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
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Chicago
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 products such as wheat, soybeans, corn, coffee and sugar, data compiled by Bloomberg shows. That's the third straight loss.
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