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Experts: Invest in Corn, Coffee, Coal and Rice

Monday, 11 Jan 2010 03:57 PM

Commodities are still a good bet for investors, experts told CNBC. Commodities such as corn, coffee, coal and rice will produce good returns in 2010.

Agriculture stocks such as coffee and big grains such as corn remain a good investment because they have not attracted attention like gold.

“I'm looking at agriculture primarily because it is the commodity sector that hasn't been overrun with investors this year,” said Mark Hansen, director of Trading at CPM Group, New York, CNBC reported.

Corn is a strong commodity performer, partly fueled from high sugar prices and a government mandate for an increase in ethanol usage, Hansen said.

Hansen said he is not bullish on oil because of high inventory numbers and weak economic figures, adding that the “fundamentals are suspect.”

Investors can still buy into coal stocks and have not “missed the boat,” said Todd Kerslake, private client advisor at RBS Morgans, CNBC reported.

He also suggests investors look into iron ore stocks.

Wayne Gordon, a senior analyst in commodities & rural economics at Rabobank, said rice is a good investment since production in 2010 will decline.

The rally for commodities will not end if the dollar strengthens, experts said, Dow Jones reported.

“The supposed tie between a weak dollar and stronger commodity prices has been severed and…it may become the order of the day that commodity prices rise no matter what the dollar does. That is, we can see commodity prices rising when the dollar falls and we can see commodity prices rising when the dollar rises as well,” said economist and trader Dennis Gartman.

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Commodities are still a good bet for investors, experts told CNBC. Commodities such as corn, coffee, coal and rice will produce good returns in 2010. Agriculture stocks such as coffee and big grains such as corn remain a good investment because they have not attracted...
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Monday, 11 Jan 2010 03:57 PM
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