Commodities: Global   OPEC+ Decided to Cut Production at their June 3rd meeting but it would not be effective until 2024.  The headline number was a decline by 1.4 million barrels per day (mbpd) with a production target of 40.46 mbpd for 2024.  This is lower than the 41.86 mbpd…

Ukraine:  Summer Offensive?   The Ukraine-Russia Conflict stalemated with neither side making any real progress on the ground.  The main excitement was inside Russia itself with a coup/”protest” by a mercenary group.  While not a positive sign for Putin personally, the nationalistic agenda of Prigozhin and his supporters indicated a…

During the month of June, Grains (+10.47%) and Livestock (+8.89%) were the top performers. The bottom performers were Metals (-4.25%) and Interest Rates (-1.22%). On Jun 28, all 23 leading banks cleared the Fed’s annual stress test, attributing to the S&P 500 Index (+6.47%) producing its best month since October…

Commodities: Global   OPEC+ Decided to Cut Production at their June 3rd meeting but it would not be effective until 2024.  The headline number was a decline by 1.4 million barrels per day (mbpd) with a production target of 40.46 mbpd for 2024.  This is lower than the 41.86 mbpd…