OI6: A Fundamental Approach to Commodities ft. Ricardo Leiman & Pedro Marion
Top Traders Unplugged
Insights on Corn, Soybean, Trade Wars, and Soft Commodities Market Dynamics
Experts discuss short positions in corn and soybean markets, insight on coffee and sugar markets, and potential market impacts due to factors like new crop supply and trade wars.
In this episode, Moritz Seibert is joined by Ricardo Leiman and Pedro Marion from KLI Asset Management, a UK-based commodities-focused hedge fund. Ricardo and Pedro explain why KLI’s trading approach is rooted in deep fundamental analysis of commodity supply and demand and how they integrate commodity equities into their portfolio. Furthermore, they mention that the strong diversification across their portfolio of about 30 markets allows them to hold directional positions longer term, avoiding stop-outs on short-term price reversals – a feature that’s also an edge. Ricardo and Pedro also provide color on markets which they believe are currently interesting, including copper, sugar, coffee, oil, and EUA emission allowances.
-----
50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE
-----
Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.
IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.
And you can get a free copy of my latest book “Ten Reasons to Add Trend Following to Your Portfolio” here.
Learn more about the Trend Barometer here.
Send your questions to info@toptradersunplugged.com
And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.
Follow Niels on Twitter, LinkedIn and YouTube.
Follow Moritz on Twitter.
Follow Ricardo on LinkedIn
Follow Pedro on LinkedIn
Episode TimeStamps:
02:09 - Introduction to Ricardo and Pedro
06:18 - What is their edge?
07:57 - What commodities are they trading?
08:46 - Why they don't trade cocoa
11:09 - Acquiring information through networking
13:40 - Why and how do they trade commodity equities
17:15 - What do they consider long-term?
19:38 - Why isn't copper sky rocketing?
22:01 - Their approach to options
22:50 - How they incorporate trend following in their trading
25:24 - Global macro perspectives
27:28 - No hard landing?
28:35 - Is the coal market dying?
31:14 - The outlook of EUAs
35:03 - Do they formulate a price target in their models?
37:08 - A disconnect in the green transition
38:58 - Natural gas market integrating with LNG
40:55 - Their view on the grain markets
43:34 - A quick touch on other markets
44:20 - Thanks for listening
Copyright © 2024 – CMC AG – All Rights Reserved
----
PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey:
1. eBooks that cover key topics that you need to know about
In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here
2. Daily Trend Barometer and Market Score
One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here
3. Other Resources that can help you
And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here
The AI-powered Podcast Player
