Commodities: Global   OPEC Oil Output Fell Slightly in November, posting at 27.8 million barrels per day (mbpd), as a result of lower shipments by Nigeria and Iraq as well as Saudi Arabia and Russia reiterated their voluntary reductions.  The bigger news was that the OPEC meeting was delayed four…

Ukraine & Israel:  Attack / Counter-Attack   The Ukraine-Russia Conflict saw little progress by both sides as Ukraine strove to shore up military funding from Europe and the US.  Ukraine’s grain exports have fallen to around 13.4 million metric tons so far in the 2023/24 July-June marketing season, per their…

During the month of November, Crypto (+11.06%) and Indices (+9.22%) were the top performers. The bottom performers were Energy (-6.97%) and Livestock (-6.19%). Crypto (+11.06%) posted its third straight positive month, with back to back months of double digit percentage earnings. As we move into winter, Livestock (-6.19%) earnings have…

Commodities: Global   OPEC Oil Output Rose again in October, reaching 27.9 million barrels per day (mbpd), as Angola and Nigeria increased production while Saudi Arabia and Russia reiterated their voluntary reductions though it became more apparent that Russia has not reached 100% of what they promised.  They have a…