At a glance
CORN charges 1.0% a year, above the 0.82% average of the 7 funds most like it (the 4th cheapest of 8). It has $173.2M in assets, the 3rd largest of that group. Over the past year it returned −2.4% with distributions reinvested (S&P 500: +11.5%), the weakest of those 8 funds; over three years it returned −7.8% a year. At its worst it fell 9.7% in the 2020 crash (S&P 500: 33.7%) and 23.8% in the 2022 bear market (S&P 500: 24.5%).
The short version
Teucrium Corn Fund (CORN) is a commodity pool that holds corn futures contracts traded on the Chicago Board of Trade, not stocks or physical corn. It offers a single-crop position on corn prices that barely moved with the stock market over the year to October 27, 2026. It charges 1% a year, above the 0.82% average for similar funds. It pays no distributions and sends investors a Schedule K-1 tax form.
Price history
The interactive chart needs JavaScript.
CORN -2.4% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| CORN price data to Oct 27, 2026 | -1.6% | -2.4% | -7.8% | -3.7% | -1.2% | -2.2% |
- Over the year to Oct 27, 2026, CORN returned -2.4%, 8th of 8 among similar funds.
- Its 5-year annualized return was -3.7% and its 10-year -1.2%.
- In the 2020 COVID crash it fell 9.7% and regained its old high 8.3 months after the low.
- Its worst full calendar year was 2013 (-31.0%); its best was 2021 (+38.3%).
- The deepest fall in its price history was 78.1% (Aug 21, 2012 to Aug 4, 2020), not yet recovered.
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | -1.6% |
| 2025 | -5.5% |
| 2024 | -13.0% |
| 2023 | -19.9% |
| 2022 | +25.0% |
| 2021 | +38.3% |
| 2020 | +5.3% |
| 2019 | -7.8% |
| 2018 | -4.3% |
| 2017 | -10.4% |
| 2016 | -11.8% |
| 2015 | -20.4% |
| 2014 | -12.9% |
| 2013 | -31.0% |
| 2012 | +5.6% |
| 2011 | +7.6% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 8.7% over that stretch · deepest drop along the way 9.7%, back to its old high 8.3 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Gained 28.8% over that stretch · deepest drop along the way 23.8%, not recovered by the end of the data |
What's inside
The fund holds futures contracts and the cash and Treasury bills backing them, not the commodity itself; its net assets were $173.2M as of Jun 30, 2026 (per its 10-Q). As a commodity pool it files 10-Q and 10-K reports instead of N-PORT holdings reports, so there is no holdings list.
How it works
Teucrium Corn Fund does not own corn. This commodity pool, sponsored by Teucrium Trading, holds corn futures (contracts to buy corn at a set price on a later date) plus the cash and Treasury bills backing them. It aims for its net asset value, or per-share worth, to track the daily moves of a benchmark made up of three corn futures contracts traded on the Chicago Board of Trade.
A formula, not a manager, sets the weights: 35% in the second contract to expire, 30% in the third and 35% in the December contract after that. Teucrium says this design aims to soften the effects of contango (later contracts costing more than near ones) and backwardation (the reverse). Still, the fund must keep replacing expiring contracts with later ones, and the price gap can add to or subtract from returns. Over time, the fund can drift well away from corn's spot (immediate-delivery) price.
The fund may change its objective, benchmark or strategy without a shareholder vote or advance notice. It is not registered under the law governing mutual funds and most ETFs, so it lacks some of their investor protections. Because it is taxed as a partnership, holders get a Schedule K-1 and owe tax on their share of gains each year, even if they don't sell.
What it really costs
- CORN charges 1% a year, versus an average of 0.82% for the similar funds below (4th of 8, cheapest first).
Structure and tax notes
- A commodity pool: it holds futures contracts (and the cash and Treasury bills backing them), not the commodity itself, and it is not a 1940 Act investment company, so it lacks some fund-specific investor protections. It is taxed as a partnership: investors get a Schedule K-1 rather than a 1099 and owe tax on their share of its gains each year, even without selling. Expiring contracts must be rolled into later ones, and the price gap between them adds to or takes from returns, so over time it can drift well away from the spot price of what it tracks. Besides the sponsor's fee, it pays brokerage commissions and other costs.
In a retirement portfolio
It is a single-commodity futures fund with a 78.1% peak-to-low fall, no income and K-1 tax reporting, so it fits only as a small side position.
CORN can behave differently from stocks. During the 2022 bear market (January 3 to October 12, 2022), it gained 28.8%, although it fell 23.8% from its April 2022 peak to July and had not regained that high as of October 27, 2026. In the 2020 COVID crash, it dropped 9.7% and took about eight months to recover. Its longer record is harsh. It fell 78.1% from August 2012 to August 2020 and has not recovered. It lost 31% in 2013, its worst year. Over 16.4 years it returned -2.2% a year. CORN pays no income, so drawing cash means selling shares, possibly at a low point. Its 1% fee is above the 0.82% peer average. Past results don't predict future ones, and a plan should weigh the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want a small, targeted position in Chicago Board of Trade corn futures and can accept one-year volatility of 17.3%.
- Those looking for something that hasn't tracked stocks: CORN's one-year beta was -0.01 as of October 27, 2026, and it gained 28.8% during the 2022 bear market.
- Holders who are comfortable with Schedule K-1 tax forms and with owing tax on their share of yearly gains even without selling.
Look elsewhere if
- Retirees who need regular income: CORN recorded no distributions.
- Investors who want broader, cheaper farm exposure may compare DBA (0.85%), or VEGI (0.39%) and MOO (0.53%), which focus on agricultural companies.
- Buy-and-hold investors who want long-term growth: CORN returned -1.2% a year over 10 years and is still below its 2012 peak after a 78.1% fall.
Close alternatives
Matched by legacy category (no holdings report for this fund).
| Fund | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|
| CORN this fund | 1% | $173.2M | -2.4% | -7.8% |
| DBA Invesco DB Agriculture Fund | 0.85% | $822.2M | +8.0% | +11.9% |
| MOO VanEck Agribusiness ETF | 0.53% | $567.4M | +11.9% | +6.9% |
| WEAT Teucrium Wheat Fund | 1% | $115.1M | +6.2% | -8.3% |
| VEGI iShares MSCI Agriculture Producers ETF | 0.39% | $98.5M | +14.4% | +10.3% |
| SOYB Teucrium Soybean Fund | 1% | $25.6M | +16.0% | -1.6% |
| CANE Teucrium Sugar Fund | 1% | $11.0M | +23.8% | -8.7% |
| TAGS Teucrium Agricultural Fund | 1% | $10.1M | +11.2% | -6.0% |
Questions investors ask
Does CORN pay a dividend?
No. Teucrium Corn Fund has recorded no distributions. It holds corn futures backed by cash and Treasury bills, and any gains stay in the fund's share price. Investors who want cash from CORN have to sell shares. That can mean selling at a loss in a weak stretch. For example, from April to July 2022 the fund fell 23.8%. Retirees who need steady income usually look to other kinds of holdings for it.
Does CORN issue a K-1?
Yes. CORN is a commodity pool taxed as a partnership, so investors get a Schedule K-1 instead of a Form 1099. Holders owe tax on their share of the fund's gains each year, even if they never sell. K-1s can arrive later than 1099s and can make tax filing more complicated. That's worth weighing before buying CORN in a taxable account. A tax professional can explain how it would apply to a given situation.
What's the difference between CORN and DBA?
CORN holds only corn futures. The Invesco DB Agriculture Fund (DBA), as its name suggests, covers agriculture more broadly. DBA costs 0.85% a year, compared with CORN's 1%. As of October 27, 2026, DBA had returned 8% over one year and 11.9% a year over three years. CORN returned -2.4% and -7.8% over the same periods. DBA had about $822 million in net assets. CORN had $173 million as of June 30, 2026.
Does CORN track the price of corn?
Not exactly. CORN tracks a blend of three Chicago Board of Trade corn futures contracts, not the cash price of corn. The second contract to expire makes up 35%, the third 30%, and the following December contract 35%. As contracts expire, the fund rolls into later ones. The price gaps between contracts can add to or take from returns. Over long periods, CORN's results can drift well away from the price of corn itself.
How has CORN performed long term?
CORN has lost money over most long stretches. As of October 27, 2026, it returned -1.2% a year over 10 years, -3.7% a year over five years and -2.2% a year since it launched in June 2010. It fell 78.1% from August 2012 to August 2020 and had not regained that peak. It had strong years too, gaining 38.3% in 2021 and 25.0% in 2022. Its 1% annual fee also reduces returns.