(Bloomberg) -- Tighter supplies have pushed up prices for soft commodities -- five non-grain crops ranging from cotton to orange juice. The rally has attracted more investor buying, pushing combined open interest, or tally of outstanding futures, to the highest since 2008. That leaves markets including sugar and coffee vulnerable to high volatility, especially if hedge funds exit bullish positions, said Lara Magnusen, a La Jolla, California-based portfolio manager at Altegris Advisors LLC.
To contact the reporter on this story: Marvin G. Perez in New York at mperez71@bloomberg.net. To contact the editors responsible for this story: Simon Casey at scasey4@bloomberg.net, Millie Munshi, Will Wade
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