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Monday, May 16, 2011

Commodities topping... ?

The press is constantly telling us that the commodity bull market hit the real economy. Everyone from General Mills (breakfast cereal) to Aeropostale (cotton jeans) is suffering...

is this old news?.... It may be...

At least we may be witnessing an inflexion point.

Look at the chart below... Food returns (FUD, blue line) has decreased by 4%, while corn (CORN, green line) and sugar (SGG, red line) are down more than 6% and 8% respectively.

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