Teucrium Wheat Fund (WEAT) - NYSEARCA
  • Thu, Jun. 30, 12:45 PM
    • Planted acreage of 94.148M acres is higher than trade estimates for 92.9M. Stocks of 4.722B bushels is also higher than 4.528B consensus.
    • For Soybeans, the data is mixed, with acres of 83.688M vs. expectations of 83.834M, and stocks of 870M bushels vs. consensus 829M.
    • Wheat acres of 50.816M vs. estimates of 49.869M, and stocks of 981M bushels were inline with expectations.
    • CORN -1.7%, SOYB +3%, WEAT -0.25%
    • ETFs: JJG, GRU
    | Thu, Jun. 30, 12:45 PM | 1 Comment
  • Thu, Mar. 31, 12:48 PM
    • U.S. farmers plan to sow 93.6M acres of corn this year, up 6.4% from a year ago, the most since 2013, and against expectations for just 89.97M acres. Corn stocks are at 7.808B bushes vs. the trade estimate of 7.801B.
    • Soybean plantings are expected to total 82.2M acres vs. 82.65M a year ago. Wheat planting are pegged at 49.559M acres vs. 54.644M acres a year ago.
    • USDA reports
    • Corn is down 3.7%, while beans and wheat are marginally higher.
    • CORN -4.15%
    • ETFs: CORN, JJG, WEAT, SOYB, GRU, WEET
    • Now read: CORN: An Attractive ETF Alternative To Cash
    | Thu, Mar. 31, 12:48 PM | 6 Comments
  • Thu, Mar. 17, 7:17 AM
    • That bright green across the screen isn't in honor of St. Patrick's Day. Instead, it's a strong bid for commodities and foreign currencies after the Fed yesterday cut its forecast for rate hikes this year to two from four.
    • This just in: Crude oil (NYSEARCA:USO) is up on the year, rising 1.6% today to $40.63.
    • Other movers: Gold (NYSEARCA:GLD+3.25% to $1,270. Silver (NYSEARCA:SLV+3.4% to $15.74, Copper (NYSEARCA:JJC+2,5% to $2.29, Platinum (PPLT, PTM+3% to $988, Lumber (NASDAQ:WOOD+3.5% to $297, Beans (NYSEARCA:SOYB+0.6% to $899.50, Corn (NYSEARCA:CORN+0.5% to $370.25, Wheat (NYSEARCA:WEAT+0.85% to $475.
    • The euro (NYSEARCA:FXE+1.15%, yen (NYSEARCA:FXY+1.3%, pound (NYSEARCA:FXB+0.85%, loonie (NYSEARCA:FXC+1.15%, aussie (NYSEARCA:FXA+1.3%, swissie (NYSEARCA:FXF+1%.
    • ETFs: DBC, DJP, GSG, RJI, GCC, USCI, GSP, GSC, CMD, DJCI, DEE, LSC, DYY, FTGC, UCI, DDP, BCM, UCD, COMT, CMDT, DPU, SBV, PDBC, CSCB, CSCR
    | Thu, Mar. 17, 7:17 AM | 25 Comments
  • Nov. 10, 2015, 12:53 PM
    • The corn production forecast from the USDA is lifted 99M bushels, with the average yield up 1.3 bushels per acre to 169.3 bushels. Projected use is cut 50M bushels. It adds up to stocks of 1.76B bushels vs. trade forecasts for 1.597B.
    • Soybean stocks rise to 465M bushels vs. 436M expected.
    • Wheat stocks rise to 911M bushels vs. 877M expected.
    • Corn, beans, and wheat are all lower by 1.5-2% following the report.
    • ETFs: CORN, JJG, WEAT, SOYB, GRU, WEET
    • Also dinged by lower prices on the farm is Deere (DE -0.9%).
    | Nov. 10, 2015, 12:53 PM | 2 Comments
  • Sep. 11, 2015, 12:27 PM
    • The numbers are bearish on their face, with corn ending stocks of 1.592B bushels vs. 1.713B last month and estimates for 1.487B. Crop yield of 167.5 bushels per acres vs. estimates of 165.
    • Soybean stocks of 450M bushels vs. 470M last month and estimates for just 372M. Crop yield of 47.1 bushels per acre vs. estimates of 45.7.
    • Wheat stocks of 875M bushels up from 850M last month and inline with forecasts.
    • Full report
    • Beans and corn initially tumbled on the numbers, but have recovered, with beans off 1% and corn higher by 1%. Wheat is little-changed.
    • ETFs: CORN, JJG, WEAT, SOYB, GRU, WEET
    | Sep. 11, 2015, 12:27 PM | 1 Comment
  • Aug. 12, 2015, 3:14 PM
    • U.S. corn production is estimated at 13.7B bushels on yields of 168.8 bushels per acre, says the USDA. Trade forecasts were for 13.3M bushels and 164.4 bushels/acre as analysts had priced in a wet early growing season. The USDA last month forecast 13.5B bushels and 166.8 bushels/acre.
    • Soybean production is forecast to be 3.9B bushels on yields of 46.9 bushels per acre versus trade estimates of 3.7B bushels on yields of 44.6 bushels/acre.
    • Stockpile estimates were also above forecast - 1.7B bushels at August's end for corn versus consensus of 1.4B, and 470M bushels for beans versus consensus of 305M.
    • Wheat is also lower after the USDA estimated world inventories at the end of the 2015-16 season at 221.5M metric tons vs. trade at 218.6M.
    • Near-month corn is lower by 4.7%, beans by 6%, and wheat by 2.6%.
    • ETFs: CORN, JJG, WEAT, SOYB, GRU, WEET
    | Aug. 12, 2015, 3:14 PM | 3 Comments
  • Jun. 30, 2015, 12:16 PM
    • Corn acreage of 88.897M acres, according to the USDA, is lower than trade forecasts for 89.3M acres. June 1 stocks of 4.447M bushels vs. 4.555M forecast.
    • Soybean stocks of 625M bushels vs. 670M expected. Acres of 85.139M vs. 85.171 expected.
    • Wheat stocks of 753M bushels vs. 718M expected. Acres of 56.079M vs. 55.867M expected.
    • Corn and beans are each up about 2% from flat before the report posted. Wheat is up marginally.
    • ETFs: CORN, JJG, WEAT, SOYB, GRU, WEET
    | Jun. 30, 2015, 12:16 PM | 1 Comment
  • Mar. 31, 2015, 1:08 PM
    • Corn (CORN -4%) inventories of 7.745B bushels as of March 1 are up 10.5% from a year ago and stand against trade estimates for 7.609B. Acres planted drop 1.398M from a year ago.
    • Wheat (WEAT -3.5%) stocks of 1.124B bushels are up from 1.057B a year ago and stand against estimates for 1.141B. Acres planted drop 1.648M from a year ago.
    • Soybean (SOYB +0.4%) inventories of 1.334B bushels are up from 994M a year ago and stand against estimates for 1.348B. Acres planted gain 934K from a year ago.
    • Sources: USDA, Arlan Suderman, Bloomberg
    • ETFs: JJG, GRU
    | Mar. 31, 2015, 1:08 PM | 2 Comments
  • Nov. 10, 2014, 12:14 PM
    • It's lower yields at work, with the USDA now expecting 173.4 bushels per acre vs. 174.2 last month and the trade guess of 175.2.
    • The bean crop is now estimated at 3.958B bushels vs. 3.927B last month and trade's expectation of 3.967B.
    • Wheat ending stocks of 644M bushels compares to last month's 654M.
    • Corn fired, but has quickly fallen back - now up marginally on the session after initially jumping around 2%. In the green earlier, beans are now lower by 1%, and wheat also erases early gains, now flat on the session.
    • ETFs: CORN, JJG, WEAT, SOYB, GRU, WEET
    | Nov. 10, 2014, 12:14 PM
  • Oct. 10, 2014, 12:20 PM
    • The USDA estimate for this season's corn yield of 174.2 bushels per acre is up from 171.7 bushels one month ago, and compares to trade estimates of 174.7. Production of 14.475B bushels compares to trade estimates of 14.506B bushels. Ending stocks of 2.081B bushels vs. estimate of 2.13B.
    • Soybean yields of 47.1 bushels is up from 46.6 last month, and vs. estimates of 47.6. The crop size of 3.927B bushels stands against estimates of 3.976B, and last month's estimate of 3.913B. Ending stocks of 450M bushels vs. estimate of 472M.
    • Wheat ending stocks of 654M bushels drops from 698M last month and compares to estimates of 704M.
    • Bottom line: Already big corn and bean crops got bigger.
    • Corn and beans are off a few cents, while the price of wheat jumps nearly a dime per bushel on the low stocks estimate.
    • ETFs: CORN, JJG, WEAT, SOYB, GRU, WEET
    | Oct. 10, 2014, 12:20 PM | 2 Comments
  • Sep. 30, 2014, 12:07 PM
    | Sep. 30, 2014, 12:07 PM | 10 Comments
  • Sep. 19, 2014, 11:12 AM
    • It's new contract lows across the board in the grains with Dec. corn -1% to $3.34 per bushel, Dec. wheat -2.2% to $4.77, and Nov. beans -1% to $9.61.
    • Related ETFs: CORN -1.2%, WEAT -2.1%, SOYB -1.5%, JJG -1.5%.
    • For wheat it's a 4-year low following last week's USDA report estimating a record worldwide harvest of 720M metric tons. The USDA also said wheat exports of 314.5 tons in the week ended Sept. 11 were less than half the previous week.
    • The same supply report also predicted record U.S. harvests for both corn and beans.
    | Sep. 19, 2014, 11:12 AM | 1 Comment
  • Mar. 10, 2014, 12:12 PM
    • World corn stocks of 158.47MMT is higher than last month's estimate of 157.3 and trade expectations of 156.27. Domestic ending stocks, however, are now placed at 1.456B bushels vs. 1.481 last month and trade expectations of 1.488.
    • Domestic bean ending stocks of 145M bushels is down from 150 last month, but ahead of trade expectations for 141. World stocks of 70.64MMT vs. 73.01 previously and forecasts for 71.46.
    • Domestic wheat ending stocks of 558M bushels compares to 558M last month and 570M forecast.
    • Markets are reading the news as bearish, with corn off a nickel, beans down $0.25, and wheat off $0.02
    • CORN -0.25%, SOYB -0.75%, WEAT -1.2%
    • Related ETFs: JJG, GRU, WEET
    | Mar. 10, 2014, 12:12 PM
  • Jan. 10, 2014, 12:25 PM
    • Corn (CORN +2.6%) moves sharply higher after the latest USDA projection has corn ending stocks at just 1.631B bushels vs. trade expectations for 1.861B. The agency pegs production at 13.93B bushels - few had expected this number to come in below 14B.
    • The wheat (WEAT -4.2%) numbers are more bearish however, with ending stocks of 608M bushels vs. expectations of 557M. Winter wheat seedings, though, are less than expected - 41.892M acres vs. 43.501M.
    • Soybean (SOYB +0.1%) ending stocks of 150B bushels are about inline with expectations.
    • Related ETFs: JJG, GRU
    | Jan. 10, 2014, 12:25 PM | 2 Comments
  • Sep. 30, 2013, 3:49 PM
    • Corn (CORN -2.4%) and Soybeans (SOYB -3.2%) tumble - with corn hitting a 3-year low - after the USDA reports estimated corn stocks of 824M bushels, off 17% from a year ago, but far higher than trade estimates for 687M. Bean stocks are estimated at 141M bushels, also off 17% from a year ago, but 13% above estimates. Stocks still remain low, but these are old crop numbers, and forecasters are looking forward to a big crop this fall.
    • Wheat (WEAT -2.7%) stocks of 1.85B bushels were slightly below expectations.
    • Lower-than-expected feed usage and export demand were behind the big corn number - high prices had pig farmers substituting corn for wheat.
    • Relevant grain ETFs: JJA, RJA, AGF, DBA, FUD, UAG, DAG, AGA, ADZ, JJS, TAGS, USAG, RGRA, JJG, GRU.
    | Sep. 30, 2013, 3:49 PM | 2 Comments
  • Sep. 12, 2013, 1:07 PM
    • December Corn slides nearly 3% after the USDA revises upward its estimate for ending stocks to 1.855B bushels from last month's 1.837B. Trade forecasts were for 1.739B. Production is lifted to 13.843B bushels from 13.763B last month and trade estimates of 13.641B. The average yield is expected at 155.3 bushels/acre vs. 123.4 last year.
    • Beans go green, however, as the USDA cuts it estimate for yields across the Midwest. The agency sees production at 3.149B bushels and ending stocks of 150M after cutting export demand by 20M bushels. "Leaves trade nervous," tweets Arlan Suderman of Water Street Solutions. "USDA too conservative on demand."
    • Wheat's reverses an early loss to go flat even as the USDA revises higher its forecast of ending stocks to 561M bushels from 551M.
    • Deere (DE -1.1%) got knee-jerked for a few cents on the news release, but looks to be in the process of bouncing back.
    • CORN -2.7%.
    • JJG, GRU, SOYB, WEAT.
    | Sep. 12, 2013, 1:07 PM
WEAT Description
"The Teucrium Wheat Fund (NYSE: WEAT) provides investors unleveraged direct exposure to wheat without the need for a futures account. The Teucrium Wheat Fund was also designed to reduce the effects of backwardation and contango. The investment objective of the Fund is to have the daily changes in percentage terms of the Shares’ NAV reflect the daily changes in percentage terms of a weighted average of the closing settlement prices for three futures contracts for wheat (“Wheat Futures Contracts”) that are traded on the Chicago Board of Trade (“CBOT”), specifically: (1) the second-to-expire CBOT Wheat Futures Contract, weighted 35%, (2) the third-to-expire CBOT Wheat Futures Contract, weighted 30%, and (3) the CBOT Wheat Futures Contract expiring in the December following the expiration month of the third-to-expire contract, weighted 35%."
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