By Robert Baillieul

Severe drought and record heat is wreaking havoc on the mid-west food harvest. Lower farm yields and dwindling inventories have resulted in a 50% surge in corn prices over the past month with little relief in sight. But record food prices have created a boom for agricultural chemical companies. The sector is up 13% in the last month with traders are betting that higher food prices will boost demand for fertilizers.

walter / Tag: MOS, CF, POT, AGU / 0 Comments

And the Oscar Goes to...

By David Brown, Chief Market Strategist, Sabrient Systems

Despite spending much of the day below the 200-day moving average, the S&P 500 closed at 2986.94, just barely above the 200-day MA, thus, avoiding a marker that hasn’t occurred since last September.

david / Tag: KOF, MOS, SBNY, TSO / 0 Comments