The PowerShares DB Agriculture Fund (DBA) is seeing active trading, as shares move higher amid a rally in agricultural commodities Thursday. DBA is an exchange-traded fund based on the Deutsche Bank Liquid Commodity Index, which in turn consists of futures contracts on corn, wheat, soy beans, and other widely traded agricultural commodities. Today, corn rose 17.50 to 612.50, soybeans, +42.75 to 1,342.50, and wheat, +35 to 934.50. Shares of the PowerShares DB Agriculture Fund are up $1.19 to $37.48 and volume in the options market is running double the normal. Sentiment is clearly bullish, with 17,000 DBA calls and 1,700 puts trading on the day. The September 40 calls are the most actives. 10,365 contracts have traded and two-thirds of that volume hit on the offer.
Category: All ETFs
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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.