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Dennis Gartman Bullish on Shippers that Move Corn

2012 has kicked off in the green; and it appears green is a theme that strategic investor Dennis Gartman likes a lot.

Gartman tells us his best trade going forward this year is ag. “Agriculture and the ability to ship the agriculture around the world – those are the two things to pay attention to,” he says.

AsGartman first told us back on March 19th, European farmers are suffering from droughts and other challenging conditions. And now, more than ever, Europe's pain looks like America's gain.

“Our farmers are growing a monster corn crop – the biggest acreage in corn since 1937,” he says. “Back then all we grew was 30 bushels per acre and now we're growing 165 bushels per acres. And I expect that we export a lot of it.”

As a result, “I’d own ag and the shippers who move corn,” he says.

In case you’re wondering, ahead of the broadcast Gartman told us his favorite shippers were Diana and DryShips both of which move bulk freight.

* And on a related note Gartman also likes Cheniere which moves nat gas and Frontline which moves oil.






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Trader disclosure: On Apr 2, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Anthony Scaramucci is long BAC; Anthony Scaramucci is long C; Anthony Scaramucci is long JPM; Anthony Scaramucci is long IBM; Anthony Scaramucci is long SBUX; Anthony Scaramucci is long AMZN; Guy Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long MSFT; Guy Adami is long NUE; Guy Adami is long AGU; Guy Adami is long BTC; Jon Najarian is long AAPL CALL SPREADS; Jon Najarian is long AKS CALL SPREADS; Jon Najarian is long GS CALL SPREADS; Jon Najarian is long WNR CALL SPREADS; Jon Najarian is long JOY CALL SPREADS; Jon Najarian is long SBUX CALL SPREADS; Jon Najarian is long GDXJ CALL SPREADS; Jon Najarian is long FCX CALL SPREADS; Jon Najarian is long CBOE; Jon Najarian is long CIGX; Jon Najarian is long CME; Tim Seymour is long BAC; Tim Seymour is long CSCO; Tim Seymour is long GMCR; Tim Seymour is long FCX; Tim Seymour is long GFI; Scott Nations is long BAC; Scott Nations is long C; Scott Nations is long SPY

For Kevin McVeigh
Macquarie Group Limited together with its affiliates, beneficially owns 1% or more of a class of common equity securities of V

For Paul Newsome
Sandler O'Neill expects to receive or intends to seek compensation from EMC Insurance Group Inc. for investment banking services in the next three months.
As of the date of this report, Sandler O'Neill currently acts as a market maker in the securities of EMC Insurance Group Inc..
Sandler O'Neill has received compensation from EMC Insurance Group Inc. for providing products or services other than investment banking services in the 12-month period ending as of the second most recent month preceding the date of this report.

For Dennis Gartman
Dennis Gartman is long DSX
Dennis Gartman is long LMG
Dennis Gartman is long FRO
Dennis Gartman is long GOLD
Dennis Gartman is short S&P FUTURES
Dennis Gartman is short YEN

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