The dollar continues to strengthen as eurozone turbulence upsets the global economy, which spells trouble for commodities, and not just crude oil. With that in mind, Benzinga has outlined a number of ETNs targeting sugar, cotton, coffee and natural gas that are likely to slide.
The website’s popular contributor, “The ETF Professor,” argued that the following securities perhaps ought to be avoided as the current dollar-strengthening trend plays out:
- iPath DJ-UBS Sugar TR Sub-Index ETN (NYSEArca: SGG)
- iPath DJ-UBS Cotton TR Sub-Index ETN (NYSEArca: BAL)
- iPath DJ-UBS Natural Gas TR Sub-Index ETN (NYSEArca: GAZ)
- iPath DJ-UBS Coffee TR Sub-Index ETN (NYSEArca: JO)
Head over to Benzinga.com for the full breakdown on the funds mentioned above.