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HEADLINES:

Best-Performing Leveraged ETFs Year To Date
Bespoke Investment Group • Tue, Feb 12 • 3 Comments
ETF Deathwatch For January 2013: 15 Added, 14 Removed
Ron Rowland • Wed, Jan 9 • 6 Comments
Another ETN Bites The Dust
Paulo Santos • Fri, Oct 5, 2012 • 22 Comments
Another ETN You Shouldn't Be Buying
Paulo Santos • Wed, Aug 1, 2012 • 11 Comments
Playing The Continuing Drought Using Options
William Campbell • Wed, Jul 25, 2012 • 13 Comments
Momentum Trades XIII: Hot Hands ETFs Up 12.54%
Fredrik Arnold • Wed, Jul 25, 2012 • 4 Comments
Momentum Trades XII: Hot Hands ETFs In May
Fredrik Arnold • Wed, Jun 20, 2012
The Insider's Guide To Food Investing
Kate Stalter • Thu, May 3, 2012 • 5 Comments
Soybeans End April At Three-Year High
T. Marc Schober • Tue, May 1, 2012
The State Of Agricultural Commodities
Elliott Gue • Mon, Feb 6, 2012 • 13 Comments
Agriculture Update: Corn Stays Bullish, Wheat And Soybeans Turn Bearish
Hard Assets Investor • Thu, Nov 10, 2011
How Do Commodities Perform In November?
The Oxen Group • Wed, Oct 26, 2011 • 1 Comment
The Big Move: The End Of The 2011 Corn Bubble Nears
Justin M. Hall • Tue, Sep 13, 2011 • 21 Comments
The Big Move (Part 3): The 2011 Corn Bubble Will Burst
Justin M. Hall • Tue, Sep 6, 2011 • 33 Comments
The Big Move (Part 2): Playing The Corn Bubble With These 2 ETFs
Justin M. Hall • Mon, Sep 5, 2011 • 26 Comments
AP Agribusiness Article Errs on Crop Futures
Chris Ridder • Fri, Aug 12, 2011 • 3 Comments
ETF Kings: Best Performers From First Half of 2011
Michael Johnston • Fri, Jul 8, 2011 • 1 Comment
World Bank's Agriculture Price Hedges and the Efficient Transfer of Risk
Craig Pirrong • Fri, Jun 24, 2011 • 1 Comment
Rural Economy Continues to Improve, But Flooding Constrains Growth
T. Marc Schober • Tue, Jun 21, 2011 • 2 Comments
ETF Deathwatch List for May 2011: DENT Joins the Watch
Ron Rowland • Thu, May 5, 2011

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Another ETN Bites The Dust
Paulo Santos • Fri, Oct 5, 2012 • 22 Comments
Another ETN You Shouldn't Be Buying
Paulo Santos • Wed, Aug 1, 2012 • 11 Comments
Wheat Price Spike Exacerbates Cost Inflation Challenges for Food Companies
Research Recap • Thu, Aug 12, 2010 • 2 Comments
Speculation Did Not Cause Agricultural Commodities Bubble
Research Recap • Thu, Jun 24, 2010
Leveraged ETFs: A Seeking Alpha Expert Panel
SA Editors • Wed, Nov 11, 2009 • 10 Comments
What Happens When You Hold Leveraged ETFs for More than One Day?
Marc Gerstein • Wed, Mar 25, 2009 • 22 Comments

Best-Performing Leveraged ETFs Year To Date
Bespoke Investment Group • Tue, Feb 12 • 3 Comments
ETF Deathwatch For January 2013: 15 Added, 14 Removed
Ron Rowland • Wed, Jan 9 • 6 Comments
Playing The Continuing Drought Using Options
William Campbell • Wed, Jul 25, 2012 • 13 Comments
Momentum Trades XIII: Hot Hands ETFs Up 12.54%
Fredrik Arnold • Wed, Jul 25, 2012 • 4 Comments
Momentum Trades XII: Hot Hands ETFs In May
Fredrik Arnold • Wed, Jun 20, 2012
The Insider's Guide To Food Investing
Kate Stalter • Thu, May 3, 2012 • 5 Comments
Soybeans End April At Three-Year High
T. Marc Schober • Tue, May 1, 2012
The State Of Agricultural Commodities
Elliott Gue • Mon, Feb 6, 2012 • 13 Comments
Agriculture Update: Corn Stays Bullish, Wheat And Soybeans Turn Bearish
Hard Assets Investor • Thu, Nov 10, 2011
How Do Commodities Perform In November?
The Oxen Group • Wed, Oct 26, 2011 • 1 Comment
The Big Move: The End Of The 2011 Corn Bubble Nears
Justin M. Hall • Tue, Sep 13, 2011 • 21 Comments
The Big Move (Part 3): The 2011 Corn Bubble Will Burst
Justin M. Hall • Tue, Sep 6, 2011 • 33 Comments
The Big Move (Part 2): Playing The Corn Bubble With These 2 ETFs
Justin M. Hall • Mon, Sep 5, 2011 • 26 Comments
AP Agribusiness Article Errs on Crop Futures
Chris Ridder • Fri, Aug 12, 2011 • 3 Comments
ETF Kings: Best Performers From First Half of 2011
Michael Johnston • Fri, Jul 8, 2011 • 1 Comment
World Bank's Agriculture Price Hedges and the Efficient Transfer of Risk
Craig Pirrong • Fri, Jun 24, 2011 • 1 Comment
Rural Economy Continues to Improve, But Flooding Constrains Growth
T. Marc Schober • Tue, Jun 21, 2011 • 2 Comments
ETF Deathwatch List for May 2011: DENT Joins the Watch
Ron Rowland • Thu, May 5, 2011
Andre Julian Says Wheat Will Suffer
Hard Assets Investor • Wed, Apr 20, 2011 • 1 Comment
20 Reasons to Be Prepared for a Global Food Crisis
Michael T. Snyder • Sat, Apr 16, 2011 • 109 Comments

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AGA vs. ETF Alternatives

AGA Description

All of the PowerShares DB Agriculture ETNs are based on a total return version of the Deutsche Bank Liquid Commodity Index–Optimum Yield Agriculture™ (the "Index"), which is designed to reflect the performance of certain corn, wheat, soybean and sugar futures contracts plus the returns from investing in 3 month United States Treasury bills.
See more details on sponsor's website

Key Info

In Your Portfolio: A Guide to Commodity ETFs and ETNs
Asset Class Performance: Commodities

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| Earnings
| Dividends
| M&A
| On the move

Wednesday, May 15, 11:38 AM Agricultural commodity prices (DBA) could fall a big 13% over the next year, says Goldman, predicting bumper crops across the globe. With weak demand and a record South American harvest (CORN, SOYB, WEAT) already in the books, it would require a major weather shock in the U.S. to keep prices near current levels. Earlier: Deere tumbles as poor weather slows U.S. planting progress. Comment! [Commodities]
Thursday, April 25, 3:19 PM The flow of key farm products (DBA) to the world from North and South America, highlighted by congestion at Brazilian ports and limited selling of crops by U.S. farmers, will keep global grain supplies tight despite expectations for big harvests later this year, Bunge (BG +6.5%) says after its Q1 report showed a 16% jump in agribusiness sales to $10.77B. Comment! [Commodities, On the Move]
Monday, April 8, 10:22 AM Speculators exited long commodity positions last week at the fastest pace since 2008, according to the CFTC. Of particular note is the quickest decline in agricultural holdings (DBA) ever, led by an exiting of corn (CORN) positions as the price dropped about $1/bushel. Comment! [Commodities]
Thursday, February 14, 10:28 AM Agricultural commodities continue an underreported slide, with J.C. Parets noting corn is down for the 10th consecutive session. Earlier this week, the USDA estimated farm income in 2013 will be the highest in 40 years thanks to high prices. A weak harvest has little impact thanks to the use of crop-insurance programs. DBA -5.2%, CORN -4.4% YTD. 2 Comments [Commodities]
Friday, January 11, 12:13 PM The inaugural midday release of the USDA's January crop report doesn't disappoint, with corn reversing early losses and now sharply green as Dec. 1 stocks come in at 8.03B bushels vs. expectations of 8.21B. Ending stocks are estimated at a slim 602M bushels vs. expectations of 667M. Beans are down after production came in higher than expected. Wheat jumps on lower-than-anticipated planted acres. Comment! [Commodities, On the Move]
Thursday, January 3, 9:19 AM The grains continue a tough post-U.S. harvest run with news today of China cancelling another order - this one 11.6M bushels of American beans. In the meantime, better weather is improving prospects for South America's crops. Beans -1.1%, Corn -0.7%, Wheat -0.2%. Comment! [Commodities]
Friday, December 21, 2012, 11:59 AM Brazil’s government go-ahead for Petrobras (PBR -3.6%) to raise its gasoline prices in early 2013 likely will raise demand for domestically produced sugar-based ethanol, but effects also could reach U.S. shores. Ethanol output in the U.S. is expected fall ~10% next year, and a robust export market could give Brazilian mills even more incentive to produce ethanol instead of sugar. 4 Comments [Energy, Global & FX, On the Move]
Tuesday, December 4, 2012, 5:57 PM Phosphorus: The finite supply of it is why Jeremy Grantham predicts a grim future for much of the world's population. As production of the critical ingredient for fertilizer drops, so will crop yields, which will threaten the ability to feed the world's population. Grantham thinks the finite supply of fertilizer and limits of crop yields already are starting to affect food prices. 6 Comments [Commodities, Global & FX]
Monday, November 12, 2012, 12:47 PM The grains get a downgrade from Goldman following Friday's USDA report raising harvest estimates. Acknowledging continued tight supplies of corn and wheat, Goldman says "risks of critically tight soybean inventories continue to fade quickly." The grains are off sharply today: CORN -3.1%, SOYB -2.8%, WEAT -1.6%. Comment! [Commodities]
Friday, November 9, 2012, 7:04 AM Corn could move up to the unheard level of $9-$10/bushel in 2013, says Morgan Stanley's Hussein Allidina. A few weak export numbers from the U.S. has left the market complacent, he says, but supplies remain super-thin and current prices aren't high enough to ensure there will be corn around until the next crop. CORN -7.9% over the last 90 days. 1 Comment [Commodities]
Thursday, October 25, 2012, 11:04 AM Commodity investors will have interest in a comparison of the Rogers Commodity ETN (RJA) vs. the much more popular DB Agriculture ETF (DBA). RJA offers diversity, investing over a far wider range of contracts than DBA, which has 72% of its assets in just its top 6 holdings. Performance: Rogers dominates by 1400 basis points over 3 years, but DBA by about 700 basis points over 5 years. Comment! [Commodities, Quick Ideas]
Friday, October 19, 2012, 7:27 AM Wheat is catching a bid, the December contract +1.7% to $8.83/bushel on chatter the Ukraine is set to ban exports beginning Nov. 15. "Window dressing," says Tregg Cronin. "The market (is) already keeping them out of exports." Corn +1%, Beans +0.6%. Comment! [Commodities]
Thursday, October 11, 2012, 9:16 AM Grains soar as the USDA lowers its estimate of corn ending stocks to 619M bushels from 733M in September. The cut comes even as it raises its forecast of harvested acres to 360K. What happens, asks Arlan Suderman, if the USDA is forced to cut harvested acres in its next report? Yikes. Corn +4%, Beans +2.1%, Wheat +1.5%. 2 Comments [Commodities, On the Move]
Friday, September 28, 2012, 8:56 AM Corn soars 3% as the USDA announces stocks at just 988M bushels, the low end of the expected range. Prior to the report, corn had tumbled about $1/bushel over the past month. Wheat stocks also came in low, suggesting greater-than-expected feed use for both grains. Bean stocks beat expectations after the USDA "finds" another 38M bushels from last year's crop. Wheat +2%, Beans flat. 1 Comment [Commodities, On the Move]
Wednesday, September 19, 2012, 2:56 PM Interesting action in the commodity ETF sector shows a heavy hitter swapping out of $60M worth of the PowerShares Agriculture Fund (DBA) and into the Oil Fund (DBO) this morning. Is a big outfit booking profits on a summer rally in agriculture to pick up recently pummeled oil? It's also another example of liquid ETFs becoming a preferred playground for hedge funds and institutions. 1 Comment [Commodities]
Wednesday, September 12, 2012, 9:15 AM More from the USDA: Soybeans gain +0.8% as the expected crop is cut 2% to 2.638B bushels vs. trade estimates of a 1% reduction. Ending stocks, however, remain at 115M bushels as the USDA cuts exports 55M bushels to 1.055B. Without the export reduction, ending stocks would have fallen to the frighteningly low level of 60M bushels. (full report, .pdf) 1 Comment [Commodities]

Hypnos7
Illiquidity and volatility decay are murdering AGA -- any alternatives out there? Maybe I should just trade futures ...
11/3/12
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vinyal
Commodity joker Gartman bullish on corn. i think i now feel comfortable holding my AGA long a little longer
7/24/12
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OneLongTrade: The run up has just gone too far, and in the past ferts like CF and POT get punished severely on the downside.
7/24/12
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Bret Kenwell: very punished. Was good for underwater longs to unload at higher prices.
7/24/12
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vinyal
AGA Long finally starting to pay off
7/23/12
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vinyal
Getting my head bit off by my AGA trade.
7/9/12
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iadops40: Agriculture is not to be shorted here
7/9/12
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vinyal
Oil short SCO working. Waiting to attack the corn trade with AGA on first sign of weakness.
7/6/12
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vinyal
My favorite longs for the short term are AGA and SCO. Will wait for the jobs report noise to calm down before I press these in size
7/5/12
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Justin M. Hall
11/23/11 12:40P ET: A GLUTTON FOR PUNISHMENT => I remain bullish on BAC. Think long-term. Patience will be rewarded. + AGA at $20 today!
11/23/11
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Justin M. Hall: 3pnk: The use of "communist" is a reference to your profile. I have a good friend from Ukraine. He doesn't characterize himself similarly.
11/23/11
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Justin M. Hall: Correction: Noreika, I like AGA through February 2012. Good luck. --JH
11/23/11
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Justin M. Hall
11/12/11 10:15A ET: Update - we reentered our short CORN position on T 11/8/11 via AGA at $16.93. Exit at / near $17.84 for 5.4% gain.
11/12/11
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Justin M. Hall: This position is closed and we'll look to reenter the short CORN trade again in the near future as it keeps on giving.
11/12/11
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Justin M. Hall: See also: my short CORN series published here at SA awhile back. http://seekingalpha.com/a/68nm
11/12/11
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Justin M. Hall
10/31/11 4:45P ET: On 10/27 and 10/31, we took gains of 2% & 2.7% on AGA. We exited BFRE.OB today (10/31) for 18% in 2 months.
10/31/11
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Justin M. Hall: For the record, I highlighted BFRE.OB in my 3-part series on CORN & AGA back in early September 2011. http://bit.ly/sfv6Tx
10/31/11
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Justin M. Hall: FYI: All results are reported on my site, Rx Investors.com. http://bit.ly/t7mrwo
10/31/11
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Justin M. Hall
10/26/11 6:15P ET: We remain long BAC & FAS & expect both to climb higher. Patience required! Short CORN via AGA.
10/26/11
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Justin M. Hall: Brandon: To answer your question, I think BAC will prove to be a smart bet. There are risks in this environment, but rewards outweigh.
10/26/11
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Justin M. Hall: MTV programming is terrible - an idealogical dumpster baby. If they would get back to music videos, they could possibly revive the industry.
10/26/11
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LATEST REPLIES

vinyal
Commodity joker Gartman bullish on corn. i think i now feel comfortable holding my AGA long a little longer
7/24/12
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OneLongTrade: The run up has just gone too far, and in the past ferts like CF and POT get punished severely on the downside.
7/24/12
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Bret Kenwell: very punished. Was good for underwater longs to unload at higher prices.
7/24/12
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vinyal
Getting my head bit off by my AGA trade.
7/9/12
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iadops40: Agriculture is not to be shorted here
7/9/12
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Justin M. Hall
11/23/11 12:40P ET: A GLUTTON FOR PUNISHMENT => I remain bullish on BAC. Think long-term. Patience will be rewarded. + AGA at $20 today!
11/23/11
Reply (14)

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Justin M. Hall: 3pnk: The use of "communist" is a reference to your profile. I have a good friend from Ukraine. He doesn't characterize himself similarly.
11/23/11
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Justin M. Hall: Correction: Noreika, I like AGA through February 2012. Good luck. --JH
11/23/11
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Justin M. Hall
11/12/11 10:15A ET: Update - we reentered our short CORN position on T 11/8/11 via AGA at $16.93. Exit at / near $17.84 for 5.4% gain.
11/12/11
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Justin M. Hall: This position is closed and we'll look to reenter the short CORN trade again in the near future as it keeps on giving.
11/12/11
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Justin M. Hall: See also: my short CORN series published here at SA awhile back. http://seekingalpha.com/a/68nm
11/12/11
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Justin M. Hall
10/31/11 4:45P ET: On 10/27 and 10/31, we took gains of 2% & 2.7% on AGA. We exited BFRE.OB today (10/31) for 18% in 2 months.
10/31/11
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Justin M. Hall: For the record, I highlighted BFRE.OB in my 3-part series on CORN & AGA back in early September 2011. http://bit.ly/sfv6Tx
10/31/11
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Justin M. Hall: FYI: All results are reported on my site, Rx Investors.com. http://bit.ly/t7mrwo
10/31/11
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Justin M. Hall
10/26/11 6:15P ET: We remain long BAC & FAS & expect both to climb higher. Patience required! Short CORN via AGA.
10/26/11
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Justin M. Hall: Brandon: To answer your question, I think BAC will prove to be a smart bet. There are risks in this environment, but rewards outweigh.
10/26/11
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Justin M. Hall: MTV programming is terrible - an idealogical dumpster baby. If they would get back to music videos, they could possibly revive the industry.
10/26/11
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Justin M. Hall
9/22/11 1:10P ET: In addition to selling CORN puts, we exited remaining AGA positions at gains of 24%. [Rx Investors.com]
9/22/11
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Justin M. Hall: Thanks Tony. Nice work my friend.
9/30/11
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Justin M. Hall: Tony, if you do well on FAS, I hope you will consider supporting my efforts here by subscribing to Rx Investors.com.
9/30/11
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Justin M. Hall
9/20/11 10:35A ET: After today's action, I think CORN could touch as low as $40, down -20% from my 9/6 short CORN series at SA. CORN, AGA
9/20/11
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Justin M. Hall: Thanks L-Way. I genuinely try to help other investiors in return for their trust and business on my site, http://bit.ly/bxkxgm.
9/20/11
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Justin M. Hall: Not to sound like a commerical. But I'm just trying to get others to hear me. Those on my site are achieving some very good results.
9/20/11
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AGA PowerShares DB Agriculture Double Short ETN

AGA

PowerShares DB Agriculture Double Short ETN