GO
Loading...

Trading the Worst Drought in 50 Years

As American farmers suffer through the U.S.’s worst drought in 50 years, large portions of the nation’s corn crop is faltering. Nevertheless, “Mad Money” host Jim Cramer still thinks “there’s always a bull market somewhere.”

“How do you play this hideous drought that’s killing crops all over the country, and causing the price of food to soar at the same time?” Cramer asked. “How can you profit from this scorched market? “

For answers, Cramer turned to Tim Collins, a highly regarded technician on Wall Street. Yields of corn were so badly affected by the drought that Collins doesn’t think farmers or traders will forget it anytime soon. As a result, he thinks there will be more demand for Monsanto’s genetically-modified seeds, which tend to produce more resilient crops.

Perhaps more importantly, though, Collins sees an opportunity developing in Monsanto’s charts. Watch the video to see Cramer break down the technical analysis.





@MadMoneyOnCNBC on Twitter

"Mad Money" on Facebook

Call Cramer: 1-800-743-CNBC

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the "Mad Money" website? madcap@cnbc.com

Symbol
Price
 
Change
%Change
MON
---

Featured

Contact Mad Money

  • Showtimes

    U.S.
    Monday - Friday 6p ET
    Australia
    Saturday 8a, 1p, 7p SYD
    Sunday 12a, 1a, 8a, 7p SYD
    New Zealand
    Saturday 10a, 3p, 9p NZ
    Sunday 2a, 3a, 10a, 9p NZ
  • Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

Mad Money Features

  • Grab the latest CNBC gear from the NBCUniversal Store!

  • Get a behind-the-scenes look at how Cramer formulates his investment advice. "Inside the Madness" is a column, which features e-mails and more with Cramer and his researcher Nicole Urken.

  • You’ve always wanted to hit the “Hallelujah!” button. Here’s your chance.