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Hedge Funds Cut Crop Wagers the Most Since January: Commodities

Posted on 16 June 2014

Hedge funds cut wagers on rising agricultural prices at the fastest pace since January before the U.S. government predicted rising supplies of everything from wheat to rice. Money managers are now holding the smallest wager on farm goods including cotton and soybeans in almost four months.
The Standard & Poor’s Agricultural Spot Index fell for a seventh week, the longest streak since 2001. Global wheat stockpiles will reach a three-year high before the 2015 harvest, and corn reserves are poised to be the biggest since 2000, U.S. Department of Agriculture data showed June 11………………………………………..Full Article: Source


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