OPEC Oil Production maintained its April level at about 30.2 million barrels per day (mbpd), reaching cuts of 1.2 mbpd or about 300,000 bpd lower than their target of 812,000 bpd. This is the lowest level since 2015. The next meeting is from June 25-26 to discuss continuing these…
During the month of May, the top 3 performing sectors were: Grains (9.22%), Interest Rates (2.08%) and Softs (1.47%). Grains pushed returns as crop progress fell behind due to inadequate weather conditions. The bottom 3 sectors were: S&P GSCI (-8.21%), Indices (-7.28%) and Livestock (-7.13%). Equities struggled to perform as…
Micro E-mini futures contracts were launched by the CME group on May 6th, 2019 with the intent to offer speculators and hedgers the ability to better scale their positions. The micro e-mini contracts are a 1/10th of the size of the e-mini contract and are offered in all the financial…
Americas US Economic Data hit a high mark with Q1 2019 GDP reaching +3.2% annualized growth, topping all forecasts that averaged +2.3%. Consumer spending was up +1.2%, better than expected, with gains in inventories (+0.7%) and net exports (+1.0%) also more supportive than expected. Conventionally, these last two categories…