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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

Published Sun, Dec 28, 2014 · 09:50 PM
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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.

While the Bloomberg Grains Subindex has soared 21 per cent since the end of Septem…

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