Strategic Perspective

While wheat prices have garnered significant attention since the Russian invasion of Ukraine, corn has arguably been the agricultural commodity most affected by the war. In 2021, Ukraine was the [...]

Most of the world has accepted that COVID-19 is going to be with us for a long time. Like the flu, COVID-19 is now simply an endemic virus; there is no putting the sniffly genie back in the [...]

Before there were Saudis – there were Texans. In 1948, U.S. oil production and reserves accounted for 64 percent and 34 percent of the global total. Texas was the largest U.S. producer by far, [...]

“We have gold because we cannot trust governments.” –  U.S. President Herbert Hoover, 1933.   We have been writing our commodities series for almost 8 months now – and in all that time, we have [...]

Early this morning Ukrainian time, Russian President Vladimir Putin gave his second strident speech of the week about Ukraine. Putin announced he had approved a “special military operation” in [...]

The combination of geopolitical intrigue in Russia and Ukraine, the U.S. Federal Reserve turning hawkish, and global energy prices surging, it is easy to lose track of stories that would [...]

One of our fundamental theses for the decade ahead is that the world is at the outset of a massive energy transition away from fossil fuels in favor of renewables. That is the reason we focus on [...]

If you were a commodities-focused investor and had success over the last decade, iron probably had something to do with your performance. Indeed, according to this chart from S&P Global [...]

Since launching our ambitious series on commodities, we have spent a significant amount of time on energy. That’s with good reason: according to the latest reading of the U.S. Consumer Price [...]