07.10.2014 - Hedge funds 'caught out' by crop price reversals
Have hedge funds been caught out by being overbearish on agricultural commodities? On cotton, as on wheat and soybeans, late-comers to making short positions appear to be sitting on losses. The extent of hedge funds' negative sentiment towards cotton was unveiled by data from the Commodity Futures Trading Commission showing managed money, a proxy for speculators, undertaking a hefty sell-off in New York cotton futures and options in the last week of September...............................................Full Article: Source
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