30.08.2011 - Hedge funds piling into agricultural futures
Hedge funds and large investors increased their bullish bets on agricultural commodities to the highest level since early May as adverse weather continues to erode yield prospects for corn and soybean crops. They raised their net long futures position by 13 percent to 804,000 lots with gains primarily seen in soybeans, wheat and sugar. Across all sectors they added 69k lots to a new three week high of 1,149k lots with gains in the above commodities only partly offset by reductions in energy, metals and meats..............................................Full Article: Source
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