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Corn futures slide after USDA report keeps estimates unchanged
Seeking Alpha News (Tue, 11-Feb 5:50 PM ET)
The investment objective of the Teucrium Soybean Fund is to have the daily changes in percentage terms of the Shares Net Asset Value ( NAV ) reflect the daily changes in percentage terms of a weighted average of the closing settlement prices for three futures contracts for soybeans ( Soybean Futures Contracts ) that are traded on the Chicago Board of Trade ( CBOT ).
Teucrium Soybean Etv trades on the ARCA stock market under the symbol SOYB.
As of February 11, 2025, SOYB stock price was flat at $22.27 with 26,752 million shares trading.
SOYB has a beta of 0.01, meaning it tends to be less sensitive to market movements. SOYB has a correlation of 0.00 to the broad based SPY ETF.
SOYB has a market cap of $27.84 million. This is considered a Sub-Micro Cap stock.
In the last 3 years, SOYB traded as high as $29.43 and as low as $20.20.
SOYB has underperformed the market in the last year with a price return of -10.5% while the SPY ETF gained +22.2%. SOYB has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +0.7% and +0.7%, respectively, while the SPY returned +1.5% and +1.0%, respectively.
SOYB support price is $21.99 and resistance is $22.55 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SOYB shares will trade within this expected range on the day.