With drought priced in, is it time to short grain and soybean ETFs?
The exchange-traded funds for corn, Teucrium Corn (CORN, quote), and soybeans, Tecucrium Soybean (SOYB, quote), are both trading near year highs due to the drought in the Midwest farm belt of the United States. As the United States produces about 40% of the world’s corn, this has driven the price upward to record levels.
