(Bloomberg) As Americans prepare to fill their Easter baskets with sweet treats, hedge funds aren’t feeling the sugar rush. As expectations for a global supply surplus mount, money managers have reduced their bets on a sugar rally for six straight weeks, the longest streak since August 2014. The retrenchment has helped drive futures in New York down about 14 percent this year, among the biggest losses of the 22 components tracked by the Bloomberg Commodity Index.
Easter Candy Hunt Gets Cheaper as Funds Exit Sugar Bets
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