Agriculture Boom?

correctcall:
I couldn't find anything about ticker/company ON, please would you provide a link for further research.
As for ADM, despite trading at its 52 week high ADM appears to be cheap on a valuation basis. Shares trade for just 13 times trailing earnings and 14 times forward earnings.
The company pays a steady 1% dividend to go along with a strong balance sheet.
Entire agriculture space will probably see an upside down moves, but I'm bullish and think it's a fine place to invest even with the recent rise.

Other good names to look at in the sector are: CF, MON, MOS, POT, AGU, BG, IPI

Today we saw a big sector rotation out of the ag sector and into financials I would look for this trend to continue so it may be wise to hold off on the ags for at least a while

Ag names still have a a while to go and the charts all look good, its just a matter of waiting for pullback to get in and being able to handle the volitility going forward

The World Bank estimates food costs have risen 83% over the past three years, led by a 181% gain in wheat prices, and will probably stay high long into the future.
For example, in Chesapeake, Virginia, school board
officials are thinking about raising the price of school
lunches — already the most expensive in the area — for the second time in the past two years. Mexico’s iconic corn tortillas are getting too expensive for some in the country to afford. Near Wall Street, signs in pizzerias have popped up explaining the need to pass along soaring costs for cheese and dough to customers, while Vietnam has banned the export of rice to keep domestic prices down.
I think of some "food stocks" like:
Whole Foods / WFMI
Kroger / KR
Corn Products International / CPO
What's your idea?

Personally I would like to stay closer to the source and stay with something more like POT or MOS