JJA News and Press, iPathA Series B Bloomberg Agriculture Subindex Total Return ETN From 11/01/21

The September USDA World Agricultural Supply Demand Survey, known as the September WASDE, is widely considered to provide benchmark predictions for the report’s respective crop year. U.S. farmers and ag market participants look to the report to guide major decisions about when ...

The September Prices Received Index 2011 Base, at 108.6, -0.6% from August 2021, but +22.0% from September 2020. The crop production index -1.5% M/M to 108.2; the livestock index was flat at 109.0. Food grains +6.7% M/M and +43.0% Y/Y. Feed grains -13.0% M/M and +57.0% Y/Y...

U.S. farmers are facing their second harvest season during the COVID-19 pandemic and this year brings additional uncertainty. To help farmers and food workers, USDA plans to invest $700 million in grants to provide relief to those affected. Producers are using the short-dated new-...

The August Prices Received Index 2011 Base, at 109.4, +2.3% from July 2021, but +26.0% from August 2020. The crop production index +2.9% M/M to 109.8; the livestock index was +1.7% at 109.0. Food grains +13.0% M/M and +44.0% Y/Y. Feed grains +2.9% M/M and +94.0% Y/Y. Oilseeds -...

Exchange-traded funds, or ETFs, are sometimes punted as an alternative to direct investments on metals exchanges, like the LME or CME. But as a recent article in the Financial Times suggests, ETF investors are facing a similar question to trade or hedge fund speculators in estimating ...

Following the economic disruption of the COVID-19 pandemic and the unprecedented stimulus response, supply bottlenecks and a rebound in demand have been a feature of 2021. We observe that a diversified portfolio approach has had the highest correlation to upside inflation and the leas...

After the pandemic’s initial spending splurge, the bill is due, and global growth is mean-reverting again. Treasury yields are confirming the disinflationary ride as we thought that they should. Similar trends are unfolding in the great hot north, with Canadian government b...

The Invesco DB Agriculture ETF’s price has gained 19% in 2021 because of food inflation. Currently, the fund does not pay any dividend and therefore seems designed for growth investors. The USDA (U.S. Department of Agriculture) estimates that prices of agricultural commodit...

The June Prices Received Index 2011 Base, at 107.3, +0.9% from May 2021 and +22.0% from June 2020. The crop production index +1.4% M/M to 107.1; the livestock index was +0.7% at 107.6. Food grains -6.6% M/M and +28.0% Y/Y. Feed grains +1.3% M/M and +88.0% Y/Y. Oilseeds -1.8% M/M and...

As we mark the halfway point of the year, the economy is in full recovery mode and asset prices are soaring. As we enter the second half of the year though, it is hard to ignore some contradictions. Economic growth in H1 is going to print a big number, and yet, the 10-year Treasury no...