ENSO for the next 3-6 months -
Dry, warmer above average for the U.S. and europe - as long polar vortex holds up.
Draught for China, India, LatAm, Aussie.
Europe -
The bloc is now paying for it's energy policy. Natural gas up YOY 147%.
The super El Niño is taking some of the edge off consumption. A warmer autumn, and the first half of winter are above average - as long as the polar vortex holds up well.
ENSO for the next 3-6 months -
Dry, warmer above average for the U.S. and europe - as long polar vortex holds up.
Draught for China, India, LatAm, Aussie.
ENSO for the next 3-6 months -
Dry, warmer above average for the U.S. and europe - as long polar vortex holds up.
Draught for China, India, LatAm, Aussie.
What the market has to absorb in 29 months left in Trump's term:
- Net new borrowing ~$5.2tn
- Debt rollover ~$23tn
Rollover problem, on the bid - China, Brasil, India, Japan, Switzerland and Taiwan lowered UST position -$245bn.
@tleilax___ This super el ninio goes all over food, christmas is halftime for Latam, AUS, CN, south asia and europe.
plus, super el ninio comes often with several lower draught events over the years.
Actually positive, polar vortex in line.
A large explosion tore through the KNDS Ammo Italy munitions plant in Colleferro, south of Rome. The blast started in the powder pressing department and was heard for kilometers.
Inbound backlog steepens, shippers betting on quick open Iran - Oman corridors.
Fully operational routes providing below 50 ships, vs. 120 - 140 ships pre war.
Inbound backlog steepens, shippers betting on quick open Iran - Oman corridors.
Fully operational routes providing below 50 ships, vs. 120 - 140 ships pre war.