04.11.2014 - Hedge funds extend short-covering in ags, led by soy
Hedge funds extended their wave of short-covering in agricultural commodities as sharply improved sentiment towards the soy complex trumped a heap of negative bets on sugar following Brazil's election result. But the extent of the short-covering in soy derivatives raised concerns that the trend may struggle to continue. Managed money, a proxy for speculators, raised by more than 40,000 contracts its net long in futures and options in the top 13 US-traded agricultural commodities in the week to last Tuesday, according to data from the Commodity Futures Trading Commission...............................................Full Article: Source
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