Today we are going to play "best of breed" in conglomerates, and the winner is Archer Daniels Midland ( ADM).ADM is a world leader in the production of soy meal and oil, corn for ethanol and sweeteners, wheat for bakery products and cocoa for a number of chocolate products. The company also makes specialty food ingredients and specialty feed ingredients. The Decatur, Ill.-based company has over 27,000 employees, more than 240 processing plants and net sales of $44 billion for the fiscal year ended June 30, 2007. ADM is truly the "supermarket to the world" and is my preferred play on ethanol. The stock is rated a buy according to ValuEngine with fair value at $38.00. Last week, the stock moved above its 200-day simple moving average at $34.50 and held that level amid Monday's weakness, closing at $34.91. To take advantage of this under-priced behemoth, I will place a limit order at $5.90 for 10 March 30 calls (ADMCF).