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China is Now Painting Meat - Why?
Scoreboard for the week: +2.48%
Nothing exciting during holiday time...
$50 is resistance seemingly...
For the week: -8.13%... careful!
For the week: -2.12%
TY... The link to your report from FOX News:
http://www.foxnews.com/us/2011/03/04/food-farm-exports-record-year/
-1.65% is the scorecard for the week...
On Friday March 4, 2011, 12:54 pm EST
TAMPA, Fla. (AP) -- Federal officials are expecting a record year for U.S. agriculture exports.
Agriculture Secretary Tom Vilsack says farm and food products are expected to reach a record $135.5 billion in fiscal year 2011, which ends in September.
Vilsack told The Associated Press that U.S. agriculture may have its best export year ever. Compared to fiscal 2010, export value is expected to grow 25 percent.
Vilsack spoke Friday in Tampa at the Commodity Classic, a large convention and trade show for the U.S. corn, soybean, wheat, and sorghum industries that draws some 4,500 farmers from around the nation.
My friends, for the week: +4%!!!
Food/ag investments... only way to go 'cuz everybody eats.
A drop to test the MA50 is cause for a good day today on big volume. This may be a December to remember... the market will tell us, as usual!!!
Nothing but up for quite some time... strong trend.
'Bout time you came back!!! All the best!
Looks like the old high will be challenged.
Moo,
I think with the Russian wheat problems .. The stocks in Moo could rise. I bought some today... Go Moo !
A bottom here under the MA40 weekly???
What a difference a month makes for MOO... and yet, food and energy consumer prices are up some 18 - 19% since early 2009... weird.
Agreed... the chart is really good...
MOO over 44.00 this morning after Terra (TRA) takeover news yesterday and Deere (DE) posted better than expected earnings.
On its way to $50.00
There is a food crisis going on... agribusiness is on the way up... the next leg up seems to be underway.
Everybody loaded up?
MOO up today with HOD of 42.73
Hows that chart looking?
Biggest holding POT taking a hit today on earnings. doubled down. in for the long haul.
And probably beyond as this is in a supercycle headed up.
Well what the hey. Finally took up a position in the mid 42's. Could have got in at the low 42's but hope to ride to 50.
All the fundamentals point to higher - much higher - prices longer term... this fund seems to be tracking what is seen in the futures markets but my very strong belief is that a powerful U-turn will happen.
anybody else?
Close to buy time here.
Up 8% for the week for a food/ag play... everyone eats, right??? Just can't go wrong here -
BTW, did you know we have a World Food Crisis board her at i-Hub???
http://investorshub.advfn.com/boards/board.aspx?board_id=16715
Not a problem!
Looks like POT and MOS, two of this ETF's biggest holdings, are getting a lot of action PM. this ETF may take off!
This post is surprisingly inspiring to me... thank you for stopping by and leaving a message... I gave you member/person mark #2... only the highest and best.
Board marked.
Chart looks to be retracing to $42 level and I am consider entering under that.
"Agri-Food Thoughts" by Ned W. Schmidt, CFA, CEBS
http://www.financialsense.com/editorials/schmidt/2009/1215.html
Food and water... everyone needs them... fund allocation added to the i-Box.
This stock/fund has doubled since late last year. Can ya go wrong with food???
Food and water... super mega trends!!!
Still in the uptrending channel...
Still on a steady upward march.
The Future of Agribusiness Isn't Golden... And That's A Good Thing
By Brad Zigler
Just pointing out Brad Zigler's latest over at Hard Assets Investor. From the article (excerpt):
""Good as gold" is a phrase that's meant to assure the listener of an item's intrinsic worth. Lately, you wouldn't have used that idiom to describe agribusiness. No, you'd have to say that agribusiness is actually better than gold.
Agribusiness, represented by the Market Vectors Agribusiness ETF (NYSE Arca: MOO), has been outperforming the bullion-holding SPDR Gold Shares Trust (NYSE Arca: GLD) since late February. The Market Vectors portfolio tracks 44 global firms making up the DAXglobal Agribusiness Index. Index constituents include companies producing agricultural chemicals and farm equipment, livestock operations and biofuels manufacturers. The index roster is populated with large-capitalization issues such as Potash Corp. of Saskatchewan (NYSE: POT), Archer Daniels Midland Co. (NYSE: ADM) and Komatsu Ltd. (Pink Sheets: KMTUF) as well as smaller outfits including Maple Leaf Foods, Inc. (Pink Sheets: MLFNF) and The Andersons, Inc. (Nasdaq: ANDE).
Year-to-date, the agribusiness ETF has gained 10.3% compared with a barely perceptible 0.9% inching up in the gold trust's price."
The full article's available here: http://www.hardassetsinvestor.com/component/content/article/3/1548-a-good-thing-agribusiness-future-isnt-golden.html?Itemid=39
Great! Glad you found it useful! While I'm at it, Brad actually wrote a follow-up to this article on Friday, looking at how Bunge Ltd in particular may have boosted MOO. That article's at http://www.hardassetsinvestor.com/component/content/article/3/1524-bunge-leads-agribusiness-breakout-.html?Itemid=39. May be worth checking out, too!
That post is a great contribution here... thanks for bringing it to us!!!
The MOOve Toward Commodity Stocks--by Brad Zigler
Just wanted to point out Brad Zigler's latest on MOO, "The MOOve Toward Commodity Stocks", from www.HardAssetsInvestor.com (excerpt):
"There's been tension building between commodity investors for some time now. One camp figures the futures market is the best place to trade, while the other advocates commodity stocks.
The equity players' position has been bolstered by recent buoyancy in stock prices as commodities have slowly simmered. The boiling point may well be nigh, though.
Wednesday, the Market Vectors Agribusiness ETF (NYSE Arca: MOO), an exchange-traded portfolio tracking the 44-member DAXglobal Agribusiness Index, scored its highest close since the retracement of last year's commodity tumble began. Ending the day at $30.73, the Market Vectors ETF punched through a critical resistance level that could lead to a run-up to the $40 level."
Rest of the article and charts available here: http://www.hardassetsinvestor.com/component/content/article/3/1521-the-moove-towards-commodity-stocks.html?Itemid=39
Everybody must eat!!! MOO
MOO is climbing nice and steady...
Looks like a reverse head and shoulders in the chart... up this goes I think!!!
World Facing ‘Enormous’ Food Challenge as Water Scarcity Looms
By Alex Morales
Jan. 29 (Bloomberg) -- The world is facing an “enormous” challenge to feed a growing population because climate change is altering rainfall patterns and fresh water is becoming scarcer, the U.K. government’s top scientist said.
Governments need to boost spending on agricultural research and reconsider options such as genetically-modified foods, which have been historically rejected by consumers in Europe, John Beddington told the Environment, Food and Rural Affairs Committee.
“We have at the global level a genuine issue of world food shortage,” Beddington told lawmakers. “Can you feed 9 billion people by 2050 in some form of equitable and sustainable way?”
A 60 percent rise in food prices from early 2007 until mid- 2008 caused riots in countries including Cameroon, Haiti and Egypt. United Nations Secretary-General Ban Ki-moon said in June that as much as $20 billion a year was needed to invest in agriculture to tackle the issue.
The challenge is to grow more food, maybe 50 percent more in two decades “and doubling in four decades on less land because of urbanization, climate change and so on; with less water, and probably using less fertilizers and less pesticides” than before, Beddington said late yesterday. “It’s an enormous challenge.”
The problem for the U.K. is less pressing because the country is “relatively prosperous” and can buy food on the world market, the scientist said.
Genetically-Modified Crops
One challenge for European countries is to overcome aversion among consumers to genetically-modified, or GM, crops, he said. That aversion may be because when the technology was first used, its purpose was mainly to cut costs rather than solve “difficult problems” such as more frequent drought, saltier soils and declining rainfall, he said.
“GM is not the only answer but it may well be a part of an answer to a number of very difficult problems,” Beddington said. “If it can solve the problem, we need to be thinking about it.”
The scientist said the use of GM cotton in clothing is now “ubiquitous” and that GM foods are eaten in the U.S. and other nations outside Europe.
“I understand this is a behavioral response that something you put on your shoulders is a lot less of a concern than something you put in your mouth,” Beddington said. Still, “GM is being eaten widely throughout the world and we’ve not had indications of major problems.”
To contact the reporter on this story: Alex Morales in London at amorales2@bloomberg.net
Last Updated: January 29, 2009 06:45 EST
"One sector that I continue to follow closely is agribusiness, which technically argues for upside continuation from a base-like pattern structure that has developed since early October. A hurdle of key resistance at 29.25/75 in the Market Vectors Agribusiness ETF (AMEX: MOO) should trigger upside continuation towards 35.00-36.00 thereafter.
Perhaps such a move in the MOO will be a reflection of global food deficits going forward and/or weather-related crop failures that enable agribusiness names. Whatever the case, as long as the MOO remains above its upturning 50 DMA (now at 25.43), I will be "friendly" to the sector."
--Mike Paulenoff
Everybody wants gold? How about food? Can't eat gold.
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Van Eck Global Market Vectors
http://www.vaneck.com/index.cfm?cat=3192&tkr=MOO&LN=3-02
The Agribusiness ETF seeks to track as closely as possible, before fees and expenses, the total return performance of the DAXglobal® Agribusiness Index. The Index provides targeted exposure to companies worldwide that are engaged in the agriculture business. As such, the Fund is subject to the risks of investing in this sector.
Fund Holdings as of 2009/11/27 | |||||
Number | Holding | Ticker | Shares | Market Value | % of net assets |
1 | Potash Corp of Saskatchewan | POT | 1,460,209 | $163,017,732.76 | 9.14% |
2 | Syngenta AG | SYT | 2,718,484 | $143,998,097.48 | 8.08% |
3 | Mosaic Co/The | MOS | 2,574,446 | $139,921,140.10 | 8.02% |
4 | Monsanto Co | MON | 1,680,453 | $133,596,013.50 | 7.49% |
5 | Wilmar International Ltd | WIL SP | 28,943,751 | $130,824,001.93 | 7.34% |
6 | Deere & Co | DE | 1,716,048 | $89,852,273.28 | 5.04% |
7 | Yara International ASA | YAR NO | 1,882,492 | $78,953,738.13 | 4.43% |
8 | Archer-Daniels-Midland Co | ADM | 2,542,016 | $77,912,790.40 | 4.39% |
9 | Kubota Corp. | 6326 J | 8,307,000 | $70,419,255.95 | 3.98% |
10 | SOCIEDAD QUIMICA | SQM | 1,698,498 | $64,661,818.86 | 3.63% |
11 | IOI Corp Bhd | IOI MK | 38,225,596 | $60,844,086.95 | 3.41% |
12 | Brasil Foods S.A. (ADR) | PDA US | 1,215,969 | $57,673,409.67 | 3.23% |
13 | Agrium Inc | AGU | 1,012,588 | $55,641,710.60 | 3.12% |
14 | Bunge Ltd | BG | 865,190 | $53,477,393.90 | 3.01% |
15 | CNH Global NV | CNH | 1,532,037 | $34,945,763.97 | 1.96% |
16 | Kuala Lumpur Kepong Bhd | KLK MK | 6,742,170 | $30,999,856.59 | 1.74% |
17 | China Agri-Industries Holdings Ltd | 606 HK | 24,921,100 | $28,738,916.12 | 1.61% |
18 | Golden Agri-Resources Ltd | GGR SP | 78,327,745 | $28,021,316.72 | 1.57% |
19 | CF Industries Holdings Inc | CF | 312,728 | $26,250,388.32 | 1.47% |
20 | Terra Industries Inc | TRA | 643,961 | $25,095,160.17 | 1.41% |
21 | Olam International Ltd | OLAM SP | 12,830,087 | $24,716,079.37 | 1.40% |
22 | Tyson Foods Inc | TSN | 1,980,649 | $24,342,176.21 | 1.37% |
23 | Astra Agro Lestari Tbk PT | AALI IJ | 10,145,376 | $23,848,870.47 | 1.34% |
24 | Tate & Lyle PLC | TATE LN | 2,963,630 | $20,664,734.96 | 1.16% |
25 | AGCO Corp | AGCO | 596,596 | $17,987,369.40 | 1.01% |
26 | Viterra Inc | VT CN | 1,532,415 | $15,340,038.93 | 0.86% |
27 | Nufarm Ltd. | NUF AU | 1,409,154 | $14,925,920.71 | 0.84% |
28 | Intrepid Potash Inc. | IPI | 484,219 | $15,001,104.62 | 0.84% |
29 | Smithfield Foods Inc | SFD | 926,569 | $14,371,085.19 | 0.81% |
30 | Del Monte Foods Co | DLM | 1,276,647 | $13,570,757.61 | 0.76% |
31 | Corn Products International Inc | CPO | 481,906 | $13,493,368.00 | 0.76% |
32 | Indofood Agri Resources Ltd | IFAR SP | 9,336,520 | $13,097,503.80 | 0.73% |
33 | Nutreco Holding N.V. | NUO NA | 226,608 | $11,848,945.49 | 0.66% |
34 | Maple Leaf Foods Inc | MFI CN | 739,743 | $8,130,269.94 | 0.46% |
35 | Cosan Ltd | CZZ | 1,125,191 | $8,191,390.48 | 0.46% |
36 | Perusahaan Perkebunan London Sumatra Indonesia Tbk PT | LSIP IJ | 8,797,702 | $7,468,192.90 | 0.42% |
37 | Glanbia Plc | GLB ID | 1,894,421 | $7,371,585.97 | 0.41% |
38 | Chiquita Brands International Inc | CQB | 287,477 | $5,079,718.59 | 0.28% |
39 | Cresud SACIF y A | CRESY | 340,821 | $4,665,839.49 | 0.26% |
40 | Darling International Inc | DAR | 530,657 | $3,916,248.66 | 0.22% |
41 | GrainCorp Ltd | GNC AU | 621,874 | $3,381,173.24 | 0.19% |
42 | Andersons Inc/The | ANDE | 118,144 | $3,218,242.56 | 0.18% |
43 | Lindsay Corp | LNN | 79,464 | $2,802,695.28 | 0.16% |
44 | AWB Ltd | AWB AU | 2,421,162 | $2,602,425.90 | 0.15% |
45 | Cash | 1,918,521 | $1,918,624.52 | 0.11% | |
46 | Golden Agri--Resources Rts (0.54 SGD | GGRW1 SP | 4,714,418 | $390,814.97 | 0.02% |
Van Eck in the News - http://www.vaneck.com/index.cfm?cat=321&LN=3-09
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