(Agrimoney.com) Hedge funds favoured hard wheat over soft, coffee over cocoa, and cattle over hogs as they raised their bullish bets on agricultural commodities for a second successive week – for the first time in three months.
Managed money, a proxy for speculators, lifted by a little over 30,000 contracts its net long position in futures and options in the main 13 US-traded agricultural commodities in the week to last Tuesday, according to data from the Commodity Futures Trading Commission (CFTC) regulator.
