SOYB vs WEAT

SOYBBTeucrium Soybean Fund

WEATBTeucrium Wheat Fund

In short

SOYB Soybeans, straight up. Since 2011 SOYB has tracked a benchmark of soybean futures for future delivery, wrapped so you can buy the bean in an ordinary brokerage account, and it charges less than the typical commodity futures fund.

WEAT Wheat, straight up. Since 2011 this Teucrium fund has given brokerage-account investors pure-play exposure to CBOT wheat futures, laddered across three contract months rather than piled into the front month.

Stated mandate

SOYB SOYB seeks to track daily changes in the soybean market for future delivery through its benchmark.

WEAT The fund seeks cost-effective price exposure to the wheat market through futures for future delivery.

Why people hold it

• SOYB Fee of 0.63% a year sits under the 0.81% median for commodity futures funds, and under diversified rival PDBC at 0.74%.
• A single-crop play, not a commodity grab bag: the fund follows the Teucrium Soybean Index, which tracks daily moves in soybean futures.
• Trading since 2011, a long run for a one-commodity fund, and one of the stronger implementations in its commodity futures peer group.

• WEAT Costs 0.62% a year, under the typical fee for futures-based commodity funds. Cheap matters most when the thing you own throws off no income.
• The benchmark splits across three CBOT contracts: 35% second-to-expire, 30% third-to-expire, 35% the following December. Roll risk gets spread down the curve, not stacked on one month.teucrium.com
• Wheat exposure without a futures account: no margin posting, no roll management, no contract expiries on your calendar. Buy it like a stock, sell it like a stock.teucrium.com
• Among futures-based commodity funds, one of the stronger overall packages on cost and structure.

Worth knowing

• SOYB One crop, one price. Weather, harvest cycles and export demand move soybean futures hard, and there is nothing else in the portfolio to soften it.
• It is a commodity pool, not a standard 1940 Act fund, so the tax paperwork differs from a stock ETF. Check how that lands on your return.
• Mid-sized asset base and moderate turnover mean bid-ask spreads can run wider than on the giant index funds, and the payoff comes from price moves, not income.

• WEAT It is a commodity pool taxed as a partnership, so shareholders get a Schedule K-1 with Section 1256 treatment (60% long-term, 40% short-term), not a 1099.teucrium.com
• The fund tracks wheat futures, not the spot price. When the curve slopes against you, returns can drift from the wheat headlines you read.teucrium.com
• One crop, one market, and weather sets the price. Swings here run hot compared with diversified commodity baskets, and the fund is built for price exposure, not income.

Full SOYB profile⁠

Full WEAT profile⁠