Wed, Nov 26, 2014
A A A
Welcome kbr175@gmail.com
RSS

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


 Article link

This post was written by:

VRS - who has written 38144 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
November 2014
S M T W T F S
« Oct    
 1
2345678
9101112131415
16171819202122
23242526272829
30