Teucrium Soybean Fund

SOYB tracks an index of soybean futures contracts. It reflects the performance of soybeans by holding Chicago Board of Trade soybean futures contracts with three different expiration dates.

Teucrium Sugar Fund

Teucrium Corn Fund

Teucrium Agricultural Fund

Teucrium Wheat Fund

Every financial trade has a party and a counterparty on the opposite end of the spectrum. In the case of agricultural commodities, hedge funds and farmers find themselves on opposing sides.

Hedge Funds, Farmers on Opposite Sides of Commodity Prices

After spiking last summer, agricultural commodities have been under pressure. Despite the downtrend, however, the Teucrium Agricultural Fund (TAGS) has been able to outperform major agricultural commodities indexes.

Despite Downtrend, This ETF Is Ahead of Commodities Indexes

Agricultural commodities have largely trended lower as evidenced by the S&P GSCI Agriculture Index, which is down almost 20% the past year. Despite this, long-term expectations for producers remain on the positive side, potentially signaling to prospective ag commodities investors that the current weakness will be temporary.

Long-Term Expectations for Ag Commodities Remain Positive

Corn and soybean prices have declined on the back of excess supplies, with disappointing U.S. mandates for plant-based renewable fuels contributing to weakness — and pulling prices for both down by roughly 8% in the first few weeks of the year.

Corn and soybean prices drop 8% to begin 2024 — and the EPA is partly to blame

When it comes to corn and soybeans, Bolivia and especially Brazil are top producers globally. The governments of both countries agreed to a Memorandum of Understanding that focuses on expanding cooperation in biofuels, biotechnology, and fertilizer trade.

Bolivia-Brazil Biofuels Agreement Could Bolster Corn, Soybeans

The increased use of biofuels should generate bullish vibes for agricultural commodities investors. More recently, plans for a biofuel plant in California should help spur more investors to look at ag commodities more closely.

New California Biofuels Plant Spurs Soybean Prices Higher

The increased use of biofuels as an alternative energy source should help prop up agricultural commodities like corn. As such, the U.S. Department of Agriculture is forecasting an increased use of corn in ethanol for 2023-2024.

Corn Use in Ethanol Expected to Rise, According to USDA

An Agrinews report noted an increased supply of corn and soybeans due to better crop production in 2023 by U.S. farmers. This could potentially put an even heavier lid on rising corn and soybean prices as 2024 is underway.

Decent U.S. Crop Production Puts Pressure on Corn, Soybeans Prices

Global food prices fell in 2023, although sugar hit record highs thanks to harsh weather conditions in certain producer countries. The dip in overall agricultural commodities could present investors with an opportunity to get exposure at value-oriented prices.

Global Food Prices Fell in 2023, But Sugar Hit Record Highs

2023 applied a lot of downward pressure on agricultural commodities as factors crimping supply were eased throughout the year. However, prices could get bullish again if 2024 brings supply shocks and more food inflation.

2024 Supply Shocks, Food Inflation Could Elevate Ag Commodities

The capital markets are brimming with optimism heading into 2024. Still, volatility and market uncertainty warrant the use of alternative assets to balance a portfolio, such as agricultural commodities.

Temper 2024 Volatility With Agricultural Commodities

The global demand for alternative energy sources can help boost soybean prices in 2024, especially when it comes to increased use of soy-based biofuels. A recent Reuters report noted that U.S. farmers, in particular, could be planting more soybeans in the new year, which can help balance the effects of potentially more harsh weather.

Demand for Biofuels Could Boost Soybean Prices in 2024

Wheat futures headed lower Friday, set for their first daily loss in nine sessions, while soybean futures inched lower after a monthly supply and demand report from the U.S. Department of Agriculture. The government agency raised its forecast for global wheat production by about 1 million metric tons to 783.01 million for the 2023/2024 marketing year.

Wheat, soybean futures decline after USDA data

According to a Famer's Advance report, the next year should be challenging for the biggest players in the soybean market. Nonetheless, Brazil is forecast to come out on top when all is said and done.

Despite Challenges, Brazil Should Top Soybean Exports Next Year

Harsh weather from El Nino has been negatively affecting crop yields for much of the year, but 2024 should bring an improved outlook, according to the November Ag Economists' Monthly Monitor that surveys 20 agricultural economists domestically.

Agricultural Economists Upbeat for 2024 Commodities Outlook

Different parts of the world have been dealing with harsh weather challenges presented by El Niño this year. Nonetheless, soybean sales were still able to reach a yearly high while wheat stays afloat thanks to demand from China.

China's Appetite for Grains Keeps Soybean, Wheat Demand Afloat

Severe climate conditions constraining supply of certain agricultural commodities weren't enough to push food prices higher through the month of October. That's according to data from the United Nations.

World Food Price Index Falls in October Along With Commodities

Soybean prices have been staying steady as the 2023 harvest starts coming to a close. Continued demand from China should help keep prices afloat, while Brazil prays for rain.

Soybean Prices Stay Steady as 2023 Harvest Comes to a Close

Both corn and soybean prices have been feeling downward pressure all year, leaving little room for error when it comes to crop yield, as one crops expert noted in a Farm Ranch Guide report. Despite harsh weather conditions that have been affecting crops globally, there are regional variances when it comes to yield.

Crops Expert Sees Low Margin for Error on Soybeans, Corn

Argentina's drought is putting pressure on soybean and wheat prices. Further cuts in supply should help keep prices afloat for both commodities.

Argentina Drought Should Keep Wheat, Soybean Prices Afloat

Stronger-than-expected supply should continue to push corn and soybean prices lower. This may put these commodities in an area of value for traders.

Stronger-Than-Expected Supply Pushing Corn, Soybean Lower

Russia, a top exporter in wheat, is coming off a bumper harvest, which should inject a healthy supply that could put downward pressure on prices. It's welcome news for consumers, but traders may want to watch prices closely as they continue to trend downward.

Wheat Prices See More Downward Pressure After Bumper Harvest

High food prices aren't relenting and harsh weather conditions should continue to keep them elevated. This could spell opportunities in agricultural commodities.

Harsh Weather Is Keeping Food Prices Elevated

Drought has been plaguing the country of India this year, putting upward price pressure on agricultural commodities like sugar, corn, and soybeans. It's not just a lack of rain that's been an issue.

Drought in India Could Push These Commodities ETFs Higher

In addition to re-injecting growth into its economy, China is looking to bolster its food security after harsh weather conditions hit key crops like wheat. The second-largest economy had bright prospects heading into 2023 but still deals with a spate of issues hampering economic growth, such as the after-effects of a real estate development crisis.

News for Teucrium Soybean Fund ETF (SOYB)