Bunge Ltd. (BG)

[LCrigger]

Bunge Leads Agribusiness Breakout
Written by Brad Zigler

From Hard Assets Investor (excerpt):

"Thursday's equity market rally provided confirmation of the commodity stock breakout discussed in yesterday's Desktop piece "The MOOve Toward Commodity Stocks". (link: http://www.hardassetsinvestor.com/component/content/article/3/1521-the-moove-towards-commodity-stocks.html?Itemid=39)

The Market Vectors Agribusiness ETF (NYSE Arca: MOO) gained 22 cents to close at $30.95, while the GreenHaven Continuous Commodity Index ETF (NYSE Arca: GCC) finished at $22.20, a loss of 29 cents. The disparate closes ratcheted the MOO/GCC ratio to a new year-to-date high of 1.39.

One of the stocks leading the agribusiness sector higher was giant Bunge Ltd. (NYSE: BG), a New York-based outfit that makes up 3.9% of the Market Vectors portfolio. Thursday, Bunge climbed $1.71, or 3.1%, higher to finish at $57.63."

Read the full article here: http://www.hardassetsinvestor.com/component/content/article/3/1524-bunge-leads-agribusiness-breakout-.html?Itemid=39