It was a relatively quiet overnight session on the news front, although you wouldn’t know
Category: commodities
High Cotton: Commodity Bets Soar To Records, Hogs Still Skeptical
“Bullish bets on oil, copper and cotton futures all hit record levels in January, according to data from the Commodity Futures Trading Commission that goes back to 2006. That was the first time in nearly a decade that this cross section of materials and resources established new highs simultaneously.”
Daily Kickstart (Oil Gets “Crude” Awakening, RBI Shocks Markets)
We start this morning not with FX but with crude. By now it’s no secret
Key Calls: Goldman Reiterates Long Commodities Bias
“While this return is nearly twice the equity market and suggests markets have already priced in much of the reflation theme for 2017, we do believe there is still upside from here of c.5%”
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