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iPathA Series B Bloomberg Agriculture Subindex Total Return ETN
Those who read my articles on Seeking Alpha know that I often call wheat the most political commodity in the world. While the majority of market participants would likely assign that title to the international crude oil market because more than half the world's reserves are located in the most turbulent region of the world, I would disagree.
The Arab Spring in 2010 did not begin because of the oil market. Instead, it started after a series of bread riots in Tunisia and Egypt. Wheat is the primary ingredient in flour which, in turn, is