Look to Domino's, Kellogg to Play the Drop in Corn, Wheat Prices

Food prices declined 1.6% in February, marking their third straight monthly decline, with even more pronounced declines among some key input commodities like corn, wheat and soybeans.
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Food prices declined 1.6% in February, marking their third straight monthly decline, with even more pronounced declines among some key input commodities like corn, wheat and soybeans. RealMoney Pro contributor Chris Versace explains that these declines mean lower costs and a potential boost for pizza companies like Domino's and Papa John's. However, declines in these types of commodities are likely to pressure farmers' income. With less money to spend on new agriculture equipment, that's likely to negatively impact companies like Deere, CNH Global and AGCO. Versace reveals that his favorite ways to play the decline in prices of corn, wheat and soybeans is through Domino's and Kellogg.