The agricultural business sector of the market has been slow to keep pace with the pronounced growth in the major indices over the last year. The flagging prices of agricultural commodities such as corn, wheat and soybeans have capped the gains in fertilizer and other supply companies that are heavily tied to crop production.
Market Vectors Agribusiness
Fortunately, those misfortunes may be soon be put to rest as the price of the Market Vectors Agribusiness (ETF) (NYSE: MOO) is testing its 52-week highs. MOO has more than $1.5 billion invested in 58 global agriculture companies that derive a significant portion of their profits from this industry.
The portfolio is structured with 50 percent of the ...
/www.benzinga.com/etfs/sector-etfs/15/01/5183143/3-agriculture-etfs-seeking-to-breakout alt=3 Agriculture ETFs Seeking To Breakout>Full story available on Benzinga.com
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