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Commodity gluts spur investor exits, signal longish slump

Big banks expect losses for many raw materials to continue

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Southbound: Corn fell to a five-year low on Monday and soybeans were the cheapest since 2010 as farmers begin record harvests in the US, the largest producer of both crops. - PHOTO: REUTERS

INVESTORS are betting that the worst isn't over for commodity prices that already are the lowest in five years. About US$873 billion was pulled from US exchange-traded products backed by raw materials in September

- the most since April, data compiled by Bloomberg shows. Expanding

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