Hedge funds favour grains to soft commodities - but will it last?

Tues 29th November 2016
Hedge funds favour grains to soft commodities - but will it last?

Hedge funds, despite lifting bullish bets on cotton to a three-year, favoured grains to soft commodities – so much so that many investors saw scope for fresh selling in the likes of corn.

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 sugar, by 55,896 contracts in the week to last Tuesday, analysis of data from the Commodity Futures Trading Commission regulator shows.

The rise in the net long - the extent to which long bets, which profit when values rise, exceed short holdings, which benefit when prices fall – reflected improved sentiment towards grains and livestock contracts.

Read the full article here:
ABOUT THIS EMAIL You have received this email because you have subscribed at Agrimoney.com.
Unsubscribe | Edit subscription | Commodities | Companies | Markets | Opinions | About Agrimoney | Legal disclaimer

Copyright © Agrimoney.com 2016

No comments:

Post a Comment

Twitter Feed

Follow by Email