The historically volatile $750 billion trucking industry has always been a good candidate to have a corresponding futures market. Until recently, certain key components were not in place that are critical for a liquid futures market to properly serve the trucking industry: a bench marked price index (DAT lane rates…
During the month of July, the top 3 performing sectors were: Livestock (3.40%), Metals (1.64%) and Indices (1.51%). Continued scare of African Swine Fever drove up lean hogs, boosting the livestock sector. The bottom 3 sectors were: Softs (-3.78%), Grains (-2.75%) and Energies (-2.31%). Other sectors stayed fairly quiet during…
Americas While US Economic Data showed slowing but positive Q2 growth at a projected +1.5% annualized. Payrolls surprised to the upside at +224,000 versus the +160,000 projected by the economist survey. Official unemployment was rounded up to the very low 3.7% and underemployment also ticked up (from 7.1% to…
Odd Thing Happened on the way to an oil crisis… nobody came! Events a few years ago that would have sent the markets soaring or collapsing are absorbed and taken in stride. A proto-shooting war between a superpower and regional belligerent that included oil tanker sabotage and seizures, heightened…