During the month of February, the top 3 performing sectors were: energies (12.86%), softs (7.99%), and livestock (7.95%). The bottom 3 sectors were: interest rates (-2.06%), currencies (-0.48%) and the financial indices (2.09%). The S&P GSCI broke its January 2020 levels and has posted four consecutive months of positive returns.…

COVID-19   Many Improvements transpired in January, with vaccinations in some countries moving forward at a good pace and lower case/hospitalization counts, though other areas lagged and new variants raised fears of a protracted illness. To summarize the positive side: Per Bloomberg’s tracker, over 100 million doses have been administered…

OPEC+ Set New Production Levels at their January 5th meeting with a surprise 500,000 barrels per day (bpd) cut by Saudi Arabia for February and March while Russia and Kazakhstan will increase their official production by a combined 75,000 bpd for those two months. Oil prices moved higher to the…

During the month of January, the top 3 performing sectors were: energies (8.61%), grains (4.00%), and the S&P GSCI (5.26%). The bottom 3 sectors were: softs (-1.73%), metals (-1.53%) and currencies (-1.13%). Energies continued to post positive returns as global oil demand increased, healthcare companies ramped up vaccine distribution, and…