(Agrimoney.com) Hedge funds threw in the towel on short positions in agricultural commodities at one of the fastest paces on record, in many cases realising losses – although ironically raising questions about market strength to come. Managed money, a proxy for speculators, turned from a net short position in the main US-traded ags of 213,000 contracts – the second largest in history – to a net long of some 34,000 lots in week to last Tuesday, according to data from the Commodity Futures Trading Commission (CFTC) regulator.
Hedge Funds Cover Ag Shorts En Masse – Triggering Hefty Losses
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