Hedge funds have shifted to a net long position in wheat for the first time in nearly four years, reflecting growing confidence in higher prices amid geopolitical tensions and adverse weather conditions, according to a report by Bloomberg.
The report cites data from the US Commodity Futures Trading Commission (CFTC) for the week ending 31 March as showing that bullish positions in Chicago wheat futures exceeded bearish bets by 8,641 contracts. This marks a reversal from a sustained net-short sta...
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