Brian Kelly Recommends The Andersons, Inc. (ANDE)

Brian Kelly said on CNBC's Fast Money that he likes The Andersons, Inc. ANDE. He explained that The Andersons, Inc. (ANDE) is long wheat, and wheat prices are going through the roof. He added that in July CME changed the rules on what they can charge as a storage facility. As long as the spreads stay wide that storage rates will go up. Brian Kelly expects an increase of 30% in storage rates by the end of the year, and that is the reason he likes ANDE. The Andersons, Inc. (ANDE) fell 0.42% in the regular trading session today, but it gained 1.23% in the after hours.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: CNBCLong IdeasFast MoneyMediaTrading IdeasBrian KellyConsumer StaplesFood Distributors
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!