Agriculture ETPs Breaking Out (JJA, WEAT, CORN, JO)

From the end of January through the first week of March, the iPath Dow Jones-UBS Agriculture Sub-Index ETN (JJA) rallied 20 percent to an 11-month high.

The ETN is composed of seven futures contracts on agricultural commodities that include corn (27 percent), soybeans (21 percent), sugar (14 percent), wheat (11 percent), soybean oil (10 percent), coffee (nine percent), and cotton (six percent).

All seven commodities were higher during the 20 percent rally with several outperforming and boosting the return. Each commodity had its own reason for rallying but as a whole it helped that the U.S. Dollar remained weak, which helps the value of commodities.