CRB at 24 Year High
Commodity prices surged to a 24-year high, led by gains in copper and crude oil, on concern that global economic growth is eroding inventories of raw materials faster than supplies can be replenished.
Hedge funds and other large speculators have increased their net holdings of 20 physical commodities in the U.S. to their highest in nine months, government figures show.
So-called net-long positions rose to 430,153 futures contracts as of March 1, the highest since June 4, the U.S. Commodity Futures Trading Commission said.
See: 24 Year High
http://www.bloomberg.com/apps/news?pid=10000103&sid=aK427z5qyBns&refer=us
Hedge funds and other large speculators have increased their net holdings of 20 physical commodities in the U.S. to their highest in nine months, government figures show.
So-called net-long positions rose to 430,153 futures contracts as of March 1, the highest since June 4, the U.S. Commodity Futures Trading Commission said.
See: 24 Year High
http://www.bloomberg.com/apps/news?pid=10000103&sid=aK427z5qyBns&refer=us
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