Group 1 - Jim Wyckoff has over 25 years of experience in stock, financial, and commodity markets, including roles as a financial journalist and reporter on commodity futures trading floors in Chicago and New York [1] - He has covered every futures market traded in the U.S. at various times throughout his career [1] - Jim is the owner of "Jim Wyckoff on the Markets," which provides analytical, educational, and trading advisory services [2] Group 2 - He has worked as a technical analyst for Dow Jones Newswires and as a senior market analyst with TraderPlanet.com [2] - Jim is also a consultant for the "Pro Farmer" agricultural advisory service and was the head equities analyst at CapitalistEdge.com [2] - He holds a degree in journalism and economics from Iowa State University [2]

Group 1: Commodity Market Overview - The domestic commodity futures market showed mixed results on December 29, with iron ore futures rising over 2%, while platinum and palladium contracts hit the daily limit down with a 10% decline [1][4] - The China Securities Commodity Futures Price Index closed at 1591.87 points, down 1.09 points or 0.07% from the previous trading day [1] Group 2: Iron Ore Market Insights - Iron ore futures continued to rise, driven by winter storage and replenishment expectations, with the main contract increasing by 2.58% [2] - Current iron ore supply remains high, and while there is upward pressure from downstream demand, the market is also influenced by high supply from Brazil [2] - The late timing of the Spring Festival has delayed market replenishment, providing some support for iron ore prices in the short term [2] Group 3: Corn Market Dynamics - Corn futures increased by 1.86%, reaching a two-week high, supported by heavy snowfall in Northeast China, which slowed port collection and increased price support from grain holders [3] - The market is optimistic about the future price of Northeast corn, with a focus on the pace of grain sales and potential policy impacts on grain supply [3] Group 4: Precious Metals Volatility - The precious metals market experienced significant volatility, with platinum and palladium contracts dropping to the daily limit down of 10% [4] - Silver prices showed a large intraday fluctuation, with a rise of 0.51% despite a drop from earlier highs, indicating a complex interplay of macroeconomic factors and market sentiment [3][4] Group 5: Lithium Carbonate Market Trends - Lithium carbonate futures hit the daily limit down, closing with a 7.89% decline, as market sentiment cooled and fundamental expectations weakened [5] - Despite the price drop, lithium carbonate production remains high, indicating strong supply-side resilience, while demand from the energy storage sector continues to improve [5]

Group 1 - Bitcoin's price has been volatile, with recovery attempts facing challenges, and demand from ETF investors showing inconsistency [1][2] - BlackRock has positioned its spot Bitcoin ETF as a key investment theme for 2025, indicating a long-term commitment despite short-term price fluctuations [2][3] - Year-to-date net inflows into BlackRock's Bitcoin ETF are approximately $29.6 billion, with cumulative inflows reaching $62.5 billion since its launch, reflecting sustained institutional interest [3] Group 2 - Bitcoin ETFs have experienced outflows on about half of the trading days in the past month, indicating a cooling demand among short-term investors [4] - On a recent Monday, Bitcoin ETFs collectively saw $142 million in net outflows, highlighting investor caution amid price uncertainty [5] - Despite mixed spot demand, perpetual futures positioning is expanding, with open interest rising from 304,000 BTC to 310,000 BTC, a 2% increase [6][7] Group 3 - Funding rates for Bitcoin have increased from 0.04% to 0.09%, suggesting renewed leveraged long positioning as traders prepare for potential year-end movements [7] - Bitcoin is currently trading near $87,400, just below the $88,210 resistance level, with technical indicators suggesting potential for short-term gains if current levels are defended [8]

Core Insights - Jim Wyckoff has over 25 years of experience in stock, financial, and commodity markets, including roles as a financial journalist and market analyst [1][2] - He has covered all futures markets traded in the U.S. and has worked with various financial news and advisory services [1][2] Group 1 - Jim Wyckoff is the proprietor of "Jim Wyckoff on the Markets," which offers analytical, educational, and trading advisory services [2] - He has held positions as a technical analyst for Dow Jones Newswires and as a senior market analyst with TraderPlanet.com [2] - Wyckoff is also a consultant for the "Pro Farmer" agricultural advisory service and was the head equities analyst at CapitalistEdge.com [2] Group 2 - He provides daily market roundups and technical analysis on Kitco.com [3]

1. Report Industry Investment Rating No relevant content provided. 2. Core Views of the Report Palm Oil - International market: Malaysian BMD crude palm oil futures are in a low - level oscillatory consolidation. After short - term consolidation, there is a need to rebound to 4,200 - 4,250 ringgit. However, beware of the risk of a technical decline due to concerns about slow exports and high seasonal production, with a possible second dip to 4,000 ringgit for support [3]. - Domestic market: Dalian palm oil futures are in an oscillatory rebound. Driven by the continuous rebound of soybean and rapeseed oils, it may follow the upward trend and test the annual - line resistance at 8,900 yuan, and may briefly break through to fill the gap around 8,950 yuan. But it may also follow the decline to seek support at 8,500 yuan if Malaysian palm oil has a second dip to 4,000 ringgit [3]. Soybean Oil - Domestic soybean oil: Due to the swelling of soybean meal warehouses, the recent factory operating rate has decreased, resulting in reduced soybean oil output and inventory. The recent rebound of soybean oil and the "buy - on - rising" psychology of some traders have boosted the futures market. However, the limited fluctuations of international related varieties have restricted the increase of Dalian soybean oil. The upper pressure of the CBOT soybean oil January contract is around 8,350 yuan on the daily upper - track. If the USDA monthly report fails to boost CBOT soybeans and soybean oil, CBOT soybeans may回调, dragging down Dalian soybean oil [4]. Oilseeds - Soybean Meal - Futures: Although China has made moderate purchases of US soybeans, the continuous poor crushing profit of oil mills has led to less than 50% of the ship - buying progress from December to February. The low crushing profit provides bottom support for prices, but the continuous increase of short positions by COFCO restricts the upward space. It is expected that Dalian soybean meal will remain oscillating in the range of 3,030 - 3,070 yuan in the short term [13]. - Spot: The fixed - price of oil mills remains stable, and the near - month basis has been partially reduced by 10 yuan. The news of Cofco's reserve rotation has affected market sentiment, and the downstream purchasing rhythm is slow. Some make moderate replenishments before the release of the US agricultural report. The short - term spot price is expected to be sorted out in the range of 3,000 - 3,250 yuan/ton [13]. 3. Summary by Related Catalogs Oil - Fat Price and Spread - **Month - to - month and variety - to - variety spreads**: Various spreads such as P 1 - 5, Y - P 01, etc. have different price changes. For example, P 1 - 5 is - 84 yuan/ton with a daily increase of 18 yuan, and Y - P 01 is - 532 yuan/ton with a daily decrease of 70 yuan [5]. - **Palm oil prices**: Palm oil 01 is 8,744 yuan/ton with a decline of 0.3%, BMD palm oil main contract is 4,123 ringgit/ton with a decline of 0.34%, etc [5]. - **Soybean oil prices**: Soybean oil 01 is 8,288 yuan/ton with an increase of 0.16%, CBOT soybean oil main contract is 51.04 cents/pound with an increase of 1.01%, etc [9]. Oilseed Price and Spread - **Futures prices**: For example, the closing price of bean粕01 is 3,059 with an increase of 5 and a rise - rate of 0.16%, and the closing price of菜粕01 is 2,494 with a decrease of 6 and a decline - rate of - 0.24% [14]. - **Price spreads**: M01 - 05 is 218 with a daily decrease of 16, RM01 - 05 is 79 with a daily decrease of 20, etc [15].

Core Insights - Jim Wyckoff has over 25 years of experience in stock, financial, and commodity markets, including roles as a financial journalist and market analyst [1][2] - He has covered all futures markets traded in the U.S. and has worked with various financial news and advisory services [1][2] Company and Industry Summary - Jim Wyckoff operates the "Jim Wyckoff on the Markets" service, which provides analytical, educational, and trading advisory content [2] - He has held positions as a technical analyst for Dow Jones Newswires and as a senior market analyst with TraderPlanet.com [2] - Wyckoff is also a consultant for the "Pro Farmer" agricultural advisory service and was the head equities analyst at CapitalistEdge.com [2] - He has a degree in journalism and economics from Iowa State University [2] - Daily updates and technical analysis are provided by Wyckoff on Kitco.com [3]

Core Insights - Jim Wyckoff has over 25 years of experience in stock, financial, and commodity markets, including roles as a financial journalist and market analyst [1][2] - He has covered all futures markets traded in the U.S. and has worked with various financial news and advisory services [1][2] Company and Industry Summary - Jim Wyckoff operates the "Jim Wyckoff on the Markets" service, which provides analytical, educational, and trading advisory content [2] - He has held positions as a technical analyst for Dow Jones Newswires and as a senior market analyst with TraderPlanet.com [2] - Wyckoff is also a consultant for the "Pro Farmer" agricultural advisory service and was the head equities analyst at CapitalistEdge.com [2] - He has a degree in journalism and economics from Iowa State University [2] - Daily market updates and technical analysis are provided by Wyckoff on Kitco.com [3]

Group 1 - Jim Wyckoff has over 25 years of experience in stock, financial, and commodity markets [1] - He has worked as a financial journalist and covered various futures markets in the U.S. [1] - Jim is the proprietor of an analytical, educational, and trading advisory service [2] Group 2 - He has held positions as a technical analyst for Dow Jones Newswires and as a senior market analyst with TraderPlanet.com [2] - Jim has also been a consultant for the "Pro Farmer" agricultural advisory service [2] - He was the head equities analyst at CapitalistEdge.com [2] Group 3 - Jim provides daily market roundups and technical analysis on Kitco.com [3]

Core Insights - Jim Wyckoff has over 25 years of experience in stock, financial, and commodity markets, including roles as a financial journalist and market analyst [1][2] - He has covered all futures markets traded in the U.S. and has worked with various financial news and advisory services [1][2] Company and Industry Summary - Jim Wyckoff operates an analytical, educational, and trading advisory service called "Jim Wyckoff on the Markets" [2] - He has held positions as a technical analyst for Dow Jones Newswires and as a senior market analyst with TraderPlanet.com [2] - Wyckoff is also a consultant for the "Pro Farmer" agricultural advisory service and was the head equities analyst at CapitalistEdge.com [2] - He provides daily market roundups and technical analysis on Kitco.com [3]

Group 1 - Jim Wyckoff has over 25 years of experience in stock, financial, and commodity markets [1] - He has worked as a financial journalist and covered various futures markets in the U.S. [1] - Jim is the proprietor of an analytical, educational, and trading advisory service [2] Group 2 - He has held positions as a technical analyst for Dow Jones Newswires and as a senior market analyst with TraderPlanet.com [2] - Jim has also been a consultant for the "Pro Farmer" agricultural advisory service [2] - He was the head equities analyst at CapitalistEdge.com [2] Group 3 - Jim provides daily market roundups and technical analysis on Kitco.com [3]