(Agrimoney) Hedge funds entered 2017 in a more bullish spirit, pulling out of selldowns in the likes of corn and most soft commodities, as the index fund reweighting process, expected to bring buying to most contracts, approached.
Managed money, a proxy for speculators, lifted its net long position in futures and options in the top 13 US-traded agricultural commodities, from cattle to sugar, by 5,591 contracts in the week to last Tuesday, analysis of data from the Commodity Futures Trading Commission regulator shows.
