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Goldman's bearish call on grains echoed by investors in ETFs

This is despite the biggest grain rally in four years amid rising demand for US crops, Russian supply worry

Corn prices have rebounded 30 per cent since reaching a five-year low on Oct 1 amid rising demand for US shipments.


THE biggest grain rally in four years wasn't enough to lure investors back to agriculture, as banks including Goldman Sachs Group Inc predicted the gains will be short-lived.

About US$85 million was pulled this quarter from exchange-traded funds (ETFs) tracking agriculture

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