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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 / 10 July 2015 at 8:03 GMT

Hansen: Don't blame China for every commodity's problem

Ole Hansen
The Chinese dragon has been mostly to blame for this week's volatility in commodities. But Saxo's Ole Hansen says there are other reasons why crude oil and gold are not performing as well as they should.

The rig count rise and increasing inventories in the US started the slide in WTI, notes Ole. OPEC is still producing at the highest rate since 2012. Plus if the Iranian nuclear negotiations lead to a deal, additional supplies of crude could be added to the market, he says.

Although gold is considered a safe haven, the precious metal has not benefited from this week's volatility. Investors have either been shorting or getting out of gold altogether.

The only sector to have made gains this month is agriculture. Hansen notes that corn, wheat and soybeans have rallied more than 10% over the last month, mostly due to deteriorating weather prospects. Later this Friday the World Agricultural Supply and Demand report (WASDE) is out and Ole says it could show that corn stocks are down 12% while soybeans are down 20%.

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