OPEC Production Increased Strongly to 29.6 million barrels per day (mbpd) during August (Reuters), still much less than current quotas of 33.4 mbpd. OPEC+ decreased allowances slightly at their early September meeting to signal limits on how far they would let prices fall. Libya managed to hold full production of…
Ukraine: Grain, Natural Gas & Sanctions Impact Ukraine Launched Limited Counter-offensives with some high profile partisan attacks. While these efforts cannot take much back in the way of territory, limited offensive military capacity (remember that Ukraine is about 1/3rd the population of Russia at 45m versus 145m) precludes most…
Over the last few years the CME Group has launched a bevy of micro-sized futures contracts across various market sectors. The micro-sized contracts offer access to the same market as their larger counterparts, but with smaller capital commitments and lower margin requirements. These contracts offer flexibility when trading precious metals,…
During the month of August, the top sectors were: Softs (+7.60%) and Grains (+1.01%). The bottom 3 sectors were: Crypto (-10.66%), Livestock (-6.45%) and Indices (-4.50%). The US dollar remains king and continues to make highs as the Euro and Yen are on 20 year lows against the dollar. Most…