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Ag-mazing August

With bumper crops and surging prices, American agriculture has had a great August.

Just take a look at the moves in the spot prices of some of the nation’s biggest soft commodities:

Month To Date % Change

Corn +27%
Wheat +46%
Sugar +23%

What should you make of it?

Corn looks phenomenal in key growing states so we suggest being buyers of users of corn, says Farha Aslam of Stephens Inc. Those companies should have an advantage.

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Of course you’d never guess the environment for ag was this robust from the recent action in Monsanto. This producer of seeds, weed killer and assorted other products used to plant and grow food is lower by about 10% in the same time period.

Monsanto hasn’t performed well lately but I think it’s a company-specific issue stemming from their Round-Up business, muses Pete Najarian. The rest of the fertilizer names are on fire.

I don’t like Monsanto either, adds Joe Terranova. I’d play the ag space with Potash, Agrium or Mosaic .


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Trader disclosure: On August 31st, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Seymour owns (AAPL), (BAC), (EEM), (INTC), (POT); Adami owns (AGU), (BTU), (NUE), (C), (GS), (INTC), (MSFT); Adami’s wife works at Merck; Grasso owns (ASTM), (BA), (BAC), (C), (CSCO), (JPM), (LPX), (MO), (MOT), (NDAQ), (PFE), (PRST); Terranova Owns (AXP), (GS), (IBM), (QCOM), (AAPL), (GOOG), (BRCM), (TER), (MSFT), (C), (MRVL), (BMO), (V), (POT), (OXY), (GLD), (SU), (FCX), (APA), (XBI)

For Joe Terranova
Terranova is chief market strategist of Virtus Investment Partners, LTD.
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For Steve Grasso;
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For Peter Schiff
Funds managed by Schiff own (POT)
Funds managed by Schiff own (BHP)

For David Levy
***No Disclosures***

For Colin Gillis
***No Disclosures***

For Farha Aslam
***No Disclosures***

For David Bank
RBC Capital Markets is currently providing Time Warner Inc. with non-investment banking securities-related services.

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