Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York. As a journalist, he has covered every futures market traded in the U.S., at one time or another. Jim is the proprietor of the "Jim Wyckoff on the Markets" analytical, educational and trading advisory service. Jim also worked as a ...

Group 1 - The article discusses the reasons behind the recent three consecutive price cuts by investment banks in the palm oil market [1] - It raises questions about the future outlook of the palm oil market and what factors will influence it [1] - The market is expected to focus on an important upcoming report that could provide further insights into the palm oil industry [1]

Big moves in rate cut futures markets this morning on the back of the strong jobs reportJuly now has just a 5% chance at a cut (down from 24% yesterday)September has a 78% chance (down from 96% yesterday) https://t.co/uXysFMvOXX ...

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]

Summary of Apollo Global Management (APO) Conference Call Company Overview - Apollo Global Management is one of the world's largest alternative investment managers with nearly $800 billion in assets under management [2] Macro Economic Insights - Recent months have shown a normalization of investor sentiment and a fading uncertainty regarding the trade war, which is reflected in market performance [5] - The market anticipates fewer interest rate cuts than previously expected, with a likelihood of higher rates persisting for an extended period [6][7] - Higher interest rates are generally favorable for credit markets, leading to a constructive outlook for Apollo's portfolio [8] Capital Solutions Business - Apollo has successfully built a capital solutions revenue stream, which is now a significant part of its business model [11] - The capital solutions business is expected to grow, with a target of achieving $1 billion in annual revenue within five years [14] - The business has shown stability with consistent revenue generation, having achieved over $100 million in revenue for ten consecutive quarters [14] Private Credit Expansion - Apollo views the private credit market as a vast opportunity, estimating it to be a $40 trillion marketplace, primarily in investment-grade and asset-backed financing [21] - The adoption of private credit is still in its early stages, with insurance companies being the most advanced adopters [22] Origination Strategy - Apollo has doubled its origination volume over the past few years, currently running at over $200 billion per year, with expectations to reach $275 billion in the next four to five years [26] - The origination strategy is supported by 16 platforms, which are crucial for driving growth and providing financing solutions [25][30] Fundraising Environment - The fundraising environment is evolving, with challenges in traditional institutional capital raising due to difficult exit conditions [31][34] - Apollo is focusing on expanding its global wealth opportunities and partnerships with traditional firms to access new markets [32] Private Wealth Strategies - Apollo has launched various strategies in the private wealth sector, raising $12 billion last year and continuing to see strong demand [40] - The firm is experimenting with different fund structures across various markets to optimize distribution [42] Annuity Sales Outlook - Annuity sales have tripled over the last five years, with Apollo being the number one writer of annuities [61] - The firm anticipates stable growth in annuity sales, supported by demographic trends and the increasing number of retirees [62] Spread-Related Earnings - Apollo expects mid-single-digit growth in spread-related earnings for the year, influenced by tight asset spreads and competitive pressures in the annuity market [66] - The pace of investments has been cautious, with a focus on deploying capital when favorable conditions arise [70] Conclusion - Apollo Global Management is well-positioned in the current economic environment, with a strong focus on capital solutions, private credit, and origination strategies, while navigating challenges in fundraising and market competition [8][31][66]

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]

钢铁出口继续远高于每月920万吨的平均水平，相对稳定的需求支撑铁矿石价格，市场能否迎来上涨行 情？ 期货热点追踪 相关链接 ...

国内商品期货市场5月8日涨跌互现，其中氧化铝主力合约涨超3%；锰硅、多晶硅、对二甲苯主力合约 涨超2%；PTA、棉纱、短纤、瓶片、LU主力合约涨超1%。下跌品种方面，集运欧线主力合约跌超 3%；铁矿石、焦炭、焦煤、玻璃主力合约跌超2%。 截至8日下午收盘，中证商品期货价格指数收报1350.50点，较前一交易日下跌13.43点，跌幅0.98%；中 证商品期货指数收报1866.42点，较前一交易日下跌18.56点，跌幅0.98%。 氧化铝大幅反弹涨超3%，锰硅超跌反弹 锰硅期货8日超跌反弹，截至下午收盘，主力合约录得2.53%的涨幅。虽然锰硅市场高供应的压力有所 缓解，但相较于下游的需求疲软，高库存压力仍存，在基本面未有明显改善的情况下，锰硅上涨动力相 对不足。华泰期货表示，目前受到行业利润影响，硅锰产量继续下降。但由于硅锰产能充足，一旦利润 改善，产量具备快速提升空间。考虑原料锰矿港口库存处于低位回升阶段，对合金成本仍具备一定支 撑，关注锰矿供给端情况。 其他品种方面，能化板块整体延续强势，对二甲苯收盘涨超2%，PTA、短纤、瓶片和LU燃油也均涨超 1%。 集运欧线跌超3%，黑色系多数下跌 5月8日，集运欧线主 ...