If you have been to the grocery store lately, you have noticed that almost everything – from milk to eggs to meat – costs more. You have probably heard that this is due to an increase in corn prices, which affects what you pay for many other products.
Agriculture is booming and shows no sign of slowing down. So anything agriculture-related should do well in your portfolio for the foreseeable future. But one company is perfectly positioned to capitalize on the agriculture frenzy.
Archer Daniels Midland (ADM) operates in three agricultural segments: oilseed processing, corn processing, and agriculture services. Adding ADM to your portfolio can expose you to this bull market without limiting you to one commodity. Look to pick it up if it can break through the $47/share level. That would mark a new high, and eliminate any pre-existing resistance levels.
For more on the bull market in agriculture, be sure to read Jon Herring ‘s article in Investor’s Daily Edge Unplugged.[Ed. Note: Rick Pendergraft is a professional trader and market analyst. In Rick’s new investment service, he reveals how you can make hundreds – even thousands – of dollars just for playing a simple game of “guess the pattern.”]