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10-24-2008, 09:59 AM
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Hedge, index fund corn speculation down by half since February
In Illinois, analysis of non-commercial investors in corn, revealed that speculators, hedge funds and index funds held 484,000 long positions in corn in February 2008, equivalent to 2.42 billion bushels of corn, dropping to 240,000 as of October. The Guardian concluded that “Heavy demand for corn from ethanol makers was seen as a key driver [...]
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