Tuesday, 23 August 2016
Last updated 13 min ago
Sep 10 2012 | 12:29pm ET
Hedge funds are as bullish on commodities as they have been in more than a year—and their timing could hardly have been better.
Hedge funds and other money managers boosted the long bets on 18 U.S. commodity futures and options by 2.3% in the week ended Sept. 4, the Commodity Futures Trading Commission said. In particular, hedge funds poured into silver and cocoa, the latter of which has more long interest from money managers than it has had since May 2010.
Long bets were at their highest in 16 months, the CFTC data shows.