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Speculators Exit Agricultural Markets, Intensifying Crop Selloff

An exodus of hedge funds and other speculators from commodities markets has exacerbated the fall in prices for wheat, corn, soybeans and other staples, which some analysts say are now cheaper than supply and demand warrant.

It is a sharp reversal from earlier this year when money managers, worried about inflation and war-related supply problems, helped run up commodity prices by piling into futures markets with bets that prices would rise. Wheat and soybeans notched price records earlier this year and corn climbed close to its all-time high, but since then speculators have exited from agricultural markets, taking profits, closing out inflation trades and battening down for recession.

Speculators Exit Agricultural Markets, Intensifying Crop Selloff Source link Speculators Exit Agricultural Markets, Intensifying Crop Selloff

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