Trying to get at outsized profits, hedge funds have been getting more aggressive in the commodities markets. Of course, one of the hottest trades has been with agriculture, such as like corn and soybeans. But these markets can move fast and are highly sensitive to planting patterns, weather and changes in global demand.
Well, according to a report on Bloomberg.com, it looks like hedge funds are getting much more cautious on the agriculture sector. For example, there was nearly an 8% drop in wheat prices since February 18.