Opinions
Jim McGovern
iPath DJ-AIG Grains Index
JJG-N
PAST TOP PICK
Feb 09, 2017
$29.960
Stock price when the opinion was issued
E.T.F.'s
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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.
E.T.F.'s
PAST TOP PICK
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(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.