Other agriculture commodities have not been as fortunate in the performance department. The Teucrium Corn Fund (NYSEArca: CORN) and the Teucrium Soybean Fund (NYSEArca: SOYB) are off 15.6% and 5.47%, respectively, year-to-date.
Inspections across Ohio to Nebraska show corn output in the U.S., the world’s largest producer, could be 1% above government estimates and soybean output could be 1% higher, Bloomberg reports
The ideal weather conditions helped corn stalks produce more kernels than normal and increased seed pod growth in green soy plants. [Corn, Soybean ETFs Lag in Bumper Crop Year]
There are signs that some investors are trying to catch a bottom with select agriculture ETPs. For example, CORN has attracted $42.3 million in new assets this quarter tumbling 12.5% since July 1. The iPath Dow Jones-UBS Cotton Total Return Sub-Index (NYSEArca: BAL) has added nearly $9 million this quarter despite sliding 9.6%.
Teucrium Corn Fund