Jack Farley

The semiconductor industry benefits from physical bottlenecks in GPU production, memory manufacturing, and foundry capacity. Only a few players control the market, making it a 'picks and shovels' play with high barriers to entry. This structural advantage supports continued outperformance.

"China has committed to purchasing at least 25 million metric tons of US soybeans annually through 2028... At the same time, the EPA has proposed increasing biomass-based diesel mandates by as much as 67% for 2026, and soybean oil is the leading domestic feed stock." Soybeans are benefiting from a dual-demand shock: guaranteed international trade flows (China) and domestic regulatory tailwinds (EPA renewable diesel mandates). This structural demand will outpace supply, driving up the underlying commodity price. LONG. The Teucrium Soybean Fund provides direct exposure to a commodity with legally and geopolitically mandated demand growth. Changes in EPA regulations, breakdown of the US-China bilateral trade framework, or adverse weather patterns affecting crop yields.