Hedge Funds Extend Sell-Down in Ags, Amid China Worries

(Agrimoney.com) Hedge funds, negotiating the markets sell-off amid China jitters, again struggled to call coffee futures right, making their biggest bearish in shift in history on arabica – only for prices to stage a modest revival. Managed money, a proxy for speculators, cuts its net long position in futures and options in the top 13 US-traded agricultural commodities, from corn to sugar, by 39,704 contracts in the week to last Tuesday, analysis of data from the Commodity Futures Trading Commission regulator shows.

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