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Fund money exits commodities over fiscal cliff and Israel tensions

Posted on 21 November 2012

EU grains closed firmer, consolidating from recent losses with Nov 12 London wheat up GBP1.75/tonne to GBP216.75/tonne, May 13 up GBP1.00/tonne to GBP221.75/tonne and new crop Nov 13 GBP0.25/tonne steadier at GBP187.75/tonne. Jan 13 Paris milling wheat added EUR1.00/tonne to close at EUR270.25/tonne.
Fund money continues to exit commodities in general as we nervously approach year end against a backdrop of concerns over the US “fiscal cliff” and escalating tensions in the Middle East………………………………………Full Article: Source

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