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Monsanto, Potash Have Room to Grow: Pros

Up 11 percent over the past three months, Monsanto still has upward potential, OptionMonster.com’s Jon Najarian said Wednesday on CNBC.

The biotech stock was up 62 percent over the past two years, a trend that could continue as the company’s genetically engineered, drought-resistant seeds stand to be in more demand over the next year or so, Najarian said on “Fast Money.”

“I think Monsanto’s doing a lot of things right,” he said.

On Tuesday, Zack Shafran’s Ivy Science & Technology Fund and Drakon Capital’s Guy Adami named Monsanto as one of their favorite plays.

(Read More: 3 Under-the-Radar Stock Picks: Zack Shafran)

Shelter Harbor Capital’s Brian Kelly sounded like a buyer.

“I love Monsanto,” he said. “That’s probably my favorite in the group. And now you have something to shoot against. It broke above $90. You can now use that as kind of a stop-out level, technical breakout here; I think it goes much higher.”

Short Hills Capital’s Stephen Weiss liked the entire space.

“People forget that some of the fertilizer companies, potash companies are a cartel, so I like POT, I like MOS,” he said. “I think you buy the whole sector.”

Trader disclosure: On Sept. 19, 2012, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders: Jon Najarian is long call spreads in AAPL; Jon Najarian is long call spreads in JPM; Jon Najarian is long call spreads in GLD; Jon Najarian is long call spreads in FB; Jon Najarian is long call spreads in AMZN; Jon Najarian is long call spreads in GOOG; Jon Najarian is long call spreads in SINA; Jon Najarian is long call spreads in OPEN; Jon Najarian is long call spreads in GLW; Jon Najarian is long call spreads in PXD; Jon Najarian is long GLUU; Jon Najarian is long CME; Jon Najarian is long CBOE; Jon Najarian is long STSI; Steve Weiss is long AAPL CALLS; Steve Weiss is long EUO; Steve Weiss is long M; Steve Weiss is long AIG; Steve Weiss is long BAC; Steve Weiss is long BBT; Steve Weiss is long LCC; Steve Weiss is long QCOM; Steve Weiss is long SODA; Steve Weiss is long BRCM; Steve Weiss is long HK; Steve Weiss is long CLNY; Steve Weiss is long AMTG; Steve Weiss is long MTGE; Steve Weiss is short AAPL PUTS; Steve Weiss is short AKS; Steve Weiss is short RIO; Steve Weiss is short VALE; Brian Kelly is long GLD; Brian Kelly is long SLV; Brian Kelly is long QQQ; Brian Kelly is long EEM; Brian Kelly is long TIP; Brian Kelly is long RNA; Brian Kelly is long WHEAT; Brian Kelly is long CORN; Brian Kelly is long SOYBEANS; Steve Grasso is long AET; Steve Grasso is long ASTM; Steve Grasso is long AUO; Steve Grasso is long BA; Steve Grasso is long F; Steve Grasso is long LNG; Steve Grasso is long MHY; Steve Grasso is long NVIV; Steve Grasso is long PFE; Steve Grasso is long S.

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