Persistent supply chain struggles have shaken up the global commodity complex, which has ridden a wave of worries to new highs — as Russia’s war on Ukraine rages on. The story is no different for commodity ETFs. Many of these funds have seen huge inflows over the past several months — like the Teucrium Corn Fund (CORN), which is up…
Approximately 30% of the world's wheat comes from Russia and Ukraine. In addition, Russia is the world's largest exporter of fertilizer and as economic sanctions take hold, a boycott of Russian fertilizer could result in a lower crop yield overall.
Bryon Lake, Global Head of ETF Solutions at J.P. Morgan Asset Management, said commodity ETFs have seen outsized inflows to the tune of roughly $20 billion year to date, which is regarded as clear evidence investors have been bolstering their portfolios as they brace for more inflation ahead. "When money comes into the fund, we buy three different futures contracts in each fund," he said."We never buy spot. We're always letting people participate what they call along the curve of futures. So, if you think the price of the commodity will go up, you buy the fund, and those futures contracts go up.
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