U.S. Grains Fall as Russia-Ukraine, Winter Weather Fears Subside
NEW YORK ( TheStreet) -- U.S. grain commodities fall to yearly lows as favorable weather conditions and lessening conflict in Ukraine will likely lead to more supply in 2014.
As seen in the chart below, commodity exchange traded funds Teucrium Wheat Fund
(WEAT), Teucrium Corn Fund
(CORN), and Teucrium Soybean Fund
(SOYB) are currently trading near their lows on the year.
WEAT data by YCharts
Over the past month, up to six times the normal amount of precipitation fell in parts of Iowa and Illinois, where the largest U.S. growers of corn and soybeans reside.
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