17.03.2015 - Hedge funds cut bullish bets on ags to second lowest on record
Hedge funds cut their bets on rising agricultural commodity prices to the second lowest on record, thanks to more bearish takes on grains and soybeans, and a record net short position in sugar. Managed money, a proxy for speculators, cut its net long position in futures and options in the top 13 US-traded agricultural commodities, from cotton to cattle, by nearly 84,000 contracts in the week to last Tuesday, according to data from the Commodity Futures Trading Commission regulator. The reduction took the overall net long to 49,700 contracts, the second lowest on data going back to 2006...............................................Full Article: Source
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