The July 26-August 1, 2010 print edition of  Business Week magazine put out a brilliant piece entitled “Amber Waves of Pain”  detailing how retail investors are getting fleeced when playing the agricultural and commodities ETF’s.

The unwary are getting shredded by the contango, whereby far month futures contracts are trading at enormous premiums to the front month. An entire sub industry of hedge funds has arisen to take advantage of this spread, at the expense of

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