(Agrimoney) Hedge funds returned to net selling in agricultural commodities for the first time since June, as the exit of risk premium from grains more than offset a scramble to cut bearish bets on softs – in cocoa, at the fastest pace in a decade. Managed money, a proxy for speculators, reduced its net long position in futures and options in the top 13 US-traded agricultural commodities, from coffee to cattle, by 20,483 contracts in the week to last Tuesday, analysis of data from the Commodity Futures Trading Commission regulator shows.
Hedge Funds Return To Selling Ags – Although Cocoa Gets Buying Spree
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