Commodities

NEWS DESK

Hedge funds pile into commodities while FX positioning masks a major yen misstep – Saxo Bank

News Desk 07/09/2026

Commodities In commodities, three major themes drove price action during the latest reporting week to 1 September. Crude oil and refined products received a fresh boost from renewed tensions in the Middle East, while escalating Russian and Ukrainian attacks on each other’s agricultural export

NEWS DESK

The Great Commodity Stampede Hits Gold and Grains- Saxo Bank

News Desk 31/08/2026

Commodities   In commodities, the latest reporting week to 25 August covered the period following the surprise US Treasury bond buyback announcement, which triggered a rush into hard assets, particularly precious metals, while the accompanying dollar weakness provided broader support across the commodity complex. It was also a week in which the geopolitical temperature

NEWS DESK

Rate Hike Back on the Table as Inflation Runs Warm- Saxo Bank

News Desk 29/08/2026

 Macro Inflation came in a shade warmer than expected. The July PCE price index rose 0.2% month-on-month after a 0.1% fall in June, above the 0.1% forecast, with services prices up 0.3% and goods 0.1% lower. Core PCE also rose 0.2%. Year-on-year the headline rate held at 7% (versus expectations for a dip to 3.6%) […]

NEWS DESK

COT update: Commodity buying accelerates as dollar positioning steadies – Saxo Bank

News Desk 21/08/2026

Commodities   Hedge funds extended their recent commodity buying spree into a fifth consecutive week, supported by a 4.7% jump in the Bloomberg Commodity Index amid broad strength across energy, precious metals and soft commodities. Overall, the combined net long across the 24 major commodity futures tracked rose by 18% to 1.3 million contracts, a […]

NEWS DESK

COT update: Commodity buying accelerates as dollar positioning steadies – Saxo Bank

News Desk 17/08/2026

Commodities   Hedge funds extended their recent commodity buying spree into a fifth consecutive week, supported by a 4.7% jump in the Bloomberg Commodity Index amid broad strength across energy, precious metals and soft commodities. Overall, the combined net long across the 24 major commodity futures tracked rose by 18% to 1.3 million contracts, a […]

NEWS DESK

Commodities Report: Commodities keep pace with equities amid broadening scarcity themes – Insights from Saxo Bank

News Desk 14/08/2026

Commodities have continued this month to build on the strong and broad gains the sector delivered in July, when the Bloomberg Commodity Total Return Index (BCOM TR) posted a 7.5% gain. Together with a further 2.4% rise so far this month, lifting its year-to-date return to 26%, the index has now clawed back the bulk […]

NEWS DESK

Commodities stabilise supported by fuel and weather risks – Saxo Bank

News Desk 10/07/2026

The commodity sector is showing signs of stabilising following a sharp correction that saw the Bloomberg Commodity Index fall around 15% between May and June. So far this month, the index has gained a moderate 2.8%, with all sectors and individual commodities except US natural gas trading higher. The breadth of the recovery is encouraging, […]

NEWS DESK

COT update: Peace deal hopes spark commodity liquidation as dollar longs surge – Saxo Bank

News Desk 01/06/2026

Commodities   In the latest COT reporting week to 26 May, growing confidence in a potential US-Iran peace deal helped drive the Bloomberg Commodity Index 4% lower, with only six of the 25 major commodity futures tracked in this report posting gains. At the sector level, energy slumped more than 9%, while agriculture fell 3.5%, […]

NEWS DESK

COT update: Metals bought, dollar sold ahead of US inflation surprise – Saxo Bank

News Desk 18/05/2026

Commodities The BCOM Index gained 1.5% during the reporting week before US inflation-led market turmoil triggered end-of-week volatility across bond yields, the dollar, and not least key commodities, particularly recently strong-performing investment and industrial metals. During the reporting week, relatively stable, yet elevated, energy prices initially supported a

NEWS DESK

Commodities: Flying blind as U.S. shutdown halts COT reporting – Saxo Bank

PR News Desk 21/10/2025

The three-week U.S. government shutdown has left commodity traders without one of their most valuable tools — the weekly Commitment of Traders (COT) report from the Commodity Futures Trading Commission (CFTC). For a market that thrives on transparency, the absence of positioning data has created an unusual vacuum. The last report, dated September 23, offered […]

NEWS DESK

COT report: Speculative flows in FX and commodities post-Fed decision – Saxo Bank

PR News Desk 29/09/2025

Forex The latest reporting week captured the market’s response to the resumption of US rate cuts, a well-anticipated move that left the dollar index up around 0.6% as of last Tuesday. All eight IMM futures tracked in this update traded lower, led by weakness in NZD, AUD and GBP. However, speculators used the pullback to […]

NEWS DESK

Tariff-related recession fears ignite widespread commodities selloff– Saxo Bank MENA

PR News Desk 03/04/2025

US President Trump has imposed the steepest and harshest American tariffs in a century on all its majorcounterparts, sparking threats of retaliation and a broad selloff around the world on concerns that a globaltrade war on this scale and magnitude will drive an economic slowdown—not least in the US, where inflationforecasts have spiked, and sentiment […]

NEWS DESK

Commodities show strength in Q1, led by a select few – Saxo Bank MENA

PR News Desk 27/03/2025

The commodities sector has emerged as one of the best-performing asset classes this year, and as the first quarter moves to a close, and a 2nd April tariff announcement from the Trump administration looms, let’s take a look at the winners and losers so far. In order to do so, we focus on our preferred […]

NEWS DESK

COT report: Traders turn selective despite ongoing broad commodities rally. Dollar selling continues – Saxo Bank MENA

PR News Desk 25/02/2025

Commodities: Following several weeks of widespread buying across most commodities and sectors, hedge funds began to exhibit signs of caution, adopting a more selective approach during the week leading up to 18 February. This period saw the Bloomberg Commodity Index climbing by 1.6% to reach a new 17-month high, buoyed by gains across all sectors […]

NEWS DESK

Broad Strength Drives Commodities Sector to 26-month High– Saxo Bank MENA

PR News Desk 06/02/2025

A strong start to the year has seen one of the leading commodities indices reach a 26-month high, potentially signalling a breakout of a two-year horizontal range that emerged following the 2020–2022 pandemic- and Ukraine war-led surge and subsequent correction. Overall, the Bloomberg Commodity Total Return Index (BCOMTR) trades up 5.9% so far this year […]

NEWS DESK

COT Report: Managed money’s year-end positioning in forex and commodities – Saxo Bank MENA

PR News Desk 09/01/2025

Forex: In forex, speculators ended the year holding a USD 32.3 billion net long USD position versus eight IMM futures contracts and the DXY. Apart from a brief peak last April, this was the biggest bet on a stronger dollar since mid-2019. This helps explain the sudden burst of dollar selling on Monday following a […]

NEWS DESK

Commodities sector eyes fourth weekly gain amid softer dollar and Fed expectations – Saxo Bank MENA

PR News Desk 02/09/2024

Commodities The commodities sector is heading for its fourth consecutive weekly gain, and throughout August the sector has been supported by a combination of a softer dollar, lower Treasury yields, and expectations the US Federal Reserve will announce the first of several cuts at the 18 September FOMC meeting. Traders and analysts watching US economic […]

Thought leadership

Recognising the crucial role of geopolitical tensions in global commodity markets

News Desk 02/09/2024

By Marc Pussard, Head of Risk at APM Capital Geopolitical events profoundly influence commodity prices, a crucial factor for investors to consider when shaping their strategies. It’s essential to take a strategic approach when considering these influences. According to a recent Fitch Ratings report, global commodity prices have been influenced by the wars in the […]

NEWS DESK

US elections impact global markets and commodities – APM Capital

PR News Desk 29/08/2024

Democrats Win:The impact on oil markets looks mixed from a Democrat win perspective. On the one hand, markets would expect a Democratic administration to push for green energy initiatives, potentially leading to stricter regulations on fossil fuels. This could reduce U.S. oil production, tighten global supply, and potentially raise oil prices. However, they are viewed […]