27.10.2015 - Hedge funds turn bearish on wheat at fastest pace on record
Hedge funds sold wheat at the fastest rate on record as forecasts for rain eased concerns over autumn-sown crops in the former Soviet Union and US, but speculators maintained their faith in a sugar rally. Managed money, a proxy for speculators, cut its net long position in futures and options in the top 13 US-traded agricultural commodities, from corn to cattle, by nearly 77,000 contracts in the week to last Tuesday, analysis of data from the Commodity Futures Trading Commission regulator shows. The cut in the net long - the extent to which long bets, which profit when values rise, exceed short holdings, which benefit when prices fall – was the first in a month...............................................Full Article: Source
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