2024-05-28 13:06:14 ET
Summary
- VanEck Agribusiness ETF provides diversified exposure to agribusiness with significant upside potential due to the growing global population and demand for agricultural commodities.
- Stock market indices have reached record highs, signaling the potential for a rally in commodities.
- Leading agricultural prices recover in Q2 2024, with soybeans, corn, and wheat showing positive movement.
In a March 26, 2024, Seeking Alpha article on diversified exposure to agribusiness, I recommended VanEck Agribusiness ETF (MOO). The MOO ETF product was trading at $73.81 per share on March 26, when I concluded:
At the start of the 2024 planting season, Mother Nature's weather is the most significant factor for the path of least resistance for many of the agricultural commodities. As the worldwide population has grown to over eight billion, and many countries are addressing climate change with alternative and renewable fuels that depend on agricultural commodities, the pick-and-shovel agribusinesses held by MOO have significant upside potential. MOO is a diversified agribusiness ETF product that provides exposure to the commodities that feed and increasingly power the world.
Read the full article on Seeking Alpha
For further details see:
Update On MOO: Grain Prices Recover, A Bullish Sign