Global Commodities: Running the Numbers on Gas
In this episode of At Any Rate, JP Morgan gas analyst Atar Kavuadza explains how the ongoing Middle East conflict has crippled LNG flows through the Strait of Hormuz, leaving roughly 16 vessels idle and cutting about 300 million cubic metres per day of supply from Qatar and the UAE. He outlines Qatar’s limited restart capacity—about 10 million tonnes per annum (≈13‑14% of total output) and a two‑to‑three‑month timeline to reach 80% utilization—while noting that U.S., Malaysian, and African sources are offsetting roughly 130 million cubic metres per day, leaving a shortfall of 170‑180 million cubic metres that is being absorbed by demand destruction, especially in Asia. Kavuadza highlights the higher elasticity of natural gas versus oil, with coal substitution and healthier coal inventories dampening price spikes, and projects European summer gas prices at €55‑60 per MWh to encourage LNG imports and curb Asian demand.
Global Rates: Central Banks Likely to Wait-and-See Against a Backdrop of Ongoing Middle-East Uncertainty
The episode examines upcoming policy meetings of the Fed, ECB, and BoE against the backdrop of the Middle‑East conflict and rising energy prices. Analysts attribute the US rate rise to solid consumption data and a dovish‑leaning Fed nominee, Kevin Warsh,...
SAF Insights: European SAF Market Holds Breath on Jet Price Surge
The episode examines how the Middle East conflict has driven European jet fuel prices from about $800 to over $1,900 per tonne, more than doubling them and widening the gap with crude and diesel. SAF (HEFA-SPK) prices also rose, but...
StockTA's Steuer: Market's Rally Has It Due for a Pause, Awaiting Clarity
The episode explores why the recent market rally may be pausing, with Kevin Stewart of StockTA citing heightened geopolitical risks, oil price volatility, and inflation concerns that have pushed him out of equities more than any time since COVID. Guests...
Apr 23 | Commodity Week
In the April 23 edition of Commodity Week, Todd Gleason and panelists Brian Stark (The Andersons), Kurt Kimmel (AgMarket.net) and Dave Chatterton (Strategic Farm Marketing) dissected the current U.S. corn and soybean markets. They highlighted a strengthening corn and bean basis,...
SaaSpocalypse NOW. Also, Massive Earnings and Central Bank Week Ahead.
The episode dissected the volatile market moves on April 24, 2026, focusing on the SaaS sector’s sharp sell‑off after ServiceNow’s earnings miss and broader AI‑related concerns that rattled names like Adobe, Workday, and Palantir. Hosts highlighted contrasting winners such as...
392. Gigawatts & Green Shoots: Data Center 101, Blue Owl's Healthcare Grab, & NYC's Pension Housing Bet
In this episode, Trepwire analysts discuss a "selective stabilization" in commercial real estate, highlighting strong retail sales, modest gains in pending home sales, and the continued affordability squeeze. They examine Blue Owl Capital's $2.4 billion acquisition of Sela Realty Trust, noting...
Fertilizer Matters EP48: Feed Phosphates Market Fundamentals
In this episode, Argus experts explain that feed phosphates—calcium and phosphorus supplements for livestock, poultry, and aquaculture—are a major driver of non‑fertiliser P2O5 demand, with China producing over half of the global 9 million tonnes and exporting 1.3 million tonnes. Prices have...
MacroVoices #529 Ole S Hansen: Commodities in The Wake of The Iran Crisis
In this episode, Saxo Bank’s chief commodity strategist Ola Hansen explains how the Iran crisis is rippling through energy markets, refined products, fertilizers, metals and agriculture, creating extreme backwardation in crude oil futures. He argues that the forward curve’s steep backwardation...
Xi Wants the Strait of Hormuz Reopened; Cakes and An E-Commerce Crackdown; The Next Stage of Decoupling; The MATCH Act...
In this episode of Sharp China, Andrew Sharp and Bill Bishop dissect a recent call between Xi Jinping and Saudi Crown Prince Mohammed bin Salman, focusing on China's call for the Strait of Hormuz to remain open amid ongoing Iranian...
Beyond Supply and Demand: The Future of Canadian Real Estate with Byron Chard, President and CEO of Chard Development
In this episode, hosts Aaron Cameron and Adam Pawlik sit down with Byron Chard, President and CEO of Chard Development, to discuss the evolution of Canadian multifamily and purpose‑built rental real estate. Byron shares his journey from a Big‑Four accountant...
Stocks Still Near Records Despite War Concerns
In this Schwab Market Update, host Keith Lansford reviews the market’s resilience near record highs despite heightened Middle‑East tensions and rising oil prices, noting that short‑term sentiment is overly bullish and could prompt a pullback as the Magnificent Seven report...
Reshaping French Energy
In this episode, Emmanuel Vargon, president of France's energy regulator Creux and chair of the EISA board, discusses the current state of the French wholesale energy market, highlighting its strong nuclear base, growing renewables, and increased market liquidity after the...
U.S. Department of Justice Launches Criminal Probe Into Beef Industry Practices
The DOJ has opened a criminal investigation into the beef industry's pricing practices, focusing on concerns that packers may be manipulating cash‑less, formula‑driven pricing systems like gridding. Host Sean Haney explains that ranchers worry about reduced price discovery and packer...
Listener Questions: How Do I Create a Diversified Portfolio?
In this episode, retirement planner Roger Whitney breaks down how to build a diversified portfolio for retirees, starting with the fundamentals of diversification and asset allocation. He explains that diversification removes unsystematic risk while leaving only market risk, and that...