Aug
23
Hedge Funds Can’t Exit Crop Markets Fast Enough Amid Big Supply
By
Farm hands stack bales of straw as they are collected in a field of where soft red winter wheat has been harvested.
Photographer: Daniel Acker Bloomberg
With excesses building in everything from cotton to wheat, hedge funds can’t seem to get away from crop markets fast enough.
Bumper global harvests and slowing demand will push combined inventories of corn, soybeans and wheat to a record, according to U.S. government data. Those bountiful supplies prompted money managers to lower their bets on higher prices for a fifth straight week, U.S. government data show…
Hedge Funds Can’t Exit Crop Markets Fast Enough Amid Big Supply
