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Advisor

Buy ag stocks?

On the tail of today's USDA reports, shares of ag companies climbed on several fronts, particularly with those related corn.

 

Investors are seeing opportunities in seed, fertilizer and farm-equipment stocks, according to a Dow Jones story (click here).

 

In early afternoon trading, Deere & Co. was up 2.4%, fertilizer manufacturer CF Industries Holdings soared 4.2%, and Monsanto had risen by 2.5%.

 

What ag stocks do you think got the biggest boost today? Stock tips anyone?

 

John

 

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3 Replies
Friend

Re: Buy ag stocks?

Too late for the ag stocks and they are correlated to our livelihood anyway.   I am starting to think that Tokyo Electric Power company (tkecf on pink sheets) is getting cheap enough to be a gutsy buy.  It is a utility stock so it should have some guaranteed cash flow but will the Japanese government nationalize it.  Obviously down big since the tsunami.  

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Advisor

Re: Buy ag stocks?

   It's not good to have too many eggs in 1 basket.

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Veteran Contributor

Re: Buy ag stocks?

Perhaps buying fertilizer and oil stocks could be thought of as a hedge against rising production costs. 

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