ETF Trends
ETF Trends

Exchange traded funds that invest in grains, corn and the agriculture sector were slammed on Wednesday on favorable weather reports and speculation some investors may be positioning for a stronger dollar.

Teucrium Corn Fund (NYSEArca: CORN) was down more than 4% after the Federal Reserve held steady on interest rates and acknowledged the recent slowdown in the economy.

Corn futures fell the most in over a month while soybeans pulled back on wagers favorable weather will boost crops in the U.S., Bloomberg reported.

The iPath Dow Jones-UBS Grains ETN (NYSEArca: JJG) fell about 4%.

PowerShares DB Agriculture Double Short ETN (NYSEArca: AGA), a leveraged bearish product, rallied 4%.

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