I remember that Jesse Livermore was long coffee during WW1 thinking that shipments in wartime would be difficult. The price of coffee appreciated but the shorts took his long position, on appeal, to Congress who decided in favor of the shorts when they declared that Livermore could not gain from "wartime profiteering". That's found in "Reminiscences of a Stock Operator" by Edwin Lefevre. Excellent book if you are not familiar with it.
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