Archer Daniels Midland Co.
After years of lying fallow on Wall Street, the stocks of companies
catering to soaring worldwide demand for food and biofuels sprouted in
2007. A thirst for ethanol caused shares of Archer Daniels Midland Co.
to jump 45 percent, while Deere & Co., the world's largest
producer of farm equipment, saw its stock nearly double. The top winner:
CF Industries Holdings Inc., a maker of fertilizer, with a stock that
more than tripled. "The impact of food and fuel was enormous in
2007, and the momentum should continue this year," said Chicago
investment manager William Hummer. Companies with huge exports, notably
Deere and McDonald's, did especially well because of a weakening
dollar, he said.
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