(Agrimoney.com) Hedge funds returned to a bearish bias on ags – although not by much, as improved sentiment towards cocoa and wheat prices offset some of the impact of data-fuelled sales in corn and cotton. Managed money, a proxy for speculators, cut its net long position in futures and options in the top 13 US-traded agricultural commodities, from cotton to cattle, by 8,255 contracts in the week to last Tuesday, according to data from the Commodity Futures Trading Commission regulator.
Hedge Funds Resume Selling in Ags, Led by Corn, Cotton, Hogs
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