CHICAGO, June 24, 2011 /PRNewswire/ -- Today, Zacks Investment Ideas feature highlights Features: CNH Global (NYSE: CNH), Bunge (NYSE: BG), CF Industries (NYSE: CF), Tractor Supply (Nasdaq: TSCO) and The Andersons (Nasdaq: ANDE).

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Big Buying Opportunity in Ag Stocks

With the food shortage story well in play on a booming global population and unpredictable weather, let's go ahead and take a second swing at some of our favorite agriculture stocks. One name was included in the first report, but I've added five fresh ideas to help you beef up your agriculture portfolio. And if you're interested in checking out the original peice from last October, here's a link to that too.

Are Ag Stocks the Next Gold Trade?

Top Agriculture Stocks

CNH Global (NYSE: CNH) is a global leader in farming equipment with a market cap of $9.8 billion. This Zacks #1 rank stock has recently pulled back from its 52-week high in the weak market, falling from $54 to $37. But like I mentioned above, it comes as estimates are on the rise, with the current year up 18 cents in the last 60 days to $2.94. That has made this a value stock, trading with a forward P/E of 13X against its peer average of 14X.

Bunge (NYSE: BG) is a top name in agribusiness, wholesaling grains with satellite operations in Brazil. This Zacks #1 rank stock has also declined over the last month, but in the meantime estimates are up, with the current year adding 36 cents in the last two months to $6.31.

CF Industries (NYSE: CF), also known as the most insanely undervalued fertilizer stock in the world, has been holding tough in the weak market, with shares lingering in elevated territory. That definitely has something to do with the compelling valuation, where this Zacks #1 rank stock has a forward P/E of 8.9X, a sharp discount to its peer average of 11.5X.

Tractor Supply (Nasdaq: TSCO) operates retail farm and ranch stores in the United States with a market cap of $4.8 billion. This Zacks #2 rank stock has been a top performer over the last year, hitting new high after new high on booming sales and earnings. The valuation is a little richer here, but this mid capper is still in a strong growth cycle.

The Andersons (Nasdaq: ANDE) is basically a smaller version of Bungee, an agribusiness company with a market cap of $750 million. ANDE has pulled back in the last two months while estimates have risen, making the company's forward P/E of 10X serious relative and absolute value.

Long-Term Gains in Agriculture

So as you can see, the recent pullback in the market has created some value opportunities in agriculture stocks. And with long-term compression between supply and demand supporting prices, ag stocks are a good place to be looking for your next big winner.

**Author Disclosure: I own shares of BG, DE and CF**

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