25Jun3:32 pmEST
Ags: The Other Commodity Meat
Much like those commercials from the 1990s centered around the theme of pork being the "other white meat," ags and ag-related stocks somehow seem to be overlooked when parts of the commodity complex rally.
Case in point: The rally in precious metals and miners, not to mention a modest bounce in crude, seem to have more than overshadowed a chart like CF, below on its daily timeframe.
CF Industries Holdings, Inc. is a manufacturer and distributor of agricultural fertilizers, based just outside of Chicago. You are talking about a $10.5 billion market cap company which is flagging nicely above defined resistance for a potentially massive base bottom. Some other ags are improving. But CF looks to be one of the better, more actionable names out there right now being met with little fanfare.
As an aside, other commodities which have my eye here beyond the commodity stocks like CF: Cocoa (NIB ETN) and coffee (JO ETN).
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