(Agrimoney) Expectations grew of a pullback in grain prices after data showed hedge funds having already been “much, much more active” in buying than had been expected, provoking doubts over appetite for further purchases. Managed money, a proxy for speculators, hiked its net long position in futures and options in the top 13 US-traded agricultural commodities, from corn to sugar, by 330,023 contracts in the week to last Tuesday, analysis of data from the Commodity Futures Trading Commission regulator shows.
Hedge Funds Buy Grains at Record Pace, as Weather Woes Threaten Crops
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