Rembert,

Thank you very much for sharing this. I hadn't even thought to consider DBA in my first analysis for some reason. MOO also shows a similar pattern, which seems to be playing catchup with some of the individual stocks. I think LP may have been shorting MOO against other long positions, and the EV on ETF's can be sometimes difficult to interpret since new units are being issued on a regular basis.

My initial analysis is still playing out, but I believe agriculture stocks have a fair probability of maintaining a leadership role if the market moves higher, especially with the strength being witnessed in materials and energy during the past few weeks.

Best,
Eric