<< Read Full Article
<< Read Full Article
Sector Snap: Agriculture Cos.
Stock quotes in this article:
BG
- Loading Comments...
NEW YORK (AP) — The worst drought in Argentina in 40 years means that a big chunk of the world's demand for corn, wheat and soybeans will move to U.S. suppliers, an analyst said, at the same time grain prices are rising.
"The worst-case scenario in the agricultural processor universe appears to be abating," Citi Investment Research analyst David Driscoll said in a note to investors Friday.
He upgraded agribusiness company Archer Daniels Midland Co. to "Hold" from "Sell" and raised his price target on agriculture processor and fertilizer maker Bunge Ltd. to $65 from $55. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,308.26 | 1,096.07 | 2,180.05 | 34.87 |
Oil *
73.22
|
|
DOWN
132.86
|
DOWN
13.11
|
DOWN
26.86
|
DOWN
1.09
|
10 Yr
3.49%
SPDR Gold
107.34
|
|
-1.27%
|
-1.18%
|
-1.22%
|
-3.03%
|
Data delayed 20 minutes |
Connect with TheStreet