +55 Mar +90 Mar +57 Jan
All basis levels are positive unless noted as negative

DJ ICE Canada Cash Grain Close – Dec 2
WINNIPEG — The following are the closing cash
canola prices from ICE Futures.
Source: ICE Futures
Price Basis Contract Change
CANOLA
*Par Region 426.60 -30.00 Jan 2020 dn 1.30
Basis: Thunder Bay 462.10 10.00 Jan 2020 dn 4.50
Basis: Vancouver 470.10 18.00 Jan 2020 dn 4.50
All prices in Canadian dollars per metric tonne.
*Quote for previous day
Source: Commodity News Service Canada
(news@marketsfarm.comm, or 204-414-9084)

DJ Malaysian PM Cash Market Prices for Palm Oil – December 3
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Tuesday, 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
Dec 660.00 +07.50 Unquoted – –
Jan 670.00 +07.50 Unquoted – –
Feb/Mar 675.00 00.00 Unquoted – –
Apr/May/Jun 667.50 +02.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
Dec 662.50 +07.50 Unquoted – –
Jan 672.50 +07.50 Unquoted – –
Feb/Mar 677.50 00.00 Unquoted – –
Apr/May/Jun 670.00 +02.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
Dec 665.00 +10.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
Dec 542.50 +02.50 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Dec 2,720.00 +20.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
Dec 206.00 +02.00 Unquoted – –
($1=MYR4.1730)

DJ China Dalian Grain Futures Closing Prices, Volume – Dec 03
Soybean No. 1
Turnover: 374,478 lots, or 13.31 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-20 3,389 3,460 3,380 3,457 3,376 3,407 31 219,960 118,802
Mar-20 3,462 3,517 3,446 3,505 3,444 3,481 37 62 128
May-20 3,693 3,810 3,689 3,804 3,684 3,758 74 147,890 127,520
Jul-20 3,812 3,812 3,808 3,810 3,735 3,810 75 14 52
Sep-20 3,779 3,873 3,766 3,872 3,761 3,822 61 6,546 15,650
Nov-20 3,850 3,850 3,850 3,850 3,782 3,850 68 6 6
Corn
Turnover: 1,012,096 lots, or 18.88 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Jan-20 1,823 1,833 1,822 1,831 1,824 1,827 3 355,920 652,362
Mar-20 1,848 1,850 1,839 1,849 1,846 1,844 -2 130,888 610,798
May-20 1,890 1,898 1,887 1,898 1,893 1,892 -1 492,774 1,118,494
Jul-20 1,923 1,927 1,917 1,927 1,921 1,923 2 642 9,432
Sep-20 1,947 1,957 1,945 1,955 1,951 1,949 -2 29,740 136,432
Nov-20 1,965 1,971 1,959 1,968 1,968 1,964 -4 2,132 1,830
Soymeal
Turnover: 2,566,984 lots, or 71.07 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Dec-19 2,780 2,780 2,780 2,780 2,753 2,780 27 4 3,000
Jan-20 2,833 2,843 2,819 2,836 2,826 2,830 4 433,892 719,182
Mar-20 2,774 2,785 2,759 2,775 2,774 2,770 -4 128,266 471,004
May-20 2,743 2,761 2,735 2,753 2,750 2,747 -3 1,720,320 2,766,230
Jul-20 2,764 2,780 2,759 2,774 2,766 2,769 3 126 2,036
Aug-20 – – – 2,796 2,790 2,796 6 0 166
Sep-20 2,801 2,815 2,790 2,805 2,805 2,801 -4 284,320 1,278,952
Nov-20 2,806 2,824 2,805 2,824 2,814 2,814 0 56 64
Palm Oil
Turnover: 3,373,948 lots, or 18.94 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Dec-19 – – – 5,500 5,500 5,500 0 0 0
Jan-20 5,580 5,612 5,502 5,594 5,556 5,548 -8 1,456,858 470,490
Feb-20 5,620 5,620 5,574 5,594 5,606 5,586 -20 22 712
Mar-20 5,562 5,724 5,562 5,724 5,648 5,642 -6 10 18
Apr-20 – – – 5,652 5,652 5,652 0 0 8
May-20 5,718 5,724 5,616 5,718 5,702 5,666 -36 1,885,876 832,926
Jun-20 – – – 5,680 5,680 5,680 0 0 10
Jul-20 – – – 5,700 5,700 5,700 0 0 604
Aug-20 – – – 5,682 5,682 5,682 0 0 2
Sep-20 5,534 5,550 5,446 5,532 5,524 5,484 -40 31,132 71,244
Oct-20 – – – 5,620 5,670 5,620 -50 0 6
Nov-20 5,508 5,520 5,430 5,520 5,616 5,504 -112 50 22
Soybean Oil
Turnover: 1,033,110 lots, or 64.07 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
Dec-19 – – – 6,122 6,122 6,122 0 0 4
Jan-20 6,234 6,252 6,170 6,244 6,236 6,206 -30 197,902 280,024
Mar-20 – – – 6,368 6,368 6,368 0 0 724
May-20 6,224 6,248 6,156 6,236 6,232 6,202 -30 802,138 875,386
Jul-20 – – – 6,236 6,236 6,236 0 0 530
Aug-20 – – – 6,198 6,198 6,198 0 0 0
Sep-20 6,186 6,194 6,102 6,180 6,192 6,142 -50 33,068 209,048
Nov-20 6,176 6,176 6,176 6,176 6,280 6,176 -104 2
Notes:
1) Unit is Chinese yuan a metric ton;
2) Ch. is day’s settlement minus previous settlement;
3) Volume and open interest are in lots;
4) One lot is equivalent to 10 metric tons.