October 2023 Sector and Index Performance

During the month of October, Crypto (+18.57%) and Softs (+6.74%) were the top performers. The bottom performers were Livestock (-5.55%) and the S&P GSCI (-5.36%). October has traditionally been the most volatile month for markets, and this year was no different. As it starts to get colder, Natural Gas (+22.06%),…

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September 2023 Global Commodity Snapshot

Commodities: Global   Hamas’ Attack on Israel Popped Energy and precious metals as Middle East conflict came again to the fore.  Narrowing the lens to the commodities markets, the brutal incursion directly highlighted the security concerns surrounding the Mediterranean natural gas rigs jointly serviced by Israel and Egypt – threatening…

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Global Economic Review: September 2023

Ukraine:  Slog Continues   The Ukraine-Russia Conflict slogged forward with the Ukrainian military making little progress despite the infusion of US/EU equipment.  By necessity to avoid higher casualty rates, the attack tempo stayed slow – recall that Ukraine has one-third the population of Russia and its soldiers (and citizens) have…

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September 2023 Sector and Index Performance

During the month of September, Energy (+3.62%) and the S&P GSCI (+3.08%) were the top performers. The bottom performers were Grains (-7.93%) and Indices (-4.91%). We are in the midst of harvest season, which is the main contributor to the selloff in Grains (-7.93%) with Corn (+3.42%) being the sole…

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