Animal Spirits Talk Your Book Agricultural Commodities

July 15, 2019

SHOW: Animal spirits is a show about markets, life, and investing. Join Michael Batnick and Ben Carlson as they talk about what they’re reading, writing, listening to and watching.

GUEST: On this week’s Talk Your Book, Michael and Ben sat down with Sal Gilbertie, CEO and founder of Teucrium Trading, an ETF provider of agricultural commodities products.

Running time 40:00

Diversification does not ensure a profit or protect against a loss. These views are intended to assist readers in understanding commodities and do not constitute investment advice. This material is not an offer or solicitation of any kind to buy or sell any securities outside of the United States of America.

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. The Teucrium Funds have a patent on the methodology employed by the Funds.

  • Spot Price: The futures contract month nearest expiration and delivery month for futures contracts.
  • Backwardation: A market condition in which a futures price is lower in the distant delivery months than in the near delivery months.
  • Contango: A condition in which distant delivery prices for futures exceed spot prices, often due to the costs of storing and insuring the underlying commodity. Opposite of backwardation.

A copy of the prospectus for each Teucrium Fund may be accessed at the links below: