AgriMoney – Hedge funds extended their bets on rising commodity prices for an eighth successive week, led by grains and by arabica coffee, in which they were at their most bullish in six years.
Managed money, a proxy for speculators, raised its net long position in futures and options in the major 13 US-traded agricultural commodities in the week to last Tuesday by 11,000 contracts, data from the Commodity Futures Trading Commission regulator showed.
