(Agrimoney) Hedge funds headed in 2018 record net short in agricultural commodities, clashing with ideas that the year could prove a strong one for raw materials as a whole, to judge by relative valuations, and economic and currency forecasts. Managed money, a proxy for speculators, lifted its net short position in futures and options in the top 13 US-traded agricultural commodities, from corn to sugar, by 11,946 contracts in the week to December 26, analysis of data from the Commodity Futures Trading Commission regulator shows.
Hedge Funds Head Into 2018 Record Short in Ags – Despite Hopes for Commodities Upturn
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