May 21, 2018 / 4:57 PM / 3 months ago

BUZZ-Agribusiness ETF: Best day in 6 weeks as Trump promises China business

** VanEck Vectors Agribusiness ETF up ~1 pct, set for best one-day pct gain since April 10

** President Trump said Monday China had pledged to buy “massive amounts” of American agricultural products, but gave no other details

** Agricultural equipment firms Deere, CNH’s US shares and AGCO all up ~2 pct; Titan Machinery gaining ~5 pct; Lindsay Corp up ~1.5 pct

** Andersons, which operates a grain storage network, up 1.5 pct; farm equipment retailer Tractor Supply up 1.8 pct

** Fertilizer companies CF Industries up 1.7 pct; Mosaic and Nutrien up ~1 pct; Monsanto flat

** Soybean exporters Archer-Daniels little changed and Bunge off 0.7 pct

** Meat exporters such as Tyson Foods, Hormel Foods , Sanderson Farms and Pilgrims Pride mixed (Reporting by Savio D’Souza)

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