Report Industry Investment Rating No information provided in the given content. Core Viewpoints of the Report - **Sugar**: International sugar prices face downward pressure due to India's planned resumption of sugar exports in the 2025/26 season and other bearish factors, but the downside of raw sugar is limited. In the domestic market, there is limited room for a rebound after the release of negative factors, and a bearish outlook is maintained in the medium to long term [3]. - **Pulp**: As the peak season approaches, downstream demand is expected to improve, and the demand for wood pulp replenishment may increase. Policy expectations and sentiment have improved, providing some support for pulp at a low valuation, but caution is still needed regarding the upside potential [4]. - **Offset Paper**: There are expectations of improved demand as the peak season approaches, which provides some support for the spot price. However, the upward driving force is not clear, and the price increase may be limited. Consideration can be given to inter - month reverse spreads and medium - term long - pulp short - paper arbitrage [6]. - **Cotton**: Both the international and domestic cotton markets are affected by factors such as the expected Fed rate cut and the balance between old - season supply tightening and new - season supply expectations. Short - term prices may fluctuate repeatedly [7]. - **Apples**: The main logic is the expected difference in the new season. As the new season harvest approaches, the output and high - quality fruit rate will be verified. Short - term prices are expected to remain within a range [8]. - **Jujubes**: The weather trading window is shortening, and the futures premium over the spot has converged. The inventory is being depleted faster, and the market is in a state of seeking direction. Aggressive investors can short at high levels, and cautious investors can consider reverse spreads [10]. Summary by Directory Part I: Sector Strategy Recommendations - **Fresh Fruit Futures**: For Apple 2601, adopt a range - trading strategy with a support range of 7500 - 7600 and a pressure range of 8500 - 8600. For Jujube 2601, short at high levels, with a support range of 10500 - 11000 and a pressure range of 11500 - 12000 [18]. - **Soft Commodity Futures**: For Sugar 2601, short on rebounds, with a support range of 5480 - 5500 and a pressure range of 5580 - 5600. For Pulp 2511, take a bearish view within the range, with a support range of 4900 - 495 and a pressure range of 5150 - 5200. For Offset Paper 2601, short on rebounds, with a support range of 4100 - 4200 and a pressure range of 4400 - 4500. For Cotton 2601, adopt a range - trading strategy, with a support range of 13500 - 13600 and a pressure range of 14300 - 14400 [18]. Part II: Market News Changes 1. Apple Market - **Fundamental Information**: In July, China's fresh apple exports were about 5.36 tons, a month - on - month increase of 44.59% and a year - on - year decrease of 18.39%. As of September 10, 2025, the cold - storage inventory in the main apple - producing areas was 20.91 tons, a month - on - month decrease of 6.44 tons. Different institutions have different estimates of apple production, with one showing a 2.03% decrease and the other a 2.35% increase [19]. - **Spot Market**: The mainstream transaction price in the Shandong production area is stable. The early - maturing variety Red General has entered the market, with significant price differences. The transaction price in the northwest production area is high, and the price in the sales area is stable [20][21]. 2. Jujube Market The physical inventory of 36 sample points this week is 9321 tons, a week - on - week decrease of 0.95% and a year - on - year increase of 78.32%. The market is in a state of seeking direction [22]. 3. Sugar Market India plans to start sugar exports in the new season starting in October 2025. The spot sugar price in Guangxi and Kunming has remained relatively stable, with some merchants slightly reducing their quotes [24]. 4. Pulp Market Some suppliers have reduced the price of non - NBSK softwood pulp by $10/ton, while most suppliers intend to keep the price of imported NBSK unchanged. South American hardwood pulp suppliers have raised prices, but Chinese buyers are reluctant to accept the increase [27]. 5. Offset Paper Market The mainstream transaction prices in different regions such as Shandong, Guangdong, Beijing, and Sichuan vary, with some prices decreasing and some remaining stable. The market is in a state of weak demand and more wait - and - see sentiment [28][29]. 6. Cotton Market In August 2025, Brazil exported 7.8 tons of cotton, a year - on - year decrease of 30.7%. The 2025/26 annual export volume is expected to reach 310 tons. The new - cotton picking progress in 2025 is 91%, and the processing progress is 31%. The cotton situation in different countries such as Pakistan, Vietnam, and India shows different import and export trends [30][31][32]. Part III: Market Review 1. Futures Market Review The closing prices, daily changes, and daily change rates of Apple 2601, Jujube 2601, Sugar 2601, Pulp 2511, and Cotton 2601 are provided, showing different trends [33]. 2. Spot Market Review The spot prices, month - on - month changes, and year - on - year changes of apples, jujubes, sugar, pulp, offset paper, and cotton are presented, with different price trends [40]. Part IV: Basis Situation No specific text content is provided, only some related figure information is mentioned [51]. Part V: Inter - month Spread Situation The inter - month spreads of apples, jujubes, sugar, and cotton are in a state of range fluctuations, and the recommended strategy is to wait and see [60]. Part VI: Futures Positioning Situation No specific text content is provided, only some related figure information is mentioned [66]. Part VII: Futures Warehouse Receipt Situation The current warehouse receipt quantities, month - on - month changes, and year - on - year changes of apples, jujubes, sugar, pulp, and cotton are given [85]. Part VIII: Option - related Data No specific text content is provided, only some related figure information is mentioned [85].

Group 1 - The main trend of nickel futures is showing a strong fluctuation, with the main contract reaching a peak of 122,900.00 yuan and closing at 122,580.00 yuan, reflecting a 1.15% increase [1] - The market is currently experiencing a short-term range trading strategy, with sufficient raw material guarantees for smelters due to the 2025 RKAB approval quota, despite ongoing policy disturbances [2] - Nickel imports in July remained high, and Indonesia's nickel pig iron supply continued to be robust in August, contributing to a high output of electrolytic nickel [2] Group 2 - The stainless steel production saw a high-level decline in July, with a marginal increase in August, while the demand for sulfate showed signs of improvement [2] - The current inventory of stainless steel is relatively large, indicating a trend towards destocking [2] - The nickel price is viewed as having potential for rebound due to the current low levels, with cost support around 120,000 yuan, and macroeconomic sentiment being relatively positive [3]

Report Overview - This is a weekly report on soybean meal and soybean oil futures from September 1st to September 5th, 2025, covering mid - term market analysis, trading strategies, and relevant data [1][2] 1. Soybean Meal Futures 1.1 Mid - term Market Analysis - **Trend Judgment**: The soybean meal main contract is in a wide - range oscillation phase. The current high soybean crushing volume by oil mills ensures stable supply, while downstream feed enterprises purchase cautiously. High US soybean good - quality rates strengthen the supply - abundant pattern. However, supported by import costs and pre - festival stocking demand, and with uncertainties in fourth - quarter soybean arrivals, the futures are expected to continue the wide - range oscillation trend. Attention should be paid to Sino - US trade progress [6] 1.2 Trading Strategies - **Last Week's Strategy Review**: The overall trend of soybean meal futures prices was sideways, with a bullish bias in funds. The M2601 contract might be in an oscillatory trend in the short term, with an expected trading range of 3000 - 3250 [10] - **This Week's Strategy Suggestion**: The overall trend of soybean meal futures prices remains sideways, with a bullish bias in funds. The M2601 contract may continue the oscillatory trend in the short term, with an expected trading range of 2980 - 3200 [11] 1.3 Relevant Data - The data sources include Wind, Mysteel, and the Great Wall Futures Trading Consultation Department, covering soybean meal weekly production, inventory, apparent consumption, weekly inventory days, basis, and oil - meal ratio [19][22][24] 2. Soybean Oil Futures 2.1 Mid - term Market Analysis - **Trend Judgment**: The soybean oil main contract is in an oscillatory consolidation phase. The current soybean oil production is at a high level year - on - year, and the overall supply - abundant pattern persists. Market sentiment is affected by factors such as Sino - US negotiation uncertainties, Fed interest - rate cut expectations, biodiesel policies, and international crude oil and related oil prices. Overall, soybean oil futures prices are expected to mainly oscillate and consolidate. A wait - and - see approach is recommended [29] 2.2 Trading Strategies - **Last Week's Strategy Review**: The overall trend of soybean oil futures prices was in an upward channel, with a bullish bias in funds. The Y2601 contract might be in a high - level oscillatory pattern in the short term [32] - **This Week's Strategy Suggestion**: The overall trend of soybean oil futures prices is in a downward channel, with a strongly bullish bias in funds. The Y2601 contract may maintain an oscillatory consolidation pattern in the short term [32] 2.3 Relevant Data - The data sources include Wind, Mysteel, and the Great Wall Futures Trading Consultation Department, covering soybean oil weekly production, inventory, basis, trading volume, soybean weekly arrivals, inventory, crushing volume, startup rate, port inventory, and Brazilian premium [42][45][47]

Core Insights - The article discusses the life and career of Su Bing, a prominent figure in the futures trading industry, who recently passed away at the age of 40 due to a sudden heart attack. His story reflects both the potential for success in trading and the health risks associated with the high-pressure environment of the industry [2][34]. Group 1: Career Journey - Su Bing started his trading career in 2015 with a capital of 600,000 yuan, but faced significant losses, reducing his capital to 80,000 yuan within three months [4]. - He developed a trading strategy based on understanding market fundamentals and technical analysis, which allowed him to capitalize on market fluctuations effectively [6][8]. - His trading success led to a significant increase in his capital, growing from 80,000 yuan to 3,000,000 yuan over several years, particularly benefiting from the rise in energy and agricultural product prices in 2021 [12][14]. Group 2: Investment Philosophy - Su Bing emphasized the importance of risk management, stating that no single loss should exceed 2% of the capital, prioritizing the avoidance of being trapped in losing positions [10]. - He documented his trading insights in a book titled "Short-term Trading Notes," which became a valuable resource for new traders in the industry [17]. - His annualized return was close to 40%, significantly higher than the average annualized return of 12%-15% for domestic futures traders, marking him as a standout in the field [15]. Group 3: Business Operations - Su Bing founded Shandong Hongye Mingyang Investment Co., Ltd., focusing on providing futures asset allocation services to familiar clients, avoiding public fundraising and complex regulatory processes [19][21]. - His approach to client management was characterized by a high level of personal responsibility, often advising clients against high-risk investments based on thorough market analysis [23][25]. Group 4: Health and Industry Impact - Despite his success, Su Bing's dedication to his work led to health issues, including symptoms of heart problems that he neglected to address [26][29]. - His untimely death has raised awareness in the financial community about the importance of health and work-life balance, prompting many to reconsider their own habits and health practices [32][34]. - Su Bing's story serves as a cautionary tale about the potential consequences of overworking in the high-stress environment of futures trading, highlighting the need for a healthier lifestyle [37].

1. Report Industry Investment Rating No relevant information was provided. 2. Core Views of the Report The report comprehensively analyzes the market performance, fundamentals, and provides trading strategies for various commodity futures, including basic metals, industrial products, black industries, agricultural products, and energy chemicals. It emphasizes the importance of considering multiple factors such as supply - demand dynamics, seasonal patterns, and policy changes when making investment decisions. 3. Summary by Relevant Catalogs Basic Metals - **Aluminum**: The electrolytic aluminum price rose slightly. Supply capacity increased, and demand showed signs of improvement. It is recommended to buy on dips [2]. - **Alumina**: The price increased. Supply capacity continued to rise, and there was an oversupply pressure. It is advisable to sell call options if holding spot [2]. - **Zinc**: The price increased. Supply increased significantly, and demand was in the off - season. It is recommended to sell on rallies [2]. - **Lead**: The price decreased. Supply and demand were both weak, with a slight inventory build - up. Interval trading is suggested [2]. Industrial Products - **Silicon**: The price declined. Supply increased, and demand improved marginally. The market is expected to fluctuate, and it is recommended to wait and see [3]. - **Lithium Carbonate**: The price dropped sharply. Supply and demand are expected to be tight from August to October. Due to large - scale outflow of long - speculating funds, the price is volatile, and it is recommended to wait and see [3]. - **Polysilicon**: The price decreased. Supply is expected to increase, and demand is relatively stable. The price is expected to fluctuate between 45,000 - 53,000 yuan/ton, and it is advisable to buy on dips [3]. Black Industry - **Rebar**: The price rose slightly. Supply and demand are balanced with structural differentiation. It is recommended to take profit on the 10/1 reverse spread and wait and see on the single - side [4]. - **Iron Ore**: The price increased. Supply and demand are moderately strong with a weakening margin. It is recommended to wait and see [5]. - **Coking Coal**: The price increased. Supply and demand are relatively loose with improving fundamentals. It is recommended to hold previous short positions [5]. Agricultural Products - **Soybean Meal**: The price changed little. Supply may shrink in the short - term and increase in the long - term. Demand has differences. The domestic price is expected to follow the international cost - end and fluctuate strongly [6]. - **Corn**: The price fluctuated narrowly. Supply increased, and demand was weak. The futures price is expected to fluctuate weakly [6]. - **Cotton**: The price fluctuated strongly. International production has differences, and domestic demand showed signs of recovery. It is recommended to buy on dips [6][7]. - **Palm Oil**: The price declined. Supply is in the seasonal increase period, and demand improved. The short - term trading is difficult, and the long - term outlook is tight [7]. - **Eggs**: The price fluctuated. Supply was sufficient, and demand may increase seasonally. The futures price is expected to be weak [7]. - **Hogs**: The price was weak. Supply was sufficient, and demand is expected to recover. It is recommended to wait and see [7]. Energy Chemicals - **LLDPE**: The price first fell and then rose. Supply increased, and demand improved. In the short - term, it will fluctuate, and in the long - term, it is advisable to short far - month contracts on rallies [8]. - **PTA**: The price was stable. PX supply is at a high level, and PTA supply is at a low level. It is recommended to go long on PX and short PTA processing fees or far - month contracts [8][9]. - **Rubber**: The price first fell and then rose. Supply increased, and demand was for rigid replenishment. It is recommended to buy on dips after a pull - back [9]. - **PP**: The price first fell and then rose. Supply increased, and demand is expected to improve. In the short - term, it will fluctuate weakly, and in the long - term, short far - month contracts on rallies [9]. - **MEG**: The price was stable. Supply and demand were in a tight balance. It is recommended to wait and see [9]. - **Styrene**: The price rebounded slightly. Supply is expected to increase, and demand is expected to improve. In the short - term, it will fluctuate, and in the long - term, short far - month contracts on rallies [9][10].

Group 1 - The domestic futures market for agricultural products showed a mostly positive trend, with apple futures experiencing a price increase of approximately 1.91%, reaching a high of 8192.00 yuan/ton [1] - The main contract for apples opened at 8100.00 yuan/ton and fluctuated between a low of 8062.00 yuan and a high of 8192.00 yuan, indicating a strong performance in the market [1] - Southwest Futures noted that the main contract represents the new season's purchase price, with a slight increase in national production, contradicting previous reduction expectations [1] Group 2 - Guotai Junan Futures highlighted that the supply of early-ripening apples has decreased in recent years, leading to a significant price differentiation in the market, with high-quality apples commanding higher prices [2] - The new season's apple bagging quantity is slightly lower than the previous season, and the purchase prices for early-ripening apples in the northwest region are higher than last year, providing some support for late-ripening varieties [2] - The market is advised to consider buying on dips in the short term, focusing on the performance of the new season's apple production [2]

Group 1: Trading Essence and Mindset - Trading is a game for losers: In the futures market, losses are the norm, while profits reward the right mindset and strategy. Accepting losses as a cost of trading is the first step towards success [4] - Good at losing, small mistakes, big wins: Successful traders know to cut losses quickly to avoid significant losses and to hold positions during profitable times. This strategy is a key to success in futures trading [4] - Mindset determines success: Futures trading is not just a financial game but also a psychological battle. Maintaining a calm mindset, free from greed and fear, is essential for success in the market [4] Group 2: Trading Strategies and Techniques - Follow the trend: Recognizing and acting in accordance with market trends is crucial for increasing the success rate in futures trading [5] - Light positions, follow the trend, stop-loss: These are the three essential tools in futures trading. Light positions reduce risk, following the trend captures market movements, and stop-loss controls the extent of losses [6] - Patience and decisive action: Futures trading requires patience to wait for the right entry point, and once the opportunity arises, decisive action is necessary. Hesitation can lead to missed opportunities [7] - Diversification and position management: Avoid concentrating all funds in a single asset or direction. Diversifying investments reduces overall risk, and proper position management is vital for risk control [7] Group 3: Market Awareness and Self-Improvement - Continuous learning and market understanding: The futures market is complex and ever-changing. Continuous learning about market dynamics, trading skills, and psychological management is key to improving trading performance [8] - Self-awareness and trading rules: Understanding personal characteristics and trading preferences helps in finding suitable trading rules. Focusing on and consistently executing a trading plan is crucial for success [8] - Balancing returns and risks: Traders must constantly weigh potential returns against risk levels. Pursuing high returns without risk control can lead to significant losses [8] Group 4: Trading Philosophy and Life Wisdom - Perseverance: Futures trading requires patience and perseverance. Consistently executing trading strategies will eventually lead to success [9] - Open-mindedness and trading principles: Traders should maintain an open mindset, unaffected by temporary gains or losses, and adhere to their trading principles without being swayed by market emotions [9] - Balance between trading and life: Futures trading is just one part of life. Finding a balance between trading and personal life is essential for sustaining long-term enthusiasm and motivation [10]

Core Viewpoint - The article provides a detailed analysis of commodity market trends, focusing on quantitative indicators for various indices and commodities, highlighting potential trading strategies and market conditions. Group 1: Quantitative Indicators - The Shanghai 50 index futures show a bullish trend with a score of 1.25, while the CSI 300 index futures have a score of 1.27, indicating a slight decrease in bullish momentum compared to previous days [4][6][8]. - The iron ore futures have a bearish trend with a score of 0.83, suggesting a weakening market condition [8][9]. - The trading pool for the Shanghai 50 index has a valuation of 1.11, indicating it is slightly overvalued, while the CSI 300 index is also overvalued at 1.13 [5][7]. Group 2: Market Analysis - Iron ore supply remains high, with 247 steel mills operating at elevated consumption levels, contributing to a stable port throughput [9]. - The profitability of steel mills is reported at 63.64%, which is significantly higher than the same period last year, reflecting a year-on-year increase of 48.49% [9]. - The article notes that the iron ore's historical low position is at 46.09, indicating it is relatively close to its historical lows [8]. Group 3: Trading Strategies - For the Shanghai 50 index, the strategy suggests holding positions for existing users and entering new positions when the index surpasses a specific level [12]. - The article recommends setting up a short position for iron ore, with specific entry and exit points based on market trends and technical indicators [10][12]. - The trading strategy emphasizes the importance of monitoring market conditions and adjusting positions accordingly, with a focus on maintaining risk management practices [10][12].

Report Industry Investment Rating No relevant content provided. Core Viewpoints of the Report - **Sugar**: The raw sugar futures price is expected to continue to fluctuate. In the domestic market, the spot price is stable with a slight decline, and the futures price is under pressure from imports. The 09 contract has significantly reduced positions, and the funds have moved to the 2601 contract, with the futures price continuing to fluctuate within a range [3]. - **Pulp**: After the exchange introduced policies, the market's exuberant sentiment cooled down. The fundamentals of the pulp and paper - making industry chain have changed little, and the futures price may adjust following the market sentiment. It is recommended to short - allocate lightly [4]. - **Cotton**: The external market has pressure on the price, while the domestic market is in a game between tight spot supply and weak downstream consumption. The short - term futures price may decline slightly, and it is recommended to close long positions [5][6]. - **Apples**: The futures price fluctuates within a range. The "anti - involution" sentiment has limited impact, and the fundamentals of the old and new seasons cannot provide clear trend guidance [7]. - **Jujubes**: The futures price is affected by emotions and shows a wide - range shock. It is recommended to hold long positions in the 2601 contract and pay attention to the weather during the fruit - setting period [8]. Summary According to the Directory Part I: Sector Strategy Recommendations - **Fresh Fruit Futures**: For Apple 2510, it is recommended to short on rallies, with a support range of 7300 - 7400 and a pressure range of 8200 - 8300. For Jujube 2601, it is recommended to hold long positions, with a support range of 10200 - 10400 and a pressure range of 10500 - 11500 [16]. - **Soft Commodity Futures**: For Sugar 2509, short - term band trading is recommended, with a support range of 5740 - 5760 and a pressure range of 5880 - 5900. For Pulp 2507, it is recommended to short - allocate lightly, with a support range of 5200 - 5250 and a pressure range of 5550 - 5600. For Cotton 2509, it is recommended to close long positions, with a support range of 13200 - 13300 and a pressure range of 14400 - 14500 [16]. Part II: Market News Changes Apple Market - **Fundamentals**: In June 2025, the export volume of fresh apples was about 3.70 tons, a month - on - month decrease of 18.62% and a year - on - year decrease of 38.55%. As of July 16, the national apple cold - storage inventory was 80.60 tons, a week - on - week decrease of 10.89 tons. As of July 17, it was 73.41 tons, a week - on - week decrease of 9.03 tons. Different institutions have different estimates of the new - season apple production, with slight increases or decreases [17]. - **Spot Market**: In the Shandong production area, the mainstream transaction price is stable, and the trading volume is average. In the Shaanxi production area, early - maturing apples are on the market, and the coloration is average. The wholesale market has stable shipments and prices [18]. Jujube Market - As of July 25, the physical inventory of 36 sample points was 10090 tons, a week - on - week decrease of 230 tons. The price of good - quality jujubes in the Hebei market has increased, and the sales speed has accelerated, while the price in the Guangdong market is stable [19]. Sugar Market - India announced that the domestic sugar sales quota for August 2025 is 225 tons, an increase of 5 tons compared with July and the same period last year. The spot price in the domestic market is stable [19]. Pulp Market - Due to the rebound of the pulp futures price on the Shanghai Futures Exchange, the purchasing enthusiasm for imported bleached softwood pulp has increased, and the price tends to be stable. The price of imported bleached hardwood pulp has stabilized, and the domestic spot price has increased slightly. The order price of South American bleached hardwood pulp in July has decreased by $10/ton compared with June [22][24]. Cotton Market - In June 2025, the yarn production of large - scale enterprises was 206.5 tons, a year - on - year increase of 4.9% and a month - on - month increase of 5.84%. The cloth production was 2.78 billion meters, a year - on - year increase of 0.4% and a month - on - month increase of 4.12%. As of July 28, the cotton flowering rate in Xinjiang was about 94.3%, with an increase in the number of bolls [25][26]. Part III: Market Review Futures Market Review | Variety | Closing Price | Daily Change | Daily Change Rate | | --- | --- | --- | --- | | Apple 2510 | 7915 | 7 | 0.09% | | Jujube 2509 | 9640 | - 40 | - 0.41% | | Sugar 2509 | 5804 | - 63 | - 1.07% | | Pulp 2509 | 5326 | - 48 | - 0.89% | | Cotton 2509 | 13755 | - 170 | - 1.22% | [26] Spot Market Review | Variety | Spot Price | Month - on - Month Change | Year - on - Year Change | | --- | --- | --- | --- | | Apple (yuan/jin) | 3.90 | 0.00 | - 0.25 | | Jujube (yuan/kg) | 9.40 | - 0.10 | - 5.30 | | Sugar (yuan/ton) | 6050 | 0 | - 500 | | Pulp (Shandong Yinxing) | 5950 | 0 | - 150 | | Cotton (yuan/ton) | 15470 | - 110 | 24 | [33] Part IV: Basis Situation No specific content provided in the summary. Part V: Inter - month Spread Situation | Variety | Spread | Current Value | Month - on - Month Change | Year - on - Year Change | Forecast | Recommended Strategy | | --- | --- | --- | --- | --- | --- | --- | | Apple | 10 - 1 | 100 | - 16 | 43 | Fluctuating | Wait - and - see | | Jujube | 9 - 1 | - 1165 | - 1110 | - 935 | Range - bound | Wait - and - see | | Sugar | 9 - 1 | 138 | 2 | - 190 | Weak in the range | Long 01, short 09 | [49] Part VI: Futures Positioning Situation No specific content provided in the summary. Part VII: Futures Warehouse Receipt Situation | Variety | Warehouse Receipt Volume | Month - on - Month Change | Year - on - Year Change | | --- | --- | --- | --- | | Apple | 0 | 0 | 0 | | Jujube | 8739 | 0 | - 2447 | | Sugar | 19520 | - 226 | 3404 | | Pulp | 254977 | - 122 | - 247037 | | Cotton | 9055 | - 101 | - 2385 | [72] Part VIII: Option - related Data No specific content provided in the summary.

Group 1 - The 19th National Futures (Options) Real Trading Competition and the 12th Global Derivatives Real Trading Competition will conclude in two months, with a total of 157,900 participating accounts as of July 29, reflecting an increase of nearly 7,000 accounts since the beginning of the month [1] - The recent market uptrend has led to a significant increase in overall profits for participants, with different groups employing relatively consistent buying strategies during this rally [1][2] - High-net-worth and quantitative groups have shown robust performance, with 60% and 58% of participants in these groups making profits, respectively, while the lightweight group has only 26% profit-making participants [2] Group 2 - Participants are adjusting their strategies in response to market conditions, with some opting to reduce positions to mitigate risks amid market uncertainties [2] - The importance of understanding the fundamental nature of the futures market is emphasized, highlighting the need for a balanced approach to trading that incorporates both long and short positions [3] - A trend-following strategy is recommended, focusing on identifying trend directions using technical tools and maintaining a dynamic risk management framework [4] Group 3 - The competition serves as a platform for both outstanding traders to shine and ordinary traders to grow, with hopes for participants to adjust strategies effectively in the final two months [5] - As of July 29, there are 520 accounts in the global competition with total funds of $46.1 million, showcasing the scale of participation [5] - Various awards are being distributed across different categories, with notable rankings in subjective, quantitative, hedging, and asset management groups [5][6]