17.12.2013 - Hedge funds' ag sell-down longest in six years
Hedge funds' sell-down on agricultural commodities extended to the longest in more than six years as investors position for what many commentators expect to be a bearish 2014 for prices, undermined by inventory rebuilds. Managed money, a proxy for speculators, reduced its net long position in futures and options in the major 13 US-traded agricultural commodities by 18,000 contracts in the week to last Tuesday, according to data from the Commodity Futures Trading Commission...............................................Full Article: Source
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