Chad Burlet is Third Street Ag's Chief Trading Officer. He began his career with Cargill (1980-89) ultimately rising to head the firm's Commodity Marketing Division Oilseeds Trading Department. From 1989 to 1996 he was with Goldman Sachs/J. Aron where he traded US and world soybean futures, options and cash for the firm. Since 1996 he has been an independent trader, and since 2008 has also traded on behalf of other investors. Burlet’s experience, knowledge of worldwide soy/grain economics, and extensive network of contacts all contribute to his analysis of the markets, and ultimately, to the program’s trading decisions.
在 2022 年的大部分时间里,不确定性和波动性的主题并没有在 7 月离开我们。一些根本原因,如乌克兰战争,已经存在了好几个月,但新的风险和意想不到的事态发展影响了本月的农产品市场。
6 月的最后一个工作日总是带来美国农业部 6 月 1 日的库存报告和种植面积的更新估计。这两个报告的结合,一个旧作物和一个新作物,使其成为一年中最重要的农业报告日。
我们距离俄罗斯入侵乌克兰已经三个多月了。然而,黑海的事态发展以及各国对这些事态发展的反应每天继续主导着我们的市场。乌克兰太阳种子和太阳油的损失促使印度尼西亚禁止棕榈出口。
粮食安全和国内通胀迅速成为世界上几乎每个国家最关心的问题。乌克兰小麦出口的损失导致几个较小的国家限制出口,并鼓励几个进口国增加库存。乌克兰葵花籽和阳光油出口的损失促使印度尼西亚停止了棕榈出口,这导致了世界植物油价格的爆炸式增长。周五,5 月豆油期货交易价格为 91.4 美分/磅,为历史最高价,比 2008 年的最高纪录高出 20 美分/磅。
评论由 Third Street AG Investments 的 Chad Burlet 提供 从商品的角度来看,三月像狮子一样进来,又像狮子一样出去。 本月初,市场试图把握俄罗斯入侵乌克兰的影响。 本月底,它试图为美国农业部的种植意向报告定价,该报告显示美国农民从饲料谷物转向油籽的转变超出预期。 This month May Wheat futures had a record trading range of $4.31-¼, 46% of its February closing price. Despite that wild ride, it was corn, not wheat, that was the strongest performer in the agricultural sector. December Corn futures set new contract highs […]