Wheat ETF
Of course wheat and bread are closely related but also cookies and Italian pastas are made from wheat. Wheat is very vulnerable to all sorts of diseases. Fungi and moulds are also a threat to a good harvest.
Contrary to other commodities the price of wheat is fairly stable. The reason for this is that many countries grow wheat and there is almost always an oversupply of wheat. Sometimes prices may double but that is not often the case.
What really is interesting is that the price of a wheat ETF may vary with 20% to 30% during several times a year. So you can make several nice rides during a year which is a definite plus.
But don’t hang on too long because the next price decline is never far away. Trading a wheat ETF is something special, you must treat it differently from other commodities or basic materials.
ETFS Wheat ETF
This ETF Securities Wheat ETF is tracking the Bloomberg Wheat Subindex.
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ETFS Wheat ETF info:
ETF provider: ETF Securities
Ticker: WEATP
ISIN: GB00B15KY765
Currency: Euro
Exchange: Euronext Parijs
This ETFS Wheat ETF has quotations on different exchanges and is known under several ticker symbols. As long as the ISIN number is identical you are dealing with the same ETF.