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  • Market Vectors Agribusiness ETF Takes A Hit As UBS Downgrades Top Holders (MOO) 0 comments
    Aug 28, 2009 02:12 PM | about stocks: MOO, ADM, DE, KMTUY.PK, KUB, MON, POT, SYT, MOS, WLMIF.PK, YARIY.PK, UBS

    cow-mooUBS Investment Research (UBS) downgraded two top agriculture companies Mosaic Co (MOS) and Potash Corp (POT) to Neutral from Buy on Friday.  This comes after The Department of Agriculture says profits for U.S. farmers will plunge more than expected this year, dropping 38 percent from 2008 as the recession erodes demand for crops, livestock and dairy products.

    These downgrades put pressure on the Market Vectors Agribusiness ETF (MOO) which holds top stakes in the two companies.  The ETF (MOO) primarily invests in equity securities of U.S. and foreign companies primarily engaged in the business of agriculture.  The ETF has enjoyed nice gains since it’s November 08 low.

    We have included a list of the top holdings within the ETF:

    TOP 10 HOLDINGS (MOO) ( 60.41% OF TOTAL ASSETS) 
     
    CompanySymbol% Assets
    ARCHER DANIELS MDLND(ADM)5.78
    DEERE CO(DE)4.85
    Komatsu Ltd.N/A4.55
    Kubota CorporationN/A4.54
    MONSANTO COMPANY(MON)6.08
    POTASH CP SASKATCHEW(POT)8.82
    SYNGENTA AG ADS(SYT)7.8
    MOSAIC COMPANY (THE)(MOS)7.6
    Wilmar(F34.SI)5.67
    Yara International(YAR)4.72

    Here is a look at a what the ETF has done in the past year below:

    Chart for Market Vectors Agribusiness ETF (<a href='http://seekingalpha.com/symbol/moo' title='More opinion and analysis of MOO'>MOO</a>)

    Disclosure: No Positions

    Themes: agriculture ETF, crops, DOA, downgrades, farmers Stocks: MOO, ADM, DE, KMTUY.PK, KUB, MON, POT, SYT, MOS, WLMIF.PK, YARIY.PK, UBS
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