vw EDITORS NOTE
THE GHOST IN THE MACHINE
EDITORS IN CHIEF Eddie Tofpik
E:
eddie.tofpik@
admisi.com Marc Ostwald
E:
marc.ostwald@admisi.com
PRODUCTION & CIRCULATION
US China tensions, the Global FX code and classic cars.
Welcome to the August 2018 edition of the Ghost In The Machine, in which we look at various aspects of the US China tensions, the Global FX code and classic cars. We take stock of the situations in Aluminium along with Iraq and Syria, as well as the state of Russia’s agricultural sector, the dairy market and soybeans, as well as positioning in rates and commodity derivatives.
China US trade tensions are the overarching theme for markets at the moment: is this confrontation a ‘Thucydides Trap’? How come equity markets are so compares with the pressure on other EM currencies? What impact will it have on the USDA’s August estimates for the Soybean market? The Global FX Code has been place for a year, but does it really work?
The Arab Spring has proved to be anything but, above all for Iraq and Syria, what are the challenges for rebuilding the energy and agricultural sectors, if some form of stability can be restored.
Following his Black Sea Crop some insights into the Russian agricultural sector. The recent US sanctions on Russia proved to be seismic for the Aluminium market, so what are the current prospects?
Dairy markets have seen substantial divergence which bears some scrutiny, above all in between Whole and Skim Milk powder. Last but not least what impact will the emergence of electric vehicles have on the classic car market.
Simrat Kaur Sounthe
CREATIVE DESIGN Simrat Kaur Sounthe
ADM CONTRIBUTORS Alan Bush Andy Ash Charles Branch Eddie Tofpik George Eddell Lauren Judd Marc Ostwald
Rohan Ziegelaar
EXTERNAL CONTRIBUTORS Susan Kilsby Erik Norland
Mark Bowman
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