Severe drought and record heat is wreaking havoc on the mid-west food harvest. Lower farm yields and dwindling inventories have resulted in a 50% surge in corn prices over the past month with little relief in sight. But record food prices have created a boom for agricultural chemical companies. The sector is up 13% in the last month with traders are betting that higher food prices will boost demand for fertilizers.
The rally in the agricultural space has attracted the attention of institutional investors. Here are the top 4 fertilizer plays hedge funds are betting on: You should visit Insider Monkey for the full list of the agriculture plays investors are betting on.