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]

Core Insights - The domestic futures market for oilseeds and oils showed a positive trend on June 16, with palm oil futures rising nearly 4% [1] - As of the latest data, palm oil futures increased by 3.76% to 8436.00 CNY/ton, while other oilseed futures like rapeseed meal and soybean oil also experienced price changes [1][2] Price Movements - Palm oil futures opened at 8170.00 CNY and closed at 8436.00 CNY, reflecting a significant increase [2] - Soybean oil futures rose by 2.57% to 7970.00 CNY, while rapeseed oil increased by 1.86% to 9476.00 CNY [1][2] Warehouse Receipt Data - As of June 13, soybean oil futures warehouse receipts remained stable at 17552 lots, while palm oil and rapeseed oil also showed no change [3] - A decrease was noted in warehouse receipts for soybean meal and rapeseed meal, with reductions of 81 lots and 60 lots respectively [3] Basis and Spot Prices - The basis for various oilseed contracts indicated a phenomenon of "inverted futures" where spot prices exceeded futures prices for rapeseed oil, palm oil, and soybean oil [3] - For instance, the basis for palm oil was 398 CNY, indicating a 4.67% basis rate, while soybean oil had a basis of 294 CNY, reflecting a 3.65% basis rate [4]

Group 1 - The Bloomberg Commodity Index fell by 2.25% in May, closing at 30.72 points on May 30, after reaching a low of 30.25 points on May 13, indicating a period of low volatility [1] - CBOT corn futures decreased by 6.73%, settling at $4.43 per bushel [1] - CBOT wheat futures increased by 0.42%, reaching $5.33 per bushel [1] Group 2 - CBOT soybean futures declined by 0.22%, closing at $10.42 per bushel, with a peak of $10.82 on May 14 [1] - Soymeal futures fell by 0.80%, while soybean oil futures dropped by 2.07% [1] - ICE raw sugar futures decreased by 2.06%, and ICE white sugar futures fell by 3.08% [1] Group 3 - ICE Arabica coffee futures experienced a significant decline of 17.26%, while coffee "C" futures dropped by 14.61% [1] - Robusta coffee futures fell by 16.09% [1] - New York cocoa futures rose by 9.79%, closing at $9,757 per ton, after peaking at $11,280 on May 20 [1] Group 4 - London cocoa futures increased by 2.41% [1] - ICE cotton futures decreased by 1.41% [1]

Group 1 - Steel exports continue to remain significantly above the monthly average of 9.2 million tons, indicating strong market performance [1] - Stable demand is supporting iron ore prices, suggesting potential for a market uptrend [1]