Hedge Funds Hike Bets on Ideas of Coffee, Hard Wheat Supply Squeezes

(Agrimoney.com) Hedge funds bet hard on stories of squeezes in higher quality wheat, and coffee, markets, even as they cut bullish positioning on agricultural commodities overall, to the weakest in nearly five months.

Managed money, a proxy for speculators, reduced by more than75,000 contracts its net long position in futures and options in the main 13 US-traded agricultural commodities, from corn to cattle, in the week to last Tuesday, according to data from the Commodity Futures Trading Commission (CFTC) regulator.

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