2024-03-26 12:34:28 ET
Summary
- VanEck Agribusiness ETF is in a bearish trend, but the upside potential is attractive compared to downside risks.
- Grain prices remain near lows, with soybean, corn, and wheat futures recovering but still not far above their recent lows.
- Soft commodities, such as sugar, coffee, cocoa, cotton, and orange juice, have seen significant gains in 2023 and continue to rally in 2024.
On January 23, 2024, I posted a Seeking Alpha article on the VanEck Agribusiness ETF (MOO) product. I wrote:
While MOO remains in a bearish trend, it has declined to a level where the upside potential is more attractive than the downside risks. I am a buyer of MOO, leaving room to add on further declines. Agricultural commodities feed and power the world, and MOO is the agribusiness pick-and-shovel ETF product that will benefit from increasing food and alternative energy demand.
Read the full article on Seeking Alpha
For further details see:
MOO: Diversified Exposure To Agribusiness