LIVE
Request AccessLog In
Select view
VIEW 1
Daily Brief
What's happening in the markets today, in plain English
MIXED regime across 5 bundles. U.S. macro sentiment and trading flows are driving energy prices up and down, while supply risks from Iran and Russia take a back seat.. Top drivers — Hormuz Closure Risk Premium; Hormuz Blockade Tightens Supply
Open view →
VIEW 2
Hedger
How durable is today's regime, what tenor does that imply for the book, and what would invalidate the thesis?
CRITICAL regime · supply risk ELEVATED. 9 escalation triggers Black Sea wheat corridor effectively severed; ~4-6 Mt/month removed from global trade as cocoa and coffee chains fracture simultaneously
Open view →
VIEW 3
Sector Analyst
Which named companies benefit or suffer from today's regime, and where is near-term price action conflicting with the structural thesis?
Sector tape at ELEVATED supply risk. Macro BULLISH · tactical BULLISH. 12 active disruptions led by Ghawar / Saudi Arabia. Hormuz-Qatar dual closure severs ~14 mb/d crude + 14% global LNG; ULSD at 1990-record lows
Open view →
VIEW 4
Country Risk
Which countries are pressuring this bundle, through what mechanism, and what's the resolution path?

Split agriculture: bullish weather in softs, bearish demand and positioning in grains.

MIXED pressure · DISTRIBUTED regime — Brazil driving 34% of pressure

Open view →
VIEW 5
Macro & Futures
Where do today's signals point on each market?
BULLISH regime across 23 assets. Crypto and metals are bid while agriculture craters — a fragmented tape with no clear macro anchor.
Open view →
VIEW 6
Curve and Term Structure
Where is the front signaling against the fundamentals — and where is the curve about to catch up?
TIGHT (conf 74%) cross-bundle. Hormuz-driven energy backwardation dominates the cross-bundle tape while agricultural carry structures mask fracturing physical supply chains — the spread between these two regimes is the trade. Top shifts: Cocoa's front spread collapsed 56 points in a single session as Abidjan and San Pedro port congestion created acute near-term delivery bottlenecks even as West African output rebounds; Coffee's {direction_clause:coffee} reflects a narrowing of backwardation by 4.10 as long liquidation and a softer dollar curb Brazilian export sales, reducing the near-term tightness signal. 15 assets reconciled · 5 relative trades on book.
Open view →
VIEW 7
Live Book
Which open positions need attention right now, and what does the model recommend?
No book written yet this session — Click to open
Open view →