Commodities: Global   OPEC Oil Production Rose in February led by a further recovery in Nigerian supply per Reuters.  Output rose by 0.150 million barrels per day (mbpd) to just under 29.0 mbpd, but still was below available quotas.  Russian oil export revenues were set to rise in March as…

Ukraine:  Winter & Sanctions Impact   The Ukraine-Russia Conflict had no major headlines apart from Ukraine starting to receive the main battle tanks that it would require to effectively take back lost territory.  The winter slog continued with the focus on the city of Bakhmut with Russia sending in some…

During the month of February, Livestock (+7.05%) and Crypto (+0.62%) were the leading performers and the only two profitable sectors. Metals (-8.20%) and Grains (-6.02%) were hit the hardest in February following strong performances in January. Announcements from the Fed stating inflation is still elevated resulted in negative market sentiment…

Commodities: Global   OPEC Production Declined Slightly, falling just under 28.9 million barrels per day (mbpd) during January (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 January and February meetings but…