|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||17.83 - 17.95|
|52 Week Range||17.68 - 20.10|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||4.13%|
DJ Commodity Index Red-hot dry heat in the western part of the Upper Midwest is threatening the corn crop and could spark a big rally. “The extreme drought in North and South Dakota (and currently spreading into Canada) may begin to hit the western corn belt,” says a report from Best Weather, a meteorological forecaster and advisor in Sarasota, Fla. Adds Matthew Davey, a commodity analyst and meteorologist for the firm: “All the models are showing warm dry air sticking around.” Prices for the grain could go as high as $6 a bushel or more, says an analyst. A couple of months ago (“Corn Prices About to Pop,” May 13), Commodities Corner contributor Chelsey Dulaney predicted the price could rise from its $3.30-to-$3.80 trading band to about $4.
Despite a bounce in the agricultural ETFs over the past few weeks, technical evidence suggests lower prices to come.
Grain ETFs are on a tear. Should you buy them right now?