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Hedge funds’ wheat gloom may ‘fuel price revival’

Posted on 08 January 2014

The return, close to a record high, in hedge funds’ bets on falling wheat values, coupled with cold fears could - ironically - fuel a revival in prices, which took aim at a third successive day of gains on US markets.
Managed money, a proxy for speculators, cut its net long position in futures and options in the major 13 US-traded agricultural commodities by nearly 40,000 contracts in the last week of 2013, data from the Commodity Futures Trading Commission regulator showed………………………………………..Full Article: Source


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