Chuck Kowalski
CTA Index Up 7.64 Percent YTD but Agriculture CTAs Struggle
Commodity Trading Advisors (CTAs) have been performing
fairly well as a whole thus far in 2019 with Autumn Gold CTA
index (non-investable) reporting 5.79% YTD. The Barclay
CTA Index is up about 7.61 percent as...
Breaking Down the Impact of the Attack on Saudi Arabia Oil
The energy markets became riled over the weekend as Saudi
Arabia took a major hit to oil production/distribution capabilities from drone
attacks. Fingers are pointing at Iran and they have deferred to Yemen. The...
Lean Hogs Could Be Starting a Trend Higher
Traders in the lean hog markets have waged a battle whether
China will begin importing massive amounts of pork in the near future or not.
China is in great need of replacement pork as...
The Silver and Gold Spread Outperforms Straight Gold
If you are expecting the gold market to hit record highs
again, it could be a better strategy to use a spread trade that consists of buying
silver and shorting gold. This may go...
Agriculture Commodities Outlook
Agriculture commodity prices have dropped substantially this
year. The agriculture commodities consist mainly of the grains, livestock and
softs (food). Some commodities like
corn, lean hogs and cocoa had their moments in the sun this...
Trump and Trade Dominate the Markets
The markets
have been bouncing around in a consolidation range and have been flighty to say
the least for most of August. Much of the volatility and quick reversals are
centered on trade issues between...
Natural Gas Market Outlook
Natural gas is suffering the woes of plentiful supplies this year and the lack of a catalyst to push prices higher. As a result, natural gas futures prices have dropped about 28...
Copper Price Long-Term Outlook is Cloudy With Short-Term Issues
A good case can be made for the copper market to be a star performer among commodities in the next few years. However, you wouldn’t know it by the price action lately....
Commodity Prices Signaling a Recession Doesn’t Add Up
As I look through the longer-term commodity charts, I see
one downtrending market after another.
The main exception is the precious metals. The weakness in commodity
prices seems to makes sense with the increased recession...
Live Cattle Futures Trying to Make Sense of the Tyson Fire
Live cattle futures had limit-down moves on Monday and
Tuesday, losing about 7 percent of its value in that rapid decline. The news
that rocked the market was a severely damaging fire at a...