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Commodities Briefing - Categorized | Investment, Market Moves more

Speculators cut holdings to lowest since July 2009: Commodities

Posted on 29 November 2011

Nelson LouieSpeculators decreased wagers on rising commodity prices to the lowest since July 2009 amid concern that Europe’s inability to contain its debt crisis will crimp demand for raw materials as global growth slows.
Money managers cut combined net-long positions across 18 U.S. futures and options by 25 percent to 562,508 contracts in the week ended Nov. 22, Commodity Futures Trading Commission data show. That’s the biggest decline in eight weeks and the lowest since July 14, 2009. Corn wagers tumbled 25 percent, the most since June 2010, and bets on lower copper prices doubled………………………………………..Full Article: Source


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