
A seemingly offhand comment by President Donald Trump may have caused more than political rumination; it’s now causing turmoil in commodity markets, with impacts for ETF investors.
On Wednesday, Trump said Coca-Cola Co (NYSE:KO) was considering making the move from high-fructose corn syrup (HFCS) to cane sugar for its U.S. drinks. Although the soft drink giant hasn’t made any announcement, the statement was sufficient to cause shares of corn refiners Archer-Daniels-Midland Co (NYSE:ADM) and Ingredion Inc (NYSE:INGR) to decline in early trading, as markets absorbed the possible implications for HFCS demand. Nonetheless, Archer-Daniels-Midland managed to pare some of its losses on Friday morning regular trading.