(Agrimoney) Hedge funds extended bearish bets on agricultural commodities, helped by a record net short in arabica coffee, and selling in sugar which is looking like a strategy in which they are piling up losses. Managed money, a proxy for speculators, expanded its net short position in futures and options in the top 13 US-traded agricultural commodities, from cotton to cattle, by 20,312 contracts in the week to last Tuesday, analysis of data from the Commodity Futures Trading Commission regulator shows…
Hedge Funds Wrong-Footed On Sugar Bets, Cautioned Over Cattle
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