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  • Article / 12 September 2017 at 11:59 GMT

    Grain traders look to WASDE for direction — #SaxoStrats

    Head of Commodity Strategy / Saxo Bank
    Denmark
    Grain traders look to WASDE for direction — #SaxoStrats
    The United States Department of Agriculture will release its monthly update on supply and demand later today at 1600 GMT. The August report helped send all three major crops lower when the government raised yield and production estimates by more than expected. A general downward revision is currently expected.
    Read the article
    13 September
    Ole Hansen Ole Hansen
    The WASDE report helped send corn, soybean and cotton lower as yield and production increased by more than expected. Wheat held steady supporting a move higher in...
  • Article / 11 September 2017 at 8:27 GMT

    COT: Metals may pause after weeks of buying — #SaxoStrats

    Head of Commodity Strategy / Saxo Bank
    Denmark
    COT: Metals may pause after weeks of buying — #SaxoStrats
    Hedge funds were broad-based buyers of commodities in the week to September 5. The aftermath of hurricane Harvey gave energy futures a boost, while precious and industrial metals remained in demand. The agricultural sector was mixed, with corn and wheat sold ahead of the WASDE report, while risk of hurricane damage lifted cotton and sugar.
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  • 29 August
    citymoments citymoments
    go against hedge funds, in this business, you are either a contrarian or a victim.
  • Article / 25 August 2017 at 13:20 GMT

    WCU: Hurricane Harvey lifts gasoline, gold waits for a break

    Head of Commodity Strategy / Saxo Bank
    Denmark
    WCU: Hurricane Harvey lifts gasoline, gold waits for a break
    The energy sector traded flat when a spike in gasoline prices on hurricane Harvey fears helped offset small losses in crude oil. Precious metals traded quietly, with gold struggling to break key resistance while waiting for news from the annual gathering of central bankers at Jackson Hole in Wyoming.
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  • Article / 21 August 2017 at 8:08 GMT

    COT: Copper and gold in demand, grains hit — #SaxoStrats

    Head of Commodity Strategy / Saxo Bank
    Denmark
    COT: Copper and gold in demand, grains hit — #SaxoStrats
    Hedge funds further boosted their exposure to metals, both precious and industrial, in the week to August 15. Farm commodities saw heavy selling across the board, while the energy sector got a lift from a jump in natural gas longs despite another week of WTI crude oil selling.
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    21 August
    Ole Hansen Ole Hansen
    Funds continued to buy Brent crude oil last week while WTI was sold. Bullish bets increased by 4.6% or 18k lots to 419k lots as the North...
  • 14 August
    Ole Hansen Ole Hansen
    Hedge funds increased Brent crude net-longs by 58k to 401k lots in week to August 8. This as the prompt spread returned to backwardation and the premium...
    15 August
    Logich Logich
    Hey, Ole. - Do you have an explanation for the significant drop over the couple off days, in the Coffee price?
  • Article / 11 August 2017 at 14:01 GMT

    WCU: Fear drives gold, oil stays rangebound — #SaxoStrats

    Head of Commodity Strategy / Saxo Bank
    Denmark
    WCU: Fear drives gold, oil stays rangebound  — #SaxoStrats
    Heightened geopolitical risks triggered by sharp rhetoric between US president Donald Trump and North Korea this week boosted demand for gold, the yen and secure bonds while high-yield bonds and stocks were knocked lower. Both precious and industrial metals moved higher, energy was flat while agriculture commodities slumped
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    11 August
    Vladimir M Vladimir M
    435 of zwu7 at least not so bad inflation
    11 August
    Vladimir M Vladimir M
    however I heard some problems with milk in Russia
  • Squawk / 10 August 2017 at 9:21 GMT
    Head of Commodity Strategy / Saxo Bank
    Denmark
    The USDA will publish its monthly 'World Agriculture Supply Demand Estimate' report for August later today at 1600 GMT. Last months report helped trigger a sell-off which eventually saw a complete reversal of the strong gains witnessed during early July.
    Today's report will focus on corn and soybeans as it will include first assessments of the 2017 crops based on field surveys. Analysts are forecasting a lowering of the yield in both crops with a Reuters survey pointing to a cut in corn yield of 4.5 bushels per acre to 166.2 bushels and a 0.5 bushels-per-acre reduction to 47.5 bushels per acre in the forecast for the soybean.
    Open interest, especially in corn, has been cut continuously during the past four sessions as traders ease up on positioning ahead of the report.
    Attached the average survey results from Bloomberg and Reuters
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    11 August
    Ole Hansen Ole Hansen
    Yesterday's WASDE report was one big bearish surprise with all components showing a stronger result than the surveys. As mentioned this was the first assessment of corn...