Soybean ETF surges with global demand

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An exchange-traded fund that offers exposure to soybean futures extended a rally Tuesday, as weather as weather continued to raise concerns about South America’s crop and global demand remains strong. The Teucrium Soybean Fund was up 3.6% Tuesday afternoon, extending its one-month gain to nearly 15%. Soybean prices broke above a key psychological barrier – $13 a bushel – on New Year’s Eve for the first time since 2014 as South American weather turned hot and dry and demand from big countries like China recovered from earlier slumps in the wake of the coronavirus lockdowns.
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