This morning, the leading agriculture stocks are all trading higher to start the day. The Market Vectors Agribusiness ETF (NYSEARCA:MOO) is trading higher by 0.46 cents to $53.34 a share. The MOO is trading above all of the major daily chart moving averages which puts the stock in a strong technical position. Traders must recognize that the MOO is now getting a little extended and overbought.

This morning, most of the leading agriculture stocks are coming under early selling pressure. This industry group is trading into heavy resistance on the daily charts. The Market Vectors Agribusiness ETF (NYSEARCA:MOO) is a good way to track the agriculture sector. Today, the MOO is trading lower by 0.39 cents to $48.66 a share.

Kadant Inc. (NYSE:KAI) is a leading supplier to the global pulp and paper industry. The stock-preparation, fluid-handling, doctoring, and water-management equipment and systems of Kadant are designed to increase efficiency and improve quality in pulp and paper production.

RLI Corp. (NYSE:RLI) will release its third quarter 2011 earnings after the market closes on Tuesday, October 18, 2011. The company will hold its quarterly conference call to discuss first quarter results on Wednesday, October 19, 2011, at 11:00 a.m. Eastern Time.