(Agrimoney) Hedge funds turned record bearish on soft commodities, raising ideas that prices are vulnerable to an upward spike from a change in sentiment, but continued to cut short bets on wheat, crystallising losses. Managed money, a proxy for speculators, trimmed its net short position in futures and options in the top 13 US-traded agricultural commodities, from corn to cotton, by just 14 contracts in the week to last Tuesday, analysis of data from the Commodity Futures Trading Commission regulator shows.
Hedge Funds Hike Bearish Bets on Softs to Record High – ‘Heralding Price Gains’
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