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PowerShares DB Agriculture ETF (DBA)

  • 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)
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  • 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.
  • 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).
  • 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.
  • 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.
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  • 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.
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  • 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.
  • 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.
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  • 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.
  • May 6, 2011, 5:25 PM
    If the commodities bubble really is popping, that may not change the forecast for food - as grain traders are watching weather instead of tickers, and fundamental investors may see agriculture as "the odd one out, the attractive one in the bunch."
  • May 3, 2011, 3:34 PM
    Russian farmers are moving wheat to ports, hoping to cash in quickly should the government lift the export ban this summer. In India, the USDA is predicting a big crop will allow that country to allow exports for the 1st time in 5 years. Analysts don't expect the additional supply to ease the tight condition of world stocks. JJG +49.0% Y/Y.
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  • Apr. 28, 2011, 4:29 PM
    Today's sell-off in grains may mean little, but longer term action in the fertilizer names - often leading indicators - could bode ill for the agriculture sector, says Robert Sinn. The recent move in cotton shows "what can happen when gravity grabs hold of a (hot) commodity."
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  • Apr. 28, 2011, 2:56 PM
    "There are some scary things going on in Texas," says climatologist Brian Fuchs as the worst drought in decades intensifies. Major wheat crop losses are forecast and, with no grass growing, ranchers are being forced to move cattle to feedlots - easing beef prices, but likely to lead to higher prices in the future as herds get smaller.
  • Apr. 11, 2011, 10:58 AM
    Record corn and cotton prices have farmers switching to those 2 crops at the expense of soybeans. However, a massive increase in China's livestock and fish farming industries means just the increase in bean imports will consume the entirety of Iowa's crop in 4 years. Even record yields will only maintain "razor-thin" stocks.
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  • Apr. 9, 2011, 4:09 PM
    "Get ready for a (price) roller-coaster ride, says Mosaic (MOS) CEO Prokopanco, noting we've consumed more grain than produced for most of the last decade, even with record production. Remembering times in his career when he thought he should get into banking, Prokopanco gets his Jim Rogers on, boasting, "agriculture is becoming a more glamorous business."
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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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