"This is a great report and this is a great way to invest broadly in a top theme. One problem, Soros is a major owner. I seem to remember a subscriber commenting a few years ago on Cresud. I would love to hear any knowledgeable opinions on this company."

Eoin Treacy's view Thank you for this interesting report which I have no doubt will be of interest to subscribers. Agriculture remains a Fullermoney long-term theme and this share has a diversified portfolio of assets which could be attractive to potential investors subject to due diligence. If subscribers have any additional information we would be happy to share it with the Collective.

On a cursory inspection two points attracted my attention. Adecoagro is trading on a Price/Book ratio of 9 which appears to be somewhat expensive relative to the wider market. Its headquarters are also in Luxembourg which struck me as odd since its business is in South America and it is listed in the USA.

The share has ranged between $12 and $13.50 since late January and a sustained breakout will be required to indicate how investors view the share.

Cresud remains in a relatively consistent medium-term uptrend and has pulled back to test the 200-day MA over the last month. An upward dynamic would confirm support in this area while a sustained move below $15 would question the consistency of the medium-term move.