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USAG - 2 Issues Favor The Upside In Corn - Is That Enough?
United States Agriculture Index Fund ETV
The United States is the world's leading producer and exporter of corn. The agricultural commodity has a dual role as it is a product that feeds people all over the globe. In the US, the abundance of corn each year makes it the primary input in the production of ethanol, a biofuel. Decades ago, the ethanol mandate required a blend of both gasoline and ethanol of 10% to power automobiles. The mandate serves a dual purpose as it provides support for farmers who produce the crops, and it reduced US dependence on foreign crude oil