Amid shortages in the Ivory Coast, cocoa was one of the few commodities to notch an impressive 2013 performance and the iPath Dow Jones-UBS Cocoa Total Return Sub-Index ETN (NYSEArca: NIB) is up another 7% this year.
The iPath Dow Jones-UBS Coffee Total Return Sub-Index ETN (NYSEArca: JO) entered Thursday’s trading as 2013 top-performing non leveraged exchange traded product, but even with a 6% loss, likely driven by profit taking, JO is still up more than 25% this year. [Brazil Boosts Coffee ETNs]
Investors interested in DBA should monitor weather news out of Brazil, one of the world’s largest coffee and sugar products.
PowerShares DB Agriculture Fund
ETF Trends editorial team contributed to this post.