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PowerShares DB Agriculture ETF (DBA)

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  • May 29, 2012, 3:01 PM
    How strong has the dollar rally been in May? The Bullish Dollar ETF (UUP) has had just 3 down days this month, notes John Spence. The move up has pushed the greenback to the verge of a technical breakout, writes Andrew Nyquist, suggesting we're near the end of a multi-year bottoming period for the currency. Commodity investors, take note.
    | 5 Comments
  • May 29, 2012, 8:31 AM
    Agricultural commodities are mostly up this morning, with the notable exception of wheat futures, which are -1.3% as rainfall in key grain-growing regions in Russia and Australia eased concerns over a possible disruption to global supplies. Soybean futures +0.7% on adverse weather conditions in the U.S. Midwest and Great Plains-region.
    | Comment!
  • Apr. 10, 2012, 8:50 AM
    One reason for the continued bullishness on corn is a 4.3M ton reduction in world ending stocks thanks to higher-than-expected feed use demand out of China. Higher incomes = higher demand for meat. (earlier USDA report)
    | 1 Comment
  • Apr. 10, 2012, 8:44 AM
    The USDA sees corn ending stocks unchanged from last month's estimate of 801M bushels. Soybean ending stocks are reduced to 250M bushels from 275M, wheat to 793M from 825M. It's a slightly bearish number for corn as consensus was looking for lower stocks, but owners of the grain don't appear to be in a mood to sell yet. Wheat and beans are indicated to open solidly higher.
    | 1 Comment
  • Mar. 23, 2012, 12:25 PM
    The USDA is maintaining its forecast for 2.5%-3.5% food inflation in 2012, following a 3.7% increase last year on account of growing emerging-markets demand and bad harvests. The 2012 forecast is in-line with the 2.8% increase averaged since 1990. (also)
    | 1 Comment
  • Feb. 7, 2012, 5:05 AM
    Farmers will this year sow corn, soybeans and wheat on 226.9M acres of land, up 2.5% from last year and the most since 1984, a Bloomberg survey predicts. Such growth would mean an expansion the size of New Jersey as farmers attempt to exploit the highest agricultural prices in four decades.
    | Comment!
  • Jan. 23, 2012, 11:05 AM
    With a global sense of re-flation appearing in equity and bond markets, noticeably lagging today is anything agriculture related (DBA, MOO). But agribusiness might come back strong, on a lagged response to the feeling that the end of the world isn't here after all, Europe has kicked the can down the road, and demand for food increases. Ag-flation anyone? (submitted by Michael Gayed)
    | 1 Comment
  • Dec. 29, 2011, 4:16 AM
    “If I were buying anything I’d be buying agricultural commodities,” says Jim Rogers. “I think ag will be a great place for the next 10-20 years." His play is commodities futures, or the ETFs that track them, and not ag stocks. He's short emerging markets, U.S. tech, European equities.
    | 4 Comments
  • Oct. 8, 2011, 7:21 PM
    Agriculture stocks have gotten beaten up this year, yet the bullish case - a growing, wealthier world population - remains, writes Jay Palmer. For broad exposure, there are ETFs MOO. PAGG, DBA, or companies like ADM and Bunge (BG). Equipment makers: Deere (DE), AGCO, CNH Global, Titan Int'l (TWI). Fertilizer firms: Mosaic (MOS), Potash (POT), CF Industries. Seed science: Monsanto (MON), Syngenta (SYT), Dupont (DD).
    | 4 Comments
  • Sep. 30, 2011, 11:35 AM
    Fertilizer stocks are hit after the USDA reports corn stockpiles are 150M bushels larger than expected. Mosaic (MOS -6.9%) shares hit a 52-week low; CF Industries (CF -7.3%) also slides. But chicken producers Sanderson Farms (SAFM +4.3%) and Tyson Foods (TSN +4.3%) gain, along with pork processor Smithfield (SFD +4%), benefiting from lower animal feed prices.
    | 7 Comments
  • May 27, 2011, 3:05 PM
    A decision is expected within days on whether Russia will lift its ban on grain exports. Deputy PM Zubkov, expecting a bumper crop, says "there is a large probability" the embargo will be lifted. Domestic traders have been accumulating cheap product in the hopes the ban will be lifted and they can sell it overseas at far higher prices.
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  • May 27, 2011, 12:16 PM
    After late-day profit taking on Thursday, corn futures are romping again, +1.0% as the window is closing for many farmers to get seed into the ground. Some farmers have given up on corn for this year, planning to switch to soybeans if fields don't dry out within days.
    | 1 Comment
  • May 20, 2011, 2:45 PM
    One of the world's 10 largest grain exporters, Ukraine will continue export restrictions into 2012. A cutoff in exports from Ukraine and Russia last year helped wheat to a near doubling in price. Morgan Williams of the U.S.-Ukraine Business Council calls it the "great grain robbery," saying farmers, forced to sell domestically at lower prices, will be the victims.
    | 1 Comment
  • May 19, 2011, 8:05 AM
    Wheat's march back towards early 2011 highs near $9/bushel is aided by ongoing drought in Europe, causing repeated cuts in production forecasts. With stocks of all grains near record lows, a weather event could trigger an explosive move this year. JJG +8.0% this week.
    | 6 Comments
  • May 18, 2011, 10:48 AM
    Commodities are green across the board, regaining some of their recent lost ground. Of particular note is copper, which jumps $0.14 in less than 24 hours, pulling Freeport McMoRan (FCX +3.5%) off of levels it hasn't seen since October.
    | 1 Comment
  • May 12, 2011, 3:08 PM
    If Goldman Sachs has it right, cattle operations and pig farmers should take advantage of the recent break in corn prices to pick up some feed. Analysts are skeptical of the USDA's prediction of expanded U.S. supplies, and with stocks ultra-tight, a weather event could send prices soaring.
    | 5 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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