| Hedge funds, having avoided a second drubbing at the hands of US grain stocks numbers, face heavy losses if forecasts hold of worrying heat for Midwest crops, having extended short positions on corn to a record high.
Managed money, a proxy for speculators, slashed its net long position in futures and options in the major US-traded agricultural commodities by 134,000 contracts in the week to July 2, according to analysis of data from the Commodities Futures Trading Commission, the regulatory authority...............................................Full Article: Source
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