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  • After a considerable rise in the previous week, the net spec position fell by 6.2k lots and now stands at 240k lots long.
  • Interestingly, the commercial long grew only by a modest 2.4k lots, despite the N raws expiry being just three weeks away from the date of data capture.
  • Despite this lack of buying, the No.11 sustained comfortably above 17c for most of the week.
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