Posted AT 5:16 PM EST on 18/11/08
JPMorgan bullish on agriculture
LONDON — JPMorgan Chase & Co. expects agricultural commodity prices to outperform industrial raw materials and oil next year and has cut forecasts for crude due to what it calls “an endless chain of bearish economic data.”
It expects precious metals to be the worst performing commodities sector over the next year.
In its Commodities Outlook for 2009, published on Tuesday, the U.S.
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