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#SaxoStrats - Going against the grain with corn ripe for fall
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 ΒΌ 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
01:19 minutes
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