| Hedge funds cut their bets on agricultural commodities to the most downbeat in six months, led by wheat, in which they came close to their most bearish positioning ever, with notable gloom over cotton price prospects too.
Managed money, a proxy for speculators, cut by more than 37,000 contracts its net long position in futures and options in the main 13 US-traded agricultural commodities in the week to last Tuesday, according to data from the Commodity Futures Trading Commission (CFTC) regulator...............................................Full Article: Source
|