Bolling: Ride These Four Ag Winners

Sen. John Mc Cain (R., Ariz. ) authors the gas tax holiday and Sen. Hillary Clinton (D., N.Y.) jumps on the back of that horse right away. Barack Obama (D., Ill.), to his credit, has passed the first semester because he sees a savings of just $28 to $30 per household. However, he must have been in Rev. Wright's church during the second semester when he was supposed to learn how taxing corporate profits destroys capital spending.

Oil companies reinvest capital into exploration and production at an astounding rate in order to keep the oil flowing to our refineries. Taxing them on a windfall basis draws funds needed for exploration away from the oil fields and into Washington's hands.

Neither Clinton, Obama or McCain have a handle on how to deal with our love affair with gasoline and our subsequent dependence on foreign suppliers of crude oil. I'll get off my soapbox now, let's talk trades.

Given the current political environment, ethanol will remain a favorite "solution" to our gasoline dilemma. In this election year, no one seems interested in suggesting that ethanol be scrapped for the joke it is and that it stop engorging itself on our food supply. Grain demand for food and ethanol has an incredible footprint in the agri-business arena.

More than a year and a half ago, I was suggesting that the demand for corn-based ethanol would provide great trading opportunities going forward. (Check out this article from last year on the play.)

I remain an agri-business bull as the landscape has not changed. Corn will continue to be strong. Wheat will compete with corn for planting acres and farmers will continue to make big bucks no matter what they seed their land with. That means more money in the farmer's pockets to spend!