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Morgan Stanley ‘bullish’ on ags, but with a caveat

Posted on 06 November 2012

Morgan Stanley sounded a mixed note for agricultural commodity values, even as data showed many hedge funds giving up on price gains for now, slashing long exposure to corn and cotton futures on particular.
The bank said that it was “bullish” on agricultural commodities, in particular corn, saying it “still” saw the need for prices “to move higher, and possibly trading into the double digits” in terms of dollars per bushel to ration demand following a disappointing US harvest, the world’s biggest………………………………………..Full Article: Source


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