Soya and coffee tell a tale of two beans affecting CTA funds differently


Soybeans have proven a volatile smaller market to trade as worries over drought and Chinese demand have thrown futures prices around, disturbing some CTA funds' bets in a market largely lacking direction in May.

However, the main focus of most funds in May continued to be the up-again, down-again fortunes of the Brent Crude barrel.

Martin Lueck, Aspect Capital's director and joint head of research, notes that the firm's Trading Fund worked in markets that showed "little clear direction" in May

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