Despite a relatively solid earnings season, anxiety continues to run high on Wall Street as elevated unemployment and sagging confidence stand as major obstacles to a continued economic recovery. As equity markets trend sideways and potential pitfalls materialize, many investors have moved slowly towards safe havens, preferring to watch from the sidelines until the storm clouds clear [see Five Safe Haven ETFs].

Although equity markets have been under pressure for some time now thanks to weak levels of growth and high unemployment, some industries have been surging higher and seem to be well on the way to recovery. With a weakening dollar and bulging world populations, the agribusiness sector has been in focus in recent weeks thanks to the wheat crisis in Europe and declining corn yields across much of North America.