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splash247.com

Dry bulk digital efficiency drivers in the spotlight - Splash247

The first session at the first ever Geneva Dry conference tackled digital efficiency drivers across the dry bulk supply chain, smoothly moderated by Richard Watts from HR Maritime. The panel was tasked with outlining how digitalisation can enhance dry bulk shipping operations to the benefit of...
splash247.com splash247.com

splash247.com

The economic and commodities outlook from Geneva - Splash247

As metaphors go to highlight today’s tortuous trading environment, the fact that the Economic and Commodities Outlook session kicked off Friday’s Geneva Dry conference with an empty seat on stage was rather apt – Shamika Sirimanne, director of the UN Trade and Development’s division on...
splash247.com splash247.com
 
Podcast here. Really nothing to see, can listen in one tab, play around the forum in a different tab. It's an hour and 10 mins long so you may want to listen in segments, I did. Remember, this is someone's opinion. DYODD

David Murrin: We are Looking at a Decade of Conflict​

May 6, 2024 #DavidMurrin #HegemonicChallenge #Autocracy

Tom Bodrovics is once again joined by global forecaster and author David Murrin to discuss global conflicts and the cycles that lead to them. Murrin believes that China is currently challenging the U.S. in a hegemonic battle, influenced by the Kondratiev cycles that have been playing out for centuries. He sees war as a natural selection process that arises when an empire reaches its peak, and describes it as entropic. Murrin believes that war is inevitable and that China is using hostile actions such as the release of COVID-19 and IP extraction to challenge the U.S. The ongoing Ukrainian-Russian conflict is described as a "bloody stalemate" due to the U.S.'s lack of support for Ukraine. Murrin argues that until America provides Ukraine with the necessary resources and confronts Putin with strength, he will continue to gain ground. He also discussed the role of leadership in handling the COVID-19 pandemic, the complexity of the Middle East conflict, and the need for Western countries to create coherence and order in order to present a strong front against external challenges.

Murrin also discussed the Kondratiev cycles, to explain the potential for a third world war. He predicts an escalating conflict in the Middle East, with Iran potentially using its nuclear power for regional dominance. He warns of hypersonic cruise weapons and the need for the U.S. to maintain a military capability on par with its challengers. Murrin also suggests that the West must learn from the mistakes of the past, particularly in the Middle East, and avoid the hubris of thinking that one nation is exceptional. He emphasizes the importance of lateral thinking and adaptability in facing hegemonic challenges and urges Western societies to demand more from their leaders and prioritize strategic thinking.

Murrin stresses the importance of understanding the cycles of history and learning from past mistakes, as well as the need for strong leadership and lateral thinking in navigating through these conflicts.



Time Stamp References:
0:00 - Introduction
0:47 - Conflicts & Cyclicality
10:40 - Russia & West's Approach
16:23 - Outcomes & Inevitability
21:33 - U.S. Power & Hubris
22:48 - Hamas/Israel Conflict
34:20 - Chess Moves & WW III
39:47 - Constriction & Commodities
45:22 - Coming Commodity Cycle
51:53 - Treasury Exits & China
54:28 - Chinese Demographics
58:10 - Conscription
1:03:26 - Concluding Thoughts
1:07:30 - Wrap Up
 
finance.yahoo.com

Copper Touches $10,000 Again as Goldman Sees ‘Stockout’ Risk

(Bloomberg) -- Copper briefly traded through $10,000 a ton as investors raised bets on Federal Reserve rate cuts, and Goldman Sachs Groups Inc. warned of intensifying supply stress.Most Read from BloombergIsrael Says a Cease-Fire Plan Backed by Hamas Falls ShortHigh-Tech Trading Firms Race to...
finance.yahoo.com finance.yahoo.com
 

South America runs into production problems | Weekly Commodity Market Update​

May 7, 2024

This week Will and Ben dive into the impacts of wet weather and upcoming USDA reports.


12:37
 

Morning Bid: Stocks buoyant as Sweden cuts, oil skids​

May 8, 2024

A look at the day ahead in U.S. and global markets from Mike Dolan

Wall Street looks to have brushed off the latest hawkish Federal Reserve noises and Disney's outsize swoon, with European bourses stalking new records as Sweden becomes the latest G10 central bank to cut interest rates and oil prices plunged.

Stocks futures and Treasury yields held pretty steady overnight even after Minneapolis Fed chief and known hawk Neel Kashkari said all policy options were on the table in getting inflation back in the bottle.

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splash247.com

Two more MSC ships targeted by the Houthis - Splash247

Two more boxships belonging to Mediterranean Shipping Co (MSC) were attacked by the Houthis yesterday with Splash estimates now suggesting the number of merchant ships targeted in the region since November last year is closing in on 100 ships. The MSC Gina and MSC Diego – both around 4,000 teu...
splash247.com splash247.com

splash247.com

Making data actionable: Geneva Dry workshop has plenty of advice - Splash247

After the first session of the inaugural Geneva Dry conference chewed over digital efficiency drivers across the dry bulk supply chain, the second session of the day followed a similar – digital – path and looked at how large amounts of shipping data could be turned into actionable solutions...
splash247.com splash247.com
 

Scrap Prices: Aluminum Finally Sees A Boost, Copper Falls​

📈 Check Scrap Prices: https://iScrapApp.com/ - Join us in this week’s scrap metal market update where we dissect the latest fluctuations in copper and aluminum prices. Learn why copper might rebound despite recent dips and why scrappers are rushing to sell their aluminum stock. We’ll also cover the stability in iron and steel prices, and the steady market for catalytic converters affected by platinum price shifts. Plus, find out how slight increases in carb and rare earth prices could affect your scrapping strategy. Don’t miss our ongoing series on YouTube for more tips and strategies to maximize your profits in the scrap metal market.

👉 Read more: https://iscrapapp.com/blog/weekly-scr...


14:20
 

Morning Bid: China trade heats up, UK rates in view​

May 9, 2024

A look at the day ahead in U.S. and global markets from Mike Dolan

As Wall Street stalls its recent rally, world markets switched attention to China's on-off recovery and whether the Bank of England's latest policy decision on Thursday may signal that it is ready to ease credit as early as next month.

U.S. stock futures as well as Asian and European equities have turned more subdued generally. But Chinese stocks (.CSI300), opens new tab clearly outperformed overnight after news the country's exports and imports returned to growth in April - stirring hopes that government stimulus measures there may be starting to kick in.

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Podcast here, nothing to see, can listen in one tab, play around the forum in a different tab. And dyodd with this.

2024 Year of the Bank Run with John Rubino​

May 9, 2024

Kerry Lutz and John Rubino delve into pressing economic issues, predicting a looming crisis driven by rising mortgage rates and increasing retail store closures. They argue the necessity for significant government intervention, similar to the pandemic-era stimulus measures, to mitigate the economic downturn.

The conversation also explores the unique challenges facing retailers, especially in California, were lax laws on shoplifting complicate business operations. Additionally, they discuss the controversial "weaponization" of the criminal justice system, suggesting its impact on social order and business environment.

Rubino and Lutz propose radical ideas for government restructuring, such as firing government employees in alphabetical order and maintaining only essential workers during crises. They emphasize the importance of essential services, including police, road maintenance, and waste management, referencing similar strategies from Argentina and El Salvador.

Political dynamics also take center stage as they speculate on potential vice presidential candidates for Donald Trump, particularly focusing on Ron DeSantis. They consider how political issues, notably abortion, could influence upcoming elections.

Read John's work @ https://Rubino.Substack.com


34:18
 
splash247.com

Somali pirate mothership seen hunting vessels far out to sea - Splash247

Reports have surfaced of a pirate mothership being spotted operating in the Indian Ocean, some 1,000 km from the Somalia mainland. According to Seagull Maritime Security, the mothership has been sighted about 650 km east of Socotra Island. “Shipping companies and masters need to remain vigilant...
splash247.com splash247.com

splash247.com

China Merchants spends $1.4bn to take global newcastlemax orderbook past 100 units - Splash247

China Merchants Shipping has lined up a massive newcastlemax shipbuilding programme at two domestic yards. Shipbuilding sources report the group’s Ming Wah Shipping forking out nearly $1.4bn ($1.385bn) for up to eighteen 210,000 dwt units spread across New Times Shipbuilding and CSSC Qingdao...
splash247.com splash247.com
 
splash247.com

Spot box prices spike - Splash247

Spot box rates are steeply in the ascendant, showing upticks this month akin to the start of Red Sea shipping crisis, or even the onset of the covid pandemic. Drewry’s weekly composite global index published yesterday increased 16% to $3,159 per feu and has increased by 81% when compared with...
splash247.com splash247.com
 

Morning Bid: May rescued by jobless jump, BoE shift, HK surge​

May 10, 2024

A look at the day ahead in U.S. and global markets from Mike Dolan

World stock indexes (.MIWD00000PUS), opens new tab have shaken off a month of doubts to come back within 0.5% of record highs on signs of a loosening U.S. labor market, falling European interest rates and another Hong Kong (.HSI), opens new tab surge.

Wall Street's wobble appears to be over, with the S&P 500 (.SPX), opens new tab jumping on Thursday to its highest close since April 1 on an unexpected jump in weekly jobless claims that re-stoked Federal Reserve easing expectations. And futures extended those gains ahead of Friday's bell.

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Take Five: Go your own way​

May 10 (Reuters) - Global central banks are starting to break away from the pack as rate cuts roll out across Europe while borrowing costs in the U.S. may stay higher for longer, which is lifting the dollar.

A key test of U.S. inflation is at the heart of the data calendar and could be the deciding factor in the near-term direction for markets.

Here is your look at what's happening in markets this coming week from Rae Wee in Singapore, Ira Iosebashvili in New York and Naomi Rovnick and Amanda Cooper in London.

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Podcast here, nothing to see, can listen in one tab, play around the forum in a different tab. 47 mins long so you may want to listen in segments.

They Need a War to Reset Banking System and Issue CBDC: Tom Luongo​

May 10, 2024 Commodity Culture

Tom Luongo sees the globalist playbook a mile away and he's convinced that the wars around the world being encouraged and participated in by the U.S. are cover for a reset of the banking system, a default of government debt, and the issuance of a CBDC. Tom believes their agenda will ultimately fail, and he expects commodity prices to rise significantly along the way as out-of-control inflation and continued global conflict put pressure on supply chains.

 

USDA cuts 2025 beef production by 1.5 billion pounds | Weekly Livestock Market Update​

May 10, 2024

In this Weekly Livestock Market Update, Brownfield Anchor/Reporter Meghan Grebner and University of Missouri Market Analyst Scott Brown talk USDA cutting 2025 beef production by 1.5 billion pounds.


14:28
 

Morning Bid: Earnings hurdle cleared - CPI fence up next​

May 13, 2024

A look at the day ahead in U.S. and global markets from Mike Dolan

Wall Street and world stock markets have cleared the first-quarter corporate earnings season comfortably enough to be back stalking record highs, but macro markets don't want to budge much further until they see this week's U.S. inflation update.

Wednesday's U.S. consumer price report sucks much of the oxygen out of the early part of the markets week - critical as it is in revealing whether disinflation has resumed after a sticky Q1, and at least enough to keep Federal Reserve easing expectations this year in the frame.

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Asian Markets

Morning Bid: Treading water ahead of China tariff news, US CPI​

May 14 (Reuters) - A look at the day ahead in Asian markets.

Asian markets on Tuesday will be looking to maintain the positivity with which the week has started, with subdued volatility, stable bond markets and mostly upbeat stocks trumping worries over tariffs and gloomy Chinese data.

For now, at least.

U.S. President Joe Biden is expected to announce new China tariffs this week, targeting strategic sectors including a major hike in levies on electric vehicles, measures which could elicit a significant response from Beijing.

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WASDE update: Supportive grain estimates for 2024/25​

The USDA’s first estimates for the 2024/25 marketing year were largely constructive for grains but bearish for soybeans. Wheat and corn ending stocks for both the US and global balance came in below expectations, while US and global soybean ending stocks came in higher than expected

US corn output set to fall​

The USDA expects US corn production in 2024/25 to fall by over 3% year-on-year from last year’s record crop. This shouldn’t be too surprising with farmers expected to switch to soybeans. Planted area is estimated to fall from 94.6m acres last season to 90m acres. Lower acreage is partly offset by expectations of improved yields, however, obviously much will depend on how the weather evolves through the summer. As a result, output for the next marketing year is forecast at 14.86bn bushels, which is not too dissimilar to market expectations. Despite weaker domestic production and expectations for stronger demand, US ending stocks are still forecast to increase from 2.02bn bushels in 2023/24 to 2.1bn bushels in 2024/25, which would be the highest stock level since 2018/19. However, this is still below the close to 2.3bn bushels the market was expecting.

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think.ing.com

WASDE update: Supportive grain estimates for 2024/25

The USDA’s first estimates for the 2024/25 marketing year were largely constructive for grains but bearish for soybeans
think.ing.com think.ing.com
 

How Singapore Got So Crazy Rich​

May 10, 2024 #Bloomberg #Singapore #Wealth

Singapore has transformed itself from a colonial trading port to a buzzing financial center in just a matter of decades. It’s been held up as an example of how small countries can seek a pathway to rapid growth and development. So what’s the city-state’s formula for success? And as Lawrence Wong takes over from Lee Hsien Loong as prime minister, what must he do to maintain it?


7:00

00:00 Introduction
00:54 Lee Kuan Yew’s strategy
2:03 Finance transformation
3:10 Leisure and Entertainment
4:20 Singapore’s challenges
5:18 Leadership transition
 

Morning Bid: Inflation vigil sees single stock sideshows​

May 14, 2024

A look at the day ahead in U.S. and global markets from Mike Dolan

Macro markets have basically frozen ahead of this week's big U.S. inflation releases, with sideshow entertainment provided by a fresh burst in activity in so-called 'meme stocks' while earnings updates and deals sagas dominated overseas.

With Wednesday's April consumer price report this week's focus, Tuesday's release of the month's producer price index provides the appetizer - with core annual factory gate price readings expected to be steady at 2.4%.

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Market Boom: Copper Soars Over $5, Aluminum Gains Momentum!​

📈 Check Scrap Prices: https://iScrapApp.com/ - This week’s scrap metal market report brings exciting news for scrappers as copper prices surge to unprecedented levels, reaching over $5 per pound due to significant economic stimulation in China and trading discrepancies on the London Metal Exchange. Learn how to capitalize on this boom and maximize your returns. We also explore aluminum’s steady climb, with national averages now at $0.50 per pound. Despite a dip in steel prices, we discuss potential market shifts and strategies to stay profitable. Plus, get updates on the catalytic converter market and learn about opportunities in carbide and rare earth metals. Don’t miss our tips on how to make the most out of the current market dynamics!

👉 Read more: https://iscrapapp.com/blog/weekly-scr...


16:20
 

Morning Bid: New highs hold as disinflation resumes, US cools​

16 May 2024 - A look at the day ahead in U.S. and global markets from Mike Dolan

World stocks (.MIWD000000PUS), opens new tab notched new records and the dollar (.DXY), opens new tab nursed its worst day of the year as fears of an overheating U.S. economy dissipate - stirring hopes that the coast is clearing for Federal Reserve easing at last.

Even though markets jumped the gun late Tuesday, the slightly softer U.S. consumer price inflation report for April and many encouraging details under the bonnet supercharged both the S&P500 (.SPX), opens new tab and Nasdaq (.IXIC), opens new tab to all-time highs and dragged Treasury yields down to the lowest in more than a month.

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