Commodity ETFs Mostly Higher, Led by Agriculture (MOO, DBA)
Agriculture ETFs were strong performers in the commodity sector, along with copper and energy.
Broad-Based Commodities ETF Update:
PowerShares DB Commodity Index Tracking Fund ETF (NYSEARCA:DBC): +0.00%, This ETF is a broad-based commodities ETF which directly tracks the DBIQ Optimum Yield Diversified Commodity Index Excess Return. The DBIQ Optimum Yield Diversified Commodity Index Excess Return represents the 14 most heavily traded commodities worldwide, including light crude oil, brent crude oil, gold, aluminum, and corn.
The iPath Dow Jones-UBS Commodity Index Total Return ETN (NYSEARCA:DJP): +0.12%, This is a broad-based commodities ETN which directly tracks the performance of the Dow Jones –UBX Commodity Index Total Return. The Dow Jones-UBX Commodity Index Total Return tracks 19 basic commodities including crude oil, gold, corn, copper, and natural gas.
Agriculture Commodities ETF Update:
PowerShares DB Agriculture Fund ETF (NYSEARCA:DBA): +0.4%, This ETF is an agricultural commodity based ETF which tracks the performance of the DBIQ Diversified Agriculture Index Excess Return. The DBIQ Diversified Agriculture Index Excess Return reflects the performance of the world’s most sought after agriculture commodities including corn, soybeans, sugar, and cocoa.
Market Vectors Agribusiness ETF (NYSEARCA:MOO): +1.27%, This ETF is an agricultural ETF which directly tracks the DAXglobal Agribusiness Index (DXAG). The DXAG Index reflects the performance of agriculture companies which are traded on global exchanges; companies include Monsanto Company, Wilmar International LTD, and Deer & Co.
Copper ETF Update:
Copper Spot Price: $3.83/LB, -0.05%
Dow Jones-UBS Copper Subindex Total Return ETN (NYSEARCA:JJC): +0.04%, This is a Copper ETN which directly tracks the performance of Copper Futures Contracts within the Dow Jones-UBS Commodity Index Total Return. The Dow Jones-UBS Commodity Index Total Return holds futures contracts for copper specifically, thus this ETN tracks a Subindex related to copper of the Dow Jones –UBS Commodity Index Total Return. The Dow Jones-UBS Copper Subindex Total Return ETN (NYSEARCA:JJC) tracks the performance of Copper High Grade Futures Contracts traded on the COMEX.
Bottom Line: Copper and energy ETFs rose today, along with agriculture as the commodity complex was largely supported by positive economic reports from the U.S. and China. On a technical basis, the commodity complex remains in bullish conditions.
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