Pursuit of now-President Trump’s policy agenda seemed to promise that the rate of inflation, essentially stagnant since 2009, would very likely begin to rise, and funds began to look for new homes that might benefit from this.In the past several weeks, we have commented a number of times about the amount of new speculative “investment” money pouring into commodity futures markets, including those for grains and soybeans. Nearly all of it has come from managed money pools such as index funds, commodity funds and hedge funds. Most managed money funds took a licking from long positions in commodity markets in 2015, and losses continued until the second half of 2016 when energy markets began to revive and rally. Many funds heavily weighted in c...