US-listed stocks positively correlated to soft commodity prices
Category: Business and Money > Finance
Asked by: plum209-ga
List Price: $77.00
08 Jun 2006 12:45 PDT
Expires: 08 Jul 2006 12:45 PDT
Question ID: 736477
I would like to see a list of tickers for publicly traded companies that stand to benefit from rising soft commodity prices. "Softs" include: coffee, cocoa, sugar, cotton, OJ, lumber. These companies should be listed on NYSE, AMEX, or NASDAQ. So far I only have some for lumber: RYN PCL DEL POPEZ Re: coffee, please note that just because the company has the word coffee in the name doesn't mean it will benefit from rising coffee prices. Most US-listed coffee stocks that I've seen are retailers who buy the beans and serve coffee to the public or wholesalers who act as middlemen. Thanks!
Re: US-listed stocks positively correlated to soft commodity prices
Answered By: vercingatorix-ga on 12 Jun 2006 13:04 PDT
To find the stocks you seek, I started with the Dow Jones AIG Commodity Indexes (http://djindexes.com/mdsidx/index.cfm?event=showAigDataCharts). There is a subindex specifically for the softs. I downloaded five years of daily price data for the subindex and calculated a correlation coefficient between that subindex and the price movement of more than 250 consumer-staples stocks. Here are the stocks with a correlation coefficient of more than 40% with the softs index: Delta & Pine Land Co DLP United Natural Foods Inc UNFI Seaboard Corp SEB Village Super Market VLGEA Caseys General Stores Inc CASY Jones Soda Co JSDA Hanover Foods Corp/Pa HNFSA Constellation Brands STZ Church & Dwight Inc CHD Ml Macadamia Orchards -Lp NUT Wd-40 Co WDFC Flowers Foods Inc FLO Peet'S Coffee & Tea Inc PEET Willamette Valley Vineyards WVVI Parlux Fragrances Inc PARL Scott'S Liquid Gold 3SLGD Skinvisible Inc 3SKVI Archer-Daniels-Midland Co ADM Lancaster Colony Corp LANC China Natural Resources Inc CHNR Procter & Gamble Co PG Hansen Natural Corp HANS Redhook Ale Brewery Inc HOOK Bunge Ltd BG Energizer Holdings Inc ENR Usana Health Sciences Inc USNA Chattem Inc CHTT Oil Dri Corp America ODC Cuisine Solutions Inc FZN National Beverage Corp FIZ Whole Foods Market Inc WFMI Clorox Co. CLX Cca Industries Inc CAW Andersons Inc ANDE Darling Intl Inc DAR Central European Dist Corp CEDC J & J Snack Foods Corp JJSF Weis Markets Inc WMK Margo Caribe Inc MRGO Dean Foods Co DF Brown-Forman BF Seneca Foods SENEA Glacier Water Services GWSV Reliv International Inc RELV Central Garden & Pet Co CENT Medical Nutrition Usa Inc 3MDNU Big Rock Brewery Income Tr BRBMF Castle Brands Inc ROX I hope this meets your needs, V Search strategy: None, I knew where to find the data.
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