NEW YORK (TheStreet) -- TheStreet's Jill Malandrino discussed where investors can make money in the agriculture sector with Gary Sandlund, president of Futures International, on Tuesday.
With planting and growing conditions perfect so far this year, many floor traders may be reminded of last year's start. According to Sandlund, that can change in a hurry -- just as conditions changed last year during what became a record drought.
There could be worries on the floor about another possible drought, she said, but Sandlund downplayed it, citing this year's wet spring and late planting compared to last year's very dry spring and early planting.Globally, he said the U.S. has not taken into account the increased demand for agricultural products we'll see due to the port strikes and logistical issues in Brazil and the political unrest in Argentina. Sandlund said China will continue to be a big consumer and will "take everything they can get their hands on." While corn and wheat prices are about where they were this time last year, Sandlund doesn't believe we will experience the price jolt we did 12 months ago because of the extreme drought conditions. -- Written by Bret Kenwell in Petoskey, Mich. Follow @traderboy23 Follow @optionsprofits
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