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  • Article / Friday at 14:30 GMT

    WCU: Grains feel the heat while oil retreats

    Head of Commodity Strategy / Saxo Bank
    Denmark
    WCU: Grains feel the heat while oil retreats
    Commodities traded higher for a second week with most of the gains driven by a huge grains rally that saw corn and wheat rising close to 10%. The energy sector traded lower with crude oil struggling amid rising US inventories and rig count. Industrial metals traded quietly while precious metals failed to receive a safe-haven boost from the Greek debt debacle.
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  • Calendar event / Thursday at 12:30 GMT

    US U.S. Weekly Export Sales

    forecast
    actual
    Low Corn, In Metric Tons
    833.2K
    Low Wheat, In Metric Tons
    363.9K
    Low Soybeans, In Metric Tons
    117.2K
  • Article / Wednesday at 12:53 GMT

    Grains update: Market rallies as big crops shrink

    Head of Commodity Strategy / Saxo Bank
    Denmark
    Grains update: Market rallies as big crops shrink
    A massive rally was seen across key crops this past week. A deteriorating weather outlook in the US, Asia and Europe have all supported what looks like a fundamental change in the outlook for crops this year. Up until recently traders held a record short position and the scrambling to cover short positions may now have run its course.
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  • Article / Wednesday at 11:00 GMT

    Daily Shot: So much for contagion!

    TradingFloor.com Team / Saxo Bank
    Denmark
    Daily Shot: So much for contagion!
    Resilience seems the name of the game ahead of Sunday's EU referendum in Greece with most local markets (except Greece, of course) steady or higher. DAX futures have stabilised, peripheral bonds are bid and periphery CDS spreads (again, outside Greece) remain low. Elsewhere, we've got good news from China and in the commodities sphere, grains are flying high.
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  • Article / Monday at 7:53 GMT

    COT: Buyers return, but only in grains via short covering

    Head of Commodity Strategy / Saxo Bank
    Denmark
    COT:  Buyers return, but only in grains via short covering
    Hedge funds increased their bullish exposure to commodities by 15% during the week of June 23. But the buying was concentrated in the grain sector where a potential fundamental change in the outlook triggered some aggressive short covering. Gold was the exception among the metals where selling, not least of copper, continued.
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  • Article / 26 June 2015 at 13:32 GMT

    WCU: Key commodities adrift while rain lifts wheat

    Head of Commodity Strategy / Saxo Bank
    Denmark
    WCU: Key commodities adrift while rain lifts wheat
    Commodities prices were mostly adrift this past week but wheat was one notable exception as record-level rainfall in the US Midwest dented crop prospects and sent this food staple off on a brisk rally. Sugar and corn prices also rose and the entire agriculture sector ended the week on a stronger note. Oil, meanwhile, is still jammed in its seemingly interminable channel around $60/b while gold is balancing between Greek worries and fears of a stronger dollar.
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  • 26 June
    Ole Hansen Ole Hansen
    Wheat continues to break higher, currently up almost 3% on the day.
  • Calendar event / 25 June 2015 at 12:30 GMT

    US U.S. Weekly Export Sales

    forecast
    actual
    Low Corn, In Metric Tons
    794.4K
    Low Wheat, In Metric Tons
    435.6K
    Low Soybeans, In Metric Tons
    321.3K