Sal Gilbertie, president and chief investment officer of Teucrium Trading, LLC (Teucrium) (
), the sponsor of a family of second-generation single agricultural and energy commodity Exchange Traded Products (“ETPs”) will ring the New York Stock Exchange Opening Bell on Tuesday, October 18, 2011, at 9:30 a.m. The bell ringing will celebrate the firm’s recent launch of three single commodity agricultural ETPs – the Teucrium Soybean Fund (NYSE: SOYB); the Teucrium Sugar Fund (NYSE: CANE); and the Teucrium Wheat Fund (NYSE: WEAT). Gilbertie will be joined by other Teucrium Trading executives including, Dale Riker, chief executive officer, Barbara Riker, chief financial officer, and Carl N. Miller III, a founding shareholder and principal.
The funds, which trade on the New York Stock Exchange Arca, join Teucrium's family of single commodity ETPs, including, the Teucrium Corn Fund (NYSE: CORN) – the nation’s first pure play agriculture fund – the Teucrium Natural Gas Fund (NYSE: NAGS), and the Teucrium WTI Crude Oil Fund (NYSE: CRUD).
“It’s quite an honor to participate in such a long-standing tradition of the NYSE,” Gilbertie commented. “Ringing the Opening Bell is a privilege and we could not be more thrilled to participate in celebration of the successful launch of our new, next generation single commodity exchange traded products.”
Gilbertie said the funds have been designed to appeal to a broad spectrum of investors, including, institutional investors, hedge funds, registered investment advisors (RIAs) and individual investors who want exposure to agricultural commodities without having to trade futures.
“Burgeoning growth in the global middle class has increased demand for seasonally finite agricultural commodities,” Gilbertie, said, “and has resulted in increased appetite for investing in this very important asset class. Our funds are designed to allow investors to capitalize on that demand in a liquid, transparent and easily understood investment vehicle.”