Traders and brokers who spoke with Reuters speculated that macro funds like Soros and others, which had been aggressively overweight commodities, were cutting the portion of their portfolio allocated to commodities.
It established the Agricultural Adjustment Administration under Secretary of Agriculture Henry Wallace to effect a "domestic allotment" plan that would subsidize producers of basic commodities for cutting their output.
Today, as the record industry's revenue model has collapsed with the digitization of its biggest commodities, companies are cutting back spending on all but their biggest stars, and not signing nearly as many new acts.
But hiked pork prices kept commodities costs from cutting too far into profits.
I agree that Congress should make cuts in the commodity support program before cutting the budget of the food stamp program ("Sparing the Least of Those at the Table," editorial, Aug. 17).
NEW YORK TIMES Hedge Funds Slash Bullish Commodity Bets | Hedge funds are cutting their net long bets on commodities on the assumption that a global "contraction" will result from the European debt crisis and a decline in demand for raw materials will follow, Bloomberg News reports.
They may be worried about Vladimir Putin, but they are more worried about cutting their losses.The commodity sell-off has been accompanied by a retreat from another risky asset class, emerging-market shares.
The company plans to dispose of its remaining bulk ingredients business in Europe, including products such as corn syrup which are subject to fluctuating commodity prices, as well as cutting back its struggling Splenda sucralose operations.
Currently, the proliferation of the mobile ad hoc wireless networks (MAWN) is moving from cutting edge to commodity and thus, reliable performance will be expected.
Speculators are cutting their exposure to commodities to levels not seen since the recession of two years ago as fears grow of a global slump.
