Wheat Bears Multiply as Prices Slump Most Since ’11: Commodities
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Hedge funds got more bearish on wheat as predictions for ample global supplies spurred the largest rout in prices since 2011.
Money managers are holding the biggest bet against wheat prices since mid-February. Global stockpiles will reach a three-year high before the 2015 harvest, as growers increase production from India to Europe, making up for a smaller American crop, the U.S. government forecasts.