October 2024 Global Commodity Snapshot

Commodities: Global   OPEC Oil Production Rebounded in October from its lowest point this year as Libya resolved a political crisis, although a further Iraqi effort to meet its pledged cuts limited the increase.  The Organization of the Petroleum Exporting Countries pumped 26.3 million barrels per day (mbpd) last month,…

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Global Economic Review: October 2024

War: Ukraine-Russia   Ukraine’s Eastern Territory Being Nibbled Away but Russia’s losses continued so much so they had to import 8,000-10,000 North Korean mercenaries / comrades to fight.  Ukraine inflicted the first casualties on North Korea in the northern Kursk region, where Russia is trying to take back its territory. …

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October 2024 Sector and Index Performance

During the month of October, Metals (+3.30%) and Livestock (+2.65%) were the top performers. The bottom performers were Grains (-3.63%) and Interest Rates (-3.58%). The Bearish performance in Grains (-3.63%) was led by Soybean Meal (-13.01%) and Soybeans (-7.51%). The Bullish performance in the Metals (+3.30%) sector was led by…

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September 2024 Global Commodity Snapshot

Commodities: Global   OPEC Oil Production Averaged 26.1 million barrels per day (mbpd) during September as Russian production declined to its monthly target, reaching just under 9.0 mbpd.  However, its exports increased to 3.3 mbpd as Pacific flows rebounded.  Libyan oil exports were set to resume as the standoff between…

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