With corn continuing to surge on Monday, how should you game ag?
"I own Deere ," says trader Stephen Weiss. "The stock was decimated when the market sold-off. I think it's still very cheap."
"I hate Monsanto," counters trader Scott Nations. "It's a poorly run company. It's getting killed by Chinese generics and their modified products don't do what they're supposed to do."
Meanwhile, trader Rich Ilczyszyn, senior market strategist of MF Global thinks corn could trade $8. Get all the details. Watch the video now!
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Trader disclosure: On August 29, 2011, 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); Seymours own (BAC); Adami Owns (AGU); Adami Owns (C); Adami Owns (GS); Adami Owns (INTC); Adami Owns (MSFT); Adami Owns (NUE); Adami Owns (BTU); Weiss Owns (AAPL); Weiss Owns (AGU); Weiss Owns (JPM); Weiss Owns (QCOM); Weiss Owns (VZ); Weiss Owns (DE); Weiss Owns (NIHD); Weiss Owns (COP); Weiss Owns (DVN); Weiss Owns (TWM); Weiss Owns (SDS ); Karabell own (AAPL); Karabell own (BAC); Karabell own (GS); Karabell own (GOOG); Karabell own (JPM); Nations is long (SPY)
For Zach Karabell
Rivertwice Capital is short (SAFM)
Rivertwice Capital is short (SPY)
Rivertwice Capital is short (QQQ)
Rivertwice Capital and Karabell own (MON)
Rivertwice Capital is short (XLF)
Rivertwice Capital is short (SPY)
Rivertwice Capital is short (GLD)
For Todd Gordon
Accounts Managed By Aspen Trading Group Are long the Yen
Accounts Managed By Aspen Trading Group Are long the Singapore Dollar
Accounts Managed By Aspen Trading Group Are short Aussie Dollar
Accounts Managed By Aspen Trading Group Are short US Dollar
For Randy Binner
The primary analyst(s) covering the issuer(s), Randy Binner, certifies (certify) that the views expressed herein accurately reflect the analyst's personal views as to the subject securities and issuers and further certifies that no part of such analyst's compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed by the analyst in the report. The analyst(s) responsible for this research report has received and is eligible to receive compensation, including bonus compensation, based on FBR’s overall operating revenues, including revenues generated by its investment banking activities.
For Seamus Fernandez
On July 15, 2004 Leerink Swann placed a Market Perform rating on BMY. Leerink Swann LLC is willing to sell to, or buy from, clients the common stock of Bristol-Myers Squibb on a principal basis. Leerink Swann placed a Market Perform rating on LLY on January 3, 2007. Leerink Swann LLC is willing to sell to, or buy from, clients the common stock of Eli Lilly & Company on a principal basis. On July 1, 2005 Leerink Swann placed a Market Perform rating on PFE. Leerink Swann LLC is willing to sell to, or buy from, clients the common stock of Pfizer, Inc. on a principal basis. In the past 12 months, an affiliate of the Firm, Leerink Swann Consulting LLC, has received compensation for providing non-securities services to: Pfizer, Inc.
CNBC.com with wires.
