Data-Driven Commodity Research, The Commodity Report

The Commodity Report

Data-Driven Commodity Research

A unique newsletter about commodities and macro analysis in a weekly format.

Commodities

<ul><li>According to S&amp;P Global, the renewable output by the grid operator MISO averaged 333,012 GWh in Q4.</li><li>Despite Bonneville Power Administration's (BPA) renewable output slipping 12% in Q4, it remained the footprint with the most renewable market share at 75.6% of its total fuel mix for Q4.</li><li>The latest ACP data shows that the total installed solar capacity in the US grew by 17% year on year, reaching 74.126 GW in Q4.</li></ul>

According to S&amp;P Global, the renewable output by the grid operator MISO averaged 333,012 GWh in Q4.Despite Bonneville Power Administration's (BPA) renewable output slipping 12% in Q4, it remained the footprint with the most renewable market share at 75.6% of its total fuel mix for Q4.The latest ACP data shows that the total installed solar capacity in the US grew by 17% year on year, reaching 74.126 GW in Q4.

Our Oil Price Analysis // FED is Willing to Break the Market

<ul><li>US Large-Sized Farms Increase - Due to Input Cost Pressure According to the Farms and Land in Farms Report by the USDA, the largest farms in the US that had sales of $1 million or more, now operate almost 26% of the country's farmland.</li><li>The farms in this sales class have increased in size, while farms in every other sales class have either remained the same size or decreased.</li><li>According to the Farms and Land in Farms Report by the USDA, the largest farms in the US that had sales of $1 million or more, now operate almost 26% of the country's farmland.</li></ul>

US Large-Sized Farms Increase - Due to Input Cost Pressure According to the Farms and Land in Farms Report by the USDA, the largest farms in the US that had sales of $1 million or more, now operate almost 26% of the country's farmland.The farms in this sales class have increased in size, while farms in every other sales class have either remained the same size or decreased.According to the Farms and Land in Farms Report by the USDA, the largest farms in the US that had sales of $1 million or more, now operate almost 26% of the country's farmland.

US Large-Sized Farms Increase - Due to Input Cost Pressure // The Fall of The Petrodollar

<ul><li>The agency estimates that roughly 46% of Ukraine’s wheat production lies in areas where the war is currently threatening the planting process.</li><li>US Soybean Crush Margin remains very high and therefore continues to support soybean meal prices</li><li>USDA is expecting a larger uptick in planted acres for Wheat and Rice but a large drop in planted acres for Cotton.</li></ul>

The agency estimates that roughly 46% of Ukraine’s wheat production lies in areas where the war is currently threatening the planting process.US Soybean Crush Margin remains very high and therefore continues to support soybean meal pricesUSDA is expecting a larger uptick in planted acres for Wheat and Rice but a large drop in planted acres for Cotton.

The Highlights of USDAs 2023 Commodity Outlook // Where Stock Prices Are Headed in 2023

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Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

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Technical Analysis

<ul>
<li>WTI's bearish flat/triangle is setting up to break lower and a harbinger of weaker growth in coming months amid a stronger USD.</li>
<li>Bearish oil also gels with our stronger dollar and weaker demand view. It will also bring energy shares back to earth.</li>
<li>New low targets at 69 and 65 then review for a tactical recovery attempt.</li>
</ul>


WTI's bearish flat/triangle is setting up to break lower and a harbinger of weaker growth in coming months amid a stronger USD.
Bearish oil also gels with our stronger dollar and weaker demand view. It will also bring energy shares back to earth.
New low targets at 69 and 65 then review for a tactical recovery attempt.


Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

<ul>
<li>Where is the global commodity super cycle that everyone keeps predicting? </li>
<li>Industrial metals have outperformed energy (as we predicted) and will likely continue to do so</li>
<li>Selective positioning in the commodity space remains of vital value with no super cycle in sight</li>
</ul>


Where is the global commodity super cycle that everyone keeps predicting? 
Industrial metals have outperformed energy (as we predicted) and will likely continue to do so
Selective positioning in the commodity space remains of vital value with no super cycle in sight


United States

Crude oil is a naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials. Crude oil can be refined to produce usable products such as gasoline, diesel and various forms of petrochemicals. It is a nonrenewable resource, also known as a fossil fuel, which means that it can't be replaced naturally at the rate we consume it and is therefore a limited resource.

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Crude Oil (CL1 COM COMDTY)

Our Oil Price Analysis // FED is Willing to Break the Market

Despite Bonneville Power Administration's (BPA) renewable output slipping 12% in Q4, it remained the footprint with the most renewable market share...

The Commodity Report

US Large-Sized Farms Increase - Due to Input Cost Pressure // The Fall of The Petrodollar

The farms in this sales class have increased in size, while farms in every other sales class have either remained the same size or decreased.

The Commodity Report

The Highlights of USDAs 2023 Commodity Outlook // Where Stock Prices Are Headed in 2023

The agency estimates that roughly 46% of Ukraine’s wheat production lies in areas where the war is currently threatening the planting process.

The Commodity Report

WTI Bear Triangle a Growth Negative

WTI's bearish flat/triangle is setting up to break lower and a harbinger of weaker growth in coming months amid a stronger USD.

Thomas Schroeder

Commodity Watch - What Super Cycle?

The awaited Chinese lifebuoy for the global economy, which the reopening consensually was thought to be, has yet to truly show up in prices of...

Steno Research

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