Funds keep buying crude oil but remain bearish on agriculture

Bearish bets by big speculators hit a one-year high.

In the world as seen by big speculators, the rich got a bit richer, and the poor just kept getting poorer. Farmers mostly fell on the negative end of that spectrum again, according to the latest data from the CFTC’s Commitment of Traders out April 14. 

While markets closed for Good Friday, the government was still open for business, putting out its regular tally even if trading screens were dark. Here’s a look at what the funds were doing in the latest week.

TAGS: Market News
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