An exchange traded fund (ETF) indexed to agricultural commodities has reaped profits lately thanks to rallying grain prices and worries over global food inflation.

Street One Financial’s daily ETF newsletter  highlighted PowerShares DB Agriculture Fund (NYSEArca: DBA) as a potential trade Monday with the fund breaking through its 50-day moving average. [See Street One on ETF liquidity.]

Agricultural commodities jumped last week following what analysts called a bullish crop report. [Commodity ETFs End Strong Quarter On High Note.]

PowerShares DB Agriculture Fund uses futures to invest in commodities including cotton, corn, soybeans and wheat. The index also has a roughly 11% weighting in cocoa, which has seen its price gyrate this year amid violence in Ivory Coast, a major producer.

The $3.8 billion Market Vectors Agribusiness ETF (NYSEArca: MOO), which invests in stocks, is another portfolio designed to benefit from higher food prices. [Agriculture ETFs: An Investment Play On Rising Food Prices.]

A recently launched ETF invests in small-cap agriculture stocks, IQ Global Agribusiness Small Cap ETF (NYSEArca: CROP). [New ETF For The Small Guys in Agribusiness.]

For full disclosure, Tom Lydon’s clients are invested in CROP.

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.