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Commodities Briefing - Categorized | Commodity Crisis, Financial, Market Moves more

Global financial crisis: Growth in US & better data from Europe boost confidence on recovery

Posted on 14 February 2012

Hedge funds increased bets on rising commodity prices to the highest since September on mounting confidence that growth in the US will strengthen demand. Money managers boosted their combined net-long positions across 18 US futures and options by 13% to 929,199 contracts in the week ended February 7, Commodity Futures Trading Commission data show.
That’s the highest since September 20. Bullish wagers on copper rose to a six-month high, and soybean holdings jumped by the most this year………………………………………..Full Article: Source


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