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Buying CORN fund
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IL_BOY
Posted 4/6/2011 21:18 (#1711938)
Subject: Buying CORN fund


Is anyone investing in the ETF that tracks futures contracts of corn? The ticker symbol is CORN.

I'm considering using this as a way to either go long the corn morket instead of buying calls. Another reason I'm looking at this fund is at harvest I would sell my corn for cash and then use this money to buy shares of CORN rather than putting the corn on storage. That would be much cheaper than paying for storage at the elevator. The operating fees of the fund are a little under 2% which is much cheaper than buying calls or paying for storage.

Thanks in advance for your guidance.
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