(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.
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.
iPath DJ-AIG Grains Index is a American stock, trading under the symbol JJG-N on the NYSE Arca (JJG). It is usually referred to as AMEX:JJG or JJG-N
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iPath DJ-AIG Grains Index was recommended as a Top Pick by on . Read the latest stock experts ratings for iPath DJ-AIG Grains Index.
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In the last year, there was no coverage of iPath DJ-AIG Grains Index published on Stockchase.
On 2023-06-08, iPath DJ-AIG Grains Index (JJG-N) stock closed at a price of $71.04.
(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.