Farm Progress

Short covering fuels grain rally

Wall Street bets wrong on crude oil again

Bryce Knorr 1, Senior Market Analyst, Farm Futures

June 10, 2017

9 Slides
whyframestudio/Thinkstock

While the financial press continues to tout commodities as a losing proposition, the money that’s supposed to be smart actually found its way back into crude oil and agriculture over the past week. But the latest Commitment of Traders out June 9 showed this smart money may not have been so smart after all.

Here’s a look at the latest breakdown from the CFTC, which is current through Tuesday, June 6, when data is collected.

About the Author

Bryce Knorr 1

Senior Market Analyst, Farm Futures

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