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PowerShares DB Agriculture ETF (DBA)

- NYSEARCA
  • Aug. 1, 2012, 8:18 AM
    A revision to the mean type of guy for most of his career, Jeremy Grantham continues a Malthusian turn in his old age, warning of decades of food shortages (last year's warning focused on metals, but all of a sudden the world seems oversupplied with those). Being a breadbasket, the U.S. will not be affected too badly, but poorer importers will see trouble.
    | Aug. 1, 2012, 8:18 AM | 3 Comments
  • Jul. 24, 2012, 12:29 PM
    The grain rally falls off the tracks as both corn (down $0.40) and beans (down $0.70) are locked limit down at the CBOT.  At $7.74 bushel, corn is off 5% on the session. Wheat isn't yet limit down, but is off 6.3%. Smithfield (SFD) hurriedly revisits its decision. JJG -5.5%.
    | Jul. 24, 2012, 12:29 PM | 1 Comment
  • Jul. 19, 2012, 3:28 PM
    Interesting action in the Chicago pits today, where old crop (Sept) corn soared another $0.18 to a record $8.13, but new crop (Dec, March) fell, the spread between the two shooting higher late in the session. The divergence suggests at least some optimism for a reasonable crop to come in, no? CORN -2.3% as the action in the new crop months overwhelmed the record price move.
    | Jul. 19, 2012, 3:28 PM | 5 Comments
  • Jul. 17, 2012, 4:54 PM
    "I see no basis for limiting exports," says a senior Russian official, even as an analyst says poor weather could sharply cut the wheat harvest, and in turn, overseas sales. Russia's 2010 ban on wheat exports shocked consumers, setting off a near doubling in the price.
    | Jul. 17, 2012, 4:54 PM | 2 Comments
  • Jul. 17, 2012, 8:55 AM
    Some sentiment numbers for the contrarians to chew over: 81% of clients are bearish on the euro for the next 6 months, according to JPMorgan (euro chart). Corn bulls rise to 95%, according to Jake Bernstein's Daily Sentiment Index (corn chart). Bond bulls are at 87% (bond chart). (h/t Thomas Thornton)
    | Jul. 17, 2012, 8:55 AM | 2 Comments
  • Jul. 12, 2012, 1:01 PM
    The latest U.S. Drought Monitor isn't pretty, showing substantial declines in "abnormally dry" and "drought-moderate" areas and a commensurate jump in those areas labeled "drought-severe" and "drought extreme," with "drought exceptional" creeping in as well. Corn rebounds from yesterday's sell the news action following the USDA report, +3.9%.
    | Jul. 12, 2012, 1:01 PM | 3 Comments
  • Jul. 11, 2012, 12:01 PM
    Report buyers get burned as corn moves 1.3% lower on the day, a full $0.40 off the level hit in the minutes after the USDA confirmed what everyone has known for weeks - the harsh weather is hurting the crop. Beans and wheat remain higher, but also sharply off post-report levels.
    | Jul. 11, 2012, 12:01 PM | 12 Comments
  • Jul. 11, 2012, 8:48 AM
    Not totally unexpectedly, the USDA lowers its corn forecast 12% to 12.97B Bushels; the projected yield is cut 20 bushels/acre to 146 bushels, "reflecting the rapid decline in crop conditions since early June and the latest weather data." Corn prices surge in response.
    | Jul. 11, 2012, 8:48 AM | Comment!
  • Jul. 9, 2012, 10:42 AM
    A check of commodity performance (DBC) in H1 shows agricultural commodities (DBA) the top performer, despite steep falls in coffee (JO) and cotton (BAL), as the drought sends grains (JJG) soaring. Leading on the downside are the economically sensitive energy (JJE) and industrial metals (JJM) sectors.
    | Jul. 9, 2012, 10:42 AM | Comment!
  • Jul. 9, 2012, 10:34 AM
    Grains soar again as the heat wave breaks, but one forecaster says coming rain is expected to miss the areas most in need. The USDA's crop report for later today is expected to confirm deterioration of the crops. CORN +5.5%, JJG +4.8%, DBA +2.3%.
    | Jul. 9, 2012, 10:34 AM | Comment!
  • Jul. 5, 2012, 5:35 PM
    Hot, dry weather isn't only plaguing midwestern farmers, as drought conditions also have hit areas in Russia and around the Black Sea, prompting reductions in grain forecasts. Yet food prices have been falling in recent months, and analysts such as Cowen's Colin Guheen expect “benign” inflation in 2012-13; he says the risk is not great for select food companies such as SFD and SWY.
    | Jul. 5, 2012, 5:35 PM | 1 Comment
  • Jul. 5, 2012, 11:19 AM
    It's always a good idea to check the grains after July 4, and they're soaring again as no relief is in sight from the heat and drought. Adding fuel is the Ukraine, which lowered its corn crop estimate by 8% due to its own weather issues. A couple of headlines for the contrarians: "Corn is shining like gold," and "New dust bowl days on the horizon." CORN +2.5%, JJG +2.7%.
    | Jul. 5, 2012, 11:19 AM | 2 Comments
  • Jul. 3, 2012, 11:57 AM
    Ag sector stocks are trading strong on the heels of yesterday's USDA crop progress report that showed worsening conditions in corn and soybeans, citing hot and dry weather across the U.S. Also possibly helping is National Bank's upgrade (I, II) on shares of Potash (POT +2.1%) and Agrium (AGU +3.3%). Also: MOS +2.3%, CF +3.1%, IPI +3.5%.
    | Jul. 3, 2012, 11:57 AM | Comment!
  • Jun. 29, 2012, 12:49 PM
    "Sell, Mortimer sell!" It's raining on LaSalle Street. Corn gives up big early gains as rain hits the home of the CBOT - a possible break in the brutal drought covering a good portion of the Midwest. CORN +16.8% this month.
    | Jun. 29, 2012, 12:49 PM | 3 Comments
  • Jun. 29, 2012, 10:39 AM
    2012 corn planted is estimated at 96.4M acres, says the USDA, +5% Y/Y and the highest planted acreage since 1937. Soybeans are estimated at 76.1M acres, the 3rd highest on record. Though both figures are higher than trade expectations, planted acres are not the same as harvested acres, and the drought continues. Corn and beans are sharply higher in early trade.
    | Jun. 29, 2012, 10:39 AM | Comment!
  • Jun. 28, 2012, 2:50 PM
    Corn takes a breather from its big June run (up 27%), but a once-in-a-generation drought continues to bear down on the Midwest. A drought map shows the brutal conditions - originally centered on Indiana - making their way into Illinois and even Iowa.
    | Jun. 28, 2012, 2:50 PM | 2 Comments
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DBA Description
The PowerShares DB Agriculture Fund is based on the Deutsche Bank Liquid Commodity Index Diversified Agriculture Excess Return™ and managed by DB Commodity Services LLC. The Index is a rules-based index composed of futures contracts on some of the most liquid and widely traded agricultural commodities. The Index is intended to reflect the performance of the agricultural sector. You cannot invest directly in the Index. Ordinary brokerage commissions apply.
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