Quote & Headlines
5d 1m 3m 1y 5y 10y
There are no Focus articles on GRU.
To learn more about Seeking Alpha PRO, click here.
There are no Transcripts on GRU.
GRU vs. ETF Alternatives
MLCX Grains ELEMENTS Exchange- Traded Notes (ETNs) are intended to provide investors with exposure to the grains sector of the global commodity market. The performance of MLCX Grains ELEMENTS ETNs is linked to the MLCX Grains Index – Total Return (MLCX Grains Index).
See more details on sponsor's website
See more details on sponsor's website
Saturday, Oct 58:25 AMGovernment shutdown could send ag markets into turmoil
Saturday, Oct 58:25 AM| 9 Comments
- The U.S. government shutdown and the resulting lack of official statistics are prompting traders to shun agricultural commodities due to concerns about the vacuum of information and fears of a data dump that will hit markets hard when the shutdown ends.
- Likely to fall victim to the shutdown is the USDA's monthly Wasde crop production report, set for Oct. 11, which affects prices of grains and other agricultural commodities around the world.
- Analysts say concerns over a delay could lead to additional short-covering as speculative shorts look to take risk off the table; once the USDA resumes operations, a torrent of backlogged data could trigger a highly volatile reaction.
- ETFs: MOO, CROP, PAGG, VEGI, JJG, GRU, CORN, WEAT, SOYB, COW, UBC, JJA, RJA, AGF, DBA, FUD, UAG, DAG, AGA, ADZ, JJS, TAGS, USAG, RGRA.
Monday, Sep 303:49 PMCorn slides to 3-year low after bearish stocks data
Monday, Sep 303:49 PM| 2 Comments
- 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.
Thursday, Sep 121:07 PMCorn slides as USDA ups production and ending stocks
Thursday, Sep 121:07 PM| Comment!
- 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.
Monday, Aug 268:05 AMIs drought back? Grains rally
Monday, Aug 268:05 AM| 1 Comment
- Soybeans lead big gains in the grains after the Pro Farmer tour suggests a harvest lower than the USDA prediction and DTN forecasts more hot, dry weather in the Midwest for the next 7-10 days.
- November beans +3.9%, December corn +3.6%, December wheat +1.5%.
- "The market's increasingly getting a bit nervous about the soybean crop," says an agricultural economist with ANZ.
- ETFs of interest: CORN, SOYB, WEAT. JJG, GRU.
Monday, Aug 1212:26 PMGrains spike on new USDA estimates
Monday, Aug 1212:26 PM| 4 Comments
- The grain pits party after the USDA lowers its corn production estimate to 13.76B bushels - still a whopper of a number, but off from 13.95B in July. Ending stocks are cut to 1.837B bushels.
- Bean production is cut to 3.255B bushels from 3.42B as acres planted are cut 500K and yield is lowered to 1.9 bushels/acre.
- No change is made to the wheat production estimate, but 25M bushels of extra exports cuts ending stocks by the same amount.
- December corn erases a sizable early loss, now up $0.15 to $4.69/bushel. CORN +1.5%.
- SOYB +3.4%, WEAT +0.3%.
- Grain ETFs: JJG +1.8%, GRU +2.5%.
- Other related: JJA, RJA, AGF, DBA, FUD, UAG, DAG, AGA, ADZ, JJS, TAGS, USAG, RGRA.
Friday, Sep 212012, 5:41 AMRussian Economy Minister Andrei Belousov warns that the country may restrict grain exports - as it did in 2010 - if domestic prices increase too sharply. The government had previously said it wouldn't limit exports despite a drought that will cause output to fall to an estimated 72M-73M metric tons from a record 94.2M tons last year. |Friday, Sep 212012, 5:41 AM| Comment!
Thursday, Jul 122012, 12:23 PMIn response to the USDA's reduced corn crop forecast, Barclays is raising its price forecasts for corn, soy, wheat, and other soft commodities. That's helping some agriculture ETFs rally on a down day. CORN +2.8%. WEAT +2.1%. SOYB +0.8%. JJG +2%. GRU +2.1%. JJA +1%. |Thursday, Jul 122012, 12:23 PM| Comment!
Friday, Apr 272012, 4:49 PMCorn prices jump 4.6% after the U.S. reports the sixth-largest export sale ever for the grain, which analysts believe is headed for China. The sale coincides with expectations of a large Chinese purchase, but it renews concerns that Chinese demand could stretch already-tight U.S. inventories, pushing prices above their recent trading range. |Friday, Apr 272012, 4:49 PM| Comment!
Tuesday, Apr 102012, 8:50 AM
Tuesday, Apr 102012, 8:44 AMThe 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. |Tuesday, Apr 102012, 8:44 AM| 1 Comment
Monday, Apr 92012, 3:51 PMThe USDA is expected to report tomorrow expected corn stockpiles at summer's end will be 37% below last year, and possibly the lowest level ever relative to usage. "There will be no relief for consumers until later this year," says an ag economist, and that's only if high prices (and good weather) lead to a bumper crop. MOS -7% in the past month? What gives? |Monday, Apr 92012, 3:51 PM| 8 Comments
Monday, Apr 22012, 12:10 PMFarmers are expanding plantings into previously off-limit conservation lands as high prices make crops more profitable than re-upping with the Conservation Reserve Program. The idled land will take years of investment, plowing, and fertilizer application before becoming productive enough to be profitable again. |Monday, Apr 22012, 12:10 PM| 4 Comments
Thursday, Mar 82012, 1:24 PMGlobal wheat production is expected to be 690M tons, according to the U.N's FAO, a bit less than last year, but still the 2nd highest amount on record. Good gains in India are likely to see East Asia matching last year's record level, and even drought in Argentina and Brazil is being offset by increased plantings. |Thursday, Mar 82012, 1:24 PM| Comment!
Friday, Feb 172012, 1:27 PMSoybean merchants sold 2.923M metric tons of product to China today, the biggest one-day amount on record. Not surprisingly, the sales occurred amidst China's putative next leader Xi Jinping's visit to Iowa. Beans continue a nice run, +1.1% today, up about 10% in the last month. |Friday, Feb 172012, 1:27 PM| Comment!
Friday, Feb 172012, 7:53 AM
Thursday, Feb 92012, 6:49 AMWorld food prices rose 1.9% in January to record their largest gain in 11 months, according to the United Nation's Food and Agriculture Organization main gauge. Prices of all the commodity groups that make up the FAO's index registered gains, with oils, cereals, and sugar making the largest jump. |Thursday, Feb 92012, 6:49 AM| Comment!
- View all 5 replies
Dr. Kris:: ...but if you're holding these in an IRA, the tax consequences are less of a problem.
- View all 3 replies
Hillbilly Stock Star:: Watch rice to Thai's don't know where to put it.
Hillbilly Stock Star:: Getting any new leggings Doc?