Commodities: Global OPEC Production Unexpectedly Increased, reaching 29.0 million barrels per day (mbpd) during December (Bloomberg), still much less than the lowered quotas of 31.4 mbpd. A surprise increase from Nigeria was responsible for the improvement. OPEC+ announced no change at their December meeting but reserved the expectation to…
Ukraine: Winter & Sanctions Impact The Ukraine-Russia Conflict was gripped by winter, with Russia targeting electrical infrastructure and limited spoiling attacks to keep the Ukrainians from extending their gains. Russia’s additional mobilization of 300,000 recruits started to see the front but were likely waiting for spring operations. Ukraine continued…
One of our most popular blog posts: a list of the top FCMs (based on customer funds held in segregation) has been updated with end of 2022 numbers. When doing research in selecting a futures commission merchant, or FCM, (i.e. custodian) to house your managed futures portfolio, it can be…
2022 ended with 40 year inflation highs and one of the toughest trading environments in over 10 years. Energy (+12.05%) and Livestock (+11.66%) were the leading sectors in 2022. Losses in Indices (-20.81%) and Softs (-13.20%) were nothing compared to the astounding loss in crypto (-65.86%). Adding insult to injury,…