Hedge Funds Turn Bullish on Wheat for First Time in Four Years

Hedge funds have turned net bullish on wheat for the first time in nearly four years, betting on higher prices driven by dry weather in the US and a shortage...

By Hallie Gu · Bloomberg Markets

Hedge funds have turned net bullish on wheat for the first time in nearly four years, betting on higher prices driven by dry weather in the US and a shortage of fertilizer and fuel arising from the war in the Middle East.