SaxoTV

#SaxoStrats - Going against the grain with corn ripe for fall

383 views
July 15, 2015 commodities, commodities gold, commodities markets, commodities prices, commodities supply, commodities trading, commodity, commodity corner, commodity gold, commodity index, commodity investing, commodity investments, commodity market, commodity markets, commodity outlook, commodity prices, commodity strategy, commodity trade, commodity trading, commoditymarket, conr, corn, corn dops, corn drops, corn futures, corn price, corn prices, corn production, corn supply, corn supply record high, corporate, corporate bonds, correction, currency, ole hansen, saxo tv, trading, tradingfloor.com

Saxo Bank's Head of Commodity Strategy Ole Hansen outlines his latest SaxoStrats trade. Seeing a rise in Corn prices and improving weather suggests a possible pause according to Ole.      

- Prices have risen by around 25% during the past month.
- 69% of crop rated good/excellent compared with 10-year average of 64%
- December corn reached 454 ¼ yesterday before suffering sharp reversal
- In just three weeks HF have net-bought 300,000 lots turning from short to long
- Key risk: Deteriorating weather outlook and/or weaker dollar