Agriculture stocks have been on a slow burn for shareholders. Continually drifting lower, frustrating even the most patient investors, it's been a difficult few years. Perhaps there is a light at the end of the field, or is it just another firefly?
Let me start with our Canadian Agriculture plays and work into the US market.
Agrium on the $TSX, AGU.TO (also on NYSE at AGU). The SCTR is sun-rising above 30 from an oversold level. The Full Stochastics have turned up like weeds in summer. The MACD has also flipped onto a buy signal. That is the optimistic side. The Relative Strength is still very, very weak. The volume is meagre and the the price is below the long term 40 WMA. Some signs of a sunrise, but we are not in the heat of the day yet.
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