Corn ETF Rallies 35% in a Month on Record Prices

Teucrium Corn Fund (NYSEArca: CORN) has vaulted 35% the past four weeks as a heat wave and drought continue to punish crops in the Midwest.

Corn futures hit another record on Thursday above $8 a bushel.

The U.S. is suffering through its worst drought in over 50 years. [Agriculture ETFs May Rally More on Drought]

“Prices have soared in the past month as hot temperatures and a lack of rain have withered the nation’s corn crop, leading analysts to sharply cut their forecasts of what was once expected to be a record large crop,” Dow Jones Newswires repors.

Soybean prices have also jumped to all-time highs. [Corn, Grains ETFs in Huge Breakout]

Teucrium Soybean Fund (NYSEArca: SOYB) is up nearly 17% the past month.

Teucrium Corn Fund

Teucrium Soybean Fund

The opinions and forecasts expressed herein are solely those of John Spence, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.

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