Wheat ETN Grows As Crop Shrinks
June 03, 2011 at 12:36 PM EDT
The anemic winter wheat harvest in Kansas this year may be just what the exchange traded note (ETN) iPath DJ-UBS Grains TR Sub-Index ETF (NYSEArca: JJG) needs to shoot up. Test-cutting has begun on the Kansas-Oklahoma border for wheat crops, and high moisture levels are leading to a poor crop,...