Top Performing ETFs For April 2021
The list is full of agriculture-related funds, but biotech, clean tech and real estate are also represented.
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May 3, 2021
The list is full of agriculture-related funds, but biotech, clean tech and real estate are also represented.
April was another good month for U.S. large-caps, although small-caps and international stocks underperformed. Long-term Treasuries added about 2.5%, but those asset classes weren t nearly the big story.
Commodity prices continued to soar thanks to supply/demand imbalances fueled by global supply chain issues. Precious metals, including gold and silver, produced gains of 3-5%, but it was agricultural products that delivered double digit returns across the board.
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By Simon Constable Order Reprints Print Article U.S. corn inventory at the end of the 2020-21 growing season will be 1.3 billion bushels, far lower than the 1.7-billion-bushel level expected Nicolas Tucat/AFP via Getty Images Text size
A drop in corn production will result in reduced supplies of the grain, propelling prices higher over the next few months, experts say.
U.S. corn inventory at the end of the 2020-21 growing season will be 1.3 billion bushels, far lower than the 1.7-billion-bushel level expected by the U.S. Department of Agriculture, says Shawn Hackett, president of Hackett Financial Advisors.
“The USDA’s projection needs to come down,” he says. “The corn market has not priced in a 1.3-billion-bushel carry-over and will have to reprice that reality.”