The Weekender

My favorite TEN of 2023

In no particular order, here are my favorite TEN of 2023…

#10 | 2023’s Winners & Losers

I will spare everyone the pain and skip over a long-winded paragraph detailing grain & oilseed losses during 2023.

Here is a recap of commodities’ biggest winners and losers though:

Plenty of records were broken in 2023, including all-time high prices in gold, cocoa and olive oil.

We also saw record high US natural gas and petroleum production as well as exports, plus record-high coal usage in both China and India. #goingreen…

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#9 | Currency Matters

Nearby bean futures in Brazilian real started the year near 80 (all time highs for the start of a year) but finished at a four-year low as the real rallied 9% versus the dollar in 2023.

Nearby futures were down $2.25 this past year, but futures losses grew to $3.60 per bushel in prices paid to the Brazilian farmer because of the real’s appreciation vs the DXY.

Another strong performer was the Mexican peso, gaining nearly 15% vs the US dollar in 2023.