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CCOM

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1d
1w
1m

Analysis and statistics

  • Open
    18.5939$
  • Previous Close
    18.6527$
  • 52 Week Change
    --
  • Day Range
    -0.06$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

CCOM.TO is the ticker symbol for the Horizons US Corn ETF, a Canadian-listed exchange-traded fund (ETF). It aims to replicate, to the extent possible, the performance of the Solactive High Yield US Corn Futures Index ER, net of expenses. This index tracks the price movements of corn futures contracts traded on the Chicago Board of Trade (CBOT). As such, CCOM.TO offers investors exposure to the price of corn, a key agricultural commodity, without directly owning or storing physical corn. It is important to note that the ETF invests in futures contracts, and its performance may not perfectly mirror the spot price of corn.
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Factors

Supply and Demand: Higher demand increases price, lower demand decreases price.

Underlying Commodity Prices: CCOM.TO tracks commodity indices; price changes in included commodities directly impact the ETF's value.

Index Rebalancing: Changes in the underlying index composition can lead to buying/selling, affecting price.

Currency Fluctuations: As commodities are often priced in USD, CAD/USD exchange rates impact the ETF's CAD price.

Interest Rates: Higher interest rates can reduce demand for commodities, affecting CCOM.TO's price.

Inflation: Commodities can be a hedge against inflation; rising inflation may increase demand and price.

Geopolitical Events: Political instability or conflicts can disrupt commodity supplies and increase prices.

Economic Growth: Strong economic growth typically increases demand for commodities, pushing prices higher.

Weather Patterns: Extreme weather events can impact agricultural commodity production, affecting prices.

Storage Costs: Costs associated with storing commodities influence their prices, impacting the ETF's value.

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