Mon, Jul 25, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds continue to dump sugar

Tuesday, November 26, 2013

Komfie Manalo, Opalesque Asia:

Hedge funds continue to dump their sugar positions as prices continue to spiral downward and as speculators and investors are bearish on agricultural commodities prospect.

According to Agrimoney.com, citing data from the Commodity Futures Trading Commission, managed managers sliced their net long position in futures and options in at least 13 U.S.-traded farm commodities by 78,000 contracts in the week to last Tuesday.

Hedge funds and speculators were particularly bearish in the New York raw sugar futures and options when they cut their net long positions by over 30,000 contracts to 136,000 contracts, the report said. Sugar saw its biggest bearish positions over the last two weeks when speculators reduced their net long positions by more than 58,000 contracts.

However, speculators and hedge funds offer a little optimism and are hopeful of recovery in India and Thailand as well as Brazil after the end of the rainy seasons that have affected output of sugar cane.

In India, farmers and representatives of the local sugar industry met with Prime Minister Manmohan Singh to voice their concern over the sweetener, the Indiatimes.com reported.

......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. Opalesque Exclusive: ArbitrOption outperforms benchmarks, up 7.18% in H1[more]

    Komfie Manalo, Opalesque Asia: Independent registered advisor ArbitrOption breezed through the tumultuous Brexit referendum and outperformed its benchmarks. ArbitrOption was up 7.18% in the first half of 2016 compared to the S&P 500 which gain

  4. Europe - European hedge funds shrink and shutter as turmoil hurts returns, Investors go bargain-hunting for U.K. property after Brexit vote, Brexit: Guidance for fund directors - what to know and what to ask[more]

    European hedge funds shrink and shutter as turmoil hurts returns From Bloomberg.com: Europe’s hedge-fund industry contracted for a sixth straight quarter as the U.K.’s decision to leave the European Union and concerns that China’s growth is slowing caused losses and forced some money man

  5. Platinum Partners starts liquidation of hedge funds following municipal union kickback scandal[more]

    Komfie Manalo, Opalesque Asia: Platinum Partners, the hedge fund in the middle of a New York City municipal union kickback investigation, is reported to be liquidating two of its funds, the New