Jim McGovern iPath DJ-AIG Grains Index JJG-N TOP PICK Jun 28, 2016

These type of investments are very good diversifiers. This is composed of 3 different agricultural commodities, wheat, corn and soybeans. Soybeans has been the big driver, principally because there is a shortage in Brazil. Wheat is kind of finished, but corn is kind of interesting because we have this kind of El Niño affect coming down the pipe now, creating super hot and super dry in the US. Wouldn’t make it a big position in your portfolio.

Jim McGovern

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COMMENT

A grains Index consisting of corn, wheat and soybeans. More speculative for the more aggressive investor.

TOP PICK

This is an agricultural pick. Consists of soybeans, corn and wheat. Those are 3 commodities that are going to go significantly higher and will give some inflationary offsets. With this, you are buying a Barclays note with the proceeds invested in the 3 commodities.

PAST TOP PICK

(A Top Pick June 28/16. Down 14.98%.) This was to introduce grains or agricultural commodities into a portfolio, a bet on soybean prices continuing to going up. He cut his position in half. Food stuffs are starting to look very underpriced, especially against financial assets.

PAST TOP PICK

(A Top Pick June 28/16. Down 10.16%.) The grains market has been under pressure. He picked this because it had 3 principal commodities, soybeans, wheat and corn. The soybean part of the trade worked out well, but the corn and wheat not so much.

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Jim McGovern iPath DJ-AIG Grains Index JJG-N TOP PICK Jun 28, 2016

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