David Hodari, WSJ, summarizes recent activity in cocoa here... ”Cocoa futures prices fell to 10-year lows in New York in December 2017, after a
Hedge funds cut net length in petroleum… Kemp
but are still very net long... John Kemp, Reuters, does a great job keeping us up to date on how funds are positioned here...
Oil rigs/production… Bloomberg
Grant Smith, Bloomberg, put together a nice chart showing oil rigs and oil production, here...
Dueling GDP Nowcasts, cont….
Here are the NY Fed and Atlanta Fed estimates of 1q18 GDP: I find these measures useful to help understand the effects of new data points on
Back month call buying in WTI options…
The CME has an excellent tool to track options activity... Typically, most activity takes place in front month options.. Yesterday, the top volume
The IEA bumps up expected oil demand a bit…
The IEA’s monthly Oil Market Report is out... Here are some highlights: Expect stocks to draw slightly as we move through 2028: Demand
US 10 year notes vs equities…
Here are some interesting charts from Bloomberg which compare yields of US Treasury 10 year notes to the S&P 500:
OPEC’s Monthly Oil Report is out…
You can download it here.. From the summary page, the call on OPEC oil is slightly lower in 2018 due to a large non-OPEC supply increase (which
Venezuela’s rig count… EIA
Not looking good... From the EIA: And here is oil production: “Venezuela’s crude oil production has been on a downward trend for two