date:May 09, 2016
dity Futures Trading Commission data, outweighing bearish bets by 134,616 contracts.
So the funds push the market and then demand dries up and the market washes out again. It would appear we are in the process of doing this again, Michael McDougall, director of commodities at Societe Generale in New York, said in a note.
In other markets, cocoa for July was down 0.9% to end $3,158 a ton; arabica coffee for July rose 1.5% to end at $ 1.215 a pound; frozen concentrated orange-juice futures dropp