DBA allocates almost 35% of its combined weight to cocoa, coffee futures with over a third of the fund’s weight going to soybeans, sugar and wheat futures. [Ag Commodities Boosting This ETF]
Investors have poured almost $50 million into the Teucrium Corn Fund (NYSEArca: CORN), which is up 13% year-to-date on expectation farmers will plant significantly less corn this year than they did last year. [Getting Cozy With the Corn ETF]
Although Russia’s invasion of Ukraine is frequently as a catalyst for boosting wheat futures and the Teucrium Wheat Fund (NYSEArca: WEAT) because Ukraine is a major wheat exporter, the commodity started rallying before tensions escalated in Eastern Europe.
WEAT, which has pulled in $3.9 million this year, started its move higher in early February. Since Feb. 6, WEAT has surged 22.8%.
Overlooked relative to DBA and CORN, the iPath Dow Jones-UBS Cocoa Total Return Sub-Index ETN (NYSEArca: NIB) has managed a year-to-date gain of almost 10% with inflows of $4.85 million on the back of short covering and political concerns in Ivory Coast, the world’s largest cocoa producer.
PowerShares DB Agriculture Fund
ETF Trends editorial team contributed to this article.