Investors are boosting wagers on higher commodity prices at
the fastest pace in almost four years, rebounding from the least bullish
position since 2009, on signs that the U.S. is accelerating and Europe’s debt
crisis is easing, according to Bloomberg.
Hedge funds and other large speculators increased net-long
positions across 18 U.S. futures and options by 10 percent to 679,191 contracts
in the week ended March 26, data from the Commodity Futures Trading Commission
show. The bets surged 67 percent in three weeks, the biggest advance since May
2009. Wagers on higher oil prices climbed the most this year, while those for
cattle are at a six-week high….
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