Bloomberg – Hedge funds cut bullish wagers on soybeans as forecasts for record global inventories sparked the biggest price slump in more than six months.
U.S. farmers will reap their biggest-ever harvest and domestic stockpiles last month were the highest since 2006, government data show. That’s adding to a global glut that will swell global inventories to an all-time high and money managers are now the least bullish on prices since October.
