Reuters – Hedge funds and other big commodity investors pumped a notional $13 billion into U.S. energy, grains and metals markets in the week to July 3, the biggest influx in at least two years, after a debt deal in Europe sparked a buying frenzy across the sector.
Led by surges in soybean, corn, gold and oil positions, the funds, known by the regulatory moniker “managed money”, increased their bullish net long positions to above $77 billion for the week to July 3, according to Reuters calculations based on the U.S. Commodity Futures Trading Commission’s weekly data.
