Opening Statement from the October 2021 CCPM Forecaster

Opening Statement from the October 2021 CCPM Forecaster

Originally published on October 3, 2021 


Commodities went through somewhat of a rollercoaster ride in September but managed to trend a bit higher. The most recent rally in commodities coincided with the strong rally in Treasury yields.

Inflation data continues to climb around the world. This was recently reflected in rising bond yields as investors anticipate interest rate hikes. In particular the US Treasury 10-year yield soared over the past week. This boosted the USD versus most other currencies. Meanwhile, gold and silver pricing remain weak.

The big news came from the continued rally in crude oil sparked by massive production shutdowns due to Hurricane Ida. Meanwhile, natural gas continued to soar even more, and has soared by approximately 50% over the past six weeks.

Cotton also made a major move to the upside, the likes of which have not been seen in many years...

This article continues.

To continue viewing this entry please sign in to your Client or Member account.

Restrictions Against Reproduction: No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, scanning, or otherwise, except as permitted under Section 107 or 108 of the 1976 United States Copyright Act, without the prior written permission of the copyright owner and the Publisher.

These articles and commentaries cannot be reposted or used in any publications for which there is any revenue generated directly or indirectly. These articles cannot be used to enhance the viewer appeal of any website, including any ad revenue on the website, other than those sites for which specific written permission has been granted. Any such violations are unlawful and violators will be prosecuted in accordance with these laws.

Article 19 of the United Nations' Universal Declaration of Human Rights: Everyone has the right to freedom of opinion and expression; this right includes freedom to hold opinions without interference and to seek, receive and impart information and ideas through any media and regardless of frontiers.

This publication (written, audio and video) represents the commentary and/or criticisms from Mike Stathis or other individuals affiliated with Mike Stathis or AVA Investment Analytics (referred to hereafter as the “author”). Therefore, the commentary and/or criticisms only serve as an opinion and therefore should not be taken to be factual representations, regardless of what might be stated in these commentaries/criticisms. There is always a possibility that the author has made one or more unintentional errors, misspoke, misinterpreted information, and/or excluded information which might have altered the commentary and/or criticisms. Hence, you are advised to conduct your own independent investigations so that you can form your own conclusions. We encourage the public to contact us if we have made any errors in statements or assumptions. We also encourage the public to contact us if we have left out relevant information which might alter our conclusions. We cannot promise a response, but we will consider all valid information.