Agriculture ETFs Surge Following a Surprise USDA Report April 1, 2021
Agricultural futures and ETFs surged Wednesday, as the CME Group’s farm reacted strongly to this morning’s USDA data dump.
U.S. farmers will plant lower corn and soybean acreage than the trade expected, according to the USDA.
May corn futures surged 4.64%, to move 25¢ higher to $5.64½, making an explosive move from the prior day’s roughly $5.34 lows. Meanwhile, May soybean futures rocketed 5.12%, or 70¢ higher to nearly $14.37.
Wheat and oats have also climbed more than 3.25%, as the agricultural complexes are rallying Wednesday.
Jack Scoville, PRICE Futures Group, says that the USDA released a wild report and that the uptrend has clearly returned.
April 1, 2021
Infrastructure tends to be a political buzzword. Yet in today’s climate, it’s also a valid thesis for investors to consider. Infrastructure exposure can be had with the
NFRA tries to reflect the performance of the STOXX Global Broad Infrastructure Index, which identifies equities that derive the majority of revenue from the infrastructure business, providing exposure to both traditional and non-traditional infrastructure sectors.
NFRA and other infrastructure funds are receiving renewed attention as President Biden looks to infrastructure to shore up the economy while unleashing his green energy agenda.
“Infrastructure often comes up in the context of political discussions. Politicians love to talk about our country’s crumbling infrastructure and the need to invest in it, but they’re frequently shy when it comes to actually ponying up the billions required,” notes Morningstar analyst Josh Charlson.
Targeted ETFs to Consider as Biden Eyes Infrastructure April 1, 2021
As President Joe Biden looks to update and upgrade the nation’s aging infrastructure, ETF investors can turn to targeted sector plays to capitalize on the spending spree.
Biden is expected to call for a roughly $2 trillion package to invest in roads and bridges, along with plans to fight climate change and boost human services like elder care, Reuters reports.
The potential spending plan, which is expected be announced on Wednesday at an event in Pittsburgh, will be the next partisan hurdle in Congress where members agree that further capital investments are needed to support an economy trying to emerge from the coronavirus pandemic but are divided over the size and inclusion of programs traditionally seen as social services. Paying for the new projects will almost certainly be a contentious issue.
April 1, 2021
Automation is at the center of a lot business processes for companies looking to enhance their efficiency. As more companies in the Nordic region adopt this growing trend, one ETF to keep an eye on is the
“Large enterprises in the Nordics have been implementing business process automation over the last three years, and more organizations now see the urgency of adopting these technologies to stay competitive as COVID-19 strains the regional economy, according to a new report published today by Information Services Group (ISG), a leading global technology research and advisory firm,” a Businesswire press release noted.
GXF seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the FTSE Nordic 30 Index. The fund invests at least 80% of its total assets in the securities of the underlying index and in American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) based on the securities in the
April 1, 2021
Infrastructure and clean energy ETFs have been the early beneficiaries of a Joe Biden presidency thus far this year. An infrastructure package that will incorporate climate change initiatives can especially help this pair of iShares ETFs.
“President Joe Biden this week is set to unveil details of a major infrastructure package that’s expected to include record spending on mitigating climate change and accelerating a nationwide transition to clean energy,” a CNBC article reported.
“The president is expected to introduce up to $3 trillion in spending on efforts to boost the economy, including rebuilding aging infrastructure like highways, bridges and rail lines, and investing in technologies to reduce planet-warming greenhouse gas emissions,” the report added.