Global Economic Review: December 2024

War: Ukraine-Russia   Ukraine’s Eastern Territory Still Being Nibbled Away but Russia’s losses piled higher, reaching over 48,000 killed and wounded in December alone, per the Ukrainian military.  November was the second largest at 45,000.  If close to correct, that would place Russian casualties (dead and wounded) at 790,000 for…

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2024 Sector and Index Performance

Looking back at 2024, commodities saw notable volatility driven by geopolitical tensions, supply chain disruptions, inflation, and shifting demand patterns. The strong bullish performance in Softs (+46.87%) was led by Cocoa (+175.14%). The performance in Livestock (+16.37%) was led by Lean Hogs (+19.61%), Feeder Cattle (+17.88%),  and Live Cattle (+11.61%).…

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December 2024 Sector and Index Performance

During the month of December, Energy (+6.39%) and the S&P GsCI (+2.60%) were the top performers. The bottom performers were Crypto (-6.35%) and Metals (-4.60%). The bearish performance in Metals (-4.60%) was led by Palladium (-8.45%) and Silver (-5.63%). The bullish performance Energies (+6.39%) was led by Natural Gas (+8.03%)…

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November 2024 Global Commodity Snapshot

Commodities: Global   OPEC Oil Production Rose for a second month in November as Libya’s production recovered after resolution of a political crisis, a Reuters survey found, as members making cuts kept output otherwise steady. The Organization of the Petroleum Exporting Countries pumped 26.51 million barrels per day (mbpd) last…

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