Playlist: Soybeans

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

Three trades on oil, gold and agriculture

Ole Hansen
If you'd been betting on ever-rising commodity prices, you could soon be counting your losses. Commodities as a whole, as measured by the Bloomberg Commodity Index, were up more than ten percent until the end of April and now it's fallen right back.  All the major futures contracts from crude oil to natural gas were sold. 

Brent crude, the global benchmark, dropped to a thirteen month low while WTI hit levels not seen since February. Sentiment has been hurt by the combination of subdued demand growth at a time of rising supply, not least from Libya. Ole suggests you could stay short for now but be aware that both crude oils have entered into oversold territory so if you're not involved right now, wait for a pullback. 

Soybean futures have fallen to their lowest levels since September 2009 as a big crop continues to get even bigger.  Ole says this crop is a good sell on any bounce or you could look at the relative trade to corn, which is stabilising. 

Gold has gained a little this week; it's regaining its safe-haven status, says Ole, as there's so much volatility in other commodities. It's also looking more attractive given major bond yields continue to fall to record levels and as inflation isn't much of an issue, the cost of holding gold declines.
Flavian Eigensatz Flavian Eigensatz
Gestivalor Professional Index (black line) and Gestivalor Sentiment Index (blue line) have spotted turns in the market early. A general too negative sentiment and underlying buying is the ideal combination and suggested a turn to come more often than not in the past.


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