|Bid||0.00 x 1400|
|Ask||0.00 x 1800|
|Day's Range||16.20 - 16.28|
|52 Week Range||15.26 - 19.47|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.63|
|Expense Ratio (net)||3.63%|
It is common for commodity traders to focus their attention on the agricultural markets in early August. In this article, we'll take a look at several charts that are used to track agricultural commodities and try to determine how active traders will want to trade the move. It is little secret that the bulls have struggled to push the price of agricultural commodities higher over the past couple of years.
Trade tensions, especially between the world’s two largest economies, have been taking a toll not only on the equity world but also on the commodity space. In fact, the escalating tit-for-tat tariff threats pushed the Bloomberg Commodity Index, which measures the returns on 25 raw materials down by 8.9% from the latest peak in late May.Source: Shutterstock
China is the top consumer of raw materials and the tariffs will slowdown growth in its economy hurting commodities. As such, we have highlighted few commodity ETFs that are feeling the brunt.
The selling comes amid heightened trade tensions between the United States and China. One individual sold 221,000 shares valued at $3.9 million and another sold 132,200 shares worth $2.3 million of the fund, which tracks 10 different agriculture futures. The sales came after China's Ministry of Commerce reportedly told companies Monday to import more soybeans, among other goods, from other countries not named the U.S., according to Bloomberg.
Commodity prices and related commodity ETFs have fallen off in recent weeks on concerns over demand weakness in emerging markets, the ongoing trade war and potential oil production increases. Over the past month, the Invesco DB Commodity Index Tracking Fund (DBC) fell 1.9%, iPath Bloomberg Commodity Index Total Return ETN (DJP) dropped 5.0% and United States Commodity Index Fund (USCI) declined 3.3%. Goldman Sachs argued that concerns over oil and other commodities have been "oversold," and even those most exposed to the risks of a U.S.-China trade war are worth a second look, CNBC reports.
Soybean prices and a related soybean ETF have plunged over the past month on prospects of reduced exports to China in the ongoing trade war spate, but soy jumped Friday after hitting contract-lows. The ...
Large technology companies, such as Facebook and Amazon, have posted weak performance of late, as the trade war rhetoric spilled into the technology sector.
Soft commodity-related exchange traded funds strengthened as China signals state giants to buy American grains in easing trade tensions between Beijing and Washington D.C. On Wednesday, the Teucrium Soybean Fund (SOYB) added 1.0% and Teucrium Corn Fund (CORN) was up 0.8% and Teucrium Wheat Fund (NYSEArca: WEAT) increased 1.5%. Additionally, the diversified iPath Series B Bloomberg Grains Subindex Total Return ETN (JJGB) , which includes corn, soybeans and wheat, advanced 0.8%. China is likely to ship more U.S. soy after Beijing signaled to state-run refiners and grains purchasers they should buy more to diminish tensions between the two countries, Reuters reports.
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The ETF industry has something for everyone -- the Teucrium Soybean Fund ETF (ticker: SOYB) is a derivatives-based fund with more than $15 million in assets. It offers a pure play exposure to soybeans ...
U.S.-China trade tension escalates with the latter announcing new tariffs on a host of products. This puts these ETFs in focus.
After suffering from a supply glut that has dragged on grain prices, U.S farmers plan to plant less corn and soybeans this year, bolstering soft agricultural commodities and related exchange traded funds. ...
The challenging situation surrounding Facebook’s data leak attracted lawmakers and put other technology companies in the limelight this last week. Trump’s latest attempt to reduce America’s large trade deficit with China sparked concerns over retaliation measures aimed at companies exporting grains, particularly soybeans. Inverse volatility made a comeback on the list due to renewed fears of escalating trade tensions, while gold proved its safe-haven status by capturing the attention of investors seeking refuge from agitated markets.