Americas > Speculators book profits as RGAs peak, add V25 CCA length

Speculators book profits as RGAs peak, add V25 CCA length

Published 18:12 on June 28, 2024  /  Last updated at 18:12 on June 28, 2024  / Joan Pinto /  Americas, Canada, US

Financial entities continued to trim RGGI allowance (RGA) positions as prices hit new all-time highs, while favouring long-dated California Carbon Allowances (CCA) for the fifth consecutive week despite traders reducing net CCA length across the board, according to weekly data from the US Commodity Futures Trading Commission (CFTC).
Financial entities continued to trim RGGI allowance (RGA) positions as prices hit new all-time highs, while favouring long-dated California Carbon Allowances (CCA) for the fifth consecutive week despite traders reducing net CCA length across the board, according to weekly data from the US Commodity Futures Trading Commission (CFTC).


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