Corn, agriculture and grains were the top-performing sector exchange traded funds (ETFs) Thursday as traders pushed prices higher in the wake of the USDA’s annual planting report.
Teucrium Corn Fund (NYSEArca: CORN) added 7% at last check as corn opened limit up Thursday on the Chicago Mercantile Exchange.
Worries over grain inventories played a part in Thursday’s commodity rally, TheStreet.com reported.
ELEMENTS MLCX Grains Index ETN (NYSEArca: GRU), iPath Dow Jones-UBS Grains Total Return Subindex ETN (NYSEArca: JJG) and PowerShares DB Agriculture Double Long ETN (NYSEArca: DAG) all rose more than 5%.
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.