Leaning Bullish on Agriculture
Are agricultural commodities about to break out? While oil and gold have been driving the headlines, farm products have been relegated to the back seat. That could be about to change, as a variety of agriculture-based investments appear to be on the verge of a rally.
The April live cattle contracts, which are traded on the Chicago Mercantile Exchange, reached a new high of 131.20 cents per pound yesterday. But if the cow jumps over the moon, will it bring the rest of the farm along for the ride? The bullish setups currently forming in agriculture-related ETFs and ETNs seem to indicate a more general move higher....536 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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