Monday, June 18, 2007

Chart of the Day: Bunge at

From comes an upstream name you don't hear near as often as POT, DE, MOS etc.

" What would you say if I told you that food supplies are at their lowest levels in 35 years, while the number of acres being planted for food grains is at its lowest level over the same period? It sounds to us like a great supply/demand relationship for higher agriculture prices."

"The bullish agricultural theme is getting some legs here and the sector overlays several other strong groups in this market, such as machinery, chemicals, biotech, food and consumer staples, which can only help."

"The worldwide bull market for commodities isn't hurting the case for agriculture stocks either. This is a sector that has all the stars aligned for a continued bull move to the upside in the coming months."