**”Hedge Funds Embrace Most Pessimistic Commodity Price Forecasts in 13 Years”**
Hedge funds have adopted the most pessimistic commodity price forecasts in at least 13 years, driven by concerns about an economic slowdown raising doubts about demand for a wide range of commodities, from crude oil to metals and grains.
According to data from the U.S. Commodity Futures Trading Commission, the total amount of short positions, or net-short positions, reached approximately 153,000 futures and options contracts across 20 commodity markets for the week ending Tuesday. This figure is the highest recorded since data collection began in 2011.
About a week ago, hedge fund bets on commodity futures turned bearish for the first time since 2016, reflecting heightened fears of an economic slowdown in the U.S.
For the week ending June 30, the data showed that hedge fund managers held nearly 58,600 contracts betting on a decline in prices for a basket of 20 commodities. These bets mirror growing concerns about economic growth in China and weak U.S. economic data, which have impacted investor sentiment.
—by/radwa sherif ✏️✏️📚