Yesterday (6/9/10) brought a new ETF-like instrument, Teucrium Corn Fund, with the memorable ticker symbol CORN.  I say “ETF-like” because CORN, like nearly all futures-based exchange-traded products, is actually structured as a “commodity pool”.  CORN is essentially a way to repackage corn futures so they can be traded as securities on the NYSE Arca Exchange.   Fund assets are allocated into three different corn futures contracts and should, more or less, reflect movements in the price of corn.  Why should we care about corn?  Aside from corn’s many and varied uses in human and animal food products, it is used in the production of ethanol fuels.  The U.S. now has 140 facilities that produce more than 8 billion gallons of ethanol each year.  Corn is one of the primary ingredients.  Most vehicles…