The Street – Big volatility and surging real prices are usually the playground for hedge funds looking for some easy speculative trading gains. But the drought that has crippled the 2012 U.S. corn crop has yet to attract the big money players.
Government intervention — coupled with hedge funds’ weak agricultural commodities trading chops — is keeping big money hedge funds mostly on the sidelines of the current drought-driven corn rally, said Bryan Doherty, senior market adviser with agricultural commodities trading consultant Stewart-Peterson Group.
