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  • Article / Monday at 8:44 GMT

    COT: Oil longs, grain shorts and pace of gold buying hits record

    Head of Commodity Strategy / Saxo Bank
    Denmark
    COT: Oil longs, grain shorts and pace of gold buying hits record
    Hedge funds increased bullish bets across 25 major commodities futures by 13% to 1.7 million lots in the week to January 9. Once again the buying was concentrated in crude oil and gold. Short-covering in sugar and coffee supported a net purchase of soft commodities while bearish bets on key crops reached a new record.
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  • Article / 27 December 2017 at 12:17 GMT

    COT: Funds cutting bullish bets ahead of year-end

    Head of Commodity Strategy / Saxo Bank
    Denmark
    COT: Funds cutting bullish bets ahead of year-end
    Hedge funds continued to sell agricultural commodities in the week to December 19 according to data from the weekly COT report. The near-record crude oil long was reduced while gold was bought in the aftermath of the long-awaited US rate hike. The copper long jumped 61% on supply disruptions, both in South America and not least in China.
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  • Article / 11 December 2017 at 8:55 GMT

    COT: Specs fleeing metals; Oil long remains close to record

    Head of Commodity Strategy / Saxo Bank
    Denmark
    COT: Specs fleeing metals; Oil long remains close to record
    Hedge funds cut bullish commodities bet by 138,177 lots in the week to December 5. Hardest hit were metals with gold, silver and copper all seeing major reductions. Oil saw light profit taking after Opec+ meeting while natural gas got slammed as the US winter continued to delay its arrival. Grains were bought while softs were mixed.
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  • Article / 04 December 2017 at 8:48 GMT

    COT: Oil jumps to record; Gold traders wrong-footed

    Head of Commodity Strategy / Saxo Bank
    Denmark
    COT: Oil jumps to record; Gold traders wrong-footed
    Hedge funds were net-buyers across 26 commodities futures in the week to November 28. All sectors were net bought with the top five being WTI crude oil, gold, soybean meal, cotton and corn. At the other end of the scale we find natural gas, soybean oil and wheat.
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  • Article / 10 November 2017 at 13:58 GMT

    WCU: Commodities gains led by strong energy sector

    Head of Commodity Strategy / Saxo Bank
    Denmark
    WCU: Commodities gains led by strong energy sector
    The Bloomberg Energy Index reached a 10-month high as the sector continues to attract attention and demand. The approach of winter saw natural gas break out of its months-long range, while crude oil rose for a fifth consecutive week with heightened geopolitical risks being the main driver of the latest gains.
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    13 November
    Ole Hansen Ole Hansen
    Gold remains stuck and the lack of upside momentum carried the risk of long liquidation below $1280/oz. Without much news to support the move this was what...
    13 November
    carlosdemarch carlosdemarch
    great report Ole! keep it up
  • Squawk / 09 November 2017 at 14:06 GMT
    Head of Commodity Strategy / Saxo Bank
    Denmark
    The US Department of Agriculture will release its monthly supply and demand estimates (WASDE) today at 1700 GMT. Is expected to show a bigger US corn yield leading to biggest stock since 1988. Soybeans yield and production probably declined while a global rush to unload wheat could trigger a reduction in world stocks.
    Attached WASDE expectations as well as the latest speculative fund positions from the week to October 31.
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    10 November
    Ole Hansen Ole Hansen
    Bearish WASDE report with Dec Corn hitting a fresh contract low as stocks surge to a 30-year high. Soybeans also traded sharply lower while wheat recovered...
  • Article / 06 November 2017 at 8:26 GMT

    COT: Oil longs most stretched since March

    Head of Commodity Strategy / Saxo Bank
    Denmark
    COT: Oil longs most stretched since March
    Hedge funds continued the rotation out of grains and metals into energy during the week to October 31. The combined net-long across oil and products jumped to their highest since February, especially driven by strong oil demand. Outside oil and products major reductions were seen in natgas, silver, corn and wheat while sugar and cattle were bought.
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    06 November
    matsuri matsuri
    "this is madness" - it is how I can describe the situation on oil. I am waiting for the trigger to bring oil down back towards $50...
  • Article / 01 November 2017 at 13:29 GMT

    Wheat tumble sees spread to corn returning to August low

    Head of Commodity Strategy / Saxo Bank
    Denmark
    Wheat tumble sees spread to corn returning to August low
    CBOT wheat, both ZWZ7 and ZWH8 tumbled to fresh contract lows yesterday on technical selling and continued strong competition on the global export market. Corn, meanwhile, has managed to stay within its established range and is to a certain extent being supported by rising ethanol prices in response to rising oil prices.
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