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Speculators raise wagers first time in seven weeks: Commodities

Posted on 28 November 2012

Speculators raised bullish commodity wagers for the first time since early October as signs of improving economic growth in the U.S. and China pushed prices higher for three straight weeks. Hedge funds and other money managers increased combined net-long positions across 18 U.S. futures and options by 9.6 percent to 846,321 contracts in the week ended Nov. 20, Commodity Futures Trading Commission data show.
That was the biggest gain since mid-August. Corn holdings rose the most since July, and those on silver reached a five-week high………………………………………..Full Article: Source

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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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