For investors looking for broad-based, diversified exposure to agriculture and soft commodities, the PowerShares DB Agriculture Fund (NYSEArca: DBA) is a solid choice.
The PowerShares DB Agriculture Fund tries to reflect the performance of the Diversified Agriculture Index Excess Return, which is comprised of futures contracts on the most liquid and widely tracked agriculture commodities.
Looking at the daily chart for March Corn futures, we notice prices have recently moved above both the 20 and 200-day moving average (MA) for the first time since June of last year. We are also starting to see the 20-day MA preparing to potentially cross above the longer-term 200-day MA which is generally seen as a bullish technical indicator,” adds Options Express.
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