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Commodities Briefing - Categorized | Agriculture, Market Moves more

Coffee to soybean wagers climb on Brazilian drought

Posted on 11 February 2014

Hedge funds raised bullish commodity bets to a 15-week high after a drought in Brazil threatened crops from coffee to soybeans. The net-long position across 18 U.S.-traded commodities climbed 15 percent to 900,330 futures and options in the week ended Feb. 4, the biggest gain since August, U.S. Commodity Futures Trading Commission data show.
Investors turned bullish on arabica coffee for the first time since July 2012 and soybean wagers rose by the most in almost three months. Brazil is the biggest exporter of both crops………………………………………..Full Article: Source


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