"In raw sugar, in which managed money took its net long to a succession of record highs last month, funds cut long bets at an accelerated rate, encouraged by a pick-up in the rate of cane crushing in Brazil, the top producer and exporter of the sweetener." Nice explanation form Agrimoney. What about: "Since the the producers were hedged at 100%, it was pretty of hard for the Money Managers to add new longs at decent asks, and in fact to see any counterpart. They now are considering downsizing, looking at last report from Brazil. CTA's Trend Following Systems begin to cut long positions and should be flat by the end of July. Aggressive CTAs can already see a nice developing H&S pattern and are waiting for a confirmation..."
haha exactly that. I'm sure most of these websites just write a load of content to get page impressions and sell ad space. I'm sure 75% of the time they've got no idea what's driving the market at all.