Commodities: Global   OPEC Oil Production Fell to its lowest level since January to average 26.4 million barrels per day (mbpd) during August, per Reuters.  Iraq, however, continued overproducing, pumping 220,000 barrels per day extra (which were supposed to be reversed and more in the near future).  Oil exports at…

Ukraine-Russia War: Russian Problems & Reactions   The Ukraine-Russia Conflict continued with grinding incremental territorial losses by Ukraine in the east but with gains to north in Russia.  In particular, while the Ukrainians faced heavy pressure from the Russians in the Donbas city of Pokrovsk, they saw big wins in…

During the month of August, Softs (+7.95%) and the S&P 500 Index (+2.28%) were the top performers. The bottom performers were Crypto (-15.41%) and Livestock (-6.37%). The Bearish performance in Livestock (-6.37%) was led by Lean Hogs (-10.90%) and Feeder Cattle (-7.53%).  The bullish performance in the Softs (+7.95%) sector…

Commodities: Global   OPEC Oil Output Increased slightly by 30,000 bpd to average 27 million barrels per day (mbpd) during July, according to Bloomberg.  Russia cut production by 130,000 bpd but is still over its quota of 8.98 mbpd.  Iraq also cut slightly but Kazakhstan increased output.  With the decline…