| Last | Chg | |
| Corn | 432-0 | +9-0 |
| Soybeans | 1167-2 | +4-4 |
| Wheat | 495-0 | unch |
From Agrimoney:
Hedge funds hike bullish ag bets to 2-year high, amid 'inflow of money'
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Hedge funds hiked their bullish bets on ags to the highest in two years amid the investor influx which drove prices to the highest in 17 months – although the upbeat positioning may spell bad news for wheat futures.Managed money, a proxy for speculators, raised by nearly 170,000 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.The buying spree left the net long - the extent to which long positions, which benefit when prices rise, outnumber short bets, which profit when values fall - at 850,112 contracts, the highest in two years.And it fuelled the rally which drove the S&P Agri index to a 17-month high last week, helped by the rise in prices of coffee, corn, cotton and wheat to multi-month highs, and of soybeans and sugar to their strongest in years.'Inflow of fresh money'Commodities as a whole have attracted strong interest from investors this year, thanks to a price recovery, spurred by a softer dollar and some uptick in inflationary ideas, which has meant them offering better returns than shares or bonds – an outperformance which has only attracted further cash....
Also at Agrimoney last week:
Speculators' bullish ag bets hit 2-year high - as algo funds move in
