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Have commodities funds finally turned the corner?

Posted on 06 June 2014 by VRS  |  Email |Print

The outlook for natural resources funds is at its most positive for many years, according to Investec’s Bradley George, but he warns more confidence is needed for the sector to rally in a meaningful way.
Following a period of very poor returns, commodity-focused funds have rebounded significantly since the start of the year. George, manager of the £150m Investec Enhanced Natural Resources fund, says he is far more bullish than he was this time 12 months ago as he thinks the trend should continue………………………………………..Full Article: Source

Schroders’ commodity hedge fund to shut

Posted on 04 June 2014 by VRS  |  Email |Print

A prominent backer of commodities hedge funds is shutting down after investors frustrated by market doldrums and high management fees took their money elsewhere.
Schroders’ Opus commodities fund, which contained $2.3bn at its peak, is closing after assets dwindled to hundreds of millions of dollars, according to people familiar with the matter. David Mooney and Cédric Bellanger, co-portfolio managers, will leave London-based Schroders………………………………………..Full Article: Source

Fund Managers’ Net Bullish Gold Position Smallest Since Late January - CFTC Data

Posted on 03 June 2014 by VRS  |  Email |Print

A sharp price drop prompted large speculators to cut their net-long positions in gold futures and options on the Comex division of the New York Mercantile Exchange to the smallest levels since late January.
These fund managers had been winnowing down their bullish holdings for most of May, as seen in the weekly commitments of traders report from the Commodity Futures Trading Commission, but the latest data shows large speculators are seeking to lift their gross short positions. The data is as of May 27………………………………………..Full Article: Source

Funds Cut Bullish Gold Wagers Most This Year: Commodities

Posted on 02 June 2014 by VRS  |  Email |Print

Hedge funds pared bets on a gold rally at the fastest pace this year after prices capped the biggest monthly decline since December.
Money managers trimmed their net-long position by 24 percent as a rally in U.S. equities to a record eroded the appeal of alternative assets. Short holdings are now the highest in 15 weeks and assets in exchange-traded products backed by metal the lowest since 2009…………………………………….Full Article: Source

Hedge Funds Buy Oil as Supply Drops Before Memorial Day: Energy

Posted on 26 May 2014 by VRS  |  Email |Print

U.S. crude inventories declining from a record before the Memorial Day weekend spurred speculators to increase bullish bets on oil for a second week. Hedge funds raised their net-long position in benchmark West Texas Intermediate futures by 4.1 percent in the week ended May 20, U.S. Commodity Futures Trading Commission data show. Prices climbed to a one-month high.
Crude supplies fell the most in four months in the week ended May 16, the U.S. Energy Information Administration said………………………………………..Full Article: Source

Hedge Funds Cut Gold Bull Bets Most in Month

Posted on 19 May 2014 by VRS  |  Email |Print

Hedge funds cut bullish bets on gold futures by the most in a month as holdings of physical bullion in exchange-traded funds dropped to the lowest since 2009.
Money managers’ net-long position contracted for the second time in three weeks in the five trading sessions ended May 13. The drop in bullion held through global ETPs extended into a ninth week, with about $6.9 billion of value erased…………………………………….Full Article: Source

Fund Managers Return To Buy Gold - CFTC Data

Posted on 13 May 2014 by VRS  |  Email |Print

Large speculators returned as buyers in gold futures and options positions on the Comex division of the New York Mercantile Exchange in the latest weekly commitments of traders report from the Commodity Futures Trading Commission, following mixed action by these traders in the previous report.
These fund managers narrowed their bullish positions in silver in the current CFTC reports, which are as of May 6. In the previous reports, large speculators were divided in their silver-market activity………………………………………..Full Article: Source

Hedge Funds Cut Gasoline Bets 14% on Supply Gain: Energy

Posted on 12 May 2014 by VRS  |  Email |Print

The expansion in stockpiles of U.S. gasoline as refineries returned from maintenance and imports accelerated spurred speculators to cut wagers on rising prices by the most in more than three months.
Money managers reduced net-long positions by 14 percent from the highest level since February 2013 in the week ended May 6, U.S. Commodity Futures Trading Commission data show. Long positions fell 11 percent, the first drop in four weeks, and short positions rose 6.1 percent………………………………………..Full Article: Source

Diversify Your Portfolio With Commodity Funds

Posted on 12 May 2014 by VRS  |  Email |Print

Commodity funds provide good diversification with respect to the stock market. Over the past 5 years, the performances of commodity funds have significantly lagged the S&P 500. The funds UCI, RJI, and USCI have performed well in comparison to peers.
Commodities are “real assets” that run the gamut from oil and precious metals to agriculture. Whether or not this volatile asset class deserves a place in a conservative portfolio is a matter of debate but many financial planners recommend from 3% to 10%, depending on your investment objectives, time horizons, and risk profile……………………………………….Full Article: Source

Commodity funds down in first quarter, even as energy markets rally

Posted on 08 May 2014 by VRS  |  Email |Print

Two-thirds of commodity hedge funds lost money in the first quarter, extending last year’s dismal run, possibly because they bet against higher crop and energy prices in a rallying market, data from futures broker Newedge and banker HSBC showed on Wednesday.
Of some 120 commodity-focused funds in the United States and Europe that either trade on discretion or follow trends, about 70 finished lower in the three months through March, despite a run-up in the corn, wheat, soybean, arabica coffee, lean hog and natural gas markets, the data showed………………………………………..Full Article: Source

Hedge funds miss the mark betting on rising grains

Posted on 06 May 2014 by VRS  |  Email |Print

The concerns over weather setbacks to US winter wheat, and to spring corn sowings, drove hedge funds to take a more bullish position on agricultural commodities, although sentiment on cocoa declinesd sharply.
Managed money, a proxy for speculators, raised its net long position in futures and options in the top 13 US-traded agricultural commodities, from coffee to lean hogs, by more than 56,000 contracts in the week to last Tuesday, according to data from the Commodity Futures Trading Commission regulator………………………………………..Full Article: Source

You’ve got to hedge your bets

Posted on 30 April 2014 by VRS  |  Email |Print

In the last six years there has been a very major secular shift—from which we are all suffering. We, the World Gold Council, the association of large mining companies, felt we had to increase the use of gold by securitising gold. So we introduced to the global securities markets the ability to buy gold as a trading stock called ETF, exchange-traded fund. That was previously unheard of.
Before ETFs, if you wanted to buy gold, you went to a bank and bought gold coins or a gold bar. But if you were an insurance company, and say your assets were $100 billion and you had to invest 5% of your assets in gold, you had to buy gold shares………………………………………..Full Article: Source

Hedge funds wrong-footed by grain price recovery

Posted on 29 April 2014 by VRS  |  Email |Print

Hedge funds appear to have been wrong-footed by the rebound in US grain and soybean prices last week on weather and Ukraine fears, cutting their bullish bets on corn and wheat in the run-up to the recovery.
Managed money, a proxy for speculators, cut its net long in future and options in the top 13 US-traded agricultural commodities by more than 40,000 contracts in the week to last Tuesday, according to data from the Commodity Futures Trading Commission regulator………………………………………..Full Article: Source

Misery continues for trend-following hedge funds

Posted on 28 April 2014 by VRS  |  Email |Print

Trend-following hedge funds have suffered further outflows amid weak investment performance, raising questions about their survival.
Commodity trading advisers, hedge funds that tend to follow trends in markets using computers to place bets, suffered their 10th consecutive month of net outflows in March, according to Eurekahedge, the data provider………………………………………..Full Article: Source

Three funds to cash in on a rally in commodities

Posted on 25 April 2014 by VRS  |  Email |Print

The outlook for commodities is the best it’s been for a decade, according to Hermes Fund Managers, joining a long line of experts expecting more for the asset class in the coming years.
Old Mutual’s Richard Buxton and FE Alpha Manager Barry Norris are among the fund managers who have been increasing their exposure to commodities-related stocks in recent months. Many believe the pessimism towards Chinese demand has been overdone, and expect a sector-shift out of more expensive areas such as consumer staples and healthcare as a result………………………………………..Full Article: Source

“Enormous potential” for agriculture funds

Posted on 23 April 2014 by VRS  |  Email |Print

Buy land, said Mark Twain, they ain’t making it any more. He also observed that one of the secrets of success in life is to eat what you like and let the food fight it out inside. Taken together, these two aphorisms go a long way to explaining the appeal of investment in agriculture.
The world may not be making any more land but it’s certainly making more people, and increasingly many millions of those extra mouths are consuming what they like - and that means protein-rich meat diets of the kind the advanced economies have been enjoying for years………………………………………..Full Article: Source

Hedge funds cut gold bets in longest slide of 2014

Posted on 22 April 2014 by VRS  |  Email |Print

Hedge funds lowered bullish bets on gold for a fourth week, the longest streak this year. The net-long position contracted to the lowest since mid-February as speculators sold bullion on signs of accelerating U.S. economic growth. The investors more than doubled bets on lower prices in the past month while reducing wagers on a rally in six of the past seven weeks.
Prices fell 7.5 percent since reaching a six-month high in March after tension in Ukraine eased and U.S. equities rallied to a record. The number of Americans filing for unemployment insurance payments held last week near the lowest level in almost seven years and retail sales in March increased more than economists forecast………………………………………..Full Article: Source

Influence of banks, hedge funds on commodities lowest since 2008

Posted on 17 April 2014 by VRS  |  Email |Print

United Nations economists who previously called for government intervention to tame volatile swings in commodity prices say banks and hedge funds have since reduced their influence to the lowest level since 2008.
In a 2012 report for the UN Conference on Trade and Development (UNCTAD), David Bicchetti and Nicolas Maystre said the rise of financial players in commodities markets over the previous decade had moved prices of oil and grains away from the fundamentals of supply and demand………………………………………..Full Article: Source

Armajaro commodities fund assets fall almost 25 pct in first quarter

Posted on 17 April 2014 by VRS  |  Email |Print

London-based Armajaro Asset Management lost nearly a quarter of assets at its largest commodities fund in the first quarter, the latest sign that edgy investors have continued to withdraw cash from the sector after weak returns, documents show.
Assets under management at Armajaro Commodities Fund (ACF), the biggest of the group’s six hedge funds and one of three dedicated to commodities, fell to $686 million by end-March from $904 million at end-December, documents obtained by Reuters on the fund showed on Wednesday………………………………………..Full Article: Source

Hedge funds end ‘record’ ag commodity buying spree

Posted on 15 April 2014 by VRS  |  Email |Print

Hedge funds’ longest run of bullish positioning by agricultural commodities in recent history ended as investors took profits on gains, as well as placing more bets on falling prices. Managed money, a proxy for speculators, cut its net long position in futures and options in the top 13 US-traded agricultural commodities, from cotton to cattle, by nearly 38,000 contracts in the week to last Tuesday, according to data from the Commodity Futures Trading Commission regulator.
The decline reflected the first week-on-week drop in the net long position – the extent to which long holdings, which profit when prices rise, exceed short positions, which benefit when values fall – since January………………………………………..Full Article: Source

Commodity funds bounce in Q1 after 2013 losses

Posted on 11 April 2014 by VRS  |  Email |Print

Commodity funds bounced in the first quarter from a 2013 loss, with the top performers in the Lipper Global Commodity group racking up double-digit returns after rallies in agriculture, natural gas and nickel.
Supply disruptions provided opportunities across the asset class, but fund managers said only a few of these bullish fundamentals would persist into the second quarter and that some commodities are now over-valued………………………………………..Full Article: Source

Hedge funds and other speculators misjudged gold prices for a second time in three weeks

Posted on 09 April 2014 by VRS  |  Email |Print

Hedge funds and other speculators misjudged gold prices for a second time in three weeks. Just after the investors sold bullion holdings for a second consecutive week, a disappointing U.S. jobs report sparked the biggest rally in prices since mid-March. Their funds fared better in the five preceding weeks, correctly adjusting wagers 80 percent of the time.
Investors who were anticipating gold’s 2014 rebound would fizzle had reason to be confident at the start of last week. As U.S. equities surged to a record, bullion slid to a seven-week low on April 1 as fewer traders saw the appeal of the haven asset………………………………………..Full Article: Source

5 commodity mutual funds to watch in 2014

Posted on 09 April 2014 by VRS  |  Email |Print

The S&P 500 scored gains of just 1.3% in first-quarter 2014. In comparison, the Thomson Reuters/Core Commodity CRB Index ended the first quarter with gains of 8.7%. This marked the 19-commodity index’ best performance since Sep 2012, as commodities turned out to be among the best investment options in the quarter. Commodities were reported to have secured the best gains among all asset classes since 2012.
The gains have come through a period when Chinese economic data have mostly been dismal, the Federal Reserve kept alive the trend of reducing its bond buyback program and the Russia-Ukraine crisis added to the volatility………………………………………..Full Article: Source

Hedge funds’ bullish spree on ags tests ‘record’

Posted on 08 April 2014 by VRS  |  Email |Print

Hedge funds’ raised the stakes in their bets on agricultural commodity prices for a ninth successive week, one the longest sprees on record, as a US corn planting hopes added to concerns over weather setbacks to a number of crops.
Managed money, a proxy for speculators, raised its net long in future and options in the top 13 US-traded agricultural commodities by more than 49,000 contracts in the week to last Tuesday, according to data from the Commodity Futures Trading Commission regulator………………………………………..Full Article: Source

Speculators mistime bearish gold bets before rally: Commodities

Posted on 07 April 2014 by VRS  |  Email |Print

Hedge funds and other speculators misjudged gold prices for a second time in three weeks. Just after the investors sold bullion holdings for a second consecutive week, a disappointing U.S. jobs report sparked the biggest rally in prices since mid-March. Their funds fared better in the five preceding weeks, correctly adjusting wagers 80 percent of the time.
Investors who were anticipating gold’s 2014 rebound would fizzle had reason to be confident at the start of last week. As U.S. equities surged to a record, bullion slid to a seven-week low on April 1 as fewer traders saw the appeal of the haven asset………………………………………..Full Article: Source

Hedge funds get gold timing wrong on rebound: Commodities

Posted on 07 April 2014 by VRS  |  Email |Print

Hedge funds and other speculators misjudged gold prices for a second time in three weeks. Just after the investors sold bullion holdings for a second consecutive week, a disappointing U.S. jobs report sparked the biggest rally in prices since mid-March.
Their funds fared better in the five preceding weeks, correctly adjusting wagers 80 percent of the time. Investors who were anticipating gold’s 2014 rebound would fizzle had reason to be confident at the start of last week. As U.S. equities surged to a record, bullion slid to a seven-week low on April 1 as fewer traders saw the appeal of the haven asset………………………………………..Full Article: Source

Carlyle’s commodity arm starts trading new gold and base metals fund

Posted on 21 March 2014 by VRS  |  Email |Print

Vermillion, the commodity arm of U.S. private equity group Carlyle Group LP, started trading a new gold and base metals fund this month as it seeks to rebuild market presence after losing more than half of its capital, people familiar with the matter said on Thursday.
In a regulatory filing dated Feb. 14, Vermillion’s chief operating officer, Christopher Zuech, said the Aeris Metals Fund had raised $122.5 million from 23 investors in total. The filing did not state the launch date………………………………………..Full Article: Source

Hedge funds most bullish on ags in three years

Posted on 18 March 2014 by VRS  |  Email |Print

Hedge funds turned their most bullish on agricultural commodities for three years, as they flocked to bet on higher grain prices amid the mounting tensions over Ukraine, and raised the stakes on the sugar rally too.
Managed money, a proxy for speculators, raised its net long position in futures and options in the top 13 US-traded agricultural commodities, by more than 133,000 contracts in the week to last Tuesday, according to data from the Commodity Futures Trading Commission (CFTC) regulator………………………………………..Full Article: Source

Carlyle commodity fund Vermillion’s assets halved to below $1 bln

Posted on 07 March 2014 by VRS  |  Email |Print

U.S. private equity group Carlyle said assets at its commodities hedge fund Vermillion fell by more than half in the nine months to December, suggesting investor redemptions at the fund after some negative returns.
New York-based Vermillion Asset Management was managing about $2 billion in March 2013 but that fell to around $900 million by December, Carlyle said in regulatory filings to the U.S. Securities Exchange and Commission………………………………………..Full Article: Source

The world is the savvy investor’s oyster

Posted on 05 March 2014 by VRS  |  Email |Print

International core equity funds offer good options for both passive and active fund investors: Funds focused on developed Europe offer attractive relative value with U.S.-type growth opportunities, while Asia Pacific–focused funds potentially benefit from recent volatility.
Emerging markets funds demand greater selectivity, and emerging markets debt funds are in for another volatile year. Commodity funds, meanwhile, remain lackluster despite gold achieving some price stability………………………………………..Full Article: Source

Speculators boost bullish oil bets to record on cushing

Posted on 04 March 2014 by VRS  |  Email |Print

Hedge funds increased their bullish bets on West Texas Intermediate oil to a record as rising flows of domestic crude to Gulf Coast refineries cut demand for more costly foreign grades.
Money managers bolstered net-long positions, or wagers on rising prices, on the U.S. benchmark by 2.2 percent in the week ended Feb. 25, Commodity Futures Trading Commission data show. The positions climbed to the highest level in CFTC data going back to 2006………………………………………..Full Article: Source

Speculators boost bullish oil bets to record on cushing

Posted on 03 March 2014 by VRS  |  Email |Print

Hedge funds increased their bullish bets on West Texas Intermediate oil to a record as rising flows of domestic crude to Gulf Coast refineries cut demand for more costly foreign grades.
Money managers bolstered net-long positions, or wagers on rising prices, on the U.S. benchmark by 2.2 percent in the week ended Feb. 25, Commodity Futures Trading Commission data show. The positions climbed to the highest level in CFTC data going back to 2006………………………………………..Full Article: Source

Hedge funds most bullish on gold rally in 14 months

Posted on 03 March 2014 by VRS  |  Email |Print

Hedge funds raised bullish gold wagers to the highest in more than 14 months amid mounting concern that the U.S. economic recovery is weakening.
The net-long position climbed 25 percent to 113,911 futures and options in the week ended Feb. 25, the highest since December 2012, U.S. Commodity Futures Trading Commission data show. Net-bullish holdings across 18 U.S.-traded commodities advanced 16 percent to 1.45 million contracts, the most since April 2011. Coffee wagers reached a 33-month high………………………………………..Full Article: Source

Why commodity trading is the comeback kid

Posted on 26 February 2014 by VRS  |  Email |Print

Hedge funds continue to rush into commodities according to the Commitment of Traders report covering the week of February 18. The bullish bets on 24 US traded commodities jumped by 15 percent to 1,659,000 contracts of futures and options.
This the seventh weekly increase in a row has driven the exposure to the highest since April 2011 and an unprecedented 23 out of 24 commodities tracked in this were bought………………………………………..Full Article: Source

A rocky year for precious metals equity funds

Posted on 25 February 2014 by VRS  |  Email |Print

What are we looking for? How equity funds that invest in gold, silver and other rare metals have performed in the past year. The screen: We looked at the best-performing precious metals equity funds for the year ended Jan 31. U.S. dollar, segregated and duplicate versions of the funds were excluded, as were those with minimum investments of more than $25,000.
What did we find? It was a losing year for precious metals funds, but there could be a glint in gold assets in the coming year. “We’re now at a stage where we see some glimpse of stabilization, but we’re nowhere near the recovery levels expected after the liquidity crisis in 2008. So quite a bit uncertainty here,” said Ani Markova, lead portfolio manager of AGF’s precious metals fund………………………………………..Full Article: Source

Hedge funds place largest bullish bets on commodities since 2011

Posted on 24 February 2014 by VRS  |  Email |Print

Hedge funds plowed into gold and crude oil as prices rallied this week, driving the bullish money wagered by commodity speculators to the highest level since 2011, data showed on Friday. Gasoline, natural gas and soybeans were other commodities that attracted huge buying during the week that ended Feb. 18, according to the data from the Commodity Futures Trading Commission.
The net-long or bullish money held by hedge funds and other speculators across 22 U.S. commodity markets rose to $119.5 billion in the Feb. 18 week from $102 billion during the week to Feb. 11, Reuters calculations of the CFTC data showed………………………………………..Full Article: Source

Hedge fund natural gas wagers jump on tumbling supplies: Energy

Posted on 24 February 2014 by VRS  |  Email |Print

Hedge funds increased bullish bets on natural gas for the fifth time in six weeks as arctic weather stoked demand for the heating fuel, depleting stockpiles and sending prices to a five-year high.
Money managers’ net-long positions, or wagers on rising prices, jumped 5 percent in the seven days ended Feb. 18, to the highest level since May, U.S. Commodity Futures Trading Commission data show. Bearish bets slid 7.3 percent to the lowest level in more than two years………………………………………..Full Article: Source

Global gold prices hit a trough in 2013, look for the next big move

Posted on 21 February 2014 by VRS  |  Email |Print

Investment funds sold off a staggering $40 billion worth of gold in 2013, swamping global demand for gold bars, jewelry and coins, as a more optimistic world economic outlook encouraged a switch into riskier assets.
But the rout in gold prices — they dove almost 30 percent last year — would have been much worse without burgeoning consumer demand in some countries, particularly in China, according to CNNMoney. During 2013, China eclipsed India as the world’s biggest market for gold………………………………………..Full Article: Source

Quant funds feel investor bite after underperforming

Posted on 19 February 2014 by VRS  |  Email |Print

Investors are losing patience with hedge-fund managers who rely on computers to follow global market trends after three years of underperformance. Quantitative hedge funds run by companies such as Man Group Plc (EMG) and Michael Platt’s BlueCrest Capital Management LLP saw investors pull $4.9 billion in the last three months of 2013, the most in five years, according to Chicago-based data provider Hedge Fund Research Inc.
That followed outflows of $1.1 billion in the second quarter and $668 million in the third, HFR said………………………………………..Full Article: Source

Speculators boost bullish U.S. oil wagers on supply drop: Energy

Posted on 17 February 2014 by VRS  |  Email |Print

Hedge funds became the most bullish on U.S. crude oil in more than five months as a new pipeline from Oklahoma to Gulf Coast refineries eased a supply bottleneck, driving prices above $100 a barrel.
Money managers increased net-long positions, or wagers on rising prices, for benchmark West Texas Intermediate crude by 11 percent in the week ended Feb. 11, U.S. Commodity Futures Trading Commission data show………………………………………..Full Article: Source

Hedge funds raise gold bull bets as Paulson holds: Commodities

Posted on 17 February 2014 by VRS  |  Email |Print

Hedge funds raised bullish gold wagers to a three-month high as signs of slowing U.S. economic growth spurred demand for haven assets. Billionaire John Paulson maintained his bullion holdings last quarter.
The net-long position climbed 17 percent to 69,291 futures and options in the week ended Feb. 11, U.S. Commodity Futures Trading Commission data show. Long wagers rose 8.8 percent, the most since March. Net-bullish holdings across 18 U.S.-traded commodities rose 18 percent to 1.07 million contracts, the highest since October 2012, led by silver and coffee………………………………………..Full Article: Source

Top platinum fund sees outflow

Posted on 12 February 2014 by VRS  |  Email |Print

The world’s biggest platinum-backed exchange-traded fund, based in South Africa, reported its largest ever outflow last week after the rand platinum price hit 5-1/2 year highs, prompting domestic investors to cash in gains.
Johannesburg-based NewPlat ETF, which tracks the rand-denominated platinum price, climbed more than 12 percent from the start of the year to its late January high as the South African unit hit five-year lows against the dollar………………………………………..Full Article: Source

Hedge funds rework currency positions in market drop

Posted on 07 February 2014 by VRS  |  Email |Print

Traders who anticipated a year when riskier bets would pay off are overhauling their foreign-exchange positions after an emerging-markets rout led to the worst start to the year for currency funds since 2004.
Hedge funds and other large speculators shuffled holdings of the dollar, yen, pound, Mexican peso and four other major currencies by a net 102,115 contracts in the week ended Jan. 28, according to Commodity Futures Trading Commission data. That’s the biggest realignment since September, with updated figures due tomorrow………………………………………..Full Article: Source

Gold bulls boost bets amid longest rally since 2012: Commodities

Posted on 27 January 2014 by VRS  |  Email |Print

Hedge funds got more bullish on gold for a fourth straight week before prices capped the longest rally in 16 months on mounting global growth concerns. The net-long position in gold climbed 0.2 percent to 43,353 futures and options in the week ended Jan. 21, U.S. Commodity Futures Trading Commission data show.
Long wagers declined 0.2 percent, while short bets slid 0.4 percent. Net-bullish holdings across 18 U.S.-traded commodities increased 5.6 percent, led by natural gas and copper………………………………………..Full Article: Source

Hedge funds end record bearish spree on ag futures

Posted on 21 January 2014 by VRS  |  Email |Print

Hedge funds ended their longest spree of bearish positioning on agricultural commodities on record as they took profits on short positions in grains, and hiked bullish bets on live cattle to a three-year high.
Managed money, a proxy for speculators, raised by more than 53,000 contracts its net long in futures and options in the main 13 US-traded agricultural commodities as of Tuesday, according to data from the Commodity Futures Trading Commission regulator………………………………………..Full Article: Source

Hedge funds raise gold wagers as Goldman sees drop: Commodities

Posted on 20 January 2014 by VRS  |  Email |Print

Hedge funds raised bullish gold wagers to the highest in eight weeks as signs of stronger Chinese demand drove prices to the longest rally since August. Goldman Sachs Group Inc. says the gains will be short-lived.
The net-long position in gold climbed 7.6 percent to 43,277 futures and options in the week ended Jan. 14, U.S. Commodity Futures Trading Commission data show. Long wagers rose 4.7 percent, outpacing the 2.9 percent gain in short bets. Net-bullish holdings across 18 U.S.-traded commodities advanced 2.6 percent, led by cattle, silver and soybeans………………………………………..Full Article: Source

Commodity funds face uphill struggle after dire 2013

Posted on 16 January 2014 by VRS  |  Email |Print

Commodity fund managers face an uphill struggle persuading investors to return to the unloved sector after an abject year in which just two actively managed funds in the 122-strong Lipper Global Commodity group made money.
Although a pick-up in economic growth is expected to boost demand this year, some commodities will remain hobbled by oversupply, making 2014 a crunch year for managers who need to convince investors the asset class can deliver………………………………………..Full Article: Source

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Hedge funds’ bearish turn on ags extends into 2014

Posted on 14 January 2014 by VRS  |  Email |Print

Hedge funds started the new year where they left off 2013 in extending their bearish positioning on agricultural commodities, fuelled by a raise in their net short holding on Chicago wheat to a record high – a profitable call.
Managed money, a proxy for speculators, cut its net long position in futures and options in the top 13 US-traded agricultural commodities, from cotton to cattle, by more than 40,000 contracts in the first week of 2014, according to data from the Commodity Futures Trading Commission regulator………………………………………..Full Article: Source

Bullish bets fell most in seven weeks before slump: Commodities

Posted on 13 January 2014 by VRS  |  Email |Print

Hedge funds cut their bullish commodity wagers by the most in seven weeks before prices dropped to an eight-month low on signs of surplus supply and slowing economic growth in China.
The net-long position across 18 U.S.-traded commodities fell by 11 percent to 678,885 futures and options in the week ended Jan. 7, U.S. Commodity Future Trading Commission data show. Investors are the most bearish on wheat ever and anticipate lower prices for corn, coffee, sugar and soybean oil. Bullish gold wagers rose to the highest since mid-November………………………………….Full Article: Source

Hedge fund bullish oil wagers drop as fuel supply gains: Energy

Posted on 13 January 2014 by VRS  |  Email |Print

Hedge funds became less bullish on crude oil for the first time in six weeks as U.S. inventories of fuel expanded at a time of weakening demand.
Money managers cut net-long positions, or wagers on rising prices, for benchmark West Texas Intermediate crude by 8.6 percent in the week ended Jan. 7, U.S. Commodity Futures Trading Commission data show. It was the biggest decline since June. Short positions gained the most since April………………………………….Full Article: Source

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