“This is a majorly bearish report,” Dennis DeLaughter, an analyst at Vantage RM, in the Bloomberg story.
Teucrium Soybean Fund (NYSEArca: SOYB) was down 2% in afternoon trading. The weakness in corn and soybean prices after the USDA report spread into related commodity ETFs. PowerShares DB Agriculture Fund (NYSEArca: DBA) slipped 1.3% and iPath Grans ETN (NYSEArca: JJG) tumbled 6%.
Teucrium Corn Fund
