date:Dec 16, 2015
There was a spate of short covering in agricultural commodity markets ahead of last weeks big US government data release, while speculators got caught out by the slide in soft futures.
Managed money, a proxy for speculators, cut its short position in futures and options in US-traded grains by around 68,000 lots in the week to last Tuesday, analysis of data from the Commodity Futures Trading Commission regulator shows.
This leaves the net-short in grains, the extent to which bearish bets outnum