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ELEMENTS Rogers International Commodity Agriculture ETN (RJA)

- NYSEARCA
  • 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.
    | 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.
    | 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.
    | 2 Comments
  • Jun. 12, 2012, 2:30 AM
    Food may be the next commodities boom. A growing world population and changing food preferences in emerging economies could prompt a surge in demand for agricultural products, and a recent flurry of M&A activity in the agribusiness sector suggests commodity firms are trying to position themselves ahead of the possible boom.
    | Comment!
  • 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.
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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.
    | 4 Comments
  • Jul. 21, 2011, 7:22 AM
    The HSBC China flash PMI for July comes in at 48.9, showing contraction for the 1st time in a year, and the lowest reading in 28 months. Assets levered to hot Chinese growth - the Australian dollar and copper to name two - drop sharply on the news. Shanghai -1%.
    | 3 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.
    | 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 13, 2011, 10:05 AM
    A reversal in capital flows due to the end of QEII is likely to be the cause of the next leg down in commodities, argues UBS. Emerging markets, no longer needing to print domestic currency to sweep up dollars, will see a lending boom end. UBS is getting long greenbacks, long bonds, short commodities, short EM shares.
    | 6 Comments
  • 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."
    | 5 Comments
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RJA Description
This offering is designed to track the performance of the Rogers International Commodity Index – Agriculture Total Return, an index designed to provide investors with exposure to commodities in the agriculture sub-sector.
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