(Agrimoney.com) Hedge funds again cut their bullish positioning on ags, led by the largest sell-down in wheat on record – so big it has, ironically, left many investors looking at losses despite them making the right call on US weather.
Managed money, a proxy for speculators, cut by more than 22,000 contracts its net long position in futures and options in the main 13 US-traded agricultural commodities in the week to last Tuesday, according to data from the Commodity Futures Trading Commission (CFTC) regulator.
