This year's top commodities are projected to be Crude oil and grains because investors will wager on disruptions to the supply chain, according to a poll administered by an investment house.
Nearly three of 10 investors surveyed by Barclays Capital endorsed oil as this year's top gainer. The next two are corn and wheat while gold futures are beginning to lose their luster.
"There is a strong case now for taking money out of gold," managing director Kevin Norrish said. "The real risks are more bad weather and higher food prices. The real risks are further geopolitical issues and higher oil prices. That's why crude oil and grains are on top of the list."
Crude oil futures have increased 14 percent thus far this year, largely because of tumult in the oil-rich nations of the Middle East and North Africa. Anti-government demonstrations have sacked the leaders of Tunisia and Egypt, and the contagion has spread to Libya, Yemen, Bahrain and Syria.
The grain market holds potential because of several factors including stockpiles with reduced levels, inclement weather threatening to ruin crops as they did last year, and an increasing demand from China, according to the managing director.
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