date:Nov 19, 2015
es firmed on technical support as investors took advantage of recent declines to contract lows to cover bearish bets they had placed as farmers reaped huge harvests of both crops across the U.S. Midwest.
Big speculators doubled their bearish bet in ag commodities last week, according to Commitment of Traders data released Monday, and now hold a record net short position across the spectrum of major futures traded in the U.S., including crops and livestock, Bryce Knorr, senior editor of Farm Fut