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Hedge funds’ bullish bets on commodities at 6-week high

Posted on 13 May 2013

The net long money held by hedge funds and other big speculators in commodities is back to a six-week high, moving on from April’s market tumble, as traders piled into oil and oversold crops like coffee, cocoa and corn, trade data showed on Friday.
But hedge funds are not bullish on all commodities, sharply paring their bets on soybeans and natural gas for the week ended Tuesday amid expectations of a bumper soy crop and warmer U.S. weather that reduces the need for gas-driven heating…………………………………..Full Article: Source


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