Fast Money's Corn Trade
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Created by barrons2
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Date updated:06-18-2008

Corn prices pushed higher Monday, closing in on $8 a bushel, as devastating Midwest floods raised fears of a sharply smaller U.S. corn crop and another spike in world food prices. What is the trade?

symbol name last price % change open
  • +
  • PPC
    Pilgrims Pride Cp
  • $13.06
  • -11.16%
  • $14.69

Terranova said price action in corn has mirrored that of oil, rising this morning and then closing lower. He recommend that investors buy Pilgrim's Pride (PPC). Adami agreed, saying that Pilgrim's Pride is a good play on a top in corn prices.

People owning PPC also tend to own: AAPBAMBRK-ACMTDPZDSLDST

TheStreet.com Rating: D+ What is this?

  • +
  • FDP
    Fresh Del Monte P
  • $23.44
  • +2.67%
  • $22.65

Chaquita banana warned Monday, adds Jeff Macke. I think you can trade off that and get long Fresh Delmonte (FDP) with a stop at $25.

People owning FDP also tend to own: BFKCHKCMCSACOPDBNDFJEWT

TheStreet.com Rating: B- What is this?

  • +
  • DD
    Du Pont E I De Ne
  • $44.34
  • +1.03%
  • $44.09

Najarian said he likes DuPont (DD) on a valuation basis.

People owning DD also tend to own: ABTAMXAUYBAPBRK.BBVFFCX

TheStreet.com Rating: B What is this?

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