Corn futures traded at a 7-month high of $6.5 a bushel as tension on the Ukrainian border mount, threatening corn supply from suppliers of 20% of the world's corn — Russia and Ukraine. Meanwhile, the USDA sees global corn ending stocks at 302.2 million, down 0.9 million from last month’s estimations. While stocks in the Philippines are set to rise, Brazil and Paraguay are facing hot and dry conditions that are impacting the quality and quantity of crops.
Playing the Corn Crunch with ETFs available in America
A possible war could disrupt the global corn trade and lift corn prices as supplies dwindle. In America, investors can play the crisis with Teucrium Corn Fund (CORN). CORN provides investors with an easy way to gain exposure to the price of corn futures. The fund has a total expense ratio of 1.95% and trades on the NYSE Arca. Year-to-date, CORN has generated +9.0% in returns.
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