Hedge Fund News From HedgeCo.Net


Corn ‘to outperform soy’ thanks to hedge fund bets

Hedge funds turned less negative on corn price prospects, but remain net short by a historically high amount – raising the prospect of a substantial switch in the fortunes of prices of the grain compared with soybeans.

Managed money, a proxy for speculators, raised its net long position in futures and options in the main US-traded agricultural commodity contracts by 37,000 lots in the week to last Tuesday, according to data from the Commodity Futures Trading Commission.

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