Thursday’s USDA March U.S. acreage and stocks report showed what farmers are going to plant this spring came in at more than 92 million acres. But at 6.52 billion bushels, inventory is 15 percent less than one year ago, at a time when demand is strong.
Don't get too caught up in this rally, the "Mad Money" host said.
In targeting the most promising subsectors or individual commodities, consider platinum, palladium, copper and corn.
The world’s second-largest wheat, corn and sugar trader tells CNBC that while agricultural prices will remain high the rest of the year, the world isn't going to experience a renewed food crisis.