Why Contango and Backwardation Signal EM Risk

Episode 30 of The Emerging Markets Podcast dives into commodity futures curves as a leading indicator for emerging market economies. Lucas and Luna unpack the recent shift from contango to backwardation in oil and copper, and what it signals for producers like Brazil and importers like India. With EWT up 4.5% in the past week and EWZ down 4.1%, they explore how the futures curve explains the divergence. Plus, they discuss the trade-weighted dollar index slipping to 118.9 and what that means for EM debt. A short, data-driven look at a tool most investors overlook. #EmergingMarkets #Economics #FuturesCurve #Contango #Backwardation #Commodities #Oil #Copper #Brazil #India #Thailand #DollarIndex #EMDebt #TradeBalance #Inventory #Hedging #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo