MM has held this position for almost 2-years and at this stage we see no reason why it wont still reside in our portfolio for another 2-years. The fund tracks 11 of the most liquid agricultural commodities such as soyabeans, corn, coffee and sugar. We simply believe the worlds growing middle class with its increased demand for food will drive up prices faster than improving farming efficiencies can offset – another piece in the commodities supercycle puzzle.
MM remains long and bullish the DBA
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