Financial Times FT.com

Wheat and cotton in commodities turf war

By Javier Blas

Published: October 11 2007 19:03 | Last updated: October 11 2007 19:03

It is often said that each financial boom contains the seeds of the following correction.

Nowhere is that truer than in the agricultural commodities market, where today’s high wheat prices are encouraging farmers to seed a large crop for 2008 in a move that is likely to depress next season’s prices.

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