Oil-led slump drives investors out of corn, gold and other commodities

Low inflation, higher interest rates present new scenarios in many emerging markets, reports Bloomberg.

Investors are exiting commodities at the fastest pace in six years, betting a slump in prices is not over as corn, oil and gold drop close to the cost of production.

Open interest in raw material futures and options, which refers to outstanding contracts that have not been settled, is down 5.9 percent since June, heading for the biggest second-half slump since 2008, exchange data show. United States exchange-traded products tracking metals, energy and agriculture saw net withdrawals of $563.9 million in 2014, marking the first two-year slump since the funds were created a decade ago.