Global Economic Review: January 2024

Ukraine-Russia War & Red Sea Shipping:  Positioning   The Ukraine-Russia Conflict saw little progress on the ground by both sides as Ukraine strove to shore up military funding from Europe and the US.  Russia pressed with its weight in numbers though evidence of equipment shortages was seen by the utilization…

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January 2024 Sector and Index Performance

During the month of January, Softs (+9.19%) and Livestock (+7.49%) were the top performers. The bottom performers were Metals (-4.10%) and Grains (-2.52%). After a strong start to 2024, the Federal Reserve kept Interest Rates unchanged in their most recent meeting.  After three straight months of double-digit gains, Crypto (+0.35%)…

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December 2023 Global Commodity Snapshot

Commodities: Global   OPEC Oil Output Fell Slightly increased slightly to 28.1 million barrels per day (mbpd) in December, as the fighting in Gaza and Red Sea terror attacks were far away from areas of production.  Indian crude imports from Russia in December were the lowest since January of 2023 due…

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Global Economic Review: December 2023

Ukraine-Russia War & Red Sea Shipping:  Positioning   The Ukraine-Russia Conflict saw little progress by both sides as Ukraine strove to shore up military funding from Europe and the US.  On the funding side, Ukraine shipped a record amount of grain through Romania’s Black Sea port of Constanta, with further…

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