Teucrium Wheat Fund (WEAT)
Is The Rally in Wheat ETF Overdone?
Wheat-based Teucrium Wheat Fund WEAT has jumped 9.9% over the past month and has added 6.1% over the past week. So far this year, the fund is up about 25%.
USDA Reduces Outlook for U.S. Wheat Production
The USDA lowered its outlook for U.S. wheat production in 2026 to 1.56 billion bushels, more of a cut than expected by surveyed analysts.
Two Factors Will Decide if WEAT's 2026 Rally Continues or Collapses
Wheat futures have become a weather forecast obsession. The commodity declined 18% over the past year on ample global supplies, but WEAT has rebounded nearly 5% this year as spring weather uncertainty creates supply concerns for production forecasts.
WEAT: A Poor Performance, But The ETF Could Offer Value One Day
Wheat prices remain in a bearish trend due to ample global supplies, higher U.S. stocks, and weak consumer hedging demand. The May WASDE report projects increased U.S. and global wheat inventories, pressuring prices and lowering the USDA's price forecast. Weather and geopolitical risks, especially in Russia and Ukraine, are key wildcards that could trigger price volatility or limit further downside.
Teucrium Launches Actively Managed ETF Focused on Growth
Today, Teucrium launched the Relative Strength Managed Volatility Strategy ETF (RSMV). RSMV is an actively managed fund that looks to generate long-term capital appreciation for its investors.
Warmer-Than-Expected India Winter Could Affect Wheat
India could see a warmer winter ahead, potentially putting wheat yields in jeopardy. The prospect of lower production could give prices a much-needed jump start to an uptrend.
Teucrium Debuts New Leveraged ETFs for Corn & Wheat
On Friday, Teucrium launched two new commodity-focused ETFs. These two new funds offer leveraged exposure to the performance of agricultural commodities.
Harsh Weather Conditions Continue to Test Wheat Prices
Wheat prices spiked near the end of May, but have since fallen to a year-to-date loss of 8.65%. However, prices could get a bullish spark especially if global weather conditions continue to deteriorate.
WEAT: Prices Could Have Found A Bottom
Wheat prices are highly sensitive to geopolitical events, with the ongoing Ukraine conflict posing potential supply concerns that could lift prices in 2025 and beyond. Despite a bearish trend since the 2022 record high, recent patterns suggest a potential short-term bottom in CBOT wheat prices. The KCBT-CBOT wheat spread indicates abundant supplies, reducing consumer supply concerns and contributing to the bearish outlook for wheat prices.
Wheat Prices Face Pressure From Various Parts of the Globe
Bullish wheat traders are feeling the pinch from all parts of the globe. That's because various producers and consumers could affect how prices will look for the commodity in the second half of 2024.
Russia Could Put Wheat Market in Vice Grip as Prices Rise
Since Russia's invasion of Ukraine in early 2022, wheat prices hit an apex before falling back down to earth. As a top global producer, Russia is now looking to put a vice grip on the market.
Wheat futures rise toward highest finish since August
Wheat futures climbed Friday, with prices on track for their highest finish since August as cold weather looked to threaten production in Russia, which is among the world's largest producers of the crop.
The Case for Bullish Wheat Prices Continues to Build
Prospective investors looking for alternative assets for diversification may want to consider wheat prices as the bullish case for the commodity continues to build. That's especially the case when taking into account the current geopolitical landscape as well as the typical weather concerns.
Grain Futures Markets Are Short: WEAT, Other Grain ETFs Remain In Buy Zone
USDA's April WASDE report maintains high South American corn and soybean production levels, contrary to private analysts' expectations. Bearish trends in corn and soybean prices continue, presenting a potential opportunity for counter-trend long risk positions. Wheat prices remain under pressure, with global wheat stocks forecasted to be the lowest since 2015/2016.
Two Measures of Inflation: February 2024
The BEA's core Personal Consumption Expenditures (PCE) Price Index for February shows that core inflation continues to be above the Federal Reserve's 2% long-term target at 2.8%. The February core Consumer Price Index (CPI) release was higher, at 3.8%.
Wheat Stays Resilient Despite China's Order Cancellations
Even though the broader picture reveals a downtrend since Russia's invasion of Ukraine in 2022, wheat prices are staying resilient amid more headwinds. China recently canceled orders on that grain exported from the U.S. in what appears to be a cost-cutting effort.
Two Measures of Inflation: January 2024
The BEA's core Personal Consumption Expenditures (PCE) Price Index for January shows that core inflation continues to be above the Federal Reserve's 2% long-term target at 2.8%. The January core Consumer Price Index (CPI) release was higher, at 3.8%.
WEAT: Poor Performance In 2023 And The Prospects For 2024
CBOT soft red winter wheat prices reached a record high in March 2022 due to the war in Ukraine. Wheat prices have since declined, but the potential for a rally in 2024 is increasing. Factors such as the ongoing war, low prices, crop uncertainty, population growth, and supply-demand deficit support the bullish case for wheat prices in 2024.
Two Measures of Inflation: November 2023
The BEA's core Personal Consumption Expenditures (PCE) Price Index for November shows that core inflation continues to be above the Federal Reserve's 2% long-term target at 3.2%. The November core Consumer Price Index (CPI) release was higher, at 4.0%.
Wheat futures poised for first daily loss in 9 sessions as USDA lifts global production forecast
Wheat futures declined on Friday, eyeing their first daily loss in nine sessions, while soybean futures traded lower after a monthly supply-and-demand report from the U.S. Department of Agriculture.