“Combined positions across 11 agricultural products rose to 368,088 futures and options in the week ended April 19, according to U.S. Commodity Futures Trading Commission data published three days later. That compares with 177,770 a week earlier,” according to Bloomberg.
The Teucrium Corn Fund (NYSEArca: CORN) “provides investors unleveraged direct exposure to corn without the need for a futures account. The Teucrium Corn Fund was also designed to reduce the effects of backwardation and contango,” according to Teucrium.
Corn prices in the Midwest now cost more to produce them, and U.S. farm income is headed for a 14-year low. Researcher AgResource Co. now estimates a $50 loss for every acre sown on average. The USDA previously forecast net farm income will drop to $54.8 billion this year, the lowest since 2002 and half the record of $123.3 billion in 2012.
[related_stories]PowerShares DB Agriculture Fund
