Numbers & Narratives – March 10, 2021

Numbers & Narratives – March 10, 2021

Quick collection of ag stock stats and stories


#9 and #41: Deere ($DE) and Scotts Miracle-Gro ($SMG) rankings in the March 8 Investor’s Business Daily IBD 50 weekly computer-generated list. Deere slipped one spot from the previous week and was “extended” at $349.83. Scott, which slipped six spots from the previous week, was given a sell signal at $200.98. Subscribe to IBD here.

$16.25: Price target for Bioceres ($BIOX), per Zacks Small Cap Research’s Steven Ralston. BIOX closed yesterday (3/9/21) at $7.85.

Stocktwits momentum: Among agriculture stocks with more than 300 followers on Stocktwits, the 5 largest percentage increase in followers for the week of March 1, 2021 to March 8, 2021 were:

AppHarvest ($APPH): + 30.1%

S&W Seed ($SANW): +5.5%

GreenGro Technologies ($GRNH): +3.2%

AGCO ($AGCO): +2.0%

Calyxt ($CLXT): +2.0%

Soybean production: The March 2021 World Agricultural Supply and Demand Estimates (WASDE) report forecasts higher Brazilian soybean production. Farm Futures’ Ben Potter has the summary.


AppHarvest ($APPH) President David Lee appeared on Benzinga’s “SPACs Attack” show. As with most of the company’s recent presentations and chat appearances, there will be much for AppHarvest bulls (and bears) to like (or dislike.) The interview begins at the 20:00 mark. Lee speaks today (3/10/21) at World-AgriTech.

Global Cannabis Applications Corp ($FUAPF) is offering cannabis growers, suppliers and end users the first “seed to sale to seed” process, according to CEO Brad Moore in an interview with veteran broadcaster Jane King. Moore says the “efixii” (a play on “efficacy”) platform uses mobile technology, blockchain, and algorithms to ultimately drive consumers’ confidence in cannabis products. The one-year return on the stock is 917%.

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