| Have hedge funds begun laying bets on falling wheat prices again, after six weeks of taking a less negative stance? Managed money, a proxy for speculators, raised its net long position in futures and options in the top 13 US-traded agricultural commodities by more than 50,000 contracts in the week to last Tuesday, data from the Commodity Futures Trading Commission showed.
The increase took the overall net long above 440,000 lots, the highest since July, and up nearly 200,000 lots in four weeks. The more bullish sentiment has been spurred by a slow US harvest, and slightly less upbeat harvest reports as combines have spread from southern areas to the western Corn Belt, besides by some weather concerns too...............................................Full Article: Source
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