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Corn ETF Continues Mind-Boggling Rally

By: ETFdb
In recent months one of the most impressive performances from the commodity ETF space has come from one of the latest additions to the lineup. Since hitting the market in early June, the Teucrium Corn Fund (CORN) has gained more than 30%, riding an unexpected rally in one of the world’s most important agricultural commodities. The latest step higher came on Friday, when corn prices surged once again–this time on worries that the U.S. harvest will come in well below initial estimates. As yield statistics flow in from farms in the Midwest, many farmers are reporting that the corn haul is lower than last year. The U.S. Department of Agriculture recently cut its official projection for the 2010 harvest, and many analysts expect that farms across the country will produce an average of 160 bushels of corn per acre–or perhaps even lower. “Although a loss of five bushels an acre [...] Click here to read the original article on ETFdb.com. Related Stories: Friday’s ETF To Watch: Corn ETF (CORN) Singapore ETF (EWS) Surges On Mind-Boggling GDP Growth What Record Trading Day Means For The Corn ETF
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