Grain ETFs Surge As Russia Halts Wheat Exports

With equity markets surging as of late, commodities have been left on the back burner, an after-thought for most investors. However, recent events in both the sugar and wheat markets look to once again put commodity ETPs at the forefront of investors’ minds. While sugar is surging due to seasonality issues, wheat has been heavily impacted by weather issues in one of the world’s most important wheat-producing regions. One of the worst drought’s in Russia’s history has devastated the nation’s wheat output, forcing the government to take drastic measures in order to protect its food security and avoid becoming a net-importer of the staple crop. Earlier today, Russian Prime Minister Vladimir Putin told government officials that a temporary ban was needed on grain exports, with a spokesman later saying that it would come into force from August 15 and would apply to contracts that had been already signed [see the [...] Click here to read the original article on ETFdb.com. Related Stories: What’s Killing The Grain ETF (JJG)? Time To Short Grains ETFs? Time To Harvest The Grains ETFs?