Drought is hammering much of the U.S. Corn Belt, and corn prices are shooting higher.
There’s an investment vehicle for people who want to bet that corn prices will continue to rise. The Teucrium CORN Fund doesn’t buy corn physically; rather, it tracks the price of corn by investing in futures contracts. When corn prices rise, CORN investors benefit. When corn prices fall, CORN investors suffer.
CORN isn’t a mutual fund. It trades like an ordinary stock and can be traded on the New York Stock Exchange through a brokerage account or professional financial adviser, according to the company’s website.
I can’t stress enough that CORN is only for sophisticated, well-heeled investors. If that description doesn’t fit you, stay clear.
The fund’s website is http://teucriumcornfund.com/.