(Agrimoney.com) Hedge funds were wrong-footed in grains by Friday’s Wasde report, taking more bullish positioning ahead of a briefing deemed bearish for prices.But on soft commodities, speculators got in ahead of bull runs in coffee and sugar.
Regulatory data showed that in the week to last Tuesday, managed money, a proxy for hedge funds, raised its net long in futures and options in the top 13 US-traded commodities by more than 167,000 contracts, the biggest turn bullish in positioning in three months.
