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The April trade deficit data are being digested this morning, and though the futures are still red pre-market, the total trade gap closed on record US exports. Primarily leading the percentage gain in exports were agricultural food and feed products, adding an impressive 12.1% in April.

Given the growing number of restrictions on imported food products for health concerns, the increased demand for feed products to be used in biofuels, the weakening dollar, and the growing sense of health consciousness, I would consider a position in the PowerShares Agricultural ETF (NYSEARCA:DBA), a fund holding commodity derivatives, or secondarily the PowerShares Dynamic Food & Beverage ETF (NYSEARCA:PBJ).