“A sharp increase in demand and tightening grain stockpiles mean the January USDA reports were supportive for corn prices,” Luke Mathews, a strategist at Commonwealth Bank of Australia, said in the article.
As of Jan. 1, around 55% of the nine-state Midwest region – the area where most of the country’s crop is grown – saw moderate to exceptional drought, compared to 13% year-over-year. Analysts estimated that only 89.6% of the crop that was planted could be harvested.
- Powershares DB Agriculture Fund (NYSEArca: DBA): corn is 11.8%, wheat is 5.6% and soybeans is 12.3%
- iPath Grains ETN (NYSEArca: JJG)
- Teucrium Corn Fund (NYSEArca: CORN)
- Teucrium Wheat Fund (NYSEArca: WEAT)
- Teucrium Soybean Fund (NYSEArca: SOYB)
- Teucrium Agricultural Fund (NYSEArca: TAGS): TAGS is an ETF-of-ETFs, which holds other Teucrium agriculture ETFs, including CORN 25%, WEAT 25% and SOYB 25%.
Teucrium Corn Fund
For more information on the commodities, visit our commodity ETFs category.
Max Chen contributed to this article.