| After a rough patch in the last six months thanks to a stronger dollar and accelerated crop plantation on a favorable weather outlook, corn ETFs seem to now heave a sigh of relief. This is important since corn is one of the most important U.S. crops, and is the most important agricultural product in many states. And overall, the nation enjoys the status of the world’s largest exporter of the staple. U.S. farmers are experiencing an unparalleled corn inventory this year thanks to ideal weather conditions for corn harvests.
On the other hand, anemic growth in the global economy and lingering concerns over macro uncertainty has dragged down overall agricultural consumption so far this year, hurting corn export sales. A cut in Chinese corn imports brought its share of troubles. And the most important deterrent – a stronger U.S. dollar – is making exports expensive, posing threats to this staple futures. .......................................Full Article: Source
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