04.03.2013 - Agricultural, energy funds lead commodities pack
The rising price of corn, soybean and wheat, which was triggered by last summer’s drought in the U.S. Midwest, helped BMO Agriculture Commodities exchange-traded fund gain nearly 6 per cent. (This ETF also tracks futures contracts of commodities like cocoa, coffee, sugar and cotton.) “The dry and scorching weather between late June and August of last year severely limited crop production and supply,” said Alfred Lee, a portfolio manager with BMO ETFs at BMO Global Asset Management. “That area in the United States, known as the Corn Belt, also produces wheat and soybeans.”..............................................Full Article: Source
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