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  • 09 February
    Ole Hansen Ole Hansen
    Thank you gents. Have a good one
    09 February
    carlosdemarch carlosdemarch
    Txs Ole
    6d
    cinci cinci
    Hi Ole, thanks for all this.

    And why is there still such a strong backwardation esp in WTI -- when there is a risk of strong supply...
  • Squawk / 08 February 2018 at 11:58 GMT
    Head of Commodity Strategy / Saxo Bank
    Denmark
    The USDA will release its monthly supply/demand report for February later today at 1700 GMT. The grain sector has experienced a revival during the past few weeks with multiple weather scares both in South America and the US Midwest providing the three major crops with enough support to force the reduction of what up until recently was a record short fund position.
    US Inventory levels at the end of the 2017-18 marketing year which runs until August is expected to show a decline in corn and an increase in soybeans stock while wheat is unchanged on last month.
    Table with surveys and prior results attached.
    Read the Squawk
    09 February
    agris.be agris.be
    There's an invertion in your summary between soybean stocks and wheat stocks
    09 February
    Ole Hansen Ole Hansen
    This comment has been redacted
    09 February
    Ole Hansen Ole Hansen
    Result of yesterday's WASDE report. As agris.be pointed out the soybean and wheat world stocks had been switched around and now corrected below.
    Overall the price impact was...
  • Article / 05 February 2018 at 8:28 GMT

    COT: Funds cover grain shorts; crude oil longs cut – #SaxoStrats

    Head of Commodity Strategy / Saxo Bank
    Denmark
    COT: Funds cover grain shorts; crude oil longs cut – #SaxoStrats
    Strong buying in natural gas and heavy short-covering across the grain complex were the main drivers behind a 16% increase in bullish commodities bets held by funds in the week to January 30. Record longs in oil products while crude oil saw the first small reduction in six weeks. Gold buying continued for a 7th week albeit at a modest pace
    Read the article
    05 February
    Logich Logich
    Any idea what triggered the spike in Copper today, Ole S. Hansen?
    05 February
    peter peter
    Short covering on coffee this time?
  • Article / 26 January 2018 at 13:52 GMT

    WCU: Commodities boosted by a fading dollar – #SaxoStrats

    Head of Commodity Strategy / Saxo Bank
    Denmark
    WCU: Commodities boosted by a fading dollar – #SaxoStrats
    Continued dollar weakness helped drive the Bloomberg Commodity Index to a 2½ year high with even the down-and-out agriculture sector showing signs of life. Conflicting views from the White House on the direction of the greenback helped trigger some profit taking but overall commodities continue to enjoy heightened investor interest.
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  • 22 January
    ashrafj1 ashrafj1
    Hi Ole what is your view for Cotton
    22 January
    matsuri matsuri
    the longer oil prices are high, the harder they will fall...I expect the WT to fall to range of 55-57 USD
  • Article / 15 January 2018 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.
    Read the article
    18 January
    cinci cinci
    Thank you for all interesting analysis ! A question: Is the Managed Money Position (MMP) in curde derived from all months ? For example if a...
  • 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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