My jaw hit the ground last week when Eric Bolling, of CNBC’s Fast Money, stated that his agriculture play was up 59% year to date. It hit the floor a second time when he mentioned how he was playing the sector. I have been trading commodity stocks for awhile, primarily gold, energy and base metal producers. The soft commodities (coffee, sugar, grains) have caught my attention on occasion. However, I couldn’t figure out how to trade them via the stock market and I wasn’t interested in the futures market.
Jim Rogers stirred my interest a few years ago when I read his book “Hot Commodities.â€Â He made it quite clear that we are in the midst of bull market in all “real things†not only oil, natural gas, and metals, but also wheat, corn, soybeans, etc. However, Rogers cut his teeth as a commodity trader. He believes that the best way to participate is to buy the underlying commodity (futures) or a commodity index fund. Since futures are not for me and mutual funds are right up there with watching paint dry, his book didn’t provide any implementation insight that I could leverage. Continue reading “Eric Bolling’s Agriculture Stock Play: Is it Too Late?”