NEW YORK ( TheStreet) -- ETFs focused on agricultural commodities were rising on Monday morning, as stocks paused for breath.

The UBS E-Tracs CMCI Agriculture TR ETN ( UAG), which tracks an index consisting of 12 agriculture futures contracts, was up 6.5%. A sister ETF, UBS E Tracs Food ETN ( FUD) was gaining 3.5%, while the iPath DJ-UBS Cotton TR ETN ( BAL) was rising 2%.

Agricultural commodities are in demand as weather-related supply disturbances have sent prices of grains such as corn and wheat higher in the last few months.

Among equity ETFs, the Claymore/NYSE Arca Airline Index ( FAA) was a major gainer, rising 4% after Southwest Airlines ( LUV) agreed to acquire AirTran Holdings ( AAI) for $1.4 billion. The ETF has a 13.7% exposure to Southwest Airlines, which was surging 9.6% on Monday forenoon trading.

The Market Vectors gaming ETF ( BJK) was also in focus following news on MGM Resort's ( MGM) plans to list its Macau operations.

Emerging market ETFs such as the Market Vectors Indonesia ( IDX) and iShares S&P Latin America 40 ETF ( ILF) dominated the equity ETF buy list, while utility ETFs such as Rydex Equal Weight Utilities ( RYU) and First Trust Alphadex Utilities ( FXU), up 0.3% each, were rising among domestic equities.

-- Written by Shanthi Venkataraman in New York

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