Seems ‘Joe Public’ continues to plow money into long only commodity ETFs and Funds (see Reuters article here)  despite the well publicized problems with several of them (USO and UNG specifically).

We’ll take the opportunity to update our charts comparing the Crude Oil, Natural Gas, and now Corn cash and futures markets versus their ETF counterparts, and will continue to update the YTD numbers every month throughout the year in hopes that one or two people are saved from putting money into the USO or UNG and expecting them to track the commodities they are named after.

The solution as we see it for those looking for long only commodity exposure – just buy 12month out futures and roll them annually. (more here)