Teucrium Sugar ETF (CANE)
CANE Price and Sentiment
CANE Latest news
The broader market posted a muted performance during the third quarter of 2021 mainly due to the COVID-19 Delta-variant scare, Fed taper talks and the resultant rising rate worries, the probability of a tax hike, and China's real estate developer Evergrande's default risks.
Sugar exchange traded products are enjoying a nice rush as sugar prices hit a four-year high due to supply concerns in Brazil, where frost decimated cane crops. Year-to-date, the iPath Series B Bloomberg Sugar Subindex Total Return ETN (NYSEArca: SGG) rose 33.3%, and Teucrium Sugar Fund (NYSEArca: CANE) gained 44.3%.
Carlos Mera, head of agricultural commodities market research at Rabobank, discusses the outlook for the sector amid rising prices and global inflation.
Investors could easily make some profit from surging food prices through a number of ETFs or ETNs with lower risk.
Recently there has been a surge of articles pertaining to rising inflation as the Federal Government plans to add more debt with upcoming spending from the infrastructure bill and another stimulus package. Inflation has also become an increasingly touchy topic.
Super-easy monetary policy, soft U.S. dollar, fiscal stimulus and vaccine rollout will likely boost commodities ETFs in 2021.
2020 has been a banner year for grain futures specialist Teucrium ETFs, with its assets under management more than tripling. Leading the charge since the COVID-19 late March lows have been the Vermont-based ETF issuer's SOYB and CORN funds - powered by record Chinese soybean and corn imports.
We're Not In Kansas Anymore: Playing Grain Futures With Teucrium ETFs (Podcast)
U.S. agricultural ETFs have been displaying a favorable trend lately thanks to unfavorable weather.