Commodities, such as agriculture, have been depressed for many years, continue to be depressed. But I’m still extremely optimistic about agriculture, more so than many sectors of the world economy – Jim Rogers
With Jim Rogers quote in mind here is a section from the Thackray Market Letter. Full letter can be accessed HERE – MT Ed
Agriculture
Looking good, but the sweet spot of the trade occurs in late August/early September
The sector is currently at support and if the stock market starts to rally, this would be positive for the sector. Given that the seasonal period has not started for the agriculture sector, it is best to wait for the sector to start to show signs of outperformance.
Fertilizer Stocks
Seasonal period starts in late June, beaten up and providing a relative opportunity
PotashCorp has pulled back substantially since January. Given that PotashCorp is close to support, it currently represents an interesting opportunity.
Agrium has a better technical chart as it recently had a breakout and has since pulled back.
…to read the entire Thackray Market Letter including analysis on the Stock Market, Gold, Biotech and other go HERE
