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Tidbits, January S&D Analysis, Markets & Rain Days Update 1/13/24

Highlights


Iran captured an oil tanker off the coast of Oman. A few months ago, a shipload of Iranian oil was seized over US sanctions related to Tehran’s nuclear program. Iran is getting closer to the fighting war.

The USA launched more strikes this morning on Yemen's Houthi rebels.

 

Tidbits


Hertz will sell 20,000 EVs in its fleet and reinvest in gas-powered cars. That is a victory for ethanol.

 

For the full 12 months of 2023 USA consumer inflation was 3.4%, more than double the rate when Joe Biden took office. The government says consumer prices are up 17.3% since Biden took office.

 

January S&D


The USDA made more changes on yesterday’s S&D than Roger has seen on 529 monthly S&D reports going back to January 1980.

 

USDA revised S&D numbers for the 2021 crops and the 2022 crops. That is not supposed to happen until September of 2024.

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