Commodities have been knocked down significantly over the last week.  Irrespective of the recent weakness, there is one area that should have continued fundamental drivers that could allow for a quick uptick once markets feel satisfied with valuations.

PowerShares DB Agriculture fund has fallen along with the entire spectrum of commodities, but perhaps unfairly.  At the close of trading on May 5th, it was trading at a discount of 0.71%.

Although the fund has gained over 40% in the last year, the core drivers for agricultural demand will not diminish any time soon. The funds core holdings include:

Support and resistance levels show potential entry points:

This is only one of many agriculture ETF’s that will continue to benefit from emerging market demands.

Bottom line, people can pass up a new car, or a pair of new shoes… but you have to eat!