01.07.2015 - 3 Agricultural ETFs Rising on Wet Weather
After a rough patch over the last six months thanks to a stronger dollar and accelerated crop plantation on a favorable weather outlook, agricultural ETFs seem to have turned the corner. Last week was great for the beaten down agro-based commodities, as worries over wet weather in America's key growing belts led traders to bet on the contracts of several agricultural commodities. Almost all agro-based commodities added gains last week (as of June 26, 2015) and are likely to see more surges in the short term. Fears that led to this spike revolved around weather in the key grains growing states in the Midwest. Existing wet and cold weather and predictions for more rains are causing delay in the planting of this year's crops by farmers...............................................Full Article: Source
Print