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Agro Stocks: Seeding wealth with agriculture

Posted January 29, 2008

'Consider using the sell-off, amid the Dow’s 1,600-point drop, as a buying opportunity. Companies like Monsanto still believe the future is bright with regards to its genetically engineered crops business.' – Ian Cooper, editor of SC Trading Pit

Baltimore – (TFN): The following was taken from the transcript of this week's 60-Second Buzz video featuring Ian Cooper. Watch this video.

Declines in agriculture-related stocks, like Monsanto, were hardly surprising as they came just days after they hit fresh 52-week highs. But how often do you find stocks like these that fall 10% plus for no real reason? Some say it may have something to do with a kneecapped Market Vectors Global Agribusiness ETF, which gained close to 50% after launching just four months ago on the heels of rising ethanol demand. 

Tired of reading? Watch the financial video.

Unfortunately, the latest dismal business report from the Philadelphia Fed is what may have killed off the run. At the same time that the 10:00 a.m. Fed report reportedly dipped to levels not seen since October 2001, said MOO ETF began its descent. The thinking may be that weak manufacturing activity translates to weaker oil demand, which could lead to less ethanol demand. And down comes the agriculture business, cradle and all. 

But consider using the sell-off, amid the Dow’s 1,600-point drop, as a buying opportunity.  Companies like Monsanto still believe the future is bright with regards to its genetically engineered crops business – the same business Origin Agritech (SEED) is part of.

Monsanto, for instance, believes that growing acceptance of genetically engineered crops is expected “to deliver new business opportunities in coming decades.”

According to Chief Technology Officer Fraley, “It's still like being back in the '60s with computers. This is an industry that is very much in the beginning of its cycle."

To learn more about Ian Cooper's investment research service, SC Trading Pit, click here.

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