07.09.2016 - Hedge Funds Are Uprooting Agriculture Futures Contracts
Eight times in the nine weeks leading up to August 15, 2016, hedge fund managers reduced their positions in agricultural futures, with cotton, wheat and corn particular sell-off targets. For guidance, hedge funds may be looking to Managed Money, a benchmark for commodity speculators, which recently slashed its net long position in the "top 13 U.S.-traded agricultural commodities, from cotton to cattle, by 8,255 contracts in the week to last Tuesday," according to Agrimoney.com, siting data from the Commodity Futures Trading Commission...............................................Full Article: Source
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