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If I wanted to invest my money in crops (corn), how do i do so.? |
If I wanted to invest my money in crops (corn), how do i do so.? You can invest in corn futures on the CBT. Dec 06 corn is trading at 3.51 a bushel 5000 bushel increments. Dec 07 is trading at 3.42. You can put up t-bills as colateral and receive the interest in the mean time. Commodities trading can be a risky venture; but if you know this market well, go for it. Contact any reputable brokerage firm that has commodity trading (all the major brokerages do). You'll be able to sift through plenty of reports and information as a client... if you want to trade completely on your own, I'm sure you can get a discount on your transactions. the easiest way to invest in corn is like the previous guy said, is to buy futures contracts at the chicago board of trade. they are not for everybody though. you will need to inquire several futures sources just to get your feet wet. all-in-all, with margin, you can get a futures contract for about 500 dollars. I think the easiest way to invest in corn is to buy the following ETF: DBC. You can but itjust like any stock, through and online broker like Scottrade. It tracks a basket of commodities including: oil, natural gas, aluminum, gold, corn and wheat. I would tend to agree with Barry... |
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