Teucrium Trading, LLC (Teucrium) (www.teucrium.com), the first company to introduce a single agricultural commodity Exchange Traded Product (“ETP”) in the United States, today announced the launch of three additional single commodity ETPs for the agricultural space –The Teucrium Soybean Fund (NYSE: SOYB); The Teucrium Sugar Fund (NYSE: CANE); and The Teucrium Wheat Fund (NYSE: WEAT).
The funds will trade on the New York Stock Exchange Arca and join the Teucrium Corn Fund (NYSE: CORN), the nation’s first pure play agriculture fund, which was successfully launched in June 2010, and the Teucrium Natural Gas Fund (NYSE: NAGS) and the Teucrium WTI Crude Oil Fund (NYSE: CRUD), both launched in February 2011.
“As the global economy and populations in emerging market countries like China, India and Brazil continue to expand faster than developed countries, the demand for and use of corn, soybeans, sugar and wheat is extraordinary, presenting the opportunity for a great investment opportunity,” said Sal Gilbertie, President of Teucrium Trading, LLC.
“Until now,” said Gilbertie, who has traded commodities for nearly his entire professional career, “there has not been an investment vehicle available to investors who want to invest directly or exclusively in soybeans, wheat or sugar without having to trade futures contracts, something better left to all but the most sophisticated and knowledgeable investors.”
By making single commodities available in an ETP structure, Gilbertie said, “Investors not only get exposure to commodities, an increasingly important asset class – without having to directly trade in futures – they get the opportunity to diversify their portfolios by investing in an unleveraged, liquid, and transparent security traded on the New York Stock Exchange.”
According to Gilbertie, the Teucrium funds were specifically designed with these features to appeal to Registered Investment Advisors, hedge funds, institutional and individual investors who want to invest in commodities through an easily understood and traded investment product backed by a specific pool of assets.
As opposed to many first generation products that hold only a single month futures contract, Gilbertie said the Teucrium Funds have a diversified futures structure and hold contracts in multiple months, significantly reducing the cost of carrying and rolling the futures, and resulting in the potential for better returns.
The funds will be managed by Gilbertie and Kelly Teevan, each of whom has spent most of their professional careers trading commodities.
About Teucrium Trading, LLC
Teucrium Trading, LLC (Teucrium) is an issuer of single-commodity-focused next generation ETPs. Teucrium designs investment vehicles that include transparency via the intraday indicative value (IIV), a publicly published valuation of the fund’s holdings provided by the NYSE, updated every 15 seconds as the ETP trades throughout the day. With today’s ever-evolving commodities markets’ landscape, we believe Teucrium has the expertise to deliver ETPs for liquid investing and hedging activities without the use of leverage. For more information, please visit: www.teucrium.com.
Each Teucrium Fund (“Fund”) is a commodity pool that will issue shares that may be purchased and sold on the NYSE Arca. The Funds are series of the Teucrium Commodity Trust, a Delaware statutory trust organized on September 11, 2009. The Funds are managed and controlled by the Sponsor, Teucrium Trading, LLC. The Sponsor is a limited liability company formed in Delaware on July 28, 2009 that is registered as a commodity pool operator (“CPO”) with the Commodities Futures Trading Commission (“CFTC”) and is a member of the National Futures Association (“NFA.”)
The Funds have a limited operating history, meaning there is little performance history that might serve as a basis to evaluate an investment in the Trust. Investing in a Fund subjects an investor to the risks of the applicable commodity market, which investment could result in substantial fluctuations in the price of Fund shares. Unlike mutual funds, the Funds generally will not distribute dividends to shareholders. The Sponsor has limited experience operating commodity pools; a commodity pool is defined as an enterprise in which several individuals contribute funds in order to trade futures or futures options collectively. Investors may choose to use a Fund as a vehicle to hedge against the risk of loss and there are risks involved in hedging activities. Commodities and futures generally are volatile and are not suitable for all investors. The Funds are not mutual funds or any other type of investment company within the meaning of the Investment Company Act of 1940, as amended, and are not subject to regulation thereunder. For a complete description of the risks associated with the Funds, please refer to the applicable prospectus.
Shares of the Funds are not FDIC insured, may lose value and have no bank guarantee. Foreside Fund Services, LLC is the distributor for the Teucrium Funds.
A copy of the prospectus for each Fund may be obtained at the
or by contacting the Funds toll-free at 877-376-0082.
Bill Blase, 212-221-1079