How to Profit From the Russian Wheat Shortage
August 24, 2010 at 06:00 AM EDT
Russian wheat farmers have a tough life. Having grown up on a working farm in Oregon, I understand this all too well. Those days taught me a lot about hard work and patience. Four decades later, as I read news stories about the current travails of Russian wheat farmers, the memories of getting up on wet winter mornings for the pre-dawn goat milking - or having to drive a tractor when I was only six years old - engender a lot of empathy for the difficult challenges the wheat farmers face. Wild fires are racing through unharvested wheat fields, the result of a Russian heat wave that has destroyed more than one-fifth of that country's wheat crop. In addition to causing the farmers considerable pain, the crop losses have caused wheat prices to double this summer. This has spawned an export ban in Russia, which effectively removes the third-largest exporter in the world from the market. It's also created a major profit opportunity for U.S. investors. Let me explain. For strategies that will help you profit from the Russian wheat shortage, please read on....