Teucrium Wheat Fund (WEATP)

Profile

https://oci-global.com

Teucrium Wheat Fund is an exchange-traded fund that provides investors with unleveraged exposure to wheat futures prices through a traditional brokerage account, without requiring a separate futures account. It tracks the Teucrium Wheat Index by investing primarily in a weighted average of three Chicago Board of Trade wheat futures contracts: the second-to-expire contract, the third-to-expire contract, and the December contract following the third-to-expire. This proprietary weighting methodology holds positions across multiple delivery months to mitigate the negative effects of contango, a common issue in commodity futures where near-term contracts are priced higher than longer-term ones. The fund maintains its exposure by regularly rolling contracts as they approach expiration, aiming for daily changes in its net asset value to reflect movements in the wheat market for future delivery. Teucrium Wheat Fund serves as a tactical tool for those seeking targeted access to wheat price dynamics, a key agricultural commodity influencing global food security and supply chains. Issued by Teucrium and launched in 2011, it focuses exclusively on wheat futures and related cash equivalents.