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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 / 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.
    Read the Squawk
    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.
    Read the Squawk
    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
  • Squawk / 31 March 2014 at 12:01 GMT
    Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
    Technical Analyst / FuturesTechs
    United Kingdom
    CROP REPORT PENDING: Here's some key levels ahead of the USDA Report:

    Soybeans:

    Key supports: 1428, 1412, 1393

    Key resistances: 1450-60 is a big “zone”, then 1475 and 1550.
    Read the Squawk
    31 March
    Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
    Seen a small bid on the numbers but nothing to challenge the big resistance zone above at 1450-60. I wonder if this will lead to some selling...
    31 March
    Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
    Soybeans printed 1423 before rallying to 1456, so right in that big area of resistance now. It will be interesting to see if a push through...
  • 29 March
    lance diffin lance diffin
    thanks