“Speculators held wagers on rising commodities near the highest in 11 months as speculation that China will act to bolster its economy and signs of improving U.S. growth boosted prices for a third consecutive week.
Money managers’ net-long position across 18 U.S. raw materials was little changed at 1.2 million futures and options in the week ended Aug. 14, U.S. Commodity Futures Trading Commission data show. Investors increased bets on costlier corn, soybeans and cattle amid the worst U.S. drought in 56 years, reduced wagers on a rally in crude oil and became more bearish on the outlook for copper.”
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