In the chart below I shared that I “don’t love grains, yet I like the breakout!” (see post here)
CLICK ON CHART TO ENLARGE
Grain chart (DBA) is updated below.
CLICK ON CHART TO ENLARGE
Grains have moved about 3% higher in the past 3 weeks. Not a big move, yet DBA is pushing away from resistance…. Move stops to $28 on this position!
Evander…Thanks you for this accurate information.
Recently they did change the allocation of this ETF and you are correct that I should not label it as a grain play.
DBA is an Agricultural ETF. It has only 37.5% of its assets in grains (Wheat, Corn, and Soybeans). The rest is spread among Cattle, Coffee, Cotton, Sugar, and Hogs. None of which is bad, but it is not fair to describe this ETF as a Grain play. There are two purely grain ETF/ETNs, JJG and GRU.