Markman on the Markets: Is it Time to Buy Monsanto?

Is it time to buy Monsanto Co. (NYSE: MON)?

My research tells me that the answer to that question is a definite "yes."

When it comes to basic materials investments, we've talked a lot about gold and steel, but don't forget the agricultural goods. As you can see in the chart that follows, St. Louis-based seed-producer Monsanto last week broke out of a long downtrend and consolidation.