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Hedge funds’ ag shorting rush may be past its peak

Posted on 26 February 2013

The worst of a turn bearish by hedge funds on agricultural commodities may be over after spreading into all major contracts – although, for a second week, being focused on corn and sugar derivatives. Managed money, a proxy for speculators, in the week to last Tuesday – unusually - cut its net long exposure to futures and options all 13 major grain, livestock, oilseed and soft commodity contracts monitored by Agrimoney.com.
The extent of the turn bearish was, in its extent, even worse than in the previous week, when cotton and soymeal saw improved net long positions – meaning long holdings, which benefit when prices rise, outnumber short bets, which profit when values fall………………………………………..Full Article: Source


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VRS - who has written 38584 posts on Opalesque Commodities Briefing.


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