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Andrew Hecht

Thu, May 25th, 2023

Andrew Hecht

Andrew Hecht

Andrew Hecht is a commodities trader and analyst with over forty years of experience. He began his career at Philipp Brothers, the world's leading merchant physical commodities trading company, in the 1970s through the 1990s. Hecht spent two decades with Philipp Brothers working in the commodities division, Salomon Brothers division, and at Phibro Energy where he ran trading, sales, and marketing in a wide range of commodity products. He subsequently worked with banks, hedge funds, and institutions trading commodities and managing risk. The business took him around the globe to assist producers and consumers. 

Andy has taught at the university level and writes prolifically on commodities for many portals. He has been one of the top-rated and followed contributors at Seeking Alpha and other sites, including Barchart over the past years.

Most Recent Stories

Sugar Consolidates Near the Recent High

World Sugar futures on the Intercontinental Exchange reflect the free-market price of the sweet commodity many countries subsidize. Sugar traded to the highest price since 2011 in April, with the futures...

SBN23 : 25.05 (-1.73%)
CANE : 13.58 (-0.51%)
SGG : 89.95 (-1.53%)
Platinum – The Bullish Trend Reaches a Critical Point

Platinum is a rare industrial and precious metal with many applications, including as a financial asset. Most of the world’s annual platinum supplies come from South Africa and Russia. While gold and...

PLN23 : 1,029.2 (-0.03%)
PPLT : 95.11 (-2.45%)
The KCBT versus CBOT Wheat Spread is Flashing a Bullish Signal

The spread between KCBT hard red winter wheat and CBOT soft red winter wheat is a barometer for the path of least resistance of the primary ingredient in bread. Many U.S. bread manufacturers price their...

ZWN23 : 605-6 (unch)
KEN22 : 867-2s (unch)
WEAT : 6.13 (-2.54%)
Copper Update - Pretty Fundamentals and Ugly Technicals

Fundamental supply and demand analysis finds support from technical analysis; the case for higher or lower prices can be compelling. It creates market confusion when they diverge, leading to sudden and...

HGN23 : 3.5930 (+0.88%)
HGM23 : 3.5900 (+0.96%)
P0Y00 : 7,901.50s (-2.47%)
ZBM23 : 126-14 (unch)
DXM23 : 103.910 (+0.11%)
Lumber Futures- A Liquidity Indicator Continues to Rise

The new physical lumber futures contract is smaller and more flexible than the random-length contract it replaced. The open interest metric has risen as the random-length contract expired and faded into...

LBN23 : 496.50s (-0.20%)
LBU23 : 520.50s (+0.10%)
WOOD : 71.16 (-1.88%)
CUT : 29.09 (-1.76%)
WY : 28.59 (-2.06%)
Crude Oil- Back in the U.S. Administration’s Buying Zone

In October 2022, the Biden administration told the crude oil market that the target range for replacing barrels sold from the U.S. Strategic Petroleum Reserve was $67 to $72 per barrel. The price is back...

CLM23 : 71.99s (+0.61%)
UCO : 25.31 (+2.26%)
SCO : 24.97 (-2.42%)
The May WASDE- Mostly Bearish Price Action in Soybean, Corn, and Wheat Futures

The USDA’s monthly World Agricultural Supply and Demand Estimates report is the gold standard for fundamental data on the commodities that feed and increasingly fuel the world. The May WASDE report comes...

CORN : 23.03 (+0.13%)
SOYB : 24.83 (-0.32%)
WEAT : 6.13 (-2.54%)
ZSN23 : 1325-0 (unch)
ZSX23 : 1180-6 (-0.36%)
ZCN23 : 589-0 (+0.30%)
ZCZ23 : 521-0 (+0.19%)
ZWN23 : 605-6 (unch)
Cotton – 80 Cents is a Pivot Point

Cotton had its day in the bullish sun one year ago when the price rose to an eleven-year $1.5802 per pound high. While the other soft commodities continue to trade in bullish trends, cotton is consolidating...

CTN23 : 81.90 (+0.22%)
BAL : 58.76 (-2.45%)
OJN23 : 294.35 (+0.15%)
SBN23 : 25.05 (-1.73%)
CCN23 : 3,011 (+0.03%)
ICE : 106.58 (-1.21%)
Will the Dollar Index Fall Below 100 and Does it Matter?

The dollar index measures the U.S. currency against the other leading world reserve foreign exchange instruments. After rising to a two-decade high in September 2022, the index ran out of upside steam...

DXM23 : 103.910 (+0.11%)
UUP : 28.47 (+0.35%)
UDN : 18.61 (-0.32%)
Bitcoin – Stuck In Neutral

Bitcoin is a highly controversial asset. Supporters believe cryptocurrency will replace fiat currencies as Bitcoin and the many other cryptos values reflect buying and selling interest without government...

^BTCUSD : 26,387.64 (+0.07%)
BITQ : 6.79 (+0.15%)
COIN : 58.36 (-1.25%)

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History in the making 👇 $NVDA https://t.co/eJe3xKPFhK
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Do Triple Top Chart Patterns exist? (Doing a poll as there appears to be some debate from the earlier Gold tweet)
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Nvidia $NVDA is expected to derive 50-60% of its 2023 revenue from artificial intelligence according to research from JP Morgan. Here is a list showing the % of revenue other companies expect to earn this year from AI: https://t.co/2zbQ0y7dyq
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Potential Triple Top for Gold? H/T: @Callum_Thomas https://t.co/06Cyi4QuSM
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Updated Nvidia $NVDA Trader's Cheat Sheet based on yesterday's closing price https://t.co/mnCQkWqY7c
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Treasury Bills maturing around the U.S. Treasury's "X" date are yielding more than 6% which is higher than some corporate bonds sold by junk-rated companies https://t.co/GzprhP5gHM
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Food inflation proving sticky in the UK as the average cost of an English Breakfast is up an average of 22% year-over-year. In fact, every single item that makes up Bloomberg's Breakfast Index has increased since April 2022. https://t.co/pPdQYJqp5R
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Expectations of a Federal Reserve June interest rate hike are increasing. Fed swaps are now pricing in a 40% chance of a 25bps hike in June. https://t.co/oAw2rwUUcC
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Did you miss today's webinar "Barchart's Indispensable Tools for Trading the Futures Markets?" No worries as it's now available on our YouTube Channel 👇 Link: https://t.co/ALIauEbvMG https://t.co/ALkessSiUD
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Fed Governor Christopher Waller believes additional interest rate hikes are coming and won't support a pause right now https://t.co/Ny5iinaycM
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The Treasury Yield Curve (10Y-3M) is a perfect 8/8 in forecasting recessions since 1968. Duke University Professor Campbell Harvey believed it was showing a false warning in January. He now believes it is real and only questions how deep the recession will be. https://t.co/rgWiTZ4aNj
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A U.S. credit rating downgrade is being considered by Fitch Ratings https://t.co/MxZOb10QKv
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7 Fear & Greed Indicators: * Market Momentum (Greed) * Stock Price Strength (Neutral) * Stock Price Breadth (Fear) * Put and Call Options (Extreme Greed) * Market Volatility (Neutral) * Safe Haven Demand (Greed) * Junk Bond Demand (Greed) https://t.co/qRmhZnyEa8 https://t.co/G0EZ5FBfky
Barchart
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Here is how much money you need to be among the Top 1% in the World's 10 Richest Countries: https://t.co/BWuQwM3qZA
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ETFs w/ most active options trading: $SPY - 9.076M $QQQ - 3.153M $IWM - 1.022M $XLI - 387k $HYG - 382k $KRE - 308k $TQQQ - 253k $EEM - 243k $UVXY - 243k $SLV - 234k $XLF - 203k $SQQQ - 197k $EWZ - 192k $TLT - 142k $ARKK - 124k $EFA - 123k $SOXL - 116k $GLD - 101k $XHB - 76k
Barchart
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Barchart
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Stocks w/ most active options trading: $TSLA - 2.178M $NVDA - 930k $AMZN - 837k $AAPL - 722k $NU - 422k $AMD - 396k $PLTR - 385k $BABA - 358k $NIO - 330k $NFLX - 315k $GOOGL - 295k $DIS - 285k $META - 283k $MSFT - 279k $PFE - 267k $ETRN - 226k What options did you trade?
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% of Large Cap Stocks Above Their Moving Averages https://t.co/qoXV3Chkvo
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Stock Market Fear & Greed Index = 61 (Greed) https://t.co/EuG3dB1zK3
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Dividends from the world's largest 1,200 publicly traded companies hit a record $326.7 billion during the 1st quarter, a 12% increase YOY https://t.co/iTXZT7eLkK
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Central Banks bought 1,079 tonnes of gold bullion in 2022, the most ever since record keeping began in 1950. https://t.co/9uPBBZPFL0 https://t.co/GlOwh0NP7Y
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