How can you profit from the Agriculture Boom?
With the drought in Russia, wheat prices are up 60%, and corn has risen 10% so far. The U.S. Department of Agriculture stated that the majority of cotton, corn, peanut, rice and wheat crops are in fair to excellent conditions, according to iStockAnalyst. Tom Lydon, analyst from ETF Trends, reports that there are 64 commodity focused ETF’s to invest in. These include PowerShares DB Agriculture (DBA), PowerShares DB Commodity Index Tracking (DBC), and ELEMENTS MLCX Grains Index Total Return ETN (GRU).