19.07.2016 - Hedge funds' sell-off in grains raises hopes for corn, wheat rallies
The extent of hedge funds' selldown in grains, while continuing to raise bullish bets on soft commodities, raised ideas that the worst could be over for liquidation in corn and wheat– if not for soybean derivatives. Managed money, a proxy for speculators, slashed its net long position in futures and options in the top 13 US-traded agricultural commodities, from corn to cocoa, by 114,000 contracts in the week to last Tuesday, according to data from the Commodity Futures Trading Commission regulator...............................................Full Article: Source
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