(Agrimoney) Hedge funds extended their buying streak in agricultural commodities to the longest in two years, led by appetite for the soy complex – which more than offset the biggest sell-down in sugar in nine months. Managed money, a proxy for speculators, lifted its net long position in futures and options in the top 13 US-traded agricultural commodities, from corn to cocoa, by 35,925 contracts in the week to last Tuesday, analysis of data from the Commodity Futures Trading Commission regulator shows.
Hedge funds extend bullish ag spree to longest in two years
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