Loading…
Managed money cut its net long position in the main 13 US-traded agricultural futures by more than 22,000 contracts in the week to the prior Tuesday. The largest-ever wheat sell-down left many investors with losses despite a correct call on US weather.
Heavy fund liquidation adds selling pressure to wheat futures and can keep prices weak until positioning rebalances.
hedgeco.netApr 19, 2016Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
