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  • 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...
  • Squawk / 09 November 2017 at 14:06 GMT
    Head of Commodity Strategy / Saxo Bank
    Denmark
    The US Department of Agriculture will release its monthly supply and demand estimates (WASDE) today at 1700 GMT. Is expected to show a bigger US corn yield leading to biggest stock since 1988. Soybeans yield and production probably declined while a global rush to unload wheat could trigger a reduction in world stocks.
    Attached WASDE expectations as well as the latest speculative fund positions from the week to October 31.
    Read the Squawk
    10 November
    Ole Hansen Ole Hansen
    Bearish WASDE report with Dec Corn hitting a fresh contract low as stocks surge to a 30-year high. Soybeans also traded sharply lower while wheat recovered...
  • Article / 01 November 2017 at 13:29 GMT

    Wheat tumble sees spread to corn returning to August low

    Head of Commodity Strategy / Saxo Bank
    Denmark
    Wheat tumble sees spread to corn returning to August low
    CBOT wheat, both ZWZ7 and ZWH8 tumbled to fresh contract lows yesterday on technical selling and continued strong competition on the global export market. Corn, meanwhile, has managed to stay within its established range and is to a certain extent being supported by rising ethanol prices in response to rising oil prices.
    Read the article
  • 12 October
    Pandorra Pandorra
    Dear Mr Hansen, would you please share with us your thoughts on the latest WASDE report.
    Appreciate your opinion on cocoa market also. Thank you for further comments....
    12 October
    Ole Hansen Ole Hansen
    Highlights from Bloomberg:
    Hurricane Irma hurt cotton yields in Georgia, the second-biggest cotton grower, more than Hurricane Harvey hurt yields in Texas, the biggest producer.
    Soybean supplies are less...
  • Trade view / 22 September 2017 at 8:43 GMT
    Short term
    /
    Buy

    UPDATE: Wheat turning a corner after hurricane – #SaxoStrats

    Product Manager, Trader, Educator
    Denmark
    We're closing the wheat trade we initiated on September 7 (Buy +1 Vertical ZWZ7 OCT 17 OZWV7 445/450 Call @2.25) with a maximum gain today before close as it is expiration day. The grain markets remain volatile on crop risks from South America and short covering. Traders could consider rolling out and up the strategy with November expiration.
    Read the Trade View
  • 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...