|Bid||13.81 x 3200|
|Ask||13.96 x 2200|
|Day's Range||13.78 - 13.85|
|52 Week Range||11.52 - 15.21|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-6.75%|
|Beta (5Y Monthly)||0.18|
|Expense Ratio (net)||1.11%|
Corn prices look set to rise over the next few weeks as extreme weather and agricultural pests put a dent in the harvest of the world’s two largest producers of the grain. “Our estimate is that the corn price reaches $3.80 plus or minus 20 cents in the fall,” says Shawn Hackett, president of Boca Raton-based Hackett Financial Advisors. In other words, corn prices could easily reach $4 a bushel, or about 24% higher than recent prices of around $3.22.
Sal Gilbertie, Teucrium Funds CEO, joins Yahoo Finance's On the Move to talk about the global demand for U.S. farming and agricultural products amid the coronavirus pandemic.
Investors who are thinking about ways to diversify a traditional portfolio mix better should consider commodities like grains and related exchange traded funds to help provide uncorrelated returns.