COT: Buyers return, but only in grains via short covering

Hedge funds increased their bullish exposure to commodities by 15% during the week of June 23. But the buying was concentrated in the grain sector where a potential fundamental change in the outlook triggered some aggressive short covering. Gold was the exception among the metals where selling, not least of copper, continued.

from Ole Hansen - Authored content http://ift.tt/1BPYx5n