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Funds profit from crop price falls but miss gold rally

July soybean futures fell to a one-month low on May 18 as another political scandal in Brazil spurred the real's biggest slide since 1999. The currency drop sparked the nation's farmers to sell the oilseed at a "once in a decade" pace, according to Vitor Minella, who works in Mato Grosso state at Meneguetti, a brokerage.

New York

THE turbulence that's rocked commodity markets caused headaches for gold investors, while funds betting on crops were able to get ahead of price declines.

A measure of historical volatility rebounded for the Bloomberg Commodity Index, which tracks returns for 22 components...

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