(Agrimoney) Hedge funds hiked their bullish bets in agricultural commodities near to the highest in nine months, led by a buying spree in grains – which commentators cautioned could herald revived selling pressure.
Managed money, a proxy for speculators, boosted its net long position in futures and options in the top 13 US-traded agricultural commodities, from corn to sugar, by 118,149 contracts in the week to last Tuesday, analysis of data from the Commodity Futures Trading Commission regulator shows.
