Jul 9, 10:06 AM

Hedge Funds Increase Bearish Bets on Gasoline to 7-Year High Amid Weak Summer Demand and Agriculture Futures Short Positions

Hedge funds have significantly increased their bearish bets on gasoline prices to the highest level in seven years due to tepid demand during the summer driving season. Additionally, hedge funds have also taken short positions in agriculture futures, with a notable decrease in net short positioning in S&P 500 futures.

Written with ChatGPT (GPT-3).

Sources

Darin D. Fessler ✝️@DDFalpha
2 years ago
Ags Prelim Open Interest from 7/9/24 #Corn 🌽 +12744 to 1560906 #Soybeans 🌱 +6410 to 813988 #Soymeal 🌱 +5588 to 521190 #Soyoil 🌱 -12224 to 542805 #Wheat 🌾 +340 to 411866 #LiveCattle 🐂 -3616 to 323164 #FeederCattle 🐂 -127 to 48790 #Hogs 🐖 -4826 to 259412
Barchart@Barchart
2 years ago
Hedge Funds have built the largest short position in Gasoline since 2017 https://t.co/xiV4ziAmS0
Darin D. Fessler ✝️@DDFalpha
2 years ago
#Corn 🌽 - Managed Money Net Position / Total Open Interest (%) pushing some crazy levels. https://t.co/3byrjZnaU0

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Hedge Funds Increase Bearish Bets on Gasoline to 7-Year High Amid Weak Summer Demand and Agriculture Futures Short Positions

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