ETF Trends
ETF Trends

When it comes to the weather, crops just can’t seem to win, but exchange traded funds (ETFs) do.

If you’re hungry, the flooding in the Midwest is probably just making a bad situation worse. But if you’re holding an ETF that tracks futures, such as the PowerShares DB Agriculture (DBA), you’re loving the continued hot streak. Year-to-date, the fund is up 23.2%.

Corn futures have hit yet another record, rising 3% after flooding wreaked havoc across the Midwest, Miyoung Kim for Reuters reports. Much of the world’s food is grown there, and now is not a particularly good time for torrential rains and flooding, as we’re already in the midst of a global food crisis.

The U.S. Department of Agriculture has already chopped 5 bushels per acre of this year’s corn production.

We suggest you start thinking about alternative side dishes when you’re grilling out this summer.

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