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Wheat Trade More Bullish Even as Bear Market Begins
date:Jan 14, 2013
ndard Poors GSCI gauge of 24 commodities. The grain entered a bear market Jan. 4 after retreating 20 percent from a four-year high in July. Its 5 percent drop since the start of January compares with a -0.1 percent decline in the SP GSCI and 3 percent advance for the MSCI All-Country World Index of equities. Treasuries lost 0.6 percent, a Bank of America Corp. index shows.

Egypt, the biggest wheat importer, bought 55,000 metric tons of U.S. grain in a tender yesterday, underscoring the shift i

12/24 21:59