Demeter Capital Management

Livestock & Grain Trading Program
Principal: James Hamman & David Hamman
Discretionary / Agricultural | Spread Trading, Option Trading, Outright Futures
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Month Performance
-0.14%
Jun 2026
YTD Return
-2.21%
Through Jun 2026
AUM
$8,200,000
Assets Under Management

Overview

The Program attempts to generate profits through the Advisor's discretionary selection of futures and options trades in agricultural markets. Trades are selected on the basis of fundamental analysis, which is concerned with any factor that would affect the supply and demand, and therefore the price, of a given instrument. The Advisor's market analysis tends to focus on seasonal trends and year-to-year comparisons. The Advisor absorbs and interprets a wide range of research on a daily basis, employing its principals' combined 40+ years of experience in agricultural futures markets. However, there is no assurance the Program will meet its objectives or that clients will avoid substantial losses.


Program Details

Inception DateMar 2010
Trading StyleSpread Trading, Option Trading, Outright Futures
Holding PeriodLong Term, Medium Term, Short Term
Markets TradedAgriculturals, Meats
Margin20%
Minimum Investment$50,000
Management Fee2.00%
Performance Fee20.00%
This is a snapshot only. Investors should read Disclosure/Offering documents to determine suitability of investment.
GROWTH OF $1,000 VAMI
Program vs. Autumn Gold CTA Index
Livestock & Grain Trading Program compared with the Autumn Gold CTA Index
Hypothetical growth of $1,000 based on reported monthly returns.
PERFORMANCE SUMMARY
Annual Returns (Net)
YEAR 2025 2024 2023 2022
RETURN -6.58% +0.84% -5.51% -4.22%
Maximum Drawdown Since Inception -29.77%
Past performance is not indicative of future results.
FUTURES, OPTIONS, CRYPTO, AND FOREX TRADING INVOLVES RISK AND MAY NOT BE SUITABLE FOR ALL INVESTORS. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.