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Invesco DB Agriculture Fund (DBA)

NYSEArca - NYSEArca Delayed Price. Currency in USD
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15.39-0.17 (-1.09%)
At close: 4:00PM EST

15.39 0.00 (0.00%)
After hours: 5:36PM EST

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  • T
    T
    Recent news about wheat crop in the US and Russia is not good. Lack of rain at the right times this seasons has left the soil too dry for crop yields anywhere near normal. I'm not sure what weight wheat has in DBA or MOO, but commodity prices will rise near and mid future.
    Bullish
  • A
    Anonymous
    DBA bucked seasonal trends in Oct by closing DOWN
    what can longs expect for Nov seasonally not favorable?
  • A
    Anonymous
    as recent as March of this year DBA sold at three times rja currently it's trading at only 2 and 1/2 x r j a maybe they should cut their fee in half
  • E
    Eugene
    Cat's out of the bag. Retail sales increased, but fell way short for Aug. My translation...households are saving more and spending less despite all the stimulus. FRB policy akin to pushing on a string. We are a nation of consumers, so one way to get households to spend more is with an ever increasing likelihood of future inflation. Spend now before prices increase. We shall see how this impacts the velocity of money in the near future. We know about the quantity of money. My bet is ag pricing will continue to benefit.
    Bullish
  • A
    Anonymous
    cup and handle formation almost complete get ready for the break out next week
  • A
    Anonymous
    Given DBA's glacial advance & struggle to take out resistance @ $15.00, it's easy to forget that this iceberg has been rising for 6 WEEKS!
    and yet $15 remains?
    Bullish
  • A
    Anonymous
    Time to add to positions
    DBA finally has regained last year's Sept level! If positive momentum is to be maintained the next few months should prove rewarding & last year's hign should be challenged
    Bullish
  • E
    Eugene
    I mentioned a couple of months ago in an earlier post that the stock market was selling off, yet ag pricing remained firm. Bodes well for farmers and ranchers; the crops and livestock they produce, looking ahead, imho.
    Bullish
  • E
    Eugene
    So, inflate it is. However, implementation is the real challenge. The reflation/inflation of certain financial asset classes obviously has its limits. The 'wealth effect' as it is known. Well, it aint cuttin' it. Probably time for a Universal Basic Income, or a derivative with a different name, since the FRB is in the bailout business anyway, except on a colossal scale more than ever before. Otherwise, more of the same and mainstreet gets pounded along with commodities.
    Bullish
  • E
    Eugene
    Not sure what's different this time except global fiat money printing (expansion) has reached unimaginable levels and it will likely continue because there is no other option other than austere measures, which are highly unlikely or even possible. So inflation it is. Eventually, farmers and ranchers (the products they produce) will have their (its) day in the sun. The dollar continues to decline, albeit slowly, but if it accelerates, which I expect it will, DBA pricing should respond in inverse fashion.
    Bullish
  • G
    G
    Well, I had a small position in this. Going to average down and add to it. Seems like Ag commodities might be bottoming.. not sure, but seems like more upside potential than down at this point.
  • A
    AaronP
    Since this board tends to be glitchy I'll post my own reasoning for why i purchased this etf. First, this tracks a bundle of agricultural products. I have 19% of my portfolio(*see dragon portfolio for more*) allocated towards commodity trending sectors, and I intend to follow the developing trend in agricultural products. I believe the ongoing flooding in China has decimated normal production in a normally productive region. This shock in supply will (hopefully for this trade) be felt in America as a cheap supplier is removed from the market. And as a result we get higher prices for things like fruit and vegetables back home at retailers. Let me know what you all think.

    -
    aaron.pike.9 on Tradingview
    Bullish
  • E
    Eugene
    Given the recent increase in volume, especially today, I still believe DBA is being accumulated, from weak hands to strong hands. Significant shift in ownership. Macro conditions, which I previously mentioned, support my conclusion. I am positioning accordingly. JMHO.
    Bullish
  • S
    Sebastian
    How is price for groceries, especially meat, exploding, yet this thing is stuck in the mud?
  • S
    SteveK
    Does anyone follow this? Does anyone understand it? Looking in the "holdings" section it's a bunch of agriculture futures so it seems to be a play on ag commodity prices. Closer to the 52-week low now because of? Tax reform introduced a nice deduction for farmers that used Co-ops for grain processing (as opposed to for-profit grain processors) but it's not clear how that would influence futures prices. There's also the threat of NAFTA renegotiation or dissolution. Farmers are big export beneficiaries under NAFTA, maybe that's it. Or the US quitting TPP (which may have benefited farm exports. Does anyone know?) Or the falling dollar although that would seem to benefit US goods sold abroad. Any thoughts?
  • E
    Eugene
    price appreciation that required weeks, wiped out in just 3 days. the dollar remains strong, but not so much if one buys things that matter, you know, like food. i get the virus unknowns, the potential fallout related to the china market, but price discovery is clearly a thing of the past.
    Bullish
  • E
    Eugene
    Much to my chagrin, DBA pricing continues its bearishness. Not sure if this is unprecedented or not, but my understanding is that there are now efforts to help farmers deal with the emotional stress associated with continuing depressed prices and the uncertainties associated with covid and the US export trade. The ongoing negative impact on the farming family and the rural community is very disturbing to put it mildly. I am losing confidence that the FRB will be able to pull another rabbit out of its hat to save the main street (productive) economy, but Wall Street, I am almost certain, will reap the most benefit, if any, of future collosal money printing and irresponsible, if not reckless, fiscal policy. Oh, what a mighty web we (our elected leaders and appointed bureaucrats) have weaved.
  • C
    Carlos
    Nine years of constant downturn are about to be reversed for commodities (food, oil, et al). Many will make millions!!
    Bullish
  • E
    Eugene
    Interestingly enough, gold is breaking out beyond the $1800 level. Yellow metal has been beaten down numerous times from that area for quite a while now...until today. What does that have to do with agricultural prices? Well, probably very little, except it is a commodity. Will commodities lead any economic recovery as a consequence of massive and unprecedented money creation? I think so, although savers and those on fixed incomes will be hurt the most, unfortunately. I am in that category. I prefer things that are tangible, however, to help offset the loss in purchasing power. JMHO.
    Bullish
  • J
    J
    In addition to all the changes from trade negotiations, the wet year, and because growing seasons are getting shorter, IMO this is something to buy at the low. As crops reduce, food will be more expensive. As we speak, China is releasing food and changing things to deal with the pork epidemic. I have seen shortages in some of the fresh food area, and soon crops in storage will reduce, so it is a good time to hold if you already have it. As I have a small amount, I am neutral at this time.
    Neutral