Jim Wyckoff has spent over 25 years involved with the stock, financial and commodity markets. He was a financial journalist with the FWN newswire service for many years, including stints as a reporter on the rough-and-tumble commodity futures trading floors in Chicago and New York. As a journalist, he has covered every futures market traded in the U.S., at one time or another. Jim is the proprietor of the "Jim Wyckoff on the Markets" analytical, educational and trading advisory service. Jim also worked as a ...

Core Viewpoint - President Trump's comment regarding Coca-Cola's potential switch from high-fructose corn syrup (HFCS) to cane sugar has triggered significant reactions in commodity markets, particularly affecting corn refiners and related ETFs [1][2]. Group 1: Market Reactions - Coca-Cola has not officially announced any changes, but Trump's statement led to a decline in shares of corn refiners Archer-Daniels-Midland Co (ADM) and Ingredion Inc (INGR) as markets reacted to the potential decrease in HFCS demand [2]. - Archer-Daniels-Midland managed to recover some losses in subsequent trading sessions, indicating market volatility [2]. Group 2: ETF Implications - The Teucrium Corn Fund (CORN) may face challenges if demand for HFCS decreases, as it offers direct exposure to corn futures [6]. - Conversely, the Teucrium Sugar Fund (CANE) stands to benefit from an increase in cane sugar demand, whether domestically or globally [6]. - The Invesco DB Agriculture Fund (DBA), which holds positions in both corn and sugar, could provide a hedged investment opportunity amid the evolving sweetener market dynamics [7]. Group 3: Industry Response - The Corn Refiners Association has publicly opposed Trump's comments, warning of "massive job losses" and arguing that HFCS is crucial to the U.S. agricultural economy [8]. - They contend that replacing HFCS with imported cane sugar would undermine American competitiveness in agriculture [8]. Group 4: Future Considerations - The situation remains speculative until Coca-Cola confirms any changes, but ETF strategists should monitor future comments from major food and beverage companies, potential policy changes regarding farm subsidies or tariffs, and market volatility driven by sentiment rather than supply and demand [10].