Core Insights - Copper futures prices have declined following Trump's announcement of a 50% tariff on copper products, which may lead to a widening price gap between COMEX and LME to $3,000 per ton [1] Group 1: Market Impact - The announcement of tariffs is expected to significantly affect copper prices, leading to potential volatility in the market [1] - The widening price gap between COMEX and LME could create trading opportunities for investors [1] Group 2: Future Outlook - The future trajectory of copper prices remains uncertain, influenced by geopolitical factors and trade policies [1]

Core Insights - WTI crude oil futures for August settled at $67.93 per barrel [1] - NYMEX natural gas futures for August closed at $3.4120 per million British thermal units [1] - NYMEX gasoline futures for August ended at $2.1522 per gallon, while heating oil futures for August settled at $2.4211 per gallon [1]

Group 1 - WTI August crude oil futures closed at $68.51 per barrel [1] - NYMEX July natural gas futures closed at $3.6980 per million British thermal units [1] - NYMEX July gasoline futures closed at $2.2182 per gallon [1] - NYMEX July heating oil futures closed at $2.3631 per gallon [1]

Core Viewpoint - The Bloomberg Grain Index increased by 1.24% to 31.3244 points, indicating a positive trend in grain prices as of June 17, with significant gains observed in various futures markets [1] Group 1: Grain Market Performance - CBOT corn futures rose by 0.86%, reaching $4.3875 per bushel, reflecting a stable demand in the corn market [1] - CBOT wheat futures experienced a notable increase of 2.44%, priced at $5.6575 per bushel, suggesting strong market conditions for wheat [1] - CBOT soybean futures increased by 0.71%, now at $10.68 per bushel, while soybean meal futures rose by 0.84%. However, soybean oil futures declined by 0.40% after a significant rise of 8.77% on the previous day, indicating volatility in the soybean complex [1]

Group 1: Coal Market Insights - The coal market is currently experiencing a seasonal demand window, with daily consumption at 4.85 million tons as of June 5, showing a week-on-week increase of 7.5% [1] - The inventory available for use is at 24.4 days, down by 1.6 days week-on-week, indicating potential supply constraints [1] - The price of Qinhuangdao port thermal coal is at 609 RMB/ton, a slight decrease of 0.3% [1] - There is a concern about the possibility of a weak peak season due to increased rainfall in the Yangtze River basin, which could enhance hydropower output [1][12] Group 2: U.S.-China Trade Relations - The upcoming U.S.-China economic consultation mechanism meeting from June 8 to 13 is crucial for assessing future trade dynamics, particularly regarding the 10% baseline tariff and semiconductor export restrictions [2][8] - The sensitivity of the commodity market to these discussions is high, especially for shipping and crude oil sectors [2][8] - The potential for a thaw in U.S.-China relations could lead to a rebound in previously declining commodities such as energy and chemicals [8] Group 3: U.S. Economic Indicators - The U.S. non-farm payroll data for May showed an increase of 139,000 jobs, slightly above the expected 130,000, while the unemployment rate remained steady at 4.2% [9][10] - Wage growth is at 3.9% year-on-year, indicating sustained consumer strength, but the overall economic outlook remains cautious due to downward revisions of previous employment data [9][10] - The interplay between rising import prices and wage growth may limit the Federal Reserve's monetary policy flexibility, impacting both equity and commodity markets [10][11] Group 4: Agricultural Products - The agricultural sector is witnessing independent pricing dynamics, with pork prices exceeding 14 RMB/kg and Brazilian soybean prices rebounding [3][16] - The soybean market is currently in a critical growth season, with no immediate weather threats in the U.S. Midwest, suggesting limited upward pressure on prices [16] - The recent performance of soybean meal is driven by rising CNF prices from Brazil, supported by speculative buying from domestic oil mills [16] Group 5: Precious Metals - Silver is positioned for potential gains due to its dual industrial and monetary attributes, with supply constraints and demand from sectors like photovoltaics and electronics [3] - The gold-silver ratio may continue to improve, but fiscal risks remain unresolved, keeping gold as a primary safe haven [3]

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]

Core Viewpoint - Effective risk management strategies are essential for successful futures trading, helping investors protect capital and reduce potential losses in a volatile market environment [1] Group 1: Choosing a Trading Platform - Selecting a reliable futures trading platform is crucial for ensuring the safety of funds. Investors should assess the platform's scale, reputation, and operational status, as well as the security and convenience of fund deposits and withdrawals [3] - ZFX Shan Hai Securities ensures that all client funds are stored in separate bank accounts, safeguarding them from being used for company debts or other purposes. Additionally, ZFX offers negative balance protection to further secure user rights [3] Group 2: Trading Style - Investors should clarify their trading style based on the time they can dedicate to monitoring the market. Those with sufficient time and technical analysis skills may benefit from short-term trading, while those with limited time should consider reliable long-term entry points for holding positions [4] Group 3: Position Control - Investors must determine the number of futures contracts to hold based on their risk tolerance and financial situation, avoiding excessive positions to mitigate potential losses from market fluctuations [5] Group 4: Profit and Loss Management - Setting stop-loss points can automatically close positions at a certain loss level, limiting further losses. Conversely, setting take-profit points allows investors to secure profits when reaching target levels, preventing greed from eroding gains [6] Group 5: Diversification - Investors should avoid concentrating all funds in a single futures contract or commodity, opting instead for diversification across different contracts to reduce risks associated with price volatility in any one asset [7] Group 6: Market Research and Analysis - Conducting in-depth research on macroeconomic conditions, industry trends, and policy changes is vital for making informed investment decisions regarding futures prices [8] Group 7: Continuous Learning - The futures market is constantly evolving, necessitating ongoing education and research by investors to stay updated on market dynamics, new trading strategies, and risk management techniques [9] Group 8: Mindset Adjustment - Maintaining a calm and rational mindset is critical in futures trading. Investors should avoid being swayed by emotions such as greed and fear, adhering strictly to established trading plans and risk control strategies [10] Conclusion - Risk management in futures trading is a comprehensive process that requires investors to continuously learn from experience and flexibly apply various risk management methods to achieve long-term stable profits [10]

Group 1 - WTI July crude oil futures closed at $61.53 per barrel [1] - NYMEX June natural gas futures closed at $3.3340 per million British thermal units [1] - NYMEX June gasoline futures closed at $2.1092 per gallon [1] - NYMEX June heating oil futures closed at $2.1048 per gallon [1]

Group 1 - WTI June crude oil futures closed at $62.56 per barrel [1] - NYMEX June natural gas futures closed at $3.43 per million British thermal units [1] - NYMEX June gasoline futures closed at $2.15 per gallon [1] - NYMEX June heating oil futures closed at $2.13 per gallon [1]

Group 1 - The core viewpoint of the news is that the FMX futures exchange has launched U.S. Treasury futures trading, marking a return to a competitive market with the potential to challenge the CME's long-standing dominance in this sector [1][2] - FMX has introduced 2-year and 5-year U.S. Treasury futures products, which were initially scheduled for trading in March but were delayed due to operational issues and market volatility [1] - The U.S. Treasury futures market has been highly concentrated since CME's acquisition of CBOT in 2006, with CME holding a near monopoly on the issuance of U.S. Treasury futures [1] Group 2 - FMX was established by BGC Group in collaboration with top international investment banks and market makers, including JPMorgan, Goldman Sachs, Morgan Stanley, and Barclays, creating a strong industry alliance [1] - FMX previously launched SOFR futures in September 2024 and has partnered with the London Clearing House to provide cross-border margin services, enhancing margin efficiency and reducing capital costs for participants [2] - Industry insiders believe that FMX's entry into the U.S. Treasury futures market will help break CME's monopoly and increase competition, which could lead to lower trading costs for traders [2]