(Agrimoney) Hedge funds curtailed their negative position on agricultural commodity prices, as bets on rising livestock values more than outweighed selling in grains – and coffee, now deemed “significantly vulnerable to short covering” Managed money, a proxy for speculators, reduced its net short position in futures and options in the top 13 US-traded agricultural commodities, from cattle to wheat, by 22,049 contracts in the week to last Tuesday, analysis of data from the Commodity Futures Trading Commission regulator shows.
Hedge Funds Lift Livestock Longs To Record High – But Coffee ‘Vulnerable to Short-Covering’
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