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  • Editor’s Picks / Wednesday at 12:14 GMT

    CME trading outage showed that man can still match the machine

    Reuters
    Just over a week ago, CME Group Inc suffered the worst-ever trading outage on the world's most important agricultural markets, plunging electronic screens into darkness and sending dozens of traders scrambling for Chicago's famous but now often deserted trading "pits".
    It seemed like an impossible task: replace the seamless efficiency of an electronic trading screen with hand signals and guttural shouts to execute clients' orders to trade corn, wheat or cattle during the "close", often the busiest time of the day.
    But a Reuters analysis of CME trading data on the day of the outage, April 8, showed they largely succeeded in replacing the machines in at least some markets despite the difficulties of suddenly using floor trading skills that have mostly died out.
    Read article on Reuters Go to post
  • Squawk / 14 April 2014 at 14:14 GMT
    Ole Hansen Ole Hansen
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Commodities are generally higher this Monday as Geo-political tensions related to East Ukraine have provided a lift to commodities within all the three sectors, not least wheat, gold and Brent crude oil.
    Key crops such as wheat and corn are trading higher on renewed worries about supply disruptions to key exporters from the Black Sea. Paris wheat have however risen more modestly than CBOT which is slightly at odds considering the greater impact on European wheat from a potential disruptions.
    Brent Crude premium over WTI has widened as a geo-political event would support Brent more combined with the continued slow return of oil from Libya.
    Gold has stayed positive all day but resistance at 1335 has so far capped further upside attempts.
    Coffee and cocoa both having an off day following the gains seen last week.
    Natural gas drops the most on expectations that milder weather could accelerate the rebuilding of inventories.
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  • Article / 14 April 2014 at 7:05 GMT

    COT: Strong buying of WTI offset agri reductions while gold cut again

    Ole Hansen Ole Hansen
    Head of Commodity Strategy / Saxo Bank
    Denmark
    COT: Strong buying of WTI offset agri reductions while gold cut again Read the article
  • Article / 11 April 2014 at 13:20 GMT

    Commodities power ahead as stock markets weaken

    Ole Hansen Ole Hansen
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Commodities power ahead as stock markets weaken Read the article
    11 April
    Jim Earls Jim Earls
    Good article-hence not much room left for dovish bias with cost inputs rising even if economic growth declines.
  • Article / 10 April 2014 at 8:31 GMT

    Commodity RSI: What is hot and what is not?

    Ole Hansen Ole Hansen
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Commodity RSI: What is hot and what is not? Read the article
  • 06 April
    IDRIS IDRIS
    boss give me money so I can live with smart
  • Squawk / 01 April 2014 at 14:25 GMT
    Ole Hansen Ole Hansen
    Head of Commodity Strategy / Saxo Bank
    Denmark
    A "risk on" beginning to second quarter has seen the S&P 500 once again testing record highs while the dollar is close to unchanged. The commodity sector is mixed with Corn and Soybeans continuing to react positively to the inventory and planting intentions reports yesterday. Dwindling soybeans inventories during the current 2013/14 crop year combined with increased acreage this summer has resulted in the spread between old (ZSN4) and new (ZSX4) crop widening by 8 dollars. In Corn a reduced acreage this summer has lend support to new crop (ZCZ4) and the spread has narrowed by 2 dollars.
    - Both Coffee and Sugar drops as rain in Brazil could boost the crops.
    - Gold continue to see negative momentum with upticks being met by selling as speculative longs continue to be scaled back.
    - Crude oil lower as Russia/West tensions fade and US inventories are expected to rise again when the report is released Wednesday.
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    02 April
    Denner Frawn Denner Frawn
    This comment has been redacted
  • Squawk / 01 April 2014 at 8:05 GMT
    Ole Hansen Ole Hansen
    Head of Commodity Strategy / Saxo Bank
    Denmark
    Corn (ZCK4) jumped back above 5 USD/bushel for the first time since last August yesterday as inventories on March 1 turned out to be lower than estimated. The December contract which represent the next harvest also jumped as US farmers said they intended to plant fewer acres of corn this spring as they turn to soybeans and other crops. The combination of tighter supply and reduced planting should help keep the market supported in the near-term. Hedge funds were sitting on a speculative net-long of 239,000 contracts as of March 25, a level that was last surpassed in 2012 during the extreme drought that summer.
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    01 April
    Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
    Thanks Ole. Soybeans (looking at the May '14 contract) also took out a big resistance zone around 1450-60 and has scope to 1550 now according to my...
  • Squawk / 31 March 2014 at 17:36 GMT
    Ole Hansen Ole Hansen
    Head of Commodity Strategy / Saxo Bank
    Denmark
    From Agrimoney: Corn futures rebounded to $5 a bushel for the first time since September after the US eroded ideas of ample domestic supplies of the grain, saying that inventories are a little lower than thought and that sowings will fall significantly this year.
    The US Department of Agriculture, in a much-anticipated report on domestic grain stocks as of March 1, said that inventories of corn had risen by 30% year on year to 7.01bn bushels.
    However, the figure was more than 90m bushels below market expectations, with traders expecting inventories to have shown a bigger rise after last year's record harvest.
    And the USDA, in a separate closely-watched report, curtailed expectations of corn harvest prospects for this year by estimating sowings at a four-year low of 91.7m acres, down some 3.7m acres year on year.http://m.agrimoney.com/news/corn-futures-near-$5-after-us-curbs-supply-hopes--6932.html
    Read the Squawk