27.06.2012 - Extreme weather hits commodity ETFs
Dry spells in the US and India have pushed up agriculture commodities prices, in turn fuelling ETFs tracking related indices. Exchange-traded products (ETPs) tracking wheat, corn and other agricultural commodities surged forward last week due to adverse weather conditions in some of the world's major grain producing regions. In the US and Ukraine, dry weather raised concerns that corn and wheat crop yields would be substantially less than anticipated. In particular, the US is set to record its driest summer since 1988...............................................Full Article: Source
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