Some agriculture exchange traded products have recently been impressive, but the Teucrium Corn Fund (NYSEArca: CORN) is one that offers breakout potential.
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.
Agriculture ETFs, like other commodities products, is benefiting from the slumping U.S. dollar. However, some believe the PowerShares DB U.S. Dollar Index Bullish Fund (NYSEArca: UUP), which tracks the price movement of the U.S. dollar against a basket of currencies, including the euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc, is poised to rebound. That could make commodities ETFs of all varieties vulnerable to some downside.
Stronger agriculture commodities prices could also lift ETFs, including the Market Vectors Agribusiness ETF (NYSEArca: MOO), PowerShares Global Agriculture Portfolio (NYSEArca: PAGG), IQ Global Agribusiness Small Cap ETF (NYSEArca: CROP) and iShares MSCI Global Agriculture Producers ETF (NYSEArca: VEGI).