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True Stories from the Commodities Files

Some investors espy opportunity in an imminent recovery in commodities prices.

In the spring of 2008, commodities trader Chris Nygaard and his colleagues at Vermillion Asset Management were perplexed. Overseas, food riots were raging; in the U.S. big-box chain stores were rationing rice; oil was heading well north of $100 a barrel; and countless charts were showing the prices of virtually

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