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 surpluses, a surging dollar and slowing growth in China helped send the Bloomberg Commodity Index to the lowest since 2009, reversing first-half gains fuelled by a polar vortex and dead pigs in the US, and escalating tensions in Ukraine and the Middle East.
Banks from Societe Generale SA to Citigroup Inc expect the losses for many raw materials to continue. US farmers are collecting the biggest corn and soybean crops...
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