Financial Times FT.com

Harvest projections key to wilting crop prices

By Chris Flood

Published: August 11 2008 22:45 | Last updated: August 11 2008 22:45

Corn, wheat and soyabean prices have fallen heavily in the past six weeks, caught up in the broad sell-off that has engulfed commodity markets this summer.

Crude oil’s sharp decline has undoubtedly weighed on sentiment towards agricultural commodities, which have also been affected by the process of reducing risk and deleveraging by hedge funds seen across all commodity markets recently.

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