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Corn ETF Surges: Behind A Blockbuster Friday For Commodity ETFs

By: ETFdb
Thanks largely to continued weakness in the dollar, many investors in exchange-traded commodity products have realized huge gains in recent weeks. The sliding greenback, which is near record lows against many of its main rivals, has made commodities priced in dollars more affordable to international investors, which has in turn boosted prices. In addition, concerns over supplies in certain markets have added further upward pressure. While concerns about inflation and further quantitative easing have boosted gold to record highs, precious metals haven’t been the only resources on a hot streak; many agricultural commodities have been soaring as well over the past few weeks. While sugar and coffee both experienced amazing gains in Friday trading, their surges paled in comparison to the Teucrium Corn Fund (CORN). The fund surged by an unbelievable 14.6% on volume that was close to 10 times the average daily amount. The rally was driven by an escalation [...] Click here to read the original article on ETFdb.com. Related Stories: Friday’s ETF To Watch: Corn ETF (CORN) What Record Trading Day Means For The Corn ETF Corn ETF Continues Mind-Boggling Rally
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