Market Vectors Agribusiness ETF (NYSE: MOO) – This ETF is designed to closely replicate the price and yield performance of the DAX global Agribusiness index.
The fund normally invests 80% of total assets in equity securities of U.S. and foreign companies engaged in agriculture. Its top holdings are Monsanto (NYSE: MON), Potash Corp of Saskatchewan (NYSE: POT), The Mosaic Co. (NYSE: MOS), and Deere (NYSE: DE).
Technically the stock broke from a near-perfect cup last September and has traded in a tight bull channel since then. Volume is accelerating as foreign inflation in agricultural products has become excessive.
Buy as a hedge against inflation in food prices and as an excellent long-term investment. Traders may want to jump aboard for a further break to $62 which is the top of the current channel.
If you have questions or comments for Sam Collins, please e-mail him at samailc@cox.net.
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