Potash (NYSE:POT), Syngenta (NYSE:SYT), Archer Daniels Midland (NYE:ADM), CF Industries Holdings (NYSE:CF) and Deere & Company (NYSE:DE) are five agriculture stocks with potential upside of 8%-21%. Being analysts' favorites, these stocks have no sell ratings.
The agriculture industry is the talk of the street since a few months now, as global food demand has elevated to historic highs. The beneficiaries of this trend include the farming industry, equipment suppliers, fertilizer and pesticide companies and other service providers.
Moreover, weather-related production shocks in major food exporting countries have triggered this crisis. On the demand side, rising income levels and a growing middle-class in emerging markets like China and India are pushing food demand further.
With the world facing tight supply conditions for milling-quality wheat, as Australian wheat production has downgraded and European supply is offline, the U.S. is now the best source for milling-quality wheat to meet increasing demand from North America and the Middle East. To benefit ethanol producers, the U.S. government has extended its 45 cents per gallon tax credit by a year.
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