The corn crop will be 8% below last year’s, while the soybean crop would be 13% higher, reports Christopher S. Rugaber for the Associated Press. Even so, this year’s corn crop would be the second largest on record, while the soybean crop would be the fourth largest.
ETFs give two ways for investors to access food prices and the boom in agriculture: by investing in futures, or investing in companies that produce such products.
Among the ETFs available that enable investors to do this include:
- PowerShares DB Agriculture (DBA), down 1.9% year-to-date
- iPath Dow Jones AIG-Agriculture (JJA), down 7.4% year-to-date
- ELEMENTS-Linked to MLCX Grains Index (GRU), down 17.9% since Feb. 15 inception
- Market Vectors Agriculture (MOO), down 26.3% year-to-date
- E-TRACS UBS Bloomberg CMCI Food (FUD), down 6.4% since April 4 inception
They’re down now, but will a reversal in the general markets change that? Stay tuned.