PlaneFag CONUS activity:
Israel AF IAF101 , 103 and 104 707 re'em tankers SW from Bangor, ME overnight-arrived from NB Rota yesterday and Nevatim AB depart on 0306
SAM346 G5 WN from JBA to Peterson-avoided some weather with ABIDE99 E-4B Nightwatch out of Offutt AFB and probably gonna hook up with INDY81 KC-135 Stratotanker for refueling exercise
TEAL95 WC-130 Hurricane Hunter out in the Gulf from Biloxi and SAM290 G5 departed MacDill AFB (CENTCOM) and on a holding pattern at 40k ft just SE of Raliegh N.C.
SAME40 RC-135 Rivet Joint out of Mather AFB trackin' over central Nevada (just north of the Nevada Test and Training Range) and arrived from Majors Airport yesterday -after a few cert flights outta there last week (L-3/Harris located at Majors
since it's there…
GTMO845 Us Navy Beech heading to NAS Jax
Potato=nuffin call time @ 10:30am EST In-Town Pool Call Time
https://factba.se/biden/calendar
Trade Deficit increased to $68.3 Billion in January
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $68.3 billion in January, up $1.1 billion from $67.2 billion in December, revised. January exports were $257.5 billion, $8.5 billion more than December exports. January imports were $325.8 billion, $9.6 billion more than December imports. Both exports and imports increased in January. Exports are up 13% year-over-year; imports are up 3% year-over-year. Both imports and exports decreased sharply due to COVID-19 and then bounced back. The second graph shows the U.S. trade deficit, with and without petroleum. The blue line is the total deficit, and the black line is the petroleum deficit, and the red line is the trade deficit ex-petroleum products.
Note that net, exports of petroleum products are positive. The trade deficit with China decreased to $25.2 billion in January, from $36.4 billion a year ago. The trade deficit was close to the consensus forecast.
https://www.calculatedriskblog.com/2023/03/trade-deficit-increased-to-683-billion.html
CME FedWatch probabilities (cap#4) for 50bp at 76.4% nao but it's all on talk and likely this goes back towards 25bp on Friday with the Jobs # report
https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html?redirect=/trading/interest-rates/countdown-to-fomc.html
Baltic Dry Index and Shanghai Port Stock
The Baltic Exchange's main sea freight index, which measures the cost of shipping goods worldwide, was up for the 14th straight session on Wednesday, rising about 2.2% to its highest since December 23rd at 1,327 points. "Period activity was healthy across all sectors with a healthy volume of deals materializing," shipbroker Intermodal wrote in a weekly report. The capesize index, which tracks iron ore and coal cargos of 150,000 tonnes, advanced for the 13th successive day, surging 5.4% to a more than eight-week high of 1.550 points; and the panamax index, which tracks coal or grain cargoes of about 60,000 tonnes to 70,000 tonnes, rose 12 points to its highest since December 21 at 1.592 points. Among smaller vessels, the supramax index was unchanged at 1,161 points.
https://tradingeconomics.com/commodity/baltic
Shanghai International Port traded at 5.42 this Wednesday March 8th, decreasing 0 or 0 percent since the previous trading session. Looking back, over the last four weeks, Shanghai International Port lost 2.65 percent. Over the last 12 months, its price rose by 1.31 percent. Looking ahead, we forecast Shanghai International Port to be priced at 5.32 by the end of this quarter and at 4.87 in one year, according to Trading Economics global macro models projections and analysts expectations.
https://tradingeconomics.com/600018:ch
"thank you Kejan- Kejan- Ketanji.."
Potato=nuffin call time @ 10:30am EST In-Town Pool Call Time
https://factba.se/biden/calendar
o7
The "Hack" That Upended Derivatives Trading Spurs Calls for Action
A cyberattack that disrupted derivatives trading in January is prompting calls for more oversight to combat the risk of hacks across financial markets.
The top US derivatives regulator wants to update standards and monitoring systems that will help minimize the frequency and magnitude of hacks. The Commodity Futures Trading Commission is pushing for futures and swaps dealers to exercise more due diligence and oversight of the third-party service providers they work with, and requiring that they have a plan for responding to cyber incidents from the first day. Derivatives shops, used to clearing hundreds of billions of dollars in trades every day, were forced to process trades manually after ION Trading UK — a little known company with technology that underpins the smooth functioning of markets — succumbed to a cyberattack earlier this year. While the company has rolled out new software for its clients, the ripple effects are still being felt.
“As our financial market infrastructure becomes increasingly dependent on digital technologies, it is of the utmost importance that individual firm cyber defenses keep pace with evolving threats,” Kristin Johnson, a commissioner for the CFTC, which oversees the US commodity futures and options market, said in remarks prepared for a meeting of the agency’s Market Risk Advisory Committee on Wednesday. At the meeting, the Futures Industry Association announced its own cyber-risk task force, which will draw on its participants to recommend improvements to the safety of the derivatives market. The FIA’s efforts will focus on existing cyber protections and protocols, then take industry responses to develop best practices and safeguards around third-party providers. “The unfortunate reality is that the risk of another cyberattack is real, and the goal of this task force is to improve upon our industry’s resilience globally,” FIA President and Chief Executive Officer Walt Lukken said in prepared remarks. ION’s hack affected 42 of the company’s clients and has been attributed to Russian ransomware gang LockBit. More than a month after the hack, the agency is still catching up with delays in producing a key weekly report that provides market participants with insight into positions held by the likes of money managers, producers and consumers.
CFTC Chairman Rostin Behnam has already called for increased regulation following the attack- (Bwahahahahaha…you don't even do it nao and haven't for decades but "gibs me moar munee") He added that the threats related to information security were “an important and increasingly urgent problem.” On Wednesday, Behnam asked Congress to consider expanding the agency’s ability to directly regulate third-party services providers that are critical to market participants, according to prepared remarks for a Senate Agriculture Committee oversight hearing. Current rules prevent the CFTC from having direct oversight of third-party service providers such as Ion, he said.
Behnam added that he’s asked agency staff to make recommendations about how to address the potential risks such companies can pose to the firms it does regulate as part of a broader cybersecurity rulemaking.
https://www.bloomberg.com/news/articles/2023-03-08/hack-that-upended-derivatives-world-sparks-calls-for-action
The only "hack" is pictured in Cap#1 CFTC Chair Rostin Benham…
>>18385235 CFTC Announces Postponement of Commitments of Traders Report
and just in front of all the specs getting out of their Ag shorts..down 4.5% yesterday…377.3m ozs of paper Ag yesterday
>>18468539 The "Hack" That Upended Derivatives Trading Spurs Calls for Action
>moar "regulation" needed