Reuters – Hedge funds and other money managers slashed their bullish bets on commodities by 20 percent, or nearly $18 billion, as prices fell to four-month lows last week, data from the Commodity Futures Trading Commission showed on Friday.
With speculators extending the long liquidation in oil, metals and agricultural markets through Friday, the CFTC is expected to report another drop in net long money in commodities in its next report on May 18, analysts said.
