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4-5 Patrick Mcburney The FX Market: Not all Brokers are Equal With typically over USD 6 trillion traded daily, Foreign Exchange is by far the largest single market in the world. Imports and exports of goods and services all have a value or cost that must be met in any one of the 180 currencies currently in existence.


6-7 Howard Jenkins It’s all about Brazil The sugar market has, essentially, remained rangebound since early September with just a short sojourn down below 19 cents when a bout of tired fund liquidation hit the market.


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Eddie Tofpik Dark Shipping! The rise of shipping vessel identity laundering!


10-11 Ryan Easterbrook Is wheat driving food inflation? Wheat markets have been on one hell of a run, and whilst this doesn’t seem to be much of a surprise with ‘inflation’ being the hot topic at the moment and commodities charging higher across the board, it has been a remarkable move in its own right and will have its own inflationary consequences as these higher prices are factored in throughout the various supply chains.


12-13 Alan Bush


Higher Stock Index Futures Despite Less Central Bank Accommodation? Stock index futures have advanced to fresh highs in recent weeks. These historical gains have taken place despite investors’ concerns that inflation will remain high for longer than expected, which could force central banks to tighten credit policies sooner.


14-15 Voytek Chelkowski Decarbonizing the shipping industry: one opportunity no company can afford to miss. 2021 has offered plenty of evidence which can be viewed as early warning signs of the onset of a ‘decarbonisation tsunami’ which will change the competitive landscape and disrupt business models of maritime transport as we know them today.


16-17 Alberto Peixoto


There is more than just Sugar out there As we are heading towards the end of the year, the focus is turning from what we didn’t have this year to what we may have next year.


18-21 Marc Ostwald The Pandemic’s Reality Check The longer-term lessons from the Covid-19 pandemic will only emerge with time, but it has already exposed in sometimes brutal fashion, an array of weaknesses in the global economic framework, which had been accumulating long before the pandemic.


22-25 Eddie Tofpik The Colour of Hydrogen One Proton…and One Electron… is not enough anymore!


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3 | ADMISI - The Ghost In The Machine | Q4 Edition 2021


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