(Agrimoney.com) Hedge fund bets on falling agricultural commodities are at their second largest on record, with bearish position on grains actually at an all-time high – strengthening ideas that prices could be poised for a sharp rebound.
Managed money, a proxy for speculators, expanded its net short position in futures and options in the top 13 US-traded agricultural commodities, from corn to sugar, by 89,453 contracts in the week to last Tuesday, analysis of data from the Commodity Futures Trading Commission regulator shows.