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Playlist: Soybeans

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8:32
From the Floor: S&P 500 dips below 2,700, risk-off in effect
#SaxoStrats
22 February 2018 at 8:24 GMT
2:42
WASDE is the biggest report of the summer: Hansen
Ole Hansen
11 August 2016 at 13:51 GMT
1:32
Why there may be no more beans in soy: Hansen
Ole Hansen
11 May 2016 at 9:21 GMT
2:04
Commodity rally gathers pace: Hansen
Ole Hansen
21 April 2016 at 10:24 GMT
3:01
Oil spikes, shorting Gold and going with the grain
Ole Hansen
27 March 2015 at 10:52 GMT
2:55
Hansen: My essential commodity trades for Q1
Ole Hansen
08 January 2015 at 10:00 GMT
2:47
Three trades on oil, gold and agriculture
Ole Hansen
15 August 2014 at 13:33 GMT
Video / 21 April 2016 at 10:24 GMT

Commodity rally gathers pace: Hansen

Ole Hansen
Commodities are seeing their best week since June 2012, says Saxo Bank’s head of commodity strategy, Ole Hansen. But is this happening for the right reasons?

Hansen looks at the factors driving silver, grains and energy higher and how the rally is also supporting stocks. He explains why he thinks the market may be getting ahead of itself and why we could see some sharp corrections.

3y
John Roberti John Roberti
Dear Ole,I am more an more concerned about interventions of algorithms in the market! In the last 40 minutes, WTI oil has come down 90 cents on no news or information of any kind, not to stress that it was in an environment of declining dollar (due to Draghi effect) and stable stock market thus not generally favourable to drop in oil prices. Your opinion would be appreciated
3y
Ole Hansen Ole Hansen
The sharp correction that i warned about has kicked off following the ECB press conference. The biggest gainers such as silver, oil and corn currently retracing in search of support
3y
John Roberti John Roberti
Are you saying that it is the result of excess long position pushing to level unjustified with minor events being the factor for the reverse movement which could be bigger even than what we have seen so far? interesting to note than not only metals are declining but also now the stock markets...!
3y
matsuri matsuri
stock markets are positively correlated with oil price. The oil rally could not withstand long since there is too excessive number of long positions whose closing (even one large position- there was such case in the past few months) and covering could trigger significant fall. I agree with Ole that the oil will be rangebound this quarter. Since the higher the price go, the more rigs are opened/not closed in North America. For this reason following the fiasco of talks on Sunday, the number of rigs and US inventories are of utmost importance for the oil price.
3y
John Roberti John Roberti
matsuri: rangebound means, if I understand correctly ole, between 40 and 45 thus a reduction of 28.000 barrels per day in a glut of 2 millions should not create a major jump but rather s a smooth decline. I agree that the decline must be limited to avoid strong reduction of oil production in the US thus we should be going slowly towards 40 in my view

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