(Agrimoney.com) Hedge funds started 2016 by taking their most bearish position ever on grains – provoking ideas of a wave of covering of short positions which would leave many speculators facing early-year losses.Managed money, a proxy for speculators, lifted its net short position in futures and options in the top 13 US-traded agricultural commodities, from cotton to soybeans, by 81,854 contracts in the week to last Tuesday, analysis of data from the Commodity Futures Trading Commission regulator shows.
Hedge Funds’ Record Bearish Grain Bet Spurs Ideas of Price Bounce
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