Prices of corn, wheat, and other agricultural commodities have been soaring. Yet some agricultural stocks have not been keeping pace. That’s created a buying opportunity in shares of companies like Corteva and FMC.
You wouldn’t know it from recent trading. Corteva and FMC , makers of crop inputs like pesticides, herbicides and seeds, reported earnings this past week. Corteva shares fell 4.2% the day it reported, while FMC dropped 3.6%. The earnings were fine—both companies beat—but neither company materially boosted full-year earnings guidance even though crop prices are up. That was a disappointment.
This time may be different. Supply is growing. But there is a new source of demand. China is importing vast amounts of corn, some 32 million metric tons in 2020 and 2021, almost as much as the country imported during the previous 20 years.
Boo
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stocks Poised to Extend Decline, Led by TechS&P 500 futures pointed to steepening losses after the opening bell, with technology stocks on track to be among the worst performers.
Source: WSJ - 🏆 98. / 63 Read more »
European stocks and U.S. equity futures mixed after records, with commodity stocks in the leadThe week was kicking off with gains for the Stoxx Europe 600, which was aiming at a fresh record, though slightly more cautious. U.S. futures were mixed,...
Source: MarketWatch - 🏆 3. / 97 Read more »
Morgan Stanley names stocks that will win as global shipping industry bounces backNew for subscribers: Morgan Stanley names stocks that will win as global shipping industry bounces back. Check out CNBCPro today. Pro What ever happened to the JP Morgan Chase Coke boat?! 🤔 Pro The only ocean shipping which is traded in NASDAQ is $ZIM, will be reporting amazing result since ocean freight rate has risen to historical level; it seems to last at least into Q3 of 2022 ! JonahLupton . Small cap, huge growth.
Source: CNBC - 🏆 12. / 72 Read more »
The Future for Private-Equity Stocks Doesn’t Rest on TaxesHeard on the Street: Tax changes have been important for the private-equity industry, but that might not be the case in the Biden administration Reasons Why Not To Invest&Visit in South Africa: 1. Racist BBBEE laws 2. Corruption 3. Crime 4. Unfriendly labour legislation 5. Land Expropriation without compensation 6. Failing infrastructure 7. No electricity 8 Illegal foreigners 9 City Name Changes(Port Elizabeth) Top 5 richest person in the world Translation: Tax changes have been important in helping wealthy people stay that way
Source: WSJ - 🏆 98. / 63 Read more »
Analysis: Fund managers see value, cyclical stocks running further despite slow U.S. jobs recoveryWhile some technology stocks got a boost Friday after a disappointing U.S. jobs report, some portfolio managers say that blow-out earnings from several large technology companies over the last few weeks are not enough to keep making outsized bets on the sector. Herve_H_Lecoq Toujours sur ton smartphone, on t’as reconnu avec ta casquette !!
Source: Reuters - 🏆 2. / 97 Read more »