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  • Article / 10 November 2017 at 13:58 GMT

    WCU: Commodities gains led by strong energy sector

    Head of Commodity Strategy / Saxo Bank
    Denmark
    WCU: Commodities gains led by strong energy sector
    The Bloomberg Energy Index reached a 10-month high as the sector continues to attract attention and demand. The approach of winter saw natural gas break out of its months-long range, while crude oil rose for a fifth consecutive week with heightened geopolitical risks being the main driver of the latest gains.
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    13 November
    Ole Hansen Ole Hansen
    Gold remains stuck and the lack of upside momentum carried the risk of long liquidation below $1280/oz. Without much news to support the move this was what...
    13 November
    carlosdemarch carlosdemarch
    great report Ole! keep it up
  • 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.
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    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 / 06 November 2017 at 8:26 GMT

    COT: Oil longs most stretched since March

    Head of Commodity Strategy / Saxo Bank
    Denmark
    COT: Oil longs most stretched since March
    Hedge funds continued the rotation out of grains and metals into energy during the week to October 31. The combined net-long across oil and products jumped to their highest since February, especially driven by strong oil demand. Outside oil and products major reductions were seen in natgas, silver, corn and wheat while sugar and cattle were bought.
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    06 November
    matsuri matsuri
    "this is madness" - it is how I can describe the situation on oil. I am waiting for the trigger to bring oil down back towards $50...
  • Article / 13 October 2017 at 13:15 GMT

    WCU: Geopolitical risks and weaker dollar support commodities

    Head of Commodity Strategy / Saxo Bank
    Denmark
    WCU: Geopolitical risks and weaker dollar support commodities
    A strong week for energy and metals helped give the Bloomberg Commodity Index its best week in six. Renewed dollar weakness provided some overall support while the re-balancing process supported oil and a dovish Fed helped gold. Industrial metals surged higher as Beijing continued its efforts to curb supply in order to reduce pollution during the coming winter.
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  • 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...
  • 02 October
    AIRLINE AIRLINE
    Hi Ole,

    Interesting what you mention regarding Brent (BZ) at CME as well as Brent/WTI spread. Perhaps you could include this and inform a little about...