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Picture this…

Saudi Arabia just announced it was shutting down half of its oil production.

It also said it would keep the capacity shut down for at least a year – maybe longer.

The move would wipe out about five percent of the world's oil supply overnight.

What do you expect to happen?

It would be bedlam. Oil prices would skyrocket. The price would jump to $100 or more within minutes. Prices would spike even if demand continued to dip and oil stockpiles stayed high.

Gasoline prices would climb too. Every politician would vow to do something about it. Every major media news outlet would be all over the story.

Oil stocks would dominate the markets. Any investor holding shares of oil producers, oil service companies, or alternative energy companies would be banking some solid gains in no time.

Now, imagine if you were tipped off weeks before the announcement was made. You could load up on oil stocks and leverage up with call options and make a fortune.

Granted, the likelihood of this scenario playing out is pretty slim. The odds of you getting advanced notice are even slimmer.

So it's pretty unrealistic, right?

Well, it is almost impossible when it comes to oil.

It is not unrealistic, however, in another commodity sector.

I'm talking about a commodity which is equally as important as oil. A commodity which has not bit hit nearly as hard as almost every other one during this downturn. A commodity that is already in short supply. And one which will have a far greater run up this summer (and more profitable for investors) than oil probably will.

A Perfect Storm for Agriculture

That commodity is food. This summer has the potential to be a very big one for agriculture commodities. The price of everything – wheat, corn, barley, sunflower, etc. – are on the verge of going much, much higher.

We all know the long-term case for agriculture. The “Peak Soil” crisis is something we've followed closely here in the Prosperity Dispatch for a long time. The combination of declining crop yields from overused soil and rising demand from a wealthier and growing population.

I don't think I'm going out on a limb and saying the long-term outlook for agriculture commodities and stocks is outstanding.

Today though, I want to focus on the short-term prospects for agriculture. More specifically, how two big issues could launch agriculture commodity prices back to last year's highs and beyond.

Just like every other commodity, agriculture commodity prices are driven by supply and demand. The catalysts for agriculture commodities in this summer rest on the supply side.