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Some international commodities have wiped out all their 2021 appreciation

RIO DE JANEIRO, BRAZIL - For all the talk of a commodities boom, some markets have now wiped out gains for the year and several more are close to doing so.

Soybean futures have erased their advance recorded this year, dropping over 20% from the 8-year high reached in May. Corn and wheat also tumbled.

On Thursday, June 17, the Bloomberg Grains Spot Subindex suffered its biggest tumble since 2009, but recovered some losses on Friday. Platinum's positive balance also vanished. Nickel, sugar, and even lumber reversed bullish moves.

The fact that some markets are falling while others - including . . .

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